Vault-13

SPDR SER TR SPTI

PORTFLI INTRMDIT · ETP · CUSIP 78464A672

388 institutional holders +20 vs Q1 2025
277,090,076277.1m shares reported held*
$8.0bnreported value*
51 new 166 added 125 reduced 33 sold out net bought ≈ $950.6m (+33.0m 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 ($2.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $28.77.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 239Q4 22: 247Q1 23: 268Q2 23: 262Q3 23: 268Q4 23: 315Q1 24: 315Q2 24: 318Q3 24: 333Q4 24: 360Q1 25: 368Q2 25: 388388Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022239
Q4 2022247
Q1 2023268
Q2 2023262
Q3 2023268
Q4 2023315
Q1 2024315
Q2 2024318
Q3 2024333
Q4 2024360
Q1 2025368
Q2 2025388

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 133 bought or addedQ3 23: 131 cut or sold outQ4 23: 167 bought or addedQ4 23: 128 cut or sold outQ4 23Q1 24: 175 bought or addedQ1 24: 147 cut or sold outQ2 24: 149 bought or addedQ2 24: 160 cut or sold outQ2 24Q3 24: 189 bought or addedQ3 24: 127 cut or sold outQ4 24: 173 bought or addedQ4 24: 156 cut or sold outQ4 24Q1 25: 201 bought or addedQ1 25: 165 cut or sold outQ2 25: 217 bought or addedQ2 25: 158 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023133131
Q4 2023167128
Q1 2024175147
Q2 2024149160
Q3 2024189127
Q4 2024173156
Q1 2025201165
Q2 2025217158

Calls vs puts

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

CallsPuts
$0$10k$20k$30kQ3 24 calls: $0Q3 24 puts: $23.2kQ3 24P/C —Q4 24 calls: $0Q4 24 puts: $5.6kQ4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —
Numbers
QuarterCallsPutsP/C
Q3 2024$0$23.2k—
Q4 2024$0$5.6k—
Q1 2025$0$0—
Q2 2025$0$0—

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +11,328,620+11.3m
Richard Bernstein Advisors LLC New +8,248,164+8.2m
LPL Financial LLC Added +5,926,514+5.9m
GLOBALT Investments LLC / GA Added +2,440,938+2.4m
STATE STREET CORP Added +2,412,823+2.4m
Strategic Financial Concepts, LLC New +1,988,240+2.0m
ENVESTNET ASSET MANAGEMENT INC Added +1,748,738+1.7m
Stadion Money Management, LLC New +1,740,550+1.7m
CWM, LLC Added +1,442,203+1.4m
ROYAL BANK OF CANADA Added +1,007,091+1.0m

