Vault-13

SPDR SER TR BIL

BLOOMBERG 1-3 MO · ETP · CUSIP 78468R663

795 institutional holders +105 vs Q4 2022
216,884,856216.9m shares reported held*
$20.0bnreported value*
175 new 298 added 249 reduced 72 sold out net sold ≈ $663.3m (-7.1m 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 ($100.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $92.08. Options: 2 managers hold calls ($468.8k notional), 1 hold puts ($973.3k).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 583Q4 22: 690Q1 23: 795795Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022583
Q4 2022690
Q1 2023795

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
5000500Q4 22: 384 bought or addedQ4 22: 259 cut or sold outQ4 22Q1 23: 473 bought or addedQ1 23: 321 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022384259
Q1 2023473321

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ3 22 calls: $3.0mQ3 22 puts: $672.0kQ3 22P/C 0.22Q4 22 calls: $850.7kQ4 22 puts: $0Q4 22P/C 0.00Q1 23 calls: $468.8kQ1 23 puts: $973.3kQ1 23P/C 2.08
Numbers
QuarterCallsPutsP/C
Q3 2022$3.0m$672.0k0.22
Q4 2022$850.7k$00.00
Q1 2023$468.8k$973.3k2.08

Biggest buyers

MORGAN STANLEY Added +4,573,019+4.6m
CAPTRUST FINANCIAL ADVISORS Added +2,469,290+2.5m
JANE STREET GROUP, LLC Added +2,129,170+2.1m
Capital Wealth Planning, LLC Added +1,918,832+1.9m
ROYAL BANK OF CANADA Added +1,177,790+1.2m
Federation des caisses Desjardins du Quebec Added +1,163,120+1.2m
Howard Capital Management, LLC Added +1,109,572+1.1m
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Added +1,036,324+1.0m
WELLS FARGO & COMPANY/MN Added +919,850+919.9k
Delta Investment Management, LLC New +887,686+887.7k

Biggest sellers

Horizon Investments, LLC Reduced -8,225,099-8.2m
PFS INVESTMENTS INC. Reduced -5,797,456-5.8m
GOLDMAN SACHS GROUP INC Reduced -4,681,505-4.7m
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -3,205,196-3.2m
BANK OF AMERICA CORP /DE/ Reduced -2,594,861-2.6m
AMERIPRISE FINANCIAL INC Reduced -2,539,064-2.5m
ENVESTNET ASSET MANAGEMENT INC Reduced -1,817,468-1.8m
ASSETMARK, INC Reduced -1,547,129-1.5m
WEDBUSH SECURITIES INC Reduced -1,505,826-1.5m
Clarity Financial LLC Reduced -1,270,301-1.3m

