Vault-13

SPDR SERIES TRUST XAR

AEROSPACE DEF · ETP · CUSIP 78464A631

374 institutional holders +1 vs Q4 2024
7,280,7217.3m shares reported held*
$1.2bnreported value*
39 new 132 added 94 reduced 33 sold out net bought ≈ $19.5m (+206.8k 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 ≈ $158.95. Options: 3 managers hold calls ($4.9m notional), 3 hold puts ($610.6k).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 222Q4 22: 253Q1 23: 254Q2 23: 261Q3 23: 263Q4 23: 333Q1 24: 336Q2 24: 349Q3 24: 348Q4 24: 373Q1 25: 374374Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022222
Q4 2022253
Q1 2023254
Q2 2023261
Q3 2023263
Q4 2023333
Q1 2024336
Q2 2024349
Q3 2024348
Q4 2024373
Q1 2025374

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 23: 101 bought or addedQ2 23: 108 cut or sold outQ3 23: 115 bought or addedQ3 23: 102 cut or sold outQ3 23Q4 23: 183 bought or addedQ4 23: 89 cut or sold outQ1 24: 151 bought or addedQ1 24: 125 cut or sold outQ1 24Q2 24: 170 bought or addedQ2 24: 116 cut or sold outQ3 24: 132 bought or addedQ3 24: 141 cut or sold outQ3 24Q4 24: 173 bought or addedQ4 24: 110 cut or sold outQ1 25: 171 bought or addedQ1 25: 127 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023101108
Q3 2023115102
Q4 202318389
Q1 2024151125
Q2 2024170116
Q3 2024132141
Q4 2024173110
Q1 2025171127

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ2 24 calls: $2.5mQ2 24 puts: $140.0kQ2 24P/C 0.06Q3 24 calls: $4.5mQ3 24 puts: $833.9kQ3 24P/C 0.18Q4 24 calls: $3.6mQ4 24 puts: $746.2kQ4 24P/C 0.20Q1 25 calls: $4.9mQ1 25 puts: $610.6kQ1 25P/C 0.13
Numbers
QuarterCallsPutsP/C
Q2 2024$2.5m$140.0k0.06
Q3 2024$4.5m$833.9k0.18
Q4 2024$3.6m$746.2k0.20
Q1 2025$4.9m$610.6k0.13

Biggest buyers

ENVESTNET ASSET MANAGEMENT INC Added +160,704+160.7k
Thrive Capital Management, LLC New +139,337+139.3k
MML INVESTORS SERVICES, LLC Added +45,960+46.0k
Cetera Investment Advisers Added +39,618+39.6k
RAYMOND JAMES FINANCIAL INC Added +34,722+34.7k
AMERIPRISE FINANCIAL INC Added +33,431+33.4k
Advisor Resource Council New +20,469+20.5k
COMMONWEALTH EQUITY SERVICES, LLC Added +16,706+16.7k
JPMORGAN CHASE & CO Added +15,065+15.1k
ROYAL BANK OF CANADA Added +14,717+14.7k

Biggest sellers

Focus Partners Wealth Reduced -134,034-134.0k
TWO SIGMA INVESTMENTS, LP Reduced -97,600-97.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -57,702-57.7k
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Reduced -36,753-36.8k
CUMBERLAND ADVISORS INC Reduced -33,230-33.2k
Independent Advisor Alliance Sold out -18,984-19.0k
Foundations Investment Advisors, LLC Sold out -18,687-18.7k
CENTAURUS FINANCIAL, INC. Reduced -16,429-16.4k
Quadcap Wealth Management, LLC Sold out -15,432-15.4k
PNC Financial Services Group, Inc. Reduced -14,809-14.8k

