Vault-13

SPDR SERIES TRUST SPYV

PRTFLO S&P500 VL · ETP · CUSIP 78464A508

1,160 institutional holders +99 vs Q3 2025
476,217,846476.2m shares reported held*
$27.1bnreported value*
86 new 503 added 314 reduced 63 sold out net bought ≈ $724.3m (+12.7m 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 ($134.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $56.83. Options: 11 managers hold calls ($609.6m notional), 2 hold puts ($642.0k).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 603Q4 22: 710Q1 23: 689Q2 23: 722Q3 23: 727Q4 23: 841Q1 24: 856Q2 24: 902Q3 24: 960Q4 24: 1,026Q1 25: 1,022Q2 25: 1,052Q3 25: 1,061Q4 25: 1,1601,160Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022603
Q4 2022710
Q1 2023689
Q2 2023722
Q3 2023727
Q4 2023841
Q1 2024856
Q2 2024902
Q3 2024960
Q4 20241,026
Q1 20251,022
Q2 20251,052
Q3 20251,061
Q4 20251,160

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ1 24: 451 bought or addedQ1 24: 358 cut or sold outQ2 24: 467 bought or addedQ2 24: 333 cut or sold outQ2 24Q3 24: 513 bought or addedQ3 24: 343 cut or sold outQ4 24: 492 bought or addedQ4 24: 383 cut or sold outQ4 24Q1 25: 522 bought or addedQ1 25: 406 cut or sold outQ2 25: 533 bought or addedQ2 25: 393 cut or sold outQ2 25Q3 25: 514 bought or addedQ3 25: 399 cut or sold outQ4 25: 589 bought or addedQ4 25: 377 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024451358
Q2 2024467333
Q3 2024513343
Q4 2024492383
Q1 2025522406
Q2 2025533393
Q3 2025514399
Q4 2025589377

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ1 25 calls: $782.2mQ1 25 puts: $1.4mQ1 25P/C 0.00Q2 25 calls: $780.6mQ2 25 puts: $1.2mQ2 25P/C 0.00Q3 25 calls: $763.6mQ3 25 puts: $636.3kQ3 25P/C 0.00Q4 25 calls: $609.6mQ4 25 puts: $642.0kQ4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$782.2m$1.4m0.00
Q2 2025$780.6m$1.2m0.00
Q3 2025$763.6m$636.3k0.00
Q4 2025$609.6m$642.0k0.00

Biggest buyers

MORGAN STANLEY Added +10,778,683+10.8m
LPL Financial LLC Added +3,656,552+3.7m
ROYAL BANK OF CANADA Added +1,670,152+1.7m
Corient Private Wealth LP Added +1,060,876+1.1m
BANK OF AMERICA CORP /DE/ Added +1,028,875+1.0m
DIVERSIFY WEALTH MANAGEMENT, LLC Added +737,316+737.3k
HighPoint Advisor Group LLC New +602,558+602.6k
Willis Johnson & Associates, Inc. Added +579,899+579.9k
McNamara Financial Services, Inc. New +568,701+568.7k
AlphaStar Capital Management, LLC Added +545,145+545.1k

Biggest sellers

JPMORGAN CHASE & CO Reduced -8,116,732-8.1m
NICOLET ADVISORY SERVICES, LLC Reduced -1,960,787-2.0m
WELLINGTON MANAGEMENT GROUP LLP Sold out -1,244,355-1.2m
Dynasty Wealth Management, LLC Reduced -1,112,479-1.1m
Strategic Financial Concepts, LLC Reduced -989,429-989.4k
Quotient Wealth Partners, LLC Reduced -978,619-978.6k
Sanctuary Advisors, LLC Reduced -824,541-824.5k
UBS Group AG Reduced -777,969-778.0k
TIAA TRUST, NATIONAL ASSOCIATION Reduced -555,953-556.0k
OSAIC HOLDINGS, INC. Reduced -525,629-525.6k

Biggest calls

SIMPLEX TRADING, LLC Reduced $255.4m2.7m shares
Optiver Holding B.V. Added $193.0m3.0m shares
IMC-Chicago, LLC Reduced $89.7m1.2m shares
JPMORGAN CHASE & CO Reduced $23.3m345.4k shares
Thomist Capital Management, LP Reduced $22.6m348.9k shares
GROUP ONE TRADING LLC Added $21.7m327.7k shares
CenterStar Asset Management, LLC Reduced $1.4m13.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.4m24.5k shares
CITADEL ADVISORS LLC Reduced $511.3k9.0k shares
JANE STREET GROUP, LLC Reduced $460.2k8.1k shares

