Vault-13

SPDR SER TR SPTL

PORTFOLIO LN TSR · ETP · CUSIP 78464A664

482 institutional holders +60 vs Q3 2025
349,818,714349.8m shares reported held*
$9.3bnreported value*
71 new 193 added 147 reduced 33 sold out net sold ≈ $1.1bn (-43.2m 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 ($46.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $26.47. Options: 2 managers hold calls ($2.4m notional), 0 hold puts (—).

Trends to Q4 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: 422Q4 25: 482482Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025482

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 24: 221 bought or addedQ1 24: 188 cut or sold outQ2 24: 267 bought or addedQ2 24: 159 cut or sold outQ2 24Q3 24: 252 bought or addedQ3 24: 187 cut or sold outQ4 24: 217 bought or addedQ4 24: 235 cut or sold outQ4 24Q1 25: 259 bought or addedQ1 25: 216 cut or sold outQ2 25: 223 bought or addedQ2 25: 239 cut or sold outQ2 25Q3 25: 230 bought or addedQ3 25: 204 cut or sold outQ4 25: 264 bought or addedQ4 25: 180 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024221188
Q2 2024267159
Q3 2024252187
Q4 2024217235
Q1 2025259216
Q2 2025223239
Q3 2025230204
Q4 2025264180

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ1 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 0.70Q4 25 calls: $2.4mQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$727.8k$517.3k0.71
Q2 2025$515.7k$00.00
Q3 2025$428.5k$299.1k0.70
Q4 2025$2.4m$00.00

Biggest buyers

STATE STREET CORP Added +8,902,135+8.9m
Municipal Employees' Retirement System of Michigan Added +2,767,751+2.8m
LPL Financial LLC Added +2,205,261+2.2m
Financial Engines Advisors L.L.C. Added +2,027,723+2.0m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +1,319,951+1.3m
Envestnet Portfolio Solutions, Inc. Added +1,267,676+1.3m
ENVESTNET ASSET MANAGEMENT INC Added +1,257,796+1.3m
Stratos Wealth Advisors, LLC Added +1,028,922+1.0m
ASSETMARK, INC Added +989,384+989.4k
FMR LLC Added +903,101+903.1k

Biggest sellers

Fisher Asset Management, LLC Reduced -59,477,965-59.5m
JPMORGAN CHASE & CO Reduced -7,432,740-7.4m
Sanctuary Advisors, LLC Reduced -705,305-705.3k
Strategic Wealth Investment Group, LLC Reduced -651,472-651.5k
Mirae Asset Global Investments Co., Ltd. Reduced -599,950-600.0k
OSAIC HOLDINGS, INC. Reduced -486,353-486.4k
STIFEL FINANCIAL CORP Reduced -482,013-482.0k
Tidal Investments LLC Sold out -466,580-466.6k
Ascent Group, LLC Reduced -376,626-376.6k
CITADEL ADVISORS LLC Sold out -244,605-244.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.2m45.1k shares
JANE STREET GROUP, LLC New $1.2m44.3k shares

