Vault-13

SPDR SERIES TRUST SPYM

PORTFOLIO S&P500 · ETP · CUSIP 78464A854

1,429 institutional holders +54 vs Q2 2025
802,243,365802.2m shares reported held*
$62.8bnreported value*
116 new 685 added 451 reduced 50 sold out net bought ≈ $7.9bn (+101.3m 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 ($123.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $78.27. Options: 7 managers hold calls ($73.0m notional), 7 hold puts ($118.9m).

Trends to Q3 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: 1,375Q3 25: 1,4291,429Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 20251,429

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 23: 514 bought or addedQ4 23: 287 cut or sold outQ1 24: 511 bought or addedQ1 24: 395 cut or sold outQ1 24Q2 24: 576 bought or addedQ2 24: 391 cut or sold outQ3 24: 565 bought or addedQ3 24: 462 cut or sold outQ3 24Q4 24: 663 bought or addedQ4 24: 423 cut or sold outQ1 25: 716 bought or addedQ1 25: 498 cut or sold outQ1 25Q2 25: 747 bought or addedQ2 25: 502 cut or sold outQ3 25: 801 bought or addedQ3 25: 501 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023514287
Q1 2024511395
Q2 2024576391
Q3 2024565462
Q4 2024663423
Q1 2025716498
Q2 2025747502
Q3 2025801501

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ4 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 0.78Q3 25 calls: $73.0mQ3 25 puts: $118.9mQ3 25P/C 1.63
Numbers
QuarterCallsPutsP/C
Q4 2024$21.7m$51.2m2.36
Q1 2025$56.8m$56.6m1.00
Q2 2025$115.0m$89.9m0.78
Q3 2025$73.0m$118.9m1.63

Biggest buyers

USS Investment Management Ltd Added +24,826,130+24.8m
NISSAY ASSET MANAGEMENT CORP /JAPAN Added +8,925,132+8.9m
JPMORGAN CHASE & CO Added +8,468,927+8.5m
JONES FINANCIAL COMPANIES LLLP Added +6,782,445+6.8m
BANK OF AMERICA CORP /DE/ Added +6,039,211+6.0m
Kedalion Capital Management LLP Added +5,869,620+5.9m
Betterment LLC Added +4,636,693+4.6m
VANTAGEPOINT INVESTMENT ADVISERS LLC New +4,091,668+4.1m
LPL Financial LLC Added +3,727,555+3.7m
Composition Wealth, LLC Added +2,790,187+2.8m

Biggest sellers

Endurance Services Ltd Sold out -2,831,385-2.8m
Mizuho Bank, Ltd. Reduced -1,010,000-1.0m
NEPC LLC Sold out -973,556-973.6k
NATIXIS ADVISORS, LLC Reduced -621,639-621.6k
ROYAL BANK OF CANADA Reduced -592,850-592.9k
Compass Ion Advisors, LLC Reduced -590,845-590.8k
CITADEL ADVISORS LLC Reduced -495,365-495.4k
BANK HAPOALIM BM Sold out -459,000-459.0k
Advance Capital Management, Inc. Reduced -445,336-445.3k
Leo Wealth, LLC Sold out -366,552-366.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $20.1m256.4k shares
CITADEL ADVISORS LLC Added $19.6m250.8k shares
JANE STREET GROUP, LLC Added $15.4m196.6k shares
ROYAL BANK OF CANADA Reduced $13.5m172.3k shares
WOLVERINE TRADING, LLC Added $2.8m35.3k shares
OLD MISSION CAPITAL LLC Added $1.0m124.8k shares
EXCHANGE TRADED CONCEPTS, LLC Unchanged $611.1k7.8k shares

Biggest puts

GOLDMAN SACHS GROUP INC New $43.7m557.2k shares
CITADEL ADVISORS LLC Added $27.0m345.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $26.5m338.3k shares
ROYAL BANK OF CANADA Reduced $12.4m158.5k shares
JANE STREET GROUP, LLC Added $7.5m95.4k shares
WOLVERINE TRADING, LLC Added $1.8m22.8k shares
OLD MISSION CAPITAL LLC Added $7.2k19.1k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Betterment LLC 12.16% of their portfolio NEW YORK, NY 78,546,23778.5m $6.2bn $6.2bn 12.16% Added +4.6m +4,636,693
2 USS Investment Management Ltd 25.00% of their portfolio London, X0 66,398,23266.4m $5.2bn $5.2bn 25.00% Added +24.8m +24,826,130
3 BANK OF AMERICA CORP /DE/ 0.38% of their portfolio CHARLOTTE, NC 65,441,18165.4m $5.1bn $5.1bn 0.38% Added +6.0m +6,039,211
4 JONES FINANCIAL COMPANIES LLLP 2.70% of their portfolio DES PERES, MO 50,982,60451.0m $4.0bn $4.0bn 2.70% Added +6.8m +6,782,445
5 LPL Financial LLC 1.11% of their portfolio FORT MILL, SC 48,460,32548.5m $3.8bn $3.8bn 1.11% Added +3.7m +3,727,555
6 Creative Planning 1.92% of their portfolio OVERLAND PARK, KS 32,029,68732.0m $2.5bn $2.5bn 1.92% Added +889.4k +889,363
7 ENVESTNET ASSET MANAGEMENT INC 0.38% of their portfolio Berwyn, PA 16,868,98816.9m $1.3bn $1.3bn 0.38% Added +984.3k +984,276
8 JPMORGAN CHASE & CO 0.04% of their portfolio NEW YORK, NY 16,494,54416.5m $1.3bn $1.3bn 0.04% Added +8.5m +8,468,927
9 MORGAN STANLEY 0.07% of their portfolio NEW YORK, NY 14,248,26314.2m $1.1bn $1.1bn 0.07% Added +504.7k +504,730
10 Kedalion Capital Management LLP 37.91% of their portfolio LONDON, X0 12,884,00012.9m $1.0bn $1.0bn 37.91% Added +5.9m +5,869,620
11 Invesco Ltd. 0.13% of their portfolio ATLANTA, GA 10,578,73710.6m $828.7m $828.7m 0.13% Added +6.7k +6,687
12 NISSAY ASSET MANAGEMENT CORP /JAPAN 4.32% of their portfolio Tokyo, M0 9,989,83210.0m $782.6m $782.6m 4.32% Added +8.9m +8,925,132
13 CWM, LLC 2.35% of their portfolio OMAHA, NE 9,958,96910.0m $780.2m $780.2m 2.35% Added +18.5k +18,453
14 National Mutual Insurance Federation of Agricultural Cooperatives 5.67% of their portfolio TOKYO, JAPAN, M0 9,536,0009.5m $747.1m $747.1m 5.67% Unchanged
15 OSAIC HOLDINGS, INC. 0.94% of their portfolio SCOTTSDALE, AZ 8,789,9818.8m $672.3m $672.3m 0.94% Added +312.0k +312,015
16 GOLDMAN SACHS GROUP INC 0.09% of their portfolio NEW YORK, NY 7,792,8367.8m $610.5m $610.5m 0.09% Added +1.4m +1,358,867
17 Clark Capital Management Group, Inc. 3.76% of their portfolio PHILADELPHIA, PA 7,671,2867.7m $601.0m $601.0m 3.76% Added +89.7k +89,694
18 Advance Capital Management, Inc. 25.78% of their portfolio SOUTHFIELD, MI 7,584,4347.6m $594.2m $594.2m 25.78% Reduced -445.3k -445,336
19 OneDigital Investment Advisors LLC 4.78% of their portfolio OVERLAND PARK, KS 5,944,5675.9m $465.7m $465.7m 4.78% Added +168.6k +168,601
20 TIG Advisors, LLC 28.67% of their portfolio New York, NY 5,928,6775.9m $464.5m $464.5m 28.67% Added +18.1k +18,136
21 1900 WEALTH MANAGEMENT LLC 29.99% of their portfolio SAN ANTONIO, TX 5,648,6415.6m $442.5m $442.5m 29.99% Added +330.7k +330,746
22 Financial Engines Advisors L.L.C. 0.75% of their portfolio SANTA CLARA, CA 4,993,8275.0m $391.2m $391.2m 0.75% Added +2.3k +2,338
23 EXCHANGE TRADED CONCEPTS, LLC 3.70% of their portfolio Oklahoma City, OK 4,951,4095.0m $387.9m $387.9m 3.70% Added +2.5m +2,547,021
