Vault-13

SPDR SER TR SDY

S&P DIVID ETF · ETP · CUSIP 78464A763

1,240 institutional holders +64 vs Q3 2025
65,436,66265.4m shares reported held*
$9.1bnreported value*
68 new 355 added 421 reduced 45 sold out net bought ≈ $26.3m (+177.5k 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 ($17.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $139.65. Options: 2 managers hold calls ($8.5m notional), 2 hold puts ($7.4m).

Trends to Q4 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: 1,176Q4 25: 1,2401,240Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 20251,240

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ1 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 25Q3 25: 408 bought or addedQ3 25: 498 cut or sold outQ4 25: 423 bought or addedQ4 25: 466 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024362559
Q2 2024370508
Q3 2024395492
Q4 2024415470
Q1 2025379552
Q2 2025411489
Q3 2025408498
Q4 2025423466

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ1 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 0.49Q4 25 calls: $8.5mQ4 25 puts: $7.4mQ4 25P/C 0.87
Numbers
QuarterCallsPutsP/C
Q1 2025$6.5m$5.3m0.81
Q2 2025$10.5m$3.5m0.34
Q3 2025$8.3m$4.0m0.49
Q4 2025$8.5m$7.4m0.87

Biggest buyers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +1,148,613+1.1m
Joel Isaacson & Co., LLC Added +121,368+121.4k
Corient Private Wealth LP Added +118,910+118.9k
COLDSTREAM CAPITAL MANAGEMENT INC Added +101,576+101.6k
BNP PARIBAS FINANCIAL MARKETS Added +100,308+100.3k
MORGAN STANLEY Added +95,878+95.9k
UNITED CAPITAL FINANCIAL ADVISORS, LLC Added +63,360+63.4k
EARNED WEALTH ADVISORS, LLC Added +51,665+51.7k
Baird Financial Group, Inc. Added +47,675+47.7k
Americana Partners, LLC Added +41,746+41.7k

