Vault-13

SPDR SER TR SHE

SPDR MSCI USA GE · ETP · CUSIP 78468R747

127 institutional holders +10 vs Q3 2025
897,942897.9k shares reported held*
$118.6mreported value*
15 new 37 added 37 reduced 7 sold out net sold ≈ $7.4m (-55.8k 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. Holder counts are more reliable. Implied quarter-end price ≈ $132.11.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 86Q4 22: 95Q1 23: 92Q2 23: 87Q3 23: 94Q4 23: 97Q1 24: 99Q2 24: 105Q3 24: 103Q4 24: 109Q1 25: 110Q2 25: 114Q3 25: 117Q4 25: 127127Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202286
Q4 202295
Q1 202392
Q2 202387
Q3 202394
Q4 202397
Q1 202499
Q2 2024105
Q3 2024103
Q4 2024109
Q1 2025110
Q2 2025114
Q3 2025117
Q4 2025127

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 38 bought or addedQ1 24: 31 cut or sold outQ2 24: 42 bought or addedQ2 24: 29 cut or sold outQ2 24Q3 24: 39 bought or addedQ3 24: 31 cut or sold outQ4 24: 33 bought or addedQ4 24: 40 cut or sold outQ4 24Q1 25: 48 bought or addedQ1 25: 29 cut or sold outQ2 25: 46 bought or addedQ2 25: 38 cut or sold outQ2 25Q3 25: 61 bought or addedQ3 25: 34 cut or sold outQ4 25: 52 bought or addedQ4 25: 44 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20243831
Q2 20244229
Q3 20243931
Q4 20243340
Q1 20254829
Q2 20254638
Q3 20256134
Q4 20255244

Biggest buyers

Geneos Wealth Management Inc. Added +32,955+33.0k
National Philanthropic Trust Added +4,393+4.4k
Dynamic Advisor Solutions LLC New +3,395+3.4k
LPL Financial LLC Added +2,383+2.4k
TRUIST FINANCIAL CORP New +2,014+2.0k
Thrivent Financial for Lutherans New +1,812+1.8k
White Lighthouse Investment Management Inc. New +1,658+1.7k
SILVERLAKE WEALTH MANAGEMENT LLC New +1,608+1.6k
MENORA MIVTACHIM HOLDINGS LTD. New +1,554+1.6k
Monument Group Wealth Advisors, LLC New +1,550+1.6k

Biggest sellers

Rock Creek Group LLC Reduced -39,879-39.9k
JPMORGAN CHASE & CO Reduced -37,979-38.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -21,856-21.9k
BANK OF AMERICA CORP /DE/ Reduced -4,207-4.2k
Focus Partners Advisor Solutions, LLC Reduced -2,599-2.6k
PFG Investments, LLC Sold out -2,376-2.4k
ALBION FINANCIAL GROUP /UT Reduced -1,312-1.3k
Integrated Wealth Concepts LLC Reduced -1,180-1.2k
MORGAN STANLEY Reduced -1,056-1.1k
Bank of New York Mellon Corp Reduced -999-999