24 RAYMOND JAMES FINANCIAL INC 0.12% of their portfolio ST. PETERSBURG, FL 4,681,6184.7m $366.8m $366.8m 0.12% Added +544.6k +544,617
25 AMERIPRISE FINANCIAL INC 0.08% of their portfolio MINNEAPOLIS, MN 4,634,0304.6m $363.1m $363.1m 0.08% Reduced -37.6k -37,638
26 GM Advisory Group, LLC 15.19% of their portfolio MELVILLE, NY 4,559,5274.6m $357.2m $357.2m 15.19% Added +152.8k +152,774
27 TD PRIVATE CLIENT WEALTH LLC 8.04% of their portfolio NEW YORK, NY 4,554,9094.6m $356.8m $356.8m 8.04% Added +242.7k +242,658
28 Private Advisor Group, LLC 1.69% of their portfolio MORRISTOWN, NJ 4,380,9164.4m $343.2m $343.2m 1.69% Added +370.3k +370,322
29 Wealthcare Advisory Partners LLC 7.01% of their portfolio WEST CHESTER, PA 4,294,8144.3m $336.5m $336.5m 7.01% Reduced -4.6k -4,633
30 Cetera Investment Advisers 0.38% of their portfolio SCHAUMBURG, IL 4,215,3634.2m $330.2m $330.2m 0.38% Added +80.2k +80,231
31 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.27% of their portfolio Toronto, A6 4,145,6794.1m $324.8m $324.8m 0.27% Added +1.3m +1,274,356
32 VANTAGEPOINT INVESTMENT ADVISERS LLC 2.62% of their portfolio WASHINGTON, DC 4,091,6684.1m $320.5m $320.5m 2.62% New
33 Stadion Money Management, LLC 24.52% of their portfolio WATKINSVILLE, GA 3,919,3593.9m $307.0m $307.0m 24.52% Added +544.4k +544,372
34 HighTower Advisors, LLC 0.34% of their portfolio CHICAGO, IL 3,850,8733.9m $301.7m $301.7m 0.34% Added +11.0k +10,977
35 Capital Analysts, LLC 8.77% of their portfolio FORT WASHINGTON, PA 3,838,0243.8m $300.7m $300.7m 8.77% Added +65.2k +65,159
36 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.20% of their portfolio MILWAUKEE, WI 3,787,3393.8m $296.7m $296.7m 0.20% Added +222.3k +222,306
37 Gradient Investments LLC 4.90% of their portfolio ARDEN HILLS, MN 3,749,6723.7m $293.7m $293.7m 4.90% Added +194.8k +194,831
38 NorthRock Partners, LLC 5.24% of their portfolio MINNEAPOLIS, MN 3,697,7453.7m $289.7m $289.7m 5.24% Added +65.4k +65,381
39 Norinchukin Bank, The 3.69% of their portfolio TOKYO, M0 3,511,2703.5m $275.1m $275.1m 3.69% Unchanged
40 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 3,326,0113.3m $260.6m $260.6m 0.05% Added +194.2k +194,152
41 ASSETMARK, INC 0.54% of their portfolio CONCORD, CA 3,189,7123.2m $249.9m $249.9m 0.54% Added +367.6k +367,619
42 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.38% of their portfolio PLYMOUTH, MN 3,178,3283.2m $250.2m $250.2m 0.38% Reduced -247.6k -247,628
43 Advocacy Wealth Management, LLC 10.59% of their portfolio ATLANTA, GA 3,113,9723.1m $243.9m $243.9m 10.59% Added +6.1k +6,075
44 TWO SIGMA INVESTMENTS, LP 0.37% of their portfolio NEW YORK, NY 3,083,3003.1m $241.5m $241.5m 0.37% Added +664.3k +664,300
45 Cambridge Investment Research Advisors, Inc. 0.66% of their portfolio FAIRFIELD, IA 3,046,5543.0m $238.7m $238.7m 0.66% Added +320.6k +320,571
46 Composition Wealth, LLC 3.28% of their portfolio LOS ANGELES, CA 2,796,2052.8m $219.1m $219.1m 3.28% Added +2.8m +2,790,187
47 First Command Advisory Services, Inc. 1.52% of their portfolio FORT WORTH, TX 2,678,5632.7m $209.8m $209.8m 1.52% Added +942.6k +942,586
48 Mirae Asset Global Investments Co., Ltd. 0.66% of their portfolio SEOUL, M5 2,672,1512.7m $209.3m $209.3m 0.66% Added +336.9k +336,850
