Vault-13

SPDR SER TR JNK

BLOOMBERG HIGH Y · ETP · CUSIP 78468R622

555 institutional holders +18 vs Q4 2023
95,727,34895.7m shares reported held*
$9.1bnreported value*
73 new 197 added 171 reduced 54 sold out net bought ≈ $976.3m (+10.7m 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 ($6.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $95.02. Options: 4 managers hold calls ($4.2m notional), 3 hold puts ($11.5m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 468Q4 22: 538Q1 23: 510Q2 23: 518Q3 23: 516Q4 23: 537Q1 24: 555555Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022468
Q4 2022538
Q1 2023510
Q2 2023518
Q3 2023516
Q4 2023537
Q1 2024555

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 23Q4 23: 226 bought or addedQ4 23: 252 cut or sold outQ4 23Q1 24: 270 bought or addedQ1 24: 225 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022279220
Q1 2023203288
Q2 2023225241
Q3 2023220240
Q4 2023226252
Q1 2024270225

Calls vs puts

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

CallsPuts
$0$20m$40m$60m$80mQ2 23 calls: $14.3mQ2 23 puts: $37.2mQ2 23P/C 2.60Q3 23 calls: $15.2mQ3 23 puts: $31.6mQ3 23P/C 2.07Q4 23 calls: $49.3mQ4 23 puts: $60.6mQ4 23P/C 1.23Q1 24 calls: $4.2mQ1 24 puts: $11.5mQ1 24P/C 2.72
Numbers
QuarterCallsPutsP/C
Q2 2023$14.3m$37.2m2.60
Q3 2023$15.2m$31.6m2.07
Q4 2023$49.3m$60.6m1.23
Q1 2024$4.2m$11.5m2.72

Biggest buyers

STATE STREET CORP Added +3,642,985+3.6m
MORGAN STANLEY Added +3,402,498+3.4m
JANE STREET GROUP, LLC Added +1,758,741+1.8m
JPMORGAN CHASE & CO Added +1,696,564+1.7m
ARCH CAPITAL GROUP LTD. New +1,058,761+1.1m
Ocean Park Asset Management, LLC Added +775,100+775.1k
Angeles Investment Advisors, LLC Added +611,500+611.5k
Mitsubishi UFJ Asset Management Co., Ltd. Added +550,840+550.8k
BANK OF MONTREAL /CAN/ Added +377,581+377.6k
LPL Financial LLC Added +370,147+370.1k

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -1,723,022-1.7m
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -578,458-578.5k
Thrivent Financial for Lutherans Reduced -521,983-522.0k
1832 Asset Management L.P. Sold out -467,640-467.6k
OSAIC HOLDINGS, INC. Reduced -429,187-429.2k
BANK OF AMERICA CORP /DE/ Reduced -346,554-346.6k
Point72 Asset Management, L.P. Sold out -302,900-302.9k
FIRST CITIZENS BANK & TRUST CO Reduced -282,680-282.7k
SageView Advisory Group, LLC Sold out -220,848-220.8k
BNP PARIBAS FINANCIAL MARKETS Reduced -216,323-216.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.7m28.1k shares
CITADEL ADVISORS LLC Added $1.3m14.0k shares
GTS SECURITIES LLC New $219.0k2.3k shares
Cutler Group LLC / CA Reduced $1.0k1.1k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $8.4m87.9k shares
CITADEL ADVISORS LLC Reduced $3.2m33.1k shares
Cutler Group LLC / CA Reduced $1.0k800 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 STATE STREET CORP 0.05% of their portfolio BOSTON, MA 11,939,87511.9m $1.1bn $1.1bn 0.05% Added +3.6m +3,642,985
2 Clark Capital Management Group, Inc. 4.66% of their portfolio PHILADELPHIA, PA 6,566,7566.6m $625.2m $625.2m 4.66% Added +193.1k +193,086
3 GOLDMAN SACHS GROUP INC 0.12% of their portfolio NEW YORK, NY 5,844,3445.8m $556.4m $556.4m 0.12% Reduced -1.7m -1,723,022
4 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 5,065,1225.1m $482.2m $482.2m 0.01% Added +3.4m +3,402,498
5 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 4,561,8544.6m $434.3m $434.3m 0.02% Added +1.7m +1,696,564
6 Ocean Park Asset Management, LLC 20.26% of their portfolio SANTA MONICA, CA 4,517,7004.5m $430.1m $430.1m 20.26% Added +775.1k +775,100
7 WELLS FARGO & COMPANY/MN 0.10% of their portfolio SAN FRANCISCO, CA 4,105,4334.1m $390.8m $390.8m 0.10% Reduced -50.1k -50,112
8 ASSETMARK, INC 1.25% of their portfolio CONCORD, CA 4,033,1214.0m $384.0m $384.0m 1.25% Added +368.4k +368,425
9 Japan Science & Technology Agency 4.56% of their portfolio TOKYO, M0 3,858,0543.9m $367.3m $367.3m 4.56% Unchanged
10 ENVESTNET ASSET MANAGEMENT INC 0.11% of their portfolio Berwyn, PA 3,136,8063.1m $298.6m $298.6m 0.11% Added +72.9k +72,906
11 Mitsubishi UFJ Asset Management Co., Ltd. 0.36% of their portfolio TOKYO, M0 2,737,1372.7m $259.0m $259.0m 0.36% Added +550.8k +550,840
12 JANE STREET GROUP, LLC 0.31% of their portfolio NEW YORK, NY 2,545,2402.5m $242.3m $242.3m 0.31% Added +1.8m +1,758,741
13 BlackRock Inc. 0.00% of their portfolio New York, NY 2,132,9862.1m $203.1m $203.1m 0.00% Added +7.2k +7,187
14 Bank of New York Mellon Corp 0.03% of their portfolio NEW YORK, NY 1,695,9541.7m $161.5m $161.5m 0.03% Reduced -214.3k -214,334
15 Kensington Asset Management, LLC 7.86% of their portfolio AUSTIN, TX 1,651,3001.7m $157.2m $157.2m 7.86% Unchanged
16 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.92% of their portfolio IRVING, TX 1,170,3441.2m $111.4m $111.4m 0.92% Reduced -21.8k -21,845
17 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.73% of their portfolio VICTORIA, A1 1,110,0001.1m $105.7m $105.7m 0.73% Unchanged
18 Thrivent Financial for Lutherans 0.21% of their portfolio Minneapolis, MN 1,085,7681.1m $103.4m $103.4m 0.21% Reduced -522.0k -521,983
19 ARCH CAPITAL GROUP LTD. 17.17% of their portfolio PEMBROKE, D0 1,058,7611.1m $100.8m $100.8m 17.17% New
20 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 981,593981.6k $93.4m $93.4m 0.05% Added +370.1k +370,147
21 Angeles Investment Advisors, LLC 4.69% of their portfolio SANTA MONICA, CA 927,000927.0k $88.3m $88.3m 4.69% Added +611.5k +611,500
22 Man Group plc 0.23% of their portfolio LONDON, X0 892,377892.4k $85.0m $85.0m 0.23% Unchanged
23 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 833,541833.5k $79.4m $79.4m 0.01% Reduced -346.6k -346,554
24 TOEWS CORP /ADV 11.09% of their portfolio NORTHFIELD, NJ 670,100670.1k $63.8m $63.8m 11.09% Reduced -68.2k -68,200
25 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 669,005669.0k $63.7m $63.7m 0.02% Reduced -21.6k -21,552
26 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 652,273652.3k $62.1m $62.1m 0.02% Reduced -173.7k -173,720
27 OSAIC HOLDINGS, INC. 0.14% of their portfolio SCOTTSDALE, AZ 647,294647.3k $61.6m $61.6m 0.14% Reduced -429.2k -429,187
28 Aristotle Pacific Capital, LLC 22.31% of their portfolio NEWPORT BEACH, CA 636,186636.2k $60.6m $60.6m 22.31% Added +132.8k +132,761
29 Sumitomo Mitsui DS Asset Management Company, Ltd 0.75% of their portfolio TOKYO, M0 634,008634.0k $60.4m $60.4m 0.75% Added +51.4k +51,441
30 PNC Financial Services Group, Inc. 0.04% of their portfolio Pittsburgh, PA 620,502620.5k $59.1m $59.1m 0.04% Reduced -106.1k -106,069
31 Private Ocean, LLC 5.12% of their portfolio SAN RAFAEL, CA 507,753507.8k $48.3m $48.3m 5.12% Reduced -23.9k -23,939
32 Balyasny Asset Management L.P. 0.12% of their portfolio Chicago, IL 497,742497.7k $47.4m $47.4m 0.12% Added +74.7k +74,677
33 Quotient Wealth Partners, LLC 1.66% of their portfolio DALLAS, TX 489,114489.1k $46.6m $46.6m 1.66% Reduced -22.3k -22,317
34 Dynasty Wealth Management, LLC 1.48% of their portfolio ST. PETERSBURG, FL 488,645488.6k $46.5m $46.5m 1.48% First filing
35 HSBC HOLDINGS PLC 0.03% of their portfolio LONDON, X0 453,423453.4k $43.2m $43.2m 0.03% Added +11.5k +11,516
36 Logan Stone Capital, LLC 9.14% of their portfolio CHICAGO, IL 446,853446.9k $42.5m $42.5m 9.14% Added +326.7k +326,743
37 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 423,831423.8k $40.4m $40.4m 0.01% Added +377.6k +377,581
38 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 397,970398.0k $37.9m $37.9m 0.02% Unchanged
39 UBS Group AG 0.01% of their portfolio ZURICH, V8 378,664378.7k $36.0m $36.0m 0.01% Added +14.5k +14,496
40 Jefferies Financial Group Inc. 0.67% of their portfolio NEW YORK, NY 347,786347.8k $33.1m $33.1m 0.67% Reduced -51.9k -51,884
41 Bank Julius Baer & Co. Ltd, Zurich 0.13% of their portfolio ZURICH, V8 346,649346.6k $33.0m $33.0m 0.13% Reduced -1.3k -1,261
42 Nan Shan Life Insurance Co., Ltd. 0.76% of their portfolio Taipei City, F5 337,566337.6k $32.1m $32.1m 0.76% Unchanged
43 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 328,361328.4k $31.3m $31.3m 0.03% Reduced -12.2k -12,235
44 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 313,115313.1k $29.8m $29.8m 0.03% Added +29.8k +29,754
45 Rafferty Asset Management, LLC 0.11% of their portfolio New York, NY 311,863311.9k $29.7m $29.7m 0.11% Added +77.0k +76,963
46 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 300,746300.7k $31.3m $31.3m 0.01% Unchanged
47 Cetera Investment Advisers 0.07% of their portfolio SCHAUMBURG, IL 292,280292.3k $27.8m $27.8m 0.07% Added +235.5k +235,473
48 Envestnet Portfolio Solutions, Inc. 0.09% of their portfolio BERWYN, PA 263,437263.4k $25.1m $25.1m 0.09% Reduced -181.7k -181,710
49 SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio London, X0 261,160261.2k $24.9m $24.9m 0.03% Reduced -578.5k -578,458
50 Global Assets Advisory, LLC 0.10% of their portfolio ORLANDO, FL 247,328247.3k $2.6k $2.6k 0.10% New
51 TOWNSQUARE CAPITAL LLC 0.33% of their portfolio Lehi, UT 239,216239.2k $22.8m $22.8m 0.33% Reduced -23.1k -23,147
52 BTS Asset Management, Inc. 18.44% of their portfolio Lincoln, MA 234,068234.1k $22.3m $22.3m 18.44% Reduced -29.9k -29,897
53 ALLSTATE CORP 1.44% of their portfolio NORTHBROOK, IL 212,913212.9k $20.3m $20.3m 1.44% Unchanged
54 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 182,288182.3k $17.4m $17.4m 0.03% Added +50.5k +50,532
55 CAPSTONE INVESTMENT ADVISORS, LLC 0.32% of their portfolio NEW YORK, NY 181,401181.4k $17.3m $17.3m 0.32% Added +14.6k +14,600
56 OLD MISSION CAPITAL LLC 0.42% of their portfolio CHICAGO, IL 180,630180.6k $17.2m $17.2m 0.42% New
57 Equitable Holdings, Inc. 0.19% of their portfolio NEW YORK, NY 178,221178.2k $17.0m $17.0m 0.19% Added +59.6k +59,619
58 NewSquare Capital LLC 1.46% of their portfolio NEWTOWN SQUARE, PA 174,750174.8k $16.5m $16.5m 1.46% Reduced -205 -205
59 Checchi Capital Advisers, LLC 1.29% of their portfolio BEVERLY HILLS, CA 173,730173.7k $16.5m $16.5m 1.29% Added +29.5k +29,477
60 Chandler Asset Management, Inc. 3.34% of their portfolio SAN DIEGO, CA 172,916172.9k $16.5m $16.5m 3.34% Added +2.1k +2,100
61 Prime Capital Investment Advisors, LLC 0.22% of their portfolio OVERLAND PARK, KS 169,158169.2k $16.1m $16.1m 0.22% Added +3.9k +3,887
62 SUN LIFE FINANCIAL INC 0.97% of their portfolio Toronto, A6 168,000168.0k $15.4m $15.4m 0.97% New
63 HRT FINANCIAL LP 0.09% of their portfolio NEW YORK, NY 160,503160.5k $15.3m $15.3m 0.09% New
64 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 156,907156.9k $14.9m $14.9m 0.02% Reduced -216.3k -216,323
65 One Capital Management, LLC 0.54% of their portfolio WESTLAKE VILLAGE, CA 156,625156.6k $14.9m $14.9m 0.54% Added +16.5k +16,455
66 GUGGENHEIM CAPITAL LLC 0.10% of their portfolio CHICAGO, IL 146,788146.8k $14.0m $14.0m 0.10% Reduced -5 -5
67 BLB&B Advisors, LLC 0.78% of their portfolio MONTGOMERYVILLE, PA 145,138145.1k $13.8m $13.8m 0.78% Added +8.5k +8,510
68 MML INVESTORS SERVICES, LLC 0.06% of their portfolio SPRINGFIELD, MA 141,744141.7k $13.5m $13.5m 0.06% Added +973 +973
69 RFG Advisory, LLC 0.43% of their portfolio BIRMINGHAM, AL 133,799133.8k $12.7m $12.7m 0.43% Added +11.3k +11,330
70 Gerber Kawasaki Wealth & Investment Management 0.68% of their portfolio SANTA MONICA, CA 132,018132.0k $12.6m $12.6m 0.68% Added +25.6k +25,625
71 Apella Capital, LLC 0.60% of their portfolio WEST HARTFORD, CT 126,818126.8k $12.0m $12.0m 0.60% Added +12.1k +12,124
72 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 126,300126.3k $12.0m $12.0m 0.02% New
