Vault-13

SPDR SERIES TRUST SPYM

PORTFOLIO S&P500 · ETP · CUSIP 78464A854

1,375 institutional holders +80 vs Q1 2025
705,664,691705.7m shares reported held*
$51.3bnreported value*
123 new 624 added 451 reduced 51 sold out net bought ≈ $6.0bn (+82.7m 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 ($118.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $72.66. Options: 7 managers hold calls ($115.0m notional), 6 hold puts ($89.9m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 629Q4 22: 697Q1 23: 697Q2 23: 765Q3 23: 784Q4 23: 925Q1 24: 976Q2 24: 1,058Q3 24: 1,098Q4 24: 1,257Q1 25: 1,295Q2 25: 1,3751,375Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022629
Q4 2022697
Q1 2023697
Q2 2023765
Q3 2023784
Q4 2023925
Q1 2024976
Q2 20241,058
Q3 20241,098
Q4 20241,257
Q1 20251,295
Q2 20251,375

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 23: 431 bought or addedQ3 23: 301 cut or sold outQ4 23: 514 bought or addedQ4 23: 287 cut or sold outQ4 23Q1 24: 511 bought or addedQ1 24: 395 cut or sold outQ2 24: 576 bought or addedQ2 24: 391 cut or sold outQ2 24Q3 24: 565 bought or addedQ3 24: 462 cut or sold outQ4 24: 663 bought or addedQ4 24: 423 cut or sold outQ4 24Q1 25: 716 bought or addedQ1 25: 498 cut or sold outQ2 25: 747 bought or addedQ2 25: 502 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023431301
Q4 2023514287
Q1 2024511395
Q2 2024576391
Q3 2024565462
Q4 2024663423
Q1 2025716498
Q2 2025747502

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ3 24 calls: $17.3mQ3 24 puts: $11.4mQ3 24P/C 0.66Q4 24 calls: $21.7mQ4 24 puts: $51.2mQ4 24P/C 2.36Q1 25 calls: $56.8mQ1 25 puts: $56.6mQ1 25P/C 1.00Q2 25 calls: $115.0mQ2 25 puts: $89.9mQ2 25P/C 0.78
Numbers
QuarterCallsPutsP/C
Q3 2024$17.3m$11.4m0.66
Q4 2024$21.7m$51.2m2.36
Q1 2025$56.8m$56.6m1.00
Q2 2025$115.0m$89.9m0.78

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +27,889,948+27.9m
USS Investment Management Ltd Added +20,372,102+20.4m
JONES FINANCIAL COMPANIES LLLP Added +13,126,149+13.1m
Betterment LLC Added +9,008,640+9.0m
Kedalion Capital Management LLP New +7,014,380+7.0m
TIG Advisors, LLC New +5,910,541+5.9m
LPL Financial LLC Added +2,772,079+2.8m
MORGAN STANLEY Added +2,494,974+2.5m
EXCHANGE TRADED CONCEPTS, LLC New +2,404,388+2.4m
GOLDMAN SACHS GROUP INC Added +1,946,207+1.9m

Biggest sellers

Allianz Asset Management GmbH Reduced -12,846,153-12.8m
Invesco Ltd. Reduced -5,665,881-5.7m
Advance Capital Management, Inc. Reduced -2,210,193-2.2m
NATIXIS ADVISORS, LLC Reduced -1,878,361-1.9m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -1,548,024-1.5m
OneDigital Investment Advisors LLC Reduced -1,392,020-1.4m
Stadion Money Management, LLC Reduced -977,018-977.0k
ARMSTRONG ADVISORY GROUP, INC Reduced -964,838-964.8k
IMC-Chicago, LLC Sold out -875,913-875.9k
Advocacy Wealth Management, LLC Reduced -824,195-824.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $44.7m615.2k shares
ROYAL BANK OF CANADA Added $41.2m567.0k shares
CITADEL ADVISORS LLC Reduced $15.8m217.1k shares
JANE STREET GROUP, LLC Added $11.1m152.5k shares
WOLVERINE TRADING, LLC Added $1.2m16.3k shares
EXCHANGE TRADED CONCEPTS, LLC Unchanged $567.0k7.8k shares
OLD MISSION CAPITAL LLC Reduced $430.0k75.0k shares

