Vault-13

SPDR SER TR SPSM

PORTFOLIO S&P600 · ETP · CUSIP 78468R853

779 institutional holders +91 vs Q3 2023
180,982,580181.0m shares reported held*
$7.7bnreported value*
80 new 323 added 235 reduced 42 sold out net bought ≈ $647.9m (+15.3m 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 ($11.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $42.76. Options: 3 managers hold calls ($3.6m notional), 2 hold puts ($279.4k).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 432Q4 22: 476Q1 23: 476Q2 23: 670Q3 23: 688Q4 23: 779779Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022432
Q4 2022476
Q1 2023476
Q2 2023670
Q3 2023688
Q4 2023779

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 23Q4 23: 403 bought or addedQ4 23: 277 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022245185
Q1 2023280188
Q2 2023498145
Q3 2023366268
Q4 2023403277

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ1 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 0.24Q4 23 calls: $3.6mQ4 23 puts: $279.4kQ4 23P/C 0.08
Numbers
QuarterCallsPutsP/C
Q1 2023$808.5k$26.4k0.03
Q2 2023$1.1m$170.9k0.16
Q3 2023$862.0k$208.6k0.24
Q4 2023$3.6m$279.4k0.08

Biggest buyers

MORGAN STANLEY Added +3,314,161+3.3m
Horizon Investments, LLC New +2,771,853+2.8m
Elo Mutual Pension Insurance Co New +1,434,380+1.4m
JPMORGAN CHASE & CO Added +1,009,285+1.0m
ENVESTNET ASSET MANAGEMENT INC Added +894,853+894.9k
CWM, LLC Added +718,238+718.2k
STATE STREET CORP Added +717,647+717.6k
Advance Capital Management, Inc. New +700,711+700.7k
Morningstar Investment Services LLC Added +645,355+645.4k
MBB PUBLIC MARKETS I LLC New +558,405+558.4k

Biggest sellers

Syntegra Private Wealth Group, LLC Reduced -1,795,625-1.8m
FIDUCIENT ADVISORS LLC Sold out -1,018,993-1.0m
BANK OF AMERICA CORP /DE/ Reduced -923,190-923.2k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -870,627-870.6k
Gateway Wealth Partners, LLC Reduced -431,152-431.2k
AMERIPRISE FINANCIAL INC Reduced -343,597-343.6k
Horizon Wealth Management, LLC Reduced -264,790-264.8k
Richard Bernstein Advisors LLC Reduced -190,277-190.3k
ASSETMARK, INC Reduced -186,268-186.3k
OneDigital Investment Advisors LLC Reduced -169,330-169.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.2m75.3k shares
CITADEL ADVISORS LLC Reduced $371.2k8.8k shares
Cutler Group LLC / CA Added $10.0k3.9k shares

