SSGA ACTIVE TR

Ticker: MBNE CUSIP: 78470P853 Class: SPDR NUVEEN MUN

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (3)

NATURAL INVESTMENTS, LLC
Value ($000) $0 Shares 12,402
SageView Advisory Group, LLC
Value ($000) $32 Shares 1,099
UBS Group AG
Value ($000) $2 Shares 66

Increased Positions (5)

FLOW TRADERS U.S. LLC
Value ($000) $3 (+174.2%) Shares 100,063 (+174.7%)
SUSQUEHANNA INTERNATIONAL GROUP, LLP
Value ($000) $2,434 (+43.1%) Shares 83,786 (+43.4%)
Sprinkle Financial Consultants LLC
Value ($000) $244 (+1.0%) Shares 8,402 (+1.2%)
Brinker Capital Investments, LLC
Value ($000) $235 (+2.4%) Shares 8,082 (+2.7%)
PNC Financial Services Group, Inc.
Value ($000) $38 (+4.2%) Shares 1,307 (+4.5%)

Decreased Positions (3)

JANE STREET GROUP, LLC
Value ($000) $1,164 (-58.6%) Shares 40,089 (-58.5%)
OLD MISSION CAPITAL LLC
Value ($000) $213 (-12.2%) Shares 7,326 (-12.0%)
OSAIC HOLDINGS, INC.
Value ($000) $10 (-52.7%) Shares 350 (-53.3%)

Exited Positions (6)

LongView Asset Management LLC
Value ($000) $205 Shares 7,044
Virtu Financial LLC
Value ($000) $2 Shares 68,694
SEEDS INVESTOR LLC
Value ($000) $211 Shares 7,235
Grey Fox Wealth Advisors, LLC
Value ($000) $27 Shares 922
CITADEL ADVISORS LLC
Value ($000) $517 Shares 17,764
COMMONWEALTH EQUITY SERVICES, LLC
Value ($000) $0 Shares 8,108