Vault-13

SPDR SERIES TRUST SPYG

PRTFLO S&P500 GW · ETP · CUSIP 78464A409

1,347 institutional holders +125 vs Q3 2025
328,724,180328.7m shares reported held*
$35.1bnreported value*
92 new 495 added 471 reduced 63 sold out net bought ≈ $724.1m (+6.5m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($174.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $106.65. Options: 6 managers hold calls ($34.2m notional), 3 hold puts ($12.3m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 678Q4 22: 757Q1 23: 760Q2 23: 802Q3 23: 828Q4 23: 919Q1 24: 953Q2 24: 1,025Q3 24: 1,023Q4 24: 1,142Q1 25: 1,107Q2 25: 1,172Q3 25: 1,222Q4 25: 1,3471,347Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022678
Q4 2022757
Q1 2023760
Q2 2023802
Q3 2023828
Q4 2023919
Q1 2024953
Q2 20241,025
Q3 20241,023
Q4 20241,142
Q1 20251,107
Q2 20251,172
Q3 20251,222
Q4 20251,347

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1k01kQ1 24: 466 bought or addedQ1 24: 405 cut or sold outQ2 24: 539 bought or addedQ2 24: 370 cut or sold outQ2 24Q3 24: 461 bought or addedQ3 24: 470 cut or sold outQ4 24: 527 bought or addedQ4 24: 425 cut or sold outQ4 24Q1 25: 521 bought or addedQ1 25: 511 cut or sold outQ2 25: 611 bought or addedQ2 25: 433 cut or sold outQ2 25Q3 25: 565 bought or addedQ3 25: 504 cut or sold outQ4 25: 587 bought or addedQ4 25: 534 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024466405
Q2 2024539370
Q3 2024461470
Q4 2024527425
Q1 2025521511
Q2 2025611433
Q3 2025565504
Q4 2025587534

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20m$40m$60m$80mQ1 25 calls: $56.1mQ1 25 puts: $10.3mQ1 25P/C 0.18Q2 25 calls: $49.7mQ2 25 puts: $14.0mQ2 25P/C 0.28Q3 25 calls: $71.7mQ3 25 puts: $15.2mQ3 25P/C 0.21Q4 25 calls: $34.2mQ4 25 puts: $12.3mQ4 25P/C 0.36
Numbers
QuarterCallsPutsP/C
Q1 2025$56.1m$10.3m0.18
Q2 2025$49.7m$14.0m0.28
Q3 2025$71.7m$15.2m0.21
Q4 2025$34.2m$12.3m0.36

Biggest buyers

MORGAN STANLEY Added +7,939,766+7.9m
LPL Financial LLC Added +1,039,128+1.0m
Allworth Financial LP Added +990,106+990.1k
Corient Private Wealth LP Added +939,224+939.2k
STIFEL FINANCIAL CORP Added +673,790+673.8k
HSBC HOLDINGS PLC Added +653,250+653.2k
HighPoint Advisor Group LLC New +642,750+642.8k
BANK OF AMERICA CORP /DE/ Added +638,185+638.2k
BENJAMIN EDWARDS INC Added +602,485+602.5k
DIVERSIFY WEALTH MANAGEMENT, LLC Added +586,645+586.6k

Biggest sellers

JPMORGAN CHASE & CO Reduced -5,252,059-5.3m
Gerber Kawasaki Wealth & Investment Management Reduced -1,390,781-1.4m
NICOLET ADVISORY SERVICES, LLC Reduced -953,384-953.4k
FLAGSHIP HARBOR ADVISORS, LLC Sold out -917,608-917.6k
Strategic Financial Concepts, LLC Reduced -868,574-868.6k
Financial Engines Advisors L.L.C. Reduced -705,297-705.3k
UBS Group AG Reduced -649,748-649.7k
ESL Trust Services, LLC Reduced -594,084-594.1k
Sanctuary Advisors, LLC Reduced -377,185-377.2k
Equitable Holdings, Inc. Reduced -332,630-332.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $19.6m183.9k shares
CITADEL ADVISORS LLC Reduced $5.4m51.0k shares
JANE STREET GROUP, LLC Added $5.0m47.1k shares
IMC-Chicago, LLC Added $3.4m31.5k shares
GROUP ONE TRADING LLC Reduced $426.8k4.0k shares
LPL Financial LLC New $320.1k3.0k shares

