Vault-13

SPDR SER TR SPSM

PORTFOLIO S&P600 · ETP · CUSIP 78468R853

932 institutional holders +78 vs Q3 2024
205,925,231205.9m shares reported held*
$9.3bnreported value*
70 new 413 added 265 reduced 54 sold out net bought ≈ $383.3m (+8.5m 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 ($18.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $44.97. Options: 2 managers hold calls ($4.2m notional), 2 hold puts ($592.9k).

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 432Q4 22: 476Q1 23: 476Q2 23: 670Q3 23: 688Q4 23: 779Q1 24: 775Q2 24: 812Q3 24: 854Q4 24: 932932Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 2022432
Q4 2022476
Q1 2023476
Q2 2023670
Q3 2023688
Q4 2023779
Q1 2024775
Q2 2024812
Q3 2024854
Q4 2024932

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q1 23: 280 bought or addedQ1 23: 188 cut or sold outQ2 23: 498 bought or addedQ2 23: 145 cut or sold outQ2 23Q3 23: 366 bought or addedQ3 23: 268 cut or sold outQ4 23: 403 bought or addedQ4 23: 277 cut or sold outQ4 23Q1 24: 398 bought or addedQ1 24: 337 cut or sold outQ2 24: 395 bought or addedQ2 24: 333 cut or sold outQ2 24Q3 24: 455 bought or addedQ3 24: 320 cut or sold outQ4 24: 483 bought or addedQ4 24: 319 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 2023280188
Q2 2023498145
Q3 2023366268
Q4 2023403277
Q1 2024398337
Q2 2024395333
Q3 2024455320
Q4 2024483319

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ1 24 calls: $3.9mQ1 24 puts: $64.6kQ1 24P/C 0.02Q2 24 calls: $2.5mQ2 24 puts: $8.3kQ2 24P/C 0.00Q3 24 calls: $1.7mQ3 24 puts: $209.3kQ3 24P/C 0.12Q4 24 calls: $4.2mQ4 24 puts: $592.9kQ4 24P/C 0.14
Numbers
QuarterCallsPutsP/C
Q1 2024$3.9m$64.6k0.02
Q2 2024$2.5m$8.3k0.00
Q3 2024$1.7m$209.3k0.12
Q4 2024$4.2m$592.9k0.14

Biggest buyers

Fund Evaluation Group, LLC Added +2,526,866+2.5m
LPL Financial LLC Added +1,534,545+1.5m
Independent Advisor Alliance New +1,418,031+1.4m
MORGAN STANLEY Added +1,124,760+1.1m
TEXAS PERMANENT SCHOOL FUND CORP Added +946,554+946.6k
Betterment LLC Added +692,852+692.9k
TOWNSQUARE CAPITAL LLC Added +613,400+613.4k
BANK OF AMERICA CORP /DE/ Added +364,772+364.8k
CWM, LLC Added +357,579+357.6k
Avidian Wealth Enterprises, LLC New +331,836+331.8k

Biggest sellers

Cercano Management LLC Reduced -1,100,971-1.1m
JPMORGAN CHASE & CO Reduced -1,023,086-1.0m
Morningstar Investment Services LLC Reduced -1,006,861-1.0m
MBB PUBLIC MARKETS I LLC Reduced -570,205-570.2k
Stadion Money Management, LLC Reduced -388,889-388.9k
CARY STREET PARTNERS INVESTMENT ADVISORY LLC Sold out -377,052-377.1k
Advance Capital Management, Inc. Reduced -271,802-271.8k
ELEVATUS WELATH MANAGEMENT Reduced -207,502-207.5k
Summit Investment Advisory Services, LLC Reduced -196,605-196.6k
Bison Wealth, LLC Sold out -191,098-191.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.0m88.7k shares
CITADEL ADVISORS LLC Reduced $166.2k3.7k shares

