Vault-13

SPDR SER TR SPSM

PORTFOLIO S&P600 · ETP · CUSIP 78468R853

688 institutional holders +18 vs Q2 2023
163,530,691163.5m shares reported held*
$6.1bnreported value*
59 new 307 added 223 reduced 45 sold out net bought ≈ $859.3m (+24.3m 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 ($11.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $37.51. Options: 4 managers hold calls ($862.0k notional), 2 hold puts ($208.6k).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 432Q4 22: 476Q1 23: 476Q2 23: 670Q3 23: 688688Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022432
Q4 2022476
Q1 2023476
Q2 2023670
Q3 2023688

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q4 22: 245 bought or addedQ4 22: 185 cut or sold outQ4 22Q1 23: 280 bought or addedQ1 23: 188 cut or sold outQ1 23Q2 23: 498 bought or addedQ2 23: 145 cut or sold outQ2 23Q3 23: 366 bought or addedQ3 23: 268 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022245185
Q1 2023280188
Q2 2023498145
Q3 2023366268

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ4 22 calls: $1.5mQ4 22 puts: $70.2kQ4 22P/C 0.05Q1 23 calls: $808.5kQ1 23 puts: $26.4kQ1 23P/C 0.03Q2 23 calls: $1.1mQ2 23 puts: $170.9kQ2 23P/C 0.16Q3 23 calls: $862.0kQ3 23 puts: $208.6kQ3 23P/C 0.24
Numbers
QuarterCallsPutsP/C
Q4 2022$1.5m$70.2k0.05
Q1 2023$808.5k$26.4k0.03
Q2 2023$1.1m$170.9k0.16
Q3 2023$862.0k$208.6k0.24

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +5,052,813+5.1m
Richard Bernstein Advisors LLC New +3,813,042+3.8m
Financial Gravity Asset Management, Inc. Added +3,504,550+3.5m
AMERIPRISE FINANCIAL INC Added +2,248,179+2.2m
FIDUCIENT ADVISORS LLC Added +991,378+991.4k
LPL Financial LLC Added +920,117+920.1k
Financial Engines Advisors L.L.C. Added +893,257+893.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +823,397+823.4k
ENVESTNET ASSET MANAGEMENT INC Added +640,591+640.6k
CWM, LLC Added +489,434+489.4k

Biggest sellers

Amplius Wealth Advisors, LLC Reduced -719,670-719.7k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -266,840-266.8k
Stadion Money Management, LLC Reduced -241,571-241.6k
ADAMSBROWN WEALTH CONSULTANTS LLC Reduced -196,733-196.7k
WELLS FARGO & COMPANY/MN Reduced -184,094-184.1k
Equitable Holdings, Inc. Reduced -174,246-174.2k
Treasure Coast Financial Planning Sold out -135,798-135.8k
BCGM Wealth Management, LLC Reduced -130,140-130.1k
GOLDMAN SACHS GROUP INC Reduced -116,792-116.8k
Veritable, L.P. Sold out -115,332-115.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $501.8k13.6k shares
CITADEL ADVISORS LLC Added $328.4k8.9k shares
Private Advisor Group, LLC New $29.7k80.5k shares
Cutler Group LLC / CA Added $2.0k2.0k shares

