Vault-13

SPDR SER TR JNK

BLOOMBERG HIGH Y · ETP · CUSIP 78468R622

518 institutional holders +8 vs Q1 2023
87,699,46887.7m shares reported held*
$8.1bnreported value*
58 new 167 added 181 reduced 60 sold out net bought ≈ $1.1bn (+12.4m 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 ($5.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $92.05. Options: 5 managers hold calls ($14.3m notional), 5 hold puts ($37.2m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 468Q4 22: 538Q1 23: 510Q2 23: 518518Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022468
Q4 2022538
Q1 2023510
Q2 2023518

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 23Q2 23: 225 bought or addedQ2 23: 241 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022279220
Q1 2023203288
Q2 2023225241

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 4.42Q2 23 calls: $14.3mQ2 23 puts: $37.2mQ2 23P/C 2.60
Numbers
QuarterCallsPutsP/C
Q3 2022$22.4m$60.2m2.69
Q4 2022$19.8m$157.1m7.93
Q1 2023$15.5m$68.3m4.42
Q2 2023$14.3m$37.2m2.60

Biggest buyers

Clark Capital Management Group, Inc. New +7,905,128+7.9m
Ocean Park Asset Management, LLC New +4,379,808+4.4m
BlackRock Inc. Added +2,785,988+2.8m
ASSETMARK, INC Added +2,440,398+2.4m
ENVESTNET ASSET MANAGEMENT INC Added +1,428,280+1.4m
Kensington Asset Management, LLC New +1,220,000+1.2m
OSAIC HOLDINGS, INC. Added +725,540+725.5k
BTS Asset Management, Inc. New +704,871+704.9k
Man Group plc New +439,204+439.2k
MEEDER ASSET MANAGEMENT INC Added +364,947+364.9k

Biggest sellers

JANE STREET GROUP, LLC Reduced -3,688,065-3.7m
Cercano Management LLC Sold out -1,848,940-1.8m
MORGAN STANLEY Reduced -1,050,852-1.1m
GOLDMAN SACHS GROUP INC Reduced -756,479-756.5k
WILBANKS SMITH & THOMAS ASSET MANAGEMENT LLC Reduced -538,192-538.2k
RENAISSANCE TECHNOLOGIES LLC Reduced -396,700-396.7k
HRT FINANCIAL LP Reduced -375,846-375.8k
ROYAL BANK OF CANADA Reduced -343,638-343.6k
STATE STREET CORP Reduced -315,251-315.3k
Bank of New York Mellon Corp Reduced -313,509-313.5k