Biggest calls

CITADEL ADVISORS LLC Added $1.8m11.2k shares
Belvedere Trading LLC Added $1.8m11.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.3m8.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $337.4k2.1k shares
CITADEL ADVISORS LLC Added $144.6k900 shares
Belvedere Trading LLC Added $128.6k800 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.08% of their portfolio FORT MILL, SC 1,202,7091.2m $193.3m $193.3m 0.08% Added +12.0k +12,045
2 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 814,594814.6k $130.9m $130.9m 0.01% Added +3.7k +3,675
3 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 746,124746.1k $119.9m $119.9m 0.01% Reduced -12.0k -11,970
4 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 249,181249.2k $40.0m $40.0m 0.01% Added +10.2k +10,232
5 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 225,642225.6k $36.3m $36.3m 0.01% Added +160.7k +160,704
6 UBS Group AG 0.01% of their portfolio ZURICH, V8 208,908208.9k $33.6m $33.6m 0.01% Added +2.8k +2,810
7 Howard Capital Management Group, LLC 2.34% of their portfolio Los Angeles, CA 187,371187.4k $30.1m $30.1m 2.34% Added +1.0k +1,038
8 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 168,110168.1k $27.0m $27.0m 0.01% Added +34.7k +34,722
9 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 157,397157.4k $25.3m $25.3m 0.00% Reduced -792 -792
10 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 150,743150.7k $24.2m $24.2m 0.03% Added +16.7k +16,706
11 Thrive Capital Management, LLC 5.12% of their portfolio FORT WASHINGTON, PA 139,337139.3k $8.6m $8.6m 5.12% New
12 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 133,766133.8k $21.5m $21.5m 0.01% Reduced -14.8k -14,809
13 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 123,963124.0k $19.9m $19.9m 0.04% Added +39.6k +39,618
14 CUMBERLAND ADVISORS INC 8.10% of their portfolio SARASOTA, FL 111,149111.1k $17.9m $17.9m 8.10% Reduced -33.2k -33,230
15 Gerber Kawasaki Wealth & Investment Management 0.78% of their portfolio SANTA MONICA, CA 108,162108.2k $17.4m $17.4m 0.78% Added +409 +409
16 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 106,917106.9k $17.2m $17.2m 0.04% Reduced -7.5k -7,498
17 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 105,773105.8k $17.0m $17.0m 0.00% Added +14.7k +14,717
18 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 98,33698.3k $15.8m $15.8m 0.00% Added +33.4k +33,431
19 Cambridge Investment Research Advisors, Inc. 0.05% of their portfolio FAIRFIELD, IA 92,23992.2k $14.8m $14.8m 0.05% Added +8.0k +8,049
20 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 91,10691.1k $14.6m $14.6m 0.01% First filing
21 Enclave Advisors LLC 2.35% of their portfolio AUSTIN, TX 85,63885.6k $13.8m $13.8m 2.35% Added +11.3k +11,254
22 Kingsview Wealth Management, LLC 0.23% of their portfolio GRANTS PASS, OR 77,49677.5k $12.5m $12.5m 0.23% Added +1.3k +1,320
23 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 61,31661.3k $9.9m $9.9m 0.03% Added +46.0k +45,960
24 Buska Wealth Management, LLC 2.93% of their portfolio WAUSAU, WI 58,26858.3k $9.4m $9.4m 2.93% Reduced -4.1k -4,066
25 CoreCap Advisors, LLC 0.37% of their portfolio SOUTHFIELD, MI 52,10652.1k $8.4m $8.4m 0.37% Added +6.6k +6,573
26 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 50,37250.4k $8.1m $8.1m 0.01% Added +85 +85
27 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 46,41446.4k $7.5m $7.5m 0.02% Reduced -134.0k -134,034
28 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 43,19443.2k $6.9m $6.9m 0.00% Added +15.1k +15,065
29 Obsidian Personal Planning Solutions LLC 3.09% of their portfolio ROCKVILLE, MD 40,51140.5k $6.9m $6.9m 3.09% Added +4.2k +4,170
30 Lido Advisors, LLC 0.04% of their portfolio Los Angeles, CA 39,36139.4k $6.3m $6.3m 0.04% Added +581 +581
31 BOURGEON CAPITAL MANAGEMENT LLC 1.31% of their portfolio Darien, CT 37,95338.0k $6.1m $6.1m 1.31% Reduced -295 -295
