Vault-13

SPDR SER TR RWR

DJ REIT ETF · ETP · CUSIP 78464A607

247 institutional holders -9 vs Q2 2025
11,901,71711.9m shares reported held*
$1.2bnreported value*
24 new 61 added 91 reduced 31 sold out net sold ≈ $50.6m (-504.4k 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 ($2.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $100.30. Options: 4 managers hold calls ($4.2m notional), 2 hold puts ($1.4m).

Trends to Q3 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: 256Q3 25: 247247Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025247

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 23: 110 bought or addedQ4 23: 98 cut or sold outQ1 24: 85 bought or addedQ1 24: 122 cut or sold outQ1 24Q2 24: 100 bought or addedQ2 24: 99 cut or sold outQ3 24: 98 bought or addedQ3 24: 97 cut or sold outQ3 24Q4 24: 104 bought or addedQ4 24: 89 cut or sold outQ1 25: 91 bought or addedQ1 25: 114 cut or sold outQ1 25Q2 25: 103 bought or addedQ2 25: 101 cut or sold outQ3 25: 85 bought or addedQ3 25: 122 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 202311098
Q1 202485122
Q2 202410099
Q3 20249897
Q4 202410489
Q1 202591114
Q2 2025103101
Q3 202585122

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ4 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 0.06Q3 25 calls: $4.2mQ3 25 puts: $1.4mQ3 25P/C 0.34
Numbers
QuarterCallsPutsP/C
Q4 2024$2.7m$1.8m0.68
Q1 2025$10.2m$307.3k0.03
Q2 2025$16.1m$1.0m0.06
Q3 2025$4.2m$1.4m0.34

Biggest buyers

JPMORGAN CHASE & CO Added +669,602+669.6k
MILLENNIUM MANAGEMENT LLC Added +158,152+158.2k
CAPITAL ADVISORS INC/OK New +118,311+118.3k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +105,666+105.7k
EVERGREEN CAPITAL MANAGEMENT LLC Added +50,276+50.3k
BlackRock, Inc. Added +48,458+48.5k
MASON STREET ADVISORS, LLC Added +35,305+35.3k
Vestmark Advisory Solutions, Inc. New +29,636+29.6k
BNP PARIBAS FINANCIAL MARKETS Added +25,270+25.3k
Onyx Bridge Wealth Group LLC New +23,106+23.1k

Biggest sellers

STATE STREET CORP Reduced -375,442-375.4k
NORTHERN TRUST CORP Reduced -293,027-293.0k
LPL Financial LLC Reduced -168,289-168.3k
ASSETMARK, INC Reduced -158,290-158.3k
ENVESTNET ASSET MANAGEMENT INC Reduced -140,766-140.8k
Envestnet Portfolio Solutions, Inc. Reduced -134,805-134.8k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -97,084-97.1k
ROYAL BANK OF CANADA Reduced -73,583-73.6k
Austin Private Wealth, LLC Reduced -44,660-44.7k
NewEdge Advisors, LLC Reduced -29,280-29.3k

Biggest calls

IMC-Chicago, LLC Reduced $2.3m38.2k shares
CITADEL ADVISORS LLC New $1.1m11.2k shares
GROUP ONE TRADING LLC Added $641.7k10.8k shares
JPMORGAN CHASE & CO New $118.8k2.0k shares

