Vault-13

SPDR SERIES TRUST SPHY

PORTFLI HIGH YLD · ETP · CUSIP 78468R606

170 institutional holders +13 vs Q4 2022
28,344,59728.3m shares reported held*
$650.4mreported value*
33 new 78 added 37 reduced 21 sold out net bought ≈ $261.8m (+11.4m 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 ($81.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $22.95. Options: 11 managers hold calls ($527.4m notional), 0 hold puts (—).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 130Q4 22: 157Q1 23: 170170Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022130
Q4 2022157
Q1 2023170

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 102 bought or addedQ4 22: 50 cut or sold outQ4 22Q1 23: 111 bought or addedQ1 23: 58 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 202210250
Q1 202311158

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ3 22 calls: $340.4mQ3 22 puts: $0Q3 22P/C 0.00Q4 22 calls: $701.9mQ4 22 puts: $0Q4 22P/C 0.00Q1 23 calls: $527.4mQ1 23 puts: $0Q1 23P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2022$340.4m$00.00
Q4 2022$701.9m$00.00
Q1 2023$527.4m$00.00

Biggest buyers

Municipal Employees' Retirement System of Michigan New +6,696,428+6.7m
AMERIPRISE FINANCIAL INC Added +2,535,075+2.5m
JANE STREET GROUP, LLC New +974,685+974.7k
Hilltop Partners LLC Added +504,574+504.6k
Thrivent Financial for Lutherans Added +495,233+495.2k
BENJAMIN F. EDWARDS & COMPANY, INC. Added +289,597+289.6k
LPL Financial LLC Added +240,702+240.7k
Optas, LLC New +216,157+216.2k
CAPITAL ADVISORS INC/OK Added +193,091+193.1k
McIlrath & Eck, LLC New +151,966+152.0k

Biggest sellers

Systelligence, LLC Sold out -472,457-472.5k
Leicht Financial Planning & Wealth Management, Inc. Sold out -289,294-289.3k
HighTower Advisors, LLC Sold out -261,738-261.7k
Econ Financial Services Corp Reduced -244,296-244.3k
Bank of New York Mellon Corp Sold out -225,203-225.2k
Cambridge Investment Research Advisors, Inc. Reduced -132,031-132.0k
AE Wealth Management LLC Reduced -125,475-125.5k
OLD MISSION CAPITAL LLC Sold out -100,323-100.3k
SAM Advisors, LLC Reduced -71,359-71.4k
MORGAN STANLEY Reduced -61,189-61.2k