Biggest puts

ROYAL BANK OF CANADA Added $43.9m604.4k shares
CITADEL ADVISORS LLC Reduced $23.6m325.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $20.6m282.8k shares
WOLVERINE TRADING, LLC New $969.1k13.4k shares
JANE STREET GROUP, LLC Reduced $756.0k10.4k shares
OLD MISSION CAPITAL LLC New $13.0k12.8k 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Betterment LLC 11.44% of their portfolio NEW YORK, NY 73,909,54473.9m $5.4bn $5.4bn 11.44% Added +9.0m +9,008,640
2 BANK OF AMERICA CORP /DE/ 0.35% of their portfolio CHARLOTTE, NC 59,401,97059.4m $4.3bn $4.3bn 0.35% Added +27.9m +27,889,948
3 LPL Financial LLC 1.09% of their portfolio FORT MILL, SC 44,732,77044.7m $3.3bn $3.3bn 1.09% Added +2.8m +2,772,079
4 JONES FINANCIAL COMPANIES LLLP 2.42% of their portfolio DES PERES, MO 44,200,15944.2m $3.2bn $3.2bn 2.42% Added +13.1m +13,126,149
5 USS Investment Management Ltd 18.95% of their portfolio London, X0 41,572,10241.6m $3.0bn $3.0bn 18.95% Added +20.4m +20,372,102
6 Creative Planning 1.93% of their portfolio OVERLAND PARK, KS 31,140,32431.1m $2.3bn $2.3bn 1.93% Added +320.0k +319,951
7 ENVESTNET ASSET MANAGEMENT INC 0.34% of their portfolio Berwyn, PA 15,884,71215.9m $1.2bn $1.2bn 0.34% Added +1.6m +1,624,308
8 MORGAN STANLEY 0.07% of their portfolio NEW YORK, NY 13,743,53313.7m $999.0m $999.0m 0.07% Added +2.5m +2,494,974
9 Invesco Ltd. 0.13% of their portfolio ATLANTA, GA 10,572,05010.6m $768.5m $768.5m 0.13% Reduced -5.7m -5,665,881
10 CWM, LLC 2.55% of their portfolio OMAHA, NE 9,940,5169.9m $722.6m $722.6m 2.55% Added +1.5m +1,456,291
11 National Mutual Insurance Federation of Agricultural Cooperatives 5.61% of their portfolio TOKYO, JAPAN, M0 9,536,0009.5m $693.2m $693.2m 5.61% Added +583.0k +583,000
12 OSAIC HOLDINGS, INC. 1.09% of their portfolio SCOTTSDALE, AZ 8,477,9668.5m $609.7m $609.7m 1.09% Added +441.4k +441,436
13 Advance Capital Management, Inc. 26.45% of their portfolio SOUTHFIELD, MI 8,029,7708.0m $583.7m $583.7m 26.45% Reduced -2.2m -2,210,193
14 JPMORGAN CHASE & CO 0.04% of their portfolio NEW YORK, NY 8,025,6178.0m $583.4m $583.4m 0.04% Reduced -618.5k -618,458
15 Clark Capital Management Group, Inc. 3.82% of their portfolio PHILADELPHIA, PA 7,581,5927.6m $551.1m $551.1m 3.82% Added +231.2k +231,161
16 Kedalion Capital Management LLP 19.87% of their portfolio LONDON, X0 7,014,3807.0m $509.9m $509.9m 19.87% New
17 GOLDMAN SACHS GROUP INC 0.08% of their portfolio NEW YORK, NY 6,433,9696.4m $467.7m $467.7m 0.08% Added +1.9m +1,946,207
18 TIG Advisors, LLC 23.46% of their portfolio New York, NY 5,910,5415.9m $429.8m $429.8m 23.46% New
19 OneDigital Investment Advisors LLC 4.66% of their portfolio OVERLAND PARK, KS 5,775,9665.8m $419.9m $419.9m 4.66% Reduced -1.4m -1,392,020
20 1900 WEALTH MANAGEMENT LLC 29.23% of their portfolio SAN ANTONIO, TX 5,317,8955.3m $386.6m $386.6m 29.23% Added +192.0k +192,047
21 Financial Engines Advisors L.L.C. 0.72% of their portfolio SANTA CLARA, CA 4,991,4895.0m $362.8m $362.8m 0.72% Added +13.6k +13,580
22 AMERIPRISE FINANCIAL INC 0.08% of their portfolio MINNEAPOLIS, MN 4,671,6684.7m $339.6m $339.6m 0.08% Added +73.4k +73,400
23 GM Advisory Group, LLC 15.83% of their portfolio MELVILLE, NY 4,406,7534.4m $320.3m $320.3m 15.83% Added +223.1k +223,111
