Vault-13

SPDR SER TR QUS

MSCI USA STRTGIC · ETP · CUSIP 78468R812

175 institutional holders +8 vs Q1 2025
8,235,4968.2m shares reported held*
$1.3bnreported value*
14 new 71 added 50 reduced 8 sold out net bought ≈ $91.6m (+562.1k 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 ($431.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $163.18.

Trends to Q2 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: 167Q2 25: 175175Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 2025175

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 52 bought or addedQ3 23: 53 cut or sold outQ4 23: 60 bought or addedQ4 23: 64 cut or sold outQ4 23Q1 24: 68 bought or addedQ1 24: 63 cut or sold outQ2 24: 64 bought or addedQ2 24: 77 cut or sold outQ2 24Q3 24: 55 bought or addedQ3 24: 79 cut or sold outQ4 24: 67 bought or addedQ4 24: 66 cut or sold outQ4 24Q1 25: 61 bought or addedQ1 25: 67 cut or sold outQ2 25: 85 bought or addedQ2 25: 58 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20235253
Q4 20236064
Q1 20246863
Q2 20246477
Q3 20245579
Q4 20246766
Q1 20256167
Q2 20258558

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +192,062+192.1k
ROYAL BANK OF CANADA Added +101,587+101.6k
Focus Partners Wealth Added +67,972+68.0k
WIN ADVISORS, INC New +55,442+55.4k
ENVESTNET ASSET MANAGEMENT INC Added +37,625+37.6k
UBS Group AG Added +35,263+35.3k
RAYMOND JAMES FINANCIAL INC Added +33,967+34.0k
Ameritas Advisory Services, LLC Added +33,779+33.8k
Perennial Investment Advisors, LLC Added +27,022+27.0k
TWO SIGMA INVESTMENTS, LP New +20,600+20.6k

