Vault-13

SPDR SER TR SPYX

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

238 institutional holders +21 vs Q1 2025
21,258,37021.3m shares reported held*
$1.1bnreported value*
28 new 74 added 71 reduced 12 sold out net sold ≈ $25.2m (-494.5k 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 ≈ $51.02.

Trends to Q2 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: 217Q2 25: 238238Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 2025238

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 68 bought or addedQ3 23: 75 cut or sold outQ4 23: 89 bought or addedQ4 23: 62 cut or sold outQ4 23Q1 24: 75 bought or addedQ1 24: 75 cut or sold outQ2 24: 78 bought or addedQ2 24: 78 cut or sold outQ2 24Q3 24: 84 bought or addedQ3 24: 62 cut or sold outQ4 24: 76 bought or addedQ4 24: 87 cut or sold outQ4 24Q1 25: 84 bought or addedQ1 25: 88 cut or sold outQ2 25: 102 bought or addedQ2 25: 83 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20236875
Q4 20238962
Q1 20247575
Q2 20247878
Q3 20248462
Q4 20247687
Q1 20258488
Q2 202510283

Calls vs puts

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

CallsPuts
$0$1bn$2bn$3bnQ3 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 —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —
Numbers
QuarterCallsPutsP/C
Q3 2024$0$129.1m—
Q4 2024$0$0—
Q1 2025$0$2.5bn—
Q2 2025$0$0—

Biggest buyers

ROYAL BANK OF CANADA Added +227,548+227.5k
CRUX WEALTH ADVISORS New +85,108+85.1k
Rockefeller Capital Management L.P. Added +61,411+61.4k
BANK OF AMERICA CORP /DE/ Added +52,743+52.7k
Cerity Partners LLC Added +34,291+34.3k
Tidal Investments LLC New +30,469+30.5k
Arax Advisory Partners New +26,762+26.8k
PNC Financial Services Group, Inc. Added +23,599+23.6k
Creative Planning Added +19,905+19.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +15,058+15.1k

