Vault-13

SPDR SER TR RWR

DJ REIT ETF · ETP · CUSIP 78464A607

256 institutional holders +3 vs Q1 2025
12,411,68512.4m shares reported held*
$1.2bnreported value*
30 new 73 added 72 reduced 29 sold out net bought ≈ $104.7m (+1.1m 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 ($1.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $96.46. Options: 5 managers hold calls ($16.1m notional), 1 hold puts ($1.0m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 246Q4 22: 257Q1 23: 246Q2 23: 237Q3 23: 239Q4 23: 269Q1 24: 247Q2 24: 253Q3 24: 257Q4 24: 262Q1 25: 253Q2 25: 256256Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022246
Q4 2022257
Q1 2023246
Q2 2023237
Q3 2023239
Q4 2023269
Q1 2024247
Q2 2024253
Q3 2024257
Q4 2024262
Q1 2025253
Q2 2025256

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 90 bought or addedQ3 23: 103 cut or sold outQ4 23: 110 bought or addedQ4 23: 98 cut or sold outQ4 23Q1 24: 85 bought or addedQ1 24: 122 cut or sold outQ2 24: 100 bought or addedQ2 24: 99 cut or sold outQ2 24Q3 24: 98 bought or addedQ3 24: 97 cut or sold outQ4 24: 104 bought or addedQ4 24: 89 cut or sold outQ4 24Q1 25: 91 bought or addedQ1 25: 114 cut or sold outQ2 25: 103 bought or addedQ2 25: 101 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202390103
Q4 202311098
Q1 202485122
Q2 202410099
Q3 20249897
Q4 202410489
Q1 202591114
Q2 2025103101

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ3 24 calls: $5.7mQ3 24 puts: $3.1mQ3 24P/C 0.55Q4 24 calls: $2.7mQ4 24 puts: $1.8mQ4 24P/C 0.68Q1 25 calls: $10.2mQ1 25 puts: $307.3kQ1 25P/C 0.03Q2 25 calls: $16.1mQ2 25 puts: $1.0mQ2 25P/C 0.06
Numbers
QuarterCallsPutsP/C
Q3 2024$5.7m$3.1m0.55
Q4 2024$2.7m$1.8m0.68
Q1 2025$10.2m$307.3k0.03
Q2 2025$16.1m$1.0m0.06

Biggest buyers

STATE STREET CORP New +412,142+412.1k
LPL Financial LLC Added +283,953+284.0k
MILLENNIUM MANAGEMENT LLC New +229,596+229.6k
ASSETMARK, INC Added +172,025+172.0k
Envestnet Portfolio Solutions, Inc. New +149,528+149.5k
ENVESTNET ASSET MANAGEMENT INC Added +146,570+146.6k
JPMORGAN CHASE & CO Added +116,979+117.0k
ROYAL BANK OF CANADA Added +71,733+71.7k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +54,646+54.6k
Austin Private Wealth, LLC Added +45,378+45.4k

Biggest sellers

NORTHERN TRUST CORP Reduced -330,359-330.4k
BlackRock, Inc. Reduced -222,759-222.8k
Christian Investment Advisors, Inc. Sold out -123,353-123.4k
Quadrature Capital Ltd Sold out -102,018-102.0k
WELLS FARGO & COMPANY/MN Reduced -41,251-41.3k
CITADEL ADVISORS LLC Reduced -36,745-36.7k
STRATEGIC INVESTMENT MANAGEMENT, LLC Sold out -30,445-30.4k
BNP PARIBAS FINANCIAL MARKETS Reduced -24,822-24.8k
Geneos Wealth Management Inc. Reduced -20,108-20.1k
REBALANCE, LLC Reduced -12,584-12.6k