Biggest sellers

JPMORGAN CHASE & CO Reduced -1,365,424-1.4m
1ST SOURCE BANK Reduced -122,138-122.1k
PNC Financial Services Group, Inc. Reduced -100,634-100.6k
Sanctuary Advisors, LLC Reduced -96,758-96.8k
BANK OF AMERICA CORP /DE/ Reduced -73,949-73.9k
Destination Wealth Management Reduced -44,451-44.5k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -34,285-34.3k
CWM, LLC Reduced -33,384-33.4k
J.W. COLE ADVISORS, INC. Reduced -28,220-28.2k
RAYMOND JAMES FINANCIAL INC Reduced -25,905-25.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $7.6m54.4k shares
CITADEL ADVISORS LLC Reduced $946.3k6.8k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $6.2m44.2k shares
CITADEL ADVISORS LLC Added $1.2m8.8k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.07% of their portfolio CHARLOTTE, NC 7,282,6257.3m $1.0bn $1.0bn 0.07% Reduced -73.9k -73,949
2 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 4,840,6964.8m $673.6m $673.6m 0.04% Added +95.9k +95,878
3 RAYMOND JAMES FINANCIAL INC 0.13% of their portfolio ST. PETERSBURG, FL 3,090,6393.1m $430.1m $430.1m 0.13% Reduced -25.9k -25,905
4 LPL Financial LLC 0.12% of their portfolio FORT MILL, SC 3,028,9943.0m $421.5m $421.5m 0.12% Reduced -2.5k -2,479
5 Joel Isaacson & Co., LLC 12.81% of their portfolio NEW YORK, NY 2,788,4282.8m $388.0m $388.0m 12.81% Added +121.4k +121,368
6 ROYAL BANK OF CANADA 0.05% of their portfolio TORONTO, A6 2,143,8982.1m $298.3m $298.3m 0.05% Reduced -5.1k -5,070
7 WELLS FARGO & COMPANY/MN 0.06% of their portfolio SAN FRANCISCO, CA 2,076,6052.1m $289.0m $289.0m 0.06% Added +39.6k +39,572
8 UBS Group AG 0.05% of their portfolio ZURICH, V8 1,713,6121.7m $238.5m $238.5m 0.05% Reduced -19.1k -19,073
9 AMERIPRISE FINANCIAL INC 0.05% of their portfolio MINNEAPOLIS, MN 1,535,3181.5m $213.5m $213.5m 0.05% Reduced -17.7k -17,663
10 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,424,6941.4m $198.3m $198.3m 0.01% Reduced -1.4m -1,365,424
11 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.22% of their portfolio BALA CYNWYD, PA 1,176,5751.2m $163.7m $163.7m 0.22% Added +1.1m +1,148,613
12 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 1,079,5231.1m $150.2m $150.2m 0.04% Reduced -6.3k -6,289
13 Richard Bernstein Advisors LLC 4.17% of their portfolio NEW YORK, NY 1,018,6841.0m $141.8m $141.8m 4.17% Reduced -20.7k -20,695
14 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 954,596954.6k $132.8m $132.8m 0.02% Added +2.8k +2,837
15 COMMONWEALTH EQUITY SERVICES, LLC 0.17% of their portfolio WALTHAM, MA 932,453932.5k $129.8m $129.8m 0.17% Reduced -34.3k -34,285
16 Cetera Investment Advisers 0.12% of their portfolio SCHAUMBURG, IL 799,885799.9k $111.3m $111.3m 0.12% Added +7.0k +6,960
17 MAI Capital Management 0.64% of their portfolio INDEPENDENCE, OH 791,750791.8k $110.2m $110.2m 0.64% Added +19.4k +19,368
18 Pathstone Holdings, LLC 0.41% of their portfolio ENGLEWOOD, NJ 771,497771.5k $107.5m $107.5m 0.41% Added +2.9k +2,905
19 TRUIST FINANCIAL CORP 0.14% of their portfolio CHARLOTTE, NC 737,711737.7k $102.7m $102.7m 0.14% Reduced -10.0k -10,030
20 Destination Wealth Management 2.38% of their portfolio Walnut Creek, CA 653,748653.7k $91.0m $91.0m 2.38% Reduced -44.5k -44,451
