Vault-13

SPDR SER TR SMLV

SSGA US SMAL ETF · ETP · CUSIP 78468R887

94 institutional holders +3 vs Q3 2025
795,840795.8k shares reported held*
$104.4mreported value*
8 new 30 added 32 reduced 7 sold out net bought ≈ $2.3m (+11.0k 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 ≈ $131.13.

Trends to Q4 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: 87Q3 25: 91Q4 25: 9494Q3 22Q2 23Q1 24Q4 24Q4 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
Q3 202591
Q4 202594

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q1 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 25Q3 25: 40 bought or addedQ3 25: 30 cut or sold outQ4 25: 38 bought or addedQ4 25: 39 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20243832
Q2 20243436
Q3 20243735
Q4 20244134
Q1 20253641
Q2 20254127
Q3 20254030
Q4 20253839

Biggest buyers

ROYAL BANK OF CANADA Added +19,295+19.3k
AQR CAPITAL MANAGEMENT LLC Added +10,817+10.8k
Cambridge Investment Research Advisors, Inc. Added +5,959+6.0k
CITADEL ADVISORS LLC New +5,030+5.0k
Cetera Investment Advisers Added +3,472+3.5k
LPL Financial LLC Added +3,146+3.1k
DORVAL Corp Added +2,744+2.7k
NorthRock Partners, LLC Added +1,390+1.4k
UBS Group AG Added +1,326+1.3k
JONES FINANCIAL COMPANIES LLLP Added +1,063+1.1k