Biggest puts

CITADEL ADVISORS LLC New $1.0m10.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $421.2k4.2k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHERN TRUST CORP 0.03% of their portfolio CHICAGO, IL 2,588,7362.6m $259.6m $259.6m 0.03% Reduced -293.0k -293,027
2 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio SAN FRANCISCO, CA 2,092,9672.1m $209.9m $209.9m 0.03% Added +105.7k +105,666
3 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,349,3481.3m $135.3m $135.3m 0.00% Added +669.6k +669,602
4 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 446,509446.5k $44.8m $44.8m 0.01% Reduced -20.9k -20,852
5 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 387,748387.7k $38.9m $38.9m 0.03% Added +158.2k +158,152
6 MASON STREET ADVISORS, LLC 3.70% of their portfolio MILWAUKEE, WI 355,805355.8k $35.7m $35.7m 3.70% Added +35.3k +35,305
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 341,310341.3k $34.2m $34.2m 0.00% Reduced -5.4k -5,380
8 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 319,379319.4k $32.0m $32.0m 0.01% Reduced -168.3k -168,289
9 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 289,024289.0k $29.0m $29.0m 0.02% Reduced -97.1k -97,084
10 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 282,821282.8k $28.4m $28.4m 0.01% Reduced -140.8k -140,766
11 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 273,177273.2k $27.4m $27.4m 0.00% Reduced -6.0k -5,965
12 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 227,728227.7k $22.8m $22.8m 0.03% Added +2.4k +2,365
13 UBS Group AG 0.00% of their portfolio ZURICH, V8 222,271222.3k $22.3m $22.3m 0.00% Reduced -4.4k -4,434
14 BlackRock, Inc. 0.00% of their portfolio New York, NY 206,659206.7k $20.7m $20.7m 0.00% Added +48.5k +48,458
15 Private Advisor Group, LLC 0.06% of their portfolio MORRISTOWN, NJ 131,298131.3k $13.2m $13.2m 0.06% Added +4.4k +4,390
16 PATTON FUND MANAGEMENT, INC. 2.18% of their portfolio New York, NY 120,965121.0k $12.1m $12.1m 2.18% Reduced -1.5k -1,469
17 CAPITAL ADVISORS INC/OK 0.20% of their portfolio TULSA, OK 118,311118.3k $11.9m $11.9m 0.20% New
18 Frederick Financial Consultants, LLC 5.76% of their portfolio FREDERICK, MD 102,426102.4k $10.3m $10.3m 5.76% Added +4.8k +4,810
19 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 100,781100.8k $10.1m $10.1m 0.01% Reduced -2.2k -2,198
20 EVERGREEN CAPITAL MANAGEMENT LLC 0.23% of their portfolio Bellevue, WA 96,20696.2k $9.6m $9.6m 0.23% Added +50.3k +50,276
21 Clearstead Advisors, LLC 0.11% of their portfolio CLEVELAND, OH 78,33278.3k $7.9m $7.9m 0.11% Reduced -5.3k -5,287
22 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 70,26870.3k $7.0m $7.0m 0.01% Added +25.3k +25,270
23 DT Investment Partners, LLC 0.59% of their portfolio CHADDS FORD, PA 70,04270.0k $7.0m $7.0m 0.59% Added +5.5k +5,465
24 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 60,97961.0k $6.1m $6.1m 0.00% Reduced -3.5k -3,489
25 Geneos Wealth Management Inc. 0.15% of their portfolio ENGLEWOOD, CO 58,44758.4k $5.9m $5.9m 0.15% Added +3.9k +3,879
26 Wealthcare Advisory Partners LLC 0.12% of their portfolio WEST CHESTER, PA 57,26857.3k $5.7m $5.7m 0.12% Added +15.2k +15,182
27 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 47,70447.7k $4.8m $4.8m 0.00% Reduced -1.6k -1,578
28 CITIZENS FINANCIAL GROUP INC/RI 0.06% of their portfolio PROVIDENCE, RI 46,20746.2k $4.6m $4.6m 0.06% Reduced -1.8k -1,808
29 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 44,45744.5k $4.5m $4.5m 0.01% Reduced -1.2k -1,239
30 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 39,43839.4k $4.0m $4.0m 0.01% Reduced -20.6k -20,650
31 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 38,52738.5k $3.9m $3.9m 0.01% Added +4.3k +4,312
32 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 37,08937.1k $3.7m $3.7m 0.00% Reduced -723 -723
