Vault-13

SSGA ACTIVE ETF TR SRLN

BLACKSTONE SENR · ETP · CUSIP 78467V608

525 institutional holders -1 vs Q1 2025
141,710,041141.7m shares reported held*
$5.9bnreported value*
51 new 180 added 214 reduced 57 sold out net sold ≈ $290.0m (-6.9m 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 ($10.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $41.55. Options: 3 managers hold calls ($1.5m notional), 3 hold puts ($1.2m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 524Q4 22: 516Q1 23: 484Q2 23: 461Q3 23: 455Q4 23: 482Q1 24: 478Q2 24: 514Q3 24: 508Q4 24: 532Q1 25: 526Q2 25: 525525Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022524
Q4 2022516
Q1 2023484
Q2 2023461
Q3 2023455
Q4 2023482
Q1 2024478
Q2 2024514
Q3 2024508
Q4 2024532
Q1 2025526
Q2 2025525

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 205 bought or addedQ3 23: 229 cut or sold outQ4 23: 214 bought or addedQ4 23: 233 cut or sold outQ4 23Q1 24: 264 bought or addedQ1 24: 204 cut or sold outQ2 24: 292 bought or addedQ2 24: 186 cut or sold outQ2 24Q3 24: 237 bought or addedQ3 24: 258 cut or sold outQ4 24: 288 bought or addedQ4 24: 195 cut or sold outQ4 24Q1 25: 273 bought or addedQ1 25: 228 cut or sold outQ2 25: 231 bought or addedQ2 25: 271 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023205229
Q4 2023214233
Q1 2024264204
Q2 2024292186
Q3 2024237258
Q4 2024288195
Q1 2025273228
Q2 2025231271

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ3 24 calls: $3.0mQ3 24 puts: $2.5mQ3 24P/C 0.85Q4 24 calls: $2.1mQ4 24 puts: $2.0mQ4 24P/C 0.95Q1 25 calls: $333.0kQ1 25 puts: $1.8mQ1 25P/C 5.53Q2 25 calls: $1.5mQ2 25 puts: $1.2mQ2 25P/C 0.77
Numbers
QuarterCallsPutsP/C
Q3 2024$3.0m$2.5m0.85
Q4 2024$2.1m$2.0m0.95
Q1 2025$333.0k$1.8m5.53
Q2 2025$1.5m$1.2m0.77

Biggest buyers

ROYAL BANK OF CANADA Added +2,935,661+2.9m
BANK OF AMERICA CORP /DE/ Added +1,686,876+1.7m
RENAISSANCE TECHNOLOGIES LLC Added +1,381,766+1.4m
Horizon Investments, LLC Added +1,196,226+1.2m
GOLDMAN SACHS GROUP INC Added +883,087+883.1k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Added +653,883+653.9k
MORGAN STANLEY Added +518,405+518.4k
Quadrature Capital Ltd New +510,156+510.2k
CNO Financial Group, Inc. Added +505,000+505.0k
NEUBERGER BERMAN GROUP LLC Added +483,722+483.7k

Biggest sellers

Symetra Investment Management Co Reduced -1,988,900-2.0m
WELLINGTON MANAGEMENT GROUP LLP Reduced -1,783,400-1.8m
State of New Jersey Common Pension Fund D Reduced -1,500,000-1.5m
PARTNERS CAPITAL INVESTMENT GROUP, LLP Reduced -1,485,043-1.5m
Counterpoint Mutual Funds LLC Sold out -1,130,422-1.1m
AMERICAN CENTURY COMPANIES INC Sold out -978,814-978.8k
BNP PARIBAS FINANCIAL MARKETS Reduced -960,269-960.3k
NATIONAL BANK OF CANADA /FI/ Sold out -927,100-927.1k
Aristotle Pacific Capital, LLC Reduced -814,287-814.3k
AMERIPRISE FINANCIAL INC Reduced -810,969-811.0k