21 Janney Montgomery Scott LLC 0.19% of their portfolio PHILADELPHIA, PA 605,170605.2k $84.2m $84.2m 0.19% Added +1.2k +1,231
22 Capital Investment Advisors, LLC 1.07% of their portfolio ATLANTA, GA 502,568502.6k $69.9m $69.9m 1.07% Reduced -7.8k -7,752
23 1ST SOURCE BANK 3.54% of their portfolio SOUTH BEND, IN 485,458485.5k $67.6m $67.6m 3.54% Reduced -122.1k -122,138
24 PNC Financial Services Group, Inc. 0.04% of their portfolio Pittsburgh, PA 483,570483.6k $67.3m $67.3m 0.04% Reduced -100.6k -100,634
25 HighTower Advisors, LLC 0.07% of their portfolio CHICAGO, IL 481,880481.9k $67.1m $67.1m 0.07% Reduced -6.1k -6,074
26 STIFEL FINANCIAL CORP 0.06% of their portfolio ST. LOUIS, MO 477,988478.0k $66.5m $66.5m 0.06% Added +28.0k +28,012
27 OSAIC HOLDINGS, INC. 0.10% of their portfolio SCOTTSDALE, AZ 476,880476.9k $66.4m $66.4m 0.10% Reduced -2.9k -2,896
28 JONES FINANCIAL COMPANIES LLLP 0.04% of their portfolio DES PERES, MO 457,112457.1k $63.6m $63.6m 0.04% Added +30.3k +30,285
29 Creative Planning 0.04% of their portfolio OVERLAND PARK, KS 442,161442.2k $61.5m $61.5m 0.04% Reduced -23.3k -23,276
30 Elk River Wealth Management LLC 9.40% of their portfolio DENVER, CO 421,724421.7k $58.5m $58.5m 9.40% Added +3.3k +3,307
31 MML INVESTORS SERVICES, LLC 0.14% of their portfolio SPRINGFIELD, MA 406,721406.7k $56.6m $56.6m 0.14% Added +971 +971
32 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.07% of their portfolio PLYMOUTH, MN 372,401372.4k $53.0m $53.0m 0.07% Reduced -6.0k -6,016
33 J.Safra Asset Management Corp 2.58% of their portfolio NEW YORK, NY 353,863353.9k $49.2m $49.2m 2.58% Added +11.5k +11,503
34 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 331,646331.6k $46.2m $46.2m 0.01% Reduced -2.6k -2,621
35 COLDSTREAM CAPITAL MANAGEMENT INC 0.58% of their portfolio BELLEVUE, WA 325,101325.1k $45.2m $45.2m 0.58% Added +101.6k +101,576
36 Legacy Financial Group LLC 5.50% of their portfolio DES MOINES, IA 291,534291.5k $44.5m $44.5m 5.50% Added +1.9k +1,906
37 MONETA GROUP INVESTMENT ADVISORS LLC 0.30% of their portfolio ST LOUIS, MO 284,161284.2k $39.5m $39.5m 0.30% Added +11.2k +11,184
38 MARINO, STRAM & ASSOCIATES LLC 7.04% of their portfolio BRAINTREE, MA 279,825279.8k $38.9m $38.9m 7.04% Reduced -1.7k -1,662
39 Linscomb Wealth, Inc. 1.62% of their portfolio Houston, TX 278,103278.1k $38.7m $38.7m 1.62% Reduced -260 -260
40 Clearstead Advisors, LLC 0.48% of their portfolio CLEVELAND, OH 275,277275.3k $38.3m $38.3m 0.48% Reduced -1.9k -1,892
41 Rockefeller Capital Management L.P. 0.06% of their portfolio NEW YORK, NY 258,314258.3k $35.9m $35.9m 0.06% Added +12.7k +12,718
42 Wolff Financial Management LLC 7.95% of their portfolio KALAMAZOO, MI 254,175254.2k $35.4m $35.4m 7.95% Added +6.9k +6,936
43 Nan Shan Life Insurance Co., Ltd. 1.06% of their portfolio Taipei City, F5 247,496247.5k $34.4m $34.4m 1.06% Unchanged
44 Baird Financial Group, Inc. 0.05% of their portfolio MILWAUKEE, WI 244,654244.7k $34.0m $34.0m 0.05% Added +47.7k +47,675
45 Cambridge Investment Research Advisors, Inc. 0.09% of their portfolio FAIRFIELD, IA 233,826233.8k $32.5m $32.5m 0.09% Reduced -5.0k -4,978
46 Steward Partners Investment Advisory, LLC 0.17% of their portfolio STAMFORD, CT 220,100220.1k $30.6m $30.6m 0.17% Added +3.7k +3,651
47 Kestra Advisory Services, LLC 0.13% of their portfolio AUSTIN, TX 219,703219.7k $30.6m $30.6m 0.13% Added +7.6k +7,606
48 Mariner, LLC 0.04% of their portfolio Overland Park, KS 219,138219.1k $30.5m $30.5m 0.04% Reduced -1.7k -1,679
49 Lanham O'Dell & Company, Inc. 8.70% of their portfolio HURRICANE, WV 217,246217.2k $30.2m $30.2m 8.70% Added +18.3k +18,279
50 Flaharty Asset Management, LLC 3.45% of their portfolio CLEARWATER, FL 198,530198.5k $27.6m $27.6m 3.45% Reduced -15.2k -15,170
51 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 196,989197.0k $27.4m $27.4m 0.02% Added +118.9k +118,910
52 BENJAMIN EDWARDS INC 0.30% of their portfolio Clayton, MO 193,953194.0k $27.0m $27.0m 0.30% Added +10.6k +10,567
53 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 192,215192.2k $26.7m $26.7m 0.01% Reduced -2.5k -2,498
54 Klingman & Associates, LLC 1.29% of their portfolio New York, NY 191,865191.9k $26.7m $26.7m 1.29% Reduced -2.0k -2,001
55 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.15% of their portfolio IRVING, TX 184,447184.4k $25.7m $25.7m 0.15% Added +63.4k +63,360
56 NWF Advisory Services Inc. 2.81% of their portfolio Los Angeles, CA 182,430182.4k $25.4m $25.4m 2.81% Reduced -3.7k -3,687
57 Graves Light Lenhart Wealth, Inc. 2.69% of their portfolio HARRISONBURG, VA 181,949181.9k $25.3m $25.3m 2.69% Reduced -414 -414
58 Orion Porfolio Solutions, LLC 0.18% of their portfolio OMAHA, NE 178,845178.8k $24.9m $24.9m 0.18% Reduced -17.3k -17,274
59 Jackson, Grant Investment Advisers, Inc. 8.06% of their portfolio STAMFORD, CT 175,880175.9k $24.5m $24.5m 8.06% Added +230 +230
60 HUNTINGTON NATIONAL BANK 0.14% of their portfolio COLUMBUS, OH 169,242169.2k $23.6m $23.6m 0.14% Added +2.4k +2,445
61 SCOTIA CAPITAL INC. 0.08% of their portfolio TORONTO, A6 151,280151.3k $21.0m $21.0m 0.08% Reduced -6.3k -6,317
62 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 150,913150.9k $21.0m $21.0m 0.01% Added +100.3k +100,308
63 Capital Advisors, Ltd. LLC 2.29% of their portfolio SHAKER HEIGHTS, OH 145,641145.6k $20.3m $20.3m 2.29% Reduced -841 -841
64 CAPTRUST FINANCIAL ADVISORS 0.04% of their portfolio RALEIGH, NC 135,966136.0k $18.9m $18.9m 0.04% Reduced -1.2k -1,183
65 Equitable Holdings, Inc. 0.13% of their portfolio NEW YORK, NY 134,020134.0k $18.7m $18.7m 0.13% Added +8.3k +8,308
66 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 132,157132.2k $18.4m $18.4m 0.02% Added +40.7k +40,682
67 TigerOak Management, L.L.C. 5.28% of their portfolio NASHVILLE, TN 124,372124.4k $17.3m $17.3m 5.28% Reduced -1.2k -1,175
68 FMR LLC 0.00% of their portfolio BOSTON, MA 118,045118.0k $16.4m $16.4m 0.00% Reduced -586 -586
69 COMERICA BANK 0.06% of their portfolio DALLAS, TX 114,551114.6k $15.9m $15.9m 0.06% Reduced -2.4k -2,386
70 Private Advisor Group, LLC 0.07% of their portfolio MORRISTOWN, NJ 114,377114.4k $15.9m $15.9m 0.07% Added +6.0k +5,959
71 Midwest Trust Co 0.20% of their portfolio Overland Park, KS 113,533113.5k $15.8m $15.8m 0.20% Added +2.8k +2,792
72 UMB Bank, n.a. 0.21% of their portfolio Kansas City, MO 111,417111.4k $15.5m $15.5m 0.21% Reduced -3.0k -2,995
73 MERCER GLOBAL ADVISORS INC /ADV 0.02% of their portfolio DENVER, CO 110,533110.5k $15.4m $15.4m 0.02% Added +4.9k +4,862
