Vault-13

SSGA ACTIVE TR HYBL

SPDR BLACKSTONE · ETP · CUSIP 78470P846

76 institutional holders +2 vs Q1 2025
11,740,52411.7m shares reported held*
$335.6mreported value*
12 new 38 added 17 reduced 9 sold out net bought ≈ $65.8m (+2.3m 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 ($17.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $28.58.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 7Q4 22: 7Q1 23: 15Q2 23: 24Q3 23: 37Q4 23: 53Q1 24: 51Q2 24: 61Q3 24: 62Q4 24: 72Q1 25: 74Q2 25: 7676Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 20227
Q4 20227
Q1 202315
Q2 202324
Q3 202337
Q4 202353
Q1 202451
Q2 202461
Q3 202462
Q4 202472
Q1 202574
Q2 202576

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 24 bought or addedQ3 23: 9 cut or sold outQ4 23: 35 bought or addedQ4 23: 13 cut or sold outQ4 23Q1 24: 35 bought or addedQ1 24: 20 cut or sold outQ2 24: 37 bought or addedQ2 24: 15 cut or sold outQ2 24Q3 24: 38 bought or addedQ3 24: 22 cut or sold outQ4 24: 51 bought or addedQ4 24: 18 cut or sold outQ4 24Q1 25: 48 bought or addedQ1 25: 17 cut or sold outQ2 25: 50 bought or addedQ2 25: 26 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023249
Q4 20233513
Q1 20243520
Q2 20243715
Q3 20243822
Q4 20245118
Q1 20254817
Q2 20255026

Biggest buyers

ZEGA Investments, LLC Added +841,188+841.2k
ROYAL BANK OF CANADA Added +236,908+236.9k
Concord Wealth Partners Added +208,041+208.0k
MORGAN STANLEY Added +197,037+197.0k
Concord Asset Management, LLC/VA Added +169,961+170.0k
Advance Capital Management, Inc. Added +157,242+157.2k
Inspire Advisors, LLC New +151,524+151.5k
ENVESTNET ASSET MANAGEMENT INC Added +128,709+128.7k
BANK OF AMERICA CORP /DE/ Added +121,921+121.9k
Eldridge Investment Advisors, Inc. New +102,222+102.2k

