Vault-13

SPDR SERIES TRUST SPHY

PORTFLI HIGH YLD · ETP · CUSIP 78468R606

210 institutional holders +30 vs Q2 2023
64,023,37164.0m shares reported held*
$1.4bnreported value*
44 new 99 added 40 reduced 17 sold out net bought ≈ $884.4m (+39.4m 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 ($240.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $22.44. Options: 8 managers hold calls ($344.9m notional), 0 hold puts (—).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 130Q4 22: 157Q1 23: 170Q2 23: 180Q3 23: 210210Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022130
Q4 2022157
Q1 2023170
Q2 2023180
Q3 2023210

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 23Q3 23: 143 bought or addedQ3 23: 57 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 202210250
Q1 202311158
Q2 202310069
Q3 202314357

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ4 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 0.00Q3 23 calls: $344.9mQ3 23 puts: $0Q3 23P/C 0.00
Numbers
QuarterCallsPutsP/C
Q4 2022$701.9m$00.00
Q1 2023$527.4m$00.00
Q2 2023$352.6m$00.00
Q3 2023$344.9m$00.00

Biggest buyers

ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP New +11,053,400+11.1m
JANE STREET GROUP, LLC Added +6,983,811+7.0m
State of New Jersey Common Pension Fund D New +4,892,000+4.9m
NEPC LLC New +3,911,346+3.9m
Capital Analysts, LLC New +1,714,239+1.7m
AMERIPRISE FINANCIAL INC Added +1,498,074+1.5m
Ocean Park Asset Management, LLC New +1,459,600+1.5m
MORGAN STANLEY Added +1,400,896+1.4m
Atlas Private Wealth Advisors Added +965,871+965.9k
One Capital Management, LLC New +693,170+693.2k

Biggest sellers

Municipal Employees' Retirement System of Michigan Reduced -661,667-661.7k
CAPITAL ADVISORS INC/OK Reduced -541,034-541.0k
Cetera Investment Advisers Sold out -213,145-213.1k
Stadion Money Management, LLC Reduced -175,375-175.4k
ENVESTNET ASSET MANAGEMENT INC Reduced -151,320-151.3k
FLOW TRADERS U.S. LLC Reduced -116,954-117.0k
Mid-American Wealth Advisory Group, Inc. Reduced -100,194-100.2k
CoreCap Advisors, LLC Sold out -87,555-87.6k
AE Wealth Management LLC Reduced -74,995-75.0k
JACOBSON & SCHMITT ADVISORS, LLC Sold out -71,492-71.5k