Biggest calls

Walleye Trading LLC Added $5.7m61.8k shares
Point72 Asset Management, L.P. New $4.6m50.0k shares
CITADEL ADVISORS LLC Reduced $2.1m22.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.9m21.0k shares
Cutler Group LLC / CA Reduced $0300 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $31.2m339.2k shares
Walleye Trading LLC Reduced $4.3m46.6k shares
CITADEL ADVISORS LLC Reduced $1.6m17.9k shares
Saranac Partners Ltd New $5.1k55 shares
Cutler Group LLC / CA Reduced $2.0k900 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 STATE STREET CORP 0.04% of their portfolio BOSTON, MA 8,380,4808.4m $771.3m $771.3m 0.04% Reduced -315.3k -315,251
2 Clark Capital Management Group, Inc. 6.50% of their portfolio PHILADELPHIA, PA 7,905,1287.9m $727.5m $727.5m 6.50% New
3 BlackRock Inc. 0.01% of their portfolio New York, NY 5,440,1325.4m $500.7m $500.7m 0.01% Added +2.8m +2,785,988
4 ENVESTNET ASSET MANAGEMENT INC 0.19% of their portfolio Berwyn, PA 4,754,5724.8m $437.6m $437.6m 0.19% Added +1.4m +1,428,280
5 Ocean Park Asset Management, LLC 13.77% of their portfolio SANTA MONICA, CA 4,379,8084.4m $403.1m $403.1m 13.77% New
6 WELLS FARGO & COMPANY/MN 0.11% of their portfolio SAN FRANCISCO, CA 4,120,1054.1m $379.2m $379.2m 0.11% Reduced -24.0k -24,028
7 Japan Science & Technology Agency 4.10% of their portfolio TOKYO, M0 3,858,0543.9m $355.1m $355.1m 4.10% Unchanged
8 GOLDMAN SACHS GROUP INC 0.09% of their portfolio NEW YORK, NY 3,837,2653.8m $353.1m $353.1m 0.09% Reduced -756.5k -756,479
9 ASSETMARK, INC 1.26% of their portfolio CONCORD, CA 3,486,1393.5m $320.8m $320.8m 1.26% Added +2.4m +2,440,398
10 Mitsubishi UFJ Asset Management Co., Ltd. 0.57% of their portfolio TOKYO, M0 2,973,8073.0m $273.7m $273.7m 0.57% Reduced -183.9k -183,864
11 JANE STREET GROUP, LLC 0.36% of their portfolio NEW YORK, NY 2,879,9232.9m $265.0m $265.0m 0.36% Reduced -3.7m -3,688,065
12 UNITED CAPITAL FINANCIAL ADVISORS, LLC 1.35% of their portfolio IRVING, TX 2,695,0742.7m $248.0m $248.0m 1.35% Added +127.2k +127,215
13 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 1,993,3912.0m $183.5m $183.5m 0.02% Reduced -1.1m -1,050,852
14 TOEWS CORP /ADV 25.63% of their portfolio NORTHFIELD, NJ 1,846,4001.8m $169.9m $169.9m 25.63% Added +126.9k +126,900
15 Thrivent Financial for Lutherans 0.35% of their portfolio Minneapolis, MN 1,654,4401.7m $152.3m $152.3m 0.35% Reduced -243.2k -243,151
16 Bank of New York Mellon Corp 0.03% of their portfolio NEW YORK, NY 1,623,2831.6m $149.4m $149.4m 0.03% Reduced -313.5k -313,509
17 State of New Jersey Common Pension Fund D 0.46% of their portfolio TRENTON, NJ 1,480,0001.5m $136.2m $136.2m 0.46% Unchanged
18 Kensington Asset Management, LLC 7.40% of their portfolio AUSTIN, TX 1,220,0001.2m $112.3m $112.3m 7.40% New
19 OSAIC HOLDINGS, INC. 0.15% of their portfolio SCOTTSDALE, AZ 900,583900.6k $82.9m $82.9m 0.15% Added +725.5k +725,540
20 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 818,591818.6k $75.3m $75.3m 0.01% Added +52.2k +52,176
21 1832 Asset Management L.P. 0.13% of their portfolio TORONTO, A6 745,539745.5k $68.6m $68.6m 0.13% Added +3.5k +3,511
