Vault-13

SPDR SER TR QUS

MSCI USA STRTGIC · ETP · CUSIP 78468R812

193 institutional holders +3 vs Q1 2026
7,014,1907.0m shares reported held*
$1.3bnreported value*
17 new 58 added 62 reduced 14 sold out net bought ≈ $16.0m (+85.8k 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 ($536.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $186.99.

Trends to Q2 2026

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: 175Q3 25: 182Q4 25: 179Q1 26: 190Q2 26: 193193Q3 22Q3 23Q3 24Q3 25Q2 26
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
Q3 2025182
Q4 2025179
Q1 2026190
Q2 2026193

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 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 25Q3 25: 58 bought or addedQ3 25: 73 cut or sold outQ4 25: 66 bought or addedQ4 25: 78 cut or sold outQ4 25Q1 26: 64 bought or addedQ1 26: 88 cut or sold outQ2 26: 75 bought or addedQ2 26: 76 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20245579
Q4 20246766
Q1 20256167
Q2 20258558
Q3 20255873
Q4 20256678
Q1 20266488
Q2 20267576

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ3 25 calls: $325.3kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $278.7kQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $274.6kQ1 26 puts: $0Q1 26P/C 0.00Q2 26 calls: $0Q2 26 puts: $0Q2 26P/C —
Numbers
QuarterCallsPutsP/C
Q3 2025$325.3k$00.00
Q4 2025$278.7k$00.00
Q1 2026$274.6k$00.00
Q2 2026$0$0—

Biggest buyers

Howard Capital Management, LLC New +201,781+201.8k
McKinney Capital Management, LLC New +103,585+103.6k
BIP Wealth, LLC Added +66,660+66.7k
ELEVATION POINT WEALTH PARTNERS, LLC New +57,890+57.9k
Cambridge Investment Research Advisors, Inc. Added +32,068+32.1k
Focus Partners Wealth Added +27,256+27.3k
LPL Financial LLC Added +21,052+21.1k
SFMG, LLC Added +19,124+19.1k
Marotta Asset Management Added +18,162+18.2k
ARQ WEALTH ADVISORS, LLC Added +14,832+14.8k

Biggest sellers

Private Advisor Group, LLC Reduced -233,407-233.4k
Kingsview Wealth Management, LLC Sold out -43,811-43.8k
AMERIPRISE FINANCIAL INC Reduced -42,827-42.8k
Tolleson Wealth Management, Inc. Reduced -25,949-25.9k
Elevation Capital Advisory, LLC Sold out -25,881-25.9k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -20,975-21.0k
Perennial Investment Advisors, LLC Reduced -16,794-16.8k
BANK OF AMERICA CORP /DE/ Reduced -15,096-15.1k
Strategic Financial Partners, Ltd. Reduced -14,596-14.6k
Sharkey, Howes & Javer Reduced -13,248-13.2k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Focus Partners Wealth 0.40% of their portfolio ST LOUIS, MO 2,083,6112.1m $389.3m $389.3m 0.40% Added +27.3k +27,256
2 SFMG, LLC 6.38% of their portfolio PLANO, TX 560,714560.7k $104.8m $104.8m 6.38% Added +19.1k +19,124
3 Tolleson Wealth Management, Inc. 12.89% of their portfolio DALLAS, TX 511,934511.9k $95.7m $95.7m 12.89% Reduced -25.9k -25,949
4 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 373,850373.9k $69.9m $69.9m 0.02% Added +21.1k +21,052
5 Perennial Investment Advisors, LLC 3.75% of their portfolio Los Angeles, CA 300,970301.0k $56.2m $56.2m 3.75% Reduced -16.8k -16,794
6 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 206,813206.8k $38.6m $38.6m 0.01% Reduced -6.5k -6,548
7 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 205,402205.4k $38.4m $38.4m 0.00% Reduced -15.1k -15,096
8 Howard Capital Management, LLC 0.45% of their portfolio Alpharetta, GA 201,781201.8k $37.7m $37.7m 0.45% New
9 BIP Wealth, LLC 0.92% of their portfolio ATLANTA, GA 172,792172.8k $32.3m $32.3m 0.92% Added +66.7k +66,660
10 Sage Mountain Advisors LLC 1.91% of their portfolio ATLANTA, GA 166,196166.2k $31.1m $31.1m 1.91% Reduced -1.8k -1,826
11 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 161,121161.1k $30.1m $30.1m 0.01% Reduced -42.8k -42,827
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 122,928122.9k $23.0m $23.0m 0.00% Reduced -2.1k -2,142
13 McKinney Capital Management, LLC 7.63% of their portfolio HOUSTON, TX 103,585103.6k $19.4m $19.4m 7.63% New
14 Marotta Asset Management 2.65% of their portfolio CHARLOTTESVILLE, VA 84,96585.0k $15.9m $15.9m 2.65% Added +18.2k +18,162
15 Paul R. Ried Financial Group, LLC 6.24% of their portfolio BELLEVUE, WA 76,48576.5k $14.3m $14.3m 6.24% Added +2.5k +2,491
16 Continuum Advisory, LLC 1.13% of their portfolio EAGLE, ID 75,09275.1k $14.0m $14.0m 1.13% Added +1.6k +1,589
17 Great Point Wealth Advisors, LLC 2.22% of their portfolio BOSTON, MA 73,64273.6k $13.8m $13.8m 2.22% Reduced -10.8k -10,839
18 American Money Management, LLC 1.93% of their portfolio Rancho Santa Fe, CA 72,16472.2k $13.5m $13.5m 1.93% Added +2.4k +2,352
19 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 66,54866.5k $12.4m $12.4m 0.00% Reduced -776 -776
20 VAQUERO PRIVATE WEALTH, LTD 2.42% of their portfolio DALLAS, TX 62,88162.9k $11.8m $11.8m 2.42% First filing
21 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 62,32862.3k $11.6m $11.6m 0.01% Added +32.1k +32,068
22 Goodman Advisory Group, LLC 2.58% of their portfolio NEEDHAM, MA 59,98260.0k $11.2m $11.2m 2.58% Added +4.2k +4,240
23 ELEVATION POINT WEALTH PARTNERS, LLC 0.20% of their portfolio DENVER, CO 57,89057.9k $10.8m $10.8m 0.20% New
24 ARQ WEALTH ADVISORS, LLC 1.33% of their portfolio SCOTTSDALE, AZ 57,18957.2k $10.7m $10.7m 1.33% Added +14.8k +14,832
25 Eagle Strategies LLC 1.06% of their portfolio NEW YORK, NY 57,03657.0k $10.7m $10.7m 1.06% Reduced -1.0k -1,004
26 Garrett Wealth Advisory Group, LLC 1.53% of their portfolio WEATHERFORD, TX 53,36853.4k $10.0m $10.0m 1.53% Reduced -3.5k -3,468
27 Hughes Financial Services, LLC 1.06% of their portfolio HERNDON, VA 42,98443.0k $8.0m $8.0m 1.06% Reduced -575 -575
28 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 39,76339.8k $7.4m $7.4m 0.00% Reduced -3.5k -3,509
29 AlTi Global, Inc. 0.15% of their portfolio NEW YORK, NY 39,75239.8k $7.4m $7.4m 0.15% Added +35 +35
