Vault-13

SPDR SER TR SDY

S&P DIVID ETF · ETP · CUSIP 78464A763

1,182 institutional holders +3 vs Q1 2025
66,856,72566.9m shares reported held*
$9.1bnreported value*
56 new 355 added 436 reduced 53 sold out net bought ≈ $332.1m (+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 ($12.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $136.14. Options: 2 managers hold calls ($10.5m notional), 2 hold puts ($3.5m).

Trends to Q2 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: 1,179Q2 25: 1,1821,182Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 20251,182

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 23: 372 bought or addedQ3 23: 484 cut or sold outQ4 23: 368 bought or addedQ4 23: 526 cut or sold outQ4 23Q1 24: 362 bought or addedQ1 24: 559 cut or sold outQ2 24: 370 bought or addedQ2 24: 508 cut or sold outQ2 24Q3 24: 395 bought or addedQ3 24: 492 cut or sold outQ4 24: 415 bought or addedQ4 24: 470 cut or sold outQ4 24Q1 25: 379 bought or addedQ1 25: 552 cut or sold outQ2 25: 411 bought or addedQ2 25: 489 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023372484
Q4 2023368526
Q1 2024362559
Q2 2024370508
Q3 2024395492
Q4 2024415470
Q1 2025379552
Q2 2025411489

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 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 0.81Q2 25 calls: $10.5mQ2 25 puts: $3.5mQ2 25P/C 0.34
Numbers
QuarterCallsPutsP/C
Q3 2024$7.2m$6.5m0.90
Q4 2024$5.5m$4.8m0.87
Q1 2025$6.5m$5.3m0.81
Q2 2025$10.5m$3.5m0.34

Biggest buyers

ROYAL BANK OF CANADA Added +2,007,683+2.0m
LPL Financial LLC Added +249,036+249.0k
STIFEL FINANCIAL CORP Added +240,532+240.5k
Rockefeller Capital Management L.P. Added +234,666+234.7k
BENJAMIN EDWARDS INC Added +167,975+168.0k
PNC Financial Services Group, Inc. Added +148,984+149.0k
RAYMOND JAMES FINANCIAL INC Added +119,562+119.6k
Lanham O'Dell & Company, Inc. New +107,431+107.4k
BNP PARIBAS FINANCIAL MARKETS Added +100,095+100.1k
COLDSTREAM CAPITAL MANAGEMENT INC Added +94,369+94.4k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -132,205-132.2k
FINANCIAL COUNSELORS INC Sold out -108,788-108.8k
MORGAN STANLEY Reduced -94,613-94.6k
Richard Bernstein Advisors LLC Reduced -83,566-83.6k
Legacy Financial Group LLC Reduced -81,756-81.8k
SCOTIA CAPITAL INC. Reduced -75,856-75.9k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -72,873-72.9k
TOWNSQUARE CAPITAL LLC Sold out -70,064-70.1k
Financial Advocates Investment Management Reduced -69,846-69.8k
ARGENT CAPITAL MANAGEMENT LLC Sold out -61,454-61.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $8.6m63.3k shares
CITADEL ADVISORS LLC Reduced $1.9m14.1k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.2m23.9k shares
CITADEL ADVISORS LLC Reduced $285.0k2.1k 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.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.08% of their portfolio CHARLOTTE, NC 7,404,6027.4m $1.0bn $1.0bn 0.08% Reduced -132.2k -132,205
