RWO · State Street(R) SPDR(R) Dow Jones(R) Global Real Estate ETF · Holdings ETF

$47.10 +0.28 (+0.60%)

Volume · Oct 22 50.86K Avg daily vol (3M) 136.83K

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 →

Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.

Quarter:

Holders: 38

Total Value: $38,448,838

Total Shares: 828,639

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 38 13F filers · Δ vs Jun 30, 2026

Top Holder

17.6%

−13.0 pts

Top 5

69.4%

+10.9 pts

Top 10

84.7%

+13.2 pts

HHI

1,142

Broadly held−54

Who Holds RWO

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: 209 filers, like-for-like change +1.3%; actively managed books +3.5%; index-like books -0.9%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	26.1%	132	+6.9%	10	9
Exempt adviser	0.0%	1	-65.4%	0	0
Adviser	0.0%	1	-27.4%	0	0
Bank	52.2%	16	-0.9%	0	2
Broker-dealer	1.5%	1	+17.6%	0	0
Benefit plan	0.5%	1	+1.0%	0	0
Holding company	5.2%	4	-1.3%	0	0
Unknown	14.5%	53	-0.4%	6	7

Style	Share	Filers	Change	New	Exited
Index-like	48.2%	6	-0.9%	0	0
Systematic-like	0.0%	1	-65.5%	0	1
Concentrated	12.7%	77	-2.7%	5	8
Diversified active	39.1%	125	+5.6%	11	9
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	92.2%	169	+2.1%	12	10
Medium turnover	2.1%	24	+3.6%	3	5
High turnover	0.0%	2	-99.5%	1	3
Unknown	5.6%	14	-7.5%	0	0
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	5.3%	11	-8.8%	0	0
Medium horizon	7.3%	41	+0.8%	6	6
Long horizon	86.2%	150	+1.8%	8	12
Unknown	1.2%	7	+13.9%	2	0
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	6.7%	75	-6.2%	8	9
$1B to $10B	13.3%	69	+6.1%	5	6
$10B to $100B	13.6%	42	+4.9%	2	0
$100B or more	66.4%	23	+0.4%	1	3
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	25.6%	122	+7.2%	9	8
Pooled investment vehicles	0.0%	1	0.0%	0	0
Registered funds and BDCs	0.1%	1	+1.0%	0	0
Pension and profit sharing plans	0.1%	1	+5.6%	0	0
Corporations	0.0%	1	0.0%	0	0
Other investment advisers	0.3%	4	-8.7%	0	1
Diversified	0.0%	2	+120.0%	1	0
Unknown	73.9%	77	-0.5%	6	9

Private funds	Share	Filers	Change	New	Exited
Hedge funds	3.7%	4	+3.9%	0	0
Private equity funds	3.7%	8	-0.8%	1	0
Venture capital funds	0.0%	1	-10.7%	0	0
Real estate funds	0.9%	4	+0.3%	0	0
Securitized asset funds	0.0%	1	0.0%	0	0
Other private funds	3.1%	10	+1.5%	0	0
Mixed private funds	0.0%	0	—	0	0
No private funds	14.7%	105	+12.0%	9	9
Private funds, type not stated	0.0%	0	—	0	0
Unknown	73.9%	76	-0.5%	6	9

Location	Share	Filers	Change	New	Exited
United States	97.9%	200	+1.5%	16	18
Outside the US	2.1%	9	-8.3%	0	0

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

Conviction and Crowding

209 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

14.8% of filers hold it in their top 10

Mar 31, 2026: 36

Holders above 5%

median weight 0.006%

Mar 31, 2026: 2

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

70.6%

of 13F shares, Herfindahl 0.134

Active holders

+3.2%

like-for-like share change of active filers

5% stakes on record

0 13D, 1 13G (1 institutional, 0 passive, 0 exempt)

How long holders have held it value-weighted 22.1 quarters

Under 1 year 7.37% 1 to 3 years 8.20% 3 years or more 84.4% 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

$45.49

estimated per share

Mar 31, 2026: $44.79

Quarter-end price

$49.71

implied by 13F values

Estimated gain or loss

+9.3%

price against the estimated cost

Estimated at a loss

0.000%

of costed 13F value

Estimated cost covers 5.38% 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 RWO 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	0	0
Active funds	6,029,648	4
Unclassified	0	0
All registered funds	6,029,648	4

