Who owns SPDW
Which tracked institutional funds hold SPDW, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SPDW company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
324 tracked funds added or opened SPDW while 137 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
SPDW’s largest tracked holder by dollar value, Creative Planning, sizes it at 4.1% of its own reported 13F book, while the median holder sizes it at 0.9% of theirs — a 3.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in SPDW divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 1185 tracked filers holding SPDW, 578 increased or opened the position and 485 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in SPDW between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 43
- TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC$561M
- Nearwater Capital Markets, Ltd$276M
- FLOW TRADERS U.S. LLC$114M
- STATE FARM MUTUAL AUTOMOBILE INSURANCE CO$107M
- CAPITOLIS LIQUID GLOBAL MARKETS LLC$89M
- TTP Investments, Inc.$51M
Full exits 33
- Global Retirement Partners, LLC$43M
- Select Equity Group, L.P.$40M
- Austin Private Wealth, LLC$35M
- Diversify Advisory Services, LLC$19M
- BANK HAPOALIM BM$17M
- Strategic Financial Planning, Inc.$16M
Largest adds
- JANE STREET GROUP, LLC$604M
- Creative Planning$552M
- MORGAN STANLEY$223M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$122M
- CWM, LLC$118M
- Independent Advisor Alliance$94M
Largest trims
- TIAA TRUST, NATIONAL ASSOCIATION$559M
- Valpey Financial Services, LLC$119M
- BANK OF AMERICA CORP /DE/$96M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$64M
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$37M
- Summit Global Investments$32M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Creative Planning added | 133,821,065 | $6.1B | 23.9% | 2026-Q1 |
| Financial Engines Advisors L.L.C. trimmed | 55,849,043 | $2.5B | 10.0% | 2026-Q1 |
| LPL Financial LLC added | 38,025,802 | $1.7B | 6.8% | 2026-Q1 |
| Allworth Financial LP trimmed | 29,472,844 | $1.3B | 5.3% | 2026-Q1 |
| Auto-Owners Insurance Co trimmed | 19,637,666 | $896M | 3.5% | 2026-Q1 |
| CWM, LLC added | 17,682,357 | $807M | 3.2% | 2026-Q1 |
| MORGAN STANLEY added | 16,480,575 | $752M | 2.9% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 13,344,665 | $609M | 2.4% | 2026-Q1 |
| TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC new | 12,291,718 | $561M | 2.2% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 8,928,162 | $408M | 1.6% | 2026-Q1 |
| UBS Group AG added | 8,789,986 | $401M | 1.6% | 2026-Q1 |
| Betterment LLC added | 8,266,335 | $377M | 1.5% | 2026-Q1 |
| VANTAGEPOINT INVESTMENT ADVISERS LLC added | 6,371,313 | $291M | 1.1% | 2026-Q1 |
| Nearwater Capital Markets, Ltd new | 6,039,200 | $276M | 1.1% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 5,726,102 | $261M | 1.0% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 5,153,537 | $235M | 0.9% | 2026-Q1 |
| STATE STREET CORP trimmed | 4,485,803 | $226M | 0.9% | 2026-Q2 |
| Horizon Investments, LLC trimmed | 4,774,505 | $218M | 0.9% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 4,665,294 | $213M | 0.8% | 2026-Q1 |