Biggest puts

CITADEL ADVISORS LLC Added $354.9k7.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $238.1k5.3k 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Financial Engines Advisors L.L.C. 2.09% of their portfolio SANTA CLARA, CA 22,118,92922.1m $993.6m $993.6m 2.09% Reduced -83.1k -83,106
2 LPL Financial LLC 0.38% of their portfolio FORT MILL, SC 21,025,88721.0m $944.5m $944.5m 0.38% Added +1.5m +1,534,545
3 Betterment LLC 1.73% of their portfolio NEW YORK, NY 16,163,72016.2m $726.1m $726.1m 1.73% Added +692.9k +692,852
4 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 6,514,5836.5m $292.6m $292.6m 0.03% Added +364.8k +364,772
5 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio SAN FRANCISCO, CA 5,538,3995.5m $248.8m $248.8m 0.05% Reduced -51.4k -51,416
6 Valmark Advisers, Inc. 3.75% of their portfolio AKRON, OH 5,382,2445.4m $241.8m $241.8m 3.75% Added +163.2k +163,186
7 AMERIPRISE FINANCIAL INC 0.06% of their portfolio MINNEAPOLIS, MN 5,264,1185.3m $236.5m $236.5m 0.06% Added +68.9k +68,937
8 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,659,9174.7m $209.3m $209.3m 0.01% Added +1.1m +1,124,760
9 CWM, LLC 0.80% of their portfolio OMAHA, NE 4,308,4734.3m $193.5m $193.5m 0.80% Added +357.6k +357,579
10 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 3,754,9343.8m $168.7m $168.7m 0.05% Added +175.7k +175,713
11 Richard Bernstein Advisors LLC 3.26% of their portfolio NEW YORK, NY 3,206,2843.2m $144.0m $144.0m 3.26% Reduced -72.8k -72,763
12 Creative Planning 0.14% of their portfolio OVERLAND PARK, KS 3,134,7673.1m $140.8m $140.8m 0.14% Added +33.8k +33,843
13 Fund Evaluation Group, LLC 5.40% of their portfolio CINCINNATI, OH 2,571,2852.6m $115.5m $115.5m 5.40% Added +2.5m +2,526,866
14 UBS Group AG 0.02% of their portfolio ZURICH, V8 2,359,6082.4m $106.0m $106.0m 0.02% Added +93.9k +93,907
15 Crestwood Advisors Group, LLC 1.85% of their portfolio BOSTON, MA 2,199,3092.2m $98.8m $98.8m 1.85% Added +15.9k +15,871
16 TOWNSQUARE CAPITAL LLC 1.09% of their portfolio Lehi, UT 2,152,7212.2m $96.7m $96.7m 1.09% Added +613.4k +613,400
17 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 1.77% of their portfolio MINNEAPOLIS, MN 2,031,4702.0m $91.3m $91.3m 1.77% Added +123.2k +123,222
18 PNC Financial Services Group, Inc. 0.05% of their portfolio Pittsburgh, PA 1,819,3561.8m $81.7m $81.7m 0.05% Reduced -6.4k -6,372
19 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 1,776,6401.8m $79.8m $79.8m 0.02% Added +57.4k +57,405
20 CW Advisors, LLC 1.09% of their portfolio BOSTON, MA 1,761,3861.8m $79.1m $79.1m 1.09% Reduced -32.8k -32,811
21 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,565,4201.6m $70.3m $70.3m 0.01% Reduced -1.0m -1,023,086
22 Pinnacle Wealth Planning Services, Inc. 10.20% of their portfolio MANSFIELD, OH 1,511,7711.5m $67.9m $67.9m 10.20% Added +3.6k +3,594
23 Atlas Private Wealth Advisors 9.52% of their portfolio RED BANK, NJ 1,494,9081.5m $67.2m $67.2m 9.52% Added +44.3k +44,333
24 Private Advisor Group, LLC 0.37% of their portfolio MORRISTOWN, NJ 1,449,5221.4m $65.1m $65.1m 0.37% Reduced -182.6k -182,604
