Vault-13

SPDR SER TR SPSM

PORTFOLIO S&P600 · ETP · CUSIP 78468R853

1,050 institutional holders +44 vs Q1 2026
217,855,694217.9m shares reported held*
$12.6bnreported value*
101 new 428 added 372 reduced 41 sold out net bought ≈ $731.6m (+12.7m 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 ($21.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $57.64. Options: 2 managers hold calls ($3.3m notional), 0 hold puts (—).

Trends to Q2 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: 1,006Q2 26: 1,0501,050Q3 22Q3 23Q3 24Q3 25Q2 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
Q2 20261,050

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 24: 455 bought or addedQ3 24: 320 cut or sold outQ4 24: 483 bought or addedQ4 24: 319 cut or sold outQ4 24Q1 25: 417 bought or addedQ1 25: 435 cut or sold outQ2 25: 444 bought or addedQ2 25: 388 cut or sold outQ2 25Q3 25: 465 bought or addedQ3 25: 351 cut or sold outQ4 25: 454 bought or addedQ4 25: 381 cut or sold outQ4 25Q1 26: 499 bought or addedQ1 26: 404 cut or sold outQ2 26: 529 bought or addedQ2 26: 413 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024455320
Q4 2024483319
Q1 2025417435
Q2 2025444388
Q3 2025465351
Q4 2025454381
Q1 2026499404
Q2 2026529413

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ3 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 0.00Q2 26 calls: $3.3mQ2 26 puts: $0Q2 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2025$2.1m$00.00
Q4 2025$318.6k$00.00
Q1 2026$2.3m$00.00
Q2 2026$3.3m$00.00

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +8,220,161+8.2m
ENVESTNET ASSET MANAGEMENT INC Added +2,084,806+2.1m
STIFEL FINANCIAL CORP Added +874,148+874.1k
Clark Capital Management Group, Inc. New +606,750+606.8k
LPL Financial LLC Added +584,644+584.6k
Cambridge Investment Research Advisors, Inc. Added +490,732+490.7k
MORGAN STANLEY Added +422,470+422.5k
Diversify Advisory Services, LLC New +384,139+384.1k
Trustees of Dartmouth College New +349,430+349.4k
Integrated Wealth Concepts LLC Added +300,623+300.6k

Biggest sellers

Financial Engines Advisors L.L.C. Reduced -1,869,303-1.9m
Independent Advisor Alliance Reduced -1,136,720-1.1m
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -418,510-418.5k
Banco Santander, S.A. Reduced -350,275-350.3k
STATE STREET CORP Reduced -319,317-319.3k
TEXAS PERMANENT SCHOOL FUND CORP Sold out -312,500-312.5k
Valmark Advisers, Inc. Reduced -310,690-310.7k
Mariner, LLC Reduced -243,041-243.0k
Compton Financial Group, LLC Reduced -221,535-221.5k
ASSETMARK, INC Reduced -197,955-198.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.6m44.6k shares
CITADEL ADVISORS LLC Added $697.8k12.1k 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, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.33% of their portfolio FORT MILL, SC 25,175,60525.2m $1.5bn $1.5bn 0.33% Added +584.6k +584,644
2 Betterment LLC 1.87% of their portfolio NEW YORK, NY 19,180,83819.2m $1.1bn $1.1bn 1.87% Added +161.9k +161,873
3 Financial Engines Advisors L.L.C. 1.93% of their portfolio SANTA CLARA, CA 18,804,02218.8m $1.1bn $1.1bn 1.93% Reduced -1.9m -1,869,303
4 BANK OF AMERICA CORP /DE/ 0.05% of their portfolio CHARLOTTE, NC 12,147,36312.1m $700.5m $700.5m 0.05% Added +8.2m +8,220,161
5 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 7,614,7687.6m $439.1m $439.1m 0.02% Added +422.5k +422,470
6 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio SAN FRANCISCO, CA 6,597,2406.6m $380.5m $380.5m 0.05% Added +14.6k +14,550
7 ENVESTNET ASSET MANAGEMENT INC 0.09% of their portfolio Berwyn, PA 6,367,5166.4m $367.2m $367.2m 0.09% Added +2.1m +2,084,806
8 Valmark Advisers, Inc. 3.12% of their portfolio AKRON, OH 5,101,6355.1m $294.2m $294.2m 3.12% Reduced -310.7k -310,690
9 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 3.81% of their portfolio MINNEAPOLIS, MN 5,022,0485.0m $289.6m $289.6m 3.81% Added +111.1k +111,131
10 AMERIPRISE FINANCIAL INC 0.05% of their portfolio MINNEAPOLIS, MN 4,348,5864.3m $251.5m $251.5m 0.05% Reduced -101.2k -101,189
11 RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio ST. PETERSBURG, FL 3,009,2983.0m $173.5m $173.5m 0.05% Added +212.6k +212,635
12 Creative Planning 0.09% of their portfolio OVERLAND PARK, KS 2,776,1962.8m $160.1m $160.1m 0.09% Reduced -26.4k -26,425
13 UBS Group AG 0.02% of their portfolio ZURICH, V8 2,483,0292.5m $143.2m $143.2m 0.02% Added +130.0k +130,008
14 OSAIC HOLDINGS, INC. 0.14% of their portfolio SCOTTSDALE, AZ 2,089,1602.1m $120.5m $120.5m 0.14% Added +188.6k +188,566
15 STIFEL FINANCIAL CORP 0.10% of their portfolio ST. LOUIS, MO 2,080,2732.1m $120.0m $120.0m 0.10% Added +874.1k +874,148
16 PNC Financial Services Group, Inc. 0.06% of their portfolio Pittsburgh, PA 1,961,3302.0m $113.1m $113.1m 0.06% Added +46.5k +46,485
17 Pinnacle Wealth Planning Services, Inc. 10.55% of their portfolio MANSFIELD, OH 1,920,7061.9m $110.8m $110.8m 10.55% Added +49.7k +49,667
18 Wealthcare Advisory Partners LLC 1.94% of their portfolio WEST CHESTER, PA 1,776,1351.8m $102.4m $102.4m 1.94% Added +19.0k +19,008
19 Crestwood Advisors Group, LLC 1.49% of their portfolio BOSTON, MA 1,742,5371.7m $100.5m $100.5m 1.49% Added +15.9k +15,890
20 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.05% of their portfolio MILWAUKEE, WI 1,656,1551.7m $95.5m $95.5m 0.05% Added +26.4k +26,435