74 &PARTNERS 0.08% of their portfolio NASHVILLE, TN 108,987109.0k $15.2m $15.2m 0.08% Added +10.0k +9,998
75 Associated Banc-Corp 0.39% of their portfolio Green Bay, WI 108,878108.9k $15.2m $15.2m 0.39% Added +2.0k +2,045
76 Hubbell Strickland Wealth Management, LLC 5.85% of their portfolio NEW ORLEANS, LA 104,437104.4k $14.5m $14.5m 5.85% Reduced -951 -951
77 CIBC WORLD MARKET INC. 0.03% of their portfolio TORONTO, A6 103,701103.7k $14.4m $14.4m 0.03% Added +11.1k +11,073
78 BOKF, NA 0.22% of their portfolio TULSA, OK 102,079102.1k $14.2m $14.2m 0.22% Added +622 +622
79 CRA Financial Services, LLC 1.81% of their portfolio NORTHFIELD, NJ 99,18499.2k $13.8m $13.8m 1.81% Reduced -1.5k -1,535
80 Prosperity Consulting Group, LLC 0.61% of their portfolio OWINGS MILLS, MD 98,20198.2k $13.7m $13.7m 0.61% Reduced -3.6k -3,648
81 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 98,05798.1k $13.6m $13.6m 0.01% Added +2.6k +2,614
82 Regent Peak Wealth Advisors LLC 2.63% of their portfolio ATLANTA, GA 95,92495.9k $13.3m $13.3m 2.63% Reduced -2.4k -2,361
83 SARD WEALTH MANAGEMENT GROUP, LLC 7.32% of their portfolio ATLANTA, GA 95,88495.9k $13.3m $13.3m 7.32% Added +2.1k +2,112
84 US BANCORP \DE\ 0.02% of their portfolio MINNEAPOLIS, MN 93,91993.9k $13.1m $13.1m 0.02% Added +294 +294
85 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 93,79093.8k $13.1m $13.1m 0.02% Added +21.4k +21,369
86 KCM INVESTMENT ADVISORS LLC 0.41% of their portfolio GREENBRAE, CA 92,65192.7k $12.9m $12.9m 0.41% Reduced -1.1k -1,060
87 Sanctuary Advisors, LLC 0.07% of their portfolio INDIANAPOLIS, IN 91,59191.6k $12.7m $12.7m 0.07% Reduced -96.8k -96,758
88 Mesirow Financial Investment Management, Inc. 0.26% of their portfolio CHICAGO, IL 90,57590.6k $12.6m $12.6m 0.26% Reduced -12.9k -12,869
89 HB Wealth Management, LLC 0.08% of their portfolio Atlanta, GA 89,29389.3k $12.4m $12.4m 0.08% Added +823 +823
90 Americana Partners, LLC 0.34% of their portfolio Houston, TX 89,01789.0k $12.4m $12.4m 0.34% Added +41.7k +41,746
91 M&T Bank Corp 0.04% of their portfolio BUFFALO, NY 88,45188.5k $12.3m $12.3m 0.04% Reduced -2.3k -2,297
92 Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. 1.62% of their portfolio FORT WORTH, TX 86,86486.9k $12.1m $12.1m 1.62% Added +27.3k +27,253
93 WESBANCO BANK INC 0.33% of their portfolio WHEELING, WV 85,03985.0k $11.8m $11.8m 0.33% Reduced -421 -421
94 MSH Capital Advisors LLC 2.50% of their portfolio SCOTTSDALE, AZ 83,96284.0k $11.7m $11.7m 2.50% Added +2.9k +2,858
95 TD PRIVATE CLIENT WEALTH LLC 0.25% of their portfolio NEW YORK, NY 83,16083.2k $11.6m $11.6m 0.25% Reduced -10.1k -10,140
96 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 82,74782.7k $11.5m $11.5m 0.01% Reduced -889 -889
97 NBT BANK, N.A. 0.74% of their portfolio NORWICH, NY 82,32782.3k $11.5m $11.5m 0.74% Unchanged
98 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 81,08981.1k $11.3m $11.3m 0.00% Reduced -12.2k -12,179
99 Savant Capital, LLC 0.06% of their portfolio ROCKFORD, IL 80,53380.5k $11.2m $11.2m 0.06% Reduced -4.2k -4,177
100 World Investment Advisors 0.18% of their portfolio LINCROFT, NJ 80,20580.2k $11.2m $11.2m 0.18% Added +6.7k +6,744