Vault-13

SPDR SER TR JNK

BLOOMBERG HIGH Y · ETP · CUSIP 78468R622

516 institutional holders -2 vs Q2 2023
78,380,63378.4m shares reported held*
$7.1bnreported value*
54 new 166 added 186 reduced 54 sold out net sold ≈ $634.9m (-7.4m 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 ($202.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $90.89. Options: 5 managers hold calls ($15.2m notional), 7 hold puts ($31.6m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 468Q4 22: 538Q1 23: 510Q2 23: 518Q3 23: 516516Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022468
Q4 2022538
Q1 2023510
Q2 2023518
Q3 2023516

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 23Q3 23: 220 bought or addedQ3 23: 240 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022279220
Q1 2023203288
Q2 2023225241
Q3 2023220240

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ4 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 2.60Q3 23 calls: $15.2mQ3 23 puts: $31.6mQ3 23P/C 2.07
Numbers
QuarterCallsPutsP/C
Q4 2022$19.8m$157.1m7.93
Q1 2023$15.5m$68.3m4.42
Q2 2023$14.3m$37.2m2.60
Q3 2023$15.2m$31.6m2.07

Biggest buyers

JANE STREET GROUP, LLC Added +1,191,261+1.2m
SCHRODER INVESTMENT MANAGEMENT GROUP Added +957,190+957.2k
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp New +774,000+774.0k
GOLDMAN SACHS GROUP INC Added +720,144+720.1k
OSAIC HOLDINGS, INC. Added +570,997+571.0k
Ocean Park Asset Management, LLC Added +416,798+416.8k
Man Group plc New +408,138+408.1k
Squarepoint Ops LLC New +391,011+391.0k
JPMORGAN CHASE & CO Added +345,319+345.3k
Balyasny Asset Management L.P. Added +334,312+334.3k

Biggest sellers

Clark Capital Management Group, Inc. Reduced -4,208,592-4.2m
BlackRock Inc. Reduced -2,723,081-2.7m
TOEWS CORP /ADV Sold out -1,846,400-1.8m
Kensington Asset Management, LLC Sold out -1,220,000-1.2m
MORGAN STANLEY Reduced -853,411-853.4k
ENVESTNET ASSET MANAGEMENT INC Reduced -786,621-786.6k
UNITED CAPITAL FINANCIAL ADVISORS, LLC Reduced -508,449-508.4k
BNP PARIBAS FINANCIAL MARKETS Reduced -451,863-451.9k
Man Group plc Sold out -439,204-439.2k
HRT FINANCIAL LP Sold out -316,845-316.8k

