Vault-13

SPDR SER TR BIL

BLOOMBERG 1-3 MO · ETP · CUSIP 78468R663

986 institutional holders +114 vs Q3 2023
248,511,615248.5m shares reported held*
$22.7bnreported value*
126 new 317 added 403 reduced 77 sold out net bought ≈ $4.0bn (+44.5m 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 ($22.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $91.30. Options: 3 managers hold calls ($3.2m notional), 4 hold puts ($9.8m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 583Q4 22: 690Q1 23: 795Q2 23: 854Q3 23: 872Q4 23: 986986Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022583
Q4 2022690
Q1 2023795
Q2 2023854
Q3 2023872
Q4 2023986

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 23Q2 23: 425 bought or addedQ2 23: 406 cut or sold outQ2 23Q3 23: 485 bought or addedQ3 23: 370 cut or sold outQ3 23Q4 23: 443 bought or addedQ4 23: 480 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022384259
Q1 2023473321
Q2 2023425406
Q3 2023485370
Q4 2023443480

Calls vs puts

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

CallsPuts
$0$2.5m$5m$7.5m$10mQ1 23 calls: $468.8kQ1 23 puts: $973.3kQ1 23P/C 2.08Q2 23 calls: $2.2mQ2 23 puts: $7.4mQ2 23P/C 3.41Q3 23 calls: $2.6mQ3 23 puts: $5.1mQ3 23P/C 1.98Q4 23 calls: $3.2mQ4 23 puts: $9.8mQ4 23P/C 3.02
Numbers
QuarterCallsPutsP/C
Q1 2023$468.8k$973.3k2.08
Q2 2023$2.2m$7.4m3.41
Q3 2023$2.6m$5.1m1.98
Q4 2023$3.2m$9.8m3.02

Biggest buyers

Beacon Capital Management, Inc. Added +17,782,168+17.8m
MORGAN STANLEY Added +14,749,109+14.7m
ENVESTNET ASSET MANAGEMENT INC Added +9,494,876+9.5m
Capital International Investors New +4,154,045+4.2m
Cetera Investment Advisers Added +1,676,898+1.7m
OSAIC HOLDINGS, INC. Added +1,634,626+1.6m
BANK OF AMERICA CORP /DE/ Added +1,627,211+1.6m
WELLS FARGO & COMPANY/MN Added +1,586,604+1.6m
Cetera Advisor Networks LLC Added +1,437,050+1.4m
NORDEN GROUP LLC New +1,426,254+1.4m

Biggest sellers

CAPTRUST FINANCIAL ADVISORS Reduced -2,748,417-2.7m
AMERIPRISE FINANCIAL INC Reduced -1,365,201-1.4m
AE Wealth Management LLC Reduced -1,198,897-1.2m
GTS SECURITIES LLC Reduced -803,701-803.7k
ASSETMARK, INC Reduced -770,042-770.0k
Choate Investment Advisors Reduced -749,590-749.6k
Capital Wealth Planning, LLC Reduced -742,329-742.3k
Apollon Wealth Management, LLC Reduced -741,556-741.6k
FMR LLC Reduced -710,841-710.8k
Trilogy Capital Inc. Reduced -706,612-706.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.9m31.7k shares
WOLVERINE TRADING, LLC New $265.0k2.9k shares
CITADEL ADVISORS LLC Reduced $82.3k900 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $5.7m62.2k shares
Genus Capital Management Inc. New $3.5m38.6k shares
CITADEL ADVISORS LLC Reduced $365.6k4.0k shares
WOLVERINE TRADING, LLC New $237.6k2.6k 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.12% of their portfolio NEW YORK, NY 30,892,33830.9m $2.8bn $2.8bn 0.12% Added +14.7m +14,749,109
2 Beacon Capital Management, Inc. 65.93% of their portfolio DAYTON, OH 17,891,20317.9m $1.6bn $1.6bn 65.93% Added +17.8m +17,782,168
3 BANK OF AMERICA CORP /DE/ 0.17% of their portfolio CHARLOTTE, NC 16,501,80516.5m $1.5bn $1.5bn 0.17% Added +1.6m +1,627,211
4 ENVESTNET ASSET MANAGEMENT INC 0.52% of their portfolio Berwyn, PA 13,817,60013.8m $1.3bn $1.3bn 0.52% Added +9.5m +9,494,876
5 LPL Financial LLC 0.51% of their portfolio FORT MILL, SC 9,232,3729.2m $843.7m $843.7m 0.51% Added +679.7k +679,699
6 WELLS FARGO & COMPANY/MN 0.19% of their portfolio SAN FRANCISCO, CA 7,157,2077.2m $654.1m $654.1m 0.19% Added +1.6m +1,586,604
7 UBS Group AG 0.25% of their portfolio ZURICH, V8 6,738,1416.7m $615.8m $615.8m 0.25% Added +138.0k +137,957
8 CAPTRUST FINANCIAL ADVISORS 2.04% of their portfolio RALEIGH, NC 6,473,0646.5m $591.6m $591.6m 2.04% Reduced -2.7m -2,748,417
9 TRUIST FINANCIAL CORP 0.89% of their portfolio CHARLOTTE, NC 6,113,9456.1m $558.8m $558.8m 0.89% Added +770.3k +770,288
10 OSAIC HOLDINGS, INC. 0.82% of their portfolio SCOTTSDALE, AZ 5,129,6345.1m $468.9m $468.9m 0.82% Added +1.6m +1,634,626
11 ROYAL BANK OF CANADA 0.11% of their portfolio TORONTO, A6 4,861,1314.9m $444.3m $444.3m 0.11% Added +264.6k +264,590
12 Capital Wealth Planning, LLC 4.78% of their portfolio NAPLES, FL 4,572,1184.6m $417.8m $417.8m 4.78% Reduced -742.3k -742,329
13 STIFEL FINANCIAL CORP 0.50% of their portfolio ST. LOUIS, MO 4,388,5434.4m $401.1m $401.1m 0.50% Reduced -368.7k -368,712
14 Capital International Investors 0.09% of their portfolio Los Angeles, CA 4,154,0454.2m $379.6m $379.6m 0.09% New
15 AMERIPRISE FINANCIAL INC 0.09% of their portfolio MINNEAPOLIS, MN 3,247,6203.2m $296.2m $296.2m 0.09% Reduced -1.4m -1,365,201
16 Cetera Advisor Networks LLC 1.16% of their portfolio EL SEGUNDO, CA 2,288,6382.3m $209.2m $209.2m 1.16% Added +1.4m +1,437,050
17 SEI INVESTMENTS CO 0.33% of their portfolio OAKS, PA 2,270,5712.3m $207.5m $207.5m 0.33% Added +670.7k +670,691
18 Cetera Investment Advisers 1.54% of their portfolio SCHAUMBURG, IL 2,079,3812.1m $190.0m $190.0m 1.54% Added +1.7m +1,676,898
19 CWM, LLC 1.02% of their portfolio OMAHA, NE 2,071,2122.1m $189.3m $189.3m 1.02% Reduced -7.8k -7,795
20 AE Wealth Management LLC 0.97% of their portfolio TOPEKA, KS 2,067,1892.1m $189.7m $189.7m 0.97% Reduced -1.2m -1,198,897
21 EAGLE CAPITAL MANAGEMENT LLC 0.72% of their portfolio New York, NY 1,843,3231.8m $168.5m $168.5m 0.72% Reduced -135.2k -135,157
22 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 1.94% of their portfolio Madrid, U3 1,794,0251.8m $163.9m $163.9m 1.94% Reduced -305.8k -305,783
23 OPPENHEIMER ASSET MANAGEMENT INC. 2.24% of their portfolio NEW YORK, NY 1,762,1821.8m $161.0m $161.0m 2.24% Added +1.0k +1,036
24 Howard Capital Management, LLC 16.89% of their portfolio Alpharetta, GA 1,495,7321.5m $136.7m $136.7m 16.89% Added +1.4m +1,365,372
25 Raymond James Financial Services Advisors, Inc. 0.22% of their portfolio ST. PETERSBURG, FL 1,489,1701.5m $136.1m $136.1m 0.22% Reduced -180.4k -180,394
26 Foundations Investment Advisors, LLC 3.63% of their portfolio PHOENIX, AZ 1,479,2841.5m $135.2m $135.2m 3.63% Reduced -191.7k -191,674
27 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.15% of their portfolio MILWAUKEE, WI 1,472,7281.5m $134.6m $134.6m 0.15% Added +999.3k +999,282
28 NORDEN GROUP LLC 17.91% of their portfolio PROVO, UT 1,426,2541.4m $104.0m $104.0m 17.91% New
29 Capital Investment Advisory Services, LLC 11.82% of their portfolio RALEIGH, NC 1,385,0031.4m $126.6m $126.6m 11.82% Reduced -183.4k -183,397
30 Sandhill Capital Partners LLC 10.42% of their portfolio BUFFALO, NY 1,372,4391.4m $125.4m $125.4m 10.42% Added +936.3k +936,339
31 RAYMOND JAMES & ASSOCIATES 0.09% of their portfolio ST PETERSBURG, FL 1,321,3331.3m $120.8m $120.8m 0.09% Added +187.1k +187,108
32 Atria Wealth Solutions, Inc. 1.36% of their portfolio NEW YORK, NY 1,186,3501.2m $108.4m $108.4m 1.36% Added +899.8k +899,785
33 Sollinda Capital Management LLC 29.34% of their portfolio HICKORY, NC 1,137,6941.1m $104.0m $104.0m 29.34% First filing
34 Cambridge Investment Research Advisors, Inc. 0.41% of their portfolio FAIRFIELD, IA 1,044,2671.0m $95.4m $95.4m 0.41% Reduced -642.2k -642,218
35 MBL Wealth, LLC 11.55% of their portfolio CHARLOTTE, NC 1,009,6841.0m $92.3m $92.3m 11.55% Added +110.3k +110,273
36 Fortis Group Advisors, LLC 21.81% of their portfolio WESTWOOD, NJ 959,274959.3k $88.1m $88.1m 21.81% Unchanged
37 CWA Asset Management Group, LLC 5.83% of their portfolio NAPLES, FL 932,049932.0k $85.2m $85.2m 5.83% Reduced -145.2k -145,202
38 Envestnet Portfolio Solutions, Inc. 0.35% of their portfolio BERWYN, PA 927,040927.0k $84.7m $84.7m 0.35% Added +541.8k +541,807
39 Ameritas Advisory Services, LLC 4.62% of their portfolio Lincoln, NE 917,645917.6k $83.9m $83.9m 4.62% Added +859.3k +859,333
40 Creative Planning 0.15% of their portfolio OVERLAND PARK, KS 872,299872.3k $79.7m $79.7m 0.15% Added +100.7k +100,684
41 RENAISSANCE TECHNOLOGIES LLC 0.12% of their portfolio NEW YORK, NY 849,100849.1k $77.6m $77.6m 0.12% Added +299.5k +299,500
42 Trek Financial, LLC 6.60% of their portfolio Scottsdale, AZ 832,193832.2k $76.1m $76.1m 6.60% Reduced -236.1k -236,104
43 Cypress Capital, LLC 21.10% of their portfolio FRANKLIN, TN 811,405811.4k $74.2m $74.2m 21.10% Reduced -15.8k -15,840
44 Advisory Services Network, LLC 1.79% of their portfolio ATLANTA, GA 801,267801.3k $73.2m $73.2m 1.79% Added +91.7k +91,737
45 RITHOLTZ WEALTH MANAGEMENT 2.82% of their portfolio NEW YORK, NY 795,425795.4k $72.7m $72.7m 2.82% Added +13.5k +13,453
46 Dakota Wealth Management 2.51% of their portfolio PALM BEACH GARDENS, FL 707,634707.6k $64.7m $64.7m 2.51% Added +130.7k +130,680
47 Second Half Financial Partners, LLC 31.36% of their portfolio SEBRING, FL 695,415695.4k $63.6m $63.6m 31.36% Reduced -405.6k -405,561
48 Private Advisor Group, LLC 0.48% of their portfolio MORRISTOWN, NJ 681,699681.7k $62.3m $62.3m 0.48% Reduced -47.4k -47,391
49 AXXCESS WEALTH MANAGEMENT, LLC 1.83% of their portfolio CARLSBAD, CA 672,725672.7k $61.5m $61.5m 1.83% Added +23.0k +23,036
50 MERCER GLOBAL ADVISORS INC /ADV 0.18% of their portfolio DENVER, CO 660,622660.6k $60.4m $60.4m 0.18% Added +26.3k +26,275
51 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 647,986648.0k $59.2m $59.2m 0.01% Added +643.6k +643,610
52 FIDUCIENT ADVISORS LLC 11.05% of their portfolio Chicago, IL 645,059645.1k $59.0m $59.0m 11.05% Added +270.3k +270,298
53 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 616,210616.2k $56.3m $56.3m 0.00% Added +467.5k +467,457
54 POLEN CAPITAL MANAGEMENT LLC 0.13% of their portfolio Boca Raton, FL 606,590606.6k $55.4m $55.4m 0.13% New
55 Atria Investments, Inc 0.85% of their portfolio Charlotte, NC 598,120598.1k $54.7m $54.7m 0.85% Added +214.0k +213,955
56 Baird Financial Group, Inc. 0.12% of their portfolio MILWAUKEE, WI 591,995592.0k $54.1m $54.1m 0.12% Reduced -290.3k -290,284
57 Mariner, LLC 0.13% of their portfolio Overland Park, KS 581,991582.0k $53.2m $53.2m 0.13% Reduced -228.8k -228,776
58 WESTWOOD HOLDINGS GROUP INC 0.44% of their portfolio DALLAS, TX 564,739564.7k $51.6m $51.6m 0.44% Reduced -38.9k -38,913
59 Freedom Investment Management, Inc. 4.17% of their portfolio SOUTH WINDSOR, CT 560,603560.6k $51.2m $51.2m 4.17% Added +128.3k +128,302
60 Impact Partnership Wealth, LLC 18.71% of their portfolio MARIETTA, GA 560,072560.1k $51.2m $51.2m 18.71% Reduced -340.5k -340,467
61 COMMONWEALTH EQUITY SERVICES, LLC 0.09% of their portfolio WALTHAM, MA 551,308551.3k $50.4m $50.4m 0.09% Reduced -227.3k -227,270
62 CENTAURUS FINANCIAL, INC. 3.78% of their portfolio ANAHEIM, CA 544,456544.5k $49.8m $49.8m 3.78% Added +184.0k +184,020
63 Capital Asset Advisory Services LLC 2.93% of their portfolio Williamston, MI 518,760518.8k $47.4m $47.4m 2.93% Added +121.3k +121,335
64 Equitable Holdings, Inc. 0.58% of their portfolio NEW YORK, NY 510,979511.0k $46.7m $46.7m 0.58% Reduced -645.1k -645,111
65 Brookstone Capital Management 0.89% of their portfolio WHEATON, IL 501,951502.0k $45.9m $45.9m 0.89% Reduced -516.2k -516,184
66 Global Retirement Partners, LLC 1.90% of their portfolio San Rafael, CA 496,431496.4k $45.5m $45.5m 1.90% Reduced -58.2k -58,188
67 Banco Santander, S.A. 0.54% of their portfolio Madrid, U3 495,889495.9k $45.3m $45.3m 0.54% Reduced -14.8k -14,845
68 LIFE LINE WEALTH MANAGEMENT LLC 17.92% of their portfolio Beverly Hills, CA 495,258495.3k $45.3m $45.3m 17.92% First filing
69 Cetera Advisors LLC 0.63% of their portfolio DENVER, CO 494,770494.8k $45.2m $45.2m 0.63% Added +378.9k +378,883
70 CITIGROUP INC 0.06% of their portfolio NEW YORK, NY 486,687486.7k $44.5m $44.5m 0.06% Added +58.3k +58,296
71 HSBC HOLDINGS PLC 0.04% of their portfolio LONDON, X0 484,010484.0k $44.2m $44.2m 0.04% Unchanged
72 Orion Porfolio Solutions, LLC 0.50% of their portfolio OMAHA, NE 473,316473.3k $43.3m $43.3m 0.50% Added +334.5k +334,539
