Vault-13

SPDR SERIES TRUST SPHY

PORTFLI HIGH YLD · ETP · CUSIP 78468R606

307 institutional holders +33 vs Q4 2023
124,808,043124.8m shares reported held*
$2.9bnreported value*
64 new 129 added 78 reduced 32 sold out net bought ≈ $462.3m (+19.9m 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 ($7.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $23.45. Options: 5 managers hold calls ($560.1m notional), 0 hold puts (—).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 130Q4 22: 157Q1 23: 170Q2 23: 180Q3 23: 210Q4 23: 274Q1 24: 307307Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022130
Q4 2022157
Q1 2023170
Q2 2023180
Q3 2023210
Q4 2023274
Q1 2024307

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 23Q1 24: 193 bought or addedQ1 24: 110 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 202210250
Q1 202311158
Q2 202310069
Q3 202314357
Q4 202318084
Q1 2024193110

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ2 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 0.00Q1 24 calls: $560.1mQ1 24 puts: $0Q1 24P/C 0.00
Numbers
QuarterCallsPutsP/C
Q2 2023$352.6m$00.00
Q3 2023$344.9m$00.00
Q4 2023$658.9m$00.00
Q1 2024$560.1m$00.00

Biggest buyers

NEUBERGER BERMAN GROUP LLC Added +7,977,243+8.0m
MORGAN STANLEY Added +3,291,398+3.3m
State of New Jersey Common Pension Fund D Added +3,140,000+3.1m
Advisory Alpha, LLC Added +2,568,757+2.6m
AMERIPRISE FINANCIAL INC Added +1,969,122+2.0m
US BANCORP \DE\ Added +1,735,553+1.7m
WILBANKS SMITH & THOMAS ASSET MANAGEMENT LLC New +1,422,012+1.4m
Jefferies Financial Group Inc. New +1,196,282+1.2m
Ocean Park Asset Management, LLC Added +1,024,228+1.0m
Cetera Investment Advisers Added +1,013,240+1.0m

Biggest sellers

SEI INVESTMENTS CO Reduced -3,905,298-3.9m
BANK OF AMERICA CORP /DE/ Reduced -3,712,398-3.7m
Municipal Employees' Retirement System of Michigan Reduced -921,286-921.3k
NEPC LLC Reduced -730,724-730.7k
Atlas Private Wealth Advisors Reduced -675,619-675.6k
Cetera Advisor Networks LLC Sold out -524,494-524.5k
CAPITAL ADVISORS INC/OK Sold out -493,056-493.1k
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Sold out -400,000-400.0k
Vestmark Advisory Solutions, Inc. Sold out -389,682-389.7k
Thrivent Financial for Lutherans Reduced -198,572-198.6k

Biggest calls

JANE STREET GROUP, LLC Reduced $392.0m2.5m shares
Optiver Holding B.V. Added $99.7m643.2k shares
IMC-Chicago, LLC Reduced $45.8m295.5k shares
GARDA CAPITAL PARTNERS LP New $22.7m146.3k 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, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SEI INVESTMENTS CO 0.49% of their portfolio OAKS, PA 14,177,24314.2m $332.6m $332.6m 0.49% Reduced -3.9m -3,905,298
2 ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP 15.08% of their portfolio Altamonte Springs, FL 11,043,20011.0m $259.1m $259.1m 15.08% Added +204.2k +204,200
3 NEUBERGER BERMAN GROUP LLC 0.20% of their portfolio NEW YORK, NY 10,375,63810.4m $243.4m $243.4m 0.20% Added +8.0m +7,977,243
4 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 8,725,9748.7m $204.7m $204.7m 0.01% Added +3.3m +3,291,398
5 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 8,024,3388.0m $188.3m $188.3m 0.05% Reduced -20.7k -20,678
6 State of New Jersey Common Pension Fund D 0.42% of their portfolio TRENTON, NJ 5,940,0005.9m $139.4m $139.4m 0.42% Added +3.1m +3,140,000
7 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 5,606,5335.6m $131.5m $131.5m 0.04% Added +2.0m +1,969,122
8 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 3,371,2543.4m $79.1m $79.1m 0.04% Added +564.6k +564,647
9 NEPC LLC 2.64% of their portfolio Boston, MA 3,268,9453.3m $76.7m $76.7m 2.64% Reduced -730.7k -730,724
10 Ocean Park Asset Management, LLC 3.36% of their portfolio SANTA MONICA, CA 3,038,3043.0m $71.3m $71.3m 3.36% Added +1.0m +1,024,228
11 Advisory Alpha, LLC 2.71% of their portfolio HOLLAND, MI 2,815,9822.8m $66.1m $66.1m 2.71% Added +2.6m +2,568,757
12 Kensington Asset Management, LLC 2.76% of their portfolio AUSTIN, TX 2,356,4002.4m $55.3m $55.3m 2.76% Added +131.6k +131,600
13 1832 Asset Management L.P. 0.10% of their portfolio TORONTO, A6 2,244,4882.2m $52.7m $52.7m 0.10% Reduced -29.6k -29,616
14 Municipal Employees' Retirement System of Michigan 0.68% of their portfolio LANSING, MI 2,241,7102.2m $52.6m $52.6m 0.68% Reduced -921.3k -921,286
15 US BANCORP \DE\ 0.06% of their portfolio MINNEAPOLIS, MN 1,949,9431.9m $45.7m $45.7m 0.06% Added +1.7m +1,735,553
16 Capital Analysts, LLC 1.98% of their portfolio FORT WASHINGTON, PA 1,809,4981.8m $42.5m $42.5m 1.98% Added +53.5k +53,509
17 WILBANKS SMITH & THOMAS ASSET MANAGEMENT LLC 0.93% of their portfolio NORFOLK, VA 1,422,0121.4m $33.4m $33.4m 0.93% New
18 Allspring Global Investments Holdings, LLC 0.05% of their portfolio CHARLOTTE, NC 1,345,9141.3m $31.6m $31.6m 0.05% Added +339.3k +339,306
19 Donoghue Forlines LLC 8.85% of their portfolio Boston, MA 1,323,9311.3m $31.1m $31.1m 8.85% Added +109.1k +109,141
20 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,311,5721.3m $30.8m $30.8m 0.01% Added +108.6k +108,645
21 BOKF, NA 0.52% of their portfolio TULSA, OK 1,221,7141.2m $28.4m $28.4m 0.52% Added +775.1k +775,095
22 Jefferies Financial Group Inc. 0.57% of their portfolio NEW YORK, NY 1,196,2821.2m $28.1m $28.1m 0.57% New
23 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,164,5981.2m $27.3m $27.3m 0.00% Reduced -3.7m -3,712,398
24 GREAT VALLEY ADVISOR GROUP, INC. 0.78% of their portfolio WILMINGTON, DE 1,098,0211.1m $25.8m $25.8m 0.78% Added +239.8k +239,805
25 CWM, LLC 0.12% of their portfolio OMAHA, NE 1,088,0411.1m $25.5m $25.5m 0.12% Added +140.5k +140,457
26 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 1,031,6621.0m $24.2m $24.2m 0.06% Added +1.0m +1,013,240
27 Atlas Private Wealth Advisors 6.49% of their portfolio RED BANK, NJ 827,645827.6k $19.4m $19.4m 6.49% Reduced -675.6k -675,619
28 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 824,020824.0k $19.3m $19.3m 0.04% Added +376.8k +376,777
29 CORNERSTONE ENTERPRISES, LLC 13.47% of their portfolio APPLETON, WI 787,945787.9k $18.3m $18.3m 13.47% Added +98.8k +98,772
30 Kohmann Bosshard Financial Services, LLC 2.52% of their portfolio FAIRLAWN, OH 770,456770.5k $18.1m $18.1m 2.52% Added +65.5k +65,482