25 TEXAS PERMANENT SCHOOL FUND CORP 3.78% of their portfolio AUSTIN, TX 1,435,4891.4m $64.5m $64.5m 3.78% Added +946.6k +946,554
26 Independent Advisor Alliance 0.84% of their portfolio CHARLOTTE, NC 1,418,0311.4m $63.7m $63.7m 0.84% New
27 OSAIC HOLDINGS, INC. 0.14% of their portfolio SCOTTSDALE, AZ 1,382,6841.4m $62.1m $62.1m 0.14% Added +16.8k +16,797
28 GREAT VALLEY ADVISOR GROUP, INC. 1.37% of their portfolio WILMINGTON, DE 1,364,8371.4m $61.3m $61.3m 1.37% Added +82.5k +82,547
29 Wealthcare Advisory Partners LLC 1.66% of their portfolio WEST CHESTER, PA 1,327,0121.3m $59.6m $59.6m 1.66% Added +92.1k +92,063
30 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.05% of their portfolio MILWAUKEE, WI 1,256,3621.3m $56.4m $56.4m 0.05% Added +45.0k +44,985
31 Cetera Investment Advisers 0.12% of their portfolio SCHAUMBURG, IL 1,243,6841.2m $55.9m $55.9m 0.12% Added +82.0k +82,027
32 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,240,1261.2m $55.7m $55.7m 0.00% Reduced -180.0k -180,042
33 STIFEL FINANCIAL CORP 0.05% of their portfolio ST. LOUIS, MO 1,080,0481.1m $48.5m $48.5m 0.05% Added +245.9k +245,857
34 MIDLAND WEALTH ADVISORS, LLC 2.87% of their portfolio EFFINGHAM, IL 1,060,8501.1m $47.7m $47.7m 2.87% Added +3.8k +3,802
35 Stadion Money Management, LLC 3.68% of their portfolio WATKINSVILLE, GA 1,047,4181.0m $47.1m $47.1m 3.68% Reduced -388.9k -388,889
36 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 1,038,3921.0m $46.6m $46.6m 0.02% First filing
37 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 976,233976.2k $43.9m $43.9m 0.06% Added +30.1k +30,082
38 Merit Financial Group, LLC 0.79% of their portfolio ALPHARETTA, GA 975,247975.2k $43.8m $43.8m 0.79% Reduced -95.8k -95,834
39 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 967,579967.6k $43.5m $43.5m 0.06% Added +113.6k +113,649
40 Capital Analysts, LLC 1.73% of their portfolio FORT WASHINGTON, PA 957,102957.1k $43.0m $43.0m 1.73% Added +5.5k +5,542
41 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 941,334941.3k $42.3m $42.3m 0.01% Reduced -17.7k -17,668
42 TRUIST FINANCIAL CORP 0.07% of their portfolio CHARLOTTE, NC 941,309941.3k $42.3m $42.3m 0.07% Added +5.5k +5,484
43 49 WEALTH MANAGEMENT, LLC 5.70% of their portfolio AUSTIN, TX 890,902890.9k $40.0m $40.0m 5.70% Added +184.9k +184,865
44 MASON STREET ADVISORS, LLC 4.96% of their portfolio MILWAUKEE, WI 853,500853.5k $38.3m $38.3m 4.96% Added +112.8k +112,800
45 SPINNAKER TRUST 2.36% of their portfolio PORTLAND, ME 834,656834.7k $37.5m $37.5m 2.36% Added +55.2k +55,249
46 ASSETMARK, INC 0.10% of their portfolio CONCORD, CA 823,440823.4k $37.0m $37.0m 0.10% Added +103.8k +103,788
47 WALLER FINANCIAL PLANNING GROUP, INC 9.20% of their portfolio COLUMBUS, OH 812,357812.4k $36.5m $36.5m 9.20% Reduced -1.9k -1,874
48 Dakota Wealth Management 0.84% of their portfolio PALM BEACH GARDENS, FL 809,277809.3k $36.4m $36.4m 0.84% Added +100.3k +100,261
49 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.07% of their portfolio PLYMOUTH, MN 767,498767.5k $34.5m $34.5m 0.07% Added +241.9k +241,908
50 Envestnet Portfolio Solutions, Inc. 0.11% of their portfolio BERWYN, PA 757,692757.7k $34.0m $34.0m 0.11% Added +48.2k +48,196