| Mariner, LLC trimmed | 4,474,043 | $204M | 0.8% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 4,407,055 | $201M | 0.8% | 2026-Q1 |
| HighTower Advisors, LLC added | 4,227,683 | $193M | 0.8% | 2026-Q1 |
| Advisory Alpha, LLC trimmed | 4,093,030 | $187M | 0.7% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 3,988,098 | $182M | 0.7% | 2026-Q1 |
| Stadion Money Management, LLC trimmed | 3,938,291 | $180M | 0.7% | 2026-Q1 |
| BENJAMIN EDWARDS INC trimmed | 3,875,058 | $177M | 0.7% | 2026-Q1 |
| Strategies Wealth Advisors, LLC added | 3,593,551 | $164M | 0.6% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 3,118,182 | $142M | 0.6% | 2026-Q1 |
| Clearstead Advisors, LLC added | 3,100,372 | $142M | 0.6% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 2,929,518 | $134M | 0.5% | 2026-Q1 |
| VICUS CAPITAL added | 2,876,162 | $131M | 0.5% | 2026-Q1 |
| Pathstone Holdings, LLC trimmed | 2,875,556 | $131M | 0.5% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 2,666,364 | $122M | 0.5% | 2026-Q1 |
| Equitable Holdings, Inc. added | 2,716,598 | $121M | 0.5% | 2026-Q1 |
| JNBA Financial Advisors added | 2,506,993 | $114M | 0.4% | 2026-Q1 |
| FLOW TRADERS U.S. LLC new | 2,493,051 | $114M | 0.4% | 2026-Q1 |
| AlphaCore Capital LLC trimmed | 2,448,660 | $112M | 0.4% | 2026-Q1 |
| Envestnet Portfolio Solutions, Inc. trimmed | 2,437,302 | $111M | 0.4% | 2026-Q1 |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO new | 2,352,670 | $107M | 0.4% | 2026-Q1 |
| Gradient Investments LLC added | 2,265,319 | $103M | 0.4% | 2026-Q1 |
| Cetera Investment Advisers added | 2,259,941 | $103M | 0.4% | 2026-Q1 |
| SEI INVESTMENTS CO trimmed | 2,254,946 | $103M | 0.4% | 2026-Q1 |
| Independent Advisor Alliance added | 2,236,073 | $102M | 0.4% | 2026-Q1 |
| GeoWealth Management, LLC trimmed | 2,225,192 | $102M | 0.4% | 2026-Q1 |
| Capital Asset Advisory Services LLC added | 2,013,662 | $99M | 0.4% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC added | 2,154,387 | $98M | 0.4% | 2026-Q1 |
| McNamara Financial Services, Inc. trimmed | 2,096,149 | $96M | 0.4% | 2026-Q1 |
| Cerity Partners LLC added | 2,090,453 | $95M | 0.4% | 2026-Q1 |
| Advocacy Wealth Management, LLC trimmed | 2,076,370 | $95M | 0.4% | 2026-Q1 |
| AXXCESS WEALTH MANAGEMENT, LLC trimmed | 2,055,459 | $94M | 0.4% | 2026-Q1 |
| ASSETMARK, INC trimmed | 2,048,361 | $94M | 0.4% | 2026-Q1 |
| Private Advisor Group, LLC added | 2,028,656 | $93M | 0.4% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 1,971,124 | $90M | 0.4% | 2026-Q1 |
| Dakota Wealth Management added | 1,957,231 | $89M | 0.4% | 2026-Q1 |
| CAPITOLIS LIQUID GLOBAL MARKETS LLC new | 1,949,500 | $89M | 0.3% | 2026-Q1 |
| BlackRock, Inc. added | 1,755,077 | $88M | 0.3% | 2026-Q2 |
| EXCHANGE TRADED CONCEPTS, LLC added | 1,912,258 | $87M | 0.3% | 2026-Q1 |
| Savant Capital, LLC added | 1,910,187 | $87M | 0.3% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 1,972,288 | $87M | 0.3% | 2026-Q1 |
