Vault-13

SPDR SER TR SDY

S&P DIVID ETF · ETP · CUSIP 78464A763

1,179 institutional holders -18 vs Q4 2024
64,806,33364.8m shares reported held*
$8.8bnreported value*
59 new 320 added 482 reduced 70 sold out net sold ≈ $333.7m (-2.4m 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 ($9.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $135.94. Options: 2 managers hold calls ($6.5m notional), 3 hold puts ($5.3m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,031Q4 22: 1,126Q1 23: 1,108Q2 23: 1,098Q3 23: 1,053Q4 23: 1,125Q1 24: 1,115Q2 24: 1,107Q3 24: 1,159Q4 24: 1,197Q1 25: 1,1791,179Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 20221,031
Q4 20221,126
Q1 20231,108
Q2 20231,098
Q3 20231,053
Q4 20231,125
Q1 20241,115
Q2 20241,107
Q3 20241,159
Q4 20241,197
Q1 20251,179

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ2 23: 366 bought or addedQ2 23: 499 cut or sold outQ3 23: 372 bought or addedQ3 23: 484 cut or sold outQ3 23Q4 23: 368 bought or addedQ4 23: 526 cut or sold outQ1 24: 362 bought or addedQ1 24: 559 cut or sold outQ1 24Q2 24: 370 bought or addedQ2 24: 508 cut or sold outQ3 24: 395 bought or addedQ3 24: 492 cut or sold outQ3 24Q4 24: 415 bought or addedQ4 24: 470 cut or sold outQ1 25: 379 bought or addedQ1 25: 552 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023366499
Q3 2023372484
Q4 2023368526
Q1 2024362559
Q2 2024370508
Q3 2024395492
Q4 2024415470
Q1 2025379552

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ2 24 calls: $5.5mQ2 24 puts: $2.2mQ2 24P/C 0.40Q3 24 calls: $7.2mQ3 24 puts: $6.5mQ3 24P/C 0.90Q4 24 calls: $5.5mQ4 24 puts: $4.8mQ4 24P/C 0.87Q1 25 calls: $6.5mQ1 25 puts: $5.3mQ1 25P/C 0.81
Numbers
QuarterCallsPutsP/C
Q2 2024$5.5m$2.2m0.40
Q3 2024$7.2m$6.5m0.90
Q4 2024$5.5m$4.8m0.87
Q1 2025$6.5m$5.3m0.81

Biggest buyers

Orion Portfolio Solutions, LLC Added +205,607+205.6k
MORGAN STANLEY Added +78,397+78.4k
JONES FINANCIAL COMPANIES LLLP Added +74,616+74.6k
Rockefeller Capital Management L.P. Added +51,905+51.9k
IEQ CAPITAL, LLC Added +46,738+46.7k
Joel Isaacson & Co., LLC Added +41,613+41.6k
TOWNSQUARE CAPITAL LLC Added +41,273+41.3k
AVALON CAPITAL MANAGEMENT New +40,578+40.6k
Connecticut Wealth Management, LLC New +38,970+39.0k
Merit Financial Group, LLC Added +32,591+32.6k