Biggest calls

WOLVERINE TRADING, LLC New $276.0k3.0k shares
CITADEL ADVISORS LLC Reduced $192.8k2.1k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $973.3k10.6k 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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.17% of their portfolio NEW YORK, NY 17,052,46617.1m $1.6bn $1.6bn 0.17% Added +4.6m +4,573,019
2 BANK OF AMERICA CORP /DE/ 0.16% of their portfolio CHARLOTTE, NC 15,482,39815.5m $1.4bn $1.4bn 0.16% Reduced -2.6m -2,594,861
3 ENVESTNET ASSET MANAGEMENT INC 0.43% of their portfolio Berwyn, PA 9,730,3719.7m $893.4m $893.4m 0.43% Reduced -1.8m -1,817,468
4 CAPTRUST FINANCIAL ADVISORS 3.56% of their portfolio RALEIGH, NC 8,820,7908.8m $809.9m $809.9m 3.56% Added +2.5m +2,469,290
5 UBS Group AG 0.32% of their portfolio ZURICH, V8 7,555,3027.6m $693.7m $693.7m 0.32% Reduced -251.9k -251,890
6 AMERIPRISE FINANCIAL INC 0.23% of their portfolio MINNEAPOLIS, MN 7,476,8697.5m $689.6m $689.6m 0.23% Reduced -2.5m -2,539,064
7 LPL Financial LLC 0.50% of their portfolio FORT MILL, SC 6,986,9557.0m $641.5m $641.5m 0.50% Added +203.4k +203,364
8 WELLS FARGO & COMPANY/MN 0.16% of their portfolio SAN FRANCISCO, CA 5,804,3105.8m $533.0m $533.0m 0.16% Added +919.9k +919,850
9 TRUIST FINANCIAL CORP 0.90% of their portfolio CHARLOTTE, NC 5,713,4815.7m $524.6m $524.6m 0.90% Added +780.3k +780,252
10 ASSETMARK, INC 2.04% of their portfolio CONCORD, CA 5,367,0075.4m $492.8m $492.8m 2.04% Reduced -1.5m -1,547,129
11 ROYAL BANK OF CANADA 0.13% of their portfolio TORONTO, A6 4,825,2504.8m $443.1m $443.1m 0.13% Added +1.2m +1,177,790
12 STIFEL FINANCIAL CORP 0.60% of their portfolio ST. LOUIS, MO 4,578,3924.6m $420.4m $420.4m 0.60% Added +116.6k +116,605
13 AE Wealth Management LLC 2.47% of their portfolio TOPEKA, KS 4,186,5784.2m $384.4m $384.4m 2.47% Reduced -1.2m -1,171,752
14 Allworth Financial LP 3.83% of their portfolio FOLSOM, CA 4,152,0154.2m $381.2m $381.2m 3.83% Added +129.8k +129,779
15 MERCER GLOBAL ADVISORS INC /ADV 1.50% of their portfolio DENVER, CO 3,618,2603.6m $331.2m $331.2m 1.50% Added +733.4k +733,442
16 Capital Wealth Planning, LLC 3.44% of their portfolio NAPLES, FL 2,771,5992.8m $254.5m $254.5m 3.44% Added +1.9m +1,918,832
17 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 2.81% of their portfolio Madrid, U3 2,458,1452.5m $225.4m $225.4m 2.81% Added +1.0m +1,036,324
18 OSAIC HOLDINGS, INC. 0.37% of their portfolio SCOTTSDALE, AZ 2,141,5512.1m $196.6m $196.6m 0.37% Reduced -890.9k -890,927
19 JANE STREET GROUP, LLC 0.34% of their portfolio NEW YORK, NY 2,139,8592.1m $196.5m $196.5m 0.34% Added +2.1m +2,129,170
20 Elm Partners Management LLC 19.89% of their portfolio Philadelphia, PA 2,059,9282.1m $189.1m $189.1m 19.89% Reduced -449.2k -449,193
21 WIN ADVISORS, INC 74.67% of their portfolio PALM BEACH GARDENS, FL 2,046,0632.0m $188.5m $188.5m 74.67% Added +444.5k +444,543
22 GeoWealth Management, LLC 20.78% of their portfolio CHICAGO, IL 1,934,5921.9m $177.6m $177.6m 20.78% Reduced -181.6k -181,639
23 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 1,893,6621.9m $173.9m $173.9m 0.05% Reduced -4.7m -4,681,505
