Vault-13

SPDR SERIES TRUST SPHY

PORTFLI HIGH YLD · ETP · CUSIP 78468R606

440 institutional holders +63 vs Q3 2024
185,073,295185.1m shares reported held*
$4.3bnreported value*
63 new 217 added 89 reduced 34 sold out net bought ≈ $856.6m (+36.5m 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 ($9.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $23.50. Options: 6 managers hold calls ($216.5m notional), 0 hold puts (—).

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 130Q4 22: 157Q1 23: 170Q2 23: 180Q3 23: 210Q4 23: 274Q1 24: 307Q2 24: 324Q3 24: 377Q4 24: 440440Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 2022130
Q4 2022157
Q1 2023170
Q2 2023180
Q3 2023210
Q4 2023274
Q1 2024307
Q2 2024324
Q3 2024377
Q4 2024440

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 23: 111 bought or addedQ1 23: 58 cut or sold outQ2 23: 100 bought or addedQ2 23: 69 cut or sold outQ2 23Q3 23: 143 bought or addedQ3 23: 57 cut or sold outQ4 23: 180 bought or addedQ4 23: 84 cut or sold outQ4 23Q1 24: 193 bought or addedQ1 24: 110 cut or sold outQ2 24: 225 bought or addedQ2 24: 86 cut or sold outQ2 24Q3 24: 259 bought or addedQ3 24: 107 cut or sold outQ4 24: 280 bought or addedQ4 24: 123 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 202311158
Q2 202310069
Q3 202314357
Q4 202318084
Q1 2024193110
Q2 202422586
Q3 2024259107
Q4 2024280123

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ1 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 0.00Q4 24 calls: $216.5mQ4 24 puts: $0Q4 24P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2024$560.1m$00.00
Q2 2024$337.9m$00.00
Q3 2024$201.4m$00.00
Q4 2024$216.5m$00.00

Biggest buyers

Ilmarinen Mutual Pension Insurance Co New +28,100,000+28.1m
GOLDMAN SACHS GROUP INC Added +2,938,686+2.9m
Ocean Park Asset Management, LLC Added +1,482,085+1.5m
MML INVESTORS SERVICES, LLC Added +924,682+924.7k
State of New Jersey Common Pension Fund D Added +900,000+900.0k
VICTORY CAPITAL MANAGEMENT INC Added +874,981+875.0k
NEPC LLC Added +845,578+845.6k
SEI INVESTMENTS CO Added +767,793+767.8k
MORGAN STANLEY Added +698,030+698.0k
LPL Financial LLC Added +607,746+607.7k

Biggest sellers

NEUBERGER BERMAN GROUP LLC Reduced -4,152,973-4.2m
ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP Reduced -4,137,637-4.1m
TOEWS CORP /ADV Sold out -2,250,100-2.3m
Atlas Private Wealth Advisors Reduced -739,868-739.9k
SAM Advisors, LLC Sold out -583,671-583.7k
Clearstead Advisors, LLC Reduced -574,291-574.3k
Allspring Global Investments Holdings, LLC Reduced -502,428-502.4k
GenTrust, LLC Sold out -239,042-239.0k
HRT FINANCIAL LP Reduced -209,250-209.2k
Kestra Advisory Services, LLC Reduced -208,458-208.5k

