Vault-13

SPDR SER TR BIL

BLOOMBERG 1-3 MO · ETP · CUSIP 78468R663

967 institutional holders -19 vs Q4 2023
228,368,825228.4m shares reported held*
$21.0bnreported value*
109 new 367 added 400 reduced 124 sold out net sold ≈ $1.8bn (-19.7m 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 ($15.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $91.75. Options: 3 managers hold calls ($1.7m notional), 3 hold puts ($853.7k).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 583Q4 22: 690Q1 23: 795Q2 23: 854Q3 23: 872Q4 23: 986Q1 24: 967967Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022583
Q4 2022690
Q1 2023795
Q2 2023854
Q3 2023872
Q4 2023986
Q1 2024967

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 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 23Q1 24: 476 bought or addedQ1 24: 524 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022384259
Q1 2023473321
Q2 2023425406
Q3 2023485370
Q4 2023443480
Q1 2024476524

Calls vs puts

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

CallsPuts
$0$2.5m$5m$7.5m$10mQ2 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 3.02Q1 24 calls: $1.7mQ1 24 puts: $853.7kQ1 24P/C 0.49
Numbers
QuarterCallsPutsP/C
Q2 2023$2.2m$7.4m3.41
Q3 2023$2.6m$5.1m1.98
Q4 2023$3.2m$9.8m3.02
Q1 2024$1.7m$853.7k0.49

Biggest buyers

MORGAN STANLEY Added +12,130,746+12.1m
UBS Group AG Added +1,442,179+1.4m
Cetera Investment Advisers Added +1,226,143+1.2m
JANE STREET GROUP, LLC Added +977,855+977.9k
MILLENNIUM MANAGEMENT LLC Added +915,977+916.0k
PARTNERS CAPITAL INVESTMENT GROUP, LLP Added +912,816+912.8k
GTS SECURITIES LLC Added +875,700+875.7k
EAGLE CAPITAL MANAGEMENT LLC Added +797,711+797.7k
LIFE LINE WEALTH MANAGEMENT LLC Added +571,620+571.6k
Capitolis Liquid Global Markets LLC New +524,000+524.0k

Biggest sellers

Beacon Capital Management, Inc. Reduced -15,668,512-15.7m
ENVESTNET ASSET MANAGEMENT INC Reduced -6,880,032-6.9m
OSAIC HOLDINGS, INC. Reduced -2,292,749-2.3m
Cetera Advisor Networks LLC Sold out -2,288,638-2.3m
AE Wealth Management LLC Reduced -1,977,048-2.0m
NORDEN GROUP LLC Sold out -1,426,254-1.4m
WELLS FARGO & COMPANY/MN Reduced -1,422,999-1.4m
Ameritas Advisory Services, LLC Reduced -834,490-834.5k
RITHOLTZ WEALTH MANAGEMENT Reduced -746,123-746.1k
Capital International Investors Reduced -740,579-740.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.6m17.9k shares
CITADEL ADVISORS LLC Added $91.8k1.0k shares
Leverage Partners Absolute Return Fund SPC New $6437.0k shares

