Vault-13

SPDR SER TR SPSM

PORTFOLIO S&P600 · ETP · CUSIP 78468R853

775 institutional holders -4 vs Q4 2023
188,347,861188.3m shares reported held*
$8.1bnreported value*
68 new 330 added 273 reduced 64 sold out net bought ≈ $378.0m (+8.7m 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 ($9.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $43.04. Options: 4 managers hold calls ($3.9m notional), 2 hold puts ($64.6k).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 432Q4 22: 476Q1 23: 476Q2 23: 670Q3 23: 688Q4 23: 779Q1 24: 775775Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022432
Q4 2022476
Q1 2023476
Q2 2023670
Q3 2023688
Q4 2023779
Q1 2024775

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 23Q1 24: 398 bought or addedQ1 24: 337 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022245185
Q1 2023280188
Q2 2023498145
Q3 2023366268
Q4 2023403277
Q1 2024398337

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ2 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 0.08Q1 24 calls: $3.9mQ1 24 puts: $64.6kQ1 24P/C 0.02
Numbers
QuarterCallsPutsP/C
Q2 2023$1.1m$170.9k0.16
Q3 2023$862.0k$208.6k0.24
Q4 2023$3.6m$279.4k0.08
Q1 2024$3.9m$64.6k0.02

Biggest buyers

Betterment LLC Added +13,151,673+13.2m
MORGAN STANLEY Added +3,957,670+4.0m
JPMORGAN CHASE & CO Added +1,495,746+1.5m
LPL Financial LLC Added +887,757+887.8k
Cetera Investment Advisers Added +856,630+856.6k
MBB PUBLIC MARKETS I LLC Added +776,736+776.7k
Financial Engines Advisors L.L.C. Added +473,774+473.8k
United Asset Strategies, Inc. Added +415,766+415.8k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +408,914+408.9k
D. E. Shaw & Co., Inc. New +361,738+361.7k