Biggest calls

CITADEL ADVISORS LLC Added $6.1m67.8k shares
Point72 Asset Management, L.P. Reduced $4.3m47.8k shares
Walleye Trading LLC Reduced $2.9m31.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.9m20.9k shares
Cutler Group LLC / CA Reduced $0100 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $23.3m257.2k shares
Walleye Trading LLC Added $6.0m66.5k shares
CITADEL ADVISORS LLC Reduced $1.6m17.2k shares
GTS SECURITIES LLC New $650.9k7.2k shares
Private Advisor Group, LLC New $68.2k75.4k shares
HighTower Advisors, LLC New $18.8k300 shares
Cutler Group LLC / CA Added $4.0k1.7k 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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 STATE STREET CORP 0.04% of their portfolio BOSTON, MA 8,361,9518.4m $755.9m $755.9m 0.04% Reduced -18.5k -18,529
2 Ocean Park Asset Management, LLC 19.32% of their portfolio SANTA MONICA, CA 4,796,6064.8m $433.6m $433.6m 19.32% Added +416.8k +416,798
3 GOLDMAN SACHS GROUP INC 0.10% of their portfolio NEW YORK, NY 4,557,4094.6m $412.0m $412.0m 0.10% Added +720.1k +720,144
4 WELLS FARGO & COMPANY/MN 0.12% of their portfolio SAN FRANCISCO, CA 4,103,7754.1m $371.0m $371.0m 0.12% Reduced -16.3k -16,330
5 JANE STREET GROUP, LLC 0.57% of their portfolio NEW YORK, NY 4,071,1844.1m $368.0m $368.0m 0.57% Added +1.2m +1,191,261
6 ENVESTNET ASSET MANAGEMENT INC 0.16% of their portfolio Berwyn, PA 3,967,9514.0m $358.7m $358.7m 0.16% Reduced -786.6k -786,621
7 Japan Science & Technology Agency 3.94% of their portfolio TOKYO, M0 3,858,0543.9m $348.8m $348.8m 3.94% Unchanged
8 Clark Capital Management Group, Inc. 3.34% of their portfolio PHILADELPHIA, PA 3,696,5363.7m $334.2m $334.2m 3.34% Reduced -4.2m -4,208,592
9 ASSETMARK, INC 1.26% of their portfolio CONCORD, CA 3,498,1123.5m $316.2m $316.2m 1.26% Added +12.0k +11,973
10 BlackRock Inc. 0.01% of their portfolio New York, NY 2,717,0512.7m $245.6m $245.6m 0.01% Reduced -2.7m -2,723,081
11 Mitsubishi UFJ Asset Management Co., Ltd. 0.49% of their portfolio TOKYO, M0 2,679,9772.7m $242.3m $242.3m 0.49% Reduced -293.8k -293,830
12 UNITED CAPITAL FINANCIAL ADVISORS, LLC 1.30% of their portfolio IRVING, TX 2,186,6252.2m $197.7m $197.7m 1.30% Reduced -508.4k -508,449
13 Thrivent Financial for Lutherans 0.36% of their portfolio Minneapolis, MN 1,664,4391.7m $150.5m $150.5m 0.36% Added +10.0k +9,999
14 Bank of New York Mellon Corp 0.03% of their portfolio NEW YORK, NY 1,550,5991.6m $140.2m $140.2m 0.03% Reduced -72.7k -72,684
15 OSAIC HOLDINGS, INC. 0.20% of their portfolio SCOTTSDALE, AZ 1,471,5801.5m $133.1m $133.1m 0.20% Added +571.0k +570,997
16 State of New Jersey Common Pension Fund D 0.47% of their portfolio TRENTON, NJ 1,437,7001.4m $130.0m $130.0m 0.47% Reduced -42.3k -42,300
17 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,139,9801.1m $103.1m $103.1m 0.01% Reduced -853.4k -853,411
18 SCHRODER INVESTMENT MANAGEMENT GROUP 0.13% of their portfolio London, X0 979,690979.7k $88.6m $88.6m 0.13% Added +957.2k +957,190
19 MEEDER ASSET MANAGEMENT INC 5.89% of their portfolio DUBLIN, OH 825,141825.1k $74.6m $74.6m 5.89% Added +253.6k +253,581