Biggest calls

GARDA CAPITAL PARTNERS LP Added $12.3m220.5k shares
IMC-Chicago, LLC Added $3.4m60.7k shares
Maven Securities LTD New $290.0k5.2k shares
GROUP ONE TRADING LLC Reduced $122.7k2.2k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.0m10.8k 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.04% of their portfolio CHICAGO, IL 2,881,7632.9m $277.9m $277.9m 0.04% Reduced -330.4k -330,359
2 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio SAN FRANCISCO, CA 1,987,3012.0m $191.7m $191.7m 0.03% Added +54.6k +54,646
3 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 679,746679.7k $65.6m $65.6m 0.00% Added +117.0k +116,979
4 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 487,668487.7k $47.0m $47.0m 0.02% Added +284.0k +283,953
5 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 467,361467.4k $45.1m $45.1m 0.01% Reduced -41.3k -41,251
6 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 423,587423.6k $40.9m $40.9m 0.01% Added +146.6k +146,570
7 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 412,142412.1k $39.7m $39.7m 0.00% New
8 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 386,108386.1k $37.2m $37.2m 0.03% Reduced -5.5k -5,510
9 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 346,690346.7k $33.4m $33.4m 0.00% Added +36.0k +36,034
10 MASON STREET ADVISORS, LLC 3.62% of their portfolio MILWAUKEE, WI 320,500320.5k $30.9m $30.9m 3.62% Unchanged
11 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 279,142279.1k $26.9m $26.9m 0.00% Reduced -7.0k -6,965
12 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 229,596229.6k $22.1m $22.1m 0.02% New
13 UBS Group AG 0.00% of their portfolio ZURICH, V8 226,705226.7k $21.9m $21.9m 0.00% Added +21.7k +21,744
14 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 225,363225.4k $21.7m $21.7m 0.03% Reduced -10.2k -10,162
15 ASSETMARK, INC 0.04% of their portfolio CONCORD, CA 195,149195.1k $18.8m $18.8m 0.04% Added +172.0k +172,025
16 BlackRock, Inc. 0.00% of their portfolio New York, NY 158,201158.2k $15.3m $15.3m 0.00% Reduced -222.8k -222,759
17 Envestnet Portfolio Solutions, Inc. 0.05% of their portfolio BERWYN, PA 149,528149.5k $14.4m $14.4m 0.05% New
18 Private Advisor Group, LLC 0.07% of their portfolio MORRISTOWN, NJ 126,908126.9k $12.2m $12.2m 0.07% Added +2.5k +2,475
19 PATTON FUND MANAGEMENT, INC. 2.59% of their portfolio New York, NY 122,434122.4k $11.8m $11.8m 2.59% Reduced -3.7k -3,652
20 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 102,979103.0k $9.9m $9.9m 0.01% Reduced -5.4k -5,420
21 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 98,65498.7k $9.5m $9.5m 0.00% Added +71.7k +71,733
22 Frederick Financial Consultants, LLC 5.85% of their portfolio FREDERICK, MD 97,61697.6k $9.4m $9.4m 5.85% Added +8.1k +8,140
23 Clearstead Advisors, LLC 0.11% of their portfolio CLEVELAND, OH 83,61983.6k $8.1m $8.1m 0.11% Added +37.7k +37,664
24 DT Investment Partners, LLC 0.56% of their portfolio CHADDS FORD, PA 64,57764.6k $6.2m $6.2m 0.56% Added +3.0k +2,998
25 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 64,46864.5k $6.2m $6.2m 0.00% Reduced -11.5k -11,538
26 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 60,08860.1k $5.8m $5.8m 0.01% Added +685 +685
27 Geneos Wealth Management Inc. 0.13% of their portfolio ENGLEWOOD, CO 54,56854.6k $5.3m $5.3m 0.13% Reduced -20.1k -20,108
28 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 49,28249.3k $4.8m $4.8m 0.00% Reduced -6.7k -6,727
29 Austin Private Wealth, LLC 0.37% of their portfolio Austin, TX 49,07749.1k $4.7m $4.7m 0.37% Added +45.4k +45,378
30 CITIZENS FINANCIAL GROUP INC/RI 0.07% of their portfolio PROVIDENCE, RI 48,01548.0k $4.6m $4.6m 0.07% Reduced -3.3k -3,281
31 EVERGREEN CAPITAL MANAGEMENT LLC 0.13% of their portfolio Bellevue, WA 45,93045.9k $4.4m $4.4m 0.13% Added +2.0k +2,039
