Vault-13

SPDR SER TR SDY

S&P DIVID ETF · ETP · CUSIP 78464A763

1,244 institutional holders +4 vs Q4 2025
63,344,10063.3m shares reported held*
$9.3bnreported value*
70 new 359 added 446 reduced 52 sold out net sold ≈ $240.8m (-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 ($19.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $146.26. Options: 4 managers hold calls ($11.6m notional), 2 hold puts ($13.2m).

Trends to Q1 2026

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: 1,240Q1 26: 1,2441,244Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 20261,244

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ2 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 25Q4 25: 423 bought or addedQ4 25: 466 cut or sold outQ1 26: 429 bought or addedQ1 26: 498 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024370508
Q3 2024395492
Q4 2024415470
Q1 2025379552
Q2 2025411489
Q3 2025408498
Q4 2025423466
Q1 2026429498

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ2 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 0.87Q1 26 calls: $11.6mQ1 26 puts: $13.2mQ1 26P/C 1.14
Numbers
QuarterCallsPutsP/C
Q2 2025$10.5m$3.5m0.34
Q3 2025$8.3m$4.0m0.49
Q4 2025$8.5m$7.4m0.87
Q1 2026$11.6m$13.2m1.14

Biggest buyers

MAI Capital Management Added +200,540+200.5k
WELLS FARGO & COMPANY/MN Added +123,244+123.2k
Richard Bernstein Advisors LLC Added +120,778+120.8k
FIFTH THIRD BANCORP Added +108,140+108.1k
Baltimore-Washington Financial Advisors, Inc. Added +94,918+94.9k
Fund Evaluation Group, LLC New +89,489+89.5k
Mariner, LLC Added +85,243+85.2k
Joel Isaacson & Co., LLC Added +58,593+58.6k
Regent Peak Wealth Advisors LLC Added +56,223+56.2k
TD Waterhouse Canada Inc. Added +51,053+51.1k

