Vault-13

SPDR SER TR SMLV

SSGA US SMAL ETF · ETP · CUSIP 78468R887

87 institutional holders +2 vs Q1 2025
789,662789.7k shares reported held*
$98.8mreported value*
5 new 36 added 23 reduced 4 sold out net bought ≈ $2.2m (+17.4k 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. Holder counts are more reliable. Implied quarter-end price ≈ $125.09.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 71Q4 22: 75Q1 23: 75Q2 23: 76Q3 23: 71Q4 23: 76Q1 24: 76Q2 24: 81Q3 24: 80Q4 24: 88Q1 25: 85Q2 25: 8787Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202271
Q4 202275
Q1 202375
Q2 202376
Q3 202371
Q4 202376
Q1 202476
Q2 202481
Q3 202480
Q4 202488
Q1 202585
Q2 202587

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 23: 28 bought or addedQ3 23: 35 cut or sold outQ4 23: 30 bought or addedQ4 23: 36 cut or sold outQ4 23Q1 24: 38 bought or addedQ1 24: 32 cut or sold outQ2 24: 34 bought or addedQ2 24: 36 cut or sold outQ2 24Q3 24: 37 bought or addedQ3 24: 35 cut or sold outQ4 24: 41 bought or addedQ4 24: 34 cut or sold outQ4 24Q1 25: 36 bought or addedQ1 25: 41 cut or sold outQ2 25: 41 bought or addedQ2 25: 27 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232835
Q4 20233036
Q1 20243832
Q2 20243436
Q3 20243735
Q4 20244134
Q1 20253641
Q2 20254127

Biggest buyers

SUSQUEHANNA INTERNATIONAL GROUP, LLP New +19,694+19.7k
LPL Financial LLC Added +15,146+15.1k
DORVAL Corp Added +2,986+3.0k
Cambridge Investment Research Advisors, Inc. Added +2,941+2.9k
Fragasso Financial Advisors Inc New +2,909+2.9k
PARK AVENUE SECURITIES LLC Added +2,864+2.9k
Composition Wealth, LLC New +2,725+2.7k
JONES FINANCIAL COMPANIES LLLP Added +2,549+2.5k
Cetera Investment Advisers Added +2,545+2.5k
ROYAL BANK OF CANADA Added +1,862+1.9k

Biggest sellers

CW Advisors, LLC Reduced -20,452-20.5k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -6,829-6.8k
Equitable Holdings, Inc. Sold out -3,985-4.0k
TWO SIGMA INVESTMENTS, LP Reduced -3,000-3.0k
CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC Sold out -2,302-2.3k
Capital Analysts, LLC Reduced -2,143-2.1k
Private Advisor Group, LLC Reduced -1,802-1.8k
ENVESTNET ASSET MANAGEMENT INC Reduced -1,140-1.1k
PNC Financial Services Group, Inc. Reduced -1,003-1.0k
IAG Wealth Partners, LLC Reduced -706-706

