Vault-13

DBX ETF TR ASHR

XTRACK HRVST CSI · ETP · CUSIP 233051879

134 institutional holders -5 vs Q1 2025
46,033,80346.0m shares reported held*
$1.3bnreported value*
24 new 37 added 42 reduced 29 sold out net sold ≈ $870.0m (-31.6m 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 ($5.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $27.54. Options: 28 managers hold calls ($871.1m notional), 17 hold puts ($458.3m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 127Q4 22: 142Q1 23: 148Q2 23: 131Q3 23: 123Q4 23: 119Q1 24: 118Q2 24: 110Q3 24: 123Q4 24: 138Q1 25: 139Q2 25: 134134Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022127
Q4 2022142
Q1 2023148
Q2 2023131
Q3 2023123
Q4 2023119
Q1 2024118
Q2 2024110
Q3 2024123
Q4 2024138
Q1 2025139
Q2 2025134

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 60 bought or addedQ3 23: 65 cut or sold outQ4 23: 53 bought or addedQ4 23: 70 cut or sold outQ4 23Q1 24: 61 bought or addedQ1 24: 54 cut or sold outQ2 24: 53 bought or addedQ2 24: 54 cut or sold outQ2 24Q3 24: 60 bought or addedQ3 24: 60 cut or sold outQ4 24: 82 bought or addedQ4 24: 64 cut or sold outQ4 24Q1 25: 70 bought or addedQ1 25: 73 cut or sold outQ2 25: 61 bought or addedQ2 25: 71 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20236065
Q4 20235370
Q1 20246154
Q2 20245354
Q3 20246060
Q4 20248264
Q1 20257073
Q2 20256171

Calls vs puts

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

CallsPuts
$0$1bn$2bn$3bn$4bnQ3 24 calls: $644.1mQ3 24 puts: $371.4mQ3 24P/C 0.58Q4 24 calls: $1.8bnQ4 24 puts: $456.6mQ4 24P/C 0.25Q1 25 calls: $3.1bnQ1 25 puts: $731.2mQ1 25P/C 0.24Q2 25 calls: $871.1mQ2 25 puts: $458.3mQ2 25P/C 0.53
Numbers
QuarterCallsPutsP/C
Q3 2024$644.1m$371.4m0.58
Q4 2024$1.8bn$456.6m0.25
Q1 2025$3.1bn$731.2m0.24
Q2 2025$871.1m$458.3m0.53

Biggest buyers

CI INVESTMENTS INC. Added +2,253,068+2.3m
BNP PARIBAS FINANCIAL MARKETS Added +1,608,342+1.6m
D. E. Shaw & Co., Inc. Added +848,556+848.6k
Galaxy Group Investments LLC New +650,000+650.0k
Qube Research & Technologies Ltd New +606,426+606.4k
SIH Partners, LLLP Added +312,245+312.2k
Provida Pension Fund Administrator Added +289,670+289.7k
RENAISSANCE TECHNOLOGIES LLC New +284,400+284.4k
JPMORGAN CHASE & CO Added +249,190+249.2k
BANK OF AMERICA CORP /DE/ Added +212,929+212.9k

Biggest sellers

BlueCrest Capital Management Ltd Sold out -5,829,592-5.8m
MORGAN STANLEY Reduced -5,821,211-5.8m
UBS Group AG Reduced -4,932,406-4.9m
OLD MISSION CAPITAL LLC Reduced -4,297,979-4.3m
Alaska Permanent Fund Corp Sold out -3,129,569-3.1m
BARCLAYS PLC Reduced -2,999,248-3.0m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -2,007,493-2.0m
Varma Mutual Pension Insurance Co Sold out -1,990,078-2.0m
SOROS FUND MANAGEMENT LLC Sold out -1,700,000-1.7m
GOLDMAN SACHS GROUP INC Reduced -1,078,815-1.1m

