Vault-13

SPDR SER TR BILS

BLOOMBERG 3-12 M · ETP · CUSIP 78468R523

266 institutional holders -23 vs Q2 2025
24,461,65324.5m shares reported held*
$2.4bnreported value*
17 new 102 added 125 reduced 34 sold out net sold ≈ $52.0m (-522.3k 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 ($23.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $99.53.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 20Q4 22: 63Q1 23: 128Q2 23: 181Q3 23: 202Q4 23: 232Q1 24: 243Q2 24: 245Q3 24: 239Q4 24: 264Q1 25: 278Q2 25: 289Q3 25: 266266Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202220
Q4 202263
Q1 2023128
Q2 2023181
Q3 2023202
Q4 2023232
Q1 2024243
Q2 2024245
Q3 2024239
Q4 2024264
Q1 2025278
Q2 2025289
Q3 2025266

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 23: 132 bought or addedQ4 23: 88 cut or sold outQ1 24: 122 bought or addedQ1 24: 126 cut or sold outQ1 24Q2 24: 126 bought or addedQ2 24: 131 cut or sold outQ3 24: 129 bought or addedQ3 24: 118 cut or sold outQ3 24Q4 24: 128 bought or addedQ4 24: 116 cut or sold outQ1 25: 168 bought or addedQ1 25: 106 cut or sold outQ1 25Q2 25: 153 bought or addedQ2 25: 133 cut or sold outQ3 25: 119 bought or addedQ3 25: 159 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 202313288
Q1 2024122126
Q2 2024126131
Q3 2024129118
Q4 2024128116
Q1 2025168106
Q2 2025153133
Q3 2025119159

Biggest buyers

LPL Financial LLC Added +354,545+354.5k
NorthCoast Asset Management LLC Added +340,349+340.3k
CWM, LLC Added +275,464+275.5k
WELLS FARGO & COMPANY/MN Added +170,297+170.3k
OSAIC HOLDINGS, INC. Added +99,549+99.5k
Procyon Advisors, LLC New +80,247+80.2k
AQR CAPITAL MANAGEMENT LLC Added +78,462+78.5k
Miller Investment Management, LP Added +78,311+78.3k
HighTower Advisors, LLC Added +72,900+72.9k
One Day In July LLC Added +72,177+72.2k

