Vault-13

SPDR SERIES TRUST SPHY

PORTFLI HIGH YLD · ETP · CUSIP 78468R606

377 institutional holders +53 vs Q2 2024
146,542,632146.5m shares reported held*
$3.5bnreported value*
74 new 185 added 83 reduced 24 sold out net bought ≈ $316.0m (+14.1m 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 ($9.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.02. Options: 6 managers hold calls ($201.4m notional), 0 hold puts (—).

Trends to Q3 2024

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 130Q4 22: 157Q1 23: 170Q2 23: 180Q3 23: 210Q4 23: 274Q1 24: 307Q2 24: 324Q3 24: 377377Q3 22Q1 23Q3 23Q1 24Q3 24
Numbers
QuarterHolders
Q3 2022130
Q4 2022157
Q1 2023170
Q2 2023180
Q3 2023210
Q4 2023274
Q1 2024307
Q2 2024324
Q3 2024377

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 22: 102 bought or addedQ4 22: 50 cut or sold outQ1 23: 111 bought or addedQ1 23: 58 cut or sold outQ1 23Q2 23: 100 bought or addedQ2 23: 69 cut or sold outQ3 23: 143 bought or addedQ3 23: 57 cut or sold outQ3 23Q4 23: 180 bought or addedQ4 23: 84 cut or sold outQ1 24: 193 bought or addedQ1 24: 110 cut or sold outQ1 24Q2 24: 225 bought or addedQ2 24: 86 cut or sold outQ3 24: 259 bought or addedQ3 24: 107 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 202210250
Q1 202311158
Q2 202310069
Q3 202314357
Q4 202318084
Q1 2024193110
Q2 202422586
Q3 2024259107

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ4 23 calls: $658.9mQ4 23 puts: $0Q4 23P/C 0.00Q1 24 calls: $560.1mQ1 24 puts: $0Q1 24P/C 0.00Q2 24 calls: $337.9mQ2 24 puts: $0Q2 24P/C 0.00Q3 24 calls: $201.4mQ3 24 puts: $0Q3 24P/C 0.00
Numbers
QuarterCallsPutsP/C
Q4 2023$658.9m$00.00
Q1 2024$560.1m$00.00
Q2 2024$337.9m$00.00
Q3 2024$201.4m$00.00

Biggest buyers

ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP Added +2,653,500+2.7m
Ocean Park Asset Management, LLC Added +2,357,887+2.4m
BENJAMIN EDWARDS INC Added +1,854,112+1.9m
STIFEL FINANCIAL CORP Added +1,544,102+1.5m
NEOS Investment Management LLC New +1,436,542+1.4m
Diversify Advisory Services, LLC Added +1,290,341+1.3m
US BANCORP \DE\ Added +994,058+994.1k
MORGAN STANLEY Added +909,106+909.1k
GOLDMAN SACHS GROUP INC Added +796,242+796.2k
SageView Advisory Group, LLC New +768,022+768.0k

Biggest sellers

NEUBERGER BERMAN GROUP LLC Reduced -3,733,713-3.7m
NEPC LLC Reduced -2,313,886-2.3m
State of New Jersey Common Pension Fund D Reduced -1,500,000-1.5m
SageView Advisory Group, LLC Sold out -954,121-954.1k
BARCLAYS PLC Reduced -898,007-898.0k
GREAT VALLEY ADVISOR GROUP, INC. Reduced -793,081-793.1k
STATE STREET CORP Reduced -646,701-646.7k
Donoghue Forlines LLC Reduced -347,659-347.7k
Jefferies Financial Group Inc. Sold out -331,899-331.9k
Municipal Employees' Retirement System of Michigan Reduced -237,467-237.5k