22 PNC Financial Services Group, Inc. 0.06% of their portfolio Pittsburgh, PA 732,184732.2k $67.4m $67.4m 0.06% Reduced -36.3k -36,335
23 BTS Asset Management, Inc. 32.78% of their portfolio Lincoln, MA 704,871704.9k $64.9m $64.9m 32.78% New
24 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 656,884656.9k $60.5m $60.5m 0.02% Reduced -343.6k -343,638
25 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 637,058637.1k $58.6m $58.6m 0.04% Reduced -30.0k -29,980
26 Private Ocean, LLC 7.29% of their portfolio SAN RAFAEL, CA 625,307625.3k $57.5m $57.5m 7.29% Reduced -62.6k -62,578
27 MEEDER ASSET MANAGEMENT INC 3.83% of their portfolio DUBLIN, OH 571,560571.6k $52.6m $52.6m 3.83% Added +364.9k +364,947
28 HSBC HOLDINGS PLC 0.06% of their portfolio LONDON, X0 558,808558.8k $51.4m $51.4m 0.06% Reduced -31.6k -31,607
29 Sumitomo Mitsui DS Asset Management Company, Ltd 0.74% of their portfolio TOKYO, M0 524,167524.2k $48.2m $48.2m 0.74% Reduced -6.9k -6,919
30 BNP PARIBAS FINANCIAL MARKETS 0.09% of their portfolio PARIS, I0 521,261521.3k $48.0m $48.0m 0.09% Added +214.0k +214,031
31 Elo Mutual Pension Insurance Co 1.36% of their portfolio ESPOO, H9 502,000502.0k $46.2m $46.2m 1.36% Reduced -120.0k -120,000
32 AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio KANSAS CITY, MO 481,790481.8k $44.3m $44.3m 0.03% Reduced -71.2k -71,181
33 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 439,533439.5k $40.4m $40.4m 0.01% Added +108.3k +108,332
34 Man Group plc 0.13% of their portfolio LONDON, X0 439,204439.2k $40.4m $40.4m 0.13% New
35 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 411,200411.2k $37.8m $37.8m 0.00% Added +206.8k +206,794
36 UBS Group AG 0.01% of their portfolio ZURICH, V8 369,292369.3k $34.0m $34.0m 0.01% Reduced -13.0k -13,046
37 Bank Julius Baer & Co. Ltd, Zurich 0.19% of their portfolio ZURICH, V8 341,345341.3k $31.4m $31.4m 0.19% Reduced -87.5k -87,521
38 Nan Shan Life Insurance Co., Ltd. 0.75% of their portfolio Taipei City, F5 337,566337.6k $31.1m $31.1m 0.75% Unchanged
39 TOWNSQUARE CAPITAL LLC 0.55% of their portfolio Lehi, UT 329,633329.6k $30.3m $30.3m 0.55% Added +2.0k +1,990
40 HRT FINANCIAL LP 0.28% of their portfolio NEW YORK, NY 316,845316.8k $29.2m $29.2m 0.28% Reduced -375.8k -375,846
41 RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio NEW YORK, NY 292,500292.5k $26.9m $26.9m 0.04% Reduced -396.7k -396,700
42 Logan Stone Capital, LLC 8.01% of their portfolio CHICAGO, IL 256,818256.8k $23.6m $23.6m 8.01% Added +251.2k +251,214
43 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 246,397246.4k $22.7m $22.7m 0.01% New
44 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 238,119238.1k $21.9m $21.9m 0.01% Added +16.2k +16,168
45 FIRST CITIZENS BANK & TRUST CO 0.40% of their portfolio RALEIGH, NC 234,959235.0k $21.6m $21.6m 0.40% Reduced -53.2k -53,234
46 ALLSTATE CORP 1.25% of their portfolio NORTHBROOK, IL 212,913212.9k $19.6m $19.6m 1.25% Unchanged
47 Aveo Capital Partners, LLC 2.39% of their portfolio ENGLEWOOD, CO 204,694204.7k $18.8m $18.8m 2.39% Reduced -35.7k -35,694
