NEOS S&P 500 High Income

SPYI • BATS

NEOS S&P 500 High Income is an exchange-traded fund on BATS. As of Q3 2025, 290 institutional investors hold shares in this ETF, with total holdings valued at $867.9M. LPL Financial LLC is the largest holder with a position valued at $120.3M.

Overview

Overview of institutional ownership in SPYI as of Q3 2025

All Institutions

Institutions: 290
Value Held: $867.9M
Shares Held: 16.6M
Avg Position: $3.0M
Median Position: $635.1K

Hedge Funds

Hedge Funds: 5
Value Held: $29.5M
Shares Held: 563.2K
Avg Position: $5.9M
Median Position: $4.7M

Biggest Investors

Institutions with the largest positions in SPYI as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
L LPL Financial LLC Institution	-	$120.3M 0.04% of portfolio	2.3M shares	Q4 2023 Held for 1y 11m	$340.07B
Gradient Investments LLC RIA/Wealth	Michael Arthur Binger President	$91.7M 1.60% of portfolio	1.8M shares	Q2 2023 Held for 2y 5m	$5.7B
S STIFEL FINANCIAL CORP Long Only Manager	Adam Vartan Topalian CIO	$32.0M 0.03% of portfolio	611.9K shares	Q3 2023 Held for 2y 2m	$109.37B
UBS Group AG Institution	Sergio P. Ermotti CEO	$31.0M 0.01% of portfolio	592.7K shares	Q4 2022 Held for 2y 11m	$511.54B
MML INVESTORS SERVICES, LLC RIA/Wealth	Vaughn Charles Bowman CEO	$30.1M 0.08% of portfolio	574.8K shares	Q2 2024 Held for 1y 5m	$36.7B
R ROYAL BANK OF CANADA Institution	-	$26.9M 0.00% of portfolio	513.4K shares	Q1 2024 Held for 1y 8m	$542.04B
Private Advisor Group, LLC RIA/Wealth	Franklin R Smith CEO	$24.6M 0.12% of portfolio	470.5K shares	Q4 2023 Held for 1y 11m	$20.3B
Howard Capital Management Inc. Long Only Manager	Ronald Vance Howard CEO	$21.5M 0.28% of portfolio	411.9K shares	Q3 2025 Held for 2 months	$7.6B
Merit Financial Group, LLC RIA/Wealth	Rick Lee Kent CEO	$21.4M 0.20% of portfolio	409.5K shares	Q3 2025 Held for 2 months	$10.7B
Second Half Financial Partners, LLC RIA/Wealth	Leila Mehrizi Shaver CCO	$21.2M 10.12% of portfolio	404.8K shares	Q4 2024 Held for 11 months	$209.2M

Net Capital Flow

Institutional buying and selling activity for SPYI in Q3 2025

Traded: +$262.4M
Buyers: 228
Sellers: 53
Total Bought: +$277.2M
Total Sold: −$14.8M
Avg Position: $2.9M

Biggest Buyers

Institution	Net Bought	Current Position
L LPL Financial LLC Institution	+$25.0M +478.7K shares	$120.3M 2.3M shares
Howard Capital Management Inc. Long Only Manager	+$21.5M +411.9K shares	$21.5M 411.9K shares
Merit Financial Group, LLC RIA/Wealth	+$21.4M +409.5K shares	$21.4M 409.5K shares
R ROYAL BANK OF CANADA Institution	+$18.3M +349.8K shares	$26.9M 513.4K shares
MML INVESTORS SERVICES, LLC RIA/Wealth	+$18.0M +344.4K shares	$30.1M 574.8K shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	+$13.9M +266.6K shares	$18.4M 352.5K shares
M MADDEN SECURITIES Corp Institution	+$12.4M +236.8K shares	$18.5M 352.9K shares
UBS Group AG Institution	+$7.6M +144.5K shares	$31.0M 592.7K shares
Cetera Investment Advisers RIA/Wealth	+$6.9M +131.8K shares	$14.4M 275.2K shares
PREVAIL INNOVATIVE WEALTH ADVISORS, LLC RIA/Wealth	+$6.8M +130.0K shares	$6.8M 130.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
NATIONS FINANCIAL GROUP INC, /IA/ /ADV RIA/Wealth	−$3.1M −62.3K shares	Sold Off 0 shares
Cascade Wealth Advisors, Inc RIA/Wealth	−$2.5M −47.0K shares	$16.9M 320.4K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$1.7M −32.2K shares	$2.4M 45.0K shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	−$1.1M −21.5K shares	$3.3M 63.1K shares
Fortress Wealth Management, Inc. RIA/Wealth	−$975.1K −18.6K shares	$409.5K 7.8K shares
Independent Advisor Alliance RIA/Wealth	−$831.6K −15.9K shares	$1.7M 31.8K shares
PNC FINANCIAL SERVICES GROUP, INC. Institution	−$496.9K −9.5K shares	$115.8K 2.2K shares
L Leo Wealth, LLC Institution	−$493.1K −9.8K shares	Sold Off 0 shares
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy	−$475.3K −9.1K shares	$4.7M 89.4K shares
Signal Advisors Wealth, LLC RIA/Wealth	−$294.5K −5.6K shares	$333.2K 6.4K shares

