Vault-13

SPDR SER TR BILS

BLOOMBERG 3-12 M · ETP · CUSIP 78468R523

271 institutional holders +5 vs Q3 2025
25,193,60325.2m shares reported held*
$2.5bnreported value*
22 new 112 added 102 reduced 26 sold out net bought ≈ $49.7m (+500.9k 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 ($23.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $99.23.

Trends to Q4 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: 266Q4 25: 271271Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025271

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 24: 122 bought or addedQ1 24: 126 cut or sold outQ2 24: 126 bought or addedQ2 24: 131 cut or sold outQ2 24Q3 24: 129 bought or addedQ3 24: 118 cut or sold outQ4 24: 128 bought or addedQ4 24: 116 cut or sold outQ4 24Q1 25: 168 bought or addedQ1 25: 106 cut or sold outQ2 25: 153 bought or addedQ2 25: 133 cut or sold outQ2 25Q3 25: 119 bought or addedQ3 25: 159 cut or sold outQ4 25: 134 bought or addedQ4 25: 128 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024122126
Q2 2024126131
Q3 2024129118
Q4 2024128116
Q1 2025168106
Q2 2025153133
Q3 2025119159
Q4 2025134128

Biggest buyers

Focus Partners Wealth Added +290,991+291.0k
SoundView Advisors Inc. New +276,135+276.1k
RAYMOND JAMES FINANCIAL INC Added +196,085+196.1k
HighPoint Advisor Group LLC New +153,759+153.8k
COMMONWEALTH EQUITY SERVICES, LLC Added +119,021+119.0k
AlphaCore Capital LLC Added +116,449+116.4k
OSAIC HOLDINGS, INC. Added +75,980+76.0k
Farther Finance Advisors, LLC Added +49,171+49.2k
PROMETHIUM ADVISORS,LLC Added +47,737+47.7k
Bell Bank Added +44,521+44.5k