Biggest sellers

ASSETMARK, INC Reduced -435,638-435.6k
Janney Montgomery Scott LLC Reduced -376,184-376.2k
JPMORGAN CHASE & CO Reduced -234,897-234.9k
BANK OF AMERICA CORP /DE/ Reduced -179,797-179.8k
Independent Advisor Alliance Reduced -174,677-174.7k
Private Advisor Group, LLC Reduced -137,554-137.6k
UBS Group AG Reduced -135,373-135.4k
Focus Partners Wealth Reduced -113,802-113.8k
Regent Peak Wealth Advisors LLC Reduced -112,823-112.8k
LPL Financial LLC Reduced -99,669-99.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.8m27.8k shares
CITADEL ADVISORS LLC Reduced $2.7m20.2k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.1m30.3k shares
CITADEL ADVISORS LLC Reduced $909.1k6.7k shares
Quaker Wealth Management, LLC First filing $245.7k1.8k 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, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.09% of their portfolio CHARLOTTE, NC 7,536,8077.5m $1.0bn $1.0bn 0.09% Reduced -179.8k -179,797
2 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 4,865,7564.9m $660.2m $660.2m 0.05% Added +78.4k +78,397
3 RAYMOND JAMES FINANCIAL INC 0.15% of their portfolio ST. PETERSBURG, FL 3,013,8513.0m $408.9m $408.9m 0.15% Added +3.6k +3,580
4 LPL Financial LLC 0.15% of their portfolio FORT MILL, SC 2,762,0252.8m $374.8m $374.8m 0.15% Reduced -99.7k -99,669
5 Joel Isaacson & Co., LLC 15.73% of their portfolio NEW YORK, NY 2,558,2582.6m $347.1m $347.1m 15.73% Added +41.6k +41,613
6 ROYAL BANK OF CANADA 0.07% of their portfolio TORONTO, A6 2,371,5612.4m $321.8m $321.8m 0.07% Added +20.6k +20,594
7 WELLS FARGO & COMPANY/MN 0.07% of their portfolio SAN FRANCISCO, CA 2,033,0602.0m $275.8m $275.8m 0.07% Reduced -70.5k -70,461
8 AMERIPRISE FINANCIAL INC 0.06% of their portfolio MINNEAPOLIS, MN 1,664,9951.7m $226.7m $226.7m 0.06% Reduced -9.4k -9,448
9 UBS Group AG 0.05% of their portfolio ZURICH, V8 1,614,6001.6m $219.1m $219.1m 0.05% Reduced -135.4k -135,373
10 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 1,453,7721.5m $197.2m $197.2m 0.02% Reduced -234.9k -234,897
11 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 1,220,1811.2m $165.6m $165.6m 0.05% Reduced -18.3k -18,296
12 Richard Bernstein Advisors LLC 3.80% of their portfolio NEW YORK, NY 1,158,9031.2m $157.2m $157.2m 3.80% Reduced -53.2k -53,206
13 COMMONWEALTH EQUITY SERVICES, LLC 0.21% of their portfolio WALTHAM, MA 1,112,5581.1m $151.0m $151.0m 0.21% Added +8.6k +8,613
14 Bank of New York Mellon Corp 0.03% of their portfolio NEW YORK, NY 1,024,7681.0m $139.0m $139.0m 0.03% Reduced -16.9k -16,877
15 TRUIST FINANCIAL CORP 0.18% of their portfolio CHARLOTTE, NC 831,128831.1k $112.8m $112.8m 0.18% Reduced -22.9k -22,873
16 Pathstone Holdings, LLC 0.44% of their portfolio ENGLEWOOD, NJ 755,644755.6k $102.5m $102.5m 0.44% Reduced -4.0k -4,004
17 MAI Capital Management 0.77% of their portfolio INDEPENDENCE, OH 748,252748.3k $101.5m $101.5m 0.77% Reduced -11.0k -10,978
18 1ST SOURCE BANK 5.90% of their portfolio SOUTH BEND, IN 737,604737.6k $100.1m $100.1m 5.90% Reduced -17.6k -17,563
19 Destination Wealth Management 3.00% of their portfolio Walnut Creek, CA 702,637702.6k $95.3m $95.3m 3.00% Added +6.6k +6,647
20 Cetera Investment Advisers 0.18% of their portfolio SCHAUMBURG, IL 695,720695.7k $94.4m $94.4m 0.18% Added +3.8k +3,830