Biggest calls

JANE STREET GROUP, LLC Reduced $164.1m1.3m shares
Optiver Holding B.V. Reduced $104.5m819.4k shares
IMC-Chicago, LLC Added $65.7m514.6k shares
CTC LLC Added $64.5m5.1k shares
Twin Tree Management, LP Reduced $48.2m377.4k shares
RIPOSTE CAPITAL LLC New $44.7m350.0k shares
JPMORGAN CHASE & CO Reduced $33.2m260.3k shares
Maven Securities LTD New $1.5m11.4k shares
GARDA CAPITAL PARTNERS LP Unchanged $956.9k7.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $243.6k10.6k 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, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Municipal Employees' Retirement System of Michigan 2.37% of their portfolio LANSING, MI 6,696,4286.7m $153.9m $153.9m 2.37% New
2 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 3,242,6223.2m $74.5m $74.5m 0.02% Added +2.5m +2,535,075
3 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 2,742,1832.7m $63.0m $63.0m 0.05% Added +240.7k +240,702
4 CAPITAL ADVISORS INC/OK 0.65% of their portfolio TULSA, OK 1,056,8091.1m $24.3m $24.3m 0.65% Added +193.1k +193,091
5 DT Investment Partners, LLC 2.84% of their portfolio CHADDS FORD, PA 1,032,4551.0m $23.4m $23.4m 2.84% Added +106.9k +106,920
6 JANE STREET GROUP, LLC 0.04% of their portfolio NEW YORK, NY 974,685974.7k $22.4m $22.4m 0.04% New
7 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 945,413945.4k $21.7m $21.7m 0.00% Added +46.4k +46,392
8 KWB Wealth 2.91% of their portfolio REDLANDS, CA 704,921704.9k $15.7m $15.7m 2.91% Added +12.3k +12,293
9 SAM Advisors, LLC 6.66% of their portfolio OAKHURST, CA 646,341646.3k $14.9m $14.9m 6.66% Reduced -71.4k -71,359
10 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 581,550581.5k $13.2m $13.2m 0.03% Added +495.2k +495,233
11 Kohmann Bosshard Financial Services, LLC 2.44% of their portfolio FAIRLAWN, OH 561,851561.9k $13.0m $13.0m 2.44% Added +25.3k +25,268
12 Hilltop Partners LLC 5.39% of their portfolio MISHAWAKA, IN 520,471520.5k $12.0m $12.0m 5.39% Added +504.6k +504,574
13 BENJAMIN F. EDWARDS & COMPANY, INC. 0.50% of their portfolio ST. LOUIS, MO 515,042515.0k $11.8m $11.8m 0.50% Added +289.6k +289,597
14 NewSquare Capital LLC 1.18% of their portfolio NEWTOWN SQUARE, PA 435,395435.4k $10.0m $10.0m 1.18% Reduced -13.8k -13,817
15 Sterling Financial Group, Inc. 6.97% of their portfolio PASADENA, CA 406,879406.9k $9.1m $9.1m 6.97% Unchanged
16 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 397,225397.2k $9.1m $9.1m 0.04% Reduced -132.0k -132,031
17 Private Advisor Group, LLC 0.08% of their portfolio MORRISTOWN, NJ 347,887347.9k $8.0m $8.0m 0.08% Reduced -47.8k -47,784
18 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 298,022298.0k $6.8m $6.8m 0.00% Added +139.5k +139,489
19 AE Wealth Management LLC 0.04% of their portfolio TOPEKA, KS 277,177277.2k $6.4m $6.4m 0.04% Reduced -125.5k -125,475
20 AIRE ADVISORS, LLC 1.69% of their portfolio BEVERLY HILLS, CA 262,680262.7k $6.0m $6.0m 1.69% Added +8.9k +8,919
21 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 232,838232.8k $5.4m $5.4m 0.02% Added +415 +415
22 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 231,678231.7k $5.3m $5.3m 0.00% Reduced -61.2k -61,189
23 Peterson Wealth Advisors, LLC 1.43% of their portfolio Orem, UT 226,170226.2k $5.2m $5.2m 1.43% Reduced -23.4k -23,413
24 ProVise Management Group, LLC 0.50% of their portfolio CLEARWATER, FL 226,086226.1k $5.2m $5.2m 0.50% Added +6.6k +6,625
25 Optas, LLC 1.77% of their portfolio DRIPPING SPRINGS, TX 216,157216.2k $5.0m $5.0m 1.77% New
26 Strategic Financial Planning, Inc. 4.46% of their portfolio PLANO, TX 212,586212.6k $4.9m $4.9m 4.46% Added +5.1k +5,087
27 McIlrath & Eck, LLC 0.82% of their portfolio ARLINGTON, WA 151,966152.0k $3.5m $3.5m 0.82% New
28 MCF Advisors LLC 0.32% of their portfolio LEXINGTON, KY 148,020148.0k $3.4m $3.4m 0.32% Reduced -2.4k -2,408
29 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 142,633142.6k $3.3m $3.3m 0.02% Added +113.2k +113,203
30 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 140,518140.5k $3.2m $3.2m 0.00% Added +31.0k +31,000
