Vault-13

SPDR SER TR QUS

MSCI USA STRTGIC · ETP · CUSIP 78468R812

167 institutional holders +2 vs Q4 2024
7,590,8997.6m shares reported held*
$1.2bnreported value*
16 new 45 added 54 reduced 13 sold out net sold ≈ $287.2m (-1.8m 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 ($512.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $156.85.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 108Q4 22: 126Q1 23: 129Q2 23: 129Q3 23: 130Q4 23: 148Q1 24: 159Q2 24: 157Q3 24: 154Q4 24: 165Q1 25: 167167Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022108
Q4 2022126
Q1 2023129
Q2 2023129
Q3 2023130
Q4 2023148
Q1 2024159
Q2 2024157
Q3 2024154
Q4 2024165
Q1 2025167

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 23: 55 bought or addedQ2 23: 58 cut or sold outQ3 23: 52 bought or addedQ3 23: 53 cut or sold outQ3 23Q4 23: 60 bought or addedQ4 23: 64 cut or sold outQ1 24: 68 bought or addedQ1 24: 63 cut or sold outQ1 24Q2 24: 64 bought or addedQ2 24: 77 cut or sold outQ3 24: 55 bought or addedQ3 24: 79 cut or sold outQ3 24Q4 24: 67 bought or addedQ4 24: 66 cut or sold outQ1 25: 61 bought or addedQ1 25: 67 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20235558
Q3 20235253
Q4 20236064
Q1 20246863
Q2 20246477
Q3 20245579
Q4 20246766
Q1 20256167

Biggest buyers

Private Advisor Group, LLC Added +75,842+75.8k
Elevation Capital Advisory, LLC New +28,671+28.7k
Cambridge Investment Research Advisors, Inc. Added +22,881+22.9k
LPL Financial LLC Added +21,278+21.3k
Perennial Investment Advisors, LLC Added +13,370+13.4k
Strategic Blueprint, LLC Added +12,757+12.8k
Stratos Wealth Partners, LTD. Added +8,563+8.6k
Geneos Wealth Management Inc. Added +8,296+8.3k
Garrett Wealth Advisory Group, LLC Added +7,998+8.0k
Wilkins Miller Wealth Management, LLC New +6,425+6.4k

Biggest sellers

Focus Partners Wealth Reduced -1,845,362-1.8m
ENVESTNET ASSET MANAGEMENT INC Reduced -45,306-45.3k
RAYMOND JAMES FINANCIAL INC Reduced -41,436-41.4k
Ameritas Advisory Services, LLC Reduced -37,098-37.1k
Tolleson Wealth Management, Inc. Reduced -23,547-23.5k
FIRST HAWAIIAN BANK Reduced -19,120-19.1k
CITADEL ADVISORS LLC Sold out -13,219-13.2k
SILVER OAK SECURITIES, INCORPORATED Sold out -12,009-12.0k
Janney Montgomery Scott LLC Reduced -9,541-9.5k
ROYAL BANK OF CANADA Reduced -8,069-8.1k