24 TD PRIVATE CLIENT WEALTH LLC 7.70% of their portfolio NEW YORK, NY 4,312,2514.3m $313.5m $313.5m 7.70% Added +288.9k +288,934
25 Wealthcare Advisory Partners LLC 7.13% of their portfolio WEST CHESTER, PA 4,299,4474.3m $312.5m $312.5m 7.13% Added +536.4k +536,385
26 RAYMOND JAMES FINANCIAL INC 0.10% of their portfolio ST. PETERSBURG, FL 4,137,0014.1m $300.7m $300.7m 0.10% Added +470.1k +470,117
27 Cetera Investment Advisers 0.51% of their portfolio SCHAUMBURG, IL 4,135,1324.1m $300.6m $300.6m 0.51% Added +1.3m +1,315,416
28 Private Advisor Group, LLC 1.57% of their portfolio MORRISTOWN, NJ 4,010,5944.0m $291.5m $291.5m 1.57% Reduced -211.8k -211,810
29 HighTower Advisors, LLC 0.35% of their portfolio CHICAGO, IL 3,839,8963.8m $279.1m $279.1m 0.35% Reduced -93.2k -93,174
30 Capital Analysts, LLC 9.14% of their portfolio FORT WASHINGTON, PA 3,772,8653.8m $274.2m $274.2m 9.14% Added +80.2k +80,150
31 NorthRock Partners, LLC 6.88% of their portfolio MINNEAPOLIS, MN 3,632,3643.6m $264.0m $264.0m 6.88% Added +236.8k +236,759
32 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.19% of their portfolio MILWAUKEE, WI 3,565,0333.6m $259.1m $259.1m 0.19% Added +589.7k +589,746
33 Gradient Investments LLC 4.72% of their portfolio ARDEN HILLS, MN 3,554,8413.6m $258.4m $258.4m 4.72% Added +107.5k +107,537
34 Norinchukin Bank, The 3.80% of their portfolio TOKYO, M0 3,511,2703.5m $255.2m $255.2m 3.80% Added +101.0k +101,000
35 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.42% of their portfolio PLYMOUTH, MN 3,425,9563.4m $252.0m $252.0m 0.42% Added +1.5m +1,474,665
36 Stadion Money Management, LLC 20.14% of their portfolio WATKINSVILLE, GA 3,374,9873.4m $245.3m $245.3m 20.14% Reduced -977.0k -977,018
37 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 3,131,8593.1m $227.7m $227.7m 0.05% Reduced -202.4k -202,435
38 Advocacy Wealth Management, LLC 13.86% of their portfolio ATLANTA, GA 3,107,8973.1m $225.9m $225.9m 13.86% Reduced -824.2k -824,195
39 NATIXIS ADVISORS, LLC 0.36% of their portfolio Boston, MA 3,096,7493.1m $225.1m $225.1m 0.36% Reduced -1.9m -1,878,361
40 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.19% of their portfolio Toronto, A6 2,871,3232.9m $208.7m $208.7m 0.19% Reduced -1.5m -1,548,024
41 Endurance Services Ltd 35.84% of their portfolio PURCHASE, NY 2,831,3852.8m $205.8m $205.8m 35.84% Unchanged
42 ASSETMARK, INC 0.48% of their portfolio CONCORD, CA 2,822,0932.8m $205.1m $205.1m 0.48% Added +292.5k +292,457
43 Cambridge Investment Research Advisors, Inc. 0.60% of their portfolio FAIRFIELD, IA 2,725,9832.7m $198.2m $198.2m 0.60% Added +996.0k +996,027
44 SCS Capital Management LLC 2.03% of their portfolio BOSTON, MA 2,520,6732.5m $183.2m $183.2m 2.03% Reduced -23.7k -23,689
45 TWO SIGMA INVESTMENTS, LP 0.32% of their portfolio NEW YORK, NY 2,419,0002.4m $175.8m $175.8m 0.32% Reduced -459.7k -459,700
46 EXCHANGE TRADED CONCEPTS, LLC 2.23% of their portfolio Oklahoma City, OK 2,404,3882.4m $174.8m $174.8m 2.23% New
47 Mirae Asset Global Investments Co., Ltd. 0.59% of their portfolio SEOUL, M5 2,335,3012.3m $169.8m $169.8m 0.59% Added +951.0k +950,983
48 NewEdge Advisors, LLC 0.86% of their portfolio NEW ORLEANS, LA 2,307,5032.3m $167.7m $167.7m 0.86% Added +316.6k +316,592