Biggest sellers

Bouvel Investment Partners, LLC Sold out -37,019-37.0k
Elevation Capital Advisory, LLC Sold out -28,671-28.7k
Geneos Wealth Management Inc. Reduced -20,104-20.1k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -18,167-18.2k
Goodman Advisory Group, LLC Reduced -16,914-16.9k
Tolleson Wealth Management, Inc. Reduced -16,082-16.1k
FIRST HAWAIIAN BANK Reduced -15,327-15.3k
John W. Brooker & Co., CPAs Reduced -8,893-8.9k
Garrett Wealth Advisory Group, LLC Reduced -8,158-8.2k
LPL Financial LLC Reduced -7,746-7.7k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Focus Partners Wealth 0.70% of their portfolio ST LOUIS, MO 1,986,5702.0m $324.0m $324.0m 0.70% Added +68.0k +67,972
2 Tolleson Wealth Management, Inc. 15.85% of their portfolio DALLAS, TX 568,476568.5k $92.7m $92.7m 15.85% Reduced -16.1k -16,082
3 SFMG, LLC 6.36% of their portfolio PLANO, TX 519,412519.4k $84.7m $84.7m 6.36% Added +2.1k +2,122
4 Private Advisor Group, LLC 0.36% of their portfolio MORRISTOWN, NJ 411,007411.0k $67.0m $67.0m 0.36% Added +5.7k +5,695
5 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 394,815394.8k $64.4m $64.4m 0.01% Added +192.1k +192,062
6 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 376,207376.2k $61.4m $61.4m 0.02% Added +37.6k +37,625
7 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 283,280283.3k $46.2m $46.2m 0.02% Reduced -7.7k -7,746
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 254,010254.0k $41.4m $41.4m 0.00% Added +5.8k +5,841
9 Perennial Investment Advisors, LLC 3.86% of their portfolio Los Angeles, CA 244,173244.2k $39.8m $39.8m 3.86% Added +27.0k +27,022
10 ELEVATION POINT WEALTH PARTNERS, LLC 3.03% of their portfolio DENVER, CO 238,262238.3k $38.9m $38.9m 3.03% Reduced -2.4k -2,427
11 Sage Mountain Advisors LLC 1.99% of their portfolio ATLANTA, GA 187,074187.1k $30.5m $30.5m 1.99% Reduced -4.2k -4,159
12 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 185,048185.0k $30.2m $30.2m 0.00% Added +101.6k +101,587
13 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 180,293180.3k $29.4m $29.4m 0.01% Added +11.7k +11,667
14 Presper Financial Architects, LLC 21.69% of their portfolio AKRON, OH 178,719178.7k $29.1m $29.1m 21.69% First filing
15 Garrett Wealth Advisory Group, LLC 5.90% of their portfolio WEATHERFORD, TX 170,978171.0k $27.9m $27.9m 5.90% Reduced -8.2k -8,158
16 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 140,287140.3k $22.9m $22.9m 0.01% Added +34.0k +33,967
17 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.03% of their portfolio PLYMOUTH, MN 113,903113.9k $18.7m $18.7m 0.03% Reduced -18.2k -18,167
18 Strategic Blueprint, LLC 0.77% of their portfolio ATLANTA, GA 96,37196.4k $15.7m $15.7m 0.77% Reduced -5.8k -5,841
19 Continuum Advisory, LLC 1.53% of their portfolio EAGLE, ID 78,01878.0k $12.7m $12.7m 1.53% Added +842 +842
20 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 69,85869.9k $11.4m $11.4m 0.03% Added +17.6k +17,626
21 American Money Management, LLC 1.90% of their portfolio Rancho Santa Fe, CA 65,95166.0k $10.8m $10.8m 1.90% Added +696 +696
22 Paul R. Ried Financial Group, LLC 6.49% of their portfolio BELLEVUE, WA 65,74565.7k $10.7m $10.7m 6.49% Added +3.4k +3,445
23 Eagle Strategies LLC 1.56% of their portfolio NEW YORK, NY 62,66962.7k $10.2m $10.2m 1.56% Added +933 +933
24 WIN ADVISORS, INC 4.36% of their portfolio PALM BEACH GARDENS, FL 55,44255.4k $9.0m $9.0m 4.36% New
25 Sharkey, Howes & Javer 1.21% of their portfolio DENVER, CO 55,40955.4k $9.0m $9.0m 1.21% Added +8.7k +8,701
26 FIRST HAWAIIAN BANK 1.20% of their portfolio HONOLULU, HI 54,05754.1k $8.8m $8.8m 1.20% Reduced -15.3k -15,327
27 Marotta Asset Management 1.76% of their portfolio CHARLOTTESVILLE, VA 53,88953.9k $8.8m $8.8m 1.76% Reduced -4.4k -4,427
28 CreativeOne Wealth, LLC 0.21% of their portfolio OVERLAND PARK, KS 49,30549.3k $8.0m $8.0m 0.21% Reduced -1.6k -1,554
29 Goodman Advisory Group, LLC 2.62% of their portfolio NEEDHAM, MA 47,22247.2k $7.7m $7.7m 2.62% Reduced -16.9k -16,914
