Vault-13

SPDR SER TR SPSM

PORTFOLIO S&P600 · ETP · CUSIP 78468R853

1,006 institutional holders +21 vs Q4 2025
207,176,899207.2m shares reported held*
$10.0bnreported value*
78 new 421 added 346 reduced 58 sold out net sold ≈ $112.4m (-2.4m 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 ($18.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $48.37. Options: 2 managers hold calls ($2.3m notional), 0 hold puts (—).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 432Q4 22: 476Q1 23: 476Q2 23: 670Q3 23: 688Q4 23: 779Q1 24: 775Q2 24: 812Q3 24: 854Q4 24: 932Q1 25: 895Q2 25: 893Q3 25: 901Q4 25: 985Q1 26: 1,0061,006Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 2022432
Q4 2022476
Q1 2023476
Q2 2023670
Q3 2023688
Q4 2023779
Q1 2024775
Q2 2024812
Q3 2024854
Q4 2024932
Q1 2025895
Q2 2025893
Q3 2025901
Q4 2025985
Q1 20261,006

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q2 24: 395 bought or addedQ2 24: 333 cut or sold outQ3 24: 455 bought or addedQ3 24: 320 cut or sold outQ3 24Q4 24: 483 bought or addedQ4 24: 319 cut or sold outQ1 25: 417 bought or addedQ1 25: 435 cut or sold outQ1 25Q2 25: 444 bought or addedQ2 25: 388 cut or sold outQ3 25: 465 bought or addedQ3 25: 351 cut or sold outQ3 25Q4 25: 454 bought or addedQ4 25: 381 cut or sold outQ1 26: 499 bought or addedQ1 26: 404 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024395333
Q3 2024455320
Q4 2024483319
Q1 2025417435
Q2 2025444388
Q3 2025465351
Q4 2025454381
Q1 2026499404

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ2 25 calls: $2.1mQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $2.1mQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $318.6kQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $2.3mQ1 26 puts: $0Q1 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q2 2025$2.1m$00.00
Q3 2025$2.1m$00.00
Q4 2025$318.6k$00.00
Q1 2026$2.3m$00.00

Biggest buyers

CLIFTONLARSONALLEN WEALTH ADVISORS, LLC Added +1,430,204+1.4m
Independent Advisor Alliance Added +1,139,717+1.1m
UBS Group AG Added +1,066,575+1.1m
ENVESTNET ASSET MANAGEMENT INC Added +791,105+791.1k
SCHRODER INVESTMENT MANAGEMENT GROUP New +699,363+699.4k
AMERIPRISE FINANCIAL INC Added +651,091+651.1k
TSG Advice Partners, LLC Added +585,922+585.9k
Cerity Partners LLC Added +302,971+303.0k
Klaas Financial Asset Advisors, LLC New +277,052+277.1k
OneAscent Financial Services LLC New +274,293+274.3k

Biggest sellers

MORGAN STANLEY Reduced -6,554,962-6.6m
LPL Financial LLC Reduced -2,399,316-2.4m
TEXAS PERMANENT SCHOOL FUND CORP Reduced -1,498,103-1.5m
Corient Private Wealth LP Reduced -606,739-606.7k
Focus Financial Network, Inc. Reduced -557,695-557.7k
Financial Engines Advisors L.L.C. Reduced -454,124-454.1k
BNP PARIBAS FINANCIAL MARKETS Sold out -401,200-401.2k
Morningstar Investment Management LLC Reduced -237,678-237.7k
Private Advisor Group, LLC Reduced -220,455-220.5k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -207,442-207.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.7m35.7k shares
CITADEL ADVISORS LLC New $526.7k10.9k shares

Biggest puts

None

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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.32% of their portfolio FORT MILL, SC 24,590,96124.6m $1.2bn $1.2bn 0.32% Reduced -2.4m -2,399,316
2 Financial Engines Advisors L.L.C. 2.03% of their portfolio SANTA CLARA, CA 20,673,32520.7m $998.9m $998.9m 2.03% Reduced -454.1k -454,124
3 Betterment LLC 1.74% of their portfolio NEW YORK, NY 19,018,96519.0m $919.0m $919.0m 1.74% Added +261.4k +261,446
4 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 7,192,2987.2m $347.5m $347.5m 0.02% Reduced -6.6m -6,554,962
5 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio SAN FRANCISCO, CA 6,582,6906.6m $318.1m $318.1m 0.05% Added +119.4k +119,363
6 Valmark Advisers, Inc. 3.11% of their portfolio AKRON, OH 5,412,3255.4m $261.5m $261.5m 3.11% Added +109.7k +109,719
7 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 3.48% of their portfolio MINNEAPOLIS, MN 4,910,9174.9m $237.3m $237.3m 3.48% Added +1.4m +1,430,204
8 AMERIPRISE FINANCIAL INC 0.05% of their portfolio MINNEAPOLIS, MN 4,449,7754.4m $215.0m $215.0m 0.05% Added +651.1k +651,091
9 ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio Berwyn, PA 4,282,7104.3m $206.9m $206.9m 0.06% Added +791.1k +791,105
10 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 3,927,2023.9m $189.8m $189.8m 0.01% Added +86.9k +86,868
11 Creative Planning 0.09% of their portfolio OVERLAND PARK, KS 2,802,6212.8m $135.4m $135.4m 0.09% Added +9.4k +9,416
12 RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio ST. PETERSBURG, FL 2,796,6632.8m $135.1m $135.1m 0.04% Added +218.1k +218,100
13 UBS Group AG 0.02% of their portfolio ZURICH, V8 2,353,0212.4m $113.7m $113.7m 0.02% Added +1.1m +1,066,575
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,932,3811.9m $93.4m $93.4m 0.00% Added +273.0k +272,985
15 PNC Financial Services Group, Inc. 0.05% of their portfolio Pittsburgh, PA 1,914,8451.9m $92.5m $92.5m 0.05% Added +2.4k +2,387
16 OSAIC HOLDINGS, INC. 0.13% of their portfolio SCOTTSDALE, AZ 1,900,5941.9m $91.8m $91.8m 0.13% Reduced -96.1k -96,096
17 Pinnacle Wealth Planning Services, Inc. 9.34% of their portfolio MANSFIELD, OH 1,871,0391.9m $90.4m $90.4m 9.34% Added +61.5k +61,540
18 Wealthcare Advisory Partners LLC 1.65% of their portfolio WEST CHESTER, PA 1,757,1271.8m $84.9m $84.9m 1.65% Added +74.5k +74,490
19 Crestwood Advisors Group, LLC 1.40% of their portfolio BOSTON, MA 1,726,6471.7m $83.4m $83.4m 1.40% Added +4.5k +4,470
20 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.05% of their portfolio MILWAUKEE, WI 1,629,7201.6m $78.7m $78.7m 0.05% Added +111.0k +110,981
21 ASSETMARK, INC 0.14% of their portfolio CONCORD, CA 1,437,7271.4m $69.5m $69.5m 0.14% Reduced -104.0k -104,018
22 Cetera Investment Advisers 0.07% of their portfolio SCHAUMBURG, IL 1,402,1221.4m $67.8m $67.8m 0.07% Added +63.8k +63,809
23 Dakota Wealth Management 1.45% of their portfolio PALM BEACH GARDENS, FL 1,383,4701.4m $66.8m $66.8m 1.45% Added +105.1k +105,058
24 MASON STREET ADVISORS, LLC 6.26% of their portfolio MILWAUKEE, WI 1,326,4231.3m $64.1m $64.1m 6.26% Added +32.5k +32,543
25 VANTAGEPOINT INVESTMENT ADVISERS LLC 0.53% of their portfolio WASHINGTON, DC 1,287,9691.3m $62.2m $62.2m 0.53% Reduced -20.9k -20,863
26 STIFEL FINANCIAL CORP 0.05% of their portfolio ST. LOUIS, MO 1,206,1251.2m $58.3m $58.3m 0.05% Added +9.1k +9,060
27 GREAT VALLEY ADVISOR GROUP, INC. 1.05% of their portfolio WILMINGTON, DE 1,199,6021.2m $58.0m $58.0m 1.05% Added +68.7k +68,720
28 Independent Advisor Alliance 0.61% of their portfolio CHARLOTTE, NC 1,171,9591.2m $56.6m $56.6m 0.61% Added +1.1m +1,139,717
29 Envestnet Portfolio Solutions, Inc. 0.30% of their portfolio BERWYN, PA 1,137,1531.1m $54.9m $54.9m 0.30% Reduced -40.2k -40,170
30 HighTower Advisors, LLC 0.05% of their portfolio CHICAGO, IL 1,049,5171.0m $50.7m $50.7m 0.05% Added +11.4k +11,431
31 Equitable Holdings, Inc. 0.29% of their portfolio NEW YORK, NY 970,475970.5k $45.7m $45.7m 0.29% Added +12.7k +12,733
32 Private Advisor Group, LLC 0.22% of their portfolio MORRISTOWN, NJ 969,204969.2k $46.8m $46.8m 0.22% Reduced -220.5k -220,455
33 MIDLAND WEALTH ADVISORS, LLC 2.40% of their portfolio EFFINGHAM, IL 963,862963.9k $46.6m $46.6m 2.40% Reduced -16.7k -16,725
34 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 945,778945.8k $45.7m $45.7m 0.01% Reduced -49.2k -49,212
35 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 915,509915.5k $44.2m $44.2m 0.06% Added +19.8k +19,763
36 DAVENPORT & Co LLC 0.23% of their portfolio RICHMOND, VA 868,384868.4k $42.0m $42.0m 0.23% Added +82.8k +82,794
37 Stadion Money Management, LLC 4.19% of their portfolio WATKINSVILLE, GA 861,902861.9k $41.6m $41.6m 4.19% Reduced -64.6k -64,586
38 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 2.50% of their portfolio KNOXVILLE, TN 809,845809.8k $39.1m $39.1m 2.50% Added +19.7k +19,746
39 Morningstar Investment Management LLC 2.32% of their portfolio CHICAGO, IL 774,051774.1k $37.4m $37.4m 2.32% Reduced -237.7k -237,678
40 TRUIST FINANCIAL CORP 0.05% of their portfolio CHARLOTTE, NC 759,436759.4k $36.7m $36.7m 0.05% Reduced -16.1k -16,070
41 Banco Santander, S.A. 0.29% of their portfolio Madrid, U3 747,076747.1k $36.1m $36.1m 0.29% Added +50.3k +50,335
42 First Command Advisory Services, Inc. 0.24% of their portfolio FORT WORTH, TX 738,807738.8k $35.7m $35.7m 0.24% Added +88.8k +88,839
43 One Day In July LLC 2.85% of their portfolio BURLINGTON, VT 737,202737.2k $35.6m $35.6m 2.85% Added +58.0k +58,028
44 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 736,492736.5k $35.6m $35.6m 0.01% Added +79.4k +79,435
45 SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio London, X0 699,363699.4k $32.9m $32.9m 0.03% New
46 VICUS CAPITAL 2.43% of their portfolio STATE COLLEGE, PA 682,870682.9k $33.0m $33.0m 2.43% Added +56.1k +56,125
47 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.20% of their portfolio IRVING, TX 677,379677.4k $32.7m $32.7m 0.20% Added +94.6k +94,642
48 CWM, LLC 0.09% of their portfolio OMAHA, NE 676,310676.3k $32.7m $32.7m 0.09% Added +28.6k +28,587
49 Corient Private Wealth LP 0.05% of their portfolio MIAMI, FL 665,427665.4k $31.7m $31.7m 0.05% Reduced -606.7k -606,739
50 Peterson Wealth Advisors, LLC 4.21% of their portfolio Orem, UT 655,147655.1k $31.7m $31.7m 4.21% Reduced -63.7k -63,708
51 BOKF, NA 0.48% of their portfolio TULSA, OK 643,708643.7k $31.1m $31.1m 0.48% Added +18.3k +18,343
52 ST GERMAIN D J CO INC 1.18% of their portfolio SPRINGFIELD, MA 617,033617.0k $29.8m $29.8m 1.18% Reduced -24.8k -24,820
53 GREENLEAF TRUST 0.29% of their portfolio KALAMAZOO, MI 613,136613.1k $29.6m $29.6m 0.29% Added +73.4k +73,369
54 TSG Advice Partners, LLC 4.34% of their portfolio COLUMBUS, OH 599,773599.8k $29.0m $29.0m 4.34% Added +585.9k +585,922
55 Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio FAIRFIELD, IA 594,132594.1k $28.7m $28.7m 0.07% Added +60.6k +60,566
56 BERKSHIRE ASSET MANAGEMENT LLC/PA 1.21% of their portfolio WILKES BARRE, PA 583,909583.9k $28.2m $28.2m 1.21% Added +19.9k +19,942
57 RKL Wealth Management LLC 2.48% of their portfolio LANCASTER, PA 570,265570.3k $27.6m $27.6m 2.48% Reduced -41.6k -41,605
58 HighPoint Advisor Group LLC 1.15% of their portfolio DOWNERS GROVE, IL 567,620567.6k $27.4m $27.4m 1.15% Reduced -116.9k -116,893
59 Evernest Financial Advisors, LLC 6.20% of their portfolio CARMEL, IN 562,067562.1k $29.8m $29.8m 6.20% Added +162.3k +162,285
60 Avior Wealth Management, LLC 0.75% of their portfolio OMAHA, NE 549,962550.0k $26.6m $26.6m 0.75% Added +9.6k +9,585
61 OARSMAN CAPITAL, INC. 3.30% of their portfolio MILWAUKEE, WI 549,596549.6k $26.6m $26.6m 3.30% Added +59.7k +59,656
62 KWB Wealth 2.54% of their portfolio REDLANDS, CA 548,831548.8k $25.7m $25.7m 2.54% Reduced -55.1k -55,083
63 ABOUND FINANCIAL, LLC 11.45% of their portfolio GRANITE BAY, CA 542,399542.4k $26.2m $26.2m 11.45% Reduced -42.3k -42,331
64 Mariner, LLC 0.03% of their portfolio Overland Park, KS 541,600541.6k $26.2m $26.2m 0.03% Added +37.5k +37,465
65 Impact Partnership Wealth, LLC 3.01% of their portfolio MARIETTA, GA 503,692503.7k $24.3m $24.3m 3.01% Added +198.0k +198,030
66 SPINNAKER TRUST 1.32% of their portfolio PORTLAND, ME 492,236492.2k $23.8m $23.8m 1.32% Reduced -22.0k -21,980
67 Crews Bank & Trust 3.41% of their portfolio PORT CHARLOTTE, FL 486,725486.7k $23.5m $23.5m 3.41% Reduced -31.9k -31,917
68 Compton Financial Group, LLC 4.97% of their portfolio TOWSON, MD 465,372465.4k $22.5m $22.5m 4.97% Reduced -141.0k -140,960
69 Composition Wealth, LLC 0.30% of their portfolio LOS ANGELES, CA 457,735457.7k $22.1m $22.1m 0.30% Added +76.3k +76,323
70 Garrett Wealth Advisory Group, LLC 3.93% of their portfolio WEATHERFORD, TX 457,334457.3k $22.1m $22.1m 3.93% Reduced -7.4k -7,391
71 Penserra Capital Management LLC 0.25% of their portfolio ORINDA, CA 436,531436.5k $21.1m $21.1m 0.25% Added +228.9k +228,883
72 Fund Evaluation Group, LLC 0.64% of their portfolio CINCINNATI, OH 431,328431.3k $20.8m $20.8m 0.64% Reduced -23.1k -23,060
73 United Asset Strategies, Inc. 1.65% of their portfolio GARDEN CITY, NY 429,834429.8k $20.8m $20.8m 1.65% Added +132.5k +132,504
74 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 427,811427.8k $20.7m $20.7m 0.03% Added +303.0k +302,971
75 Financial Gravity Asset Management, Inc. 3.56% of their portfolio Lakeway, TX 413,944413.9k $20.0m $20.0m 3.56% Added +26.4k +26,446