Biggest puts

CITADEL ADVISORS LLC Added $278.4k6.6k shares
Cutler Group LLC / CA Reduced $1.0k2.8k 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Financial Engines Advisors L.L.C. 2.10% of their portfolio SANTA CLARA, CA 21,096,76221.1m $889.9m $889.9m 2.10% Added +479.4k +479,446
2 LPL Financial LLC 0.42% of their portfolio FORT MILL, SC 16,495,28616.5m $695.8m $695.8m 0.42% Added +240.5k +240,525
3 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.08% of their portfolio SAN FRANCISCO, CA 7,339,3247.3m $309.6m $309.6m 0.08% Added +63.0k +63,007
4 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 7,059,2137.1m $297.8m $297.8m 0.03% Reduced -923.2k -923,190
5 AMERIPRISE FINANCIAL INC 0.08% of their portfolio MINNEAPOLIS, MN 6,157,5526.2m $259.7m $259.7m 0.08% Reduced -343.6k -343,597
6 Valmark Advisers, Inc. 4.13% of their portfolio AKRON, OH 5,227,4295.2m $220.5m $220.5m 4.13% Added +589 +589
7 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 5,046,8185.0m $212.9m $212.9m 0.01% Added +3.3m +3,314,161
8 Financial Gravity Asset Management, Inc. 3.02% of their portfolio Lakeway, TX 3,959,5394.0m $271.7m $271.7m 3.02% Added +305.8k +305,828
9 Richard Bernstein Advisors LLC 3.39% of their portfolio NEW YORK, NY 3,622,7653.6m $152.8m $152.8m 3.39% Reduced -190.3k -190,277
10 ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio Berwyn, PA 3,563,2203.6m $150.3m $150.3m 0.06% Added +894.9k +894,853
11 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 3.53% of their portfolio MINNEAPOLIS, MN 3,367,6033.4m $142.0m $142.0m 3.53% Added +105.9k +105,858
12 Creative Planning 0.26% of their portfolio OVERLAND PARK, KS 3,333,4353.3m $140.6m $140.6m 0.26% Reduced -36.5k -36,525
13 Horizon Investments, LLC 3.25% of their portfolio Charlotte, NC 2,771,8532.8m $116.9m $116.9m 3.25% New
14 UBS Group AG 0.04% of their portfolio ZURICH, V8 2,204,4172.2m $93.0m $93.0m 0.04% Reduced -9.2k -9,182
15 Private Advisor Group, LLC 0.72% of their portfolio MORRISTOWN, NJ 2,189,0762.2m $92.3m $92.3m 0.72% Reduced -104.5k -104,491
16 Crestwood Advisors Group, LLC 2.02% of their portfolio BOSTON, MA 2,053,9012.1m $86.6m $86.6m 2.02% Added +64.5k +64,494
17 CWM, LLC 0.46% of their portfolio OMAHA, NE 2,043,0022.0m $86.2m $86.2m 0.46% Added +718.2k +718,238
18 PNC Financial Services Group, Inc. 0.06% of their portfolio Pittsburgh, PA 1,919,7421.9m $81.0m $81.0m 0.06% Added +463.0k +463,027
19 CW Advisors, LLC 1.44% of their portfolio BOSTON, MA 1,857,8981.9m $78.4m $78.4m 1.44% Added +7.3k +7,277
20 Merit Financial Group, LLC 2.36% of their portfolio ALPHARETTA, GA 1,839,3071.8m $77.6m $77.6m 2.36% Added +12.9k +12,896
21 Stadion Money Management, LLC 4.88% of their portfolio WATKINSVILLE, GA 1,748,0521.7m $73.7m $73.7m 4.88% Added +452.4k +452,380
22 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,684,5821.7m $71.1m $71.1m 0.00% Added +717.6k +717,647
23 Mariner, LLC 0.15% of their portfolio Overland Park, KS 1,502,2981.5m $63.4m $63.4m 0.15% Added +56.4k +56,431
24 Elo Mutual Pension Insurance Co 1.63% of their portfolio ESPOO, H9 1,434,3801.4m $60.5m $60.5m 1.63% New
