Vault-13

SPDR SERIES TRUST SPHY

PORTFLI HIGH YLD · ETP · CUSIP 78468R606

180 institutional holders +10 vs Q1 2023
24,613,15124.6m shares reported held*
$562.1mreported value*
30 new 70 added 49 reduced 20 sold out net sold ≈ $89.1m (-3.9m 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 ($78.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $22.84. Options: 9 managers hold calls ($352.6m notional), 0 hold puts (—).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 130Q4 22: 157Q1 23: 170Q2 23: 180180Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022130
Q4 2022157
Q1 2023170
Q2 2023180

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 23Q2 23: 100 bought or addedQ2 23: 69 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 202210250
Q1 202311158
Q2 202310069

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 0.00Q2 23 calls: $352.6mQ2 23 puts: $0Q2 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
Q2 2023$352.6m$00.00

Biggest buyers

Syntegra Private Wealth Group, LLC New +706,583+706.6k
ENVESTNET ASSET MANAGEMENT INC Added +415,221+415.2k
Stadion Money Management, LLC Added +332,341+332.3k
MORGAN STANLEY Added +218,065+218.1k
Cetera Investment Advisers New +213,145+213.1k
FLOW TRADERS U.S. LLC New +134,927+134.9k
Cynosure Group, LLC New +117,543+117.5k
Jefferies Financial Group Inc. Added +97,221+97.2k
OSAIC HOLDINGS, INC. Added +91,934+91.9k
Cambridge Investment Research Advisors, Inc. Added +90,329+90.3k

Biggest sellers

AMERIPRISE FINANCIAL INC Reduced -2,269,769-2.3m
JANE STREET GROUP, LLC Reduced -792,001-792.0k
KWB Wealth Sold out -704,921-704.9k
BANK OF AMERICA CORP /DE/ Reduced -686,801-686.8k
Hilltop Partners LLC Reduced -477,468-477.5k
Thrivent Financial for Lutherans Reduced -448,943-448.9k
Sterling Financial Group, Inc. Sold out -406,879-406.9k
LPL Financial LLC Reduced -275,723-275.7k
Janney Montgomery Scott LLC Sold out -232,838-232.8k
Private Advisor Group, LLC Reduced -227,312-227.3k