Entry and Exit Activity

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

New Positions: 68
New Value: $84.9M
Exited Positions: 14
Exited Value: $4.2M

New Positions

Institution	Position Value
Howard Capital Management Inc. Long Only Manager	$21.5M 411.9K shares
Merit Financial Group, LLC RIA/Wealth	$21.4M 409.5K shares
PREVAIL INNOVATIVE WEALTH ADVISORS, LLC RIA/Wealth	$6.8M 130.0K shares
Summit Financial, LLC RIA/Wealth	$5.6M 107.1K shares
Fortis Group Advisors, LLC RIA/Wealth	$3.8M 72.1K shares
Kaizen Financial Strategies RIA/Wealth	$1.8M 35.0K shares
H HRT FINANCIAL LLC Institution	$1.7M 32.2K shares
A4 Wealth Advisors LLC RIA/Wealth	$1.5M 29.5K shares
A Aspen Investment Management Inc RIA/Wealth	$1.2M 23.9K shares
W Wealth Alliance Institution	$1.2M 22.0K shares

Exited Positions

Institution	Previous Position
NATIONS FINANCIAL GROUP INC, /IA/ /ADV RIA/Wealth	$3.1M 62.3K shares
L Leo Wealth, LLC Institution	$493.1K 9.8K shares
Scientech Research LLC Hedge Fund•Market Neutral	$290.5K 5.8K shares
M MGB Wealth Management, LLC RIA/Wealth	$125.9K 2.5K shares
ATTICUS WEALTH MANAGEMENT, LLC RIA/Wealth	$106.9K 2.1K shares
CHILTON CAPITAL MANAGEMENT LLC RIA/Wealth	$12.6K 250.0 shares
Pacifica Partners Inc. RIA/Wealth	$11.1K 221.0 shares
TWIN PEAKS WEALTH ADVISORS, LLC RIA/Wealth	$6.9K 133.0 shares
FMR LLC Institution	$6.4K 127.0 shares
Silicon Valley Capital Partners RIA/Wealth	$5.3K 105.0 shares

Options Activity

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

Call Positions: 3
Call Value: $8.6M
Put Positions: 3
Put Value: $8.6M

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$5.1M 978.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.0M 375.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.6M 299.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.6M 873.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.8M 530.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.3M 243.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Second Half Financial Partners, LLC RIA/Wealth	Leila Mehrizi Shaver CCO	10.12% $21.2M	404.8K shares	Q4 2024 Held for 11 months	$209.2M
Cascade Wealth Advisors, Inc RIA/Wealth	Scott Thomas Blaesing President	8.40% $16.9M	320.4K shares	Q1 2024 Held for 1y 8m	$201.7M
M MADDEN SECURITIES Corp Institution	-	6.37% $18.5M	352.9K shares	Q1 2025 Held for 8 months	$289.5M
C Chung Wu Investment Group, LLC Institution	-	4.28% $5.1M	98.2K shares	Q2 2025 Held for 5 months	$120.1M
R RiverTree Advisors, LLC RIA/Wealth	Theodore Spencer Rich President	3.87% $6.0M	114.5K shares	Q1 2025 Held for 8 months	$154.7M
P Palacios Wealth Management, LLC Institution	-	3.65% $5.5M	105.6K shares	Q4 2024 Held for 11 months	$151.5M
B Brown Financial Advisors RIA/Wealth	David Alan Miller Founder	2.43% $6.3M	120.9K shares	Q2 2024 Held for 1y 5m	$260.7M
StoneCrest Wealth Management, Inc. RIA/Wealth	Keith Casey Mahan President	2.01% $4.3M	81.5K shares	Q2 2025 Held for 5 months	$212.4M
F FSA Advisors, Inc. Institution	-	1.87% $2.2M	41.8K shares	Q4 2024 Held for 11 months	$117.1M
Gradient Investments LLC RIA/Wealth	Michael Arthur Binger President	1.60% $91.7M	1.8M shares	Q2 2023 Held for 2y 5m	$5.7B

Hedge Fund Spotlight

Discover hedge funds investing in SPYI

READYSTATE ASSET MANAGEMENT LP

Hedge Fund • Multi-Strategy

Portfolio ManagerDavid Barnett Grossman

Portfolio Value: $1.0B
Positions: 259
Last Reported: Q3 2025

Sector Allocation

Position in NEOS S&P 500 High Income

Market Value: $4.7M
Shares Held: 89.4K
Portfolio Weight: 0.47%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 iShares iBoxx $ Investment Grade Corporate Bond LQD	ETF ETF	$61.1M	6.10%
2 CyberArk Software CYBR	Software - Infrastructure Technology	$54.5M	5.44%
3 Exact Sciences EXAS	Medical - Diagnostics & Research Healthcare	$47.6M	4.75%