76 Geneos Wealth Management Inc. 0.46% of their portfolio ENGLEWOOD, CO 411,006411.0k $19.9m $19.9m 0.46% Added +16.0k +16,015
77 Allen Capital Group, LLC 1.77% of their portfolio GRAND ISLAND, NE 406,236406.2k $19.6m $19.6m 1.77% Added +8.3k +8,328
78 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 404,830404.8k $19.0m $19.0m 0.00% Added +430 +430
79 Integrated Wealth Concepts LLC 0.15% of their portfolio WALTHAM, MA 401,991402.0k $19.4m $19.4m 0.15% Added +79.7k +79,689
80 FIFTH THIRD BANCORP 0.04% of their portfolio CINCINNATI, OH 399,909399.9k $19.3m $19.3m 0.04% Added +66.6k +66,580
81 DIVERSIFY WEALTH MANAGEMENT, LLC 0.37% of their portfolio SANDY, UT 391,247391.2k $20.5m $20.5m 0.37% Added +147.1k +147,122
82 Boston Standard Wealth Management, LLC 3.08% of their portfolio WINCHESTER, MA 386,844386.8k $18.8m $18.8m 3.08% Added +170 +170
83 Leicht Financial Planning & Wealth Management, Inc. 8.25% of their portfolio PARSIPPANY, NJ 376,612376.6k $18.2m $18.2m 8.25% Reduced -5.1k -5,065
84 Shepherd Financial Partners LLC 1.72% of their portfolio WINCHESTER, MA 376,271376.3k $18.2m $18.2m 1.72% Reduced -9.5k -9,515
85 PARK AVENUE SECURITIES LLC 0.14% of their portfolio NEW YORK, NY 375,765375.8k $18.2m $18.2m 0.14% Reduced -9.9k -9,882
86 Lido Advisors, LLC 0.07% of their portfolio Los Angeles, CA 366,585366.6k $17.7m $17.7m 0.07% Reduced -109.5k -109,543
87 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 2.73% of their portfolio BETHLEHEM, PA 366,407366.4k $17.7m $17.7m 2.73% Added +16.2k +16,164
88 FLAGSHIP HARBOR ADVISORS, LLC 0.76% of their portfolio BOSTON, MA 359,055359.1k $17.3m $17.3m 0.76% Reduced -66.3k -66,278
89 Atlas Private Wealth Advisors 3.98% of their portfolio RED BANK, NJ 349,866349.9k $16.9m $16.9m 3.98% Reduced -6.6k -6,586
90 Hancock Prospecting Pty Ltd 0.50% of their portfolio West Perth, C3 342,840342.8k $16.6m $16.6m 0.50% Unchanged
91 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.04% of their portfolio PLYMOUTH, MN 336,883336.9k $16.4m $16.4m 0.04% Reduced -207.4k -207,442
92 My Portfolio Guide, LLC 8.99% of their portfolio SEAL BEACH, CA 336,521336.5k $16.3m $16.3m 8.99% First filing
93 AlphaStar Capital Management, LLC 1.19% of their portfolio CORNELIUS, NC 334,996335.0k $16.2m $16.2m 1.19% Added +22.8k +22,789
94 TPG Financial Advisors, LLC 5.23% of their portfolio PORTLAND, OR 332,689332.7k $16.1m $16.1m 5.23% Added +13.9k +13,946
95 CAHABA WEALTH MANAGEMENT, INC. 1.09% of their portfolio Atlanta, GA 332,052332.1k $16.0m $16.0m 1.09% Added +6.1k +6,116
96 Merit Financial Group, LLC 0.12% of their portfolio ALPHARETTA, GA 326,417326.4k $15.8m $15.8m 0.12% Reduced -16.2k -16,226
97 JNBA Financial Advisors 1.30% of their portfolio BLOOMINGTON, MN 322,548322.5k $15.6m $15.6m 1.30% Reduced -9.1k -9,115
98 EVERMAY WEALTH MANAGEMENT LLC 1.72% of their portfolio ARLINGTON, VA 321,698321.7k $15.5m $15.5m 1.72% Added +15.5k +15,498
99 OneDigital Investment Advisors LLC 0.15% of their portfolio OVERLAND PARK, KS 319,997320.0k $15.5m $15.5m 0.15% Reduced -544 -544
100 WBH ADVISORY INC 1.14% of their portfolio BALTIMORE, MD 313,519313.5k $15.2m $15.2m 1.14% Added +3.3k +3,337