Vault-13

SPDR SER TR MDYV

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

364 institutional holders -17 vs Q2 2025
22,205,10922.2m shares reported held*
$1.9bnreported value*
22 new 109 added 156 reduced 30 sold out net sold ≈ $54.6m (-654.6k 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 ($3.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $83.39.

Trends to Q3 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: 375Q2 25: 381Q3 25: 364364Q3 22Q2 23Q1 24Q4 24Q3 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
Q2 2025381
Q3 2025364

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 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 25Q2 25: 158 bought or addedQ2 25: 163 cut or sold outQ3 25: 131 bought or addedQ3 25: 186 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023174122
Q1 2024152172
Q2 2024141178
Q3 2024166145
Q4 2024189119
Q1 2025158179
Q2 2025158163
Q3 2025131186

Calls vs puts

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

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

Biggest buyers

Avantax Planning Partners, Inc. Added +361,398+361.4k
Cetera Investment Advisers Added +119,224+119.2k
AE Wealth Management LLC Added +92,682+92.7k
JPMORGAN CHASE & CO Added +66,812+66.8k
Redwood Investment Management, LLC Added +56,127+56.1k
JONES FINANCIAL COMPANIES LLLP Added +55,352+55.4k
BNP PARIBAS FINANCIAL MARKETS New +50,000+50.0k
Steward Partners Investment Advisory, LLC Added +34,528+34.5k
Intrua Financial, LLC New +27,483+27.5k
Lutz Financial Services LLC Added +24,953+25.0k

