Vault-13

SPDR SERIES TRUST SPHY

PORTFLI HIGH YLD · ETP · CUSIP 78468R606

274 institutional holders +64 vs Q3 2023
104,278,547104.3m shares reported held*
$2.4bnreported value*
76 new 104 added 59 reduced 25 sold out net bought ≈ $910.6m (+38.8m 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 ($8.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $23.43. Options: 7 managers hold calls ($658.9m notional), 0 hold puts (—).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 130Q4 22: 157Q1 23: 170Q2 23: 180Q3 23: 210Q4 23: 274274Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022130
Q4 2022157
Q1 2023170
Q2 2023180
Q3 2023210
Q4 2023274

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 23Q4 23: 180 bought or addedQ4 23: 84 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 202210250
Q1 202311158
Q2 202310069
Q3 202314357
Q4 202318084

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ1 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 0.00Q4 23 calls: $658.9mQ4 23 puts: $0Q4 23P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2023$527.4m$00.00
Q2 2023$352.6m$00.00
Q3 2023$344.9m$00.00
Q4 2023$658.9m$00.00

Biggest buyers

SEI INVESTMENTS CO New +18,082,541+18.1m
WELLS FARGO & COMPANY/MN Added +8,033,446+8.0m
BANK OF AMERICA CORP /DE/ Added +4,549,443+4.5m
MORGAN STANLEY Added +3,583,937+3.6m
1832 Asset Management L.P. New +2,274,104+2.3m
Kensington Asset Management, LLC New +2,224,800+2.2m
NEUBERGER BERMAN GROUP LLC Added +2,189,093+2.2m
Donoghue Forlines LLC New +1,214,790+1.2m
AMERIPRISE FINANCIAL INC Added +1,166,484+1.2m
Allspring Global Investments Holdings, LLC New +1,006,608+1.0m

Biggest sellers

JANE STREET GROUP, LLC Reduced -7,116,495-7.1m
Municipal Employees' Retirement System of Michigan Reduced -2,871,765-2.9m
State of New Jersey Common Pension Fund D Reduced -2,092,000-2.1m
DT Investment Partners, LLC Reduced -1,025,150-1.0m
SAM Advisors, LLC Sold out -537,297-537.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -494,742-494.7k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -296,917-296.9k
BANK OF MONTREAL /CAN/ Sold out -237,200-237.2k
ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP Reduced -214,400-214.4k
Redhawk Wealth Advisors, Inc. Sold out -181,444-181.4k