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Rock Creek Group LLC 2.07% of their portfolio Washington, DC 139,960140.0k $18.5m $18.5m 2.07% Reduced -39.9k -39,879
2 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 121,362121.4k $16.0m $16.0m 0.00% Added +2.4k +2,383
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 95,81495.8k $12.7m $12.7m 0.00% Reduced -1.1k -1,056
4 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 47,14047.1k $6.2m $6.2m 0.00% Reduced -4.2k -4,207
5 ALBION FINANCIAL GROUP /UT 0.37% of their portfolio SALT LAKE CITY, UT 45,07245.1k $6.0m $6.0m 0.37% Reduced -1.3k -1,312
6 Betterment LLC 0.01% of their portfolio NEW YORK, NY 37,94437.9k $5.0m $5.0m 0.01% Added +278 +278
7 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 37,53137.5k $5.0m $5.0m 0.00% Reduced -38.0k -37,979
8 Geneos Wealth Management Inc. 0.11% of their portfolio ENGLEWOOD, CO 33,08133.1k $4.4m $4.4m 0.11% Added +33.0k +32,955
9 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 28,97229.0k $3.8m $3.8m 0.00% Reduced -813 -813
10 National Philanthropic Trust 0.03% of their portfolio Jenkintown, PA 24,34024.3k $3.2m $3.2m 0.03% Added +4.4k +4,393
11 UBS Group AG 0.00% of their portfolio ZURICH, V8 21,41821.4k $2.8m $2.8m 0.00% Reduced -409 -409
12 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 11,98512.0k $1.6m $1.6m 0.00% Added +47 +47
13 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11,86611.9k $1.6m $1.6m 0.00% Added +156 +156
14 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 11,66711.7k $1.5m $1.5m 0.00% Reduced -491 -491
15 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 10,86110.9k $1.4m $1.4m 0.00% Reduced -349 -349
16 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 10,24710.2k $1.4m $1.4m 0.00% Added +186 +186
17 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 9,8989.9k $1.3m $1.3m 0.00% Added +384 +384
18 Gradient Investments LLC 0.01% of their portfolio ARDEN HILLS, MN 6,7076.7k $885.8k $885.8k 0.01% Added +419 +419
19 Bell Investment Advisors, Inc 0.13% of their portfolio ORINDA, CA 6,4596.5k $853.1k $853.1k 0.13% Added +18 +18
20 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 6,2046.2k $819.4k $819.4k 0.00% Reduced -142 -142
21 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 6,2036.2k $819.2k $819.2k 0.00% Added +1.1k +1,095
22 Wealthfront Advisers LLC 0.00% of their portfolio Palo Alto, CA 6,1606.2k $813.6k $813.6k 0.00% Reduced -68 -68
23 Wilmington Savings Fund Society, FSB 0.02% of their portfolio WILMINGTON, DE 6,0586.1k $800.1k $800.1k 0.02% Reduced -30 -30
24 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 5,8425.8k $771.6k $771.6k 0.00% Reduced -86 -86
25 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 5,5085.5k $745.4k $745.4k 0.00% Reduced -16 -16
26 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 5,1425.1k $683.0k $683.0k 0.00% Added +1.5k +1,483
27 Laurel Wealth Planning LLC 0.34% of their portfolio EDINA, MN 4,7114.7k $622.2k $622.2k 0.34% Unchanged
28 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 4,6314.6k $611.6k $611.6k 0.00% Reduced -14 -14
29 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 4,5404.5k $599.7k $599.7k 0.00% Added +421 +421
30 South Shore Capital Advisors 0.38% of their portfolio COHASSET, MA 3,9353.9k $519.7k $519.7k 0.38% First filing
31 Fingerlakes Wealth Management, Inc. 0.33% of their portfolio ITHACA, NY 3,8943.9k $514.3k $514.3k 0.33% Added +13 +13
32 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 3,8633.9k $510.2k $510.2k 0.00% Unchanged
33 Mountain Capital Investment Advisors Inc. 0.08% of their portfolio WESTMINSTER, CO 3,6673.7k $498.7k $498.7k 0.08% Added +42 +42