Biggest calls

JANE STREET GROUP, LLC Added $157.7m1.1m shares
CTC LLC Added $67.6m4.6k shares
IMC-Chicago, LLC Reduced $49.1m332.1k shares
Optiver Holding B.V. Reduced $46.0m310.8k shares
JPMORGAN CHASE & CO Reduced $18.5m125.0k shares
Maven Securities LTD Added $5.8m39.0k shares
Genoa Capital Gestora de Recursos Ltda. Reduced $262.5k1.5k 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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP 13.91% of their portfolio Altamonte Springs, FL 11,053,40011.1m $247.8m $247.8m 13.91% New
2 JANE STREET GROUP, LLC 0.25% of their portfolio NEW YORK, NY 7,166,4957.2m $160.7m $160.7m 0.25% Added +7.0m +6,983,811
3 Municipal Employees' Retirement System of Michigan 1.88% of their portfolio LANSING, MI 6,034,7616.0m $135.3m $135.3m 1.88% Reduced -661.7k -661,667
4 State of New Jersey Common Pension Fund D 0.40% of their portfolio TRENTON, NJ 4,892,0004.9m $109.7m $109.7m 0.40% New
5 NEPC LLC 5.61% of their portfolio Boston, MA 3,911,3463.9m $87.7m $87.7m 5.61% New
6 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 2,732,2572.7m $61.3m $61.3m 0.04% Added +265.8k +265,797
7 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 2,470,9272.5m $55.5m $55.5m 0.02% Added +1.5m +1,498,074
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,850,6391.9m $41.5m $41.5m 0.00% Added +1.4m +1,400,896
9 Capital Analysts, LLC 2.14% of their portfolio FORT WASHINGTON, PA 1,714,2391.7m $38.4m $38.4m 2.14% New
10 Ocean Park Asset Management, LLC 1.46% of their portfolio SANTA MONICA, CA 1,459,6001.5m $32.7m $32.7m 1.46% New
11 DT Investment Partners, LLC 2.97% of their portfolio CHADDS FORD, PA 1,092,0661.1m $24.5m $24.5m 2.97% Added +22.4k +22,434
12 Atlas Private Wealth Advisors 4.56% of their portfolio RED BANK, NJ 1,076,8241.1m $24.1m $24.1m 4.56% Added +965.9k +965,871
13 Cambridge Investment Research Advisors, Inc. 0.08% of their portfolio FAIRFIELD, IA 797,796797.8k $17.9m $17.9m 0.08% Added +310.2k +310,242
14 Syntegra Private Wealth Group, LLC 2.71% of their portfolio Chesterfield, MO 768,465768.5k $17.2m $17.2m 2.71% Added +61.9k +61,882
15 One Capital Management, LLC 0.69% of their portfolio WESTLAKE VILLAGE, CA 693,170693.2k $15.5m $15.5m 0.69% New
16 Kohmann Bosshard Financial Services, LLC 2.57% of their portfolio FAIRLAWN, OH 666,453666.5k $14.9m $14.9m 2.57% Added +28.0k +27,999
17 Thrivent Financial for Lutherans 0.04% of their portfolio Minneapolis, MN 664,924664.9k $14.9m $14.9m 0.04% Added +532.3k +532,317
18 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 561,923561.9k $12.6m $12.6m 0.01% Reduced -151.3k -151,320
19 Cetera Advisor Networks LLC 0.08% of their portfolio EL SEGUNDO, CA 560,744560.7k $12.6m $12.6m 0.08% Added +505.1k +505,138
20 BENJAMIN F. EDWARDS & COMPANY, INC. 0.47% of their portfolio ST. LOUIS, MO 546,408546.4k $12.3m $12.3m 0.47% Added +18.8k +18,775
21 SAM Advisors, LLC 5.23% of their portfolio OAKHURST, CA 537,297537.3k $12.0m $12.0m 5.23% Reduced -2.2k -2,176
22 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 534,113534.1k $12.0m $12.0m 0.02% Added +376.0k +375,963
23 CAPITAL ADVISORS INC/OK 0.30% of their portfolio TULSA, OK 513,312513.3k $11.5m $11.5m 0.30% Reduced -541.0k -541,034
24 Hilltop Partners LLC 4.82% of their portfolio MISHAWAKA, IN 510,611510.6k $11.4m $11.4m 4.82% Added +467.6k +467,608
25 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 494,742494.7k $11.1m $11.1m 0.02% New
26 CWM, LLC 0.06% of their portfolio OMAHA, NE 462,783462.8k $10.4m $10.4m 0.06% Added +437.1k +437,120
27 MML INVESTORS SERVICES, LLC 0.06% of their portfolio SPRINGFIELD, MA 455,973456.0k $10.2m $10.2m 0.06% Added +325.0k +325,003
28 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 445,540445.5k $10.0m $10.0m 0.01% Added +298.9k +298,949
29 NewSquare Capital LLC 1.00% of their portfolio NEWTOWN SQUARE, PA 424,054424.1k $9.5m $9.5m 1.00% Reduced -3.5k -3,481
30 Bensler, LLC 1.59% of their portfolio Bellevue, WA 367,349367.3k $8.2m $8.2m 1.59% Added +200.6k +200,603
31 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 327,553327.6k $7.3m $7.3m 0.00% Added +68.9k +68,941
32 ProVise Management Group, LLC 0.65% of their portfolio CLEARWATER, FL 310,947310.9k $7.0m $7.0m 0.65% Added +81.1k +81,064
33 AIRE ADVISORS, LLC 1.64% of their portfolio BEVERLY HILLS, CA 273,541273.5k $6.1m $6.1m 1.64% Added +6.5k +6,458
34 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 271,077271.1k $6.1m $6.1m 0.01% Added +149.3k +149,318
35 Stadion Money Management, LLC 0.49% of their portfolio WATKINSVILLE, GA 264,039264.0k $5.9m $5.9m 0.49% Reduced -175.4k -175,375
36 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 237,200237.2k $5.4m $5.4m 0.00% New
37 Strategic Financial Planning, Inc. 4.65% of their portfolio PLANO, TX 225,424225.4k $5.1m $5.1m 4.65% Added +11.6k +11,559
38 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 216,645216.6k $4.9m $4.9m 0.01% Added +211.6k +211,561
39 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 209,302209.3k $4.7m $4.7m 0.00% Added +60.0k +59,993
40 Redhawk Wealth Advisors, Inc. 1.35% of their portfolio MINNEAPOLIS, MN 181,444181.4k $4.1m $4.1m 1.35% New
41 MCF Advisors LLC 0.35% of their portfolio LEXINGTON, KY 172,160172.2k $3.9m $3.9m 0.35% Added +40.7k +40,680
42 Optas, LLC 1.22% of their portfolio DRIPPING SPRINGS, TX 163,125163.1k $3.7m $3.7m 1.22% Added +129.8k +129,753
43 Shilanski & Associates, Inc. 1.49% of their portfolio ANCHORAGE, AK 162,487162.5k $3.6m $3.6m 1.49% New
44 Cynosure Group, LLC 1.09% of their portfolio Salt Lake City, UT 159,033159.0k $3.6m $3.6m 1.09% Added +41.5k +41,490
45 McIlrath & Eck, LLC 0.70% of their portfolio ARLINGTON, WA 154,252154.3k $3.5m $3.5m 0.70% Added +153.9k +153,945
46 AE Wealth Management LLC 0.02% of their portfolio TOPEKA, KS 153,026153.0k $3.4m $3.4m 0.02% Reduced -75.0k -74,995
47 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 151,822151.8k $3.4m $3.4m 0.00% Reduced -3.9k -3,933
48 Atria Wealth Solutions, Inc. 0.05% of their portfolio NEW YORK, NY 148,197148.2k $3.3m $3.3m 0.05% Added +34.0k +34,025
49 Atria Investments, Inc 0.06% of their portfolio Charlotte, NC 141,362141.4k $3.2m $3.2m 0.06% New
50 DFPG INVESTMENTS, LLC 0.28% of their portfolio SANDY, UT 133,057133.1k $3.0m $3.0m 0.28% Added +79.4k +79,412
51 Waterloo Capital, L.P. 0.87% of their portfolio AUSTIN, TX 132,425132.4k $3.0m $3.0m 0.87% New
52 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 122,027122.0k $2.7m $2.7m 0.02% Added +1.5k +1,452
53 OneAscent Financial Services LLC 0.70% of their portfolio BIRMINGHAM, AL 119,238119.2k $2.7m $2.7m 0.70% New
54 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 116,331116.3k $2.6m $2.6m 0.00% Added +5.5k +5,538
55 Stonebridge Financial Planning Group, LLC 1.61% of their portfolio ORLANDO, FL 112,228112.2k $2.5m $2.5m 1.61% Reduced -5.7k -5,705
56 McNaughton Wealth Management, LLC 1.64% of their portfolio SAN DIEGO, CA 109,752109.8k $2.5m $2.5m 1.64% Added +60.8k +60,805
57 Horizon Investment Services, LLC 1.42% of their portfolio HAMMOND, IN 105,526105.5k $2.4m $2.4m 1.42% Reduced -19.2k -19,216
58 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 104,553104.6k $2.3m $2.3m 0.00% Added +9.2k +9,235
59 HF Advisory Group, LLC 1.70% of their portfolio Annapolis, MD 101,959102.0k $2.3m $2.3m 1.70% Added +7.3k +7,304
60 Jefferies Financial Group Inc. 0.06% of their portfolio NEW YORK, NY 99,80099.8k $2.2m $2.2m 0.06% Reduced -43.9k -43,874
61 Iowa State Bank 0.57% of their portfolio URBANDALE, IA 97,90397.9k $2.2m $2.2m 0.57% Added +5.6k +5,600
62 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 93,56593.6k $2.1m $2.1m 0.00% Added +40.8k +40,789
63 Equitable Holdings, Inc. 0.03% of their portfolio NEW YORK, NY 91,02791.0k $2.0m $2.0m 0.03% Reduced -2.8k -2,818
64 Mariner, LLC 0.01% of their portfolio Overland Park, KS 85,48085.5k $1.9m $1.9m 0.01% Added +14.9k +14,887
65 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 85,00085.0k $1.9m $1.9m 0.00% Reduced -4.5k -4,500
66 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 84,55184.6k $1.9m $1.9m 0.00% Added +29.1k +29,140
67 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 81,21981.2k $1.8m $1.8m 0.00% New
68 FLAGSHIP HARBOR ADVISORS, LLC 0.15% of their portfolio BOSTON, MA 80,80480.8k $1.8m $1.8m 0.15% Added +4.1k +4,111
69 Revisor Wealth Management LLC 1.53% of their portfolio AKRON, OH 80,27380.3k $1.8m $1.8m 1.53% Added +41.5k +41,540
70 Nikulski Financial, Inc. 0.73% of their portfolio BETTENDORF, IA 79,12579.1k $1.8m $1.8m 0.73% Added +1.9k +1,910
71 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 77,22277.2k $1.7m $1.7m 0.00% Added +34.6k +34,600
72 Cetera Advisors LLC 0.03% of their portfolio DENVER, CO 77,09077.1k $1.7m $1.7m 0.03% Reduced -5.6k -5,553
73 SHEETS SMITH WEALTH MANAGEMENT 0.25% of their portfolio WINSTON-SALEM, NC 74,31874.3k $1.7m $1.7m 0.25% Added +1.2k +1,241
74 SageView Advisory Group, LLC 0.09% of their portfolio Newport Beach, CA 66,32266.3k $1.5m $1.5m 0.09% Added +18.3k +18,297
75 RFG Advisory, LLC 0.07% of their portfolio BIRMINGHAM, AL 65,95466.0k $1.5m $1.5m 0.07% Added +34.7k +34,701
76 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 62,90062.9k $1.4m $1.4m 0.00% Reduced -22.3k -22,300
77 FOSTER & MOTLEY INC 0.12% of their portfolio CINCINNATI, OH 62,56762.6k $1.4m $1.4m 0.12% Added +12.0k +12,022
78 CAHILL FINANCIAL ADVISORS INC 0.23% of their portfolio EDINA, MN 61,60461.6k $1.4m $1.4m 0.23% Added +1.1k +1,056
79 FirstPurpose Wealth LLC 0.55% of their portfolio OREM, UT 56,98057.0k $1.3m $1.3m 0.55% Added +35.3k +35,301
80 WCG Wealth Advisors LLC 0.09% of their portfolio LAS VEGAS, NV 55,19455.2k $1.3m $1.3m 0.09% Added +457 +457
81 Global Retirement Partners, LLC 0.06% of their portfolio San Rafael, CA 54,77054.8k $1.2m $1.2m 0.06% Added +34.1k +34,089
82 CENTAURUS FINANCIAL, INC. 0.11% of their portfolio ANAHEIM, CA 54,59554.6k $1.2m $1.2m 0.11% Added +4.2k +4,194
83 Keystone Wealth Services, LLC 0.46% of their portfolio PALM DESERT, CA 54,44854.4k $1.2m $1.2m 0.46% Added +2.4k +2,388
84 Farther Finance Advisors, LLC 0.19% of their portfolio SAN FRANCISCO, CA 53,69253.7k $1.2m $1.2m 0.19% New
85 ARMSTRONG ADVISORY GROUP, INC 0.12% of their portfolio NEEDHAM, MA 50,11950.1k $1.1m $1.1m 0.12% Added +4.9k +4,924
86 Employees Retirement System of Texas 0.02% of their portfolio AUSTIN, TX 50,00050.0k $1.1m $1.1m 0.02% New
87 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 49,99550.0k $1.1m $1.1m 0.01% Added +5.9k +5,869
88 CREATIVE FINANCIAL DESIGNS INC /ADV 0.12% of their portfolio KOKOMO, IN 47,60047.6k $1.1m $1.1m 0.12% Added +61 +61
89 WEDBUSH SECURITIES INC 0.05% of their portfolio PASADENA, CA 47,34347.3k $1.1m $1.1m 0.05% Reduced -7 -7
90 Delta Investment Management, LLC 0.28% of their portfolio SAN FRANCISCO, CA 45,37945.4k $1.0m $1.0m 0.28% New
91 Trilogy Capital Inc. 0.05% of their portfolio IRVINE, CA 35,62135.6k $798.6k $798.6k 0.05% Added +3.9k +3,863
92 Trivium Point Advisory, LLC 0.21% of their portfolio WILTON, CT 35,07435.1k $769.5k $769.5k 0.21% New
93 Collaborative Wealth Managment Inc. 0.47% of their portfolio LAKE MARY, FL 34,98035.0k $784.3k $784.3k 0.47% Added +8.0k +8,047
94 Inscription Capital, LLC 0.24% of their portfolio HOUSTON, TX 32,87432.9k $737.0k $737.0k 0.24% Added +897 +897
95 SVB WEALTH LLC 0.02% of their portfolio BOSTON, MA 32,24932.2k $723.0k $723.0k 0.02% Reduced -11.3k -11,278
96 PATHSTONE FAMILY OFFICE, LLC 0.01% of their portfolio ENGLEWOOD, NJ 30,00030.0k $672.6k $672.6k 0.01% New
97 USAdvisors Wealth Management, LLC 0.30% of their portfolio EDEN PRAIRIE, MN 29,96430.0k $671.0k $671.0k 0.30% Reduced -469 -469
98 GPS Wealth Strategies Group, LLC 0.12% of their portfolio CENTENNIAL, CO 28,95329.0k $649.1k $649.1k 0.12% Reduced -1.3k -1,293
99 Simplicity Solutions, LLC 0.02% of their portfolio MINNEAPOLIS, MN 28,58828.6k $640.9k $640.9k 0.02% Added +8.2k +8,235
100 WealthPLAN Partners, LLC 0.07% of their portfolio OMAHA, NE 28,35828.4k $635.8k $635.8k 0.07% Reduced -1.4k -1,371