Biggest calls

CITADEL ADVISORS LLC Added $1.5m35.2k shares
SIMPLEX TRADING, LLC Added $62.0k1.5k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $661.3k15.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $299.4k7.2k shares
WOLVERINE TRADING, LLC New $216.1k5.2k 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 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 13,282,94613.3m $552.4m $552.4m 0.04% Added +1.7m +1,686,876
2 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 11,600,03911.6m $482.4m $482.4m 0.03% Added +518.4k +518,405
3 Corebridge Financial, Inc. 88.85% of their portfolio HOUSTON, TX 9,585,0379.6m $398.6m $398.6m 88.85% Unchanged
4 Arizona PSPRS Trust 11.05% of their portfolio PHOENIX, AZ 7,994,1698.0m $332.5m $332.5m 11.05% Added +151.9k +151,936
5 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 7,103,1147.1m $295.4m $295.4m 0.05% Added +883.1k +883,087
6 State of Tennessee, Department of Treasury 0.96% of their portfolio NASHVILLE, TN 6,446,3316.4m $268.1m $268.1m 0.96% Reduced -123.2k -123,203
7 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.51% of their portfolio TORONTO, A6 6,098,7476.1m $253.6m $253.6m 0.51% Added +653.9k +653,883
8 Ocean Park Asset Management, LLC 7.84% of their portfolio SANTA MONICA, CA 5,370,4245.4m $220.9m $220.9m 7.84% Unchanged
9 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 4,914,8324.9m $204.4m $204.4m 0.02% Added +2.9m +2,935,661
10 Ensign Peak Advisors, Inc 0.28% of their portfolio SALT LAKE CITY, UT 4,002,6934.0m $166.5m $166.5m 0.28% Unchanged
11 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 3,574,1043.6m $148.6m $148.6m 0.05% Reduced -63.2k -63,154
12 NEUBERGER BERMAN GROUP LLC 0.11% of their portfolio NEW YORK, NY 3,354,8133.4m $139.5m $139.5m 0.11% Added +483.7k +483,722
13 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 3,225,3203.2m $134.1m $134.1m 0.01% Added +15.9k +15,877
14 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 2,071,7812.1m $86.2m $86.2m 0.02% Reduced -415.3k -415,269
15 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,959,0192.0m $81.5m $81.5m 0.00% Reduced -271.5k -271,491
16 Advisory Alpha, LLC 2.16% of their portfolio HOLLAND, MI 1,665,1761.7m $69.3m $69.3m 2.16% Added +84.4k +84,361
17 Symetra Investment Management Co 17.04% of their portfolio Farmington, CT 1,564,2151.6m $65.1m $65.1m 17.04% Reduced -2.0m -1,988,900
18 RENAISSANCE TECHNOLOGIES LLC 0.08% of their portfolio NEW YORK, NY 1,528,4661.5m $63.6m $63.6m 0.08% Added +1.4m +1,381,766
19 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,514,2771.5m $63.0m $63.0m 0.01% Added +21.5k +21,519
20 Money Design Co.,Ltd. 2.92% of their portfolio TOKYO, M0 1,503,8261.5m $62.5m $62.5m 2.92% Added +87.6k +87,613
21 Horizon Investments, LLC 0.78% of their portfolio Charlotte, NC 1,197,5521.2m $49.2m $49.2m 0.78% Added +1.2m +1,196,226
22 DEUTSCHE BANK AG\ 0.02% of their portfolio FRANKFURT AM MAIN, 2M 1,192,9261.2m $49.6m $49.6m 0.02% Reduced -2.8k -2,831
23 Aristotle Pacific Capital, LLC 23.08% of their portfolio NEWPORT BEACH, CA 1,157,0661.2m $48.1m $48.1m 23.08% Reduced -814.3k -814,287
24 1832 Asset Management L.P. 0.08% of their portfolio TORONTO, A6 1,077,9641.1m $44.8m $44.8m 0.08% Added +46.0k +45,976
25 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,002,4071.0m $41.7m $41.7m 0.01% Reduced -138.7k -138,696
26 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 936,750936.8k $39.0m $39.0m 0.01% Reduced -1.8m -1,783,400
27 CNO Financial Group, Inc. 22.16% of their portfolio Carmel, IN 862,000862.0k $35.9m $35.9m 22.16% Added +505.0k +505,000
28 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 846,168846.2k $35.2m $35.2m 0.01% Reduced -102.9k -102,927
29 Coppell Advisory Solutions LLC 2.50% of their portfolio COPPELL, TX 846,034846.0k $35.2m $35.2m 2.50% Added +466.4k +466,381
30 Calamos Advisors LLC 0.14% of their portfolio NAPERVILLE, IL 812,805812.8k $33.8m $33.8m 0.14% Reduced -499.2k -499,250
31 Donoghue Forlines LLC 9.28% of their portfolio Boston, MA 782,022782.0k $32.5m $32.5m 9.28% Added +196.9k +196,945
32 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 747,083747.1k $31.1m $31.1m 0.04% Reduced -22.9k -22,929
33 OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC 1.63% of their portfolio SAN FRANCISCO, CA 738,962739.0k $30.7m $30.7m 1.63% Reduced -2.9k -2,911
34 CONNING INC. 0.92% of their portfolio HARTFORD, CT 713,275713.3k $26.7m $26.7m 0.92% Added +72.0k +72,000
35 GUGGENHEIM CAPITAL LLC 0.21% of their portfolio CHICAGO, IL 613,929613.9k $25.5m $25.5m 0.21% Reduced -1.6k -1,568
36 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 598,527598.5k $24.9m $24.9m 0.00% Added +187.8k +187,833
37 LORD, ABBETT & CO. LLC 0.08% of their portfolio JERSEY CITY, NJ 596,051596.1k $24.8m $24.8m 0.08% Reduced -41.0k -41,005
38 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 594,938594.9k $24.7m $24.7m 0.02% Reduced -13.5k -13,538
39 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 560,396560.4k $23.3m $23.3m 0.02% Added +55.3k +55,272
40 Ameritas Advisory Services, LLC 1.17% of their portfolio Lincoln, NE 537,974538.0k $22.4m $22.4m 1.17% Reduced -152.7k -152,674
41 Quadrature Capital Ltd 0.37% of their portfolio LONDON, X0 510,156510.2k $21.2m $21.2m 0.37% New
42 FEDERATED HERMES, INC. 0.04% of their portfolio PITTSBURGH, PA 493,150493.1k $20.5m $20.5m 0.04% Reduced -61.9k -61,850
43 Blackstone Inc. 0.09% of their portfolio NEW YORK, NY 492,591492.6k $20.5m $20.5m 0.09% Unchanged
44 Ninety One UK Ltd 0.04% of their portfolio London, X0 431,500431.5k $17.9m $17.9m 0.04% Unchanged
45 L & S Advisors Inc 1.69% of their portfolio Los Angeles, CA 410,860410.9k $17.1m $17.1m 1.69% Reduced -218.3k -218,265
46 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 409,498409.5k $17.0m $17.0m 0.03% Reduced -45.1k -45,064
47 FIRST FOUNDATION ADVISORS 0.62% of their portfolio Irvine, CA 403,498403.5k $16.8m $16.8m 0.62% Reduced -27.9k -27,850
48 State of New Jersey Common Pension Fund D 0.06% of their portfolio TRENTON, NJ 400,000400.0k $16.6m $16.6m 0.06% Reduced -1.5m -1,500,000
49 Catalyst Capital Advisors LLC 0.31% of their portfolio San Juan, PR 374,591374.6k $15.6m $15.6m 0.31% Unchanged
50 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 372,096372.1k $15.5m $15.5m 0.03% Reduced -4.7k -4,697
51 ZEGA Investments, LLC 3.67% of their portfolio PALM BEACH GARDENS, FL 351,761351.8k $14.6m $14.6m 3.67% Reduced -253.4k -253,375
52 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 349,333349.3k $14.5m $14.5m 0.01% Reduced -960.3k -960,269
53 COUNTRY TRUST BANK 0.31% of their portfolio Bloomington, IL 330,319330.3k $13.7m $13.7m 0.31% Added +2.7k +2,749
54 PREVAIL INNOVATIVE WEALTH ADVISORS, LLC 3.03% of their portfolio LEAWOOD, KS 324,530324.5k $13.5m $13.5m 3.03% Reduced -7.9k -7,879
55 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 302,856302.9k $12.6m $12.6m 0.04% Reduced -72.8k -72,820
56 ASSETMARK, INC 0.03% of their portfolio CONCORD, CA 300,420300.4k $12.5m $12.5m 0.03% Added +11.8k +11,761
57 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 295,508295.5k $12.3m $12.3m 0.01% Added +295.4k +295,450
58 KESTRA PRIVATE WEALTH SERVICES, LLC 0.16% of their portfolio AUSTIN, TX 274,342274.3k $11.4m $11.4m 0.16% Reduced -9.4k -9,380
59 Envestnet Portfolio Solutions, Inc. 0.04% of their portfolio BERWYN, PA 266,737266.7k $11.1m $11.1m 0.04% Added +31.4k +31,397
60 Stablepoint Partners, LLC 1.85% of their portfolio BRAINTREE, MA 260,870260.9k $10.8m $10.8m 1.85% Added +9.5k +9,522
61 FORTEM FINANCIAL GROUP, LLC 3.47% of their portfolio PALM DESERT, CA 258,408258.4k $10.7m $10.7m 3.47% Added +142.1k +142,092
62 Secure Asset Management, LLC 1.99% of their portfolio Troy, MI 258,287258.3k $10.7m $10.7m 1.99% Reduced -57.1k -57,094
63 Goldstone Financial Group, LLC 1.35% of their portfolio OAKBROOK TERRACE, IL 246,711246.7k $10.2m $10.2m 1.35% Reduced -1.5k -1,517
64 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 243,783243.8k $10.1m $10.1m 0.01% Reduced -63.5k -63,457
65 DRIVE WEALTH MANAGEMENT, LLC 2.13% of their portfolio LEHI, UT 233,961234.0k $9.7m $9.7m 2.13% Added +21.7k +21,674
66 Matthew Goff Investment Advisor, LLC 1.75% of their portfolio HOUSTON, TX 227,520227.5k $9.5m $9.5m 1.75% Reduced -36.1k -36,090
67 Destiny Wealth Partners, LLC 1.26% of their portfolio TAVARES, FL 225,140225.1k $9.4m $9.4m 1.26% Added +12.4k +12,396
68 Sanctuary Advisors, LLC 0.06% of their portfolio INDIANAPOLIS, IN 224,032224.0k $9.3m $9.3m 0.06% Added +156.3k +156,343
69 Merit Financial Group, LLC 0.10% of their portfolio ALPHARETTA, GA 223,888223.9k $9.3m $9.3m 0.10% Reduced -166.8k -166,786
70 MOULTON WEALTH MANAGEMENT, INC 6.87% of their portfolio SPOKANE, WA 219,012219.0k $9.1m $9.1m 6.87% Added +145.2k +145,153
71 Hennion & Walsh Asset Management, Inc. 0.36% of their portfolio Parsippany, NJ 212,978213.0k $8.9m $8.9m 0.36% Added +13.2k +13,157
72 Integrated Wealth Concepts LLC 0.09% of their portfolio WALTHAM, MA 212,941212.9k $8.9m $8.9m 0.09% Reduced -1.9k -1,932
73 Refined Wealth Management 6.02% of their portfolio SALT LAKE CITY, UT 210,651210.7k $8.8m $8.8m 6.02% Added +572 +572
74 Shilanski & Associates, Inc. 2.49% of their portfolio ANCHORAGE, AK 209,695209.7k $8.7m $8.7m 2.49% Added +5.9k +5,883