Biggest puts

CITADEL ADVISORS LLC Added $206.6k5.6k shares
Cutler Group LLC / CA New $2.0k8.8k 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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Financial Engines Advisors L.L.C. 2.00% of their portfolio SANTA CLARA, CA 20,617,31620.6m $760.8m $760.8m 2.00% Added +893.3k +893,257
2 LPL Financial LLC 0.42% of their portfolio FORT MILL, SC 16,254,76116.3m $599.8m $599.8m 0.42% Added +920.1k +920,117
3 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 7,982,4038.0m $294.6m $294.6m 0.04% Added +5.1m +5,052,813
4 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.08% of their portfolio SAN FRANCISCO, CA 7,276,3177.3m $268.5m $268.5m 0.08% Added +67.0k +66,985
5 AMERIPRISE FINANCIAL INC 0.07% of their portfolio MINNEAPOLIS, MN 6,501,1496.5m $203.7m $203.7m 0.07% Added +2.2m +2,248,179
6 Valmark Advisers, Inc. 4.00% of their portfolio AKRON, OH 5,226,8405.2m $192.9m $192.9m 4.00% Added +113.2k +113,168
7 Richard Bernstein Advisors LLC 3.14% of their portfolio NEW YORK, NY 3,813,0423.8m $140.7m $140.7m 3.14% New
8 Financial Gravity Asset Management, Inc. 2.97% of their portfolio Lakeway, TX 3,653,7113.7m $263.4m $263.4m 2.97% Added +3.5m +3,504,550
9 Creative Planning 0.17% of their portfolio OVERLAND PARK, KS 3,369,9603.4m $124.4m $124.4m 0.17% Reduced -14.3k -14,325
10 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 3.37% of their portfolio MINNEAPOLIS, MN 3,261,7453.3m $120.4m $120.4m 3.37% Added +303.6k +303,605
11 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 2,668,3672.7m $98.5m $98.5m 0.05% Added +640.6k +640,591
12 Private Advisor Group, LLC 0.76% of their portfolio MORRISTOWN, NJ 2,293,5672.3m $84.6m $84.6m 0.76% Reduced -22.1k -22,117
13 UBS Group AG 0.04% of their portfolio ZURICH, V8 2,213,5992.2m $81.7m $81.7m 0.04% Reduced -1.7k -1,683
14 Crestwood Advisors Group, LLC 1.93% of their portfolio BOSTON, MA 1,989,4072.0m $73.4m $73.4m 1.93% Reduced -8.9k -8,950
15 CW Advisors, LLC 1.41% of their portfolio BOSTON, MA 1,850,6211.9m $68.3m $68.3m 1.41% Added +285.6k +285,572
16 Merit Financial Group, LLC 2.21% of their portfolio ALPHARETTA, GA 1,826,4111.8m $67.4m $67.4m 2.21% Added +8.1k +8,099
17 Syntegra Private Wealth Group, LLC 10.43% of their portfolio Chesterfield, MO 1,800,6941.8m $66.4m $66.4m 10.43% Added +62.3k +62,301
18 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,732,6571.7m $63.9m $63.9m 0.01% Reduced -54.6k -54,579
19 PNC Financial Services Group, Inc. 0.05% of their portfolio Pittsburgh, PA 1,456,7151.5m $53.8m $53.8m 0.05% Reduced -40.8k -40,803
20 Mariner, LLC 0.14% of their portfolio Overland Park, KS 1,445,8671.4m $53.4m $53.4m 0.14% Added +38.6k +38,592
21 Pinnacle Wealth Planning Services, Inc. 8.71% of their portfolio MANSFIELD, OH 1,432,5181.4m $52.9m $52.9m 8.71% Added +31.3k +31,298
22 CWM, LLC 0.30% of their portfolio OMAHA, NE 1,324,7641.3m $48.9m $48.9m 0.30% Added +489.4k +489,434
23 OSAIC HOLDINGS, INC. 0.07% of their portfolio SCOTTSDALE, AZ 1,314,1251.3m $48.5m $48.5m 0.07% Added +165.0k +165,045
24 Stadion Money Management, LLC 3.96% of their portfolio WATKINSVILLE, GA 1,295,6721.3m $47.8m $47.8m 3.96% Reduced -241.6k -241,571