32 FLC Capital Advisors 1.32% of their portfolio PALM DESERT, CA 36,71336.7k $5.9m $5.9m 1.32% Added +335 +335
33 WESPAC Advisors SoCal, LLC 1.48% of their portfolio Pasadena, CA 35,47535.5k $5.7m $5.7m 1.48% Added +2.9k +2,891
34 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 32,57332.6k $5.2m $5.2m 0.00% Added +10.1k +10,101
35 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 28,80528.8k $4.6m $4.6m 0.01% Reduced -961 -961
36 Atria Wealth Solutions, Inc. 0.05% of their portfolio NEW YORK, NY 25,47725.5k $4.1m $4.1m 0.05% Added +4.0k +4,014
37 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 24,55224.6k $3.9m $3.9m 0.01% Reduced -988 -988
38 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 22,35722.4k $3.6m $3.6m 0.00% Added +1.1k +1,126
39 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 21,64921.6k $3.5m $3.5m 0.02% Reduced -212 -212
40 Advisor Resource Council 0.27% of their portfolio DALLAS, TX 20,46920.5k $3.3m $3.3m 0.27% New
41 SFI Advisors, LLC 2.38% of their portfolio Montclair, NJ 20,07620.1k $3.2m $3.2m 2.38% Reduced -407 -407
42 IHT Wealth Management, LLC 0.10% of their portfolio Chicago, IL 19,63919.6k $3.2m $3.2m 0.10% Reduced -590 -590
43 Mariner, LLC 0.01% of their portfolio Overland Park, KS 19,12719.1k $3.1m $3.1m 0.01% Added +751 +751
44 Pacific Sun Financial Corp 1.70% of their portfolio LOS ANGELES, CA 18,56918.6k $3.0m $3.0m 1.70% Reduced -135 -135
45 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 18,38018.4k $3.0m $3.0m 0.01% Added +1.7k +1,667
46 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 18,23118.2k $2.9m $2.9m 0.01% Added +7.6k +7,646
47 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 18,18818.2k $2.9m $2.9m 0.01% Added +886 +886
48 Perigon Wealth Management, LLC 0.07% of their portfolio SAN FRANCISCO, CA 17,94217.9k $2.9m $2.9m 0.07% Added +111 +111
49 PINNACLE ASSOCIATES LTD 0.04% of their portfolio NEW YORK, NY 17,35717.4k $2.8m $2.8m 0.04% Reduced -75 -75
50 Orion Portfolio Solutions, LLC 0.01% of their portfolio Omaha, NE 17,13317.1k $2.8m $2.8m 0.01% Added +8.3k +8,295
51 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 16,97017.0k $2.7m $2.7m 0.00% Reduced -1.4k -1,417
52 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 16,80016.8k $2.7m $2.7m 0.00% Added +2.5k +2,475
53 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 16,41016.4k $2.7m $2.7m 0.00% Added +4.5k +4,475
54 SeaCrest Wealth Management, LLC 0.30% of their portfolio PURCHASE, NY 16,23416.2k $2.6m $2.6m 0.30% Added +138 +138
55 Wealthfront Advisers LLC 0.01% of their portfolio Palo Alto, CA 15,80915.8k $2.5m $2.5m 0.01% Reduced -74 -74
56 Stratos Wealth Partners, LTD. 0.04% of their portfolio BEACHWOOD, OH 15,26115.3k $2.5m $2.5m 0.04% Added +17 +17
57 D.A. DAVIDSON & CO. 0.02% of their portfolio GREAT FALLS, MT 15,04815.0k $2.4m $2.4m 0.02% Added +51 +51
58 NovaPoint Capital, LLC 0.74% of their portfolio ATLANTA, GA 15,03415.0k $2.4m $2.4m 0.74% Reduced -1.6k -1,562
59 American Financial Advisors, LLC 0.34% of their portfolio Marietta, GA 14,77214.8k $2.4m $2.4m 0.34% Reduced -193 -193
60 Tower Research Capital LLC (TRC) 0.07% of their portfolio NEW YORK, NY 14,68214.7k $2.4m $2.4m 0.07% Added +14.7k +14,677
61 BANK HAPOALIM BM 0.33% of their portfolio TEL AVIV, L3 14,05814.1k $2.3m $2.3m 0.33% Reduced -412 -412
62 Cavalier Investments, LLC 0.75% of their portfolio ALPHARETTA, GA 13,80413.8k $2.2m $2.2m 0.75% Unchanged
63 MEITAV INVESTMENT HOUSE LTD 0.04% of their portfolio BENE-BERAQ, L3 13,72413.7k $2.2m $2.2m 0.04% Reduced -4.1k -4,095
64 Equitable Holdings, Inc. 0.02% of their portfolio NEW YORK, NY 13,63013.6k $2.2m $2.2m 0.02% Added +861 +861
65 Yelin Lapidot Holdings Management Ltd. 0.39% of their portfolio Tel Aviv, L3 12,50012.5k $2.0m $2.0m 0.39% New