73 Orion Portfolio Solutions, LLC 0.50% of their portfolio Omaha, NE 473,316473.3k $43.3m $43.3m 0.50% Added +334.5k +334,539
74 EP Wealth Advisors, LLC 0.55% of their portfolio TORRANCE, CA 470,767470.8k $43.0m $43.0m 0.55% Added +104.7k +104,729
75 Moloney Securities Asset Management, LLC 6.88% of their portfolio MANCHESTER, MO 470,340470.3k $43.0m $43.0m 6.88% New
76 Acorns Advisers, LLC 0.52% of their portfolio IRVINE, CA 465,327465.3k $42.5m $42.5m 0.52% Added +5.2k +5,204
77 SPROTT INC. 3.78% of their portfolio TORONTO, A6 459,233459.2k $42.0m $42.0m 3.78% Added +45.9k +45,917
78 TECTONIC ADVISORS LLC 3.31% of their portfolio FRISCO, TX 432,193432.2k $39.5m $39.5m 3.31% Added +28.6k +28,620
79 Abich Financial Wealth Management LLC 37.03% of their portfolio ASHBURN, VA 424,258424.3k $38.8m $38.8m 37.03% First filing
80 Delta Investment Management, LLC 9.54% of their portfolio SAN FRANCISCO, CA 420,892420.9k $38.5m $38.5m 9.54% Reduced -360.9k -360,950
81 Bell Bank 3.68% of their portfolio FARGO, ND 417,803417.8k $38.2m $38.2m 3.68% Added +377.9k +377,924
82 One Capital Management, LLC 1.44% of their portfolio WESTLAKE VILLAGE, CA 397,075397.1k $36.3m $36.3m 1.44% Added +113.0k +113,012
83 MML INVESTORS SERVICES, LLC 0.16% of their portfolio SPRINGFIELD, MA 387,392387.4k $35.4m $35.4m 0.16% Added +43.8k +43,798
84 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 386,250386.2k $35.3m $35.3m 0.06% Reduced -361.2k -361,234
85 Tranquilli Financial Advisor LLC 24.83% of their portfolio Clinton, NJ 384,761384.8k $35.2m $35.2m 24.83% New
86 Parkwood LLC 5.53% of their portfolio CLEVELAND, OH 379,000379.0k $34.6m $34.6m 5.53% New
87 Apriem Advisors 4.53% of their portfolio IRVINE, CA 371,238371.2k $33.9m $33.9m 4.53% Added +13.1k +13,053
88 Auour Investments LLC 13.37% of their portfolio WOBURN, MA 369,947369.9k $33.9m $33.9m 13.37% Added +13.8k +13,777
89 Simplicity Solutions, LLC 0.92% of their portfolio MINNEAPOLIS, MN 369,763369.8k $33.8m $33.8m 0.92% Added +173.1k +173,115
90 Thrivent Financial for Lutherans 0.07% of their portfolio Minneapolis, MN 368,410368.4k $33.7m $33.7m 0.07% Added +9.0k +9,023
91 12th Street Asset Management Company, LLC 6.18% of their portfolio Nashville, TN 359,288359.3k $32.8m $32.8m 6.18% Added +31.5k +31,524
92 Bleakley Financial Group, LLC 1.04% of their portfolio PARSIPPANY, NJ 357,803357.8k $32.7m $32.7m 1.04% Added +174.2k +174,241
93 BRASADA CAPITAL MANAGEMENT, LP 6.41% of their portfolio HOUSTON, TX 355,841355.8k $32.5m $32.5m 6.41% Reduced -151.7k -151,685
94 ASSETMARK, INC 0.12% of their portfolio CONCORD, CA 349,277349.3k $31.9m $31.9m 0.12% Reduced -770.0k -770,042
95 GeoWealth Management, LLC 2.57% of their portfolio CHICAGO, IL 340,324340.3k $31.1m $31.1m 2.57% Reduced -448.7k -448,657
96 Northstar Group, Inc. 6.53% of their portfolio NEW YORK, NY 328,866328.9k $30.1m $30.1m 6.53% Added +99.9k +99,872
97 HANOVER ADVISORS INC 14.26% of their portfolio SENECA, SC 319,634319.6k $29.2m $29.2m 14.26% First filing
98 Convergence Financial, LLC 12.94% of their portfolio COLUMBIA, MO 317,291317.3k $29.0m $29.0m 12.94% Added +190.4k +190,365
99 Trilogy Capital Inc. 1.79% of their portfolio IRVINE, CA 316,591316.6k $28.9m $28.9m 1.79% Reduced -706.6k -706,612
100 First Eagle Investment Management, LLC 0.07% of their portfolio NEW YORK, NY 312,842312.8k $28.6m $28.6m 0.07% Reduced -20.7k -20,724