21 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,613,0641.6m $93.0m $93.0m 0.00% Reduced -319.3k -319,317
22 Cetera Investment Advisers 0.08% of their portfolio SCHAUMBURG, IL 1,554,4871.6m $89.6m $89.6m 0.08% Added +152.4k +152,365
23 Dakota Wealth Management 1.65% of their portfolio PALM BEACH GARDENS, FL 1,499,2751.5m $86.5m $86.5m 1.65% Added +115.8k +115,805
24 MASON STREET ADVISORS, LLC 7.17% of their portfolio MILWAUKEE, WI 1,379,2481.4m $79.5m $79.5m 7.17% Added +52.8k +52,825
25 ASSETMARK, INC 0.12% of their portfolio CONCORD, CA 1,239,7721.2m $71.5m $71.5m 0.12% Reduced -198.0k -197,955
26 VANTAGEPOINT INVESTMENT ADVISERS LLC 0.53% of their portfolio WASHINGTON, DC 1,222,4871.2m $70.5m $70.5m 0.53% Reduced -65.5k -65,482
27 GREAT VALLEY ADVISOR GROUP, INC. 1.09% of their portfolio WILMINGTON, DE 1,200,2341.2m $69.2m $69.2m 1.09% Added +632 +632
28 Private Advisor Group, LLC 0.30% of their portfolio MORRISTOWN, NJ 1,125,0061.1m $64.9m $64.9m 0.30% Added +155.8k +155,802
29 Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio FAIRFIELD, IA 1,084,8641.1m $62.6m $62.6m 0.07% Added +490.7k +490,732
30 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 1,071,8151.1m $61.8m $61.8m 0.06% Added +22.3k +22,298
31 COMMONWEALTH EQUITY SERVICES, LLC 0.07% of their portfolio WALTHAM, MA 1,009,2581.0m $58.2m $58.2m 0.07% Added +93.7k +93,749
32 DAVENPORT & Co LLC 0.29% of their portfolio RICHMOND, VA 986,910986.9k $56.9m $56.9m 0.29% Added +118.5k +118,526
33 Envestnet Portfolio Solutions, Inc. 0.27% of their portfolio BERWYN, PA 976,262976.3k $56.3m $56.3m 0.27% Reduced -160.9k -160,891
34 MIDLAND WEALTH ADVISORS, LLC 2.60% of their portfolio EFFINGHAM, IL 959,196959.2k $55.3m $55.3m 2.60% Reduced -4.7k -4,666
35 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 952,624952.6k $54.9m $54.9m 0.01% Added +6.8k +6,846
36 Equitable Holdings, Inc. 0.30% of their portfolio NEW YORK, NY 880,649880.6k $50.8m $50.8m 0.30% Reduced -89.8k -89,826
37 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 2.79% of their portfolio KNOXVILLE, TN 833,994834.0k $48.1m $48.1m 2.79% Added +24.1k +24,149
38 First Command Advisory Services, Inc. 0.28% of their portfolio FORT WORTH, TX 818,472818.5k $47.2m $47.2m 0.28% Added +79.7k +79,665
39 One Day In July LLC 3.23% of their portfolio BURLINGTON, VT 804,494804.5k $46.4m $46.4m 3.23% Added +67.3k +67,292
40 Stadion Money Management, LLC 3.99% of their portfolio WATKINSVILLE, GA 803,443803.4k $46.3m $46.3m 3.99% Reduced -58.5k -58,459
41 Morningstar Investment Management LLC 2.31% of their portfolio CHICAGO, IL 774,051774.1k $37.4m $37.4m 2.31% Unchanged
42 TRUIST FINANCIAL CORP 0.05% of their portfolio CHARLOTTE, NC 744,666744.7k $42.9m $42.9m 0.05% Reduced -14.8k -14,770
43 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.23% of their portfolio IRVING, TX 732,516732.5k $42.2m $42.2m 0.23% Added +55.1k +55,137
44 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 712,610712.6k $41.1m $41.1m 0.01% Reduced -23.9k -23,882
45 Integrated Wealth Concepts LLC 0.20% of their portfolio WALTHAM, MA 702,614702.6k $40.5m $40.5m 0.20% Added +300.6k +300,623
46 HighPoint Advisor Group LLC 1.41% of their portfolio DOWNERS GROVE, IL 695,486695.5k $40.1m $40.1m 1.41% Added +127.9k +127,866