Biggest sellers

CW Advisors, LLC Reduced -2,561,647-2.6m
UBS Group AG Reduced -2,498,642-2.5m
CX Institutional Reduced -2,024,419-2.0m
JPMORGAN CHASE & CO Reduced -1,356,273-1.4m
Migdal Insurance & Financial Holdings Ltd. Reduced -1,246,252-1.2m
Donoghue Forlines LLC Sold out -988,393-988.4k
Private Advisor Group, LLC Reduced -804,060-804.1k
Steward Partners Investment Advisory, LLC Reduced -578,716-578.7k
WELLS FARGO & COMPANY/MN Reduced -509,926-509.9k
STEPHENS GROUP ASSET MANAGEMENT, LLC Reduced -476,946-476.9k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.42% of their portfolio FORT MILL, SC 44,173,64444.2m $1.3bn $1.3bn 0.42% Added +5.9m +5,926,514
2 Municipal Employees' Retirement System of Michigan 12.42% of their portfolio LANSING, MI 35,861,65335.9m $1.0bn $1.0bn 12.42% Unchanged
3 Financial Engines Advisors L.L.C. 2.05% of their portfolio SANTA CLARA, CA 35,638,40435.6m $1.0bn $1.0bn 2.05% Reduced -124.8k -124,836
4 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 18,216,83718.2m $524.1m $524.1m 0.04% Added +11.3m +11,328,620
5 MATHER GROUP, LLC. 3.18% of their portfolio CHICAGO, IL 10,349,39210.3m $297.8m $297.8m 3.18% Added +245.6k +245,597
6 AMERIPRISE FINANCIAL INC 0.06% of their portfolio MINNEAPOLIS, MN 8,544,3938.5m $245.8m $245.8m 0.06% Added +781.0k +781,029
7 Richard Bernstein Advisors LLC 5.86% of their portfolio NEW YORK, NY 8,248,1648.2m $237.3m $237.3m 5.86% New
8 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 5,724,4955.7m $164.7m $164.7m 0.01% Added +2.4m +2,412,823
9 GLOBALT Investments LLC / GA 6.27% of their portfolio Atlanta, GA 5,687,0925.7m $163.6m $163.6m 6.27% Added +2.4m +2,440,938
10 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 5,259,9545.3m $151.3m $151.3m 0.04% Added +1.7m +1,748,738
11 Merit Financial Group, LLC 1.63% of their portfolio ALPHARETTA, GA 5,089,3195.1m $146.4m $146.4m 1.63% Added +589.9k +589,919
12 CWM, LLC 0.46% of their portfolio OMAHA, NE 4,557,2144.6m $131.1m $131.1m 0.46% Added +1.4m +1,442,203
13 EVERMAY WEALTH MANAGEMENT LLC 13.97% of their portfolio ARLINGTON, VA 3,944,1183.9m $113.5m $113.5m 13.97% Added +118.0k +117,956
14 One Day In July LLC 9.66% of their portfolio BURLINGTON, VT 3,708,2023.7m $106.7m $106.7m 9.66% Added +744.0k +744,031
15 STEPHENS GROUP ASSET MANAGEMENT, LLC 6.10% of their portfolio LITTLE ROCK, AR 2,948,5702.9m $84.8m $84.8m 6.10% Reduced -476.9k -476,946
16 Kingsview Wealth Management, LLC 1.34% of their portfolio GRANTS PASS, OR 2,750,0282.8m $79.1m $79.1m 1.34% Added +28.9k +28,946
17 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 2,693,3422.7m $77.5m $77.5m 0.02% Reduced -509.9k -509,926
18 ASSETMARK, INC 0.17% of their portfolio CONCORD, CA 2,485,5762.5m $71.5m $71.5m 0.17% Added +211.5k +211,476
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,164,8682.2m $62.3m $62.3m 0.00% Added +310.6k +310,588
20 Compton Financial Group, LLC 14.88% of their portfolio TOWSON, MD 1,988,2402.0m $57.2m $57.2m 14.88% Added +180.5k +180,513
21 Strategic Financial Concepts, LLC 8.05% of their portfolio SAN ANTONIO, TX 1,988,2402.0m $57.2m $57.2m 8.05% New
22 MANNING & NAPIER ADVISORS LLC 0.63% of their portfolio Fairport, NY 1,833,1181.8m $52.7m $52.7m 0.63% Added +206.4k +206,391