Biggest sellers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -1,131,104-1.1m
COLDSTREAM CAPITAL MANAGEMENT INC Sold out -325,101-325.1k
Nan Shan Life Insurance Co., Ltd. Sold out -247,496-247.5k
AMERIPRISE FINANCIAL INC Reduced -202,576-202.6k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -148,758-148.8k
Corient Private Wealth LP Reduced -122,604-122.6k
ROYAL BANK OF CANADA Reduced -122,214-122.2k
Cetera Investment Advisers Reduced -57,283-57.3k
MML INVESTORS SERVICES, LLC Reduced -54,812-54.8k
BNP PARIBAS FINANCIAL MARKETS Reduced -50,039-50.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $10.1m69.4k shares
CITADEL ADVISORS LLC Reduced $700.5k4.8k shares
JANE STREET GROUP, LLC New $467.0k3.2k shares
Point72 Asset Management, L.P. New $262.7k1.8k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $10.9m74.6k shares
CITADEL ADVISORS LLC Added $2.3m15.6k 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.08% of their portfolio CHARLOTTE, NC 7,319,4107.3m $1.1bn $1.1bn 0.08% Added +36.8k +36,785
2 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 4,849,8414.8m $707.8m $707.8m 0.04% Added +9.1k +9,145
3 RAYMOND JAMES FINANCIAL INC 0.14% of their portfolio ST. PETERSBURG, FL 3,059,5403.1m $446.5m $446.5m 0.14% Reduced -31.1k -31,099
4 LPL Financial LLC 0.12% of their portfolio FORT MILL, SC 2,998,1243.0m $437.5m $437.5m 0.12% Reduced -30.9k -30,870
5 Joel Isaacson & Co., LLC 13.78% of their portfolio NEW YORK, NY 2,847,0212.8m $415.5m $415.5m 13.78% Added +58.6k +58,593
6 WELLS FARGO & COMPANY/MN 0.06% of their portfolio SAN FRANCISCO, CA 2,199,8492.2m $321.0m $321.0m 0.06% Added +123.2k +123,244
7 ROYAL BANK OF CANADA 0.06% of their portfolio TORONTO, A6 2,021,6842.0m $295.0m $295.0m 0.06% Reduced -122.2k -122,214
8 UBS Group AG 0.04% of their portfolio ZURICH, V8 1,674,1061.7m $244.3m $244.3m 0.04% Reduced -39.5k -39,506
9 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,399,4081.4m $202.2m $202.2m 0.01% Reduced -25.3k -25,286
10 AMERIPRISE FINANCIAL INC 0.05% of their portfolio MINNEAPOLIS, MN 1,332,7421.3m $196.8m $196.8m 0.05% Reduced -202.6k -202,576
11 Richard Bernstein Advisors LLC 4.82% of their portfolio NEW YORK, NY 1,139,4621.1m $166.3m $166.3m 4.82% Added +120.8k +120,778
12 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 1,103,4111.1m $161.0m $161.0m 0.04% Added +23.9k +23,888
13 MAI Capital Management 0.82% of their portfolio INDEPENDENCE, OH 992,290992.3k $144.8m $144.8m 0.82% Added +200.5k +200,540
14 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 930,325930.3k $135.8m $135.8m 0.02% Reduced -24.3k -24,271
15 COMMONWEALTH EQUITY SERVICES, LLC 0.18% of their portfolio WALTHAM, MA 894,629894.6k $130.6m $130.6m 0.18% Reduced -37.8k -37,824
16 Pathstone Holdings, LLC 0.45% of their portfolio ENGLEWOOD, NJ 782,740782.7k $114.2m $114.2m 0.45% Added +11.2k +11,243
17 Cetera Investment Advisers 0.12% of their portfolio SCHAUMBURG, IL 742,602742.6k $108.4m $108.4m 0.12% Reduced -57.3k -57,283
18 TRUIST FINANCIAL CORP 0.14% of their portfolio CHARLOTTE, NC 709,668709.7k $103.6m $103.6m 0.14% Reduced -28.0k -28,043
19 Destination Wealth Management 2.39% of their portfolio Walnut Creek, CA 629,425629.4k $91.9m $91.9m 2.39% Reduced -24.3k -24,323