48 CONNING INC. 0.62% of their portfolio HARTFORD, CT 200,000200.0k $18.4m $18.4m 0.62% Unchanged
49 SageView Advisory Group, LLC 1.02% of their portfolio Newport Beach, CA 198,717198.7k $18.3m $18.3m 1.02% Added +49.1k +49,068
50 Symmetry Partners, LLC 0.97% of their portfolio GLASTONBURY, CT 198,407198.4k $18.3m $18.3m 0.97% Added +9.4k +9,385
51 Balyasny Asset Management L.P. 0.05% of their portfolio Chicago, IL 195,816195.8k $18.0m $18.0m 0.05% Added +179.3k +179,258
52 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 195,572195.6k $18.0m $18.0m 0.01% Added +142.6k +142,606
53 Cetera Advisor Networks LLC 0.12% of their portfolio EL SEGUNDO, CA 191,894191.9k $17.6m $17.6m 0.12% Added +141.3k +141,318
54 Donoghue Forlines LLC 5.50% of their portfolio Boston, MA 191,127191.1k $17.6m $17.6m 5.50% Reduced -14.3k -14,316
55 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 172,796172.8k $15.9m $15.9m 0.02% Reduced -103.4k -103,415
56 Jefferies Financial Group Inc. 0.33% of their portfolio NEW YORK, NY 167,207167.2k $15.4m $15.4m 0.33% Added +130.8k +130,801
57 Chandler Asset Management, Inc. 3.94% of their portfolio SAN DIEGO, CA 163,407163.4k $15.0m $15.0m 3.94% Reduced -2.4k -2,370
58 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 153,512153.5k $14.1m $14.1m 0.02% Added +25.9k +25,851
59 GUGGENHEIM CAPITAL LLC 0.11% of their portfolio CHICAGO, IL 153,340153.3k $14.1m $14.1m 0.11% Added +7.3k +7,317
60 MML INVESTORS SERVICES, LLC 0.08% of their portfolio SPRINGFIELD, MA 147,851147.9k $13.6m $13.6m 0.08% Added +89.4k +89,371
61 ROVIN CAPITAL /UT/ /ADV 5.71% of their portfolio MESA, AZ 138,728138.7k $12.8m $12.8m 5.71% Added +5.5k +5,452
62 MACKENZIE FINANCIAL CORP 0.02% of their portfolio TORONTO ONTARIO, A6 137,781137.8k $12.6m $12.6m 0.02% Added +24.5k +24,491
63 TD AMERITRADE INVESTMENT MANAGEMENT, LLC 0.13% of their portfolio OMAHA, NE 128,931128.9k $11.9m $11.9m 0.13% Added +125 +125
64 BLB&B Advisors, LLC 0.78% of their portfolio MONTGOMERYVILLE, PA 121,130121.1k $11.1m $11.1m 0.78% Added +5.2k +5,234
65 RFG Advisory, LLC 0.47% of their portfolio BIRMINGHAM, AL 114,936114.9k $10.6m $10.6m 0.47% Added +966 +966
66 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 114,075114.1k $10.5m $10.5m 0.02% Reduced -163.3k -163,348
67 CoreCap Advisors, LLC 0.74% of their portfolio SOUTHFIELD, MI 113,186113.2k $10.4m $10.4m 0.74% First filing
68 Migdal Insurance & Financial Holdings Ltd. 0.24% of their portfolio Petach Tikva, L3 111,937111.9k $10.3m $10.3m 0.24% Reduced -17.2k -17,158
69 Apella Capital, LLC 0.66% of their portfolio WEST HARTFORD, CT 101,239101.2k $9.3m $9.3m 0.66% First filing
70 Checchi Capital Advisers, LLC 0.80% of their portfolio BEVERLY HILLS, CA 97,18597.2k $8.9m $8.9m 0.80% Added +15.2k +15,226
71 Csenge Advisory Group 0.59% of their portfolio CLEARWATER, FL 95,64395.6k $8.8m $8.8m 0.59% Added +92.3k +92,319
72 NewSquare Capital LLC 0.89% of their portfolio NEWTOWN SQUARE, PA 93,05793.1k $8.6m $8.6m 0.89% Added +3.0k +3,020
73 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 90,39290.4k $8.3m $8.3m 0.02% Reduced -154.5k -154,477
