Vault-13

SPDR S&P MIDCAP 400 ETF TR MDY

UTSER1 S&PDCRP · ETP · CUSIP 78467Y107

1,351 institutional holders -10 vs Q1 2025
25,596,60025.6m shares reported held*
$14.5bnreported value*
68 new 329 added 521 reduced 66 sold out net bought ≈ $306.1m (+530.9k 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 ($8.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $565.20. Options: 12 managers hold calls ($535.2m notional), 17 hold puts ($407.5m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,051Q4 22: 1,146Q1 23: 1,136Q2 23: 1,155Q3 23: 1,159Q4 23: 1,235Q1 24: 1,297Q2 24: 1,293Q3 24: 1,319Q4 24: 1,408Q1 25: 1,361Q2 25: 1,3511,351Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 20221,051
Q4 20221,146
Q1 20231,136
Q2 20231,155
Q3 20231,159
Q4 20231,235
Q1 20241,297
Q2 20241,293
Q3 20241,319
Q4 20241,408
Q1 20251,361
Q2 20251,351

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 23: 351 bought or addedQ3 23: 449 cut or sold outQ4 23: 414 bought or addedQ4 23: 452 cut or sold outQ4 23Q1 24: 454 bought or addedQ1 24: 491 cut or sold outQ2 24: 423 bought or addedQ2 24: 506 cut or sold outQ2 24Q3 24: 456 bought or addedQ3 24: 488 cut or sold outQ4 24: 475 bought or addedQ4 24: 477 cut or sold outQ4 24Q1 25: 429 bought or addedQ1 25: 591 cut or sold outQ2 25: 397 bought or addedQ2 25: 587 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023351449
Q4 2023414452
Q1 2024454491
Q2 2024423506
Q3 2024456488
Q4 2024475477
Q1 2025429591
Q2 2025397587

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ3 24 calls: $275.1mQ3 24 puts: $231.4mQ3 24P/C 0.84Q4 24 calls: $463.1mQ4 24 puts: $292.3mQ4 24P/C 0.63Q1 25 calls: $468.1mQ1 25 puts: $307.0mQ1 25P/C 0.66Q2 25 calls: $535.2mQ2 25 puts: $407.5mQ2 25P/C 0.76
Numbers
QuarterCallsPutsP/C
Q3 2024$275.1m$231.4m0.84
Q4 2024$463.1m$292.3m0.63
Q1 2025$468.1m$307.0m0.66
Q2 2025$535.2m$407.5m0.76

Biggest buyers

ROYAL BANK OF CANADA Added +510,634+510.6k
MORGAN STANLEY Added +270,488+270.5k
MOORE CAPITAL MANAGEMENT, LP Added +267,800+267.8k
GOLDMAN SACHS GROUP INC Added +236,056+236.1k
HRT FINANCIAL LP Added +105,961+106.0k
Atlantic Union Bankshares Corp New +90,942+90.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +88,317+88.3k
MIRAE ASSET SECURITIES (USA) INC. New +55,382+55.4k
Rockefeller Capital Management L.P. Added +52,864+52.9k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND New +50,000+50.0k