Biggest sellers

OSAIC HOLDINGS, INC. Reduced -11,025-11.0k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -7,193-7.2k
ENVESTNET ASSET MANAGEMENT INC Reduced -6,423-6.4k
SUMMIT WEALTH GROUP LLC / CO Reduced -5,955-6.0k
McNaughton Wealth Management, LLC Reduced -4,458-4.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -2,005-2.0k
KESTRA PRIVATE WEALTH SERVICES, LLC Sold out -1,702-1.7k
Grey Fox Wealth Advisors, LLC Sold out -1,611-1.6k
Ausdal Financial Partners, Inc. Reduced -1,537-1.5k
TWO SIGMA INVESTMENTS, LP Reduced -1,300-1.3k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 84,51784.5k $11.1m $11.1m 0.02% Reduced -11.0k -11,025
2 DORVAL Corp 3.36% of their portfolio MAPLE GROVE, MN 80,28280.3k $10.5m $10.5m 3.36% Added +2.7k +2,744
3 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 74,82274.8k $9.8m $9.8m 0.03% Added +6.0k +5,959
4 IEQ CAPITAL, LLC 0.03% of their portfolio Foster City, CA 66,84266.8k $8.8m $8.8m 0.03% Unchanged
5 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 65,44765.4k $8.6m $8.6m 0.00% Added +3.1k +3,146
6 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 57,38857.4k $7.5m $7.5m 0.00% Added +10.8k +10,817
7 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 25,46425.5k $3.3m $3.3m 0.00% Added +3.5k +3,472
8 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 21,74421.7k $2.9m $2.9m 0.00% Added +19.3k +19,295
9 McNaughton Wealth Management, LLC 1.06% of their portfolio SAN DIEGO, CA 19,72519.7k $2.6m $2.6m 1.06% Reduced -4.5k -4,458
10 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 16,27416.3k $2.1m $2.1m 0.00% Reduced -7.2k -7,193
11 UBS Group AG 0.00% of their portfolio ZURICH, V8 15,09415.1k $2.0m $2.0m 0.00% Added +1.3k +1,326
12 Johnson & White Wealth Management, LLC 0.78% of their portfolio YORK, PA 13,60513.6k $1.8m $1.8m 0.78% Added +137 +137
13 IAG Wealth Partners, LLC 0.19% of their portfolio WAUKESHA, WI 12,52812.5k $1.6m $1.6m 0.19% Reduced -269 -269
14 Capital Developers, LLC 1.43% of their portfolio Greenville, NC 12,19712.2k $1.6m $1.6m 1.43% First filing
15 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 11,56111.6k $1.5m $1.5m 0.00% Reduced -953 -953
16 NorthRock Partners, LLC 0.02% of their portfolio MINNEAPOLIS, MN 10,81110.8k $1.4m $1.4m 0.02% Added +1.4k +1,390
17 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 10,43510.4k $1.4m $1.4m 0.00% Reduced -6.4k -6,423
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 10,19210.2k $1.3m $1.3m 0.00% Reduced -35 -35
19 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 8,9418.9k $1.2m $1.2m 0.00% Reduced -155 -155
20 Insight Advisors, LLC/ PA 0.17% of their portfolio Newtown, PA 8,6598.7k $1.1m $1.1m 0.17% Added +109 +109
21 HF Advisory Group, LLC 0.37% of their portfolio Annapolis, MD 8,0098.0k $1.1m $1.1m 0.37% Added +384 +384
22 COWA, LLC 0.31% of their portfolio Tulsa, OK 7,7817.8k $1.0m $1.0m 0.31% Added +257 +257
23 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 7,7027.7k $1.0m $1.0m 0.00% Reduced -60 -60
24 Pathfinder Wealth Consulting, Inc. 0.58% of their portfolio WILMINGTON, NC 6,9657.0k $913.3k $913.3k 0.58% First filing
25 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 6,9527.0k $911.6k $911.6k 0.00% Added +1.1k +1,063
26 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 6,3846.4k $837.1k $837.1k 0.00% Reduced -1.1k -1,085
27 Navis Wealth Advisors, LLC 0.34% of their portfolio RYE BROOK, NY 6,1386.1k $804.8k $804.8k 0.34% Added +48 +48
28 Pacific Sun Financial Corp 0.37% of their portfolio LOS ANGELES, CA 5,8945.9k $772.9k $772.9k 0.37% Reduced -115 -115
29 Savant Capital, LLC 0.00% of their portfolio ROCKFORD, IL 5,8005.8k $760.5k $760.5k 0.00% Reduced -43 -43
30 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 5,4895.5k $719.7k $719.7k 0.00% Reduced -100 -100
31 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 5,4485.4k $714.4k $714.4k 0.00% Added +20 +20
32 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.00% of their portfolio IRVING, TX 5,3205.3k $697.6k $697.6k 0.00% Reduced -234 -234
33 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 5,3005.3k $695.0k $695.0k 0.00% Reduced -1.3k -1,300
34 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 5,0305.0k $659.6k $659.6k 0.00% New
35 Portland Financial Advisors Inc 1.18% of their portfolio PORT WASHINGTON, NY 4,2154.2k $552.7k $552.7k 1.18% Unchanged
36 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 4,0264.0k $527.9k $527.9k 0.00% Added +696 +696
37 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 3,9834.0k $522.3k $522.3k 0.01% Unchanged
38 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 3,9023.9k $511.6k $511.6k 0.00% Added +31 +31
39 SUMMIT WEALTH GROUP LLC / CO 0.06% of their portfolio COLORADO SPRINGS, CO 3,6453.6k $478.0k $478.0k 0.06% Reduced -6.0k -5,955
40 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 3,6003.6k $472.0k $472.0k 0.00% Reduced -305 -305
41 PARK AVENUE SECURITIES LLC 0.00% of their portfolio NEW YORK, NY 3,5043.5k $460.0k $460.0k 0.00% Reduced -1.2k -1,214
42 McAdam, LLC 0.02% of their portfolio Philadelphia, PA 3,4593.5k $453.6k $453.6k 0.02% Added +302 +302
43 Strategic Blueprint, LLC 0.02% of their portfolio ATLANTA, GA 3,1103.1k $407.8k $407.8k 0.02% Unchanged