33 ASSETMARK, INC 0.01% of their portfolio CONCORD, CA 36,85936.9k $3.7m $3.7m 0.01% Reduced -158.3k -158,290
34 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 36,70036.7k $3.7m $3.7m 0.00% Reduced -375.4k -375,442
35 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 34,25334.3k $3.4m $3.4m 0.02% Added +16.1k +16,106
36 Aspire Private Capital, LLC 0.35% of their portfolio Cornelius, NC 32,46732.5k $3.1m $3.1m 0.35% Unchanged
37 Falcon Wealth Planning 0.28% of their portfolio Ontario, CA 31,48631.5k $3.2m $3.2m 0.28% Reduced -631 -631
38 Wealthspire Retirement, LLC 0.19% of their portfolio ALISO VIEJO, CA 29,97630.0k $3.0m $3.0m 0.19% Added +5.2k +5,160
39 Vestmark Advisory Solutions, Inc. 0.06% of their portfolio Wakefield, MA 29,63629.6k $3.0m $3.0m 0.06% New
40 SMITH, MOORE & CO. 0.22% of their portfolio CLAYTON, MO 28,98129.0k $2.9m $2.9m 0.22% Added +452 +452
41 Adams Wealth Management 0.60% of their portfolio LOGAN, UT 27,82627.8k $2.8m $2.8m 0.60% Added +3.2k +3,227
42 CacheTech Inc. 0.56% of their portfolio LOGAN, UT 27,82627.8k $2.8m $2.8m 0.56% Added +3.2k +3,227
43 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 27,38627.4k $2.7m $2.7m 0.00% Reduced -486 -486
44 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 25,07125.1k $2.5m $2.5m 0.00% Reduced -73.6k -73,583
45 Pathstone Holdings, LLC 0.01% of their portfolio ENGLEWOOD, NJ 24,12424.1k $2.4m $2.4m 0.01% Added +1.1k +1,086
46 Onyx Bridge Wealth Group LLC 0.25% of their portfolio TARRYTOWN, NY 23,10623.1k $2.3m $2.3m 0.25% New
47 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 23,07623.1k $2.3m $2.3m 0.00% Reduced -2.3k -2,286
48 REBALANCE, LLC 0.14% of their portfolio PALO ALTO, CA 22,81722.8k $2.3m $2.3m 0.14% Added +350 +350
49 PHILLIPS FINANCIAL MANAGEMENT, LLC 0.14% of their portfolio FORT WAYNE, IN 20,97321.0k $2.1m $2.1m 0.14% Reduced -40 -40
50 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 19,24019.2k $1.9m $1.9m 0.00% Added +938 +938
51 Smallwood Wealth Investment Management, LLC 0.97% of their portfolio RED BANK, NJ 18,90918.9k $1.9m $1.9m 0.97% Added +690 +690
52 CITY HOLDING CO 0.23% of their portfolio CHARLESTON, WV 18,63018.6k $1.9m $1.9m 0.23% Unchanged
53 SBI Securities Co., Ltd. 0.05% of their portfolio TOKYO, M0 18,07018.1k $1.8m $1.8m 0.05% Added +747 +747
54 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 18,06218.1k $1.8m $1.8m 0.00% Reduced -97 -97
55 American Financial Advisors, LLC 0.23% of their portfolio Marietta, GA 17,66917.7k $1.8m $1.8m 0.23% Reduced -1.7k -1,720
56 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 16,42616.4k $1.6m $1.6m 0.00% Added +3.6k +3,596
57 ELEVATION POINT WEALTH PARTNERS, LLC 0.11% of their portfolio DENVER, CO 15,35415.4k $1.5m $1.5m 0.11% New
58 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 15,10715.1k $1.5m $1.5m 0.00% Added +596 +596
59 Omega Financial Group, LLC 0.50% of their portfolio Santa Barbara, CA 14,93414.9k $1.5m $1.5m 0.50% Reduced -1.1k -1,067
60 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 14,77714.8k $1.5m $1.5m 0.01% Reduced -28.6k -28,593
61 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 14,75014.8k $1.5m $1.5m 0.00% Unchanged
62 Envestnet Portfolio Solutions, Inc. 0.01% of their portfolio BERWYN, PA 14,72314.7k $1.5m $1.5m 0.01% Reduced -134.8k -134,805
63 MOLLER WEALTH PARTNERS 0.27% of their portfolio NORTHFIELD, IL 13,10513.1k $1.3m $1.3m 0.27% Reduced -973 -973
64 Snowden Capital Advisors LLC 0.03% of their portfolio New York, NY 12,45412.5k $1.2m $1.2m 0.03% Added +299 +299
65 Atlas Brown,Inc. 0.36% of their portfolio LOUISVILLE, KY 12,15212.2k $1.2m $1.2m 0.36% Added +7 +7
66 DAVIDSON TRUST CO 0.50% of their portfolio SEATTLE, WA 11,99912.0k $1.2m $1.2m 0.50% Unchanged