30 Hughes Financial Services, LLC 1.27% of their portfolio HERNDON, VA 45,14945.1k $7.4m $7.4m 1.27% Reduced -268 -268
31 Howard Capital Management, LLC 0.10% of their portfolio Alpharetta, GA 42,27342.3k $6.9m $6.9m 0.10% Added +19.5k +19,515
32 UBS Group AG 0.00% of their portfolio ZURICH, V8 40,23640.2k $6.6m $6.6m 0.00% Added +35.3k +35,263
33 AlTi Global, Inc. 0.15% of their portfolio NEW YORK, NY 37,58237.6k $6.1m $6.1m 0.15% Added +996 +996
34 Ameritas Advisory Services, LLC 0.31% of their portfolio Lincoln, NE 36,60436.6k $6.0m $6.0m 0.31% Added +33.8k +33,779
35 NewEdge Advisors, LLC 0.03% of their portfolio NEW ORLEANS, LA 36,33736.3k $5.9m $5.9m 0.03% Added +2.4k +2,405
36 VISTA INVESTMENT MANAGEMENT 2.20% of their portfolio PITTSBURGH, PA 36,30536.3k $5.9m $5.9m 2.20% Added +78 +78
37 Quantinno Capital Management LP 0.03% of their portfolio NEW YORK, NY 35,43535.4k $5.8m $5.8m 0.03% Reduced -6.7k -6,704
38 ARQ WEALTH ADVISORS, LLC 1.83% of their portfolio SCOTTSDALE, AZ 33,95334.0k $5.3m $5.3m 1.83% Unchanged
39 FLAGSHIP HARBOR ADVISORS, LLC 0.23% of their portfolio BOSTON, MA 29,79029.8k $4.9m $4.9m 0.23% Added +197 +197
40 Integrity Wealth Solutions LLC 2.30% of their portfolio DENVER, CO 28,92728.9k $4.7m $4.7m 2.30% Reduced -369 -369
41 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 28,31228.3k $4.6m $4.6m 0.01% Added +164 +164
42 PARSONS CAPITAL MANAGEMENT INC/RI 0.28% of their portfolio PROVIDENCE, RI 28,06128.1k $4.6m $4.6m 0.28% Added +3.5k +3,452
43 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 23,68323.7k $3.9m $3.9m 0.01% Reduced -271 -271
44 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 20,60020.6k $3.4m $3.4m 0.01% New
45 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 20,50520.5k $3.3m $3.3m 0.01% Added +7.2k +7,200
46 Essex Financial Services, Inc. 0.22% of their portfolio ESSEX, CT 20,42120.4k $3.3m $3.3m 0.22% Added +368 +368
47 Smartleaf Asset Management LLC 0.28% of their portfolio BOSTON, MA 19,36419.4k $3.1m $3.1m 0.28% Added +4.7k +4,741
48 Versant Capital Management, Inc 0.40% of their portfolio PHOENIX, AZ 16,02716.0k $2.6m $2.6m 0.40% Added +26 +26
49 THEORY FINANCIAL LLC 0.94% of their portfolio FORT COLLINS, CO 15,23515.2k $2.5m $2.5m 0.94% Reduced -5.3k -5,306
50 LBMC INVESTMENT ADVISORS, LLC 0.14% of their portfolio BRENTWOOD, TN 12,36712.4k $2.0m $2.0m 0.14% Added +62 +62
51 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 12,22412.2k $2.0m $2.0m 0.00% New
52 SILVER OAK SECURITIES, INCORPORATED 0.16% of their portfolio JACKSON, TN 12,13612.1k $2.0m $2.0m 0.16% New
53 HARBOR INVESTMENT ADVISORY, LLC 0.17% of their portfolio LUTHERVILLE, MD 11,97512.0k $2.0m $2.0m 0.17% Added +473 +473
54 McAdam, LLC 0.10% of their portfolio Philadelphia, PA 11,39511.4k $1.9m $1.9m 0.10% Reduced -414 -414
55 Princeton Global Asset Management LLC 0.34% of their portfolio PRINCETON, NJ 11,36011.4k $1.9m $1.9m 0.34% Reduced -500 -500
56 Goldstein Advisors, LLC 0.25% of their portfolio Madison, WI 11,27511.3k $1.8m $1.8m 0.25% Reduced -9 -9
57 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 10,85310.9k $1.8m $1.8m 0.00% Reduced -410 -410
58 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 10,66310.7k $1.7m $1.7m 0.00% New
59 Strategic Financial Partners, Ltd. 0.80% of their portfolio Bend, OR 10,58410.6k $1.7m $1.7m 0.80% New
60 Merit Financial Group, LLC 0.02% of their portfolio ALPHARETTA, GA 10,44410.4k $1.7m $1.7m 0.02% Added +8.0k +8,023
61 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 9,6949.7k $1.6m $1.6m 0.00% Added +1.1k +1,127
62 Riverpoint Wealth Management Holdings, LLC 0.36% of their portfolio CHICAGO, IL 9,4309.4k $1.5m $1.5m 0.36% Reduced -219 -219
63 Hilltop Holdings Inc. 0.10% of their portfolio DALLAS, TX 9,3959.4k $1.5m $1.5m 0.10% Added +4.2k +4,237
64 Allred Capital Management, LLC 0.56% of their portfolio Dallas, TX 9,2029.2k $1.5m $1.5m 0.56% Added +1.0k +1,049
65 SENTINEL PENSION ADVISORS, LLC 0.25% of their portfolio WAKEFIELD, MA 9,1739.2k $1.5m $1.5m 0.25% Added +179 +179
