Vault-13

SPDR SER TR SDY

S&P DIVID ETF · ETP · CUSIP 78464A763

1,176 institutional holders -6 vs Q2 2025
65,054,83765.1m shares reported held*
$9.1bnreported value*
66 new 342 added 435 reduced 63 sold out net sold ≈ $230.8m (-1.6m 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 ($14.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $140.36. Options: 2 managers hold calls ($8.3m notional), 2 hold puts ($4.0m).

Trends to Q3 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: 1,182Q3 25: 1,1761,176Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 20251,176

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 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 25Q2 25: 411 bought or addedQ2 25: 489 cut or sold outQ3 25: 408 bought or addedQ3 25: 498 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023368526
Q1 2024362559
Q2 2024370508
Q3 2024395492
Q4 2024415470
Q1 2025379552
Q2 2025411489
Q3 2025408498

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ4 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 0.34Q3 25 calls: $8.3mQ3 25 puts: $4.0mQ3 25P/C 0.49
Numbers
QuarterCallsPutsP/C
Q4 2024$5.5m$4.8m0.87
Q1 2025$6.5m$5.3m0.81
Q2 2025$10.5m$3.5m0.34
Q3 2025$8.3m$4.0m0.49

Biggest buyers

JPMORGAN CHASE & CO Added +1,338,650+1.3m
UBS Group AG Added +165,053+165.1k
COLDSTREAM CAPITAL MANAGEMENT INC Added +124,864+124.9k
Sanctuary Advisors, LLC Added +96,530+96.5k
Cetera Investment Advisers Added +93,276+93.3k
Lanham O'Dell & Company, Inc. Added +91,536+91.5k
JONES FINANCIAL COMPANIES LLLP Added +45,543+45.5k
Kestra Advisory Services, LLC Added +44,234+44.2k
M&T Bank Corp Added +30,314+30.3k
ELEVATION POINT WEALTH PARTNERS, LLC New +28,143+28.1k