Biggest calls

JANE STREET GROUP, LLC Reduced $126.6m982.5k shares
Optiver Holding B.V. Reduced $60.3m468.2k shares
IMC-Chicago, LLC Reduced $55.2m428.3k shares
CTC LLC Reduced $49.9m3.9k shares
JPMORGAN CHASE & CO Added $40.6m315.0k shares
Twin Tree Management, LP Reduced $12.1m93.8k shares
Maven Securities LTD Added $4.4m33.9k shares
Genoa Capital Gestora de Recursos Ltda. New $3.5m3.5k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Municipal Employees' Retirement System of Michigan 2.18% of their portfolio LANSING, MI 6,696,4286.7m $152.9m $152.9m 2.18% Unchanged
2 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 2,466,4602.5m $56.3m $56.3m 0.04% Reduced -275.7k -275,723
3 DT Investment Partners, LLC 2.77% of their portfolio CHADDS FORD, PA 1,069,6321.1m $24.3m $24.3m 2.77% Added +37.2k +37,177
4 CAPITAL ADVISORS INC/OK 0.61% of their portfolio TULSA, OK 1,054,3461.1m $24.1m $24.1m 0.61% Reduced -2.5k -2,463
5 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 972,853972.9k $22.2m $22.2m 0.01% Reduced -2.3m -2,269,769
6 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 713,243713.2k $16.3m $16.3m 0.01% Added +415.2k +415,221
7 Syntegra Private Wealth Group, LLC 2.47% of their portfolio Chesterfield, MO 706,583706.6k $16.1m $16.1m 2.47% New
8 Kohmann Bosshard Financial Services, LLC 2.51% of their portfolio FAIRLAWN, OH 638,454638.5k $14.6m $14.6m 2.51% Added +76.6k +76,603
9 SAM Advisors, LLC 5.12% of their portfolio OAKHURST, CA 539,473539.5k $12.3m $12.3m 5.12% Reduced -106.9k -106,868
10 BENJAMIN F. EDWARDS & COMPANY, INC. 0.46% of their portfolio ST. LOUIS, MO 527,633527.6k $12.1m $12.1m 0.46% Added +12.6k +12,591
11 Cambridge Investment Research Advisors, Inc. 0.05% of their portfolio FAIRFIELD, IA 487,554487.6k $11.1m $11.1m 0.05% Added +90.3k +90,329
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 449,743449.7k $10.3m $10.3m 0.00% Added +218.1k +218,065
13 Stadion Money Management, LLC 0.65% of their portfolio WATKINSVILLE, GA 439,414439.4k $10.0m $10.0m 0.65% Added +332.3k +332,341
14 NewSquare Capital LLC 1.02% of their portfolio NEWTOWN SQUARE, PA 427,535427.5k $9.8m $9.8m 1.02% Reduced -7.9k -7,860
15 AIRE ADVISORS, LLC 1.61% of their portfolio BEVERLY HILLS, CA 267,083267.1k $6.1m $6.1m 1.61% Added +4.4k +4,403
16 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 258,612258.6k $5.9m $5.9m 0.00% Reduced -686.8k -686,801
17 ProVise Management Group, LLC 0.48% of their portfolio CLEARWATER, FL 229,883229.9k $5.3m $5.3m 0.48% Added +3.8k +3,797
18 AE Wealth Management LLC 0.03% of their portfolio TOPEKA, KS 228,021228.0k $5.2m $5.2m 0.03% Reduced -49.2k -49,156
19 Strategic Financial Planning, Inc. 4.32% of their portfolio PLANO, TX 213,865213.9k $4.9m $4.9m 4.32% Added +1.3k +1,279
20 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 213,145213.1k $4.9m $4.9m 0.04% New
21 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 182,684182.7k $4.2m $4.2m 0.01% Reduced -792.0k -792,001
22 Bensler, LLC 0.72% of their portfolio Bellevue, WA 166,746166.7k $3.8m $3.8m 0.72% Added +60.4k +60,373
23 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 158,150158.2k $3.6m $3.6m 0.01% Added +78.2k +78,207
24 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 155,755155.8k $3.6m $3.6m 0.00% Added +23.2k +23,246
25 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 149,309149.3k $3.4m $3.4m 0.00% Added +8.8k +8,791
26 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 146,591146.6k $3.3m $3.3m 0.01% Added +91.9k +91,934
27 Jefferies Financial Group Inc. 0.07% of their portfolio NEW YORK, NY 143,674143.7k $3.3m $3.3m 0.07% Added +97.2k +97,221
28 FLOW TRADERS U.S. LLC 0.13% of their portfolio NEW YORK, NY 134,927134.9k $3.1m $3.1m 0.13% New
29 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 132,607132.6k $3.0m $3.0m 0.01% Reduced -448.9k -448,943
30 MCF Advisors LLC 0.27% of their portfolio LEXINGTON, KY 131,480131.5k $3.0m $3.0m 0.27% Reduced -16.5k -16,540
