Vault-13

SPDR SER TR SPAB

PORTFOLIO AGRGTE · ETP · CUSIP 78464A649

528 institutional holders +38 vs Q3 2025
272,367,728272.4m shares reported held*
$7.0bnreported value*
46 new 251 added 151 reduced 32 sold out net bought ≈ $287.1m (+11.1m 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 ($26.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.75.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 391Q4 22: 422Q1 23: 415Q2 23: 417Q3 23: 409Q4 23: 448Q1 24: 440Q2 24: 457Q3 24: 463Q4 24: 503Q1 25: 513Q2 25: 508Q3 25: 490Q4 25: 528528Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022391
Q4 2022422
Q1 2023415
Q2 2023417
Q3 2023409
Q4 2023448
Q1 2024440
Q2 2024457
Q3 2024463
Q4 2024503
Q1 2025513
Q2 2025508
Q3 2025490
Q4 2025528

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 24: 229 bought or addedQ1 24: 222 cut or sold outQ2 24: 235 bought or addedQ2 24: 195 cut or sold outQ2 24Q3 24: 269 bought or addedQ3 24: 175 cut or sold outQ4 24: 247 bought or addedQ4 24: 207 cut or sold outQ4 24Q1 25: 258 bought or addedQ1 25: 233 cut or sold outQ2 25: 257 bought or addedQ2 25: 232 cut or sold outQ2 25Q3 25: 248 bought or addedQ3 25: 225 cut or sold outQ4 25: 297 bought or addedQ4 25: 183 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024229222
Q2 2024235195
Q3 2024269175
Q4 2024247207
Q1 2025258233
Q2 2025257232
Q3 2025248225
Q4 2025297183

Calls vs puts

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

CallsPuts
$0$2k$4k$6k$8kQ1 25 calls: $0Q1 25 puts: $7.7kQ1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$0$7.7k—
Q2 2025$0$0—
Q3 2025$0$0—
Q4 2025$0$0—

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +4,039,547+4.0m
UNITED SERVICES AUTOMOBILE ASSOCIATION New +3,559,006+3.6m
STATE STREET CORP Added +3,353,130+3.4m
LPL Financial LLC Added +1,545,797+1.5m
Corient Private Wealth LP New +1,478,573+1.5m
Donoghue Forlines LLC New +1,272,713+1.3m
CWM, LLC Added +1,197,111+1.2m
CLIFTONLARSONALLEN WEALTH ADVISORS, LLC Added +1,045,991+1.0m
MORGAN STANLEY Added +852,648+852.6k
Cerity Partners LLC Added +604,379+604.4k

