Vault-13

SPDR INDEX SHS FDS FEZ

EURO STOXX 50 · ETP · CUSIP 78463X202

337 institutional holders -15 vs Q4 2025
40,134,48340.1m shares reported held*
$2.5bnreported value*
28 new 134 added 95 reduced 40 sold out net sold ≈ $247.6m (-4.0m 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 ($5.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $62.03. Options: 13 managers hold calls ($1.2bn notional), 14 hold puts ($288.1m).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 164Q4 22: 188Q1 23: 220Q2 23: 226Q3 23: 214Q4 23: 222Q1 24: 234Q2 24: 254Q3 24: 243Q4 24: 245Q1 25: 313Q2 25: 345Q3 25: 335Q4 25: 352Q1 26: 337337Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 2022164
Q4 2022188
Q1 2023220
Q2 2023226
Q3 2023214
Q4 2023222
Q1 2024234
Q2 2024254
Q3 2024243
Q4 2024245
Q1 2025313
Q2 2025345
Q3 2025335
Q4 2025352
Q1 2026337

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 24: 123 bought or addedQ2 24: 88 cut or sold outQ3 24: 99 bought or addedQ3 24: 112 cut or sold outQ3 24Q4 24: 96 bought or addedQ4 24: 110 cut or sold outQ1 25: 194 bought or addedQ1 25: 82 cut or sold outQ1 25Q2 25: 215 bought or addedQ2 25: 113 cut or sold outQ3 25: 172 bought or addedQ3 25: 138 cut or sold outQ3 25Q4 25: 183 bought or addedQ4 25: 116 cut or sold outQ1 26: 162 bought or addedQ1 26: 135 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 202412388
Q3 202499112
Q4 202496110
Q1 202519482
Q2 2025215113
Q3 2025172138
Q4 2025183116
Q1 2026162135

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bnQ2 25 calls: $88.6mQ2 25 puts: $297.7mQ2 25P/C 3.36Q3 25 calls: $165.5mQ3 25 puts: $237.7mQ3 25P/C 1.44Q4 25 calls: $171.4mQ4 25 puts: $250.7mQ4 25P/C 1.46Q1 26 calls: $1.2bnQ1 26 puts: $288.1mQ1 26P/C 0.24
Numbers
QuarterCallsPutsP/C
Q2 2025$88.6m$297.7m3.36
Q3 2025$165.5m$237.7m1.44
Q4 2025$171.4m$250.7m1.46
Q1 2026$1.2bn$288.1m0.24

Biggest buyers

FLOW TRADERS U.S. LLC New +4,630,867+4.6m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +631,851+631.9k
JANE STREET GROUP, LLC Added +488,673+488.7k
UBS Group AG Added +377,421+377.4k
MORGAN STANLEY Added +267,453+267.5k
BANK OF AMERICA CORP /DE/ Added +218,954+219.0k
WELLS FARGO & COMPANY/MN Added +173,329+173.3k
Financial Management Professionals, Inc. New +145,607+145.6k
PGIM Custom Harvest LLC Added +136,947+136.9k
ENVESTNET ASSET MANAGEMENT INC Added +134,085+134.1k

Biggest sellers

JPMORGAN CHASE & CO Reduced -7,639,311-7.6m
PRUDENTIAL PLC Reduced -695,131-695.1k
CITADEL ADVISORS LLC Sold out -406,738-406.7k
1607 Capital Partners, LLC Reduced -337,738-337.7k
Bensler, LLC Reduced -330,896-330.9k
Allianz Asset Management GmbH Sold out -318,200-318.2k
Robinhood Asset Management, LLC Reduced -305,472-305.5k
Allspring Global Investments Holdings, LLC Reduced -289,364-289.4k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -247,501-247.5k
GOLDMAN SACHS GROUP INC Reduced -222,331-222.3k