Biggest calls

JPMORGAN CHASE & CO Added $115.4m872.0k shares
IMC-Chicago, LLC Added $78.1m589.7k shares
Optiver Holding B.V. Reduced $15.8m119.7k shares
Maven Securities LTD Reduced $6.4m48.5k shares
GROUP ONE TRADING LLC New $741.3k5.6k 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Ilmarinen Mutual Pension Insurance Co 5.65% of their portfolio HELSINKI, H9 28,100,00028.1m $659.5m $659.5m 5.65% New
2 SEI INVESTMENTS CO 0.48% of their portfolio OAKS, PA 15,765,62615.8m $370.0m $370.0m 0.48% Added +767.8k +767,793
3 ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP 7.03% of their portfolio Altamonte Springs, FL 9,359,9639.4m $219.7m $219.7m 7.03% Reduced -4.1m -4,137,637
4 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 8,657,1598.7m $203.2m $203.2m 0.05% Added +417.7k +417,740
5 Ocean Park Asset Management, LLC 5.92% of their portfolio SANTA MONICA, CA 7,414,3767.4m $174.0m $174.0m 5.92% Added +1.5m +1,482,085
6 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 6,598,1976.6m $154.9m $154.9m 0.04% Added +355.7k +355,730
7 State of New Jersey Common Pension Fund D 0.53% of their portfolio TRENTON, NJ 5,616,8585.6m $131.8m $131.8m 0.53% Added +900.0k +900,000
8 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 5,088,4655.1m $119.4m $119.4m 0.05% Added +607.7k +607,746
9 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 5,082,8365.1m $119.3m $119.3m 0.01% Added +698.0k +698,030
10 US BANCORP \DE\ 0.15% of their portfolio MINNEAPOLIS, MN 4,984,6355.0m $117.0m $117.0m 0.15% Added +131.4k +131,406
11 Kensington Asset Management, LLC 5.75% of their portfolio AUSTIN, TX 4,179,1004.2m $98.1m $98.1m 5.75% Unchanged
12 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 3,808,4503.8m $89.4m $89.4m 0.02% Added +2.9m +2,938,686
13 1832 Asset Management L.P. 0.14% of their portfolio TORONTO, A6 3,268,4713.3m $76.7m $76.7m 0.14% Reduced -108.5k -108,475
14 Advisory Alpha, LLC 2.71% of their portfolio HOLLAND, MI 3,244,6513.2m $76.2m $76.2m 2.71% Reduced -20.7k -20,669
15 Diversify Advisory Services, LLC 3.12% of their portfolio SANDY, UT 2,413,2152.4m $56.5m $56.5m 3.12% Added +440.8k +440,771
16 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 2,237,9192.2m $52.5m $52.5m 0.02% Added +496.6k +496,639
17 BENJAMIN EDWARDS INC 0.67% of their portfolio Clayton, MO 1,985,8242.0m $46.6m $46.6m 0.67% Added +123.9k +123,861
18 Capital Analysts, LLC 1.87% of their portfolio FORT WASHINGTON, PA 1,984,9632.0m $46.6m $46.6m 1.87% Added +28.2k +28,192
19 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 1,836,7191.8m $43.1m $43.1m 0.04% Added +72.7k +72,725
20 Cetera Investment Advisers 0.09% of their portfolio SCHAUMBURG, IL 1,834,5401.8m $43.1m $43.1m 0.09% Added +201.0k +201,014
21 CORNERSTONE ENTERPRISES, LLC 22.45% of their portfolio APPLETON, WI 1,592,5121.6m $37.4m $37.4m 22.45% Added +248.3k +248,302
22 COMERICA BANK 0.15% of their portfolio DALLAS, TX 1,549,0391.5m $36.4m $36.4m 0.15% Added +31.0k +30,959
23 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,484,5001.5m $34.8m $34.8m 0.00% Reduced -9.7k -9,728
24 NEOS Investment Management LLC 0.82% of their portfolio Westport, CT 1,481,0091.5m $34.8m $34.8m 0.82% Added +44.5k +44,467
25 Donoghue Forlines LLC 11.37% of their portfolio Boston, MA 1,448,2641.4m $34.0m $34.0m 11.37% Added +299.7k +299,681
26 BOKF, NA 0.57% of their portfolio TULSA, OK 1,439,9261.4m $33.7m $33.7m 0.57% Added +177.0k +177,028
27 MML INVESTORS SERVICES, LLC 0.12% of their portfolio SPRINGFIELD, MA 1,420,8411.4m $33.3m $33.3m 0.12% Added +924.7k +924,682
28 NEPC LLC 0.86% of their portfolio Boston, MA 1,365,4821.4m $32.0m $32.0m 0.86% Added +845.6k +845,578
29 Municipal Employees' Retirement System of Michigan 0.42% of their portfolio LANSING, MI 1,287,3761.3m $30.2m $30.2m 0.42% Added +49.1k +49,100
30 VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio ATLANTA, GA 989,967990.0k $23.2m $23.2m 0.02% Added +360.2k +360,182
31 Atlas Private Wealth Advisors 3.25% of their portfolio RED BANK, NJ 975,143975.1k $22.9m $22.9m 3.25% Reduced -739.9k -739,868
32 Bensler, LLC 2.68% of their portfolio Bellevue, WA 961,473961.5k $22.6m $22.6m 2.68% Added +116.0k +115,998
33 RFG Holdings, Inc. 7.42% of their portfolio Argyle, TX 952,305952.3k $22.4m $22.4m 7.42% Added +55.4k +55,398
34 SageView Advisory Group, LLC 0.94% of their portfolio Newport Beach, CA 930,000930.0k $21.8m $21.8m 0.94% Added +162.0k +161,978
35 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 909,489909.5k $21.3m $21.3m 0.02% Reduced -16.3k -16,258
36 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 894,981895.0k $21.0m $21.0m 0.02% Added +875.0k +874,981
37 Kohmann Bosshard Financial Services, LLC 2.44% of their portfolio FAIRLAWN, OH 865,052865.1k $20.3m $20.3m 2.44% Added +35.9k +35,907
38 RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio NEW YORK, NY 851,200851.2k $20.0m $20.0m 0.03% Added +534.7k +534,700
39 Syntegra Private Wealth Group, LLC 2.23% of their portfolio Chesterfield, MO 839,679839.7k $19.7m $19.7m 2.23% Added +23.9k +23,895
40 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 835,500835.5k $19.6m $19.6m 0.00% Added +500.2k +500,200
41 CWM, LLC 0.08% of their portfolio OMAHA, NE 813,457813.5k $19.1m $19.1m 0.08% Added +257.6k +257,623
42 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 810,944810.9k $19.0m $19.0m 0.04% Added +59.1k +59,116
43 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 809,788809.8k $19.0m $19.0m 0.01% Unchanged
44 Hilltop Partners LLC 6.00% of their portfolio MISHAWAKA, IN 749,842749.8k $17.6m $17.6m 6.00% Added +50.4k +50,366
45 ASSETMARK, INC 0.05% of their portfolio CONCORD, CA 744,911744.9k $17.5m $17.5m 0.05% Added +45.9k +45,862
46 Cambridge Investment Research Advisors, Inc. 0.06% of their portfolio FAIRFIELD, IA 738,284738.3k $17.3m $17.3m 0.06% Added +57.8k +57,847
47 Farther Finance Advisors, LLC 0.60% of their portfolio SAN FRANCISCO, CA 704,070704.1k $16.5m $16.5m 0.60% Added +272.9k +272,892
48 Allspring Global Investments Holdings, LLC 0.03% of their portfolio CHARLOTTE, NC 699,459699.5k $16.4m $16.4m 0.03% Reduced -502.4k -502,428
