Vault-13

SPDR SER TR JNK

BLOOMBERG HIGH Y · ETP · CUSIP 78468R622

555 institutional holders +12 vs Q2 2024
80,153,17380.2m shares reported held*
$7.8bnreported value*
55 new 172 added 218 reduced 45 sold out net sold ≈ $459.1m (-4.7m 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 ($5.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $97.87. Options: 5 managers hold calls ($19.5m notional), 4 hold puts ($15.6m).

Trends to Q3 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: 543Q3 24: 555555Q3 22Q1 23Q3 23Q1 24Q3 24
Numbers
QuarterHolders
Q3 2022468
Q4 2022538
Q1 2023510
Q2 2023518
Q3 2023516
Q4 2023537
Q1 2024555
Q2 2024543
Q3 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 outQ1 23: 203 bought or addedQ1 23: 288 cut or sold outQ1 23Q2 23: 225 bought or addedQ2 23: 241 cut or sold outQ3 23: 220 bought or addedQ3 23: 240 cut or sold outQ3 23Q4 23: 226 bought or addedQ4 23: 252 cut or sold outQ1 24: 270 bought or addedQ1 24: 225 cut or sold outQ1 24Q2 24: 243 bought or addedQ2 24: 257 cut or sold outQ3 24: 227 bought or addedQ3 24: 263 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022279220
Q1 2023203288
Q2 2023225241
Q3 2023220240
Q4 2023226252
Q1 2024270225
Q2 2024243257
Q3 2024227263

Calls vs puts

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

CallsPuts
$0$20m$40m$60m$80mQ4 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 3.65Q3 24 calls: $19.5mQ3 24 puts: $15.6mQ3 24P/C 0.80
Numbers
QuarterCallsPutsP/C
Q4 2023$49.3m$60.6m1.23
Q1 2024$4.2m$11.5m2.72
Q2 2024$2.9m$10.7m3.65
Q3 2024$19.5m$15.6m0.80

Biggest buyers

JPMORGAN CHASE & CO Added +3,200,300+3.2m
ROYAL BANK OF CANADA Added +955,444+955.4k
BNP PARIBAS FINANCIAL MARKETS Added +621,906+621.9k
Mitsubishi UFJ Asset Management Co., Ltd. Added +197,940+197.9k
Aristotle Pacific Capital, LLC Added +190,796+190.8k
ASSETMARK, INC Added +174,815+174.8k
BLB&B Advisors, LLC Added +170,270+170.3k
Thrivent Financial for Lutherans Added +165,682+165.7k
RENAISSANCE TECHNOLOGIES LLC Added +122,100+122.1k
Logan Stone Capital, LLC Added +108,382+108.4k

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -5,039,203-5.0m
STATE STREET CORP Reduced -1,289,870-1.3m
Clark Capital Management Group, Inc. Reduced -1,028,979-1.0m
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Reduced -514,508-514.5k
Angeles Investment Advisors, LLC Reduced -505,200-505.2k
Balyasny Asset Management L.P. Reduced -382,460-382.5k
Nuveen Asset Management, LLC Reduced -232,252-232.3k
Symmetry Partners, LLC Reduced -174,685-174.7k
MARSHALL WACE, LLP Sold out -174,300-174.3k
MILLENNIUM MANAGEMENT LLC Reduced -154,549-154.5k

