SPDR Portfolio High Yield Bond

SPHY • ARCA

SPDR Portfolio High Yield Bond is an exchange-traded fund on ARCA. As of Q3 2025, 471 institutional investors hold shares in this ETF, with total holdings valued at $6.6B. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $1.1B.

Overview

Overview of institutional ownership in SPHY as of Q3 2025

All Institutions

Institutions: 471
Value Held: $6.6B
Shares Held: 276.0M
Avg Position: $14.0M
Median Position: $1.2M

Hedge Funds

Hedge Funds: 4
Value Held: $21.1M
Shares Held: 882.1K
Avg Position: $5.3M
Median Position: $1.7M

Biggest Investors

Institutions with the largest positions in SPHY 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	$1.1B 0.08% of portfolio	44.6M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
I Ilmarinen Mutual Pension Insurance Co Institution	-	$709.8M 5.34% of portfolio	29.7M shares	Q4 2024 Held for 11 months	$13.3B
S SEI INVESTMENTS CO Institution	-	$426.7M 0.46% of portfolio	17.8M shares	Q4 2023 Held for 1y 11m	$93.0B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$270.8M 0.06% of portfolio	11.3M shares	Q2 2015 Held for 10y 5m	$488.50B
N Neuberger Berman Group LLC Institution	-	$244.6M 0.18% of portfolio	10.2M shares	Q4 2022 Held for 2y 11m	$136.94B
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$208.0M 0.05% of portfolio	8.7M shares	Q2 2022 Held for 3y 5m	$433.11B
L LPL Financial LLC Institution	-	$187.6M 0.06% of portfolio	7.8M shares	Q4 2019 Held for 5y 11m	$340.07B
V VANTAGEPOINT INVESTMENT ADVISERS LLC Institution	-	$181.1M 1.48% of portfolio	7.6M shares	Q1 2025 Held for 8 months	$12.2B
GRIMES & COMPANY, INC. RIA/Wealth	Kevin Timothy Grimes CEO	$172.4M 4.26% of portfolio	7.2M shares	Q2 2025 Held for 5 months	$4.0B
M Municipal Employees' Retirement System of Michigan Institution	-	$142.5M 1.71% of portfolio	6.0M shares	Q1 2023 Held for 2y 8m	$8.3B

Net Capital Flow

Institutional buying and selling activity for SPHY in Q3 2025

Traded: +$529.6M
Buyers: 327
Sellers: 135
Total Bought: +$938.9M
Total Sold: −$409.3M
Avg Position: $13.1M

Biggest Buyers

Institution	Net Bought	Current Position
N Neuberger Berman Group LLC Institution	+$103.4M +4.3M shares	$244.6M 10.2M shares
BANK OF AMERICA CORP /DE/ Institution	+$101.9M +4.3M shares	$1.1B 44.6M shares
Advisors Capital Management, LLC RIA/Wealth	+$72.4M +3.0M shares	$72.4M 3.0M shares
AMERIPRISE FINANCIAL INC Institution	+$53.5M +2.2M shares	$208.0M 8.7M shares
I Ilmarinen Mutual Pension Insurance Co Institution	+$33.5M +1.4M shares	$709.8M 29.7M shares
E EXCHANGE TRADED CONCEPTS, LLC Institution	+$32.9M +1.4M shares	$32.9M 1.4M shares
L LPL Financial LLC Institution	+$30.3M +1.3M shares	$187.6M 7.8M shares
Horizon Investments, LLC/SC Long Only Manager	+$29.0M +1.4M shares	$29.0M 1.4M shares
FRANKLIN RESOURCES INC Institution	+$26.2M +1.1M shares	$26.2M 1.1M shares
STATE STREET CORP Institution	+$26.0M +1.1M shares	$46.2M 1.9M shares

Biggest Sellers

Institution	Net Sold	Current Position
Wright Fund Managment, LLC Long Only Manager	−$161.5M −6.7M shares	$89.7M 3.7M shares
A ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP Institution	−$81.7M −3.4M shares	Sold Off 0 shares
PRINCIPAL FINANCIAL GROUP INC Institution	−$25.3M −1.1M shares	$26.1M 1.1M shares
Farther Finance Advisors, LLC RIA/Wealth	−$22.0M −919.2K shares	$10.5M 439.7K shares
W. E. Donoghue & Co., LLC Long Only Manager	−$20.0M −834.0K shares	$9.9M 415.6K shares
NEPC LLC Fund of Funds	−$10.9M −454.0K shares	$33.5M 1.4M shares
A Atlas Private Wealth Advisors RIA/Wealth	−$8.2M −341.1K shares	$9.5M 395.2K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$7.3M −306.9K shares	Sold Off 0 shares
BANK OF NOVA SCOTIA / Institution	−$7.1M −300.0K shares	Sold Off 0 shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$5.6M −234.7K shares	$17.6M 734.1K shares

