Vault-13

SPDR SER TR SJNK

BLOOMBERG SHT TE · ETP · CUSIP 78468R408

419 institutional holders +16 vs Q3 2025
130,339,984130.3m shares reported held*
$3.2bnreported value*
44 new 163 added 129 reduced 40 sold out net sold ≈ $45.1m (-1.7m 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 ($3.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.89. Options: 3 managers hold calls ($795.3k notional), 0 hold puts (—).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 296Q4 22: 349Q1 23: 320Q2 23: 348Q3 23: 341Q4 23: 361Q1 24: 351Q2 24: 362Q3 24: 359Q4 24: 384Q1 25: 380Q2 25: 396Q3 25: 403Q4 25: 419419Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022296
Q4 2022349
Q1 2023320
Q2 2023348
Q3 2023341
Q4 2023361
Q1 2024351
Q2 2024362
Q3 2024359
Q4 2024384
Q1 2025380
Q2 2025396
Q3 2025403
Q4 2025419

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 24: 183 bought or addedQ1 24: 152 cut or sold outQ2 24: 169 bought or addedQ2 24: 160 cut or sold outQ2 24Q3 24: 178 bought or addedQ3 24: 141 cut or sold outQ4 24: 202 bought or addedQ4 24: 137 cut or sold outQ4 24Q1 25: 221 bought or addedQ1 25: 145 cut or sold outQ2 25: 192 bought or addedQ2 25: 165 cut or sold outQ2 25Q3 25: 214 bought or addedQ3 25: 134 cut or sold outQ4 25: 207 bought or addedQ4 25: 169 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024183152
Q2 2024169160
Q3 2024178141
Q4 2024202137
Q1 2025221145
Q2 2025192165
Q3 2025214134
Q4 2025207169

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ1 25 calls: $3.0mQ1 25 puts: $2.0mQ1 25P/C 0.68Q2 25 calls: $1.0mQ2 25 puts: $540.2kQ2 25P/C 0.52Q3 25 calls: $427.0kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $795.3kQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$3.0m$2.0m0.68
Q2 2025$1.0m$540.2k0.52
Q3 2025$427.0k$00.00
Q4 2025$795.3k$00.00

Biggest buyers

Tower Research Capital LLC (TRC) Added +2,294,373+2.3m
iA Global Asset Management Inc. Added +2,037,400+2.0m
SHENKMAN CAPITAL MANAGEMENT INC Added +1,143,095+1.1m
JANE STREET GROUP, LLC New +494,143+494.1k
AMERIPRISE FINANCIAL INC Added +355,316+355.3k
Nearwater Capital Markets, Ltd New +345,100+345.1k
Focus Partners Wealth New +344,939+344.9k
MILLENNIUM MANAGEMENT LLC Added +333,492+333.5k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +331,032+331.0k
Wealthfront Advisers LLC Added +294,810+294.8k

Biggest sellers

RMG Wealth Management LLC Reduced -2,576,171-2.6m
State of New Jersey Common Pension Fund D Reduced -1,689,415-1.7m
Aristotle Pacific Capital, LLC Reduced -1,169,350-1.2m
Employees' Retirement Fund of the City of Fort Worth Reduced -859,800-859.8k
RENAISSANCE TECHNOLOGIES LLC Reduced -835,704-835.7k
JPMORGAN CHASE & CO Reduced -665,814-665.8k
OSAIC HOLDINGS, INC. Reduced -653,956-654.0k
D. E. Shaw & Co., Inc. Sold out -620,700-620.7k
WELLS FARGO & COMPANY/MN Reduced -531,389-531.4k
State of Tennessee, Department of Treasury Sold out -475,800-475.8k

Biggest calls

IMC-Chicago, LLC New $514.7k11.9k shares
CITADEL ADVISORS LLC Reduced $263.3k10.4k shares
GROUP ONE TRADING LLC Reduced $17.3k400 shares

Biggest puts

None

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 AMERIPRISE FINANCIAL INC 0.10% of their portfolio MINNEAPOLIS, MN 17,454,06417.5m $442.2m $442.2m 0.10% Added +355.3k +355,316
2 iA Global Asset Management Inc. 2.28% of their portfolio QUEBEC, A8 7,069,2367.1m $179.0m $179.0m 2.28% Added +2.0m +2,037,400
3 GRIMES & Co WEALTH MANAGEMENT, LLC 4.16% of their portfolio WESTBOROUGH, MA 6,868,1886.9m $173.9m $173.9m 4.16% Added +48.2k +48,180
4 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 6,044,7056.0m $153.1m $153.1m 0.04% Added +270.1k +270,066
5 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 4,509,9264.5m $114.2m $114.2m 0.02% Reduced -531.4k -531,389
6 Wealthfront Advisers LLC 0.21% of their portfolio Palo Alto, CA 3,661,5943.7m $92.7m $92.7m 0.21% Added +294.8k +294,810
7 NEUBERGER BERMAN GROUP LLC 0.07% of their portfolio NEW YORK, NY 3,546,9893.5m $89.8m $89.8m 0.07% Reduced -229.0k -229,027
8 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 1.60% of their portfolio Seattle, WA 3,522,3043.5m $89.2m $89.2m 1.60% Added +211.8k +211,827
9 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 3,066,0753.1m $77.6m $77.6m 0.02% Added +251.8k +251,800
10 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 3,048,1953.0m $77.2m $77.2m 0.01% Added +185.5k +185,545
11 Clark Capital Management Group, Inc. 0.45% of their portfolio PHILADELPHIA, PA 2,895,0152.9m $73.3m $73.3m 0.45% Reduced -26.3k -26,257
12 SUMITOMO MITSUI FINANCIAL GROUP, INC. 0.02% of their portfolio TOKYO, M0 2,545,2222.5m $1.1m $1.1m 0.02% Added +201.9k +201,866
13 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,444,1902.4m $61.9m $61.9m 0.00% Reduced -139.5k -139,472
14 ASSETMARK, INC 0.12% of their portfolio CONCORD, CA 2,307,4982.3m $58.4m $58.4m 0.12% Reduced -51.2k -51,153
15 Tower Research Capital LLC (TRC) 1.41% of their portfolio NEW YORK, NY 2,294,7262.3m $58.1m $58.1m 1.41% Added +2.3m +2,294,373
16 State of New Jersey Common Pension Fund D 0.18% of their portfolio TRENTON, NJ 2,000,0002.0m $50.6m $50.6m 0.18% Reduced -1.7m -1,689,415
17 Ocean Park Asset Management, LLC 2.27% of their portfolio SANTA MONICA, CA 1,913,9001.9m $48.5m $48.5m 2.27% Unchanged
18 Berkshire Money Management, Inc. 4.24% of their portfolio DALTON, MA 1,755,7791.8m $44.5m $44.5m 4.24% Added +50.7k +50,716
19 SIGMA INVESTMENT COUNSELORS INC 2.10% of their portfolio NORTHVILLE, MI 1,632,9211.6m $41.3m $41.3m 2.10% Added +49.1k +49,136
20 SHENKMAN CAPITAL MANAGEMENT INC 3.96% of their portfolio NEW YORK, NY 1,443,1401.4m $37.5m $37.5m 3.96% Added +1.1m +1,143,095
21 Thrivent Financial for Lutherans 0.06% of their portfolio Minneapolis, MN 1,394,7001.4m $35.3m $35.3m 0.06% Unchanged
22 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,270,6421.3m $32.2m $32.2m 0.01% Added +43.6k +43,582
23 DAVENPORT & Co LLC 0.16% of their portfolio RICHMOND, VA 1,184,8621.2m $30.0m $30.0m 0.16% Added +110.5k +110,540
24 ANGELES WEALTH MANAGEMENT, LLC 1.42% of their portfolio SANTA MONICA, CA 1,017,1701.0m $25.8m $25.8m 1.42% Added +112.0k +112,018