2 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 4,771,1434.8m $647.6m $647.6m 0.04% Reduced -94.6k -94,613
3 ROYAL BANK OF CANADA 0.06% of their portfolio TORONTO, A6 4,379,2444.4m $594.4m $594.4m 0.06% Added +2.0m +2,007,683
4 RAYMOND JAMES FINANCIAL INC 0.15% of their portfolio ST. PETERSBURG, FL 3,133,4133.1m $425.3m $425.3m 0.15% Added +119.6k +119,562
5 LPL Financial LLC 0.14% of their portfolio FORT MILL, SC 3,011,0613.0m $408.7m $408.7m 0.14% Added +249.0k +249,036
6 Joel Isaacson & Co., LLC 14.60% of their portfolio NEW YORK, NY 2,644,9372.6m $359.0m $359.0m 14.60% Added +86.7k +86,679
7 WELLS FARGO & COMPANY/MN 0.06% of their portfolio SAN FRANCISCO, CA 2,094,5652.1m $284.3m $284.3m 0.06% Added +61.5k +61,505
8 AMERIPRISE FINANCIAL INC 0.05% of their portfolio MINNEAPOLIS, MN 1,604,3711.6m $217.5m $217.5m 0.05% Reduced -60.6k -60,624
9 UBS Group AG 0.04% of their portfolio ZURICH, V8 1,567,6321.6m $212.8m $212.8m 0.04% Reduced -47.0k -46,968
10 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,451,4681.5m $197.0m $197.0m 0.01% Reduced -2.3k -2,304
11 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 1,211,8831.2m $164.5m $164.5m 0.05% Reduced -8.3k -8,298
12 Richard Bernstein Advisors LLC 3.60% of their portfolio NEW YORK, NY 1,075,3371.1m $146.0m $146.0m 3.60% Reduced -83.6k -83,566
13 COMMONWEALTH EQUITY SERVICES, LLC 0.19% of their portfolio WALTHAM, MA 1,039,6851.0m $141.1m $141.1m 0.19% Reduced -72.9k -72,873
14 Bank of New York Mellon Corp 0.03% of their portfolio NEW YORK, NY 990,007990.0k $134.4m $134.4m 0.03% Reduced -34.8k -34,761
15 TRUIST FINANCIAL CORP 0.16% of their portfolio CHARLOTTE, NC 810,035810.0k $109.9m $109.9m 0.16% Reduced -21.1k -21,093
16 MAI Capital Management 0.72% of their portfolio INDEPENDENCE, OH 767,082767.1k $104.1m $104.1m 0.72% Added +18.8k +18,830
17 Pathstone Holdings, LLC 0.41% of their portfolio ENGLEWOOD, NJ 760,212760.2k $103.2m $103.2m 0.41% Added +4.6k +4,568
18 1ST SOURCE BANK 5.47% of their portfolio SOUTH BEND, IN 731,200731.2k $99.2m $99.2m 5.47% Reduced -6.4k -6,404
19 Cetera Investment Advisers 0.16% of their portfolio SCHAUMBURG, IL 699,649699.6k $95.0m $95.0m 0.16% Added +3.9k +3,929
20 Destination Wealth Management 2.78% of their portfolio Walnut Creek, CA 698,829698.8k $94.9m $94.9m 2.78% Reduced -3.8k -3,808
21 Janney Montgomery Scott LLC 0.23% of their portfolio PHILADELPHIA, PA 641,404641.4k $87.1m $87.1m 0.23% Reduced -39.7k -39,731
22 PNC Financial Services Group, Inc. 0.05% of their portfolio Pittsburgh, PA 574,419574.4k $78.0m $78.0m 0.05% Added +149.0k +148,984
23 OSAIC HOLDINGS, INC. 0.13% of their portfolio SCOTTSDALE, AZ 525,676525.7k $71.4m $71.4m 0.13% Added +71.8k +71,832
24 Capital Investment Advisors, LLC 1.24% of their portfolio ATLANTA, GA 514,569514.6k $70.4m $70.4m 1.24% Reduced -6.3k -6,325
25 Creative Planning 0.06% of their portfolio OVERLAND PARK, KS 492,188492.2k $66.8m $66.8m 0.06% Added +28.0k +27,970
26 HighTower Advisors, LLC 0.08% of their portfolio CHICAGO, IL 482,267482.3k $65.5m $65.5m 0.08% Reduced -15.0k -15,038
