Vault-13

SPDR SER TR SPTL

PORTFOLIO LN TSR · ETP · CUSIP 78464A664

422 institutional holders -19 vs Q2 2025
391,525,189391.5m shares reported held*
$10.6bnreported value*
49 new 181 added 147 reduced 57 sold out net bought ≈ $665.6m (+24.7m 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 ($45.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $26.95. Options: 1 managers hold calls ($428.5k notional), 1 hold puts ($299.1k).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 274Q4 22: 308Q1 23: 310Q2 23: 336Q3 23: 337Q4 23: 390Q1 24: 392Q2 24: 411Q3 24: 439Q4 24: 462Q1 25: 472Q2 25: 441Q3 25: 422422Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022274
Q4 2022308
Q1 2023310
Q2 2023336
Q3 2023337
Q4 2023390
Q1 2024392
Q2 2024411
Q3 2024439
Q4 2024462
Q1 2025472
Q2 2025441
Q3 2025422

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 219 bought or addedQ4 23: 165 cut or sold outQ1 24: 221 bought or addedQ1 24: 188 cut or sold outQ1 24Q2 24: 267 bought or addedQ2 24: 159 cut or sold outQ3 24: 252 bought or addedQ3 24: 187 cut or sold outQ3 24Q4 24: 217 bought or addedQ4 24: 235 cut or sold outQ1 25: 259 bought or addedQ1 25: 216 cut or sold outQ1 25Q2 25: 223 bought or addedQ2 25: 239 cut or sold outQ3 25: 230 bought or addedQ3 25: 204 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023219165
Q1 2024221188
Q2 2024267159
Q3 2024252187
Q4 2024217235
Q1 2025259216
Q2 2025223239
Q3 2025230204

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ4 24 calls: $1.1mQ4 24 puts: $332.6kQ4 24P/C 0.31Q1 25 calls: $727.8kQ1 25 puts: $517.3kQ1 25P/C 0.71Q2 25 calls: $515.7kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $428.5kQ3 25 puts: $299.1kQ3 25P/C 0.70
Numbers
QuarterCallsPutsP/C
Q4 2024$1.1m$332.6k0.31
Q1 2025$727.8k$517.3k0.71
Q2 2025$515.7k$00.00
Q3 2025$428.5k$299.1k0.70

Biggest buyers

JPMORGAN CHASE & CO Added +7,195,378+7.2m
Cetera Investment Advisers Added +4,230,989+4.2m
Fisher Asset Management, LLC Added +2,639,099+2.6m
Financial Engines Advisors L.L.C. Added +2,595,264+2.6m
Thrivent Financial for Lutherans Added +1,791,947+1.8m
OSAIC HOLDINGS, INC. Added +1,736,485+1.7m
Strategic Wealth Investment Group, LLC Added +1,662,875+1.7m
Farther Finance Advisors, LLC Added +1,127,130+1.1m
MERCER GLOBAL ADVISORS INC /ADV Added +996,287+996.3k
Sanctuary Advisors, LLC Added +736,768+736.8k

Biggest sellers

ROYAL BANK OF CANADA Reduced -1,530,884-1.5m
STATE STREET CORP Reduced -618,556-618.6k
Envestnet Portfolio Solutions, Inc. Reduced -581,154-581.2k
Madison Asset Management, LLC Sold out -558,914-558.9k
HRT FINANCIAL LP Sold out -523,882-523.9k
UBS Group AG Reduced -473,041-473.0k
SCS Capital Management LLC Reduced -436,959-437.0k
Impact Investors, Inc Reduced -276,948-276.9k
RFG Advisory, LLC Reduced -255,448-255.4k
PFG Advisors Reduced -240,800-240.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $428.5k15.9k shares

Biggest puts

CITADEL ADVISORS LLC New $299.1k11.1k 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.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
FMR LLC 13G · institution new · filed 2026-02-05 5.1% new 21.3m≈ $559.2m 2026-02-05