31 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 130,970131.0k $3.0m $3.0m 0.02% Reduced -11.7k -11,663
32 Horizon Investment Services, LLC 1.74% of their portfolio HAMMOND, IN 124,742124.7k $2.8m $2.8m 1.74% Reduced -5.2k -5,151
33 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 121,759121.8k $2.8m $2.8m 0.00% Added +44.1k +44,143
34 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 120,575120.6k $2.8m $2.8m 0.02% Reduced -227.3k -227,312
35 Stonebridge Financial Planning Group, LLC 1.64% of their portfolio ORLANDO, FL 117,933117.9k $2.7m $2.7m 1.64% Added +65.4k +65,354
36 Cynosure Group, LLC 0.81% of their portfolio Salt Lake City, UT 117,543117.5k $2.7m $2.7m 0.81% New
37 Atria Wealth Solutions, Inc. 0.04% of their portfolio NEW YORK, NY 114,172114.2k $2.6m $2.6m 0.04% Added +48.8k +48,817
38 Atlas Private Wealth Advisors 0.51% of their portfolio RED BANK, NJ 110,953111.0k $2.5m $2.5m 0.51% Added +77.4k +77,384
39 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 110,793110.8k $2.5m $2.5m 0.00% Reduced -1.2k -1,154
40 Mid-American Wealth Advisory Group, Inc. 1.96% of their portfolio KANSAS CITY, MO 110,081110.1k $2.5m $2.5m 1.96% First filing
41 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 95,31895.3k $2.2m $2.2m 0.00% Reduced -1.6k -1,578
42 HF Advisory Group, LLC 1.71% of their portfolio Annapolis, MD 94,65594.7k $2.2m $2.2m 1.71% Added +40.7k +40,685
43 Equitable Holdings, Inc. 0.03% of their portfolio NEW YORK, NY 93,84593.8k $2.1m $2.1m 0.03% Reduced -24.9k -24,922
44 Iowa State Bank 0.53% of their portfolio URBANDALE, IA 92,30392.3k $2.1m $2.1m 0.53% Added +1.8k +1,800
45 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 89,50089.5k $2.0m $2.0m 0.00% Unchanged
46 CoreCap Advisors, LLC 0.14% of their portfolio SOUTHFIELD, MI 87,55587.6k $2.0m $2.0m 0.14% First filing
47 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 85,20085.2k $1.9m $1.9m 0.00% Added +39.2k +39,152
48 Cetera Advisors LLC 0.03% of their portfolio DENVER, CO 82,64382.6k $1.9m $1.9m 0.03% Added +55.1k +55,126
49 Nikulski Financial, Inc. 0.73% of their portfolio BETTENDORF, IA 77,21577.2k $1.8m $1.8m 0.73% Added +15.5k +15,485
50 FLAGSHIP HARBOR ADVISORS, LLC 0.14% of their portfolio BOSTON, MA 76,69376.7k $1.8m $1.8m 0.14% Added +6.2k +6,179
51 SHEETS SMITH WEALTH MANAGEMENT 0.24% of their portfolio WINSTON-SALEM, NC 73,07773.1k $1.7m $1.7m 0.24% Added +1.1k +1,068
52 JACOBSON & SCHMITT ADVISORS, LLC 0.46% of their portfolio MIDDLETON, WI 71,49271.5k $1.6m $1.6m 0.46% New
53 Mariner, LLC 0.00% of their portfolio Overland Park, KS 70,59370.6k $1.6m $1.6m 0.00% Added +2.8k +2,814
54 Freedom Investment Management, Inc. 0.18% of their portfolio SOUTH WINDSOR, CT 69,18469.2k $1.6m $1.6m 0.18% New
55 CAHILL FINANCIAL ADVISORS INC 0.22% of their portfolio EDINA, MN 60,54860.5k $1.4m $1.4m 0.22% Added +2.1k +2,062
56 Cetera Advisor Networks LLC 0.01% of their portfolio EL SEGUNDO, CA 55,60655.6k $1.3m $1.3m 0.01% Added +6.1k +6,094
57 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 55,41155.4k $1.3m $1.3m 0.00% New
58 WCG Wealth Advisors LLC 0.15% of their portfolio LAS VEGAS, NV 54,73754.7k $1.2m $1.2m 0.15% Reduced -855 -855
59 DFPG INVESTMENTS, LLC 0.11% of their portfolio SANDY, UT 53,64553.6k $1.2m $1.2m 0.11% Added +36.0k +36,020
60 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 52,77652.8k $1.2m $1.2m 0.00% Added +25.9k +25,906
61 Fulcrum Equity Management 1.40% of their portfolio PLANO, TX 52,73452.7k $1.2m $1.2m 1.40% New
62 Keystone Wealth Services, LLC 0.44% of their portfolio PALM DESERT, CA 52,06052.1k $1.2m $1.2m 0.44% Added +6.5k +6,533
63 FOSTER & MOTLEY INC 0.09% of their portfolio CINCINNATI, OH 50,54550.5k $1.2m $1.2m 0.09% Added +6.3k +6,332
64 CENTAURUS FINANCIAL, INC. 0.10% of their portfolio ANAHEIM, CA 50,40150.4k $1.2m $1.2m 0.10% Added +6.5k +6,499
65 McNaughton Wealth Management, LLC 0.72% of their portfolio SAN DIEGO, CA 48,94748.9k $1.1m $1.1m 0.72% New
66 SageView Advisory Group, LLC 0.06% of their portfolio Newport Beach, CA 48,02548.0k $1.1m $1.1m 0.06% Added +33.6k +33,606