Biggest calls

BANK OF AMERICA CORP /DE/ Added $234.4m8.5m shares
Carrhae Capital LLP Reduced $106.4m3.9m shares
Owl Creek Asset Management, L.P. New $79.9m2.9m shares
UBS Group AG Reduced $68.8m2.5m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $56.1m2.0m shares
CITADEL ADVISORS LLC Reduced $55.2m2.0m shares
JANE STREET GROUP, LLC Reduced $53.7m1.9m shares
GOLDMAN SACHS GROUP INC Reduced $33.1m1.2m shares
Schonfeld Strategic Advisors LLC Added $33.0m1.2m shares
ExodusPoint Capital Management, LP Reduced $27.5m1.0m shares

Biggest puts

JANE STREET GROUP, LLC Added $129.0m4.7m shares
BANK OF AMERICA CORP /DE/ Added $117.0m4.2m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $53.2m1.9m shares
UBS Group AG Reduced $41.3m1.5m shares
GOLDMAN SACHS GROUP INC Added $22.7m825.0k shares
PEAK6 LLC Added $17.7m643.0k shares
CITADEL ADVISORS LLC Reduced $17.0m618.2k shares
Walleye Trading LLC Reduced $15.0m546.3k shares
CAPITAL FUND MANAGEMENT S.A. Added $10.6m384.3k shares
MILLENNIUM MANAGEMENT LLC Added $9.0m327.9k 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.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 5,978,3106.0m $164.6m $164.6m 0.01% Reduced -5.8m -5,821,211
2 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.13% of their portfolio BALA CYNWYD, PA 3,141,9133.1m $86.5m $86.5m 0.13% Reduced -2.0m -2,007,493
3 UBS Group AG 0.02% of their portfolio ZURICH, V8 2,834,2862.8m $78.1m $78.1m 0.02% Reduced -4.9m -4,932,406
4 CI INVESTMENTS INC. 0.29% of their portfolio TORONTO, Z4 2,802,8052.8m $77.2m $77.2m 0.29% Added +2.3m +2,253,068
5 Provida Pension Fund Administrator 1.29% of their portfolio LAS CONDES, SANTIAGO, F3 2,591,8902.6m $71.4m $71.4m 1.29% Added +289.7k +289,670
6 Rafferty Asset Management, LLC 0.22% of their portfolio New York, NY 2,447,5422.4m $67.4m $67.4m 0.22% Added +41.2k +41,205
7 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,309,7692.3m $63.6m $63.6m 0.01% Added +212.9k +212,929
8 BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio PARIS, I0 2,156,9212.2m $59.4m $59.4m 0.05% Added +1.6m +1,608,342
9 ICICI Prudential Asset Management Co Ltd 5.48% of their portfolio MUMBAI, K7 1,596,2101.6m $44.0m $44.0m 5.48% Unchanged
10 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,535,6391.5m $42.3m $42.3m 0.01% Reduced -1.1m -1,078,815
11 Quadrature Capital Ltd 0.63% of their portfolio LONDON, X0 1,320,4691.3m $36.4m $36.4m 0.63% Added +6.4k +6,352
12 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 1,289,4961.3m $35.5m $35.5m 0.04% Added +848.6k +848,556
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,185,9681.2m $32.7m $32.7m 0.00% Added +249.2k +249,190
14 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 969,346969.3k $26.7m $26.7m 0.01% Reduced -389.2k -389,194
15 STATE OF WISCONSIN INVESTMENT BOARD 0.05% of their portfolio MADISON, WI 760,000760.0k $20.9m $20.9m 0.05% Reduced -510.0k -510,000
16 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 674,856674.9k $18.6m $18.6m 0.02% Reduced -29.8k -29,794
17 Galaxy Group Investments LLC 2.64% of their portfolio NEW YORK, NY 650,000650.0k $17.9m $17.9m 2.64% New