Biggest sellers

PARK AVENUE SECURITIES LLC Sold out -1,616,234-1.6m
JPMORGAN CHASE & CO Reduced -1,606,804-1.6m
Sanctuary Advisors, LLC Reduced -1,517,953-1.5m
KWB Wealth Reduced -1,514,732-1.5m
ENVESTNET ASSET MANAGEMENT INC Reduced -1,285,558-1.3m
McNamara Financial Services, Inc. Reduced -1,273,836-1.3m
GREAT VALLEY ADVISOR GROUP, INC. Reduced -1,149,079-1.1m
Aspire Private Capital, LLC Reduced -1,026,959-1.0m
Private Advisor Group, LLC Reduced -849,350-849.4k
US BANCORP \DE\ Reduced -837,003-837.0k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.17% of their portfolio FORT MILL, SC 23,515,36923.5m $605.5m $605.5m 0.17% Added +1.5m +1,545,797
2 CWM, LLC 1.27% of their portfolio OMAHA, NE 18,193,75818.2m $468.5m $468.5m 1.27% Added +1.2m +1,197,111
3 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 5.92% of their portfolio MINNEAPOLIS, MN 15,211,30815.2m $391.7m $391.7m 5.92% Added +1.0m +1,045,991
4 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 12,391,68412.4m $319.1m $319.1m 0.01% Added +3.4m +3,353,130
5 Cerity Partners LLC 0.44% of their portfolio NEW YORK, NY 11,679,29611.7m $300.7m $300.7m 0.44% Added +604.4k +604,379
6 ENVESTNET ASSET MANAGEMENT INC 0.07% of their portfolio Berwyn, PA 9,131,9209.1m $235.1m $235.1m 0.07% Reduced -1.3m -1,285,558
7 RiverFront Investment Group, LLC 3.29% of their portfolio RICHMOND, VA 7,746,4237.7m $199.5m $199.5m 3.29% Reduced -27.5k -27,501
8 Horizon Investments, LLC 2.31% of their portfolio Charlotte, NC 7,087,6097.1m $182.5m $182.5m 2.31% Added +107.9k +107,886
9 EXCHANGE TRADED CONCEPTS, LLC 1.52% of their portfolio Oklahoma City, OK 7,081,5417.1m $182.3m $182.3m 1.52% Added +108.0k +108,031
10 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 4,730,2384.7m $121.8m $121.8m 0.01% Added +4.0m +4,039,547
11 OSAIC HOLDINGS, INC. 0.16% of their portfolio SCOTTSDALE, AZ 4,142,4704.1m $106.7m $106.7m 0.16% Added +25.9k +25,910
12 TOBIAS FINANCIAL ADVISORS, INC. 14.21% of their portfolio Plantation, FL 3,904,9883.9m $100.6m $100.6m 14.21% Added +212.2k +212,237
13 Gradient Investments LLC 1.53% of their portfolio ARDEN HILLS, MN 3,743,7693.7m $96.4m $96.4m 1.53% Reduced -90.8k -90,806
14 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.13% of their portfolio PLYMOUTH, MN 3,698,9303.7m $95.4m $95.4m 0.13% Added +54.0k +53,952
15 UNITED SERVICES AUTOMOBILE ASSOCIATION 5.80% of their portfolio SAN ANTONIO, TX 3,559,0063.6m $91.6m $91.6m 5.80% New
16 Baker Avenue Asset Management, LP 1.96% of their portfolio SAN FRANCISCO, CA 3,301,7553.3m $85.0m $85.0m 1.96% Added +214.8k +214,760
17 UNIVEST FINANCIAL Corp 4.20% of their portfolio SOUDERTON, PA 3,074,6083.1m $79.2m $79.2m 4.20% Reduced -6.1k -6,134
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,813,5842.8m $72.4m $72.4m 0.00% Reduced -1.6m -1,606,804
19 Wealthcare Advisory Partners LLC 1.42% of their portfolio WEST CHESTER, PA 2,798,1352.8m $72.1m $72.1m 1.42% Added +295.4k +295,437
20 RATIONAL ADVISORS, INC. 7.35% of their portfolio San Juan, PR 2,786,1002.8m $71.7m $71.7m 7.35% Reduced -151.2k -151,203
21 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 2,656,0252.7m $68.4m $68.4m 0.02% Added +42.3k +42,340
