Vault-13

SPDR SERIES TRUST XAR

AEROSPACE DEF · ETP · CUSIP 78464A631

618 institutional holders +44 vs Q1 2026
10,479,15010.5m shares reported held*
$3.0bnreported value*
90 new 241 added 142 reduced 46 sold out net bought ≈ $124.0m (+433.3k 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 ($1.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $283.87. Options: 4 managers hold calls ($26.8m notional), 3 hold puts ($7.0m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 222Q4 22: 253Q1 23: 254Q2 23: 261Q3 23: 263Q4 23: 333Q1 24: 336Q2 24: 349Q3 24: 348Q4 24: 373Q1 25: 374Q2 25: 414Q3 25: 454Q4 25: 500Q1 26: 574Q2 26: 618618Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022222
Q4 2022253
Q1 2023254
Q2 2023261
Q3 2023263
Q4 2023333
Q1 2024336
Q2 2024349
Q3 2024348
Q4 2024373
Q1 2025374
Q2 2025414
Q3 2025454
Q4 2025500
Q1 2026574
Q2 2026618

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 24: 132 bought or addedQ3 24: 141 cut or sold outQ4 24: 173 bought or addedQ4 24: 110 cut or sold outQ4 24Q1 25: 171 bought or addedQ1 25: 127 cut or sold outQ2 25: 186 bought or addedQ2 25: 151 cut or sold outQ2 25Q3 25: 222 bought or addedQ3 25: 138 cut or sold outQ4 25: 247 bought or addedQ4 25: 136 cut or sold outQ4 25Q1 26: 320 bought or addedQ1 26: 157 cut or sold outQ2 26: 331 bought or addedQ2 26: 188 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024132141
Q4 2024173110
Q1 2025171127
Q2 2025186151
Q3 2025222138
Q4 2025247136
Q1 2026320157
Q2 2026331188

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ3 25 calls: $14.4mQ3 25 puts: $1.0mQ3 25P/C 0.07Q4 25 calls: $14.8mQ4 25 puts: $1.4mQ4 25P/C 0.09Q1 26 calls: $20.4mQ1 26 puts: $7.2mQ1 26P/C 0.35Q2 26 calls: $26.8mQ2 26 puts: $7.0mQ2 26P/C 0.26
Numbers
QuarterCallsPutsP/C
Q3 2025$14.4m$1.0m0.07
Q4 2025$14.8m$1.4m0.09
Q1 2026$20.4m$7.2m0.35
Q2 2026$26.8m$7.0m0.26

Biggest buyers

WELLS FARGO & COMPANY/MN Added +128,393+128.4k
Cambridge Investment Research Advisors, Inc. Added +113,311+113.3k
LPL Financial LLC Added +105,655+105.7k
JPMORGAN CHASE & CO Added +71,862+71.9k
AMERIPRISE FINANCIAL INC Added +45,161+45.2k
OSAIC HOLDINGS, INC. Added +36,486+36.5k
Warner Group LLC Added +33,266+33.3k
HRT FINANCIAL LP Added +21,783+21.8k
Thrivent Financial for Lutherans Added +21,081+21.1k
Mutual Advisors, LLC Added +19,935+19.9k