25 Pinnacle Wealth Planning Services, Inc. 9.08% of their portfolio MANSFIELD, OH 1,370,0911.4m $57.8m $57.8m 9.08% Reduced -62.4k -62,427
26 OSAIC HOLDINGS, INC. 0.10% of their portfolio SCOTTSDALE, AZ 1,361,4491.4m $57.4m $57.4m 0.10% Added +47.3k +47,324
27 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,329,0981.3m $56.1m $56.1m 0.00% Added +1.0m +1,009,285
28 Morningstar Investment Services LLC 0.31% of their portfolio CHICAGO, IL 1,296,5961.3m $55.4m $55.4m 0.31% Added +645.4k +645,355
29 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,226,7341.2m $51.7m $51.7m 0.01% Added +338.2k +338,211
30 Atlas Private Wealth Advisors 9.22% of their portfolio RED BANK, NJ 1,176,0701.2m $49.6m $49.6m 9.22% Added +349.2k +349,188
31 TOWNSQUARE CAPITAL LLC 0.83% of their portfolio Lehi, UT 1,154,3701.2m $48.7m $48.7m 0.83% Added +162.6k +162,605
32 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,097,5631.1m $46.3m $46.3m 0.01% Added +260.2k +260,166
33 Obermeyer Wealth Partners 3.06% of their portfolio ASPEN, CO 1,062,0421.1m $44.8m $44.8m 3.06% Added +7.7k +7,702
34 HighTower Advisors, LLC 0.07% of their portfolio CHICAGO, IL 1,042,1621.0m $43.9m $43.9m 0.07% Added +236.2k +236,214
35 ASSETMARK, INC 0.16% of their portfolio CONCORD, CA 1,023,8321.0m $43.2m $43.2m 0.16% Reduced -186.3k -186,268
36 Bridgeworth, LLC 4.24% of their portfolio BIRMINGHAM, AL 1,015,4641.0m $42.8m $42.8m 4.24% Added +982 +982
37 MIDLAND WEALTH ADVISORS, LLC 2.81% of their portfolio EFFINGHAM, IL 973,489973.5k $41.1m $41.1m 2.81% First filing
38 Wealthcare Advisory Partners LLC 1.60% of their portfolio WEST CHESTER, PA 956,854956.9k $40.4m $40.4m 1.60% Added +5.3k +5,335
39 TRUIST FINANCIAL CORP 0.06% of their portfolio CHARLOTTE, NC 922,759922.8k $38.9m $38.9m 0.06% Added +9.2k +9,185
40 Austin Private Wealth, LLC 4.61% of their portfolio Austin, TX 865,445865.4k $36.5m $36.5m 4.61% Reduced -79.4k -79,404
41 Capital Analysts, LLC 1.78% of their portfolio FORT WASHINGTON, PA 838,647838.6k $35.4m $35.4m 1.78% Added +16.5k +16,472
42 DAVENPORT & Co LLC 0.24% of their portfolio RICHMOND, VA 831,575831.6k $35.1m $35.1m 0.24% Added +46.8k +46,758
43 GREAT VALLEY ADVISOR GROUP, INC. 1.22% of their portfolio WILMINGTON, DE 822,065822.1k $34.7m $34.7m 1.22% Added +56.4k +56,430
44 AE Wealth Management LLC 0.17% of their portfolio TOPEKA, KS 815,939815.9k $33.7m $33.7m 0.17% Added +366.1k +366,102
45 WALLER FINANCIAL PLANNING GROUP, INC 8.94% of their portfolio COLUMBUS, OH 806,499806.5k $34.0m $34.0m 8.94% Added +5.3k +5,269
46 Cetera Advisor Networks LLC 0.19% of their portfolio EL SEGUNDO, CA 790,288790.3k $33.3m $33.3m 0.19% Added +134.1k +134,064
47 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 757,980758.0k $32.0m $32.0m 0.06% Added +13.6k +13,564
48 Advance Capital Management, Inc. 2.34% of their portfolio SOUTHFIELD, MI 700,711700.7k $29.6m $29.6m 2.34% New
49 Raymond James Financial Services Advisors, Inc. 0.05% of their portfolio ST. PETERSBURG, FL 684,928684.9k $28.9m $28.9m 0.05% Added +402.2k +402,188
50 Integrated Wealth Concepts LLC 0.47% of their portfolio WALTHAM, MA 676,070676.1k $28.5m $28.5m 0.47% Reduced -84.7k -84,676
