Vault-13

SSGA ACTIVE ETF TR SRLN

BLACKSTONE SENR · ETP · CUSIP 78467V608

526 institutional holders +25 vs Q3 2025
123,331,850123.3m shares reported held*
$5.1bnreported value*
59 new 222 added 166 reduced 52 sold out net sold ≈ $354.5m (-8.6m 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 ($14.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $41.26. Options: 2 managers hold calls ($3.1m notional), 2 hold puts ($3.8m).

Trends to Q4 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: 525Q3 25: 501Q4 25: 526526Q3 22Q2 23Q1 24Q4 24Q4 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
Q3 2025501
Q4 2025526

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 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 25Q3 25: 271 bought or addedQ3 25: 199 cut or sold outQ4 25: 281 bought or addedQ4 25: 218 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024264204
Q2 2024292186
Q3 2024237258
Q4 2024288195
Q1 2025273228
Q2 2025231271
Q3 2025271199
Q4 2025281218

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ1 25 calls: $333.0kQ1 25 puts: $1.8mQ1 25P/C 5.53Q2 25 calls: $1.5mQ2 25 puts: $1.2mQ2 25P/C 0.77Q3 25 calls: $1.2mQ3 25 puts: $286.9kQ3 25P/C 0.24Q4 25 calls: $3.1mQ4 25 puts: $3.8mQ4 25P/C 1.20
Numbers
QuarterCallsPutsP/C
Q1 2025$333.0k$1.8m5.53
Q2 2025$1.5m$1.2m0.77
Q3 2025$1.2m$286.9k0.24
Q4 2025$3.1m$3.8m1.20

Biggest buyers

JANE STREET GROUP, LLC New +1,349,688+1.3m
Liberty Mutual Group Asset Management Inc. Added +855,987+856.0k
Diversify Advisory Services, LLC Added +733,327+733.3k
MORGAN STANLEY Added +706,376+706.4k
STATE OF WISCONSIN INVESTMENT BOARD New +609,000+609.0k
Ocean Park Asset Management, LLC Added +580,165+580.2k
HRT FINANCIAL LP Added +484,309+484.3k
Ensign Peak Advisors, Inc Added +484,203+484.2k
Ameritas Advisory Services, LLC Added +430,055+430.1k
CITADEL ADVISORS LLC New +375,672+375.7k

Biggest sellers

Corebridge Financial, Inc. Sold out -9,585,037-9.6m
NEUBERGER BERMAN GROUP LLC Reduced -2,782,576-2.8m
RENAISSANCE TECHNOLOGIES LLC Reduced -1,349,596-1.3m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -960,000-960.0k
Ninety One UK Ltd Reduced -746,939-746.9k
DEUTSCHE BANK AG\ Reduced -435,291-435.3k
ROYAL BANK OF CANADA Reduced -326,789-326.8k
State of Tennessee, Department of Treasury Reduced -310,992-311.0k
L & S Advisors Inc Reduced -302,650-302.6k
GUGGENHEIM CAPITAL LLC Reduced -248,219-248.2k

Biggest calls

CITADEL ADVISORS LLC Added $3.0m71.9k shares
SIMPLEX TRADING, LLC New $169.2k4.1k shares

Biggest puts

EMG Holdings, L.P. New $3.5m85.3k shares
CITADEL ADVISORS LLC Reduced $235.2k5.7k 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 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 11,164,71711.2m $460.8m $460.8m 0.03% Added +706.4k +706,376
2 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 10,645,22610.6m $439.3m $439.3m 0.03% Reduced -54.2k -54,245
3 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.68% of their portfolio TORONTO, A6 9,757,4419.8m $402.7m $402.7m 0.68% Reduced -960.0k -960,000
4 Arizona PSPRS Trust 12.70% of their portfolio PHOENIX, AZ 8,357,3478.4m $344.9m $344.9m 12.70% Added +207.6k +207,611
5 State of Tennessee, Department of Treasury 0.82% of their portfolio NASHVILLE, TN 6,289,9866.3m $257.6m $257.6m 0.82% Reduced -311.0k -310,992
6 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 6,215,7496.2m $256.5m $256.5m 0.04% Added +144.5k +144,542
7 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 3,837,0573.8m $158.4m $158.4m 0.04% Added +154.2k +154,173
8 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 3,407,5253.4m $140.6m $140.6m 0.00% Added +131.7k +131,736
9 UBS Group AG 0.03% of their portfolio ZURICH, V8 3,063,0843.1m $126.4m $126.4m 0.03% Added +256.8k +256,827
10 Ensign Peak Advisors, Inc 0.22% of their portfolio SALT LAKE CITY, UT 3,038,8773.0m $125.4m $125.4m 0.22% Added +484.2k +484,203
11 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 2,199,6752.2m $90.8m $90.8m 0.02% Reduced -326.8k -326,789
12 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 2,158,1122.2m $89.1m $89.1m 0.02% Reduced -45.5k -45,479
13 Advisory Alpha, LLC 2.03% of their portfolio HOLLAND, MI 1,803,1331.8m $74.4m $74.4m 2.03% Added +18.1k +18,096
14 Aristotle Pacific Capital, LLC 25.68% of their portfolio NEWPORT BEACH, CA 1,517,0661.5m $62.6m $62.6m 25.68% Added +113.6k +113,613
15 Symetra Investment Management Co 10.86% of their portfolio Farmington, CT 1,495,0851.5m $61.7m $61.7m 10.86% Reduced -69.1k -69,130
16 Liberty Mutual Group Asset Management Inc. 5.72% of their portfolio Boston, MA 1,457,0941.5m $60.1m $60.1m 5.72% Added +856.0k +855,987
17 JANE STREET GROUP, LLC 0.07% of their portfolio NEW YORK, NY 1,349,6881.3m $55.7m $55.7m 0.07% New
18 Horizon Investments, LLC 0.61% of their portfolio Charlotte, NC 1,172,6121.2m $48.4m $48.4m 0.61% Added +22.0k +21,956
19 1832 Asset Management L.P. 0.06% of their portfolio TORONTO, A6 1,106,5511.1m $45.7m $45.7m 0.06% Added +20.6k +20,570
20 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,055,6691.1m $43.6m $43.6m 0.01% Added +39.7k +39,668
21 CNO Financial Group, Inc. 20.16% of their portfolio Carmel, IN 862,000862.0k $35.6m $35.6m 20.16% Unchanged
22 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 861,750861.8k $35.6m $35.6m 0.01% Reduced -75.0k -75,000
23 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 832,235832.2k $34.3m $34.3m 0.01% Reduced -22.6k -22,551
24 Calamos Advisors LLC 0.14% of their portfolio NAPERVILLE, IL 812,805812.8k $33.5m $33.5m 0.14% Unchanged
25 HRT FINANCIAL LP 0.13% of their portfolio NEW YORK, NY 808,459808.5k $33.4m $33.4m 0.13% Added +484.3k +484,309
26 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 797,035797.0k $32.9m $32.9m 0.04% Reduced -69.1k -69,089
27 OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC 1.63% of their portfolio SAN FRANCISCO, CA 768,820768.8k $31.7m $31.7m 1.63% Reduced -1.8k -1,796
28 Diversify Advisory Services, LLC 0.98% of their portfolio SANDY, UT 747,744747.7k $31.0m $31.0m 0.98% Added +733.3k +733,327
29 BlackRock, Inc. 0.00% of their portfolio New York, NY 744,154744.2k $30.7m $30.7m 0.00% Reduced -180.0k -180,000
30 Ocean Park Asset Management, LLC 1.33% of their portfolio SANTA MONICA, CA 685,882685.9k $28.3m $28.3m 1.33% Added +580.2k +580,165
31 CONNING INC. 0.89% of their portfolio HARTFORD, CT 641,275641.3k $26.5m $26.5m 0.89% Unchanged
32 Thrivent Financial for Lutherans 0.05% of their portfolio Minneapolis, MN 617,564617.6k $25.5m $25.5m 0.05% Added +157.7k +157,684
33 STATE OF WISCONSIN INVESTMENT BOARD 0.06% of their portfolio MADISON, WI 609,000609.0k $25.1m $25.1m 0.06% New
34 LORD, ABBETT & CO. LLC 0.08% of their portfolio JERSEY CITY, NJ 607,868607.9k $25.1m $25.1m 0.08% Added +10.2k +10,219
35 FEDERATED HERMES, INC. 0.04% of their portfolio PITTSBURGH, PA 600,650600.6k $24.8m $24.8m 0.04% Added +107.5k +107,500
36 Donoghue Forlines LLC 7.48% of their portfolio Boston, MA 586,350586.4k $24.2m $24.2m 7.48% Reduced -36.0k -36,029
37 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 565,480565.5k $23.3m $23.3m 0.02% Added +33.2k +33,228
38 Blackstone Inc. 0.10% of their portfolio NEW YORK, NY 555,591555.6k $22.9m $22.9m 0.10% Unchanged
39 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 536,851536.9k $22.2m $22.2m 0.02% Reduced -32.2k -32,160
40 Coppell Advisory Solutions LLC 2.16% of their portfolio COPPELL, TX 531,514531.5k $21.9m $21.9m 2.16% Added +53.1k +53,150
41 Ninety One UK Ltd 0.04% of their portfolio London, X0 499,591499.6k $20.6m $20.6m 0.04% Reduced -746.9k -746,939
42 Ameritas Advisory Services, LLC 0.70% of their portfolio Lincoln, NE 454,158454.2k $18.7m $18.7m 0.70% Added +430.1k +430,055
43 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 439,839439.8k $18.2m $18.2m 0.03% Reduced -70.0k -70,037
44 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 382,594382.6k $15.8m $15.8m 0.04% Added +28.0k +27,997
45 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 375,672375.7k $15.5m $15.5m 0.01% New
46 PREVAIL INNOVATIVE WEALTH ADVISORS, LLC 2.77% of their portfolio LEAWOOD, KS 374,854374.9k $15.5m $15.5m 2.77% Added +12.3k +12,325
47 Catalyst Capital Advisors LLC 0.32% of their portfolio San Juan, PR 374,591374.6k $15.5m $15.5m 0.32% Unchanged
48 Asset Allocation & Management Company, LLC 6.11% of their portfolio CHICAGO, IL 371,904371.9k $15.3m $15.3m 6.11% Added +164.1k +164,100
49 CWM, LLC 0.04% of their portfolio OMAHA, NE 371,775371.8k $15.3m $15.3m 0.04% Added +233.3k +233,273
50 GUGGENHEIM CAPITAL LLC 0.11% of their portfolio CHICAGO, IL 370,396370.4k $15.3m $15.3m 0.11% Reduced -248.2k -248,219
51 COUNTRY TRUST BANK 0.25% of their portfolio Bloomington, IL 335,974336.0k $13.9m $13.9m 0.25% Added +899 +899
52 FIRST FOUNDATION ADVISORS 0.51% of their portfolio Irvine, CA 329,256329.3k $13.6m $13.6m 0.51% Reduced -31.5k -31,548
53 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 318,902318.9k $13.2m $13.2m 0.01% Reduced -2.8m -2,782,576
54 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 315,304315.3k $13.0m $13.0m 0.03% Added +20.0k +19,978
55 Secure Asset Management, LLC 2.05% of their portfolio Troy, MI 314,928314.9k $13.0m $13.0m 2.05% Added +18.2k +18,176
56 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 311,345311.3k $12.8m $12.8m 0.01% Reduced -76.9k -76,901
57 ASSETMARK, INC 0.03% of their portfolio CONCORD, CA 305,580305.6k $12.6m $12.6m 0.03% Reduced -6.5k -6,523
58 Envestnet Portfolio Solutions, Inc. 0.04% of their portfolio BERWYN, PA 304,555304.6k $12.6m $12.6m 0.04% Added +25.0k +25,011
59 FORTEM FINANCIAL GROUP, LLC 3.17% of their portfolio PALM DESERT, CA 287,622287.6k $11.9m $11.9m 3.17% Added +6.1k +6,109
60 Stablepoint Partners, LLC 1.85% of their portfolio BRAINTREE, MA 287,083287.1k $11.8m $11.8m 1.85% Added +7.3k +7,296
61 Goldstone Financial Group, LLC 1.30% of their portfolio OAKBROOK TERRACE, IL 282,143282.1k $11.6m $11.6m 1.30% Added +19.7k +19,706
62 Destiny Wealth Partners, LLC 1.28% of their portfolio TAVARES, FL 270,386270.4k $11.2m $11.2m 1.28% Added +13.2k +13,241
63 ZEGA Investments, LLC 2.06% of their portfolio PALM BEACH GARDENS, FL 257,316257.3k $10.6m $10.6m 2.06% Reduced -99.9k -99,916
64 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 256,894256.9k $10.6m $10.6m 0.02% Added +146.6k +146,591
65 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 255,000255.0k $10.5m $10.5m 0.01% Reduced -65.4k -65,354
66 KESTRA PRIVATE WEALTH SERVICES, LLC 0.13% of their portfolio AUSTIN, TX 254,336254.3k $10.5m $10.5m 0.13% Reduced -9.0k -9,049
67 KMG FIDUCIARY PARTNERS, LLC 0.74% of their portfolio TOLEDO, OH 251,506251.5k $10.4m $10.4m 0.74% Added +39.8k +39,822
68 Motley Fool Wealth Management, LLC 0.77% of their portfolio ALEXANDRIA, VA 240,039240.0k $9.9m $9.9m 0.77% Reduced -39.0k -39,040
69 MRA Advisory Group 4.15% of their portfolio PARSIPPANY, NJ 239,481239.5k $9.9m $9.9m 4.15% Added +23.3k +23,272
70 Fragasso Financial Advisors Inc 0.59% of their portfolio SEWICKLEY, PA 235,934235.9k $9.7m $9.7m 0.59% Added +14.5k +14,491
71 SCOTIA CAPITAL INC. 0.04% of their portfolio TORONTO, A6 224,999225.0k $9.3m $9.3m 0.04% Added +29.5k +29,467
72 INDEPENDENT FINANCIAL GROUP, LLC 0.21% of their portfolio SAN DIEGO, CA 224,320224.3k $9.3m $9.3m 0.21% Added +63.3k +63,272
73 Twelve Points Wealth Management LLC 2.08% of their portfolio CONCORD, MA 223,632223.6k $9.3m $9.3m 2.08% Added +75.7k +75,725
74 HORIZON FINANCIAL SERVICES, LLC 4.15% of their portfolio WINSTON SALEM, NC 221,016221.0k $9.1m $9.1m 4.15% Added +13.9k +13,875
75 Refined Wealth Management 6.11% of their portfolio SALT LAKE CITY, UT 219,927219.9k $9.1m $9.1m 6.11% Added +802 +802
76 Hilltop Partners LLC 2.33% of their portfolio MISHAWAKA, IN 218,856218.9k $9.0m $9.0m 2.33% Added +13.9k +13,911
77 Matthew Goff Investment Advisor, LLC 1.60% of their portfolio HOUSTON, TX 218,611218.6k $9.0m $9.0m 1.60% Reduced -6.8k -6,786
78 Integrated Wealth Concepts LLC 0.11% of their portfolio WALTHAM, MA 217,933217.9k $9.0m $9.0m 0.11% Added +4.5k +4,460
79 GTS SECURITIES LLC 0.30% of their portfolio NEW YORK, NY 214,010214.0k $8.8m $8.8m 0.30% New
80 Merit Financial Group, LLC 0.07% of their portfolio ALPHARETTA, GA 213,685213.7k $8.8m $8.8m 0.07% Reduced -5.2k -5,225
81 Sanctuary Advisors, LLC 0.05% of their portfolio INDIANAPOLIS, IN 212,258212.3k $8.8m $8.8m 0.05% Reduced -89.4k -89,353
82 ACT Advisors, LLC. 3.34% of their portfolio ASHEVILLE, NC 205,284205.3k $8.5m $8.5m 3.34% New
83 Graham Capital Management, L.P. 0.28% of their portfolio ROWAYTON, CT 200,000200.0k $8.3m $8.3m 0.28% New
84 Bramshill Investments, LLC 0.47% of their portfolio NAPLES, FL 200,000200.0k $8.3m $8.3m 0.47% Added +82.0k +82,000
85 Fortis Capital Management LLC 1.09% of their portfolio BELLEVUE, WA 199,806199.8k $8.2m $8.2m 1.09% Added +19.9k +19,913
86 PRELUDE CAPITAL MANAGEMENT, LLC 0.57% of their portfolio NEW YORK, NY 188,330188.3k $7.8m $7.8m 0.57% Added +8.1k +8,103
87 Canal Capital Management, LLC 1.07% of their portfolio Richmond, VA 183,298183.3k $7.6m $7.6m 1.07% Added +48.7k +48,711
88 Austin Private Wealth, LLC 0.56% of their portfolio Austin, TX 181,612181.6k $7.5m $7.5m 0.56% Added +18.6k +18,588
89 FIRST MANHATTAN CO. LLC. 0.02% of their portfolio NEW YORK, NY 180,074180.1k $7.4m $7.4m 0.02% Reduced -2.3k -2,275
90 Hennion & Walsh Asset Management, Inc. 0.25% of their portfolio Parsippany, NJ 178,724178.7k $7.4m $7.4m 0.25% Added +12.3k +12,307
91 CreativeOne Wealth, LLC 0.17% of their portfolio OVERLAND PARK, KS 174,101174.1k $7.2m $7.2m 0.17% Added +14.7k +14,698
92 O'Connor Financial Group LLC 2.85% of their portfolio QUINCY, IL 173,157173.2k $7.2m $7.2m 2.85% Added +7.3k +7,320
93 WEDBUSH SECURITIES INC 0.21% of their portfolio PASADENA, CA 170,548170.5k $7.0m $7.0m 0.21% Added +15.1k +15,099
94 Jefferies Financial Group Inc. 0.06% of their portfolio NEW YORK, NY 167,300167.3k $6.9m $6.9m 0.06% Added +31.1k +31,132
95 Palogic Value Management, L.P. 2.95% of their portfolio DALLAS, TX 166,745166.7k $6.9m $6.9m 2.95% Added +4.3k +4,259
96 Westview Management dba Westview Investment Advisors 3.17% of their portfolio BURLINGTON, VT 161,147161.1k $6.7m $6.7m 3.17% First filing
97 Beta Wealth Group, Inc. 2.65% of their portfolio SAN DIEGO, CA 159,608159.6k $6.6m $6.6m 2.65% Reduced -664 -664
98 BLUELINE ADVISORS LLC 5.37% of their portfolio EXETER, NH 159,478159.5k $6.6m $6.6m 5.37% First filing
99 MIRABELLA FINANCIAL SERVICES LLP 0.62% of their portfolio London, X0 156,900156.9k $6.5m $6.5m 0.62% Added +17.1k +17,093
100 Summit Global Investments 0.38% of their portfolio BOUNTIFUL, UT 156,122156.1k $6.4m $6.4m 0.38% Added +4.5k +4,503