Biggest calls

CITADEL ADVISORS LLC Added $16.3m167.0k shares
JANE STREET GROUP, LLC New $1.1m11.7k shares
GTS SECURITIES LLC Added $762.8k7.8k shares
WOLVERINE TRADING, LLC New $694.3k7.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $596.5k6.1k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $9.8m100.3k shares
JANE STREET GROUP, LLC New $3.9m39.7k shares
CITADEL ADVISORS LLC Added $1.5m15.0k shares
WOLVERINE TRADING, LLC Reduced $479.2k4.9k 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 STATE STREET CORP 0.04% of their portfolio BOSTON, MA 10,294,53210.3m $1.0bn $1.0bn 0.04% Reduced -1.3m -1,289,870
2 Clark Capital Management Group, Inc. 3.65% of their portfolio PHILADELPHIA, PA 5,454,5655.5m $533.4m $533.4m 3.65% Reduced -1.0m -1,028,979
3 Ocean Park Asset Management, LLC 20.06% of their portfolio SANTA MONICA, CA 4,673,5964.7m $457.0m $457.0m 20.06% Reduced -117.2k -117,200
4 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 4,543,9564.5m $444.4m $444.4m 0.02% Added +3.2m +3,200,300
5 ASSETMARK, INC 1.25% of their portfolio CONCORD, CA 4,446,2404.4m $434.8m $434.8m 1.25% Added +174.8k +174,815
6 WELLS FARGO & COMPANY/MN 0.10% of their portfolio SAN FRANCISCO, CA 4,171,0044.2m $407.9m $407.9m 0.10% Added +41.5k +41,523
7 Japan Science & Technology Agency 4.99% of their portfolio TOKYO, M0 3,858,0543.9m $377.3m $377.3m 4.99% Unchanged
8 Mitsubishi UFJ Asset Management Co., Ltd. 0.35% of their portfolio TOKYO, M0 3,347,5973.3m $326.4m $326.4m 0.35% Added +197.9k +197,940
9 ENVESTNET ASSET MANAGEMENT INC 0.10% of their portfolio Berwyn, PA 3,018,5523.0m $295.2m $295.2m 0.10% Reduced -137.8k -137,758
10 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,820,1161.8m $178.0m $178.0m 0.00% First filing
11 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 1,621,2971.6m $158.5m $158.5m 0.04% Added +955.4k +955,444
12 Bank of New York Mellon Corp 0.03% of their portfolio NEW YORK, NY 1,452,8791.5m $142.1m $142.1m 0.03% Reduced -83.9k -83,949
13 Thrivent Financial for Lutherans 0.26% of their portfolio Minneapolis, MN 1,376,5901.4m $134.6m $134.6m 0.26% Added +165.7k +165,682
14 Kensington Asset Management, LLC 6.64% of their portfolio AUSTIN, TX 1,256,9801.3m $121.0m $121.0m 6.64% Reduced -106.8k -106,820
15 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.95% of their portfolio IRVING, TX 1,184,1111.2m $115.8m $115.8m 0.95% Added +8.1k +8,087
16 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,144,0581.1m $111.9m $111.9m 0.02% Reduced -5.0m -5,039,203
17 TOEWS CORP /ADV 14.57% of their portfolio NORTHFIELD, NJ 1,111,0001.1m $108.6m $108.6m 14.57% Reduced -1.0k -1,000
18 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 1,026,1751.0m $100.3m $100.3m 0.04% Reduced -43.0k -42,960
19 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 937,902937.9k $91.5m $91.5m 0.02% Reduced -20.5k -20,527
20 Man Group plc 0.25% of their portfolio LONDON, X0 892,377892.4k $87.3m $87.3m 0.25% Unchanged
21 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 885,384885.4k $86.6m $86.6m 0.01% Added +48.3k +48,268
22 Aristotle Pacific Capital, LLC 24.70% of their portfolio NEWPORT BEACH, CA 879,954880.0k $86.1m $86.1m 24.70% Added +190.8k +190,796
23 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 786,451786.5k $76.9m $76.9m 0.01% Reduced -12.5k -12,474
24 BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio PARIS, I0 776,841776.8k $76.0m $76.0m 0.07% Added +621.9k +621,906
25 JANE STREET GROUP, LLC 0.11% of their portfolio NEW YORK, NY 706,331706.3k $69.1m $69.1m 0.11% Reduced -9.0k -9,034
26 PNC Financial Services Group, Inc. 0.04% of their portfolio Pittsburgh, PA 630,755630.8k $61.7m $61.7m 0.04% Added +4.6k +4,577
27 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.35% of their portfolio VICTORIA, A1 595,492595.5k $58.2m $58.2m 0.35% Reduced -514.5k -514,508
28 Sumitomo Mitsui DS Asset Management Company, Ltd 0.62% of their portfolio TOKYO, M0 591,530591.5k $57.8m $57.8m 0.62% Reduced -14.2k -14,242
29 Logan Stone Capital, LLC 13.09% of their portfolio CHICAGO, IL 536,980537.0k $52.5m $52.5m 13.09% Added +108.4k +108,382
30 OSAIC HOLDINGS, INC. 0.11% of their portfolio SCOTTSDALE, AZ 518,929518.9k $50.8m $50.8m 0.11% Reduced -22.8k -22,768
31 Migdal Insurance & Financial Holdings Ltd. 0.77% of their portfolio Petach Tikva, L3 486,245486.2k $47.5m $47.5m 0.77% Added +85.9k +85,930
32 Angeles Investment Advisors, LLC 2.11% of their portfolio SANTA MONICA, CA 421,800421.8k $41.2m $41.2m 2.11% Reduced -505.2k -505,200
33 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 349,774349.8k $34.2m $34.2m 0.03% Added +24.1k +24,086
34 Nan Shan Life Insurance Co., Ltd. 0.78% of their portfolio Taipei City, F5 337,566337.6k $33.0m $33.0m 0.78% Unchanged
35 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 333,777333.8k $32.6m $32.6m 0.02% Reduced -18.5k -18,460
36 UBS Group AG 0.01% of their portfolio ZURICH, V8 332,837332.8k $32.5m $32.5m 0.01% Reduced -35.0k -34,955
37 BLB&B Advisors, LLC 1.62% of their portfolio MONTGOMERYVILLE, PA 324,107324.1k $31.7m $31.7m 1.62% Added +170.3k +170,270
38 Bank Julius Baer & Co. Ltd, Zurich 0.12% of their portfolio ZURICH, V8 314,523314.5k $36.5m $36.5m 0.12% Reduced -20.3k -20,349
39 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 288,050288.1k $28.2m $28.2m 0.06% Added +7.3k +7,286
40 RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio NEW YORK, NY 282,600282.6k $27.6m $27.6m 0.04% Added +122.1k +122,100
41 Envestnet Portfolio Solutions, Inc. 0.08% of their portfolio BERWYN, PA 239,485239.5k $23.4m $23.4m 0.08% Reduced -64.9k -64,949
42 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 225,117225.1k $22.0m $22.0m 0.02% Reduced -154.5k -154,549
43 LOOMIS SAYLES & CO L P 0.03% of their portfolio BOSTON, MA 221,346221.3k $21.6m $21.6m 0.03% Added +1.8k +1,755
44 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 218,550218.6k $21.4m $21.4m 0.01% Reduced -73.5k -73,460
45 TOWNSQUARE CAPITAL LLC 0.25% of their portfolio Lehi, UT 214,549214.5k $21.0m $21.0m 0.25% Reduced -13.4k -13,440
46 ALLSTATE CORP 1.98% of their portfolio NORTHBROOK, IL 212,913212.9k $20.8m $20.8m 1.98% Unchanged
47 Rafferty Asset Management, LLC 0.07% of their portfolio New York, NY 206,120206.1k $20.2m $20.2m 0.07% Reduced -26.1k -26,093
48 Checchi Capital Advisers, LLC 1.47% of their portfolio BEVERLY HILLS, CA 201,355201.4k $19.7m $19.7m 1.47% Added +13.3k +13,270
49 Balyasny Asset Management L.P. 0.05% of their portfolio Chicago, IL 198,593198.6k $19.4m $19.4m 0.05% Reduced -382.5k -382,460
50 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 195,572195.6k $21.3m $21.3m 0.01% Reduced -232.3k -232,252
51 BTS Asset Management, Inc. 18.11% of their portfolio Lincoln, MA 194,248194.2k $19.0m $19.0m 18.11% Reduced -23.2k -23,216
52 Chandler Asset Management, Inc. 3.45% of their portfolio SAN DIEGO, CA 186,736186.7k $18.3m $18.3m 3.45% Added +5.9k +5,900
53 NewSquare Capital LLC 1.38% of their portfolio NEWTOWN SQUARE, PA 178,875178.9k $17.4m $17.4m 1.38% Added +239 +239
54 Gerber Kawasaki Wealth & Investment Management 0.79% of their portfolio SANTA MONICA, CA 174,669174.7k $17.1m $17.1m 0.79% Added +19.9k +19,866
55 One Capital Management, LLC 0.50% of their portfolio WESTLAKE VILLAGE, CA 159,557159.6k $15.6m $15.6m 0.50% Reduced -41 -41
56 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 152,880152.9k $15.0m $15.0m 0.02% Reduced -44.8k -44,758
57 Apella Capital, LLC 0.60% of their portfolio WEST HARTFORD, CT 151,194151.2k $14.7m $14.7m 0.60% Added +13.4k +13,351
58 RFG Advisory, LLC 0.45% of their portfolio BIRMINGHAM, AL 149,938149.9k $14.7m $14.7m 0.45% Added +4.6k +4,647
59 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 142,000142.0k $13.9m $13.9m 0.02% Reduced -70.0k -70,000
60 MESIROW FINANCIAL INVESTMENT MANAGEMENT - Fixed Income 13.85% of their portfolio CHICAGO, IL 142,000142.0k $13.9m $13.9m 13.85% Reduced -70.0k -70,000
61 MML INVESTORS SERVICES, LLC 0.05% of their portfolio SPRINGFIELD, MA 139,792139.8k $13.7m $13.7m 0.05% Added +2.2k +2,236
62 GUGGENHEIM CAPITAL LLC 0.09% of their portfolio CHICAGO, IL 136,964137.0k $13.4m $13.4m 0.09% Reduced -2.6k -2,606
63 Prime Capital Investment Advisors, LLC 0.18% of their portfolio OVERLAND PARK, KS 127,210127.2k $12.4m $12.4m 0.18% Reduced -2.3k -2,287
64 Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio CHIYODA-KU, TOKYO, M0 126,799126.8k $12.4m $12.4m 0.01% Added +91.4k +91,400
65 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 112,136112.1k $11.0m $11.0m 0.01% Added +3.1k +3,143
66 Jessup Wealth Management, Inc 4.87% of their portfolio DAYTON, OH 108,580108.6k $10.6m $10.6m 4.87% Reduced -2.1k -2,140
67 FSA WEALTH PARTNERS, INC. 2.52% of their portfolio Rockville, MD 106,516106.5k $10.4m $10.4m 2.52% Reduced -1.0k -1,022
68 NORDEN GROUP LLC 1.21% of their portfolio PROVO, UT 104,680104.7k $10.2m $10.2m 1.21% Added +16.1k +16,108
69 Idaho Trust Co 4.90% of their portfolio BOISE, ID 103,869103.9k $10.2m $10.2m 4.90% Reduced -2.1k -2,141
70 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 102,728102.7k $10.0m $10.0m 0.00% Added +36.2k +36,226
71 Navigation Wealth Management, Inc. 10.65% of their portfolio FORT COLLINS, CO 100,858100.9k $9.9m $9.9m 10.65% Reduced -7.6k -7,569
72 PARK AVENUE SECURITIES LLC 0.11% of their portfolio NEW YORK, NY 100,729100.7k $9.8m $9.8m 0.11% Reduced -16.7k -16,682
