Vault-13

SPDR SER TR BIL

BLOOMBERG 1-3 MO · ETP · CUSIP 78468R663

1,296 institutional holders -28 vs Q1 2026
274,638,672274.6m shares reported held*
$25.2bnreported value*
106 new 480 added 593 reduced 134 sold out net sold ≈ $3.6bn (-38.9m 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 ($104.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $91.67. Options: 2 managers hold calls ($2.9m notional), 2 hold puts ($7.4m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 583Q4 22: 690Q1 23: 795Q2 23: 854Q3 23: 872Q4 23: 986Q1 24: 967Q2 24: 1,033Q3 24: 1,047Q4 24: 1,133Q1 25: 1,174Q2 25: 1,182Q3 25: 1,174Q4 25: 1,247Q1 26: 1,324Q2 26: 1,2961,296Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022583
Q4 2022690
Q1 2023795
Q2 2023854
Q3 2023872
Q4 2023986
Q1 2024967
Q2 20241,033
Q3 20241,047
Q4 20241,133
Q1 20251,174
Q2 20251,182
Q3 20251,174
Q4 20251,247
Q1 20261,324
Q2 20261,296

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 24: 505 bought or addedQ3 24: 529 cut or sold outQ4 24: 594 bought or addedQ4 24: 451 cut or sold outQ4 24Q1 25: 668 bought or addedQ1 25: 497 cut or sold outQ2 25: 599 bought or addedQ2 25: 572 cut or sold outQ2 25Q3 25: 597 bought or addedQ3 25: 598 cut or sold outQ4 25: 616 bought or addedQ4 25: 569 cut or sold outQ4 25Q1 26: 742 bought or addedQ1 26: 560 cut or sold outQ2 26: 586 bought or addedQ2 26: 727 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024505529
Q4 2024594451
Q1 2025668497
Q2 2025599572
Q3 2025597598
Q4 2025616569
Q1 2026742560
Q2 2026586727

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ3 25 calls: $2.1mQ3 25 puts: $4.5mQ3 25P/C 2.11Q4 25 calls: $265.0kQ4 25 puts: $1.3mQ4 25P/C 5.03Q1 26 calls: $2.5mQ1 26 puts: $4.9mQ1 26P/C 1.95Q2 26 calls: $2.9mQ2 26 puts: $7.4mQ2 26P/C 2.58
Numbers
QuarterCallsPutsP/C
Q3 2025$2.1m$4.5m2.11
Q4 2025$265.0k$1.3m5.03
Q1 2026$2.5m$4.9m1.95
Q2 2026$2.9m$7.4m2.58

Biggest buyers

Impact Partnership Wealth, LLC Added +1,501,159+1.5m
Cambridge Investment Research Advisors, Inc. Added +1,267,581+1.3m
Capital Wealth Planning, LLC Added +993,850+993.9k
First Eagle Investment Management, LLC Added +790,900+790.9k
Permanens Capital L.P. Added +789,899+789.9k
UBS Group AG Added +769,848+769.8k
STIFEL FINANCIAL CORP Added +574,187+574.2k
AQR CAPITAL MANAGEMENT LLC Added +556,534+556.5k
CITIGROUP INC Added +520,539+520.5k
Capital International Investors Added +468,565+468.6k

Biggest sellers

Howard Capital Management, LLC Reduced -12,062,070-12.1m
3EDGE Asset Management, LP Reduced -3,084,891-3.1m
ENVESTNET ASSET MANAGEMENT INC Reduced -2,605,380-2.6m
BANK OF AMERICA CORP /DE/ Reduced -2,368,627-2.4m
Counterpoint Mutual Funds LLC Sold out -2,206,436-2.2m
Horizon Investments, LLC Reduced -1,977,505-2.0m
AMERIPRISE FINANCIAL INC Reduced -1,630,165-1.6m
Cetera Investment Advisers Reduced -1,491,963-1.5m
MORGAN STANLEY Reduced -1,303,051-1.3m
Concurrent Investment Advisors, LLC Reduced -1,288,062-1.3m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.9m20.8k shares
CITADEL ADVISORS LLC Added $962.2k10.5k shares