25 ASSETMARK, INC 0.18% of their portfolio CONCORD, CA 1,210,1001.2m $44.7m $44.7m 0.18% Added +461.7k +461,747
26 Obermeyer Wealth Partners 2.89% of their portfolio ASPEN, CO 1,054,3401.1m $38.9m $38.9m 2.89% Added +43.2k +43,248
27 FIDUCIENT ADVISORS LLC 2.12% of their portfolio Chicago, IL 1,018,9931.0m $37.6m $37.6m 2.12% Added +991.4k +991,378
28 Bridgeworth, LLC 4.13% of their portfolio BIRMINGHAM, AL 1,014,4821.0m $37.4m $37.4m 4.13% Added +3.3k +3,342
29 TOWNSQUARE CAPITAL LLC 0.67% of their portfolio Lehi, UT 991,765991.8k $36.6m $36.6m 0.67% Added +61.3k +61,276
30 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 966,935966.9k $35.7m $35.7m 0.00% Added +228.2k +228,215
31 Wealthcare Advisory Partners LLC 1.61% of their portfolio WEST CHESTER, PA 951,519951.5k $35.1m $35.1m 1.61% Added +3.8k +3,791
32 Austin Private Wealth, LLC 5.04% of their portfolio Austin, TX 944,849944.8k $34.9m $34.9m 5.04% Added +1.9k +1,884
33 TRUIST FINANCIAL CORP 0.06% of their portfolio CHARLOTTE, NC 913,574913.6k $33.7m $33.7m 0.06% Added +38.4k +38,439
34 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 888,523888.5k $32.8m $32.8m 0.01% Added +472.0k +471,996
35 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.05% of their portfolio BALA CYNWYD, PA 876,211876.2k $32.3m $32.3m 0.05% Added +823.4k +823,397
36 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 837,397837.4k $30.9m $30.9m 0.01% Reduced -184.1k -184,094
37 Atlas Private Wealth Advisors 5.77% of their portfolio RED BANK, NJ 826,882826.9k $30.5m $30.5m 5.77% Added +226.4k +226,421
38 Capital Analysts, LLC 1.69% of their portfolio FORT WASHINGTON, PA 822,175822.2k $30.3m $30.3m 1.69% Added +22.9k +22,927
39 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 805,948805.9k $29.7m $29.7m 0.06% Added +123.1k +123,135
40 WALLER FINANCIAL PLANNING GROUP, INC 8.60% of their portfolio COLUMBUS, OH 801,230801.2k $29.6m $29.6m 8.60% Reduced -5.9k -5,900
41 DAVENPORT & Co LLC 0.22% of their portfolio RICHMOND, VA 784,817784.8k $29.0m $29.0m 0.22% Added +68.9k +68,872
42 GREAT VALLEY ADVISOR GROUP, INC. 1.17% of their portfolio WILMINGTON, DE 765,635765.6k $28.3m $28.3m 1.17% Added +61.1k +61,131
43 Integrated Wealth Concepts LLC 0.50% of their portfolio WALTHAM, MA 760,746760.7k $28.1m $28.1m 0.50% Reduced -36.5k -36,533
44 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 744,416744.4k $27.5m $27.5m 0.06% Added +20.0k +20,014
45 OneDigital Investment Advisors LLC 0.56% of their portfolio OVERLAND PARK, KS 702,769702.8k $25.9m $25.9m 0.56% Reduced -38.9k -38,891
46 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 683,575683.6k $25.2m $25.2m 0.02% Reduced -12.1k -12,058
47 Cetera Advisor Networks LLC 0.15% of their portfolio EL SEGUNDO, CA 656,224656.2k $24.2m $24.2m 0.15% Added +67.2k +67,203
48 Morningstar Investment Services LLC 0.31% of their portfolio CHICAGO, IL 651,241651.2k $24.2m $24.2m 0.31% Added +1.5k +1,469
49 Peterson Wealth Advisors, LLC 6.09% of their portfolio Orem, UT 614,417614.4k $22.7m $22.7m 6.09% Added +15.4k +15,366
50 Thrivent Financial for Lutherans 0.05% of their portfolio Minneapolis, MN 599,964600.0k $22.2m $22.2m 0.05% Added +182.8k +182,762