Biggest calls

JANE STREET GROUP, LLC Added $407.5m3.0m shares
CTC LLC Added $79.4m5.8k shares
Optiver Holding B.V. Added $64.8m473.6k shares
IMC-Chicago, LLC Added $51.1m373.1k shares
Maven Securities LTD Added $28.7m209.9k shares
JPMORGAN CHASE & CO Added $27.4m200.0k 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SEI INVESTMENTS CO 0.68% of their portfolio OAKS, PA 18,082,54118.1m $422.8m $422.8m 0.68% New
2 ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP 19.53% of their portfolio Altamonte Springs, FL 10,839,00010.8m $253.4m $253.4m 19.53% Reduced -214.4k -214,400
3 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 8,045,0168.0m $188.1m $188.1m 0.05% Added +8.0m +8,033,446
4 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 5,434,5765.4m $127.1m $127.1m 0.01% Added +3.6m +3,583,937
5 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 4,876,9964.9m $114.0m $114.0m 0.01% Added +4.5m +4,549,443
6 NEPC LLC 5.18% of their portfolio Boston, MA 3,999,6694.0m $93.5m $93.5m 5.18% Added +88.3k +88,323
7 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 3,637,4113.6m $85.0m $85.0m 0.03% Added +1.2m +1,166,484
8 Municipal Employees' Retirement System of Michigan 0.99% of their portfolio LANSING, MI 3,162,9963.2m $74.0m $74.0m 0.99% Reduced -2.9m -2,871,765
9 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 2,806,6072.8m $65.6m $65.6m 0.04% Added +74.3k +74,350
10 State of New Jersey Common Pension Fund D 0.22% of their portfolio TRENTON, NJ 2,800,0002.8m $65.5m $65.5m 0.22% Reduced -2.1m -2,092,000
11 NEUBERGER BERMAN GROUP LLC 0.05% of their portfolio NEW YORK, NY 2,398,3952.4m $56.1m $56.1m 0.05% Added +2.2m +2,189,093
12 1832 Asset Management L.P. 0.10% of their portfolio TORONTO, A6 2,274,1042.3m $53.2m $53.2m 0.10% New
13 Kensington Asset Management, LLC 2.71% of their portfolio AUSTIN, TX 2,224,8002.2m $52.0m $52.0m 2.71% New
14 Ocean Park Asset Management, LLC 2.31% of their portfolio SANTA MONICA, CA 2,014,0762.0m $47.1m $47.1m 2.31% Added +554.5k +554,476
15 Capital Analysts, LLC 2.07% of their portfolio FORT WASHINGTON, PA 1,755,9891.8m $41.1m $41.1m 2.07% Added +41.8k +41,750
16 Atlas Private Wealth Advisors 6.53% of their portfolio RED BANK, NJ 1,503,2641.5m $35.1m $35.1m 6.53% Added +426.4k +426,440
17 Donoghue Forlines LLC 8.90% of their portfolio Boston, MA 1,214,7901.2m $28.4m $28.4m 8.90% New
18 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,202,9271.2m $28.1m $28.1m 0.01% Added +641.0k +641,004
19 Allspring Global Investments Holdings, LLC 0.04% of their portfolio CHARLOTTE, NC 1,006,6081.0m $23.5m $23.5m 0.04% New
20 CWM, LLC 0.12% of their portfolio OMAHA, NE 947,584947.6k $22.2m $22.2m 0.12% Added +484.8k +484,801
21 GREAT VALLEY ADVISOR GROUP, INC. 0.70% of their portfolio WILMINGTON, DE 858,216858.2k $20.1m $20.1m 0.70% New
22 Syntegra Private Wealth Group, LLC 2.49% of their portfolio Chesterfield, MO 754,681754.7k $17.6m $17.6m 2.49% Reduced -13.8k -13,784
23 Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio FAIRFIELD, IA 724,989725.0k $16.9m $16.9m 0.07% Reduced -72.8k -72,807
24 Kohmann Bosshard Financial Services, LLC 2.51% of their portfolio FAIRLAWN, OH 704,974705.0k $16.5m $16.5m 2.51% Added +38.5k +38,521
25 CORNERSTONE ENTERPRISES, LLC 14.38% of their portfolio APPLETON, WI 689,173689.2k $16.1m $16.1m 14.38% First filing
26 Hilltop Partners LLC 6.07% of their portfolio MISHAWAKA, IN 659,139659.1k $15.4m $15.4m 6.07% Added +148.5k +148,528
27 One Capital Management, LLC 0.60% of their portfolio WESTLAKE VILLAGE, CA 644,309644.3k $15.1m $15.1m 0.60% Reduced -48.9k -48,861
28 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 623,036623.0k $14.6m $14.6m 0.03% Reduced -41.9k -41,888
29 BENJAMIN F. EDWARDS & COMPANY, INC. 0.27% of their portfolio ST. LOUIS, MO 581,103581.1k $13.6m $13.6m 0.27% Added +34.7k +34,695
30 VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ATLANTA, GA 569,187569.2k $13.3m $13.3m 0.01% New