51 Equitable Holdings, Inc. 0.32% of their portfolio NEW YORK, NY 751,711751.7k $33.8m $33.8m 0.32% Added +145.8k +145,769
52 DAVENPORT & Co LLC 0.18% of their portfolio RICHMOND, VA 687,350687.4k $30.9m $30.9m 0.18% Added +33.1k +33,058
53 Obermeyer Wealth Partners 1.60% of their portfolio ASPEN, CO 683,380683.4k $30.7m $30.7m 1.60% Reduced -21.1k -21,148
54 Peterson Wealth Advisors, LLC 5.58% of their portfolio Orem, UT 682,080682.1k $31.0m $31.0m 5.58% Added +2.7k +2,673
55 Gerber Kawasaki Wealth & Investment Management 1.32% of their portfolio SANTA MONICA, CA 674,962675.0k $30.3m $30.3m 1.32% Added +38.7k +38,732
56 MBB PUBLIC MARKETS I LLC 3.56% of their portfolio CHICAGO, IL 669,598669.6k $30.1m $30.1m 3.56% Reduced -570.2k -570,205
57 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 2.17% of their portfolio KNOXVILLE, TN 647,113647.1k $29.1m $29.1m 2.17% Added +19.2k +19,183
58 CARY STREET PARTNERS FINANCIAL LLC 0.93% of their portfolio RICHMOND, VA 638,863638.9k $28.7m $28.7m 0.93% First filing
59 Savant Capital, LLC 0.22% of their portfolio ROCKFORD, IL 624,013624.0k $28.0m $28.0m 0.22% Reduced -164.1k -164,078
60 Hughes Financial Services, LLC 5.64% of their portfolio HERNDON, VA 611,304611.3k $27.5m $27.5m 5.64% First filing
61 Crews Bank & Trust 4.57% of their portfolio PORT CHARLOTTE, FL 603,516603.5k $27.1m $27.1m 4.57% First filing
62 Focus Financial Network, Inc. 1.07% of their portfolio MINNEAPOLIS, MN 598,918598.9k $26.9m $26.9m 1.07% Added +2.6k +2,580
63 Corient Private Wealth LP 0.04% of their portfolio MIAMI, FL 580,034580.0k $26.1m $26.1m 0.04% Added +17.7k +17,687
64 Good Life Advisors, LLC 1.81% of their portfolio READING, PA 554,466554.5k $24.9m $24.9m 1.81% Reduced -29.7k -29,656
65 Mariner, LLC 0.04% of their portfolio Overland Park, KS 549,518549.5k $24.7m $24.7m 0.04% Added +73.5k +73,518
66 ABOUND FINANCIAL, LLC 12.13% of their portfolio GRANITE BAY, CA 532,819532.8k $23.9m $23.9m 12.13% First filing
67 JNBA Financial Advisors 2.42% of their portfolio BLOOMINGTON, MN 527,866527.9k $23.7m $23.7m 2.42% Added +22.4k +22,409
68 Kestra Investment Management, LLC 0.93% of their portfolio AUSTIN, TX 525,508525.5k $23.6m $23.6m 0.93% Added +44.3k +44,263
69 ELEVATUS WELATH MANAGEMENT 7.84% of their portfolio VICTOR, NY 509,825509.8k $22.9m $22.9m 7.84% Reduced -207.5k -207,502
70 Cambridge Investment Research Advisors, Inc. 0.08% of their portfolio FAIRFIELD, IA 507,069507.1k $22.8m $22.8m 0.08% Added +108.1k +108,077
71 Integrated Wealth Concepts LLC 0.25% of their portfolio WALTHAM, MA 480,983481.0k $21.6m $21.6m 0.25% Added +1.7k +1,735
72 First Command Advisory Services, Inc. 0.20% of their portfolio FORT WORTH, TX 478,214478.2k $21.5m $21.5m 0.20% Added +48.9k +48,913
73 Avior Wealth Management, LLC 0.78% of their portfolio OMAHA, NE 475,294475.3k $21.4m $21.4m 0.78% Added +7.9k +7,894
74 Sanctuary Advisors, LLC 0.14% of their portfolio INDIANAPOLIS, IN 473,999474.0k $22.1m $22.1m 0.14% Added +30.6k +30,557
75 GM Advisory Group, LLC 1.15% of their portfolio MELVILLE, NY 463,143463.1k $20.8m $20.8m 1.15% Added +24.3k +24,329