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CW Advisors, LLC 0.10% of their portfolio BOSTON, MA 85,69585.7k $10.7m $10.7m 0.10% Reduced -20.5k -20,452
2 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 75,09275.1k $9.4m $9.4m 0.00% Added +15.1k +15,146
3 DORVAL Corp 3.32% of their portfolio MAPLE GROVE, MN 74,20274.2k $9.3m $9.3m 3.32% Added +3.0k +2,986
4 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 64,88964.9k $8.1m $8.1m 0.02% Added +2.9k +2,941
5 IEQ CAPITAL, LLC 0.04% of their portfolio Foster City, CA 56,02556.0k $7.0m $7.0m 0.04% Unchanged
6 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 46,57146.6k $5.8m $5.8m 0.00% Unchanged
7 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 36,64236.6k $4.6m $4.6m 0.00% Added +656 +656
8 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 24,82124.8k $3.1m $3.1m 0.00% Reduced -6.8k -6,829
9 McNaughton Wealth Management, LLC 1.31% of their portfolio SAN DIEGO, CA 23,41723.4k $2.9m $2.9m 1.31% Added +450 +450
10 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 19,69419.7k $2.5m $2.5m 0.00% New
11 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 17,28717.3k $2.2m $2.2m 0.00% Reduced -1.1k -1,140
12 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 13,56213.6k $1.7m $1.7m 0.00% Added +1.2k +1,238
13 Johnson & White Wealth Management, LLC 0.84% of their portfolio YORK, PA 13,36113.4k $1.7m $1.7m 0.84% Added +425 +425
14 IAG Wealth Partners, LLC 0.22% of their portfolio WAUKESHA, WI 13,28013.3k $1.7m $1.7m 0.22% Reduced -706 -706
15 AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio DALLAS, TX 11,00111.0k $1.4m $1.4m 0.01% Reduced -240 -240
16 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 10,66410.7k $1.3m $1.3m 0.00% Added +646 +646
17 UBS Group AG 0.00% of their portfolio ZURICH, V8 10,28510.3k $1.3m $1.3m 0.00% Added +152 +152
18 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 9,7989.8k $1.2m $1.2m 0.01% Added +2.9k +2,864
19 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 9,3289.3k $1.2m $1.2m 0.00% Reduced -1.0k -1,003
20 Insight Advisors, LLC/ PA 0.17% of their portfolio Newtown, PA 8,4808.5k $1.1m $1.1m 0.17% Reduced -343 -343
21 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 8,2258.2k $1.0m $1.0m 0.00% Added +2.5k +2,545
22 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 7,7027.7k $963.6k $963.6k 0.00% Unchanged
23 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 7,4007.4k $925.8k $925.8k 0.00% Reduced -3.0k -3,000
24 COWA, LLC 0.35% of their portfolio Tulsa, OK 7,3877.4k $924.1k $924.1k 0.35% Added +319 +319
25 HF Advisory Group, LLC 0.36% of their portfolio Annapolis, MD 7,2897.3k $912.0k $912.0k 0.36% Reduced -89 -89
26 Savant Capital, LLC 0.01% of their portfolio ROCKFORD, IL 6,2556.3k $782.6k $782.6k 0.01% Reduced -462 -462
27 Pacific Sun Financial Corp 0.40% of their portfolio LOS ANGELES, CA 6,1946.2k $774.9k $774.9k 0.40% Reduced -450 -450
28 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 6,1006.1k $763.2k $763.2k 0.00% Added +9 +9
29 Navis Wealth Advisors, LLC 0.64% of their portfolio RYE BROOK, NY 6,0506.0k $756.9k $756.9k 0.64% Added +40 +40
30 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.01% of their portfolio IRVING, TX 5,7865.8k $723.9k $723.9k 0.01% Reduced -114 -114
31 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 5,7625.8k $720.9k $720.9k 0.00% Added +798 +798
32 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 5,5135.5k $689.9k $689.9k 0.00% Added +2.5k +2,549
33 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 5,1185.1k $641.1k $641.1k 0.00% Added +741 +741
34 SUMMIT WEALTH GROUP LLC / CO 0.14% of their portfolio COLORADO SPRINGS, CO 4,4934.5k $562.1k $562.1k 0.14% First filing
35 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 4,3914.4k $549.3k $549.3k 0.01% Reduced -653 -653
36 Portland Financial Advisors Inc 1.27% of their portfolio PORT WASHINGTON, NY 4,2154.2k $527.3k $527.3k 1.27% Unchanged
37 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 4,0564.1k $507.6k $507.6k 0.01% Added +111 +111
38 Ausdal Financial Partners, Inc. 0.03% of their portfolio Davenport, IA 3,9854.0k $498.5k $498.5k 0.03% Added +26 +26
39 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 3,8463.8k $481.2k $481.2k 0.00% Added +25 +25
40 Strategic Blueprint, LLC 0.02% of their portfolio ATLANTA, GA 3,1103.1k $389.1k $389.1k 0.02% Unchanged
41 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 3,0623.1k $383.0k $383.0k 0.00% Added +41 +41
42 McAdam, LLC 0.02% of their portfolio Philadelphia, PA 2,9883.0k $373.8k $373.8k 0.02% Added +157 +157
43 Jaffetilchin Investment Partners, LLC 0.02% of their portfolio TAMPA, FL 2,9793.0k $372.7k $372.7k 0.02% Added +8 +8
44 Capital Analysts, LLC 0.01% of their portfolio FORT WASHINGTON, PA 2,9743.0k $372.0k $372.0k 0.01% Reduced -2.1k -2,143
45 ROFFMAN MILLER ASSOCIATES INC /PA/ 0.02% of their portfolio PHILADELPHIA, PA 2,9322.9k $366.8k $366.8k 0.02% Added +16 +16
46 Fragasso Financial Advisors Inc 0.02% of their portfolio SEWICKLEY, PA 2,9092.9k $364.0k $364.0k 0.02% New
47 Composition Wealth, LLC 0.01% of their portfolio LOS ANGELES, CA 2,7252.7k $340.9k $340.9k 0.01% New
48 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,6922.7k $338.0k $338.0k 0.00% Added +1.9k +1,862
49 DOHJ, LLC 0.09% of their portfolio SEATTLE, WA 2,5552.6k $299.8k $299.8k 0.09% Reduced -1 -1
50 Waverly Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 2,5452.5k $318.4k $318.4k 0.00% Reduced -268 -268
51 Swisher Financial Concepts, Inc. 0.21% of their portfolio WESTERVILLE, OH 2,5412.5k $318.0k $318.0k 0.21% Added +186 +186
52 Continuum Advisory, LLC 0.03% of their portfolio EAGLE, ID 2,2722.3k $284.3k $284.3k 0.03% Added +12 +12
53 Compound Planning, Inc. 0.01% of their portfolio NEW YORK, NY 2,2352.2k $279.6k $279.6k 0.01% Reduced -45 -45
54 Western Wealth Management, LLC 0.02% of their portfolio GOLDEN, CO 2,0152.0k $252.0k $252.0k 0.02% Added +1 +1
55 IHT Wealth Management, LLC 0.01% of their portfolio Chicago, IL 1,9912.0k $249.1k $249.1k 0.01% Added +12 +12
56 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 1,9241.9k $240.7k $240.7k 0.00% Reduced -1.8k -1,802
57 High Net Worth Advisory Group LLC 0.06% of their portfolio NAPLES, FL 1,8701.9k $234.0k $234.0k 0.06% Reduced -35 -35
58 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.00% of their portfolio LOS ANGELES, CA 1,6021.6k $200.4k $200.4k 0.00% New
59 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 1,4001.4k $175.2k $175.2k 0.00% Unchanged
60 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 1,0521.1k $131.6k $131.6k 0.00% Unchanged
61 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 720720 $90.1k $90.1k 0.00% Unchanged
62 SOA Wealth Advisors, LLC. 0.02% of their portfolio NEW YORK, NY 668668 $83.5k $83.5k 0.02% Added +4 +4
63 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 629629 $78.7k $78.7k 0.00% Added +12 +12
64 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 480480 $60.1k $60.1k 0.00% Unchanged
65 Sage Mountain Advisors LLC 0.00% of their portfolio ATLANTA, GA 452452 $56.6k $56.6k 0.00% Unchanged
66 AdvisorNet Financial, Inc 0.00% of their portfolio MINNETONKA, MN 383383 $47.9k $47.9k 0.00% Added +3 +3
67 Medallion Wealth Advisors, LLC 0.01% of their portfolio FARMINGTON, CT 250250 $31.8k $31.8k 0.01% Unchanged
68 VALLEY NATIONAL ADVISERS INC 0.00% of their portfolio BETHLEHEM, PA 191191 $23.0k $23.0k 0.00% Unchanged
69 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 165165 $20.6k $20.6k 0.00% New
70 Tidemark, LLC 0.01% of their portfolio SAN DIEGO, CA 162162 $20.3k $20.3k 0.01% Unchanged
71 FMR LLC 0.00% of their portfolio BOSTON, MA 157157 $19.7k $19.7k 0.00% Reduced -23 -23
72 Winthrop Capital Management, LLC 0.00% of their portfolio Carmel, IN 142142 $18.0k $18.0k 0.00% Reduced -7 -7
73 Painted Porch Advisors LLC 0.01% of their portfolio SANTA BARBARA, CA 115115 $14.4k $14.4k 0.01% Added +1 +1
74 N.E.W. Advisory Services LLC 0.00% of their portfolio DE PERE, WI 113113 $14.2k $14.2k 0.00% Added +1 +1
75 Vermillion Wealth Management, Inc. 0.01% of their portfolio ROSEMOUNT, MN 112112 $14.0k $14.0k 0.01% Added +1 +1
76 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 110110 $13.0k $13.0k 0.00% Unchanged
77 Reyes Financial Architecture, Inc. 0.01% of their portfolio SAN DIEGO, CA 100100 $12.5k $12.5k 0.01% Unchanged
78 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 8989 $11.1k $11.1k 0.00% Reduced -40 -40
79 Bogart Wealth, LLC 0.00% of their portfolio MCLEAN, VA 7474 $9.3k $9.3k 0.00% Unchanged
80 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 6969 $8.6k $8.6k 0.00% Unchanged
81 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 6767 $8.4k $8.4k 0.00% Unchanged
82 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 6666 $8.3k $8.3k 0.00% Unchanged
83 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 5959 $7.4k $7.4k 0.00% Added +1 +1
84 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 3737 $4.6k $4.6k 0.00% Reduced -125 -125
85 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 1010 $1.3k $1.3k 0.00% Unchanged
86 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 88 $1.0k $1.0k 0.00% Unchanged
87 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged