Vault-13

SPDR SERIES TRUST SPYM

PORTFOLIO S&P500 · ETP · CUSIP 78464A854

1,595 institutional holders +166 vs Q3 2025
852,676,229852.7m shares reported held*
$68.4bnreported value*
126 new 723 added 468 reduced 57 sold out net bought ≈ $3.7bn (+45.9m 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 ($121.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $80.25. Options: 8 managers hold calls ($79.0m notional), 8 hold puts ($157.8m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 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: 1,429Q4 25: 1,5951,595Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 20251,595

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ1 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 25Q3 25: 801 bought or addedQ3 25: 501 cut or sold outQ4 25: 849 bought or addedQ4 25: 525 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024511395
Q2 2024576391
Q3 2024565462
Q4 2024663423
Q1 2025716498
Q2 2025747502
Q3 2025801501
Q4 2025849525

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ1 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 1.63Q4 25 calls: $79.0mQ4 25 puts: $157.8mQ4 25P/C 2.00
Numbers
QuarterCallsPutsP/C
Q1 2025$56.8m$56.6m1.00
Q2 2025$115.0m$89.9m0.78
Q3 2025$73.0m$118.9m1.63
Q4 2025$79.0m$157.8m2.00

Biggest buyers

MORGAN STANLEY Added +16,607,351+16.6m
NATIXIS New +16,433,000+16.4m
JONES FINANCIAL COMPANIES LLLP Added +6,591,558+6.6m
Betterment LLC Added +5,039,605+5.0m
GREENLEAF TRUST Added +5,032,883+5.0m
Allianz Asset Management GmbH Added +4,443,717+4.4m
NICOLET ADVISORY SERVICES, LLC Added +3,577,727+3.6m
LPL Financial LLC Added +3,050,730+3.1m
Mizuho Bank, Ltd. Added +2,080,000+2.1m
STATE STREET CORP Added +1,133,005+1.1m

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -11,593,314-11.6m
Kedalion Capital Management LLP Reduced -9,044,000-9.0m
JPMORGAN CHASE & CO Reduced -8,033,511-8.0m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Sold out -4,145,679-4.1m
Advance Capital Management, Inc. Reduced -1,390,160-1.4m
OSAIC HOLDINGS, INC. Reduced -1,318,338-1.3m
TWO SIGMA INVESTMENTS, LP Reduced -1,311,800-1.3m
MARSHALL WACE, LLP Sold out -1,178,666-1.2m
OneAscent Financial Services LLC Sold out -996,297-996.3k
Cambridge Investment Research Advisors, Inc. Reduced -909,406-909.4k

Biggest calls

JANE STREET GROUP, LLC Added $22.1m275.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $19.7m246.0k shares
ROYAL BANK OF CANADA Added $18.5m230.5k shares
CITADEL ADVISORS LLC Reduced $16.2m201.6k shares
BARCLAYS PLC New $1.6m20.4k shares
OLD MISSION CAPITAL LLC Added $649.6k143.6k shares
EXCHANGE TRADED CONCEPTS, LLC Reduced $184.5k2.3k shares
BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC New $8.0k100 shares