51 SPINNAKER TRUST 1.66% of their portfolio PORTLAND, ME 598,601598.6k $22.1m $22.1m 1.66% Added +13.5k +13,502
52 Focus Financial Network, Inc. 1.18% of their portfolio MINNEAPOLIS, MN 565,225565.2k $20.9m $20.9m 1.18% Added +4.4k +4,379
53 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 541,703541.7k $20.0m $20.0m 0.03% Added +32.0k +31,974
54 Good Life Advisors, LLC 2.23% of their portfolio READING, PA 528,128528.1k $19.5m $19.5m 2.23% Added +14.1k +14,071
55 Corient Private Wealth LP 0.05% of their portfolio MIAMI, FL 527,733527.7k $20.2m $20.2m 0.05% Added +45.6k +45,599
56 Gateway Wealth Partners, LLC 3.33% of their portfolio APPLETON, WI 500,681500.7k $18.5m $18.5m 3.33% Reduced -19.6k -19,627
57 Financial Security Advisor, Inc. 7.76% of their portfolio VIRGINIA BEACH, VA 457,335457.3k $16.9m $16.9m 7.76% First filing
58 AE Wealth Management LLC 0.10% of their portfolio TOPEKA, KS 449,837449.8k $16.6m $16.6m 0.10% Added +300.0k +299,956
59 IHT Wealth Management, LLC 0.84% of their portfolio Chicago, IL 446,855446.9k $16.5m $16.5m 0.84% Reduced -13.4k -13,388
60 Cambridge Investment Research Advisors, Inc. 0.08% of their portfolio FAIRFIELD, IA 437,078437.1k $16.1m $16.1m 0.08% Added +56.1k +56,071
61 TEXAS PERMANENT SCHOOL FUND CORP 0.15% of their portfolio AUSTIN, TX 430,749430.7k $15.9m $15.9m 0.15% Reduced -89.3k -89,319
62 Garrett Wealth Advisory Group, LLC 7.14% of their portfolio WEATHERFORD, TX 424,884424.9k $15.7m $15.7m 7.14% Added +17.0k +17,039
63 Banco Santander, S.A. 0.22% of their portfolio Madrid, U3 410,940410.9k $15.2m $15.2m 0.22% Added +104.2k +104,195
64 Kestra Advisory Services, LLC 0.15% of their portfolio AUSTIN, TX 409,551409.6k $15.1m $15.1m 0.15% Added +55.6k +55,649
65 Gerber Kawasaki Wealth & Investment Management 0.99% of their portfolio SANTA MONICA, CA 394,897394.9k $14.6m $14.6m 0.99% Added +80.8k +80,778
66 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 394,214394.2k $14.5m $14.5m 0.02% Reduced -266.8k -266,840
67 Annex Advisory Services, LLC 0.87% of their portfolio BROOKFIELD, WI 391,669391.7k $14.5m $14.5m 0.87% Reduced -72.9k -72,874
68 McNamara Financial Services, Inc. 3.58% of their portfolio MARSHFIELD, MA 389,110389.1k $14.4m $14.4m 3.58% Reduced -1.7k -1,665
69 Equitable Holdings, Inc. 0.20% of their portfolio NEW YORK, NY 385,982386.0k $14.2m $14.2m 0.20% Reduced -174.2k -174,246
70 RVW Wealth, LLC 1.71% of their portfolio LOS ANGELES, CA 384,168384.2k $14.2m $14.2m 1.71% Reduced -31.4k -31,381
71 Dakota Wealth Management 0.62% of their portfolio PALM BEACH GARDENS, FL 377,871377.9k $13.9m $13.9m 0.62% Reduced -17.1k -17,051
72 Envestnet Portfolio Solutions, Inc. 0.07% of their portfolio BERWYN, PA 376,456376.5k $13.9m $13.9m 0.07% First filing
73 MML INVESTORS SERVICES, LLC 0.07% of their portfolio SPRINGFIELD, MA 360,318360.3k $13.3m $13.3m 0.07% Added +45.9k +45,919
74 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 1.17% of their portfolio KNOXVILLE, TN 345,283345.3k $12.7m $12.7m 1.17% Added +161.1k +161,110
75 CARY STREET PARTNERS ASSET MANAGEMENT LLC 2.30% of their portfolio RICHMOND, VA 333,493333.5k $12.3m $12.3m 2.30% New