Biggest calls

JPMORGAN CHASE & CO Added $89.5m680.4k shares
IMC-Chicago, LLC Added $63.8m484.8k shares
Optiver Holding B.V. Reduced $20.4m155.0k shares
GARDA CAPITAL PARTNERS LP Reduced $15.5m117.8k shares
Maven Securities LTD Added $12.3m93.2k 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SEI INVESTMENTS CO 0.47% of their portfolio OAKS, PA 14,997,83315.0m $360.7m $360.7m 0.47% Added +392.5k +392,473
2 ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP 13.45% of their portfolio Altamonte Springs, FL 13,497,60013.5m $324.6m $324.6m 13.45% Added +2.7m +2,653,500
3 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 8,239,4198.2m $198.2m $198.2m 0.05% Added +23.2k +23,216
4 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 6,242,4676.2m $150.1m $150.1m 0.04% Added +451.3k +451,317
5 Ocean Park Asset Management, LLC 6.26% of their portfolio SANTA MONICA, CA 5,932,2915.9m $142.7m $142.7m 6.26% Added +2.4m +2,357,887
6 US BANCORP \DE\ 0.15% of their portfolio MINNEAPOLIS, MN 4,853,2294.9m $116.7m $116.7m 0.15% Added +994.1k +994,058
7 State of New Jersey Common Pension Fund D 0.47% of their portfolio TRENTON, NJ 4,716,8584.7m $113.4m $113.4m 0.47% Reduced -1.5m -1,500,000
8 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 4,480,7194.5m $107.8m $107.8m 0.05% Added +698.5k +698,541
9 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,384,8064.4m $105.5m $105.5m 0.01% Added +909.1k +909,106
10 NEUBERGER BERMAN GROUP LLC 0.08% of their portfolio NEW YORK, NY 4,382,5884.4m $105.4m $105.4m 0.08% Reduced -3.7m -3,733,713
11 Kensington Asset Management, LLC 5.43% of their portfolio AUSTIN, TX 4,179,1004.2m $99.0m $99.0m 5.43% Added +400.0k +400,000
12 1832 Asset Management L.P. 0.14% of their portfolio TORONTO, A6 3,376,9463.4m $81.2m $81.2m 0.14% Added +4.0k +3,967
13 Advisory Alpha, LLC 2.79% of their portfolio HOLLAND, MI 3,265,3203.3m $78.5m $78.5m 2.79% Added +378.1k +378,118
14 TOEWS CORP /ADV 7.26% of their portfolio NORTHFIELD, NJ 2,250,1002.3m $54.1m $54.1m 7.26% Reduced -30.0k -30,000
15 Diversify Advisory Services, LLC 2.52% of their portfolio SANDY, UT 1,972,4442.0m $46.8m $46.8m 2.52% Added +1.3m +1,290,341
16 Capital Analysts, LLC 1.92% of their portfolio FORT WASHINGTON, PA 1,956,7712.0m $47.1m $47.1m 1.92% Added +82.4k +82,414
17 BENJAMIN EDWARDS INC 0.65% of their portfolio Clayton, MO 1,861,9631.9m $44.8m $44.8m 0.65% Added +1.9m +1,854,112
18 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 1,763,9941.8m $42.4m $42.4m 0.04% Added +1.5m +1,544,102
19 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,741,2801.7m $41.9m $41.9m 0.01% Added +104.8k +104,805
20 Atlas Private Wealth Advisors 5.98% of their portfolio RED BANK, NJ 1,715,0111.7m $41.2m $41.2m 5.98% Reduced -11.1k -11,129
21 Cetera Investment Advisers 0.09% of their portfolio SCHAUMBURG, IL 1,633,5261.6m $39.3m $39.3m 0.09% Added +278.0k +277,993
22 COMERICA BANK 0.14% of their portfolio DALLAS, TX 1,518,0801.5m $36.5m $36.5m 0.14% Reduced -35.9k -35,889
23 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,494,2281.5m $35.9m $35.9m 0.00% Added +126.8k +126,779
24 NEOS Investment Management LLC 1.04% of their portfolio Westport, CT 1,436,5421.4m $34.3m $34.3m 1.04% New
25 CORNERSTONE ENTERPRISES, LLC 20.24% of their portfolio APPLETON, WI 1,344,2101.3m $32.3m $32.3m 20.24% Added +263.1k +263,059
26 BOKF, NA 0.53% of their portfolio TULSA, OK 1,262,8981.3m $30.1m $30.1m 0.53% Added +74.3k +74,270
27 Municipal Employees' Retirement System of Michigan 0.39% of their portfolio LANSING, MI 1,238,2761.2m $29.8m $29.8m 0.39% Reduced -237.5k -237,467
28 Allspring Global Investments Holdings, LLC 0.04% of their portfolio CHARLOTTE, NC 1,201,8871.2m $28.9m $28.9m 0.04% Added +211.6k +211,585
29 Donoghue Forlines LLC 7.87% of their portfolio Boston, MA 1,148,5831.1m $27.6m $27.6m 7.87% Reduced -347.7k -347,659
30 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 925,747925.7k $22.3m $22.3m 0.02% Added +690.0k +689,958
31 RFG Holdings, Inc. 7.61% of their portfolio Argyle, TX 896,907896.9k $21.6m $21.6m 7.61% Added +35.9k +35,932
32 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 869,764869.8k $20.9m $20.9m 0.00% Added +796.2k +796,242
33 Bensler, LLC 2.56% of their portfolio Bellevue, WA 845,475845.5k $20.3m $20.3m 2.56% Added +100.6k +100,575
34 Kohmann Bosshard Financial Services, LLC 2.48% of their portfolio FAIRLAWN, OH 829,145829.1k $19.9m $19.9m 2.48% Added +14.8k +14,811
35 Syntegra Private Wealth Group, LLC 2.27% of their portfolio Chesterfield, MO 815,784815.8k $19.6m $19.6m 2.27% Added +30.8k +30,795
36 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 809,788809.8k $19.5m $19.5m 0.01% Reduced -118.8k -118,790
37 Willis Johnson & Associates, Inc. 1.45% of their portfolio Houston, TX 793,818793.8k $19.1m $19.1m 1.45% Added +1.1k +1,054
38 SageView Advisory Group, LLC 0.94% of their portfolio Newport Beach, CA 768,022768.0k $18.5m $18.5m 0.94% New
39 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 751,828751.8k $18.1m $18.1m 0.04% Added +153.5k +153,527
40 Hilltop Partners LLC 5.66% of their portfolio MISHAWAKA, IN 699,476699.5k $16.8m $16.8m 5.66% Added +39.7k +39,741
41 ASSETMARK, INC 0.05% of their portfolio CONCORD, CA 699,049699.0k $16.8m $16.8m 0.05% Added +66.4k +66,373
42 Cambridge Investment Research Advisors, Inc. 0.06% of their portfolio FAIRFIELD, IA 680,437680.4k $16.4m $16.4m 0.06% Reduced -9.7k -9,707
43 One Capital Management, LLC 0.52% of their portfolio WESTLAKE VILLAGE, CA 674,371674.4k $16.2m $16.2m 0.52% Added +6.3k +6,254
44 Clearstead Advisors, LLC 0.24% of their portfolio CLEVELAND, OH 634,572634.6k $15.3m $15.3m 0.24% Added +12.4k +12,434
45 VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio ATLANTA, GA 629,785629.8k $15.1m $15.1m 0.02% Added +42.6k +42,632
46 SAM Advisors, LLC 5.15% of their portfolio OAKHURST, CA 583,671583.7k $14.0m $14.0m 5.15% New
47 CWM, LLC 0.06% of their portfolio OMAHA, NE 555,834555.8k $13.4m $13.4m 0.06% Added +52.8k +52,769
48 NEPC LLC 0.38% of their portfolio Boston, MA 519,904519.9k $12.5m $12.5m 0.38% Reduced -2.3m -2,313,886