Biggest puts

LPL Financial LLC Reduced $426.1k7.5k shares
Point72 Asset Management, L.P. New $215.9k3.8k 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 Financial Engines Advisors L.L.C. 8.81% of their portfolio SANTA CLARA, CA 81,809,19181.8m $4.6bn $4.6bn 8.81% Added +79.8k +79,829
2 LPL Financial LLC 0.78% of their portfolio FORT MILL, SC 50,099,10750.1m $2.8bn $2.8bn 0.78% Added +3.7m +3,656,552
3 GOLDMAN SACHS GROUP INC 0.18% of their portfolio NEW YORK, NY 22,516,33822.5m $1.3bn $1.3bn 0.18% Added +291.2k +291,210
4 MORGAN STANLEY 0.07% of their portfolio NEW YORK, NY 19,747,81219.7m $1.1bn $1.1bn 0.07% Added +10.8m +10,778,683
5 Allworth Financial LP 4.60% of their portfolio FOLSOM, CA 19,695,29519.7m $1.1bn $1.1bn 4.60% Added +382.2k +382,214
6 Valmark Advisers, Inc. 6.12% of their portfolio AKRON, OH 8,740,1458.7m $496.5m $496.5m 6.12% Added +231.9k +231,888
7 AMERIPRISE FINANCIAL INC 0.11% of their portfolio MINNEAPOLIS, MN 8,301,8248.3m $471.7m $471.7m 0.11% Reduced -273.8k -273,823
8 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 7,666,3137.7m $435.5m $435.5m 0.03% Added +1.0m +1,028,875
9 JPMORGAN CHASE & CO 0.03% of their portfolio NEW YORK, NY 6,796,4646.8m $386.1m $386.1m 0.03% Reduced -8.1m -8,116,732
10 UBS Group AG 0.07% of their portfolio ZURICH, V8 6,494,3946.5m $368.9m $368.9m 0.07% Reduced -778.0k -777,969
11 RAYMOND JAMES FINANCIAL INC 0.11% of their portfolio ST. PETERSBURG, FL 6,004,8886.0m $341.1m $341.1m 0.11% Added +80.7k +80,711
12 ROYAL BANK OF CANADA 0.06% of their portfolio TORONTO, A6 6,004,4566.0m $341.1m $341.1m 0.06% Added +1.7m +1,670,152
13 Willis Johnson & Associates, Inc. 20.32% of their portfolio Houston, TX 5,798,8465.8m $329.4m $329.4m 20.32% Added +579.9k +579,899
14 Advisory Alpha, LLC 8.73% of their portfolio HOLLAND, MI 5,641,8485.6m $320.5m $320.5m 8.73% Added +33.6k +33,649
15 Equitable Holdings, Inc. 2.01% of their portfolio NEW YORK, NY 5,165,3005.2m $293.4m $293.4m 2.01% Added +293.8k +293,750
16 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.36% of their portfolio PLYMOUTH, MN 4,637,0904.6m $268.6m $268.6m 0.36% Added +38.6k +38,621
17 VANTAGEPOINT INVESTMENT ADVISERS LLC 2.04% of their portfolio WASHINGTON, DC 4,463,4604.5m $253.6m $253.6m 2.04% Unchanged
18 NorthRock Partners, LLC 4.24% of their portfolio MINNEAPOLIS, MN 4,417,1914.4m $250.9m $250.9m 4.24% Reduced -19.5k -19,488
19 ENVESTNET ASSET MANAGEMENT INC 0.07% of their portfolio Berwyn, PA 4,137,7194.1m $235.1m $235.1m 0.07% Added +511.3k +511,267
20 CWM, LLC 0.63% of their portfolio OMAHA, NE 4,085,0594.1m $232.1m $232.1m 0.63% Added +10.6k +10,620
21 Cetera Investment Advisers 0.25% of their portfolio SCHAUMBURG, IL 3,975,8004.0m $225.9m $225.9m 0.25% Reduced -132.1k -132,126
22 Horizon Investments, LLC 2.79% of their portfolio Charlotte, NC 3,871,0303.9m $219.9m $219.9m 2.79% Added +229.2k +229,248
23 TIAA TRUST, NATIONAL ASSOCIATION 0.51% of their portfolio CHARLOTTE, NC 3,774,0743.8m $214.4m $214.4m 0.51% Reduced -556.0k -555,953
24 Connecticut Wealth Management, LLC 9.03% of their portfolio FARMINGTON, CT 3,654,3683.7m $207.6m $207.6m 9.03% Added +200.5k +200,519
25 Dynasty Wealth Management, LLC 2.02% of their portfolio ST. PETERSBURG, FL 3,620,4433.6m $205.7m $205.7m 2.02% Reduced -1.1m -1,112,479
26 Cerity Partners LLC 0.30% of their portfolio NEW YORK, NY 3,569,5193.6m $202.8m $202.8m 0.30% Added +97.0k +96,955
27 Quotient Wealth Partners, LLC 5.39% of their portfolio DALLAS, TX 3,567,7183.6m $202.7m $202.7m 5.39% Reduced -978.6k -978,619
28 AE Wealth Management LLC 1.14% of their portfolio TOPEKA, KS 3,499,1783.5m $198.8m $198.8m 1.14% Added +381.2k +381,186
29 OSAIC HOLDINGS, INC. 0.26% of their portfolio SCOTTSDALE, AZ 3,131,4803.1m $177.9m $177.9m 0.26% Reduced -525.6k -525,629
30 Private Advisor Group, LLC 0.76% of their portfolio MORRISTOWN, NJ 2,831,7922.8m $160.9m $160.9m 0.76% Reduced -49.3k -49,291
31 HighTower Advisors, LLC 0.16% of their portfolio CHICAGO, IL 2,540,5162.5m $144.3m $144.3m 0.16% Added +52.9k +52,900
32 Gerber Kawasaki Wealth & Investment Management 4.78% of their portfolio SANTA MONICA, CA 2,410,3652.4m $136.9m $136.9m 4.78% Added +116.4k +116,447
33 Lutz Financial Services LLC 9.23% of their portfolio OMAHA, NE 2,387,9032.4m $135.7m $135.7m 9.23% Added +121.5k +121,475
34 Betterment LLC 0.25% of their portfolio NEW YORK, NY 2,331,0012.3m $132.4m $132.4m 0.25% Reduced -80.8k -80,814
35 AlphaStar Capital Management, LLC 9.67% of their portfolio CORNELIUS, NC 2,319,6732.3m $131.8m $131.8m 9.67% Added +545.1k +545,145
36 Octavia Wealth Advisors, LLC 12.42% of their portfolio CINCINNATI, OH 2,289,4972.3m $130.1m $130.1m 12.42% Added +163.5k +163,483
37 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 2,109,0212.1m $119.8m $119.8m 0.02% Added +195.1k +195,089
38 Mariner, LLC 0.14% of their portfolio Overland Park, KS 2,108,7272.1m $119.8m $119.8m 0.14% Added +88.7k +88,727
39 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.08% of their portfolio MILWAUKEE, WI 2,098,1382.1m $119.2m $119.2m 0.08% Added +168.8k +168,784
40 ANGELES WEALTH MANAGEMENT, LLC 6.49% of their portfolio SANTA MONICA, CA 2,072,6302.1m $117.7m $117.7m 6.49% Added +186.6k +186,604
41 Corient Private Wealth LP 0.08% of their portfolio MIAMI, FL 2,048,1882.0m $116.1m $116.1m 0.08% Added +1.1m +1,060,876
42 STIFEL FINANCIAL CORP 0.10% of their portfolio ST. LOUIS, MO 2,046,6442.0m $116.3m $116.3m 0.10% Added +11.2k +11,200
43 First National Trust Co 3.73% of their portfolio Johnstown, PA 1,968,1132.0m $111.8m $111.8m 3.73% Added +19.4k +19,364
44 Magnus Financial Group LLC 7.67% of their portfolio NEW YORK, NY 1,766,3141.8m $100.3m $100.3m 7.67% Added +30.9k +30,936
45 DIVERSIFY WEALTH MANAGEMENT, LLC 4.77% of their portfolio SANDY, UT 1,760,5871.8m $102.2m $102.2m 4.77% Added +737.3k +737,316
46 KWB Wealth 9.43% of their portfolio REDLANDS, CA 1,752,0611.8m $99.5m $99.5m 9.43% Added +123.4k +123,419
47 OLD NATIONAL BANCORP /IN/ 1.57% of their portfolio EVANSVILLE, IN 1,661,6881.7m $94.4m $94.4m 1.57% Added +36.1k +36,118
48 COMMONWEALTH EQUITY SERVICES, LLC 0.13% of their portfolio WALTHAM, MA 1,650,9111.7m $93.8m $93.8m 0.13% Added +75.7k +75,722
49 Bell Bank 3.84% of their portfolio FARGO, ND 1,581,0361.6m $89.8m $89.8m 3.84% Added +9.1k +9,113
50 SIMON QUICK ADVISORS, LLC 3.78% of their portfolio MORRISTOWN, NJ 1,526,4881.5m $86.7m $86.7m 3.78% Reduced -28.1k -28,105
51 BENJAMIN EDWARDS INC 0.96% of their portfolio Clayton, MO 1,524,2551.5m $86.6m $86.6m 0.96% Added +10.2k +10,201
52 N.E.W. Advisory Services LLC 6.40% of their portfolio DE PERE, WI 1,523,0111.5m $86.5m $86.5m 6.40% Added +121.7k +121,672
53 IHT Wealth Management, LLC 2.02% of their portfolio Chicago, IL 1,461,7941.5m $83.0m $83.0m 2.02% Added +70.0k +70,011
54 Compton Financial Group, LLC 18.46% of their portfolio TOWSON, MD 1,434,7471.4m $81.5m $81.5m 18.46% Added +434.8k +434,764
55 FOUNDERS FINANCIAL SECURITIES LLC 4.62% of their portfolio TOWSON, MD 1,380,2761.4m $78.4m $78.4m 4.62% Added +75.2k +75,234
56 FLAGSHIP HARBOR ADVISORS, LLC 3.39% of their portfolio BOSTON, MA 1,266,1041.3m $71.9m $71.9m 3.39% Added +94.7k +94,708
57 EXCHANGE TRADED CONCEPTS, LLC 0.60% of their portfolio Oklahoma City, OK 1,261,0261.3m $71.6m $71.6m 0.60% Added +129.0k +128,972
58 Integrated Wealth Concepts LLC 0.82% of their portfolio WALTHAM, MA 1,220,5931.2m $69.3m $69.3m 0.82% Added +185.0k +185,044
59 NICOLET ADVISORY SERVICES, LLC 4.74% of their portfolio GREEN BAY, WI 1,208,6771.2m $70.3m $70.3m 4.74% Reduced -2.0m -1,960,787
60 Klingman & Associates, LLC 3.28% of their portfolio New York, NY 1,195,1671.2m $67.9m $67.9m 3.28% Added +957 +957
61 FLPUTNAM INVESTMENT MANAGEMENT CO 0.93% of their portfolio PORTLAND, ME 1,119,7751.1m $63.6m $63.6m 0.93% Reduced -89.9k -89,919
62 CoreCap Advisors, LLC 2.15% of their portfolio SOUTHFIELD, MI 1,084,5591.1m $61.6m $61.6m 2.15% Added +48.9k +48,903
63 71 West Capital Partners 2.74% of their portfolio BOSTON, MA 1,048,4261.0m $59.6m $59.6m 2.74% First filing
64 MML INVESTORS SERVICES, LLC 0.14% of their portfolio SPRINGFIELD, MA 1,036,3751.0m $58.9m $58.9m 0.14% Added +52.6k +52,575
65 FMR LLC 0.00% of their portfolio BOSTON, MA 1,033,0281.0m $58.7m $58.7m 0.00% Reduced -12.6k -12,617
66 JONES FINANCIAL COMPANIES LLLP 0.03% of their portfolio DES PERES, MO 961,028961.0k $54.6m $54.6m 0.03% Added +267.4k +267,388
67 Whitcomb & Hess, Inc. 12.90% of their portfolio ASHLAND, OH 942,692942.7k $54.7m $54.7m 12.90% Added +37.9k +37,852
68 Cambridge Investment Research Advisors, Inc. 0.14% of their portfolio FAIRFIELD, IA 904,778904.8k $51.4m $51.4m 0.14% Reduced -49.5k -49,542
69 CGN Advisors LLC 3.98% of their portfolio MANHATTAN, KS 884,473884.5k $50.2m $50.2m 3.98% Added +4.7k +4,662
70 CREATIVE FINANCIAL DESIGNS INC /ADV 3.06% of their portfolio KOKOMO, IN 855,339855.3k $48.6m $48.6m 3.06% Added +29.5k +29,493
71 Perennial Investment Advisors, LLC 3.83% of their portfolio Los Angeles, CA 852,199852.2k $48.4m $48.4m 3.83% Added +50.9k +50,861
72 Facet Wealth, Inc. 0.86% of their portfolio WEST PALM BEACH, FL 841,912841.9k $48.8m $48.8m 0.86% Reduced -122.4k -122,378
73 Leicht Financial Planning & Wealth Management, Inc. 21.05% of their portfolio PARSIPPANY, NJ 828,545828.5k $47.1m $47.1m 21.05% Added +275.9k +275,899
74 NOTTINGHAM ADVISORS, INC. 6.42% of their portfolio AMHERST, NY 810,567810.6k $46.0m $46.0m 6.42% Reduced -16.4k -16,406
75 Waverly Advisors, LLC 0.37% of their portfolio BIRMINGHAM, AL 803,642803.6k $45.7m $45.7m 0.37% Added +235.7k +235,699
