Vault-13

SPDR SER TR JNK

BLOOMBERG HIGH Y · ETP · CUSIP 78468R622

510 institutional holders -28 vs Q4 2022
72,496,98972.5m shares reported held*
$6.8bnreported value*
62 new 141 added 202 reduced 86 sold out net sold ≈ $2.5bn (-26.9m 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 ($239.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $93.16. Options: 6 managers hold calls ($15.5m notional), 9 hold puts ($68.3m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 468Q4 22: 538Q1 23: 510510Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022468
Q4 2022538
Q1 2023510

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 22: 279 bought or addedQ4 22: 220 cut or sold outQ4 22Q1 23: 203 bought or addedQ1 23: 288 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022279220
Q1 2023203288

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ3 22 calls: $22.4mQ3 22 puts: $60.2mQ3 22P/C 2.69Q4 22 calls: $19.8mQ4 22 puts: $157.1mQ4 22P/C 7.93Q1 23 calls: $15.5mQ1 23 puts: $68.3mQ1 23P/C 4.42
Numbers
QuarterCallsPutsP/C
Q3 2022$22.4m$60.2m2.69
Q4 2022$19.8m$157.1m7.93
Q1 2023$15.5m$68.3m4.42

Biggest buyers

Japan Science & Technology Agency New +3,858,054+3.9m
MORGAN STANLEY Added +1,849,344+1.8m
TOEWS CORP /ADV New +1,719,500+1.7m
STATE STREET CORP Added +1,216,011+1.2m
RENAISSANCE TECHNOLOGIES LLC Added +661,500+661.5k
WILBANKS SMITH & THOMAS ASSET MANAGEMENT LLC Added +552,321+552.3k
HRT FINANCIAL LP Added +506,760+506.8k
1832 Asset Management L.P. Added +467,892+467.9k
BNP PARIBAS FINANCIAL MARKETS Added +305,309+305.3k
Mitsubishi UFJ Asset Management Co., Ltd. Added +300,813+300.8k

Biggest sellers

Clark Capital Management Group, Inc. Sold out -10,806,661-10.8m
Ocean Park Asset Management, LLC Sold out -5,562,700-5.6m
JANE STREET GROUP, LLC Reduced -4,492,452-4.5m
Elliott Investment Management L.P. Sold out -2,560,000-2.6m
ASSETMARK, INC Reduced -2,473,730-2.5m
State of New Jersey Common Pension Fund D Reduced -2,150,000-2.1m
BANK OF AMERICA CORP /DE/ Reduced -1,534,554-1.5m
ENVESTNET ASSET MANAGEMENT INC Reduced -1,062,416-1.1m
GOLDMAN SACHS GROUP INC Reduced -1,007,313-1.0m
BlackRock Inc. Reduced -947,913-947.9k

Biggest calls

Walleye Trading LLC Added $5.0m54.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.9m42.1k shares
CITADEL ADVISORS LLC Added $3.9m41.9k shares
MILLENNIUM MANAGEMENT LLC New $2.0m21.8k shares
WOLVERINE TRADING, LLC Reduced $587.0k6.4k shares
Cutler Group LLC / CA Added $2.0k1.6k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $49.9m537.7k shares
WOLVERINE TRADING, LLC Reduced $6.8m74.6k shares
CITADEL ADVISORS LLC Reduced $5.5m59.5k shares
Walleye Trading LLC Added $4.4m46.9k shares
MILLENNIUM MANAGEMENT LLC New $1.6m17.3k shares
Cutler Group LLC / CA Added $41.0k5.2k shares
HighTower Advisors, LLC Added $23.6k56.0k shares
HAP Trading, LLC New $5.0k11.9k shares
HOLLENCREST CAPITAL MANAGEMENT New $1.9k20.0k shares