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 STATE STREET CORP 0.06% of their portfolio BOSTON, MA 64,235,53564.2m $1.7bn $1.7bn 0.06% Reduced -618.6k -618,556
2 Fisher Asset Management, LLC 0.59% of their portfolio PLANO, TX 60,589,32260.6m $1.6bn $1.6bn 0.59% Added +2.6m +2,639,099
3 Financial Engines Advisors L.L.C. 2.69% of their portfolio SANTA CLARA, CA 52,212,25552.2m $1.4bn $1.4bn 2.69% Added +2.6m +2,595,264
4 FMR LLC 0.03% of their portfolio BOSTON, MA 20,417,77820.4m $550.3m $550.3m 0.03% Reduced -5.0k -5,034
5 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 13,279,21413.3m $357.9m $357.9m 0.01% Added +7.2m +7,195,378
6 Municipal Employees' Retirement System of Michigan 3.94% of their portfolio LANSING, MI 12,629,57512.6m $340.4m $340.4m 3.94% Unchanged
7 Nan Shan Life Insurance Co., Ltd. 6.27% of their portfolio Taipei City, F5 10,956,90011.0m $295.3m $295.3m 6.27% Unchanged
8 LPL Financial LLC 0.08% of their portfolio FORT MILL, SC 9,905,0489.9m $266.9m $266.9m 0.08% Added +523.1k +523,102
9 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 9,588,3619.6m $258.4m $258.4m 0.02% Added +86.5k +86,547
10 ENVESTNET ASSET MANAGEMENT INC 0.07% of their portfolio Berwyn, PA 8,792,7158.8m $237.0m $237.0m 0.07% Reduced -12.2k -12,201
11 MATHER GROUP, LLC. 2.03% of their portfolio CHICAGO, IL 7,479,0327.5m $201.6m $201.6m 2.03% Added +364.1k +364,081
12 Mirae Asset Global Investments Co., Ltd. 0.56% of their portfolio SEOUL, M5 6,673,4256.7m $179.8m $179.8m 0.56% Reduced -50.8k -50,832
13 Cetera Investment Advisers 0.21% of their portfolio SCHAUMBURG, IL 6,649,3246.6m $179.2m $179.2m 0.21% Added +4.2m +4,230,989
14 GLOBALT Investments LLC / GA 5.16% of their portfolio Atlanta, GA 5,239,2465.2m $141.2m $141.2m 5.16% Reduced -44.8k -44,790
15 ASSETMARK, INC 0.28% of their portfolio CONCORD, CA 4,807,1004.8m $129.6m $129.6m 0.28% Added +32.6k +32,556
16 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 4,060,7644.1m $109.4m $109.4m 0.02% Reduced -82.5k -82,500
17 Avantax Planning Partners, Inc. 3.11% of their portfolio DUBUQUE, IA 4,028,3644.0m $108.6m $108.6m 3.11% Added +190.4k +190,390
18 MASON STREET ADVISORS, LLC 11.07% of their portfolio MILWAUKEE, WI 3,962,6404.0m $106.8m $106.8m 11.07% Added +87.7k +87,740
19 Advocacy Wealth Management, LLC 4.60% of their portfolio ATLANTA, GA 3,931,3853.9m $106.0m $106.0m 4.60% Added +284.2k +284,204
20 STIFEL FINANCIAL CORP 0.09% of their portfolio ST. LOUIS, MO 3,802,8073.8m $102.5m $102.5m 0.09% Added +236.8k +236,809
21 OSAIC HOLDINGS, INC. 0.12% of their portfolio SCOTTSDALE, AZ 3,243,5233.2m $86.6m $86.6m 0.12% Added +1.7m +1,736,485
22 One Day In July LLC 6.68% of their portfolio BURLINGTON, VT 2,929,3922.9m $78.9m $78.9m 6.68% Added +294.9k +294,852
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,658,1182.7m $71.6m $71.6m 0.00% Added +331.4k +331,378
24 CWM, LLC 0.22% of their portfolio OMAHA, NE 2,653,5082.7m $71.5m $71.5m 0.22% Added +195.9k +195,886
25 Destination Wealth Management 1.56% of their portfolio Walnut Creek, CA 2,094,8172.1m $56.5m $56.5m 1.56% Added +34.0k +34,009
