SPDR S&P Dividend ETF

SDY • ARCA

SPDR S&P Dividend ETF is an exchange-traded fund on ARCA. As of Q3 2025, 1,136 institutional investors hold shares in this ETF, with total holdings valued at $8.8B. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $1.0B.

Overview

Overview of institutional ownership in SDY as of Q3 2025

All Institutions

Institutions: 1,136
Value Held: $8.8B
Shares Held: 63.2M
Avg Position: $7.8M
Median Position: $629.5K

Hedge Funds

Hedge Funds: 11
Value Held: $19.5M
Shares Held: 139.5K
Avg Position: $1.8M
Median Position: $1.0M

Biggest Investors

Institutions with the largest positions in SDY as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$1.0B 0.08% of portfolio	7.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$664.5M 0.04% of portfolio	4.7M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$436.5M 0.14% of portfolio	3.1M shares	Q4 2024 Held for 11 months	$310.43B
L LPL Financial LLC Institution	-	$424.6M 0.12% of portfolio	3.0M shares	≤ Q2 2013 Held for 12y 5m+	$340.07B
Joel Isaacson & Co., LLC RIA/Wealth	David N Peltz CEO	$373.5M 13.49% of portfolio	2.7M shares	Q4 2012 Held for 12y 11m	$2.8B
R ROYAL BANK OF CANADA Institution	-	$301.0M 0.06% of portfolio	2.1M shares	≤ Q2 2013 Held for 12y 5m+	$542.04B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$285.3M 0.06% of portfolio	2.0M shares	Q3 2018 Held for 7y 2m	$488.50B
UBS Group AG Institution	Sergio P. Ermotti CEO	$242.7M 0.05% of portfolio	1.7M shares	Q4 2014 Held for 10y 11m	$511.54B
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$217.3M 0.05% of portfolio	1.6M shares	≤ Q2 2013 Held for 12y 5m+	$433.11B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$195.4M 0.01% of portfolio	1.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T

Net Capital Flow

Institutional buying and selling activity for SDY in Q3 2025

Traded: −$66.8M
Buyers: 406
Sellers: 488
Total Bought: +$200.2M
Total Sold: −$267.0M
Avg Position: $7.4M

Biggest Buyers

Institution	Net Bought	Current Position
UBS Group AG Institution	+$23.1M +165.1K shares	$242.7M 1.7M shares
COLDSTREAM CAPITAL MANAGEMENT INC RIA/Wealth	+$17.5M +124.9K shares	$31.3M 223.5K shares
Cetera Investment Advisers RIA/Wealth	+$13.1M +93.3K shares	$111.0M 792.9K shares
Lanham O'Dell & Company, Inc. RIA/Wealth	+$12.8M +91.5K shares	$27.9M 199.0K shares
J JONES FINANCIAL COMPANIES LLLP Institution	+$6.3M +45.5K shares	$59.5M 426.8K shares
Kestra Advisory Services, LLC RIA/Wealth	+$6.2M +44.2K shares	$29.7M 212.1K shares
FIRST HORIZON NATIONAL CORP RIA/Wealth	+$5.3M +37.6K shares	$5.5M 39.2K shares
M&T BANK CORP Institution	+$4.2M +30.3K shares	$12.7M 90.7K shares
Mount Yale Investment Advisors, LLC RIA/Wealth	+$3.9M +28.1K shares	$3.9M 28.1K shares
CWM, LLC RIA/Wealth	+$3.4M +24.4K shares	$14.3M 102.4K shares

Biggest Sellers

Institution	Net Sold	Current Position
Baltimore-Washington Financial Advisors, Inc. RIA/Wealth	−$18.8M −133.9K shares	$4.1M 29.5K shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$17.7M −126.1K shares	$152.1M 1.1M shares
1 1ST SOURCE BANK Institution	−$17.3M −123.6K shares	$85.1M 607.6K shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	−$10.2M −72.9K shares	$135.4M 966.7K shares
BB&T CORP Institution	−$8.7M −62.3K shares	$104.7M 747.7K shares
WELLS FARGO & COMPANY/MN Institution	−$8.1M −57.5K shares	$285.3M 2.0M shares
JPMORGAN CHASE & CO Institution	−$7.9M −56.4K shares	$195.4M 1.4M shares
AMERIPRISE FINANCIAL INC Institution	−$7.2M −51.4K shares	$217.3M 1.6M shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$7.1M −50.9K shares	$7.1M 50.6K shares
BANK OF AMERICA CORP /DE/ Institution	−$6.7M −48.0K shares	$1.0B 7.4M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited SDY in Q3 2025

New Positions: 32
New Value: $13.6M
Exited Positions: 61
Exited Value: $29.5M

New Positions

Institution	Position Value
Mount Yale Investment Advisors, LLC RIA/Wealth	$3.9M 28.1K shares
B Buck Wealth Strategies, LLC RIA/Wealth	$2.1M 14.9K shares
Vawter Financial, Ltd. RIA/Wealth	$1.1M 7.5K shares
Turtle Creek Wealth Advisors, LLC Family Office	$814.7K 5.8K shares
C Citizens Business Bank Pension/Endowment	$598.4K 4.3K shares
KLINGENSTEIN FIELDS & CO LLC RIA/Wealth	$576.3K 4.1K shares
Signal Advisors Wealth, LLC RIA/Wealth	$539.3K 3.9K shares
C Cross Staff Investments Inc Institution	$349.6K 2.5K shares
Stegner Investment Associates Inc. RIA/Wealth	$311.1K 2.2K shares
C Cubist Systematic Strategies, LLC Institution	$305.7K 2.2K shares

Exited Positions

Institution	Previous Position
David R. Rahn & Associates Inc. RIA/Wealth	$5.5M 40.7K shares
L Laurel Wealth Advisors LLC RIA/Wealth	$3.5M 25.7K shares
F FLOW TRADERS U.S. LLC Institution	$3.3M 24.3K shares
SRS Capital Advisors, Inc. RIA/Wealth	$1.9M 13.7K shares
P Providence First Trust Co Institution	$1.7M 12.8K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$1.6M 11.8K shares
Financial Advocates Investment Management RIA/Wealth	$878.5K 6.5K shares
N New Century Financial Group, LLC RIA/Wealth	$821.2K 6.1K shares
Y Y-Intercept Ltd Institution	$640.5K 4.7K shares
U UNITED BANK /VA/ Institution	$614.7K 4.5K shares

Options Activity

Institutions with the largest Call and Put options positions in SDY as of Q3 2025

Call Positions: 2
Call Value: $8.3M
Put Positions: 2
Put Value: $4.0M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$6.3M 448.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.0M 144.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.5M 251.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$518.2K 37.0 contracts

Most Committed Institutions

Institutions with SDY as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Joel Isaacson & Co., LLC RIA/Wealth	David N Peltz CEO	13.49% $373.5M	2.7M shares	Q4 2012 Held for 12y 11m	$2.8B
K KITCHING PARTNERS, LLC RIA/Wealth	Stephen Richard Kitching Managing Partner	10.07% $10.7M	76.1K shares	Q4 2023 Held for 1y 11m	$105.9M
Elk River Wealth Management, LLC RIA/Wealth	Christopher Cline Freimuth CEO	9.39% $58.6M	418.4K shares	Q4 2020 Held for 4y 11m	$623.9M
Lanham O'Dell & Company, Inc. RIA/Wealth	Rick Claude O'Dell President	8.87% $27.9M	199.0K shares	Q2 2025 Held for 5 months	$314.0M
Jackson, Grant Investment Advisers, Inc. RIA/Wealth	J Julie Jason President	8.22% $24.6M	175.7K shares	Q4 2015 Held for 9y 11m	$299.4M
Wolff Financial Management LLC RIA/Wealth	Matthew Rolland Wolff Managing Partner	8.04% $34.6M	247.2K shares	Q3 2021 Held for 4y 2m	$430.8M
SAR WEALTH MANAGEMENT GROUP, LLC RIA/Wealth	Jonathan (No Middle Name) Sard President	7.50% $13.1M	93.8K shares	Q4 2023 Held for 1y 11m	$175.1M
MARINO, STRAM & ASSOCIATES LLC RIA/Wealth	Michael Paul Cammarata Managing Partner	7.09% $39.4M	281.5K shares	Q4 2017 Held for 7y 11m	$556.0M
Hubbell Strickland Wealth Management, LLC RIA/Wealth	Carson Wayne Strickland CCO	6.07% $14.8M	105.4K shares	Q3 2019 Held for 6y 2m	$243.0M
T TigerOak Management, L.L.C. Institution	-	5.46% $17.6M	125.5K shares	Q4 2024 Held for 11 months	$322.3M

Hedge Fund Spotlight

Discover hedge funds investing in SDY

HBK Sorce Advisory LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerMatthew Atcheson Leffers

Portfolio Value: $4.1B
Positions: 732
Last Reported: Q3 2025

Sector Allocation

Position in SPDR S&P Dividend ETF

Market Value: $560.5K
Shares Held: 4.0K
Portfolio Weight: 0.01%
Owned Since: 2013-Q2

Top Holding	Sector	Market Value	Weight
1 SCHX Schwab U.S. Large-Cap ETF SCHX	ETF ETF	$897.0M	21.96%
2 VCRB Vanguard Core Bond VCRB	ETF ETF	$680.4M	16.66%
3 Vanguard FTSE Developed Markets VEA	ETF ETF	$464.3M	11.37%

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