Biggest puts

CITADEL ADVISORS LLC Added $8.0m75.2k shares
JANE STREET GROUP, LLC Reduced $2.5m23.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.7m15.9k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 1.17% of their portfolio FORT MILL, SC 40,217,77740.2m $4.3bn $4.3bn 1.17% Added +1.0m +1,039,128
2 Financial Engines Advisors L.L.C. 3.49% of their portfolio SANTA CLARA, CA 17,287,65517.3m $1.8bn $1.8bn 3.49% Reduced -705.3k -705,297
3 MORGAN STANLEY 0.10% of their portfolio NEW YORK, NY 16,219,52816.2m $1.7bn $1.7bn 0.10% Added +7.9m +7,939,766
4 GOLDMAN SACHS GROUP INC 0.22% of their portfolio NEW YORK, NY 14,387,31614.4m $1.5bn $1.5bn 0.22% Added +159.3k +159,304
5 Allworth Financial LP 5.43% of their portfolio FOLSOM, CA 12,384,94612.4m $1.3bn $1.3bn 5.43% Added +990.1k +990,106
6 ENVESTNET ASSET MANAGEMENT INC 0.35% of their portfolio Berwyn, PA 11,183,33211.2m $1.2bn $1.2bn 0.35% Added +201.0k +200,994
7 AMERIPRISE FINANCIAL INC 0.25% of their portfolio MINNEAPOLIS, MN 10,307,59310.3m $1.1bn $1.1bn 0.25% Added +393.0k +392,991
8 JPMORGAN CHASE & CO 0.04% of their portfolio NEW YORK, NY 5,768,3355.8m $615.5m $615.5m 0.04% Reduced -5.3m -5,252,059
9 Horizon Investments, LLC 7.28% of their portfolio Charlotte, NC 5,389,2585.4m $575.0m $575.0m 7.28% Added +52.6k +52,598
10 Equitable Holdings, Inc. 3.58% of their portfolio NEW YORK, NY 4,910,3404.9m $523.9m $523.9m 3.58% Reduced -332.6k -332,630
11 HB Wealth Management, LLC 3.17% of their portfolio Atlanta, GA 4,781,9324.8m $489.3m $489.3m 3.17% Added +12.6k +12,568
12 Valmark Advisers, Inc. 6.13% of their portfolio AKRON, OH 4,661,1984.7m $497.3m $497.3m 6.13% Added +16.2k +16,182
13 VANTAGEPOINT INVESTMENT ADVISERS LLC 3.81% of their portfolio WASHINGTON, DC 4,440,0414.4m $473.8m $473.8m 3.81% Reduced -48.0k -47,972
14 RAYMOND JAMES FINANCIAL INC 0.13% of their portfolio ST. PETERSBURG, FL 4,030,3324.0m $430.0m $430.0m 0.13% Added +60.1k +60,096
15 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 4,018,3174.0m $428.8m $428.8m 0.03% Added +638.2k +638,185
16 Dynasty Wealth Management, LLC 4.02% of their portfolio ST. PETERSBURG, FL 3,835,9553.8m $409.3m $409.3m 4.02% Added +162.2k +162,192
17 Orgel Wealth Management, LLC 8.69% of their portfolio ALTOONA, WI 3,690,9723.7m $393.8m $393.8m 8.69% Reduced -137.4k -137,421
18 Quotient Wealth Partners, LLC 10.47% of their portfolio DALLAS, TX 3,688,2253.7m $393.5m $393.5m 10.47% Added +159.7k +159,725
19 UBS Group AG 0.08% of their portfolio ZURICH, V8 3,598,4073.6m $384.0m $384.0m 0.08% Reduced -649.7k -649,748
20 Advisory Alpha, LLC 10.16% of their portfolio HOLLAND, MI 3,498,2633.5m $373.3m $373.3m 10.16% Reduced -39.8k -39,818
21 Cetera Investment Advisers 0.36% of their portfolio SCHAUMBURG, IL 3,098,6593.1m $330.6m $330.6m 0.36% Reduced -97.3k -97,256
22 WELLS FARGO & COMPANY/MN 0.06% of their portfolio SAN FRANCISCO, CA 2,944,4952.9m $314.2m $314.2m 0.06% Reduced -29.7k -29,662
23 AE Wealth Management LLC 1.80% of their portfolio TOPEKA, KS 2,942,6852.9m $314.0m $314.0m 1.80% Reduced -67.7k -67,734
24 CWM, LLC 0.82% of their portfolio OMAHA, NE 2,843,2172.8m $303.4m $303.4m 0.82% Added +69.1k +69,065
25 Willis Johnson & Associates, Inc. 17.69% of their portfolio Houston, TX 2,687,9772.7m $286.8m $286.8m 17.69% Added +122.2k +122,190
26 TRUIST FINANCIAL CORP 0.38% of their portfolio CHARLOTTE, NC 2,662,0652.7m $284.0m $284.0m 0.38% Added +252.3k +252,327
27 Kestra Investment Management, LLC 6.83% of their portfolio AUSTIN, TX 2,615,7392.6m $279.1m $279.1m 6.83% Added +269.6k +269,602
28 ROYAL BANK OF CANADA 0.05% of their portfolio TORONTO, A6 2,489,0392.5m $265.6m $265.6m 0.05% Reduced -165.0k -164,966
29 OSAIC HOLDINGS, INC. 0.38% of their portfolio SCOTTSDALE, AZ 2,423,3282.4m $258.6m $258.6m 0.38% Reduced -153.5k -153,452
30 HighTower Advisors, LLC 0.28% of their portfolio CHICAGO, IL 2,378,5702.4m $253.8m $253.8m 0.28% Added +5.5k +5,487
31 Private Advisor Group, LLC 1.09% of their portfolio MORRISTOWN, NJ 2,176,6952.2m $232.3m $232.3m 1.09% Added +108.0k +108,045
32 NorthRock Partners, LLC 3.78% of their portfolio MINNEAPOLIS, MN 2,095,4122.1m $223.6m $223.6m 3.78% Reduced -37.8k -37,780
33 Connecticut Wealth Management, LLC 9.01% of their portfolio FARMINGTON, CT 1,942,1231.9m $207.2m $207.2m 9.01% Added +67.1k +67,062
34 SCS Capital Management LLC 2.09% of their portfolio BOSTON, MA 1,845,6111.8m $196.9m $196.9m 2.09% Reduced -52.8k -52,772
35 FMR LLC 0.01% of their portfolio BOSTON, MA 1,837,3771.8m $196.0m $196.0m 0.01% Reduced -14.9k -14,877
36 Corient Private Wealth LP 0.13% of their portfolio MIAMI, FL 1,764,8401.8m $187.7m $187.7m 0.13% Added +939.2k +939,224
37 TIAA TRUST, NATIONAL ASSOCIATION 0.44% of their portfolio CHARLOTTE, NC 1,732,1331.7m $184.8m $184.8m 0.44% Reduced -306.7k -306,653
38 STIFEL FINANCIAL CORP 0.17% of their portfolio ST. LOUIS, MO 1,729,2691.7m $184.5m $184.5m 0.17% Added +673.8k +673,790
39 COMMONWEALTH EQUITY SERVICES, LLC 0.23% of their portfolio WALTHAM, MA 1,625,5921.6m $173.5m $173.5m 0.23% Added +5.7k +5,714
40 Savant Capital, LLC 0.92% of their portfolio ROCKFORD, IL 1,521,6721.5m $162.4m $162.4m 0.92% Reduced -58.4k -58,365
41 Kingsview Wealth Management, LLC 2.32% of their portfolio GRANTS PASS, OR 1,507,3491.5m $160.8m $160.8m 2.32% Added +120.7k +120,734
42 Mariner, LLC 0.19% of their portfolio Overland Park, KS 1,502,4851.5m $160.3m $160.3m 0.19% Added +171.4k +171,402
43 Syntegra Private Wealth Group, LLC 14.43% of their portfolio Chesterfield, MO 1,473,0801.5m $157.2m $157.2m 14.43% Added +173.4k +173,361
44 CoreCap Advisors, LLC 5.47% of their portfolio SOUTHFIELD, MI 1,466,6671.5m $156.5m $156.5m 5.47% Reduced -55.9k -55,886
45 Focused Wealth Management, Inc 16.55% of their portfolio Newburgh, NY 1,460,8011.5m $155.9m $155.9m 16.55% Added +22.5k +22,459
46 AlphaStar Capital Management, LLC 10.62% of their portfolio CORNELIUS, NC 1,356,7851.4m $144.8m $144.8m 10.62% Added +255.7k +255,660
47 BENJAMIN EDWARDS INC 1.59% of their portfolio Clayton, MO 1,342,5691.3m $143.3m $143.3m 1.59% Added +602.5k +602,485
48 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.09% of their portfolio MILWAUKEE, WI 1,263,7141.3m $134.8m $134.8m 0.09% Reduced -78.7k -78,717
49 OLD NATIONAL BANCORP /IN/ 2.23% of their portfolio EVANSVILLE, IN 1,255,2691.3m $133.9m $133.9m 2.23% Added +31.5k +31,526
50 PRUDENTIAL FINANCIAL INC 0.16% of their portfolio NEWARK, NJ 1,204,7081.2m $129.5m $129.5m 0.16% Reduced -33.0k -32,962