Biggest sellers

NorthCoast Asset Management LLC Sold out -513,072-513.1k
Miller Investment Management, LP Reduced -177,287-177.3k
ROYAL BANK OF CANADA Reduced -138,316-138.3k
Cetera Investment Advisers Reduced -118,290-118.3k
CWM, LLC Reduced -93,932-93.9k
BANK OF AMERICA CORP /DE/ Reduced -81,106-81.1k
Private Advisor Group, LLC Reduced -59,787-59.8k
Integrated Wealth Concepts LLC Reduced -59,392-59.4k
Cerity Partners LLC Reduced -54,190-54.2k
PARTNERS CAPITAL INVESTMENT GROUP, LLP Reduced -42,712-42.7k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.10% of their portfolio FORT MILL, SC 3,593,9203.6m $356.6m $356.6m 0.10% Reduced -37.6k -37,607
2 CWM, LLC 0.55% of their portfolio OMAHA, NE 2,057,4422.1m $204.1m $204.1m 0.55% Reduced -93.9k -93,932
3 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,348,1071.3m $133.8m $133.8m 0.01% Reduced -81.1k -81,106
4 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 1,038,2841.0m $103.0m $103.0m 0.02% Added +255 +255
5 Miller Investment Management, LP 9.78% of their portfolio WEST CONSHOHOCKEN, PA 1,009,0901.0m $100.1m $100.1m 9.78% Reduced -177.3k -177,287
6 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 639,059639.1k $63.4m $63.4m 0.01% Added +20.2k +20,181
7 OSAIC HOLDINGS, INC. 0.09% of their portfolio SCOTTSDALE, AZ 609,454609.5k $60.5m $60.5m 0.09% Added +76.0k +75,980
8 Sargent Investment Group, LLC 6.94% of their portfolio BETHESDA, MD 557,760557.8k $55.3m $55.3m 6.94% Added +34.6k +34,624
9 Bell Bank 2.32% of their portfolio FARGO, ND 547,342547.3k $54.3m $54.3m 2.32% Added +44.5k +44,521
10 COMMONWEALTH EQUITY SERVICES, LLC 0.07% of their portfolio WALTHAM, MA 527,433527.4k $52.3m $52.3m 0.07% Added +119.0k +119,021
11 PECAUT & CO. 14.77% of their portfolio SIOUX CITY, IA 461,402461.4k $45.8m $45.8m 14.77% Added +28.9k +28,856
12 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 442,414442.4k $43.9m $43.9m 0.01% Added +196.1k +196,085
13 UBS Group AG 0.01% of their portfolio ZURICH, V8 435,532435.5k $43.2m $43.2m 0.01% Added +7.2k +7,150
14 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 414,588414.6k $41.1m $41.1m 0.01% Added +15.8k +15,775
15 Ashton Thomas Private Wealth, LLC 0.94% of their portfolio SCOTTSDALE, AZ 389,925389.9k $38.7m $38.7m 0.94% Added +26.8k +26,766
16 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 354,068354.1k $35.1m $35.1m 0.01% Reduced -138.3k -138,316
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 325,251325.3k $32.3m $32.3m 0.00% Added +41.5k +41,455
18 One Day In July LLC 2.64% of their portfolio BURLINGTON, VT 324,226324.2k $32.2m $32.2m 2.64% Reduced -5.7k -5,695
19 AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio Greenwich, CT 323,831323.8k $32.1m $32.1m 0.02% Added +16.3k +16,276
20 Focus Partners Wealth 0.04% of their portfolio ST LOUIS, MO 312,640312.6k $31.0m $31.0m 0.04% Added +291.0k +290,991
21 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 303,720303.7k $30.1m $30.1m 0.03% Reduced -118.3k -118,290
22 SoundView Advisors Inc. 9.56% of their portfolio OLYMPIA, WA 276,135276.1k $27.4m $27.4m 9.56% New
23 MML INVESTORS SERVICES, LLC 0.07% of their portfolio SPRINGFIELD, MA 273,371273.4k $27.1m $27.1m 0.07% Added +43.1k +43,120
24 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 271,019271.0k $26.9m $26.9m 0.04% Added +11.5k +11,531
25 Peak Asset Management, LLC 3.49% of their portfolio LOUISVILLE, CO 206,703206.7k $20.5m $20.5m 3.49% Reduced -4 -4
26 CWA Asset Management Group, LLC 0.71% of their portfolio NAPLES, FL 197,101197.1k $19.6m $19.6m 0.71% Reduced -16.0k -16,013
27 AlphaCore Capital LLC 0.42% of their portfolio LA JOLLA, CA 188,637188.6k $18.7m $18.7m 0.42% Added +116.4k +116,449
28 Running Point Capital Advisors, LLC 5.08% of their portfolio EL SEGUNDO, CA 187,920187.9k $18.6m $18.6m 5.08% Reduced -30.9k -30,893
29 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 177,266177.3k $17.6m $17.6m 0.02% Added +12.9k +12,928
30 Asset One Wealth Management LLC 2.18% of their portfolio BELLEVUE, WA 160,528160.5k $15.9m $15.9m 2.18% First filing
31 Integrated Wealth Concepts LLC 0.19% of their portfolio WALTHAM, MA 159,465159.5k $15.8m $15.8m 0.19% Reduced -59.4k -59,392