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Focus Partners Wealth 0.75% of their portfolio ST LOUIS, MO 1,918,5981.9m $300.6m $300.6m 0.75% Reduced -1.8m -1,845,362
2 Tolleson Wealth Management, Inc. 17.66% of their portfolio DALLAS, TX 584,558584.6k $91.6m $91.6m 17.66% Reduced -23.5k -23,547
3 SFMG, LLC 6.40% of their portfolio PLANO, TX 517,290517.3k $81.1m $81.1m 6.40% Added +2.7k +2,687
4 Private Advisor Group, LLC 0.38% of their portfolio MORRISTOWN, NJ 405,312405.3k $63.5m $63.5m 0.38% Added +75.8k +75,842
5 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 338,582338.6k $53.1m $53.1m 0.02% Reduced -45.3k -45,306
6 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 291,026291.0k $45.6m $45.6m 0.02% Added +21.3k +21,278
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 248,169248.2k $38.9m $38.9m 0.00% Added +3.2k +3,205
8 ELEVATION POINT WEALTH PARTNERS, LLC 3.23% of their portfolio DENVER, CO 240,689240.7k $37.7m $37.7m 3.23% Reduced -63 -63
9 Perennial Investment Advisors, LLC 3.83% of their portfolio Los Angeles, CA 217,151217.2k $34.0m $34.0m 3.83% Added +13.4k +13,370
10 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 202,753202.8k $31.8m $31.8m 0.00% Reduced -1.6k -1,578
11 Sage Mountain Advisors LLC 2.21% of their portfolio ATLANTA, GA 191,233191.2k $30.0m $30.0m 2.21% Reduced -218 -218
12 Garrett Wealth Advisory Group, LLC 6.28% of their portfolio WEATHERFORD, TX 179,136179.1k $28.1m $28.1m 6.28% Added +8.0k +7,998
13 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 168,626168.6k $26.4m $26.4m 0.01% Reduced -2.6k -2,613
14 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.04% of their portfolio PLYMOUTH, MN 132,070132.1k $20.7m $20.7m 0.04% Added +4.0k +4,007
15 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 106,320106.3k $16.7m $16.7m 0.01% Reduced -41.4k -41,436
16 Strategic Blueprint, LLC 0.87% of their portfolio ATLANTA, GA 102,212102.2k $16.0m $16.0m 0.87% Added +12.8k +12,757
17 Great Point Wealth Advisors, LLC 3.29% of their portfolio BOSTON, MA 96,97497.0k $15.2m $15.2m 3.29% Reduced -844 -844
18 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 83,46183.5k $13.1m $13.1m 0.00% Reduced -8.1k -8,069
19 Continuum Advisory, LLC 1.56% of their portfolio EAGLE, ID 77,17677.2k $12.1m $12.1m 1.56% Added +1.3k +1,287
20 FIRST HAWAIIAN BANK 1.59% of their portfolio HONOLULU, HI 69,38469.4k $10.9m $10.9m 1.59% Reduced -19.1k -19,120
21 American Money Management, LLC 1.94% of their portfolio Rancho Santa Fe, CA 65,25565.3k $10.2m $10.2m 1.94% Added +2.2k +2,239
22 Goodman Advisory Group, LLC 3.06% of their portfolio NEEDHAM, MA 64,13664.1k $10.0m $10.0m 3.06% Added +280 +280
23 Paul R. Ried Financial Group, LLC 6.80% of their portfolio BELLEVUE, WA 62,30062.3k $9.8m $9.8m 6.80% Added +3.2k +3,206
24 Eagle Strategies LLC 1.68% of their portfolio NEW YORK, NY 61,73661.7k $9.7m $9.7m 1.68% Reduced -434 -434
25 Marotta Asset Management 1.80% of their portfolio CHARLOTTESVILLE, VA 58,31658.3k $9.2m $9.2m 1.80% Added +3.6k +3,612
26 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 52,23252.2k $8.2m $8.2m 0.03% Added +22.9k +22,881
27 CreativeOne Wealth, LLC 0.24% of their portfolio OVERLAND PARK, KS 50,85950.9k $8.0m $8.0m 0.24% Reduced -2.3k -2,334
28 Sharkey, Howes & Javer 1.05% of their portfolio DENVER, CO 46,70846.7k $7.3m $7.3m 1.05% Added +2.2k +2,169
29 Hughes Financial Services, LLC 1.39% of their portfolio HERNDON, VA 45,41745.4k $7.1m $7.1m 1.39% Reduced -1.6k -1,626
30 Quantinno Capital Management LP 0.04% of their portfolio NEW YORK, NY 42,13942.1k $6.6m $6.6m 0.04% Added +779 +779
31 Bouvel Investment Partners, LLC 2.19% of their portfolio PHOENIXVILLE, PA 37,01937.0k $5.8m $5.8m 2.19% Added +476 +476
32 AlTi Global, Inc. 0.15% of their portfolio NEW YORK, NY 36,58636.6k $5.7m $5.7m 0.15% Added +590 +590