30 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 38,01438.0k $7.1m $7.1m 0.02% Added +659 +659
31 VISTA INVESTMENT MANAGEMENT 2.10% of their portfolio PITTSBURGH, PA 37,26537.3k $7.0m $7.0m 2.10% Added +3 +3
32 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 36,31736.3k $6.8m $6.8m 0.01% Added +9.9k +9,912
33 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 34,83834.8k $6.5m $6.5m 0.03% Reduced -233.4k -233,407
34 FIRST HAWAIIAN BANK 0.63% of their portfolio HONOLULU, HI 26,81526.8k $5.0m $5.0m 0.63% Reduced -3.8k -3,813
35 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 26,39526.4k $4.9m $4.9m 0.01% Reduced -1.3k -1,268
36 Warner Group LLC 1.18% of their portfolio MADISON, CT 25,63725.6k $4.8m $4.8m 1.18% Added +12.7k +12,735
37 Midwest Financial Network, LLC 3.25% of their portfolio TINLEY PARK, IL 25,43925.4k $4.8m $4.8m 3.25% Added +3.8k +3,750
38 Integrity Wealth Solutions LLC 1.69% of their portfolio DENVER, CO 24,42824.4k $4.6m $4.6m 1.69% Reduced -439 -439
39 PARSONS CAPITAL MANAGEMENT INC/RI 0.21% of their portfolio PROVIDENCE, RI 24,41524.4k $4.6m $4.6m 0.21% Reduced -4.8k -4,845
40 CreativeOne Wealth, LLC 0.09% of their portfolio OVERLAND PARK, KS 21,46521.5k $4.0m $4.0m 0.09% Reduced -3.2k -3,230
41 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 21,09121.1k $3.9m $3.9m 0.00% Reduced -304 -304
42 Essex Financial Services, Inc. 0.18% of their portfolio ESSEX, CT 19,85419.9k $3.7m $3.7m 0.18% Reduced -43 -43
43 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 17,46917.5k $3.3m $3.3m 0.01% Added +132 +132
44 Sharkey, Howes & Javer 0.37% of their portfolio DENVER, CO 16,17616.2k $3.0m $3.0m 0.37% Reduced -13.2k -13,248
45 FLAGSHIP HARBOR ADVISORS, LLC 0.11% of their portfolio BOSTON, MA 15,65815.7k $2.9m $2.9m 0.11% Added +73 +73
46 Allred Capital Management, LLC 0.86% of their portfolio Dallas, TX 14,01414.0k $2.6m $2.6m 0.86% Added +3.0k +3,013
47 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 12,52312.5k $2.4m $2.4m 0.00% Reduced -21.0k -20,975
48 LBMC INVESTMENT ADVISORS, LLC 0.12% of their portfolio BRENTWOOD, TN 12,19912.2k $2.3m $2.3m 0.12% Added +54 +54
49 Versant Capital Management, Inc 0.20% of their portfolio PHOENIX, AZ 11,87311.9k $2.2m $2.2m 0.20% Added +23 +23
50 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 11,12411.1k $2.1m $2.1m 0.00% Added +775 +775
51 Goldstein Advisors, LLC 0.18% of their portfolio Madison, WI 10,66110.7k $2.0m $2.0m 0.18% Reduced -73 -73
52 Ethic Inc. 0.02% of their portfolio NEW YORK, NY 10,06810.1k $1.9m $1.9m 0.02% Added +629 +629
53 NWAM LLC 0.09% of their portfolio MERCER ISLAND, WA 9,1699.2k $1.7m $1.7m 0.09% Reduced -1.1k -1,109
54 SENTINEL PENSION ADVISORS, LLC 0.21% of their portfolio WAKEFIELD, MA 8,7128.7k $1.6m $1.6m 0.21% Added +31 +31
55 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 8,5548.6k $1.6m $1.6m 0.02% Reduced -486 -486
56 Selby Wealth Management, LLC 0.57% of their portfolio EMERYVILLE, CA 8,5488.5k $1.6m $1.6m 0.57% Unchanged
57 HARBOR INVESTMENT ADVISORY, LLC 0.11% of their portfolio LUTHERVILLE, MD 8,4358.4k $1.6m $1.6m 0.11% Reduced -5.0k -5,049
58 Riverpoint Wealth Management Holdings, LLC 0.28% of their portfolio CHICAGO, IL 8,1968.2k $1.5m $1.5m 0.28% Added +45 +45
59 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 8,1168.1k $1.5m $1.5m 0.00% Reduced -119 -119
60 LEVEL FOUR ADVISORY SERVICES, LLC 0.04% of their portfolio DALLAS, TX 7,9878.0k $1.5m $1.5m 0.04% Added +9 +9
61 Cornerstone Wealth Management, LLC 0.06% of their portfolio ST. PETERS, MO 7,5727.6k $1.4m $1.4m 0.06% Added +290 +290
62 GTS SECURITIES LLC 0.03% of their portfolio NEW YORK, NY 7,1577.2k $1.3m $1.3m 0.03% New
63 IFP Advisors, Inc 0.02% of their portfolio TAMPA, FL 6,7726.8k $1.3m $1.3m 0.02% Reduced -369 -369
64 Strategic Financial Partners, Ltd. 0.47% of their portfolio Bend, OR 6,7226.7k $1.3m $1.3m 0.47% Reduced -14.6k -14,596