31 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 132,509132.5k $3.0m $3.0m 0.00% Added +38.4k +38,366
32 Horizon Investment Services, LLC 1.92% of their portfolio HAMMOND, IN 129,893129.9k $3.0m $3.0m 1.92% Reduced -4.0k -4,008
33 Equitable Holdings, Inc. 0.04% of their portfolio NEW YORK, NY 118,767118.8k $2.7m $2.7m 0.04% Reduced -3.1k -3,089
34 SVB WEALTH LLC 0.04% of their portfolio BOSTON, MA 116,540116.5k $2.7m $2.7m 0.04% Added +81.6k +81,588
35 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 111,947111.9k $2.6m $2.6m 0.00% Reduced -989 -989
36 Stadion Money Management, LLC 0.19% of their portfolio WATKINSVILLE, GA 107,073107.1k $2.5m $2.5m 0.19% Reduced -3.6k -3,609
37 Bensler, LLC 0.49% of their portfolio Bellevue, WA 106,373106.4k $2.4m $2.4m 0.49% Added +26.9k +26,879
38 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 96,89696.9k $2.2m $2.2m 0.00% Added +4.1k +4,087
39 Iowa State Bank 0.52% of their portfolio URBANDALE, IA 90,50390.5k $2.1m $2.1m 0.52% Added +34.0k +34,011
40 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 89,50089.5k $2.1m $2.1m 0.00% Added +8.5k +8,500
41 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 79,94379.9k $1.8m $1.8m 0.00% Added +15.5k +15,546
42 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 77,61677.6k $1.8m $1.8m 0.00% Added +65.7k +65,690
43 SHEETS SMITH WEALTH MANAGEMENT 0.25% of their portfolio WINSTON-SALEM, NC 72,00972.0k $1.7m $1.7m 0.25% Added +987 +987
44 FLAGSHIP HARBOR ADVISORS, LLC 0.15% of their portfolio BOSTON, MA 70,51470.5k $1.6m $1.6m 0.15% Reduced -33.5k -33,468
45 Mariner, LLC 0.00% of their portfolio Overland Park, KS 67,77967.8k $1.6m $1.6m 0.00% Added +48.8k +48,755
46 Atria Wealth Solutions, Inc. 0.02% of their portfolio NEW YORK, NY 65,35565.4k $1.5m $1.5m 0.02% Reduced -5.3k -5,312
47 Inscription Capital, LLC 0.39% of their portfolio HOUSTON, TX 64,42464.4k $1.5m $1.5m 0.39% Added +31.1k +31,070
48 Nikulski Financial, Inc. 0.63% of their portfolio BETTENDORF, IA 61,73061.7k $1.4m $1.4m 0.63% New
49 CAHILL FINANCIAL ADVISORS INC 0.24% of their portfolio EDINA, MN 58,48658.5k $1.3m $1.3m 0.24% Added +2.2k +2,237
50 Alaska Permanent Capital Management, LLC 0.12% of their portfolio ANCHORAGE, AK 58,43958.4k $1.3m $1.3m 0.12% Reduced -10.9k -10,944
51 WCG Wealth Advisors LLC 0.16% of their portfolio LAS VEGAS, NV 55,59255.6k $1.3m $1.3m 0.16% Added +19.2k +19,151
52 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 54,65754.7k $1.3m $1.3m 0.00% Added +15.3k +15,343
53 HF Advisory Group, LLC 1.10% of their portfolio Annapolis, MD 53,97054.0k $1.2m $1.2m 1.10% Added +8.0k +8,039
54 Stonebridge Financial Planning Group, LLC 0.78% of their portfolio ORLANDO, FL 52,57952.6k $1.2m $1.2m 0.78% Added +8.4k +8,397
55 SMART Wealth LLC 1.04% of their portfolio Omaha, NE 51,42951.4k $1.2m $1.2m 1.04% Reduced -44.9k -44,909
56 Cetera Advisor Networks LLC 0.01% of their portfolio EL SEGUNDO, CA 49,51249.5k $1.1m $1.1m 0.01% Added +11.4k +11,406
57 Rooted Wealth Advisors, Inc. 0.83% of their portfolio BOURBONNAIS, IL 48,81748.8k $1.1m $1.1m 0.83% Added +5.3k +5,338
58 Jefferies Financial Group Inc. 0.02% of their portfolio NEW YORK, NY 46,45346.5k $1.1m $1.1m 0.02% New
59 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 46,04846.0k $1.1m $1.1m 0.00% New
60 Keystone Wealth Services, LLC 0.43% of their portfolio PALM DESERT, CA 45,52745.5k $1.0m $1.0m 0.43% Added +7.1k +7,080
61 FOSTER & MOTLEY INC 0.08% of their portfolio CINCINNATI, OH 44,21344.2k $1.0m $1.0m 0.08% Added +11.0k +11,028
62 CENTAURUS FINANCIAL, INC. 0.08% of their portfolio ANAHEIM, CA 43,90243.9k $1.0m $1.0m 0.08% Reduced -1.1k -1,098
63 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 39,43539.4k $906.2k $906.2k 0.01% Added +667 +667
64 ARMSTRONG ADVISORY GROUP, INC 0.11% of their portfolio NEEDHAM, MA 39,33939.3k $904.0k $904.0k 0.11% Added +14.5k +14,496
65 GPS Wealth Strategies Group, LLC 0.17% of their portfolio CENTENNIAL, CO 35,95436.0k $826.2k $826.2k 0.17% Reduced -20.4k -20,361
66 CWM, LLC 0.01% of their portfolio OMAHA, NE 35,75035.8k $822.0k $822.0k 0.01% Added +13.3k +13,294
67 Donald L. Hagan, LLC 0.43% of their portfolio Sarasota, FL 33,68533.7k $774.1k $774.1k 0.43% New
68 Towerpoint Wealth, LLC 0.44% of their portfolio SACRAMENTO, CA 33,57233.6k $771.5k $771.5k 0.44% Reduced -14.1k -14,055
69 Atlas Private Wealth Advisors 0.36% of their portfolio RED BANK, NJ 33,56933.6k $771.4k $771.4k 0.36% Added +19.2k +19,153
70 Revisor Wealth Management LLC 0.70% of their portfolio AKRON, OH 33,18933.2k $762.7k $762.7k 0.70% First filing
71 Edmonds Duncan Registered Investment Advisors, LLC 0.23% of their portfolio LAWRENCE, KS 32,07932.1k $737.2k $737.2k 0.23% Added +987 +987
72 WealthPLAN Partners, LLC 0.08% of their portfolio OMAHA, NE 31,30731.3k $719.4k $719.4k 0.08% Added +9 +9
73 Veritable, L.P. 0.01% of their portfolio Newtown Square, PA 30,00030.0k $689.4k $689.4k 0.01% Unchanged
74 BTS Asset Management, Inc. 0.39% of their portfolio Lincoln, MA 29,97630.0k $688.8k $688.8k 0.39% Unchanged
75 USAdvisors Wealth Management, LLC 0.33% of their portfolio EDEN PRAIRIE, MN 29,74529.7k $684.0k $684.0k 0.33% Added +6.5k +6,471
76 Coppell Advisory Solutions LLC 0.22% of their portfolio COPPELL, TX 29,66029.7k $673.0k $673.0k 0.22% Added +28.9k +28,872
77 Coppell Advisory Solutions Corp. 0.22% of their portfolio COPPELL, TX 29,66029.7k $673.0k $673.0k 0.22% Added +28.9k +28,872
78 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 29,14929.1k $670.0k $670.0k 0.00% New
79 Cetera Advisors LLC 0.01% of their portfolio DENVER, CO 27,51727.5k $632.3k $632.3k 0.01% Reduced -243 -243
80 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 26,87026.9k $617.5k $617.5k 0.00% Added +13.7k +13,659
81 Ashton Thomas Private Wealth, LLC 0.05% of their portfolio SCOTTSDALE, AZ 26,86126.9k $617.3k $617.3k 0.05% New
82 Financial Advocates Investment Management 0.05% of their portfolio OLYMPIA, WA 26,83626.8k $616.7k $616.7k 0.05% Added +14.4k +14,408
83 Virtue Capital Management, LLC 0.10% of their portfolio BRENTWOOD, TN 25,78525.8k $587.9k $587.9k 0.10% New
84 Jackson Creek Investment Advisors LLC 0.25% of their portfolio CASTLE ROCK, CO 25,53025.5k $587.0k $587.0k 0.25% Added +2.5k +2,458
85 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 25,06525.1k $576.0k $576.0k 0.01% Reduced -2.4k -2,358
86 RFG Advisory, LLC 0.03% of their portfolio BIRMINGHAM, AL 24,73624.7k $568.4k $568.4k 0.03% Added +449 +449
87 Trilogy Capital Inc. 0.04% of their portfolio IRVINE, CA 23,65523.7k $543.6k $543.6k 0.04% Reduced -93 -93
88 Western Wealth Management, LLC 0.05% of their portfolio GOLDEN, CO 22,87922.9k $525.8k $525.8k 0.05% Added +5.6k +5,593
89 Wealthcare Advisory Partners LLC 0.02% of their portfolio WEST CHESTER, PA 22,71522.7k $522.0k $522.0k 0.02% Added +4.5k +4,540
90 B. Riley Wealth Advisors, Inc. 0.01% of their portfolio MEMPHIS, TN 21,31921.3k $489.9k $489.9k 0.01% New
91 MA Private Wealth 0.12% of their portfolio SAN CARLOS, CA 20,95921.0k $481.6k $481.6k 0.12% Reduced -8.4k -8,434
92 Composition Wealth, LLC 0.02% of their portfolio LOS ANGELES, CA 20,82220.8k $478.5k $478.5k 0.02% Added +192 +192
93 Econ Financial Services Corp 0.35% of their portfolio HARRISBURG, PA 19,84719.8k $456.1k $456.1k 0.35% Reduced -244.3k -244,296
94 TRIAD FINANCIAL ADVISORS, INC. 0.20% of their portfolio GREENSBORO, NC 19,65419.7k $451.6k $451.6k 0.20% Added +12 +12
95 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 19,52919.5k $449.0k $449.0k 0.01% Added +4.5k +4,543
96 Belpointe Asset Management LLC 0.02% of their portfolio RENO, NV 18,92318.9k $434.9k $434.9k 0.02% Added +94 +94
97 DFPG INVESTMENTS, LLC 0.04% of their portfolio SANDY, UT 17,62517.6k $405.0k $405.0k 0.04% New
98 Alaska Wealth Advisors, LLC 0.07% of their portfolio ANCHORAGE, AK 17,21317.2k $395.6k $395.6k 0.07% Reduced -4.4k -4,419
99 PHILLIPS FINANCIAL MANAGEMENT, LLC 0.04% of their portfolio FORT WAYNE, IN 16,92116.9k $388.8k $388.8k 0.04% Added +5.3k +5,279
100 FSB PREMIER WEALTH MANAGEMENT, INC. 0.21% of their portfolio WATERLOO, IA 16,53516.5k $380.0k $380.0k 0.21% Added +2.8k +2,763