Vault-13

SPDR SER TR MDYV

S&P 400 MDCP VAL · ETP · CUSIP 78464A839

375 institutional holders -2 vs Q4 2024
23,852,52823.9m shares reported held*
$1.8bnreported value*
30 new 128 added 151 reduced 28 sold out net sold ≈ $452.5m (-5.9m 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 ($3.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $77.07. Options: 1 managers hold calls ($15.4k notional), 1 hold puts ($7.7k).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 265Q4 22: 315Q1 23: 309Q2 23: 303Q3 23: 306Q4 23: 348Q1 24: 357Q2 24: 342Q3 24: 354Q4 24: 377Q1 25: 375375Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022265
Q4 2022315
Q1 2023309
Q2 2023303
Q3 2023306
Q4 2023348
Q1 2024357
Q2 2024342
Q3 2024354
Q4 2024377
Q1 2025375

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 23: 129 bought or addedQ2 23: 137 cut or sold outQ3 23: 131 bought or addedQ3 23: 138 cut or sold outQ3 23Q4 23: 174 bought or addedQ4 23: 122 cut or sold outQ1 24: 152 bought or addedQ1 24: 172 cut or sold outQ1 24Q2 24: 141 bought or addedQ2 24: 178 cut or sold outQ3 24: 166 bought or addedQ3 24: 145 cut or sold outQ3 24Q4 24: 189 bought or addedQ4 24: 119 cut or sold outQ1 25: 158 bought or addedQ1 25: 179 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023129137
Q3 2023131138
Q4 2023174122
Q1 2024152172
Q2 2024141178
Q3 2024166145
Q4 2024189119
Q1 2025158179

Calls vs puts

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

CallsPuts
$0$10k$20k$30k$40kQ2 24 calls: $0Q2 24 puts: $0Q2 24P/C —Q3 24 calls: $31.8kQ3 24 puts: $0Q3 24P/C 0.00Q4 24 calls: $32.1kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $15.4kQ1 25 puts: $7.7kQ1 25P/C 0.50
Numbers
QuarterCallsPutsP/C
Q2 2024$0$0—
Q3 2024$31.8k$00.00
Q4 2024$32.1k$00.00
Q1 2025$15.4k$7.7k0.50

Biggest buyers

MORGAN STANLEY Added +127,906+127.9k
MERCER GLOBAL ADVISORS INC /ADV Added +116,967+117.0k
ENVESTNET ASSET MANAGEMENT INC Added +93,604+93.6k
Avantax Planning Partners, Inc. Added +73,731+73.7k
MML INVESTORS SERVICES, LLC Added +68,472+68.5k
Clark Capital Management Group, Inc. Added +65,216+65.2k
AE Wealth Management LLC Added +62,403+62.4k
Geneos Wealth Management Inc. Added +42,243+42.2k
Cetera Investment Advisers Added +42,149+42.1k
GTS SECURITIES LLC New +28,287+28.3k

Biggest sellers

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -4,326,484-4.3m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -968,305-968.3k
Kestra Advisory Services, LLC Reduced -380,525-380.5k
TIAA TRUST, NATIONAL ASSOCIATION Reduced -209,510-209.5k
RAYMOND JAMES FINANCIAL INC Reduced -122,798-122.8k
Jacobi Capital Management LLC Sold out -102,421-102.4k
IHT Wealth Management, LLC Reduced -94,225-94.2k
Thrivent Financial for Lutherans Sold out -69,635-69.6k
Stratos Wealth Partners, LTD. Sold out -55,228-55.2k
Clarus Wealth Advisors Sold out -52,951-53.0k