25 Mitsubishi UFJ Trust & Banking Corp 0.06% of their portfolio TOKYO, M0 1,000,0001.0m $25.3m $25.3m 0.06% Added +250.0k +250,000
26 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.04% of their portfolio TORONTO, A6 1,000,0001.0m $25.3m $25.3m 0.04% Unchanged
27 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 971,736971.7k $24.6m $24.6m 0.00% Reduced -79.8k -79,822
28 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 928,050928.0k $23.5m $23.5m 0.01% Reduced -131.1k -131,125
29 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 920,769920.8k $23.3m $23.3m 0.01% Reduced -96.2k -96,248
30 Allspring Global Investments Holdings, LLC 0.04% of their portfolio CHARLOTTE, NC 868,026868.0k $22.0m $22.0m 0.04% Unchanged
31 Essex LLC 3.78% of their portfolio DEER PARK, IL 841,753841.8k $21.3m $21.3m 3.78% Reduced -68.6k -68,589
32 HOWARD FINANCIAL SERVICES, LTD. 2.49% of their portfolio DALLAS, TX 839,936839.9k $21.3m $21.3m 2.49% Reduced -28.1k -28,064
33 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 788,209788.2k $20.0m $20.0m 0.02% Added +204.6k +204,602
34 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 770,640770.6k $19.5m $19.5m 0.02% Added +35.7k +35,744
35 CAPSTONE INVESTMENT ADVISORS, LLC 0.16% of their portfolio NEW YORK, NY 760,701760.7k $19.3m $19.3m 0.16% Added +136.2k +136,200
36 1832 Asset Management L.P. 0.02% of their portfolio TORONTO, A6 715,607715.6k $18.1m $18.1m 0.02% Added +10.7k +10,710
37 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 660,436660.4k $16.7m $16.7m 0.00% Added +1.1k +1,099
38 Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio CHIYODA-KU, TOKYO, M0 655,000655.0k $16.6m $16.6m 0.01% Unchanged
39 Curran Financial Partners, LLC 3.02% of their portfolio DANIEL ISLAND, SC 626,985627.0k $15.9m $15.9m 3.02% Added +44.1k +44,051
40 Cornerstone National Bank & Trust Co 6.28% of their portfolio PALATINE, IL 621,530621.5k $15.7m $15.7m 6.28% Added +4.0k +3,961
41 Mariner, LLC 0.02% of their portfolio Overland Park, KS 604,291604.3k $15.3m $15.3m 0.02% Added +14.8k +14,785
42 Employees' Retirement Fund of the City of Fort Worth 6.73% of their portfolio FORT WORTH, TX 593,800593.8k $15.0m $15.0m 6.73% Reduced -859.8k -859,800
43 Mason & Associates Inc 2.80% of their portfolio LOS ANGELES, CA 587,428587.4k $14.9m $14.9m 2.80% Added +226.7k +226,657
44 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 583,373583.4k $14.8m $14.8m 0.02% Reduced -19.6k -19,636
45 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 561,974562.0k $14.2m $14.2m 0.03% Reduced -4.0k -4,014
46 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 533,604533.6k $13.5m $13.5m 0.02% Reduced -36.0k -35,977
47 PARK AVENUE SECURITIES LLC 0.11% of their portfolio NEW YORK, NY 512,915512.9k $13.0m $13.0m 0.11% Added +49.4k +49,449
48 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 494,143494.1k $12.5m $12.5m 0.01% New
49 Lebenthal Global Advisors, LLC 1.90% of their portfolio Hauppauge, NY 487,311487.3k $12.3m $12.3m 1.90% Added +109.3k +109,313
