SPDR SER TR

Ticker: SPDG CUSIP: 78468R465 Class: SPDR PORTFOLIO S

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (1)

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $421 Shares 10,335

Institution	Shares	Value ($000)
SUSQUEHANNA INTERNATIONAL GROUP, LLP	10,335	$421

Increased Positions (1)

Cambridge Investment Research Advisors, Inc.

Value ($000) $1 (+15.5%) Shares 23,524 (+13.9%)

Institution	Prev Shares	Curr Shares	Change
Cambridge Investment Research Advisors, Inc.	20,649	23,524	+2,875 (+13.9%)

Decreased Positions (4)

Value ($000) $743 (+0.4%) Shares 18,211 (-1.1%)

Meridian Financial Advisors, LLC

Value ($000) $483 (-1.5%) Shares 11,837 (-2.9%)

Concord Asset Management, LLC/VA

Value ($000) $1,191 (-1.0%) Shares 29,204 (-2.4%)

Concord Wealth Partners

Value ($000) $1,220 (-1.3%) Shares 29,912 (-2.8%)

Institution	Prev Shares	Curr Shares	Change
Bank of Marin	18,407	18,211	-196 (-1.1%)
Meridian Financial Advisors, LLC	12,192	11,837	-355 (-2.9%)
Concord Asset Management, LLC/VA	29,916	29,204	-712 (-2.4%)
Concord Wealth Partners	30,760	29,912	-848 (-2.8%)

Exited Positions (1)

1 NORTH WEALTH SERVICES LLC

Value ($000) $6 Shares 150

Institution	Prev Shares	Prev Value ($000)
1 NORTH WEALTH SERVICES LLC	150	$6