73 Raymond James Financial Services Advisors, Inc. 0.02% of their portfolio ST. PETERSBURG, FL 126,152126.2k $12.0m $12.0m 0.02% Added +48.6k +48,623
74 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 119,841119.8k $11.4m $11.4m 0.01% Reduced -16.1k -16,124
75 CIBC Asset Management Inc 0.04% of their portfolio TORONTO, Z4 118,454118.5k $11.3m $11.3m 0.04% Added +30.5k +30,473
76 FSA WEALTH PARTNERS, INC. 2.69% of their portfolio Rockville, MD 113,652113.7k $10.8m $10.8m 2.69% Reduced -3.3k -3,303
77 Jessup Wealth Management, Inc 4.44% of their portfolio DAYTON, OH 108,895108.9k $10.4m $10.4m 4.44% Added +12.4k +12,361
78 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 108,576108.6k $10.3m $10.3m 0.01% Added +20.6k +20,603
79 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 106,865106.9k $10.2m $10.2m 0.02% New
80 PARK AVENUE SECURITIES LLC 0.13% of their portfolio NEW YORK, NY 103,534103.5k $9.9m $9.9m 0.13% Added +44.1k +44,110
81 NORDEN GROUP LLC 2.00% of their portfolio PROVO, UT 103,434103.4k $9.8m $9.8m 2.00% New
82 CONNING INC. 0.31% of their portfolio HARTFORD, CT 100,000100.0k $9.5m $9.5m 0.31% Reduced -100.0k -100,000
83 Apollon Wealth Management, LLC 0.29% of their portfolio MOUNT PLEASANT, SC 96,54596.5k $9.2m $9.2m 0.29% Added +1.0k +1,015
84 Csenge Advisory Group 0.50% of their portfolio CLEARWATER, FL 93,75793.8k $8.9m $8.9m 0.50% Added +669 +669
85 Shilanski & Associates, Inc. 2.97% of their portfolio ANCHORAGE, AK 90,59990.6k $8.6m $8.6m 2.97% Added +5.1k +5,125
86 Kingsview Wealth Management, LLC 0.20% of their portfolio GRANTS PASS, OR 84,86284.9k $8.1m $8.1m 0.20% Added +529 +529
87 Migdal Insurance & Financial Holdings Ltd. 0.13% of their portfolio Petach Tikva, L3 83,92883.9k $8.0m $8.0m 0.13% Reduced -4.5k -4,491
88 Aspire Private Capital, LLC 2.08% of their portfolio Cornelius, NC 83,09783.1k $7.9m $7.9m 2.08% Added +66.3k +66,264
89 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 81,16281.2k $7.7m $7.7m 0.01% Reduced -153.2k -153,155
90 Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio SEOUL, M5 80,00080.0k $7.6m $7.6m 0.02% Added +8.0k +8,000
91 IFG Advisory, LLC 0.56% of their portfolio ATLANTA, GA 79,04579.0k $7.5m $7.5m 0.56% Added +11.9k +11,897
92 Integrated Wealth Concepts LLC 0.11% of their portfolio WALTHAM, MA 77,85577.9k $7.4m $7.4m 0.11% Added +6.2k +6,152
93 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 77,31777.3k $7.4m $7.4m 0.01% Added +7.6k +7,619
94 MACKENZIE FINANCIAL CORP 0.01% of their portfolio TORONTO ONTARIO, A6 75,34375.3k $7.2m $7.2m 0.01% Reduced -63.5k -63,462
95 Sound Income Strategies, LLC 0.54% of their portfolio FT LAUDERDALE, FL 75,28275.3k $7.2m $7.2m 0.54% Added +22.7k +22,742
96 Symmetry Partners, LLC 0.54% of their portfolio GLASTONBURY, CT 72,68972.7k $6.9m $6.9m 0.54% Reduced -133.7k -133,651
97 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 72,06672.1k $6.9m $6.9m 0.00% Reduced -21.4k -21,450
98 ROVIN CAPITAL /UT/ /ADV 2.81% of their portfolio MESA, AZ 71,95372.0k $6.8m $6.8m 2.81% Added +6.0k +6,008
99 Coppell Advisory Solutions Corp. 1.28% of their portfolio COPPELL, TX 71,57271.6k $6.8m $6.8m 1.28% First filing
100 Prospera Financial Services Inc 0.20% of their portfolio Dallas, TX 70,49970.5k $6.7m $6.7m 0.20% Reduced -2.3k -2,347