49 One Capital Management, LLC 0.52% of their portfolio WESTLAKE VILLAGE, CA 675,400675.4k $15.9m $15.9m 0.52% Added +1.0k +1,029
50 Willis Johnson & Associates, Inc. 1.20% of their portfolio Houston, TX 664,199664.2k $15.6m $15.6m 1.20% Reduced -129.6k -129,619
51 Asset Allocation & Management Company, LLC 7.22% of their portfolio CHICAGO, IL 562,709562.7k $13.2m $13.2m 7.22% Added +108.0k +108,000
52 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 559,454559.5k $13.1m $13.1m 0.00% First filing
53 iA Global Asset Management Inc. 0.23% of their portfolio QUEBEC, A8 550,000550.0k $12.9m $12.9m 0.23% New
54 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 549,824549.8k $12.9m $12.9m 0.02% Added +82.7k +82,744
55 BlueStem Wealth Partners, LLC 1.65% of their portfolio MINNETONKA, MN 535,618535.6k $12.6m $12.6m 1.65% First filing
56 Inspire Advisors, LLC 1.49% of their portfolio Meridian, ID 517,636517.6k $12.1m $12.1m 1.49% Added +195.6k +195,589
57 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.16% of their portfolio ST. LOUIS, MO 496,053496.1k $11.6m $11.6m 0.16% Added +17.1k +17,118
58 Financial Futures Ltd Liability Co. 6.54% of their portfolio BRIELLE, NJ 490,879490.9k $11.5m $11.5m 6.54% Added +373.7k +373,686
59 OneDigital Investment Advisors LLC 0.13% of their portfolio OVERLAND PARK, KS 480,965481.0k $11.3m $11.3m 0.13% Added +469.5k +469,521
60 DT Investment Partners, LLC 0.94% of their portfolio CHADDS FORD, PA 475,845475.8k $11.2m $11.2m 0.94% Added +37.7k +37,731
61 Independent Advisor Alliance 0.14% of their portfolio CHARLOTTE, NC 466,400466.4k $10.9m $10.9m 0.14% New
62 GREAT VALLEY ADVISOR GROUP, INC. 0.24% of their portfolio WILMINGTON, DE 457,855457.9k $10.7m $10.7m 0.24% Reduced -50.5k -50,487
63 Madison Asset Management, LLC 0.12% of their portfolio MADISON, WI 446,102446.1k $10.5m $10.5m 0.12% New
64 NewSquare Capital LLC 0.84% of their portfolio NEWTOWN SQUARE, PA 445,232445.2k $10.4m $10.4m 0.84% Reduced -4.9k -4,884
65 Iowa State Bank 2.11% of their portfolio URBANDALE, IA 432,819432.8k $10.2m $10.2m 2.11% Added +63.3k +63,296
66 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 421,512421.5k $10.0m $10.0m 0.02% Added +77.8k +77,817
67 Waterloo Capital, L.P. 1.01% of their portfolio AUSTIN, TX 409,043409.0k $9.6m $9.6m 1.01% Added +14.3k +14,270
68 Csenge Advisory Group 0.52% of their portfolio CLEARWATER, FL 407,334407.3k $9.6m $9.6m 0.52% Added +355.3k +355,349
69 PRINCIPAL SECURITIES, INC. 0.21% of their portfolio DES MOINES, IA 403,614403.6k $9.5m $9.5m 0.21% Added +91.8k +91,784
70 5th Street Advisors, LLC 4.56% of their portfolio Southport, CT 373,431373.4k $8.8m $8.8m 4.56% Added +10.4k +10,360
71 Atria Wealth Solutions, Inc. 0.09% of their portfolio NEW YORK, NY 367,058367.1k $8.6m $8.6m 0.09% Added +165.5k +165,523
72 AlphaStar Capital Management, LLC 0.90% of their portfolio CORNELIUS, NC 365,423365.4k $8.6m $8.6m 0.90% New
73 MGO ONE SEVEN LLC 0.33% of their portfolio Beachwood, OH 361,642361.6k $8.5m $8.5m 0.33% Added +144.9k +144,873
74 Onyx Bridge Wealth Group LLC 1.18% of their portfolio TARRYTOWN, NY 350,326350.3k $8.2m $8.2m 1.18% Added +98.7k +98,665
75 HORIZON FINANCIAL SERVICES, LLC 4.57% of their portfolio WINSTON SALEM, NC 346,207346.2k $8.1m $8.1m 4.57% Added +2.2k +2,198
76 DIVERSIFY WEALTH MANAGEMENT, LLC 0.60% of their portfolio SANDY, UT 330,826330.8k $7.8m $7.8m 0.60% Added +105.5k +105,464
77 Horizon Investment Services, LLC 3.23% of their portfolio HAMMOND, IN 323,359323.4k $7.6m $7.6m 3.23% Added +3.7k +3,664
78 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 323,307323.3k $7.6m $7.6m 0.00% Added +17.3k +17,307
79 Omega Financial Group, LLC 2.83% of their portfolio Santa Barbara, CA 318,827318.8k $7.5m $7.5m 2.83% Added +23.7k +23,687
80 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 313,992314.0k $7.4m $7.4m 0.00% Reduced -134.6k -134,630
81 HART & PATTERSON FINANCIAL GROUP LLC 3.58% of their portfolio AMHERST, MA 313,655313.7k $7.4m $7.4m 3.58% Added +7.6k +7,577
82 Horizon Investments, LLC 0.15% of their portfolio Charlotte, NC 292,992293.0k $5.3m $5.3m 0.15% Added +96.9k +96,931
83 NewEdge Advisors, LLC 0.04% of their portfolio NEW ORLEANS, LA 292,175292.2k $6.9m $6.9m 0.04% Added +34.9k +34,905
84 UBS Group AG 0.00% of their portfolio ZURICH, V8 290,669290.7k $6.8m $6.8m 0.00% Added +3.6k +3,590
85 Equitable Holdings, Inc. 0.06% of their portfolio NEW YORK, NY 283,183283.2k $6.6m $6.6m 0.06% Added +31.9k +31,932
86 Winthrop Capital Management, LLC 1.77% of their portfolio Carmel, IN 282,694282.7k $6.6m $6.6m 1.77% Added +5.1k +5,120
87 Strategic Financial Planning, Inc. 4.52% of their portfolio PLANO, TX 282,308282.3k $6.6m $6.6m 4.52% Added +8.9k +8,912
88 AE Wealth Management LLC 0.05% of their portfolio TOPEKA, KS 267,108267.1k $6.3m $6.3m 0.05% Added +74.4k +74,408
89 Crestmont Private Wealth LLC 2.78% of their portfolio HOUSTON, TX 263,214263.2k $6.2m $6.2m 2.78% Added +10.8k +10,766
90 ProVise Management Group, LLC 0.52% of their portfolio CLEARWATER, FL 260,410260.4k $6.1m $6.1m 0.52% Reduced -5.2k -5,167
91 TRUSTMARK BANK TRUST DEPARTMENT 0.45% of their portfolio JACKSON, MS 258,500258.5k $6.1m $6.1m 0.45% Unchanged
92 AIRE ADVISORS, LLC 1.25% of their portfolio BEVERLY HILLS, CA 258,478258.5k $6.1m $6.1m 1.25% Added +24.8k +24,802
93 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 250,244250.2k $5.9m $5.9m 0.00% Added +23.5k +23,460
94 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 229,615229.6k $5.4m $5.4m 0.00% Reduced -4.2m -4,152,973
95 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 222,519222.5k $5.2m $5.2m 0.01% Added +210.1k +210,074
96 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 220,812220.8k $5.2m $5.2m 0.01% Added +132.2k +132,166
97 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 218,372218.4k $5.1m $5.1m 0.01% New
98 Impact Partnership Wealth, LLC 0.98% of their portfolio MARIETTA, GA 207,311207.3k $4.9m $4.9m 0.98% Added +10.4k +10,447
99 ZACKS INVESTMENT MANAGEMENT 0.04% of their portfolio Chicago, IL 205,489205.5k $4.8m $4.8m 0.04% Added +1.8k +1,752
100 Stadion Money Management, LLC 0.38% of their portfolio WATKINSVILLE, GA 205,298205.3k $4.8m $4.8m 0.38% Reduced -4.0k -3,955