Biggest sellers

Financial Gravity Asset Management, Inc. Reduced -3,338,971-3.3m
Horizon Investments, LLC Sold out -2,771,853-2.8m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Reduced -1,836,293-1.8m
CLIFTONLARSONALLEN WEALTH ADVISORS, LLC Reduced -1,701,968-1.7m
Cetera Advisor Networks LLC Sold out -790,288-790.3k
AE Wealth Management LLC Reduced -758,494-758.5k
Advance Capital Management, Inc. Reduced -687,941-687.9k
Merit Financial Group, LLC Reduced -568,988-569.0k
Atlas Private Wealth Advisors Reduced -502,762-502.8k
Bank of New York Mellon Corp Reduced -488,512-488.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.2m52.2k shares
CITADEL ADVISORS LLC Added $1.4m32.4k shares
Belvedere Trading LLC New $228.1k5.3k shares
Cutler Group LLC / CA Reduced $3.0k1.8k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $64.6k1.5k shares
Cutler Group LLC / CA Reduced $01.2k 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, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Financial Engines Advisors L.L.C. 2.09% of their portfolio SANTA CLARA, CA 21,570,53621.6m $928.4m $928.4m 2.09% Added +473.8k +473,774
2 LPL Financial LLC 0.40% of their portfolio FORT MILL, SC 17,383,04317.4m $748.2m $748.2m 0.40% Added +887.8k +887,757
3 Betterment LLC 1.52% of their portfolio NEW YORK, NY 13,159,12013.2m $566.4m $566.4m 1.52% Added +13.2m +13,151,673
4 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 9,004,4889.0m $387.6m $387.6m 0.01% Added +4.0m +3,957,670
5 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 6,930,6276.9m $298.3m $298.3m 0.03% Reduced -128.6k -128,586
6 AMERIPRISE FINANCIAL INC 0.07% of their portfolio MINNEAPOLIS, MN 6,142,9586.1m $264.5m $264.5m 0.07% Reduced -14.6k -14,594
7 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio SAN FRANCISCO, CA 5,503,0315.5m $236.9m $236.9m 0.05% Reduced -1.8m -1,836,293
8 Valmark Advisers, Inc. 4.08% of their portfolio AKRON, OH 5,449,2095.4m $234.5m $234.5m 4.08% Added +221.8k +221,780
9 Richard Bernstein Advisors LLC 3.25% of their portfolio NEW YORK, NY 3,516,9273.5m $151.4m $151.4m 3.25% Reduced -105.8k -105,838
10 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 3,208,6823.2m $138.1m $138.1m 0.05% Reduced -354.5k -354,538
11 Creative Planning 0.15% of their portfolio OVERLAND PARK, KS 3,203,6343.2m $137.9m $137.9m 0.15% Reduced -129.8k -129,801
12 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 2,824,8442.8m $121.6m $121.6m 0.01% Added +1.5m +1,495,746
13 Private Advisor Group, LLC 0.70% of their portfolio MORRISTOWN, NJ 2,250,6532.3m $96.9m $96.9m 0.70% Added +61.6k +61,577
14 UBS Group AG 0.03% of their portfolio ZURICH, V8 2,235,1842.2m $96.2m $96.2m 0.03% Added +30.8k +30,767
15 CWM, LLC 0.46% of their portfolio OMAHA, NE 2,197,8392.2m $94.6m $94.6m 0.46% Added +154.8k +154,837
16 Crestwood Advisors Group, LLC 1.98% of their portfolio BOSTON, MA 2,105,1022.1m $90.6m $90.6m 1.98% Added +51.2k +51,201
17 PNC Financial Services Group, Inc. 0.06% of their portfolio Pittsburgh, PA 1,921,8991.9m $82.7m $82.7m 0.06% Added +2.2k +2,157
18 CW Advisors, LLC 1.38% of their portfolio BOSTON, MA 1,861,4061.9m $80.1m $80.1m 1.38% Added +3.5k +3,508
19 Stadion Money Management, LLC 4.97% of their portfolio WATKINSVILLE, GA 1,781,1561.8m $76.7m $76.7m 4.97% Added +33.1k +33,104
20 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 1.63% of their portfolio MINNEAPOLIS, MN 1,665,6351.7m $71.7m $71.7m 1.63% Reduced -1.7m -1,701,968