27 Rockefeller Capital Management L.P. 0.08% of their portfolio NEW YORK, NY 462,090462.1k $65.4m $65.4m 0.08% Added +234.7k +234,666
28 STIFEL FINANCIAL CORP 0.06% of their portfolio ST. LOUIS, MO 447,623447.6k $60.8m $60.8m 0.06% Added +240.5k +240,532
29 MML INVESTORS SERVICES, LLC 0.16% of their portfolio SPRINGFIELD, MA 416,482416.5k $56.5m $56.5m 0.16% Added +8.6k +8,633
30 Elk River Wealth Management LLC 9.65% of their portfolio DENVER, CO 413,123413.1k $56.1m $56.1m 9.65% Added +2.5k +2,487
31 JONES FINANCIAL COMPANIES LLLP 0.04% of their portfolio DES PERES, MO 381,284381.3k $51.6m $51.6m 0.04% Added +49.6k +49,650
32 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.09% of their portfolio PLYMOUTH, MN 374,733374.7k $52.0m $52.0m 0.09% Added +3.9k +3,946
33 J.Safra Asset Management Corp 3.41% of their portfolio NEW YORK, NY 360,888360.9k $49.0m $49.0m 3.41% Added +4.8k +4,796
34 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 341,388341.4k $46.3m $46.3m 0.01% Reduced -4.6k -4,579
35 Legacy Financial Group LLC 5.43% of their portfolio DES MOINES, IA 286,592286.6k $38.9m $38.9m 5.43% Reduced -81.8k -81,756
36 Linscomb Wealth, Inc. 1.77% of their portfolio Houston, TX 283,959284.0k $38.5m $38.5m 1.77% Reduced -2.6k -2,571
37 Clearstead Advisors, LLC 0.53% of their portfolio CLEVELAND, OH 280,059280.1k $38.0m $38.0m 0.53% Added +5.9k +5,914
38 MARINO, STRAM & ASSOCIATES LLC 7.66% of their portfolio BRAINTREE, MA 279,737279.7k $38.0m $38.0m 7.66% Added +3.9k +3,873
39 MONETA GROUP INVESTMENT ADVISORS LLC 0.45% of their portfolio ST LOUIS, MO 278,925278.9k $37.9m $37.9m 0.45% Reduced -47.5k -47,486
40 Nan Shan Life Insurance Co., Ltd. 0.75% of their portfolio Taipei City, F5 247,496247.5k $33.6m $33.6m 0.75% Unchanged
41 Wolff Financial Management LLC 8.35% of their portfolio KALAMAZOO, MI 238,116238.1k $32.3m $32.3m 8.35% Added +4.8k +4,763
42 ASSETMARK, INC 0.08% of their portfolio CONCORD, CA 237,779237.8k $32.3m $32.3m 0.08% Reduced -5.0k -5,028
43 Cambridge Investment Research Advisors, Inc. 0.09% of their portfolio FAIRFIELD, IA 226,252226.3k $30.7m $30.7m 0.09% Reduced -6.8k -6,819
44 Mariner, LLC 0.04% of their portfolio Overland Park, KS 215,448215.4k $29.2m $29.2m 0.04% Added +10.1k +10,130
45 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 206,183206.2k $28.0m $28.0m 0.01% Reduced -4.3k -4,330
46 Flaharty Asset Management, LLC 3.82% of their portfolio CLEARWATER, FL 205,947205.9k $28.0m $28.0m 3.82% Added +8.9k +8,908
47 Orion Porfolio Solutions, LLC 0.24% of their portfolio OMAHA, NE 205,196205.2k $27.9m $27.9m 0.24% Reduced -411 -411
48 Baird Financial Group, Inc. 0.05% of their portfolio MILWAUKEE, WI 202,773202.8k $27.5m $27.5m 0.05% Reduced -7.5k -7,528
49 Steward Partners Investment Advisory, LLC 0.21% of their portfolio STAMFORD, CT 200,793200.8k $27.3m $27.3m 0.21% Added +32.9k +32,919
50 Klingman & Associates, LLC 1.46% of their portfolio New York, NY 195,246195.2k $26.5m $26.5m 1.46% Reduced -6.8k -6,794