Biggest puts

WOLVERINE TRADING, LLC Added $440.6k4.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $229.5k2.5k shares
CITADEL ADVISORS LLC Reduced $183.6k2.0k 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 MORGAN STANLEY 0.11% of their portfolio NEW YORK, NY 43,023,08443.0m $3.9bn $3.9bn 0.11% Added +12.1m +12,130,746
2 BANK OF AMERICA CORP /DE/ 0.14% of their portfolio CHARLOTTE, NC 15,941,81115.9m $1.5bn $1.5bn 0.14% Reduced -560.0k -559,994
3 LPL Financial LLC 0.46% of their portfolio FORT MILL, SC 9,375,1679.4m $860.6m $860.6m 0.46% Added +142.8k +142,795
4 UBS Group AG 0.25% of their portfolio ZURICH, V8 8,180,3208.2m $751.0m $751.0m 0.25% Added +1.4m +1,442,179
5 ENVESTNET ASSET MANAGEMENT INC 0.24% of their portfolio Berwyn, PA 6,937,5686.9m $636.9m $636.9m 0.24% Reduced -6.9m -6,880,032
6 CAPTRUST FINANCIAL ADVISORS 2.33% of their portfolio RALEIGH, NC 6,902,3936.9m $633.6m $633.6m 2.33% Added +429.3k +429,329
7 TRUIST FINANCIAL CORP 0.85% of their portfolio CHARLOTTE, NC 6,076,0656.1m $557.8m $557.8m 0.85% Reduced -37.9k -37,880
8 WELLS FARGO & COMPANY/MN 0.14% of their portfolio SAN FRANCISCO, CA 5,734,2085.7m $526.4m $526.4m 0.14% Reduced -1.4m -1,422,999
9 Capital Wealth Planning, LLC 4.84% of their portfolio NAPLES, FL 4,928,0174.9m $452.4m $452.4m 4.84% Added +355.9k +355,899
10 ROYAL BANK OF CANADA 0.11% of their portfolio TORONTO, A6 4,912,2234.9m $450.9m $450.9m 0.11% Added +51.1k +51,092
11 STIFEL FINANCIAL CORP 0.46% of their portfolio ST. LOUIS, MO 4,420,6944.4m $405.8m $405.8m 0.46% Added +32.2k +32,151
12 Capital International Investors 0.06% of their portfolio Los Angeles, CA 3,413,4663.4m $313.4m $313.4m 0.06% Reduced -740.6k -740,579
13 Cetera Investment Advisers 0.72% of their portfolio SCHAUMBURG, IL 3,305,5243.3m $303.4m $303.4m 0.72% Added +1.2m +1,226,143
14 OSAIC HOLDINGS, INC. 0.58% of their portfolio SCOTTSDALE, AZ 2,836,8852.8m $260.5m $260.5m 0.58% Reduced -2.3m -2,292,749
15 AMERIPRISE FINANCIAL INC 0.07% of their portfolio MINNEAPOLIS, MN 2,653,8172.7m $243.7m $243.7m 0.07% Reduced -593.8k -593,803
16 EAGLE CAPITAL MANAGEMENT LLC 0.94% of their portfolio New York, NY 2,641,0342.6m $242.4m $242.4m 0.94% Added +797.7k +797,711
17 Beacon Capital Management, Inc. 8.51% of their portfolio DAYTON, OH 2,222,6912.2m $203.2m $203.2m 8.51% Reduced -15.7m -15,668,512
18 CWM, LLC 0.84% of their portfolio OMAHA, NE 1,889,2741.9m $173.4m $173.4m 0.84% Reduced -181.9k -181,938
19 Sandhill Capital Partners LLC 13.72% of their portfolio BUFFALO, NY 1,868,1571.9m $171.5m $171.5m 13.72% Added +495.7k +495,718
20 OPPENHEIMER ASSET MANAGEMENT INC. 2.39% of their portfolio NEW YORK, NY 1,779,8491.8m $163.4m $163.4m 2.39% Added +17.7k +17,667
21 SEI INVESTMENTS CO 0.23% of their portfolio OAKS, PA 1,732,6511.7m $159.1m $159.1m 0.23% Reduced -537.9k -537,920
22 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 1.72% of their portfolio Madrid, U3 1,639,1061.6m $149.9m $149.9m 1.72% Reduced -154.9k -154,919
23 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.14% of their portfolio MILWAUKEE, WI 1,512,5621.5m $138.9m $138.9m 0.14% Added +39.8k +39,834