51 DIVERSIFY WEALTH MANAGEMENT, LLC 5.98% of their portfolio SANDY, UT 1,186,8821.2m $128.3m $128.3m 5.98% Added +586.6k +586,645
52 First National Trust Co 4.17% of their portfolio Johnstown, PA 1,172,0941.2m $125.1m $125.1m 4.17% Reduced -2.6k -2,558
53 MML INVESTORS SERVICES, LLC 0.29% of their portfolio SPRINGFIELD, MA 1,105,6091.1m $118.0m $118.0m 0.29% Added +85.0k +84,989
54 Octavia Wealth Advisors, LLC 11.25% of their portfolio CINCINNATI, OH 1,104,2831.1m $117.8m $117.8m 11.25% Added +57.5k +57,478
55 Clark Capital Management Group, Inc. 0.65% of their portfolio PHILADELPHIA, PA 997,415997.4k $106.4m $106.4m 0.65% Reduced -18.9k -18,869
56 EXCHANGE TRADED CONCEPTS, LLC 0.88% of their portfolio Oklahoma City, OK 994,160994.2k $106.1m $106.1m 0.88% Added +90.6k +90,614
57 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 1.59% of their portfolio MINNEAPOLIS, MN 983,706983.7k $105.0m $105.0m 1.59% Reduced -4.1k -4,144
58 KWB Wealth 9.93% of their portfolio REDLANDS, CA 982,199982.2k $104.8m $104.8m 9.93% Reduced -49.7k -49,709
59 FOUNDERS FINANCIAL SECURITIES LLC 6.10% of their portfolio TOWSON, MD 969,914969.9k $103.5m $103.5m 6.10% Added +98.0k +97,973
60 Waverly Advisors, LLC 0.80% of their portfolio BIRMINGHAM, AL 929,551929.6k $99.2m $99.2m 0.80% Added +115.3k +115,303
61 MAINSTAY CAPITAL MANAGEMENT LLC /ADV 7.11% of their portfolio GRAND BLANC, MI 869,548869.5k $92.8m $92.8m 7.11% Added +69.6k +69,554
62 Compton Financial Group, LLC 20.60% of their portfolio TOWSON, MD 852,783852.8k $91.0m $91.0m 20.60% Reduced -14.1k -14,051
63 CIBC Private Wealth Group LLC 0.15% of their portfolio ATLANTA, GA 847,510847.5k $90.4m $90.4m 0.15% Added +245.9k +245,944
64 Cannon Financial Strategists, Inc. 12.16% of their portfolio ATHENS, GA 819,440819.4k $87.4m $87.4m 12.16% Reduced -10.9k -10,876
65 Black Swift Group, LLC 15.62% of their portfolio BOULDER, CO 813,751813.8k $93.7m $93.7m 15.62% Added +6.3k +6,288
66 Integrated Wealth Concepts LLC 1.00% of their portfolio WALTHAM, MA 791,024791.0k $84.4m $84.4m 1.00% Reduced -188.6k -188,554
67 Ackerman Capital Advisors, LLC 16.36% of their portfolio DALLAS, TX 763,821763.8k $81.5m $81.5m 16.36% Added +57.3k +57,349
68 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 757,330757.3k $80.8m $80.8m 0.02% Added +653.2k +653,250
69 Kestra Advisory Services, LLC 0.33% of their portfolio AUSTIN, TX 745,120745.1k $79.5m $79.5m 0.33% Added +123.6k +123,645
70 Creative Planning 0.06% of their portfolio OVERLAND PARK, KS 724,675724.7k $77.3m $77.3m 0.06% Reduced -11.9k -11,919
71 First Command Advisory Services, Inc. 0.54% of their portfolio FORT WORTH, TX 722,548722.5k $77.1m $77.1m 0.54% Reduced -7.2k -7,182
72 Envestnet Portfolio Solutions, Inc. 0.27% of their portfolio BERWYN, PA 717,778717.8k $76.6m $76.6m 0.27% Reduced -22.9k -22,862
73 Cambridge Investment Research Advisors, Inc. 0.20% of their portfolio FAIRFIELD, IA 715,960716.0k $76.4m $76.4m 0.20% Added +2.3k +2,256
74 Composition Wealth, LLC 1.03% of their portfolio LOS ANGELES, CA 674,231674.2k $71.9m $71.9m 1.03% Reduced -34.7k -34,714
75 RESTON WEALTH MANAGEMENT LLC 21.82% of their portfolio Reston, VA 668,534668.5k $71.3m $71.3m 21.82% Reduced -6.3k -6,305