21 OSAIC HOLDINGS, INC. 0.15% of their portfolio SCOTTSDALE, AZ 1,539,9011.5m $66.3m $66.3m 0.15% Added +178.5k +178,452
22 Mariner, LLC 0.13% of their portfolio Overland Park, KS 1,484,1701.5m $63.9m $63.9m 0.13% Reduced -18.1k -18,128
23 Pinnacle Wealth Planning Services, Inc. 8.90% of their portfolio MANSFIELD, OH 1,412,0591.4m $60.8m $60.8m 8.90% Added +42.0k +41,968
24 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,372,3311.4m $59.1m $59.1m 0.01% Added +145.6k +145,597
25 MBB PUBLIC MARKETS I LLC 3.67% of their portfolio CHICAGO, IL 1,335,1411.3m $57.5m $57.5m 3.67% Added +776.7k +776,736
26 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,289,4901.3m $55.5m $55.5m 0.00% Reduced -395.1k -395,092
27 Merit Financial Group, LLC 1.26% of their portfolio ALPHARETTA, GA 1,270,3191.3m $53.0m $53.0m 1.26% Reduced -569.0k -568,988
28 Morningstar Investment Services LLC 0.58% of their portfolio CHICAGO, IL 1,238,0631.2m $53.0m $53.0m 0.58% Reduced -58.5k -58,533
29 TOWNSQUARE CAPITAL LLC 0.76% of their portfolio Lehi, UT 1,210,5951.2m $52.1m $52.1m 0.76% Added +56.2k +56,225
30 Elo Mutual Pension Insurance Co 1.19% of their portfolio ESPOO, H9 1,174,6061.2m $50.6m $50.6m 1.19% Reduced -259.8k -259,774
31 Wealthcare Advisory Partners LLC 1.63% of their portfolio WEST CHESTER, PA 1,152,2191.2m $49.6m $49.6m 1.63% Added +195.4k +195,365
32 GREAT VALLEY ADVISOR GROUP, INC. 1.48% of their portfolio WILMINGTON, DE 1,134,8011.1m $48.8m $48.8m 1.48% Added +312.7k +312,736
33 HighTower Advisors, LLC 0.08% of their portfolio CHICAGO, IL 1,101,2891.1m $47.4m $47.4m 0.08% Added +59.1k +59,127
34 MIDLAND WEALTH ADVISORS, LLC 2.77% of their portfolio EFFINGHAM, IL 1,044,2621.0m $44.9m $44.9m 2.77% Added +70.8k +70,773
35 Cetera Investment Advisers 0.10% of their portfolio SCHAUMBURG, IL 1,017,0951.0m $43.8m $43.8m 0.10% Added +856.6k +856,630
36 ASSETMARK, INC 0.13% of their portfolio CONCORD, CA 960,836960.8k $41.4m $41.4m 0.13% Reduced -63.0k -62,996
37 TRUIST FINANCIAL CORP 0.06% of their portfolio CHARLOTTE, NC 927,046927.0k $39.9m $39.9m 0.06% Added +4.3k +4,287
38 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.04% of their portfolio MILWAUKEE, WI 920,102920.1k $39.6m $39.6m 0.04% Added +408.9k +408,914
39 DAVENPORT & Co LLC 0.24% of their portfolio RICHMOND, VA 897,965898.0k $38.6m $38.6m 0.24% Added +66.4k +66,390
40 Capital Analysts, LLC 1.80% of their portfolio FORT WASHINGTON, PA 896,906896.9k $38.6m $38.6m 1.80% Added +58.3k +58,259
41 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 892,668892.7k $38.4m $38.4m 0.01% Reduced -204.9k -204,895
42 Austin Private Wealth, LLC 4.03% of their portfolio Austin, TX 832,246832.2k $35.0m $35.0m 4.03% Reduced -33.2k -33,199
43 WALLER FINANCIAL PLANNING GROUP, INC 9.19% of their portfolio COLUMBUS, OH 801,325801.3k $34.5m $34.5m 9.19% Reduced -5.2k -5,174
44 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 793,264793.3k $34.1m $34.1m 0.02% Added +139.5k +139,521
45 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 777,317777.3k $33.5m $33.5m 0.06% Added +19.3k +19,337
46 Obermeyer Wealth Partners 1.92% of their portfolio ASPEN, CO 756,957757.0k $32.6m $32.6m 1.92% Reduced -305.1k -305,085
47 SPINNAKER TRUST 1.95% of their portfolio PORTLAND, ME 700,422700.4k $30.1m $30.1m 1.95% Added +87.3k +87,264