67 CREATIVE FINANCIAL DESIGNS INC /ADV 0.13% of their portfolio KOKOMO, IN 47,53947.5k $1.1m $1.1m 0.13% New
68 WEDBUSH SECURITIES INC 0.05% of their portfolio PASADENA, CA 47,35047.4k $1.1m $1.1m 0.05% Added +36.4k +36,446
69 ARMSTRONG ADVISORY GROUP, INC 0.11% of their portfolio NEEDHAM, MA 45,19545.2k $1.0m $1.0m 0.11% Added +5.9k +5,856
70 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 44,12644.1k $1.0m $1.0m 0.01% Added +4.7k +4,691
71 SVB WEALTH LLC 0.02% of their portfolio BOSTON, MA 43,52743.5k $994.2k $994.2k 0.02% Reduced -73.0k -73,013
72 Hilltop Partners LLC 0.41% of their portfolio MISHAWAKA, IN 43,00343.0k $982.2k $982.2k 0.41% Reduced -477.5k -477,468
73 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 42,62242.6k $973.5k $973.5k 0.00% Added +13.5k +13,473
74 Revisor Wealth Management LLC 0.79% of their portfolio AKRON, OH 38,73338.7k $884.7k $884.7k 0.79% Added +5.5k +5,544
75 Edmonds Duncan Registered Investment Advisors, LLC 0.23% of their portfolio LAWRENCE, KS 33,44933.4k $764.0k $764.0k 0.23% Added +1.4k +1,370
76 Optas, LLC 0.25% of their portfolio DRIPPING SPRINGS, TX 33,37233.4k $762.2k $762.2k 0.25% Reduced -182.8k -182,785
77 Inscription Capital, LLC 0.23% of their portfolio HOUSTON, TX 31,97732.0k $730.4k $730.4k 0.23% Reduced -32.4k -32,447
78 Trilogy Capital Inc. 0.05% of their portfolio IRVINE, CA 31,75831.8k $727.9k $727.9k 0.05% Added +8.1k +8,103
79 RFG Advisory, LLC 0.03% of their portfolio BIRMINGHAM, AL 31,25331.3k $713.8k $713.8k 0.03% Added +6.5k +6,517
80 USAdvisors Wealth Management, LLC 0.33% of their portfolio EDEN PRAIRIE, MN 30,43330.4k $690.0k $690.0k 0.33% Added +688 +688
81 GPS Wealth Strategies Group, LLC 0.13% of their portfolio CENTENNIAL, CO 30,24630.2k $690.8k $690.8k 0.13% Reduced -5.7k -5,708
82 IFP Advisors, Inc 0.02% of their portfolio TAMPA, FL 30,17630.2k $729.0k $729.0k 0.02% Added +27.2k +27,159
83 Veritable, L.P. 0.01% of their portfolio Newtown Square, PA 30,00030.0k $685.2k $685.2k 0.01% Unchanged
84 WealthPLAN Partners, LLC 0.10% of their portfolio OMAHA, NE 29,72929.7k $679.0k $679.0k 0.10% Reduced -1.6k -1,578
85 Collaborative Wealth Managment Inc. 0.37% of their portfolio LAKE MARY, FL 26,93326.9k $615.2k $615.2k 0.37% New
86 Ashton Thomas Private Wealth, LLC 0.05% of their portfolio SCOTTSDALE, AZ 26,07026.1k $595.4k $595.4k 0.05% Reduced -791 -791
87 Jackson Creek Investment Advisors LLC 0.24% of their portfolio CASTLE ROCK, CO 25,89125.9k $591.0k $591.0k 0.24% Added +361 +361
88 CWM, LLC 0.00% of their portfolio OMAHA, NE 25,66325.7k $586.0k $586.0k 0.00% Reduced -10.1k -10,087
89 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 24,80024.8k $566.4k $566.4k 0.01% Reduced -265 -265
90 Western Wealth Management, LLC 0.05% of their portfolio GOLDEN, CO 24,45724.5k $558.6k $558.6k 0.05% Added +1.6k +1,578
91 Tidal Investments LLC 0.02% of their portfolio Milwaukee, WI 23,60923.6k $539.0k $539.0k 0.02% New
92 Alaska Wealth Advisors, LLC 0.08% of their portfolio ANCHORAGE, AK 22,83622.8k $521.6k $521.6k 0.08% Added +5.6k +5,623
93 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 22,41522.4k $512.0k $512.0k 0.01% Added +2.9k +2,886
94 FirstPurpose Wealth LLC 0.21% of their portfolio OREM, UT 21,67921.7k $495.1k $495.1k 0.21% Added +12.7k +12,650
95 MA Private Wealth 0.11% of their portfolio SAN CARLOS, CA 20,95821.0k $478.7k $478.7k 0.11% Reduced -1 -1
96 Global Retirement Partners, LLC 0.02% of their portfolio San Rafael, CA 20,68120.7k $472.4k $472.4k 0.02% Added +16.8k +16,835
97 Simplicity Solutions, LLC 0.01% of their portfolio MINNEAPOLIS, MN 20,35320.4k $464.9k $464.9k 0.01% New
98 Strategic Blueprint, LLC 0.04% of their portfolio ATLANTA, GA 19,99120.0k $456.6k $456.6k 0.04% New
99 TRIAD FINANCIAL ADVISORS, INC. 0.18% of their portfolio GREENSBORO, NC 19,71519.7k $450.3k $450.3k 0.18% Added +61 +61
100 SMART Wealth LLC 0.33% of their portfolio Omaha, NE 19,26719.3k $440.1k $440.1k 0.33% Reduced -32.2k -32,162