Entry and Exit Activity

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

New Positions: 41
New Value: $135.9M
Exited Positions: 33
Exited Value: $113.1M

New Positions

Institution	Position Value
Advisors Capital Management, LLC RIA/Wealth	$72.4M 3.0M shares
F FINANCIAL ADVISORY PARTNERS, LLC RIA/Wealth	$9.9M 415.4K shares
P Pinnacle Wealth Management, LLC RIA/Wealth	$8.5M 355.2K shares
Beacon Pointe Advisors, LLC RIA/Wealth	$8.2M 343.0K shares
4 49 WEALTH MANAGEMENT, LLC Institution	$5.7M 240.1K shares
Wealth Forward, LLC RIA/Wealth	$5.4M 227.5K shares
Forefront Wealth Partners, LLC RIA/Wealth	$4.4M 184.0K shares
PFG Financial Advisors RIA/Wealth	$4.2M 174.1K shares
Curran Financial Partners, LLC RIA/Wealth	$3.5M 144.2K shares
P Polymer Capital Management LTD Hedge Fund•Multi-Strategy	$2.4M 100.0K shares

Exited Positions

Institution	Previous Position
A ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP Institution	$81.7M 3.4M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$7.3M 306.9K shares
BANK OF NOVA SCOTIA / Institution	$7.1M 300.0K shares
S SG Americas Securities, LLC Institution	$5.3M 222.3K shares
Q Quadrature Capital Ltd Institution	$3.1M 129.0K shares
Herold Advisors, Inc. RIA/Wealth	$1.6M 68.6K shares
R Rede Wealth, LLC RIA/Wealth	$1.6M 66.0K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.4M 59.4K shares
BARCLAYS PLC Institution	$1.0M 43.0K shares
COMPASS CAPITAL CORP /MA/ /ADV RIA/Wealth	$420.0K 17.8K shares

Options Activity

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

Call Positions: 1
Call Value: $768.5K
Put Positions: 1
Put Value: $213.1K

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$768.5K 321.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$213.1K 89.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
CORNERSTONE ENTERPRISES, LLC RIA/Wealth	Troy Michael Leonard CCO	21.18% $43.1M	1.8M shares	Q4 2023 Held for 1y 11m	$203.3M
CNO Financial Group, Inc. Institution	Gary C. Bhojwani CEO	20.33% $30.6M	1.3M shares	Q1 2025 Held for 8 months	$150.6M
SMH CAPITAL ADVISORS INC RIA/Wealth	Dwayne Alan Moyers President	19.07% $4.8M	200.0K shares	Q4 2024 Held for 11 months	$25.1M
Asset Allocation & Management Company, LLC Insurance Manager	John Larkin Schaefer CEO	8.64% $20.1M	838.1K shares	Q4 2023 Held for 1y 11m	$232.3M
P Pinnacle Wealth Management, LLC RIA/Wealth	Kenyon Lloyd Lederer President	6.62% $8.5M	355.2K shares	Q3 2025 Held for 2 months	$128.4M
R RFG HOLDINGS, INC. Institution	-	6.52% $25.3M	1.1M shares	Q2 2024 Held for 1y 5m	$387.6M
Financial Futures Ltd Liability Co. RIA/Wealth	Jorie Barnett Johnson President	6.50% $13.4M	559.1K shares	Q3 2024 Held for 1y 2m	$205.8M
I Ilmarinen Mutual Pension Insurance Co Institution	-	5.34% $709.8M	29.7M shares	Q4 2024 Held for 11 months	$13.3B
SAM Advisors, LLC RIA/Wealth	Donald Anthony Debernardi President	5.09% $15.8M	659.4K shares	Q3 2024 Held for 1y 2m	$310.2M
5th Street Advisors, LLC RIA/Wealth	Cesar Gonzalez Manent Managing Partner	4.66% $9.4M	393.6K shares	Q1 2024 Held for 1y 8m	$202.0M

Hedge Fund Spotlight

Discover hedge funds investing in SPHY

Polymer Capital Management LTD

Hedge Fund • Multi-Strategy

Portfolio ManagerEric Jay Kemnitz

Portfolio Value: $721.2M
Positions: 243
Last Reported: Q3 2025

Sector Allocation

Position in SPDR Portfolio High Yield Bond

Market Value: $2.4M
Shares Held: 100.0K
Portfolio Weight: 0.33%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$38.4M	5.32%
2 Eli Lilly LLY	Drug Manufacturers - General Healthcare	$36.6M	5.07%
3 Alphabet Inc. GOOG	Internet Content & Information Communication Services	$25.9M	3.59%