18 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 648,059648.1k $17.8m $17.8m 0.02% Added +15.3k +15,276
19 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 619,559619.6k $17.1m $17.1m 0.01% Reduced -3.0m -2,999,248
20 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 606,426606.4k $16.7m $16.7m 0.02% New
21 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 551,221551.2k $15.2m $15.2m 0.01% Added +60.4k +60,412
22 Fosun International Ltd 3.98% of their portfolio HONG KONG, F4 520,270520.3k $14.3m $14.3m 3.98% Unchanged
23 Federation des caisses Desjardins du Quebec 0.06% of their portfolio LEVIS, A8 505,915505.9k $13.9m $13.9m 0.06% Added +79.4k +79,415
24 OLD MISSION CAPITAL LLC 0.35% of their portfolio CHICAGO, IL 476,557476.6k $13.1m $13.1m 0.35% Reduced -4.3m -4,297,979
25 Monaco Asset Management SAM 4.54% of their portfolio Monaco, O9 435,000435.0k $12.0m $12.0m 4.54% Unchanged
26 SIH Partners, LLLP 1.11% of their portfolio Wilmington, DE 423,239423.2k $11.7m $11.7m 1.11% Added +312.2k +312,245
27 Analyst IMS Investment Management Services Ltd. 0.33% of their portfolio Tel-aviv, L3 349,430349.4k $9.6m $9.6m 0.33% Reduced -5.1k -5,118
28 STRS OHIO 0.03% of their portfolio COLUMBUS, OH 338,600338.6k $9.3m $9.3m 0.03% Unchanged
29 BBR PARTNERS, LLC 0.51% of their portfolio NEW YORK, NY 298,919298.9k $8.2m $8.2m 0.51% Unchanged
30 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 296,855296.9k $8.2m $8.2m 0.00% Reduced -119.3k -119,307
31 Delphi Financial Group, Inc. 5.59% of their portfolio Wilmington, DE 288,030288.0k $7.9m $7.9m 5.59% Unchanged
32 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 284,400284.4k $7.8m $7.8m 0.01% New
33 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 262,998263.0k $7.2m $7.2m 0.00% Unchanged
34 Rovida Investment Management Ltd 1.27% of their portfolio Grand Cayman, E9 250,000250.0k $6.9m $6.9m 1.27% Unchanged
35 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 220,500220.5k $6.1m $6.1m 0.00% Reduced -99 -99
36 PRUDENTIAL PLC 0.04% of their portfolio LONDON, X0 218,765218.8k $6.0m $6.0m 0.04% Added +49.3k +49,260
37 SUN LIFE FINANCIAL INC 0.30% of their portfolio Toronto, A6 198,300198.3k $5.5m $5.5m 0.30% New
38 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 188,802188.8k $5.2m $5.2m 0.00% Added +1 +1
39 Police & Firemen's Retirement System of New Jersey 0.05% of their portfolio TRENTON, NJ 188,800188.8k $5.2m $5.2m 0.05% Unchanged
40 IMC-Chicago, LLC 0.13% of their portfolio CHICAGO, IL 181,714181.7k $5.0m $5.0m 0.13% New
41 Rokos Capital Management LLP 0.08% of their portfolio LONDON, X0 174,863174.9k $4.8m $4.8m 0.08% Unchanged
42 Tairen Capital Ltd 0.48% of their portfolio HONG KONG, K3 170,000170.0k $4.7m $4.7m 0.48% Reduced -158.9k -158,905
43 Brevan Howard Capital Management LP 0.05% of their portfolio ST. HELIER, Y9 163,233163.2k $4.5m $4.5m 0.05% Added +26.9k +26,942
44 ALTFEST L J & CO INC 0.51% of their portfolio NEW YORK, NY 156,314156.3k $4.3m $4.3m 0.51% Reduced -77.4k -77,368
45 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 150,575150.6k $4.1m $4.1m 0.01% Added +113.4k +113,393