23 Stadion Money Management, LLC 4.10% of their portfolio WATKINSVILLE, GA 1,740,5501.7m $49.9m $49.9m 4.10% New
24 Carnegie Investment Counsel 0.93% of their portfolio PEPPER PIKE, OH 1,600,5201.6m $46.0m $46.0m 0.93% Added +263.1k +263,108
25 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,516,9201.5m $43.6m $43.6m 0.01% Reduced -2.5m -2,498,642
26 Vestmark Advisory Solutions, Inc. 0.60% of their portfolio Wakefield, MA 1,450,3181.5m $41.7m $41.7m 0.60% Added +779.0k +778,984
27 Cetera Investment Advisers 0.07% of their portfolio SCHAUMBURG, IL 1,427,3771.4m $41.1m $41.1m 0.07% Added +307.0k +307,009
28 O'Brien Wealth Partners LLC 6.32% of their portfolio Waltham, MA 1,399,1961.4m $40.3m $40.3m 6.32% Reduced -3.4k -3,360
29 HighTower Advisors, LLC 0.05% of their portfolio CHICAGO, IL 1,341,0721.3m $38.6m $38.6m 0.05% Added +16.0k +15,985
30 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,312,1361.3m $37.8m $37.8m 0.01% Added +918.7k +918,664
31 VOISARD ASSET MANAGEMENT GROUP, INC. 9.46% of their portfolio Grand Rapids, MI 1,275,5631.3m $36.7m $36.7m 9.46% Added +98.0k +97,994
32 Portland Global Advisors LLC 4.32% of their portfolio PORTLAND, ME 1,274,6931.3m $36.7m $36.7m 4.32% Reduced -6.7k -6,703
33 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,271,2001.3m $36.6m $36.6m 0.00% Added +1.0m +1,007,091
34 Equitable Holdings, Inc. 0.30% of their portfolio NEW YORK, NY 1,251,2201.3m $36.0m $36.0m 0.30% Added +144.4k +144,360
35 Gradient Investments LLC 0.61% of their portfolio ARDEN HILLS, MN 1,153,7611.2m $33.2m $33.2m 0.61% Added +2.6k +2,561
36 SENTINEL PENSION ADVISORS, LLC 5.57% of their portfolio WAKEFIELD, MA 1,151,0151.2m $33.1m $33.1m 5.57% Added +35.7k +35,732
37 Black Diamond Financial, LLC 4.91% of their portfolio TOWSON, MD 1,099,9751.1m $31.6m $31.6m 4.91% Reduced -132.8k -132,784
38 Private Advisor Group, LLC 0.16% of their portfolio MORRISTOWN, NJ 1,040,6931.0m $29.9m $29.9m 0.16% Reduced -804.1k -804,060
39 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 1,037,5581.0m $29.9m $29.9m 0.02% Added +15.2k +15,174
40 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,027,0901.0m $29.5m $29.5m 0.01% Reduced -82.8k -82,828
41 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 1,017,5721.0m $29.3m $29.3m 0.03% Added +125.3k +125,304
42 Wela Strategies, Inc. 11.34% of their portfolio ATLANTA, GA 999,059999.1k $28.7m $28.7m 11.34% Added +3.7k +3,715
43 Concord Wealth Partners 4.02% of their portfolio ABINGDON, VA 959,465959.5k $27.6m $27.6m 4.02% Reduced -2.5k -2,468
44 Concord Asset Management, LLC/VA 4.15% of their portfolio ABINGDON, VA 959,465959.5k $27.6m $27.6m 4.15% Added +51.7k +51,653
45 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 932,751932.8k $26.8m $26.8m 0.04% Added +150.4k +150,417
46 GREAT VALLEY ADVISOR GROUP, INC. 0.57% of their portfolio WILMINGTON, DE 899,660899.7k $25.9m $25.9m 0.57% Added +28.8k +28,843
47 Stratos Wealth Advisors, LLC 1.33% of their portfolio BEACHWOOD, OH 875,726875.7k $25.2m $25.2m 1.33% Added +41.1k +41,053
48 Leicht Financial Planning & Wealth Management, Inc. 11.89% of their portfolio PARSIPPANY, NJ 869,787869.8k $25.0m $25.0m 11.89% Reduced -6.5k -6,465