Biggest sellers

Sharkey, Howes & Javer Reduced -211,023-211.0k
Horizon Investments, LLC Sold out -124,711-124.7k
Luken Investment Analytics, LLC Reduced -79,184-79.2k
HARBOR ADVISORY CORP /MA/ Sold out -76,082-76.1k
ORBA Wealth Advisors, L.L.C. Reduced -53,854-53.9k
JANE STREET GROUP, LLC Reduced -51,856-51.9k
B. Riley Wealth Advisors, Inc. Sold out -14,700-14.7k
NovaPoint Capital, LLC Sold out -11,804-11.8k
KINGSWOOD WEALTH ADVISORS, LLC Reduced -10,000-10.0k
HANOVER ADVISORS INC Reduced -9,715-9.7k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ZEGA Investments, LLC 8.52% of their portfolio PALM BEACH GARDENS, FL 1,187,2911.2m $33.9m $33.9m 8.52% Added +841.2k +841,188
2 Concord Wealth Partners 4.22% of their portfolio ABINGDON, VA 1,012,4931.0m $28.9m $28.9m 4.22% Added +208.0k +208,041
3 Concord Asset Management, LLC/VA 4.35% of their portfolio ABINGDON, VA 1,012,4931.0m $28.9m $28.9m 4.35% Added +170.0k +169,961
4 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 929,384929.4k $26.6m $26.6m 0.01% Added +33.9k +33,869
5 UBS Group AG 0.01% of their portfolio ZURICH, V8 917,612917.6k $26.2m $26.2m 0.01% Added +40.1k +40,053
6 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 577,051577.1k $16.5m $16.5m 0.01% Added +82.1k +82,063
7 Advance Capital Management, Inc. 0.65% of their portfolio SOUTHFIELD, MI 499,848499.8k $14.3m $14.3m 0.65% Added +157.2k +157,242
8 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 495,625495.6k $14.2m $14.2m 0.00% Added +128.7k +128,709
9 Rathbones Group PLC 0.05% of their portfolio Liverpool, X0 436,000436.0k $12.5m $12.5m 0.05% Unchanged
10 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 422,464422.5k $12.1m $12.1m 0.00% Added +236.9k +236,908
11 Pallas Capital Advisors LLC 0.44% of their portfolio BRAINTREE, MA 407,600407.6k $11.7m $11.7m 0.44% Added +78.1k +78,079
12 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 299,272299.3k $8.6m $8.6m 0.00% Added +121.9k +121,921
13 Luken Investment Analytics, LLC 3.29% of their portfolio BRENTWOOD, TN 262,751262.8k $7.5m $7.5m 3.29% Reduced -79.2k -79,184
14 Hedeker Wealth, LLC 1.57% of their portfolio Lincolnshire, IL 236,126236.1k $6.8m $6.8m 1.57% Reduced -3.5k -3,539
15 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 206,010206.0k $5.9m $5.9m 0.00% Added +197.0k +197,037
16 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 202,956203.0k $5.8m $5.8m 0.00% Added +41.9k +41,852
17 SK Wealth Management, LLC 2.06% of their portfolio PROVIDENCE, RI 166,742166.7k $4.7m $4.7m 2.06% Added +63.3k +63,315
18 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 156,945156.9k $4.5m $4.5m 0.01% Added +16.6k +16,575
19 Inspire Advisors, LLC 0.45% of their portfolio Meridian, ID 151,524151.5k $4.3m $4.3m 0.45% New
20 Equitable Holdings, Inc. 0.03% of their portfolio NEW YORK, NY 144,732144.7k $4.1m $4.1m 0.03% Added +10.6k +10,622
21 CW Advisors, LLC 0.04% of their portfolio BOSTON, MA 132,848132.8k $3.8m $3.8m 0.04% Added +12.7k +12,725
22 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 123,153123.2k $3.5m $3.5m 0.01% Added +68.2k +68,150
23 Mariner, LLC 0.00% of their portfolio Overland Park, KS 107,064107.1k $3.1m $3.1m 0.00% Added +3.8k +3,831
24 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 107,062107.1k $3.1m $3.1m 0.00% Reduced -51.9k -51,856
25 Orion Porfolio Solutions, LLC 0.03% of their portfolio OMAHA, NE 103,601103.6k $3.0m $3.0m 0.03% Added +5.8k +5,791
26 Coppell Advisory Solutions LLC 0.21% of their portfolio COPPELL, TX 103,147103.1k $2.9m $2.9m 0.21% Reduced -5.0k -4,976
27 Eldridge Investment Advisors, Inc. 0.61% of their portfolio MANCHESTER, NH 102,222102.2k $2.9m $2.9m 0.61% New
28 World Investment Advisors 0.06% of their portfolio LINCROFT, NJ 98,69498.7k $2.8m $2.8m 0.06% Added +67.0k +66,974
29 CWM, LLC 0.01% of their portfolio OMAHA, NE 97,62897.6k $2.8m $2.8m 0.01% Added +8.0k +8,013
30 Ocean Park Asset Management, LLC 0.09% of their portfolio SANTA MONICA, CA 89,80089.8k $2.5m $2.5m 0.09% Unchanged
31 Collaborative Wealth Managment Inc. 1.03% of their portfolio LAKE MARY, FL 82,93582.9k $2.4m $2.4m 1.03% Added +12.2k +12,155
32 Envestnet Portfolio Solutions, Inc. 0.01% of their portfolio BERWYN, PA 78,54478.5k $2.2m $2.2m 0.01% Added +16.2k +16,164
33 Sharkey, Howes & Javer 0.29% of their portfolio DENVER, CO 75,52075.5k $2.2m $2.2m 0.29% Reduced -211.0k -211,023
34 Auour Investments LLC 0.70% of their portfolio WOBURN, MA 71,12771.1k $2.0m $2.0m 0.70% Reduced -2.6k -2,620
