CWB · State Street(R) SPDR(R) Bloomberg Convertible Securities ETF · Holdings ETF

$95.13 -0.02 (-0.02%)

Volume · Oct 23 369.77K Avg daily vol (3M) 620.33K

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Quarter:

Holders: 149

Total Value: $515,112,955

Total Shares: 6,277,044

Showing 1–100 of 149 holdings by value · page 1 of 2

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 149 13F filers · Δ vs Jun 30, 2026

Top Holder

39.7%

+32.2 pts

Top 5

62.6%

+34.3 pts

Top 10

70.2%

+24.4 pts

HHI

1,834

Moderately concentrated+1,569

Who Holds CWB

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 566 filers, like-for-like change +23.8%; actively managed books +26.8%; index-like books -12.6%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	42.5%	372	+64.8%	45	24
Exempt adviser	0.2%	2	+124.4%	0	0
Adviser	2.9%	6	-2.8%	0	2
Bank	19.8%	26	+0.3%	2	1
Insurer	0.2%	1	-10.6%	0	0
Broker-dealer	4.9%	3	+22.0%	1	0
Non-US	2.7%	5	+29.5%	0	0
Holding company	5.7%	6	-13.4%	1	0
Unknown	21.1%	145	+9.9%	23	13

Style	Share	Filers	Change	New	Exited
Index-like	5.3%	6	-12.6%	2	0
Systematic-like	0.0%	2	-62.2%	0	2
Concentrated	26.8%	195	+51.3%	31	13
Diversified active	67.8%	361	+19.4%	39	24
Unknown	0.0%	2	-60.0%	0	1
Not measured	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	72.3%	373	+15.0%	38	20
Medium turnover	21.8%	111	+71.5%	19	9
High turnover	2.5%	21	-10.2%	9	5
Unknown	3.5%	61	+44.4%	6	6
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	3.8%	65	+29.1%	11	6
Medium horizon	9.2%	118	+40.6%	20	10
Long horizon	79.6%	360	+14.9%	40	21
Unknown	7.4%	23	+270.1%	1	3
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	15.7%	264	+12.0%	35	19
$1B to $10B	18.3%	191	+90.2%	30	10
$10B to $100B	15.8%	76	+5.1%	5	5
$100B or more	50.2%	35	+19.2%	2	6
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	35.5%	324	+75.2%	38	14
Pooled investment vehicles	0.8%	8	+98.4%	3	3
Registered funds and BDCs	3.9%	13	+30.8%	2	4
Pension and profit sharing plans	0.3%	5	+69.9%	0	1
Insurance companies	0.0%	1	-94.9%	0	1
Governments and sovereign funds	0.1%	1	-12.0%	0	0
Corporations	0.0%	2	-9.6%	0	1
Other investment advisers	0.6%	5	+43.4%	1	0
Other	0.1%	1	-23.1%	0	0
Diversified	0.9%	9	-9.1%	1	0
Charitable organizations	0.0%	0	—	0	0
Unknown	57.8%	197	+4.6%	27	16

Private funds	Share	Filers	Change	New	Exited
Hedge funds	1.1%	24	+68.2%	5	4
Private equity funds	0.5%	11	-12.9%	2	2
Venture capital funds	0.0%	2	-0.3%	0	0
Real estate funds	0.4%	7	+12.8%	0	0
Securitized asset funds	0.0%	1	-83.1%	0	0
Other private funds	1.0%	13	-0.7%	1	2
Mixed private funds	0.6%	4	-15.3%	1	0
Private funds, type not stated	1.1%	3	+0.3%	1	0
No private funds	37.7%	307	+78.0%	35	16
Unknown	57.6%	194	+4.4%	27	16

Location	Share	Filers	Change	New	Exited
United States	91.9%	540	+24.1%	70	39
Outside the US	8.1%	26	+20.4%	2	1

The Sep 30, 2026 filing window is still open, so its bar shows only the filers that have filed so far.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 7 holders with no observed 2026-03-31 13F and 4 holders with no observed 2026-06-30 13F.