Biggest sellers

CITADEL ADVISORS LLC Reduced -221,127-221.1k
SG Americas Securities, LLC Reduced -103,005-103.0k
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Reduced -95,523-95.5k
MILLENNIUM MANAGEMENT LLC Reduced -93,560-93.6k
SPX Gestao de Recursos Ltda Sold out -86,698-86.7k
Qube Research & Technologies Ltd Reduced -84,985-85.0k
Starr Indemnity & Liability Co Sold out -67,400-67.4k
FINANCIAL COUNSELORS INC Reduced -65,030-65.0k
UBS Group AG Reduced -61,199-61.2k
Creative Planning Reduced -59,832-59.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $276.5m488.1k shares
CITADEL ADVISORS LLC Reduced $125.3m221.2k shares
IMC-Chicago, LLC Added $40.3m71.1k shares
SIMPLEX TRADING, LLC Added $33.9m59.9k shares
JANE STREET GROUP, LLC Added $26.5m46.7k shares
UBS Group AG Unchanged $12.7m22.5k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $7.3m12.9k shares
WOLVERINE TRADING, LLC Added $5.8m10.2k shares
Walleye Trading LLC New $4.4m7.8k shares
Cubist Systematic Strategies, LLC Added $1.9m3.4k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $248.3m438.4k shares
Twin Tree Management, LP New $59.0m104.2k shares
BRANT POINT INVESTMENT MANAGEMENT LLC Added $45.3m800 shares
IMC-Chicago, LLC Reduced $19.3m34.0k shares
CAPITAL FUND MANAGEMENT S.A. Unchanged $8.5m15.0k shares
CITADEL ADVISORS LLC Reduced $8.3m14.6k shares
Balyasny Asset Management L.P. Unchanged $5.7m10.0k shares
JANE STREET GROUP, LLC Reduced $3.6m6.4k shares
Cubist Systematic Strategies, LLC Reduced $2.7m4.7k shares
WOLVERINE TRADING, LLC Added $2.6m4.6k 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 BANK OF AMERICA CORP /DE/ 0.10% of their portfolio CHARLOTTE, NC 2,237,9772.2m $1.3bn $1.3bn 0.10% Reduced -15.7k -15,716
2 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 1,322,0321.3m $748.9m $748.9m 0.05% Added +270.5k +270,488
3 WELLS FARGO & COMPANY/MN 0.16% of their portfolio SAN FRANCISCO, CA 1,261,6661.3m $714.7m $714.7m 0.16% Reduced -26.4k -26,357
4 NORTHERN TRUST CORP 0.09% of their portfolio CHICAGO, IL 1,100,6791.1m $623.5m $623.5m 0.09% Reduced -15.5k -15,488
5 US BANCORP \DE\ 0.72% of their portfolio MINNEAPOLIS, MN 1,015,7831.0m $575.4m $575.4m 0.72% Reduced -19.9k -19,868
6 Pathstone Holdings, LLC 2.01% of their portfolio ENGLEWOOD, NJ 897,244897.2k $507.3m $507.3m 2.01% Reduced -6.5k -6,503
7 ROYAL BANK OF CANADA 0.05% of their portfolio TORONTO, A6 874,992875.0k $495.7m $495.7m 0.05% Added +510.6k +510,634
8 GOLDMAN SACHS GROUP INC 0.08% of their portfolio NEW YORK, NY 867,700867.7k $491.5m $491.5m 0.08% Added +236.1k +236,056
9 PNC Financial Services Group, Inc. 0.26% of their portfolio Pittsburgh, PA 723,545723.5k $409.9m $409.9m 0.26% Reduced -21.2k -21,151
10 MOORE CAPITAL MANAGEMENT, LP 7.16% of their portfolio NEW YORK, NY 633,725633.7k $359.0m $359.0m 7.16% Added +267.8k +267,800
11 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.25% of their portfolio MILWAUKEE, WI 613,019613.0k $347.3m $347.3m 0.25% Added +36.4k +36,384
12 UBS Group AG 0.07% of their portfolio ZURICH, V8 610,592610.6k $345.9m $345.9m 0.07% Reduced -61.2k -61,199
13 RAYMOND JAMES FINANCIAL INC 0.10% of their portfolio ST. PETERSBURG, FL 526,538526.5k $298.3m $298.3m 0.10% Reduced -27.4k -27,400
14 BANK OF MONTREAL /CAN/ 0.14% of their portfolio TORONTO, A6 500,851500.9k $283.7m $283.7m 0.14% Added +1.9k +1,910