Biggest sellers

ROYAL BANK OF CANADA Reduced -2,230,276-2.2m
ASSETMARK, INC Reduced -234,240-234.2k
Rockefeller Capital Management L.P. Reduced -216,494-216.5k
Baltimore-Washington Financial Advisors, Inc. Reduced -133,942-133.9k
ENVESTNET ASSET MANAGEMENT INC Reduced -126,071-126.1k
1ST SOURCE BANK Reduced -123,604-123.6k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -72,947-72.9k
TRUIST FINANCIAL CORP Reduced -62,294-62.3k
WELLS FARGO & COMPANY/MN Reduced -57,532-57.5k
AMERIPRISE FINANCIAL INC Reduced -51,390-51.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $6.3m44.8k shares
CITADEL ADVISORS LLC Added $2.0m14.4k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.5m25.1k shares
CITADEL ADVISORS LLC Added $518.2k3.7k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.08% of their portfolio CHARLOTTE, NC 7,356,5747.4m $1.0bn $1.0bn 0.08% Reduced -48.0k -48,028
2 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 4,744,8184.7m $664.5m $664.5m 0.04% Reduced -26.3k -26,325
3 RAYMOND JAMES FINANCIAL INC 0.14% of their portfolio ST. PETERSBURG, FL 3,116,5443.1m $436.5m $436.5m 0.14% Reduced -16.9k -16,869
4 LPL Financial LLC 0.12% of their portfolio FORT MILL, SC 3,031,4733.0m $424.6m $424.6m 0.12% Added +20.4k +20,412
5 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 2,790,1182.8m $390.8m $390.8m 0.01% Added +1.3m +1,338,650
6 Joel Isaacson & Co., LLC 13.48% of their portfolio NEW YORK, NY 2,667,0602.7m $373.5m $373.5m 13.48% Added +22.1k +22,123
7 ROYAL BANK OF CANADA 0.05% of their portfolio TORONTO, A6 2,148,9682.1m $301.0m $301.0m 0.05% Reduced -2.2m -2,230,276
8 WELLS FARGO & COMPANY/MN 0.06% of their portfolio SAN FRANCISCO, CA 2,037,0332.0m $285.3m $285.3m 0.06% Reduced -57.5k -57,532
9 UBS Group AG 0.05% of their portfolio ZURICH, V8 1,732,6851.7m $242.7m $242.7m 0.05% Added +165.1k +165,053
10 AMERIPRISE FINANCIAL INC 0.05% of their portfolio MINNEAPOLIS, MN 1,552,9811.6m $217.3m $217.3m 0.05% Reduced -51.4k -51,390
11 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 1,085,8121.1m $152.1m $152.1m 0.04% Reduced -126.1k -126,071
12 Richard Bernstein Advisors LLC 4.12% of their portfolio NEW YORK, NY 1,039,3791.0m $144.3m $144.3m 4.12% Reduced -36.0k -35,958
13 COMMONWEALTH EQUITY SERVICES, LLC 0.18% of their portfolio WALTHAM, MA 966,738966.7k $135.4m $135.4m 0.18% Reduced -72.9k -72,947
14 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 951,759951.8k $133.3m $133.3m 0.02% Reduced -38.2k -38,248
15 Cetera Investment Advisers 0.13% of their portfolio SCHAUMBURG, IL 792,925792.9k $111.0m $111.0m 0.13% Added +93.3k +93,276
16 MAI Capital Management 0.68% of their portfolio INDEPENDENCE, OH 772,382772.4k $108.2m $108.2m 0.68% Added +5.3k +5,300
17 Pathstone Holdings, LLC 0.41% of their portfolio ENGLEWOOD, NJ 768,592768.6k $107.6m $107.6m 0.41% Added +8.4k +8,380
18 TRUIST FINANCIAL CORP 0.14% of their portfolio CHARLOTTE, NC 747,741747.7k $104.7m $104.7m 0.14% Reduced -62.3k -62,294
19 Destination Wealth Management 2.69% of their portfolio Walnut Creek, CA 698,199698.2k $97.8m $97.8m 2.69% Reduced -630 -630
20 1ST SOURCE BANK 4.49% of their portfolio SOUTH BEND, IN 607,596607.6k $85.1m $85.1m 4.49% Reduced -123.6k -123,604