24 Howard Capital Management, LLC 14.82% of their portfolio Alpharetta, GA 1,478,0111.5m $135.7m $135.7m 14.82% Reduced -17.7k -17,721
25 Raymond James Financial Services Advisors, Inc. 0.19% of their portfolio ST. PETERSBURG, FL 1,391,8731.4m $127.8m $127.8m 0.19% Reduced -97.3k -97,297
26 Foundations Investment Advisors, LLC 3.32% of their portfolio PHOENIX, AZ 1,382,3471.4m $126.9m $126.9m 3.32% Reduced -96.9k -96,937
27 PARTNERS CAPITAL INVESTMENT GROUP, LLP 3.00% of their portfolio BOSTON, MA 1,209,5551.2m $111.0m $111.0m 3.00% Added +912.8k +912,816
28 MILLENNIUM MANAGEMENT LLC 0.09% of their portfolio NEW YORK, NY 1,107,4621.1m $101.7m $101.7m 0.09% Added +916.0k +915,977
29 Creative Planning 0.11% of their portfolio OVERLAND PARK, KS 1,092,0871.1m $100.3m $100.3m 0.11% Added +219.8k +219,788
30 LIFE LINE WEALTH MANAGEMENT LLC 37.09% of their portfolio Beverly Hills, CA 1,066,8781.1m $97.9m $97.9m 37.09% Added +571.6k +571,620
31 Cambridge Investment Research Advisors, Inc. 0.38% of their portfolio FAIRFIELD, IA 1,061,8231.1m $97.5m $97.5m 0.38% Added +17.6k +17,556
32 MBL Wealth, LLC 11.04% of their portfolio CHARLOTTE, NC 1,056,6571.1m $97.0m $97.0m 11.04% Added +47.0k +46,973
33 JANE STREET GROUP, LLC 0.13% of their portfolio NEW YORK, NY 1,056,6441.1m $97.0m $97.0m 0.13% Added +977.9k +977,855
34 GTS SECURITIES LLC 2.62% of their portfolio NEW YORK, NY 1,054,3981.1m $96.8m $96.8m 2.62% Added +875.7k +875,700
35 RAYMOND JAMES & ASSOCIATES 0.07% of their portfolio ST PETERSBURG, FL 1,048,3291.0m $96.2m $96.2m 0.07% Reduced -273.0k -273,004
36 Sollinda Capital Management LLC 28.69% of their portfolio HICKORY, NC 1,000,0681.0m $91.8m $91.8m 28.69% Reduced -137.6k -137,626
37 Cypress Capital, LLC 22.39% of their portfolio FRANKLIN, TN 891,776891.8k $81.9m $81.9m 22.39% Added +80.4k +80,371
38 RENAISSANCE TECHNOLOGIES LLC 0.12% of their portfolio NEW YORK, NY 849,100849.1k $77.9m $77.9m 0.12% Unchanged
39 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 839,934839.9k $77.1m $77.1m 0.00% Added +223.7k +223,724
40 Dakota Wealth Management 1.91% of their portfolio PALM BEACH GARDENS, FL 831,234831.2k $76.3m $76.3m 1.91% Added +123.6k +123,600
41 Capital Investment Advisory Services, LLC 7.46% of their portfolio RALEIGH, NC 758,741758.7k $69.7m $69.7m 7.46% Reduced -626.3k -626,262
42 Advisory Services Network, LLC 1.51% of their portfolio ATLANTA, GA 742,977743.0k $68.2m $68.2m 1.51% Reduced -58.3k -58,290
43 Bell Bank 5.75% of their portfolio FARGO, ND 728,432728.4k $66.9m $66.9m 5.75% Added +310.6k +310,629
44 MERCER GLOBAL ADVISORS INC /ADV 0.19% of their portfolio DENVER, CO 710,341710.3k $65.2m $65.2m 0.19% Added +49.7k +49,719
45 Private Advisor Group, LLC 0.46% of their portfolio MORRISTOWN, NJ 696,622696.6k $63.9m $63.9m 0.46% Added +14.9k +14,923
46 Twelve Points Wealth Management LLC 22.94% of their portfolio CONCORD, MA 682,707682.7k $62.7m $62.7m 22.94% Added +399.1k +399,053
47 Banco Santander, S.A. 0.71% of their portfolio Madrid, U3 643,824643.8k $59.1m $59.1m 0.71% Added +147.9k +147,935
48 Mariner, LLC 0.12% of their portfolio Overland Park, KS 637,972638.0k $58.6m $58.6m 0.12% Added +56.0k +55,981
49 AXXCESS WEALTH MANAGEMENT, LLC 1.63% of their portfolio CARLSBAD, CA 624,717624.7k $57.3m $57.3m 1.63% Reduced -48.0k -48,008
50 Atria Wealth Solutions, Inc. 0.59% of their portfolio NEW YORK, NY 569,120569.1k $52.2m $52.2m 0.59% Reduced -617.2k -617,230
51 Capital Asset Advisory Services LLC 2.93% of their portfolio Williamston, MI 558,266558.3k $51.1m $51.1m 2.93% Added +39.5k +39,506
52 LAKE STREET ADVISORS GROUP, LLC 2.34% of their portfolio PORTSMOUTH, NH 544,653544.7k $50.0m $50.0m 2.34% Added +296.4k +296,354
53 CENTAURUS FINANCIAL, INC. 3.41% of their portfolio ANAHEIM, CA 531,682531.7k $48.8m $48.8m 3.41% Reduced -12.8k -12,774
54 COMMONWEALTH EQUITY SERVICES, LLC 0.08% of their portfolio WALTHAM, MA 531,381531.4k $48.8m $48.8m 0.08% Reduced -19.9k -19,927
55 Freedom Investment Management, Inc. 3.87% of their portfolio SOUTH WINDSOR, CT 525,384525.4k $48.2m $48.2m 3.87% Reduced -35.2k -35,219
56 Capitolis Liquid Global Markets LLC 0.77% of their portfolio NEW YORK, NY 524,000524.0k $48.1m $48.1m 0.77% New
57 One Capital Management, LLC 1.70% of their portfolio WESTLAKE VILLAGE, CA 511,734511.7k $47.0m $47.0m 1.70% Added +114.7k +114,659
58 Brookstone Capital Management 0.83% of their portfolio WHEATON, IL 506,375506.4k $46.5m $46.5m 0.83% Added +4.4k +4,424
59 ASSETMARK, INC 0.15% of their portfolio CONCORD, CA 490,071490.1k $45.0m $45.0m 0.15% Added +140.8k +140,794
60 HSBC HOLDINGS PLC 0.03% of their portfolio LONDON, X0 484,010484.0k $44.4m $44.4m 0.03% Unchanged
61 Envestnet Portfolio Solutions, Inc. 0.16% of their portfolio BERWYN, PA 477,137477.1k $43.8m $43.8m 0.16% Reduced -449.9k -449,903
62 EP Wealth Advisors, LLC 0.51% of their portfolio TORRANCE, CA 475,297475.3k $43.6m $43.6m 0.51% Added +4.5k +4,530
63 Acorns Advisers, LLC 0.48% of their portfolio IRVINE, CA 469,235469.2k $43.1m $43.1m 0.48% Added +3.9k +3,908
64 Baird Financial Group, Inc. 0.09% of their portfolio MILWAUKEE, WI 468,986469.0k $43.1m $43.1m 0.09% Reduced -123.0k -123,009
65 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.06% of their portfolio BALA CYNWYD, PA 467,240467.2k $42.9m $42.9m 0.06% Added +456.0k +455,992
66 Impact Partnership Wealth, LLC 16.82% of their portfolio MARIETTA, GA 462,284462.3k $42.4m $42.4m 16.82% Reduced -97.8k -97,788
67 Synergy Asset Management, LLC 7.10% of their portfolio VANCOUVER, WA 455,536455.5k $41.8m $41.8m 7.10% Added +395.9k +395,855
68 Global Retirement Partners, LLC 1.55% of their portfolio San Rafael, CA 452,270452.3k $41.5m $41.5m 1.55% Reduced -44.2k -44,161
69 49 WEALTH MANAGEMENT, LLC 8.81% of their portfolio AUSTIN, TX 449,310449.3k $41.1m $41.1m 8.81% Added +356.2k +356,202
70 Jordan Park Group LLC 2.59% of their portfolio SAN FRANCISCO, CA 443,891443.9k $40.7m $40.7m 2.59% Added +366.5k +366,530
71 NAPA WEALTH MANAGEMENT 21.11% of their portfolio Napa, CA 436,760436.8k $40.1m $40.1m 21.11% Added +228.9k +228,882
72 GeoWealth Management, LLC 1.46% of their portfolio CHICAGO, IL 412,582412.6k $37.9m $37.9m 1.46% Added +72.3k +72,258
73 Fortis Group Advisors, LLC 6.78% of their portfolio WESTWOOD, NJ 401,073401.1k $36.8m $36.8m 6.78% Reduced -558.2k -558,201
74 Orion Porfolio Solutions, LLC 0.39% of their portfolio OMAHA, NE 392,991393.0k $36.1m $36.1m 0.39% Reduced -80.3k -80,325