20 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.66% of their portfolio VICTORIA, A1 774,000774.0k $70.0m $70.0m 0.66% New
21 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 756,519756.5k $68.4m $68.4m 0.01% Added +345.3k +345,319
22 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 743,518743.5k $67.2m $67.2m 0.01% Reduced -75.1k -75,073
23 PNC Financial Services Group, Inc. 0.06% of their portfolio Pittsburgh, PA 737,503737.5k $66.7m $66.7m 0.06% Added +5.3k +5,319
24 1832 Asset Management L.P. 0.14% of their portfolio TORONTO, A6 732,827732.8k $66.2m $66.2m 0.14% Reduced -12.7k -12,712
25 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 688,960689.0k $62.3m $62.3m 0.04% Added +51.9k +51,902
26 BTS Asset Management, Inc. 38.21% of their portfolio Lincoln, MA 652,966653.0k $59.0m $59.0m 38.21% Reduced -51.9k -51,905
27 Sumitomo Mitsui DS Asset Management Company, Ltd 0.87% of their portfolio TOKYO, M0 622,439622.4k $56.3m $56.3m 0.87% Added +98.3k +98,272
28 Private Ocean, LLC 6.60% of their portfolio SAN RAFAEL, CA 575,457575.5k $52.0m $52.0m 6.60% Reduced -49.9k -49,850
29 HSBC HOLDINGS PLC 0.06% of their portfolio LONDON, X0 558,237558.2k $50.5m $50.5m 0.06% Reduced -571 -571
30 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 539,064539.1k $48.7m $48.7m 0.02% Added +99.5k +99,531
31 Balyasny Asset Management L.P. 0.13% of their portfolio Chicago, IL 530,128530.1k $47.9m $47.9m 0.13% Added +334.3k +334,312
32 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 521,566521.6k $47.1m $47.1m 0.01% Reduced -135.3k -135,318
33 Elo Mutual Pension Insurance Co 1.40% of their portfolio ESPOO, H9 502,000502.0k $45.4m $45.4m 1.40% Unchanged
34 AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio KANSAS CITY, MO 461,038461.0k $41.7m $41.7m 0.03% Reduced -20.8k -20,752
35 Man Group plc 0.11% of their portfolio LONDON, X0 408,138408.1k $36.9m $36.9m 0.11% New
36 Squarepoint Ops LLC 0.17% of their portfolio NEW YORK, NY 391,011391.0k $35.3m $35.3m 0.17% New
37 Envestnet Portfolio Solutions, Inc. 0.15% of their portfolio BERWYN, PA 352,910352.9k $31.9m $31.9m 0.15% First filing
38 UBS Group AG 0.01% of their portfolio ZURICH, V8 352,400352.4k $31.9m $31.9m 0.01% Reduced -16.9k -16,892
39 Bank Julius Baer & Co. Ltd, Zurich 0.19% of their portfolio ZURICH, V8 352,014352.0k $31.8m $31.8m 0.19% Added +10.7k +10,669
40 Nan Shan Life Insurance Co., Ltd. 0.83% of their portfolio Taipei City, F5 337,566337.6k $30.5m $30.5m 0.83% Unchanged
41 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 311,586311.6k $28.2m $28.2m 0.03% Added +158.1k +158,074
42 Logan Stone Capital, LLC 7.26% of their portfolio CHICAGO, IL 293,679293.7k $26.5m $26.5m 7.26% Added +36.9k +36,861
43 TOWNSQUARE CAPITAL LLC 0.47% of their portfolio Lehi, UT 286,136286.1k $25.9m $25.9m 0.47% Reduced -43.5k -43,497
44 SEI INVESTMENTS CO 0.05% of their portfolio OAKS, PA 284,118284.1k $25.7m $25.7m 0.05% New
45 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 261,985262.0k $23.7m $23.7m 0.01% Added +23.9k +23,866
46 FIRST CITIZENS BANK & TRUST CO 0.42% of their portfolio RALEIGH, NC 237,632237.6k $21.5m $21.5m 0.42% Added +2.7k +2,673