22 Kingsview Wealth Management, LLC 0.92% of their portfolio GRANTS PASS, OR 2,482,1102.5m $63.9m $63.9m 0.92% Added +169.8k +169,828
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,444,5892.4m $62.9m $62.9m 0.00% Added +852.6k +852,648
24 Great Lakes Retirement, Inc. 6.11% of their portfolio SANDUSKY, OH 2,282,0222.3m $58.8m $58.8m 6.11% Added +75.3k +75,279
25 AlphaStar Capital Management, LLC 4.31% of their portfolio CORNELIUS, NC 2,279,8602.3m $58.7m $58.7m 4.31% Added +350.5k +350,547
26 Equitable Holdings, Inc. 0.39% of their portfolio NEW YORK, NY 2,205,3302.2m $56.8m $56.8m 0.39% Reduced -58.4k -58,430
27 Stratos Investment Management, LLC 2.22% of their portfolio BEACHWOOD, OH 2,154,8282.2m $55.5m $55.5m 2.22% Added +106.7k +106,668
28 Trilogy Capital Inc. 2.47% of their portfolio IRVINE, CA 2,147,4472.1m $55.3m $55.3m 2.47% Added +64.3k +64,265
29 N.E.W. Advisory Services LLC 4.02% of their portfolio DE PERE, WI 2,108,4062.1m $54.3m $54.3m 4.02% Added +304.1k +304,080
30 MAI Capital Management 0.29% of their portfolio INDEPENDENCE, OH 1,931,7431.9m $49.7m $49.7m 0.29% Added +81.5k +81,531
31 NewEdge Advisors, LLC 0.18% of their portfolio NEW ORLEANS, LA 1,880,0611.9m $48.4m $48.4m 0.18% Added +284.3k +284,295
32 Financial Strategies Group, Inc. 8.59% of their portfolio OKEMOS, MI 1,839,8951.8m $47.5m $47.5m 8.59% Added +72.0k +72,000
33 GM Advisory Group, LLC 1.80% of their portfolio MELVILLE, NY 1,783,5701.8m $45.9m $45.9m 1.80% Added +94.2k +94,247
34 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 6.61% of their portfolio BETHLEHEM, PA 1,580,7291.6m $40.7m $40.7m 6.61% Added +23.3k +23,251
35 Corient Private Wealth LP 0.03% of their portfolio MIAMI, FL 1,478,5731.5m $38.1m $38.1m 0.03% New
36 Vestmark Advisory Solutions, Inc. 0.51% of their portfolio Wakefield, MA 1,460,5471.5m $37.6m $37.6m 0.51% Added +570.0k +569,983
37 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 1,447,2291.4m $37.3m $37.3m 0.04% Added +213.4k +213,448
38 Wealth Management Nebraska 4.18% of their portfolio Norfolk, NE 1,419,0031.4m $36.5m $36.5m 4.18% Added +57.6k +57,612
39 GREAT VALLEY ADVISOR GROUP, INC. 0.70% of their portfolio WILMINGTON, DE 1,413,6371.4m $36.4m $36.4m 0.70% Reduced -1.1m -1,149,079
40 Stadion Money Management, LLC 2.83% of their portfolio WATKINSVILLE, GA 1,355,8161.4m $34.9m $34.9m 2.83% Added +20.9k +20,900
41 Sanctuary Advisors, LLC 0.19% of their portfolio INDIANAPOLIS, IN 1,353,1031.4m $34.8m $34.8m 0.19% Reduced -1.5m -1,517,953
42 Apella Capital, LLC 0.68% of their portfolio WEST HARTFORD, CT 1,336,6041.3m $34.4m $34.4m 0.68% Added +263.5k +263,546
43 ARRIEN INVESTMENTS, INC. 19.39% of their portfolio BOISE, ID 1,335,1481.3m $34.4m $34.4m 19.39% Added +130.6k +130,597
44 Convergence Financial, LLC 4.88% of their portfolio COLUMBIA, MO 1,299,0201.3m $33.4m $33.4m 4.88% Added +66.5k +66,452
45 Waverly Advisors, LLC 0.27% of their portfolio BIRMINGHAM, AL 1,277,4801.3m $32.9m $32.9m 0.27% Reduced -386.9k -386,853
46 Donoghue Forlines LLC 10.13% of their portfolio Boston, MA 1,272,7131.3m $32.8m $32.8m 10.13% New
47 Trinity Wealth Management, LLC 12.00% of their portfolio BERWYN, PA 1,265,4731.3m $32.6m $32.6m 12.00% Added +16.4k +16,402
48 LODESTAR PRIVATE ASSET MANAGEMENT LLC 3.24% of their portfolio ALAMO, CA 1,254,2321.3m $32.3m $32.3m 3.24% Added +91.7k +91,650