49 Flagstone Financial Management 6.27% of their portfolio LINCOLN, NE 760,390760.4k $21.9m $21.9m 6.27% Added +49.9k +49,853
50 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 648,687648.7k $18.6m $18.6m 0.03% Added +176.1k +176,135
51 WOODMONT INVESTMENT COUNSEL LLC 1.20% of their portfolio NASHVILLE, TN 630,079630.1k $18.1m $18.1m 1.20% Added +41.3k +41,315
52 Impact Partnership Wealth, LLC 3.25% of their portfolio MARIETTA, GA 613,111613.1k $17.6m $17.6m 3.25% Added +283.2k +283,159
53 Mariner, LLC 0.02% of their portfolio Overland Park, KS 581,684581.7k $16.7m $16.7m 0.02% Reduced -27.0k -27,042
54 Willow Creek Wealth Management Inc. 1.49% of their portfolio Sebastopol, CA 577,473577.5k $16.6m $16.6m 1.49% Added +48.6k +48,577
55 FLAGSHIP HARBOR ADVISORS, LLC 0.76% of their portfolio BOSTON, MA 556,312556.3k $16.0m $16.0m 0.76% Reduced -422.4k -422,382
56 3EDGE Asset Management, LP 0.97% of their portfolio Naples, FL 544,043544.0k $15.6m $15.6m 0.97% Reduced -57.7k -57,736
57 Hobbs Group Advisors, LLC 5.24% of their portfolio COLUMBIA, SC 533,141533.1k $15.3m $15.3m 5.24% Reduced -59.5k -59,484
58 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 524,878524.9k $15.0m $15.0m 0.02% Reduced -25.4k -25,376
59 Melone Private Wealth, LLC 7.60% of their portfolio AUBURN HILLS, MI 517,475517.5k $14.9m $14.9m 7.60% Added +5.0k +5,031
60 GM Advisory Group, LLC 0.71% of their portfolio MELVILLE, NY 499,114499.1k $14.4m $14.4m 0.71% Added +6.4k +6,411
61 S. R. Schill & Associates 10.30% of their portfolio MERCER ISLAND, WA 485,875485.9k $14.0m $14.0m 10.30% Added +7.8k +7,781
62 OneDigital Investment Advisors LLC 0.15% of their portfolio OVERLAND PARK, KS 479,859479.9k $13.8m $13.8m 0.15% Added +4.4k +4,364
63 LEVEL FOUR ADVISORY SERVICES, LLC 0.50% of their portfolio DALLAS, TX 474,150474.1k $13.6m $13.6m 0.50% Added +2.3k +2,257
64 Arjuna Capital 3.59% of their portfolio MANCHESTER, MA 473,352473.4k $13.6m $13.6m 3.59% Reduced -2.7k -2,691
65 Waterloo Capital, L.P. 1.04% of their portfolio AUSTIN, TX 448,306448.3k $12.9m $12.9m 1.04% Added +104.4k +104,392
66 Apriem Advisors 1.36% of their portfolio IRVINE, CA 443,144443.1k $12.7m $12.7m 1.36% Added +2.7k +2,728
67 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 438,644438.6k $12.6m $12.6m 0.02% Added +109.5k +109,456
68 TSFG, LLC 2.22% of their portfolio LAKE FOREST, IL 426,470426.5k $12.3m $12.3m 2.22% Added +49.1k +49,057
69 Certified Advisory Corp 1.27% of their portfolio ALTAMONTE SPRINGS, FL 425,056425.1k $12.2m $12.2m 1.27% Reduced -10.2k -10,178
70 Salomon & Ludwin, LLC 1.19% of their portfolio RICHMOND, VA 420,359420.4k $12.0m $12.0m 1.19% Added +31.9k +31,883
71 Astoria Portfolio Advisors LLC. 3.36% of their portfolio NEW YORK, NY 419,723419.7k $12.0m $12.0m 3.36% Reduced -206.4k -206,370
72 Madison Asset Management, LLC 0.12% of their portfolio MADISON, WI 395,287395.3k $11.4m $11.4m 0.12% New
73 Onyx Bridge Wealth Group LLC 1.49% of their portfolio TARRYTOWN, NY 391,127391.1k $11.3m $11.3m 1.49% Added +203.3k +203,285
74 BANK OF NOVA SCOTIA 0.02% of their portfolio TORONTO, A6 383,755383.8k $11.0m $11.0m 0.02% Added +287.2k +287,191
75 Stratos Wealth Partners, LTD. 0.14% of their portfolio BEACHWOOD, OH 361,406361.4k $10.4m $10.4m 0.14% Added +324.4k +324,352
76 TPG Financial Advisors, LLC 4.07% of their portfolio PORTLAND, OR 353,875353.9k $10.2m $10.2m 4.07% Reduced -49.3k -49,333
77 PARK AVENUE SECURITIES LLC 0.09% of their portfolio NEW YORK, NY 352,058352.1k $10.1m $10.1m 0.09% Reduced -20.8k -20,764
78 Tilson Financial Group, Inc. 3.76% of their portfolio NEW PROVIDENCE, NJ 346,588346.6k $10.0m $10.0m 3.76% Added +676 +676
79 Equita Financial Network, Inc. 3.96% of their portfolio FORT WASHINGTON, PA 346,072346.1k $10.0m $10.0m 3.96% Reduced -5.6k -5,649
80 BRIDGE GENERATIONS WEALTH MANAGEMENT LLC 6.01% of their portfolio South Miami, FL 344,205344.2k $9.9m $9.9m 6.01% Added +11.2k +11,163
81 Capasso Planning Partners LLC 5.40% of their portfolio CHARLESTON, SC 332,095332.1k $9.6m $9.6m 5.40% Reduced -61.4k -61,382
82 Mirae Asset Global Investments Co., Ltd. 0.03% of their portfolio SEOUL, M5 320,000320.0k $9.2m $9.2m 0.03% Added +36.0k +36,000
83 PSI Advisors, LLC 4.47% of their portfolio TAMPA, FL 316,243316.2k $9.1m $9.1m 4.47% Added +260.4k +260,435
84 MATAURO, LLC 1.70% of their portfolio NEW YORK, NY 315,237315.2k $9.1m $9.1m 1.70% Reduced -913 -913
85 PFG Advisors 0.42% of their portfolio Phoenix, AZ 313,152313.2k $9.0m $9.0m 0.42% Added +54.8k +54,816
86 COMERICA BANK 0.03% of their portfolio DALLAS, TX 309,967310.0k $8.9m $8.9m 0.03% Added +9.7k +9,729
87 Synergy Investment Management, LLC 5.13% of their portfolio ALTAMONTE SPRINGS, FL 295,489295.5k $8.5m $8.5m 5.13% Added +112.7k +112,725
88 Eldridge Investment Advisors, Inc. 1.75% of their portfolio MANCHESTER, NH 291,520291.5k $8.4m $8.4m 1.75% Added +56.9k +56,945
89 Fourth Dimension Wealth, LLC 3.54% of their portfolio MIDDLEBURG HEIGHTS, OH 291,103291.1k $8.4m $8.4m 3.54% Added +34.1k +34,068
90 Good Life Advisors, LLC 0.52% of their portfolio READING, PA 289,839289.8k $8.3m $8.3m 0.52% Added +71.9k +71,907
91 Higgins & Schmidt Wealth Strategies LLC 4.55% of their portfolio DENVER, CO 285,468285.5k $8.2m $8.2m 4.55% Added +63.9k +63,858
92 Comprehensive Wealth Management, LLC 6.56% of their portfolio LYNNWOOD, WA 282,997283.0k $8.1m $8.1m 6.56% Reduced -373.7k -373,739
93 IFG Advisory, LLC 0.41% of their portfolio ATLANTA, GA 281,700281.7k $8.1m $8.1m 0.41% Added +5.2k +5,224
94 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 275,517275.5k $7.9m $7.9m 0.02% Added +36.3k +36,319
95 Strategic Financial Partners, Ltd. 3.63% of their portfolio Bend, OR 271,504271.5k $7.8m $7.8m 3.63% Added +195.3k +195,325
96 BERKSHIRE ASSET MANAGEMENT LLC/PA 0.35% of their portfolio WILKES BARRE, PA 269,727269.7k $7.8m $7.8m 0.35% Reduced -408 -408
97 ABOUND FINANCIAL, LLC 3.41% of their portfolio GRANITE BAY, CA 269,473269.5k $7.8m $7.8m 3.41% Reduced -7.8k -7,760
98 INTEGRITY WEALTH ADVISORS, INC. 5.24% of their portfolio Ventura, CA 260,571260.6k $7.5m $7.5m 5.24% Reduced -17.4k -17,358
99 Spectrum Wealth Advisory Group, LLC 3.38% of their portfolio GRANITE BAY, CA 252,251252.3k $7.3m $7.3m 3.38% Reduced -124.4k -124,422
100 Retirement Planning Group, LLC 0.31% of their portfolio LEAWOOD, KS 249,265249.3k $7.2m $7.2m 0.31% Reduced -54.9k -54,873