33 VISTA INVESTMENT MANAGEMENT 2.22% of their portfolio PITTSBURGH, PA 36,22736.2k $5.7m $5.7m 2.22% Added +8 +8
34 ARQ WEALTH ADVISORS, LLC 1.97% of their portfolio SCOTTSDALE, AZ 33,95334.0k $5.3m $5.3m 1.97% Added +4.8k +4,820
35 NewEdge Advisors, LLC 0.03% of their portfolio NEW ORLEANS, LA 33,93233.9k $5.3m $5.3m 0.03% Reduced -1.5k -1,494
36 FLAGSHIP HARBOR ADVISORS, LLC 0.24% of their portfolio BOSTON, MA 29,59329.6k $4.6m $4.6m 0.24% Added +3.0k +3,013
37 Integrity Wealth Solutions LLC 2.49% of their portfolio DENVER, CO 29,29629.3k $4.6m $4.6m 2.49% Reduced -449 -449
38 Elevation Capital Advisory, LLC 1.96% of their portfolio BEND, OR 28,67128.7k $4.5m $4.5m 1.96% New
39 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 28,14828.1k $4.4m $4.4m 0.01% Reduced -1.9k -1,911
40 PARSONS CAPITAL MANAGEMENT INC/RI 0.21% of their portfolio PROVIDENCE, RI 24,60924.6k $3.9m $3.9m 0.21% Added +2.7k +2,687
41 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 23,95424.0k $3.8m $3.8m 0.01% Reduced -1.6k -1,556
42 Howard Capital Management, LLC 0.09% of their portfolio Alpharetta, GA 22,75822.8k $3.6m $3.6m 0.09% Added +4.5k +4,472
43 Geneos Wealth Management Inc. 0.05% of their portfolio ENGLEWOOD, CO 20,97521.0k $3.3m $3.3m 0.05% Added +8.3k +8,296
44 THEORY FINANCIAL LLC 1.36% of their portfolio FORT COLLINS, CO 20,54120.5k $3.2m $3.2m 1.36% Reduced -800 -800
45 Essex Financial Services, Inc. 0.23% of their portfolio ESSEX, CT 20,05320.1k $3.1m $3.1m 0.23% Added +1.3k +1,324
46 Versant Capital Management, Inc 0.42% of their portfolio PHOENIX, AZ 16,00116.0k $2.5m $2.5m 0.42% Unchanged
47 Smartleaf Asset Management LLC 0.22% of their portfolio BOSTON, MA 14,62314.6k $2.3m $2.3m 0.22% Reduced -6.7k -6,721
48 Stratos Wealth Partners, LTD. 0.03% of their portfolio BEACHWOOD, OH 13,93613.9k $2.2m $2.2m 0.03% Added +8.6k +8,563
49 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 13,30513.3k $2.1m $2.1m 0.01% Reduced -9.5k -9,541
50 LBMC INVESTMENT ADVISORS, LLC 0.15% of their portfolio BRENTWOOD, TN 12,30512.3k $1.9m $1.9m 0.15% Unchanged
51 Princeton Global Asset Management LLC 0.37% of their portfolio PRINCETON, NJ 11,86011.9k $1.9m $1.9m 0.37% Added +903 +903
52 McAdam, LLC 0.11% of their portfolio Philadelphia, PA 11,80911.8k $1.9m $1.9m 0.11% Reduced -268 -268
53 HARBOR INVESTMENT ADVISORY, LLC 0.18% of their portfolio LUTHERVILLE, MD 11,50211.5k $1.8m $1.8m 0.18% Added +260 +260
54 Goldstein Advisors, LLC 0.26% of their portfolio Madison, WI 11,28411.3k $1.8m $1.8m 0.26% Reduced -15 -15
55 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 11,26311.3k $1.8m $1.8m 0.00% Unchanged
56 John W. Brooker & Co., CPAs 0.66% of their portfolio OAKLAND, CA 10,18810.2k $1.6m $1.6m 0.66% Reduced -156 -156
57 Riverpoint Wealth Management Holdings, LLC 0.39% of their portfolio CHICAGO, IL 9,6499.6k $1.5m $1.5m 0.39% Unchanged
58 Sandy Spring Bank 0.06% of their portfolio Olney, MD 9,2079.2k $1.4m $1.4m 0.06% Unchanged
59 SENTINEL PENSION ADVISORS, LLC 0.26% of their portfolio WAKEFIELD, MA 8,9949.0k $1.4m $1.4m 0.26% Reduced -130 -130
60 LEVEL FOUR ADVISORY SERVICES, LLC 0.06% of their portfolio DALLAS, TX 8,9589.0k $1.4m $1.4m 0.06% Reduced -2.1k -2,108
61 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 8,6378.6k $1.4m $1.4m 0.00% Reduced -574 -574
62 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 8,5678.6k $1.3m $1.3m 0.00% Added +1.1k +1,124
63 Cornerstone Wealth Management, LLC 0.09% of their portfolio ST. PETERS, MO 8,5658.6k $1.3m $1.3m 0.09% Reduced -811 -811
64 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 8,4148.4k $1.3m $1.3m 0.01% Reduced -36 -36
65 Fort Point Capital Partners LLC 0.14% of their portfolio San Francisco, CA 8,1718.2k $1.3m $1.3m 0.14% Added +100 +100
66 Allred Capital Management, LLC 0.51% of their portfolio Dallas, TX 8,1538.2k $1.3m $1.3m 0.51% Added +75 +75