49 OneDigital Investment Advisors LLC 0.31% of their portfolio OVERLAND PARK, KS 1,222,6471.2m $31.5m $31.5m 0.31% Added +296.2k +296,221
50 SYON CAPITAL LLC 1.55% of their portfolio SAN FRANCISCO, CA 1,208,4521.2m $31.1m $31.1m 1.55% Added +25.4k +25,428
51 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 1,191,1841.2m $30.7m $30.7m 0.02% Added +247.1k +247,135
52 TRUEFG, LLC 8.16% of their portfolio CEDAR PARK, TX 1,180,2991.2m $30.4m $30.4m 8.16% Added +40.5k +40,548
53 Arete Wealth Advisors, LLC 2.10% of their portfolio CHICAGO, IL 1,177,9271.2m $30.3m $30.3m 2.10% Added +50.7k +50,661
54 Mariner, LLC 0.04% of their portfolio Overland Park, KS 1,172,6311.2m $30.2m $30.2m 0.04% Added +26.7k +26,716
55 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,148,4981.1m $29.6m $29.6m 0.01% Reduced -12.4k -12,386
56 Banco Santander, S.A. 0.22% of their portfolio Madrid, U3 1,120,8961.1m $28.9m $28.9m 0.22% Added +3.3k +3,311
57 Americana Partners, LLC 0.79% of their portfolio Houston, TX 1,119,9721.1m $28.8m $28.8m 0.79% Added +37.4k +37,441
58 CUTLER INVESTMENT COUNSEL LLC 2.96% of their portfolio Jacksonville, OR 1,103,3131.1m $28.4m $28.4m 2.96% Added +37.5k +37,478
59 ASSETMARK, INC 0.05% of their portfolio CONCORD, CA 1,046,1631.0m $26.9m $26.9m 0.05% Added +284.7k +284,700
60 Private Advisor Group, LLC 0.12% of their portfolio MORRISTOWN, NJ 1,027,5811.0m $26.5m $26.5m 0.12% Reduced -849.4k -849,350
61 Leading Edge Financial Planning LLC 5.90% of their portfolio KNOXVILLE, TN 1,005,2131.0m $25.9m $25.9m 5.90% Added +94.3k +94,276
62 Clear Creek Financial Management, LLC 2.07% of their portfolio SILVERDALE, WA 986,054986.1k $25.4m $25.4m 2.07% Reduced -207.7k -207,730
63 RESTON WEALTH MANAGEMENT LLC 7.73% of their portfolio Reston, VA 980,752980.8k $25.3m $25.3m 7.73% Added +28.0k +28,016
64 Rockefeller Capital Management L.P. 0.05% of their portfolio NEW YORK, NY 975,100975.1k $25.1m $25.1m 0.05% Added +137.6k +137,611
65 Janney Montgomery Scott LLC 0.06% of their portfolio PHILADELPHIA, PA 968,638968.6k $24.9m $24.9m 0.06% Added +30.0k +29,971
66 Pinnacle Wealth Planning Services, Inc. 2.55% of their portfolio MANSFIELD, OH 947,829947.8k $24.4m $24.4m 2.55% Added +85.1k +85,091
67 WALLER FINANCIAL PLANNING GROUP, INC 5.33% of their portfolio COLUMBUS, OH 931,628931.6k $24.0m $24.0m 5.33% Added +32.0k +32,036
68 Advisory Alpha, LLC 0.65% of their portfolio HOLLAND, MI 931,305931.3k $24.0m $24.0m 0.65% Added +12.3k +12,314
69 WealthPlan Investment Management, LLC 1.51% of their portfolio OMAHA, NE 917,996918.0k $23.6m $23.6m 1.51% Added +60.2k +60,151
70 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 884,043884.0k $22.8m $22.8m 0.01% Added +94.2k +94,173
71 Cambridge Investment Research Advisors, Inc. 0.06% of their portfolio FAIRFIELD, IA 839,980840.0k $21.6m $21.6m 0.06% Added +39.0k +39,020
72 MONETA GROUP INVESTMENT ADVISORS LLC 0.16% of their portfolio ST LOUIS, MO 825,178825.2k $21.2m $21.2m 0.16% Added +3.4k +3,390
73 ELEVATION POINT WEALTH PARTNERS, LLC 0.98% of their portfolio DENVER, CO 786,845786.8k $20.3m $20.3m 0.98% Added +82.6k +82,608
74 Bensler, LLC 2.03% of their portfolio Bellevue, WA 786,255786.3k $20.2m $20.2m 2.03% Reduced -29.1k -29,074