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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 STATE STREET CORP 0.05% of their portfolio BOSTON, MA 8,695,7318.7m $807.1m $807.1m 0.05% Added +1.2m +1,216,011
2 JANE STREET GROUP, LLC 1.05% of their portfolio NEW YORK, NY 6,567,9886.6m $609.6m $609.6m 1.05% Reduced -4.5m -4,492,452
3 GOLDMAN SACHS GROUP INC 0.11% of their portfolio NEW YORK, NY 4,593,7444.6m $426.4m $426.4m 0.11% Reduced -1.0m -1,007,313
4 WELLS FARGO & COMPANY/MN 0.12% of their portfolio SAN FRANCISCO, CA 4,144,1334.1m $384.7m $384.7m 0.12% Added +72.4k +72,380
5 Japan Science & Technology Agency 3.90% of their portfolio TOKYO, M0 3,858,0543.9m $358.1m $358.1m 3.90% New
6 ENVESTNET ASSET MANAGEMENT INC 0.15% of their portfolio Berwyn, PA 3,326,2923.3m $308.7m $308.7m 0.15% Reduced -1.1m -1,062,416
7 Mitsubishi UFJ Asset Management Co., Ltd. 0.70% of their portfolio TOKYO, M0 3,157,6713.2m $293.1m $293.1m 0.70% Added +300.8k +300,813
8 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 3,044,2433.0m $282.6m $282.6m 0.03% Added +1.8m +1,849,344
9 BlackRock Inc. 0.01% of their portfolio New York, NY 2,654,1442.7m $246.4m $246.4m 0.01% Reduced -947.9k -947,913
10 UNITED CAPITAL FINANCIAL ADVISORS, LLC 1.33% of their portfolio IRVING, TX 2,567,8592.6m $238.3m $238.3m 1.33% Added +93.3k +93,332
11 Bank of New York Mellon Corp 0.04% of their portfolio NEW YORK, NY 1,936,7921.9m $179.8m $179.8m 0.04% Reduced -350.5k -350,517
12 Thrivent Financial for Lutherans 0.43% of their portfolio Minneapolis, MN 1,897,5911.9m $176.1m $176.1m 0.43% Reduced -4.1k -4,081
13 Cercano Management LLC 6.85% of their portfolio BELLEVUE, WA 1,848,9401.8m $171.6m $171.6m 6.85% Unchanged
14 TOEWS CORP /ADV 29.21% of their portfolio NORTHFIELD, NJ 1,719,5001.7m $159.6m $159.6m 29.21% New
15 State of New Jersey Common Pension Fund D 0.49% of their portfolio TRENTON, NJ 1,480,0001.5m $137.4m $137.4m 0.49% Reduced -2.1m -2,150,000
16 ASSETMARK, INC 0.40% of their portfolio CONCORD, CA 1,045,7411.0m $97.1m $97.1m 0.40% Reduced -2.5m -2,473,730
17 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 1,000,5221.0m $92.9m $92.9m 0.03% Reduced -68.7k -68,686
18 PNC Financial Services Group, Inc. 0.06% of their portfolio Pittsburgh, PA 768,519768.5k $71.3m $71.3m 0.06% Reduced -4.5k -4,470
19 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 766,415766.4k $71.1m $71.1m 0.01% Reduced -1.5m -1,534,554
20 1832 Asset Management L.P. 0.14% of their portfolio TORONTO, A6 742,028742.0k $68.9m $68.9m 0.14% Added +467.9k +467,892
21 HRT FINANCIAL LP 0.80% of their portfolio NEW YORK, NY 692,691692.7k $64.3m $64.3m 0.80% Added +506.8k +506,760
22 RENAISSANCE TECHNOLOGIES LLC 0.08% of their portfolio NEW YORK, NY 689,200689.2k $64.0m $64.0m 0.08% Added +661.5k +661,500
23 Private Ocean, LLC 8.49% of their portfolio SAN RAFAEL, CA 687,885687.9k $63.8m $63.8m 8.49% Reduced -8.6k -8,570
24 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 667,038667.0k $61.9m $61.9m 0.05% Reduced -77.6k -77,597