21 Janney Montgomery Scott LLC 0.20% of their portfolio PHILADELPHIA, PA 603,939603.9k $84.6m $84.6m 0.20% Reduced -37.5k -37,465
22 PNC Financial Services Group, Inc. 0.05% of their portfolio Pittsburgh, PA 584,204584.2k $81.8m $81.8m 0.05% Added +9.8k +9,785
23 Capital Investment Advisors, LLC 1.18% of their portfolio ATLANTA, GA 510,320510.3k $71.5m $71.5m 1.18% Reduced -4.2k -4,249
24 HighTower Advisors, LLC 0.08% of their portfolio CHICAGO, IL 487,954488.0k $68.3m $68.3m 0.08% Added +5.7k +5,687
25 OSAIC HOLDINGS, INC. 0.09% of their portfolio SCOTTSDALE, AZ 479,776479.8k $67.6m $67.6m 0.09% Reduced -45.9k -45,900
26 Creative Planning 0.05% of their portfolio OVERLAND PARK, KS 465,437465.4k $65.2m $65.2m 0.05% Reduced -26.8k -26,751
27 STIFEL FINANCIAL CORP 0.06% of their portfolio ST. LOUIS, MO 449,976450.0k $63.0m $63.0m 0.06% Added +2.4k +2,353
28 JONES FINANCIAL COMPANIES LLLP 0.04% of their portfolio DES PERES, MO 426,827426.8k $59.5m $59.5m 0.04% Added +45.5k +45,543
29 Elk River Wealth Management LLC 9.39% of their portfolio DENVER, CO 418,417418.4k $58.6m $58.6m 9.39% Added +5.3k +5,294
30 MML INVESTORS SERVICES, LLC 0.15% of their portfolio SPRINGFIELD, MA 405,750405.8k $56.8m $56.8m 0.15% Reduced -10.7k -10,732
31 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.08% of their portfolio PLYMOUTH, MN 378,417378.4k $53.1m $53.1m 0.08% Added +3.7k +3,684
32 J.Safra Asset Management Corp 2.91% of their portfolio NEW YORK, NY 342,360342.4k $47.9m $47.9m 2.91% Reduced -18.5k -18,528
33 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 334,267334.3k $46.8m $46.8m 0.01% Reduced -7.1k -7,121
34 Legacy Financial Group LLC 5.31% of their portfolio DES MOINES, IA 289,628289.6k $40.6m $40.6m 5.31% Added +3.0k +3,036
35 MARINO, STRAM & ASSOCIATES LLC 7.09% of their portfolio BRAINTREE, MA 281,487281.5k $39.4m $39.4m 7.09% Added +1.8k +1,750
36 Linscomb Wealth, Inc. 1.68% of their portfolio Houston, TX 278,363278.4k $39.0m $39.0m 1.68% Reduced -5.6k -5,596
37 Clearstead Advisors, LLC 0.57% of their portfolio CLEVELAND, OH 277,169277.2k $38.8m $38.8m 0.57% Reduced -2.9k -2,890
38 MONETA GROUP INVESTMENT ADVISORS LLC 0.30% of their portfolio ST LOUIS, MO 272,977273.0k $38.2m $38.2m 0.30% Reduced -5.9k -5,948
39 Nan Shan Life Insurance Co., Ltd. 0.74% of their portfolio Taipei City, F5 247,496247.5k $34.7m $34.7m 0.74% Unchanged
40 Wolff Financial Management LLC 8.04% of their portfolio KALAMAZOO, MI 247,239247.2k $34.6m $34.6m 8.04% Added +9.1k +9,123
41 Rockefeller Capital Management L.P. 0.07% of their portfolio NEW YORK, NY 245,596245.6k $34.4m $34.4m 0.07% Reduced -216.5k -216,494
42 Cambridge Investment Research Advisors, Inc. 0.09% of their portfolio FAIRFIELD, IA 238,804238.8k $33.4m $33.4m 0.09% Added +12.6k +12,552
43 COLDSTREAM CAPITAL MANAGEMENT INC 0.42% of their portfolio BELLEVUE, WA 223,525223.5k $31.3m $31.3m 0.42% Added +124.9k +124,864
44 Mariner, LLC 0.04% of their portfolio Overland Park, KS 220,817220.8k $30.9m $30.9m 0.04% Added +5.4k +5,369
45 Steward Partners Investment Advisory, LLC 0.17% of their portfolio STAMFORD, CT 216,449216.4k $30.3m $30.3m 0.17% Added +15.7k +15,656
46 Flaharty Asset Management, LLC 3.80% of their portfolio CLEARWATER, FL 213,700213.7k $29.9m $29.9m 3.80% Added +7.8k +7,753