31 Cetera Advisor Networks LLC 0.07% of their portfolio EL SEGUNDO, CA 524,494524.5k $12.3m $12.3m 0.07% Reduced -36.2k -36,250
32 CAPITAL ADVISORS INC/OK 0.26% of their portfolio TULSA, OK 493,056493.1k $11.5m $11.5m 0.26% Reduced -20.3k -20,256
33 Bensler, LLC 1.85% of their portfolio Bellevue, WA 477,273477.3k $11.2m $11.2m 1.85% Added +109.9k +109,924
34 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 463,177463.2k $10.8m $10.8m 0.02% Added +440.3k +440,314
35 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 447,243447.2k $10.5m $10.5m 0.02% Added +1.7k +1,703
36 BOKF, NA 0.20% of their portfolio TULSA, OK 446,619446.6k $10.4m $10.4m 0.20% New
37 NewSquare Capital LLC 0.94% of their portfolio NEWTOWN SQUARE, PA 421,610421.6k $9.9m $9.9m 0.94% Reduced -2.4k -2,444
38 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 413,848413.8k $9.7m $9.7m 0.04% Reduced -42.1k -42,125
39 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.03% of their portfolio Los Angeles, CA 400,000400.0k $9.4m $9.4m 0.03% New
40 Vestmark Advisory Solutions, Inc. 0.46% of their portfolio Wakefield, MA 389,682389.7k $9.1m $9.1m 0.46% New
41 HART & PATTERSON FINANCIAL GROUP LLC 4.61% of their portfolio AMHERST, MA 379,688379.7k $8.9m $8.9m 4.61% First filing
42 AE Wealth Management LLC 0.04% of their portfolio TOPEKA, KS 313,859313.9k $7.4m $7.4m 0.04% Added +160.8k +160,833
43 ProVise Management Group, LLC 0.61% of their portfolio CLEARWATER, FL 307,213307.2k $7.2m $7.2m 0.61% Reduced -3.7k -3,734
44 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 306,000306.0k $7.2m $7.2m 0.00% New
45 Asset Allocation & Management Company, LLC 4.61% of their portfolio CHICAGO, IL 294,400294.4k $6.9m $6.9m 4.61% New
46 Stadion Money Management, LLC 0.43% of their portfolio WATKINSVILLE, GA 277,629277.6k $6.5m $6.5m 0.43% Added +13.6k +13,590
47 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 274,100274.1k $6.4m $6.4m 0.01% Added +211.2k +211,200
48 Winthrop Capital Management, LLC 2.06% of their portfolio Carmel, IN 269,322269.3k $6.3m $6.3m 2.06% First filing
49 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 257,206257.2k $6.0m $6.0m 0.01% Reduced -13.9k -13,871
50 Crestmont Private Wealth LLC 3.04% of their portfolio HOUSTON, TX 255,612255.6k $6.0m $6.0m 3.04% New
51 AIRE ADVISORS, LLC 1.47% of their portfolio BEVERLY HILLS, CA 254,286254.3k $5.9m $5.9m 1.47% Reduced -19.3k -19,255
52 Advisory Alpha, LLC 0.26% of their portfolio HOLLAND, MI 247,225247.2k $5.8m $5.8m 0.26% Added +238.2k +238,193
53 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 243,018243.0k $5.7m $5.7m 0.00% Added +138.5k +138,465
54 Strategic Financial Planning, Inc. 4.43% of their portfolio PLANO, TX 242,573242.6k $5.7m $5.7m 4.43% Added +17.1k +17,149
55 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 237,196237.2k $5.5m $5.5m 0.01% Reduced -296.9k -296,917
56 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 234,949234.9k $5.5m $5.5m 0.00% New
57 Equitable Holdings, Inc. 0.07% of their portfolio NEW YORK, NY 231,768231.8k $5.4m $5.4m 0.07% Added +140.7k +140,741
58 Avior Wealth Management, LLC 0.32% of their portfolio OMAHA, NE 222,415222.4k $5.2m $5.2m 0.32% Added +205.0k +204,959
59 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 214,390214.4k $5.0m $5.0m 0.01% Reduced -2.3k -2,255
60 TRUSTMARK BANK TRUST DEPARTMENT 0.45% of their portfolio JACKSON, MS 210,000210.0k $4.9m $4.9m 0.45% New
61 Horizon Investments, LLC 0.12% of their portfolio Charlotte, NC 190,847190.8k $4.5m $4.5m 0.12% New
62 Financial Architects, LLC 3.10% of their portfolio WOODSTOCK, GA 168,530168.5k $3.9m $3.9m 3.10% First filing
63 SageView Advisory Group, LLC 0.16% of their portfolio Newport Beach, CA 156,677156.7k $3.7m $3.7m 0.16% New
64 Atria Wealth Solutions, Inc. 0.04% of their portfolio NEW YORK, NY 151,861151.9k $3.6m $3.6m 0.04% Added +3.7k +3,664
65 DFPG INVESTMENTS, LLC 0.27% of their portfolio SANDY, UT 151,061151.1k $3.5m $3.5m 0.27% Added +18.0k +18,004
