Vault-13

SPDR SER TR SPYX

SPDR S&P 500 ETF · ETP · CUSIP 78468R796

217 institutional holders -5 vs Q4 2024
21,701,59121.7m shares reported held*
$994.4mreported value*
9 new 75 added 75 reduced 13 sold out net bought ≈ $35.7m (+779.4k 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 ≈ $45.82. Options: 0 managers hold calls (— notional), 1 hold puts ($2.5bn).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 167Q4 22: 165Q1 23: 178Q2 23: 175Q3 23: 181Q4 23: 194Q1 24: 200Q2 24: 206Q3 24: 216Q4 24: 222Q1 25: 217217Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022167
Q4 2022165
Q1 2023178
Q2 2023175
Q3 2023181
Q4 2023194
Q1 2024200
Q2 2024206
Q3 2024216
Q4 2024222
Q1 2025217

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 23: 75 bought or addedQ2 23: 67 cut or sold outQ3 23: 68 bought or addedQ3 23: 75 cut or sold outQ3 23Q4 23: 89 bought or addedQ4 23: 62 cut or sold outQ1 24: 75 bought or addedQ1 24: 75 cut or sold outQ1 24Q2 24: 78 bought or addedQ2 24: 78 cut or sold outQ3 24: 84 bought or addedQ3 24: 62 cut or sold outQ3 24Q4 24: 76 bought or addedQ4 24: 87 cut or sold outQ1 25: 84 bought or addedQ1 25: 88 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20237567
Q3 20236875
Q4 20238962
Q1 20247575
Q2 20247878
Q3 20248462
Q4 20247687
Q1 20258488

Calls vs puts

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

CallsPuts
$0$1bn$2bn$3bnQ2 24 calls: $0Q2 24 puts: $0Q2 24P/C —Q3 24 calls: $0Q3 24 puts: $129.1mQ3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $2.5bnQ1 25P/C —
Numbers
QuarterCallsPutsP/C
Q2 2024$0$0—
Q3 2024$0$129.1m—
Q4 2024$0$0—
Q1 2025$0$2.5bn—

Biggest buyers

Windmill Hill Asset Management Ltd Added +686,685+686.7k
PARTNERS CAPITAL INVESTMENT GROUP, LLP Added +239,534+239.5k
BANK OF AMERICA CORP /DE/ Added +123,210+123.2k
Forefront Analytics, LLC Added +79,632+79.6k
IMC-Chicago, LLC New +32,248+32.2k
MORGAN STANLEY Added +18,232+18.2k
Gemmer Asset Management LLC Added +12,332+12.3k
Atria Wealth Solutions, Inc. Added +12,273+12.3k
Bridgewater Advisors Inc. Added +7,700+7.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +7,507+7.5k

Biggest sellers

TWO SIGMA INVESTMENTS, LP Sold out -88,900-88.9k
GOLDMAN SACHS GROUP INC Reduced -72,738-72.7k
Choate Investment Advisors Reduced -53,239-53.2k
JANE STREET GROUP, LLC Sold out -35,390-35.4k
Bank of New York Mellon Corp Reduced -20,745-20.7k
ENVESTNET ASSET MANAGEMENT INC Reduced -17,245-17.2k
TRUIST FINANCIAL CORP Reduced -16,877-16.9k
Fortis Capital Management LLC Reduced -14,681-14.7k
LPL Financial LLC Reduced -12,068-12.1k
JPMORGAN CHASE & CO Reduced -10,912-10.9k