49 Peterson Wealth Advisors, LLC 27.17% of their portfolio Orem, UT 2,264,4712.3m $164.6m $164.6m 27.17% Added +12.8k +12,837
50 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 2,224,3402.2m $161.7m $161.7m 0.02% Added +1.2m +1,177,727
51 Global Retirement Partners, LLC 3.90% of their portfolio San Rafael, CA 2,166,8992.2m $157.5m $157.5m 3.90% First filing
52 MML INVESTORS SERVICES, LLC 0.45% of their portfolio SPRINGFIELD, MA 2,131,4602.1m $154.9m $154.9m 0.45% Added +560.2k +560,152
53 Mariner, LLC 0.22% of their portfolio Overland Park, KS 2,123,8202.1m $154.4m $154.4m 0.22% Reduced -102.9k -102,921
54 Mizuho Bank, Ltd. 15.00% of their portfolio TOKYO, M0 2,100,0002.1m $152.6m $152.6m 15.00% Added +700.0k +700,000
55 UBS Group AG 0.03% of their portfolio ZURICH, V8 2,055,1432.1m $149.4m $149.4m 0.03% Added +196.6k +196,575
56 SPINNAKER TRUST 8.98% of their portfolio PORTLAND, ME 2,053,2332.1m $149.2m $149.2m 8.98% Added +51.6k +51,616
57 Tennessee Valley Asset Management Partners 36.29% of their portfolio KNOXVILLE, TN 1,966,4082.0m $142.9m $142.9m 36.29% Added +49.6k +49,562
58 UNIVEST FINANCIAL Corp 7.90% of their portfolio SOUDERTON, PA 1,812,2651.8m $131.7m $131.7m 7.90% Added +28.3k +28,305
59 First Command Advisory Services, Inc. 1.09% of their portfolio FORT WORTH, TX 1,735,9771.7m $126.2m $126.2m 1.09% Added +454.4k +454,390
60 Sand Hill Global Advisors, LLC 4.60% of their portfolio Palo Alto, CA 1,704,3841.7m $123.9m $123.9m 4.60% Reduced -5.3k -5,301
61 Good Life Advisors, LLC 7.49% of their portfolio READING, PA 1,649,7531.6m $119.9m $119.9m 7.49% Added +148.2k +148,150
62 Larson Financial Group LLC 4.75% of their portfolio ST LOUIS, MO 1,627,0891.6m $118.3m $118.3m 4.75% Added +1.2m +1,157,453
63 RETIREMENT INCOME SOLUTIONS, INC 21.64% of their portfolio ANN ARBOR, MI 1,622,4311.6m $117.9m $117.9m 21.64% Added +719.6k +719,599
64 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,614,5081.6m $117.4m $117.4m 0.00% Added +32.5k +32,474
65 49 WEALTH MANAGEMENT, LLC 12.33% of their portfolio AUSTIN, TX 1,593,6301.6m $115.8m $115.8m 12.33% Added +307.1k +307,109
66 GREAT VALLEY ADVISOR GROUP, INC. 2.56% of their portfolio WILMINGTON, DE 1,587,2631.6m $115.4m $115.4m 2.56% Added +293.5k +293,516
67 C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 7.25% of their portfolio Westlake, OH 1,528,8481.5m $111.1m $111.1m 7.25% Reduced -19.0k -18,962
68 AE Wealth Management LLC 0.81% of their portfolio TOPEKA, KS 1,523,8151.5m $110.8m $110.8m 0.81% Reduced -542.9k -542,894
69 COMMONWEALTH EQUITY SERVICES, LLC 0.13% of their portfolio WALTHAM, MA 1,396,5131.4m $101.5m $101.5m 0.13% Added +237.0k +237,016
70 Ascent Group, LLC 3.80% of their portfolio VIRGINIA BEACH, VA 1,342,8651.3m $97.6m $97.6m 3.80% Reduced -450.0k -450,033
71 Aptus Capital Advisors, LLC 0.96% of their portfolio FAIRHOPE, AL 1,338,7461.3m $97.3m $97.3m 0.96% Reduced -46.5k -46,535
72 KWB Wealth 10.22% of their portfolio REDLANDS, CA 1,278,2321.3m $84.1m $84.1m 10.22% Reduced -86.4k -86,369
73 AlphaStar Capital Management, LLC 6.46% of their portfolio CORNELIUS, NC 1,265,0461.3m $92.0m $92.0m 6.46% Added +55.3k +55,270
74 World Investment Advisors 2.08% of their portfolio LINCROFT, NJ 1,257,4101.3m $91.4m $91.4m 2.08% Added +27.3k +27,341