49 GREAT VALLEY ADVISOR GROUP, INC. 0.30% of their portfolio WILMINGTON, DE 508,342508.3k $12.2m $12.2m 0.30% Reduced -793.1k -793,081
50 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 496,159496.2k $11.9m $11.9m 0.04% Added +42.0k +42,045
51 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.15% of their portfolio ST. LOUIS, MO 478,935478.9k $11.5m $11.5m 0.15% New
52 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 467,080467.1k $11.2m $11.2m 0.02% Reduced -2.1k -2,146
53 Asset Allocation & Management Company, LLC 6.87% of their portfolio CHICAGO, IL 454,709454.7k $10.9m $10.9m 6.87% Added +138.8k +138,809
54 NewSquare Capital LLC 0.86% of their portfolio NEWTOWN SQUARE, PA 450,116450.1k $10.8m $10.8m 0.86% Added +23.4k +23,375
55 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 448,622448.6k $10.8m $10.8m 0.00% Added +396.9k +396,914
56 DT Investment Partners, LLC 0.85% of their portfolio CHADDS FORD, PA 438,114438.1k $10.5m $10.5m 0.85% Added +11.6k +11,640
57 Farther Finance Advisors, LLC 0.39% of their portfolio SAN FRANCISCO, CA 431,178431.2k $10.4m $10.4m 0.39% Added +159.0k +158,959
58 Waterloo Capital, L.P. 1.04% of their portfolio AUSTIN, TX 394,773394.8k $9.5m $9.5m 1.04% Added +248.7k +248,712
59 Iowa State Bank 1.83% of their portfolio URBANDALE, IA 369,523369.5k $8.9m $8.9m 1.83% Added +241.4k +241,422
60 5th Street Advisors, LLC 4.25% of their portfolio Southport, CT 363,071363.1k $8.7m $8.7m 4.25% Added +78.8k +78,822
61 HORIZON FINANCIAL SERVICES, LLC 4.92% of their portfolio WINSTON SALEM, NC 344,009344.0k $8.3m $8.3m 4.92% Reduced -585 -585
62 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 343,695343.7k $8.3m $8.3m 0.02% Reduced -25.5k -25,544
63 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 335,300335.3k $8.1m $8.1m 0.00% Reduced -646.7k -646,701
64 Inspire Advisors, LLC 0.94% of their portfolio Meridian, ID 322,047322.0k $7.7m $7.7m 0.94% New
65 Horizon Investment Services, LLC 3.29% of their portfolio HAMMOND, IN 319,695319.7k $7.7m $7.7m 3.29% Added +37.6k +37,574
66 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 316,500316.5k $7.6m $7.6m 0.01% Reduced -223.1k -223,100
67 PRINCIPAL SECURITIES, INC. 0.18% of their portfolio DES MOINES, IA 311,830311.8k $7.5m $7.5m 0.18% Added +282.9k +282,942
68 HART & PATTERSON FINANCIAL GROUP LLC 3.49% of their portfolio AMHERST, MA 306,078306.1k $7.4m $7.4m 3.49% Reduced -2.3k -2,322
69 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 306,000306.0k $7.4m $7.4m 0.00% New
70 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 298,065298.1k $7.2m $7.2m 0.00% Added +1.4k +1,448
71 Omega Financial Group, LLC 2.69% of their portfolio Santa Barbara, CA 295,140295.1k $7.1m $7.1m 2.69% New
72 UBS Group AG 0.00% of their portfolio ZURICH, V8 287,079287.1k $6.9m $6.9m 0.00% Added +37.5k +37,547
73 Kestra Advisory Services, LLC 0.04% of their portfolio AUSTIN, TX 286,963287.0k $6.9m $6.9m 0.04% Reduced -22.2k -22,176
74 Winthrop Capital Management, LLC 3.18% of their portfolio Carmel, IN 277,574277.6k $6.7m $6.7m 3.18% Reduced -462 -462