Biggest puts

GOLDMAN SACHS GROUP INC Added $87.5m1.1m shares
CITADEL ADVISORS LLC Reduced $19.5m243.5k shares
JANE STREET GROUP, LLC Added $19.1m237.6k shares
ROYAL BANK OF CANADA Added $18.0m224.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $12.1m150.7k shares
BARCLAYS PLC New $1.6m20.4k shares
OLD MISSION CAPITAL LLC Added $5.9k20.9k shares
Cetera Investment Advisers New $170100 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Betterment LLC 12.77% of their portfolio NEW YORK, NY 83,585,84283.6m $6.7bn $6.7bn 12.77% Added +5.0m +5,039,605
2 USS Investment Management Ltd 26.45% of their portfolio London, X0 66,398,23266.4m $5.3bn $5.3bn 26.45% Unchanged
3 JONES FINANCIAL COMPANIES LLLP 2.82% of their portfolio DES PERES, MO 57,574,16257.6m $4.6bn $4.6bn 2.82% Added +6.6m +6,591,558
4 BANK OF AMERICA CORP /DE/ 0.31% of their portfolio CHARLOTTE, NC 53,847,86753.8m $4.3bn $4.3bn 0.31% Reduced -11.6m -11,593,314
5 LPL Financial LLC 1.13% of their portfolio FORT MILL, SC 51,511,05551.5m $4.1bn $4.1bn 1.13% Added +3.1m +3,050,730
6 Creative Planning 1.88% of their portfolio OVERLAND PARK, KS 32,800,14932.8m $2.6bn $2.6bn 1.88% Added +770.5k +770,462
7 MORGAN STANLEY 0.15% of their portfolio NEW YORK, NY 30,855,61430.9m $2.5bn $2.5bn 0.15% Added +16.6m +16,607,351
8 ENVESTNET ASSET MANAGEMENT INC 0.43% of their portfolio Berwyn, PA 17,891,35917.9m $1.4bn $1.4bn 0.43% Added +1.0m +1,022,371
9 NATIXIS 5.22% of their portfolio PARIS, I0 16,433,00016.4m $1.3bn $1.3bn 5.22% New
10 Invesco Ltd. 0.08% of their portfolio ATLANTA, GA 10,606,94910.6m $850.9m $850.9m 0.08% Added +28.2k +28,212
11 CWM, LLC 2.25% of their portfolio OMAHA, NE 10,359,26110.4m $831.0m $831.0m 2.25% Added +400.3k +400,292
12 NISSAY ASSET MANAGEMENT CORP /JAPAN 4.17% of their portfolio Tokyo, M0 9,989,83210.0m $801.4m $801.4m 4.17% Unchanged
13 National Mutual Insurance Federation of Agricultural Cooperatives 5.61% of their portfolio TOKYO, JAPAN, M0 9,536,0009.5m $765.0m $765.0m 5.61% Unchanged
14 JPMORGAN CHASE & CO 0.05% of their portfolio NEW YORK, NY 8,461,0338.5m $678.7m $678.7m 0.05% Reduced -8.0m -8,033,511
15 GOLDMAN SACHS GROUP INC 0.09% of their portfolio NEW YORK, NY 8,022,2678.0m $643.5m $643.5m 0.09% Added +229.4k +229,431
16 OSAIC HOLDINGS, INC. 0.88% of their portfolio SCOTTSDALE, AZ 7,471,6437.5m $599.4m $599.4m 0.88% Reduced -1.3m -1,318,338
17 Clark Capital Management Group, Inc. 3.67% of their portfolio PHILADELPHIA, PA 7,449,8487.4m $597.6m $597.6m 3.67% Reduced -221.4k -221,438
18 Advance Capital Management, Inc. 21.07% of their portfolio SOUTHFIELD, MI 6,194,2746.2m $496.9m $496.9m 21.07% Reduced -1.4m -1,390,160
19 OneDigital Investment Advisors LLC 4.81% of their portfolio OVERLAND PARK, KS 6,123,7606.1m $491.2m $491.2m 4.81% Added +179.2k +179,193
20 1900 WEALTH MANAGEMENT LLC 30.62% of their portfolio SAN ANTONIO, TX 5,951,8536.0m $477.5m $477.5m 30.62% Added +303.2k +303,212
21 TIG Advisors, LLC 22.99% of their portfolio New York, NY 5,946,0125.9m $477.0m $477.0m 22.99% Added +17.3k +17,335
22 GREENLEAF TRUST 4.02% of their portfolio KALAMAZOO, MI 5,464,2625.5m $438.3m $438.3m 4.02% Added +5.0m +5,032,883
23 AMERIPRISE FINANCIAL INC 0.10% of their portfolio MINNEAPOLIS, MN 5,451,0395.5m $437.2m $437.2m 0.10% Added +817.0k +817,009
