Vault-13

SPDR SER TR JNK

BLOOMBERG HIGH Y · ETP · CUSIP 78468R622

543 institutional holders -12 vs Q1 2024
85,739,42985.7m shares reported held*
$8.1bnreported value*
50 new 193 added 193 reduced 64 sold out net sold ≈ $928.3m (-10.1m 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 ($7.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $94.35. Options: 3 managers hold calls ($2.9m notional), 3 hold puts ($10.7m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 468Q4 22: 538Q1 23: 510Q2 23: 518Q3 23: 516Q4 23: 537Q1 24: 555Q2 24: 543543Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022468
Q4 2022538
Q1 2023510
Q2 2023518
Q3 2023516
Q4 2023537
Q1 2024555
Q2 2024543

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 outQ2 23: 225 bought or addedQ2 23: 241 cut or sold outQ2 23Q3 23: 220 bought or addedQ3 23: 240 cut or sold outQ4 23: 226 bought or addedQ4 23: 252 cut or sold outQ4 23Q1 24: 270 bought or addedQ1 24: 225 cut or sold outQ2 24: 243 bought or addedQ2 24: 257 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022279220
Q1 2023203288
Q2 2023225241
Q3 2023220240
Q4 2023226252
Q1 2024270225
Q2 2024243257

Calls vs puts

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

CallsPuts
$0$20m$40m$60m$80mQ3 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 2.72Q2 24 calls: $2.9mQ2 24 puts: $10.7mQ2 24P/C 3.65
Numbers
QuarterCallsPutsP/C
Q3 2023$15.2m$31.6m2.07
Q4 2023$49.3m$60.6m1.23
Q1 2024$4.2m$11.5m2.72
Q2 2024$2.9m$10.7m3.65

Biggest buyers

TOEWS CORP /ADV Added +441,900+441.9k
Mitsubishi UFJ Asset Management Co., Ltd. Added +412,520+412.5k
GOLDMAN SACHS GROUP INC Added +338,917+338.9k
Migdal Insurance & Financial Holdings Ltd. Added +316,387+316.4k
AMERIPRISE FINANCIAL INC Added +289,424+289.4k
Ocean Park Asset Management, LLC Added +273,096+273.1k
ASSETMARK, INC Added +238,304+238.3k
LOOMIS SAYLES & CO L P Added +200,181+200.2k
SEI INVESTMENTS CO Added +180,000+180.0k
MESIROW FINANCIAL INVESTMENT MANAGEMENT - Fixed Income Added +180,000+180.0k

Biggest sellers

MORGAN STANLEY Reduced -4,228,006-4.2m
JPMORGAN CHASE & CO Reduced -3,218,198-3.2m
JANE STREET GROUP, LLC Reduced -1,829,875-1.8m
ARCH CAPITAL GROUP LTD. Sold out -1,058,761-1.1m
Dynasty Wealth Management, LLC Reduced -422,732-422.7k
Quotient Wealth Partners, LLC Reduced -421,618-421.6k
BANK OF MONTREAL /CAN/ Reduced -374,161-374.2k
STATE STREET CORP Reduced -355,473-355.5k
Jefferies Financial Group Inc. Reduced -341,100-341.1k
Kensington Asset Management, LLC Reduced -287,500-287.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.1m22.6k shares
CITADEL ADVISORS LLC Reduced $584.5k6.2k shares
GTS SECURITIES LLC Unchanged $216.8k2.3k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $8.7m92.2k shares
CITADEL ADVISORS LLC Reduced $1.0m11.1k shares
WOLVERINE TRADING, LLC New $952.1k10.1k 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 STATE STREET CORP 0.05% of their portfolio BOSTON, MA 11,584,40211.6m $1.1bn $1.1bn 0.05% Reduced -355.5k -355,473
2 Clark Capital Management Group, Inc. 4.49% of their portfolio PHILADELPHIA, PA 6,483,5446.5m $611.2m $611.2m 4.49% Reduced -83.2k -83,212
3 GOLDMAN SACHS GROUP INC 0.11% of their portfolio NEW YORK, NY 6,183,2616.2m $582.9m $582.9m 0.11% Added +338.9k +338,917
4 Ocean Park Asset Management, LLC 21.42% of their portfolio SANTA MONICA, CA 4,790,7964.8m $451.6m $451.6m 21.42% Added +273.1k +273,096
5 ASSETMARK, INC 1.25% of their portfolio CONCORD, CA 4,271,4254.3m $402.7m $402.7m 1.25% Added +238.3k +238,304
6 WELLS FARGO & COMPANY/MN 0.10% of their portfolio SAN FRANCISCO, CA 4,129,4814.1m $389.3m $389.3m 0.10% Added +24.0k +24,048
7 Japan Science & Technology Agency 5.05% of their portfolio TOKYO, M0 3,858,0543.9m $363.7m $363.7m 5.05% Unchanged
8 ENVESTNET ASSET MANAGEMENT INC 0.10% of their portfolio Berwyn, PA 3,156,3103.2m $297.5m $297.5m 0.10% Added +19.5k +19,504
9 Mitsubishi UFJ Asset Management Co., Ltd. 0.36% of their portfolio TOKYO, M0 3,149,6573.1m $296.0m $296.0m 0.36% Added +412.5k +412,520
10 BlackRock Inc. 0.00% of their portfolio New York, NY 2,061,3232.1m $194.3m $194.3m 0.00% Reduced -71.7k -71,663
11 Bank of New York Mellon Corp 0.03% of their portfolio NEW YORK, NY 1,536,8281.5m $144.9m $144.9m 0.03% Reduced -159.1k -159,126
12 Kensington Asset Management, LLC 13.87% of their portfolio AUSTIN, TX 1,363,8001.4m $128.6m $128.6m 13.87% Reduced -287.5k -287,500
13 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,343,6561.3m $126.7m $126.7m 0.01% Reduced -3.2m -3,218,198
14 Thrivent Financial for Lutherans 0.23% of their portfolio Minneapolis, MN 1,210,9081.2m $114.2m $114.2m 0.23% Added +125.1k +125,140
15 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.95% of their portfolio IRVING, TX 1,176,0241.2m $110.9m $110.9m 0.95% Added +5.7k +5,680
16 TOEWS CORP /ADV 17.31% of their portfolio NORTHFIELD, NJ 1,112,0001.1m $104.8m $104.8m 17.31% Added +441.9k +441,900
17 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.63% of their portfolio VICTORIA, A1 1,110,0001.1m $104.6m $104.6m 0.63% Unchanged
18 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 1,069,1351.1m $100.8m $100.8m 0.05% Added +87.5k +87,542
19 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 958,429958.4k $90.4m $90.4m 0.02% Added +289.4k +289,424
20 Angeles Investment Advisors, LLC 4.45% of their portfolio SANTA MONICA, CA 927,000927.0k $87.4m $87.4m 4.45% Unchanged
21 Man Group plc 0.22% of their portfolio LONDON, X0 892,377892.4k $84.1m $84.1m 0.22% Unchanged
22 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 837,116837.1k $78.9m $78.9m 0.01% Reduced -4.2m -4,228,006
23 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 798,925798.9k $75.3m $75.3m 0.01% Reduced -34.6k -34,616
24 JANE STREET GROUP, LLC 0.07% of their portfolio NEW YORK, NY 715,365715.4k $67.4m $67.4m 0.07% Reduced -1.8m -1,829,875
25 Aristotle Pacific Capital, LLC 21.43% of their portfolio NEWPORT BEACH, CA 689,158689.2k $65.0m $65.0m 21.43% Added +53.0k +52,972
26 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 665,853665.9k $62.8m $62.8m 0.02% Added +13.6k +13,580
27 PNC Financial Services Group, Inc. 0.04% of their portfolio Pittsburgh, PA 626,178626.2k $59.0m $59.0m 0.04% Added +5.7k +5,676
28 Sumitomo Mitsui DS Asset Management Company, Ltd 0.67% of their portfolio TOKYO, M0 605,772605.8k $57.1m $57.1m 0.67% Reduced -28.2k -28,236
29 Balyasny Asset Management L.P. 0.14% of their portfolio Chicago, IL 581,053581.1k $54.8m $54.8m 0.14% Added +83.3k +83,311
30 OSAIC HOLDINGS, INC. 0.12% of their portfolio SCOTTSDALE, AZ 541,697541.7k $51.1m $51.1m 0.12% Reduced -105.6k -105,597
31 Private Ocean, LLC 4.24% of their portfolio SAN RAFAEL, CA 509,591509.6k $48.0m $48.0m 4.24% Added +1.8k +1,838
32 Logan Stone Capital, LLC 10.43% of their portfolio CHICAGO, IL 428,598428.6k $40.4m $40.4m 10.43% Reduced -18.3k -18,255
33 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 427,824427.8k $43.2m $43.2m 0.01% Added +127.1k +127,078
34 Migdal Insurance & Financial Holdings Ltd. 0.63% of their portfolio Petach Tikva, L3 400,315400.3k $37.7m $37.7m 0.63% Added +316.4k +316,387
35 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 379,666379.7k $35.8m $35.8m 0.03% Added +51.3k +51,305
36 UBS Group AG 0.01% of their portfolio ZURICH, V8 367,792367.8k $34.7m $34.7m 0.01% Reduced -10.9k -10,872
37 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 352,237352.2k $33.2m $33.2m 0.02% Reduced -101.2k -101,186
38 Nan Shan Life Insurance Co., Ltd. 0.75% of their portfolio Taipei City, F5 337,566337.6k $31.8m $31.8m 0.75% Unchanged
39 Bank Julius Baer & Co. Ltd, Zurich 0.13% of their portfolio ZURICH, V8 334,872334.9k $35.1m $35.1m 0.13% Reduced -11.8k -11,777
40 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 325,688325.7k $30.8m $30.8m 0.03% Added +12.6k +12,573
41 Envestnet Portfolio Solutions, Inc. 0.10% of their portfolio BERWYN, PA 304,434304.4k $28.7m $28.7m 0.10% Added +41.0k +40,997
42 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 292,010292.0k $27.5m $27.5m 0.02% Reduced -106.0k -105,960
43 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 280,764280.8k $26.5m $26.5m 0.06% Reduced -11.5k -11,516
44 Rafferty Asset Management, LLC 0.08% of their portfolio New York, NY 232,213232.2k $21.9m $21.9m 0.08% Reduced -79.7k -79,650
45 TOWNSQUARE CAPITAL LLC 0.29% of their portfolio Lehi, UT 227,989228.0k $21.5m $21.5m 0.29% Reduced -11.2k -11,227