Biggest puts

None

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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 STATE STREET CORP 0.06% of their portfolio BOSTON, MA 73,137,67073.1m $1.9bn $1.9bn 0.06% Added +8.9m +8,902,135
2 Financial Engines Advisors L.L.C. 2.72% of their portfolio SANTA CLARA, CA 54,239,97854.2m $1.4bn $1.4bn 2.72% Added +2.0m +2,027,723
3 FMR LLC 0.03% of their portfolio BOSTON, MA 21,320,87921.3m $564.4m $564.4m 0.03% Added +903.1k +903,101
4 Municipal Employees' Retirement System of Michigan 4.61% of their portfolio LANSING, MI 15,397,32615.4m $407.6m $407.6m 4.61% Added +2.8m +2,767,751
5 LPL Financial LLC 0.09% of their portfolio FORT MILL, SC 12,110,30912.1m $320.6m $320.6m 0.09% Added +2.2m +2,205,261
6 Nan Shan Life Insurance Co., Ltd. 8.92% of their portfolio Taipei City, F5 10,956,90011.0m $290.0m $290.0m 8.92% Unchanged
7 ENVESTNET ASSET MANAGEMENT INC 0.08% of their portfolio Berwyn, PA 10,050,51110.1m $266.0m $266.0m 0.08% Added +1.3m +1,257,796
8 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 9,603,8909.6m $254.2m $254.2m 0.02% Added +15.5k +15,529
9 MATHER GROUP, LLC. 2.12% of their portfolio CHICAGO, IL 7,780,5167.8m $206.0m $206.0m 2.12% Added +301.5k +301,484
10 Cetera Investment Advisers 0.20% of their portfolio SCHAUMBURG, IL 6,780,4756.8m $179.5m $179.5m 0.20% Added +131.2k +131,151
11 Mirae Asset Global Investments Co., Ltd. 0.45% of their portfolio SEOUL, M5 6,073,4756.1m $160.8m $160.8m 0.45% Reduced -600.0k -599,950
12 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 5,846,4745.8m $154.8m $154.8m 0.01% Reduced -7.4m -7,432,740
13 ASSETMARK, INC 0.31% of their portfolio CONCORD, CA 5,796,4845.8m $153.4m $153.4m 0.31% Added +989.4k +989,384
14 GLOBALT Investments LLC / GA 4.90% of their portfolio Atlanta, GA 5,076,4035.1m $134.4m $134.4m 4.90% Reduced -162.8k -162,843
15 Avantax Planning Partners, Inc. 3.10% of their portfolio DUBUQUE, IA 4,191,1064.2m $110.9m $110.9m 3.10% Added +162.7k +162,742
16 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 4,003,3594.0m $106.0m $106.0m 0.02% Reduced -57.4k -57,405
17 MASON STREET ADVISORS, LLC 10.41% of their portfolio MILWAUKEE, WI 3,997,6804.0m $105.8m $105.8m 10.41% Added +35.0k +35,040
18 Advocacy Wealth Management, LLC 4.24% of their portfolio ATLANTA, GA 3,827,6693.8m $101.3m $101.3m 4.24% Reduced -103.7k -103,716
19 STIFEL FINANCIAL CORP 0.08% of their portfolio ST. LOUIS, MO 3,320,7943.3m $87.9m $87.9m 0.08% Reduced -482.0k -482,013
20 One Day In July LLC 7.02% of their portfolio BURLINGTON, VT 3,229,8593.2m $85.5m $85.5m 7.02% Added +300.5k +300,467
21 OSAIC HOLDINGS, INC. 0.11% of their portfolio SCOTTSDALE, AZ 2,757,1702.8m $73.0m $73.0m 0.11% Reduced -486.4k -486,353
22 CWM, LLC 0.20% of their portfolio OMAHA, NE 2,750,1272.8m $72.8m $72.8m 0.20% Added +96.6k +96,619
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,665,5852.7m $70.6m $70.6m 0.00% Added +7.5k +7,467
24 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.04% of their portfolio MILWAUKEE, WI 2,613,5652.6m $69.2m $69.2m 0.04% Added +1.3m +1,319,951
