Vault-13

SPDR SER TR TFI

NUVEEN BLMBRG MU · ETP · CUSIP 78468R721

332 institutional holders +10 vs Q4 2025
60,967,56061.0m shares reported held*
$2.8bnreported value*
42 new 109 added 100 reduced 30 sold out net bought ≈ $245.2m (+5.1m 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 ($22.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $45.71.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 316Q4 22: 320Q1 23: 300Q2 23: 311Q3 23: 296Q4 23: 315Q1 24: 297Q2 24: 298Q3 24: 302Q4 24: 324Q1 25: 311Q2 25: 305Q3 25: 300Q4 25: 322Q1 26: 332332Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 2022316
Q4 2022320
Q1 2023300
Q2 2023311
Q3 2023296
Q4 2023315
Q1 2024297
Q2 2024298
Q3 2024302
Q4 2024324
Q1 2025311
Q2 2025305
Q3 2025300
Q4 2025322
Q1 2026332

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 126 bought or addedQ2 24: 140 cut or sold outQ3 24: 125 bought or addedQ3 24: 145 cut or sold outQ3 24Q4 24: 147 bought or addedQ4 24: 134 cut or sold outQ1 25: 125 bought or addedQ1 25: 156 cut or sold outQ1 25Q2 25: 128 bought or addedQ2 25: 168 cut or sold outQ3 25: 138 bought or addedQ3 25: 122 cut or sold outQ3 25Q4 25: 146 bought or addedQ4 25: 122 cut or sold outQ1 26: 151 bought or addedQ1 26: 130 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024126140
Q3 2024125145
Q4 2024147134
Q1 2025125156
Q2 2025128168
Q3 2025138122
Q4 2025146122
Q1 2026151130

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $6.2mQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —
Numbers
QuarterCallsPutsP/C
Q2 2025$0$0—
Q3 2025$6.2m$00.00
Q4 2025$0$0—
Q1 2026$0$0—

Biggest buyers

UBS Group AG Added +2,012,075+2.0m
BANK OF AMERICA CORP /DE/ Added +1,454,324+1.5m
Vestmark Advisory Solutions, Inc. New +944,563+944.6k
Cerity Partners LLC Added +918,637+918.6k
Arax Advisory Partners Added +674,994+675.0k
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Added +313,104+313.1k
ENVESTNET ASSET MANAGEMENT INC Added +292,813+292.8k
WELLS FARGO & COMPANY/MN Added +235,695+235.7k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +232,497+232.5k
STIFEL FINANCIAL CORP Added +215,527+215.5k

Biggest sellers

Betterment LLC Reduced -542,670-542.7k
BANK OF MONTREAL /CAN/ Reduced -394,800-394.8k
PARK AVENUE SECURITIES LLC Sold out -382,973-383.0k
SWS Partners Reduced -308,544-308.5k
ROYAL BANK OF CANADA Reduced -201,704-201.7k
HBK Sorce Advisory LLC Reduced -193,122-193.1k
ACT Advisors, LLC. Reduced -180,824-180.8k
Balentine LLC Reduced -171,272-171.3k
JANE STREET GROUP, LLC Reduced -149,108-149.1k
OpenArc Corporate Advisory, LLC Reduced -125,871-125.9k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Betterment LLC 0.99% of their portfolio NEW YORK, NY 11,563,59511.6m $524.3m $524.3m 0.99% Reduced -542.7k -542,670
2 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 8,536,4148.5m $387.0m $387.0m 0.03% Added +1.5m +1,454,324
3 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.16% of their portfolio MILWAUKEE, WI 5,573,3625.6m $252.7m $252.7m 0.16% Added +232.5k +232,497
4 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,143,5843.1m $142.5m $142.5m 0.01% Added +92.3k +92,333
5 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 2,683,7032.7m $121.7m $121.7m 0.03% Added +292.8k +292,813
6 UBS Group AG 0.02% of their portfolio ZURICH, V8 2,510,0042.5m $113.8m $113.8m 0.02% Added +2.0m +2,012,075
7 Fisher Asset Management, LLC 0.04% of their portfolio PLANO, TX 2,453,6322.5m $111.2m $111.2m 0.04% Reduced -57.9k -57,933
8 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 1,656,6251.7m $75.1m $75.1m 0.03% Reduced -394.8k -394,800
9 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 1,627,0161.6m $73.8m $73.8m 0.02% Added +8.0k +8,047
10 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 1,085,6501.1m $49.2m $49.2m 0.02% Added +114.5k +114,540
11 Arax Advisory Partners 1.30% of their portfolio NEW YORK, NY 1,014,8071.0m $46.0m $46.0m 1.30% Added +675.0k +674,994
12 Vestmark Advisory Solutions, Inc. 0.47% of their portfolio Wakefield, MA 944,563944.6k $42.8m $42.8m 0.47% New
13 Cerity Partners LLC 0.06% of their portfolio NEW YORK, NY 923,926923.9k $41.9m $41.9m 0.06% Added +918.6k +918,637
14 Financial Engines Advisors L.L.C. 0.07% of their portfolio SANTA CLARA, CA 751,415751.4k $34.1m $34.1m 0.07% Added +27.2k +27,175
15 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 748,305748.3k $33.9m $33.9m 0.01% Added +235.7k +235,695
16 IHT Wealth Management, LLC 1.32% of their portfolio Chicago, IL 741,800741.8k $56.1m $56.1m 1.32% Reduced -263 -263
17 ASSETMARK, INC 0.07% of their portfolio CONCORD, CA 703,278703.3k $31.9m $31.9m 0.07% Added +19.4k +19,373
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 632,641632.6k $28.6m $28.6m 0.00% Added +19.6k +19,592
19 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 570,108570.1k $25.8m $25.8m 0.02% Added +215.5k +215,527
20 Wealthcare Advisory Partners LLC 0.43% of their portfolio WEST CHESTER, PA 489,073489.1k $22.2m $22.2m 0.43% Reduced -50.5k -50,540
21 Foster Group, Inc. 0.64% of their portfolio WEST DES MOINES, IA 476,439476.4k $21.6m $21.6m 0.64% Added +5.5k +5,546
22 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 472,267472.3k $21.4m $21.4m 0.00% Added +313.1k +313,104
23 Revolve Wealth Partners, LLC 2.59% of their portfolio Hackensack, NJ 439,995440.0k $19.9m $19.9m 2.59% Reduced -1.9k -1,936
24 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 427,032427.0k $19.4m $19.4m 0.03% Reduced -37.3k -37,253
25 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 419,191419.2k $19.0m $19.0m 0.02% Added +53.1k +53,063
26 One Capital Management, LLC 0.52% of their portfolio WESTLAKE VILLAGE, CA 416,214416.2k $18.9m $18.9m 0.52% Reduced -18.5k -18,474
27 OpenArc Corporate Advisory, LLC 0.23% of their portfolio ATLANTA, GA 355,428355.4k $16.1m $16.1m 0.23% Reduced -125.9k -125,871
28 Allworth Financial LP 0.07% of their portfolio FOLSOM, CA 353,790353.8k $16.0m $16.0m 0.07% Reduced -17.7k -17,743
29 TD PRIVATE CLIENT WEALTH LLC 0.30% of their portfolio NEW YORK, NY 319,649319.6k $14.5m $14.5m 0.30% Added +73.2k +73,192
30 Dynasty Wealth Management, LLC 0.11% of their portfolio ST. PETERSBURG, FL 286,177286.2k $13.0m $13.0m 0.11% Added +84.6k +84,580
31 STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio MADISON, WI 285,800285.8k $13.0m $13.0m 0.03% Unchanged
32 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.18% of their portfolio MINNEAPOLIS, MN 267,577267.6k $12.1m $12.1m 0.18% Reduced -10.7k -10,682
33 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 233,289233.3k $10.6m $10.6m 0.01% Reduced -149.1k -149,108
34 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 223,497223.5k $10.1m $10.1m 0.03% Added +48.2k +48,226
35 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 209,482209.5k $9.5m $9.5m 0.01% Reduced -42.7k -42,705
36 WEALTHCARE CAPITAL MANAGEMENT LLC 0.83% of their portfolio RICHMOND, VA 183,337183.3k $8.3m $8.3m 0.83% Added +1.6k +1,616
37 Avidian Wealth Enterprises, LLC 0.26% of their portfolio Houston, TX 182,178182.2k $8.3m $8.3m 0.26% Reduced -28.3k -28,271
38 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 180,934180.9k $8.2m $8.2m 0.01% Reduced -1.4k -1,426
39 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 177,279177.3k $8.0m $8.0m 0.02% Reduced -57.0k -56,989
40 Keebeck Wealth Management 0.86% of their portfolio Chicago, IL 168,742168.7k $7.7m $7.7m 0.86% Added +93.5k +93,463
41 Crestwood Advisors Group, LLC 0.12% of their portfolio BOSTON, MA 163,072163.1k $7.4m $7.4m 0.12% Reduced -426 -426
42 McAdam, LLC 0.32% of their portfolio Philadelphia, PA 155,926155.9k $7.1m $7.1m 0.32% Added +792 +792
43 JFS WEALTH ADVISORS, LLC 0.39% of their portfolio HERMITAGE, PA 154,341154.3k $7.0m $7.0m 0.39% Reduced -1.0k -1,003
44 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 150,320150.3k $6.8m $6.8m 0.00% Added +460 +460
45 SEEDS INVESTOR LLC 0.93% of their portfolio NEW YORK, NY 149,975150.0k $6.8m $6.8m 0.93% Reduced -16.4k -16,402
46 Mariner, LLC 0.01% of their portfolio Overland Park, KS 149,202149.2k $6.8m $6.8m 0.01% Reduced -63.7k -63,727
47 &PARTNERS 0.03% of their portfolio NASHVILLE, TN 145,693145.7k $6.6m $6.6m 0.03% Added +3.8k +3,801
48 Tenret Co LLC 3.08% of their portfolio TAMPA, FL 140,767140.8k $6.4m $6.4m 3.08% Unchanged
49 TruNorth Capital Management, LLC 1.20% of their portfolio KALAMAZOO, MI 137,583137.6k $6.2m $6.2m 1.20% Added +2.6k +2,570
50 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 137,302137.3k $6.2m $6.2m 0.01% Reduced -14.3k -14,312
51 Waverly Advisors, LLC 0.04% of their portfolio BIRMINGHAM, AL 130,947130.9k $5.9m $5.9m 0.04% Added +98.8k +98,821
52 MATHER GROUP, LLC. 0.05% of their portfolio CHICAGO, IL 121,230121.2k $5.5m $5.5m 0.05% Reduced -5.0k -4,971
53 Wealthspire Advisors, LLC 0.04% of their portfolio NEW YORK, NY 120,770120.8k $5.5m $5.5m 0.04% Added +913 +913
54 Sanctuary Advisors, LLC 0.03% of their portfolio INDIANAPOLIS, IN 117,857117.9k $5.3m $5.3m 0.03% Added +5.6k +5,645
55 Savvy Advisors, Inc. 0.14% of their portfolio NEW YORK, NY 113,974114.0k $5.2m $5.2m 0.14% Added +47.0k +47,048
56 Cullen/Frost Bankers, Inc. 0.06% of their portfolio San Antonio, TX 113,128113.1k $5.1m $5.1m 0.06% Reduced -50.7k -50,732
57 COLLECTIVE FAMILY OFFICE LLC 1.15% of their portfolio YORK, PA 113,121113.1k $5.1m $5.1m 1.15% Added +4.5k +4,493
58 Advisors Preferred, LLC 0.74% of their portfolio ROCKVILLE, MD 110,894110.9k $5.0m $5.0m 0.74% New
59 Fourth Dimension Wealth, LLC 1.85% of their portfolio MIDDLEBURG HEIGHTS, OH 107,845107.8k $4.9m $4.9m 1.85% Added +2.3k +2,348
60 GREAT VALLEY ADVISOR GROUP, INC. 0.08% of their portfolio WILMINGTON, DE 98,47598.5k $4.5m $4.5m 0.08% Added +9.7k +9,748
61 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 98,17698.2k $4.5m $4.5m 0.00% Added +10.8k +10,751
62 Capital Investment Management, Inc. 1.43% of their portfolio LEES SUMMIT, MO 91,56391.6k $4.2m $4.2m 1.43% Added +8.7k +8,740
63 FIFTH THIRD BANCORP 0.01% of their portfolio CINCINNATI, OH 88,59388.6k $4.0m $4.0m 0.01% New
64 ASHTON THOMAS SECURITIES, LLC 0.50% of their portfolio ROCHESTER, NY 87,76687.8k $4.0m $4.0m 0.50% Added +5.0k +5,047
65 Versant Capital Management, Inc 0.39% of their portfolio PHOENIX, AZ 87,14987.1k $4.0m $4.0m 0.39% Added +523 +523
66 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 76,49376.5k $3.5m $3.5m 0.02% Added +12.2k +12,218
67 HHM Wealth Advisors, LLC 0.39% of their portfolio CHATTANOOGA, TN 75,09475.1k $3.4m $3.4m 0.39% Added +3.7k +3,715
68 Beacon Pointe Advisors, LLC 0.02% of their portfolio NEWPORT BEACH, CA 74,55174.6k $3.4m $3.4m 0.02% Reduced -9.6k -9,645
69 Aquire Wealth Advisors, LLC 0.88% of their portfolio Salt Lake City, UT 74,09774.1k $3.4m $3.4m 0.88% Reduced -15.6k -15,616
70 Invst, LLC 0.37% of their portfolio INDIANAPOLIS, IN 72,41672.4k $3.3m $3.3m 0.37% Reduced -23.6k -23,612
71 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 72,38872.4k $3.3m $3.3m 0.01% Reduced -29.5k -29,481
72 Towercrest Capital Management 0.49% of their portfolio NEWTOWN, PA 69,17969.2k $3.1m $3.1m 0.49% Reduced -2.6k -2,591
73 MANNING & NAPIER ADVISORS LLC 0.04% of their portfolio Fairport, NY 69,04869.0k $3.1m $3.1m 0.04% Added +5.3k +5,285
74 INTEGRATED CAPITAL MANAGEMENT, INC. 2.08% of their portfolio JESSUP, PA 68,87168.9k $3.1m $3.1m 2.08% Added +24.9k +24,905
75 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 68,44868.4k $3.1m $3.1m 0.00% Reduced -201.7k -201,704
76 CHOREO, LLC 0.04% of their portfolio ROCKFORD, IL 68,00768.0k $3.1m $3.1m 0.04% New
77 Northeast Financial Group, Inc. 0.82% of their portfolio Allentown, PA 67,84567.8k $3.1m $3.1m 0.82% Reduced -20.0k -20,004
78 CWM, LLC 0.01% of their portfolio OMAHA, NE 65,88965.9k $3.0m $3.0m 0.01% Reduced -8.1k -8,052
79 Evensky & Katz LLC 0.16% of their portfolio CORAL GABLES, FL 62,59162.6k $2.8m $2.8m 0.16% Added +2.1k +2,131
80 HARBOUR INVESTMENTS, INC. 0.04% of their portfolio MADISON, WI 57,82957.8k $2.6m $2.6m 0.04% Added +4.3k +4,268
81 Steele Capital Management, Inc. 0.11% of their portfolio DUBUQUE, IA 57,21757.2k $2.6m $2.6m 0.11% Reduced -1.0k -1,000
82 Alliance Wealth Management Group 0.54% of their portfolio FLEMINGTON, NJ 54,28154.3k $2.5m $2.5m 0.54% Reduced -2.4k -2,394
83 Johnson Financial Group, LLC 0.15% of their portfolio Denver, CO 50,56050.6k $2.3m $2.3m 0.15% Added +3.8k +3,808
84 Cornerstone Wealth Management, LLC 0.11% of their portfolio ST. PETERS, MO 48,23748.2k $2.2m $2.2m 0.11% Unchanged
85 Advisor OS, LLC 0.15% of their portfolio CHICAGO, IL 46,82446.8k $2.1m $2.1m 0.15% Added +4.4k +4,413
86 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 46,72046.7k $2.1m $2.1m 0.02% Added +28.7k +28,741
87 Vise Technologies, Inc. 0.04% of their portfolio NEW YORK, NY 45,39245.4k $2.1m $2.1m 0.04% Unchanged
88 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.01% of their portfolio IRVING, TX 44,40944.4k $2.0m $2.0m 0.01% Added +3.7k +3,700
89 CX Institutional 0.06% of their portfolio AUBURN, IN 44,13244.1k $2.0m $2.0m 0.06% Reduced -43.7k -43,675
90 CFS Investment Advisory Services, LLC 0.14% of their portfolio TOTOWA, NJ 43,43043.4k $2.0m $2.0m 0.14% Reduced -260 -260
91 Advus Financial Partners, LLC 0.49% of their portfolio WINTER PARK, FL 43,28643.3k $2.0m $2.0m 0.49% Added +4.6k +4,577
92 EFG International AG 0.04% of their portfolio Zurich, V8 42,44542.4k $1.9m $1.9m 0.04% Added +29 +29
93 Balentine LLC 0.07% of their portfolio ATLANTA, GA 38,98939.0k $1.8m $1.8m 0.07% Reduced -171.3k -171,272
94 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 37,78237.8k $1.7m $1.7m 0.00% Added +5.6k +5,564
95 WealthShield Partners, LLC 0.18% of their portfolio CARY, NC 36,22236.2k $1.6m $1.6m 0.18% Reduced -28.5k -28,532
96 FORONJY FINANCIAL LLC 0.68% of their portfolio Los Osos, CA 35,94735.9k $1.6m $1.6m 0.68% Reduced -2.1k -2,073
97 EAGLE ROCK INVESTMENT COMPANY, LLC 0.22% of their portfolio ATLANTA, GA 33,95934.0k $1.5m $1.5m 0.22% Reduced -602 -602
98 SWS Partners 0.38% of their portfolio COLUMBUS, OH 33,57633.6k $1.5m $1.5m 0.38% Reduced -308.5k -308,544
99 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 32,80332.8k $1.5m $1.5m 0.01% Added +1.9k +1,895
100 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 32,02132.0k $1.5m $1.5m 0.01% Added +24.6k +24,557