Vault-13

SPDR DOW JONES INDL AVERAGE DIA

UT SER 1 · ETP · CUSIP 78467X109 · ISIN US78467X1090

1,282 institutional holders +24 vs Q1 2025
33,164,17833.2m shares reported held*
$14.6bnreported value*
102 new 407 added 408 reduced 83 sold out net sold ≈ $214.5m (-492.6k 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 ($7.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $440.60. Options: 34 managers hold calls ($5.0bn notional), 38 hold puts ($7.7bn).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 936Q4 22: 1,022Q1 23: 1,000Q2 23: 1,034Q3 23: 1,025Q4 23: 1,139Q1 24: 1,152Q2 24: 1,140Q3 24: 1,189Q4 24: 1,299Q1 25: 1,258Q2 25: 1,2821,282Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022936
Q4 20221,022
Q1 20231,000
Q2 20231,034
Q3 20231,025
Q4 20231,139
Q1 20241,152
Q2 20241,140
Q3 20241,189
Q4 20241,299
Q1 20251,258
Q2 20251,282

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 23: 401 bought or addedQ3 23: 405 cut or sold outQ4 23: 446 bought or addedQ4 23: 399 cut or sold outQ4 23Q1 24: 452 bought or addedQ1 24: 450 cut or sold outQ2 24: 418 bought or addedQ2 24: 465 cut or sold outQ2 24Q3 24: 449 bought or addedQ3 24: 431 cut or sold outQ4 24: 548 bought or addedQ4 24: 391 cut or sold outQ4 24Q1 25: 472 bought or addedQ1 25: 539 cut or sold outQ2 25: 509 bought or addedQ2 25: 491 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023401405
Q4 2023446399
Q1 2024452450
Q2 2024418465
Q3 2024449431
Q4 2024548391
Q1 2025472539
Q2 2025509491

Calls vs puts

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

CallsPuts
$0$2bn$4bn$6bn$8bnQ3 24 calls: $5.9bnQ3 24 puts: $7.4bnQ3 24P/C 1.26Q4 24 calls: $6.8bnQ4 24 puts: $6.7bnQ4 24P/C 0.98Q1 25 calls: $5.9bnQ1 25 puts: $6.5bnQ1 25P/C 1.10Q2 25 calls: $5.0bnQ2 25 puts: $7.7bnQ2 25P/C 1.53
Numbers
QuarterCallsPutsP/C
Q3 2024$5.9bn$7.4bn1.26
Q4 2024$6.8bn$6.7bn0.98
Q1 2025$5.9bn$6.5bn1.10
Q2 2025$5.0bn$7.7bn1.53

Biggest buyers

ROYAL BANK OF CANADA Added +1,192,089+1.2m
IMC-Chicago, LLC New +405,804+405.8k
BARCLAYS PLC Added +404,098+404.1k
WOLVERINE TRADING, LLC Added +301,242+301.2k
BANK OF NOVA SCOTIA New +237,407+237.4k
CITIGROUP INC Added +200,731+200.7k
BANK OF MONTREAL /CAN/ Added +93,068+93.1k
NATIONAL BANK OF CANADA /FI/ Added +90,781+90.8k
AIA Group Ltd Added +85,195+85.2k
Rockefeller Capital Management L.P. Added +80,011+80.0k

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -924,111-924.1k
BNP PARIBAS FINANCIAL MARKETS Reduced -512,285-512.3k
BANK OF AMERICA CORP /DE/ Reduced -326,708-326.7k
USA FINANCIAL FORMULAS Reduced -279,300-279.3k
PINKERTON WEALTH, LLC Reduced -254,685-254.7k
Qube Research & Technologies Ltd Sold out -252,483-252.5k
Modern Wealth Management, LLC Reduced -202,709-202.7k
MORGAN STANLEY Reduced -130,755-130.8k
HSBC HOLDINGS PLC Reduced -122,374-122.4k
Wealth High Governance Capital Ltda Sold out -110,000-110.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $925.8m2.1m shares
Optiver Holding B.V. Reduced $885.7m2.0m shares
WOLVERINE TRADING, LLC Reduced $557.7m1.3m shares
JANE STREET GROUP, LLC Added $527.6m1.2m shares
IMC-Chicago, LLC Reduced $497.1m1.1m shares
CITADEL ADVISORS LLC Reduced $495.3m1.1m shares
SIMPLEX TRADING, LLC Reduced $318.3m722.3k shares
GOLDMAN SACHS GROUP INC Added $173.8m394.5k shares
TCM Advisors, LLC Added $156.5m355.1k shares
BANK OF AMERICA CORP /DE/ New $95.6m217.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.6bn3.6m shares
Optiver Holding B.V. Added $1.5bn3.5m shares
IMC-Chicago, LLC Added $862.0m2.0m shares
MILLENNIUM MANAGEMENT LLC Added $718.9m1.6m shares
WOLVERINE TRADING, LLC Added $632.2m1.4m shares
JANE STREET GROUP, LLC Added $418.7m950.3k shares
CITADEL ADVISORS LLC Reduced $380.0m862.4k shares
JPMORGAN CHASE & CO Added $254.6m577.8k shares
GOLDMAN SACHS GROUP INC Reduced $244.1m554.0k shares
SIMPLEX TRADING, LLC Added $217.7m494.0k 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.