74 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 88,89888.9k $8.2m $8.2m 0.01% Reduced -9.1k -9,062
75 Veritable, L.P. 0.13% of their portfolio Newtown Square, PA 88,42388.4k $8.1m $8.1m 0.13% Added +230 +230
76 Crabel Capital Management, LLC 3.34% of their portfolio MILWAUKEE, WI 88,05788.1k $8.1m $8.1m 3.34% Added +37.6k +37,650
77 TWO SIGMA SECURITIES, LLC 0.65% of their portfolio NEW YORK, NY 86,06586.1k $7.9m $7.9m 0.65% Added +72.4k +72,389
78 Equitable Holdings, Inc. 0.11% of their portfolio NEW YORK, NY 84,89584.9k $7.8m $7.8m 0.11% Added +5.9k +5,865
79 Merriman Wealth Management, LLC 0.35% of their portfolio SEATTLE, WA 77,82777.8k $7.2m $7.2m 0.35% Reduced -2.6k -2,558
80 Aristotle Pacific Capital, LLC 12.48% of their portfolio NEWPORT BEACH, CA 75,88875.9k $7.0m $7.0m 12.48% Added +69.4k +69,355
81 Gerber Kawasaki Wealth & Investment Management 0.46% of their portfolio SANTA MONICA, CA 74,39974.4k $6.8m $6.8m 0.46% Added +19.8k +19,793
82 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 73,48573.5k $6.8m $6.8m 0.01% Reduced -93.8k -93,750
83 Shilanski & Associates, Inc. 2.73% of their portfolio ANCHORAGE, AK 73,39073.4k $6.8m $6.8m 2.73% Added +1.5k +1,540
84 Rafferty Asset Management, LLC 0.04% of their portfolio New York, NY 72,62772.6k $6.7m $6.7m 0.04% Reduced -173.3k -173,275
85 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 69,37969.4k $6.4m $6.4m 0.01% Added +7.0k +7,033
86 EisnerAmper Wealth Management Corporate Benefits, LLC 2.97% of their portfolio ISELIN, NJ 67,41767.4k $6.2m $6.2m 2.97% Reduced -164 -164
87 Vontobel Holding Ltd. 0.05% of their portfolio ZURICH, V8 65,09565.1k $6.0m $6.0m 0.05% Reduced -1.6k -1,634
88 Jump Financial, LLC 0.21% of their portfolio Chicago, IL 62,46862.5k $5.7m $5.7m 0.21% New
89 AE Wealth Management LLC 0.03% of their portfolio TOPEKA, KS 62,01262.0k $5.7m $5.7m 0.03% Added +44.0k +44,050
90 Jessup Wealth Management, Inc 2.87% of their portfolio DAYTON, OH 58,35558.4k $5.4m $5.4m 2.87% Added +75 +75
91 Windsor Capital Management, LLC 1.75% of their portfolio Phoenix, AZ 57,50657.5k $5.3m $5.3m 1.75% Reduced -1.7k -1,708
92 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 56,28856.3k $5.2m $5.2m 0.04% Added +23.0k +22,964
93 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 56,12856.1k $5.2m $5.2m 0.05% Added +43.3k +43,286
94 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 55,65355.7k $5.1m $5.1m 0.00% Reduced -61.2k -61,237
95 Anfield Capital Management, LLC 2.21% of their portfolio IRVINE, CA 55,00655.0k $5.1m $5.1m 2.21% Added +3.5k +3,469
96 IFP Advisors, Inc 0.12% of their portfolio TAMPA, FL 54,70854.7k $5.5m $5.5m 0.12% Added +27.4k +27,382
97 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 53,08753.1k $4.9m $4.9m 0.01% Reduced -2.2k -2,210
98 NICOLET ADVISORY SERVICES, LLC 0.52% of their portfolio GREEN BAY, WI 52,07052.1k $4.7m $4.7m 0.52% Added +1.5k +1,475
99 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 52,00052.0k $4.8m $4.8m 0.01% Reduced -79.0k -79,000
100 OneDigital Investment Advisors LLC 0.10% of their portfolio OVERLAND PARK, KS 50,95251.0k $4.7m $4.7m 0.10% Added +645 +645