47 Kestra Advisory Services, LLC 0.14% of their portfolio AUSTIN, TX 212,097212.1k $29.7m $29.7m 0.14% Added +44.2k +44,234
48 Lanham O'Dell & Company, Inc. 8.87% of their portfolio HURRICANE, WV 198,967199.0k $27.9m $27.9m 8.87% Added +91.5k +91,536
49 Baird Financial Group, Inc. 0.04% of their portfolio MILWAUKEE, WI 196,979197.0k $27.6m $27.6m 0.04% Reduced -5.8k -5,794
50 Orion Porfolio Solutions, LLC 0.21% of their portfolio OMAHA, NE 196,119196.1k $27.5m $27.5m 0.21% Reduced -9.1k -9,077
51 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 194,713194.7k $27.3m $27.3m 0.01% Reduced -11.5k -11,470
52 Klingman & Associates, LLC 1.37% of their portfolio New York, NY 193,866193.9k $27.2m $27.2m 1.37% Reduced -1.4k -1,380
53 Sanctuary Advisors, LLC 0.08% of their portfolio INDIANAPOLIS, IN 188,349188.3k $26.0m $26.0m 0.08% Added +96.5k +96,530
54 NWF Advisory Services Inc. 2.86% of their portfolio Los Angeles, CA 186,117186.1k $26.1m $26.1m 2.86% Added +3.8k +3,800
55 BENJAMIN EDWARDS INC 0.29% of their portfolio Clayton, MO 183,386183.4k $25.7m $25.7m 0.29% Reduced -4.3k -4,319
56 Graves Light Lenhart Wealth, Inc. 2.83% of their portfolio HARRISONBURG, VA 182,363182.4k $25.5m $25.5m 2.83% Reduced -7.5k -7,489
57 Jackson, Grant Investment Advisers, Inc. 8.22% of their portfolio STAMFORD, CT 175,650175.7k $24.6m $24.6m 8.22% Added +4.3k +4,337
58 HUNTINGTON NATIONAL BANK 0.14% of their portfolio COLUMBUS, OH 166,797166.8k $23.4m $23.4m 0.14% Added +397 +397
59 SCOTIA CAPITAL INC. 0.09% of their portfolio TORONTO, A6 157,597157.6k $22.1m $22.1m 0.09% Reduced -1.9k -1,896
60 Capital Advisors, Ltd. LLC 2.32% of their portfolio SHAKER HEIGHTS, OH 146,482146.5k $20.5m $20.5m 2.32% Reduced -16 -16
61 CAPTRUST FINANCIAL ADVISORS 0.04% of their portfolio RALEIGH, NC 137,149137.1k $19.2m $19.2m 0.04% Reduced -4.6k -4,613
62 Equitable Holdings, Inc. 0.13% of their portfolio NEW YORK, NY 125,712125.7k $17.6m $17.6m 0.13% Added +8.9k +8,928
63 TigerOak Management, L.L.C. 5.46% of their portfolio NASHVILLE, TN 125,547125.5k $17.6m $17.6m 5.46% Reduced -55 -55
64 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.12% of their portfolio IRVING, TX 121,087121.1k $17.0m $17.0m 0.12% Reduced -35.3k -35,272
65 FMR LLC 0.00% of their portfolio BOSTON, MA 118,631118.6k $16.6m $16.6m 0.00% Added +5.7k +5,650
66 COMERICA BANK 0.06% of their portfolio DALLAS, TX 116,937116.9k $16.4m $16.4m 0.06% Reduced -996 -996
67 UMB Bank, n.a. 0.24% of their portfolio Kansas City, MO 114,412114.4k $16.0m $16.0m 0.24% Reduced -2.2k -2,206
68 Midwest Trust Co 0.20% of their portfolio Overland Park, KS 110,741110.7k $15.5m $15.5m 0.20% Reduced -2.1k -2,125
69 Private Advisor Group, LLC 0.07% of their portfolio MORRISTOWN, NJ 108,418108.4k $15.2m $15.2m 0.07% Reduced -1.1k -1,084
70 Associated Banc-Corp 0.39% of their portfolio Green Bay, WI 106,833106.8k $15.0m $15.0m 0.39% Reduced -528 -528
71 MERCER GLOBAL ADVISORS INC /ADV 0.02% of their portfolio DENVER, CO 105,671105.7k $14.8m $14.8m 0.02% Added +15.1k +15,051
72 Hubbell Strickland Wealth Management, LLC 6.07% of their portfolio NEW ORLEANS, LA 105,388105.4k $14.8m $14.8m 6.07% Reduced -2.5k -2,481