32 Birchcreek Wealth Management, LLC 7.66% of their portfolio MIAMI TOWNSHIP, OH 157,209157.2k $15.6m $15.6m 7.66% Added +23.3k +23,318
33 Rockefeller Capital Management L.P. 0.03% of their portfolio NEW YORK, NY 155,040155.0k $15.4m $15.4m 0.03% Added +19.0k +19,037
34 HighPoint Advisor Group LLC 0.34% of their portfolio DOWNERS GROVE, IL 153,759153.8k $15.3m $15.3m 0.34% New
35 DBK Financial Counsel, LLC 11.64% of their portfolio CUYAHOGA FALLS, OH 152,749152.7k $15.2m $15.2m 11.64% Added +40.4k +40,449
36 Horizon Family Wealth, Inc. 7.71% of their portfolio CHICAGO, IL 145,926145.9k $14.5m $14.5m 7.71% Added +21.8k +21,776
37 PROMETHIUM ADVISORS,LLC 7.54% of their portfolio BETHESDA, MD 140,925140.9k $14.0m $14.0m 7.54% Added +47.7k +47,737
38 NDWM LLC 9.18% of their portfolio LA JOLLA, CA 139,858139.9k $13.9m $13.9m 9.18% Reduced -3.4k -3,366
39 Equitable Holdings, Inc. 0.09% of their portfolio NEW YORK, NY 139,765139.8k $13.9m $13.9m 0.09% Added +22.0k +21,970
40 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 137,653137.7k $13.7m $13.7m 0.01% Reduced -7.9k -7,946
41 Pacific Sage Partners, LLC 2.11% of their portfolio EDMONDS, WA 134,156134.2k $13.3m $13.3m 2.11% Added +26.0k +25,970
42 MOKAN Wealth Management Inc. 5.72% of their portfolio OVERLAND PARK, KS 129,891129.9k $12.9m $12.9m 5.72% Added +13.9k +13,896
43 Treasure Coast Financial Planning 6.78% of their portfolio VERO BEACH, FL 128,639128.6k $12.8m $12.8m 6.78% Added +6.8k +6,752
44 CASTLEKEEP INVESTMENT ADVISORS LLC 5.52% of their portfolio WESTPORT, CT 122,967123.0k $12.2m $12.2m 5.52% Added +2.4k +2,377
45 Delos Wealth Advisors, LLC 7.85% of their portfolio DALLAS, TX 119,781119.8k $11.9m $11.9m 7.85% Reduced -354 -354
46 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.44% of their portfolio BOSTON, MA 118,527118.5k $11.8m $11.8m 0.44% Reduced -42.7k -42,712
47 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 112,048112.0k $11.1m $11.1m 0.02% Reduced -54.2k -54,190
48 Proficio Capital Partners LLC 0.76% of their portfolio NEWTON, MA 108,585108.6k $10.8m $10.8m 0.76% Added +36.6k +36,613
49 Austin Wealth Management, LLC 1.55% of their portfolio Austin, TX 105,788105.8k $10.5m $10.5m 1.55% Reduced -9.2k -9,176
50 Long Run Wealth Advisors, LLC 1.96% of their portfolio Lake Placid, NY 105,026105.0k $10.4m $10.4m 1.96% Reduced -13.4k -13,352
51 Kera Capital Partners, Inc. 1.21% of their portfolio SACRAMENTO, CA 98,30698.3k $9.8m $9.8m 1.21% Added +18.5k +18,471
52 Anson Capital, Inc. 7.08% of their portfolio TYRONE, GA 98,11998.1k $9.7m $9.7m 7.08% Reduced -2.1k -2,121
53 NewEdge Advisors, LLC 0.03% of their portfolio NEW ORLEANS, LA 92,42592.4k $9.2m $9.2m 0.03% Added +2.5k +2,489
54 CALTON & ASSOCIATES, INC. 1.32% of their portfolio Tampa, FL 90,46190.5k $9.0m $9.0m 1.32% Added +8.0k +8,001
55 ENTREWEALTH, LLC 3.89% of their portfolio AUSTIN, TX 86,88086.9k $8.6m $8.6m 3.89% Reduced -3.9k -3,942
56 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 85,46385.5k $8.5m $8.5m 0.01% Added +18.6k +18,602
57 Hibernia Wealth Partners, LLC 2.43% of their portfolio BATON ROUGE, LA 81,43681.4k $8.1m $8.1m 2.43% Added +41.5k +41,526
58 Valmark Advisers, Inc. 0.10% of their portfolio AKRON, OH 79,22879.2k $7.9m $7.9m 0.10% Added +1.6k +1,605
59 Farther Finance Advisors, LLC 0.08% of their portfolio SAN FRANCISCO, CA 77,71577.7k $7.7m $7.7m 0.08% Added +49.2k +49,171
60 Choate Investment Advisors 0.15% of their portfolio BOSTON, MA 77,53077.5k $7.7m $7.7m 0.15% Reduced -11.5k -11,540
61 Procyon Advisors, LLC 0.38% of their portfolio SHELTON, CT 77,28777.3k $7.7m $7.7m 0.38% Reduced -3.0k -2,960
62 O'ROURKE & COMPANY, Inc 2.98% of their portfolio BOSTON, MA 77,13577.1k $7.7m $7.7m 2.98% Added +36.9k +36,853
63 Private Advisor Group, LLC 0.04% of their portfolio MORRISTOWN, NJ 76,69876.7k $7.6m $7.6m 0.04% Reduced -59.8k -59,787
64 Fortis Group Advisors, LLC 1.11% of their portfolio WESTWOOD, NJ 66,45166.5k $6.6m $6.6m 1.11% Reduced -40.8k -40,774
65 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 65,26965.3k $6.5m $6.5m 0.00% Reduced -36.3k -36,339