46 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 149,818149.8k $4.1m $4.1m 0.01% Unchanged
47 ExodusPoint Capital Management, LP 0.05% of their portfolio NEW YORK, NY 143,884143.9k $4.0m $4.0m 0.05% Reduced -794.8k -794,832
48 New York Life Investment Management LLC 0.04% of their portfolio New York, NY 141,534141.5k $3.9m $3.9m 0.04% Added +116.9k +116,903
49 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 129,666129.7k $3.6m $3.6m 0.00% Added +79.7k +79,656
50 Banco BTG Pactual S.A. 0.67% of their portfolio RIO DE JANEIRO, D5 120,000120.0k $3.3m $3.3m 0.67% Added +7.0k +7,000
51 NOMURA ASSET MANAGEMENT CO LTD 0.01% of their portfolio TOKYO, M0 117,680117.7k $3.2m $3.2m 0.01% Added +4.4k +4,360
52 Harel Insurance Investments & Financial Services Ltd. 0.03% of their portfolio Ramat Gan, L3 108,812108.8k $3.0m $3.0m 0.03% Added +25.8k +25,800
53 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio CHICAGO, IL 101,579101.6k $2.8m $2.8m 0.01% Added +13.5k +13,479
54 Alberta Investment Management Corp 0.02% of their portfolio EDMONTON, A0 99,70099.7k $2.7m $2.7m 0.02% Unchanged
55 Banque Cantonale Vaudoise 0.10% of their portfolio LAUSANNE, V8 90,78690.8k $2.5m $2.5m 0.10% Reduced -187 -187
56 EVERGREEN CAPITAL MANAGEMENT LLC 0.06% of their portfolio Bellevue, WA 73,36773.4k $2.0m $2.0m 0.06% Added +8.8k +8,805
57 Quantitative Investment Management, LLC 0.26% of their portfolio CHARLOTTESVILLE, VA 71,66971.7k $2.0m $2.0m 0.26% New
58 Vontobel Holding Ltd. 0.01% of their portfolio ZURICH, V8 71,05571.1k $2.0m $2.0m 0.01% Added +1.5k +1,535
59 BANK OF NOVA SCOTIA 0.00% of their portfolio TORONTO, A6 69,29669.3k $1.9m $1.9m 0.00% Added +2.9k +2,860
60 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 62,73162.7k $1.7m $1.7m 0.00% Added +2.2k +2,184
61 ACIMA PRIVATE WEALTH, LLC 0.57% of their portfolio RICHMOND, VA 61,02061.0k $1.7m $1.7m 0.57% Reduced -1.8k -1,829
62 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 56,87956.9k $1.6m $1.6m 0.00% Reduced -87.3k -87,253
63 FIL Ltd 0.00% of their portfolio HAMILTON, D0 54,96155.0k $1.5m $1.5m 0.00% Reduced -1.3k -1,299
64 FLOW TRADERS U.S. LLC 0.05% of their portfolio NEW YORK, NY 53,63953.6k $1.5m $1.5m 0.05% Reduced -143.2k -143,243
65 MIRAE ASSET SECURITIES (USA) INC. 0.06% of their portfolio NEW YORK, NY 50,82450.8k $1.4m $1.4m 0.06% New
66 Jefferies Financial Group Inc. 0.02% of their portfolio NEW YORK, NY 50,00050.0k $1.4m $1.4m 0.02% New
67 Summit Place Financial Advisors, LLC 0.65% of their portfolio SUMMIT, NJ 46,66346.7k $1.3m $1.3m 0.65% Added +2.4k +2,425
68 Maven Securities LTD 0.32% of their portfolio ST HELIER, Y9 45,34245.3k $1.2m $1.2m 0.32% New
69 SELDON CAPITAL LP 0.53% of their portfolio SAN FRANCISCO, CA 44,10644.1k $1.2m $1.2m 0.53% Unchanged
70 INDEPENDENT FINANCIAL GROUP, LLC 0.03% of their portfolio SAN DIEGO, CA 42,33942.3k $1.2m $1.2m 0.03% Added +13.7k +13,687
71 Polunin Capital Partners Ltd 0.19% of their portfolio LONDON, X0 40,84540.8k $1.1m $1.1m 0.19% Unchanged
72 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 40,66040.7k $1.1m $1.1m 0.01% New
73 SIG BROKERAGE, LP 0.29% of their portfolio BALA CYNWYD, PA 38,60538.6k $1.1m $1.1m 0.29% Unchanged