67 Mariner, LLC 0.00% of their portfolio Overland Park, KS 11,95011.9k $1.2m $1.2m 0.00% Reduced -42 -42
68 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 11,39311.4k $1.1m $1.1m 0.00% Reduced -13.5k -13,455
69 Destiny Capital Corp/CO 0.61% of their portfolio DENVER, CO 11,19011.2k $1.1m $1.1m 0.61% Reduced -169 -169
70 OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC 0.06% of their portfolio SAN FRANCISCO, CA 10,88710.9k $1.1m $1.1m 0.06% Unchanged
71 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 10,60610.6k $1.1m $1.1m 0.00% Reduced -14.7k -14,748
72 Savant Capital, LLC 0.01% of their portfolio ROCKFORD, IL 10,55110.6k $1.1m $1.1m 0.01% Reduced -16 -16
73 Avion Wealth 0.22% of their portfolio THE WOODLANDS, TX 10,17910.2k $1.0m $1.0m 0.22% Reduced -473 -473
74 Valmark Advisers, Inc. 0.01% of their portfolio AKRON, OH 9,6639.7k $969.1k $969.1k 0.01% Added +183 +183
75 Gibson Capital, LLC 0.17% of their portfolio WEXFORD, PA 8,9959.0k $902.1k $902.1k 0.17% Unchanged
76 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 8,9669.0k $899.2k $899.2k 0.00% Reduced -82 -82
77 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 8,7818.8k $880.6k $880.6k 0.00% Unchanged
78 Glenmede Investment Management, LP 0.00% of their portfolio PHILADELPHIA, PA 8,7578.8k $878.2k $878.2k 0.00% Added +945 +945
79 SYNOVUS FINANCIAL CORP 0.01% of their portfolio Columbus, GA 8,5908.6k $862.1k $862.1k 0.01% Added +1.8k +1,755
80 Virtue Capital Management, LLC 0.13% of their portfolio BRENTWOOD, TN 8,1028.1k $837.4k $837.4k 0.13% New
81 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 7,7057.7k $772.7k $772.7k 0.00% Reduced -3.1k -3,085
82 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 7,6827.7k $770.5k $770.5k 0.00% Reduced -29.3k -29,280
83 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 7,0047.0k $702.0k $702.0k 0.00% Reduced -5.9k -5,905
84 SIMON QUICK ADVISORS, LLC 0.03% of their portfolio MORRISTOWN, NJ 6,9426.9k $696.2k $696.2k 0.03% New
85 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 6,8406.8k $686.0k $686.0k 0.00% Reduced -1.7k -1,735
86 CAMELOT TECHNOLOGY ADVISORS, INC. 0.54% of their portfolio SAN FRANCISCO, CA 6,6876.7k $670.7k $670.7k 0.54% Added +48 +48
87 Lee Financial Co 0.08% of their portfolio Dallas, TX 6,6406.6k $666.0k $666.0k 0.08% Added +3.4k +3,405
88 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 6,5576.6k $649.9k $649.9k 0.00% Added +318 +318
89 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 6,3096.3k $632.7k $632.7k 0.00% Reduced -2.3k -2,332
90 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 6,2826.3k $630.0k $630.0k 0.00% Reduced -11.4k -11,431
91 Clientfirst Wealth Management, LLC 0.50% of their portfolio LITTLE ROCK, AR 6,2526.3k $627.0k $627.0k 0.50% Unchanged
92 Lion Street Advisors, LLC 0.24% of their portfolio Austin, TX 6,1806.2k $704.6k $704.6k 0.24% Added +77 +77
93 Strategic Financial Partners, Ltd. 0.27% of their portfolio Bend, OR 5,8805.9k $589.8k $589.8k 0.27% Added +317 +317
94 Key Financial Inc 0.11% of their portfolio WEST CHESTER, PA 5,7305.7k $575.6k $575.6k 0.11% Reduced -500 -500
95 Kohmann Bosshard Financial Services, LLC 0.06% of their portfolio FAIRLAWN, OH 5,7275.7k $574.4k $574.4k 0.06% Unchanged
96 BURKE & HERBERT BANK & TRUST CO 0.12% of their portfolio ALEXANDRIA, VA 5,4465.4k $546.2k $546.2k 0.12% Unchanged
97 AWM CAPITAL, LLC 0.05% of their portfolio Phoenix, AZ 5,3485.3k $536.4k $536.4k 0.05% Unchanged
98 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 4,9615.0k $497.5k $497.5k 0.00% Reduced -21 -21
99 Urban Financial Advisory Corp 0.22% of their portfolio CHICAGO, IL 4,6774.7k $469.1k $469.1k 0.22% Reduced -15 -15
100 Florida Trust Wealth Management Co 0.01% of their portfolio SANIBEL, FL 4,6054.6k $461.8k $461.8k 0.01% Unchanged