47 Cambridge Investment Research Advisors, Inc. 0.10% of their portfolio FAIRFIELD, IA 225,614225.6k $20.4m $20.4m 0.10% Added +198.2k +198,155
48 Cetera Advisor Networks LLC 0.13% of their portfolio EL SEGUNDO, CA 223,507223.5k $20.2m $20.2m 0.13% Added +31.6k +31,613
49 ALLSTATE CORP 1.13% of their portfolio NORTHBROOK, IL 212,913212.9k $19.2m $19.2m 1.13% Unchanged
50 Symmetry Partners, LLC 0.99% of their portfolio GLASTONBURY, CT 202,648202.6k $18.3m $18.3m 0.99% Added +4.2k +4,241
51 Aveo Capital Partners, LLC 2.40% of their portfolio ENGLEWOOD, CO 201,551201.6k $18.2m $18.2m 2.40% Reduced -3.1k -3,143
52 CONNING INC. 0.66% of their portfolio HARTFORD, CT 200,000200.0k $18.1m $18.1m 0.66% Unchanged
53 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 195,572195.6k $17.7m $17.7m 0.01% Unchanged
54 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 176,070176.1k $15.9m $15.9m 0.03% Added +85.7k +85,678
55 Chandler Asset Management, Inc. 3.63% of their portfolio SAN DIEGO, CA 165,611165.6k $15.0m $15.0m 3.63% Added +2.2k +2,204
56 Raymond James Financial Services Advisors, Inc. 0.03% of their portfolio ST. PETERSBURG, FL 164,153164.2k $14.8m $14.8m 0.03% Added +90.7k +90,668
57 SageView Advisory Group, LLC 0.82% of their portfolio Newport Beach, CA 158,700158.7k $14.3m $14.3m 0.82% Reduced -40.0k -40,017
58 MML INVESTORS SERVICES, LLC 0.08% of their portfolio SPRINGFIELD, MA 157,043157.0k $14.2m $14.2m 0.08% Added +9.2k +9,192
59 Checchi Capital Advisers, LLC 1.31% of their portfolio BEVERLY HILLS, CA 156,109156.1k $14.1m $14.1m 1.31% Added +58.9k +58,924
60 Financial & Tax Architects, LLC 4.23% of their portfolio ST LOUIS, MO 150,802150.8k $13.6m $13.6m 4.23% New
61 One Capital Management, LLC 0.60% of their portfolio WESTLAKE VILLAGE, CA 149,203149.2k $13.5m $13.5m 0.60% New
62 GUGGENHEIM CAPITAL LLC 0.11% of their portfolio CHICAGO, IL 143,034143.0k $12.9m $12.9m 0.11% Reduced -10.3k -10,306
63 BLB&B Advisors, LLC 0.88% of their portfolio MONTGOMERYVILLE, PA 136,670136.7k $12.4m $12.4m 0.88% Added +15.5k +15,540
64 ROVIN CAPITAL /UT/ /ADV 5.65% of their portfolio MESA, AZ 135,525135.5k $12.3m $12.3m 5.65% Reduced -3.2k -3,203
65 MACKENZIE FINANCIAL CORP 0.02% of their portfolio TORONTO ONTARIO, A6 126,010126.0k $11.1m $11.1m 0.02% Reduced -11.8k -11,771
66 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 119,257119.3k $10.8m $10.8m 0.00% New
67 RFG Advisory, LLC 0.47% of their portfolio BIRMINGHAM, AL 117,240117.2k $10.6m $10.6m 0.47% Added +2.3k +2,304
68 FSA WEALTH PARTNERS, INC. 5.10% of their portfolio Rockville, MD 115,362115.4k $10.4m $10.4m 5.10% New
69 Atria Wealth Solutions, Inc. 0.15% of their portfolio NEW YORK, NY 114,621114.6k $10.4m $10.4m 0.15% Added +71.9k +71,944
70 Apella Capital, LLC 0.70% of their portfolio WEST HARTFORD, CT 109,421109.4k $9.9m $9.9m 0.70% Added +8.2k +8,182
71 AE Wealth Management LLC 0.05% of their portfolio TOPEKA, KS 99,87199.9k $9.0m $9.0m 0.05% Added +37.9k +37,859
72 NewSquare Capital LLC 0.90% of their portfolio NEWTOWN SQUARE, PA 96,01396.0k $8.6m $8.6m 0.90% Added +3.0k +2,956
73 Csenge Advisory Group 0.59% of their portfolio CLEARWATER, FL 95,15495.2k $8.6m $8.6m 0.59% Reduced -489 -489