51 Graves Light Lenhart Wealth, Inc. 3.07% of their portfolio HARRISONBURG, VA 189,852189.9k $25.8m $25.8m 3.07% Reduced -1.5k -1,456
52 BENJAMIN EDWARDS INC 0.32% of their portfolio Clayton, MO 187,705187.7k $25.5m $25.5m 0.32% Added +168.0k +167,975
53 NWF Advisory Services Inc. 2.95% of their portfolio Los Angeles, CA 182,317182.3k $24.7m $24.7m 2.95% Added +278 +278
54 Jackson, Grant Investment Advisers, Inc. 8.54% of their portfolio STAMFORD, CT 171,313171.3k $23.3m $23.3m 8.54% Reduced -1.9k -1,946
55 Kestra Advisory Services, LLC 0.11% of their portfolio AUSTIN, TX 167,863167.9k $22.8m $22.8m 0.11% Added +19.5k +19,457
56 HUNTINGTON NATIONAL BANK 0.15% of their portfolio COLUMBUS, OH 166,400166.4k $22.6m $22.6m 0.15% Added +5.2k +5,183
57 Baltimore-Washington Financial Advisors, Inc. 1.03% of their portfolio Columbia, MD 163,402163.4k $22.2m $22.2m 1.03% Added +844 +844
58 SCOTIA CAPITAL INC. 0.10% of their portfolio TORONTO, A6 159,493159.5k $21.6m $21.6m 0.10% Reduced -75.9k -75,856
59 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.17% of their portfolio IRVING, TX 156,359156.4k $21.2m $21.2m 0.17% Reduced -29.2k -29,163
60 Capital Advisors, Ltd. LLC 2.45% of their portfolio SHAKER HEIGHTS, OH 146,498146.5k $19.9m $19.9m 2.45% Added +557 +557
61 CAPTRUST FINANCIAL ADVISORS 0.04% of their portfolio RALEIGH, NC 141,762141.8k $19.2m $19.2m 0.04% Added +143 +143
62 TigerOak Management, L.L.C. 5.84% of their portfolio NASHVILLE, TN 125,602125.6k $17.0m $17.0m 5.84% Added +1.4k +1,443
63 COMERICA BANK 0.06% of their portfolio DALLAS, TX 117,933117.9k $16.0m $16.0m 0.06% Reduced -8.8k -8,782
64 Equitable Holdings, Inc. 0.13% of their portfolio NEW YORK, NY 116,784116.8k $15.9m $15.9m 0.13% Added +8.6k +8,638
65 UMB Bank, n.a. 0.25% of their portfolio Kansas City, MO 116,618116.6k $15.8m $15.8m 0.25% Reduced -1.8k -1,779
66 Focus Partners Wealth 0.03% of their portfolio ST LOUIS, MO 116,446116.4k $15.8m $15.8m 0.03% Added +190 +190
67 FMR LLC 0.00% of their portfolio BOSTON, MA 112,981113.0k $15.3m $15.3m 0.00% Reduced -2.4k -2,431
68 Midwest Trust Co 0.21% of their portfolio Overland Park, KS 112,866112.9k $15.3m $15.3m 0.21% First filing
69 BOKF, NA 0.24% of their portfolio TULSA, OK 110,033110.0k $14.9m $14.9m 0.24% Reduced -307 -307
70 Private Advisor Group, LLC 0.08% of their portfolio MORRISTOWN, NJ 109,502109.5k $14.9m $14.9m 0.08% Reduced -8.8k -8,826
71 Hubbell Strickland Wealth Management, LLC 6.46% of their portfolio NEW ORLEANS, LA 107,869107.9k $14.6m $14.6m 6.46% Reduced -3.0k -2,968
72 Lanham O'Dell & Company, Inc. 6.16% of their portfolio HURRICANE, WV 107,431107.4k $14.6m $14.6m 6.16% New
73 Associated Banc-Corp 0.41% of their portfolio Green Bay, WI 107,361107.4k $14.6m $14.6m 0.41% Reduced -598 -598
74 Prosperity Consulting Group, LLC 1.05% of their portfolio OWINGS MILLS, MD 105,821105.8k $14.4m $14.4m 1.05% Reduced -4.2k -4,176
75 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 105,031105.0k $14.3m $14.3m 0.00% Reduced -2.7k -2,706
76 Mesirow Financial Investment Management, Inc. 0.27% of their portfolio CHICAGO, IL 102,333102.3k $13.9m $13.9m 0.27% Reduced -1.8k -1,771
77 CRA Financial Services, LLC 2.12% of their portfolio NORTHFIELD, NJ 102,235102.2k $13.9m $13.9m 2.12% Reduced -1.2k -1,164
78 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 101,489101.5k $13.8m $13.8m 0.01% Added +100.1k +100,095
79 AVANTAX ADVISORY SERVICES, INC. 0.08% of their portfolio DALLAS, TX 100,578100.6k $13.7m $13.7m 0.08% Reduced -778 -778
80 &PARTNERS 0.10% of their portfolio NASHVILLE, TN 100,343100.3k $13.6m $13.6m 0.10% Added +37.7k +37,659
81 COLDSTREAM CAPITAL MANAGEMENT INC 0.22% of their portfolio BELLEVUE, WA 98,66198.7k $13.4m $13.4m 0.22% Added +94.4k +94,369
82 TD PRIVATE CLIENT WEALTH LLC 0.33% of their portfolio NEW YORK, NY 98,10698.1k $13.3m $13.3m 0.33% Reduced -1.2k -1,169
83 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 96,99397.0k $13.2m $13.2m 0.01% Added +4.3k +4,336
84 US BANCORP \DE\ 0.02% of their portfolio MINNEAPOLIS, MN 94,60494.6k $12.8m $12.8m 0.02% Added +16.5k +16,523
85 CIBC WORLD MARKET INC. 0.03% of their portfolio TORONTO, A6 94,30994.3k $12.8m $12.8m 0.03% Added +2.1k +2,085
86 KCM INVESTMENT ADVISORS LLC 0.43% of their portfolio GREENBRAE, CA 93,75993.8k $12.7m $12.7m 0.43% Reduced -749 -749
87 SARD WEALTH MANAGEMENT GROUP, LLC 7.80% of their portfolio ATLANTA, GA 93,27593.3k $12.7m $12.7m 7.80% Added +2.1k +2,092
88 Sanctuary Advisors, LLC 0.08% of their portfolio INDIANAPOLIS, IN 91,81991.8k $12.5m $12.5m 0.08% Reduced -4.9k -4,887
89 MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio DENVER, CO 90,62090.6k $12.3m $12.3m 0.03% Reduced -403 -403
90 WESBANCO BANK INC 0.35% of their portfolio WHEELING, WV 87,93687.9k $11.9m $11.9m 0.35% Reduced -1.1k -1,110
91 HB Wealth Management, LLC 0.09% of their portfolio Atlanta, GA 85,54385.5k $11.6m $11.6m 0.09% Added +344 +344
92 Savant Capital, LLC 0.08% of their portfolio ROCKFORD, IL 84,43584.4k $11.5m $11.5m 0.08% Reduced -1.1k -1,117
93 NBT BANK, N.A. 0.77% of their portfolio NORWICH, NY 82,39282.4k $11.2m $11.2m 0.77% Unchanged
94 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 81,58081.6k $11.1m $11.1m 0.01% Reduced -7.7k -7,695
95 World Investment Advisors 0.25% of their portfolio LINCROFT, NJ 80,80880.8k $11.0m $11.0m 0.25% Reduced -484 -484
96 IHT Wealth Management, LLC 0.30% of their portfolio Chicago, IL 80,37680.4k $10.9m $10.9m 0.30% Added +6.3k +6,344
97 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 80,27680.3k $10.9m $10.9m 0.01% Reduced -4.3k -4,286
98 Forvis Mazars Wealth Advisors, LLC 0.23% of their portfolio Springfield, MO 80,17580.2k $10.9m $10.9m 0.23% Reduced -484 -484
99 MSH Capital Advisors LLC 3.10% of their portfolio SCOTTSDALE, AZ 79,20579.2k $10.8m $10.8m 3.10% Added +4.9k +4,894
100 Evelyn Partners Investment Management (Europe) Ltd 3.84% of their portfolio Dublin, L2 78,79978.8k $10.7m $10.7m 3.84% Reduced -4.2k -4,197