Conviction and Crowding

566 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

229

40.5% of filers hold it in their top 10

Mar 31, 2026: 200

Holders above 5%

median weight 0.034%

Mar 31, 2026: 9

Crowding

—

shares outstanding is an issuer-wide count, not one listing's

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

shares outstanding is an issuer-wide count, not one listing's

Top 10 holders

46.3%

of 13F shares, Herfindahl 0.027

Active holders

+26.8%

like-for-like share change of active filers

5% stakes on record

0 13D, 0 13G

How long holders have held it value-weighted 20.0 quarters

Under 1 year 10.4% 1 to 3 years 11.4% 3 years or more 78.2% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$95.93

estimated per share

Mar 31, 2026: $85.79

Quarter-end price

$107.82

implied by 13F values

Estimated gain or loss

+12.4%

price against the estimated cost

Estimated at a loss

0.000%

of costed 13F value

Estimated cost covers 23.6% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Fund Ownership of CWB by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 0 shares.

Fund type	Shares	Funds
Index funds	0	0
Index ETFs	0	0
Active ETFs	76,388	4
Active funds	636,300	5
Unclassified	0	0
All registered funds	712,688	9

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Quarterly Activity

vs Jun 30, 2026

New

Increased

Decreased

Sold Out

Unchanged

New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.

Holder count: -425

Institutional value: -86.1%

Shares held: -82.4%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Mid Howard Capital Management Inc.	+26,904	2,020,000
Mid Sowell Financial Services LLC	+26,271	51,334
Large Concurrent Investment Advisors, LLC	+16,773	73,492
Large Farther Finance Advisors, LLC	+11,593	23,116
Small Financial & Tax Architects, LLC	+10,144	117,407

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Mid Galvin, Gaustad & Stein, LLC	−45,745	3,535
Large ASSETMARK, INC	−15,915	727,115
Mid Avidian Wealth Enterprises, LLC	−7,822	2,319
Mid TRUE Private Wealth Advisors	−4,408	56,899
Small JAMES INVESTMENT RESEARCH, INC.	−3,904	6,047

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)
Small Whipplewood Advisors, LLC	7,866	$795,881
Small COLUMBIA ADVISORY PARTNERS LLC	2,925	$295,951
Small GK Wealth Management LLC	1,509	$152,680
Small FIRST COMMUNITY TRUST NA	813	$82,259
Mid Root Financial Partners, LLC	627	$63,439

Top Sold-Out Positions

vs Jun 30, 2026

Institution	Previously Held	Last Value (USD)
Small Lake Hills Wealth Management, LLC	24,072	$2,595,443
Small Ignite Planners, LLC	16,700	$1,800,594
Small Three Magnolias Financial Advisors, LLC	3,280	$353,649
Small Balefire, LLC	2,771	$298,769
Mid Hennion & Walsh Asset Management, Inc.	2,423	$261,247

Filter: New 7 Increased 47 Reduced 48 Sold out 17 Unchanged 47

Holder type: Registered adviser 102 Bank 3 Non-US 1 Unknown 43

Showing 100 of 149

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Howard Capital Management Inc. CWB

$204,383,600

39.68%

2,020,000

ASSETMARK, INC CWB

$73,569,495

14.28%

727,115

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC CWB

$17,996,684

3.49%

177,868

Lifestyle Asset Management, Inc. CWB

$14,521,758

2.82%

143,524

Financial & Tax Architects, LLC CWB

$11,879,240

2.31%

117,407

Paladin Partners, LLC CWB

$9,174,294

1.78%

90,673

Windsor Capital Management, LLC CWB

$8,164,517

1.58%

80,693

Concurrent Investment Advisors, LLC CWB

$7,435,920

1.44%

73,492

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Concurrent Asset Management, LLC	702	$71,028	1.0%	Sole
Held directly	72,790	$7,364,892	99.0%	Sole