44 Jaffetilchin Investment Partners, LLC 0.02% of their portfolio TAMPA, FL 2,9903.0k $392.1k $392.1k 0.02% Reduced -6 -6
45 Capital Analysts, LLC 0.01% of their portfolio FORT WASHINGTON, PA 2,8872.9k $378.0k $378.0k 0.01% Reduced -160 -160
46 Fragasso Financial Advisors Inc 0.02% of their portfolio SEWICKLEY, PA 2,8712.9k $376.5k $376.5k 0.02% Unchanged
47 ROFFMAN MILLER ASSOCIATES INC /PA/ 0.02% of their portfolio PHILADELPHIA, PA 2,6952.7k $353.3k $353.3k 0.02% Reduced -13 -13
48 Ausdal Financial Partners, Inc. 0.02% of their portfolio Davenport, IA 2,5582.6k $335.4k $335.4k 0.02% Reduced -1.5k -1,537
49 Waverly Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 2,5402.5k $333.1k $333.1k 0.00% Added +1 +1
50 Swisher Financial Concepts, Inc. 0.18% of their portfolio WESTERVILLE, OH 2,3682.4k $310.5k $310.5k 0.18% Added +112 +112
51 Continuum Advisory, LLC 0.03% of their portfolio EAGLE, ID 2,2822.3k $299.2k $299.2k 0.03% Unchanged
52 Compound Planning, Inc. 0.01% of their portfolio NEW YORK, NY 2,2332.2k $292.8k $292.8k 0.01% Reduced -13 -13
53 Western Wealth Management, LLC 0.01% of their portfolio GOLDEN, CO 2,0152.0k $264.2k $264.2k 0.01% Unchanged
54 IHT Wealth Management, LLC 0.01% of their portfolio Chicago, IL 1,9171.9k $251.4k $251.4k 0.01% Reduced -86 -86
55 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 1,8761.9k $246.0k $246.0k 0.00% Added +317 +317
56 Mariner, LLC 0.00% of their portfolio Overland Park, KS 1,8171.8k $238.3k $238.3k 0.00% Reduced -233 -233
57 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 1,7441.7k $228.7k $228.7k 0.00% Reduced -28 -28
58 High Net Worth Advisory Group LLC 0.05% of their portfolio NAPLES, FL 1,7021.7k $223.2k $223.2k 0.05% Reduced -168 -168
59 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.00% of their portfolio LOS ANGELES, CA 1,5671.6k $205.5k $205.5k 0.00% Added +12 +12
60 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 1,4001.4k $183.6k $183.6k 0.00% Unchanged
61 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 1,0521.1k $137.9k $137.9k 0.00% Unchanged
62 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,0451.0k $137.0k $137.0k 0.00% New
63 SageView Advisory Group, LLC 0.00% of their portfolio Newport Beach, CA 990990 $129.8k $129.8k 0.00% New
64 FLAGSHIP HARBOR ADVISORS, LLC 0.01% of their portfolio BOSTON, MA 966966 $126.7k $126.7k 0.01% New
65 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 927927 $121.6k $121.6k 0.00% New
66 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 725725 $95.1k $95.1k 0.00% Reduced -15 -15
67 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 480480 $62.9k $62.9k 0.00% Unchanged
68 Sage Mountain Advisors LLC 0.00% of their portfolio ATLANTA, GA 452452 $59.3k $59.3k 0.00% Unchanged
69 AdvisorNet Financial, Inc 0.00% of their portfolio MINNETONKA, MN 388388 $50.9k $50.9k 0.00% Added +3 +3
70 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 344344 $45.1k $45.1k 0.00% Unchanged
71 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 270270 $35.7k $35.7k 0.00% New
72 Medallion Wealth Advisors, LLC 0.01% of their portfolio FARMINGTON, CT 250250 $32.8k $32.8k 0.01% Unchanged
73 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 239239 $31.3k $31.3k 0.00% Added +74 +74
74 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 233233 $30.6k $30.6k 0.00% Added +20 +20
75 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio ORLANDO, FL 200200 $26.2k $26.2k 0.00% New
76 VALLEY NATIONAL ADVISERS INC 0.00% of their portfolio BETHLEHEM, PA 191191 $25.0k $25.0k 0.00% Added +140 +140
77 Tidemark, LLC 0.01% of their portfolio SAN DIEGO, CA 162162 $21.2k $21.2k 0.01% Unchanged
78 FMR LLC 0.00% of their portfolio BOSTON, MA 153153 $20.1k $20.1k 0.00% Reduced -6 -6
79 Winthrop Capital Management, LLC 0.00% of their portfolio Carmel, IN 142142 $19.0k $19.0k 0.00% Unchanged
80 Vermillion Wealth Management, Inc. 0.01% of their portfolio ROSEMOUNT, MN 121121 $15.9k $15.9k 0.01% Added +1 +1
81 N.E.W. Advisory Services LLC 0.00% of their portfolio DE PERE, WI 115115 $15.0k $15.0k 0.00% Added +1 +1
82 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 110110 $14.4k $14.4k 0.00% Unchanged
83 Root Financial Partners, LLC 0.00% of their portfolio ENCINITAS, CA 107107 $14.1k $14.1k 0.00% Unchanged
84 Bogart Wealth, LLC 0.00% of their portfolio MCLEAN, VA 7474 $9.7k $9.7k 0.00% Unchanged
85 Reyes Financial Architecture, Inc. 0.01% of their portfolio SAN DIEGO, CA 7373 $9.6k $9.6k 0.01% Reduced -27 -27
86 SOA Wealth Advisors, LLC. 0.00% of their portfolio NEW YORK, NY 7070 $9.2k $9.2k 0.00% Reduced -602 -602
87 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 6767 $8.8k $8.8k 0.00% Added +1 +1
88 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 6767 $8.8k $8.8k 0.00% Unchanged
89 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 6363 $8.3k $8.3k 0.00% Reduced -6 -6
90 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 5959 $7.7k $7.7k 0.00% Unchanged
91 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 3737 $4.9k $4.9k 0.00% Unchanged
92 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 1111 $1.5k $1.5k 0.00% New
93 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 1010 $1.3k $1.3k 0.00% Unchanged
94 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $109 $109 0.00% Added +1 +1