Biggest sellers

PARTNERS CAPITAL INVESTMENT GROUP, LLP Reduced -647,508-647.5k
Forefront Analytics, LLC Sold out -203,859-203.9k
Rathbones Group PLC Reduced -82,471-82.5k
JFG Wealth Management, LLC Reduced -44,003-44.0k
STIFEL FINANCIAL CORP Reduced -42,958-43.0k
Choate Investment Advisors Reduced -34,064-34.1k
Fortis Capital Management LLC Reduced -25,453-25.5k
Atria Wealth Solutions, Inc. Sold out -20,549-20.5k
BAILARD, INC. Reduced -16,744-16.7k
West Coast Financial LLC Sold out -16,151-16.2k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Windmill Hill Asset Management Ltd 83.22% of their portfolio WADDESDON, X0 5,932,4255.9m $302.1m $302.1m 83.22% Unchanged
2 Choate Investment Advisors 2.78% of their portfolio BOSTON, MA 2,516,9952.5m $128.2m $128.2m 2.78% Reduced -34.1k -34,064
3 Betterment LLC 0.21% of their portfolio NEW YORK, NY 1,934,2221.9m $98.5m $98.5m 0.21% Added +172 +172
4 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,426,6571.4m $72.7m $72.7m 0.01% Added +4.3k +4,260
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 846,160846.2k $43.1m $43.1m 0.00% Added +52.7k +52,743
6 PNC Financial Services Group, Inc. 0.02% of their portfolio Pittsburgh, PA 503,283503.3k $25.6m $25.6m 0.02% Added +23.6k +23,599
7 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 464,003464.0k $23.6m $23.6m 0.01% Reduced -8.7k -8,670
8 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 437,846437.8k $22.3m $22.3m 0.00% Added +227.5k +227,548
9 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 413,854413.9k $21.1m $21.1m 0.00% Added +10.1k +10,093
10 Gemmer Asset Management LLC 1.84% of their portfolio WALNUT CREEK, CA 407,142407.1k $20.7m $20.7m 1.84% Added +6.7k +6,735
11 Sensible Financial Planning & Management, LLC. 3.73% of their portfolio WALTHAM, MA 385,557385.6k $19.6m $19.6m 3.73% Reduced -1.3k -1,298
12 Rathbones Group PLC 0.07% of their portfolio Liverpool, X0 336,612336.6k $17.1m $17.1m 0.07% Reduced -82.5k -82,471
13 Pathstone Holdings, LLC 0.07% of their portfolio ENGLEWOOD, NJ 333,841333.8k $17.0m $17.0m 0.07% Reduced -2.4k -2,350
14 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 316,264316.3k $16.1m $16.1m 0.02% Added +61.4k +61,411
15 SPINNAKER TRUST 0.92% of their portfolio PORTLAND, ME 298,944298.9k $15.2m $15.2m 0.92% Reduced -2.3k -2,301
16 Allianz SE 0.33% of their portfolio Munich, 2M 273,508273.5k $13.9m $13.9m 0.33% Unchanged
17 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.39% of their portfolio BOSTON, MA 192,077192.1k $9.8m $9.8m 0.39% Reduced -647.5k -647,508
18 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 185,338185.3k $9.4m $9.4m 0.00% Added +13.8k +13,810
19 RETIREMENT INCOME SOLUTIONS, INC 1.66% of their portfolio ANN ARBOR, MI 178,080178.1k $9.1m $9.1m 1.66% Reduced -13.1k -13,050
20 GOULD ASSET MANAGEMENT LLC /CA/ 1.73% of their portfolio CLAREMONT, CA 173,579173.6k $8.8m $8.8m 1.73% Reduced -3.5k -3,525
21 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 147,038147.0k $7.5m $7.5m 0.01% Added +34.3k +34,291
22 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 143,825143.8k $7.3m $7.3m 0.01% Added +11.4k +11,404
23 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 138,231138.2k $7.0m $7.0m 0.01% Added +3.3k +3,340
24 Institute for Wealth Management, LLC. 0.75% of their portfolio DENVER, CO 131,654131.7k $6.7m $6.7m 0.75% Reduced -2.9k -2,902
25 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 125,644125.6k $6.4m $6.4m 0.02% Reduced -2.4k -2,360
26 FOSTER DYKEMA CABOT & PARTNERS, LLC 0.41% of their portfolio WALTHAM, MA 114,546114.5k $5.8m $5.8m 0.41% Reduced -653 -653
27 UBS Group AG 0.00% of their portfolio ZURICH, V8 98,15298.2k $5.0m $5.0m 0.00% Reduced -2.4k -2,416
28 HARBOUR INVESTMENTS, INC. 0.12% of their portfolio MADISON, WI 91,07291.1k $4.6m $4.6m 0.12% Added +543 +543
29 Mariner, LLC 0.01% of their portfolio Overland Park, KS 89,22889.2k $4.5m $4.5m 0.01% Reduced -2.2k -2,175