51 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 653,743653.7k $27.6m $27.6m 0.02% Reduced -29.8k -29,832
52 Thrivent Financial for Lutherans 0.06% of their portfolio Minneapolis, MN 651,556651.6k $27.5m $27.5m 0.06% Added +51.6k +51,592
53 Peterson Wealth Advisors, LLC 6.39% of their portfolio Orem, UT 638,511638.5k $26.9m $26.9m 6.39% Added +24.1k +24,094
54 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 625,634625.6k $26.4m $26.4m 0.01% Added +475.4k +475,381
55 SPINNAKER TRUST 1.76% of their portfolio PORTLAND, ME 613,158613.2k $25.9m $25.9m 1.76% Added +14.6k +14,557
56 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 576,397576.4k $24.3m $24.3m 0.03% Added +34.7k +34,694
57 MBB PUBLIC MARKETS I LLC 1.45% of their portfolio CHICAGO, IL 558,405558.4k $23.6m $23.6m 1.45% New
58 Envestnet Portfolio Solutions, Inc. 0.10% of their portfolio BERWYN, PA 557,741557.7k $23.5m $23.5m 0.10% Added +181.3k +181,285
59 FOCUS FINANCIAL NETWORK INC /ADV 0.88% of their portfolio Minneapolis, MN 556,863556.9k $23.5m $23.5m 0.88% First filing
60 Corient Private Wealth LP 0.04% of their portfolio MIAMI, FL 538,415538.4k $22.7m $22.7m 0.04% Added +10.7k +10,682
61 OneDigital Investment Advisors LLC 0.39% of their portfolio OVERLAND PARK, KS 533,439533.4k $22.5m $22.5m 0.39% Reduced -169.3k -169,330
62 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 511,188511.2k $21.6m $21.6m 0.02% Added +117.0k +116,974
63 Good Life Advisors, LLC 2.04% of their portfolio READING, PA 489,834489.8k $20.7m $20.7m 2.04% Reduced -38.3k -38,294
64 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 1.65% of their portfolio KNOXVILLE, TN 459,824459.8k $19.4m $19.4m 1.65% Added +114.5k +114,541
65 Financial Security Advisor, Inc. 7.58% of their portfolio VIRGINIA BEACH, VA 457,613457.6k $19.3m $19.3m 7.58% Added +278 +278
66 Gerber Kawasaki Wealth & Investment Management 1.15% of their portfolio SANTA MONICA, CA 456,274456.3k $19.2m $19.2m 1.15% Added +61.4k +61,377
67 Kestra Advisory Services, LLC 0.16% of their portfolio AUSTIN, TX 455,984456.0k $19.2m $19.2m 0.16% Added +46.4k +46,433
68 Dakota Wealth Management 0.74% of their portfolio PALM BEACH GARDENS, FL 450,009450.0k $19.0m $19.0m 0.74% Added +72.1k +72,138
69 OneAscent Financial Services LLC 2.27% of their portfolio BIRMINGHAM, AL 434,460434.5k $18.3m $18.3m 2.27% New
70 Cambridge Investment Research Advisors, Inc. 0.08% of their portfolio FAIRFIELD, IA 434,214434.2k $18.3m $18.3m 0.08% Reduced -2.9k -2,864
71 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.05% of their portfolio PLYMOUTH, MN 432,796432.8k $18.3m $18.3m 0.05% Added +144.5k +144,460
72 IHT Wealth Management, LLC 0.80% of their portfolio Chicago, IL 424,025424.0k $17.9m $17.9m 0.80% Reduced -22.8k -22,830
73 Banco Santander, S.A. 0.20% of their portfolio Madrid, U3 410,940410.9k $17.3m $17.3m 0.20% Unchanged
74 MML INVESTORS SERVICES, LLC 0.08% of their portfolio SPRINGFIELD, MA 404,590404.6k $17.1m $17.1m 0.08% Added +44.3k +44,272
75 Equitable Holdings, Inc. 0.21% of their portfolio NEW YORK, NY 399,393399.4k $16.8m $16.8m 0.21% Added +13.4k +13,411