Biggest calls

CITADEL ADVISORS LLC Reduced $15.4k200 shares

Biggest puts

CITADEL ADVISORS LLC New $7.7k100 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 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.37% of their portfolio PLYMOUTH, MN 2,519,6572.5m $194.1m $194.1m 0.37% Reduced -4.3m -4,326,484
2 NorthRock Partners, LLC 3.44% of their portfolio MINNEAPOLIS, MN 1,328,2211.3m $102.3m $102.3m 3.44% Reduced -194 -194
3 Financial Engines Advisors L.L.C. 0.21% of their portfolio SANTA CLARA, CA 1,290,8721.3m $99.5m $99.5m 0.21% Reduced -50.1k -50,058
4 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 1,136,1501.1m $87.5m $87.5m 0.03% Added +25.8k +25,816
5 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 724,498724.5k $55.8m $55.8m 0.00% Added +127.9k +127,906
6 Lutz Financial Services LLC 4.44% of their portfolio OMAHA, NE 703,995704.0k $54.2m $54.2m 4.44% Added +9.3k +9,298
7 STIFEL FINANCIAL CORP 0.05% of their portfolio ST. LOUIS, MO 668,705668.7k $51.5m $51.5m 0.05% Reduced -5.8k -5,790
8 TIAA TRUST, NATIONAL ASSOCIATION 0.14% of their portfolio CHARLOTTE, NC 601,299601.3k $46.3m $46.3m 0.14% Reduced -209.5k -209,510
9 BENJAMIN EDWARDS INC 0.61% of their portfolio Clayton, MO 566,659566.7k $43.7m $43.7m 0.61% Reduced -4.7k -4,714
10 AE Wealth Management LLC 0.36% of their portfolio TOPEKA, KS 558,043558.0k $43.0m $43.0m 0.36% Added +62.4k +62,403
11 FAS Wealth Partners, Inc. 3.50% of their portfolio LEAWOOD, KS 556,287556.3k $42.9m $42.9m 3.50% Added +8.4k +8,407
12 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 492,216492.2k $37.9m $37.9m 0.01% Added +12.0k +12,005
13 Avantax Planning Partners, Inc. 1.12% of their portfolio DUBUQUE, IA 412,142412.1k $31.8m $31.8m 1.12% Added +73.7k +73,731
14 CANANDAIGUA NATIONAL BANK & TRUST CO 3.07% of their portfolio CANANDAIGUA, NY 399,512399.5k $30.8m $30.8m 3.07% Added +18.5k +18,502
15 First Pacific Financial 5.52% of their portfolio VANCOUVER, WA 353,181353.2k $27.2m $27.2m 5.52% Added +3.3k +3,311
16 Klingman & Associates, LLC 1.63% of their portfolio New York, NY 346,152346.2k $26.7m $26.7m 1.63% Added +2.6k +2,576
17 First National Trust Co 1.06% of their portfolio Johnstown, PA 340,995341.0k $26.3m $26.3m 1.06% Reduced -16.7k -16,679
18 MERCER GLOBAL ADVISORS INC /ADV 0.06% of their portfolio DENVER, CO 333,870333.9k $25.7m $25.7m 0.06% Added +117.0k +116,967
19 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 329,148329.1k $25.4m $25.4m 0.01% Added +93.6k +93,604
20 Equitable Holdings, Inc. 0.21% of their portfolio NEW YORK, NY 290,591290.6k $22.4m $22.4m 0.21% Reduced -894 -894
21 GHP Investment Advisors, Inc. 1.02% of their portfolio Denver, CO 275,305275.3k $21.2m $21.2m 1.02% Added +1.7k +1,659
22 Convergence Financial, LLC 4.05% of their portfolio COLUMBIA, MO 267,771267.8k $20.6m $20.6m 4.05% Added +2.2k +2,159
23 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 261,025261.0k $20.1m $20.1m 0.00% Added +18.5k +18,506
24 Clark Capital Management Group, Inc. 0.14% of their portfolio PHILADELPHIA, PA 255,331255.3k $19.7m $19.7m 0.14% Added +65.2k +65,216
