Vault-13

SPDR SER TR BILS

BLOOMBERG 3-12 M · ETP · CUSIP 78468R523

277 institutional holders +6 vs Q4 2025
27,105,56127.1m shares reported held*
$2.7bnreported value*
30 new 117 added 112 reduced 22 sold out net bought ≈ $214.5m (+2.2m 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 ($2.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $99.44.

Trends to Q1 2026

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: 271Q1 26: 277277Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 2026277

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 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 25Q4 25: 134 bought or addedQ4 25: 128 cut or sold outQ1 26: 147 bought or addedQ1 26: 134 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024126131
Q3 2024129118
Q4 2024128116
Q1 2025168106
Q2 2025153133
Q3 2025119159
Q4 2025134128
Q1 2026147134

Biggest buyers

AMERIPRISE FINANCIAL INC Added +382,710+382.7k
Marshall Financial Group, LLC New +360,770+360.8k
Miller Investment Management, LP Added +251,445+251.4k
NewEdge Advisors, LLC Added +219,333+219.3k
Proficio Capital Partners LLC Added +180,357+180.4k
Kera Capital Partners, Inc. Added +167,113+167.1k
MORGAN STANLEY Added +144,690+144.7k
Cerity Partners LLC Added +130,201+130.2k
LaSalle St. Investment Advisors, LLC New +113,466+113.5k
GOLDMAN SACHS GROUP INC Added +111,975+112.0k