24 Cambridge Investment Research Advisors, Inc. 0.84% of their portfolio FAIRFIELD, IA 1,864,9571.9m $171.2m $171.2m 0.84% Added +478.9k +478,859
25 Raymond James Financial Services Advisors, Inc. 0.29% of their portfolio ST. PETERSBURG, FL 1,667,9941.7m $153.2m $153.2m 0.29% Added +458.7k +458,730
26 CWM, LLC 1.03% of their portfolio OMAHA, NE 1,667,0701.7m $153.1m $153.1m 1.03% Added +297.5k +297,509
27 SEI INVESTMENTS CO 0.27% of their portfolio OAKS, PA 1,600,3131.6m $146.9m $146.9m 0.27% Added +25.7k +25,738
28 Retireful, LLC 46.85% of their portfolio HASLETT, MI 1,586,8381.6m $145.7m $145.7m 46.85% Added +35.7k +35,745
29 Howard Capital Management, LLC 23.74% of their portfolio Alpharetta, GA 1,496,3201.5m $137.4m $137.4m 23.74% Added +1.1m +1,109,572
30 CWA Asset Management Group, LLC 9.94% of their portfolio NAPLES, FL 1,457,8911.5m $133.9m $133.9m 9.94% Reduced -268.5k -268,455
31 OPPENHEIMER ASSET MANAGEMENT INC. 2.06% of their portfolio NEW YORK, NY 1,457,6291.5m $133.8m $133.8m 2.06% Added +65.0k +64,955
32 Trek Financial, LLC 11.66% of their portfolio Scottsdale, AZ 1,361,6061.4m $125.0m $125.0m 11.66% Added +216.4k +216,445
33 PFS INVESTMENTS INC. 2.08% of their portfolio DULUTH, GA 1,311,1461.3m $120.0m $120.0m 2.08% Reduced -5.8m -5,797,456
34 Equitable Holdings, Inc. 1.91% of their portfolio NEW YORK, NY 1,301,8201.3m $119.5m $119.5m 1.91% Added +500.7k +500,664
35 PIERSHALE FINANCIAL GROUP, INC. 92.75% of their portfolio BARRINGTON, IL 1,281,5391.3m $117.7m $117.7m 92.75% Added +62.2k +62,230
36 Federation des caisses Desjardins du Quebec 1.18% of their portfolio LEVIS, A8 1,164,1001.2m $106.9m $106.9m 1.18% Added +1.2m +1,163,120
37 Horizon Investments, LLC 3.09% of their portfolio Charlotte, NC 1,145,3051.1m $104.3m $104.3m 3.09% Reduced -8.2m -8,225,099
38 Foundations Investment Advisors, LLC 3.69% of their portfolio PHOENIX, AZ 1,123,8451.1m $103.2m $103.2m 3.69% Added +789.2k +789,177
39 Cetera Investment Advisers 0.89% of their portfolio SCHAUMBURG, IL 1,105,6781.1m $101.5m $101.5m 0.89% Reduced -84.0k -83,970
40 AJ WEALTH STRATEGIES, LLC 5.13% of their portfolio NEW YORK, NY 1,071,8651.1m $98.4m $98.4m 5.13% Added +799.3k +799,312
41 WESTWOOD HOLDINGS GROUP INC 0.82% of their portfolio DALLAS, TX 996,411996.4k $91.5m $91.5m 0.82% Added +52.9k +52,861
42 MBL Wealth, LLC 13.33% of their portfolio CHARLOTTE, NC 927,765927.8k $85.2m $85.2m 13.33% Added +463.6k +463,589
43 Fortis Group Advisors, LLC 25.51% of their portfolio WESTWOOD, NJ 921,283921.3k $84.6m $84.6m 25.51% First filing
44 Brookstone Capital Management 1.63% of their portfolio WHEATON, IL 912,292912.3k $83.6m $83.6m 1.63% Reduced -16.2k -16,250
45 Cetera Advisor Networks LLC 0.60% of their portfolio EL SEGUNDO, CA 892,568892.6k $82.0m $82.0m 0.60% Reduced -773 -773
46 Delta Investment Management, LLC 23.32% of their portfolio SAN FRANCISCO, CA 887,686887.7k $81.5m $81.5m 23.32% New
47 Second Half Financial Partners, LLC 44.15% of their portfolio SEBRING, FL 810,826810.8k $74.5m $74.5m 44.15% New
48 BAILARD, INC. 2.61% of their portfolio Foster City, CA 792,837792.8k $72.8m $72.8m 2.61% Added +6.0k +6,037
49 Cypress Capital, LLC 21.03% of their portfolio FRANKLIN, TN 732,191732.2k $67.2m $67.2m 21.03% Added +102.3k +102,255