48 Atlas Private Wealth Advisors 9.68% of their portfolio RED BANK, NJ 673,308673.3k $29.0m $29.0m 9.68% Reduced -502.8k -502,762
49 Integrated Wealth Concepts LLC 0.41% of their portfolio WALTHAM, MA 654,031654.0k $28.1m $28.1m 0.41% Reduced -22.0k -22,039
50 Peterson Wealth Advisors, LLC 5.93% of their portfolio Orem, UT 648,291648.3k $27.9m $27.9m 5.93% Added +9.8k +9,780
51 Financial Gravity Asset Management, Inc. 3.55% of their portfolio Lakeway, TX 620,568620.6k $26.4m $26.4m 3.55% Reduced -3.3m -3,338,971
52 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.07% of their portfolio PLYMOUTH, MN 616,678616.7k $26.5m $26.5m 0.07% Added +183.9k +183,882
53 Envestnet Portfolio Solutions, Inc. 0.10% of their portfolio BERWYN, PA 593,914593.9k $25.6m $25.6m 0.10% Added +36.2k +36,173
54 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 586,602586.6k $25.2m $25.2m 0.03% Added +10.2k +10,205
55 Focus Financial Network, Inc. 1.11% of their portfolio MINNEAPOLIS, MN 570,674570.7k $22.7m $22.7m 1.11% First filing
56 Corient Private Wealth LP 0.04% of their portfolio MIAMI, FL 548,614548.6k $23.6m $23.6m 0.04% Added +10.2k +10,199
57 Gerber Kawasaki Wealth & Investment Management 1.24% of their portfolio SANTA MONICA, CA 532,613532.6k $22.9m $22.9m 1.24% Added +76.3k +76,339
58 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 1.80% of their portfolio KNOXVILLE, TN 528,540528.5k $22.7m $22.7m 1.80% Added +68.7k +68,716
59 Dakota Wealth Management 0.56% of their portfolio PALM BEACH GARDENS, FL 523,323523.3k $22.5m $22.5m 0.56% Added +73.3k +73,314
60 OneDigital Investment Advisors LLC 0.33% of their portfolio OVERLAND PARK, KS 495,360495.4k $21.3m $21.3m 0.33% Reduced -38.1k -38,079
61 Thrivent Financial for Lutherans 0.04% of their portfolio Minneapolis, MN 483,052483.1k $20.8m $20.8m 0.04% Reduced -168.5k -168,504
62 Good Life Advisors, LLC 1.84% of their portfolio READING, PA 482,298482.3k $20.8m $20.8m 1.84% Reduced -7.5k -7,536
63 Equitable Holdings, Inc. 0.23% of their portfolio NEW YORK, NY 480,540480.5k $20.7m $20.7m 0.23% Added +81.1k +81,147
64 JNBA Financial Advisors 2.05% of their portfolio BLOOMINGTON, MN 453,188453.2k $19.5m $19.5m 2.05% Added +258.9k +258,888
65 Financial Security Advisor, Inc. 6.80% of their portfolio VIRGINIA BEACH, VA 451,747451.7k $19.4m $19.4m 6.80% Reduced -5.9k -5,866
66 Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio FAIRFIELD, IA 441,016441.0k $19.0m $19.0m 0.07% Added +6.8k +6,802
67 United Asset Strategies, Inc. 1.83% of their portfolio GARDEN CITY, NY 426,017426.0k $18.3m $18.3m 1.83% Added +415.8k +415,766
68 MML INVESTORS SERVICES, LLC 0.07% of their portfolio SPRINGFIELD, MA 413,405413.4k $17.8m $17.8m 0.07% Added +8.8k +8,815
69 IHT Wealth Management, LLC 0.70% of their portfolio Chicago, IL 403,541403.5k $17.4m $17.4m 0.70% Reduced -20.5k -20,484
70 Garrett Wealth Advisory Group, LLC 6.92% of their portfolio WEATHERFORD, TX 392,548392.5k $16.9m $16.9m 6.92% Added +2.6k +2,611
71 McNamara Financial Services, Inc. 3.57% of their portfolio MARSHFIELD, MA 387,461387.5k $16.7m $16.7m 3.57% Reduced -1.1k -1,136
72 RETIREMENT FINANCIAL SOLUTIONS, LLC 8.22% of their portfolio KNOXVILLE, TN 371,346371.3k $16.0m $16.0m 8.22% Added +34.7k +34,689
73 Leicht Financial Planning & Wealth Management, Inc. 8.65% of their portfolio PARSIPPANY, NJ 366,749366.7k $15.8m $15.8m 8.65% Added +88.0k +88,015
