Vault-13

SPDR SERIES TRUST SPMD

PORTFOLIO S&P400 · ETP · CUSIP 78464A847

813 institutional holders +17 vs Q4 2025
236,671,995236.7m shares reported held*
$14.0bnreported value*
74 new 377 added 248 reduced 54 sold out net bought ≈ $81.1m (+1.4m 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 ($13.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $59.25.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 381Q4 22: 427Q1 23: 434Q2 23: 462Q3 23: 485Q4 23: 550Q1 24: 567Q2 24: 593Q3 24: 624Q4 24: 684Q1 25: 680Q2 25: 726Q3 25: 734Q4 25: 796Q1 26: 813813Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 2025734
Q4 2025796
Q1 2026813

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q2 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 25Q2 25: 383 bought or addedQ2 25: 280 cut or sold outQ3 25: 410 bought or addedQ3 25: 257 cut or sold outQ3 25Q4 25: 432 bought or addedQ4 25: 264 cut or sold outQ1 26: 451 bought or addedQ1 26: 302 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024313220
Q3 2024346214
Q4 2024356234
Q1 2025385269
Q2 2025383280
Q3 2025410257
Q4 2025432264
Q1 2026451302

Calls vs puts

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

CallsPuts
$0$200k$400k$600k$800kQ2 25 calls: $609.1kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —
Numbers
QuarterCallsPutsP/C
Q2 2025$609.1k$00.00
Q3 2025$0$0—
Q4 2025$0$0—
Q1 2026$0$0—

Biggest buyers

Creative Planning Added +3,972,550+4.0m
UBS Group AG Added +2,379,080+2.4m
ENVESTNET ASSET MANAGEMENT INC Added +1,283,214+1.3m
RAYMOND JAMES FINANCIAL INC Added +544,839+544.8k
TSG Advice Partners, LLC Added +457,839+457.8k
SUN LIFE FINANCIAL INC New +398,410+398.4k
OneAscent Financial Services LLC New +386,070+386.1k
Independent Advisor Alliance Added +285,013+285.0k
BOKF, NA Added +271,498+271.5k
Venture Visionary Partners LLC Added +255,618+255.6k

Biggest sellers

MORGAN STANLEY Reduced -6,026,540-6.0m
TEXAS PERMANENT SCHOOL FUND CORP Reduced -2,472,885-2.5m
CWM, LLC Reduced -1,327,276-1.3m
Betterment LLC Reduced -951,864-951.9k
NATIONAL BANK OF CANADA /FI/ Reduced -600,800-600.8k
Corient Private Wealth LP Reduced -464,856-464.9k
BNP PARIBAS FINANCIAL MARKETS Reduced -287,100-287.1k
Thrivent Financial for Lutherans Reduced -262,762-262.8k
PARK AVENUE SECURITIES LLC Sold out -218,396-218.4k
OSAIC HOLDINGS, INC. Reduced -179,068-179.1k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Creative Planning 3.88% of their portfolio OVERLAND PARK, KS 96,641,15996.6m $5.7bn $5.7bn 3.88% Added +4.0m +3,972,550
2 Betterment LLC 2.27% of their portfolio NEW YORK, NY 20,199,29720.2m $1.2bn $1.2bn 2.27% Reduced -951.9k -951,864
3 LPL Financial LLC 0.20% of their portfolio FORT MILL, SC 12,852,54412.9m $761.1m $761.1m 0.20% Added +8.1k +8,072
4 Valmark Advisers, Inc. 5.08% of their portfolio AKRON, OH 7,215,2877.2m $427.3m $427.3m 5.08% Added +173.6k +173,551
5 ENVESTNET ASSET MANAGEMENT INC 0.07% of their portfolio Berwyn, PA 4,147,8704.1m $245.6m $245.6m 0.07% Added +1.3m +1,283,214
6 UBS Group AG 0.04% of their portfolio ZURICH, V8 3,838,5003.8m $227.3m $227.3m 0.04% Added +2.4m +2,379,080
7 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,797,7153.8m $224.9m $224.9m 0.01% Reduced -6.0m -6,026,540
8 AlTi Global, Inc. 3.64% of their portfolio NEW YORK, NY 2,823,4592.8m $167.2m $167.2m 3.64% Reduced -162.1k -162,085
9 Facet Wealth, Inc. 2.65% of their portfolio WEST PALM BEACH, FL 2,584,1462.6m $153.0m $153.0m 2.65% Added +68.5k +68,544
10 CWM, LLC 0.35% of their portfolio OMAHA, NE 2,263,4552.3m $134.0m $134.0m 0.35% Reduced -1.3m -1,327,276
11 HighTower Advisors, LLC 0.13% of their portfolio CHICAGO, IL 1,996,9592.0m $118.3m $118.3m 0.13% Reduced -18.7k -18,719
12 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.07% of their portfolio MILWAUKEE, WI 1,948,4801.9m $115.4m $115.4m 0.07% Reduced -10.6k -10,637
13 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,931,8061.9m $114.4m $114.4m 0.01% Reduced -23.0k -22,986
14 First Command Advisory Services, Inc. 0.73% of their portfolio FORT WORTH, TX 1,827,7431.8m $108.2m $108.2m 0.73% Added +237.2k +237,165
15 MASON STREET ADVISORS, LLC 9.04% of their portfolio MILWAUKEE, WI 1,561,9691.6m $92.5m $92.5m 9.04% Reduced -25.4k -25,421
16 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 1,444,2971.4m $85.5m $85.5m 0.02% Added +236.0k +235,960
17 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.52% of their portfolio IRVING, TX 1,434,0681.4m $84.9m $84.9m 0.52% Added +157.6k +157,584
18 Hancock Prospecting Pty Ltd 2.51% of their portfolio West Perth, C3 1,410,4701.4m $83.5m $83.5m 2.51% Unchanged
19 OSAIC HOLDINGS, INC. 0.12% of their portfolio SCOTTSDALE, AZ 1,351,7391.4m $80.1m $80.1m 0.12% Reduced -179.1k -179,068
20 Auto-Owners Insurance Co 1.65% of their portfolio LANSING, MI 1,330,0001.3m $78.7m $78.7m 1.65% Unchanged
21 Hills Bank & Trust Co 3.70% of their portfolio North Liberty, IA 1,293,6371.3m $76.6m $76.6m 3.70% Added +14.9k +14,912
22 Wealthcare Advisory Partners LLC 1.36% of their portfolio WEST CHESTER, PA 1,182,2051.2m $70.0m $70.0m 1.36% Added +68.0k +67,952
23 Cornerstone Wealth Management, LLC 3.31% of their portfolio ST. PETERS, MO 1,116,1241.1m $66.1m $66.1m 3.31% Added +1.1k +1,086
24 Koss-Olinger Consulting, LLC 5.28% of their portfolio GAINESVILLE, FL 1,063,3431.1m $63.0m $63.0m 5.28% Added +178.9k +178,947
25 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 1,048,7991.0m $62.1m $62.1m 0.02% Added +544.8k +544,839
26 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 921,272921.3k $54.6m $54.6m 0.01% Added +14.8k +14,809
27 VICUS CAPITAL 3.99% of their portfolio STATE COLLEGE, PA 916,169916.2k $54.3m $54.3m 3.99% Added +35.6k +35,567
28 GREENLEAF TRUST 0.52% of their portfolio KALAMAZOO, MI 901,608901.6k $53.4m $53.4m 0.52% Added +100.3k +100,283
29 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 865,545865.5k $51.3m $51.3m 0.01% Added +70.8k +70,796
30 JNBA Financial Advisors 4.20% of their portfolio BLOOMINGTON, MN 851,280851.3k $50.4m $50.4m 4.20% Reduced -33.9k -33,893
31 Private Advisor Group, LLC 0.24% of their portfolio MORRISTOWN, NJ 846,222846.2k $50.1m $50.1m 0.24% Reduced -26.3k -26,262
32 BLAIR WILLIAM & CO/IL 0.14% of their portfolio CHICAGO, IL 838,805838.8k $49.7m $49.7m 0.14% Added +147.8k +147,765
33 BOKF, NA 0.75% of their portfolio TULSA, OK 825,398825.4k $48.9m $48.9m 0.75% Added +271.5k +271,498
34 HHM Wealth Advisors, LLC 5.56% of their portfolio CHATTANOOGA, TN 814,372814.4k $48.2m $48.2m 5.56% Added +33.3k +33,281
35 AlphaStar Capital Management, LLC 3.53% of their portfolio CORNELIUS, NC 807,648807.6k $47.8m $47.8m 3.53% Reduced -137.8k -137,786
36 Farther Finance Advisors, LLC 0.45% of their portfolio SAN FRANCISCO, CA 797,017797.0k $47.6m $47.6m 0.45% Added +127.4k +127,447
37 1900 WEALTH MANAGEMENT LLC 2.88% of their portfolio SAN ANTONIO, TX 756,760756.8k $44.8m $44.8m 2.88% Added +13.1k +13,055
38 Composition Wealth, LLC 0.61% of their portfolio LOS ANGELES, CA 743,651743.7k $44.0m $44.0m 0.61% Added +112.6k +112,595
39 GREAT VALLEY ADVISOR GROUP, INC. 0.79% of their portfolio WILMINGTON, DE 737,838737.8k $43.7m $43.7m 0.79% Added +55.8k +55,822
40 Peterson Wealth Advisors, LLC 5.76% of their portfolio Orem, UT 730,796730.8k $43.3m $43.3m 5.76% Reduced -4.8k -4,750
41 RETIREMENT INCOME SOLUTIONS, INC 7.26% of their portfolio ANN ARBOR, MI 717,188717.2k $42.5m $42.5m 7.26% Added +14.6k +14,567
42 RKL Wealth Management LLC 3.62% of their portfolio LANCASTER, PA 679,439679.4k $40.2m $40.2m 3.62% Reduced -32.7k -32,736
43 Impact Partnership Wealth, LLC 4.73% of their portfolio MARIETTA, GA 646,479646.5k $38.3m $38.3m 4.73% Added +5.2k +5,200
44 Equitable Holdings, Inc. 0.23% of their portfolio NEW YORK, NY 613,104613.1k $35.5m $35.5m 0.23% Added +87.1k +87,106
45 OARSMAN CAPITAL, INC. 4.34% of their portfolio MILWAUKEE, WI 590,328590.3k $35.0m $35.0m 4.34% Added +107.3k +107,330
46 NATIONAL BANK OF CANADA /FI/ 0.03% of their portfolio MONTREAL, A8 570,200570.2k $33.8m $33.8m 0.03% Reduced -600.8k -600,800
47 Atlas Private Wealth Advisors 7.67% of their portfolio RED BANK, NJ 550,238550.2k $32.6m $32.6m 7.67% Reduced -216 -216
48 TEXAS PERMANENT SCHOOL FUND CORP 1.14% of their portfolio AUSTIN, TX 521,398521.4k $30.9m $30.9m 1.14% Reduced -2.5m -2,472,885
49 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.05% of their portfolio PLYMOUTH, MN 510,122510.1k $24.6m $24.6m 0.05% Added +46.3k +46,290
50 BlackRock, Inc. 0.00% of their portfolio New York, NY 508,210508.2k $30.1m $30.1m 0.00% Added +254.3k +254,304
51 Gerber Kawasaki Wealth & Investment Management 0.94% of their portfolio SANTA MONICA, CA 499,427499.4k $29.6m $29.6m 0.94% Added +29.1k +29,123
52 Corient Private Wealth LP 0.04% of their portfolio MIAMI, FL 480,568480.6k $27.8m $27.8m 0.04% Reduced -464.9k -464,856
53 Envestnet Portfolio Solutions, Inc. 0.16% of their portfolio BERWYN, PA 477,927477.9k $28.3m $28.3m 0.16% Added +43.1k +43,097
54 TSG Advice Partners, LLC 4.22% of their portfolio COLUMBUS, OH 476,138476.1k $28.2m $28.2m 4.22% Added +457.8k +457,839
55 CAHABA WEALTH MANAGEMENT, INC. 1.89% of their portfolio Atlanta, GA 470,043470.0k $27.8m $27.8m 1.89% Added +18.3k +18,297
56 Waverly Advisors, LLC 0.21% of their portfolio BIRMINGHAM, AL 467,052467.1k $27.7m $27.7m 0.21% Added +51.6k +51,578
57 MML INVESTORS SERVICES, LLC 0.08% of their portfolio SPRINGFIELD, MA 461,977462.0k $27.4m $27.4m 0.08% Reduced -33.2k -33,190
58 ASSETMARK, INC 0.05% of their portfolio CONCORD, CA 443,169443.2k $26.2m $26.2m 0.05% Added +16.7k +16,732
59 Financial Strategies Group, Inc. 4.59% of their portfolio OKEMOS, MI 429,850429.9k $27.5m $27.5m 4.59% Added +26.4k +26,363
60 ST GERMAIN D J CO INC 0.99% of their portfolio SPRINGFIELD, MA 422,062422.1k $25.0m $25.0m 0.99% Reduced -21.8k -21,759
61 First National Trust Co 0.82% of their portfolio Johnstown, PA 406,826406.8k $24.1m $24.1m 0.82% Reduced -2.0k -2,005
62 Penserra Capital Management LLC 0.28% of their portfolio ORINDA, CA 406,468406.5k $24.1m $24.1m 0.28% Added +129.2k +129,169
63 Integrity Advisory Solutions, LLC 3.16% of their portfolio DALLAS, TX 404,179404.2k $23.9m $23.9m 3.16% Added +8.0k +8,035
64 Dakota Wealth Management 0.52% of their portfolio PALM BEACH GARDENS, FL 402,793402.8k $23.9m $23.9m 0.52% Added +45.9k +45,919
65 Thrivent Financial for Lutherans 0.05% of their portfolio Minneapolis, MN 400,690400.7k $23.7m $23.7m 0.05% Reduced -262.8k -262,762
66 SUN LIFE FINANCIAL INC 1.34% of their portfolio Toronto, A6 398,410398.4k $23.6m $23.6m 1.34% New
67 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 387,471387.5k $22.9m $22.9m 0.03% Added +243.2k +243,175
68 OneAscent Financial Services LLC 1.24% of their portfolio BIRMINGHAM, AL 386,070386.1k $22.9m $22.9m 1.24% New
69 Rockefeller Capital Management L.P. 0.04% of their portfolio NEW YORK, NY 384,005384.0k $22.7m $22.7m 0.04% Added +40.3k +40,275
70 Ellenbecker Investment Group 3.04% of their portfolio WAUKESHA, WI 381,732381.7k $22.6m $22.6m 3.04% Added +34.4k +34,412
71 Octavia Wealth Advisors, LLC 2.07% of their portfolio CINCINNATI, OH 364,922364.9k $21.6m $21.6m 2.07% Added +172.5k +172,496
72 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 363,390363.4k $21.5m $21.5m 0.01% Added +176.8k +176,791
73 RFG Advisory, LLC 0.38% of their portfolio BIRMINGHAM, AL 347,950347.9k $20.6m $20.6m 0.38% Reduced -33.2k -33,154
74 RESTON WEALTH MANAGEMENT LLC 6.21% of their portfolio Reston, VA 342,090342.1k $20.3m $20.3m 6.21% Reduced -41.9k -41,862
75 Independent Advisor Alliance 0.21% of their portfolio CHARLOTTE, NC 337,421337.4k $20.0m $20.0m 0.21% Added +285.0k +285,013
76 EVERMAY WEALTH MANAGEMENT LLC 2.17% of their portfolio ARLINGTON, VA 331,194331.2k $19.6m $19.6m 2.17% Added +24.3k +24,256
77 Crews Bank & Trust 2.82% of their portfolio PORT CHARLOTTE, FL 328,133328.1k $19.4m $19.4m 2.82% Reduced -13.0k -13,011
78 Marathon Strategic Advisors, LLC 13.91% of their portfolio PITTSBURGH, PA 326,708326.7k $19.3m $19.3m 13.91% Added +25.5k +25,476
79 Geneos Wealth Management Inc. 0.45% of their portfolio ENGLEWOOD, CO 326,197326.2k $19.3m $19.3m 0.45% Added +12.5k +12,535
80 Mariner, LLC 0.02% of their portfolio Overland Park, KS 304,418304.4k $18.0m $18.0m 0.02% Reduced -10.0k -9,999
81 Savant Capital, LLC 0.09% of their portfolio ROCKFORD, IL 301,052301.1k $17.8m $17.8m 0.09% Reduced -14.0k -14,044
82 Allworth Financial LP 0.07% of their portfolio FOLSOM, CA 300,883300.9k $17.8m $17.8m 0.07% Added +20.0k +20,010
83 Financial Gravity Asset Management, Inc. 3.15% of their portfolio Lakeway, TX 299,322299.3k $17.7m $17.7m 3.15% Added +12.2k +12,159
84 Shepherd Financial Partners LLC 1.66% of their portfolio WINCHESTER, MA 295,835295.8k $17.5m $17.5m 1.66% Reduced -5.3k -5,299
85 Alta Wealth Advisors LLC 5.67% of their portfolio Woburn, MA 294,650294.6k $17.4m $17.4m 5.67% Added +20.1k +20,140
86 New Perspectives, Inc 6.00% of their portfolio TOUGALOO, MS 292,424292.4k $17.3m $17.3m 6.00% Added +9.8k +9,771
87 CIBC Bancorp USA Inc. 0.02% of their portfolio CHICAGO, IL 291,283291.3k $17.2m $17.2m 0.02% First filing
88 Avior Wealth Management, LLC 0.48% of their portfolio OMAHA, NE 286,401286.4k $17.0m $17.0m 0.48% Added +11.7k +11,711
89 Gladstone Institutional Advisory LLC 0.63% of their portfolio Bedminster, NJ 286,365286.4k $17.0m $17.0m 0.63% Added +7.6k +7,553
90 FIFTH THIRD BANCORP 0.03% of their portfolio CINCINNATI, OH 283,790283.8k $16.8m $16.8m 0.03% Added +53.3k +53,264
91 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 282,079282.1k $16.2m $16.2m 0.00% Added +52.7k +52,656
92 Summit Trail Advisors, LLC 0.23% of their portfolio NEW YORK, NY 276,328276.3k $16.4m $16.4m 0.23% Reduced -14.8k -14,849
93 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 274,600274.6k $16.3m $16.3m 0.02% Added +7.8k +7,845
94 COLDSTREAM CAPITAL MANAGEMENT INC 0.20% of their portfolio BELLEVUE, WA 268,701268.7k $15.9m $15.9m 0.20% Added +5.1k +5,121
95 Venture Visionary Partners LLC 0.52% of their portfolio Sylvania, OH 265,472265.5k $15.7m $15.7m 0.52% Added +255.6k +255,618
96 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 260,723260.7k $15.4m $15.4m 0.00% Reduced -31.9k -31,879
97 Lido Advisors, LLC 0.06% of their portfolio Los Angeles, CA 255,766255.8k $15.1m $15.1m 0.06% Added +16.1k +16,104
98 NORTH STAR ASSET MANAGEMENT INC 0.66% of their portfolio NEENAH, WI 255,038255.0k $15.1m $15.1m 0.66% Reduced -10.4k -10,445
99 Montz Harcus Wealth Management LLC 5.74% of their portfolio New Orleans, LA 240,095240.1k $14.2m $14.2m 5.74% Added +7.4k +7,439
100 CITIZENS & NORTHERN CORP 3.52% of their portfolio WELLSBORO, PA 238,467238.5k $14.1m $14.1m 3.52% Added +2.8k +2,824