30 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 85,54685.5k $4.4m $4.4m 0.00% Added +12.5k +12,518
31 CRUX WEALTH ADVISORS 1.85% of their portfolio LONG BEACH, CA 85,10885.1k $4.3m $4.3m 1.85% New
32 FLPUTNAM INVESTMENT MANAGEMENT CO 0.07% of their portfolio PORTLAND, ME 74,75774.8k $3.8m $3.8m 0.07% Added +1.9k +1,938
33 Stonehearth Capital Management, LLC 1.53% of their portfolio DANVERS, MA 72,47272.5k $3.7m $3.7m 1.53% Added +2.8k +2,838
34 Milestone Investment Advisors LLC 0.85% of their portfolio MIDDLETON, WI 64,04864.0k $3.3m $3.3m 0.85% Reduced -4.3k -4,317
35 Modera Wealth Management, LLC 0.03% of their portfolio WESTWOOD, NJ 48,73248.7k $2.5m $2.5m 0.03% Added +376 +376
36 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 47,62547.6k $2.4m $2.4m 0.01% Added +800 +800
37 PFG Advisors 0.11% of their portfolio Phoenix, AZ 47,07547.1k $2.4m $2.4m 0.11% Reduced -2.0k -1,958
38 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 45,14445.1k $2.3m $2.3m 0.00% Added +19.9k +19,905
39 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 44,20844.2k $2.3m $2.3m 0.00% Reduced -5.8k -5,848
40 MARINO, STRAM & ASSOCIATES LLC 0.44% of their portfolio BRAINTREE, MA 42,33542.3k $2.2m $2.2m 0.44% Added +6.2k +6,237
41 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 39,26739.3k $2.0m $2.0m 0.00% Reduced -624 -624
42 Boyd Wealth Management, LLC 0.82% of their portfolio SACRAMENTO, CA 37,36537.4k $1.9m $1.9m 0.82% Added +6.1k +6,141
43 Oxler Private Wealth LLC 0.59% of their portfolio Rye Brook, NY 36,98137.0k $1.9m $1.9m 0.59% Added +72 +72
44 MASECO LLP 0.07% of their portfolio LONDON, X0 36,67236.7k $1.9m $1.9m 0.07% First filing
45 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 32,87832.9k $1.7m $1.7m 0.00% Added +2.2k +2,182
46 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 32,57832.6k $1.7m $1.7m 0.00% Reduced -8.1k -8,098
47 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 32,51332.5k $1.7m $1.7m 0.00% Reduced -6.8k -6,791
48 Fortis Capital Management LLC 0.25% of their portfolio BELLEVUE, WA 31,89331.9k $1.6m $1.6m 0.25% Reduced -25.5k -25,453
49 OneDigital Investment Advisors LLC 0.02% of their portfolio OVERLAND PARK, KS 31,42231.4k $1.6m $1.6m 0.02% Reduced -1.6k -1,650
50 CITIZENS FINANCIAL GROUP INC/RI 0.03% of their portfolio PROVIDENCE, RI 31,20031.2k $1.6m $1.6m 0.03% Unchanged
51 Tidal Investments LLC 0.01% of their portfolio Milwaukee, WI 30,46930.5k $1.6m $1.6m 0.01% New
52 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 29,75329.8k $1.5m $1.5m 0.00% Added +593 +593
53 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.01% of their portfolio IRVING, TX 27,83927.8k $1.4m $1.4m 0.01% Added +48 +48
54 Clear Harbor Asset Management, LLC 0.11% of their portfolio Stamford, CT 27,64527.6k $1.4m $1.4m 0.11% Unchanged
55 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 27,10327.1k $1.4m $1.4m 0.00% Reduced -185 -185
56 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 26,97127.0k $1.4m $1.4m 0.00% Added +3.3k +3,282
57 Arax Advisory Partners 0.06% of their portfolio NEW YORK, NY 26,76226.8k $1.4m $1.4m 0.06% New
58 Hanson & Doremus Investment Management 0.18% of their portfolio BURLINGTON, VT 26,51126.5k $1.4m $1.4m 0.18% Unchanged
59 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 25,83325.8k $1.7m $1.7m 0.00% Added +10.9k +10,891
60 Wealthfront Advisers LLC 0.00% of their portfolio Palo Alto, CA 25,71225.7k $1.3m $1.3m 0.00% Added +1.4k +1,406
61 PFG Investments, LLC 0.08% of their portfolio WOODBURY, NY 25,60325.6k $1.3m $1.3m 0.08% Reduced -597 -597
62 WESCAP Management Group, Inc. 0.29% of their portfolio Glendale, CA 24,80324.8k $1.3m $1.3m 0.29% Added +4.5k +4,467
63 Essex Financial Services, Inc. 0.08% of their portfolio ESSEX, CT 24,55324.6k $1.3m $1.3m 0.08% Added +7 +7
64 CAPITAL CITY TRUST CO/FL 0.32% of their portfolio TALLAHASSEE, FL 24,18324.2k $1.2m $1.2m 0.32% Reduced -118 -118
65 IMC-Chicago, LLC 0.03% of their portfolio CHICAGO, IL 23,83023.8k $1.2m $1.2m 0.03% Reduced -8.4k -8,418