| Peterson Wealth Advisors, LLC added | 1,880,432 | $86M | 0.3% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 1,839,191 | $84M | 0.3% | 2026-Q1 |
| Schneider Downs Wealth Management Advisors, LP added | 1,804,741 | $82M | 0.3% | 2026-Q1 |
| AlphaStar Capital Management, LLC trimmed | 1,798,075 | $82M | 0.3% | 2026-Q1 |
| PARK AVENUE SECURITIES LLC added | 1,785,054 | $81M | 0.3% | 2026-Q1 |
| Corient Private Wealth LLC added | 1,693,142 | $77M | 0.3% | 2026-Q1 |
| DIVERSIFY WEALTH MANAGEMENT, LLC added | 1,615,919 | $77M | 0.3% | 2026-Q1 |
| Center for Financial Planning, Inc. added | 1,611,462 | $74M | 0.3% | 2026-Q1 |
| CONFLUENCE INVESTMENT MANAGEMENT LLC trimmed | 1,592,493 | $73M | 0.3% | 2026-Q1 |
| HighPoint Advisor Group LLC added | 1,551,434 | $71M | 0.3% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. added | 1,504,612 | $67M | 0.3% | 2026-Q1 |
| Rockefeller Capital Management L.P. trimmed | 1,456,505 | $66M | 0.3% | 2026-Q1 |
| GREENLEAF TRUST added | 1,414,453 | $65M | 0.3% | 2026-Q1 |
| Facet Wealth, Inc. added | 1,388,924 | $63M | 0.2% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 1,387,965 | $63M | 0.2% | 2026-Q1 |
| Wealthcare Advisory Partners LLC added | 1,386,698 | $63M | 0.2% | 2026-Q1 |
| TRUEFG, LLC trimmed | 1,378,289 | $63M | 0.2% | 2026-Q1 |
| Walkner Condon Financial Advisors LLC added | 1,264,278 | $58M | 0.2% | 2026-Q1 |
| Thrivent Financial for Lutherans trimmed | 1,234,996 | $56M | 0.2% | 2026-Q1 |
| Stratos Wealth Partners, LTD. added | 1,222,405 | $56M | 0.2% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 1,187,270 | $55M | 0.2% | 2026-Q1 |
| Integrated Wealth Concepts LLC added | 1,180,997 | $54M | 0.2% | 2026-Q1 |
| Lifeworks Advisors, LLC added | 1,163,737 | $53M | 0.2% | 2026-Q1 |
| CGN Advisors LLC trimmed | 1,163,422 | $53M | 0.2% | 2026-Q1 |
| HALBERT HARGROVE GLOBAL ADVISORS, LLC trimmed | 1,156,018 | $53M | 0.2% | 2026-Q1 |
| Clearwater Capital Advisors, LLC added | 1,126,738 | $51M | 0.2% | 2026-Q1 |
| TTP Investments, Inc. new | 1,117,102 | $51M | 0.2% | 2026-Q1 |
| Brio Consultants, LLC added | 976,036 | $48M | 0.2% | 2026-Q1 |
| Global Strategic Investment Solutions, LLC trimmed | 1,002,460 | $46M | 0.2% | 2026-Q1 |
| TIAA TRUST, NATIONAL ASSOCIATION trimmed | 976,726 | $45M | 0.2% | 2026-Q1 |
| Boston Standard Wealth Management, LLC trimmed | 959,770 | $45M | 0.2% | 2026-Q1 |
| Ballentine Partners, LLC added | 891,786 | $41M | 0.2% | 2026-Q1 |
| TSG Advice Partners, LLC new | 828,748 | $38M | 0.1% | 2026-Q1 |
| MAI Capital Management added | 826,336 | $38M | 0.1% | 2026-Q1 |
| IFP Advisors, Inc added | 825,847 | $38M | 0.1% | 2026-Q1 |
| Aptus Capital Advisors, LLC added | 812,605 | $37M | 0.1% | 2026-Q1 |
| SPC Financial, Inc. added | 1,622,671 | $69M | 0.3% | 2025-Q3 stale |
| Global Retirement Partners, LLC added | 977,517 | $43M | 0.2% | 2025-Q4 stale |
| Bristlecone Advisors, LLC added | 976,872 | $42M | 0.2% | 2025-Q3 stale |
| Select Equity Group, L.P. new | 907,211 | $40M | 0.2% | 2025-Q4 stale |
| Callan Capital, LLC added | 1,085,621 | $40M | 0.2% | 2025-Q1 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.