76 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 319,813319.8k $11.8m $11.8m 0.00% Reduced -11.5k -11,455
77 ALPS ADVISORS INC 0.10% of their portfolio Denver, CO 317,985318.0k $11.7m $11.7m 0.10% New
78 Allworth Financial LP 0.10% of their portfolio FOLSOM, CA 315,887315.9k $11.7m $11.7m 0.10% Added +96.5k +96,463
79 Allen Capital Group, LLC 2.09% of their portfolio GRAND ISLAND, NE 311,349311.3k $11.3m $11.3m 2.09% Added +5.1k +5,074
80 Boston Standard Wealth Management, LLC 3.03% of their portfolio WINCHESTER, MA 311,011311.0k $11.5m $11.5m 3.03% Added +2.9k +2,942
81 Marmo Financial Group, LLC 10.88% of their portfolio Johnson City, TN 310,740310.7k $11.5m $11.5m 10.88% Reduced -4.4k -4,372
82 Trilogy Capital Inc. 0.77% of their portfolio IRVINE, CA 307,550307.6k $11.3m $11.3m 0.77% Added +4.0k +4,016
83 ST GERMAIN D J CO INC 0.64% of their portfolio SPRINGFIELD, MA 307,370307.4k $11.3m $11.3m 0.64% Added +8.7k +8,709
84 RETIREMENT FINANCIAL SOLUTIONS, LLC 7.63% of their portfolio KNOXVILLE, TN 306,880306.9k $11.3m $11.3m 7.63% New
85 Carnegie Investment Counsel 0.42% of their portfolio PEPPER PIKE, OH 293,434293.4k $10.8m $10.8m 0.42% Added +75.9k +75,853
86 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.04% of their portfolio PLYMOUTH, MN 288,336288.3k $10.6m $10.6m 0.04% Added +274.3k +274,313
87 Financial Synergies Wealth Advisors, Inc. 1.51% of their portfolio HOUSTON, TX 283,444283.4k $10.5m $10.5m 1.51% Added +9.3k +9,318
88 Raymond James Financial Services Advisors, Inc. 0.02% of their portfolio ST. PETERSBURG, FL 282,740282.7k $10.4m $10.4m 0.02% Added +12.6k +12,623
89 Leicht Financial Planning & Wealth Management, Inc. 6.39% of their portfolio PARSIPPANY, NJ 280,553280.6k $10.4m $10.4m 6.39% Added +9.5k +9,493
90 Horizon Wealth Management, LLC 4.06% of their portfolio LA GRANGE, IL 273,649273.6k $10.1m $10.1m 4.06% Added +264.8k +264,816
91 Taylor & Morgan Wealth Management, LLC 9.07% of their portfolio TROY, MI 272,824272.8k $10.1m $10.1m 9.07% Reduced -5.6k -5,642
92 Pure Financial Advisors, LLC 0.40% of their portfolio SAN DIEGO, CA 267,948267.9k $9.9m $9.9m 0.40% Reduced -113.5k -113,528
93 Valeo Financial Advisors, LLC 0.44% of their portfolio CARMEL, IN 261,543261.5k $9.7m $9.7m 0.44% Reduced -7.0k -6,989
94 KWB Wealth 1.62% of their portfolio REDLANDS, CA 259,713259.7k $10.1m $10.1m 1.62% Reduced -726 -726
95 Aspire Capital Advisors LLC 4.32% of their portfolio SEATTLE, WA 257,517257.5k $9.5m $9.5m 4.32% Added +21.3k +21,329
96 WBH ADVISORY INC 1.16% of their portfolio BALTIMORE, MD 256,346256.3k $9.5m $9.5m 1.16% Added +15.7k +15,728
97 PARK AVENUE SECURITIES LLC 0.15% of their portfolio NEW YORK, NY 255,137255.1k $9.4m $9.4m 0.15% Added +80.1k +80,106
98 Windsor Capital Management, LLC 3.14% of their portfolio Phoenix, AZ 246,226246.2k $9.1m $9.1m 3.14% Added +441 +441
99 J.P. Morgan Private Wealth Advisors LLC 0.02% of their portfolio SAN FRANCISCO, CA 232,940232.9k $8.6m $8.6m 0.02% Reduced -22.8k -22,767
100 NORTH STAR ASSET MANAGEMENT INC 0.49% of their portfolio NEENAH, WI 232,777232.8k $8.6m $8.6m 0.49% Added +7.9k +7,935