25 Elo Mutual Pension Insurance Co 1.83% of their portfolio ESPOO, H9 622,000622.0k $57.7m $57.7m 1.83% Added +60.0k +60,000
26 HSBC HOLDINGS PLC 0.07% of their portfolio LONDON, X0 590,415590.4k $54.8m $54.8m 0.07% Reduced -566.7k -566,681
27 WILBANKS SMITH & THOMAS ASSET MANAGEMENT LLC 1.79% of their portfolio NORFOLK, VA 554,708554.7k $51.5m $51.5m 1.79% Added +552.3k +552,321
28 AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio KANSAS CITY, MO 552,971553.0k $51.3m $51.3m 0.04% Added +134.4k +134,422
29 Sumitomo Mitsui DS Asset Management Company, Ltd 0.89% of their portfolio TOKYO, M0 531,086531.1k $49.3m $49.3m 0.89% Reduced -31.7k -31,726
30 Bank Julius Baer & Co. Ltd, Zurich 0.25% of their portfolio ZURICH, V8 428,866428.9k $39.8m $39.8m 0.25% Reduced -382 -382
31 UBS Group AG 0.02% of their portfolio ZURICH, V8 382,338382.3k $35.5m $35.5m 0.02% Reduced -129.4k -129,370
32 Nan Shan Life Insurance Co., Ltd. 0.75% of their portfolio Taipei City, F5 337,566337.6k $31.3m $31.3m 0.75% Unchanged
33 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 331,201331.2k $30.8m $30.8m 0.01% Reduced -105.9k -105,936
34 TOWNSQUARE CAPITAL LLC 0.67% of their portfolio Lehi, UT 327,643327.6k $30.4m $30.4m 0.67% Added +7.3k +7,257
35 BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio PARIS, I0 307,230307.2k $28.5m $28.5m 0.06% Added +305.3k +305,309
36 FIRST CITIZENS BANK & TRUST CO 0.53% of their portfolio RALEIGH, NC 288,193288.2k $26.8m $26.8m 0.53% Added +255.8k +255,754
37 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 277,423277.4k $25.8m $25.8m 0.04% New
38 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 276,211276.2k $25.6m $25.6m 0.03% Added +224.8k +224,791
39 Rafferty Asset Management, LLC 0.15% of their portfolio New York, NY 245,902245.9k $22.8m $22.8m 0.15% Added +72.7k +72,727
40 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 244,869244.9k $22.7m $22.7m 0.05% Added +61.5k +61,514
41 Aveo Capital Partners, LLC 2.98% of their portfolio ENGLEWOOD, CO 240,388240.4k $22.3m $22.3m 2.98% Added +104.1k +104,098
42 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 221,951222.0k $20.6m $20.6m 0.01% Added +20.3k +20,259
43 ALLSTATE CORP 1.47% of their portfolio NORTHBROOK, IL 212,913212.9k $19.8m $19.8m 1.47% Unchanged
44 Cambridge Investment Research Advisors, Inc. 0.09% of their portfolio FAIRFIELD, IA 208,614208.6k $19.4m $19.4m 0.09% Added +65.9k +65,944
45 MEEDER ASSET MANAGEMENT INC 1.53% of their portfolio DUBLIN, OH 206,613206.6k $19.2m $19.2m 1.53% Reduced -261.5k -261,455
46 Donoghue Forlines LLC 6.87% of their portfolio Boston, MA 205,443205.4k $19.1m $19.1m 6.87% Added +198.0k +197,998
47 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 204,406204.4k $19.0m $19.0m 0.00% Reduced -588.8k -588,807
48 CONNING INC. 0.62% of their portfolio HARTFORD, CT 200,000200.0k $18.6m $18.6m 0.62% Unchanged
49 EHP Funds Inc. 4.08% of their portfolio TORONTO, Z4 200,000200.0k $18.6m $18.6m 4.08% Reduced -290.0k -290,000