25 Farther Finance Advisors, LLC 0.66% of their portfolio SAN FRANCISCO, CA 2,333,3302.3m $61.8m $61.8m 0.66% Added +719.4k +719,392
26 Destination Wealth Management 1.48% of their portfolio Walnut Creek, CA 2,133,1472.1m $56.5m $56.5m 1.48% Added +38.3k +38,330
27 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,832,3361.8m $48.5m $48.5m 0.01% Added +58.3k +58,328
28 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,712,6841.7m $45.3m $45.3m 0.01% Reduced -8.0k -7,972
29 Thrivent Financial for Lutherans 0.08% of their portfolio Minneapolis, MN 1,594,8121.6m $42.5m $42.5m 0.08% Reduced -230.1k -230,058
30 Voya Financial Advisors, Inc. 4.03% of their portfolio WINDSOR, CT 1,573,6111.6m $42.0m $42.0m 4.03% Reduced -112.2k -112,168
31 Envestnet Portfolio Solutions, Inc. 0.14% of their portfolio BERWYN, PA 1,535,5701.5m $40.6m $40.6m 0.14% Added +1.3m +1,267,676
32 Stratos Wealth Advisors, LLC 1.92% of their portfolio BEACHWOOD, OH 1,500,7721.5m $39.7m $39.7m 1.92% Added +1.0m +1,028,922
33 MCMORGAN & CO LLC 6.41% of their portfolio SAN FRANCISCO, CA 1,461,1011.5m $38.7m $38.7m 6.41% Added +36.0k +36,037
34 SOFI WEALTH, LLC 1.87% of their portfolio SAN FRANCISCO, CA 1,415,8281.4m $37.5m $37.5m 1.87% Added +107.9k +107,855
35 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,327,8931.3m $35.1m $35.1m 0.01% Reduced -178.6k -178,631
36 AE Wealth Management LLC 0.18% of their portfolio TOPEKA, KS 1,197,1041.2m $31.7m $31.7m 0.18% Added +52.8k +52,848
37 McAdam, LLC 1.39% of their portfolio Philadelphia, PA 1,147,0291.1m $30.4m $30.4m 1.39% Added +110.5k +110,522
38 Fisher Asset Management, LLC 0.01% of their portfolio PLANO, TX 1,111,3571.1m $29.4m $29.4m 0.01% Reduced -59.5m -59,477,965
39 Strategic Wealth Investment Group, LLC 3.59% of their portfolio LOUISVILLE, KY 1,104,1761.1m $29.2m $29.2m 3.59% Reduced -651.5k -651,472
40 Advisory Alpha, LLC 0.79% of their portfolio HOLLAND, MI 1,095,1761.1m $29.0m $29.0m 0.79% Added +12.2k +12,248
41 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,077,9381.1m $28.5m $28.5m 0.01% Reduced -19.9k -19,872
42 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 1,063,4331.1m $28.1m $28.1m 0.04% Reduced -736 -736
43 MERCER GLOBAL ADVISORS INC /ADV 0.04% of their portfolio DENVER, CO 977,357977.4k $25.9m $25.9m 0.04% Reduced -28.7k -28,749
44 Sanctuary Advisors, LLC 0.14% of their portfolio INDIANAPOLIS, IN 947,843947.8k $25.1m $25.1m 0.14% Reduced -705.3k -705,305
45 Shepherd Financial Partners LLC 2.31% of their portfolio WINCHESTER, MA 943,628943.6k $25.0m $25.0m 2.31% Reduced -75.3k -75,259
46 O'Brien Wealth Partners LLC 3.25% of their portfolio Waltham, MA 928,154928.2k $24.6m $24.6m 3.25% Reduced -15.7k -15,665
47 Integrated Wealth Concepts LLC 0.29% of their portfolio WALTHAM, MA 925,275925.3k $24.5m $24.5m 0.29% Added +147.2k +147,204
48 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.03% of their portfolio PLYMOUTH, MN 896,414896.4k $23.8m $23.8m 0.03% Reduced -48.5k -48,498
49 GM Advisory Group, LLC 0.86% of their portfolio MELVILLE, NY 826,197826.2k $21.9m $21.9m 0.86% Added +72.6k +72,570