Biggest sellers

PECAUT & CO. Reduced -205,341-205.3k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -173,616-173.6k
ROYAL BANK OF CANADA Reduced -147,711-147.7k
Focus Partners Wealth Reduced -127,989-128.0k
Austin Wealth Management, LLC Reduced -88,610-88.6k
AQR CAPITAL MANAGEMENT LLC Reduced -67,827-67.8k
UBS Group AG Reduced -38,088-38.1k
CWM, LLC Reduced -37,965-38.0k
Cetera Investment Advisers Reduced -35,651-35.7k
Baird Financial Group, Inc. Reduced -32,420-32.4k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.10% of their portfolio FORT MILL, SC 3,683,6033.7m $366.3m $366.3m 0.10% Added +89.7k +89,683
2 CWM, LLC 0.53% of their portfolio OMAHA, NE 2,019,4772.0m $200.8m $200.8m 0.53% Reduced -38.0k -37,965
3 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 1,420,9941.4m $141.3m $141.3m 0.03% Added +382.7k +382,710
4 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,330,9141.3m $132.3m $132.3m 0.01% Reduced -17.2k -17,193
5 Miller Investment Management, LP 12.45% of their portfolio WEST CONSHOHOCKEN, PA 1,260,5351.3m $125.3m $125.3m 12.45% Added +251.4k +251,445
6 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 638,662638.7k $63.5m $63.5m 0.01% Reduced -397 -397
7 OSAIC HOLDINGS, INC. 0.09% of their portfolio SCOTTSDALE, AZ 604,754604.8k $60.1m $60.1m 0.09% Reduced -4.7k -4,700
8 Bell Bank 2.52% of their portfolio FARGO, ND 598,332598.3k $59.5m $59.5m 2.52% Added +51.0k +50,990
9 Sargent Investment Group, LLC 7.21% of their portfolio BETHESDA, MD 550,393550.4k $54.7m $54.7m 7.21% Reduced -7.4k -7,367
10 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 469,941469.9k $46.7m $46.7m 0.00% Added +144.7k +144,690
11 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 446,298446.3k $44.4m $44.4m 0.01% Added +3.9k +3,884
12 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 420,602420.6k $41.8m $41.8m 0.01% Added +6.0k +6,014
13 UBS Group AG 0.01% of their portfolio ZURICH, V8 397,444397.4k $39.5m $39.5m 0.01% Reduced -38.1k -38,088
14 Ashton Thomas Private Wealth, LLC 0.86% of their portfolio SCOTTSDALE, AZ 365,336365.3k $36.3m $36.3m 0.86% Reduced -24.6k -24,589
15 Marshall Financial Group, LLC 5.74% of their portfolio Hunt Valley, MD 360,770360.8k $35.9m $35.9m 5.74% New
16 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 353,817353.8k $35.2m $35.2m 0.05% Reduced -173.6k -173,616
17 One Day In July LLC 2.61% of their portfolio BURLINGTON, VT 328,210328.2k $32.6m $32.6m 2.61% Added +4.0k +3,984
18 NewEdge Advisors, LLC 0.11% of their portfolio NEW ORLEANS, LA 311,758311.8k $31.0m $31.0m 0.11% Added +219.3k +219,333
19 Proficio Capital Partners LLC 1.54% of their portfolio NEWTON, MA 288,942288.9k $28.8m $28.8m 1.54% Added +180.4k +180,357
20 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 284,577284.6k $28.3m $28.3m 0.04% Added +13.6k +13,558
21 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 268,069268.1k $26.7m $26.7m 0.03% Reduced -35.7k -35,651
22 Kera Capital Partners, Inc. 3.24% of their portfolio SACRAMENTO, CA 265,419265.4k $26.4m $26.4m 3.24% Added +167.1k +167,113
23 MML INVESTORS SERVICES, LLC 0.07% of their portfolio SPRINGFIELD, MA 258,991259.0k $25.8m $25.8m 0.07% Reduced -14.4k -14,380
24 SoundView Advisors Inc. 9.11% of their portfolio OLYMPIA, WA 257,283257.3k $25.6m $25.6m 9.11% Reduced -18.9k -18,852
25 PECAUT & CO. 8.27% of their portfolio SIOUX CITY, IA 256,061256.1k $25.5m $25.5m 8.27% Reduced -205.3k -205,341
26 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 256,004256.0k $25.5m $25.5m 0.01% Reduced -67.8k -67,827
27 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 242,249242.2k $24.1m $24.1m 0.03% Added +130.2k +130,201
28 Asset One Wealth Management LLC 2.61% of their portfolio BELLEVUE, WA 237,553237.6k $23.6m $23.6m 2.61% Added +77.0k +77,025
29 AlphaCore Capital LLC 0.51% of their portfolio LA JOLLA, CA 218,075218.1k $21.7m $21.7m 0.51% Added +29.4k +29,438
30 Integrated Wealth Concepts LLC 0.17% of their portfolio WALTHAM, MA 213,098213.1k $21.2m $21.2m 0.17% Added +53.6k +53,633
31 Peak Asset Management, LLC 3.69% of their portfolio LOUISVILLE, CO 210,297210.3k $20.9m $20.9m 3.69% Added +3.6k +3,594
32 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 206,357206.4k $20.5m $20.5m 0.00% Reduced -147.7k -147,711
33 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 196,124196.1k $19.5m $19.5m 0.02% Added +18.9k +18,858
34 CWA Asset Management Group, LLC 0.65% of their portfolio NAPLES, FL 190,156190.2k $18.9m $18.9m 0.65% Reduced -6.9k -6,945
35 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 184,651184.7k $18.4m $18.4m 0.02% Reduced -128.0k -127,989
36 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 180,900180.9k $18.0m $18.0m 0.01% Added +43.2k +43,247
37 Horizon Family Wealth, Inc. 9.17% of their portfolio CHICAGO, IL 174,529174.5k $17.4m $17.4m 9.17% Added +28.6k +28,603
38 HighPoint Advisor Group LLC 0.72% of their portfolio DOWNERS GROVE, IL 173,308173.3k $17.2m $17.2m 0.72% Added +19.5k +19,549
39 DBK Financial Counsel, LLC 12.97% of their portfolio CUYAHOGA FALLS, OH 172,220172.2k $17.1m $17.1m 12.97% Added +19.5k +19,471
40 Birchcreek Wealth Management, LLC 7.64% of their portfolio MIAMI TOWNSHIP, OH 159,566159.6k $15.9m $15.9m 7.64% Added +2.4k +2,357
41 Equitable Holdings, Inc. 0.10% of their portfolio NEW YORK, NY 158,499158.5k $15.7m $15.7m 0.10% Added +18.7k +18,734
42 Pacific Sage Partners, LLC 2.41% of their portfolio EDMONDS, WA 153,758153.8k $15.3m $15.3m 2.41% Added +19.6k +19,602
43 Steward Partners Investment Advisory, LLC 0.07% of their portfolio STAMFORD, CT 146,801146.8k $14.6m $14.6m 0.07% Added +83.5k +83,529
44 PROMETHIUM ADVISORS,LLC 7.29% of their portfolio BETHESDA, MD 141,506141.5k $14.1m $14.1m 7.29% Added +581 +581
45 Treasure Coast Financial Planning 7.23% of their portfolio VERO BEACH, FL 141,297141.3k $14.1m $14.1m 7.23% Added +12.7k +12,658
46 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 140,166140.2k $13.9m $13.9m 0.00% Added +112.0k +111,975
47 MOKAN Wealth Management Inc. 5.96% of their portfolio OVERLAND PARK, KS 135,356135.4k $13.5m $13.5m 5.96% Added +5.5k +5,465
48 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 130,494130.5k $13.0m $13.0m 0.02% Reduced -24.5k -24,546
49 Delos Wealth Advisors, LLC 7.19% of their portfolio DALLAS, TX 126,275126.3k $12.6m $12.6m 7.19% Added +6.5k +6,494
50 CASTLEKEEP INVESTMENT ADVISORS LLC 6.70% of their portfolio WESTPORT, CT 124,196124.2k $12.4m $12.4m 6.70% Added +1.2k +1,229
51 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.45% of their portfolio BOSTON, MA 119,196119.2k $11.9m $11.9m 0.45% Added +669 +669
52 MERCER GLOBAL ADVISORS INC /ADV 0.02% of their portfolio DENVER, CO 117,974118.0k $11.7m $11.7m 0.02% Added +76.6k +76,642
53 WealthTrust Asset Management, LLC 6.84% of their portfolio Destin, FL 115,288115.3k $11.5m $11.5m 6.84% Added +72.9k +72,908
54 LaSalle St. Investment Advisors, LLC 1.59% of their portfolio ELMHURST, IL 113,466113.5k $11.3m $11.3m 1.59% New
55 NDWM LLC 7.23% of their portfolio LA JOLLA, CA 112,096112.1k $11.1m $11.1m 7.23% Reduced -27.8k -27,762
56 Anson Capital, Inc. 7.20% of their portfolio TYRONE, GA 105,799105.8k $10.5m $10.5m 7.20% Added +7.7k +7,680
57 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 97,31397.3k $9.7m $9.7m 0.00% Added +32.0k +32,044
58 Independent Advisor Alliance 0.10% of their portfolio CHARLOTTE, NC 96,79296.8k $9.6m $9.6m 0.10% New
59 Total Clarity Wealth Management, Inc. 2.26% of their portfolio ST. CHARLES, IL 96,74396.7k $9.6m $9.6m 2.26% Added +32.2k +32,214
60 Tidal Investments LLC 0.03% of their portfolio Milwaukee, WI 92,55892.6k $9.2m $9.2m 0.03% Added +45.4k +45,442
61 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 89,27389.3k $8.9m $8.9m 0.01% Added +3.8k +3,810
62 O'ROURKE & COMPANY, Inc 3.48% of their portfolio BOSTON, MA 88,38988.4k $8.8m $8.8m 3.48% Added +11.3k +11,254
63 Hibernia Wealth Partners, LLC 2.48% of their portfolio BATON ROUGE, LA 84,49284.5k $8.4m $8.4m 2.48% Added +3.1k +3,056
64 CALTON & ASSOCIATES, INC. 1.19% of their portfolio Tampa, FL 82,94282.9k $8.2m $8.2m 1.19% Reduced -7.5k -7,519
65 Valmark Advisers, Inc. 0.10% of their portfolio AKRON, OH 82,33382.3k $8.2m $8.2m 0.10% Added +3.1k +3,105
66 Ameritas Advisory Services, LLC 0.31% of their portfolio Lincoln, NE 81,10581.1k $8.1m $8.1m 0.31% Added +18.5k +18,546
67 ENTREWEALTH, LLC 3.61% of their portfolio AUSTIN, TX 80,92680.9k $8.0m $8.0m 3.61% Reduced -6.0k -5,954
68 Farther Finance Advisors, LLC 0.07% of their portfolio SAN FRANCISCO, CA 76,72976.7k $7.6m $7.6m 0.07% Reduced -986 -986
69 Procyon Advisors, LLC 0.36% of their portfolio SHELTON, CT 73,95474.0k $7.4m $7.4m 0.36% Reduced -3.3k -3,333
70 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 73,31673.3k $7.3m $7.3m 0.02% Added +11.3k +11,298
71 QUADRANT CAPITAL GROUP LLC 0.22% of their portfolio CINCINNATI, OH 72,89872.9k $7.2m $7.2m 0.22% Added +13.0k +13,005
72 RETIREMENT CAPITAL STRATEGIES 2.66% of their portfolio SAN JOSE, CA 70,76670.8k $7.0m $7.0m 2.66% Added +7.7k +7,661
73 Choate Investment Advisors 0.13% of their portfolio BOSTON, MA 67,02167.0k $6.7m $6.7m 0.13% Reduced -10.5k -10,509
74 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 65,63065.6k $6.5m $6.5m 0.01% Added +62.3k +62,331
75 NEW WAVE WEALTH ADVISORS LLC 2.28% of their portfolio SPRINGDALE, AR 65,59065.6k $6.5m $6.5m 2.28% Added +33.6k +33,592
76 Foundations Investment Advisors, LLC 0.08% of their portfolio PHOENIX, AZ 63,21263.2k $6.3m $6.3m 0.08% Added +50.9k +50,915
77 Fortis Group Advisors, LLC 1.04% of their portfolio WESTWOOD, NJ 63,15563.2k $6.3m $6.3m 1.04% Reduced -3.3k -3,296
78 Concurrent Investment Advisors, LLC 0.07% of their portfolio Tampa, FL 62,57062.6k $6.2m $6.2m 0.07% Added +8.0k +8,037
79 Samara Investment Management, LLC 6.43% of their portfolio BEAVERTON, OR 62,36162.4k $6.2m $6.2m 6.43% First filing
80 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 60,85960.9k $6.1m $6.1m 0.03% Reduced -15.8k -15,839
81 WEDBUSH SECURITIES INC 0.17% of their portfolio PASADENA, CA 58,86958.9k $5.9m $5.9m 0.17% Added +688 +688
82 Altiora Financial Group, LLC 0.93% of their portfolio LEBANON, OH 56,73056.7k $5.6m $5.6m 0.93% Reduced -5.4k -5,435
83 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 55,93455.9k $5.6m $5.6m 0.01% Added +947 +947
84 Csenge Advisory Group 0.25% of their portfolio CLEARWATER, FL 54,15754.2k $5.4m $5.4m 0.25% Added +28.3k +28,348
85 Tower Research Capital LLC (TRC) 0.14% of their portfolio NEW YORK, NY 53,65653.7k $5.3m $5.3m 0.14% New
86 INDEPENDENT FINANCIAL GROUP, LLC 0.12% of their portfolio SAN DIEGO, CA 51,74551.7k $5.1m $5.1m 0.12% Reduced -1.6k -1,636
87 Advisory Services Network, LLC 0.07% of their portfolio ATLANTA, GA 51,22351.2k $5.1m $5.1m 0.07% Reduced -4.8k -4,802
88 Carr Financial Group Corp 1.34% of their portfolio WORCESTER, MA 51,14551.1k $5.1m $5.1m 1.34% Added +317 +317
89 Stratos Wealth Partners, LTD. 0.05% of their portfolio BEACHWOOD, OH 47,54147.5k $4.7m $4.7m 0.05% Added +2.4k +2,393
90 Capstone Wealth Management Group LLC 2.90% of their portfolio Bend, OR 47,39747.4k $4.7m $4.7m 2.90% Added +1.9k +1,946
91 Waldron Private Wealth LLC 0.18% of their portfolio BRIDGEVILLE, PA 47,25847.3k $4.7m $4.7m 0.18% Added +1.5k +1,539
92 Prosperity Consulting Group, LLC 0.20% of their portfolio OWINGS MILLS, MD 44,71044.7k $4.4m $4.4m 0.20% Reduced -10.4k -10,429
93 Wealthcare Advisory Partners LLC 0.09% of their portfolio WEST CHESTER, PA 44,67744.7k $4.4m $4.4m 0.09% Reduced -627 -627
94 Pine Valley Investments Ltd Liability Co 0.21% of their portfolio MARLTON, NJ 44,40844.4k $4.4m $4.4m 0.21% Added +1.1k +1,136
95 HM PAYSON & CO 0.06% of their portfolio PORTLAND, ME 44,13244.1k $4.4m $4.4m 0.06% Added +149 +149
96 Carrera Capital Advisors 0.64% of their portfolio TROY, MI 42,03042.0k $4.2m $4.2m 0.64% Reduced -823 -823
97 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 41,62441.6k $4.1m $4.1m 0.02% Reduced -13.2k -13,196
98 Atria Investments, Inc 0.05% of their portfolio Charlotte, NC 41,61541.6k $4.1m $4.1m 0.05% Added +14.7k +14,718
99 Portland Global Advisors LLC 0.43% of their portfolio PORTLAND, ME 40,14740.1k $4.0m $4.0m 0.43% Reduced -9.7k -9,689
100 STEPHENS INC /AR/ 0.05% of their portfolio LITTLE ROCK, AR 39,96640.0k $4.0m $4.0m 0.05% Reduced -21.9k -21,894