Biggest calls

BARCLAYS PLC New $866.0m13.9m shares
CITADEL ADVISORS LLC Added $98.6m1.6m shares
Optiver Holding B.V. Added $82.0m1.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $55.4m891.6k shares
Jain Global LLC New $30.4m490.4k shares
JANE STREET GROUP, LLC Added $23.0m369.7k shares
IMC-Chicago, LLC Added $21.2m341.6k shares
CITIGROUP INC New $15.5m250.0k shares
Walleye Trading LLC Added $9.2m147.8k shares
MILLENNIUM MANAGEMENT LLC Reduced $3.3m53.5k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $111.9m1.8m shares
JANE STREET GROUP, LLC Added $40.4m650.4k shares
Allianz Asset Management GmbH New $31.0m500.0k shares
CITADEL ADVISORS LLC Reduced $25.4m409.6k shares
TUDOR INVESTMENT CORP ET AL New $18.6m300.0k shares
SCOPUS ASSET MANAGEMENT, L.P. Reduced $15.5m250.0k shares
BNP PARIBAS FINANCIAL MARKETS New $11.6m1.9k shares
UBS Group AG Reduced $10.9m175.0k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $7.6m121.9k shares
DeepCurrents Investment Group LLC New $6.2m1.0k 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.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FLOW TRADERS U.S. LLC 9.09% of their portfolio NEW YORK, NY 4,630,8674.6m $287.5m $287.5m 9.09% New
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,680,1493.7m $228.5m $228.5m 0.01% Added +267.5k +267,453
3 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 3,386,1743.4m $210.2m $210.2m 0.02% Added +219.0k +218,954
4 1607 Capital Partners, LLC 10.51% of their portfolio Richmond, VA 2,350,5152.4m $145.9m $145.9m 10.51% Reduced -337.7k -337,738
5 UBS Group AG 0.02% of their portfolio ZURICH, V8 2,261,6892.3m $140.4m $140.4m 0.02% Added +377.4k +377,421
6 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,941,4481.9m $120.5m $120.5m 0.02% Reduced -222.3k -222,331
7 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 1,606,2401.6m $99.7m $99.7m 0.02% Added +173.3k +173,329
8 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 1,139,1431.1m $70.7m $70.7m 0.02% Added +13.7k +13,730
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,127,4691.1m $67.5m $67.5m 0.00% Reduced -7.6m -7,639,311
10 Allspring Global Investments Holdings, LLC 0.11% of their portfolio CHARLOTTE, NC 1,070,5691.1m $66.5m $66.5m 0.11% Reduced -289.4k -289,364
11 SOUTHERN FARM BUREAU LIFE INSURANCE 5.17% of their portfolio JACKSON, MS 802,765802.8k $48.9m $48.9m 5.17% Unchanged
12 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.05% of their portfolio BALA CYNWYD, PA 674,120674.1k $41.8m $41.8m 0.05% Added +631.9k +631,851
13 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 610,964611.0k $37.9m $37.9m 0.01% Reduced -15.6k -15,631
14 PGIM Custom Harvest LLC 0.55% of their portfolio NEWARK, NJ 571,784571.8k $35.5m $35.5m 0.55% Added +136.9k +136,947
15 JANE STREET GROUP, LLC 0.04% of their portfolio NEW YORK, NY 567,680567.7k $35.2m $35.2m 0.04% Added +488.7k +488,673
16 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 549,689549.7k $35.4m $35.4m 0.01% Reduced -163.7k -163,731
17 PRUDENTIAL PLC 0.25% of their portfolio LONDON, X0 529,169529.2k $32.9m $32.9m 0.25% Reduced -695.1k -695,131
18 Robinhood Asset Management, LLC 1.76% of their portfolio MENLO PARK, CA 390,740390.7k $24.3m $24.3m 1.76% Reduced -305.5k -305,472
19 Piedmont Capital Management, LLC 12.23% of their portfolio WHITEFISH, MT 382,422382.4k $24.0m $24.0m 12.23% Added +9.4k +9,413
20 CIBC WORLD MARKET INC. 0.04% of their portfolio TORONTO, A6 373,220373.2k $23.2m $23.2m 0.04% Added +4.1k +4,142
21 SCOTIA CAPITAL INC. 0.09% of their portfolio TORONTO, A6 371,419371.4k $23.1m $23.1m 0.09% Added +107.5k +107,471
22 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 348,175348.2k $21.6m $21.6m 0.01% Reduced -217.0k -217,027
23 SUMITOMO LIFE INSURANCE CO 0.47% of their portfolio TOKYO, M0 321,200321.2k $19.9m $19.9m 0.47% Reduced -70.1k -70,100
24 Fisher Asset Management, LLC 0.01% of their portfolio PLANO, TX 311,582311.6k $19.3m $19.3m 0.01% Reduced -3.6k -3,597
25 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 293,270293.3k $18.2m $18.2m 0.01% Added +34.9k +34,923
26 MATAURO, LLC 2.55% of their portfolio NEW YORK, NY 284,750284.8k $17.7m $17.7m 2.55% Added +26.7k +26,740
27 COURIER CAPITAL LLC 0.88% of their portfolio BUFFALO, NY 254,737254.7k $15.8m $15.8m 0.88% Added +805 +805
28 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 253,766253.8k $15.8m $15.8m 0.02% Reduced -15.0k -14,971
29 Rockefeller Capital Management L.P. 0.03% of their portfolio NEW YORK, NY 232,271232.3k $14.4m $14.4m 0.03% Added +9.8k +9,838
30 Circle Wealth Management, LLC 0.20% of their portfolio SUMMIT, NJ 229,718229.7k $14.3m $14.3m 0.20% Added +94.9k +94,947
31 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 213,627213.6k $13.3m $13.3m 0.00% Reduced -54.3k -54,283
32 Atlantic Union Bankshares Corp 0.24% of their portfolio GLEN ALLEN, VA 205,130205.1k $12.7m $12.7m 0.24% Added +52.4k +52,367
33 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 205,122205.1k $12.7m $12.7m 0.00% Added +134.1k +134,085
34 Wealthspire Retirement, LLC 0.70% of their portfolio ALISO VIEJO, CA 189,156189.2k $11.7m $11.7m 0.70% Added +23.7k +23,670
35 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 188,913188.9k $11.7m $11.7m 0.01% Reduced -247.5k -247,501
36 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 179,866179.9k $11.2m $11.2m 0.02% Reduced -15.8k -15,773
37 BROWN ADVISORY INC 0.02% of their portfolio BALTIMORE, MD 176,784176.8k $11.0m $11.0m 0.02% Reduced -779 -779
38 Almanack Investment Partners, LLC. 1.73% of their portfolio WAYNE, PA 164,736164.7k $10.2m $10.2m 1.73% Reduced -1.2k -1,230
39 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 164,201164.2k $10.2m $10.2m 0.00% Added +18.8k +18,753
40 GFS Advisors, LLC 0.62% of their portfolio HOUSTON, TX 156,277156.3k $9.7m $9.7m 0.62% Reduced -945 -945
41 Financial Enhancement Group LLC 1.27% of their portfolio ANDERSON, IN 151,373151.4k $10.2m $10.2m 1.27% Added +10.4k +10,434
42 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.03% of their portfolio LOS ANGELES, CA 150,851150.9k $9.2m $9.2m 0.03% Added +10.7k +10,745
43 Financial Management Professionals, Inc. 1.01% of their portfolio AUSTIN, TX 145,607145.6k $9.0m $9.0m 1.01% New
44 ASHFORD CAPITAL MANAGEMENT INC 1.08% of their portfolio WILMINGTON, DE 141,178141.2k $8.8m $8.8m 1.08% Added +17.7k +17,677