35 ORBA Wealth Advisors, L.L.C. 1.33% of their portfolio CHICAGO, IL 51,20151.2k $1.5m $1.5m 1.33% Reduced -53.9k -53,854
36 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 48,60348.6k $1.4m $1.4m 0.01% Reduced -2.8k -2,795
37 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 48,46948.5k $1.4m $1.4m 0.00% Reduced -567 -567
38 HANOVER ADVISORS INC 0.54% of their portfolio SENECA, SC 46,49146.5k $1.3m $1.3m 0.54% Reduced -9.7k -9,715
39 Advisory Services Network, LLC 0.02% of their portfolio ATLANTA, GA 38,39038.4k $1.1m $1.1m 0.02% Added +487 +487
40 THOMPSON DAVIS & CO., INC. 0.74% of their portfolio RICHMOND, VA 37,91637.9k $1.1m $1.1m 0.74% Reduced -190 -190
41 SHEETS SMITH WEALTH MANAGEMENT 0.09% of their portfolio WINSTON-SALEM, NC 28,32228.3k $809.7k $809.7k 0.09% Added +370 +370
42 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 26,26526.3k $750.9k $750.9k 0.00% New
43 Cooper Financial Group 0.07% of their portfolio IRVINE, CA 20,93220.9k $598.4k $598.4k 0.07% Reduced -32 -32
44 L & S Advisors Inc 0.06% of their portfolio Los Angeles, CA 19,99520.0k $571.7k $571.7k 0.06% Reduced -4.0k -3,956
45 BayBridge Capital Group, LLC 0.36% of their portfolio LIVERMORE, CA 19,77919.8k $565.5k $565.5k 0.36% Added +1.5k +1,521
46 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 18,95919.0k $542.0k $542.0k 0.00% Added +1.9k +1,903
47 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 18,08018.1k $517.0k $517.0k 0.00% Added +350 +350
48 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 16,84816.8k $481.7k $481.7k 0.00% Added +2.3k +2,259
49 KINGSWOOD WEALTH ADVISORS, LLC 0.04% of their portfolio SAN DIEGO, CA 16,00016.0k $457.4k $457.4k 0.04% Reduced -10.0k -10,000
50 VestGen Advisors, LLC 0.02% of their portfolio CHICAGO, IL 15,49615.5k $440.7k $440.7k 0.02% Added +2.9k +2,900
51 Merit Financial Group, LLC 0.00% of their portfolio ALPHARETTA, GA 14,30614.3k $409.0k $409.0k 0.00% New
52 Marshall Financial Group, LLC 0.08% of their portfolio Hunt Valley, MD 14,10214.1k $401.6k $401.6k 0.08% Reduced -108 -108
53 FULLCIRCLE WEALTH LLC 0.14% of their portfolio MCKINNEY, TX 13,58313.6k $386.3k $386.3k 0.14% Unchanged
54 Gotham Asset Management, LLC 0.00% of their portfolio NEW YORK, NY 12,75712.8k $364.7k $364.7k 0.00% Added +2.3k +2,291
55 Moors & Cabot, Inc. 0.01% of their portfolio BOSTON, MA 11,17011.2k $319.4k $319.4k 0.01% Added +966 +966
56 WOODMONT INVESTMENT COUNSEL LLC 0.02% of their portfolio NASHVILLE, TN 11,16311.2k $319.1k $319.1k 0.02% Unchanged
57 Authentikos Wealth Advisory, LLC 0.21% of their portfolio MORGAN HILL, CA 10,72710.7k $306.7k $306.7k 0.21% New
58 COMERICA BANK 0.00% of their portfolio DALLAS, TX 10,50010.5k $300.2k $300.2k 0.00% Added +3.3k +3,284
59 BTC Capital Management, Inc. 0.02% of their portfolio DES MOINES, IA 10,00010.0k $285.9k $285.9k 0.02% New
60 Gateway Wealth Partners, LLC 0.05% of their portfolio APPLETON, WI 9,4289.4k $269.5k $269.5k 0.05% New
61 REDMONT WEALTH ADVISORS LLC 0.35% of their portfolio CHICAGO, IL 8,4628.5k $241.9k $241.9k 0.35% Added +1 +1
62 INSIGNEO ADVISORY SERVICES, LLC 0.02% of their portfolio MIAMI, FL 7,7717.8k $222.2k $222.2k 0.02% Reduced -1.1k -1,106
63 Wealth Watch Advisors, INC 0.13% of their portfolio ENGLEWOOD, CO 7,5777.6k $216.6k $216.6k 0.13% New
64 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 7,5527.6k $215.9k $215.9k 0.00% New
65 Clearstead Trust, LLC 0.04% of their portfolio PORTLAND, ME 6,6636.7k $190.5k $190.5k 0.04% Unchanged
66 Fairman Group, LLC 0.12% of their portfolio CHESTERBROOK, PA 5,2755.3k $150.8k $150.8k 0.12% Unchanged
67 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 3,3063.3k $94.5k $94.5k 0.00% New
68 NFSG Corp 0.01% of their portfolio BOCA RATON, FL 3,2003.2k $91.5k $91.5k 0.01% Added +2.8k +2,825
69 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 1,6581.7k $47.4k $47.4k 0.00% Reduced -810 -810
70 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 720720 $20.6k $20.6k 0.00% Added +210 +210
71 Capital A Wealth Management, LLC 0.20% of their portfolio CRANBERRY TWP, PA 623623 $17.5k $17.5k 0.20% New
72 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 500500 $14.3k $14.3k 0.00% Unchanged
73 GPS Wealth Strategies Group, LLC 0.00% of their portfolio CENTENNIAL, CO 7979 $2.3k $2.3k 0.00% Added +2 +2
74 Luminist Capital LLC 0.00% of their portfolio GRAND RAPIDS, MI 1111 $313 $313 0.00% New
75 Spurstone Advisory Services, LLC 0.00% of their portfolio HIGGANUM, CT 44 $114 $114 0.00% Unchanged
76 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged