Vault-13

BARCLAYS BANK PLC VXX

IPATH S&P 500 SH · ETP · CUSIP 06748M196 · ISIN US06748M1962

76 institutional holders +19 vs Q2 2025
8,173,0178.2m shares reported held*
$271.0mreported value*
33 new 26 added 7 reduced 14 sold out net sold ≈ $18.8m (-567.4k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $33.16. Options: 12 managers hold calls ($203.4m notional), 12 hold puts ($215.3m).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

050100Q2 24: 3Q3 24: 54Q4 24: 61Q1 25: 60Q2 25: 57Q3 25: 7676Q2 24Q3 24Q4 24Q1 25Q2 25Q3 25
Numbers
QuarterHolders
Q2 20243
Q3 202454
Q4 202461
Q1 202560
Q2 202557
Q3 202576

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q3 24: 50 bought or addedQ3 24: 2 cut or sold outQ3 24Q4 24: 35 bought or addedQ4 24: 35 cut or sold outQ4 24Q1 25: 34 bought or addedQ1 25: 32 cut or sold outQ1 25Q2 25: 30 bought or addedQ2 25: 34 cut or sold outQ2 25Q3 25: 59 bought or addedQ3 25: 21 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q3 2024502
Q4 20243535
Q1 20253432
Q2 20253034
Q3 20255921

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100m$200m$300mQ4 24 calls: $247.9mQ4 24 puts: $147.0mQ4 24P/C 0.59Q1 25 calls: $260.1mQ1 25 puts: $165.2mQ1 25P/C 0.64Q2 25 calls: $269.8mQ2 25 puts: $162.8mQ2 25P/C 0.60Q3 25 calls: $203.4mQ3 25 puts: $215.3mQ3 25P/C 1.06
Numbers
QuarterCallsPutsP/C
Q4 2024$247.9m$147.0m0.59
Q1 2025$260.1m$165.2m0.64
Q2 2025$269.8m$162.8m0.60
Q3 2025$203.4m$215.3m1.06

Biggest buyers

Trek Financial, LLC New +734,495+734.5k
TRUE Private Wealth Advisors New +622,927+622.9k
CITADEL ADVISORS LLC New +583,678+583.7k
Ausdal Financial Partners, Inc. Added +527,666+527.7k
STABLEFORD CAPITAL II LLC Added +395,516+395.5k
GOLDMAN SACHS GROUP INC Added +352,819+352.8k
JPMORGAN CHASE & CO Added +316,093+316.1k
Trivest Advisors Ltd Added +170,300+170.3k
Arlington Capital Management, Inc. Added +143,611+143.6k
SIMPLEX TRADING, LLC Added +117,520+117.5k