Biggest calls

None

Biggest puts

APPALOOSA LP New $2.5bn4.5m 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Windmill Hill Asset Management Ltd 83.99% of their portfolio WADDESDON, X0 5,932,4255.9m $271.4m $271.4m 83.99% Added +686.7k +686,685
2 Choate Investment Advisors 2.90% of their portfolio BOSTON, MA 2,551,0592.6m $116.7m $116.7m 2.90% Reduced -53.2k -53,239
3 Betterment LLC 0.21% of their portfolio NEW YORK, NY 1,934,0501.9m $88.5m $88.5m 0.21% Added +865 +865
4 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,422,3971.4m $65.1m $65.1m 0.01% Reduced -20.7k -20,745
5 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.65% of their portfolio BOSTON, MA 839,585839.6k $38.4m $38.4m 0.65% Added +239.5k +239,534
6 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 793,417793.4k $36.3m $36.3m 0.00% Added +123.2k +123,210
7 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 479,684479.7k $21.9m $21.9m 0.01% Reduced -1.6k -1,589
8 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 472,673472.7k $21.6m $21.6m 0.01% Reduced -12.1k -12,068
9 Rathbones Group PLC 0.09% of their portfolio Liverpool, X0 419,083419.1k $19.2m $19.2m 0.09% Unchanged
10 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 403,761403.8k $18.5m $18.5m 0.00% Added +18.2k +18,232
11 Gemmer Asset Management LLC 1.83% of their portfolio WALNUT CREEK, CA 400,407400.4k $18.3m $18.3m 1.83% Added +12.3k +12,332
12 Sensible Financial Planning & Management, LLC. 3.53% of their portfolio WALTHAM, MA 386,855386.9k $17.7m $17.7m 3.53% Added +5.1k +5,148
13 Pathstone Holdings, LLC 0.07% of their portfolio ENGLEWOOD, NJ 336,191336.2k $15.4m $15.4m 0.07% Added +922 +922
14 SPINNAKER TRUST 0.90% of their portfolio PORTLAND, ME 301,245301.2k $13.8m $13.8m 0.90% Added +3.6k +3,609
15 Allianz SE 0.33% of their portfolio Munich, 2M 273,508273.5k $12.5m $12.5m 0.33% Unchanged
16 Rockefeller Capital Management L.P. 0.03% of their portfolio NEW YORK, NY 254,853254.9k $11.7m $11.7m 0.03% Added +18 +18
17 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 210,298210.3k $9.6m $9.6m 0.00% Reduced -8.4k -8,396
18 Forefront Analytics, LLC 10.73% of their portfolio WEST CONSHOHOCKEN, PA 203,859203.9k $9.3m $9.3m 10.73% Added +79.6k +79,632
19 RETIREMENT INCOME SOLUTIONS, INC 1.83% of their portfolio ANN ARBOR, MI 191,130191.1k $8.7m $8.7m 1.83% Reduced -6.4k -6,432
20 GOULD ASSET MANAGEMENT LLC /CA/ 1.67% of their portfolio CLAREMONT, CA 177,104177.1k $8.1m $8.1m 1.67% Reduced -265 -265
21 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 171,528171.5k $7.9m $7.9m 0.00% Reduced -5.3k -5,316
22 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 134,891134.9k $6.2m $6.2m 0.01% Reduced -1.7k -1,741
23 Institute for Wealth Management, LLC. 0.79% of their portfolio DENVER, CO 134,556134.6k $6.2m $6.2m 0.79% Reduced -3.6k -3,619
24 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 132,421132.4k $6.1m $6.1m 0.01% Reduced -5.0k -4,997
25 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 128,004128.0k $5.9m $5.9m 0.02% Reduced -10.3k -10,273
26 FOSTER DYKEMA CABOT & PARTNERS, LLC 0.42% of their portfolio WALTHAM, MA 115,199115.2k $5.3m $5.3m 0.42% Reduced -170 -170
27 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 112,747112.7k $5.2m $5.2m 0.01% Reduced -2.1k -2,085
28 UBS Group AG 0.00% of their portfolio ZURICH, V8 100,568100.6k $4.6m $4.6m 0.00% Reduced -1.8k -1,843
29 Mariner, LLC 0.01% of their portfolio Overland Park, KS 91,40391.4k $4.2m $4.2m 0.01% Reduced -2.7k -2,695
30 HARBOUR INVESTMENTS, INC. 0.12% of their portfolio MADISON, WI 90,52990.5k $4.1m $4.1m 0.12% Added +5.7k +5,668
31 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 73,02873.0k $3.3m $3.3m 0.00% Added +5.4k +5,427
32 FLPUTNAM INVESTMENT MANAGEMENT CO 0.06% of their portfolio PORTLAND, ME 72,81972.8k $3.3m $3.3m 0.06% Reduced -4.5k -4,510
33 Stonehearth Capital Management, LLC 1.32% of their portfolio DANVERS, MA 69,63469.6k $3.2m $3.2m 1.32% Reduced -5.0k -4,987
34 Milestone Investment Advisors LLC 0.87% of their portfolio MIDDLETON, WI 68,36568.4k $3.1m $3.1m 0.87% Reduced -1.7k -1,678
35 JFG Wealth Management, LLC 0.61% of their portfolio Denver, CO 58,23758.2k $2.7m $2.7m 0.61% Reduced -679 -679
36 Fortis Capital Management LLC 0.51% of their portfolio BELLEVUE, WA 57,34657.3k $2.6m $2.6m 0.51% Reduced -14.7k -14,681
37 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 55,83355.8k $2.6m $2.6m 0.00% Reduced -481 -481
38 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 50,05650.1k $2.3m $2.3m 0.00% Reduced -990 -990
39 PFG Advisors 0.13% of their portfolio Phoenix, AZ 49,03349.0k $2.2m $2.2m 0.13% Reduced -3.5k -3,501
40 Modera Wealth Management, LLC 0.03% of their portfolio WESTWOOD, NJ 48,35648.4k $2.2m $2.2m 0.03% Unchanged
41 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 46,82546.8k $2.1m $2.1m 0.01% Unchanged
42 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 40,67640.7k $1.9m $1.9m 0.00% Reduced -17.2k -17,245
43 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 39,89139.9k $1.8m $1.8m 0.00% Reduced -1.2k -1,183
44 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 39,30439.3k $1.8m $1.8m 0.00% Added +5.3k +5,295
45 Oxler Private Wealth LLC 0.59% of their portfolio Rye Brook, NY 36,90936.9k $1.7m $1.7m 0.59% Reduced -1.3k -1,254
46 MARINO, STRAM & ASSOCIATES LLC 0.37% of their portfolio BRAINTREE, MA 36,09836.1k $1.7m $1.7m 0.37% Added +3.0k +2,968
47 OneDigital Investment Advisors LLC 0.02% of their portfolio OVERLAND PARK, KS 33,07233.1k $1.5m $1.5m 0.02% Reduced -1.2k -1,158
48 BAILARD, INC. 0.04% of their portfolio Foster City, CA 32,36032.4k $1.5m $1.5m 0.04% Added +2.9k +2,944
49 IMC-Chicago, LLC 0.06% of their portfolio CHICAGO, IL 32,24832.2k $1.5m $1.5m 0.06% New
50 Boyd Wealth Management, LLC 0.71% of their portfolio SACRAMENTO, CA 31,22431.2k $1.4m $1.4m 0.71% Reduced -7.1k -7,080
51 CITIZENS FINANCIAL GROUP INC/RI 0.03% of their portfolio PROVIDENCE, RI 31,20031.2k $1.4m $1.4m 0.03% Unchanged
52 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 30,69630.7k $1.4m $1.4m 0.00% Added +1.4k +1,450
53 Bridgewater Advisors Inc. 0.12% of their portfolio NEW YORK, NY 29,95430.0k $1.4m $1.4m 0.12% Added +7.7k +7,700
54 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 29,16029.2k $1.3m $1.3m 0.00% Reduced -72.7k -72,738
55 FMR LLC 0.00% of their portfolio BOSTON, MA 28,10328.1k $1.3m $1.3m 0.00% Added +1.5k +1,496
56 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.01% of their portfolio IRVING, TX 27,79127.8k $1.3m $1.3m 0.01% Reduced -307 -307
57 Clear Harbor Asset Management, LLC 0.10% of their portfolio Stamford, CT 27,64527.6k $1.3m $1.3m 0.10% Unchanged
58 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 27,28827.3k $1.2m $1.2m 0.00% Reduced -91 -91
59 BRADLEY FOSTER & SARGENT INC/CT 0.02% of their portfolio HARTFORD, CT 26,67726.7k $1.2m $1.2m 0.02% Reduced -22 -22
60 Hanson & Doremus Investment Management 0.18% of their portfolio BURLINGTON, VT 26,51126.5k $1.2m $1.2m 0.18% Reduced -1.0k -1,033
61 PFG Investments, LLC 0.08% of their portfolio WOODBURY, NY 26,20026.2k $1.2m $1.2m 0.08% Added +179 +179
62 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 26,06526.1k $1.2m $1.2m 0.00% Reduced -16.9k -16,877
63 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 25,23925.2k $1.2m $1.2m 0.00% Reduced -1.3k -1,289
64 Essex Financial Services, Inc. 0.08% of their portfolio ESSEX, CT 24,54624.5k $1.1m $1.1m 0.08% Added +1.3k +1,271
65 Wealthfront Advisers LLC 0.00% of their portfolio Palo Alto, CA 24,30624.3k $1.1m $1.1m 0.00% Reduced -3.6k -3,633
66 CAPITAL CITY TRUST CO/FL 0.30% of their portfolio TALLAHASSEE, FL 24,30124.3k $1.1m $1.1m 0.30% Unchanged
67 AlTi Global, Inc. 0.03% of their portfolio NEW YORK, NY 23,95624.0k $1.1m $1.1m 0.03% Unchanged