31 Willis Johnson & Associates, Inc. 1.57% of their portfolio Houston, TX 768,561768.6k $18.0m $18.0m 1.57% New
32 Syntegra Private Wealth Group, LLC 2.33% of their portfolio Chesterfield, MO 768,487768.5k $18.0m $18.0m 2.33% Added +13.8k +13,806
33 Diversify Advisory Services, LLC 0.98% of their portfolio SANDY, UT 718,037718.0k $16.7m $16.7m 0.98% First filing
34 Cambridge Investment Research Advisors, Inc. 0.06% of their portfolio FAIRFIELD, IA 661,459661.5k $15.5m $15.5m 0.06% Reduced -63.5k -63,530
35 One Capital Management, LLC 0.56% of their portfolio WESTLAKE VILLAGE, CA 658,121658.1k $15.4m $15.4m 0.56% Added +13.8k +13,812
36 BENJAMIN F. EDWARDS & COMPANY, INC. 0.27% of their portfolio ST. LOUIS, MO 627,849627.8k $14.7m $14.7m 0.27% Added +46.7k +46,746
37 Bensler, LLC 2.09% of their portfolio Bellevue, WA 616,049616.0k $14.5m $14.5m 2.09% Added +138.8k +138,776
38 VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ATLANTA, GA 547,147547.1k $12.8m $12.8m 0.01% Reduced -22.0k -22,040
39 Hilltop Partners LLC 4.44% of their portfolio MISHAWAKA, IN 529,940529.9k $12.4m $12.4m 4.44% Reduced -129.2k -129,199
40 ASSETMARK, INC 0.04% of their portfolio CONCORD, CA 524,979525.0k $12.3m $12.3m 0.04% New
41 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 508,819508.8k $11.9m $11.9m 0.01% New
42 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 435,111435.1k $10.2m $10.2m 0.04% Added +21.3k +21,263
43 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 424,464424.5k $10.0m $10.0m 0.02% Reduced -198.6k -198,572
44 NewSquare Capital LLC 0.87% of their portfolio NEWTOWN SQUARE, PA 416,799416.8k $9.8m $9.8m 0.87% Reduced -4.8k -4,811
45 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 412,481412.5k $9.7m $9.7m 0.01% Reduced -50.7k -50,696
46 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 359,900359.9k $8.4m $8.4m 0.01% Added +85.8k +85,800
47 HORIZON FINANCIAL SERVICES, LLC 5.12% of their portfolio WINSTON SALEM, NC 340,059340.1k $8.0m $8.0m 5.12% Added +310.1k +310,092
48 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% Unchanged
49 HART & PATTERSON FINANCIAL GROUP LLC 3.54% of their portfolio AMHERST, MA 304,850304.9k $7.2m $7.2m 3.54% Reduced -74.8k -74,838
50 Asset Allocation & Management Company, LLC 4.52% of their portfolio CHICAGO, IL 294,400294.4k $6.9m $6.9m 4.52% Unchanged
51 Stadion Money Management, LLC 0.42% of their portfolio WATKINSVILLE, GA 276,199276.2k $6.4m $6.4m 0.42% Reduced -1.4k -1,430
52 Winthrop Capital Management, LLC 2.98% of their portfolio Carmel, IN 275,425275.4k $6.5m $6.5m 2.98% Added +6.1k +6,103
53 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 264,893264.9k $6.2m $6.2m 0.00% Added +21.9k +21,875
54 Equitable Holdings, Inc. 0.07% of their portfolio NEW YORK, NY 253,911253.9k $6.0m $6.0m 0.07% Added +22.1k +22,143
55 AIRE ADVISORS, LLC 1.33% of their portfolio BEVERLY HILLS, CA 251,577251.6k $5.9m $5.9m 1.33% Reduced -2.7k -2,709
56 Waterloo Capital, L.P. 0.75% of their portfolio AUSTIN, TX 249,049249.0k $5.8m $5.8m 0.75% Added +168.6k +168,582
57 Crestmont Private Wealth LLC 2.89% of their portfolio HOUSTON, TX 247,983248.0k $5.8m $5.8m 2.89% Reduced -7.6k -7,629
58 Strategic Financial Planning, Inc. 4.34% of their portfolio PLANO, TX 247,248247.2k $5.8m $5.8m 4.34% Added +4.7k +4,675
59 FLAGSHIP HARBOR ADVISORS, LLC 0.37% of their portfolio BOSTON, MA 246,916246.9k $5.8m $5.8m 0.37% Added +166.3k +166,279
60 ProVise Management Group, LLC 0.49% of their portfolio CLEARWATER, FL 242,683242.7k $5.7m $5.7m 0.49% Reduced -64.5k -64,530
61 UBS Group AG 0.00% of their portfolio ZURICH, V8 235,940235.9k $5.5m $5.5m 0.00% Added +100.1k +100,117
62 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 233,332233.3k $5.5m $5.5m 0.01% Reduced -1.6k -1,617
63 GenTrust, LLC 0.31% of their portfolio MIAMI, FL 217,018217.0k $5.1m $5.1m 0.31% New
64 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 215,550215.6k $5.1m $5.1m 0.01% Added +89.7k +89,692
65 TRUSTMARK BANK TRUST DEPARTMENT 0.40% of their portfolio JACKSON, MS 210,000210.0k $4.9m $4.9m 0.40% Unchanged