50 Symmetry Partners, LLC 0.96% of their portfolio GLASTONBURY, CT 189,022189.0k $17.5m $17.5m 0.96% Added +16.3k +16,321
51 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 175,043175.0k $16.3m $16.3m 0.03% Reduced -681.8k -681,790
52 SUN LIFE FINANCIAL INC 1.09% of their portfolio Toronto, A6 168,000168.0k $15.4m $15.4m 1.09% New
53 Squarepoint Ops LLC 0.11% of their portfolio NEW YORK, NY 167,700167.7k $15.6m $15.6m 0.11% New
54 Raymond James Financial Services Advisors, Inc. 0.03% of their portfolio ST. PETERSBURG, FL 167,235167.2k $15.5m $15.5m 0.03% Added +39.7k +39,726
55 Chandler Asset Management, Inc. 3.65% of their portfolio SAN DIEGO, CA 165,777165.8k $15.4m $15.4m 3.65% Added +11.7k +11,705
56 SageView Advisory Group, LLC 0.89% of their portfolio Newport Beach, CA 149,649149.6k $13.9m $13.9m 0.89% Added +52.6k +52,586
57 GUGGENHEIM CAPITAL LLC 0.11% of their portfolio CHICAGO, IL 146,023146.0k $13.6m $13.6m 0.11% Added +10.8k +10,826
58 ROVIN CAPITAL /UT/ /ADV 5.90% of their portfolio MESA, AZ 133,276133.3k $12.4m $12.4m 5.90% Added +82.4k +82,425
59 Mirae Asset Global Investments Co., Ltd. 0.03% of their portfolio SEOUL, M5 131,000131.0k $12.2m $12.2m 0.03% Added +21.9k +21,863
60 Migdal Insurance & Financial Holdings Ltd. 0.26% of their portfolio Petach Tikva, L3 129,095129.1k $12.0m $12.0m 0.26% Added +20.6k +20,558
61 TD AMERITRADE INVESTMENT MANAGEMENT, LLC 0.12% of their portfolio OMAHA, NE 128,806128.8k $12.0m $12.0m 0.12% Added +3.9k +3,931
62 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 127,661127.7k $11.8m $11.8m 0.01% Added +101.7k +101,704
63 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 116,890116.9k $10.9m $10.9m 0.00% Added +23.6k +23,635
64 BLB&B Advisors, LLC 0.80% of their portfolio MONTGOMERYVILLE, PA 115,896115.9k $10.8m $10.8m 0.80% Reduced -1.6k -1,571
65 RFG Advisory, LLC 0.52% of their portfolio BIRMINGHAM, AL 113,970114.0k $10.6m $10.6m 0.52% Added +9.1k +9,099
66 MACKENZIE FINANCIAL CORP 0.02% of their portfolio TORONTO ONTARIO, A6 113,290113.3k $10.5m $10.5m 0.02% Added +165 +165
67 NOMURA ASSET MANAGEMENT CO LTD 0.05% of their portfolio TOKYO, M0 101,933101.9k $9.5m $9.5m 0.05% Unchanged
68 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 97,96098.0k $9.1m $9.1m 0.01% Added +398 +398
69 Navigation Wealth Management, Inc. 10.62% of their portfolio FORT COLLINS, CO 92,91092.9k $8.6m $8.6m 10.62% New
70 NewSquare Capital LLC 0.99% of their portfolio NEWTOWN SQUARE, PA 90,03790.0k $8.4m $8.4m 0.99% Added +3.9k +3,898
71 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 88,22088.2k $8.2m $8.2m 0.01% Added +49.6k +49,588
72 Veritable, L.P. 0.14% of their portfolio Newtown Square, PA 88,19388.2k $8.2m $8.2m 0.14% Added +4.0k +3,985
73 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 84,99385.0k $7.9m $7.9m 0.01% Reduced -22.7k -22,683
74 Checchi Capital Advisers, LLC 0.74% of their portfolio BEVERLY HILLS, CA 81,95982.0k $7.6m $7.6m 0.74% Added +8.9k +8,853
75 Merriman Wealth Management, LLC 0.38% of their portfolio SEATTLE, WA 80,38580.4k $7.5m $7.5m 0.38% Added +402 +402