50 Integrated Advisors Network LLC 4.04% of their portfolio DALLAS, TX 731,653731.7k $67.2m $67.2m 4.04% Added +537.4k +537,440
51 St. James Investment Company, LLC 9.61% of their portfolio SOUTHLAKE, TX 707,403707.4k $65.0m $65.0m 9.61% Added +13.3k +13,253
52 Creative Planning 0.09% of their portfolio OVERLAND PARK, KS 706,889706.9k $64.9m $64.9m 0.09% Reduced -44.5k -44,521
53 RITHOLTZ WEALTH MANAGEMENT 3.22% of their portfolio NEW YORK, NY 702,923702.9k $64.5m $64.5m 3.22% Reduced -1.1m -1,145,200
54 Dakota Wealth Management 4.26% of their portfolio PALM BEACH GARDENS, FL 693,851693.9k $63.7m $63.7m 4.26% Reduced -7.5k -7,543
55 AGF MANAGEMENT LTD 0.43% of their portfolio TORONTO, A6 679,836679.8k $62.4m $62.4m 0.43% Reduced -36.0k -36,034
56 Advisory Services Network, LLC 1.62% of their portfolio ATLANTA, GA 635,969636.0k $58.4m $58.4m 1.62% Added +36.4k +36,366
57 Mariner, LLC 0.16% of their portfolio Overland Park, KS 605,561605.6k $55.6m $55.6m 0.16% Reduced -564.9k -564,891
58 Beacon Capital Management, Inc. 1.94% of their portfolio DAYTON, OH 601,343601.3k $55.2m $55.2m 1.94% New
59 WEDBUSH SECURITIES INC 2.71% of their portfolio PASADENA, CA 588,714588.7k $54.1m $54.1m 2.71% Reduced -1.5m -1,505,826
60 Synergy Asset Management, LLC 12.93% of their portfolio VANCOUVER, WA 588,256588.3k $54.0m $54.0m 12.93% Reduced -137.9k -137,877
61 RIA Advisory Group LLC 23.84% of their portfolio Des Moines, IA 562,984563.0k $51.8m $51.8m 23.84% Added +437.7k +437,749
62 HighTower Advisors, LLC 0.11% of their portfolio CHICAGO, IL 558,421558.4k $51.2m $51.2m 0.11% Added +262.0k +262,002
63 SMI Advisory Services, LLC 16.77% of their portfolio COLUMBUS, IN 547,704547.7k $50.1m $50.1m 16.77% Added +13.9k +13,896
64 RAYMOND JAMES & ASSOCIATES 0.04% of their portfolio ST PETERSBURG, FL 545,085545.1k $50.0m $50.0m 0.04% Added +4.5k +4,501
65 Scharf Investments, LLC 1.57% of their portfolio LOS GATOS, CA 540,522540.5k $49.6m $49.6m 1.57% Reduced -5.6k -5,594
66 Financial & Tax Architects, LLC 16.08% of their portfolio ST LOUIS, MO 532,174532.2k $48.9m $48.9m 16.08% Reduced -63.4k -63,397
67 Ascent Group, LLC 5.16% of their portfolio VIRGINIA BEACH, VA 528,597528.6k $48.5m $48.5m 5.16% Added +219.3k +219,288
68 NATIONAL BANK OF CANADA /FI/ 0.13% of their portfolio MONTREAL, A8 516,134516.1k $47.3m $47.3m 0.13% Added +398.2k +398,201
69 New York Life Investment Management LLC 0.52% of their portfolio New York, NY 513,634513.6k $47.2m $47.2m 0.52% Added +318.6k +318,557
70 Vigilare Wealth Management 26.58% of their portfolio SCOTTSDALE, AZ 512,783512.8k $47.1m $47.1m 26.58% Added +231.3k +231,328
71 Mountain Capital Investment Advisors Inc. 20.10% of their portfolio WESTMINSTER, CO 497,818497.8k $45.6m $45.6m 20.10% New
72 AXXCESS WEALTH MANAGEMENT, LLC 3.58% of their portfolio CARLSBAD, CA 495,066495.1k $45.5m $45.5m 3.58% Added +397.6k +397,643
73 HSBC HOLDINGS PLC 0.06% of their portfolio LONDON, X0 484,010484.0k $44.4m $44.4m 0.06% Unchanged
74 Baird Financial Group, Inc. 0.11% of their portfolio MILWAUKEE, WI 480,758480.8k $44.1m $44.1m 0.11% Reduced -409.7k -409,701
75 Orion Porfolio Solutions, LLC 0.54% of their portfolio OMAHA, NE 480,298480.3k $44.1m $44.1m 0.54% Added +461.1k +461,147