20 Janney Montgomery Scott LLC 0.21% of their portfolio PHILADELPHIA, PA 572,599572.6k $83.6m $83.6m 0.21% Reduced -32.6k -32,571
21 OSAIC HOLDINGS, INC. 0.11% of their portfolio SCOTTSDALE, AZ 514,315514.3k $75.1m $75.1m 0.11% Added +37.4k +37,435
22 Capital Investment Advisors, LLC 1.06% of their portfolio ATLANTA, GA 495,043495.0k $72.2m $72.2m 1.06% Reduced -7.5k -7,525
23 JONES FINANCIAL COMPANIES LLLP 0.03% of their portfolio DES PERES, MO 486,196486.2k $70.3m $70.3m 0.03% Added +29.1k +29,084
24 HighTower Advisors, LLC 0.07% of their portfolio CHICAGO, IL 479,126479.1k $69.9m $69.9m 0.07% Reduced -2.8k -2,754
25 STIFEL FINANCIAL CORP 0.06% of their portfolio ST. LOUIS, MO 465,864465.9k $68.0m $68.0m 0.06% Reduced -12.1k -12,124
26 PNC Financial Services Group, Inc. 0.04% of their portfolio Pittsburgh, PA 460,743460.7k $67.2m $67.2m 0.04% Reduced -22.8k -22,827
27 1ST SOURCE BANK 3.39% of their portfolio SOUTH BEND, IN 450,028450.0k $65.7m $65.7m 3.39% Reduced -35.4k -35,430
28 Creative Planning 0.04% of their portfolio OVERLAND PARK, KS 439,196439.2k $64.1m $64.1m 0.04% Reduced -3.0k -2,965
29 Elk River Wealth Management LLC 10.24% of their portfolio DENVER, CO 422,523422.5k $61.7m $61.7m 10.24% Added +799 +799
30 J.Safra Asset Management Corp 2.90% of their portfolio NEW YORK, NY 368,501368.5k $53.8m $53.8m 2.90% Added +14.6k +14,638
31 MML INVESTORS SERVICES, LLC 0.14% of their portfolio SPRINGFIELD, MA 351,909351.9k $51.4m $51.4m 0.14% Reduced -54.8k -54,812
32 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 328,838328.8k $48.0m $48.0m 0.01% Reduced -2.8k -2,808
33 Mariner, LLC 0.05% of their portfolio Overland Park, KS 304,381304.4k $44.4m $44.4m 0.05% Added +85.2k +85,243
34 Legacy Financial Group LLC 5.35% of their portfolio DES MOINES, IA 291,421291.4k $42.5m $42.5m 5.35% Reduced -113 -113
35 MONETA GROUP INVESTMENT ADVISORS LLC 0.31% of their portfolio ST LOUIS, MO 280,481280.5k $40.9m $40.9m 0.31% Reduced -3.7k -3,680
36 Clearstead Advisors, LLC 0.37% of their portfolio CLEVELAND, OH 280,240280.2k $40.9m $40.9m 0.37% Added +5.0k +4,963
37 MARINO, STRAM & ASSOCIATES LLC 7.31% of their portfolio BRAINTREE, MA 278,651278.7k $40.7m $40.7m 7.31% Reduced -1.2k -1,174
38 Rockefeller Capital Management L.P. 0.07% of their portfolio NEW YORK, NY 267,702267.7k $39.1m $39.1m 0.07% Added +9.4k +9,388
39 Wolff Financial Management LLC 8.38% of their portfolio KALAMAZOO, MI 259,984260.0k $37.9m $37.9m 8.38% Added +5.8k +5,809
40 Linscomb Wealth, Inc. 1.67% of their portfolio Houston, TX 256,908256.9k $37.5m $37.5m 1.67% Reduced -21.2k -21,195
41 Baird Financial Group, Inc. 0.06% of their portfolio MILWAUKEE, WI 255,207255.2k $37.2m $37.2m 0.06% Added +10.6k +10,553
42 Kestra Advisory Services, LLC 0.14% of their portfolio AUSTIN, TX 253,134253.1k $36.9m $36.9m 0.14% Added +33.4k +33,431
43 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.07% of their portfolio PLYMOUTH, MN 223,643223.6k $32.7m $32.7m 0.07% Reduced -148.8k -148,758
44 Steward Partners Investment Advisory, LLC 0.16% of their portfolio STAMFORD, CT 216,208216.2k $31.6m $31.6m 0.16% Reduced -3.9k -3,892
45 Cambridge Investment Research Advisors, Inc. 0.08% of their portfolio FAIRFIELD, IA 209,957210.0k $30.6m $30.6m 0.08% Reduced -23.9k -23,869