66 OPPENHEIMER & CO INC 0.03% of their portfolio NEW YORK, NY 12,44912.4k $2.0m $2.0m 0.03% Reduced -6.5k -6,525
67 Y.D. More Investments Ltd 0.17% of their portfolio Ramat Gan, L3 12,41012.4k $2.0m $2.0m 0.17% Added +11.2k +11,250
68 Ameritas Advisory Services, LLC 0.08% of their portfolio Lincoln, NE 11,52811.5k $1.9m $1.9m 0.08% Added +1.9k +1,944
69 Waverly Advisors, LLC 0.02% of their portfolio BIRMINGHAM, AL 11,20111.2k $1.8m $1.8m 0.02% Reduced -9 -9
70 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 10,73210.7k $1.7m $1.7m 0.02% Added +1.9k +1,877
71 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.05% of their portfolio LOS ANGELES, CA 10,68910.7k $1.7m $1.7m 0.05% Added +288 +288
72 Trivium Point Advisory, LLC 0.21% of their portfolio WILTON, CT 10,45710.5k $1.7m $1.7m 0.21% Reduced -288 -288
73 Retirement Planning Group, LLC 0.08% of their portfolio LEAWOOD, KS 10,44010.4k $1.7m $1.7m 0.08% Reduced -2.2k -2,232
74 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 10,04910.0k $1.6m $1.6m 0.00% Reduced -134 -134
75 World Investment Advisors 0.04% of their portfolio LINCROFT, NJ 10,03310.0k $1.6m $1.6m 0.04% Added +104 +104
76 Clarus Wealth Advisors 0.86% of their portfolio PEORIA, AZ 9,95210.0k $1.6m $1.6m 0.86% Reduced -1.5k -1,490
77 PRINCIPAL SECURITIES, INC. 0.04% of their portfolio DES MOINES, IA 9,8639.9k $1.6m $1.6m 0.04% Unchanged
78 Empowered Funds, LLC 0.02% of their portfolio NEWTOWN SQUARE, PA 9,8469.8k $1.6m $1.6m 0.02% New
79 Anson Capital, Inc. 1.36% of their portfolio TYRONE, GA 9,8389.8k $1.6m $1.6m 1.36% Reduced -9 -9
80 Envestnet Portfolio Solutions, Inc. 0.01% of their portfolio BERWYN, PA 9,7539.8k $1.6m $1.6m 0.01% Added +4.5k +4,496
81 J.W. COLE ADVISORS, INC. 0.05% of their portfolio TAMPA, FL 9,5459.5k $1.5m $1.5m 0.05% Added +5.8k +5,840
82 MGB Wealth Management, LLC 0.55% of their portfolio ADDISON, TX 9,5219.5k $1.5m $1.5m 0.55% Unchanged
83 Summit Financial, LLC 0.04% of their portfolio PARSIPPANY, NJ 9,1029.1k $1.5m $1.5m 0.04% Added +1.0k +1,023
84 Prime Capital Investment Advisors, LLC 0.02% of their portfolio OVERLAND PARK, KS 8,6578.7k $1.4m $1.4m 0.02% Added +6.0k +5,999
85 Migdal Insurance & Financial Holdings Ltd. 0.02% of their portfolio Petach Tikva, L3 8,6328.6k $1.4m $1.4m 0.02% Reduced -12.5k -12,506
86 Ausdal Financial Partners, Inc. 0.10% of their portfolio Davenport, IA 8,5618.6k $1.4m $1.4m 0.10% New
87 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 8,2958.3k $1.3m $1.3m 0.01% Reduced -543 -543
88 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 8,2578.3k $1.3m $1.3m 0.01% Added +67 +67
89 B. Riley Wealth Advisors, Inc. 0.04% of their portfolio MEMPHIS, TN 8,1628.2k $1.3m $1.3m 0.04% Added +56 +56
90 VIEWPOINT INVESTMENT PARTNERS CORP 0.71% of their portfolio CALGARY, A0 8,1558.2k $1.3m $1.3m 0.71% New
91 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 8,1018.1k $1.3m $1.3m 0.00% Added +1.0k +1,018
92 Maridea Wealth Management LLC 0.42% of their portfolio BROOKLYN, NY 8,0778.1k $1.3m $1.3m 0.42% Added +3.9k +3,941
93 OMERS ADMINISTRATION Corp 0.01% of their portfolio TORONTO, A6 7,7007.7k $1.2m $1.2m 0.01% New
94 Fifth Third Securities, Inc. 0.10% of their portfolio Cincinnati, OH 7,5787.6k $1.2m $1.2m 0.10% Added +5.1k +5,053
95 IFP Advisors, Inc 0.04% of their portfolio TAMPA, FL 7,4947.5k $1.2m $1.2m 0.04% Added +663 +663
96 Keystone Global Partners, LLC 0.82% of their portfolio DENVER, CO 7,3047.3k $1.2m $1.2m 0.82% First filing
97 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 6,8636.9k $1.1m $1.1m 0.00% Reduced -4.9k -4,946
98 MADDEN SECURITIES Corp 0.41% of their portfolio DALLAS, TX 6,6056.6k $1.1m $1.1m 0.41% New
99 Meixler Investment Management, Ltd. 0.73% of their portfolio SHOW LOW, AZ 6,5246.5k $1.0m $1.0m 0.73% Reduced -491 -491
100 FMR LLC 0.00% of their portfolio BOSTON, MA 6,4386.4k $1.0m $1.0m 0.00% Added +1.6k +1,595