74 Fox Financial, Inc 14.15% of their portfolio WYOMISSING, PA 362,876362.9k $15.6m $15.6m 14.15% Reduced -2.1k -2,114
75 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 361,738361.7k $15.6m $15.6m 0.02% New
76 ST GERMAIN D J CO INC 0.76% of their portfolio SPRINGFIELD, MA 360,329360.3k $15.5m $15.5m 0.76% Added +22.9k +22,878
77 OneAscent Financial Services LLC 1.68% of their portfolio BIRMINGHAM, AL 353,506353.5k $15.2m $15.2m 1.68% Reduced -81.0k -80,954
78 Trilogy Capital Inc. 0.83% of their portfolio IRVINE, CA 337,042337.0k $14.5m $14.5m 0.83% Added +7.8k +7,793
79 Boston Standard Wealth Management, LLC 3.20% of their portfolio WINCHESTER, MA 328,317328.3k $14.1m $14.1m 3.20% Added +17.3k +17,306
80 Allen Capital Group, LLC 2.03% of their portfolio GRAND ISLAND, NE 324,505324.5k $14.0m $14.0m 2.03% Added +3.6k +3,591
81 Carnegie Investment Counsel 0.43% of their portfolio PEPPER PIKE, OH 323,815323.8k $13.9m $13.9m 0.43% Added +10.7k +10,702
82 Raymond James Financial Services Advisors, Inc. 0.02% of their portfolio ST. PETERSBURG, FL 322,188322.2k $13.9m $13.9m 0.02% Reduced -362.7k -362,740
83 ALPS ADVISORS INC 0.10% of their portfolio Denver, CO 320,395320.4k $13.8m $13.8m 0.10% Reduced -3.0k -3,000
84 Marmo Financial Group, LLC 8.37% of their portfolio Johnson City, TN 319,805319.8k $13.8m $13.8m 8.37% Added +16.1k +16,067
85 Avior Wealth Management, LLC 0.63% of their portfolio OMAHA, NE 315,233315.2k $13.6m $13.6m 0.63% Added +43.0k +43,042
86 Valeo Financial Advisors, LLC 0.46% of their portfolio CARMEL, IN 311,131311.1k $12.8m $12.8m 0.46% Reduced -3.2k -3,203
87 BERKSHIRE ASSET MANAGEMENT LLC/PA 0.71% of their portfolio WILKES BARRE, PA 309,725309.7k $13.3m $13.3m 0.71% Added +34.4k +34,443
88 RVW Wealth, LLC 1.36% of their portfolio LOS ANGELES, CA 308,299308.3k $13.3m $13.3m 1.36% Reduced -26.7k -26,724
89 Stratos Wealth Partners, LTD. 0.22% of their portfolio BEACHWOOD, OH 303,691303.7k $13.1m $13.1m 0.22% Added +36.1k +36,094
90 CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.55% of their portfolio RICHMOND, VA 302,749302.7k $13.0m $13.0m 0.55% Added +77.4k +77,378
91 FLAGSHIP HARBOR ADVISORS, LLC 0.81% of their portfolio BOSTON, MA 294,132294.1k $12.7m $12.7m 0.81% Added +54.9k +54,909
92 TEXAS PERMANENT SCHOOL FUND CORP 0.09% of their portfolio AUSTIN, TX 279,184279.2k $12.0m $12.0m 0.09% Reduced -116.1k -116,100
93 Taylor & Morgan Wealth Management, LLC 8.75% of their portfolio TROY, MI 276,884276.9k $11.9m $11.9m 8.75% Added +7.8k +7,773
94 CARY STREET PARTNERS ASSET MANAGEMENT LLC 1.82% of their portfolio RICHMOND, VA 273,072273.1k $11.8m $11.8m 1.82% Reduced -65.1k -65,096
95 Pure Financial Advisors, LLC 0.37% of their portfolio SAN DIEGO, CA 271,296271.3k $11.7m $11.7m 0.37% Reduced -4.8k -4,772
96 NORTH STAR ASSET MANAGEMENT INC 0.55% of their portfolio NEENAH, WI 270,312270.3k $11.6m $11.6m 0.55% Added +17.8k +17,819
97 PARK AVENUE SECURITIES LLC 0.15% of their portfolio NEW YORK, NY 270,297270.3k $11.6m $11.6m 0.15% Added +8.4k +8,351
98 KWB Wealth 1.55% of their portfolio REDLANDS, CA 267,966268.0k $11.5m $11.5m 1.55% Reduced -5.7k -5,674
99 Geneos Wealth Management Inc. 0.52% of their portfolio ENGLEWOOD, CO 264,503264.5k $11.4m $11.4m 0.52% Added +18.7k +18,730
100 WBH ADVISORY INC 1.15% of their portfolio BALTIMORE, MD 260,091260.1k $11.2m $11.2m 1.15% Added +19.1k +19,142