65 Presper Financial Architects, LLC 0.65% of their portfolio AKRON, OH 6,7176.7k $1.3m $1.3m 0.65% Reduced -1.9k -1,937
66 NorthRock Partners, LLC 0.02% of their portfolio MINNEAPOLIS, MN 6,6016.6k $1.2m $1.2m 0.02% Reduced -176 -176
67 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio Stamford, CT 6,4346.4k $1.2m $1.2m 0.01% Reduced -1.1k -1,086
68 McAdam, LLC 0.05% of their portfolio Philadelphia, PA 6,2866.3k $1.2m $1.2m 0.05% Reduced -4.5k -4,538
69 SHEETS SMITH WEALTH MANAGEMENT 0.12% of their portfolio WINSTON-SALEM, NC 6,2696.3k $1.2m $1.2m 0.12% Reduced -32 -32
70 Wilkins Miller Wealth Management, LLC 0.61% of their portfolio MOBILE, AL 5,8945.9k $1.1m $1.1m 0.61% Reduced -400 -400
71 HENGEHOLD CAPITAL MANAGEMENT LLC 0.08% of their portfolio CINCINNATI, OH 5,7485.7k $1.1m $1.1m 0.08% Reduced -576 -576
72 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 5,5845.6k $1.0m $1.0m 0.00% Added +1.6k +1,606
73 Compound Planning, Inc. 0.03% of their portfolio NEW YORK, NY 5,4105.4k $1.0m $1.0m 0.03% Reduced -43 -43
74 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 5,0815.1k $949.4k $949.4k 0.00% Added +2.3k +2,328
75 Dynamic Advisor Solutions LLC 0.03% of their portfolio PHOENIX, AZ 4,9895.0k $932.3k $932.3k 0.03% Unchanged
76 Princeton Global Asset Management LLC 0.13% of their portfolio PRINCETON, NJ 4,9705.0k $928.7k $928.7k 0.13% Added +5 +5
77 1620 INVESTMENT ADVISORS, INC. 0.56% of their portfolio PLYMOUTH, MA 4,8484.8k $906.0k $906.0k 0.56% Reduced -442 -442
78 NAPLES GLOBAL ADVISORS, LLC 0.06% of their portfolio NAPLES, FL 4,8254.8k $901.6k $901.6k 0.06% Unchanged
79 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 4,6714.7k $872.8k $872.8k 0.00% New
80 KING LUTHER CAPITAL MANAGEMENT CORP 0.00% of their portfolio FORT WORTH, TX 4,4744.5k $836.0k $836.0k 0.00% Reduced -60 -60
81 Apollon Financial, LLC 0.10% of their portfolio MOUNT PLEASANT, SC 4,4654.5k $834.3k $834.3k 0.10% Added +115 +115
82 Alpha Zero LLC 0.31% of their portfolio BOCA RATON, FL 4,3894.4k $830.3k $830.3k 0.31% Unchanged
83 VICUS CAPITAL 0.05% of their portfolio STATE COLLEGE, PA 4,2354.2k $791.3k $791.3k 0.05% Reduced -124 -124
84 FMR LLC 0.00% of their portfolio BOSTON, MA 4,2114.2k $786.8k $786.8k 0.00% Added +1.2k +1,215
85 VestGen Advisors, LLC 0.02% of their portfolio CHICAGO, IL 4,0774.1k $761.8k $761.8k 0.02% Reduced -80 -80
86 Spinnaker Investment Group, LLC 0.12% of their portfolio Newport Beach, CA 4,0684.1k $760.1k $760.1k 0.12% New
87 Abundance Wealth Counselors 0.05% of their portfolio STATE COLLEGE, PA 3,9243.9k $733.2k $733.2k 0.05% New
88 ROCKLAND TRUST CO 0.03% of their portfolio HANOVER, MA 3,7323.7k $697.4k $697.4k 0.03% Reduced -55 -55
89 GILPIN WEALTH MANAGEMENT, LLC 0.47% of their portfolio DENVER, CO 3,6113.6k $674.8k $674.8k 0.47% Reduced -40 -40
90 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 3,5363.5k $660.8k $660.8k 0.00% Added +1.1k +1,121
91 PRIVATE TRUST CO NA 0.05% of their portfolio CLEVELAND, OH 3,4963.5k $653.3k $653.3k 0.05% Unchanged
92 Cullen/Frost Bankers, Inc. 0.01% of their portfolio San Antonio, TX 3,4833.5k $650.8k $650.8k 0.01% Unchanged
93 Valtinson Bruner Financial Planning LLC 0.16% of their portfolio NEW BRIGHTON, MN 3,4633.5k $647.0k $647.0k 0.16% Added +11 +11
94 Opulen Financial Group LLC 0.40% of their portfolio ARLINGTON, VA 3,4023.4k $635.7k $635.7k 0.40% Added +18 +18
95 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 3,3463.3k $625.2k $625.2k 0.00% Unchanged
96 Financial Guidance Group, Inc. 0.23% of their portfolio Palm Harbor, FL 3,3463.3k $625.2k $625.2k 0.23% Unchanged
97 Avant Capital LLC 0.39% of their portfolio LAFAYETTE, LA 3,3253.3k $621.3k $621.3k 0.39% Added +9 +9
98 GeoWealth Management, LLC 0.02% of their portfolio CHICAGO, IL 3,2953.3k $615.8k $615.8k 0.02% Reduced -6 -6
99 SEVEN MILE ADVISORY 0.41% of their portfolio TALLAHASSEE, FL 3,2613.3k $609.4k $609.4k 0.41% New
100 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 2,9663.0k $554.2k $554.2k 0.00% Added +7 +7