Biggest sellers

BARCLAYS PLC Reduced -4,636,233-4.6m
JANE STREET GROUP, LLC Sold out -443,501-443.5k
MILLENNIUM MANAGEMENT LLC Reduced -144,986-145.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -121,396-121.4k
RENAISSANCE TECHNOLOGIES LLC Sold out -106,078-106.1k
TWO SIGMA INVESTMENTS, LP Sold out -103,951-104.0k
J. Safra Sarasin Holding AG Sold out -60,000-60.0k
MIRAE ASSET SECURITIES (USA) INC. Sold out -50,253-50.3k
WOLVERINE TRADING, LLC Sold out -46,943-46.9k
Whalen Wealth Management Inc. Sold out -21,331-21.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $81.6m2.5m shares
JANE STREET GROUP, LLC Added $54.8m1.7m shares
CITADEL ADVISORS LLC Added $26.8m806.8k shares
WOLVERINE TRADING, LLC Reduced $24.9m749.8k shares
Point72 Asset Management, L.P. New $6.6m200.0k shares
BARCLAYS PLC New $5.1m155.0k shares
Jain Global LLC New $1.7m50.0k shares
HORIZON KINETICS ASSET MANAGEMENT LLC Unchanged $959.5k10.1k shares
EVOKE WEALTH, LLC New $388.0k11.7k shares
BOOTHBAY FUND MANAGEMENT, LLC New $248.7k7.5k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $52.0m1.6m shares
BARCLAYS PLC New $39.8m1.2m shares
BANK OF AMERICA CORP /DE/ New $33.2m999.9k shares
CITADEL ADVISORS LLC Added $27.5m830.3k shares
JANE STREET GROUP, LLC Added $27.4m825.8k shares
WOLVERINE TRADING, LLC Reduced $18.1m542.6k shares
CAPSTONE INVESTMENT ADVISORS, LLC New $8.9m269.8k shares
Verition Fund Management LLC New $6.6m200.0k shares
OLD MISSION CAPITAL LLC New $786.1k111.9k shares
MILLENNIUM MANAGEMENT LLC New $497.4k15.0k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q3 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q3 2025.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,356,5141.4m $45.0m $45.0m 0.01% Added +352.8k +352,819
2 Trek Financial, LLC 1.45% of their portfolio Scottsdale, AZ 734,495734.5k $24.4m $24.4m 1.45% New
3 Ausdal Financial Partners, Inc. 1.04% of their portfolio Davenport, IA 646,244646.2k $21.4m $21.4m 1.04% Added +527.7k +527,666
4 TRUE Private Wealth Advisors 2.11% of their portfolio Salem, OR 622,927622.9k $20.7m $20.7m 2.11% New
5 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 614,719614.7k $20.4m $20.4m 0.01% Reduced -4.6m -4,636,233
6 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 583,678583.7k $19.4m $19.4m 0.02% New
7 STABLEFORD CAPITAL II LLC 5.59% of their portfolio SCOTTSDALE, AZ 466,087466.1k $15.5m $15.5m 5.59% Added +395.5k +395,516
8 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 336,866336.9k $11.2m $11.2m 0.00% Added +316.1k +316,093
9 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 264,150264.1k $8.8m $8.8m 0.01% Reduced -145.0k -144,986
10 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 213,447213.4k $7.1m $7.1m 0.01% Reduced -121.4k -121,396
11 Trivest Advisors Ltd 0.23% of their portfolio Hong Kong, K3 213,300213.3k $7.1m $7.1m 0.23% Added +170.3k +170,300
12 Concentric Capital Strategies, LP 0.33% of their portfolio Stamford, CT 209,279209.3k $6.9m $6.9m 0.33% Added +46.5k +46,536
13 Arlington Capital Management, Inc. 3.44% of their portfolio ARLINGTON HEIGHTS, IL 162,630162.6k $5.4m $5.4m 3.44% Added +143.6k +143,611
14 SIMPLEX TRADING, LLC 0.10% of their portfolio CHICAGO, IL 138,761138.8k $4.6m $4.6m 0.10% Added +117.5k +117,520
15 Marex Group Ltd 0.05% of their portfolio London, X0 111,507111.5k $3.7m $3.7m 0.05% New
16 Arete Wealth Advisors, LLC 0.23% of their portfolio CHICAGO, IL 109,174109.2k $3.6m $3.6m 0.23% New
17 JBF Capital, Inc. 0.51% of their portfolio Aspen, CO 108,000108.0k $3.6m $3.6m 0.51% New
18 Summit Financial, LLC 0.05% of their portfolio PARSIPPANY, NJ 105,613105.6k $3.5m $3.5m 0.05% Added +96.5k +96,480
19 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 81,23281.2k $2.7m $2.7m 0.01% Added +37.7k +37,744
20 Advisory Services Network, LLC 0.03% of their portfolio ATLANTA, GA 70,07670.1k $2.3m $2.3m 0.03% Reduced -754 -754
21 ONE PLUS ONE WEALTH MANAGEMENT, LLC 1.13% of their portfolio JUPITER, FL 69,87469.9k $2.3m $2.3m 1.13% New
22 Quinn Opportunity Partners LLC 0.16% of their portfolio CHARLOTTESVILLE, VA 67,00067.0k $2.2m $2.2m 0.16% New
23 Schonfeld Strategic Advisors LLC 0.02% of their portfolio NEW YORK, NY 66,06066.1k $2.2m $2.2m 0.02% Added +29.7k +29,660
24 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 62,97163.0k $2.1m $2.1m 0.00% Added +39.3k +39,294
25 Brookwood Investment Group LLC 0.26% of their portfolio PHOENIX, AZ 61,21661.2k $2.0m $2.0m 0.26% New
26 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 57,62357.6k $1.9m $1.9m 0.00% Added +57.3k +57,260
27 Sugar Maple Asset Management, LLC 1.25% of their portfolio SISTER BAY, WI 52,72552.7k $1.7m $1.7m 1.25% Added +40.2k +40,225
28 Tactive Advisors, LLC 0.42% of their portfolio Jacksonville, FL 44,53044.5k $1.5m $1.5m 0.42% New
29 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 44,46344.5k $1.5m $1.5m 0.02% Added +4.6k +4,593