74 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 95,13495.1k $8.6m $8.6m 0.01% Reduced -77.7k -77,662
75 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 93,59793.6k $8.5m $8.5m 0.01% Added +4.7k +4,699
76 CoreCap Advisors, LLC 0.60% of their portfolio SOUTHFIELD, MI 92,28992.3k $8.3m $8.3m 0.60% Reduced -20.9k -20,897
77 Gerber Kawasaki Wealth & Investment Management 0.56% of their portfolio SANTA MONICA, CA 91,37291.4k $8.3m $8.3m 0.56% Added +17.0k +16,973
78 Migdal Insurance & Financial Holdings Ltd. 0.17% of their portfolio Petach Tikva, L3 87,81987.8k $7.9m $7.9m 0.17% Reduced -24.1k -24,118
79 PATHSTONE FAMILY OFFICE, LLC 0.06% of their portfolio ENGLEWOOD, NJ 85,14285.1k $7.7m $7.7m 0.06% New
80 Kingsview Wealth Management, LLC 0.27% of their portfolio GRANTS PASS, OR 83,08383.1k $7.5m $7.5m 0.27% Added +41.0k +40,985
81 Shilanski & Associates, Inc. 2.92% of their portfolio ANCHORAGE, AK 79,34479.3k $7.2m $7.2m 2.92% Added +6.0k +5,954
82 DARK FOREST CAPITAL MANAGEMENT LP 0.60% of their portfolio NEW YORK, NY 78,93478.9k $7.1m $7.1m 0.60% Added +42.3k +42,312
83 Equitable Holdings, Inc. 0.10% of their portfolio NEW YORK, NY 78,73478.7k $7.1m $7.1m 0.10% Reduced -6.2k -6,161
84 MESIROW FINANCIAL INVESTMENT MANAGEMENT - Fixed Income 7.66% of their portfolio CHICAGO, IL 75,00075.0k $6.8m $6.8m 7.66% New
85 Merriman Wealth Management, LLC 0.35% of their portfolio SEATTLE, WA 74,11174.1k $6.7m $6.7m 0.35% Reduced -3.7k -3,716
86 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 70,92970.9k $6.4m $6.4m 0.01% Added +1.6k +1,550
87 Rafferty Asset Management, LLC 0.04% of their portfolio New York, NY 70,67770.7k $6.4m $6.4m 0.04% Reduced -1.9k -1,950
88 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 69,39869.4k $6.3m $6.3m 0.01% Reduced -451.9k -451,863
89 IFG Advisory, LLC 0.49% of their portfolio ATLANTA, GA 64,89464.9k $5.9m $5.9m 0.49% New
90 Kestra Advisory Services, LLC 0.06% of their portfolio AUSTIN, TX 64,26164.3k $5.8m $5.8m 0.06% Added +8.1k +8,133
91 Vontobel Holding Ltd. 0.05% of their portfolio ZURICH, V8 62,89762.9k $5.7m $5.7m 0.05% Reduced -2.2k -2,198
92 Aristotle Pacific Capital, LLC 3.35% of their portfolio NEWPORT BEACH, CA 62,63662.6k $5.7m $5.7m 3.35% Reduced -13.3k -13,252
93 Jessup Wealth Management, Inc 3.16% of their portfolio DAYTON, OH 60,61360.6k $5.5m $5.5m 3.16% Added +2.3k +2,258
94 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 59,40859.4k $5.5m $5.5m 0.00% Added +3.8k +3,755
95 Cetera Investment Advisers 0.05% of their portfolio SCHAUMBURG, IL 59,28259.3k $5.4m $5.4m 0.05% Added +3.0k +2,994
96 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 58,00058.0k $5.2m $5.2m 0.01% Added +6.0k +6,000
97 Windsor Capital Management, LLC 1.74% of their portfolio Phoenix, AZ 55,62655.6k $5.0m $5.0m 1.74% Reduced -1.9k -1,880
98 Riggs Asset Managment Co. Inc. 1.78% of their portfolio DALLAS, PA 55,18755.2k $5.0m $5.0m 1.78% Added +55.2k +55,154
99 Coppell Advisory Solutions LLC 1.69% of their portfolio COPPELL, TX 54,67554.7k $4.9m $4.9m 1.69% Added +48.0k +48,035
100 PARK AVENUE SECURITIES LLC 0.07% of their portfolio NEW YORK, NY 51,94351.9k $4.7m $4.7m 0.07% Added +9.0k +8,981