Vault-13

SPDR SER TR MDYV

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

383 institutional holders +19 vs Q3 2025
22,072,70822.1m shares reported held*
$1.9bnreported value*
22 new 136 added 132 reduced 18 sold out net sold ≈ $18.1m (-214.0k 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 ($8.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $84.97.

Trends to Q4 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: 364Q4 25: 383383Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025383

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 24: 152 bought or addedQ1 24: 172 cut or sold outQ2 24: 141 bought or addedQ2 24: 178 cut or sold outQ2 24Q3 24: 166 bought or addedQ3 24: 145 cut or sold outQ4 24: 189 bought or addedQ4 24: 119 cut or sold outQ4 24Q1 25: 158 bought or addedQ1 25: 179 cut or sold outQ2 25: 158 bought or addedQ2 25: 163 cut or sold outQ2 25Q3 25: 131 bought or addedQ3 25: 186 cut or sold outQ4 25: 158 bought or addedQ4 25: 150 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024152172
Q2 2024141178
Q3 2024166145
Q4 2024189119
Q1 2025158179
Q2 2025158163
Q3 2025131186
Q4 2025158150

Calls vs puts

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

CallsPuts
$0$5k$10k$15k$20kQ1 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 —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$15.4k$7.7k0.50
Q2 2025$0$0—
Q3 2025$0$0—
Q4 2025$0$0—

Biggest buyers

AE Wealth Management LLC Added +197,095+197.1k
WCG Wealth Advisors LLC Added +157,062+157.1k
Avantax Planning Partners, Inc. Added +59,114+59.1k
CWM, LLC Added +58,082+58.1k
Lutz Financial Services LLC Added +57,250+57.2k
Cetera Investment Advisers Added +53,044+53.0k
BANK OF AMERICA CORP /DE/ Added +52,801+52.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +44,382+44.4k
HighTower Advisors, LLC Added +43,115+43.1k
Cambria Investment Management, L.P. New +40,344+40.3k

Biggest sellers

STIFEL FINANCIAL CORP Reduced -318,129-318.1k
BENJAMIN EDWARDS INC Reduced -270,435-270.4k
CONFLUENCE INVESTMENT MANAGEMENT LLC Reduced -109,976-110.0k
Total Wealth Planning, LLC Reduced -93,712-93.7k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -78,733-78.7k
JPMORGAN CHASE & CO Reduced -55,722-55.7k
BNP PARIBAS FINANCIAL MARKETS Sold out -50,000-50.0k
OSAIC HOLDINGS, INC. Reduced -49,487-49.5k
SIGNATURE ESTATE & INVESTMENT ADVISORS LLC Reduced -46,925-46.9k
Prism Advisors, Inc. Reduced -42,839-42.8k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.25% of their portfolio PLYMOUTH, MN 2,064,6892.1m $181.4m $181.4m 0.25% Reduced -78.7k -78,733
2 NorthRock Partners, LLC 1.86% of their portfolio MINNEAPOLIS, MN 1,303,6711.3m $110.4m $110.4m 1.86% Reduced -17.0k -16,967
3 Financial Engines Advisors L.L.C. 0.20% of their portfolio SANTA CLARA, CA 1,254,0791.3m $106.2m $106.2m 0.20% Reduced -24.8k -24,802
4 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 1,053,6541.1m $89.2m $89.2m 0.02% Added +12.7k +12,720
5 Avantax Planning Partners, Inc. 2.12% of their portfolio DUBUQUE, IA 893,442893.4k $75.6m $75.6m 2.12% Added +59.1k +59,114
6 AE Wealth Management LLC 0.42% of their portfolio TOPEKA, KS 858,798858.8k $72.7m $72.7m 0.42% Added +197.1k +197,095
7 Lutz Financial Services LLC 4.51% of their portfolio OMAHA, NE 783,438783.4k $66.3m $66.3m 4.51% Added +57.2k +57,250
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 643,475643.5k $54.5m $54.5m 0.00% Reduced -22.8k -22,752
9 FAS Wealth Partners, Inc. 3.34% of their portfolio LEAWOOD, KS 610,840610.8k $51.7m $51.7m 3.34% Added +11.3k +11,325
10 TIAA TRUST, NATIONAL ASSOCIATION 0.11% of their portfolio CHARLOTTE, NC 531,704531.7k $45.0m $45.0m 0.11% Reduced -1.4k -1,365
11 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 474,394474.4k $40.2m $40.2m 0.01% Reduced -2.8k -2,810
12 CANANDAIGUA NATIONAL BANK & TRUST CO 3.09% of their portfolio CANANDAIGUA, NY 406,771406.8k $34.4m $34.4m 3.09% Added +13.6k +13,558
13 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 381,286381.3k $32.3m $32.3m 0.04% Added +53.0k +53,044
14 Klingman & Associates, LLC 1.52% of their portfolio New York, NY 371,154371.2k $31.4m $31.4m 1.52% Added +183 +183
15 First Pacific Financial 4.09% of their portfolio VANCOUVER, WA 369,750369.8k $31.3m $31.3m 4.09% Added +6.7k +6,680
16 First National Trust Co 1.02% of their portfolio Johnstown, PA 361,397361.4k $30.6m $30.6m 1.02% Added +3.9k +3,903
17 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 313,909313.9k $26.6m $26.6m 0.03% Added +43.1k +43,115
18 Convergence Financial, LLC 3.78% of their portfolio COLUMBIA, MO 306,362306.4k $25.9m $25.9m 3.78% Added +6.9k +6,887
19 Equitable Holdings, Inc. 0.17% of their portfolio NEW YORK, NY 296,276296.3k $25.1m $25.1m 0.17% Reduced -214 -214
20 GHP Investment Advisors, Inc. 0.98% of their portfolio Denver, CO 281,638281.6k $23.8m $23.8m 0.98% Added +1.6k +1,556
21 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 254,811254.8k $21.6m $21.6m 0.02% Reduced -318.1k -318,129
22 WCG Wealth Advisors LLC 0.57% of their portfolio LAS VEGAS, NV 240,820240.8k $20.4m $20.4m 0.57% Added +157.1k +157,062
23 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 233,634233.6k $19.8m $19.8m 0.01% Added +37.5k +37,482
24 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 232,520232.5k $19.7m $19.7m 0.00% Added +8.0k +8,035
25 Asset Dedication, LLC 1.29% of their portfolio SAN FRANCISCO, CA 232,310232.3k $19.7m $19.7m 1.29% Reduced -1.8k -1,823
26 Rodgers & Associates, LTD 1.89% of their portfolio Lancaster, PA 220,040220.0k $18.6m $18.6m 1.89% Reduced -481 -481
27 BENJAMIN EDWARDS INC 0.19% of their portfolio Clayton, MO 203,436203.4k $17.2m $17.2m 0.19% Reduced -270.4k -270,435
28 MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio DENVER, CO 203,268203.3k $17.2m $17.2m 0.03% Reduced -2.6k -2,556
29 CWM, LLC 0.05% of their portfolio OMAHA, NE 201,385201.4k $17.0m $17.0m 0.05% Added +58.1k +58,082
30 ERn Financial, LLC 2.80% of their portfolio MIDDLETON, WI 175,750175.8k $14.9m $14.9m 2.80% Reduced -11.9k -11,875
31 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 162,800162.8k $13.8m $13.8m 0.03% Added +7.4k +7,445
32 BALANCED WEALTH GROUP LLC 4.80% of their portfolio WESTLAKE, OH 156,582156.6k $13.1m $13.1m 4.80% Added +4.9k +4,879
33 McAdam, LLC 0.57% of their portfolio Philadelphia, PA 148,150148.2k $12.5m $12.5m 0.57% Reduced -2.6k -2,594
34 IHT Wealth Management, LLC 0.29% of their portfolio Chicago, IL 139,895139.9k $11.8m $11.8m 0.29% Reduced -41.1k -41,102
35 SIGNET FINANCIAL MANAGEMENT, LLC 1.25% of their portfolio PARSIPPANY, NJ 132,560132.6k $11.2m $11.2m 1.25% Reduced -761 -761
36 Mariner, LLC 0.01% of their portfolio Overland Park, KS 127,799127.8k $10.8m $10.8m 0.01% Added +14.9k +14,886
37 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 126,287126.3k $10.7m $10.7m 0.00% Added +52.8k +52,801
38 Marathon Mission, Inc. 6.06% of their portfolio ALBANY, NY 123,862123.9k $10.5m $10.5m 6.06% Reduced -314 -314
39 Private Wealth Management Group, LLC 2.78% of their portfolio PRINCETON, NJ 122,998123.0k $10.4m $10.4m 2.78% Reduced -6.1k -6,067
40 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 121,844121.8k $10.3m $10.3m 0.00% Added +5.6k +5,589
41 Alesco Advisors, LLC, An ESL Co 0.25% of their portfolio Pittsford, NY 115,831115.8k $9.8m $9.8m 0.25% Reduced -1.7k -1,746
42 CARY STREET PARTNERS FINANCIAL LLC 0.24% of their portfolio RICHMOND, VA 115,375115.4k $9.8m $9.8m 0.24% Reduced -5.7k -5,727
43 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 107,980108.0k $9.1m $9.1m 0.01% Reduced -533 -533
44 JNBA Financial Advisors 0.73% of their portfolio BLOOMINGTON, MN 98,95899.0k $8.4m $8.4m 0.73% Reduced -4.5k -4,511
45 Prestige Wealth Management Group LLC 1.57% of their portfolio FLEMINGTON, NJ 97,04997.0k $8.2m $8.2m 1.57% Added +305 +305
46 CAPITAL WEALTH MANAGEMENT, LLC 2.49% of their portfolio W. WARWICK, RI 90,90890.9k $7.7m $7.7m 2.49% Added +7.0k +6,984
47 MONECO ADVISORS, LLC 0.60% of their portfolio FAIRFIELD, CT 89,33489.3k $7.6m $7.6m 0.60% Added +30.4k +30,421
48 WealthShield Partners, LLC 0.81% of their portfolio CARY, NC 86,99087.0k $7.4m $7.4m 0.81% Reduced -458 -458
49 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 85,59285.6k $7.2m $7.2m 0.03% Added +2.8k +2,826
50 IAG Wealth Partners, LLC 0.82% of their portfolio WAUKESHA, WI 83,41183.4k $7.1m $7.1m 0.82% Added +1.3k +1,279
51 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.10% of their portfolio ST. LOUIS, MO 77,80477.8k $6.6m $6.6m 0.10% Reduced -110.0k -109,976
52 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 76,84676.8k $6.5m $6.5m 0.00% Added +1.2k +1,224
53 SAGE FINANCIAL GROUP INC 0.41% of their portfolio W. CONSHOHOCKEN, PA 73,54573.5k $6.2m $6.2m 0.41% Added +225 +225
54 Avior Wealth Management, LLC 0.19% of their portfolio OMAHA, NE 73,23273.2k $6.2m $6.2m 0.19% Reduced -1.6k -1,580
55 Rockbridge Investment Management, LCC 0.57% of their portfolio Syracuse, NY 72,16572.2k $6.1m $6.1m 0.57% Reduced -6.0k -5,998
56 Pathstone Holdings, LLC 0.02% of their portfolio ENGLEWOOD, NJ 69,32869.3k $5.9m $5.9m 0.02% Unchanged
57 Councilor Wealth, LLC 2.71% of their portfolio BETHESDA, MD 67,81267.8k $5.7m $5.7m 2.71% Reduced -2.3k -2,276
58 Redwood Investment Management, LLC 0.64% of their portfolio SCOTTSDALE, AZ 66,88266.9k $5.7m $5.7m 0.64% Added +6.4k +6,398
59 Diligent Investors, LLC 1.36% of their portfolio REDLANDS, CA 65,24465.2k $5.5m $5.5m 1.36% Reduced -3.2k -3,169
60 Gladstone Institutional Advisory LLC 0.19% of their portfolio Bedminster, NJ 60,69160.7k $5.1m $5.1m 0.19% Added +820 +820
61 Chicago Partners Investment Group LLC 0.13% of their portfolio CHICAGO, IL 57,29757.3k $5.1m $5.1m 0.13% Added +2.9k +2,870
62 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 55,86955.9k $4.7m $4.7m 0.00% Added +358 +358
63 RTD Financial Advisors, Inc. 0.57% of their portfolio Philadelphia, PA 54,96555.0k $4.7m $4.7m 0.57% Reduced -444 -444
64 SACKS & ASSOCIATES, LLC 3.37% of their portfolio WARREN, NJ 54,14254.1k $4.6m $4.6m 3.37% First filing
65 Koss-Olinger Consulting, LLC 0.33% of their portfolio GAINESVILLE, FL 50,98051.0k $4.3m $4.3m 0.33% Reduced -6.0k -5,997
66 Modera Wealth Management, LLC 0.05% of their portfolio WESTWOOD, NJ 50,61850.6k $4.3m $4.3m 0.05% Added +60 +60
67 Marotta Asset Management 0.77% of their portfolio CHARLOTTESVILLE, VA 49,37749.4k $4.2m $4.2m 0.77% Reduced -2.2k -2,232
68 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 47,18247.2k $4.0m $4.0m 0.01% Reduced -49.5k -49,487
69 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 46,85546.9k $4.0m $4.0m 0.01% Added +44.4k +44,382
70 Canandaigua National Trust Co of Florida 2.48% of their portfolio CANANDAIGUA, NY 46,83446.8k $4.0m $4.0m 2.48% Reduced -324 -324
71 Capital Analysts, LLC 0.11% of their portfolio FORT WASHINGTON, PA 46,32946.3k $3.9m $3.9m 0.11% Reduced -1.1k -1,093
72 Wealthcare Advisory Partners LLC 0.08% of their portfolio WEST CHESTER, PA 46,14146.1k $3.9m $3.9m 0.08% Added +2.7k +2,680
73 BAILARD, INC. 0.08% of their portfolio Foster City, CA 45,15745.2k $3.8m $3.8m 0.08% Reduced -594 -594
74 Montz Harcus Wealth Management LLC 1.54% of their portfolio New Orleans, LA 44,96345.0k $3.8m $3.8m 1.54% Reduced -754 -754
75 UBS Group AG 0.00% of their portfolio ZURICH, V8 44,90144.9k $3.8m $3.8m 0.00% Reduced -7.1k -7,128
76 Geneos Wealth Management Inc. 0.09% of their portfolio ENGLEWOOD, CO 44,18844.2k $3.7m $3.7m 0.09% Added +3.1k +3,124
77 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 41,40041.4k $3.5m $3.5m 0.00% Reduced -280 -280
78 Cambria Investment Management, L.P. 0.20% of their portfolio Manhattan Beach, CA 40,34440.3k $3.4m $3.4m 0.20% New
79 Empowered Funds, LLC 0.06% of their portfolio NEWTOWN SQUARE, PA 40,34440.3k $3.4m $3.4m 0.06% New
80 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 39,97340.0k $3.4m $3.4m 0.00% Added +22.1k +22,081
81 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 39,58939.6k $3.4m $3.4m 0.00% Reduced -1.8k -1,789
82 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 37,23637.2k $3.2m $3.2m 0.02% Added +797 +797
83 Occidental Asset Management, LLC 0.35% of their portfolio Burlingame, CA 34,50934.5k $2.9m $2.9m 0.35% Reduced -779 -779
84 Bill Few Associates, Inc. 0.71% of their portfolio SEWICKLEY, PA 34,13734.1k $2.9m $2.9m 0.71% Added +5.0k +4,957
85 Koshinski Asset Management, Inc. 0.18% of their portfolio DECATUR, IL 33,83333.8k $2.9m $2.9m 0.18% Reduced -4.6k -4,573
86 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 33,29833.3k $2.8m $2.8m 0.00% Reduced -55.7k -55,722
87 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 32,38032.4k $2.7m $2.7m 0.01% Added +6.8k +6,753
88 Kingsview Wealth Management, LLC 0.04% of their portfolio GRANTS PASS, OR 32,17532.2k $2.7m $2.7m 0.04% Added +17.5k +17,547
89 WALLER FINANCIAL PLANNING GROUP, INC 0.60% of their portfolio COLUMBUS, OH 31,73331.7k $2.7m $2.7m 0.60% Reduced -31.9k -31,913
90 Courage Miller Partners, LLC 0.79% of their portfolio NORFOLK, VA 30,87930.9k $2.6m $2.6m 0.79% Reduced -280 -280
91 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 30,87830.9k $2.6m $2.6m 0.00% Added +1.0k +1,025
92 FIDELIS CAPITAL PARTNERS, LLC 0.19% of their portfolio TAMPA, FL 30,42430.4k $2.6m $2.6m 0.19% Reduced -2.7k -2,693
93 TITLEIST ASSET MANAGEMENT, LLC 0.21% of their portfolio SAN ANTONIO, TX 30,37730.4k $2.6m $2.6m 0.21% Added +3.0k +3,018
94 Advisor OS, LLC 0.21% of their portfolio CHICAGO, IL 30,34830.3k $2.6m $2.6m 0.21% Added +19.3k +19,258
95 Ignite Planners, LLC 0.41% of their portfolio SAN CLEMENTE, CA 30,26630.3k $2.7m $2.7m 0.41% Added +2.0k +2,006
96 Brookstone Capital Management 0.03% of their portfolio WHEATON, IL 29,01029.0k $2.5m $2.5m 0.03% Reduced -134 -134
97 Shum Financial Group, Inc. 1.71% of their portfolio ALAMEDA, CA 28,11228.1k $2.4m $2.4m 1.71% Added +2.3k +2,348
98 CX Institutional 0.07% of their portfolio AUBURN, IN 27,79227.8k $2.4m $2.4m 0.07% Added +967 +967
99 Intrua Financial, LLC 0.26% of their portfolio Houston, TX 27,63027.6k $2.3m $2.3m 0.26% Added +147 +147
100 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 27,30727.3k $2.3m $2.3m 0.00% Added +16.4k +16,429