24 EXCHANGE TRADED CONCEPTS, LLC 3.64% of their portfolio Oklahoma City, OK 5,443,2845.4m $436.7m $436.7m 3.64% Added +491.9k +491,875
25 Allianz Asset Management GmbH 0.47% of their portfolio MUNICH, 2M 5,071,1625.1m $406.8m $406.8m 0.47% Added +4.4m +4,443,717
26 Financial Engines Advisors L.L.C. 0.77% of their portfolio SANTA CLARA, CA 5,067,0545.1m $406.5m $406.5m 0.77% Added +73.2k +73,227
27 TD PRIVATE CLIENT WEALTH LLC 8.40% of their portfolio NEW YORK, NY 4,917,4414.9m $394.5m $394.5m 8.40% Added +362.5k +362,532
28 Private Advisor Group, LLC 1.81% of their portfolio MORRISTOWN, NJ 4,808,8674.8m $385.8m $385.8m 1.81% Added +428.0k +427,951
29 GM Advisory Group, LLC 14.91% of their portfolio MELVILLE, NY 4,745,1434.7m $380.7m $380.7m 14.91% Added +185.6k +185,616
30 RAYMOND JAMES FINANCIAL INC 0.12% of their portfolio ST. PETERSBURG, FL 4,608,4494.6m $369.7m $369.7m 0.12% Reduced -73.2k -73,169
31 Cetera Investment Advisers 0.39% of their portfolio SCHAUMBURG, IL 4,431,2694.4m $355.5m $355.5m 0.39% Added +215.9k +215,906
32 Wealthcare Advisory Partners LLC 6.82% of their portfolio WEST CHESTER, PA 4,330,0884.3m $347.4m $347.4m 6.82% Added +35.3k +35,274
33 HighTower Advisors, LLC 0.38% of their portfolio CHICAGO, IL 4,274,6274.3m $342.9m $342.9m 0.38% Added +423.8k +423,754
34 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.21% of their portfolio MILWAUKEE, WI 4,096,0804.1m $328.6m $328.6m 0.21% Added +308.7k +308,741
35 VANTAGEPOINT INVESTMENT ADVISERS LLC 2.64% of their portfolio WASHINGTON, DC 4,091,6684.1m $328.2m $328.2m 2.64% Unchanged
36 Gradient Investments LLC 5.14% of their portfolio ARDEN HILLS, MN 4,039,4704.0m $324.0m $324.0m 5.14% Added +289.8k +289,798
37 Kedalion Capital Management LLP 7.56% of their portfolio LONDON, X0 3,840,0003.8m $308.0m $308.0m 7.56% Reduced -9.0m -9,044,000
38 Capital Analysts, LLC 8.47% of their portfolio FORT WASHINGTON, PA 3,816,8953.8m $306.2m $306.2m 8.47% Reduced -21.1k -21,129
39 NorthRock Partners, LLC 5.16% of their portfolio MINNEAPOLIS, MN 3,809,4363.8m $305.6m $305.6m 5.16% Added +111.7k +111,691
40 Stadion Money Management, LLC 24.67% of their portfolio WATKINSVILLE, GA 3,793,5893.8m $304.3m $304.3m 24.67% Reduced -125.8k -125,770
41 NICOLET ADVISORY SERVICES, LLC 19.90% of their portfolio GREEN BAY, WI 3,610,4943.6m $295.3m $295.3m 19.90% Added +3.6m +3,577,727
42 Norinchukin Bank, The 3.28% of their portfolio TOKYO, M0 3,511,2703.5m $281.7m $281.7m 3.28% Unchanged
43 WELLS FARGO & COMPANY/MN 0.06% of their portfolio SAN FRANCISCO, CA 3,510,1303.5m $281.6m $281.6m 0.06% Added +184.1k +184,119
44 First Command Advisory Services, Inc. 1.94% of their portfolio FORT WORTH, TX 3,471,7413.5m $278.5m $278.5m 1.94% Added +793.2k +793,178
45 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.37% of their portfolio PLYMOUTH, MN 3,324,8593.3m $270.7m $270.7m 0.37% Added +146.5k +146,531
46 Advocacy Wealth Management, LLC 10.91% of their portfolio ATLANTA, GA 3,249,6533.2m $260.7m $260.7m 10.91% Added +135.7k +135,681
47 NATIXIS ADVISORS, LLC 0.37% of their portfolio Boston, MA 3,241,3673.2m $260.0m $260.0m 0.37% Added +766.3k +766,257
48 ASSETMARK, INC 0.53% of their portfolio CONCORD, CA 3,233,6903.2m $259.4m $259.4m 0.53% Added +44.0k +43,978
49 Composition Wealth, LLC 3.68% of their portfolio LOS ANGELES, CA 3,199,1503.2m $256.6m $256.6m 3.68% Added +402.9k +402,945
50 Mizuho Bank, Ltd. 30.26% of their portfolio TOKYO, M0 3,170,0003.2m $254.3m $254.3m 30.26% Added +2.1m +2,080,000
51 Mirae Asset Global Investments Co., Ltd. 0.64% of their portfolio SEOUL, M5 2,885,2512.9m $231.5m $231.5m 0.64% Added +213.1k +213,100
52 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 2,701,8552.7m $216.7m $216.7m 0.01% Added +1.1m +1,133,005
53 SCS Capital Management LLC 2.23% of their portfolio BOSTON, MA 2,627,9872.6m $210.8m $210.8m 2.23% Added +74.3k +74,299
54 NewEdge Advisors, LLC 0.72% of their portfolio NEW ORLEANS, LA 2,460,1432.5m $197.4m $197.4m 0.72% Added +293.0k +293,045
55 MML INVESTORS SERVICES, LLC 0.47% of their portfolio SPRINGFIELD, MA 2,403,3672.4m $192.8m $192.8m 0.47% Added +334.3k +334,337
56 Global Retirement Partners, LLC 3.37% of their portfolio San Rafael, CA 2,368,0262.4m $190.0m $190.0m 3.37% Added +83.4k +83,430
57 Mariner, LLC 0.22% of their portfolio Overland Park, KS 2,316,1792.3m $185.8m $185.8m 0.22% Added +179.4k +179,393
58 Peterson Wealth Advisors, LLC 24.57% of their portfolio Orem, UT 2,297,7432.3m $184.3m $184.3m 24.57% Reduced -2.3k -2,291
59 Larson Financial Group LLC 6.12% of their portfolio ST LOUIS, MO 2,282,7872.3m $183.1m $183.1m 6.12% Added +204.1k +204,057
60 SPINNAKER TRUST 9.30% of their portfolio PORTLAND, ME 2,166,6772.2m $173.8m $173.8m 9.30% Added +41.6k +41,590
61 Cambridge Investment Research Advisors, Inc. 0.45% of their portfolio FAIRFIELD, IA 2,137,1482.1m $171.4m $171.4m 0.45% Reduced -909.4k -909,406
62 ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP 5.02% of their portfolio Altamonte Springs, FL 2,102,5002.1m $168.7m $168.7m 5.02% Added +802.5k +802,500
63 Ocean Park Asset Management, LLC 7.80% of their portfolio SANTA MONICA, CA 2,071,0572.1m $166.1m $166.1m 7.80% Added +12.4k +12,401
64 UBS Group AG 0.03% of their portfolio ZURICH, V8 2,051,8462.1m $164.6m $164.6m 0.03% Reduced -105.6k -105,608
65 49 WEALTH MANAGEMENT, LLC 13.04% of their portfolio AUSTIN, TX 1,997,7222.0m $160.3m $160.3m 13.04% Added +249.7k +249,716
66 Tennessee Valley Asset Management Partners 20.11% of their portfolio KNOXVILLE, TN 1,933,8361.9m $155.1m $155.1m 20.11% Added +71.1k +71,107
67 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 1,871,4831.9m $150.1m $150.1m 0.03% Added +240.0k +239,993
68 VICUS CAPITAL 10.90% of their portfolio STATE COLLEGE, PA 1,811,1411.8m $145.3m $145.3m 10.90% Added +392.6k +392,593
69 RETIREMENT INCOME SOLUTIONS, INC 24.46% of their portfolio ANN ARBOR, MI 1,797,9961.8m $144.2m $144.2m 24.46% Added +139.8k +139,774
70 TWO SIGMA INVESTMENTS, LP 0.21% of their portfolio NEW YORK, NY 1,771,5001.8m $142.1m $142.1m 0.21% Reduced -1.3m -1,311,800
71 C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 8.37% of their portfolio Westlake, OH 1,744,2381.7m $139.9m $139.9m 8.37% Added +139.2k +139,207
72 UNIVEST FINANCIAL Corp 7.25% of their portfolio SOUDERTON, PA 1,705,7261.7m $136.8m $136.8m 7.25% Reduced -54.2k -54,221
73 GREAT VALLEY ADVISOR GROUP, INC. 2.60% of their portfolio WILMINGTON, DE 1,687,1471.7m $135.3m $135.3m 2.60% Reduced -2.1k -2,144
74 Aptus Capital Advisors, LLC 1.10% of their portfolio FAIRHOPE, AL 1,620,1491.6m $130.0m $130.0m 1.10% Added +354.5k +354,527