Biggest sellers

ROYAL BANK OF CANADA Reduced -483,754-483.8k
SoundView Advisors Inc. Sold out -274,348-274.3k
PARTNERS CAPITAL INVESTMENT GROUP, LLP Reduced -133,735-133.7k
Financial Advocates Investment Management Sold out -129,678-129.7k
Rockefeller Capital Management L.P. Reduced -116,237-116.2k
AMERIPRISE FINANCIAL INC Reduced -95,391-95.4k
Proficio Capital Partners LLC Reduced -92,127-92.1k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -85,852-85.9k
ENVESTNET ASSET MANAGEMENT INC Reduced -79,296-79.3k
NAPA WEALTH MANAGEMENT Reduced -78,388-78.4k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.11% of their portfolio FORT MILL, SC 3,631,5273.6m $361.4m $361.4m 0.11% Added +354.5k +354,545
2 CWM, LLC 0.64% of their portfolio OMAHA, NE 2,151,3742.2m $214.1m $214.1m 0.64% Added +275.5k +275,464
3 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,429,2131.4m $142.2m $142.2m 0.01% Added +30.3k +30,265
4 Miller Investment Management, LP 11.86% of their portfolio WEST CONSHOHOCKEN, PA 1,186,3771.2m $118.1m $118.1m 11.86% Added +78.3k +78,311
5 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 1,038,0291.0m $103.6m $103.6m 0.02% Reduced -95.4k -95,391
6 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 618,878618.9k $61.6m $61.6m 0.01% Added +170.3k +170,297
7 OSAIC HOLDINGS, INC. 0.07% of their portfolio SCOTTSDALE, AZ 533,474533.5k $53.1m $53.1m 0.07% Added +99.5k +99,549
8 Sargent Investment Group, LLC 7.42% of their portfolio BETHESDA, MD 523,136523.1k $52.1m $52.1m 7.42% Reduced -77.1k -77,082
9 NorthCoast Asset Management LLC 0.20% of their portfolio STAMFORD, CT 513,072513.1k $51.1m $51.1m 0.20% Added +340.3k +340,349
10 Bell Bank 2.17% of their portfolio FARGO, ND 502,821502.8k $50.0m $50.0m 2.17% Reduced -27.4k -27,436
11 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 492,384492.4k $49.0m $49.0m 0.01% Reduced -483.8k -483,754
12 PECAUT & CO. 13.83% of their portfolio SIOUX CITY, IA 432,546432.5k $43.0m $43.0m 13.83% Added +55.8k +55,790
13 UBS Group AG 0.01% of their portfolio ZURICH, V8 428,382428.4k $42.6m $42.6m 0.01% Added +25.4k +25,356
14 Cetera Investment Advisers 0.05% of their portfolio SCHAUMBURG, IL 422,010422.0k $42.0m $42.0m 0.05% Reduced -36.5k -36,525
15 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 408,412408.4k $40.6m $40.6m 0.05% Reduced -55.4k -55,429
16 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 398,813398.8k $39.7m $39.7m 0.01% Reduced -79.3k -79,296
17 Ashton Thomas Private Wealth, LLC 0.94% of their portfolio SCOTTSDALE, AZ 363,159363.2k $36.1m $36.1m 0.94% Added +65.8k +65,760
18 One Day In July LLC 2.78% of their portfolio BURLINGTON, VT 329,921329.9k $32.8m $32.8m 2.78% Added +72.2k +72,177
19 AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio Greenwich, CT 307,555307.6k $30.6m $30.6m 0.02% Added +78.5k +78,462
20 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 283,796283.8k $28.2m $28.2m 0.00% Added +33.1k +33,146
21 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 259,488259.5k $25.8m $25.8m 0.03% Reduced -6.5k -6,545
22 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 246,329246.3k $24.5m $24.5m 0.01% Added +65.1k +65,090
23 MML INVESTORS SERVICES, LLC 0.06% of their portfolio SPRINGFIELD, MA 230,251230.3k $22.9m $22.9m 0.06% Added +13.5k +13,489
24 Integrated Wealth Concepts LLC 0.19% of their portfolio WALTHAM, MA 218,857218.9k $21.8m $21.8m 0.19% Added +170 +170
25 Running Point Capital Advisors, LLC 5.83% of their portfolio EL SEGUNDO, CA 218,813218.8k $21.8m $21.8m 5.83% Reduced -36.3k -36,300
26 CWA Asset Management Group, LLC 0.78% of their portfolio NAPLES, FL 213,114213.1k $21.2m $21.2m 0.78% Added +3.6k +3,575
27 Peak Asset Management, LLC 3.59% of their portfolio LOUISVILLE, CO 206,707206.7k $20.6m $20.6m 3.59% Added +7.8k +7,764
28 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 166,238166.2k $16.5m $16.5m 0.03% Reduced -7.9k -7,887
29 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 164,338164.3k $16.4m $16.4m 0.02% Added +72.9k +72,900
30 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.64% of their portfolio BOSTON, MA 161,239161.2k $16.0m $16.0m 0.64% Reduced -133.7k -133,735