15 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 415,574415.6k $235.4m $235.4m 0.02% Reduced -13.8k -13,791
16 ALLIANCEBERNSTEIN L.P. 0.05% of their portfolio NASHVILLE, TN 264,972265.0k $150.1m $150.1m 0.05% Added +10.8k +10,801
17 Creative Planning 0.13% of their portfolio OVERLAND PARK, KS 263,805263.8k $149.4m $149.4m 0.13% Reduced -59.8k -59,832
18 MAI Capital Management 0.98% of their portfolio INDEPENDENCE, OH 249,015249.0k $141.1m $141.1m 0.98% Added +4.6k +4,630
19 Corient Private Wealth LP 0.18% of their portfolio MIAMI, FL 239,454239.5k $135.6m $135.6m 0.18% Reduced -5.0k -5,024
20 Arvest Bank Trust Division 7.66% of their portfolio DEWEY, OK 231,924231.9k $131.4m $131.4m 7.66% Added +772 +772
21 HighTower Advisors, LLC 0.16% of their portfolio CHICAGO, IL 224,683224.7k $127.3m $127.3m 0.16% Added +7.3k +7,316
22 Conservest Capital Advisors, Inc. 12.21% of their portfolio WYNNEWOOD, PA 218,195218.2k $123.6m $123.6m 12.21% Reduced -4.7k -4,715
23 BNP PARIBAS FINANCIAL MARKETS 0.09% of their portfolio PARIS, I0 203,192203.2k $115.1m $115.1m 0.09% Reduced -55.6k -55,645
24 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 172,211172.2k $97.6m $97.6m 0.03% Added +14.2k +14,175
25 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 172,008172.0k $97.4m $97.4m 0.02% Added +2.5k +2,531
26 Welch & Forbes LLC 1.20% of their portfolio Boston, MA 169,447169.4k $96.0m $96.0m 1.20% Reduced -437 -437
27 WADDELL & ASSOCIATES, LLC 8.68% of their portfolio MEMPHIS, TN 143,568143.6k $81.3m $81.3m 8.68% Added +2.0k +1,980
28 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.12% of their portfolio BALA CYNWYD, PA 139,508139.5k $79.0m $79.0m 0.12% Added +88.3k +88,317
29 WHITTIER TRUST CO 0.91% of their portfolio SOUTH PASADENA, CA 132,647132.6k $75.1m $75.1m 0.91% Reduced -3.0k -2,955
30 Cerity Partners LLC 0.13% of their portfolio NEW YORK, NY 128,923128.9k $73.0m $73.0m 0.13% Reduced -3.2k -3,164
31 TRUIST FINANCIAL CORP 0.10% of their portfolio CHARLOTTE, NC 122,839122.8k $69.6m $69.6m 0.10% Added +5.5k +5,455
32 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.17% of their portfolio LOS ANGELES, CA 122,461122.5k $69.4m $69.4m 0.17% Reduced -95.5k -95,523
33 FineMark National Bank & Trust 2.35% of their portfolio FORT MYERS, FL 122,014122.0k $69.1m $69.1m 2.35% Reduced -2.0k -2,036
34 Hills Bank & Trust Co 4.25% of their portfolio North Liberty, IA 119,169119.2k $67.5m $67.5m 4.25% Reduced -1.2k -1,187
35 BROWN ADVISORY INC 0.09% of their portfolio BALTIMORE, MD 118,721118.7k $67.3m $67.3m 0.09% Added +543 +543
36 HRT FINANCIAL LP 0.33% of their portfolio NEW YORK, NY 108,920108.9k $61.7m $61.7m 0.33% Added +106.0k +105,961
37 STIFEL FINANCIAL CORP 0.06% of their portfolio ST. LOUIS, MO 106,069106.1k $60.1m $60.1m 0.06% Reduced -6.1k -6,081
38 MONTAG A & ASSOCIATES INC 2.92% of their portfolio ATLANTA, GA 105,494105.5k $60.0m $60.0m 2.92% Reduced -1.9k -1,949
39 Mariner, LLC 0.09% of their portfolio Overland Park, KS 105,365105.4k $59.7m $59.7m 0.09% Added +3.8k +3,821
40 SG Americas Securities, LLC 0.26% of their portfolio NEW YORK, NY 104,840104.8k $59.4m $59.4m 0.26% Reduced -103.0k -103,005
41 Rockefeller Capital Management L.P. 0.07% of their portfolio NEW YORK, NY 101,588101.6k $57.6m $57.6m 0.07% Added +52.9k +52,864
42 COMMONWEALTH EQUITY SERVICES, LLC 0.08% of their portfolio WALTHAM, MA 101,557101.6k $57.5m $57.5m 0.08% Reduced -5.3k -5,276