75 Strategic Financial Planning, Inc. 4.35% of their portfolio PLANO, TX 273,396273.4k $6.6m $6.6m 4.35% Added +12.4k +12,362
76 ProVise Management Group, LLC 0.51% of their portfolio CLEARWATER, FL 265,577265.6k $6.4m $6.4m 0.51% Added +14.2k +14,186
77 TRUSTMARK BANK TRUST DEPARTMENT 0.47% of their portfolio JACKSON, MS 258,500258.5k $6.2m $6.2m 0.47% Added +28.5k +28,500
78 Mariner, LLC 0.01% of their portfolio Overland Park, KS 257,313257.3k $6.2m $6.2m 0.01% Added +110.7k +110,662
79 NewEdge Advisors, LLC 0.04% of their portfolio NEW ORLEANS, LA 257,270257.3k $6.2m $6.2m 0.04% Added +46.4k +46,413
80 HRT FINANCIAL LP 0.03% of their portfolio NEW YORK, NY 252,558252.6k $6.1m $6.1m 0.03% Reduced -61.5k -61,550
81 Crestmont Private Wealth LLC 2.65% of their portfolio HOUSTON, TX 252,448252.4k $6.1m $6.1m 2.65% Added +17.2k +17,234
82 Onyx Bridge Wealth Group LLC 0.91% of their portfolio TARRYTOWN, NY 251,661251.7k $6.1m $6.1m 0.91% New
83 Equitable Holdings, Inc. 0.06% of their portfolio NEW YORK, NY 251,251251.3k $6.0m $6.0m 0.06% Reduced -1.1k -1,106
84 GenTrust, LLC 0.28% of their portfolio MIAMI, FL 239,042239.0k $5.7m $5.7m 0.28% Reduced -19.5k -19,474
85 AIRE ADVISORS, LLC 1.24% of their portfolio BEVERLY HILLS, CA 233,676233.7k $5.6m $5.6m 1.24% Reduced -17.4k -17,394
86 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 226,784226.8k $5.5m $5.5m 0.00% Added +28.0k +28,039
87 DIVERSIFY WEALTH MANAGEMENT, LLC 0.51% of their portfolio SANDY, UT 225,362225.4k $5.3m $5.3m 0.51% Added +32.7k +32,693
88 SWP FINANCIAL LLC 3.26% of their portfolio ENCINITAS, CA 222,178222.2k $5.3m $5.3m 3.26% New
89 MGO ONE SEVEN LLC 0.23% of their portfolio Beachwood, OH 216,769216.8k $5.2m $5.2m 0.23% Added +78.5k +78,516
90 Stadion Money Management, LLC 0.38% of their portfolio WATKINSVILLE, GA 209,253209.3k $5.0m $5.0m 0.38% Added +21.0k +21,027
91 ZACKS INVESTMENT MANAGEMENT 0.04% of their portfolio Chicago, IL 203,737203.7k $4.9m $4.9m 0.04% Added +120.2k +120,249
92 Atria Wealth Solutions, Inc. 0.05% of their portfolio NEW YORK, NY 201,535201.5k $4.8m $4.8m 0.05% Added +72.5k +72,505
93 Impact Partnership Wealth, LLC 1.07% of their portfolio MARIETTA, GA 196,864196.9k $4.7m $4.7m 1.07% Added +71.0k +71,043
94 Horizon Investments, LLC 0.08% of their portfolio Charlotte, NC 196,061196.1k $3.2m $3.2m 0.08% Added +3.2k +3,248
95 FLAGSHIP HARBOR ADVISORS, LLC 0.26% of their portfolio BOSTON, MA 194,656194.7k $4.7m $4.7m 0.26% Reduced -47.0k -46,974
96 AE Wealth Management LLC 0.04% of their portfolio TOPEKA, KS 192,700192.7k $4.6m $4.6m 0.04% Added +21.5k +21,479
97 Financial Architects, LLC 2.95% of their portfolio WOODSTOCK, GA 190,305190.3k $4.6m $4.6m 2.95% Added +3.6k +3,620
98 FLC Capital Advisors 1.04% of their portfolio PALM DESERT, CA 186,553186.6k $4.5m $4.5m 1.04% Added +7.8k +7,784
99 Sanctuary Advisors, LLC 0.03% of their portfolio INDIANAPOLIS, IN 183,892183.9k $4.4m $4.4m 0.03% Added +33.1k +33,053
100 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 182,459182.5k $4.4m $4.4m 0.01% Added +20.2k +20,177