76 Klingman & Associates, LLC 3.43% of their portfolio New York, NY 666,209666.2k $71.1m $71.1m 3.43% Reduced -18.7k -18,741
77 HighPoint Advisor Group LLC 1.51% of their portfolio DOWNERS GROVE, IL 642,750642.8k $68.6m $68.6m 1.51% New
78 SilverOak Wealth Management LLC 10.37% of their portfolio Edina, MN 619,961620.0k $66.1m $66.1m 10.37% Added +800 +800
79 RFG Advisory, LLC 1.20% of their portfolio BIRMINGHAM, AL 595,542595.5k $63.5m $63.5m 1.20% Reduced -37.9k -37,904
80 JONES FINANCIAL COMPANIES LLLP 0.04% of their portfolio DES PERES, MO 590,931590.9k $63.1m $63.1m 0.04% Added +117.8k +117,777
81 NICOLET ADVISORY SERVICES, LLC 4.27% of their portfolio GREEN BAY, WI 585,065585.1k $63.4m $63.4m 4.27% Reduced -953.4k -953,384
82 IHT Wealth Management, LLC 1.51% of their portfolio Chicago, IL 583,434583.4k $62.3m $62.3m 1.51% Added +24.1k +24,056
83 CANANDAIGUA NATIONAL BANK & TRUST CO 5.54% of their portfolio CANANDAIGUA, NY 579,137579.1k $61.8m $61.8m 5.54% Added +2.2k +2,158
84 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.08% of their portfolio PLYMOUTH, MN 551,537551.5k $59.4m $59.4m 0.08% Reduced -3.6k -3,573
85 Convergence Financial, LLC 8.45% of their portfolio COLUMBIA, MO 542,690542.7k $57.9m $57.9m 8.45% Added +1.2k +1,155
86 OARSMAN CAPITAL, INC. 7.47% of their portfolio MILWAUKEE, WI 538,799538.8k $57.5m $57.5m 7.47% Added +34.6k +34,644
87 Merit Financial Group, LLC 0.46% of their portfolio ALPHARETTA, GA 537,327537.3k $57.3m $57.3m 0.46% Added +43.1k +43,107
88 COURIER CAPITAL LLC 3.09% of their portfolio BUFFALO, NY 515,922515.9k $55.0m $55.0m 3.09% Added +14.9k +14,887
89 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.82% of their portfolio ST. LOUIS, MO 512,845512.8k $54.7m $54.7m 0.82% Added +219.5k +219,542
90 Leicht Financial Planning & Wealth Management, Inc. 24.00% of their portfolio PARSIPPANY, NJ 502,853502.9k $53.7m $53.7m 24.00% Reduced -62.1k -62,058
91 Perennial Investment Advisors, LLC 4.22% of their portfolio Los Angeles, CA 499,979500.0k $53.3m $53.3m 4.22% Reduced -12.4k -12,394
92 CGN Advisors LLC 4.13% of their portfolio MANHATTAN, KS 489,110489.1k $52.2m $52.2m 4.13% Reduced -5.8k -5,819
93 Thrivent Financial for Lutherans 0.09% of their portfolio Minneapolis, MN 482,080482.1k $51.7m $51.7m 0.09% Added +97.9k +97,890
94 Orion Porfolio Solutions, LLC 0.37% of their portfolio OMAHA, NE 471,522471.5k $50.3m $50.3m 0.37% Reduced -5.5k -5,508
95 Rodgers & Associates, LTD 5.05% of their portfolio Lancaster, PA 467,832467.8k $49.9m $49.9m 5.05% Reduced -9.0k -8,951
96 Ameritas Advisory Services, LLC 1.76% of their portfolio Lincoln, NE 443,113443.1k $47.3m $47.3m 1.76% Added +328.6k +328,644
97 TRUEFG, LLC 12.68% of their portfolio CEDAR PARK, TX 442,944442.9k $47.3m $47.3m 12.68% Reduced -5.7k -5,739
98 Baltimore-Washington Financial Advisors, Inc. 1.93% of their portfolio Columbia, MD 434,944434.9k $46.4m $46.4m 1.93% Added +17.6k +17,649
99 71 West Capital Partners 2.10% of their portfolio BOSTON, MA 428,347428.3k $45.7m $45.7m 2.10% First filing
100 CITIZENS FINANCIAL GROUP INC/RI 0.61% of their portfolio PROVIDENCE, RI 423,033423.0k $45.1m $45.1m 0.61% Added +34.6k +34,611