50 CFS Investment Advisory Services, LLC 1.56% of their portfolio TOTOWA, NJ 807,954808.0k $21.4m $21.4m 1.56% Reduced -98.4k -98,400
51 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 802,945802.9k $21.3m $21.3m 0.00% Reduced -17.6k -17,643
52 Tennessee Valley Asset Management Partners 2.69% of their portfolio KNOXVILLE, TN 785,170785.2k $20.8m $20.8m 2.69% Added +40.6k +40,636
53 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 781,408781.4k $20.7m $20.7m 0.00% Added +189.5k +189,530
54 Gradient Investments LLC 0.32% of their portfolio ARDEN HILLS, MN 752,071752.1k $19.9m $19.9m 0.32% Added +32.6k +32,609
55 Checchi Capital Advisers, LLC 1.29% of their portfolio BEVERLY HILLS, CA 718,922718.9k $19.0m $19.0m 1.29% Added +8.2k +8,167
56 Ascent Group, LLC 0.65% of their portfolio VIRGINIA BEACH, VA 718,728718.7k $19.0m $19.0m 0.65% Reduced -376.6k -376,626
57 Private Advisor Group, LLC 0.09% of their portfolio MORRISTOWN, NJ 707,886707.9k $18.7m $18.7m 0.09% Added +161.5k +161,494
58 Security Financial Services, INC. 2.89% of their portfolio Fort Wayne, IN 694,955695.0k $18.4m $18.4m 2.89% Reduced -76.5k -76,457
59 RFG Advisory, LLC 0.33% of their portfolio BIRMINGHAM, AL 669,198669.2k $17.7m $17.7m 0.33% Reduced -153.6k -153,565
60 MA Private Wealth 2.94% of their portfolio SAN CARLOS, CA 665,022665.0k $17.6m $17.6m 2.94% Added +34.1k +34,108
61 Mariner, LLC 0.02% of their portfolio Overland Park, KS 662,150662.1k $17.5m $17.5m 0.02% Reduced -45.9k -45,926
62 SPINNAKER TRUST 0.93% of their portfolio PORTLAND, ME 654,251654.3k $17.3m $17.3m 0.93% Added +9.8k +9,823
63 PARK AVENUE SECURITIES LLC 0.14% of their portfolio NEW YORK, NY 614,926614.9k $16.3m $16.3m 0.14% Added +153.9k +153,880
64 FLC Capital Advisors 2.99% of their portfolio PALM DESERT, CA 611,533611.5k $16.2m $16.2m 2.99% Added +25.7k +25,679
65 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 539,883539.9k $14.3m $14.3m 0.04% Added +32.3k +32,302
66 LEVEL FOUR ADVISORY SERVICES, LLC 0.46% of their portfolio DALLAS, TX 535,492535.5k $14.2m $14.2m 0.46% Added +12.8k +12,790
67 Roberts Financial Services LLC 4.36% of their portfolio MARQUETTE, MI 524,738524.7k $13.9m $13.9m 4.36% Added +19.2k +19,233
68 Perigon Wealth Management, LLC 0.25% of their portfolio SAN FRANCISCO, CA 518,601518.6k $13.7m $13.7m 0.25% Reduced -78.8k -78,810
69 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 512,747512.7k $13.6m $13.6m 0.01% Added +42.1k +42,067
70 NewEdge Advisors, LLC 0.05% of their portfolio NEW ORLEANS, LA 491,675491.7k $13.0m $13.0m 0.05% Added +143.1k +143,142
71 Manhattan West Asset Management, LLC 2.65% of their portfolio Los Angeles, CA 488,720488.7k $12.9m $12.9m 2.65% Added +31.6k +31,649
72 Austin Private Wealth, LLC 0.95% of their portfolio Austin, TX 480,303480.3k $12.7m $12.7m 0.95% Added +237.3k +237,330
73 Vestmark Advisory Solutions, Inc. 0.17% of their portfolio Wakefield, MA 476,919476.9k $12.6m $12.6m 0.17% Added +23.3k +23,303
74 Impact Investors, Inc 8.67% of their portfolio SAN FRANCISCO, CA 472,247472.2k $12.5m $12.5m 8.67% Added +60.9k +60,909