75 Sand Hill Global Advisors, LLC 4.52% of their portfolio Palo Alto, CA 1,613,5861.6m $129.4m $129.4m 4.52% Reduced -59.1k -59,149
76 AE Wealth Management LLC 0.66% of their portfolio TOPEKA, KS 1,429,1041.4m $114.6m $114.6m 0.66% Reduced -13.5k -13,518
77 World Investment Advisors 1.75% of their portfolio LINCROFT, NJ 1,331,6911.3m $106.8m $106.8m 1.75% Added +94.1k +94,133
78 Revere Asset Management, Inc 36.21% of their portfolio DALLAS, TX 1,282,6051.3m $102.9m $102.9m 36.21% Added +135.1k +135,147
79 COMMONWEALTH EQUITY SERVICES, LLC 0.13% of their portfolio WALTHAM, MA 1,255,8721.3m $100.7m $100.7m 0.13% Reduced -183.4k -183,428
80 Stratos Wealth Partners, LTD. 1.13% of their portfolio BEACHWOOD, OH 1,249,1281.2m $100.2m $100.2m 1.13% Added +274.0k +274,020
81 RiverFront Investment Group, LLC 1.63% of their portfolio RICHMOND, VA 1,235,7811.2m $99.1m $99.1m 1.63% Added +287 +287
82 Ascent Group, LLC 3.36% of their portfolio VIRGINIA BEACH, VA 1,225,5391.2m $98.3m $98.3m 3.36% Reduced -141.2k -141,227
83 Kestra Advisory Services, LLC 0.39% of their portfolio AUSTIN, TX 1,177,4671.2m $94.5m $94.5m 0.39% Reduced -42.4k -42,378
84 MERCER GLOBAL ADVISORS INC /ADV 0.14% of their portfolio DENVER, CO 1,170,5211.2m $93.9m $93.9m 0.14% Added +100.0k +100,017
85 Crews Bank & Trust 13.05% of their portfolio PORT CHARLOTTE, FL 1,136,4051.1m $91.2m $91.2m 13.05% Added +41.5k +41,515
86 Austin Private Wealth, LLC 6.82% of their portfolio Austin, TX 1,133,8961.1m $91.0m $91.0m 6.82% Added +21.2k +21,230
87 Integrated Wealth Concepts LLC 1.08% of their portfolio WALTHAM, MA 1,130,3171.1m $90.7m $90.7m 1.08% Reduced -22.6k -22,562
88 KWB Wealth 8.46% of their portfolio REDLANDS, CA 1,113,9421.1m $89.4m $89.4m 8.46% Added +115.2k +115,164
89 WCG Wealth Advisors LLC 2.50% of their portfolio LAS VEGAS, NV 1,112,5011.1m $89.2m $89.2m 2.50% Added +801.8k +801,849
90 AlphaStar Capital Management, LLC 6.41% of their portfolio CORNELIUS, NC 1,089,6301.1m $87.4m $87.4m 6.41% Reduced -465.5k -465,503
91 Brown Financial Advisory 42.82% of their portfolio FAIRHOPE, AL 1,056,2031.1m $84.7m $84.7m 42.82% Added +30.4k +30,392
92 Avidian Wealth Enterprises, LLC 3.02% of their portfolio Houston, TX 1,033,6821.0m $82.9m $82.9m 3.02% Reduced -5.6k -5,551
93 Sterling Group Wealth Management, LLC 40.00% of their portfolio PASADENA, CA 1,030,1491.0m $82.6m $82.6m 40.00% Reduced -2.5k -2,535
94 PARK AVENUE SECURITIES LLC 0.69% of their portfolio NEW YORK, NY 1,018,4221.0m $81.7m $81.7m 0.69% Added +83.7k +83,717
95 Intrua Financial, LLC 8.65% of their portfolio Houston, TX 983,305983.3k $78.9m $78.9m 8.65% Added +63.8k +63,766
96 ST GERMAIN D J CO INC 3.03% of their portfolio SPRINGFIELD, MA 971,008971.0k $77.9m $77.9m 3.03% Added +66.1k +66,125
97 One Day In July LLC 6.39% of their portfolio BURLINGTON, VT 969,305969.3k $77.8m $77.8m 6.39% Added +77.7k +77,689
98 TECTONIC ADVISORS LLC 4.02% of their portfolio FRISCO, TX 951,414951.4k $76.3m $76.3m 4.02% Added +4.7k +4,731
99 Modern Wealth Management, LLC 1.39% of their portfolio KANSAS CITY, MO 950,070950.1k $76.2m $76.2m 1.39% Added +202.3k +202,324
100 JANUS HENDERSON GROUP PLC 0.03% of their portfolio LONDON, X0 935,150935.1k $75.0m $75.0m 0.03% Unchanged