25 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 249,664249.7k $19.2m $19.2m 0.04% Added +42.1k +42,149
26 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.27% of their portfolio ST. LOUIS, MO 243,860243.9k $18.8m $18.8m 0.27% Reduced -8.1k -8,126
27 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 242,170242.2k $18.7m $18.7m 0.03% Added +7.3k +7,281
28 Asset Dedication, LLC 1.41% of their portfolio SAN FRANCISCO, CA 226,016226.0k $17.4m $17.4m 1.41% Reduced -51.3k -51,342
29 Rodgers & Associates, LTD 2.03% of their portfolio Lancaster, PA 216,093216.1k $16.6m $16.6m 2.03% Added +4.8k +4,806
30 ERn Financial, LLC 2.56% of their portfolio MIDDLETON, WI 210,160210.2k $16.2m $16.2m 2.56% Reduced -1.7k -1,700
31 Avior Wealth Management, LLC 0.59% of their portfolio OMAHA, NE 201,976202.0k $15.6m $15.6m 0.59% Added +992 +992
32 IHT Wealth Management, LLC 0.46% of their portfolio Chicago, IL 189,110189.1k $14.6m $14.6m 0.46% Reduced -94.2k -94,225
33 Kestra Advisory Services, LLC 0.07% of their portfolio AUSTIN, TX 185,320185.3k $14.3m $14.3m 0.07% Reduced -380.5k -380,525
34 KWB Wealth 1.74% of their portfolio REDLANDS, CA 180,099180.1k $14.4m $14.4m 1.74% Reduced -10.0k -9,955
35 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 169,428169.4k $13.1m $13.1m 0.02% Reduced -14.3k -14,299
36 Marathon Mission, Inc. 8.40% of their portfolio ALBANY, NY 155,855155.9k $12.0m $12.0m 8.40% Reduced -2.0k -1,981
37 McAdam, LLC 0.74% of their portfolio Philadelphia, PA 155,544155.5k $12.0m $12.0m 0.74% Reduced -10.3k -10,344
38 Foundations Investment Advisors, LLC 0.21% of their portfolio PHOENIX, AZ 148,497148.5k $11.4m $11.4m 0.21% Added +7.8k +7,764
39 SIGNET FINANCIAL MANAGEMENT, LLC 1.54% of their portfolio PARSIPPANY, NJ 147,720147.7k $11.4m $11.4m 1.54% Reduced -21.0k -21,000
40 CWM, LLC 0.04% of their portfolio OMAHA, NE 142,507142.5k $11.0m $11.0m 0.04% Added +9.1k +9,144
41 BALANCED WEALTH GROUP LLC 5.27% of their portfolio WESTLAKE, OH 141,552141.6k $10.9m $10.9m 5.27% Reduced -1.3k -1,335
42 CARY STREET PARTNERS FINANCIAL LLC 0.33% of their portfolio RICHMOND, VA 134,504134.5k $10.4m $10.4m 0.33% Reduced -8.2k -8,231
43 Private Wealth Management Group, LLC 3.80% of their portfolio PRINCETON, NJ 133,666133.7k $10.3m $10.3m 3.80% Reduced -59 -59
44 Mariner, LLC 0.02% of their portfolio Overland Park, KS 125,842125.8k $9.7m $9.7m 0.02% Added +11.2k +11,212
45 TOWNSQUARE CAPITAL LLC 0.10% of their portfolio Lehi, UT 123,296123.3k $9.5m $9.5m 0.10% Added +4.1k +4,133
46 Alesco Advisors, LLC, An ESL Co 0.29% of their portfolio Pittsford, NY 119,404119.4k $9.2m $9.2m 0.29% Reduced -1.2k -1,188
47 JNBA Financial Advisors 0.94% of their portfolio BLOOMINGTON, MN 117,815117.8k $9.1m $9.1m 0.94% Reduced -8.9k -8,909
48 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 114,350114.3k $8.8m $8.8m 0.00% Reduced -24.1k -24,143
49 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 106,172106.2k $8.1m $8.1m 0.01% Added +21.6k +21,563
50 Prestige Wealth Management Group LLC 1.60% of their portfolio FLEMINGTON, NJ 97,05797.1k $7.5m $7.5m 1.60% Added +17.0k +17,028
51 Total Wealth Planning, LLC 1.13% of their portfolio CINCINNATI, OH 95,52395.5k $7.4m $7.4m 1.13% Reduced -2.3k -2,275
52 Rockbridge Investment Management, LCC 0.85% of their portfolio Syracuse, NY 93,04693.0k $7.2m $7.2m 0.85% Reduced -4.9k -4,894
53 WealthShield Partners, LLC 0.91% of their portfolio CARY, NC 91,55291.6k $7.1m $7.1m 0.91% Added +601 +601
54 WCG Wealth Advisors LLC 0.52% of their portfolio LAS VEGAS, NV 88,70588.7k $6.8m $6.8m 0.52% Reduced -11.5k -11,519
55 AVANTAX ADVISORY SERVICES, INC. 0.04% of their portfolio DALLAS, TX 88,00888.0k $6.8m $6.8m 0.04% Added +3.9k +3,866
56 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 86,20486.2k $6.6m $6.6m 0.01% Reduced -31.5k -31,491
57 Geneos Wealth Management Inc. 0.09% of their portfolio ENGLEWOOD, CO 83,55083.5k $6.4m $6.4m 0.09% Added +42.2k +42,243
58 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 81,88981.9k $6.3m $6.3m 0.02% Added +68.5k +68,472
59 CAPITAL WEALTH MANAGEMENT, LLC 2.59% of their portfolio W. WARWICK, RI 81,07181.1k $6.2m $6.2m 2.59% Added +11.4k +11,369
60 SAGE FINANCIAL GROUP INC 0.48% of their portfolio W. CONSHOHOCKEN, PA 76,37476.4k $5.9m $5.9m 0.48% Reduced -1.1k -1,055
61 Diligent Investors, LLC 1.43% of their portfolio REDLANDS, CA 76,32076.3k $5.9m $5.9m 1.43% Reduced -9.3k -9,259
62 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 74,65874.7k $5.8m $5.8m 0.00% Reduced -122.8k -122,798
63 Councilor Wealth, LLC 2.86% of their portfolio BETHESDA, MD 74,26174.3k $5.7m $5.7m 2.86% Reduced -5.0k -5,033
64 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 71,18771.2k $5.5m $5.5m 0.03% Added +8.2k +8,211
65 Pathstone Holdings, LLC 0.02% of their portfolio ENGLEWOOD, NJ 69,29069.3k $5.3m $5.3m 0.02% Unchanged
66 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 68,22768.2k $5.3m $5.3m 0.00% Added +40 +40
67 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 67,99568.0k $5.2m $5.2m 0.00% Reduced -4.1k -4,143
68 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.13% of their portfolio LOS ANGELES, CA 66,27766.3k $5.1m $5.1m 0.13% Added +19.2k +19,187
69 Koss-Olinger Consulting, LLC 0.42% of their portfolio GAINESVILLE, FL 65,29265.3k $5.0m $5.0m 0.42% Reduced -910 -910
70 Freedom Investment Management, Inc. 0.39% of their portfolio SOUTH WINDSOR, CT 60,16360.2k $4.6m $4.6m 0.39% Reduced -4.8k -4,764
71 Marotta Asset Management 0.91% of their portfolio CHARLOTTESVILLE, VA 58,40858.4k $4.6m $4.6m 0.91% Added +3.2k +3,165
72 IAG Wealth Partners, LLC 0.69% of their portfolio WAUKESHA, WI 57,70157.7k $4.4m $4.4m 0.69% Reduced -1.2k -1,204
73 Gladstone Institutional Advisory LLC 0.20% of their portfolio Bedminster, NJ 56,82456.8k $4.4m $4.4m 0.20% Added +297 +297
74 RTD Financial Advisors, Inc. 0.58% of their portfolio Philadelphia, PA 55,71655.7k $4.3m $4.3m 0.58% Reduced -2.7k -2,723
75 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 55,25055.2k $4.3m $4.3m 0.00% Reduced -700 -700
76 WALLER FINANCIAL PLANNING GROUP, INC 1.14% of their portfolio COLUMBUS, OH 52,61252.6k $4.1m $4.1m 1.14% Reduced -18.1k -18,115
77 Canandaigua National Trust Co of Florida 3.51% of their portfolio CANANDAIGUA, NY 51,68451.7k $4.0m $4.0m 3.51% Added +1.1k +1,056
78 Modera Wealth Management, LLC 0.05% of their portfolio WESTWOOD, NJ 50,42650.4k $3.9m $3.9m 0.05% Added +41 +41
79 BAILARD, INC. 0.10% of their portfolio Foster City, CA 49,20349.2k $3.8m $3.8m 0.10% Reduced -314 -314
80 UBS Group AG 0.00% of their portfolio ZURICH, V8 48,25848.3k $3.7m $3.7m 0.00% Reduced -2.2k -2,245
81 Chicago Partners Investment Group LLC 0.12% of their portfolio CHICAGO, IL 46,99847.0k $3.5m $3.5m 0.12% Added +7.7k +7,727
82 Montz Harcus Wealth Management LLC 1.87% of their portfolio New Orleans, LA 44,35244.4k $3.4m $3.4m 1.87% Added +1.8k +1,827
83 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 43,56443.6k $3.4m $3.4m 0.00% Reduced -30.9k -30,915
84 Koshinski Asset Management, Inc. 0.28% of their portfolio DECATUR, IL 42,88542.9k $3.3m $3.3m 0.28% Reduced -2.2k -2,196
85 Wealthcare Advisory Partners LLC 0.08% of their portfolio WEST CHESTER, PA 38,39338.4k $3.0m $3.0m 0.08% Added +2.4k +2,399
86 Garden State Investment Advisory Services LLC 0.93% of their portfolio Red Bank, NJ 37,50137.5k $2.9m $2.9m 0.93% Reduced -20.6k -20,617
87 EP Wealth Advisors, LLC 0.02% of their portfolio TORRANCE, CA 37,16337.2k $2.9m $2.9m 0.02% Reduced -40.8k -40,780
88 MONECO ADVISORS, LLC 0.29% of their portfolio FAIRFIELD, CT 36,09536.1k $2.8m $2.8m 0.29% Added +14.6k +14,575
89 Orion Portfolio Solutions, LLC 0.01% of their portfolio Omaha, NE 35,69435.7k $2.8m $2.8m 0.01% Added +16.7k +16,667
90 PRINCIPAL SECURITIES, INC. 0.06% of their portfolio DES MOINES, IA 34,33034.3k $2.8m $2.8m 0.06% Unchanged
91 Rialto Wealth Management, LLC 0.82% of their portfolio SYRACUSE, NY 34,04134.0k $2.6m $2.6m 0.82% Reduced -1.1k -1,055
92 KINGSWOOD WEALTH ADVISORS, LLC 0.23% of their portfolio SAN DIEGO, CA 32,51932.5k $2.5m $2.5m 0.23% Added +3.4k +3,436
93 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 32,41932.4k $2.5m $2.5m 0.01% Reduced -2.5k -2,537
94 LODESTAR PRIVATE ASSET MANAGEMENT LLC 0.31% of their portfolio ALAMO, CA 32,38432.4k $2.5m $2.5m 0.31% Reduced -2.7k -2,688
95 Occidental Asset Management, LLC 0.37% of their portfolio Burlingame, CA 31,93231.9k $2.5m $2.5m 0.37% Added +1.1k +1,068
96 Perennial Investment Advisors, LLC 0.28% of their portfolio Los Angeles, CA 31,74931.7k $2.4m $2.4m 0.28% Reduced -4.8k -4,773
97 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 31,69531.7k $2.4m $2.4m 0.00% Reduced -968.3k -968,305
98 Brookstone Capital Management 0.03% of their portfolio WHEATON, IL 30,11030.1k $2.3m $2.3m 0.03% Added +10.5k +10,509
99 Courage Miller Partners, LLC 0.78% of their portfolio NORFOLK, VA 29,70629.7k $2.3m $2.3m 0.78% Added +855 +855
100 GTS SECURITIES LLC 0.09% of their portfolio NEW YORK, NY 28,28728.3k $2.2m $2.2m 0.09% New