32 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 45,69645.7k $4.4m $4.4m 0.01% Added +2.4k +2,390
33 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 44,99845.0k $4.3m $4.3m 0.00% Reduced -24.8k -24,822
34 PARK AVENUE SECURITIES LLC 0.04% of their portfolio NEW YORK, NY 43,37043.4k $4.2m $4.2m 0.04% Added +33.9k +33,879
35 Wealthcare Advisory Partners LLC 0.09% of their portfolio WEST CHESTER, PA 42,08642.1k $4.1m $4.1m 0.09% Added +24.9k +24,914
36 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 37,81237.8k $3.6m $3.6m 0.00% Reduced -441 -441
37 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 36,96237.0k $3.6m $3.6m 0.02% Added +29.6k +29,585
38 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 34,21534.2k $3.3m $3.3m 0.01% Added +1.8k +1,814
39 Aspire Private Capital, LLC 0.73% of their portfolio Cornelius, NC 32,46732.5k $3.1m $3.1m 0.73% New
40 Falcon Wealth Planning 0.31% of their portfolio Ontario, CA 32,11732.1k $3.1m $3.1m 0.31% Reduced -3.8k -3,831
41 LANDMARK WEALTH MANAGEMENT, INC. 1.21% of their portfolio NORMAL, IL 29,17029.2k $2.8m $2.8m 1.21% New
42 SMITH, MOORE & CO. 0.23% of their portfolio CLAYTON, MO 28,52928.5k $2.8m $2.8m 0.23% Added +27 +27
43 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 27,87227.9k $2.7m $2.7m 0.01% Reduced -11.2k -11,218
44 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 25,36225.4k $2.4m $2.4m 0.00% Reduced -281 -281
45 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 25,35425.4k $2.4m $2.4m 0.00% Added +15.7k +15,727
46 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 24,84824.8k $2.4m $2.4m 0.00% Added +12.2k +12,153
47 Wealthspire Retirement, LLC 0.16% of their portfolio ALISO VIEJO, CA 24,81624.8k $2.4m $2.4m 0.16% Added +5.6k +5,589
48 Adams Wealth Management 0.45% of their portfolio LOGAN, UT 24,59924.6k $2.4m $2.4m 0.45% Reduced -838 -838
49 CacheTech Inc. 0.44% of their portfolio LOGAN, UT 24,59924.6k $2.4m $2.4m 0.44% Reduced -838 -838
50 Pathstone Holdings, LLC 0.01% of their portfolio ENGLEWOOD, NJ 23,03823.0k $2.2m $2.2m 0.01% Reduced -1.1k -1,085
51 REBALANCE, LLC 0.15% of their portfolio PALO ALTO, CA 22,46722.5k $2.2m $2.2m 0.15% Reduced -12.6k -12,584
52 PHILLIPS FINANCIAL MANAGEMENT, LLC 0.15% of their portfolio FORT WAYNE, IN 21,01321.0k $2.0m $2.0m 0.15% Reduced -902 -902
53 Signal Advisors Wealth, LLC 0.15% of their portfolio DETROIT, MI 20,47120.5k $2.0m $2.0m 0.15% New
54 American Financial Advisors, LLC 0.26% of their portfolio Marietta, GA 19,38919.4k $1.9m $1.9m 0.26% Reduced -279 -279
55 CITY HOLDING CO 0.24% of their portfolio CHARLESTON, WV 18,63018.6k $1.8m $1.8m 0.24% Reduced -40 -40
56 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 18,30218.3k $1.8m $1.8m 0.00% Reduced -167 -167
57 Smallwood Wealth Investment Management, LLC 1.00% of their portfolio RED BANK, NJ 18,21918.2k $1.8m $1.8m 1.00% Added +314 +314
58 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 18,15918.2k $1.8m $1.8m 0.00% Reduced -52 -52
59 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 18,14718.1k $1.8m $1.8m 0.01% Added +13 +13
60 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 17,71317.7k $1.7m $1.7m 0.00% Added +8.0k +7,964
61 Raleigh Capital Management Inc. 0.71% of their portfolio CARY, NC 17,58817.6k $1.7m $1.7m 0.71% Added +17.6k +17,588
62 SBI Securities Co., Ltd. 0.05% of their portfolio TOKYO, M0 17,32317.3k $1.7m $1.7m 0.05% Added +557 +557
63 Omega Financial Group, LLC 0.56% of their portfolio Santa Barbara, CA 16,00116.0k $1.5m $1.5m 0.56% Added +142 +142
64 HARBOUR INVESTMENTS, INC. 0.04% of their portfolio MADISON, WI 15,57415.6k $1.5m $1.5m 0.04% Added +15.4k +15,437
65 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 14,75014.8k $1.4m $1.4m 0.00% Unchanged
66 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 14,51114.5k $1.4m $1.4m 0.00% Added +1.1k +1,127
67 MOLLER WEALTH PARTNERS 0.30% of their portfolio NORTHFIELD, IL 14,07814.1k $1.4m $1.4m 0.30% Reduced -116 -116
68 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 12,90912.9k $1.2m $1.2m 0.00% Added +5.3k +5,301
69 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 12,83012.8k $1.2m $1.2m 0.00% Added +2.1k +2,129
70 Snowden Capital Advisors LLC 0.03% of their portfolio New York, NY 12,15512.2k $1.2m $1.2m 0.03% Reduced -118 -118
71 Atlas Brown,Inc. 0.38% of their portfolio LOUISVILLE, KY 12,14512.1k $1.2m $1.2m 0.38% Reduced -24 -24
72 DAVIDSON TRUST CO 0.53% of their portfolio SEATTLE, WA 11,99912.0k $1.2m $1.2m 0.53% Unchanged
73 Mariner, LLC 0.00% of their portfolio Overland Park, KS 11,99212.0k $1.2m $1.2m 0.00% Added +1.3k +1,337
74 CreativeOne Wealth, LLC 0.03% of their portfolio OVERLAND PARK, KS 11,40811.4k $1.1m $1.1m 0.03% New
75 Destiny Capital Corp/CO 0.66% of their portfolio DENVER, CO 11,35911.4k $1.1m $1.1m 0.66% Reduced -319 -319
76 OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC 0.06% of their portfolio SAN FRANCISCO, CA 10,88710.9k $1.0m $1.0m 0.06% Unchanged
77 Lido Advisors, LLC 0.01% of their portfolio Los Angeles, CA 10,79010.8k $1.0m $1.0m 0.01% Added +4.4k +4,361
78 Avion Wealth 0.23% of their portfolio THE WOODLANDS, TX 10,65210.7k $1.0m $1.0m 0.23% Reduced -3.3k -3,312
79 Savant Capital, LLC 0.01% of their portfolio ROCKFORD, IL 10,56710.6k $1.0m $1.0m 0.01% Added +335 +335
80 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 10,45410.5k $1.0m $1.0m 0.01% Added +10.2k +10,221
81 Tower Research Capital LLC (TRC) 0.03% of their portfolio NEW YORK, NY 10,16310.2k $980.1k $980.1k 0.03% New
82 Valmark Advisers, Inc. 0.01% of their portfolio AKRON, OH 9,4809.5k $914.3k $914.3k 0.01% Reduced -686 -686
83 FLOW TRADERS U.S. LLC 0.03% of their portfolio NEW YORK, NY 9,4559.5k $912.0k $912.0k 0.03% Added +7.4k +7,388
84 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 9,0489.0k $872.5k $872.5k 0.00% Unchanged
85 Gibson Capital, LLC 0.17% of their portfolio WEXFORD, PA 8,9959.0k $867.5k $867.5k 0.17% Unchanged
86 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 8,7958.8k $848.2k $848.2k 0.01% New
87 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 8,7818.8k $846.8k $846.8k 0.00% Unchanged
88 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 8,6418.6k $833.3k $833.3k 0.00% Reduced -49 -49
89 COMERICA BANK 0.00% of their portfolio DALLAS, TX 8,6168.6k $830.9k $830.9k 0.00% Added +55 +55
90 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 8,5758.6k $827.0k $827.0k 0.00% Added +60 +60
91 RICHARDSON FINANCIAL SERVICES INC. 0.53% of their portfolio MEDWAY, MA 8,1428.1k $789.6k $789.6k 0.53% Added +7.4k +7,418
92 Glenmede Investment Management, LP 0.00% of their portfolio PHILADELPHIA, PA 7,8127.8k $753.4k $753.4k 0.00% First filing
93 AXXCESS WEALTH MANAGEMENT, LLC 0.02% of their portfolio CARLSBAD, CA 7,7947.8k $751.6k $751.6k 0.02% New
94 SYNOVUS FINANCIAL CORP 0.01% of their portfolio Columbus, GA 6,8356.8k $660.0k $660.0k 0.01% Added +126 +126
95 NOVUS ADVISORS, LLC 0.99% of their portfolio GREENVILLE, SC 6,7206.7k $648.1k $648.1k 0.99% New
96 CAMELOT TECHNOLOGY ADVISORS, INC. 0.55% of their portfolio SAN FRANCISCO, CA 6,6396.6k $640.2k $640.2k 0.55% Reduced -225 -225
97 Balefire, LLC 0.14% of their portfolio DALLAS, TX 6,5926.6k $635.7k $635.7k 0.14% New
98 GeoWealth Management, LLC 0.02% of their portfolio CHICAGO, IL 6,3326.3k $610.7k $610.7k 0.02% New
99 Clientfirst Wealth Management, LLC 0.62% of their portfolio LITTLE ROCK, AR 6,2526.3k $602.9k $602.9k 0.62% Unchanged
100 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 6,2396.2k $608.7k $608.7k 0.00% Added +451 +451