76 Tidal Investments LLC 0.13% of their portfolio Milwaukee, WI 80,37880.4k $7.4m $7.4m 0.13% Added +49.2k +49,174
77 Equitable Holdings, Inc. 0.12% of their portfolio NEW YORK, NY 79,03079.0k $7.3m $7.3m 0.12% Added +3.1k +3,052
78 New York Life Investment Management LLC 0.08% of their portfolio New York, NY 72,96173.0k $6.8m $6.8m 0.08% Reduced -59.9k -59,921
79 Shilanski & Associates, Inc. 2.95% of their portfolio ANCHORAGE, AK 71,85071.8k $6.6m $6.6m 2.95% Added +1.2k +1,155
80 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 70,31570.3k $6.5m $6.5m 0.01% Reduced -166 -166
81 EisnerAmper Wealth Management Corporate Benefits, LLC 3.03% of their portfolio ISELIN, NJ 67,58167.6k $6.3m $6.3m 3.03% Added +3.0k +3,041
82 Vontobel Holding Ltd. 0.06% of their portfolio ZURICH, V8 66,72966.7k $6.2m $6.2m 0.06% Added +5.2k +5,163
83 Ameritas Investment Partners, Inc. 0.24% of their portfolio LINCOLN, NE 65,89965.9k $6.1m $6.1m 0.24% Added +7.1k +7,117
84 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 62,34662.3k $5.8m $5.8m 0.01% Added +10.0k +9,994
85 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 62,08362.1k $5.8m $5.8m 0.01% Reduced -92.7k -92,697
86 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 60,24260.2k $5.6m $5.6m 0.01% Reduced -1.3k -1,346
87 Windsor Capital Management, LLC 1.89% of their portfolio Phoenix, AZ 59,21459.2k $5.5m $5.5m 1.89% Reduced -2.1k -2,068
88 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 58,48058.5k $5.4m $5.4m 0.04% Reduced -101.5k -101,548
89 Jessup Wealth Management, Inc 3.21% of their portfolio DAYTON, OH 58,28058.3k $5.4m $5.4m 3.21% Added +2.2k +2,239
90 Coppell Advisory Solutions LLC 1.70% of their portfolio COPPELL, TX 56,61456.6k $5.2m $5.2m 1.70% Added +1.9k +1,939
91 Coppell Advisory Solutions Corp. 1.70% of their portfolio COPPELL, TX 56,61456.6k $5.2m $5.2m 1.70% Added +1.9k +1,939
92 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 55,29755.3k $5.1m $5.1m 0.01% Reduced -5.5k -5,548
93 Gerber Kawasaki Wealth & Investment Management 0.40% of their portfolio SANTA MONICA, CA 54,60654.6k $5.1m $5.1m 0.40% Added +3.5k +3,526
94 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 52,96653.0k $4.9m $4.9m 0.00% Reduced -89.6k -89,640
95 FIRST MERCHANTS CORP 0.43% of their portfolio Muncie, IN 51,58151.6k $4.8m $4.8m 0.43% Reduced -3.0k -2,956
96 Anfield Capital Management, LLC 2.21% of their portfolio IRVINE, CA 51,53751.5k $4.8m $4.8m 2.21% Added +15.5k +15,532
97 NICOLET ADVISORY SERVICES, LLC 0.54% of their portfolio GREEN BAY, WI 50,59550.6k $4.6m $4.6m 0.54% Reduced -448 -448
98 Cetera Advisor Networks LLC 0.03% of their portfolio EL SEGUNDO, CA 50,57650.6k $4.7m $4.7m 0.03% Reduced -132.1k -132,083
99 Crabel Capital Management, LLC 2.08% of their portfolio MILWAUKEE, WI 50,40750.4k $4.7m $4.7m 2.08% Added +3.7k +3,735
100 OneDigital Investment Advisors LLC 0.11% of their portfolio OVERLAND PARK, KS 50,30750.3k $4.7m $4.7m 0.11% Reduced -2.8k -2,833