Biggest puts

CITADEL ADVISORS LLC Added $6.1m67.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.2m13.5k 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.14% of their portfolio NEW YORK, NY 29,155,72129.2m $2.7bn $2.7bn 0.14% Reduced -1.3m -1,303,051
2 BANK OF AMERICA CORP /DE/ 0.10% of their portfolio CHARLOTTE, NC 16,503,91916.5m $1.5bn $1.5bn 0.10% Reduced -2.4m -2,368,627
3 LPL Financial LLC 0.32% of their portfolio FORT MILL, SC 15,528,20415.5m $1.4bn $1.4bn 0.32% Reduced -1.2m -1,248,132
4 UBS Group AG 0.13% of their portfolio ZURICH, V8 9,070,9499.1m $831.3m $831.3m 0.13% Added +769.8k +769,848
5 WELLS FARGO & COMPANY/MN 0.13% of their portfolio SAN FRANCISCO, CA 8,400,7268.4m $769.8m $769.8m 0.13% Added +205.4k +205,424
6 ROYAL BANK OF CANADA 0.12% of their portfolio TORONTO, A6 7,879,8307.9m $722.1m $722.1m 0.12% Reduced -184.3k -184,251
7 AQR CAPITAL MANAGEMENT LLC 0.18% of their portfolio Greenwich, CT 5,550,8175.6m $508.7m $508.7m 0.18% Added +556.5k +556,534
8 STIFEL FINANCIAL CORP 0.41% of their portfolio ST. LOUIS, MO 5,372,0885.4m $492.3m $492.3m 0.41% Added +574.2k +574,187
9 Capital Wealth Planning, LLC 2.28% of their portfolio NAPLES, FL 4,976,0985.0m $456.0m $456.0m 2.28% Added +993.9k +993,850
10 3EDGE Asset Management, LP 19.23% of their portfolio Naples, FL 4,705,2704.7m $431.2m $431.2m 19.23% Reduced -3.1m -3,084,891
11 ENVESTNET ASSET MANAGEMENT INC 0.10% of their portfolio Berwyn, PA 4,690,8114.7m $429.9m $429.9m 0.10% Reduced -2.6m -2,605,380
12 ASSETMARK, INC 0.72% of their portfolio CONCORD, CA 4,600,2594.6m $421.6m $421.6m 0.72% Reduced -1.1m -1,107,062
13 RAYMOND JAMES FINANCIAL INC 0.11% of their portfolio ST. PETERSBURG, FL 4,581,2404.6m $419.8m $419.8m 0.11% Reduced -798.7k -798,673
14 IEQ CAPITAL, LLC 1.80% of their portfolio Foster City, CA 4,256,0874.3m $390.0m $390.0m 1.80% Reduced -521.1k -521,112
15 Cambridge Investment Research Advisors, Inc. 0.41% of their portfolio FAIRFIELD, IA 3,916,4983.9m $358.9m $358.9m 0.41% Added +1.3m +1,267,581
16 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 2.08% of their portfolio Madrid, U3 3,645,9613.6m $334.3m $334.3m 2.08% Added +81.6k +81,603
17 Capital International Investors 0.06% of their portfolio Los Angeles, CA 3,379,6313.4m $309.7m $309.7m 0.06% Added +468.6k +468,565
18 WESTWOOD HOLDINGS GROUP INC 2.28% of their portfolio DALLAS, TX 3,300,1473.3m $302.4m $302.4m 2.28% Reduced -207.7k -207,671
19 CAPTRUST FINANCIAL ADVISORS 0.46% of their portfolio RALEIGH, NC 3,263,5553.3m $299.1m $299.1m 0.46% Reduced -623.0k -623,006
20 Cetera Investment Advisers 0.24% of their portfolio SCHAUMBURG, IL 2,856,9882.9m $261.8m $261.8m 0.24% Reduced -1.5m -1,491,963
21 OSAIC HOLDINGS, INC. 0.26% of their portfolio SCOTTSDALE, AZ 2,449,0462.4m $224.5m $224.5m 0.26% Added +50.8k +50,768
22 OPPENHEIMER ASSET MANAGEMENT INC. 2.09% of their portfolio NEW YORK, NY 2,193,1552.2m $201.0m $201.0m 2.09% Reduced -99.9k -99,897
23 Composition Wealth, LLC 2.33% of their portfolio LOS ANGELES, CA 2,168,4592.2m $198.7m $198.7m 2.33% Added +172.6k +172,568
24 First Eagle Investment Management, LLC 0.16% of their portfolio NEW YORK, NY 2,154,3102.2m $197.4m $197.4m 0.16% Added +790.9k +790,900
25 Ashton Thomas Private Wealth, LLC 4.11% of their portfolio SCOTTSDALE, AZ 2,150,2732.2m $197.1m $197.1m 4.11% Added +232.4k +232,381
26 AGF MANAGEMENT LTD 0.70% of their portfolio TORONTO, A6 1,982,4722.0m $181.7m $181.7m 0.70% Reduced -59.6k -59,577
27 MONETA GROUP INVESTMENT ADVISORS LLC 1.31% of their portfolio ST LOUIS, MO 1,924,6901.9m $176.4m $176.4m 1.31% Added +177.9k +177,873
28 Permanens Capital L.P. 16.75% of their portfolio NEW YORK, NY 1,777,6811.8m $162.9m $162.9m 16.75% Added +789.9k +789,899
29 Impact Partnership Wealth, LLC 15.04% of their portfolio MARIETTA, GA 1,688,0431.7m $154.7m $154.7m 15.04% Added +1.5m +1,501,159
30 Equitable Holdings, Inc. 0.91% of their portfolio NEW YORK, NY 1,668,8841.7m $152.9m $152.9m 0.91% Added +219.8k +219,829
31 Rockefeller Capital Management L.P. 0.22% of their portfolio NEW YORK, NY 1,567,0691.6m $143.6m $143.6m 0.22% Added +59.9k +59,922
32 MBL Wealth, LLC 9.51% of their portfolio CHARLOTTE, NC 1,518,0421.5m $139.1m $139.1m 9.51% Added +199.4k +199,400
33 Creative Planning 0.07% of their portfolio OVERLAND PARK, KS 1,389,0671.4m $127.3m $127.3m 0.07% Reduced -21.9k -21,854
34 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 1,306,9511.3m $120.0m $120.0m 0.02% Reduced -1.6m -1,630,165
35 TRUIST FINANCIAL CORP 0.13% of their portfolio CHARLOTTE, NC 1,193,5581.2m $109.4m $109.4m 0.13% Added +55.1k +55,058
36 Dakota Wealth Management 1.99% of their portfolio PALM BEACH GARDENS, FL 1,137,3021.1m $104.2m $104.2m 1.99% Reduced -158.8k -158,792
37 SPROTT INC. 3.34% of their portfolio TORONTO, A6 1,100,9981.1m $100.9m $100.9m 3.34% Added +222.9k +222,947
38 Sandhill Capital Partners LLC 8.15% of their portfolio BUFFALO, NY 1,093,4031.1m $100.2m $100.2m 8.15% Reduced -162.9k -162,910
39 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.05% of their portfolio MILWAUKEE, WI 1,076,2081.1m $98.6m $98.6m 0.05% Reduced -107.7k -107,704
40 ArrowMark Colorado Holdings LLC 3.75% of their portfolio Denver, CO 982,494982.5k $90.0m $90.0m 3.75% Reduced -287.5k -287,529
41 MERCER GLOBAL ADVISORS INC /ADV 0.11% of their portfolio DENVER, CO 951,255951.3k $87.2m $87.2m 0.11% Added +104.3k +104,337
42 CITIGROUP INC 0.04% of their portfolio NEW YORK, NY 919,624919.6k $84.3m $84.3m 0.04% Added +520.5k +520,539
43 Private Advisor Group, LLC 0.37% of their portfolio MORRISTOWN, NJ 881,426881.4k $80.8m $80.8m 0.37% Reduced -5.3k -5,297
44 Foundations Investment Advisors, LLC 0.79% of their portfolio PHOENIX, AZ 841,692841.7k $77.1m $77.1m 0.79% Reduced -241.9k -241,926
45 AXXCESS WEALTH MANAGEMENT, LLC 1.21% of their portfolio CARLSBAD, CA 830,390830.4k $76.1m $76.1m 1.21% Reduced -3.1k -3,079
46 COMMONWEALTH EQUITY SERVICES, LLC 0.09% of their portfolio WALTHAM, MA 786,316786.3k $72.1m $72.1m 0.09% Added +142.0k +142,039
47 Baird Financial Group, Inc. 0.09% of their portfolio MILWAUKEE, WI 727,796727.8k $66.7m $66.7m 0.09% Added +113.3k +113,318
48 Verdence Capital Advisors LLC 3.49% of their portfolio HUNT VALLEY, MD 724,608724.6k $66.4m $66.4m 3.49% Added +136.8k +136,832
49 Marex Group Ltd 0.48% of their portfolio London, X0 704,593704.6k $64.6m $64.6m 0.48% Added +315.6k +315,563
50 Howard Capital Management, LLC 0.76% of their portfolio Alpharetta, GA 698,509698.5k $64.0m $64.0m 0.76% Reduced -12.1m -12,062,070
51 Mariner, LLC 0.07% of their portfolio Overland Park, KS 681,629681.6k $62.5m $62.5m 0.07% Reduced -497.8k -497,808
52 Thrivent Financial for Lutherans 0.10% of their portfolio Minneapolis, MN 680,372680.4k $62.4m $62.4m 0.10% Added +279.4k +279,369
53 Atria Investments, Inc 0.62% of their portfolio Charlotte, NC 679,771679.8k $62.3m $62.3m 0.62% Reduced -576.4k -576,421
54 Merit Financial Group, LLC 0.39% of their portfolio ALPHARETTA, GA 677,106677.1k $62.0m $62.0m 0.39% Added +159.6k +159,555
55 Brookstone Capital Management 0.61% of their portfolio WHEATON, IL 662,930662.9k $60.8m $60.8m 0.61% Reduced -62.4k -62,390
56 Capital Asset Advisory Services LLC 2.17% of their portfolio Williamston, MI 654,789654.8k $60.0m $60.0m 2.17% Added +21.7k +21,676
57 Proficio Capital Partners LLC 2.11% of their portfolio NEWTON, MA 641,290641.3k $58.8m $58.8m 2.11% Added +144.9k +144,860
58 Focus Partners Wealth 0.06% of their portfolio ST LOUIS, MO 636,167636.2k $58.3m $58.3m 0.06% Added +60.0k +59,983
59 OPPENHEIMER & CO INC 0.62% of their portfolio NEW YORK, NY 630,717630.7k $57.8m $57.8m 0.62% Added +94.7k +94,697
60 Jefferies Financial Group Inc. 0.52% of their portfolio NEW YORK, NY 615,651615.7k $56.4m $56.4m 0.52% Added +55.9k +55,891
61 Mirae Asset Global Investments Co., Ltd. 0.11% of their portfolio SEOUL, M5 613,230613.2k $56.2m $56.2m 0.11% Reduced -77.8k -77,770
62 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 603,390603.4k $55.3m $55.3m 0.03% Added +413.2k +413,182
63 Quantinno Capital Management LP 0.07% of their portfolio NEW YORK, NY 600,968601.0k $55.1m $55.1m 0.07% Added +286.4k +286,377
64 Acorns Advisers, LLC 0.35% of their portfolio IRVINE, CA 592,581592.6k $54.3m $54.3m 0.35% Added +7.2k +7,234
65 Advisory Services Network, LLC 0.62% of their portfolio ATLANTA, GA 590,260590.3k $54.1m $54.1m 0.62% Added +177.9k +177,924
66 MML INVESTORS SERVICES, LLC 0.11% of their portfolio SPRINGFIELD, MA 588,856588.9k $54.0m $54.0m 0.11% Added +38.8k +38,813
67 Janney Montgomery Scott LLC 0.10% of their portfolio PHILADELPHIA, PA 571,699571.7k $52.4m $52.4m 0.10% Reduced -14.4k -14,419
68 12th Street Asset Management Company, LLC 7.34% of their portfolio Nashville, TN 562,486562.5k $51.5m $51.5m 7.34% Added +152.7k +152,724
69 Integrated Wealth Concepts LLC 0.25% of their portfolio WALTHAM, MA 560,868560.9k $51.4m $51.4m 0.25% Added +257.3k +257,312
70 Northstar Group, Inc. 6.58% of their portfolio NEW YORK, NY 557,601557.6k $51.1m $51.1m 6.58% Added +32.6k +32,572
71 Capital Investment Advisory Services, LLC 3.11% of their portfolio RALEIGH, NC 550,727550.7k $50.5m $50.5m 3.11% Reduced -58.4k -58,411
72 Salomon & Ludwin, LLC 4.06% of their portfolio RICHMOND, VA 539,532539.5k $49.3m $49.3m 4.06% Added +10.1k +10,144
73 Relyea Zuckerberg Hanson LLC 4.03% of their portfolio STAMFORD, CT 527,732527.7k $48.4m $48.4m 4.03% Added +22.2k +22,250
74 McGuire Investment Group, LLC 4.15% of their portfolio WAKEFIELD, RI 517,151517.2k $47.4m $47.4m 4.15% Added +27.7k +27,655
75 Perigon Wealth Management, LLC 0.74% of their portfolio SAN FRANCISCO, CA 509,900509.9k $46.7m $46.7m 0.74% Reduced -186.2k -186,177
76 HERITAGE OAK WEALTH ADVISORS LLC 13.77% of their portfolio SANTA ROSA BEACH, FL 507,570507.6k $46.5m $46.5m 13.77% Added +195.7k +195,713
77 Steward Partners Investment Advisory, LLC 0.23% of their portfolio STAMFORD, CT 500,304500.3k $45.8m $45.8m 0.23% Added +70.6k +70,642
78 &PARTNERS 0.19% of their portfolio NASHVILLE, TN 500,157500.2k $45.8m $45.8m 0.19% Added +49.7k +49,698
79 Encompass More Asset Management 6.71% of their portfolio Danville, CA 498,380498.4k $45.7m $45.7m 6.71% Added +40.0k +40,036
80 Portside Wealth Group, LLC 5.32% of their portfolio Provo, UT 496,763496.8k $45.5m $45.5m 5.32% Reduced -40.7k -40,658
81 Ausdal Financial Partners, Inc. 1.78% of their portfolio Davenport, IA 494,011494.0k $45.3m $45.3m 1.78% Added +48.7k +48,689
82 Apriem Advisors 3.86% of their portfolio IRVINE, CA 486,811486.8k $44.6m $44.6m 3.86% Added +16.7k +16,743
83 Second Half Financial Partners, LLC 17.63% of their portfolio SEBRING, FL 469,315469.3k $43.0m $43.0m 17.63% Unchanged
84 Barry Investment Advisors, LLC 8.98% of their portfolio NEW BEDFORD, MA 468,582468.6k $42.9m $42.9m 8.98% Added +142.9k +142,880
85 Sollinda Capital Management LLC 9.17% of their portfolio HICKORY, NC 468,486468.5k $42.9m $42.9m 9.17% Reduced -30.9k -30,896
86 EP Wealth Advisors, LLC 0.16% of their portfolio TORRANCE, CA 462,954463.0k $42.4m $42.4m 0.16% Added +60.0k +59,953
87 Trivium Point Advisory, LLC 3.81% of their portfolio WILTON, CT 458,902458.9k $42.1m $42.1m 3.81% Added +409.5k +409,508
88 Gradient Investments LLC 0.58% of their portfolio ARDEN HILLS, MN 457,506457.5k $41.9m $41.9m 0.58% Added +4.4k +4,422
89 Capital World Investors 0.00% of their portfolio LOS ANGELES, CA 446,094446.1k $40.9m $40.9m 0.00% Reduced -32.1k -32,057
90 Cresset Asset Management, LLC 0.15% of their portfolio Chicago, IL 440,741440.7k $40.4m $40.4m 0.15% Reduced -4.6k -4,620
91 DIMENSION CAPITAL MANAGEMENT LLC 4.64% of their portfolio Coral Gables, FL 431,114431.1k $39.5m $39.5m 4.64% Reduced -19.3k -19,301
92 D.A. DAVIDSON & CO. 0.22% of their portfolio GREAT FALLS, MT 430,788430.8k $39.5m $39.5m 0.22% Reduced -20.1k -20,143
93 Pacific Point Advisors, LLC 17.53% of their portfolio SAN DIEGO, CA 418,822418.8k $38.4m $38.4m 17.53% Added +31.6k +31,575
94 Concurrent Investment Advisors, LLC 0.32% of their portfolio Tampa, FL 409,487409.5k $37.5m $37.5m 0.32% Reduced -1.3m -1,288,062
95 Teamwork Financial Advisors, LLC 3.47% of their portfolio San Antonio, TX 405,781405.8k $37.2m $37.2m 3.47% Added +159.7k +159,679
96 One Capital Management, LLC 1.03% of their portfolio WESTLAKE VILLAGE, CA 404,120404.1k $37.0m $37.0m 1.03% Unchanged
97 RFG Advisory, LLC 0.57% of their portfolio BIRMINGHAM, AL 395,879395.9k $36.3m $36.3m 0.57% Added +16.9k +16,886
98 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 392,492392.5k $36.0m $36.0m 0.01% Reduced -79.7k -79,740
99 Gotham Asset Management, LLC 0.08% of their portfolio NEW YORK, NY 387,141387.1k $35.5m $35.5m 0.08% Reduced -213.5k -213,473
100 Twelve Points Wealth Management LLC 7.05% of their portfolio CONCORD, MA 383,913383.9k $35.2m $35.2m 7.05% Reduced -57.2k -57,238