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: -173

Institutional value: -96.1%

Shares held: -95.8%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Large Concurrent Investment Advisors, LLC	+14,096	33,521
Large WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	+12,113	29,359
Small Boltwood Capital Management	+8,860	39,785
Micro Sincerus Advisory, LLC	+8,520	17,081
Small FIDUCIARY FINANCIAL GROUP, LLC	+6,437	20,072

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Mid Avidian Wealth Enterprises, LLC	−11,384	141,835
Mid Apella Capital, LLC	−1,357	12,437
Mid Integrated Advisors Network LLC	−864	4,995
Large ASSETMARK, INC	−362	7,650
Mid NBT BANK N A /NY	−345	1

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)	Open
Mid Root Financial Partners, LLC	179	$8,305

Top Sold-Out Positions

vs Jun 30, 2026

Institution	Previously Held	Last Value (USD)
Mid Foster Victor Wealth Advisors, LLC	83,132	$4,132,491
Micro WLTH Capital Management, LLC	24,417	$1,213,769
Small Envision Financial LLC	5,494	$273,106
Mid AdvisorNet Financial, Inc	534	$26,545

Filter: New 1 Increased 17 Reduced 10 Sold out 4 Unchanged 10

Holder type: Registered adviser 25 Bank 1 Unknown 12

Showing 38 of 38

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Addis & Hill, Inc RWO

$6,757,835

17.58%

145,643

Avidian Wealth Enterprises, LLC RWO

$6,581,144

17.12%

141,835

White & Co Financial Planning Inc RWO

$6,096,913

15.86%

131,399

Orin Green Financial, LLC RWO

$5,394,464

14.03%

116,260

Boltwood Capital Management RWO

$1,846,024

4.80%

39,785

Concurrent Investment Advisors, LLC RWO

$1,555,374

4.05%

33,521

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC RWO

$1,362,257

3.54%

29,359

New England Private Wealth Advisors LLC RWO

$1,234,704

3.21%

26,610

FIDUCIARY FINANCIAL GROUP, LLC RWO

$931,340

2.42%

20,072

Sincerus Advisory, LLC RWO

$792,558

2.06%

17,081

OLD NATIONAL BANCORP /IN/ RWO

$760,171

1.98%

16,383

MPS Loria Financial Planners, LLC RWO

$748,988

1.95%

16,142

Family Office Research LLC RWO

$637,489

1.66%

13,739

Apella Capital, LLC RWO

$577,076

1.50%

12,437

COURIER CAPITAL LLC RWO

$469,800

1.22%

10,125

Sowell Financial Services LLC RWO

$423,400

1.10%

9,125

ASSETMARK, INC RWO

$354,960

0.92%

7,650

FC Advisory LLC RWO

$349,763

0.91%

7,538

Atria Investments, Inc RWO

$261,464

0.68%

5,635

Emerald Advisors, LLC RWO

$233,531

0.61%

5,033

Integrated Advisors Network LLC RWO

$231,768

0.60%

4,995

Kondo Wealth Advisors, Inc. RWO

$229,726

0.60%

4,951

USAdvisors Wealth Management, LLC RWO

$226,060

0.59%

4,872

IFP Advisors, Inc RWO

$119,294

0.31%

2,571

CoreCap Advisors, LLC RWO

$119,248

0.31%

2,570

FIRST COMMUNITY TRUST NA RWO

$41,760

0.11%

900

BROWN, LISLE/CUMMINGS, INC. RWO

$34,939

0.09%

753

Wilkerson Advisory Group LLC RWO

$16,611

0.04%

358

TRUST CO OF TOLEDO NA /OH/ RWO

$13,920

0.04%

300

Farther Finance Advisors, LLC RWO

$13,548

0.04%

292

Root Financial Partners, LLC RWO

$8,305

0.02%

179

Physician Wealth Advisors, Inc. RWO

$7,006

0.02%

151

TRUST CO OF VERMONT RWO

$4,083

0.01%

Cherry Tree Wealth Management, LLC RWO

$4,036

0.01%

Realta Investment Advisors RWO

$3,851

0.01%

Arlington Trust Co LLC RWO

$3,619

0.01%

PRIVATE TRUST CO NA RWO

$1,763

0.00%

NBT BANK N A /NY RWO

$46

0.00%

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

Manager	Shares	Value (USD)	% of position	Discretion
NBT Capital Management, Inc.	1	$46	100.0%	Defined