74 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 38,04338.0k $1.0m $1.0m 0.00% Reduced -31.9k -31,876
75 Endowment Wealth Management, Inc. 0.49% of their portfolio APPLETON, WI 34,84634.8k $959.7k $959.7k 0.49% Reduced -1.2k -1,190
76 WASHINGTON GROWTH STRATEGIES LLC 0.67% of their portfolio WASHINGTON, DC 31,98032.0k $881.0k $881.0k 0.67% Added +32.0k +31,953
77 Strait & Sound Wealth Management LLC 0.35% of their portfolio SAN FRANCISCO, CA 30,00030.0k $826.2k $826.2k 0.35% Unchanged
78 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 28,09028.1k $773.6k $773.6k 0.00% Reduced -943 -943
79 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 28,08628.1k $773.5k $773.5k 0.00% Reduced -733.9k -733,937
80 Provenance Wealth Advisors, LLC 0.10% of their portfolio FORT LAUDERDALE, FL 24,23224.2k $667.3k $667.3k 0.10% Added +1.9k +1,923
81 Hutchinson Financial Advisors, INC 0.71% of their portfolio GLEN ALLEN, VA 22,90622.9k $630.8k $630.8k 0.71% First filing
82 Corecam Pte. Ltd. 0.35% of their portfolio SINGAPORE, U0 22,80022.8k $627.9k $627.9k 0.35% Reduced -63.0k -63,000
83 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 22,51522.5k $620.1k $620.1k 0.00% Reduced -58.4k -58,389
84 TWO SIGMA SECURITIES, LLC 0.08% of their portfolio NEW YORK, NY 22,18522.2k $611.0k $611.0k 0.08% Added +8.5k +8,487
85 Man Group plc 0.00% of their portfolio LONDON, X0 21,35221.4k $588.0k $588.0k 0.00% New
86 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 21,10721.1k $581.3k $581.3k 0.00% Reduced -4.1k -4,138
87 Capula Management Ltd 0.01% of their portfolio Grand Cayman, E9 19,47619.5k $536.4k $536.4k 0.01% Reduced -353.9k -353,945
88 TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio STAMFORD, CT 18,99119.0k $523.0k $523.0k 0.00% Added +10.0k +9,991
89 PICTON MAHONEY ASSET MANAGEMENT 0.01% of their portfolio Toronto, A6 18,64518.6k $513.0k $513.0k 0.01% Reduced -62.9k -62,890
90 Summit Trail Advisors, LLC 0.01% of their portfolio NEW YORK, NY 18,24718.2k $502.5k $502.5k 0.01% New
91 Phraction Management LLC 0.16% of their portfolio COLCHESTER, CT 17,61017.6k $485.0k $485.0k 0.16% Unchanged
92 Betterment LLC 0.00% of their portfolio NEW YORK, NY 16,93816.9k $466.0k $466.0k 0.00% Reduced -733 -733
93 Banco Santander, S.A. 0.00% of their portfolio Madrid, U3 15,50015.5k $426.9k $426.9k 0.00% Reduced -4.4k -4,400
94 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 14,43414.4k $397.4k $397.4k 0.00% Added +11.7k +11,712
95 BlackRock, Inc. 0.00% of their portfolio New York, NY 11,66811.7k $321.3k $321.3k 0.00% New
96 Anthracite Investment Company, Inc. 0.17% of their portfolio FORT WORTH, TX 11,50011.5k $316.7k $316.7k 0.17% New
97 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 10,13710.1k $279.2k $279.2k 0.00% Unchanged
98 Global Endowment Management, LP 0.04% of their portfolio CHARLOTTE, NC 10,00010.0k $275.4k $275.4k 0.04% Reduced -10.0k -10,000
99 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 9,1359.1k $251.6k $251.6k 0.00% Unchanged
100 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 8,8198.8k $241.5k $241.5k 0.00% Reduced -5.2k -5,151