50 Advisory Alpha, LLC 0.33% of their portfolio HOLLAND, MI 484,825484.8k $12.3m $12.3m 0.33% Added +69.4k +69,360
51 Equitable Holdings, Inc. 0.08% of their portfolio NEW YORK, NY 462,998463.0k $11.7m $11.7m 0.08% Added +76.9k +76,916
52 NOMURA ASSET MANAGEMENT CO LTD 0.03% of their portfolio TOKYO, M0 453,944453.9k $11.5m $11.5m 0.03% Unchanged
53 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 448,204448.2k $11.4m $11.4m 0.02% Added +331.0k +331,032
54 Clearstead Advisors, LLC 0.14% of their portfolio CLEVELAND, OH 445,473445.5k $11.3m $11.3m 0.14% Added +5.7k +5,702
55 Sanctuary Advisors, LLC 0.06% of their portfolio INDIANAPOLIS, IN 432,042432.0k $10.9m $10.9m 0.06% Reduced -333.4k -333,440
56 ZEGA Investments, LLC 2.11% of their portfolio PALM BEACH GARDENS, FL 429,398429.4k $10.9m $10.9m 2.11% Reduced -170.9k -170,897
57 CANTOR FITZGERALD INVESTMENT ADVISORS L.P. 0.79% of their portfolio NEW YORK, NY 419,721419.7k $10.6m $10.6m 0.79% Added +24.2k +24,228
58 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 414,150414.1k $10.5m $10.5m 0.00% Reduced -665.8k -665,814
59 FULTON BREAKEFIELD BROENNIMAN LLC 0.65% of their portfolio Bethesda, MD 408,145408.1k $10.3m $10.3m 0.65% Reduced -25.7k -25,652
60 Union Bancaire Privee, UBP SA 0.12% of their portfolio GENEVA 1, V8 392,100392.1k $9.9m $9.9m 0.12% Added +72.5k +72,500
61 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 381,847381.8k $9.7m $9.7m 0.01% Added +333.5k +333,492
62 Waterloo Capital, L.P. 0.69% of their portfolio AUSTIN, TX 379,793379.8k $9.6m $9.6m 0.69% Added +66.3k +66,324
63 Tidal Investments LLC 0.04% of their portfolio Milwaukee, WI 369,899369.9k $9.4m $9.4m 0.04% Reduced -84.8k -84,791
64 Atria Investments, Inc 0.11% of their portfolio Charlotte, NC 367,822367.8k $9.3m $9.3m 0.11% Reduced -11.6k -11,550
65 GUGGENHEIM CAPITAL LLC 0.07% of their portfolio CHICAGO, IL 366,823366.8k $9.3m $9.3m 0.07% Added +29.5k +29,487
66 Crabel Capital Management, LLC 6.97% of their portfolio MILWAUKEE, WI 364,230364.2k $9.2m $9.2m 6.97% Added +107.1k +107,119
67 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 357,406357.4k $9.1m $9.1m 0.01% Reduced -654.0k -653,956
68 Disciplined Investments, LLC 3.46% of their portfolio TULSA, OK 355,969356.0k $9.0m $9.0m 3.46% Added +4.3k +4,295
69 Caldwell Trust Co 0.80% of their portfolio Venice, FL 353,539353.5k $9.0m $9.0m 0.80% Added +16.2k +16,226
70 RiverFront Investment Group, LLC 0.15% of their portfolio RICHMOND, VA 351,851351.9k $8.9m $8.9m 0.15% Reduced -58.3k -58,271
71 Nearwater Capital Markets, Ltd 0.15% of their portfolio NEW YORK, NY 345,100345.1k $8.7m $8.7m 0.15% New
72 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 344,939344.9k $8.7m $8.7m 0.01% New
73 Certified Advisory Corp 0.79% of their portfolio ALTAMONTE SPRINGS, FL 341,350341.4k $8.6m $8.6m 0.79% Added +6.5k +6,455
74 Sterling Manor Financial, LLC 5.22% of their portfolio Saratoga Springs, NY 330,085330.1k $8.4m $8.4m 5.22% Added +7.7k +7,736
75 Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. 1.11% of their portfolio FORT WORTH, TX 328,027328.0k $8.3m $8.3m 1.11% Added +19.1k +19,050
