Vault-13

SPDR SERIES TRUST SPMD

PORTFOLIO S&P400 · ETP · CUSIP 78464A847

726 institutional holders +46 vs Q1 2025
214,249,553214.2m shares reported held*
$11.7bnreported value*
86 new 297 added 232 reduced 48 sold out net bought ≈ $327.5m (+6.1m 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 ($15.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $54.40. Options: 1 managers hold calls ($609.1k notional), 0 hold puts (—).

Trends to Q2 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: 680Q2 25: 726726Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 2025726

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 249 bought or addedQ3 23: 195 cut or sold outQ4 23: 288 bought or addedQ4 23: 187 cut or sold outQ4 23Q1 24: 288 bought or addedQ1 24: 230 cut or sold outQ2 24: 313 bought or addedQ2 24: 220 cut or sold outQ2 24Q3 24: 346 bought or addedQ3 24: 214 cut or sold outQ4 24: 356 bought or addedQ4 24: 234 cut or sold outQ4 24Q1 25: 385 bought or addedQ1 25: 269 cut or sold outQ2 25: 383 bought or addedQ2 25: 280 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023249195
Q4 2023288187
Q1 2024288230
Q2 2024313220
Q3 2024346214
Q4 2024356234
Q1 2025385269
Q2 2025383280

Calls vs puts

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

CallsPuts
$0$200k$400k$600k$800kQ3 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 0.05Q2 25 calls: $609.1kQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$54.7k$00.00
Q4 2024$114.8k$00.00
Q1 2025$721.6k$35.8k0.05
Q2 2025$609.1k$00.00

Biggest buyers

Creative Planning Added +2,922,150+2.9m
EXCHANGE TRADED CONCEPTS, LLC New +1,731,058+1.7m
Betterment LLC Added +1,271,524+1.3m
ROYAL BANK OF CANADA Added +788,245+788.2k
Auto-Owners Insurance Co Added +741,707+741.7k
Thrivent Financial for Lutherans Added +610,877+610.9k
Hills Bank & Trust Co Added +586,903+586.9k
ENVESTNET ASSET MANAGEMENT INC Added +555,823+555.8k
Farther Finance Advisors, LLC Added +550,634+550.6k
BOKF, NA Added +444,189+444.2k

Biggest sellers

CWM, LLC Reduced -1,887,070-1.9m
AlTi Global, Inc. Reduced -1,634,852-1.6m
RFG Advisory, LLC Reduced -1,322,579-1.3m
MBB PUBLIC MARKETS I LLC Sold out -942,381-942.4k
GOLDMAN SACHS GROUP INC Reduced -532,417-532.4k
SUN LIFE FINANCIAL INC Sold out -490,800-490.8k
LPL Financial LLC Reduced -429,729-429.7k
TLWM Sold out -351,963-352.0k
Private Advisor Group, LLC Reduced -273,189-273.2k
Geneos Wealth Management Inc. Reduced -249,470-249.5k

Biggest calls

CITADEL ADVISORS LLC Reduced $609.1k11.2k shares

Biggest puts

None

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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Creative Planning 3.86% of their portfolio OVERLAND PARK, KS 83,062,15783.1m $4.5bn $4.5bn 3.86% Added +2.9m +2,922,150
2 Betterment LLC 2.22% of their portfolio NEW YORK, NY 19,155,64719.2m $1.0bn $1.0bn 2.22% Added +1.3m +1,271,524
3 LPL Financial LLC 0.23% of their portfolio FORT MILL, SC 12,667,37712.7m $688.9m $688.9m 0.23% Reduced -429.7k -429,729
4 Valmark Advisers, Inc. 5.03% of their portfolio AKRON, OH 6,643,9176.6m $361.3m $361.3m 5.03% Added +274.8k +274,765
5 CWM, LLC 0.90% of their portfolio OMAHA, NE 4,694,8724.7m $255.3m $255.3m 0.90% Reduced -1.9m -1,887,070
6 AlTi Global, Inc. 5.05% of their portfolio NEW YORK, NY 3,702,1133.7m $201.3m $201.3m 5.05% Reduced -1.6m -1,634,852
7 HighTower Advisors, LLC 0.22% of their portfolio CHICAGO, IL 3,206,3683.2m $174.4m $174.4m 0.22% Added +242.2k +242,156
8 TEXAS PERMANENT SCHOOL FUND CORP 5.45% of their portfolio AUSTIN, TX 2,982,0433.0m $162.2m $162.2m 5.45% Added +7.8k +7,791
9 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,978,6163.0m $162.0m $162.0m 0.01% Added +347.9k +347,947
10 Hancock Prospecting Pty Ltd 4.97% of their portfolio West Perth, C3 2,875,1902.9m $156.4m $156.4m 4.97% Unchanged
11 Facet Wealth, Inc. 3.42% of their portfolio WEST PALM BEACH, FL 2,726,1202.7m $150.6m $150.6m 3.42% Added +257.9k +257,924
12 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 2,698,0432.7m $146.7m $146.7m 0.04% Added +555.8k +555,823
13 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,871,2211.9m $101.8m $101.8m 0.01% Reduced -9.7k -9,706
14 EXCHANGE TRADED CONCEPTS, LLC 1.20% of their portfolio Oklahoma City, OK 1,731,0581.7m $94.1m $94.1m 1.20% New
15 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.06% of their portfolio MILWAUKEE, WI 1,549,8041.5m $84.3m $84.3m 0.06% Added +315.6k +315,630
16 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,519,7621.5m $82.6m $82.6m 0.01% Added +788.2k +788,245
17 OSAIC HOLDINGS, INC. 0.14% of their portfolio SCOTTSDALE, AZ 1,443,5541.4m $78.3m $78.3m 0.14% Added +27.4k +27,377
18 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,434,8971.4m $78.0m $78.0m 0.02% Added +347.6k +347,625
19 Atlas Private Wealth Advisors 9.96% of their portfolio RED BANK, NJ 1,423,1201.4m $77.4m $77.4m 9.96% Reduced -44.3k -44,298
20 Hills Bank & Trust Co 4.10% of their portfolio North Liberty, IA 1,195,2511.2m $65.0m $65.0m 4.10% Added +586.9k +586,903
21 First Command Advisory Services, Inc. 0.53% of their portfolio FORT WORTH, TX 1,139,4301.1m $62.0m $62.0m 0.53% Added +185.2k +185,244
22 Cornerstone Wealth Management, LLC 3.54% of their portfolio ST. PETERS, MO 1,072,7761.1m $58.3m $58.3m 3.54% Added +34.3k +34,344
23 Auto-Owners Insurance Co 1.26% of their portfolio LANSING, MI 1,040,0001.0m $56.6m $56.6m 1.26% Added +741.7k +741,707
24 Wealthcare Advisory Partners LLC 1.28% of their portfolio WEST CHESTER, PA 1,031,9941.0m $56.1m $56.1m 1.28% Added +94.3k +94,311
25 Farther Finance Advisors, LLC 1.06% of their portfolio SAN FRANCISCO, CA 971,121971.1k $52.8m $52.8m 1.06% Added +550.6k +550,634
26 MASON STREET ADVISORS, LLC 5.90% of their portfolio MILWAUKEE, WI 927,600927.6k $50.4m $50.4m 5.90% Unchanged
27 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 903,143903.1k $49.1m $49.1m 0.01% Reduced -532.4k -532,417
28 Private Advisor Group, LLC 0.26% of their portfolio MORRISTOWN, NJ 896,715896.7k $48.8m $48.8m 0.26% Reduced -273.2k -273,189
29 Koss-Olinger Consulting, LLC 3.90% of their portfolio GAINESVILLE, FL 874,665874.7k $47.6m $47.6m 3.90% Added +6.9k +6,854
30 HHM Wealth Advisors, LLC 5.56% of their portfolio CHATTANOOGA, TN 860,852860.9k $46.8m $46.8m 5.56% Added +49.0k +49,020
31 JNBA Financial Advisors 4.33% of their portfolio BLOOMINGTON, MN 827,232827.2k $45.0m $45.0m 4.33% Reduced -6.0k -6,011
32 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.36% of their portfolio IRVING, TX 816,324816.3k $44.4m $44.4m 0.36% Added +429.7k +429,673
33 Good Life Advisors, LLC 2.75% of their portfolio READING, PA 810,600810.6k $44.1m $44.1m 2.75% Added +70.3k +70,252
34 AlphaStar Capital Management, LLC 2.75% of their portfolio CORNELIUS, NC 720,474720.5k $39.2m $39.2m 2.75% Reduced -31.1k -31,096
35 Peterson Wealth Advisors, LLC 6.25% of their portfolio Orem, UT 696,729696.7k $37.9m $37.9m 6.25% Added +10.3k +10,347
36 BLAIR WILLIAM & CO/IL 0.10% of their portfolio CHICAGO, IL 681,911681.9k $37.1m $37.1m 0.10% Reduced -10.0k -10,011
37 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.06% of their portfolio PLYMOUTH, MN 673,664673.7k $37.7m $37.7m 0.06% Reduced -165.5k -165,460
38 WALLER FINANCIAL PLANNING GROUP, INC 8.78% of their portfolio COLUMBUS, OH 668,292668.3k $36.3m $36.3m 8.78% Added +104.7k +104,707
39 GREAT VALLEY ADVISOR GROUP, INC. 0.77% of their portfolio WILMINGTON, DE 638,392638.4k $34.7m $34.7m 0.77% Reduced -398 -398
40 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 637,637637.6k $34.7m $34.7m 0.01% Reduced -15.8k -15,835
41 Thrivent Financial for Lutherans 0.07% of their portfolio Minneapolis, MN 627,323627.3k $34.1m $34.1m 0.07% Added +610.9k +610,877
42 1900 WEALTH MANAGEMENT LLC 2.58% of their portfolio SAN ANTONIO, TX 626,762626.8k $34.1m $34.1m 2.58% Added +60.1k +60,110
43 RETIREMENT INCOME SOLUTIONS, INC 6.03% of their portfolio ANN ARBOR, MI 603,915603.9k $32.8m $32.8m 6.03% Added +227.4k +227,354
44 RFG Advisory, LLC 0.74% of their portfolio BIRMINGHAM, AL 576,157576.2k $31.3m $31.3m 0.74% Reduced -1.3m -1,322,579
45 Rockefeller Capital Management L.P. 0.04% of their portfolio NEW YORK, NY 571,912571.9k $31.1m $31.1m 0.04% Added +312.9k +312,950
46 BOKF, NA 0.50% of their portfolio TULSA, OK 564,777564.8k $30.7m $30.7m 0.50% Added +444.2k +444,189
47 RKL Wealth Management LLC 2.65% of their portfolio LANCASTER, PA 554,543554.5k $30.2m $30.2m 2.65% Added +73.7k +73,729
48 Equitable Holdings, Inc. 0.23% of their portfolio NEW YORK, NY 515,423515.4k $28.0m $28.0m 0.23% Added +34.2k +34,164
49 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 509,894509.9k $27.7m $27.7m 0.01% Added +23.4k +23,350
50 Impact Partnership Wealth, LLC 4.92% of their portfolio MARIETTA, GA 490,448490.4k $26.7m $26.7m 4.92% Added +40.2k +40,226
51 Global Retirement Partners, LLC 0.64% of their portfolio San Rafael, CA 474,386474.4k $25.8m $25.8m 0.64% First filing
52 MML INVESTORS SERVICES, LLC 0.07% of their portfolio SPRINGFIELD, MA 460,627460.6k $25.0m $25.0m 0.07% Added +46.5k +46,488
53 Savant Capital, LLC 0.18% of their portfolio ROCKFORD, IL 459,558459.6k $25.0m $25.0m 0.18% Reduced -156.1k -156,128
54 ASSETMARK, INC 0.06% of their portfolio CONCORD, CA 442,486442.5k $24.1m $24.1m 0.06% Added +1.8k +1,808
55 OneAscent Financial Services LLC 1.71% of their portfolio BIRMINGHAM, AL 434,356434.4k $23.9m $23.9m 1.71% Added +7.8k +7,848
56 CAHABA WEALTH MANAGEMENT, INC. 1.83% of their portfolio Atlanta, GA 433,645433.6k $23.6m $23.6m 1.83% Added +110.6k +110,641
57 Corient Private Wealth LP 0.03% of their portfolio MIAMI, FL 423,452423.5k $23.0m $23.0m 0.03% Added +34.6k +34,636
58 Gerber Kawasaki Wealth & Investment Management 0.88% of their portfolio SANTA MONICA, CA 420,465420.5k $22.9m $22.9m 0.88% Added +22.1k +22,090
59 Crews Bank & Trust 3.42% of their portfolio PORT CHARLOTTE, FL 399,113399.1k $21.7m $21.7m 3.42% Added +19.1k +19,067
60 Envestnet Portfolio Solutions, Inc. 0.08% of their portfolio BERWYN, PA 398,243398.2k $21.7m $21.7m 0.08% Added +29.2k +29,190
61 ST GERMAIN D J CO INC 0.93% of their portfolio SPRINGFIELD, MA 396,454396.5k $21.6m $21.6m 0.93% Added +42.8k +42,776
62 Financial Strategies Group, Inc. 4.46% of their portfolio OKEMOS, MI 384,152384.2k $21.4m $21.4m 4.46% Added +16.1k +16,061
63 RESTON WEALTH MANAGEMENT LLC 7.20% of their portfolio Reston, VA 377,916377.9k $20.6m $20.6m 7.20% Added +19.9k +19,930
64 First National Trust Co 0.74% of their portfolio Johnstown, PA 364,101364.1k $19.8m $19.8m 0.74% Reduced -4.4k -4,414
65 Waverly Advisors, LLC 0.21% of their portfolio BIRMINGHAM, AL 354,542354.5k $19.3m $19.3m 0.21% Added +17.2k +17,215
66 Dakota Wealth Management 0.40% of their portfolio PALM BEACH GARDENS, FL 347,726347.7k $18.9m $18.9m 0.40% Added +120.6k +120,609
67 Summit Trail Advisors, LLC 0.29% of their portfolio NEW YORK, NY 309,465309.5k $16.8m $16.8m 0.29% Reduced -25.1k -25,056
68 Mariner, LLC 0.02% of their portfolio Overland Park, KS 305,646305.6k $16.6m $16.6m 0.02% Added +27.2k +27,204
69 Penserra Capital Management LLC 0.23% of their portfolio ORINDA, CA 301,825301.8k $16.4m $16.4m 0.23% Added +7.7k +7,650
70 Ellenbecker Investment Group 2.59% of their portfolio WAUKESHA, WI 294,863294.9k $16.0m $16.0m 2.59% Added +56.5k +56,461
71 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 289,056289.1k $15.7m $15.7m 0.03% Added +14.7k +14,655
72 Financial Gravity Companies, Inc. 3.03% of their portfolio Lakeway, TX 283,724283.7k $15.4m $15.4m 3.03% First filing
73 Shepherd Financial Partners LLC 1.62% of their portfolio WINCHESTER, MA 281,857281.9k $15.3m $15.3m 1.62% Added +6.6k +6,555
74 Geneos Wealth Management Inc. 0.37% of their portfolio ENGLEWOOD, CO 280,444280.4k $15.3m $15.3m 0.37% Reduced -249.5k -249,470
75 New Perspectives, Inc 7.33% of their portfolio TOUGALOO, MS 272,527272.5k $14.8m $14.8m 7.33% Added +3.1k +3,062
76 EVERMAY WEALTH MANAGEMENT LLC 1.80% of their portfolio ARLINGTON, VA 269,232269.2k $14.6m $14.6m 1.80% Added +30.6k +30,596
77 NORTH STAR ASSET MANAGEMENT INC 0.61% of their portfolio NEENAH, WI 264,422264.4k $14.4m $14.4m 0.61% Reduced -52.2k -52,161
78 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 260,228260.2k $14.2m $14.2m 0.00% Reduced -46.5k -46,518
79 COLDSTREAM CAPITAL MANAGEMENT INC 0.23% of their portfolio BELLEVUE, WA 259,226259.2k $14.1m $14.1m 0.23% Added +247.5k +247,540
80 Allworth Financial LP 0.06% of their portfolio FOLSOM, CA 233,079233.1k $12.7m $12.7m 0.06% Added +19.0k +19,021
81 CITIZENS & NORTHERN CORP 3.38% of their portfolio WELLSBORO, PA 232,206232.2k $12.6m $12.6m 3.38% Reduced -59.0k -58,989
82 Alta Wealth Advisors LLC 5.95% of their portfolio Woburn, MA 231,724231.7k $12.6m $12.6m 5.95% Added +14.5k +14,483
83 Cascade Financial Partners, LLC 1.48% of their portfolio SAN DIEGO, CA 226,236226.2k $12.3m $12.3m 1.48% Added +23.2k +23,240
84 FIFTH THIRD BANCORP 0.04% of their portfolio CINCINNATI, OH 224,694224.7k $12.2m $12.2m 0.04% Reduced -162.6k -162,558
85 Montz Harcus Wealth Management LLC 5.88% of their portfolio New Orleans, LA 224,188224.2k $12.2m $12.2m 5.88% Added +9.9k +9,854
86 Avior Wealth Management, LLC 0.42% of their portfolio OMAHA, NE 222,675222.7k $12.1m $12.1m 0.42% Added +9.7k +9,651
87 Exchange Capital Management, Inc. 1.81% of their portfolio Ann Arbor, MI 222,550222.6k $12.1m $12.1m 1.81% Added +16.6k +16,636
88 Advance Capital Management, Inc. 0.54% of their portfolio SOUTHFIELD, MI 217,114217.1k $11.8m $11.8m 0.54% Added +621 +621
89 WRAPMANAGER INC 2.85% of their portfolio MILL VALLEY, CA 215,375215.4k $11.7m $11.7m 2.85% Added +21.1k +21,120
90 WBH ADVISORY INC 0.96% of their portfolio BALTIMORE, MD 207,691207.7k $11.3m $11.3m 0.96% Reduced -2.5k -2,461
91 MONETA GROUP INVESTMENT ADVISORS LLC 0.13% of their portfolio ST LOUIS, MO 206,025206.0k $11.2m $11.2m 0.13% Reduced -1.8k -1,811
92 IAG Wealth Partners, LLC 1.48% of their portfolio WAUKESHA, WI 205,089205.1k $11.2m $11.2m 1.48% Added +8.4k +8,416
93 OARSMAN CAPITAL, INC. 1.74% of their portfolio MILWAUKEE, WI 204,449204.4k $11.1m $11.1m 1.74% Added +54.5k +54,547
94 Higgins & Schmidt Wealth Strategies LLC 6.13% of their portfolio DENVER, CO 203,681203.7k $11.1m $11.1m 6.13% Reduced -726 -726
95 Gladstone Institutional Advisory LLC 0.45% of their portfolio Bedminster, NJ 202,056202.1k $11.0m $11.0m 0.45% Added +7.6k +7,555
96 Bensler, LLC 1.22% of their portfolio Bellevue, WA 200,770200.8k $10.9m $10.9m 1.22% Added +11.7k +11,748
97 PARK AVENUE SECURITIES LLC 0.10% of their portfolio NEW YORK, NY 194,442194.4k $10.6m $10.6m 0.10% Added +4.7k +4,697
98 PSI Advisors, LLC 5.17% of their portfolio TAMPA, FL 193,557193.6k $10.5m $10.5m 5.17% Added +1.6k +1,638
99 Marathon Strategic Advisors, LLC 9.78% of their portfolio PITTSBURGH, PA 193,545193.5k $10.5m $10.5m 9.78% Added +32.5k +32,534
100 Western Wealth Management, LLC 0.62% of their portfolio GOLDEN, CO 191,124191.1k $10.4m $10.4m 0.62% Added +26 +26