SPDR Portfolio Aggregate Bond

SPAB • ARCA

SPDR Portfolio Aggregate Bond is an exchange-traded fund on ARCA. As of Q3 2025, 481 institutional investors hold shares in this ETF, with total holdings valued at $6.7B. LPL Financial LLC is the largest holder with a position valued at $567.9M.

Overview

Overview of institutional ownership in SPAB as of Q3 2025

All Institutions

Institutions: 481
Value Held: $6.7B
Shares Held: 257.6M
Avg Position: $13.8M
Median Position: $1.5M

Hedge Funds

Hedge Funds: 6
Value Held: $20.8M
Shares Held: 803.7K
Avg Position: $3.5M
Median Position: $1.4M

Biggest Investors

Institutions with the largest positions in SPAB as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
L LPL Financial LLC Institution	-	$567.9M 0.17% of portfolio	22.0M shares	≤ Q2 2013 Held for 12y 5m+	$340.07B
CWM, LLC RIA/Wealth	George Burton White CEO	$439.4M 1.39% of portfolio	17.0M shares	Q4 2021 Held for 3y 11m	$31.5B
CLIFTONLARSONALLEN WEALTH ADVISORS, LLC RIA/Wealth	William Clayton Bland CEO	$366.2M 5.78% of portfolio	14.2M shares	Q1 2023 Held for 2y 8m	$6.3B
HPM Partners LLC RIA/Wealth	Kurt Patrick Miscinski President	$286.3M 0.46% of portfolio	11.1M shares	Q4 2022 Held for 2y 11m	$61.7B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$269.3M 0.08% of portfolio	10.4M shares	Q2 2014 Held for 11y 5m	$341.99B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$233.6M 0.01% of portfolio	9.0M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
RiverFront Investment Group, LLC Long Only Manager	Peter John Quinn CEO	$201.0M 3.53% of portfolio	7.8M shares	Q1 2020 Held for 5y 8m	$5.7B
Horizon Investments, LLC/SC Long Only Manager	John Noel Drahzal CEO	$180.4M 2.37% of portfolio	7.0M shares	Q4 2018 Held for 6y 11m	$7.6B
E EXCHANGE TRADED CONCEPTS, LLC Institution	James Garrett Stevens CEO	$180.3M 1.76% of portfolio	7.0M shares	Q3 2025 Held for 2 months	$10.3B
A Advisor Group Holdings, Inc. Institution	-	$105.7M 0.15% of portfolio	4.1M shares	Q1 2020 Held for 5y 8m	$71.0B

Net Capital Flow

Institutional buying and selling activity for SPAB in Q3 2025

Traded: −$32.1M
Buyers: 252
Sellers: 219
Total Bought: +$698.0M
Total Sold: −$730.1M
Avg Position: $12.8M

Biggest Buyers

Institution	Net Bought	Current Position
E EXCHANGE TRADED CONCEPTS, LLC Institution	+$180.3M +7.0M shares	$180.3M 7.0M shares
Horizon Investments, LLC/SC Long Only Manager	+$180.2M +7.0M shares	$180.4M 7.0M shares
CLIFTONLARSONALLEN WEALTH ADVISORS, LLC RIA/Wealth	+$39.6M +1.5M shares	$366.2M 14.2M shares
Vestmark Advisory Solutions, Inc. Fund of Funds	+$20.7M +800.6K shares	$23.0M 890.6K shares
Mount Yale Investment Advisors, LLC RIA/Wealth	+$18.2M +704.2K shares	$18.2M 704.2K shares
Beacon Pointe Advisors, LLC RIA/Wealth	+$14.1M +546.2K shares	$14.1M 546.2K shares
HPM Partners LLC RIA/Wealth	+$14.0M +541.7K shares	$286.3M 11.1M shares
Cetera Investment Advisers RIA/Wealth	+$13.5M +523.0K shares	$31.9M 1.2M shares
FLAGSHIP HARBOR ADVISORS, LLC RIA/Wealth	+$11.5M +446.4K shares	$13.8M 534.4K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$10.9M +423.0K shares	$15.2M 587.4K shares

Biggest Sellers

Institution	Net Sold	Current Position
STATE STREET CORP Institution	−$377.3M −14.6M shares	$233.6M 9.0M shares
Private Advisor Group, LLC RIA/Wealth	−$66.0M −2.6M shares	$48.5M 1.9M shares
GENWORTH FINANCIAL WEALTH MANAGEMENT, INC Long Only Manager	−$42.0M −1.6M shares	$19.7M 761.5K shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$17.7M −683.0K shares	$269.3M 10.4M shares
UBS Group AG Institution	−$17.0M −657.2K shares	$10.2M 393.1K shares
Aspire Private Capital, LLC RIA/Wealth	−$11.2M −432.2K shares	$17.6M 682.2K shares
J JANE STREET GROUP, LLC Institution	−$8.9M −347.8K shares	Sold Off 0 shares
Goss Wealth Management LLC RIA/Wealth	−$8.0M −310.7K shares	$41.3M 1.6M shares
R Resources Investment Advisors, Inc. Pension/Endowment	−$7.9M −304.1K shares	$23.9M 926.4K shares
BANK OF NOVA SCOTIA / Institution	−$7.7M −300.0K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 19
New Value: $217.7M
Exited Positions: 41
Exited Value: $43.9M