66 SENTINEL TRUST CO LBA 0.13% of their portfolio HOUSTON, TX 23,80523.8k $1.2m $1.2m 0.13% Added +1.4k +1,425
67 eCIO, Inc. 0.50% of their portfolio MADISON, WI 23,35623.4k $1.2m $1.2m 0.50% Added +60 +60
68 AlTi Global, Inc. 0.03% of their portfolio NEW YORK, NY 23,28923.3k $1.2m $1.2m 0.03% Reduced -667 -667
69 Alesco Advisors, LLC, An ESL Co 0.03% of their portfolio Pittsford, NY 23,18023.2k $1.2m $1.2m 0.03% Added +130 +130
70 FIRST NATIONAL CORP /MA/ /ADV 0.24% of their portfolio ROCKLAND, MA 22,98623.0k $1.2m $1.2m 0.24% Added +780 +780
71 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 22,56522.6k $1.1m $1.1m 0.00% Added +15.1k +15,058
72 Bell Investment Advisors, Inc 0.18% of their portfolio ORINDA, CA 20,61720.6k $1.1m $1.1m 0.18% Reduced -397 -397
73 FMR LLC 0.00% of their portfolio BOSTON, MA 20,34220.3k $1.0m $1.0m 0.00% Reduced -7.8k -7,761
74 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 19,96520.0k $1.0m $1.0m 0.00% Added +3.6k +3,557
75 Bragg Financial Advisors, Inc 0.04% of their portfolio CHARLOTTE, NC 19,93119.9k $1.0m $1.0m 0.04% Reduced -298 -298
76 Affinity Capital Advisors, LLC 0.17% of their portfolio BERKELEY, CA 19,83019.8k $1.0m $1.0m 0.17% Reduced -204 -204
77 Bridgewater Advisors Inc. 0.08% of their portfolio NEW YORK, NY 19,23119.2k $1.0m $1.0m 0.08% Reduced -10.7k -10,723
78 BRADLEY FOSTER & SARGENT INC/CT 0.02% of their portfolio HARTFORD, CT 19,11519.1k $973.5k $973.5k 0.02% Reduced -7.6k -7,562
79 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 18,62518.6k $948.6k $948.6k 0.00% Reduced -7.4k -7,440
80 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 18,48118.5k $941.2k $941.2k 0.00% Unchanged
81 EP Wealth Advisors, LLC 0.01% of their portfolio TORRANCE, CA 17,73617.7k $903.3k $903.3k 0.01% Added +1.0k +1,005
82 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 17,59517.6k $905.3k $905.3k 0.00% Reduced -722 -722
83 Farrow Financial, Inc. 0.50% of their portfolio SOUTH BURLINGTON, VT 16,10016.1k $820.0k $820.0k 0.50% Unchanged
84 BAILARD, INC. 0.02% of their portfolio Foster City, CA 15,61615.6k $795.3k $795.3k 0.02% Reduced -16.7k -16,744
85 Trevian Wealth Management LLC 0.48% of their portfolio WESTON, MA 15,58915.6k $794.0k $794.0k 0.48% Unchanged
86 COMMERCE BANK 0.00% of their portfolio KANSAS CITY, MO 15,33015.3k $780.8k $780.8k 0.00% Reduced -1.4k -1,405
87 Ameritas Investment Partners, Inc. 0.02% of their portfolio LINCOLN, NE 15,16915.2k $772.6k $772.6k 0.02% Added +45 +45
88 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 15,08715.1k $768.4k $768.4k 0.00% Reduced -2.5k -2,457
89 SEEDS INVESTOR LLC 0.17% of their portfolio NEW YORK, NY 14,54114.5k $740.6k $740.6k 0.17% New
90 Western Wealth Management, LLC 0.04% of their portfolio GOLDEN, CO 14,49814.5k $738.4k $738.4k 0.04% Added +348 +348
91 Focus Financial Network, Inc. 0.03% of their portfolio MINNEAPOLIS, MN 14,34314.3k $730.5k $730.5k 0.03% Reduced -2.5k -2,538
92 Bleakley Financial Group, LLC 0.02% of their portfolio PARSIPPANY, NJ 14,34214.3k $730.5k $730.5k 0.02% Reduced -45 -45
93 JFG Wealth Management, LLC 0.15% of their portfolio Denver, CO 14,23414.2k $724.9k $724.9k 0.15% Reduced -44.0k -44,003
94 Operose Advisors LLC 0.19% of their portfolio MILWAUKEE, WI 13,53613.5k $689.4k $689.4k 0.19% Reduced -2.3k -2,344
95 AXXCESS WEALTH MANAGEMENT, LLC 0.02% of their portfolio CARLSBAD, CA 13,51313.5k $688.2k $688.2k 0.02% Added +449 +449
96 MATRIX ASSET ADVISORS INC/NY 0.07% of their portfolio White Plains, NY 13,34813.3k $679.8k $679.8k 0.07% Unchanged
97 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 13,34013.3k $679.4k $679.4k 0.00% Added +7.4k +7,400
98 IMA Advisory Services, Inc. 0.07% of their portfolio DENVER, CO 13,30713.3k $677.7k $677.7k 0.07% Added +34 +34
99 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 12,87512.9k $655.7k $655.7k 0.00% Reduced -43.0k -42,958
100 Enclave Advisors LLC 0.10% of their portfolio AUSTIN, TX 12,70512.7k $647.1k $647.1k 0.10% Reduced -296 -296