76 IRONWOOD WEALTH MANAGEMENT, INC. 3.71% of their portfolio HURRICANE, WV 325,582325.6k $8.3m $8.3m 3.71% Reduced -2.5k -2,546
77 &PARTNERS 0.04% of their portfolio NASHVILLE, TN 319,682319.7k $8.1m $8.1m 0.04% Added +3.1k +3,130
78 Farmers & Merchants Trust Co of Chambersburg PA 2.11% of their portfolio CHAMBERSBURG, PA 296,984297.0k $7.5m $7.5m 2.11% Reduced -2.4k -2,391
79 Financial Partners Group, Inc 0.81% of their portfolio Overland Park, KS 276,547276.5k $7.0m $7.0m 0.81% Added +2.8k +2,812
80 TRUSTMARK BANK TRUST DEPARTMENT 0.44% of their portfolio JACKSON, MS 272,205272.2k $6.9m $6.9m 0.44% Reduced -4.7k -4,722
81 Kingsview Wealth Management, LLC 0.10% of their portfolio GRANTS PASS, OR 270,132270.1k $6.8m $6.8m 0.10% Added +2.2k +2,209
82 Sharper & Granite LLC 2.32% of their portfolio EL SEGUNDO, CA 260,135260.1k $6.6m $6.6m 2.32% Added +14.6k +14,630
83 Merit Financial Group, LLC 0.05% of their portfolio ALPHARETTA, GA 257,647257.6k $6.5m $6.5m 0.05% Reduced -232 -232
84 CWM, LLC 0.02% of their portfolio OMAHA, NE 255,094255.1k $6.5m $6.5m 0.02% Reduced -134.0k -134,006
85 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 252,758252.8k $6.4m $6.4m 0.00% Added +251.3k +251,330
86 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 248,924248.9k $6.3m $6.3m 0.00% Added +6.9k +6,935
87 SAM Advisors, LLC 1.96% of their portfolio OAKHURST, CA 245,179245.2k $6.2m $6.2m 1.96% Added +7.3k +7,296
88 PERSPECTIVE WEALTH ADVISORS LLC 4.41% of their portfolio LOVELAND, CO 244,847244.8k $6.2m $6.2m 4.41% First filing
89 PREVAIL INNOVATIVE WEALTH ADVISORS, LLC 1.08% of their portfolio LEAWOOD, KS 238,174238.2k $6.0m $6.0m 1.08% Added +147.2k +147,185
90 Global Assets Advisory, LLC 1.71% of their portfolio ORLANDO, FL 236,032236.0k $6.0m $6.0m 1.71% Added +21.5k +21,509
91 Missouri Trust & Investment Co 1.75% of their portfolio SPRINGFIELD, MO 235,948235.9k $6.0m $6.0m 1.75% Added +19.8k +19,781
92 Sound Income Strategies, LLC 0.28% of their portfolio FT LAUDERDALE, FL 233,625233.6k $5.9m $5.9m 0.28% Added +185 +185
93 TD PRIVATE CLIENT WEALTH LLC 0.12% of their portfolio NEW YORK, NY 231,614231.6k $5.9m $5.9m 0.12% Added +39.6k +39,566
94 Financial Management, Inc. 5.32% of their portfolio LITTLE ROCK, AR 221,400221.4k $5.6m $5.6m 5.32% First filing
95 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 220,035220.0k $5.6m $5.6m 0.01% Reduced -164.9k -164,908
96 Blue Capital, Inc. 3.93% of their portfolio OMAHA, NE 217,494217.5k $5.5m $5.5m 3.93% Added +78.5k +78,513
97 Mutual Advisors, LLC 0.12% of their portfolio OMAHA, NE 214,810214.8k $5.4m $5.4m 0.12% Added +6.7k +6,689
98 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 212,428212.4k $5.4m $5.4m 0.02% Added +156.6k +156,586
99 Steward Partners Investment Advisory, LLC 0.03% of their portfolio STAMFORD, CT 211,304211.3k $5.4m $5.4m 0.03% Added +12.9k +12,950
100 Little Harbor Advisors, LLC 2.67% of their portfolio MARBLEHEAD, MA 204,760204.8k $5.2m $5.2m 2.67% Reduced -20.4k -20,375