31 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 145,599145.6k $14.5m $14.5m 0.01% Added +16.1k +16,124
32 NDWM LLC 9.67% of their portfolio LA JOLLA, CA 143,224143.2k $14.3m $14.3m 9.67% Added +3.1k +3,145
33 Private Advisor Group, LLC 0.07% of their portfolio MORRISTOWN, NJ 136,485136.5k $13.6m $13.6m 0.07% Reduced -5.9k -5,946
34 Rockefeller Capital Management L.P. 0.03% of their portfolio NEW YORK, NY 136,003136.0k $13.5m $13.5m 0.03% Reduced -116.2k -116,237
35 Birchcreek Wealth Management, LLC 6.88% of their portfolio MIAMI TOWNSHIP, OH 133,891133.9k $13.3m $13.3m 6.88% Added +13.0k +12,958
36 Horizon Family Wealth, Inc. 7.10% of their portfolio CHICAGO, IL 124,150124.2k $12.4m $12.4m 7.10% Added +2.5k +2,519
37 Treasure Coast Financial Planning 6.77% of their portfolio VERO BEACH, FL 121,887121.9k $12.1m $12.1m 6.77% Added +1.5k +1,485
38 CASTLEKEEP INVESTMENT ADVISORS LLC 5.61% of their portfolio WESTPORT, CT 120,590120.6k $12.0m $12.0m 5.61% Reduced -7.1k -7,081
39 Delos Wealth Advisors, LLC 8.07% of their portfolio DALLAS, TX 120,135120.1k $12.0m $12.0m 8.07% Added +8.0k +8,030
40 Long Run Wealth Advisors, LLC 2.31% of their portfolio Lake Placid, NY 118,378118.4k $11.8m $11.8m 2.31% Added +10.2k +10,175
41 Equitable Holdings, Inc. 0.09% of their portfolio NEW YORK, NY 117,795117.8k $11.7m $11.7m 0.09% Added +10.0k +9,972
42 MOKAN Wealth Management Inc. 5.81% of their portfolio OVERLAND PARK, KS 115,995116.0k $11.5m $11.5m 5.81% Added +4.9k +4,924
43 Austin Wealth Management, LLC 1.79% of their portfolio Austin, TX 114,964115.0k $11.4m $11.4m 1.79% Reduced -2.1k -2,070
44 DBK Financial Counsel, LLC 9.40% of their portfolio CUYAHOGA FALLS, OH 112,300112.3k $11.2m $11.2m 9.40% Reduced -14.2k -14,232
45 Pacific Sage Partners, LLC 1.80% of their portfolio EDMONDS, WA 108,186108.2k $10.8m $10.8m 1.80% Added +38.0k +38,045
46 Fortis Group Advisors, LLC 1.84% of their portfolio WESTWOOD, NJ 107,225107.2k $10.7m $10.7m 1.84% Reduced -16.5k -16,536
47 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 101,608101.6k $10.1m $10.1m 0.00% Added +48.2k +48,224
48 Anson Capital, Inc. 7.48% of their portfolio TYRONE, GA 100,240100.2k $10.0m $10.0m 7.48% Added +3.9k +3,885
49 PROMETHIUM ADVISORS,LLC 5.32% of their portfolio BETHESDA, MD 93,18893.2k $9.3m $9.3m 5.32% Added +21.5k +21,454
50 Altiora Financial Group, LLC 1.68% of their portfolio LEBANON, OH 92,41992.4k $9.2m $9.2m 1.68% Reduced -1.4k -1,353
51 ENTREWEALTH, LLC 4.65% of their portfolio AUSTIN, TX 90,82290.8k $9.0m $9.0m 4.65% Added +4.9k +4,881
52 NewEdge Advisors, LLC 0.04% of their portfolio NEW ORLEANS, LA 89,93689.9k $9.0m $9.0m 0.04% Reduced -14.6k -14,554
53 Choate Investment Advisors 0.18% of their portfolio BOSTON, MA 89,07089.1k $8.9m $8.9m 0.18% Reduced -31.7k -31,680
54 CALTON & ASSOCIATES, INC. 1.23% of their portfolio Tampa, FL 82,46082.5k $8.2m $8.2m 1.23% Added +7.1k +7,087
55 Procyon Advisors, LLC 0.47% of their portfolio SHELTON, CT 80,24780.2k $8.0m $8.0m 0.47% New
56 Kera Capital Partners, Inc. 1.19% of their portfolio SACRAMENTO, CA 79,83579.8k $7.9m $7.9m 1.19% Added +3.5k +3,496
57 Valmark Advisers, Inc. 0.10% of their portfolio AKRON, OH 77,62377.6k $7.7m $7.7m 0.10% Reduced -1.6k -1,567
58 AlphaCore Capital LLC 0.24% of their portfolio LA JOLLA, CA 72,18872.2k $7.2m $7.2m 0.24% Reduced -8.4k -8,358
59 Proficio Capital Partners LLC 0.49% of their portfolio NEWTON, MA 71,97272.0k $7.2m $7.2m 0.49% Reduced -92.1k -92,127
60 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 66,86166.9k $6.7m $6.7m 0.01% Added +5.8k +5,820
61 Stratos Wealth Partners, LTD. 0.07% of their portfolio BEACHWOOD, OH 61,19661.2k $6.1m $6.1m 0.07% Added +14.7k +14,652
62 RETIREMENT CAPITAL STRATEGIES 2.19% of their portfolio SAN JOSE, CA 57,46257.5k $5.7m $5.7m 2.19% Reduced -1.8k -1,814
63 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 55,28655.3k $5.5m $5.5m 0.01% Reduced -12.8k -12,845
64 INDEPENDENT FINANCIAL GROUP, LLC 0.13% of their portfolio SAN DIEGO, CA 54,84554.8k $5.5m $5.5m 0.13% Reduced -1.5k -1,481
65 QUADRANT CAPITAL GROUP LLC 0.18% of their portfolio CINCINNATI, OH 54,68054.7k $5.4m $5.4m 0.18% Added +8.3k +8,337
66 Concurrent Investment Advisors, LLC 0.09% of their portfolio Tampa, FL 53,39553.4k $5.3m $5.3m 0.09% Added +2.0k +2,048
67 Wealthcare Advisory Partners LLC 0.11% of their portfolio WEST CHESTER, PA 53,38453.4k $5.3m $5.3m 0.11% Reduced -35.0k -34,984
68 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 52,35852.4k $5.2m $5.2m 0.02% Added +5.4k +5,426
69 Brookstone Capital Management 0.06% of their portfolio WHEATON, IL 50,04450.0k $5.0m $5.0m 0.06% Reduced -1.8k -1,811
70 Waldron Private Wealth LLC 0.20% of their portfolio BRIDGEVILLE, PA 49,83049.8k $5.0m $5.0m 0.20% Reduced -13.2k -13,180
71 HM PAYSON & CO 0.07% of their portfolio PORTLAND, ME 47,83747.8k $4.8m $4.8m 0.07% Reduced -4.2k -4,232
72 Prosperity Consulting Group, LLC 0.23% of their portfolio OWINGS MILLS, MD 47,54447.5k $4.7m $4.7m 0.23% Reduced -4.3k -4,299
73 Caitlin John, LLC 3.29% of their portfolio BRIGHTON, MI 47,47447.5k $4.7m $4.7m 3.29% Reduced -432 -432
74 Ameritas Advisory Services, LLC 0.31% of their portfolio Lincoln, NE 47,34247.3k $4.7m $4.7m 0.31% Added +15.2k +15,152
75 Carrera Capital Advisors 0.85% of their portfolio TROY, MI 47,33847.3k $4.7m $4.7m 0.85% Added +683 +683
76 Advisory Services Network, LLC 0.07% of their portfolio ATLANTA, GA 47,13447.1k $4.7m $4.7m 0.07% Added +21.0k +20,981
77 Total Clarity Wealth Management, Inc. 1.23% of their portfolio ST. CHARLES, IL 46,43846.4k $4.6m $4.6m 1.23% Added +11.3k +11,255
78 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 46,39346.4k $4.6m $4.6m 0.01% Added +1.6k +1,569
79 Hershey Financial Advisers, LLC 3.91% of their portfolio LANCASTER, PA 45,81145.8k $4.6m $4.6m 3.91% Reduced -768 -768
80 Beacon Capital Management, Inc. 0.21% of their portfolio DAYTON, OH 45,19145.2k $4.5m $4.5m 0.21% Reduced -20.7k -20,695
81 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 44,11644.1k $4.4m $4.4m 0.01% Reduced -20.3k -20,310
82 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 42,65242.7k $4.2m $4.2m 0.01% Added +1.5k +1,484
83 Capstone Wealth Management Group LLC 2.67% of their portfolio Bend, OR 42,04542.0k $4.2m $4.2m 2.67% Reduced -2.2k -2,241
84 Onyx Bridge Wealth Group LLC 0.45% of their portfolio TARRYTOWN, NY 41,87041.9k $4.2m $4.2m 0.45% Reduced -768 -768
85 ACORN FINANCIAL ADVISORY SERVICES INC /ADV 0.62% of their portfolio Reston, VA 40,39940.4k $4.0m $4.0m 0.62% Reduced -672 -672
86 O'ROURKE & COMPANY, Inc 1.68% of their portfolio BOSTON, MA 40,28240.3k $4.0m $4.0m 1.68% Added +26.0k +25,953
87 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 40,19040.2k $4.0m $4.0m 0.00% Reduced -42.0k -42,000
88 Hibernia Wealth Partners, LLC 2.54% of their portfolio BATON ROUGE, LA 39,91039.9k $4.0m $4.0m 2.54% Reduced -36.0k -35,992
89 Portland Global Advisors LLC 0.44% of their portfolio PORTLAND, ME 39,50839.5k $3.9m $3.9m 0.44% Reduced -154 -154
90 NEW WAVE WEALTH ADVISORS LLC 0.78% of their portfolio SPRINGDALE, AR 37,98638.0k $3.8m $3.8m 0.78% Added +16.2k +16,200
91 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 36,49336.5k $3.6m $3.6m 0.02% Added +2.7k +2,745
92 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 36,29536.3k $3.6m $3.6m 0.00% Reduced -25.6k -25,569
93 IAMS WEALTH MANAGEMENT, LLC 1.45% of their portfolio OMAHA, NE 36,22636.2k $3.6m $3.6m 1.45% Added +5.4k +5,388
94 STEPHENS INC /AR/ 0.04% of their portfolio LITTLE ROCK, AR 33,14833.1k $3.3m $3.3m 0.04% Reduced -16.4k -16,402
95 WEDBUSH SECURITIES INC 0.11% of their portfolio PASADENA, CA 33,10633.1k $3.3m $3.3m 0.11% Added +2.7k +2,692
96 Stratos Wealth Advisors, LLC 0.15% of their portfolio BEACHWOOD, OH 31,76431.8k $3.2m $3.2m 0.15% Added +10.4k +10,410
97 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 31,69931.7k $3.2m $3.2m 0.01% Added +14.0k +14,042
98 Pine Valley Investments Ltd Liability Co 0.16% of their portfolio MARLTON, NJ 31,69431.7k $3.2m $3.2m 0.16% Reduced -8.3k -8,317
99 Gradient Capital Advisors, LLC 0.83% of their portfolio SAN DIEGO, CA 31,13631.1k $3.1m $3.1m 0.83% Added +4.8k +4,752
100 FLOW TRADERS U.S. LLC 0.12% of their portfolio NEW YORK, NY 30,24130.2k $3.0m $3.0m 0.12% Reduced -9.8k -9,766