49 SCS Capital Management LLC 2.18% of their portfolio BOSTON, MA 2,553,6882.6m $200.1m $200.1m 2.18% Added +33.0k +33,015
50 NATIXIS ADVISORS, LLC 0.28% of their portfolio Boston, MA 2,475,1102.5m $193.9m $193.9m 0.28% Reduced -621.6k -621,639
51 Peterson Wealth Advisors, LLC 27.08% of their portfolio Orem, UT 2,300,0342.3m $181.1m $181.1m 27.08% Added +35.6k +35,563
52 Global Retirement Partners, LLC 4.01% of their portfolio San Rafael, CA 2,284,5962.3m $179.0m $179.0m 4.01% Added +117.7k +117,697
53 NewEdge Advisors, LLC 0.77% of their portfolio NEW ORLEANS, LA 2,167,0982.2m $169.8m $169.8m 0.77% Reduced -140.4k -140,405
54 UBS Group AG 0.03% of their portfolio ZURICH, V8 2,157,4542.2m $169.0m $169.0m 0.03% Added +102.3k +102,311
55 Mariner, LLC 0.22% of their portfolio Overland Park, KS 2,136,7862.1m $167.4m $167.4m 0.22% Added +13.0k +12,966
56 SPINNAKER TRUST 9.24% of their portfolio PORTLAND, ME 2,125,0872.1m $166.5m $166.5m 9.24% Added +71.9k +71,854
57 Larson Financial Group LLC 5.72% of their portfolio ST LOUIS, MO 2,078,7302.1m $162.8m $162.8m 5.72% Added +451.6k +451,641
58 MML INVESTORS SERVICES, LLC 0.43% of their portfolio SPRINGFIELD, MA 2,069,0302.1m $162.1m $162.1m 0.43% Reduced -62.4k -62,430
59 Ocean Park Asset Management, LLC 6.65% of their portfolio SANTA MONICA, CA 2,058,6562.1m $161.3m $161.3m 6.65% New
60 Tennessee Valley Asset Management Partners 19.81% of their portfolio KNOXVILLE, TN 1,862,7291.9m $145.9m $145.9m 19.81% Reduced -103.7k -103,679
61 UNIVEST FINANCIAL Corp 7.71% of their portfolio SOUDERTON, PA 1,759,9471.8m $137.9m $137.9m 7.71% Reduced -52.3k -52,318
62 49 WEALTH MANAGEMENT, LLC 12.91% of their portfolio AUSTIN, TX 1,748,0061.7m $136.9m $136.9m 12.91% Added +154.4k +154,376
63 GREAT VALLEY ADVISOR GROUP, INC. 2.65% of their portfolio WILMINGTON, DE 1,689,2911.7m $132.3m $132.3m 2.65% Added +102.0k +102,028
64 Sand Hill Global Advisors, LLC 4.61% of their portfolio Palo Alto, CA 1,672,7351.7m $131.0m $131.0m 4.61% Reduced -31.6k -31,649
65 RETIREMENT INCOME SOLUTIONS, INC 22.21% of their portfolio ANN ARBOR, MI 1,658,2221.7m $129.9m $129.9m 22.21% Added +35.8k +35,791
66 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 1,631,4901.6m $127.8m $127.8m 0.02% Reduced -592.9k -592,850
67 C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 7.29% of their portfolio Westlake, OH 1,605,0311.6m $125.7m $125.7m 7.29% Added +76.2k +76,183
68 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,568,8501.6m $122.9m $122.9m 0.00% Reduced -45.7k -45,658
69 AlphaStar Capital Management, LLC 10.50% of their portfolio CORNELIUS, NC 1,555,1331.6m $121.8m $121.8m 10.50% Added +290.1k +290,087
70 AE Wealth Management LLC 0.72% of their portfolio TOPEKA, KS 1,442,6221.4m $113.0m $113.0m 0.72% Reduced -81.2k -81,193
71 COMMONWEALTH EQUITY SERVICES, LLC 0.15% of their portfolio WALTHAM, MA 1,439,3001.4m $112.8m $112.8m 0.15% Added +42.8k +42,787
72 VICUS CAPITAL 8.49% of their portfolio STATE COLLEGE, PA 1,418,5481.4m $111.1m $111.1m 8.49% Added +1.4m +1,370,445
73 Ascent Group, LLC 3.79% of their portfolio VIRGINIA BEACH, VA 1,366,7661.4m $107.1m $107.1m 3.79% Added +23.9k +23,901
74 ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP 4.43% of their portfolio Altamonte Springs, FL 1,300,0001.3m $101.8m $101.8m 4.43% New