75 ELEVATION POINT WEALTH PARTNERS, LLC 0.58% of their portfolio DENVER, CO 452,965453.0k $12.0m $12.0m 0.58% Added +9.2k +9,203
76 PRINCIPAL SECURITIES, INC. 0.17% of their portfolio DES MOINES, IA 427,435427.4k $11.3m $11.3m 0.17% Added +35.0k +34,984
77 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 414,508414.5k $11.0m $11.0m 0.00% New
78 Avos Capital Management, LLC 4.64% of their portfolio SEATTLE, WA 400,989401.0k $10.6m $10.6m 4.64% New
79 Quadrature Capital Ltd 0.11% of their portfolio LONDON, X0 395,726395.7k $10.5m $10.5m 0.11% New
80 World Investment Advisors 0.16% of their portfolio LINCROFT, NJ 372,608372.6k $9.9m $9.9m 0.16% Added +42.8k +42,833
81 Tower Research Capital LLC (TRC) 0.24% of their portfolio NEW YORK, NY 369,999370.0k $9.8m $9.8m 0.24% New
82 Appalachian Capital Management Ltd 7.61% of their portfolio ST CLAIRSVILLE, OH 358,812358.8k $9.5m $9.5m 7.61% First filing
83 OneDigital Investment Advisors LLC 0.09% of their portfolio OVERLAND PARK, KS 349,307349.3k $9.2m $9.2m 0.09% Reduced -36.0k -36,035
84 Ancora Advisors LLC 0.19% of their portfolio Cleveland, OH 340,581340.6k $9.0m $9.0m 0.19% Added +109.9k +109,872
85 Mutual Advisors, LLC 0.19% of their portfolio OMAHA, NE 339,852339.9k $9.0m $9.0m 0.19% Reduced -47.0k -46,972
86 MOTCO 0.81% of their portfolio SAN ANTONIO, TX 336,170336.2k $8.9m $8.9m 0.81% Added +3.8k +3,814
87 Scarborough Advisors, LLC 1.50% of their portfolio ANNAPOLIS, MD 335,246335.2k $8.9m $8.9m 1.50% Added +10.6k +10,571
88 Gibbs Wealth Management 2.16% of their portfolio Alpharetta, GA 334,799334.8k $8.9m $8.9m 2.16% Reduced -24.8k -24,829
89 Redwood Investment Management, LLC 0.99% of their portfolio SCOTTSDALE, AZ 332,977333.0k $8.8m $8.8m 0.99% Added +35.9k +35,892
90 Hobart Private Capital, LLC 1.58% of their portfolio CHARLOTTE, NC 305,798305.8k $8.1m $8.1m 1.58% Reduced -6.7k -6,665
91 IFG Advisory, LLC 0.35% of their portfolio ATLANTA, GA 303,560303.6k $8.0m $8.0m 0.35% Reduced -88.3k -88,260
92 Equitable Holdings, Inc. 0.05% of their portfolio NEW YORK, NY 302,348302.3k $8.0m $8.0m 0.05% Added +169.1k +169,085
93 Kingsview Wealth Management, LLC 0.11% of their portfolio GRANTS PASS, OR 290,610290.6k $7.7m $7.7m 0.11% Added +262.2k +262,230
94 High Probability Advisors, LLC 1.02% of their portfolio Pittsford, NY 288,285288.3k $7.6m $7.6m 1.02% Reduced -72.2k -72,205
95 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.05% of their portfolio IRVING, TX 286,819286.8k $7.6m $7.6m 0.05% New
96 Permanent Capital Management, LP 1.44% of their portfolio CHICAGO, IL 279,198279.2k $7.4m $7.4m 1.44% Added +9.5k +9,545
97 AXXCESS WEALTH MANAGEMENT, LLC 0.12% of their portfolio CARLSBAD, CA 263,357263.4k $7.0m $7.0m 0.12% Added +165.7k +165,749
98 Avidian Wealth Enterprises, LLC 0.25% of their portfolio Houston, TX 259,171259.2k $6.9m $6.9m 0.25% Added +7.5k +7,452
99 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 256,655256.7k $6.8m $6.8m 0.01% Added +149.9k +149,908
100 Summit Trail Advisors, LLC 0.12% of their portfolio NEW YORK, NY 255,224255.2k $6.8m $6.8m 0.12% Added +230.1k +230,099