Vault-13

SSGA ACTIVE TR

SPDR NUVEEN MUN · CUSIP 78470P853

13 institutional holders -3 vs Q3 2025
273,973274.0k shares reported held*
$8.0mreported value*
3 new 5 added 3 reduced 6 sold out net sold ≈ $1.9m (-64.8k 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 ≈ $29.04.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

01020Q3 22: 6Q4 22: 6Q1 23: 7Q2 23: 6Q3 23: 8Q4 23: 9Q1 24: 10Q2 24: 14Q3 24: 15Q4 24: 19Q1 25: 20Q2 25: 18Q3 25: 16Q4 25: 1313Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 20226
Q4 20226
Q1 20237
Q2 20236
Q3 20238
Q4 20239
Q1 202410
Q2 202414
Q3 202415
Q4 202419
Q1 202520
Q2 202518
Q3 202516
Q4 202513

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q1 24: 6 bought or addedQ1 24: 2 cut or sold outQ2 24: 5 bought or addedQ2 24: 6 cut or sold outQ2 24Q3 24: 6 bought or addedQ3 24: 5 cut or sold outQ4 24: 8 bought or addedQ4 24: 3 cut or sold outQ4 24Q1 25: 8 bought or addedQ1 25: 8 cut or sold outQ2 25: 7 bought or addedQ2 25: 7 cut or sold outQ2 25Q3 25: 8 bought or addedQ3 25: 8 cut or sold outQ4 25: 8 bought or addedQ4 25: 9 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 202462
Q2 202456
Q3 202465
Q4 202483
Q1 202588
Q2 202577
Q3 202588
Q4 202589

Biggest buyers

FLOW TRADERS U.S. LLC Added +63,634+63.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +25,378+25.4k
NATURAL INVESTMENTS, LLC New +12,402+12.4k
SageView Advisory Group, LLC New +1,099+1.1k
Orion Porfolio Solutions, LLC Added +209+209
Sprinkle Financial Consultants LLC Added +102+102
UBS Group AG New +66+66
PNC Financial Services Group, Inc. Added +56+56

Biggest sellers

Virtu Financial LLC Sold out -68,694-68.7k
JANE STREET GROUP, LLC Reduced -56,582-56.6k
CITADEL ADVISORS LLC Sold out -17,764-17.8k
COMMONWEALTH EQUITY SERVICES, LLC Sold out -8,108-8.1k
SEEDS INVESTOR LLC Sold out -7,235-7.2k
LongView Asset Management LLC Sold out -7,044-7.0k
OLD MISSION CAPITAL LLC Reduced -1,003-1.0k
Grey Fox Wealth Advisors, LLC Sold out -922-922
OSAIC HOLDINGS, INC. Reduced -400-400

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FLOW TRADERS U.S. LLC 0.10% of their portfolio NEW YORK, NY 100,063100.1k $2.9m $2.9m 0.10% Added +63.6k +63,634
2 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 83,78683.8k $2.4m $2.4m 0.00% Added +25.4k +25,378
3 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 40,08940.1k $1.2m $1.2m 0.00% Reduced -56.6k -56,582
4 NATURAL INVESTMENTS, LLC 0.09% of their portfolio WINDSOR, CA 12,40212.4k $360.0k $360.0k 0.09% New
5 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 11,00011.0k $319.5k $319.5k 0.00% Unchanged
6 Sprinkle Financial Consultants LLC 0.12% of their portfolio LITTLETON, CO 8,4028.4k $244.0k $244.0k 0.12% Added +102 +102
7 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 8,0828.1k $234.7k $234.7k 0.00% Added +209 +209
8 OLD MISSION CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 7,3267.3k $212.8k $212.8k 0.01% Reduced -1.0k -1,003
9 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 1,3071.3k $38.0k $38.0k 0.00% Added +56 +56
10 SageView Advisory Group, LLC 0.00% of their portfolio Newport Beach, CA 1,0991.1k $31.9k $31.9k 0.00% New
11 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 350350 $10.2k $10.2k 0.00% Reduced -400 -400
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 6666 $1.9k $1.9k 0.00% New
13 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 11 $32 $32 0.00% Unchanged