Insider purchases and sales in Q2 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.13% of their portfolio NEW YORK, NY 4,544,8234.5m $2.0bn $2.0bn 0.13% Reduced -130.8k -130,755
2 BANK OF AMERICA CORP /DE/ 0.09% of their portfolio CHARLOTTE, NC 2,405,8632.4m $1.1bn $1.1bn 0.09% Reduced -326.7k -326,708
3 ROYAL BANK OF CANADA 0.08% of their portfolio TORONTO, A6 1,897,6221.9m $836.2m $836.2m 0.08% Added +1.2m +1,192,089
4 LPL Financial LLC 0.23% of their portfolio FORT MILL, SC 1,590,8071.6m $701.0m $701.0m 0.23% Reduced -4.7k -4,664
5 WELLS FARGO & COMPANY/MN 0.13% of their portfolio SAN FRANCISCO, CA 1,366,3831.4m $602.1m $602.1m 0.13% Added +11.5k +11,534
6 CITADEL ADVISORS LLC 0.45% of their portfolio MIAMI, FL 1,168,1531.2m $514.7m $514.7m 0.45% Reduced -17.6k -17,565
7 GOLDMAN SACHS GROUP INC 0.08% of their portfolio NEW YORK, NY 1,143,4521.1m $503.9m $503.9m 0.08% Reduced -924.1k -924,111
8 Hancock Prospecting Pty Ltd 11.91% of their portfolio West Perth, C3 849,769849.8k $374.5m $374.5m 11.91% Unchanged
9 UBS Group AG 0.07% of their portfolio ZURICH, V8 790,995791.0k $348.6m $348.6m 0.07% Added +1.2k +1,202
10 BANK OF MONTREAL /CAN/ 0.13% of their portfolio TORONTO, A6 598,170598.2k $263.6m $263.6m 0.13% Added +93.1k +93,068
11 WOLVERINE TRADING, LLC 6.15% of their portfolio CHICAGO, IL 552,877552.9k $242.2m $242.2m 6.15% Added +301.2k +301,242
12 AMERIPRISE FINANCIAL INC 0.06% of their portfolio MINNEAPOLIS, MN 541,956542.0k $234.3m $234.3m 0.06% Reduced -49.8k -49,820
13 CHURCHILL MANAGEMENT Corp 2.55% of their portfolio Los Angeles, CA 532,670532.7k $234.7m $234.7m 2.55% Added +1.2k +1,194
14 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 495,852495.9k $218.5m $218.5m 0.02% Added +33.6k +33,614
15 BARCLAYS PLC 0.08% of their portfolio LONDON, X0 449,221449.2k $197.9m $197.9m 0.08% Added +404.1k +404,098
16 RAYMOND JAMES FINANCIAL INC 0.07% of their portfolio ST. PETERSBURG, FL 433,334433.3k $190.9m $190.9m 0.07% Added +8.7k +8,669
17 IMC-Chicago, LLC 4.47% of their portfolio CHICAGO, IL 405,804405.8k $178.8m $178.8m 4.47% New
18 NISSAY ASSET MANAGEMENT CORP /JAPAN 1.01% of their portfolio Tokyo, M0 391,575391.6k $172.5m $172.5m 1.01% Unchanged
19 BNP PARIBAS FINANCIAL MARKETS 0.13% of their portfolio PARIS, I0 383,975384.0k $169.2m $169.2m 0.13% Reduced -512.3k -512,285
20 CITIGROUP INC 0.10% of their portfolio NEW YORK, NY 329,671329.7k $145.3m $145.3m 0.10% Added +200.7k +200,731
21 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.09% of their portfolio MILWAUKEE, WI 281,398281.4k $124.0m $124.0m 0.09% Added +1.7k +1,668
22 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 266,751266.8k $117.5m $117.5m 0.03% Added +7.9k +7,927
23 COMMONWEALTH EQUITY SERVICES, LLC 0.15% of their portfolio WALTHAM, MA 260,501260.5k $114.8m $114.8m 0.15% Added +14.6k +14,621
24 OSAIC HOLDINGS, INC. 0.19% of their portfolio SCOTTSDALE, AZ 238,043238.0k $105.0m $105.0m 0.19% Reduced -6.4k -6,424
25 BANK OF NOVA SCOTIA 0.21% of their portfolio TORONTO, A6 237,407237.4k $104.6m $104.6m 0.21% New
26 ARKANSAS FINANCIAL GROUP, INC. 15.81% of their portfolio LITTLE ROCK, AR 230,950230.9k $101.8m $101.8m 15.81% Reduced -1.8k -1,799
27 MILLENNIUM MANAGEMENT LLC 0.09% of their portfolio NEW YORK, NY 222,531222.5k $98.1m $98.1m 0.09% Reduced -370 -370
28 Cetera Investment Advisers 0.16% of their portfolio SCHAUMBURG, IL 220,579220.6k $97.2m $97.2m 0.16% Added +26.8k +26,806
29 MIRAE ASSET SECURITIES (USA) INC. 3.89% of their portfolio NEW YORK, NY 200,000200.0k $88.1m $88.1m 3.89% Unchanged
30 JONES FINANCIAL COMPANIES LLLP 0.06% of their portfolio DES PERES, MO 190,325190.3k $83.4m $83.4m 0.06% Added +37.6k +37,561
31 Cambridge Investment Research Advisors, Inc. 0.25% of their portfolio FAIRFIELD, IA 188,596188.6k $83.1m $83.1m 0.25% Added +38.3k +38,288
32 Optiver Holding B.V. 2.18% of their portfolio AMSTERDAM, P7 182,998183.0k $80.6m $80.6m 2.18% Added +46.4k +46,364
33 PNC Financial Services Group, Inc. 0.05% of their portfolio Pittsburgh, PA 181,705181.7k $80.1m $80.1m 0.05% Added +577 +577
34 Berkshire Money Management, Inc. 8.39% of their portfolio DALTON, MA 180,920180.9k $79.7m $79.7m 8.39% Added +36.1k +36,091
35 STIFEL FINANCIAL CORP 0.07% of their portfolio ST. LOUIS, MO 172,552172.6k $76.0m $76.0m 0.07% Added +4.4k +4,438
36 TRUIST FINANCIAL CORP 0.11% of their portfolio CHARLOTTE, NC 168,435168.4k $74.2m $74.2m 0.11% Added +9.1k +9,123
37 CAPTRUST FINANCIAL ADVISORS 0.16% of their portfolio RALEIGH, NC 163,335163.3k $72.0m $72.0m 0.16% Reduced -852 -852
38 Rockefeller Capital Management L.P. 0.08% of their portfolio NEW YORK, NY 155,640155.6k $68.6m $68.6m 0.08% Added +80.0k +80,011
39 Sanctuary Advisors, LLC 0.42% of their portfolio INDIANAPOLIS, IN 154,034154.0k $67.9m $67.9m 0.42% Reduced -1.7k -1,711
40 AIA Group Ltd 1.25% of their portfolio HONG KONG, K3 130,370130.4k $57.4m $57.4m 1.25% Added +85.2k +85,195
41 NATIONAL BANK OF CANADA /FI/ 0.06% of their portfolio MONTREAL, A8 120,429120.4k $53.1m $53.1m 0.06% Added +90.8k +90,781
42 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.09% of their portfolio PLYMOUTH, MN 116,596116.6k $52.2m $52.2m 0.09% Added +9.1k +9,100
43 Atria Investments, Inc 0.61% of their portfolio Charlotte, NC 116,535116.5k $51.4m $51.4m 0.61% Added +1.5k +1,469
44 SG Americas Securities, LLC 0.22% of their portfolio NEW YORK, NY 112,296112.3k $49.5m $49.5m 0.22% Reduced -27.0k -27,034
45 CM WEALTH ADVISORS LLC 14.49% of their portfolio BEACHWOOD, OH 111,540111.5k $49.3m $49.3m 14.49% Reduced -1.4k -1,401
46 Creative Planning 0.04% of their portfolio OVERLAND PARK, KS 107,336107.3k $47.3m $47.3m 0.04% Added +2.8k +2,780
47 HighTower Advisors, LLC 0.05% of their portfolio CHICAGO, IL 92,23592.2k $40.6m $40.6m 0.05% Added +17.9k +17,857
48 Cerity Partners LLC 0.07% of their portfolio NEW YORK, NY 91,47191.5k $40.3m $40.3m 0.07% Added +10.0k +10,038
49 Private Advisor Group, LLC 0.21% of their portfolio MORRISTOWN, NJ 86,63186.6k $38.2m $38.2m 0.21% Reduced -24.7k -24,741
50 STEEL GROVE CAPITAL ADVISORS, LLC 4.42% of their portfolio MEMPHIS, TN 84,57084.6k $37.3m $37.3m 4.42% Unchanged
51 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 82,65182.7k $36.4m $36.4m 0.01% Added +2.4k +2,410
52 Heck Capital Advisors, LLC 3.07% of their portfolio Rhinelander, WI 80,82880.8k $35.7m $35.7m 3.07% Added +23.1k +23,058
53 FMR LLC 0.00% of their portfolio BOSTON, MA 78,68378.7k $34.7m $34.7m 0.00% Reduced -1.2k -1,225
54 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.05% of their portfolio BALA CYNWYD, PA 77,65477.7k $34.2m $34.2m 0.05% Reduced -101.7k -101,690
55 Mariner, LLC 0.05% of their portfolio Overland Park, KS 77,40977.4k $34.1m $34.1m 0.05% Added +4.1k +4,132
56 TCP Asset Management, LLC 6.36% of their portfolio Upper Arlington, OH 72,80772.8k $32.1m $32.1m 6.36% Added +3.4k +3,428
57 NewEdge Advisors, LLC 0.15% of their portfolio NEW ORLEANS, LA 66,10766.1k $29.1m $29.1m 0.15% Added +5.4k +5,393
58 Bridgewater Advisors Inc. 2.24% of their portfolio NEW YORK, NY 65,98166.0k $29.5m $29.5m 2.24% Added +12.8k +12,796
59 Latko Wealth Management, Ltd. 16.21% of their portfolio FRANKFORT, IL 65,43665.4k $28.8m $28.8m 16.21% Added +1.6k +1,620
60 Corient Private Wealth LP 0.04% of their portfolio MIAMI, FL 64,90764.9k $28.6m $28.6m 0.04% Added +1.1k +1,146
61 STEPHENS INC /AR/ 0.38% of their portfolio LITTLE ROCK, AR 63,08263.1k $27.8m $27.8m 0.38% Added +1.9k +1,881
62 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 61,71661.7k $27.2m $27.2m 0.01% Added +216 +216
63 SteelPeak Wealth, LLC 1.06% of their portfolio WOODLAND HILLS, CA 61,22761.2k $27.1m $27.1m 1.06% Added +9.8k +9,769
64 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 60,17560.2k $26.5m $26.5m 0.02% New
65 J. Goldman & Co LP 0.80% of their portfolio NEW YORK, NY 57,83357.8k $25.5m $25.5m 0.80% Added +8.2k +8,194
66 Select Asset Management & Trust 8.71% of their portfolio MECHANICSBURG, PA 57,71757.7k $25.4m $25.4m 8.71% Reduced -2.9k -2,858
67 Janney Montgomery Scott LLC 0.07% of their portfolio PHILADELPHIA, PA 57,17357.2k $25.2m $25.2m 0.07% Added +2.5k +2,510
68 AVANTAX ADVISORY SERVICES, INC. 0.14% of their portfolio DALLAS, TX 56,27056.3k $24.8m $24.8m 0.14% Added +4.5k +4,465
69 Conservest Capital Advisors, Inc. 2.36% of their portfolio WYNNEWOOD, PA 54,18854.2k $23.9m $23.9m 2.36% Reduced -2.1k -2,051
70 Beacon Capital Management, LLC 3.22% of their portfolio FRANKLIN, TN 54,07454.1k $23.8m $23.8m 3.22% Reduced -18.8k -18,849
71 MEITAV INVESTMENT HOUSE LTD 0.32% of their portfolio BENE-BERAQ, L3 53,49153.5k $23.6m $23.6m 0.32% Reduced -432 -432
72 PINNACLE ASSOCIATES LTD 0.34% of their portfolio NEW YORK, NY 53,24553.2k $23.5m $23.5m 0.34% Reduced -2.9k -2,862
73 Mine & Arao Wealth Creation & Management, LLC. 10.38% of their portfolio CAMPBELL, CA 52,79652.8k $23.3m $23.3m 10.38% Reduced -221 -221
74 Steward Partners Investment Advisory, LLC 0.18% of their portfolio STAMFORD, CT 52,59952.6k $23.2m $23.2m 0.18% Added +8.4k +8,396
75 Johnson Bixby & Associates, LLC 3.18% of their portfolio VANCOUVER, WA 52,51852.5k $23.1m $23.1m 3.18% Reduced -43 -43
76 Integrated Wealth Concepts LLC 0.23% of their portfolio WALTHAM, MA 51,62651.6k $22.7m $22.7m 0.23% Reduced -128 -128
77 BLAIR WILLIAM & CO/IL 0.06% of their portfolio CHICAGO, IL 50,88150.9k $22.4m $22.4m 0.06% Reduced -1.4k -1,441
78 INTEGRITY ALLIANCE, LLC. 1.21% of their portfolio Urbandale, IA 50,06250.1k $22.1m $22.1m 1.21% Reduced -31.5k -31,459
79 Atlas Private Wealth Advisors 2.80% of their portfolio RED BANK, NJ 49,29349.3k $21.7m $21.7m 2.80% Reduced -3.2k -3,219
80 Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD 1.55% of their portfolio Tel Aviv, L3 48,43148.4k $21.4m $21.4m 1.55% Unchanged
81 Ocean Park Asset Management, LLC 0.71% of their portfolio SANTA MONICA, CA 47,35647.4k $19.9m $19.9m 0.71% Unchanged
82 GenWealth Group, Inc. 4.21% of their portfolio Maplewood, NJ 47,33847.3k $20.9m $20.9m 4.21% New
83 Focus Partners Wealth 0.05% of their portfolio ST LOUIS, MO 47,18947.2k $20.8m $20.8m 0.05% Added +353 +353
84 MML INVESTORS SERVICES, LLC 0.06% of their portfolio SPRINGFIELD, MA 46,69746.7k $20.6m $20.6m 0.06% Reduced -5.9k -5,929
85 AMG National Trust Bank 0.51% of their portfolio GREENWOOD VILLAGE, CO 44,37244.4k $19.6m $19.6m 0.51% Reduced -1.9k -1,884
86 CIBC WORLD MARKET INC. 0.04% of their portfolio TORONTO, A6 43,96144.0k $19.4m $19.4m 0.04% Reduced -55.2k -55,166
87 Summit Financial, LLC 0.42% of their portfolio PARSIPPANY, NJ 42,38342.4k $18.7m $18.7m 0.42% Added +29.4k +29,399
88 Creekmur Asset Management LLC 3.18% of their portfolio MORTON, IL 40,83640.8k $18.0m $18.0m 3.18% Reduced -4.7k -4,697
89 Allworth Financial LP 0.08% of their portfolio FOLSOM, CA 40,03340.0k $17.6m $17.6m 0.08% Added +19.9k +19,935
90 Pinnacle Financial Partners Inc 0.37% of their portfolio Nashville, TN 39,55939.6k $17.4m $17.4m 0.37% Reduced -4 -4
91 Prostatis Group LLC 4.91% of their portfolio HANOVER, MD 38,94838.9k $17.2m $17.2m 4.91% Added +32.9k +32,883
92 Baird Financial Group, Inc. 0.03% of their portfolio MILWAUKEE, WI 37,45537.5k $16.5m $16.5m 0.03% Reduced -1.2k -1,180
93 Concurrent Investment Advisors, LLC 0.32% of their portfolio Tampa, FL 37,32737.3k $16.4m $16.4m 0.32% Added +888 +888
94 Clarity Wealth Advisors, LLC 4.02% of their portfolio SAN JOSE, CA 37,00837.0k $16.3m $16.3m 4.02% Added +2.5k +2,535
95 SMITHBRIDGE ASSET MANAGEMENT INC/DE 2.78% of their portfolio Chadds Ford, PA 36,04936.0k $15.9m $15.9m 2.78% Added +329 +329
96 Kestra Advisory Services, LLC 0.08% of their portfolio AUSTIN, TX 35,24335.2k $15.5m $15.5m 0.08% Added +2.1k +2,087
97 TD Waterhouse Canada Inc. 0.11% of their portfolio TORONTO, A6 35,04035.0k $15.6m $15.6m 0.11% Added +77 +77
98 COMMERCE BANK 0.09% of their portfolio KANSAS CITY, MO 34,72734.7k $15.3m $15.3m 0.09% Added +113 +113
99 IFG Advisory, LLC 0.74% of their portfolio ATLANTA, GA 33,39933.4k $14.7m $14.7m 0.74% Added +2.0k +2,004
100 MKT Advisors LLC 5.80% of their portfolio CARLSBAD, CA 32,90832.9k $14.6m $14.6m 5.80% Reduced -220 -220