75 Fragasso Financial Advisors Inc 0.58% of their portfolio SEWICKLEY, PA 206,564206.6k $8.6m $8.6m 0.58% Reduced -21.3k -21,317
76 KMG FIDUCIARY PARTNERS, LLC 0.61% of their portfolio TOLEDO, OH 198,874198.9k $8.3m $8.3m 0.61% Added +7.3k +7,315
77 MRA Advisory Group 3.87% of their portfolio PARSIPPANY, NJ 198,826198.8k $8.3m $8.3m 3.87% Reduced -22.7k -22,712
78 Hilltop Partners LLC 2.48% of their portfolio MISHAWAKA, IN 197,482197.5k $8.2m $8.2m 2.48% Reduced -41.3k -41,348
79 HORIZON FINANCIAL SERVICES, LLC 4.29% of their portfolio WINSTON SALEM, NC 194,572194.6k $8.1m $8.1m 4.29% Added +1.8k +1,754
80 SCOTIA CAPITAL INC. 0.04% of their portfolio TORONTO, A6 193,854193.9k $8.1m $8.1m 0.04% Reduced -29 -29
81 FIRST MANHATTAN CO. LLC. 0.02% of their portfolio NEW YORK, NY 182,725182.7k $7.6m $7.6m 0.02% Reduced -25.9k -25,925
82 Fortis Capital Management LLC 1.18% of their portfolio BELLEVUE, WA 182,077182.1k $7.6m $7.6m 1.18% Reduced -6.8k -6,801
83 ACT Advisors, LLC. 3.46% of their portfolio ASHEVILLE, NC 180,087180.1k $7.5m $7.5m 3.46% New
84 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 179,541179.5k $7.5m $7.5m 0.02% Reduced -4.5k -4,485
85 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 167,898167.9k $7.0m $7.0m 0.01% Reduced -11.9k -11,916
86 Pathstone Holdings, LLC 0.03% of their portfolio ENGLEWOOD, NJ 165,653165.7k $6.9m $6.9m 0.03% Reduced -362.2k -362,217
87 NewSquare Capital LLC 0.51% of their portfolio NEWTOWN SQUARE, PA 165,459165.5k $6.9m $6.9m 0.51% Reduced -2.5k -2,476
88 O'Connor Financial Group LLC 2.96% of their portfolio QUINCY, IL 162,129162.1k $6.7m $6.7m 2.96% Added +8.7k +8,707
89 Logan Stone Capital, LLC 3.15% of their portfolio CHICAGO, IL 160,718160.7k $6.7m $6.7m 3.15% Reduced -135.9k -135,868
90 Luken Investment Analytics, LLC 2.83% of their portfolio BRENTWOOD, TN 155,480155.5k $6.5m $6.5m 2.83% Reduced -5.1k -5,106
91 Perigon Wealth Management, LLC 0.15% of their portfolio SAN FRANCISCO, CA 152,872152.9k $6.4m $6.4m 0.15% Reduced -19.7k -19,745
92 CreativeOne Wealth, LLC 0.16% of their portfolio OVERLAND PARK, KS 149,865149.9k $6.2m $6.2m 0.16% Added +13.5k +13,522
93 Austin Private Wealth, LLC 0.49% of their portfolio Austin, TX 149,298149.3k $6.2m $6.2m 0.49% Added +60.3k +60,283
94 WEDBUSH SECURITIES INC 0.22% of their portfolio PASADENA, CA 148,084148.1k $6.2m $6.2m 0.22% Added +67.1k +67,061
95 Palogic Value Management, L.P. 2.59% of their portfolio DALLAS, TX 147,942147.9k $6.2m $6.2m 2.59% Added +15.8k +15,841
96 Summit Global Investments 0.36% of their portfolio BOUNTIFUL, UT 147,143147.1k $6.1m $6.1m 0.36% Added +10.6k +10,558
97 Sagace Wealth Management LLC 4.54% of their portfolio ST. PETERSBURG, FL 146,039146.0k $6.1m $6.1m 4.54% Reduced -56.9k -56,922
98 INDEPENDENT FINANCIAL GROUP, LLC 0.17% of their portfolio SAN DIEGO, CA 145,488145.5k $6.1m $6.1m 0.17% Added +12.3k +12,350
99 Live Oak Investment Partners 4.65% of their portfolio AUSTIN, TX 145,403145.4k $6.0m $6.0m 4.65% Reduced -6 -6
100 Jefferies Financial Group Inc. 0.10% of their portfolio NEW YORK, NY 144,622144.6k $6.0m $6.0m 0.10% Reduced -11.9k -11,853