Discipline Wealth Solutions, LLC CWB

$7,348,501

1.43%

72,628

Finward Bancorp CWB

$7,228,399

1.40%

71,441

Baron Financial Group, LLC CWB

$7,193,999

1.40%

71,101

David J Yvars Group CWB

$6,995,686

1.36%

69,141

HMS Capital Management, LLC CWB

$6,474,912

1.26%

63,994

Brindle & Bay Financial Advisors, LLC CWB

$6,163,582

1.20%

60,917

TRUE Private Wealth Advisors CWB

$5,757,040

1.12%

56,899

Sowell Financial Services LLC CWB

$5,193,974

1.01%

51,334

Sage Capital Management, LLC CWB

$5,098,763

0.99%

50,393

B. Riley Wealth Advisors, Inc. CWB

$4,718,529

0.92%

46,635

IFP Advisors, Inc CWB

$4,416,709

0.86%

43,652

Sentinel Advisory Group, LLC CWB

$3,769,865

0.73%

37,259

HF Advisory Group, LLC CWB

$3,677,285

0.71%

36,344

Aletheian Wealth Advisors LLC CWB

$3,603,222

0.70%

35,612

Optivise Advisory Services LLC CWB

$3,507,910

0.68%

34,670

Mosley Wealth Management CWB

$3,312,936

0.64%

32,743

McAdam, LLC CWB

$3,219,345

0.62%

31,818

Powell Investment Advisors, LLC CWB

$3,078,199

0.60%

30,423

Focus Financial Network, Inc. CWB

$2,926,024

0.57%

28,919

FOCUS Wealth Advisors, LLC CWB

$2,899,919

0.56%

28,661

Farther Finance Advisors, LLC CWB

$2,338,876

0.45%

23,116

Brookstone Capital Management CWB

$2,281,609

0.44%

22,550

Montecito Bank & Trust CWB

$2,122,553

0.41%

20,978

BURNS J W & CO INC/NY CWB

$2,111,626

0.41%

20,870

Atria Investments, Inc CWB

$2,016,618

0.39%

19,931

FLAGSTAR ADVISORS INC CWB

$1,896,517

0.37%

18,744

SCHAPER BENZ & WISE INVESTMENT COUNSEL INC/WI CWB

$1,896,416

0.37%

18,743

New England Private Wealth Advisors LLC CWB

$1,779,756

0.35%

17,590

ARK & TLK INVESTMENTS, LLC CWB

$1,667,446

0.32%

16,480

Farrell Financial LLC CWB

$1,625,557

0.32%

16,066

NVWM, LLC CWB

$1,597,226

0.31%

15,786

INDEPENDENT FINANCIAL GROUP, LLC CWB

$1,559,284

0.30%

15,411

Kingsbury Capital Investment Advisors LLC CWB

$1,478,239

0.29%

14,610

CAPITAL CITY TRUST CO/FL CWB

$1,470,448

0.29%

14,533

Worth Asset Management, LLC CWB

$1,448,593

0.28%

14,317

GILPIN WEALTH MANAGEMENT, LLC CWB

$1,407,211

0.27%

13,908

Legacy Capital Wealth Partners, LLC CWB

$1,405,491

0.27%

13,891

Guardian Asset Advisors, LLC CWB

$1,321,815

0.26%

13,064

PENSION & WEALTH MANAGEMENT ADVISORS, INC. CWB

$1,232,777

0.24%

12,184

Herold Advisors, Inc. CWB

$1,206,571

0.23%

11,925

Insight Wealth Strategies, LLC CWB

$1,170,247

0.23%

11,566

Investors Research Corp CWB

$1,168,224

0.23%

11,546

COTTONWOOD CAPITAL ADVISORS, LLC CWB

$1,085,661

0.21%

10,730

Signal Advisors Wealth, LLC CWB

$1,048,528

0.20%

10,363

C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors CWB

$1,036,083

0.20%

10,240

Targeted Financial Services LLC CWB

$1,036,083

0.20%

10,240

Towerpoint Wealth, LLC CWB

$1,008,764

0.20%

9,970

FIRST MERCHANTS CORP CWB

$977,297

0.19%

9,659