68 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 23,68923.7k $1.1m $1.1m 0.00% Reduced -10.9k -10,912
69 eCIO, Inc. 0.36% of their portfolio MADISON, WI 23,29623.3k $1.1m $1.1m 0.36% First filing
70 Alesco Advisors, LLC, An ESL Co 0.03% of their portfolio Pittsford, NY 23,05023.1k $1.1m $1.1m 0.03% Reduced -550 -550
71 SENTINEL TRUST CO LBA 0.12% of their portfolio HOUSTON, TX 22,38022.4k $1.0m $1.0m 0.12% Reduced -399 -399
72 FIRST NATIONAL CORP /MA/ /ADV 0.22% of their portfolio ROCKLAND, MA 22,20622.2k $1.0m $1.0m 0.22% Added +380 +380
73 Bell Investment Advisors, Inc 0.18% of their portfolio ORINDA, CA 21,01421.0k $961.4k $961.4k 0.18% Added +1.1k +1,110
74 Atria Wealth Solutions, Inc. 0.01% of their portfolio NEW YORK, NY 20,54920.5k $940.1k $940.1k 0.01% Added +12.3k +12,273
75 WESCAP Management Group, Inc. 0.23% of their portfolio Glendale, CA 20,33620.3k $930.4k $930.4k 0.23% Reduced -996 -996
76 Bragg Financial Advisors, Inc 0.04% of their portfolio CHARLOTTE, NC 20,22920.2k $925.5k $925.5k 0.04% Added +626 +626
77 Affinity Capital Advisors, LLC 0.17% of their portfolio BERKELEY, CA 20,03420.0k $878.7k $878.7k 0.17% Reduced -29 -29
78 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 18,48118.5k $845.5k $845.5k 0.00% Unchanged
79 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 18,31718.3k $838.0k $838.0k 0.00% Added +809 +809
80 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 17,54417.5k $802.6k $802.6k 0.00% Added +1.1k +1,104
81 Focus Financial Network, Inc. 0.03% of their portfolio MINNEAPOLIS, MN 16,88116.9k $772.3k $772.3k 0.03% Reduced -4 -4
82 COMMERCE BANK 0.00% of their portfolio KANSAS CITY, MO 16,73516.7k $765.6k $765.6k 0.00% Added +1.8k +1,790
83 EP Wealth Advisors, LLC 0.01% of their portfolio TORRANCE, CA 16,73116.7k $765.5k $765.5k 0.01% Added +8 +8
84 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 16,40816.4k $746.9k $746.9k 0.00% Added +4.0k +3,962
85 West Coast Financial LLC 0.08% of their portfolio SANTA BARBARA, CA 16,15116.2k $738.9k $738.9k 0.08% Unchanged
86 Farrow Financial, Inc. 0.50% of their portfolio SOUTH BURLINGTON, VT 16,10016.1k $736.6k $736.6k 0.50% Unchanged
87 Operose Advisors LLC 0.24% of their portfolio MILWAUKEE, WI 15,88015.9k $726.5k $726.5k 0.24% Reduced -2.7k -2,680
88 EVERGREEN CAPITAL MANAGEMENT LLC 0.02% of their portfolio Bellevue, WA 15,60315.6k $713.8k $713.8k 0.02% Reduced -49 -49
89 Trevian Wealth Management LLC 0.51% of their portfolio WESTON, MA 15,58915.6k $713.0k $713.0k 0.51% Added +81 +81
90 Ameritas Investment Partners, Inc. 0.02% of their portfolio LINCOLN, NE 15,12415.1k $691.9k $691.9k 0.02% Reduced -198 -198
91 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 14,94214.9k $780.0k $780.0k 0.00% Added +776 +776
92 Bleakley Financial Group, LLC 0.02% of their portfolio PARSIPPANY, NJ 14,38714.4k $658.2k $658.2k 0.02% Added +5.8k +5,807
93 Western Wealth Management, LLC 0.04% of their portfolio GOLDEN, CO 14,15014.2k $647.4k $647.4k 0.04% Added +937 +937
94 Values Added Financial LLC 0.34% of their portfolio WASHINGTON, DC 13,37713.4k $612.0k $612.0k 0.34% Added +2.5k +2,499
95 Ally Invest Advisors Inc. 0.05% of their portfolio CHARLOTTE, NC 13,36613.4k $611.5k $611.5k 0.05% Added +2.5k +2,476
96 MATRIX ASSET ADVISORS INC/NY 0.07% of their portfolio White Plains, NY 13,34813.3k $610.7k $610.7k 0.07% Reduced -706 -706
97 IMA Advisory Services, Inc. 0.07% of their portfolio DENVER, CO 13,27313.3k $607.2k $607.2k 0.07% Added +35 +35
98 AXXCESS WEALTH MANAGEMENT, LLC 0.02% of their portfolio CARLSBAD, CA 13,06413.1k $597.7k $597.7k 0.02% Added +1.6k +1,564
99 Enclave Advisors LLC 0.10% of their portfolio AUSTIN, TX 13,00113.0k $594.8k $594.8k 0.10% Reduced -1.7k -1,722
100 MONETA GROUP INVESTMENT ADVISORS LLC 0.01% of their portfolio ST LOUIS, MO 12,66412.7k $579.4k $579.4k 0.01% Added +7 +7