34 SEEDS INVESTOR LLC 0.09% of their portfolio NEW YORK, NY 3,6163.6k $477.6k $477.6k 0.09% Added +454 +454
35 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 3,5403.5k $467.5k $467.5k 0.00% Added +2 +2
36 Dynamic Advisor Solutions LLC 0.01% of their portfolio PHOENIX, AZ 3,3953.4k $448.4k $448.4k 0.01% New
37 CWC Advisors, LLC. 0.21% of their portfolio LAKE OSWEGO, OR 3,2583.3k $430.3k $430.3k 0.21% Unchanged
38 Focus Partners Advisor Solutions, LLC 0.01% of their portfolio SAINT LOUIS, MO 3,2443.2k $428.4k $428.4k 0.01% Reduced -2.6k -2,599
39 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 3,2233.2k $425.6k $425.6k 0.00% Added +1.4k +1,384
40 Winter & Associates, Inc. 0.39% of their portfolio ST. PAUL, MN 3,2083.2k $423.7k $423.7k 0.39% First filing
41 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 3,0643.1k $404.6k $404.6k 0.00% Reduced -1.2k -1,180
42 Mariner, LLC 0.00% of their portfolio Overland Park, KS 3,0073.0k $397.1k $397.1k 0.00% Added +4 +4
43 SIMON QUICK ADVISORS, LLC 0.02% of their portfolio MORRISTOWN, NJ 3,0003.0k $396.2k $396.2k 0.02% Unchanged
44 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 2,9673.0k $391.9k $391.9k 0.00% Reduced -21.9k -21,856
45 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 2,8182.8k $372.1k $372.1k 0.00% Reduced -999 -999
46 CERTUITY, LLC 0.02% of their portfolio NORTH PALM BEACH, FL 2,8162.8k $372.0k $372.0k 0.02% Reduced -624 -624
47 Aprio Wealth Management, LLC 0.02% of their portfolio ATLANTA, GA 2,8092.8k $371.0k $371.0k 0.02% Added +9 +9
48 MITCHELL SINKLER & STARR/PA 0.16% of their portfolio PHILADELPHIA, PA 2,6252.6k $346.7k $346.7k 0.16% Unchanged
49 FMR LLC 0.00% of their portfolio BOSTON, MA 2,5852.6k $341.4k $341.4k 0.00% Reduced -13 -13
50 JOHNSON INVESTMENT COUNSEL INC 0.00% of their portfolio Cincinnati, OH 2,5002.5k $330.2k $330.2k 0.00% Unchanged
51 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 2,4572.5k $324.5k $324.5k 0.00% Added +3 +3
52 PITTENGER & ANDERSON INC 0.01% of their portfolio LINCOLN, NE 2,4302.4k $320.9k $320.9k 0.01% Reduced -5 -5
53 Valmark Advisers, Inc. 0.00% of their portfolio AKRON, OH 2,3322.3k $308.0k $308.0k 0.00% Reduced -20 -20
54 KilterHowling LLC 0.14% of their portfolio BOULDER, CO 2,1062.1k $278.1k $278.1k 0.14% Reduced -66 -66
55 TRAPHAGEN INVESTMENT ADVISORS LLC 0.02% of their portfolio ORADELL, NJ 2,1012.1k $277.5k $277.5k 0.02% Added +4 +4
56 Clifford Group, LLC 0.21% of their portfolio WAYLAND, MA 2,0212.0k $266.9k $266.9k 0.21% Added +36 +36
57 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 2,0142.0k $266.0k $266.0k 0.00% New
58 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 1,9982.0k $263.9k $263.9k 0.00% Reduced -10 -10
59 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 1,8961.9k $250.4k $250.4k 0.00% Added +1 +1
60 ABOUND FINANCIAL, LLC 0.10% of their portfolio GRANITE BAY, CA 1,8881.9k $249.3k $249.3k 0.10% Reduced -80 -80
61 Grove Bank & Trust 0.03% of their portfolio Miami, FL 1,8861.9k $249.1k $249.1k 0.03% Unchanged
62 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 1,8121.8k $239.0k $239.0k 0.00% New
63 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 1,7771.8k $234.7k $234.7k 0.00% Reduced -506 -506
64 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 1,7421.7k $230.1k $230.1k 0.00% Reduced -99 -99
65 Sowell Financial Services LLC 0.01% of their portfolio NORTH LITTLE ROCK, AR 1,7171.7k $226.7k $226.7k 0.01% Reduced -514 -514
66 White Lighthouse Investment Management Inc. 0.03% of their portfolio BEDFORD, MA 1,6581.7k $218.9k $218.9k 0.03% New
67 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 1,6281.6k $215.0k $215.0k 0.00% Reduced -70 -70
68 SILVERLAKE WEALTH MANAGEMENT LLC 0.05% of their portfolio WILLISTON, VT 1,6081.6k $212.4k $212.4k 0.05% New
69 Baker Avenue Asset Management, LP 0.00% of their portfolio SAN FRANCISCO, CA 1,5781.6k $208.4k $208.4k 0.00% Unchanged
70 Sincerus Advisory, LLC 0.17% of their portfolio NEW YORK, NY 1,5741.6k $207.9k $207.9k 0.17% Added +3 +3
71 HOWE & RUSLING INC 0.01% of their portfolio ROCHESTER, NY 1,5621.6k $206.3k $206.3k 0.01% Unchanged
72 MENORA MIVTACHIM HOLDINGS LTD. 0.00% of their portfolio Ramat Gan, L3 1,5541.6k $205.2k $205.2k 0.00% New
73 Monument Group Wealth Advisors, LLC 0.11% of their portfolio CONCORD, MA 1,5501.6k $204.7k $204.7k 0.11% New
74 CENTAURUS FINANCIAL, INC. 0.01% of their portfolio ANAHEIM, CA 1,5081.5k $199.0k $199.0k 0.01% Added +644 +644
75 PRIVATE TRUST CO NA 0.01% of their portfolio CLEVELAND, OH 1,1461.1k $151.4k $151.4k 0.01% Unchanged
76 MJT & Associates Financial Advisory Group, Inc. 0.11% of their portfolio MONTEVIDEO, MN 1,1111.1k $146.7k $146.7k 0.11% Unchanged
77 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,0451.0k $138.1k $138.1k 0.00% Added +2 +2
78 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,0141.0k $134.0k $134.0k 0.00% Reduced -33 -33
79 Vermillion Wealth Management, Inc. 0.05% of their portfolio ROSEMOUNT, MN 980980 $129.4k $129.4k 0.05% Added +2 +2
80 FLAGSHIP HARBOR ADVISORS, LLC 0.01% of their portfolio BOSTON, MA 923923 $122.0k $122.0k 0.01% New
81 Strategic Wealth Partners, Ltd. 0.01% of their portfolio INDEPENDENCE, OH 901901 $119.0k $119.0k 0.01% New
82 Rossby Financial, LCC 0.03% of their portfolio MELBOURNE, FL 775775 $102.4k $102.4k 0.03% Reduced -2 -2
83 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 772772 $102.0k $102.0k 0.00% Added +100 +100
84 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 724724 $95.6k $95.6k 0.00% Unchanged
85 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 700700 $92.5k $92.5k 0.00% Unchanged
86 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 686686 $90.7k $90.7k 0.00% Added +2 +2
87 COMERICA BANK 0.00% of their portfolio DALLAS, TX 614614 $81.0k $81.0k 0.00% Added +3 +3
88 Root Financial Partners, LLC 0.00% of their portfolio ENCINITAS, CA 587587 $77.5k $77.5k 0.00% Reduced -79 -79
89 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio CINCINNATI, OH 570570 $75.3k $75.3k 0.00% Unchanged
90 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 555555 $73.2k $73.2k 0.00% Added +2 +2
91 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 532532 $70.3k $70.3k 0.00% Reduced -3 -3
92 Evelyn Partners Asset Management Ltd 0.02% of their portfolio London, X0 531531 $70.1k $70.1k 0.02% Unchanged
93 Princeton Global Asset Management LLC 0.01% of their portfolio PRINCETON, NJ 527527 $69.5k $69.5k 0.01% Added +2 +2
94 Godfrey Financial Associates, Inc. 0.06% of their portfolio GLENMONT, NY 503503 $66.5k $66.5k 0.06% First filing
95 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 437437 $57.7k $57.7k 0.00% Unchanged
96 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 434434 $57.3k $57.3k 0.00% Reduced -9 -9
97 AlphaCore Capital LLC 0.00% of their portfolio LA JOLLA, CA 400400 $52.8k $52.8k 0.00% New
98 Optiver Holding B.V. 0.00% of their portfolio AMSTERDAM, P7 335335 $44.2k $44.2k 0.00% Added +166 +166
99 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 282282 $37.2k $37.2k 0.00% Unchanged
100 SHP Wealth Management 0.00% of their portfolio PLYMOUTH, MA 231231 $30.5k $30.5k 0.00% First filing