Bigelow Investment Advisors, LLC CWB

$966,471

0.19%

9,552

Lee-Kelleher Wealth Management CWB

$961,210

0.19%

9,500

Capstone Wealth Management Group, Inc. CWB

$933,689

0.18%

9,228

ROCKLAND TRUST CO CWB

$919,726

0.18%

9,090

PINNACLE ASSOCIATES LTD CWB

$851,530

0.17%

8,416

Whipplewood Advisors, LLC CWB

$795,881

0.15%

7,866

Retireful, LLC CWB

$761,986

0.15%

7,531

PW Nova Financial Services LLC CWB

$742,863

0.14%

7,342

Trifecta Capital Advisors, LLC CWB

$691,565

0.13%

6,835

Midwest Trust Co CWB

$689,541

0.13%

6,815

SONATA CAPITAL GROUP INC CWB

$661,211

0.13%

6,535

SMITHBRIDGE ASSET MANAGEMENT INC/DE CWB

$650,182

0.13%

6,426

CAP Partners, LLC CWB

$627,012

0.12%

6,197

JAMES INVESTMENT RESEARCH, INC. CWB

$611,835

0.12%

6,047

Annex Advisory Services, LLC CWB

$611,734

0.12%

6,046

WAYSTONE ADVISORS LLC CWB

$603,639

0.12%

5,966

LongView Wealth Management CWB

$586,742

0.11%

5,799

Connecticut Wealth Management, LLC CWB

$567,113

0.11%

5,605

RVW Wealth, LLC CWB

$557,704

0.11%

5,512

FORM Wealth Advisors, LLC CWB

$550,621

0.11%

5,442

WEALTH MANAGEMENT RESOURCES, INC. CWB

$542,324

0.11%

5,360

SAGESPRING WEALTH PARTNERS, LLC CWB

$525,933

0.10%

5,198

Liberty Atlantic Advisors LLC CWB

$518,547

0.10%

5,125

Hudson Oak Wealth Advisory LLC CWB

$502,055

0.10%

4,962

BANK OF STOCKTON CWB

$475,546

0.09%

4,700

Eagle Strategies LLC CWB

$469,070

0.09%

4,636

Diversify Advisory Services, LLC CWB

$458,446

0.09%

4,531

DIVERSIFY WEALTH MANAGEMENT, LLC CWB

$458,446

0.09%

4,531

Independent Wealth Network Inc. CWB

$439,525

0.09%

4,344

Embree Financial Group CWB

$425,866

0.08%

4,209

Frank, Rimerman Advisors LLC CWB

$404,720

0.08%

4,000

CPC Advisors, LLC CWB

$399,053

0.08%

3,944

Hobart Private Capital, LLC CWB

$392,679

0.08%

3,881

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
AE Wealth Management LLC	675	$68,296	17.4%	Defined
Held directly	3,206	$324,383	82.6%	Sole

First Heartland Consultants, Inc. CWB

$383,876

0.07%

3,794

Prime Capital Investment Advisors, LLC CWB

$377,704

0.07%

3,733

Acorn Wealth Advisors, LLC CWB

$361,617

0.07%

3,574

Galvin, Gaustad & Stein, LLC CWB

$357,671

0.07%

3,535

SMITH CHAS P & ASSOCIATES PA CPAS CWB

$353,320

0.07%

3,492

PRIVATE TRUST CO NA CWB

$338,447

0.07%

3,345

BAM Wealth Management, LLC CWB

$338,345

0.07%

3,344

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GeoWealth Management, LLC	1,810	$183,135	54.1%	Other
Held directly	1,534	$155,210	45.9%	Sole

Breakwater Capital Group CWB

$324,383

0.06%

3,206

CoreCap Advisors, LLC CWB

$321,752

0.06%

3,180

Urban Wealth Management, LLC CWB

$303,034

0.06%

2,995

Winthrop Advisory Group LLC CWB

$301,921

0.06%

2,984

Showing the top 100 of 149 holders. Create a free account to see every holder, past quarters, search, filters and CSV export.