75 MML INVESTORS SERVICES, LLC 0.05% of their portfolio SPRINGFIELD, MA 777,421777.4k $20.0m $20.0m 0.05% Reduced -68.1k -68,131
76 Aspire Private Capital, LLC 4.41% of their portfolio Cornelius, NC 769,496769.5k $19.8m $19.8m 4.41% Reduced -1.0m -1,026,959
77 IHT Wealth Management, LLC 0.48% of their portfolio Chicago, IL 764,509764.5k $19.7m $19.7m 0.48% Reduced -47.7k -47,657
78 Mueller Wealth, LLC 16.23% of their portfolio MISHICOT, WI 761,684761.7k $19.6m $19.6m 16.23% First filing
79 MONEY CONCEPTS CAPITAL CORP 1.09% of their portfolio PALM BEACH GARDENS, FL 756,226756.2k $19.5m $19.5m 1.09% Added +42.8k +42,777
80 Kagan Cocozza Asset Management 13.60% of their portfolio MICKLETON, NJ 742,520742.5k $19.1m $19.1m 13.60% Added +101.9k +101,907
81 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 713,783713.8k $18.4m $18.4m 0.00% Added +54.9k +54,911
82 Weitzel Financial Services, Inc. 6.92% of their portfolio DUBUQUE, IA 694,649694.6k $17.9m $17.9m 6.92% Added +18.9k +18,932
83 MIdWestOne Financial Group, Inc. 1.81% of their portfolio Iowa City, IA 631,343631.3k $16.3m $16.3m 1.81% Added +140.4k +140,396
84 Capital Investment Management, Inc. 5.42% of their portfolio LEES SUMMIT, MO 601,986602.0k $15.5m $15.5m 5.42% First filing
85 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 585,770585.8k $15.1m $15.1m 0.01% Reduced -1.6k -1,625
86 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 572,818572.8k $14.8m $14.8m 0.01% Added +21.5k +21,543
87 Beacon Pointe Advisors, LLC 0.10% of their portfolio NEWPORT BEACH, CA 570,304570.3k $14.7m $14.7m 0.10% Added +24.1k +24,059
88 SigFig Wealth Management, LLC 0.41% of their portfolio SAN FRANCISCO, CA 533,811533.8k $13.8m $13.8m 0.41% Added +25.4k +25,391
89 Golden State Wealth Management, LLC 1.37% of their portfolio SANTA ANA, CA 504,992505.0k $13.0m $13.0m 1.37% Added +556 +556
90 Columbia River Financial Group, LLC 7.95% of their portfolio VANCOUVER, WA 503,360503.4k $13.0m $13.0m 7.95% Added +44.1k +44,097
91 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 490,966491.0k $12.6m $12.6m 0.01% New
92 CHOREO, LLC 0.16% of their portfolio ROCKFORD, IL 490,063490.1k $12.7m $12.7m 0.16% Reduced -47.1k -47,081
93 RFG Advisory, LLC 0.23% of their portfolio BIRMINGHAM, AL 483,255483.3k $12.4m $12.4m 0.23% Reduced -872 -872
94 Gateway Wealth Partners, LLC 1.37% of their portfolio APPLETON, WI 476,536476.5k $12.3m $12.3m 1.37% Added +89.3k +89,347
95 Advisory Resource Group 2.15% of their portfolio Tulsa, OK 474,308474.3k $12.2m $12.2m 2.15% Added +26.0k +25,991
96 Cyr Financial Inc. 7.57% of their portfolio HENNEPIN, IL 471,228471.2k $12.1m $12.1m 7.57% Added +89.8k +89,755
97 Copley Financial Group, Inc. 7.42% of their portfolio SAN DIEGO, CA 465,481465.5k $12.0m $12.0m 7.42% Reduced -27.3k -27,277
98 Rochester Wealth Strategies, LLC 7.36% of their portfolio ROCHESTER, MI 455,432455.4k $11.7m $11.7m 7.36% Added +30.6k +30,557
99 Financial Planning Fort Collins, LLC 10.23% of their portfolio FORT COLLINS, CO 452,243452.2k $11.6m $11.6m 10.23% First filing
100 Stewardship Advisors, LLC 2.61% of their portfolio MOUNT JOY, PA 438,992439.0k $11.3m $11.3m 2.61% Reduced -161.6k -161,625