26 Thrivent Financial for Lutherans 0.10% of their portfolio Minneapolis, MN 1,824,8701.8m $49.2m $49.2m 0.10% Added +1.8m +1,791,947
27 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,774,0081.8m $47.8m $47.8m 0.01% Added +392.6k +392,616
28 Strategic Wealth Investment Group, LLC 3.98% of their portfolio LOUISVILLE, KY 1,755,6481.8m $47.3m $47.3m 3.98% Added +1.7m +1,662,875
29 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,720,6561.7m $46.4m $46.4m 0.01% Reduced -1.5m -1,530,884
30 Voya Financial Advisors, Inc. 4.39% of their portfolio WINDSOR, CT 1,685,7791.7m $45.5m $45.5m 4.39% Added +103.3k +103,327
31 Sanctuary Advisors, LLC 0.14% of their portfolio INDIANAPOLIS, IN 1,653,1481.7m $44.8m $44.8m 0.14% Added +736.8k +736,768
32 Farther Finance Advisors, LLC 0.66% of their portfolio SAN FRANCISCO, CA 1,613,9381.6m $43.5m $43.5m 0.66% Added +1.1m +1,127,130
33 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,506,5241.5m $40.6m $40.6m 0.01% Added +44.6k +44,610
34 MCMORGAN & CO LLC 5.91% of their portfolio SAN FRANCISCO, CA 1,425,0641.4m $38.4m $38.4m 5.91% Added +396.8k +396,770
35 SOFI WEALTH, LLC 1.90% of their portfolio SAN FRANCISCO, CA 1,307,9731.3m $35.2m $35.2m 1.90% Added +249.9k +249,854
36 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 1,293,6141.3m $34.9m $34.9m 0.02% Reduced -125.0k -125,003
37 AE Wealth Management LLC 0.20% of their portfolio TOPEKA, KS 1,144,2561.1m $30.8m $30.8m 0.20% Added +398.1k +398,075
38 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,097,8101.1m $29.6m $29.6m 0.01% Reduced -473.0k -473,041
39 Ascent Group, LLC 1.04% of their portfolio VIRGINIA BEACH, VA 1,095,3541.1m $29.5m $29.5m 1.04% Added +68.4k +68,389
40 Advisory Alpha, LLC 0.81% of their portfolio HOLLAND, MI 1,082,9281.1m $29.2m $29.2m 0.81% Added +71.3k +71,347
41 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 1,064,1691.1m $28.7m $28.7m 0.04% Reduced -47.6k -47,561
42 McAdam, LLC 1.38% of their portfolio Philadelphia, PA 1,036,5071.0m $27.9m $27.9m 1.38% Added +67.9k +67,870
43 Shepherd Financial Partners LLC 2.61% of their portfolio WINCHESTER, MA 1,018,8871.0m $27.5m $27.5m 2.61% Reduced -70.8k -70,841
44 MERCER GLOBAL ADVISORS INC /ADV 0.05% of their portfolio DENVER, CO 1,006,1061.0m $27.1m $27.1m 0.05% Added +996.3k +996,287
45 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.04% of their portfolio PLYMOUTH, MN 944,912944.9k $25.4m $25.4m 0.04% Added +96.3k +96,347
46 O'Brien Wealth Partners LLC 3.45% of their portfolio Waltham, MA 943,819943.8k $25.4m $25.4m 3.45% Added +25.9k +25,873
47 CFS Investment Advisory Services, LLC 1.85% of their portfolio TOTOWA, NJ 906,354906.4k $24.9m $24.9m 1.85% Added +77.5k +77,513
48 RFG Advisory, LLC 0.46% of their portfolio BIRMINGHAM, AL 822,763822.8k $22.2m $22.2m 0.46% Reduced -255.4k -255,448
49 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 820,588820.6k $22.1m $22.1m 0.00% Added +92.1k +92,129