76 Garrett Wealth Advisory Group, LLC 4.56% of their portfolio WEATHERFORD, TX 446,326446.3k $20.0m $20.0m 4.56% Added +38.9k +38,887
77 McNamara Financial Services, Inc. 4.70% of their portfolio MARSHFIELD, MA 444,792444.8k $20.0m $20.0m 4.70% Reduced -20.2k -20,199
78 RETIREMENT FINANCIAL SOLUTIONS, LLC 10.55% of their portfolio KNOXVILLE, TN 435,382435.4k $19.6m $19.6m 10.55% Added +5.2k +5,199
79 ST GERMAIN D J CO INC 0.88% of their portfolio SPRINGFIELD, MA 431,942431.9k $19.4m $19.4m 0.88% Added +19.8k +19,790
80 IHT Wealth Management, LLC 0.58% of their portfolio Chicago, IL 403,001403.0k $18.1m $18.1m 0.58% Added +9.3k +9,299
81 Leicht Financial Planning & Wealth Management, Inc. 8.67% of their portfolio PARSIPPANY, NJ 377,425377.4k $17.0m $17.0m 8.67% Added +863 +863
82 OneDigital Investment Advisors LLC 0.19% of their portfolio OVERLAND PARK, KS 356,240356.2k $16.0m $16.0m 0.19% Reduced -120.8k -120,831
83 Financial Security Advisor, Inc. 4.06% of their portfolio VIRGINIA BEACH, VA 355,782355.8k $16.0m $16.0m 4.06% Reduced -86.9k -86,853
84 Boston Standard Wealth Management, LLC 3.09% of their portfolio WINCHESTER, MA 354,342354.3k $15.9m $15.9m 3.09% Added +2.6k +2,625
85 Allen Capital Group, LLC 1.94% of their portfolio GRAND ISLAND, NE 352,183352.2k $15.8m $15.8m 1.94% Reduced -1.4k -1,415
86 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 350,315350.3k $16.9m $16.9m 0.03% Reduced -158.1k -158,125
87 Cercano Management LLC 0.40% of their portfolio BELLEVUE, WA 349,954350.0k $15.7m $15.7m 0.40% Reduced -1.1m -1,100,971
88 BERKSHIRE ASSET MANAGEMENT LLC/PA 0.77% of their portfolio WILKES BARRE, PA 349,615349.6k $16.2m $16.2m 0.77% Added +19.0k +19,046
89 Carnegie Investment Counsel 0.45% of their portfolio PEPPER PIKE, OH 344,851344.9k $15.5m $15.5m 0.45% Added +10.9k +10,868
90 FLAGSHIP HARBOR ADVISORS, LLC 0.79% of their portfolio BOSTON, MA 335,838335.8k $15.1m $15.1m 0.79% Added +46.2k +46,192
91 Avidian Wealth Enterprises, LLC 0.67% of their portfolio Houston, TX 331,836331.8k $14.9m $14.9m 0.67% New
92 One Day In July LLC 1.56% of their portfolio BURLINGTON, VT 331,160331.2k $14.9m $14.9m 1.56% Added +50.1k +50,114
93 Geneos Wealth Management Inc. 0.52% of their portfolio ENGLEWOOD, CO 327,372327.4k $14.7m $14.7m 0.52% Added +24.7k +24,678
94 Financial Gravity Companies, Inc. 3.17% of their portfolio Lakeway, TX 309,318309.3k $13.9m $13.9m 3.17% Added +12.9k +12,872
95 Legacy Edge Advisors, LLC 2.19% of their portfolio SYOSSET, NY 306,776306.8k $13.8m $13.8m 2.19% Reduced -847 -847
96 Trilogy Capital Inc. 0.70% of their portfolio IRVINE, CA 304,253304.3k $13.7m $13.7m 0.70% Added +7.6k +7,625
97 Global Retirement Partners, LLC 0.39% of their portfolio San Rafael, CA 303,343303.3k $13.6m $13.6m 0.39% Added +21.0k +20,970
98 OARSMAN CAPITAL, INC. 2.36% of their portfolio MILWAUKEE, WI 300,881300.9k $13.5m $13.5m 2.36% Added +33.5k +33,450
99 Banco Santander, S.A. 0.16% of their portfolio Madrid, U3 299,265299.3k $13.4m $13.4m 0.16% Added +78.6k +78,553
100 WBH ADVISORY INC 1.21% of their portfolio BALTIMORE, MD 290,140290.1k $13.0m $13.0m 1.21% Added +2.8k +2,754