21 Janney Montgomery Scott LLC 0.26% of their portfolio PHILADELPHIA, PA 681,135681.1k $92.4m $92.4m 0.26% Reduced -376.2k -376,184
22 Capital Investment Advisors, LLC 1.38% of their portfolio ATLANTA, GA 520,894520.9k $70.7m $70.7m 1.38% Reduced -8.3k -8,349
23 HighTower Advisors, LLC 0.09% of their portfolio CHICAGO, IL 497,305497.3k $67.5m $67.5m 0.09% Reduced -44.7k -44,722
24 Creative Planning 0.06% of their portfolio OVERLAND PARK, KS 464,218464.2k $63.0m $63.0m 0.06% Added +12.4k +12,445
25 OSAIC HOLDINGS, INC. 0.14% of their portfolio SCOTTSDALE, AZ 453,844453.8k $61.6m $61.6m 0.14% Reduced -12.0k -11,953
26 PNC Financial Services Group, Inc. 0.03% of their portfolio Pittsburgh, PA 425,435425.4k $57.7m $57.7m 0.03% Reduced -23.3k -23,333
27 Elk River Wealth Management LLC 10.43% of their portfolio DENVER, CO 410,636410.6k $55.7m $55.7m 10.43% Added +15.5k +15,517
28 MML INVESTORS SERVICES, LLC 0.18% of their portfolio SPRINGFIELD, MA 407,849407.8k $55.3m $55.3m 0.18% Reduced -12.3k -12,288
29 Orion Portfolio Solutions, LLC 0.27% of their portfolio Omaha, NE 407,464407.5k $54.6m $54.6m 0.27% Added +205.6k +205,607
30 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.10% of their portfolio PLYMOUTH, MN 370,787370.8k $50.3m $50.3m 0.10% Added +2.0k +1,962
31 Legacy Financial Group LLC 7.69% of their portfolio DES MOINES, IA 368,348368.3k $50.0m $50.0m 7.69% Reduced -9.0k -9,020
32 J.Safra Asset Management Corp 3.93% of their portfolio NEW YORK, NY 356,092356.1k $48.3m $48.3m 3.93% Added +8.4k +8,423
33 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 345,967346.0k $46.9m $46.9m 0.01% Reduced -29.0k -29,049
34 JONES FINANCIAL COMPANIES LLLP 0.04% of their portfolio DES PERES, MO 331,634331.6k $44.6m $44.6m 0.04% Added +74.6k +74,616
35 MONETA GROUP INVESTMENT ADVISORS LLC 0.61% of their portfolio ST LOUIS, MO 326,411326.4k $44.3m $44.3m 0.61% Reduced -4.6k -4,579
36 Linscomb Wealth, Inc. 1.94% of their portfolio Houston, TX 286,530286.5k $38.9m $38.9m 1.94% Reduced -11.1k -11,135
37 MARINO, STRAM & ASSOCIATES LLC 8.31% of their portfolio BRAINTREE, MA 275,864275.9k $37.4m $37.4m 8.31% Added +3.8k +3,838
38 Clearstead Advisors, LLC 0.58% of their portfolio CLEVELAND, OH 274,145274.1k $37.2m $37.2m 0.58% Reduced -14.4k -14,441
39 Nan Shan Life Insurance Co., Ltd. 0.79% of their portfolio Taipei City, F5 247,496247.5k $33.6m $33.6m 0.79% Added +28.4k +28,431
40 ASSETMARK, INC 0.09% of their portfolio CONCORD, CA 242,807242.8k $32.9m $32.9m 0.09% Reduced -435.6k -435,638
41 SCOTIA CAPITAL INC. 0.17% of their portfolio TORONTO, A6 235,349235.3k $31.9m $31.9m 0.17% Reduced -4.2k -4,157
42 Wolff Financial Management LLC 8.77% of their portfolio KALAMAZOO, MI 233,353233.4k $31.7m $31.7m 8.77% Added +1.7k +1,672
43 Cambridge Investment Research Advisors, Inc. 0.11% of their portfolio FAIRFIELD, IA 233,071233.1k $31.6m $31.6m 0.11% Reduced -2.9k -2,911
44 Rockefeller Capital Management L.P. 0.08% of their portfolio NEW YORK, NY 227,424227.4k $30.9m $30.9m 0.08% Added +51.9k +51,905
45 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 210,513210.5k $28.6m $28.6m 0.02% Reduced -1.9k -1,929
46 Baird Financial Group, Inc. 0.05% of their portfolio MILWAUKEE, WI 210,301210.3k $28.5m $28.5m 0.05% Reduced -2.3k -2,309