43 Atlantic Union Bankshares Corp 1.18% of their portfolio GLEN ALLEN, VA 90,94290.9k $51.5m $51.5m 1.18% New
44 WASHINGTON TRUST Co 1.77% of their portfolio WESTERLY, RI 88,25588.3k $50.0m $50.0m 1.77% Reduced -53 -53
45 Squarepoint Ops LLC 0.10% of their portfolio NEW YORK, NY 82,48082.5k $46.7m $46.7m 0.10% Added +48.1k +48,145
46 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.08% of their portfolio PLYMOUTH, MN 80,95381.0k $47.1m $47.1m 0.08% Reduced -677 -677
47 Focus Partners Wealth 0.10% of their portfolio ST LOUIS, MO 80,81480.8k $45.8m $45.8m 0.10% Reduced -2.3k -2,344
48 BLAIR WILLIAM & CO/IL 0.12% of their portfolio CHICAGO, IL 78,36678.4k $44.4m $44.4m 0.12% Added +2.7k +2,685
49 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 77,25577.3k $43.7m $43.7m 0.01% Added +8.1k +8,051
50 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 77,05377.1k $43.6m $43.6m 0.01% Added +641 +641
51 Henshaw Capital LLC 1.69% of their portfolio WOBURN, MA 75,05075.0k $42.5m $42.5m 1.69% Unchanged
52 OSAIC HOLDINGS, INC. 0.07% of their portfolio SCOTTSDALE, AZ 73,87273.9k $41.9m $41.9m 0.07% Added +300 +300
53 CAPTRUST FINANCIAL ADVISORS 0.09% of their portfolio RALEIGH, NC 73,26973.3k $41.5m $41.5m 0.09% Reduced -2.6k -2,591
54 Divergent Planning, LLC 11.91% of their portfolio BETHESDA, MD 70,24370.2k $40.3m $40.3m 11.91% Added +3.7k +3,741
55 PITTENGER & ANDERSON INC 1.45% of their portfolio LINCOLN, NE 69,81769.8k $39.5m $39.5m 1.45% Reduced -258 -258
56 Cetera Investment Advisers 0.07% of their portfolio SCHAUMBURG, IL 69,13369.1k $39.2m $39.2m 0.07% Added +6.5k +6,510
57 Portland Global Advisors LLC 4.55% of their portfolio PORTLAND, ME 68,18568.2k $38.6m $38.6m 4.55% Reduced -1.1k -1,116
58 WHITTIER TRUST CO OF NEVADA INC 0.87% of their portfolio RENO, NV 68,06668.1k $38.6m $38.6m 0.87% Added +334 +334
59 Midwest Trust Co 0.50% of their portfolio Overland Park, KS 64,21564.2k $36.4m $36.4m 0.50% First filing
60 Ascent Wealth Partners, LLC 4.32% of their portfolio NEW HARTFORD, NY 61,81361.8k $35.0m $35.0m 4.32% Added +503 +503
61 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.49% of their portfolio CINCINNATI, OH 61,80861.8k $35.1m $35.1m 0.49% Added +100 +100
62 CITIZENS FINANCIAL GROUP INC/RI 0.55% of their portfolio PROVIDENCE, RI 60,78160.8k $34.4m $34.4m 0.55% Added +14.3k +14,336
63 SMITH, MOORE & CO. 2.87% of their portfolio CLAYTON, MO 60,29660.3k $34.2m $34.2m 2.87% Reduced -196 -196
64 MassMutual Private Wealth & Trust, FSB 0.91% of their portfolio Windsor, CT 60,12560.1k $34.1m $34.1m 0.91% Reduced -127 -127
65 PINNACLE ASSOCIATES LTD 0.49% of their portfolio NEW YORK, NY 59,14759.1k $33.5m $33.5m 0.49% Reduced -3.6k -3,604
66 SCS Capital Management LLC 0.35% of their portfolio BOSTON, MA 55,54755.5k $31.5m $31.5m 0.35% Reduced -6.0k -5,958
67 MIRAE ASSET SECURITIES (USA) INC. 1.38% of their portfolio NEW YORK, NY 55,38255.4k $31.4m $31.4m 1.38% New
68 CHOREO, LLC 0.05% of their portfolio ROCKFORD, IL 54,40154.4k $3.5m $3.5m 0.05% Added +63 +63
69 PEAPACK GLADSTONE FINANCIAL CORP 0.43% of their portfolio BEDMINSTER, NJ 53,59653.6k $30.4m $30.4m 0.43% Reduced -123 -123
70 Oldfather Financial Services, LLC 10.37% of their portfolio KEARNEY, NE 53,27553.3k $30.2m $30.2m 10.37% Added +1.4k +1,353
71 WASHBURN CAPITAL MANAGEMENT, INC. 1.88% of their portfolio Vero Beach, FL 51,69051.7k $3.2m $3.2m 1.88% Reduced -9.3k -9,270