75 Orion Portfolio Solutions, LLC 0.39% of their portfolio Omaha, NE 392,991393.0k $36.1m $36.1m 0.39% Reduced -80.3k -80,325
76 FIRST TRUST ADVISORS LP 0.04% of their portfolio Wheaton, IL 390,864390.9k $35.9m $35.9m 0.04% Added +364.4k +364,382
77 WESTWOOD HOLDINGS GROUP INC 0.28% of their portfolio DALLAS, TX 389,561389.6k $35.8m $35.8m 0.28% Reduced -175.2k -175,178
78 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 387,692387.7k $35.6m $35.6m 0.06% Added +1.4k +1,442
79 TECTONIC ADVISORS LLC 2.68% of their portfolio FRISCO, TX 383,181383.2k $35.2m $35.2m 2.68% Reduced -49.0k -49,012
80 Apriem Advisors 4.38% of their portfolio IRVINE, CA 379,582379.6k $34.8m $34.8m 4.38% Added +8.3k +8,344
81 Thrivent Financial for Lutherans 0.07% of their portfolio Minneapolis, MN 377,687377.7k $34.7m $34.7m 0.07% Added +9.3k +9,277
82 Second Half Financial Partners, LLC 14.41% of their portfolio SEBRING, FL 353,023353.0k $32.4m $32.4m 14.41% Reduced -342.4k -342,392
83 Northstar Group, Inc. 6.24% of their portfolio NEW YORK, NY 346,349346.3k $31.8m $31.8m 6.24% Added +17.5k +17,483
84 Bridgewealth Advisory Group, LLC 15.49% of their portfolio Fresno, CA 344,761344.8k $31.6m $31.6m 15.49% Added +123.1k +123,148
85 Scharf Investments, LLC 0.85% of their portfolio LOS GATOS, CA 343,686343.7k $31.6m $31.6m 0.85% Added +315.3k +315,296
86 12th Street Asset Management Company, LLC 5.45% of their portfolio Nashville, TN 342,394342.4k $31.4m $31.4m 5.45% Reduced -16.9k -16,894
87 Trek Financial, LLC 2.44% of their portfolio Scottsdale, AZ 336,174336.2k $30.9m $30.9m 2.44% Reduced -496.0k -496,019
88 EverSource Wealth Advisors, LLC 2.42% of their portfolio BIRMINGHAM, AL 335,299335.3k $30.8m $30.8m 2.42% Added +105.8k +105,821
89 CITIGROUP INC 0.03% of their portfolio NEW YORK, NY 334,749334.7k $30.7m $30.7m 0.03% Reduced -151.9k -151,938
90 Parkwood LLC 3.11% of their portfolio CLEVELAND, OH 324,000324.0k $29.7m $29.7m 3.11% Reduced -55.0k -55,000
91 Federation des caisses Desjardins du Quebec 0.21% of their portfolio LEVIS, A8 323,948323.9k $29.7m $29.7m 0.21% Added +322.6k +322,567
92 Weaver Capital Management LLC 10.20% of their portfolio SUWANEE, GA 320,410320.4k $29.4m $29.4m 10.20% Added +30.3k +30,296
93 Convergence Financial, LLC 12.05% of their portfolio COLUMBIA, MO 317,830317.8k $29.2m $29.2m 12.05% Added +539 +539
94 MML INVESTORS SERVICES, LLC 0.12% of their portfolio SPRINGFIELD, MA 317,073317.1k $29.1m $29.1m 0.12% Reduced -70.3k -70,319
95 HANOVER ADVISORS INC 12.08% of their portfolio SENECA, SC 313,686313.7k $28.8m $28.8m 12.08% Reduced -5.9k -5,948
96 Auour Investments LLC 10.56% of their portfolio WOBURN, MA 311,800311.8k $28.6m $28.6m 10.56% Reduced -58.1k -58,147
97 SPROTT INC. 2.03% of their portfolio TORONTO, A6 307,315307.3k $28.2m $28.2m 2.03% Reduced -151.9k -151,918
98 PRUDENTIAL FINANCIAL INC 0.04% of their portfolio NEWARK, NJ 303,939303.9k $27.9m $27.9m 0.04% Added +46.9k +46,944
99 CWA Asset Management Group, LLC 1.69% of their portfolio NAPLES, FL 302,204302.2k $27.7m $27.7m 1.69% Reduced -629.8k -629,845
100 RFG Advisory, LLC 0.94% of their portfolio BIRMINGHAM, AL 300,988301.0k $27.6m $27.6m 0.94% Added +115.4k +115,414