46 Symmetry Partners, LLC 1.08% of their portfolio GLASTONBURY, CT 222,110222.1k $20.9m $20.9m 1.08% Added +149.4k +149,421
47 LOOMIS SAYLES & CO L P 0.03% of their portfolio BOSTON, MA 219,591219.6k $20.7m $20.7m 0.03% Added +200.2k +200,181
48 BTS Asset Management, Inc. 19.11% of their portfolio Lincoln, MA 217,464217.5k $20.5m $20.5m 19.11% Reduced -16.6k -16,604
49 ALLSTATE CORP 1.63% of their portfolio NORTHBROOK, IL 212,913212.9k $20.1m $20.1m 1.63% Unchanged
50 SEI INVESTMENTS CO 0.03% of their portfolio OAKS, PA 212,000212.0k $20.0m $20.0m 0.03% Added +180.0k +180,000
51 MESIROW FINANCIAL INVESTMENT MANAGEMENT - Fixed Income 17.19% of their portfolio CHICAGO, IL 212,000212.0k $20.0m $20.0m 17.19% Added +180.0k +180,000
52 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 197,638197.6k $18.6m $18.6m 0.02% Reduced -63.5k -63,522
53 Checchi Capital Advisers, LLC 1.40% of their portfolio BEVERLY HILLS, CA 188,085188.1k $17.7m $17.7m 1.40% Added +14.4k +14,355
54 Chandler Asset Management, Inc. 3.45% of their portfolio SAN DIEGO, CA 180,836180.8k $17.0m $17.0m 3.45% Added +7.9k +7,920
55 NewSquare Capital LLC 1.44% of their portfolio NEWTOWN SQUARE, PA 178,636178.6k $16.7m $16.7m 1.44% Added +3.9k +3,886
56 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 174,300174.3k $16.4m $16.4m 0.02% Added +48.0k +48,000
57 CAPSTONE INVESTMENT ADVISORS, LLC 0.35% of their portfolio NEW YORK, NY 170,601170.6k $16.1m $16.1m 0.35% Reduced -10.8k -10,800
58 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 167,786167.8k $15.8m $15.8m 0.03% Added +60.9k +60,921
59 RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio NEW YORK, NY 160,500160.5k $15.1m $15.1m 0.03% Added +91.5k +91,500
60 One Capital Management, LLC 0.51% of their portfolio WESTLAKE VILLAGE, CA 159,598159.6k $15.0m $15.0m 0.51% Added +3.0k +2,973
61 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 154,935154.9k $14.6m $14.6m 0.02% Reduced -2.0k -1,972
62 Gerber Kawasaki Wealth & Investment Management 0.73% of their portfolio SANTA MONICA, CA 154,803154.8k $14.6m $14.6m 0.73% Added +22.8k +22,785
63 BLB&B Advisors, LLC 0.79% of their portfolio MONTGOMERYVILLE, PA 153,837153.8k $14.5m $14.5m 0.79% Added +8.7k +8,699
64 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 152,220152.2k $14.3m $14.3m 0.02% Reduced -30.1k -30,068
65 RFG Advisory, LLC 0.45% of their portfolio BIRMINGHAM, AL 145,291145.3k $13.7m $13.7m 0.45% Added +11.5k +11,492
66 GUGGENHEIM CAPITAL LLC 0.09% of their portfolio CHICAGO, IL 139,570139.6k $13.2m $13.2m 0.09% Reduced -7.2k -7,218
67 Apella Capital, LLC 0.58% of their portfolio WEST HARTFORD, CT 137,843137.8k $13.0m $13.0m 0.58% Added +11.0k +11,025
68 MML INVESTORS SERVICES, LLC 0.05% of their portfolio SPRINGFIELD, MA 137,556137.6k $13.0m $13.0m 0.05% Reduced -4.2k -4,188
69 Prime Capital Investment Advisors, LLC 0.18% of their portfolio OVERLAND PARK, KS 129,497129.5k $12.2m $12.2m 0.18% Reduced -39.7k -39,661
70 PARK AVENUE SECURITIES LLC 0.14% of their portfolio NEW YORK, NY 117,411117.4k $11.1m $11.1m 0.14% Added +13.9k +13,877
71 Jessup Wealth Management, Inc 4.45% of their portfolio DAYTON, OH 110,720110.7k $10.4m $10.4m 4.45% Added +1.8k +1,825
72 SUMITOMO MITSUI FINANCIAL GROUP, INC. 0.32% of their portfolio TOKYO, M0 110,000110.0k $10.4m $10.4m 0.32% New
73 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 108,993109.0k $10.3m $10.3m 0.01% Added +417 +417
74 Navigation Wealth Management, Inc. 9.86% of their portfolio FORT COLLINS, CO 108,427108.4k $10.2m $10.2m 9.86% New
75 FSA WEALTH PARTNERS, INC. 2.78% of their portfolio Rockville, MD 107,538107.5k $10.1m $10.1m 2.78% Reduced -6.1k -6,114
76 Idaho Trust Co 5.11% of their portfolio BOISE, ID 106,010106.0k $10.0m $10.0m 5.11% New
77 Apollon Wealth Management, LLC 0.28% of their portfolio MOUNT PLEASANT, SC 97,72997.7k $9.2m $9.2m 0.28% Added +1.2k +1,184
78 Equitable Holdings, Inc. 0.09% of their portfolio NEW YORK, NY 94,79394.8k $8.9m $8.9m 0.09% Reduced -83.4k -83,428
79 Shilanski & Associates, Inc. 2.97% of their portfolio ANCHORAGE, AK 93,61593.6k $8.8m $8.8m 2.97% Added +3.0k +3,016
80 Csenge Advisory Group 0.49% of their portfolio CLEARWATER, FL 92,08592.1k $8.7m $8.7m 0.49% Reduced -1.7k -1,672
81 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 91,01791.0k $8.6m $8.6m 0.01% Added +29.8k +29,822
82 Jump Financial, LLC 0.17% of their portfolio Chicago, IL 89,67489.7k $8.5m $8.5m 0.17% Added +40.2k +40,180
83 NORDEN GROUP LLC 1.69% of their portfolio PROVO, UT 88,57288.6k $8.3m $8.3m 1.69% Reduced -14.9k -14,862
84 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 88,52588.5k $8.3m $8.3m 0.01% Reduced -37.6k -37,627
85 Kingsview Wealth Management, LLC 0.19% of their portfolio GRANTS PASS, OR 86,93186.9k $8.2m $8.2m 0.19% Added +2.1k +2,069
86 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 86,55186.6k $8.2m $8.2m 0.05% Added +17.9k +17,865
87 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 83,77583.8k $7.9m $7.9m 0.01% Added +2.6k +2,613
88 IFG Advisory, LLC 0.51% of their portfolio ATLANTA, GA 83,77583.8k $7.9m $7.9m 0.51% Added +4.7k +4,730
89 Aspire Private Capital, LLC 2.03% of their portfolio Cornelius, NC 83,70083.7k $7.9m $7.9m 2.03% Added +603 +603
90 Estate Counselors, LLC 0.86% of their portfolio Thiensville, WI 83,23083.2k $7.8m $7.8m 0.86% Added +52.9k +52,900
91 Sound Income Strategies, LLC 0.48% of their portfolio FT LAUDERDALE, FL 81,37881.4k $7.7m $7.7m 0.48% Added +6.1k +6,096
92 State of Tennessee, Department of Treasury 0.03% of their portfolio NASHVILLE, TN 79,90079.9k $7.5m $7.5m 0.03% New
93 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 77,89877.9k $7.3m $7.3m 0.01% Added +581 +581
94 Integrated Wealth Concepts LLC 0.10% of their portfolio WALTHAM, MA 76,98777.0k $7.3m $7.3m 0.10% Reduced -868 -868
95 Altura Wealth Advisors Inc. 7.05% of their portfolio SANTA CLARA, CA 75,95876.0k $7.2m $7.2m 7.05% Added +38.7k +38,735
96 Somnio Financial Group, LLC 6.30% of their portfolio GLASTONBURY, CT 75,75375.8k $7.1m $7.1m 6.30% First filing
97 Mirae Asset Global Investments Co., Ltd. 0.03% of their portfolio SEOUL, M5 73,00073.0k $6.9m $6.9m 0.03% Reduced -7.0k -7,000
98 CIBC Asset Management Inc 0.02% of their portfolio TORONTO, Z4 70,94370.9k $6.7m $6.7m 0.02% Reduced -47.5k -47,511
99 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 68,96969.0k $6.5m $6.5m 0.00% Reduced -3.1k -3,097
100 Betterment LLC 0.02% of their portfolio NEW YORK, NY 68,38668.4k $6.4m $6.4m 0.02% Added +55.9k +55,886