72 Granite Bay Wealth Management, LLC 9.37% of their portfolio PORTSMOUTH, NH 51,48651.5k $29.2m $29.2m 9.37% Added +1.1k +1,088
73 Baird Financial Group, Inc. 0.05% of their portfolio MILWAUKEE, WI 51,17651.2k $29.0m $29.0m 0.05% Reduced -571 -571
74 HERITAGE INVESTORS MANAGEMENT CORP 0.91% of their portfolio BETHESDA, MD 50,90750.9k $28.8m $28.8m 0.91% Reduced -562 -562
75 Crewe Advisors LLC 4.04% of their portfolio SALT LAKE CITY, UT 50,43550.4k $28.6m $28.6m 4.04% Reduced -518 -518
76 Janney Montgomery Scott LLC 0.07% of their portfolio PHILADELPHIA, PA 50,10450.1k $28.4m $28.4m 0.07% Added +8.2k +8,239
77 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.06% of their portfolio TORONTO, A6 50,00050.0k $28.3m $28.3m 0.06% New
78 Prescott Group Capital Management, L.L.C. 3.30% of their portfolio Tulsa, OK 49,32349.3k $27.9m $27.9m 3.30% Added +15.0k +15,000
79 MetLife Investment Management, LLC 0.16% of their portfolio Whippany, NJ 48,40048.4k $27.4m $27.4m 0.16% Reduced -29.8k -29,800
80 IFG Advisors, LLC 4.57% of their portfolio ST. LOUIS, MO 48,00348.0k $27.2m $27.2m 4.57% Added +1.6k +1,606
81 Clearstead Advisors, LLC 0.37% of their portfolio CLEVELAND, OH 47,01547.0k $26.6m $26.6m 0.37% Reduced -4.7k -4,705
82 Chicago Partners Investment Group LLC 0.76% of their portfolio CHICAGO, IL 44,90244.9k $26.4m $26.4m 0.76% Added +522 +522
83 CUMBERLAND ADVISORS INC 10.65% of their portfolio SARASOTA, FL 44,70244.7k $25.3m $25.3m 10.65% Reduced -3.7k -3,735
84 COMERICA BANK 0.10% of their portfolio DALLAS, TX 44,31144.3k $25.1m $25.1m 0.10% Reduced -9.7k -9,687
85 LCM Capital Management Inc 12.92% of their portfolio CHICAGO, IL 43,89143.9k $24.9m $24.9m 12.92% Added +104 +104
86 Klingman & Associates, LLC 1.32% of their portfolio New York, NY 42,37842.4k $24.0m $24.0m 1.32% Added +18 +18
87 Composition Wealth, LLC 0.40% of their portfolio LOS ANGELES, CA 41,98842.0k $23.8m $23.8m 0.40% Added +12.2k +12,157
88 CONNING INC. 0.78% of their portfolio HARTFORD, CT 40,18540.2k $22.8m $22.8m 0.78% Unchanged
89 BlackRock, Inc. 0.00% of their portfolio New York, NY 39,52539.5k $22.4m $22.4m 0.00% Reduced -12.8k -12,829
90 BESSEMER GROUP INC 0.04% of their portfolio WOODBRIDGE, NJ 39,23239.2k $22.2m $22.2m 0.04% Reduced -1.1k -1,094
91 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 38,27338.3k $21.7m $21.7m 0.03% Added +34.8k +34,828
92 Lido Advisors, LLC 0.11% of their portfolio Los Angeles, CA 38,08438.1k $21.6m $21.6m 0.11% Reduced -316 -316
93 BASSWOOD CAPITAL MANAGEMENT, L.L.C. 1.07% of their portfolio NEW YORK, NY 38,08238.1k $21.6m $21.6m 1.07% New
94 Curi Capital, LLC 0.41% of their portfolio CHICAGO, IL 37,93337.9k $21.6m $21.6m 0.41% Added +9.6k +9,571
95 JOHNSON INVESTMENT COUNSEL INC 0.19% of their portfolio Cincinnati, OH 36,41136.4k $20.6m $20.6m 0.19% Added +95 +95
96 1ST SOURCE BANK 1.13% of their portfolio SOUTH BEND, IN 36,13936.1k $20.5m $20.5m 1.13% Added +119 +119
97 Steele Capital Management, Inc. 0.91% of their portfolio DUBUQUE, IA 33,50733.5k $19.0m $19.0m 0.91% Reduced -369 -369
98 Pinnacle Financial Partners Inc 0.39% of their portfolio Nashville, TN 32,93632.9k $18.7m $18.7m 0.39% Reduced -204 -204
99 TRUSTMARK BANK TRUST DEPARTMENT 1.26% of their portfolio JACKSON, MS 32,23732.2k $18.3m $18.3m 1.26% Reduced -53 -53
100 HANCOCK WHITNEY CORP 0.35% of their portfolio GULFPORT, MS 31,93631.9k $18.1m $18.1m 0.35% Added +2.7k +2,684