Biggest sellers

STIFEL FINANCIAL CORP Reduced -269,551-269.6k
BENJAMIN EDWARDS INC Reduced -241,006-241.0k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -129,420-129.4k
CONFLUENCE INVESTMENT MANAGEMENT LLC Reduced -120,391-120.4k
KWB Wealth Reduced -112,977-113.0k
ROYAL BANK OF CANADA Reduced -75,796-75.8k
MORGAN STANLEY Reduced -71,336-71.3k
Freedom Investment Management, Inc. Reduced -52,065-52.1k
NorthRock Partners, LLC Reduced -48,365-48.4k
IMC-Chicago, LLC Sold out -46,193-46.2k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.27% of their portfolio PLYMOUTH, MN 2,143,4222.1m $178.8m $178.8m 0.27% Reduced -129.4k -129,420
2 NorthRock Partners, LLC 1.99% of their portfolio MINNEAPOLIS, MN 1,320,6381.3m $110.2m $110.2m 1.99% Reduced -48.4k -48,365
3 Financial Engines Advisors L.L.C. 0.20% of their portfolio SANTA CLARA, CA 1,278,8811.3m $106.7m $106.7m 0.20% Reduced -8.2k -8,231
4 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 1,040,9341.0m $86.8m $86.8m 0.03% Reduced -40.8k -40,788
5 Avantax Planning Partners, Inc. 2.00% of their portfolio DUBUQUE, IA 834,328834.3k $69.6m $69.6m 2.00% Added +361.4k +361,398
6 Lutz Financial Services LLC 4.38% of their portfolio OMAHA, NE 726,188726.2k $60.6m $60.6m 4.38% Added +25.0k +24,953
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 666,227666.2k $55.6m $55.6m 0.00% Reduced -71.3k -71,336
8 AE Wealth Management LLC 0.35% of their portfolio TOPEKA, KS 661,703661.7k $55.2m $55.2m 0.35% Added +92.7k +92,682
9 FAS Wealth Partners, Inc. 3.39% of their portfolio LEAWOOD, KS 599,515599.5k $50.0m $50.0m 3.39% Added +11.0k +10,969
10 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 572,940572.9k $47.8m $47.8m 0.04% Reduced -269.6k -269,551
11 TIAA TRUST, NATIONAL ASSOCIATION 0.11% of their portfolio CHARLOTTE, NC 533,069533.1k $44.5m $44.5m 0.11% Reduced -22.8k -22,771
12 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 477,204477.2k $39.8m $39.8m 0.01% Reduced -1.6k -1,629
13 BENJAMIN EDWARDS INC 0.45% of their portfolio Clayton, MO 473,871473.9k $39.5m $39.5m 0.45% Reduced -241.0k -241,006
14 CANANDAIGUA NATIONAL BANK & TRUST CO 2.88% of their portfolio CANANDAIGUA, NY 393,213393.2k $32.8m $32.8m 2.88% Reduced -3.6k -3,612
15 Klingman & Associates, LLC 1.56% of their portfolio New York, NY 370,971371.0k $30.9m $30.9m 1.56% Reduced -1.3k -1,333
16 First Pacific Financial 4.21% of their portfolio VANCOUVER, WA 363,070363.1k $30.3m $30.3m 4.21% Added +4.1k +4,084
17 First National Trust Co 1.02% of their portfolio Johnstown, PA 357,494357.5k $29.8m $29.8m 1.02% Reduced -1.4k -1,361
18 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 328,242328.2k $27.4m $27.4m 0.03% Added +119.2k +119,224
19 Convergence Financial, LLC 3.75% of their portfolio COLUMBIA, MO 299,475299.5k $25.0m $25.0m 3.75% Added +17.5k +17,468
20 Equitable Holdings, Inc. 0.18% of their portfolio NEW YORK, NY 296,490296.5k $24.7m $24.7m 0.18% Reduced -26.5k -26,526
21 GHP Investment Advisors, Inc. 0.98% of their portfolio Denver, CO 280,082280.1k $23.4m $23.4m 0.98% Added +1.5k +1,549
22 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 270,794270.8k $22.6m $22.6m 0.03% Reduced -1.2k -1,165
23 Asset Dedication, LLC 1.31% of their portfolio SAN FRANCISCO, CA 234,133234.1k $19.5m $19.5m 1.31% Added +11.6k +11,569
24 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 224,485224.5k $18.7m $18.7m 0.00% Reduced -21.7k -21,699
25 Rodgers & Associates, LTD 1.90% of their portfolio Lancaster, PA 220,521220.5k $18.4m $18.4m 1.90% Added +5.0k +4,955
26 MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio DENVER, CO 205,824205.8k $17.2m $17.2m 0.03% Added +112 +112
27 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 196,152196.2k $16.4m $16.4m 0.01% Added +55.4k +55,352
28 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.22% of their portfolio ST. LOUIS, MO 187,780187.8k $15.7m $15.7m 0.22% Reduced -120.4k -120,391
29 ERn Financial, LLC 3.09% of their portfolio MIDDLETON, WI 187,625187.6k $15.6m $15.6m 3.09% Reduced -9.2k -9,215
30 IHT Wealth Management, LLC 0.38% of their portfolio Chicago, IL 180,997181.0k $15.1m $15.1m 0.38% Reduced -15.3k -15,262
31 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 155,355155.4k $13.0m $13.0m 0.03% Added +2.5k +2,469
32 BALANCED WEALTH GROUP LLC 5.39% of their portfolio WESTLAKE, OH 151,703151.7k $12.3m $12.3m 5.39% Reduced -468 -468
33 McAdam, LLC 0.62% of their portfolio Philadelphia, PA 150,744150.7k $12.6m $12.6m 0.62% Reduced -2.9k -2,857
34 CWM, LLC 0.04% of their portfolio OMAHA, NE 143,303143.3k $12.0m $12.0m 0.04% Reduced -10.6k -10,563
35 SIGNET FINANCIAL MANAGEMENT, LLC 1.29% of their portfolio PARSIPPANY, NJ 133,321133.3k $11.1m $11.1m 1.29% Reduced -2.0k -2,043
36 Private Wealth Management Group, LLC 2.96% of their portfolio PRINCETON, NJ 129,065129.1k $10.8m $10.8m 2.96% Reduced -3.3k -3,295
37 Marathon Mission, Inc. 6.18% of their portfolio ALBANY, NY 124,176124.2k $10.4m $10.4m 6.18% Reduced -767 -767
38 CARY STREET PARTNERS FINANCIAL LLC 0.26% of their portfolio RICHMOND, VA 121,102121.1k $10.1m $10.1m 0.26% Reduced -1.7k -1,667
39 Alesco Advisors, LLC, An ESL Co 0.27% of their portfolio Pittsford, NY 117,577117.6k $9.8m $9.8m 0.27% Reduced -1.1k -1,096
40 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 116,255116.3k $9.7m $9.7m 0.00% Reduced -6.7k -6,745
41 Mariner, LLC 0.01% of their portfolio Overland Park, KS 112,913112.9k $9.4m $9.4m 0.01% Reduced -13.2k -13,202
42 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 108,513108.5k $9.1m $9.1m 0.01% Reduced -5.6k -5,598
43 JNBA Financial Advisors 0.78% of their portfolio BLOOMINGTON, MN 103,469103.5k $8.6m $8.6m 0.78% Reduced -4.5k -4,545
44 Total Wealth Planning, LLC 0.96% of their portfolio CINCINNATI, OH 99,70499.7k $8.3m $8.3m 0.96% Reduced -2.4k -2,367
45 Prestige Wealth Management Group LLC 1.56% of their portfolio FLEMINGTON, NJ 96,74496.7k $8.1m $8.1m 1.56% Reduced -2.4k -2,392
46 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 96,66996.7k $8.1m $8.1m 0.01% Reduced -8.2k -8,200
47 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 89,02089.0k $7.4m $7.4m 0.00% Added +66.8k +66,812
48 WealthShield Partners, LLC 0.83% of their portfolio CARY, NC 87,44887.4k $7.3m $7.3m 0.83% Reduced -3.4k -3,394
49 CAPITAL WEALTH MANAGEMENT, LLC 2.44% of their portfolio W. WARWICK, RI 83,92483.9k $7.0m $7.0m 2.44% Added +1.0k +1,019
50 WCG Wealth Advisors LLC 0.44% of their portfolio LAS VEGAS, NV 83,75883.8k $7.0m $7.0m 0.44% Reduced -8.7k -8,652
51 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 82,76682.8k $6.9m $6.9m 0.03% Reduced -2.0k -2,033
52 IAG Wealth Partners, LLC 0.82% of their portfolio WAUKESHA, WI 82,13282.1k $6.9m $6.9m 0.82% Reduced -932 -932
53 Rockbridge Investment Management, LCC 0.64% of their portfolio Syracuse, NY 78,16378.2k $6.5m $6.5m 0.64% Reduced -10.0k -10,039
54 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 75,62275.6k $6.3m $6.3m 0.00% Added +1.8k +1,750
55 Avior Wealth Management, LLC 0.20% of their portfolio OMAHA, NE 74,81274.8k $6.2m $6.2m 0.20% Reduced -3.1k -3,068
56 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 73,48673.5k $6.1m $6.1m 0.00% Reduced -16.2k -16,201
57 SAGE FINANCIAL GROUP INC 0.42% of their portfolio W. CONSHOHOCKEN, PA 73,32073.3k $6.1m $6.1m 0.42% Reduced -2.8k -2,829
58 Councilor Wealth, LLC 2.71% of their portfolio BETHESDA, MD 70,08870.1k $5.8m $5.8m 2.71% Reduced -846 -846
59 Pathstone Holdings, LLC 0.02% of their portfolio ENGLEWOOD, NJ 69,32869.3k $5.8m $5.8m 0.02% Added +38 +38
60 Diligent Investors, LLC 1.44% of their portfolio REDLANDS, CA 68,41368.4k $5.7m $5.7m 1.44% Reduced -2.2k -2,216
61 Prism Advisors, Inc. 1.44% of their portfolio STUDIO CITY, CA 63,81663.8k $5.3m $5.3m 1.44% Reduced -22.7k -22,738
62 WALLER FINANCIAL PLANNING GROUP, INC 1.22% of their portfolio COLUMBUS, OH 63,64663.6k $5.3m $5.3m 1.22% Added +1.1k +1,111
63 Redwood Investment Management, LLC 0.55% of their portfolio SCOTTSDALE, AZ 60,48460.5k $5.0m $5.0m 0.55% Added +56.1k +56,127
64 Gladstone Institutional Advisory LLC 0.19% of their portfolio Bedminster, NJ 59,87159.9k $5.0m $5.0m 0.19% Added +740 +740
65 MONECO ADVISORS, LLC 0.41% of their portfolio FAIRFIELD, CT 58,91358.9k $4.9m $4.9m 0.41% Added +15.5k +15,464
66 Koss-Olinger Consulting, LLC 0.37% of their portfolio GAINESVILLE, FL 56,97757.0k $4.5m $4.5m 0.37% Added +8 +8
67 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 55,51155.5k $4.6m $4.6m 0.00% Added +1.9k +1,935
68 RTD Financial Advisors, Inc. 0.56% of their portfolio Philadelphia, PA 55,40955.4k $4.6m $4.6m 0.56% Reduced -280 -280
69 Chicago Partners Investment Group LLC 0.12% of their portfolio CHICAGO, IL 54,42754.4k $4.5m $4.5m 0.12% Added +5.9k +5,852
70 UBS Group AG 0.00% of their portfolio ZURICH, V8 52,02952.0k $4.3m $4.3m 0.00% Added +5.4k +5,448
71 Marotta Asset Management 0.81% of their portfolio CHARLOTTESVILLE, VA 51,60951.6k $4.3m $4.3m 0.81% Reduced -2.0k -2,004
72 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.09% of their portfolio LOS ANGELES, CA 50,58550.6k $4.2m $4.2m 0.09% Added +238 +238
73 Modera Wealth Management, LLC 0.05% of their portfolio WESTWOOD, NJ 50,55850.6k $4.2m $4.2m 0.05% Added +63 +63
74 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 50,00050.0k $4.2m $4.2m 0.00% New
75 Capital Analysts, LLC 0.12% of their portfolio FORT WASHINGTON, PA 47,42247.4k $4.0m $4.0m 0.12% Reduced -2.0k -2,035
76 Canandaigua National Trust Co of Florida 3.12% of their portfolio CANANDAIGUA, NY 47,15847.2k $3.9m $3.9m 3.12% Reduced -4.0k -3,957
77 BAILARD, INC. 0.08% of their portfolio Foster City, CA 45,75145.8k $3.8m $3.8m 0.08% Reduced -2.5k -2,538
78 Montz Harcus Wealth Management LLC 1.66% of their portfolio New Orleans, LA 45,71745.7k $3.8m $3.8m 1.66% Reduced -157 -157
79 Wealthcare Advisory Partners LLC 0.08% of their portfolio WEST CHESTER, PA 43,46143.5k $3.6m $3.6m 0.08% Added +2.3k +2,332
80 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 41,68041.7k $3.5m $3.5m 0.00% Reduced -75.8k -75,796
81 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 41,37841.4k $3.5m $3.5m 0.00% Reduced -8.4k -8,368
82 Geneos Wealth Management Inc. 0.09% of their portfolio ENGLEWOOD, CO 41,06441.1k $3.4m $3.4m 0.09% Reduced -385 -385
83 Koshinski Asset Management, Inc. 0.22% of their portfolio DECATUR, IL 38,40638.4k $3.2m $3.2m 0.22% Reduced -2.0k -2,034
84 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 36,43936.4k $3.0m $3.0m 0.02% Added +34.5k +34,528
85 TOWNSQUARE CAPITAL LLC 0.46% of their portfolio Lehi, UT 36,34636.3k $3.0m $3.0m 0.46% Reduced -5.2k -5,158
86 Occidental Asset Management, LLC 0.37% of their portfolio Burlingame, CA 35,28835.3k $2.9m $2.9m 0.37% Added +1.5k +1,475
87 FIDELIS CAPITAL PARTNERS, LLC 0.22% of their portfolio TAMPA, FL 33,11733.1k $2.8m $2.8m 0.22% Unchanged
88 Courage Miller Partners, LLC 0.78% of their portfolio NORFOLK, VA 31,15931.2k $2.6m $2.6m 0.78% Added +71 +71
89 LODESTAR PRIVATE ASSET MANAGEMENT LLC 0.27% of their portfolio ALAMO, CA 31,01731.0k $2.6m $2.6m 0.27% Reduced -788 -788
90 KINGSWOOD WEALTH ADVISORS, LLC 0.16% of their portfolio SAN DIEGO, CA 30,83530.8k $2.6m $2.6m 0.16% Reduced -698 -698
91 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 29,85329.9k $2.5m $2.5m 0.00% Added +10.8k +10,760
92 Bill Few Associates, Inc. 0.63% of their portfolio SEWICKLEY, PA 29,18029.2k $2.4m $2.4m 0.63% Added +71 +71
93 Brookstone Capital Management 0.03% of their portfolio WHEATON, IL 29,14429.1k $2.4m $2.4m 0.03% Reduced -447 -447
94 Ignite Planners, LLC 0.39% of their portfolio SAN CLEMENTE, CA 28,26028.3k $2.4m $2.4m 0.39% Added +20 +20
95 Garden State Investment Advisory Services LLC 0.59% of their portfolio Red Bank, NJ 27,74527.7k $2.3m $2.3m 0.59% Reduced -505 -505
96 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 27,68227.7k $2.3m $2.3m 0.00% Reduced -3.9k -3,895
97 Intrua Financial, LLC 0.27% of their portfolio Houston, TX 27,48327.5k $2.3m $2.3m 0.27% New
98 TITLEIST ASSET MANAGEMENT, LLC 0.20% of their portfolio SAN ANTONIO, TX 27,35927.4k $2.3m $2.3m 0.20% Reduced -30.0k -29,984
99 CX Institutional 0.07% of their portfolio AUBURN, IN 26,82526.8k $2.2m $2.2m 0.07% Added +734 +734
100 Shum Financial Group, Inc. 1.60% of their portfolio ALAMEDA, CA 25,76425.8k $2.1m $2.1m 1.60% First filing