75 RiverFront Investment Group, LLC 1.74% of their portfolio RICHMOND, VA 1,228,0821.2m $89.3m $89.3m 1.74% Reduced -17.4k -17,450
76 Kestra Advisory Services, LLC 0.42% of their portfolio AUSTIN, TX 1,177,5491.2m $85.6m $85.6m 0.42% Added +42.4k +42,352
77 Compass Ion Advisors, LLC 9.25% of their portfolio CONSHOHOCKEN, PA 1,176,2171.2m $85.5m $85.5m 9.25% Added +22.9k +22,946
78 Austin Private Wealth, LLC 6.52% of their portfolio Austin, TX 1,132,7141.1m $82.3m $82.3m 6.52% Reduced -680.0k -679,968
79 Integrated Wealth Concepts LLC 0.83% of their portfolio WALTHAM, MA 1,131,5921.1m $82.3m $82.3m 0.83% Added +8.3k +8,257
80 OneAscent Financial Services LLC 5.72% of their portfolio BIRMINGHAM, AL 1,103,4881.1m $80.2m $80.2m 5.72% Added +18.3k +18,349
81 Standpoint Asset Management, LLC 16.26% of their portfolio SCOTTSDALE, AZ 1,093,9001.1m $79.5m $79.5m 16.26% Reduced -276.1k -276,100
82 Penserra Capital Management LLC 1.08% of their portfolio ORINDA, CA 1,068,7721.1m $77.7m $77.7m 1.08% Added +491.1k +491,126
83 NISSAY ASSET MANAGEMENT CORP /JAPAN 0.45% of their portfolio Tokyo, M0 1,064,7001.1m $77.4m $77.4m 0.45% New
84 IAG Wealth Partners, LLC 10.06% of their portfolio WAUKESHA, WI 1,046,0711.0m $76.0m $76.0m 10.06% Added +254.4k +254,362
85 Crews Bank & Trust 11.90% of their portfolio PORT CHARLOTTE, FL 1,040,3761.0m $75.6m $75.6m 11.90% Added +56.8k +56,803
86 Sterling Group Wealth Management, LLC 41.48% of their portfolio PASADENA, CA 1,031,1341.0m $75.0m $75.0m 41.48% Added +112.1k +112,051
87 Brown Financial Advisory 41.31% of their portfolio FAIRHOPE, AL 1,029,9291.0m $74.9m $74.9m 41.31% Added +66.4k +66,427
88 PRINCIPAL SECURITIES, INC. 1.37% of their portfolio DES MOINES, IA 999,568999.6k $72.7m $72.7m 1.37% Added +196.9k +196,879
89 Revere Asset Management, Inc 35.26% of their portfolio DALLAS, TX 999,446999.4k $72.6m $72.6m 35.26% Added +447.9k +447,878
90 NEPC LLC 1.79% of their portfolio Boston, MA 973,556973.6k $70.8m $70.8m 1.79% New
91 Stratos Wealth Partners, LTD. 0.93% of their portfolio BEACHWOOD, OH 950,174950.2k $69.1m $69.1m 0.93% Reduced -149.3k -149,350
92 Allen Capital Group, LLC 7.03% of their portfolio GRAND ISLAND, NE 927,722927.7k $67.4m $67.4m 7.03% Added +7.4k +7,388
93 PARK AVENUE SECURITIES LLC 0.62% of their portfolio NEW YORK, NY 920,220920.2k $66.9m $66.9m 0.62% Added +67.6k +67,565
94 KICKSTAND VENTURES, LLC. 15.52% of their portfolio PITTSFORD, NY 913,360913.4k $66.4m $66.4m 15.52% Added +338.0k +337,977
95 N.E.W. Advisory Services LLC 6.41% of their portfolio DE PERE, WI 908,809908.8k $66.1m $66.1m 6.41% Reduced -151.4k -151,365
96 Intrua Financial, LLC 9.40% of their portfolio Houston, TX 899,764899.8k $65.4m $65.4m 9.40% Reduced -133.2k -133,159
97 AGUR PROVIDENT & TRAINING FUNDS MANAGEMENT LTD 24.47% of their portfolio TEL AVIV, L3 890,494890.5k $64.7m $64.7m 24.47% Reduced -237.7k -237,700
98 O'Dell Group, LLC 16.13% of their portfolio CINCINNATI, OH 889,651889.7k $64.7m $64.7m 16.13% Added +23.0k +23,048
99 Eagle Strategies LLC 9.48% of their portfolio NEW YORK, NY 855,769855.8k $62.2m $62.2m 9.48% Added +105.5k +105,484
100 TAIYO LIFE INSURANCE CO 5.84% of their portfolio CHUO-KU, TOKYO, M0 855,500855.5k $62.2m $62.2m 5.84% Reduced -380.0k -380,000