45 Koshinski Asset Management, Inc. 0.50% of their portfolio DECATUR, IL 129,379129.4k $8.0m $8.0m 0.50% Added +6.8k +6,810
46 NTV Asset Management LLC 0.87% of their portfolio Charleston, WV 126,842126.8k $7.9m $7.9m 0.87% Added +980 +980
47 SSA SWISS ADVISORS AG 3.64% of their portfolio ZURICH, V8 126,228126.2k $7.8m $7.8m 3.64% Added +26.2k +26,174
48 Gladstone Institutional Advisory LLC 0.29% of their portfolio Bedminster, NJ 125,721125.7k $7.8m $7.8m 0.29% Added +53.7k +53,731
49 Harel Insurance Investments & Financial Services Ltd. 0.05% of their portfolio Ramat Gan, L3 121,558121.6k $7.5m $7.5m 0.05% Added +6.4k +6,388
50 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 117,679117.7k $7.3m $7.3m 0.01% Added +5.0k +4,985
51 Jain Global LLC 0.09% of their portfolio NEW YORK, NY 115,000115.0k $7.1m $7.1m 0.09% New
52 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 113,161113.2k $7.0m $7.0m 0.00% Reduced -2.5k -2,463
53 Allie Family Office LLC 3.00% of their portfolio MIAMI, FL 110,149110.1k $6.8m $6.8m 3.00% Added +15.3k +15,311
54 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 110,035110.0k $6.8m $6.8m 0.00% Added +70.2k +70,238
55 Private Wealth Advisors, LLC 1.88% of their portfolio Fresno, CA 107,477107.5k $6.7m $6.7m 1.88% Added +2.3k +2,259
56 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 105,426105.4k $6.5m $6.5m 0.01% Reduced -43.2k -43,162
57 LEVEL FOUR ADVISORY SERVICES, LLC 0.21% of their portfolio DALLAS, TX 101,384101.4k $6.3m $6.3m 0.21% Added +4.0k +3,959
58 LYNX CAPITAL GROUP LTD /ADV 2.92% of their portfolio BEACHWOOD, OH 101,270101.3k $6.3m $6.3m 2.92% Added +56 +56
59 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 98,00598.0k $6.1m $6.1m 0.01% Added +12.1k +12,109
60 Vontobel Holding Ltd. 0.02% of their portfolio ZURICH, V8 96,69496.7k $6.0m $6.0m 0.02% Added +65 +65
61 Arch Global Advisors, LLC 2.77% of their portfolio NEW YORK, NY 85,40785.4k $5.3m $5.3m 2.77% First filing
62 TTP Investments, Inc. 2.13% of their portfolio San Jose, CA 82,41282.4k $5.1m $5.1m 2.13% New
63 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 82,04282.0k $5.1m $5.1m 0.01% Reduced -2.6k -2,645
64 Redhawk Wealth Advisors, Inc. 0.56% of their portfolio MINNEAPOLIS, MN 81,29281.3k $5.0m $5.0m 0.56% Added +6.2k +6,248
65 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 76,15176.2k $4.7m $4.7m 0.02% Added +9.7k +9,726
66 Equitable Holdings, Inc. 0.03% of their portfolio NEW YORK, NY 75,61475.6k $4.9m $4.9m 0.03% Reduced -69.8k -69,828
67 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 74,03874.0k $4.6m $4.6m 0.02% Reduced -6.3k -6,320
68 LFA - Lugano Financial Advisors SA 2.27% of their portfolio LUGANO, V8 71,94971.9k $4.5m $4.5m 2.27% Added +32.5k +32,485
69 Demars Financial Group, LLC 1.44% of their portfolio SPOKANE VALLEY, WA 70,46670.5k $4.4m $4.4m 1.44% Reduced -3.3k -3,278
70 MAINSTAY CAPITAL MANAGEMENT LLC /ADV 0.34% of their portfolio GRAND BLANC, MI 70,23170.2k $4.4m $4.4m 0.34% Reduced -461 -461
71 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 67,25367.3k $4.2m $4.2m 0.00% Reduced -73.1k -73,097
72 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 67,02467.0k $4.1m $4.1m 0.00% Added +47.4k +47,388