47 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 207,091207.1k $28.1m $28.1m 0.03% Reduced -40.3k -40,322
48 Orion Porfolio Solutions, LLC 0.27% of their portfolio OMAHA, NE 205,607205.6k $27.9m $27.9m 0.27% Added +3.8k +3,750
49 Mariner, LLC 0.05% of their portfolio Overland Park, KS 205,318205.3k $27.9m $27.9m 0.05% Added +5.1k +5,075
50 Klingman & Associates, LLC 1.68% of their portfolio New York, NY 202,040202.0k $27.4m $27.4m 1.68% Reduced -2.0k -1,985
51 Flaharty Asset Management, LLC 3.86% of their portfolio CLEARWATER, FL 197,039197.0k $26.7m $26.7m 3.86% Reduced -1.7k -1,733
52 Graves Light Lenhart Wealth, Inc. 3.19% of their portfolio HARRISONBURG, VA 191,308191.3k $26.0m $26.0m 3.19% Reduced -1.1k -1,095
53 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.22% of their portfolio IRVING, TX 185,522185.5k $25.2m $25.2m 0.22% Reduced -51.2k -51,161
54 NWF Advisory Services Inc. 3.47% of their portfolio Los Angeles, CA 182,039182.0k $24.7m $24.7m 3.47% Reduced -5.4k -5,433
55 Jackson, Grant Investment Advisers, Inc. 9.10% of their portfolio STAMFORD, CT 173,259173.3k $23.5m $23.5m 9.10% Reduced -3.3k -3,257
56 Steward Partners Investment Advisory, LLC 0.20% of their portfolio STAMFORD, CT 167,874167.9k $22.8m $22.8m 0.20% Added +4.5k +4,502
57 Baltimore-Washington Financial Advisors, Inc. 1.17% of their portfolio Columbia, MD 162,558162.6k $22.1m $22.1m 1.17% Added +5.2k +5,225
58 HUNTINGTON NATIONAL BANK 0.16% of their portfolio COLUMBUS, OH 161,217161.2k $21.9m $21.9m 0.16% Reduced -4.1k -4,070
59 Kestra Advisory Services, LLC 0.10% of their portfolio AUSTIN, TX 148,406148.4k $20.1m $20.1m 0.10% Reduced -32.5k -32,502
60 Capital Advisors, Ltd. LLC 2.61% of their portfolio SHAKER HEIGHTS, OH 145,941145.9k $19.8m $19.8m 2.61% Reduced -4.6k -4,571
61 CAPTRUST FINANCIAL ADVISORS 0.05% of their portfolio RALEIGH, NC 141,619141.6k $19.2m $19.2m 0.05% Added +1.8k +1,785
62 COMERICA BANK 0.07% of their portfolio DALLAS, TX 126,715126.7k $17.2m $17.2m 0.07% Reduced -6.2k -6,203
63 TigerOak Management, L.L.C. 6.50% of their portfolio NASHVILLE, TN 124,159124.2k $16.8m $16.8m 6.50% Added +1.6k +1,627
64 UMB Bank, n.a. 0.26% of their portfolio Kansas City, MO 118,397118.4k $16.1m $16.1m 0.26% Reduced -11.6k -11,635
65 Private Advisor Group, LLC 0.10% of their portfolio MORRISTOWN, NJ 118,328118.3k $16.1m $16.1m 0.10% Reduced -137.6k -137,554
66 Focus Partners Wealth 0.04% of their portfolio ST LOUIS, MO 116,256116.3k $15.8m $15.8m 0.04% Reduced -113.8k -113,802
67 FMR LLC 0.00% of their portfolio BOSTON, MA 115,412115.4k $15.7m $15.7m 0.00% Added +7.2k +7,227
68 Hubbell Strickland Wealth Management, LLC 7.12% of their portfolio NEW ORLEANS, LA 110,837110.8k $15.0m $15.0m 7.12% Added +1.4k +1,421
69 BOKF, NA 0.26% of their portfolio TULSA, OK 110,340110.3k $15.0m $15.0m 0.26% Reduced -571 -571
70 Prosperity Consulting Group, LLC 1.15% of their portfolio OWINGS MILLS, MD 109,997110.0k $14.9m $14.9m 1.15% Reduced -4.7k -4,718
71 FINANCIAL COUNSELORS INC 0.22% of their portfolio Overland Park, KS 108,788108.8k $14.8m $14.8m 0.22% Added +689 +689
72 Equitable Holdings, Inc. 0.14% of their portfolio NEW YORK, NY 108,146108.1k $14.7m $14.7m 0.14% Added +7.6k +7,555
73 Associated Banc-Corp 0.45% of their portfolio Green Bay, WI 107,959108.0k $14.6m $14.6m 0.45% Reduced -583 -583
74 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 107,737107.7k $14.6m $14.6m 0.00% Reduced -1.7k -1,681
75 Mesirow Financial Investment Management, Inc. 0.27% of their portfolio CHICAGO, IL 104,104104.1k $14.1m $14.1m 0.27% Added +1.5k +1,491
76 CRA Financial Services, LLC 2.40% of their portfolio NORTHFIELD, NJ 103,399103.4k $14.0m $14.0m 2.40% Reduced -4.6k -4,552
77 AVANTAX ADVISORY SERVICES, INC. 0.08% of their portfolio DALLAS, TX 101,356101.4k $13.8m $13.8m 0.08% Reduced -8.7k -8,746
78 Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. 2.06% of their portfolio FORT WORTH, TX 99,60199.6k $13.5m $13.5m 2.06% Reduced -1.8k -1,827
79 TD PRIVATE CLIENT WEALTH LLC 0.37% of their portfolio NEW YORK, NY 99,27599.3k $13.5m $13.5m 0.37% Reduced -15.8k -15,808
80 Regent Peak Wealth Advisors LLC 3.11% of their portfolio ATLANTA, GA 97,18797.2k $13.2m $13.2m 3.11% Reduced -112.8k -112,823
81 IEQ CAPITAL, LLC 0.10% of their portfolio Foster City, CA 97,04297.0k $13.2m $13.2m 0.10% Added +46.7k +46,738
82 Sanctuary Advisors, LLC 0.09% of their portfolio INDIANAPOLIS, IN 96,70696.7k $13.1m $13.1m 0.09% Added +347 +347
83 KCM INVESTMENT ADVISORS LLC 0.46% of their portfolio GREENBRAE, CA 94,50894.5k $12.8m $12.8m 0.46% Reduced -167 -167
84 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 92,65792.7k $12.6m $12.6m 0.01% Added +512 +512
85 CIBC WORLD MARKET INC. 0.03% of their portfolio TORONTO, A6 92,22492.2k $12.5m $12.5m 0.03% Added +3.3k +3,293
86 SARD WEALTH MANAGEMENT GROUP, LLC 8.29% of their portfolio ATLANTA, GA 91,18391.2k $12.4m $12.4m 8.29% Added +2.2k +2,198
87 MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio DENVER, CO 91,02391.0k $12.4m $12.4m 0.03% Reduced -5.5k -5,513
88 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 89,27589.3k $12.1m $12.1m 0.02% Reduced -836 -836
89 WESBANCO BANK INC 0.42% of their portfolio WHEELING, WV 89,04689.0k $12.1m $12.1m 0.42% Reduced -3.9k -3,893
90 Savant Capital, LLC 0.10% of their portfolio ROCKFORD, IL 85,55285.6k $11.6m $11.6m 0.10% Reduced -1.3k -1,344
91 HB Wealth Management, LLC 0.10% of their portfolio Atlanta, GA 85,19985.2k $11.6m $11.6m 0.10% Reduced -2.6k -2,587
92 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 84,56284.6k $11.5m $11.5m 0.01% Reduced -5.1k -5,056
93 SAGE RHINO CAPITAL LLC 2.63% of their portfolio MENLO PARK, CA 83,66583.7k $11.4m $11.4m 2.63% Reduced -813 -813
94 Evelyn Partners Investment Management (Europe) Ltd 4.21% of their portfolio Dublin, L2 82,99683.0k $11.3m $11.3m 4.21% Reduced -8.9k -8,858
95 CWM, LLC 0.04% of their portfolio OMAHA, NE 82,66482.7k $11.2m $11.2m 0.04% Reduced -8.2k -8,217
96 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 82,41282.4k $11.2m $11.2m 0.02% Added +798 +798
97 NBT BANK, N.A. 0.81% of their portfolio NORWICH, NY 82,39282.4k $11.2m $11.2m 0.81% Reduced -805 -805
98 World Investment Advisors 0.29% of their portfolio LINCROFT, NJ 81,29281.3k $11.0m $11.0m 0.29% Reduced -1.2k -1,166
99 Forvis Mazars Wealth Advisors, LLC 0.26% of their portfolio Springfield, MO 80,65980.7k $10.9m $10.9m 0.26% Reduced -2.8k -2,787
100 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 78,08178.1k $10.6m $10.6m 0.01% Reduced -810 -810