46 Flaharty Asset Management, LLC 3.58% of their portfolio CLEARWATER, FL 197,469197.5k $28.8m $28.8m 3.58% Reduced -1.1k -1,061
47 BENJAMIN EDWARDS INC 0.28% of their portfolio Clayton, MO 195,067195.1k $28.5m $28.5m 0.28% Added +1.1k +1,114
48 Klingman & Associates, LLC 1.32% of their portfolio New York, NY 189,356189.4k $27.6m $27.6m 1.32% Reduced -2.5k -2,509
49 Graves Light Lenhart Wealth, Inc. 2.76% of their portfolio HARRISONBURG, VA 182,040182.0k $26.6m $26.6m 2.76% Added +91 +91
50 NWF Advisory Services Inc. 2.93% of their portfolio Los Angeles, CA 178,029178.0k $26.0m $26.0m 2.93% Reduced -4.4k -4,401
51 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.16% of their portfolio IRVING, TX 176,671176.7k $25.8m $25.8m 0.16% Reduced -7.8k -7,776
52 Jackson, Grant Investment Advisers, Inc. 8.55% of their portfolio STAMFORD, CT 175,514175.5k $25.6m $25.6m 8.55% Reduced -366 -366
53 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 159,419159.4k $23.3m $23.3m 0.01% Reduced -32.8k -32,796
54 HUNTINGTON NATIONAL BANK 0.13% of their portfolio COLUMBUS, OH 159,115159.1k $23.2m $23.2m 0.13% Reduced -10.1k -10,127
55 Regent Peak Wealth Advisors LLC 4.53% of their portfolio ATLANTA, GA 152,147152.1k $22.2m $22.2m 4.53% Added +56.2k +56,223
56 Orion Porfolio Solutions, LLC 0.19% of their portfolio OMAHA, NE 150,882150.9k $22.0m $22.0m 0.19% Reduced -28.0k -27,963
57 SCOTIA CAPITAL INC. 0.09% of their portfolio TORONTO, A6 150,559150.6k $22.0m $22.0m 0.09% Reduced -721 -721
58 CAPTRUST FINANCIAL ADVISORS 0.04% of their portfolio RALEIGH, NC 145,619145.6k $21.3m $21.3m 0.04% Added +9.7k +9,653
59 Capital Advisors, Ltd. LLC 2.41% of their portfolio SHAKER HEIGHTS, OH 145,591145.6k $21.2m $21.2m 2.41% Reduced -50 -50
60 Equitable Holdings, Inc. 0.13% of their portfolio NEW YORK, NY 144,431144.4k $20.1m $20.1m 0.13% Added +10.4k +10,411
61 MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio DENVER, CO 130,628130.6k $19.1m $19.1m 0.03% Added +20.1k +20,095
62 FMR LLC 0.00% of their portfolio BOSTON, MA 127,412127.4k $18.6m $18.6m 0.00% Added +9.4k +9,367
63 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 126,135126.1k $18.3m $18.3m 0.02% Reduced -6.0k -6,022
64 TigerOak Management, L.L.C. 5.70% of their portfolio NASHVILLE, TN 124,028124.0k $18.1m $18.1m 5.70% Reduced -344 -344
65 Baltimore-Washington Financial Advisors, Inc. 0.77% of their portfolio Columbia, MD 122,734122.7k $17.9m $17.9m 0.77% Added +94.9k +94,918
66 FIFTH THIRD BANCORP 0.03% of their portfolio CINCINNATI, OH 115,078115.1k $16.8m $16.8m 0.03% Added +108.1k +108,140
67 Private Advisor Group, LLC 0.08% of their portfolio MORRISTOWN, NJ 113,505113.5k $16.6m $16.6m 0.08% Reduced -872 -872
68 Midwest Trust Co 0.20% of their portfolio Overland Park, KS 111,237111.2k $16.2m $16.2m 0.20% Reduced -2.3k -2,296
69 Mesirow Financial Investment Management, Inc. 0.26% of their portfolio CHICAGO, IL 110,265110.3k $16.1m $16.1m 0.26% Added +19.7k +19,690
70 UMB Bank, n.a. 0.22% of their portfolio Kansas City, MO 109,023109.0k $15.9m $15.9m 0.22% Reduced -2.4k -2,394
71 BOKF, NA 0.24% of their portfolio TULSA, OK 107,806107.8k $15.7m $15.7m 0.24% Added +5.7k +5,727
72 Associated Banc-Corp 0.41% of their portfolio Green Bay, WI 106,752106.8k $15.6m $15.6m 0.41% Reduced -2.1k -2,126
73 Hubbell Strickland Wealth Management, LLC 6.17% of their portfolio NEW ORLEANS, LA 106,049106.0k $15.5m $15.5m 6.17% Added +1.6k +1,612
74 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 100,874100.9k $14.7m $14.7m 0.01% Reduced -50.0k -50,039
75 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 99,60599.6k $14.5m $14.5m 0.02% Added +5.8k +5,815
76 Prosperity Consulting Group, LLC 0.63% of their portfolio OWINGS MILLS, MD 97,41197.4k $14.2m $14.2m 0.63% Reduced -790 -790
77 SARD WEALTH MANAGEMENT GROUP, LLC 7.63% of their portfolio ATLANTA, GA 96,13996.1k $14.0m $14.0m 7.63% Added +255 +255
78 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 95,80395.8k $14.0m $14.0m 0.01% Reduced -2.3k -2,254
79 Sanctuary Advisors, LLC 0.07% of their portfolio INDIANAPOLIS, IN 94,79794.8k $13.8m $13.8m 0.07% Added +3.2k +3,206
80 CRA Financial Services, LLC 1.77% of their portfolio NORTHFIELD, NJ 93,59193.6k $13.7m $13.7m 1.77% Reduced -5.6k -5,593
81 US BANCORP \DE\ 0.02% of their portfolio MINNEAPOLIS, MN 92,72592.7k $13.5m $13.5m 0.02% Reduced -1.2k -1,194
82 KCM INVESTMENT ADVISORS LLC 0.45% of their portfolio GREENBRAE, CA 92,70292.7k $13.5m $13.5m 0.45% Added +51 +51
83 MSH Capital Advisors LLC 2.83% of their portfolio SCOTTSDALE, AZ 91,69291.7k $13.4m $13.4m 2.83% Added +7.7k +7,730
84 Fund Evaluation Group, LLC 0.40% of their portfolio CINCINNATI, OH 89,48989.5k $13.1m $13.1m 0.40% New
85 HB Wealth Management, LLC 0.08% of their portfolio Atlanta, GA 89,12389.1k $13.0m $13.0m 0.08% Reduced -170 -170
86 &PARTNERS 0.06% of their portfolio NASHVILLE, TN 87,48487.5k $12.8m $12.8m 0.06% Reduced -21.5k -21,503
87 TD Waterhouse Canada Inc. 0.04% of their portfolio TORONTO, A6 87,29587.3k $12.7m $12.7m 0.04% Added +51.1k +51,053
88 Savant Capital, LLC 0.06% of their portfolio ROCKFORD, IL 86,76686.8k $12.7m $12.7m 0.06% Added +6.2k +6,233
89 CIBC WORLD MARKET INC. 0.02% of their portfolio TORONTO, A6 85,75385.8k $12.5m $12.5m 0.02% Reduced -17.9k -17,948
90 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 85,44785.4k $12.5m $12.5m 0.01% Added +2.7k +2,700
91 M&T Bank Corp 0.04% of their portfolio BUFFALO, NY 84,83484.8k $12.4m $12.4m 0.04% Reduced -3.6k -3,617
92 WESBANCO BANK INC 0.34% of their portfolio WHEELING, WV 83,24683.2k $12.1m $12.1m 0.34% Reduced -1.8k -1,793
93 BLAIR WILLIAM & CO/IL 0.03% of their portfolio CHICAGO, IL 82,75682.8k $12.1m $12.1m 0.03% Added +5.6k +5,551
94 Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. 1.62% of their portfolio FORT WORTH, TX 82,18982.2k $12.0m $12.0m 1.62% Reduced -4.7k -4,675
95 NBT BANK, N.A. 0.78% of their portfolio NORWICH, NY 81,95282.0k $12.0m $12.0m 0.78% Reduced -375 -375
96 TD PRIVATE CLIENT WEALTH LLC 0.24% of their portfolio NEW YORK, NY 80,31780.3k $11.7m $11.7m 0.24% Reduced -2.8k -2,843
97 World Investment Advisors 0.19% of their portfolio LINCROFT, NJ 79,56279.6k $11.6m $11.6m 0.19% Reduced -643 -643
98 IHT Wealth Management, LLC 0.27% of their portfolio Chicago, IL 78,05878.1k $11.4m $11.4m 0.27% Added +907 +907
99 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 77,83977.8k $11.4m $11.4m 0.00% Reduced -3.2k -3,250
100 SAGE RHINO CAPITAL LLC 2.11% of their portfolio MENLO PARK, CA 77,28877.3k $11.3m $11.3m 2.11% Reduced -1.1k -1,126