66 Farther Finance Advisors, LLC 0.27% of their portfolio SAN FRANCISCO, CA 191,276191.3k $4.4m $4.4m 0.27% Added +47.5k +47,540
67 Horizon Investments, LLC 0.12% of their portfolio Charlotte, NC 190,919190.9k $4.5m $4.5m 0.12% Added +72 +72
68 Financial Architects, LLC 2.91% of their portfolio WOODSTOCK, GA 179,030179.0k $4.2m $4.2m 2.91% Added +10.5k +10,500
69 Horizon Investment Services, LLC 1.90% of their portfolio HAMMOND, IN 165,097165.1k $3.9m $3.9m 1.90% Added +44.8k +44,814
70 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 163,859163.9k $3.8m $3.8m 0.01% Reduced -93.3k -93,347
71 Mariner, LLC 0.01% of their portfolio Overland Park, KS 154,464154.5k $3.6m $3.6m 0.01% Added +55.2k +55,158
72 NewEdge Advisors, LLC 0.03% of their portfolio NEW ORLEANS, LA 154,399154.4k $3.6m $3.6m 0.03% Added +45.9k +45,851
73 AE Wealth Management LLC 0.04% of their portfolio TOPEKA, KS 139,915139.9k $3.3m $3.3m 0.04% Reduced -173.9k -173,944
74 Revisor Wealth Management LLC 1.43% of their portfolio AKRON, OH 135,034135.0k $3.2m $3.2m 1.43% Added +49.3k +49,349
75 FLC Capital Advisors 0.80% of their portfolio PALM DESERT, CA 134,841134.8k $3.2m $3.2m 0.80% Added +1.5k +1,533
76 ROGCO, LP 1.28% of their portfolio CLAREMORE, OK 133,175133.2k $3.1m $3.1m 1.28% New
77 Perigon Wealth Management, LLC 0.09% of their portfolio SAN FRANCISCO, CA 130,314130.3k $3.1m $3.1m 0.09% Added +59.1k +59,072
78 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 126,732126.7k $3.0m $3.0m 0.00% Added +33.8k +33,797
79 Iowa State Bank 0.64% of their portfolio URBANDALE, IA 123,196123.2k $2.9m $2.9m 0.64% Added +19.6k +19,593
80 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 120,835120.8k $2.8m $2.8m 0.00% Reduced -116.4k -116,361
81 McNaughton Wealth Management, LLC 1.57% of their portfolio SAN DIEGO, CA 120,454120.5k $2.8m $2.8m 1.57% Added +5.1k +5,075
82 Cynosure Group, LLC 0.50% of their portfolio Salt Lake City, UT 119,736119.7k $2.8m $2.8m 0.50% Added +8.2k +8,153
83 ARVEST INVESTMENTS, INC. 0.44% of their portfolio LOWELL, AR 118,532118.5k $2.8m $2.8m 0.44% Added +10.0k +9,983
84 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 117,245117.2k $2.8m $2.8m 0.00% Unchanged
85 MCF Advisors LLC 0.21% of their portfolio LEXINGTON, KY 116,044116.0k $2.7m $2.7m 0.21% Reduced -1.7k -1,669
86 RFG Advisory, LLC 0.09% of their portfolio BIRMINGHAM, AL 114,089114.1k $2.7m $2.7m 0.09% Added +2.0k +1,985
87 Leading Edge Financial Planning LLC 1.18% of their portfolio KNOXVILLE, TN 113,479113.5k $2.7m $2.7m 1.18% Added +30.4k +30,385
88 Sunesis Advisors, LLC 1.56% of their portfolio OVERLAND PARK, KS 113,434113.4k $2.7m $2.7m 1.56% Added +32.4k +32,395
89 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 111,893111.9k $2.6m $2.6m 0.00% Reduced -33.5k -33,508
90 APPLETON PARTNERS INC/MA 0.20% of their portfolio BOSTON, MA 109,045109.0k $2.6m $2.6m 0.20% Added +3.6k +3,623
91 HF Advisory Group, LLC 1.41% of their portfolio Annapolis, MD 107,632107.6k $2.5m $2.5m 1.41% Added +4.2k +4,163
92 CAHILL FINANCIAL ADVISORS INC 0.34% of their portfolio EDINA, MN 107,153107.2k $2.5m $2.5m 0.34% Reduced -31.5k -31,514
93 Sterneck Capital Management, LLC 1.43% of their portfolio KANSAS CITY, MO 102,316102.3k $2.4m $2.4m 1.43% Added +8.4k +8,380
94 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 98,84998.8k $2.3m $2.3m 0.02% Reduced -50.3k -50,299
95 Avior Wealth Management, LLC 0.11% of their portfolio OMAHA, NE 97,94197.9k $2.3m $2.3m 0.11% Reduced -124.5k -124,474
96 ZACKS INVESTMENT MANAGEMENT 0.02% of their portfolio Chicago, IL 86,67186.7k $2.0m $2.0m 0.02% New
97 5th Street Advisors, LLC 1.15% of their portfolio Southport, CT 86,27286.3k $2.0m $2.0m 1.15% New
98 Nikulski Financial, Inc. 0.65% of their portfolio BETTENDORF, IA 83,30683.3k $2.0m $2.0m 0.65% Added +1.8k +1,831
99 DT Investment Partners, LLC 0.19% of their portfolio CHADDS FORD, PA 80,72580.7k $1.9m $1.9m 0.19% Added +13.8k +13,809
100 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 80,00080.0k $1.9m $1.9m 0.00% Unchanged