66 LEVEL FOUR ADVISORY SERVICES, LLC 0.05% of their portfolio DALLAS, TX 8,8618.9k $1.4m $1.4m 0.05% Reduced -97 -97
67 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 8,7858.8k $1.4m $1.4m 0.00% Added +148 +148
68 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 8,4148.4k $1.4m $1.4m 0.01% Unchanged
69 Fort Point Capital Partners LLC 0.13% of their portfolio San Francisco, CA 8,1728.2k $1.3m $1.3m 0.13% Added +1 +1
70 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 7,9297.9k $1.3m $1.3m 0.02% Reduced -6.0k -6,007
71 Cornerstone Wealth Management, LLC 0.08% of their portfolio ST. PETERS, MO 7,7067.7k $1.3m $1.3m 0.08% Reduced -859 -859
72 SHEETS SMITH WEALTH MANAGEMENT 0.14% of their portfolio WINSTON-SALEM, NC 7,5337.5k $1.2m $1.2m 0.14% Reduced -104 -104
73 Compound Planning, Inc. 0.04% of their portfolio NEW YORK, NY 7,2877.3k $1.2m $1.2m 0.04% New
74 GeoWealth Management, LLC 0.05% of their portfolio CHICAGO, IL 7,2147.2k $1.2m $1.2m 0.05% Reduced -126 -126
75 Wilkins Miller Wealth Management, LLC 0.78% of their portfolio MOBILE, AL 7,0657.1k $1.2m $1.2m 0.78% Added +640 +640
76 Hershey Financial Advisers, LLC 0.95% of their portfolio LANCASTER, PA 6,5076.5k $1.1m $1.1m 0.95% First filing
77 HENGEHOLD CAPITAL MANAGEMENT LLC 0.10% of their portfolio CINCINNATI, OH 6,4386.4k $1.1m $1.1m 0.10% Reduced -59 -59
78 1620 INVESTMENT ADVISORS, INC. 0.71% of their portfolio PLYMOUTH, MA 6,1036.1k $995.5k $995.5k 0.71% Added +244 +244
79 Waterloo Capital, L.P. 0.08% of their portfolio AUSTIN, TX 6,0766.1k $990.9k $990.9k 0.08% Added +2.3k +2,261
80 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 5,6495.6k $921.4k $921.4k 0.00% Added +1.1k +1,136
81 VestGen Advisors, LLC 0.03% of their portfolio CHICAGO, IL 5,1675.2k $845.9k $845.9k 0.03% Added +1.5k +1,464
82 KING LUTHER CAPITAL MANAGEMENT CORP 0.00% of their portfolio FORT WORTH, TX 4,9695.0k $810.4k $810.4k 0.00% Reduced -155 -155
83 Detalus Advisors, LLC 0.23% of their portfolio ST. LOUIS, MO 4,9244.9k $803.1k $803.1k 0.23% Reduced -2 -2
84 NAPLES GLOBAL ADVISORS, LLC 0.07% of their portfolio NAPLES, FL 4,8254.8k $786.9k $786.9k 0.07% Reduced -200 -200
85 VICUS CAPITAL 0.06% of their portfolio STATE COLLEGE, PA 4,6274.6k $754.6k $754.6k 0.06% Added +91 +91
86 LANARK FINANCIAL, INC. 0.06% of their portfolio BIRMINGHAM, AL 4,3984.4k $717.0k $717.0k 0.06% Added +885 +885
87 Alpha Zero LLC 0.47% of their portfolio BOCA RATON, FL 4,3894.4k $715.8k $715.8k 0.47% Unchanged
88 Enterprise Bank & Trust Co 0.27% of their portfolio LOWELL, MA 4,3604.4k $711.1k $711.1k 0.27% Unchanged
89 Apollon Financial, LLC 0.14% of their portfolio MOUNT PLEASANT, SC 4,0004.0k $652.4k $652.4k 0.14% Added +115 +115
90 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 3,9584.0k $645.5k $645.5k 0.00% Added +213 +213
91 EP Wealth Advisors, LLC 0.00% of their portfolio TORRANCE, CA 3,7123.7k $605.4k $605.4k 0.00% Reduced -466 -466
92 NorthRock Partners, LLC 0.02% of their portfolio MINNEAPOLIS, MN 3,6003.6k $587.1k $587.1k 0.02% Reduced -2.6k -2,621
93 Aptus Capital Advisors, LLC 0.01% of their portfolio FAIRHOPE, AL 3,5963.6k $586.5k $586.5k 0.01% Unchanged
94 Financial Guidance Group, Inc. 0.28% of their portfolio Palm Harbor, FL 3,5963.6k $586.5k $586.5k 0.28% Unchanged
95 PRIVATE TRUST CO NA 0.05% of their portfolio CLEVELAND, OH 3,4963.5k $570.2k $570.2k 0.05% Reduced -184 -184
96 Cullen/Frost Bankers, Inc. 0.01% of their portfolio San Antonio, TX 3,4833.5k $568.0k $568.0k 0.01% Unchanged
97 Valtinson Bruner Financial Planning LLC 0.18% of their portfolio NEW BRIGHTON, MN 3,4353.4k $560.3k $560.3k 0.18% Added +12 +12
98 SK Wealth Management, LLC 0.24% of their portfolio PROVIDENCE, RI 3,3823.4k $554.4k $554.4k 0.24% Added +20 +20
99 Opulen Financial Group LLC 0.45% of their portfolio ARLINGTON, VA 3,3563.4k $547.4k $547.4k 0.45% Added +8 +8
100 Royal Fund Management, LLC 0.06% of their portfolio Lady Lake, FL 3,3333.3k $543.7k $543.7k 0.06% Reduced -5 -5