30 LUMINUS MANAGEMENT LLC 1.25% of their portfolio HOUSTON, TX 42,00042.0k $1.4m $1.4m 1.25% Added +18.2k +18,250
31 SeaCrest Wealth Management, LLC 0.15% of their portfolio PURCHASE, NY 41,52741.5k $1.4m $1.4m 0.15% New
32 Vanguard Capital Wealth Advisors 0.97% of their portfolio DENVER, CO 36,71336.7k $1.2m $1.2m 0.97% Not comparable
33 Sowell Financial Services LLC 0.04% of their portfolio NORTH LITTLE ROCK, AR 30,10830.1k $998.4k $998.4k 0.04% New
34 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 29,62129.6k $982.0k $982.0k 0.00% Unchanged
35 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 25,03125.0k $845.3k $845.3k 0.00% Added +5.3k +5,261
36 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 25,00025.0k $829.0k $829.0k 0.00% New
37 CIBC Bancorp USA Inc. 0.00% of their portfolio CHICAGO, IL 25,00025.0k $828.2k $828.2k 0.00% First filing
38 Oxinas Partners, LLC 0.41% of their portfolio JEFFERSONVILLE, IN 23,25023.2k $771.0k $771.0k 0.41% New
39 GROUP ONE TRADING LLC 0.02% of their portfolio CHICAGO, IL 23,00923.0k $763.0k $763.0k 0.02% Reduced -2.3k -2,325
40 PINNACLE ASSOCIATES LTD 0.01% of their portfolio NEW YORK, NY 22,82522.8k $756.9k $756.9k 0.01% New
41 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 15,60015.6k $517.3k $517.3k 0.00% New
42 XTX Topco Ltd 0.02% of their portfolio LONDON, X0 13,54213.5k $449.1k $449.1k 0.02% New
43 Hudson Value Partners, LLC 0.14% of their portfolio PALM BEACH, FL 13,20713.2k $437.9k $437.9k 0.14% New
44 Worth Venture Partners, LLC 1.19% of their portfolio FORT LEE, NJ 12,25812.3k $406.5k $406.5k 1.19% Added +7.3k +7,258
45 Canton Hathaway, LLC 0.07% of their portfolio PROVIDENCE, RI 11,70011.7k $388.0k $388.0k 0.07% New
46 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 10,15710.2k $337.0k $337.0k 0.00% New
47 GTS SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 10,00010.0k $331.6k $331.6k 0.01% New
48 BlackRock, Inc. 0.00% of their portfolio New York, NY 9,8009.8k $325.0k $325.0k 0.00% Reduced -600 -600
49 NATIXIS 0.00% of their portfolio PARIS, I0 9,1059.1k $301.9k $301.9k 0.00% New
50 Stonehage Fleming Financial Services Holdings Ltd 0.01% of their portfolio ST. HELIER, Y9 8,2808.3k $275.5k $275.5k 0.01% New
51 AM INVESTMENT STRATEGIES LLC 0.06% of their portfolio CHATTANOOGA, TN 8,0008.0k $265.0k $265.0k 0.06% New
52 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 8,0008.0k $265.3k $265.3k 0.00% New
53 Hunting Hill Global Capital, LLC 0.10% of their portfolio New York, NY 7,9588.0k $263.9k $263.9k 0.10% New
54 UBS Group AG 0.00% of their portfolio ZURICH, V8 7,2007.2k $238.8k $238.8k 0.00% Added +2.9k +2,900
55 Warberg Asset Management LLC 0.07% of their portfolio WINNETKA, IL 7,0007.0k $232.0k $232.0k 0.07% New
56 NFSG Corp 0.03% of their portfolio BOCA RATON, FL 5,1255.1k $169.9k $169.9k 0.03% Added +650 +650
57 GABLES CAPITAL MANAGEMENT INC. 0.06% of their portfolio MIAMI, FL 4,4644.5k $148.0k $148.0k 0.06% Added +495 +495
58 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 4,2864.3k $142.1k $142.1k 0.00% Reduced -3.8k -3,785
59 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,3632.4k $78.0k $78.0k 0.00% Added +2.2k +2,167
60 SALEM INVESTMENT COUNSELORS INC 0.00% of their portfolio WINSTON-SALEM, NC 2,0002.0k $66.3k $66.3k 0.00% New
61 FNY Investment Advisers, LLC 0.01% of their portfolio NEW YORK, NY 1,0841.1k $35.0k $35.0k 0.01% Added +951 +951
62 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 818818 $27.1k $27.1k 0.00% Added +750 +750
63 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 795795 $26.4k $26.4k 0.00% New
64 Cypress Capital Management LLC (WY) 0.01% of their portfolio SHERIDAN, WY 346346 $11.5k $11.5k 0.01% New
65 North Capital, Inc. 0.01% of their portfolio SALT LAKE CITY, UT 346346 $11.5k $11.5k 0.01% Added +1 +1
66 DHJJ Financial Advisors, Ltd. 0.00% of their portfolio NAPERVILLE, IL 8181 $2.7k $2.7k 0.00% New
67 Financial Gravity Asset Management, Inc. 0.00% of their portfolio Lakeway, TX 6363 $2.1k $2.1k 0.00% First filing
68 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 6262 $2.1k $2.1k 0.00% Added +35 +35
69 Smallwood Wealth Investment Management, LLC 0.00% of their portfolio RED BANK, NJ 4141 $1.4k $1.4k 0.00% Unchanged
70 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 3838 $1.3k $1.3k 0.00% New
71 Sterling Capital Management LLC 0.00% of their portfolio CHARLOTTE, NC 3333 $1.1k $1.1k 0.00% Unchanged
72 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 66 $199 $199 0.00% Unchanged
73 Family Legacy Financial Solutions, LLC 0.00% of their portfolio CARY, NC 66 $199 $199 0.00% New
74 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 33 $99 $99 0.00% Unchanged
75 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 33 $99 $99 0.00% Unchanged
76 Hurley Capital, LLC 0.00% of their portfolio NEW YORK, NY 22 $66 $66 0.00% Unchanged