Vault-13

SPDR SERIES TRUST SPMD

PORTFOLIO S&P400 · ETP · CUSIP 78464A847

680 institutional holders -4 vs Q4 2024
208,018,113208.0m shares reported held*
$10.6bnreported value*
60 new 325 added 207 reduced 62 sold out net bought ≈ $602.8m (+11.8m 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 ($8.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $51.17. Options: 1 managers hold calls ($721.6k notional), 1 hold puts ($35.8k).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 381Q4 22: 427Q1 23: 434Q2 23: 462Q3 23: 485Q4 23: 550Q1 24: 567Q2 24: 593Q3 24: 624Q4 24: 684Q1 25: 680680Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022381
Q4 2022427
Q1 2023434
Q2 2023462
Q3 2023485
Q4 2023550
Q1 2024567
Q2 2024593
Q3 2024624
Q4 2024684
Q1 2025680

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 23: 254 bought or addedQ2 23: 160 cut or sold outQ3 23: 249 bought or addedQ3 23: 195 cut or sold outQ3 23Q4 23: 288 bought or addedQ4 23: 187 cut or sold outQ1 24: 288 bought or addedQ1 24: 230 cut or sold outQ1 24Q2 24: 313 bought or addedQ2 24: 220 cut or sold outQ3 24: 346 bought or addedQ3 24: 214 cut or sold outQ3 24Q4 24: 356 bought or addedQ4 24: 234 cut or sold outQ1 25: 385 bought or addedQ1 25: 269 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023254160
Q3 2023249195
Q4 2023288187
Q1 2024288230
Q2 2024313220
Q3 2024346214
Q4 2024356234
Q1 2025385269

Calls vs puts

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

CallsPuts
$0$200k$400k$600k$800kQ2 24 calls: $5.1kQ2 24 puts: $15.4kQ2 24P/C 3.00Q3 24 calls: $54.7kQ3 24 puts: $0Q3 24P/C 0.00Q4 24 calls: $114.8kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $721.6kQ1 25 puts: $35.8kQ1 25P/C 0.05
Numbers
QuarterCallsPutsP/C
Q2 2024$5.1k$15.4k3.00
Q3 2024$54.7k$00.00
Q4 2024$114.8k$00.00
Q1 2025$721.6k$35.8k0.05

Biggest buyers

Creative Planning Added +3,145,403+3.1m
Hancock Prospecting Pty Ltd New +2,875,190+2.9m
GOLDMAN SACHS GROUP INC Added +1,113,074+1.1m
CWM, LLC Added +874,454+874.5k
UBS Group AG Added +692,903+692.9k
SUN LIFE FINANCIAL INC New +490,800+490.8k
ENVESTNET ASSET MANAGEMENT INC Added +456,111+456.1k
BANK OF AMERICA CORP /DE/ Added +424,203+424.2k
MBB PUBLIC MARKETS I LLC Added +410,000+410.0k
MORGAN STANLEY Added +399,483+399.5k

Biggest sellers

POTOMAC FUND MANAGEMENT INC /ADV Sold out -1,341,805-1.3m
Auto-Owners Insurance Co Reduced -1,031,707-1.0m
GREAT VALLEY ADVISOR GROUP, INC. Reduced -673,871-673.9k
Independent Advisor Alliance Reduced -449,608-449.6k
Savant Capital, LLC Reduced -300,922-300.9k
Symphony Financial, Ltd. Co. Sold out -197,752-197.8k
Foundations Investment Advisors, LLC Reduced -142,497-142.5k
Measured Wealth Private Client Group, LLC Reduced -141,394-141.4k
WALLER FINANCIAL PLANNING GROUP, INC Reduced -119,026-119.0k
First International Bank & Trust Reduced -117,000-117.0k

Biggest calls

CITADEL ADVISORS LLC Added $721.6k14.1k shares

Biggest puts

CITADEL ADVISORS LLC New $35.8k700 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 Creative Planning 3.86% of their portfolio OVERLAND PARK, KS 80,140,00780.1m $4.1bn $4.1bn 3.86% Added +3.1m +3,145,403
2 Betterment LLC 2.17% of their portfolio NEW YORK, NY 17,884,12317.9m $915.3m $915.3m 2.17% Reduced -48.9k -48,865
3 LPL Financial LLC 0.26% of their portfolio FORT MILL, SC 13,097,10613.1m $670.3m $670.3m 0.26% Added +216.6k +216,594
4 CWM, LLC 1.34% of their portfolio OMAHA, NE 6,581,9426.6m $336.9m $336.9m 1.34% Added +874.5k +874,454
5 Valmark Advisers, Inc. 4.92% of their portfolio AKRON, OH 6,369,1526.4m $326.0m $326.0m 4.92% Added +373.5k +373,475
6 AlTi Global, Inc. 7.16% of their portfolio NEW YORK, NY 5,336,9655.3m $273.1m $273.1m 7.16% Reduced -53.4k -53,432
7 TEXAS PERMANENT SCHOOL FUND CORP 5.42% of their portfolio AUSTIN, TX 2,974,2523.0m $152.2m $152.2m 5.42% Unchanged
8 HighTower Advisors, LLC 0.21% of their portfolio CHICAGO, IL 2,964,2123.0m $151.7m $151.7m 0.21% Added +159.6k +159,576
9 Hancock Prospecting Pty Ltd 5.82% of their portfolio West Perth, C3 2,875,1902.9m $147.2m $147.2m 5.82% New
10 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,630,6692.6m $134.6m $134.6m 0.01% Added +399.5k +399,483
11 Facet Wealth, Inc. 3.28% of their portfolio WEST PALM BEACH, FL 2,468,1962.5m $126.7m $126.7m 3.28% Reduced -92.5k -92,508
12 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 2,142,2202.1m $109.6m $109.6m 0.04% Added +456.1k +456,111
13 RFG Advisory, LLC 2.63% of their portfolio BIRMINGHAM, AL 1,898,7361.9m $97.2m $97.2m 2.63% Added +189.6k +189,554
14 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,880,9271.9m $96.3m $96.3m 0.01% Added +424.2k +424,203
15 Atlas Private Wealth Advisors 10.47% of their portfolio RED BANK, NJ 1,467,4181.5m $75.1m $75.1m 10.47% Added +162.3k +162,347
16 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,435,5601.4m $73.5m $73.5m 0.01% Added +1.1m +1,113,074
17 OSAIC HOLDINGS, INC. 0.16% of their portfolio SCOTTSDALE, AZ 1,416,1771.4m $72.5m $72.5m 0.16% Added +280.7k +280,666
18 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.05% of their portfolio MILWAUKEE, WI 1,234,1741.2m $63.2m $63.2m 0.05% Added +105.8k +105,784
19 Private Advisor Group, LLC 0.36% of their portfolio MORRISTOWN, NJ 1,169,9041.2m $59.9m $59.9m 0.36% Reduced -97.3k -97,289
20 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,087,2721.1m $55.6m $55.6m 0.01% Added +692.9k +692,903
21 Cornerstone Wealth Management, LLC 3.60% of their portfolio ST. PETERS, MO 1,038,4321.0m $53.1m $53.1m 3.60% Added +43.6k +43,581
22 First Command Advisory Services, Inc. 0.47% of their portfolio FORT WORTH, TX 954,186954.2k $48.8m $48.8m 0.47% Added +142.7k +142,724
23 MBB PUBLIC MARKETS I LLC 5.56% of their portfolio CHICAGO, IL 942,381942.4k $48.2m $48.2m 5.56% Added +410.0k +410,000
24 Wealthcare Advisory Partners LLC 1.29% of their portfolio WEST CHESTER, PA 937,683937.7k $48.0m $48.0m 1.29% Added +44.3k +44,316
25 MASON STREET ADVISORS, LLC 6.04% of their portfolio MILWAUKEE, WI 927,600927.6k $47.5m $47.5m 6.04% Added +116.1k +116,100
26 Koss-Olinger Consulting, LLC 3.74% of their portfolio GAINESVILLE, FL 867,811867.8k $44.4m $44.4m 3.74% Added +29.0k +28,952
27 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.08% of their portfolio PLYMOUTH, MN 839,124839.1k $42.9m $42.9m 0.08% Added +20.3k +20,288
28 JNBA Financial Advisors 4.42% of their portfolio BLOOMINGTON, MN 833,243833.2k $42.6m $42.6m 4.42% Added +70.4k +70,377
29 HHM Wealth Advisors, LLC 5.59% of their portfolio CHATTANOOGA, TN 811,832811.8k $41.5m $41.5m 5.59% Added +229.9k +229,939
30 AlphaStar Capital Management, LLC 3.87% of their portfolio CORNELIUS, NC 751,570751.6k $38.5m $38.5m 3.87% Added +65.1k +65,123
31 Good Life Advisors, LLC 2.67% of their portfolio READING, PA 740,348740.3k $37.9m $37.9m 2.67% Added +28.4k +28,367
32 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 731,517731.5k $37.4m $37.4m 0.01% Added +74.9k +74,902
33 BLAIR WILLIAM & CO/IL 0.11% of their portfolio CHICAGO, IL 691,922691.9k $35.4m $35.4m 0.11% Added +5.8k +5,795
34 Peterson Wealth Advisors, LLC 6.09% of their portfolio Orem, UT 686,382686.4k $31.5m $31.5m 6.09% Added +13.6k +13,633
35 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 653,472653.5k $33.4m $33.4m 0.01% Reduced -42.8k -42,833
36 GREAT VALLEY ADVISOR GROUP, INC. 0.70% of their portfolio WILMINGTON, DE 638,790638.8k $32.7m $32.7m 0.70% Reduced -673.9k -673,871
37 Savant Capital, LLC 0.27% of their portfolio ROCKFORD, IL 615,686615.7k $31.5m $31.5m 0.27% Reduced -300.9k -300,922
38 Hills Bank & Trust Co 2.19% of their portfolio North Liberty, IA 608,348608.3k $31.1m $31.1m 2.19% Added +38.1k +38,140
39 1900 WEALTH MANAGEMENT LLC 2.41% of their portfolio SAN ANTONIO, TX 566,652566.7k $29.0m $29.0m 2.41% Added +48.8k +48,783
40 WALLER FINANCIAL PLANNING GROUP, INC 8.10% of their portfolio COLUMBUS, OH 563,585563.6k $28.8m $28.8m 8.10% Reduced -119.0k -119,026
41 Geneos Wealth Management Inc. 0.39% of their portfolio ENGLEWOOD, CO 529,914529.9k $27.1m $27.1m 0.39% Added +294.4k +294,368
42 SUN LIFE FINANCIAL INC 1.59% of their portfolio Toronto, A6 490,800490.8k $25.1m $25.1m 1.59% New
43 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 486,544486.5k $24.9m $24.9m 0.01% Added +45.9k +45,872
44 Equitable Holdings, Inc. 0.23% of their portfolio NEW YORK, NY 481,259481.3k $24.6m $24.6m 0.23% Added +65.5k +65,507
45 RKL Wealth Management LLC 2.32% of their portfolio LANCASTER, PA 480,814480.8k $24.6m $24.6m 2.32% Added +276.0k +275,996
46 Impact Partnership Wealth, LLC 4.92% of their portfolio MARIETTA, GA 450,222450.2k $23.0m $23.0m 4.92% Added +101.8k +101,791
47 ASSETMARK, INC 0.06% of their portfolio CONCORD, CA 440,678440.7k $22.6m $22.6m 0.06% Added +1.5k +1,503
48 OneAscent Financial Services LLC 1.43% of their portfolio BIRMINGHAM, AL 426,508426.5k $21.9m $21.9m 1.43% Reduced -7.5k -7,485
49 Farther Finance Advisors, LLC 0.55% of their portfolio SAN FRANCISCO, CA 420,487420.5k $21.6m $21.6m 0.55% Added +107.8k +107,824
50 MML INVESTORS SERVICES, LLC 0.07% of their portfolio SPRINGFIELD, MA 414,139414.1k $21.2m $21.2m 0.07% Added +62.9k +62,861
51 Gerber Kawasaki Wealth & Investment Management 0.92% of their portfolio SANTA MONICA, CA 398,375398.4k $20.4m $20.4m 0.92% Added +24.5k +24,483
52 Corient Private Wealth LP 0.03% of their portfolio MIAMI, FL 388,816388.8k $19.9m $19.9m 0.03% Added +2.4k +2,438
53 FIFTH THIRD BANCORP 0.08% of their portfolio CINCINNATI, OH 387,252387.3k $19.8m $19.8m 0.08% Added +29.9k +29,922
54 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.17% of their portfolio IRVING, TX 386,651386.7k $19.8m $19.8m 0.17% Added +325.4k +325,442
55 Crews Bank & Trust 3.32% of their portfolio PORT CHARLOTTE, FL 380,046380.0k $19.5m $19.5m 3.32% Added +2.6k +2,634
56 RETIREMENT INCOME SOLUTIONS, INC 4.03% of their portfolio ANN ARBOR, MI 376,561376.6k $19.3m $19.3m 4.03% Added +159.8k +159,786
57 Orion Portfolio Solutions, LLC 0.10% of their portfolio Omaha, NE 371,440371.4k $19.7m $19.7m 0.10% Added +184.6k +184,614
58 Envestnet Portfolio Solutions, Inc. 0.07% of their portfolio BERWYN, PA 369,053369.1k $18.9m $18.9m 0.07% Added +8.5k +8,481
59 First National Trust Co 0.76% of their portfolio Johnstown, PA 368,515368.5k $18.9m $18.9m 0.76% Added +100 +100
60 Financial Strategies Group, Inc. 4.20% of their portfolio OKEMOS, MI 368,091368.1k $17.7m $17.7m 4.20% Added +4.0k +4,046
61 RESTON WEALTH MANAGEMENT LLC 7.41% of their portfolio Reston, VA 357,986358.0k $18.3m $18.3m 7.41% Reduced -855 -855
62 ST GERMAIN D J CO INC 0.85% of their portfolio SPRINGFIELD, MA 353,678353.7k $18.1m $18.1m 0.85% Added +25.9k +25,898
63 TLWM 3.60% of their portfolio SAN ANTONIO, TX 351,963352.0k $18.0m $18.0m 3.60% Reduced -1.7k -1,664
64 Waverly Advisors, LLC 0.21% of their portfolio BIRMINGHAM, AL 337,327337.3k $17.3m $17.3m 0.21% Added +35.2k +35,233
65 Summit Trail Advisors, LLC 0.56% of their portfolio NEW YORK, NY 334,521334.5k $17.1m $17.1m 0.56% Reduced -4.0k -3,982
66 CAHABA WEALTH MANAGEMENT, INC. 1.37% of their portfolio Atlanta, GA 323,004323.0k $16.5m $16.5m 1.37% Added +6.7k +6,719
67 NORTH STAR ASSET MANAGEMENT INC 0.74% of their portfolio NEENAH, WI 316,583316.6k $16.2m $16.2m 0.74% Reduced -38.5k -38,540
68 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 306,746306.7k $15.7m $15.7m 0.01% Added +38.1k +38,070
69 Auto-Owners Insurance Co 0.47% of their portfolio LANSING, MI 298,293298.3k $17.8m $17.8m 0.47% Reduced -1.0m -1,031,707
70 Penserra Capital Management LLC 0.27% of their portfolio ORINDA, CA 294,175294.2k $15.1m $15.1m 0.27% New
71 CITIZENS & NORTHERN CORP 4.20% of their portfolio WELLSBORO, PA 291,195291.2k $14.9m $14.9m 4.20% Added +10.7k +10,682
72 Mariner, LLC 0.02% of their portfolio Overland Park, KS 278,442278.4k $14.2m $14.2m 0.02% Added +101.1k +101,143
73 Shepherd Financial Partners LLC 1.65% of their portfolio WINCHESTER, MA 275,302275.3k $14.1m $14.1m 1.65% Added +264.9k +264,931
74 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 274,401274.4k $14.0m $14.0m 0.03% Added +26.0k +25,995
75 New Perspectives, Inc 7.36% of their portfolio TOUGALOO, MS 269,465269.5k $13.8m $13.8m 7.36% Added +8.8k +8,763
76 Sollinda Capital Management LLC 3.82% of their portfolio HICKORY, NC 268,182268.2k $13.7m $13.7m 3.82% Reduced -14.3k -14,278
77 Financial Gravity Asset Management, Inc. 2.94% of their portfolio Lakeway, TX 263,872263.9k $13.5m $13.5m 2.94% First filing
78 Rockefeller Capital Management L.P. 0.03% of their portfolio NEW YORK, NY 258,962259.0k $13.3m $13.3m 0.03% Reduced -7.6k -7,625
79 Advisor Resource Council 1.00% of their portfolio DALLAS, TX 243,713243.7k $12.4m $12.4m 1.00% New
80 EVERMAY WEALTH MANAGEMENT LLC 1.60% of their portfolio ARLINGTON, VA 238,636238.6k $12.2m $12.2m 1.60% Added +30.9k +30,894
81 Ellenbecker Investment Group 2.19% of their portfolio WAUKESHA, WI 238,402238.4k $12.2m $12.2m 2.19% Added +108.0k +108,022
82 TOWNSQUARE CAPITAL LLC 0.13% of their portfolio Lehi, UT 236,256236.3k $12.1m $12.1m 0.13% Added +2.5k +2,506
83 Dakota Wealth Management 0.27% of their portfolio PALM BEACH GARDENS, FL 227,117227.1k $11.6m $11.6m 0.27% Added +162.1k +162,133
84 Alta Wealth Advisors LLC 5.10% of their portfolio Woburn, MA 217,241217.2k $11.1m $11.1m 5.10% Added +5.5k +5,527
85 Advance Capital Management, Inc. 0.53% of their portfolio SOUTHFIELD, MI 216,493216.5k $11.1m $11.1m 0.53% Added +6.0k +5,953
86 Montz Harcus Wealth Management LLC 5.99% of their portfolio New Orleans, LA 214,334214.3k $11.0m $11.0m 5.99% Added +6.8k +6,766
87 Allworth Financial LP 0.06% of their portfolio FOLSOM, CA 214,058214.1k $10.7m $10.7m 0.06% Reduced -28.2k -28,163
88 Avior Wealth Management, LLC 0.41% of their portfolio OMAHA, NE 213,024213.0k $10.9m $10.9m 0.41% Added +12.3k +12,327
89 WBH ADVISORY INC 1.00% of their portfolio BALTIMORE, MD 210,152210.2k $10.8m $10.8m 1.00% Added +4.1k +4,133
90 MONETA GROUP INVESTMENT ADVISORS LLC 0.15% of their portfolio ST LOUIS, MO 207,836207.8k $10.6m $10.6m 0.15% Added +15.7k +15,675
91 CARY STREET PARTNERS FINANCIAL LLC 0.34% of their portfolio RICHMOND, VA 207,199207.2k $10.6m $10.6m 0.34% Added +9.6k +9,616
92 Exchange Capital Management, Inc. 1.71% of their portfolio Ann Arbor, MI 205,914205.9k $10.5m $10.5m 1.71% Added +17.5k +17,544
93 Higgins & Schmidt Wealth Strategies LLC 6.18% of their portfolio DENVER, CO 204,407204.4k $10.5m $10.5m 6.18% Added +7.4k +7,426
94 Syntegra Private Wealth Group, LLC 1.22% of their portfolio Chesterfield, MO 203,085203.1k $10.4m $10.4m 1.22% Added +33.8k +33,756
95 Cascade Financial Partners, LLC 1.31% of their portfolio SAN DIEGO, CA 202,996203.0k $10.4m $10.4m 1.31% Added +9.8k +9,758
96 IAG Wealth Partners, LLC 1.56% of their portfolio WAUKESHA, WI 196,673196.7k $10.1m $10.1m 1.56% Added +13.8k +13,772
97 Louisiana State Employees Retirement System 0.20% of their portfolio BATON ROUGE, LA 196,100196.1k $10.0m $10.0m 0.20% Reduced -22.5k -22,500
98 Gladstone Institutional Advisory LLC 0.46% of their portfolio Bedminster, NJ 194,501194.5k $10.0m $10.0m 0.46% Added +55.4k +55,448
99 WRAPMANAGER INC 2.61% of their portfolio MILL VALLEY, CA 194,255194.3k $9.9m $9.9m 2.61% Added +5.0k +4,972
100 PSI Advisors, LLC 3.20% of their portfolio TAMPA, FL 191,919191.9k $9.8m $9.8m 3.20% Added +6.8k +6,848