76 BALANCED WEALTH GROUP LLC 16.02% of their portfolio WESTLAKE, OH 790,564790.6k $43.8m $43.8m 16.02% Added +22.6k +22,585
77 Arrow Financial Corp 4.44% of their portfolio Glens Falls, NY 783,199783.2k $44.5m $44.5m 4.44% Reduced -1.5k -1,485
78 Tennessee Valley Asset Management Partners 5.42% of their portfolio KNOXVILLE, TN 735,506735.5k $41.8m $41.8m 5.42% Added +22.2k +22,232
79 Accredited Investors Inc. 2.21% of their portfolio EDINA, MN 732,955733.0k $41.6m $41.6m 2.21% Reduced -34.6k -34,552
80 VICUS CAPITAL 3.12% of their portfolio STATE COLLEGE, PA 731,625731.6k $41.6m $41.6m 3.12% Added +28.7k +28,653
81 COURIER CAPITAL LLC 2.31% of their portfolio BUFFALO, NY 725,300725.3k $41.2m $41.2m 2.31% Added +34.6k +34,594
82 Constellation Investments, Inc. 1.25% of their portfolio MONTGOMERY, OH 712,000712.0k $40.4m $40.4m 1.25% Unchanged
83 Convergence Financial, LLC 5.87% of their portfolio COLUMBIA, MO 707,615707.6k $40.2m $40.2m 5.87% Added +19.8k +19,783
84 NICOLET BANKSHARES INC 6.44% of their portfolio GREEN BAY, WI 706,930706.9k $40.2m $40.2m 6.44% Reduced -351.8k -351,781
85 MONECO ADVISORS, LLC 3.14% of their portfolio FAIRFIELD, CT 695,651695.7k $39.5m $39.5m 3.14% Added +34.2k +34,182
86 Gladstone Institutional Advisory LLC 1.49% of their portfolio Bedminster, NJ 694,326694.3k $39.4m $39.4m 1.49% Reduced -35.6k -35,561
87 Shepherd Financial Partners LLC 3.65% of their portfolio WINCHESTER, MA 693,535693.5k $39.4m $39.4m 3.65% Added +155.6k +155,635
88 Creative Planning 0.03% of their portfolio OVERLAND PARK, KS 691,815691.8k $39.3m $39.3m 0.03% Reduced -8.2k -8,219
89 Koss-Olinger Consulting, LLC 3.04% of their portfolio GAINESVILLE, FL 691,510691.5k $39.3m $39.3m 3.04% Added +36.3k +36,346
90 Avior Wealth Management, LLC 1.22% of their portfolio OMAHA, NE 689,717689.7k $39.2m $39.2m 1.22% Added +29.2k +29,243
91 Thrivent Financial for Lutherans 0.07% of their portfolio Minneapolis, MN 688,637688.6k $39.4m $39.4m 0.07% Added +1.7k +1,673
92 Dakota Wealth Management 0.70% of their portfolio PALM BEACH GARDENS, FL 688,529688.5k $39.1m $39.1m 0.70% Added +59.9k +59,884
93 ERn Financial, LLC 7.22% of their portfolio MIDDLETON, WI 676,263676.3k $38.4m $38.4m 7.22% Added +31.7k +31,736
94 TSFG, LLC 5.67% of their portfolio LAKE FOREST, IL 668,138668.1k $38.0m $38.0m 5.67% Added +88.7k +88,711
95 Scarborough Advisors, LLC 6.24% of their portfolio ANNAPOLIS, MD 650,462650.5k $37.0m $37.0m 6.24% Added +104.5k +104,518
96 WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV 5.81% of their portfolio BERMUDA RUN, NC 646,065646.1k $36.7m $36.7m 5.81% Reduced -53.4k -53,438
97 PRUDENTIAL FINANCIAL INC 0.04% of their portfolio NEWARK, NJ 625,644625.6k $35.8m $35.8m 0.04% Reduced -16.1k -16,081
98 Higgins & Schmidt Wealth Strategies LLC 16.59% of their portfolio DENVER, CO 616,365616.4k $35.0m $35.0m 16.59% Added +28.2k +28,167
99 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.51% of their portfolio ST. LOUIS, MO 603,839603.8k $34.3m $34.3m 0.51% Reduced -6.6k -6,636
100 HighPoint Advisor Group LLC 0.75% of their portfolio DOWNERS GROVE, IL 602,558602.6k $34.2m $34.2m 0.75% New