66 Total Clarity Wealth Management, Inc. 1.55% of their portfolio ST. CHARLES, IL 64,52964.5k $6.4m $6.4m 1.55% Added +18.1k +18,091
67 Steward Partners Investment Advisory, LLC 0.03% of their portfolio STAMFORD, CT 63,27263.3k $6.3m $6.3m 0.03% Added +26.8k +26,779
68 RETIREMENT CAPITAL STRATEGIES 2.32% of their portfolio SAN JOSE, CA 63,10563.1k $6.3m $6.3m 2.32% Added +5.6k +5,643
69 Ameritas Advisory Services, LLC 0.23% of their portfolio Lincoln, NE 62,55962.6k $6.2m $6.2m 0.23% Added +15.2k +15,217
70 Altiora Financial Group, LLC 1.06% of their portfolio LEBANON, OH 62,16562.2k $6.2m $6.2m 1.06% Reduced -30.3k -30,254
71 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 62,01862.0k $6.2m $6.2m 0.02% Added +17.9k +17,902
72 STEPHENS INC /AR/ 0.08% of their portfolio LITTLE ROCK, AR 61,86061.9k $6.1m $6.1m 0.08% Added +28.7k +28,712
73 QUADRANT CAPITAL GROUP LLC 0.18% of their portfolio CINCINNATI, OH 59,89359.9k $5.9m $5.9m 0.18% Added +5.2k +5,213
74 WEDBUSH SECURITIES INC 0.17% of their portfolio PASADENA, CA 58,18158.2k $5.8m $5.8m 0.17% Added +25.1k +25,075
75 Advisory Services Network, LLC 0.08% of their portfolio ATLANTA, GA 56,02556.0k $5.6m $5.6m 0.08% Added +8.9k +8,891
76 Prosperity Consulting Group, LLC 0.25% of their portfolio OWINGS MILLS, MD 55,13955.1k $5.5m $5.5m 0.25% Added +7.6k +7,595
77 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 54,98755.0k $5.5m $5.5m 0.01% Reduced -299 -299
78 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 54,82054.8k $5.4m $5.4m 0.02% Added +2.5k +2,462
79 Concurrent Investment Advisors, LLC 0.06% of their portfolio Tampa, FL 54,53354.5k $5.4m $5.4m 0.06% Added +1.1k +1,138
80 INDEPENDENT FINANCIAL GROUP, LLC 0.12% of their portfolio SAN DIEGO, CA 53,38153.4k $5.3m $5.3m 0.12% Reduced -1.5k -1,464
81 Carr Financial Group Corp 1.34% of their portfolio WORCESTER, MA 50,82850.8k $5.0m $5.0m 1.34% Added +26.1k +26,110
82 Portland Global Advisors LLC 0.53% of their portfolio PORTLAND, ME 49,83649.8k $4.9m $4.9m 0.53% Added +10.3k +10,328
83 Tidal Investments LLC 0.02% of their portfolio Milwaukee, WI 47,11647.1k $4.7m $4.7m 0.02% Added +21.9k +21,881
84 Waldron Private Wealth LLC 0.18% of their portfolio BRIDGEVILLE, PA 45,71945.7k $4.5m $4.5m 0.18% Reduced -4.1k -4,111
85 Capstone Wealth Management Group LLC 2.73% of their portfolio Bend, OR 45,45145.5k $4.5m $4.5m 2.73% Added +3.4k +3,406
86 Wealthcare Advisory Partners LLC 0.09% of their portfolio WEST CHESTER, PA 45,30445.3k $4.5m $4.5m 0.09% Reduced -8.1k -8,080
87 Stratos Wealth Partners, LTD. 0.05% of their portfolio BEACHWOOD, OH 45,14845.1k $4.5m $4.5m 0.05% Reduced -16.0k -16,048
88 HM PAYSON & CO 0.06% of their portfolio PORTLAND, ME 43,98344.0k $4.4m $4.4m 0.06% Reduced -3.9k -3,854
89 Pine Valley Investments Ltd Liability Co 0.21% of their portfolio MARLTON, NJ 43,27243.3k $4.3m $4.3m 0.21% Added +11.6k +11,578
90 Carrera Capital Advisors 0.71% of their portfolio TROY, MI 42,85342.9k $4.3m $4.3m 0.71% Reduced -4.5k -4,485
91 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 42,83342.8k $4.2m $4.2m 0.01% Added +181 +181
92 WealthTrust Asset Management, LLC 2.94% of their portfolio Destin, FL 42,38042.4k $4.2m $4.2m 2.94% Added +17.9k +17,891
93 Beacon Capital Management, Inc. 0.22% of their portfolio DAYTON, OH 41,89541.9k $4.2m $4.2m 0.22% Reduced -3.3k -3,296
94 Onyx Bridge Wealth Group LLC 0.44% of their portfolio TARRYTOWN, NY 41,80441.8k $4.1m $4.1m 0.44% Reduced -66 -66
95 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 41,33241.3k $4.1m $4.1m 0.01% Reduced -5.1k -5,061
96 Stratos Wealth Advisors, LLC 0.19% of their portfolio BEACHWOOD, OH 38,80338.8k $3.9m $3.9m 0.19% Added +7.0k +7,039
97 Hershey Financial Advisers, LLC 2.90% of their portfolio LANCASTER, PA 34,56434.6k $3.4m $3.4m 2.90% Reduced -11.2k -11,247
98 OakTrust Wealth Advisors, LLC 3.11% of their portfolio WILTON, CT 33,98634.0k $3.4m $3.4m 3.11% First filing
99 Western Wealth Management, LLC 0.15% of their portfolio GOLDEN, CO 33,50533.5k $3.3m $3.3m 0.15% Added +11.0k +11,005
100 Dakota Wealth Management 0.06% of their portfolio PALM BEACH GARDENS, FL 32,10032.1k $3.2m $3.2m 0.06% Added +6.4k +6,362