47 VICUS CAPITAL 2.55% of their portfolio STATE COLLEGE, PA 684,168684.2k $39.5m $39.5m 2.55% Added +1.3k +1,298
48 GREENLEAF TRUST 0.37% of their portfolio KALAMAZOO, MI 668,396668.4k $38.5m $38.5m 0.37% Added +55.3k +55,260
49 Peterson Wealth Advisors, LLC 4.55% of their portfolio Orem, UT 667,839667.8k $38.5m $38.5m 4.55% Added +12.7k +12,692
50 Corient Private Wealth LP 0.05% of their portfolio MIAMI, FL 657,330657.3k $37.9m $37.9m 0.05% Reduced -8.1k -8,097
51 BOKF, NA 0.51% of their portfolio TULSA, OK 643,758643.8k $37.1m $37.1m 0.51% Added +50 +50
52 ST GERMAIN D J CO INC 1.31% of their portfolio SPRINGFIELD, MA 630,122630.1k $36.3m $36.3m 1.31% Added +13.1k +13,089
53 Clark Capital Management Group, Inc. 0.19% of their portfolio PHILADELPHIA, PA 606,750606.8k $35.0m $35.0m 0.19% New
54 Savant Capital, LLC 0.09% of their portfolio ROCKFORD, IL 605,173605.2k $32.0m $32.0m 0.09% Added +297.8k +297,827
55 Evernest Financial Advisors, LLC 7.23% of their portfolio CARMEL, IN 599,855599.9k $34.6m $34.6m 7.23% Added +37.8k +37,788
56 BERKSHIRE ASSET MANAGEMENT LLC/PA 1.34% of their portfolio WILKES BARRE, PA 593,958594.0k $34.3m $34.3m 1.34% Added +10.0k +10,049
57 RKL Wealth Management LLC 2.73% of their portfolio LANCASTER, PA 593,853593.9k $34.2m $34.2m 2.73% Added +23.6k +23,588
58 Penserra Capital Management LLC 0.26% of their portfolio ORINDA, CA 592,573592.6k $34.2m $34.2m 0.26% Added +156.0k +156,042
59 OARSMAN CAPITAL, INC. 3.56% of their portfolio MILWAUKEE, WI 583,514583.5k $33.7m $33.7m 3.56% Added +33.9k +33,918
60 Avior Wealth Management, LLC 0.85% of their portfolio OMAHA, NE 558,732558.7k $32.2m $32.2m 0.85% Added +8.8k +8,770
61 Composition Wealth, LLC 0.37% of their portfolio LOS ANGELES, CA 542,947542.9k $31.3m $31.3m 0.37% Added +85.2k +85,212
62 AlphaStar Capital Management, LLC 1.91% of their portfolio CORNELIUS, NC 521,139521.1k $30.1m $30.1m 1.91% Added +186.1k +186,143
63 SPINNAKER TRUST 1.34% of their portfolio PORTLAND, ME 479,835479.8k $27.7m $27.7m 1.34% Reduced -12.4k -12,401
64 ABOUND FINANCIAL, LLC 10.89% of their portfolio GRANITE BAY, CA 473,796473.8k $27.3m $27.3m 10.89% Reduced -68.6k -68,603
65 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 3.51% of their portfolio BETHLEHEM, PA 465,415465.4k $26.8m $26.8m 3.51% Added +99.0k +99,008
66 Garrett Wealth Advisory Group, LLC 4.09% of their portfolio WEATHERFORD, TX 461,770461.8k $26.6m $26.6m 4.09% Added +4.4k +4,436
67 Crews Bank & Trust 3.43% of their portfolio PORT CHARLOTTE, FL 456,249456.2k $26.3m $26.3m 3.43% Reduced -30.5k -30,476
68 KWB Wealth 2.23% of their portfolio REDLANDS, CA 452,815452.8k $26.1m $26.1m 2.23% Reduced -96.0k -96,016
69 United Asset Strategies, Inc. 1.77% of their portfolio GARDEN CITY, NY 434,336434.3k $25.0m $25.0m 1.77% Added +4.5k +4,502
70 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 432,384432.4k $24.8m $24.8m 0.00% Added +27.6k +27,554
71 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 431,825431.8k $24.9m $24.9m 0.03% Added +4.0k +4,014
72 FIFTH THIRD BANCORP 0.04% of their portfolio CINCINNATI, OH 425,872425.9k $24.6m $24.6m 0.04% Added +26.0k +25,963
73 Geneos Wealth Management Inc. 0.50% of their portfolio ENGLEWOOD, CO 423,216423.2k $24.4m $24.4m 0.50% Added +12.2k +12,210
74 Financial Gravity Companies, Inc. 3.95% of their portfolio Lakeway, TX 422,057422.1k $24.3m $24.3m 3.95% First filing
75 Allen Capital Group, LLC 1.99% of their portfolio GRAND ISLAND, NE 421,001421.0k $24.3m $24.3m 1.99% Added +14.8k +14,765
76 Banco Santander, S.A. 0.14% of their portfolio Madrid, U3 396,801396.8k $22.9m $22.9m 0.14% Reduced -350.3k -350,275
77 Diversify Advisory Services, LLC 0.36% of their portfolio SANDY, UT 384,139384.1k $21.7m $21.7m 0.36% New
78 DIVERSIFY WEALTH MANAGEMENT, LLC 0.36% of their portfolio SANDY, UT 384,139384.1k $21.7m $21.7m 0.36% Reduced -7.1k -7,108
79 FLAGSHIP HARBOR ADVISORS, LLC 0.83% of their portfolio BOSTON, MA 377,072377.1k $21.7m $21.7m 0.83% Added +18.0k +18,017
80 Boston Standard Wealth Management, LLC 3.16% of their portfolio WINCHESTER, MA 376,832376.8k $21.8m $21.8m 3.16% Reduced -10.0k -10,012
81 Shepherd Financial Partners LLC 1.78% of their portfolio WINCHESTER, MA 376,221376.2k $21.7m $21.7m 1.78% Reduced -50 -50
82 Fund Evaluation Group, LLC 0.58% of their portfolio CINCINNATI, OH 374,838374.8k $21.6m $21.6m 0.58% Reduced -56.5k -56,490
83 Lido Advisors, LLC 0.08% of their portfolio Los Angeles, CA 374,702374.7k $21.6m $21.6m 0.08% Added +8.1k +8,117
84 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 374,428374.4k $21.6m $21.6m 0.04% Added +83.9k +83,898
85 CIBC Bancorp USA Inc. 0.03% of their portfolio CHICAGO, IL 374,375374.4k $21.1m $21.1m 0.03% Added +85.1k +85,082
86 PARK AVENUE SECURITIES LLC 0.13% of their portfolio NEW YORK, NY 366,031366.0k $21.1m $21.1m 0.13% Reduced -9.7k -9,734
87 TPG Financial Advisors, LLC 6.22% of their portfolio PORTLAND, OR 361,261361.3k $20.8m $20.8m 6.22% Added +28.6k +28,572
88 Atlas Private Wealth Advisors 4.44% of their portfolio RED BANK, NJ 351,572351.6k $20.3m $20.3m 4.44% Added +1.7k +1,706
89 EVERMAY WEALTH MANAGEMENT LLC 2.08% of their portfolio ARLINGTON, VA 349,702349.7k $20.2m $20.2m 2.08% Added +28.0k +28,004
90 Trustees of Dartmouth College 6.02% of their portfolio HANOVER, NH 349,430349.4k $20.2m $20.2m 6.02% New
91 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.03% of their portfolio PLYMOUTH, MN 345,538345.5k $19.3m $19.3m 0.03% Added +8.7k +8,655
92 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 344,894344.9k $19.9m $19.9m 0.02% Added +65.7k +65,708
93 Hancock Prospecting Pty Ltd 0.35% of their portfolio West Perth, C3 342,840342.8k $19.8m $19.8m 0.35% Unchanged
94 CAHABA WEALTH MANAGEMENT, INC. 1.14% of their portfolio Atlanta, GA 328,118328.1k $18.9m $18.9m 1.14% Reduced -3.9k -3,934
95 Impact Partnership Wealth, LLC 1.83% of their portfolio MARIETTA, GA 326,161326.2k $18.8m $18.8m 1.83% Reduced -177.5k -177,531
96 Merit Financial Group, LLC 0.12% of their portfolio ALPHARETTA, GA 325,390325.4k $18.8m $18.8m 0.12% Reduced -1.0k -1,027
97 Foguth Wealth Management, LLC. 2.07% of their portfolio BRIGHTON, MI 323,245323.2k $18.2m $18.2m 2.07% Added +86.0k +85,979
98 PRINCIPAL SECURITIES, INC. 0.22% of their portfolio DES MOINES, IA 319,166319.2k $18.4m $18.4m 0.22% Added +172.4k +172,441
99 Leicht Financial Planning & Wealth Management, Inc. 7.43% of their portfolio PARSIPPANY, NJ 314,283314.3k $18.1m $18.1m 7.43% Reduced -62.3k -62,329
100 WBH ADVISORY INC 1.21% of their portfolio BALTIMORE, MD 312,928312.9k $18.0m $18.0m 1.21% Reduced -591 -591