66 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 149,148149.1k $3.5m $3.5m 0.03% Added +27.1k +27,121
67 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 145,401145.4k $3.4m $3.4m 0.00% Reduced -6.4k -6,421
68 Farther Finance Advisors, LLC 0.24% of their portfolio SAN FRANCISCO, CA 143,736143.7k $3.4m $3.4m 0.24% Added +90.0k +90,044
69 CAHILL FINANCIAL ADVISORS INC 0.48% of their portfolio EDINA, MN 138,667138.7k $3.2m $3.2m 0.48% Added +77.1k +77,063
70 UBS Group AG 0.00% of their portfolio ZURICH, V8 135,823135.8k $3.2m $3.2m 0.00% Added +128.6k +128,604
71 FLC Capital Advisors 0.84% of their portfolio PALM DESERT, CA 133,308133.3k $3.1m $3.1m 0.84% New
72 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 125,858125.9k $2.9m $2.9m 0.00% Added +9.5k +9,527
73 Horizon Investment Services, LLC 1.52% of their portfolio HAMMOND, IN 120,283120.3k $2.8m $2.8m 1.52% Added +14.8k +14,757
74 MCF Advisors LLC 0.22% of their portfolio LEXINGTON, KY 117,713117.7k $2.8m $2.8m 0.22% Reduced -54.4k -54,447
75 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 117,245117.2k $2.7m $2.7m 0.00% New
76 McNaughton Wealth Management, LLC 1.60% of their portfolio SAN DIEGO, CA 115,379115.4k $2.7m $2.7m 1.60% Added +5.6k +5,627
77 Cetera Advisors LLC 0.04% of their portfolio DENVER, CO 113,021113.0k $2.6m $2.6m 0.04% Added +35.9k +35,931
78 RFG Advisory, LLC 0.10% of their portfolio BIRMINGHAM, AL 112,104112.1k $2.6m $2.6m 0.10% Added +46.1k +46,150
79 Cynosure Group, LLC 0.47% of their portfolio Salt Lake City, UT 111,583111.6k $2.6m $2.6m 0.47% Reduced -47.5k -47,450
80 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 109,251109.3k $2.6m $2.6m 0.00% Added +93.3k +93,300
81 ARVEST INVESTMENTS, INC. 0.41% of their portfolio LOWELL, AR 108,549108.5k $2.5m $2.5m 0.41% First filing
82 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 108,548108.5k $2.5m $2.5m 0.02% Added +58.6k +58,553
83 APPLETON PARTNERS INC/MA 0.20% of their portfolio BOSTON, MA 105,422105.4k $2.5m $2.5m 0.20% Not comparable
84 Iowa State Bank 0.58% of their portfolio URBANDALE, IA 103,603103.6k $2.4m $2.4m 0.58% Added +5.7k +5,700
85 HF Advisory Group, LLC 1.54% of their portfolio Annapolis, MD 103,469103.5k $2.4m $2.4m 1.54% Added +1.5k +1,510
86 Constant Guidance Financial LLC 2.39% of their portfolio ATTLEBORO FALLS, MA 100,164100.2k $2.3m $2.3m 2.39% New
87 Mariner, LLC 0.01% of their portfolio Overland Park, KS 99,30699.3k $2.3m $2.3m 0.01% Added +13.8k +13,826
88 STOCK YARDS BANK & TRUST CO 0.08% of their portfolio LOUISVILLE, KY 99,22099.2k $2.3m $2.3m 0.08% New
89 Impact Partnership Wealth, LLC 0.83% of their portfolio MARIETTA, GA 97,68597.7k $2.3m $2.3m 0.83% Added +97.3k +97,292
90 Sterneck Capital Management, LLC 1.40% of their portfolio KANSAS CITY, MO 93,93693.9k $2.2m $2.2m 1.40% New
91 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 92,93592.9k $2.2m $2.2m 0.00% Reduced -630 -630
92 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 91,78791.8k $2.1m $2.1m 0.00% Added +7.2k +7,236
93 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 87,43087.4k $2.0m $2.0m 0.01% New
94 Revisor Wealth Management LLC 2.31% of their portfolio AKRON, OH 85,68585.7k $2.0m $2.0m 2.31% Added +5.4k +5,412
95 Leading Edge Financial Planning LLC 1.01% of their portfolio KNOXVILLE, TN 83,09483.1k $1.9m $1.9m 1.01% Added +60.6k +60,621
96 Nikulski Financial, Inc. 0.70% of their portfolio BETTENDORF, IA 81,47581.5k $1.9m $1.9m 0.70% Added +2.4k +2,350
97 Sunesis Advisors, LLC 1.15% of their portfolio OVERLAND PARK, KS 81,03981.0k $1.9m $1.9m 1.15% New
98 FLAGSHIP HARBOR ADVISORS, LLC 0.14% of their portfolio BOSTON, MA 80,63780.6k $1.9m $1.9m 0.14% Reduced -167 -167
99 Waterloo Capital, L.P. 0.30% of their portfolio AUSTIN, TX 80,46780.5k $1.9m $1.9m 0.30% Reduced -52.0k -51,958
100 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 80,00080.0k $1.9m $1.9m 0.00% Reduced -5.0k -5,000