67 SHEETS SMITH WEALTH MANAGEMENT 0.15% of their portfolio WINSTON-SALEM, NC 7,6377.6k $1.2m $1.2m 0.15% Reduced -93 -93
68 GeoWealth Management, LLC 0.05% of their portfolio CHICAGO, IL 7,3407.3k $1.2m $1.2m 0.05% Reduced -154 -154
69 HENGEHOLD CAPITAL MANAGEMENT LLC 0.10% of their portfolio CINCINNATI, OH 6,4976.5k $1.0m $1.0m 0.10% Reduced -26 -26
70 Wilkins Miller Wealth Management, LLC 0.76% of their portfolio MOBILE, AL 6,4256.4k $1.0m $1.0m 0.76% New
71 NorthRock Partners, LLC 0.03% of their portfolio MINNEAPOLIS, MN 6,2216.2k $974.8k $974.8k 0.03% New
72 1620 INVESTMENT ADVISORS, INC. 0.70% of their portfolio PLYMOUTH, MA 5,8595.9k $918.1k $918.1k 0.70% Added +107 +107
73 Hilltop Holdings Inc. 0.05% of their portfolio DALLAS, TX 5,1585.2k $808.1k $808.1k 0.05% Reduced -2.5k -2,458
74 KING LUTHER CAPITAL MANAGEMENT CORP 0.00% of their portfolio FORT WORTH, TX 5,1245.1k $802.9k $802.9k 0.00% Reduced -80 -80
75 NAPLES GLOBAL ADVISORS, LLC 0.07% of their portfolio NAPLES, FL 5,0255.0k $787.4k $787.4k 0.07% Reduced -360 -360
76 UBS Group AG 0.00% of their portfolio ZURICH, V8 4,9735.0k $779.2k $779.2k 0.00% Added +4.8k +4,837
77 Detalus Advisors, LLC 0.24% of their portfolio ST. LOUIS, MO 4,9264.9k $771.9k $771.9k 0.24% Unchanged
78 VICUS CAPITAL 0.07% of their portfolio STATE COLLEGE, PA 4,5364.5k $710.7k $710.7k 0.07% Reduced -621 -621
79 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 4,5134.5k $707.2k $707.2k 0.00% Added +2.2k +2,197
80 Alpha Zero LLC 0.52% of their portfolio BOCA RATON, FL 4,3894.4k $687.7k $687.7k 0.52% Unchanged
81 Enterprise Bank & Trust Co 0.26% of their portfolio LOWELL, MA 4,3604.4k $683.2k $683.2k 0.26% Unchanged
82 EP Wealth Advisors, LLC 0.01% of their portfolio TORRANCE, CA 4,1784.2k $654.7k $654.7k 0.01% New
83 Apollon Financial, LLC 0.14% of their portfolio MOUNT PLEASANT, SC 3,8853.9k $608.7k $608.7k 0.14% Added +65 +65
84 Waterloo Capital, L.P. 0.06% of their portfolio AUSTIN, TX 3,8153.8k $597.8k $597.8k 0.06% Reduced -1.5k -1,487
85 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 3,7453.7k $586.8k $586.8k 0.00% Added +1.7k +1,707
86 VestGen Advisors, LLC 0.03% of their portfolio CHICAGO, IL 3,7033.7k $580.3k $580.3k 0.03% First filing
87 PRIVATE TRUST CO NA 0.06% of their portfolio CLEVELAND, OH 3,6803.7k $576.6k $576.6k 0.06% Added +184 +184
88 Aptus Capital Advisors, LLC 0.01% of their portfolio FAIRHOPE, AL 3,5963.6k $563.5k $563.5k 0.01% Unchanged
89 Financial Guidance Group, Inc. 0.30% of their portfolio Palm Harbor, FL 3,5963.6k $563.5k $563.5k 0.30% Unchanged
90 LANARK FINANCIAL, INC. 0.05% of their portfolio BIRMINGHAM, AL 3,5133.5k $550.0k $550.0k 0.05% Added +3.5k +3,509
91 Cullen/Frost Bankers, Inc. 0.01% of their portfolio San Antonio, TX 3,4833.5k $545.8k $545.8k 0.01% Reduced -1.0k -1,000
92 Valtinson Bruner Financial Planning LLC 0.18% of their portfolio NEW BRIGHTON, MN 3,4233.4k $536.4k $536.4k 0.18% Unchanged
93 SK Wealth Management, LLC 0.26% of their portfolio PROVIDENCE, RI 3,3623.4k $489.3k $489.3k 0.26% Unchanged
94 Opulen Financial Group LLC 0.48% of their portfolio ARLINGTON, VA 3,3483.3k $524.6k $524.6k 0.48% Unchanged
95 Royal Fund Management, LLC 0.06% of their portfolio Lady Lake, FL 3,3383.3k $524.0k $524.0k 0.06% Reduced -19 -19
96 Integrated Advisors Network LLC 0.03% of their portfolio DALLAS, TX 3,1993.2k $501.3k $501.3k 0.03% Reduced -23 -23
97 Tower Research Capital LLC (TRC) 0.01% of their portfolio NEW YORK, NY 3,1723.2k $497.0k $497.0k 0.01% Added +2.4k +2,376
98 Avant Capital LLC 0.39% of their portfolio LAFAYETTE, LA 2,9863.0k $467.9k $467.9k 0.39% Reduced -4 -4
99 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 2,9773.0k $466.5k $466.5k 0.00% Reduced -2.7k -2,710
100 PUREfi Wealth, LLC 0.44% of their portfolio BOSTON, MA 2,8352.8k $444.2k $444.2k 0.44% New