73 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 66,96467.0k $4.2m $4.2m 0.01% Added +6.4k +6,385
74 Phoenix Financial Ltd. 0.04% of their portfolio Givatayim, L3 63,57263.6k $3.9m $3.9m 0.04% Added +4.5k +4,511
75 Migdal Insurance & Financial Holdings Ltd. 0.03% of their portfolio Petach Tikva, L3 62,10262.1k $3.9m $3.9m 0.03% Reduced -53.1k -53,139
76 Climber Capital SA 2.13% of their portfolio NYON, V8 61,97962.0k $3.2m $3.2m 2.13% Reduced -870 -870
77 3EDGE Asset Management, LP 0.18% of their portfolio Naples, FL 61,95862.0k $3.8m $3.8m 0.18% Added +361 +361
78 PKS Advisory Services, LLC 0.88% of their portfolio ALBANY, NY 61,05161.1k $3.8m $3.8m 0.88% Added +1.2k +1,225
79 WASHINGTON GROWTH STRATEGIES LLC 2.40% of their portfolio WASHINGTON, DC 59,13559.1k $3.7m $3.7m 2.40% Added +3.1k +3,079
80 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 59,07359.1k $3.7m $3.7m 0.01% Reduced -3.6k -3,599
81 Federation des caisses Desjardins du Quebec 0.01% of their portfolio LEVIS, A8 57,95158.0k $3.6m $3.6m 0.01% Added +1.4k +1,366
82 Meridian Wealth Management, LLC 0.13% of their portfolio LEXINGTON, KY 57,83257.8k $3.6m $3.6m 0.13% Added +1.0k +1,047
83 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 56,67656.7k $3.2m $3.2m 0.00% Reduced -58.9k -58,922
84 Summit Financial, LLC 0.04% of their portfolio PARSIPPANY, NJ 55,15455.2k $3.4m $3.4m 0.04% Reduced -1.7k -1,721
85 Del-Sette Capital Management, LLC 2.04% of their portfolio SCHENECTADY, NY 54,79654.8k $3.4m $3.4m 2.04% Reduced -2.4k -2,434
86 Eagle Strategies LLC 0.40% of their portfolio NEW YORK, NY 53,94753.9k $3.3m $3.3m 0.40% Added +2.2k +2,182
87 Rathbones Group PLC 0.01% of their portfolio Liverpool, X0 53,18853.2k $3.3m $3.3m 0.01% Added +4.6k +4,638
88 Sandbox Financial Partners, LLC 0.92% of their portfolio BETHESDA, MD 52,89152.9k $3.3m $3.3m 0.92% Added +6.2k +6,171
89 Addison Capital Co 0.57% of their portfolio Conshohocken, PA 51,48951.5k $3.2m $3.2m 0.57% New
90 Upper Left Wealth Management, LLC 1.77% of their portfolio TAMPA, FL 48,29648.3k $3.0m $3.0m 1.77% Added +41 +41
91 COLTON GROOME FINANCIAL ADVISORS, LLC 0.82% of their portfolio ASHEVILLE, NC 46,18546.2k $2.9m $2.9m 0.82% Added +3.5k +3,518
92 QUATTRO FINANCIAL ADVISORS LLC 0.85% of their portfolio The Woodlands, TX 45,28845.3k $2.8m $2.8m 0.85% Added +972 +972
93 Karnit Road Accident Victims Compensation Fund 1.60% of their portfolio TEL-AVIV, L3 43,80143.8k $2.7m $2.7m 1.60% Unchanged
94 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 43,41043.4k $2.7m $2.7m 0.00% Reduced -2.1k -2,130
95 Concord Wealth Partners 0.35% of their portfolio ABINGDON, VA 43,19243.2k $2.7m $2.7m 0.35% Reduced -103 -103
96 Waverly Advisors, LLC 0.02% of their portfolio BIRMINGHAM, AL 42,02042.0k $2.6m $2.6m 0.02% Added +41.7k +41,689
97 RITHOLTZ WEALTH MANAGEMENT 0.04% of their portfolio NEW YORK, NY 41,65741.7k $2.6m $2.6m 0.04% Added +47 +47
98 Walkner Condon Financial Advisors LLC 0.34% of their portfolio MADISON, WI 41,40341.4k $2.6m $2.6m 0.34% Reduced -641 -641
99 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 38,62538.6k $2.4m $2.4m 0.01% Reduced -20.3k -20,255
100 GROUP ONE TRADING LLC 0.08% of their portfolio CHICAGO, IL 38,53138.5k $2.4m $2.4m 0.08% New