New Positions

Institution	Position Value
E EXCHANGE TRADED CONCEPTS, LLC Institution	$180.3M 7.0M shares
Mount Yale Investment Advisors, LLC RIA/Wealth	$18.2M 704.2K shares
Beacon Pointe Advisors, LLC RIA/Wealth	$14.1M 546.2K shares
Tandem Financial, LLC RIA/Wealth	$1.1M 41.4K shares
D DOW CHEMICAL CO /DE/ Institution	$1.0M 39.3K shares
O Onyx Bridge Wealth Group LLC RIA/Wealth	$991.2K 38.3K shares
I Impact Partnership Wealth, LLC RIA/Wealth	$628.9K 24.3K shares
V Vise Technologies, Inc. Institution	$347.7K 13.5K shares
N Neuberger Berman Group LLC Institution	$336.1K 13.0K shares
Atlanta Consulting Group Advisors, LLC RIA/Wealth	$205.3K 7.9K shares

Exited Positions

Institution	Previous Position
J JANE STREET GROUP, LLC Institution	$8.9M 347.8K shares
BANK OF NOVA SCOTIA / Institution	$7.7M 300.0K shares
LANDMARK WEALTH MANAGEMENT, INC. RIA/Wealth	$3.3M 130.7K shares
Financial Advocates Investment Management RIA/Wealth	$3.0M 116.6K shares
Richard P Slaughter Associates Inc RIA/Wealth	$2.1M 83.3K shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	$2.0M 79.7K shares
GeoWealth Management, LLC RIA/Wealth	$1.9M 72.4K shares
SILVER OAK SECURITIES, Inc RIA/Wealth	$1.7M 66.2K shares
MILESTONE ASSET MANAGEMENT, LLC RIA/Wealth	$1.6M 62.9K shares
Visionary Wealth Advisors RIA/Wealth	$1.4M 54.9K shares

Options Activity

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

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
A ARRIEN INVESTMENTS, INC. RIA/Wealth	Alex Ray Hansen CCO	18.21% $31.1M	1.2M shares	Q1 2023 Held for 2y 8m	$171.0M
TOBIAS FINANCIAL ADVISORS, INC. RIA/Wealth	Marianela Nmn Collado CEO	14.50% $95.5M	3.7M shares	Q4 2019 Held for 5y 11m	$658.2M
Kagan Cocozza Asset Management RIA/Wealth	Michael Timothy Cocozza President	12.54% $16.6M	640.6K shares	Q4 2024 Held for 11 months	$132.1M
Trinity Wealth Management, LLC RIA/Wealth	John Charles Mann President	12.13% $32.3M	1.2M shares	Q4 2020 Held for 4y 11m	$266.1M
Beaumont Capital Management, LLC Long Only Manager	Michael B Nierenberg CEO	10.44% $15.7M	608.1K shares	Q4 2021 Held for 3y 11m	$150.6M
H HUNTINGTON ASSET ADVISORS, INC. Institution	Jerry John Szilagyi President	8.77% $75.9M	2.9M shares	Q1 2024 Held for 1y 8m	$865.7M
C Copley Financial Group, Inc. RIA/Wealth	Matthew David Copley President	8.73% $12.7M	492.8K shares	Q3 2024 Held for 1y 2m	$145.9M
Financial Strategies Group, Inc. RIA/Wealth	Brittany Ann Culver CEO	8.70% $45.6M	1.8M shares	Q4 2019 Held for 5y 11m	$524.6M
Willow Creek Wealth Management Inc. RIA/Wealth	Steven Michael Schmitt Managing Partner	8.41% $101.7M	3.9M shares	Q1 2018 Held for 7y 8m	$1.2B
TRUEFG, LLC RIA/Wealth	Scott Allan Brischke Managing Partner	8.14% $29.5M	1.1M shares	Q4 2019 Held for 5y 11m	$362.0M

Hedge Fund Spotlight

Discover hedge funds investing in SPAB

Cove Street Capital, LLC

Hedge Fund • Value

Portfolio ManagerMatthew James Weber

Portfolio Value: $75.9M
Positions: 93
Last Reported: Q3 2025

Sector Allocation

Position in SPDR Portfolio Aggregate Bond

Market Value: $364.6K
Shares Held: 14.1K
Portfolio Weight: 0.48%
Owned Since: 2024-Q1

Top Holding	Sector	Market Value	Weight
1 American Vanguard AVD	Agricultural Inputs Basic Materials	$8.0M	10.58%
2 Research Solutions RSSS	Software - Application Technology	$5.0M	6.56%
3 Six Flags Entertainment FUN	Leisure Consumer Cyclical	$4.6M	6.12%