50 Integrated Wealth Concepts LLC 0.19% of their portfolio WALTHAM, MA 778,071778.1k $21.0m $21.0m 0.19% Added +26.4k +26,400
51 Security Financial Services, INC. 3.36% of their portfolio Fort Wayne, IN 771,412771.4k $20.8m $20.8m 3.36% Added +64.3k +64,263
52 GM Advisory Group, LLC 0.86% of their portfolio MELVILLE, NY 753,627753.6k $20.3m $20.3m 0.86% Reduced -6.4k -6,430
53 Tennessee Valley Asset Management Partners 2.72% of their portfolio KNOXVILLE, TN 744,534744.5k $20.1m $20.1m 2.72% Added +31.0k +31,023
54 Gradient Investments LLC 0.32% of their portfolio ARDEN HILLS, MN 719,462719.5k $19.4m $19.4m 0.32% Added +118.7k +118,741
55 Checchi Capital Advisers, LLC 1.32% of their portfolio BEVERLY HILLS, CA 710,755710.8k $19.2m $19.2m 1.32% Reduced -20.4k -20,391
56 Mariner, LLC 0.02% of their portfolio Overland Park, KS 708,076708.1k $19.1m $19.1m 0.02% Reduced -32.7k -32,729
57 SPINNAKER TRUST 0.96% of their portfolio PORTLAND, ME 644,428644.4k $17.4m $17.4m 0.96% Reduced -6.5k -6,521
58 MA Private Wealth 2.86% of their portfolio SAN CARLOS, CA 630,914630.9k $17.0m $17.0m 2.86% Added +11.7k +11,712
59 Perigon Wealth Management, LLC 0.33% of their portfolio SAN FRANCISCO, CA 597,411597.4k $16.1m $16.1m 0.33% Added +130.5k +130,463
60 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 591,878591.9k $15.9m $15.9m 0.00% Added +129.4k +129,365
61 FLC Capital Advisors 3.06% of their portfolio PALM DESERT, CA 585,854585.9k $15.8m $15.8m 3.06% Added +21.3k +21,267
62 Private Advisor Group, LLC 0.07% of their portfolio MORRISTOWN, NJ 546,392546.4k $14.7m $14.7m 0.07% Reduced -79.6k -79,598
63 LEVEL FOUR ADVISORY SERVICES, LLC 0.48% of their portfolio DALLAS, TX 522,702522.7k $14.1m $14.1m 0.48% Added +28.4k +28,435
64 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 507,581507.6k $13.7m $13.7m 0.04% Added +12.7k +12,653
65 Roberts Financial Services LLC 4.40% of their portfolio MARQUETTE, MI 505,505505.5k $13.6m $13.6m 4.40% Added +29.6k +29,590
66 Stratos Wealth Advisors, LLC 0.61% of their portfolio BEACHWOOD, OH 471,850471.9k $12.7m $12.7m 0.61% Added +168.0k +167,959
67 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 470,680470.7k $12.7m $12.7m 0.01% Reduced -27.6k -27,594
68 Tidal Investments LLC 0.05% of their portfolio Milwaukee, WI 466,580466.6k $12.6m $12.6m 0.05% New
69 PARK AVENUE SECURITIES LLC 0.10% of their portfolio NEW YORK, NY 461,046461.0k $12.4m $12.4m 0.10% Added +25.4k +25,435
70 Manhattan West Asset Management, LLC 2.60% of their portfolio Los Angeles, CA 457,071457.1k $12.3m $12.3m 2.60% Added +42.6k +42,645
71 Vestmark Advisory Solutions, Inc. 0.23% of their portfolio Wakefield, MA 453,616453.6k $12.2m $12.2m 0.23% New
72 ELEVATION POINT WEALTH PARTNERS, LLC 0.83% of their portfolio DENVER, CO 443,762443.8k $12.0m $12.0m 0.83% New
73 Impact Investors, Inc 7.30% of their portfolio SAN FRANCISCO, CA 411,338411.3k $11.1m $11.1m 7.30% Reduced -276.9k -276,948
74 PRINCIPAL SECURITIES, INC. 0.17% of their portfolio DES MOINES, IA 392,451392.5k $10.6m $10.6m 0.17% Added +17.5k +17,452
75 IFG Advisory, LLC 0.48% of their portfolio ATLANTA, GA 391,820391.8k $10.6m $10.6m 0.48% Added +983 +983
76 Mutual Advisors, LLC 0.23% of their portfolio OMAHA, NE 386,824386.8k $10.6m $10.6m 0.23% Added +17.1k +17,132
77 OneDigital Investment Advisors LLC 0.11% of their portfolio OVERLAND PARK, KS 385,342385.3k $10.4m $10.4m 0.11% Reduced -57.8k -57,831
78 High Probability Advisors, LLC 1.33% of their portfolio Pittsford, NY 360,490360.5k $9.7m $9.7m 1.33% Added +23.0k +22,983
79 Gibbs Wealth Management 2.19% of their portfolio Alpharetta, GA 359,628359.6k $9.7m $9.7m 2.19% Added +7.3k +7,256
80 NewEdge Advisors, LLC 0.04% of their portfolio NEW ORLEANS, LA 348,533348.5k $9.4m $9.4m 0.04% Reduced -57.0k -56,994
81 AlphaStar Capital Management, LLC 0.79% of their portfolio CORNELIUS, NC 340,643340.6k $9.2m $9.2m 0.79% Added +222.3k +222,328
82 MOTCO 0.82% of their portfolio SAN ANTONIO, TX 332,356332.4k $9.0m $9.0m 0.82% Reduced -584 -584
83 World Investment Advisors 0.18% of their portfolio LINCROFT, NJ 329,775329.8k $8.9m $8.9m 0.18% Reduced -89.8k -89,849
84 FIRST HORIZON CORP 0.41% of their portfolio MEMPHIS, TN 324,733324.7k $8.8m $8.8m 0.41% First filing
85 Scarborough Advisors, LLC 1.54% of their portfolio ANNAPOLIS, MD 324,675324.7k $8.7m $8.7m 1.54% Added +18.2k +18,171
86 Hobart Private Capital, LLC 1.76% of their portfolio CHARLOTTE, NC 312,463312.5k $8.4m $8.4m 1.76% Added +57.8k +57,781
87 Redwood Investment Management, LLC 0.87% of their portfolio SCOTTSDALE, AZ 297,085297.1k $8.0m $8.0m 0.87% Added +468 +468
88 Robertson Stephens Wealth Management, LLC 0.23% of their portfolio San Francisco, CA 281,998282.0k $7.6m $7.6m 0.23% Reduced -53.9k -53,884
89 Keystone Financial Group 0.57% of their portfolio LEXINGTON, KY 277,990278.0k $7.5m $7.5m 0.57% Added +25.5k +25,514
90 Columbus Macro, LLC 0.85% of their portfolio NEW CASTLE, PA 275,800275.8k $7.4m $7.4m 0.85% Added +725 +725
91 Jump Financial, LLC 0.09% of their portfolio Chicago, IL 270,120270.1k $7.3m $7.3m 0.09% Reduced -82.2k -82,192
92 Permanent Capital Management, LP 1.36% of their portfolio CHICAGO, IL 269,653269.7k $7.3m $7.3m 1.36% First filing
93 Envestnet Portfolio Solutions, Inc. 0.03% of their portfolio BERWYN, PA 267,894267.9k $7.2m $7.2m 0.03% Reduced -581.2k -581,154
94 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 258,764258.8k $7.0m $7.0m 0.01% Added +98.6k +98,579
95 Avidian Wealth Enterprises, LLC 0.26% of their portfolio Houston, TX 251,719251.7k $6.8m $6.8m 0.26% Added +13.0k +13,028
96 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 244,605244.6k $6.6m $6.6m 0.01% Added +10.3k +10,272
97 KM Capital Management Ltd. 3.04% of their portfolio AUSTIN, TX 243,633243.6k $6.6m $6.6m 3.04% Added +86.4k +86,438
98 Austin Private Wealth, LLC 0.50% of their portfolio Austin, TX 242,973243.0k $6.5m $6.5m 0.50% Reduced -41.0k -41,032
99 JOURNEY STRATEGIC WEALTH LLC 0.18% of their portfolio SUMMIT, NJ 242,922242.9k $6.5m $6.5m 0.18% Reduced -11.0k -11,004
100 KWB Wealth 0.71% of their portfolio REDLANDS, CA 240,077240.1k $6.4m $6.4m 0.71% Added +35.6k +35,596