73 Mesirow Financial Investment Management, Inc. 0.26% of their portfolio CHICAGO, IL 103,444103.4k $14.5m $14.5m 0.26% Added +1.1k +1,111
74 CWM, LLC 0.04% of their portfolio OMAHA, NE 102,350102.3k $14.3m $14.3m 0.04% Added +24.4k +24,394
75 Prosperity Consulting Group, LLC 0.70% of their portfolio OWINGS MILLS, MD 101,849101.8k $14.3m $14.3m 0.70% Reduced -4.0k -3,972
76 BOKF, NA 0.21% of their portfolio TULSA, OK 101,457101.5k $14.2m $14.2m 0.21% Reduced -8.6k -8,576
77 CRA Financial Services, LLC 1.93% of their portfolio NORTHFIELD, NJ 100,719100.7k $14.1m $14.1m 1.93% Reduced -1.5k -1,516
78 &PARTNERS 0.09% of their portfolio NASHVILLE, TN 98,98999.0k $13.9m $13.9m 0.09% Reduced -1.4k -1,354
79 Regent Peak Wealth Advisors LLC 2.76% of their portfolio ATLANTA, GA 98,28598.3k $13.8m $13.8m 2.76% First filing
80 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 95,44395.4k $13.4m $13.4m 0.01% Reduced -1.6k -1,550
81 SARD WEALTH MANAGEMENT GROUP, LLC 7.49% of their portfolio ATLANTA, GA 93,77293.8k $13.1m $13.1m 7.49% Added +497 +497
82 KCM INVESTMENT ADVISORS LLC 0.42% of their portfolio GREENBRAE, CA 93,71193.7k $13.1m $13.1m 0.42% Reduced -48 -48
83 US BANCORP \DE\ 0.02% of their portfolio MINNEAPOLIS, MN 93,62593.6k $13.1m $13.1m 0.02% Reduced -979 -979
84 TD PRIVATE CLIENT WEALTH LLC 0.29% of their portfolio NEW YORK, NY 93,30093.3k $13.1m $13.1m 0.29% Reduced -4.8k -4,806
85 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 93,26893.3k $13.1m $13.1m 0.00% Reduced -11.8k -11,763
86 CIBC WORLD MARKET INC. 0.03% of their portfolio TORONTO, A6 92,62892.6k $13.0m $13.0m 0.03% Reduced -1.7k -1,681
87 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 91,47591.5k $12.8m $12.8m 0.02% Reduced -25.0k -24,971
88 M&T Bank Corp 0.04% of their portfolio BUFFALO, NY 90,74890.7k $12.7m $12.7m 0.04% Added +30.3k +30,314
89 HB Wealth Management, LLC 0.08% of their portfolio Atlanta, GA 88,47088.5k $12.4m $12.4m 0.08% Added +2.9k +2,927
90 WESBANCO BANK INC 0.33% of their portfolio WHEELING, WV 85,46085.5k $12.0m $12.0m 0.33% Reduced -2.5k -2,476
91 Savant Capital, LLC 0.07% of their portfolio ROCKFORD, IL 84,71084.7k $11.9m $11.9m 0.07% Added +275 +275
92 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 83,63683.6k $11.7m $11.7m 0.01% Added +3.4k +3,360
93 NewEdge Advisors, LLC 0.05% of their portfolio NEW ORLEANS, LA 83,24983.2k $11.7m $11.7m 0.05% Added +18.0k +18,026
94 NBT BANK, N.A. 0.75% of their portfolio NORWICH, NY 82,32782.3k $11.5m $11.5m 0.75% Reduced -65 -65
95 MSH Capital Advisors LLC 3.04% of their portfolio SCOTTSDALE, AZ 81,10481.1k $11.4m $11.4m 3.04% Added +1.9k +1,899
96 PRECEDENT WEALTH PARTNERS, LLC 2.43% of their portfolio HOUSTON, TX 78,67378.7k $11.0m $11.0m 2.43% Added +2.3k +2,301
97 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 78,07978.1k $10.9m $10.9m 0.02% Reduced -3.5k -3,501
98 IHT Wealth Management, LLC 0.28% of their portfolio Chicago, IL 77,79877.8k $10.9m $10.9m 0.28% Reduced -2.6k -2,578
99 SAGE RHINO CAPITAL LLC 2.10% of their portfolio MENLO PARK, CA 77,61977.6k $10.9m $10.9m 2.10% Reduced -851 -851
100 Forvis Mazars Wealth Advisors, LLC 0.22% of their portfolio Springfield, MO 77,30577.3k $10.8m $10.8m 0.22% Reduced -2.9k -2,870