76 Orion Portfolio Solutions, LLC 0.54% of their portfolio Omaha, NE 480,298480.3k $44.1m $44.1m 0.54% Added +349.0k +349,019
77 Spire Wealth Management 1.70% of their portfolio MCLEAN, VA 474,398474.4k $43.6m $43.6m 1.70% Added +139.8k +139,846
78 Acorns Advisers, LLC 0.62% of their portfolio IRVINE, CA 467,442467.4k $42.9m $42.9m 0.62% Added +4.1k +4,120
79 BRASADA CAPITAL MANAGEMENT, LP 9.53% of their portfolio HOUSTON, TX 466,097466.1k $42.8m $42.8m 9.53% Added +31.6k +31,582
80 CITIGROUP INC 0.06% of their portfolio NEW YORK, NY 465,936465.9k $42.8m $42.8m 0.06% Added +58.0k +58,023
81 Jordan Park Group LLC 2.78% of their portfolio SAN FRANCISCO, CA 462,292462.3k $42.4m $42.4m 2.78% Added +457.6k +457,638
82 Banco Santander, S.A. 0.63% of their portfolio Madrid, U3 462,152462.2k $42.4m $42.4m 0.63% Reduced -33.4k -33,394
83 Park Edge Advisors, LLC 16.24% of their portfolio Cleveland, OH 460,787460.8k $42.3m $42.3m 16.24% Added +223.5k +223,546
84 Astor Investment Management LLC 13.61% of their portfolio CHICAGO, IL 458,927458.9k $42.1m $42.1m 13.61% Reduced -32.8k -32,838
85 Dean, Jacobson Financial Services, LLC 38.91% of their portfolio FORT WORTH, TX 452,476452.5k $41.5m $41.5m 38.91% New
86 B. Riley Wealth Advisors, Inc. 1.06% of their portfolio MEMPHIS, TN 432,575432.6k $39.7m $39.7m 1.06% Added +85.8k +85,812
87 IronBridge Private Wealth, LLC 24.72% of their portfolio Austin, TX 421,192421.2k $38.7m $38.7m 24.72% Added +108.7k +108,737
88 Atria Wealth Solutions, Inc. 0.53% of their portfolio NEW YORK, NY 391,540391.5k $36.0m $36.0m 0.53% Reduced -24.9k -24,898
89 RETIREMENT CAPITAL STRATEGIES 17.32% of their portfolio SAN JOSE, CA 388,072388.1k $35.6m $35.6m 17.32% Added +382.0k +381,979
90 RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio NEW YORK, NY 382,700382.7k $35.1m $35.1m 0.05% Added +62.4k +62,400
91 Cetera Advisors LLC 0.58% of their portfolio DENVER, CO 381,912381.9k $35.1m $35.1m 0.58% Added +107.4k +107,438
92 Atria Investments, Inc 0.62% of their portfolio Charlotte, NC 354,544354.5k $32.6m $32.6m 0.62% Reduced -42.8k -42,846
93 Private Advisor Group, LLC 0.28% of their portfolio MORRISTOWN, NJ 314,810314.8k $28.9m $28.9m 0.28% Added +53.4k +53,381
94 Fort Point Capital Partners LLC 4.58% of their portfolio San Francisco, CA 305,657305.7k $28.1m $28.1m 4.58% Added +133.6k +133,598
95 Winch Advisory Services, LLC 10.71% of their portfolio Appleton, WI 300,679300.7k $27.6m $27.6m 10.71% Added +969 +969
96 Freedom Investment Management, Inc. 3.07% of their portfolio SOUTH WINDSOR, CT 295,953296.0k $27.2m $27.2m 3.07% Reduced -26.7k -26,660
97 Thrivent Financial for Lutherans 0.07% of their portfolio Minneapolis, MN 295,584295.6k $27.1m $27.1m 0.07% Reduced -15.1k -15,106
98 IFP Advisors, Inc 1.17% of their portfolio TAMPA, FL 294,992295.0k $27.0m $27.0m 1.17% Reduced -279.2k -279,239
99 12th Street Asset Management Company, LLC 5.66% of their portfolio Nashville, TN 294,514294.5k $27.0m $27.0m 5.66% Reduced -392.8k -392,844
100 Global Retirement Partners, LLC 1.43% of their portfolio San Rafael, CA 294,084294.1k $26.9m $26.9m 1.43% Added +139.5k +139,521