76 TEXAS PERMANENT SCHOOL FUND CORP 0.14% of their portfolio AUSTIN, TX 395,284395.3k $16.7m $16.7m 0.14% Reduced -35.5k -35,465
77 Garrett Wealth Advisory Group, LLC 6.85% of their portfolio WEATHERFORD, TX 389,937389.9k $16.4m $16.4m 6.85% Reduced -34.9k -34,947
78 McNamara Financial Services, Inc. 3.67% of their portfolio MARSHFIELD, MA 388,597388.6k $16.4m $16.4m 3.67% Reduced -513 -513
79 Kaydan Wealth Management, Inc. 6.34% of their portfolio FENTON, MI 369,645369.6k $15.6m $15.6m 6.34% New
80 Fox Financial, Inc 14.74% of their portfolio WYOMISSING, PA 364,990365.0k $15.4m $15.4m 14.74% First filing
81 1900 WEALTH MANAGEMENT LLC 1.32% of their portfolio SAN ANTONIO, TX 341,243341.2k $14.4m $14.4m 1.32% Added +171.3k +171,298
82 CARY STREET PARTNERS ASSET MANAGEMENT LLC 2.45% of their portfolio RICHMOND, VA 338,168338.2k $14.3m $14.3m 2.45% Added +4.7k +4,675
83 ST GERMAIN D J CO INC 0.74% of their portfolio SPRINGFIELD, MA 337,451337.5k $14.2m $14.2m 0.74% Added +30.1k +30,081
84 RETIREMENT FINANCIAL SOLUTIONS, LLC 8.05% of their portfolio KNOXVILLE, TN 336,657336.7k $14.2m $14.2m 8.05% Added +29.8k +29,777
85 RVW Wealth, LLC 1.55% of their portfolio LOS ANGELES, CA 335,023335.0k $14.1m $14.1m 1.55% Reduced -49.1k -49,145
86 Trilogy Capital Inc. 0.86% of their portfolio IRVINE, CA 329,249329.2k $13.9m $13.9m 0.86% Added +21.7k +21,699
87 ALPS ADVISORS INC 0.11% of their portfolio Denver, CO 323,395323.4k $13.6m $13.6m 0.11% Added +5.4k +5,410
88 Allen Capital Group, LLC 2.24% of their portfolio GRAND ISLAND, NE 320,914320.9k $13.5m $13.5m 2.24% Added +9.6k +9,565
89 Valeo Financial Advisors, LLC 0.54% of their portfolio CARMEL, IN 314,334314.3k $13.3m $13.3m 0.54% Added +52.8k +52,791
90 Carnegie Investment Counsel 0.45% of their portfolio PEPPER PIKE, OH 313,113313.1k $13.2m $13.2m 0.45% Added +19.7k +19,679
91 Boston Standard Wealth Management, LLC 3.03% of their portfolio WINCHESTER, MA 311,011311.0k $11.5m $11.5m 3.03% Unchanged
92 Marmo Financial Group, LLC 9.73% of their portfolio Johnson City, TN 303,738303.7k $12.8m $12.8m 9.73% Reduced -7.0k -7,002
93 Leicht Financial Planning & Wealth Management, Inc. 6.74% of their portfolio PARSIPPANY, NJ 278,734278.7k $11.8m $11.8m 6.74% Reduced -1.8k -1,819
94 Pure Financial Advisors, LLC 0.40% of their portfolio SAN DIEGO, CA 276,068276.1k $11.6m $11.6m 0.40% Added +8.1k +8,120
95 Financial Insights, Inc. 3.64% of their portfolio TACOMA, WA 275,768275.8k $11.6m $11.6m 3.64% Added +83.4k +83,440
96 BERKSHIRE ASSET MANAGEMENT LLC/PA 0.66% of their portfolio WILKES BARRE, PA 275,282275.3k $11.6m $11.6m 0.66% Added +43.8k +43,823
97 KWB Wealth 1.67% of their portfolio REDLANDS, CA 273,640273.6k $11.5m $11.5m 1.67% Added +13.9k +13,927
98 Avior Wealth Management, LLC 0.70% of their portfolio OMAHA, NE 272,191272.2k $11.5m $11.5m 0.70% Added +102.9k +102,934
99 Financial Synergies Wealth Advisors, Inc. 1.55% of their portfolio HOUSTON, TX 270,561270.6k $10.0m $10.0m 1.55% Reduced -12.9k -12,883
100 Taylor & Morgan Wealth Management, LLC 9.03% of their portfolio TROY, MI 269,111269.1k $11.4m $11.4m 9.03% Reduced -3.7k -3,713