73 Apollon Wealth Management, LLC 0.27% of their portfolio MOUNT PLEASANT, SC 97,86497.9k $9.6m $9.6m 0.27% Added +135 +135
74 CAPSTONE INVESTMENT ADVISORS, LLC 0.18% of their portfolio NEW YORK, NY 96,70196.7k $9.5m $9.5m 0.18% Reduced -73.9k -73,900
75 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 94,45094.5k $9.2m $9.2m 0.01% Added +3.4k +3,433
76 Equitable Holdings, Inc. 0.09% of their portfolio NEW YORK, NY 94,01394.0k $9.2m $9.2m 0.09% Reduced -780 -780
77 Park Avenue Institutional Advisers LLC 17.03% of their portfolio New York, NY 93,44093.4k $9.1m $9.1m 17.03% Added +72.2k +72,240
78 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 92,51592.5k $9.0m $9.0m 0.05% Added +6.0k +5,964
79 Altura Wealth Advisors Inc. 5.84% of their portfolio SANTA CLARA, CA 91,10991.1k $8.9m $8.9m 5.84% Added +15.2k +15,151
80 Shilanski & Associates, Inc. 2.89% of their portfolio ANCHORAGE, AK 90,98791.0k $8.9m $8.9m 2.89% Reduced -2.6k -2,628
81 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 90,74790.7k $8.9m $8.9m 0.01% Added +2.2k +2,222
82 Crabel Capital Management, LLC 6.15% of their portfolio MILWAUKEE, WI 89,46289.5k $8.7m $8.7m 6.15% Added +40.4k +40,371
83 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 88,06488.1k $8.6m $8.6m 0.01% Added +4.3k +4,289
84 HTLF Bank 0.91% of their portfolio Denver, CO 86,12486.1k $8.4m $8.4m 0.91% Added +53.7k +53,741
85 Estate Counselors, LLC 0.84% of their portfolio Thiensville, WI 83,13583.1k $8.1m $8.1m 0.84% Reduced -95 -95
86 Mirae Asset Global Investments Co., Ltd. 0.04% of their portfolio SEOUL, M5 83,00083.0k $8.1m $8.1m 0.04% Added +10.0k +10,000
87 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 81,02381.0k $7.9m $7.9m 0.01% Reduced -71.2k -71,197
88 Somnio Financial Group, LLC 6.32% of their portfolio GLASTONBURY, CT 79,13279.1k $7.7m $7.7m 6.32% Added +3.4k +3,379
89 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 77,79477.8k $7.6m $7.6m 0.01% Added +14.0k +14,027
90 Csenge Advisory Group 0.39% of their portfolio CLEARWATER, FL 77,04577.0k $7.5m $7.5m 0.39% Reduced -15.0k -15,040
91 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 74,46274.5k $7.3m $7.3m 0.01% Reduced -3.4k -3,436
92 CoreCap Advisors, LLC 0.32% of their portfolio SOUTHFIELD, MI 69,06269.1k $6.8m $6.8m 0.32% Added +25.4k +25,435
93 BENJAMIN EDWARDS INC 0.10% of their portfolio Clayton, MO 68,27868.3k $6.7m $6.7m 0.10% New
94 MACKENZIE FINANCIAL CORP 0.01% of their portfolio TORONTO ONTARIO, A6 67,20067.2k $6.6m $6.6m 0.01% Added +10.2k +10,200
95 Advisors Preferred, LLC 0.99% of their portfolio ROCKVILLE, MD 67,06067.1k $6.5m $6.5m 0.99% Added +23.2k +23,174
96 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 66,74466.7k $6.5m $6.5m 0.02% Added +4.9k +4,938
97 Private Advisor Group, LLC 0.04% of their portfolio MORRISTOWN, NJ 66,06266.1k $6.5m $6.5m 0.04% Reduced -1.3k -1,313
98 Quotient Wealth Partners, LLC 0.21% of their portfolio DALLAS, TX 63,97064.0k $6.3m $6.3m 0.21% Reduced -3.5k -3,526
99 Prospera Financial Services Inc 0.16% of their portfolio Dallas, TX 63,00363.0k $6.2m $6.2m 0.16% Reduced -3.7k -3,748
100 OLD MISSION CAPITAL LLC 0.13% of their portfolio CHICAGO, IL 62,75762.8k $6.1m $6.1m 0.13% New