75 Aptus Capital Advisors, LLC 0.91% of their portfolio FAIRHOPE, AL 1,265,6221.3m $99.1m $99.1m 0.91% Reduced -73.1k -73,124
76 World Investment Advisors 1.99% of their portfolio LINCROFT, NJ 1,237,5581.2m $97.0m $97.0m 1.99% Reduced -19.9k -19,852
77 RiverFront Investment Group, LLC 1.70% of their portfolio RICHMOND, VA 1,235,4941.2m $96.8m $96.8m 1.70% Added +7.4k +7,412
78 Kestra Advisory Services, LLC 0.44% of their portfolio AUSTIN, TX 1,219,8451.2m $95.6m $95.6m 0.44% Added +42.3k +42,296
79 Penserra Capital Management LLC 1.11% of their portfolio ORINDA, CA 1,186,6741.2m $93.0m $93.0m 1.11% Added +117.9k +117,902
80 MARSHALL WACE, LLP 0.10% of their portfolio LONDON, X0 1,178,6661.2m $92.3m $92.3m 0.10% New
81 Integrated Wealth Concepts LLC 0.81% of their portfolio WALTHAM, MA 1,152,8791.2m $90.3m $90.3m 0.81% Added +21.3k +21,287
82 Revere Asset Management, Inc 33.94% of their portfolio DALLAS, TX 1,147,4581.1m $89.9m $89.9m 33.94% Added +148.0k +148,012
83 Austin Private Wealth, LLC 6.71% of their portfolio Austin, TX 1,112,6661.1m $87.2m $87.2m 6.71% Reduced -20.0k -20,048
84 Crews Bank & Trust 12.55% of their portfolio PORT CHARLOTTE, FL 1,094,8901.1m $85.8m $85.8m 12.55% Added +54.5k +54,514
85 Mizuho Bank, Ltd. 9.48% of their portfolio TOKYO, M0 1,090,0001.1m $85.4m $85.4m 9.48% Reduced -1.0m -1,010,000
86 MERCER GLOBAL ADVISORS INC /ADV 0.14% of their portfolio DENVER, CO 1,070,5041.1m $83.9m $83.9m 0.14% Added +846.1k +846,141
87 Avidian Wealth Enterprises, LLC 3.07% of their portfolio Houston, TX 1,039,2331.0m $81.4m $81.4m 3.07% Added +275.9k +275,942
88 Sterling Group Wealth Management, LLC 40.08% of their portfolio PASADENA, CA 1,032,6841.0m $80.9m $80.9m 40.08% Added +1.6k +1,550
89 Brown Financial Advisory 42.08% of their portfolio FAIRHOPE, AL 1,025,8111.0m $80.4m $80.4m 42.08% Reduced -4.1k -4,118
90 KWB Wealth 8.02% of their portfolio REDLANDS, CA 998,778998.8k $72.6m $72.6m 8.02% Reduced -279.5k -279,454
91 OneAscent Financial Services LLC 5.20% of their portfolio BIRMINGHAM, AL 996,297996.3k $78.0m $78.0m 5.20% Reduced -107.2k -107,191
92 Stratos Wealth Partners, LTD. 0.90% of their portfolio BEACHWOOD, OH 975,108975.1k $76.4m $76.4m 0.90% Added +24.9k +24,934
93 TECTONIC ADVISORS LLC 4.05% of their portfolio FRISCO, TX 946,683946.7k $74.2m $74.2m 4.05% Added +693.7k +693,668
94 Sanctuary Advisors, LLC 0.21% of their portfolio INDIANAPOLIS, IN 945,069945.1k $67.7m $67.7m 0.21% Added +506.6k +506,560
95 JANUS HENDERSON GROUP PLC 0.03% of their portfolio LONDON, X0 935,150935.1k $73.3m $73.3m 0.03% Added +221.4k +221,410
96 PARK AVENUE SECURITIES LLC 0.57% of their portfolio NEW YORK, NY 934,705934.7k $73.2m $73.2m 0.57% Added +14.5k +14,485
97 PRINCIPAL SECURITIES, INC. 1.20% of their portfolio DES MOINES, IA 933,131933.1k $73.1m $73.1m 1.20% Reduced -66.4k -66,437
98 Standpoint Asset Management, LLC 16.34% of their portfolio SCOTTSDALE, AZ 922,900922.9k $72.3m $72.3m 16.34% Reduced -171.0k -171,000
99 Intrua Financial, LLC 8.43% of their portfolio Houston, TX 919,539919.5k $72.0m $72.0m 8.43% Added +19.8k +19,775
100 Allen Capital Group, LLC 6.79% of their portfolio GRAND ISLAND, NE 907,662907.7k $71.1m $71.1m 6.79% Reduced -20.1k -20,060