Biggest sellers

Mirae Asset Global Investments Co., Ltd. Sold out -188,486-188.5k
BNP PARIBAS FINANCIAL MARKETS Reduced -70,657-70.7k
Horizon Wealth Management, LLC Sold out -65,645-65.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -34,087-34.1k
D. E. Shaw & Co., Inc. Sold out -31,790-31.8k
MEITAV INVESTMENT HOUSE LTD Reduced -21,670-21.7k
Point Nemo Capital, LLC Reduced -20,615-20.6k
Tower Research Capital LLC (TRC) Reduced -17,642-17.6k
Independent Advisor Alliance Sold out -16,631-16.6k
Steward Partners Investment Advisory, LLC Reduced -15,147-15.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $15.4m54.4k shares
CITADEL ADVISORS LLC Added $6.0m21.3k shares
JANE STREET GROUP, LLC Added $4.0m14.2k shares
Belvedere Trading LLC Added $1.3m4.6k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $5.0m17.5k shares
CITADEL ADVISORS LLC Added $1.7m5.9k shares
JANE STREET GROUP, LLC Reduced $368.9k1.3k 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.09% of their portfolio FORT MILL, SC 1,454,5371.5m $412.8m $412.8m 0.09% Added +105.7k +105,655
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 881,929881.9k $250.3m $250.3m 0.01% Reduced -1.4k -1,422
3 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 866,092866.1k $245.8m $245.8m 0.02% Added +17.4k +17,371
4 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 599,395599.4k $170.1m $170.1m 0.03% Added +128.4k +128,393
5 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 280,520280.5k $79.6m $79.6m 0.02% Added +45.2k +45,161
6 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 259,178259.2k $73.6m $73.6m 0.02% Added +3.4k +3,384
7 UBS Group AG 0.01% of their portfolio ZURICH, V8 256,859256.9k $72.9m $72.9m 0.01% Added +10.5k +10,474
8 Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio FAIRFIELD, IA 227,578227.6k $64.6m $64.6m 0.07% Added +113.3k +113,311
9 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 209,691209.7k $59.5m $59.5m 0.01% Reduced -3.2k -3,170
10 COMMONWEALTH EQUITY SERVICES, LLC 0.07% of their portfolio WALTHAM, MA 185,880185.9k $52.8m $52.8m 0.07% Added +1.8k +1,783
11 Howard Capital Management Group, LLC 3.20% of their portfolio Los Angeles, CA 184,408184.4k $52.3m $52.3m 3.20% Reduced -1.5k -1,490
12 OSAIC HOLDINGS, INC. 0.06% of their portfolio SCOTTSDALE, AZ 180,518180.5k $51.3m $51.3m 0.06% Added +36.5k +36,486
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 178,971179.0k $49.6m $49.6m 0.00% Added +71.9k +71,862
14 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 173,177173.2k $49.1m $49.1m 0.01% Added +28 +28
15 AFFINITY WEALTH MANAGEMENT LLC 5.72% of their portfolio WILMINGTON, DE 156,609156.6k $44.4m $44.4m 5.72% Reduced -838 -838
16 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 145,795145.8k $41.4m $41.4m 0.04% Added +6.2k +6,151
17 Enclave Advisors LLC 5.29% of their portfolio AUSTIN, TX 143,072143.1k $40.6m $40.6m 5.29% Added +9.7k +9,698
18 PNC Financial Services Group, Inc. 0.02% of their portfolio Pittsburgh, PA 143,045143.0k $40.6m $40.6m 0.02% Added +2.9k +2,870
19 Gerber Kawasaki Wealth & Investment Management 0.93% of their portfolio SANTA MONICA, CA 123,156123.2k $35.0m $35.0m 0.93% Added +6.9k +6,891
20 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 118,572118.6k $33.6m $33.6m 0.00% Reduced -11.9k -11,949
21 Robinhood Asset Management, LLC 1.78% of their portfolio MENLO PARK, CA 117,413117.4k $33.3m $33.3m 1.78% Added +19.3k +19,262
22 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 102,923102.9k $29.2m $29.2m 0.02% Reduced -70.7k -70,657
23 Teamwork Financial Advisors, LLC 2.24% of their portfolio San Antonio, TX 84,61684.6k $24.0m $24.0m 2.24% Added +9.7k +9,714
24 MML INVESTORS SERVICES, LLC 0.05% of their portfolio SPRINGFIELD, MA 80,75080.8k $22.9m $22.9m 0.05% Added +8.6k +8,617
25 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 78,78278.8k $22.4m $22.4m 0.02% Added +916 +916
26 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 77,45177.5k $21.2m $21.2m 0.01% Added +13.1k +13,115
27 Kingsview Wealth Management, LLC 0.26% of their portfolio GRANTS PASS, OR 74,61874.6k $21.2m $21.2m 0.26% Added +7.3k +7,323
28 CUMBERLAND ADVISORS INC 7.26% of their portfolio SARASOTA, FL 72,57772.6k $20.6m $20.6m 7.26% Reduced -1.2k -1,170
29 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 67,27267.3k $19.1m $19.1m 0.01% Reduced -910 -910
30 Warner Group LLC 4.56% of their portfolio MADISON, CT 65,20465.2k $18.5m $18.5m 4.56% Added +33.3k +33,266
31 WESPAC Advisors SoCal, LLC 2.57% of their portfolio Pasadena, CA 50,42550.4k $14.3m $14.3m 2.57% Added +1.1k +1,061
32 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 48,49148.5k $13.8m $13.8m 0.01% Added +286 +286
33 ARMSTRONG ADVISORY GROUP, INC 0.83% of their portfolio NEEDHAM, MA 48,29548.3k $13.7m $13.7m 0.83% Added +1.9k +1,902
34 Merit Financial Group, LLC 0.07% of their portfolio ALPHARETTA, GA 41,88841.9k $11.9m $11.9m 0.07% Reduced -1.0k -1,044
35 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 40,66640.7k $11.5m $11.5m 0.02% Added +6.4k +6,370
36 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 40,63440.6k $11.5m $11.5m 0.01% Added +5.1k +5,130
37 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 39,84239.8k $11.3m $11.3m 0.02% Added +576 +576
38 Quadrature Capital Ltd 0.09% of their portfolio LONDON, X0 38,89938.9k $11.0m $11.0m 0.09% Added +11.9k +11,908
39 Sanctuary Advisors, LLC 0.05% of their portfolio INDIANAPOLIS, IN 35,92835.9k $10.2m $10.2m 0.05% Added +10.1k +10,122
40 Wealthfront Advisers LLC 0.02% of their portfolio Palo Alto, CA 35,55535.6k $10.1m $10.1m 0.02% Added +2.4k +2,439
41 Maloon Powers Pitre Higgins & Dennehy, LLC 3.47% of their portfolio SAN RAMON, CA 35,53635.5k $10.1m $10.1m 3.47% First filing
42 Integrated Wealth Concepts LLC 0.05% of their portfolio WALTHAM, MA 34,60934.6k $9.8m $9.8m 0.05% Added +5.0k +5,001
43 FLC Capital Advisors 1.57% of their portfolio PALM DESERT, CA 33,63733.6k $9.5m $9.5m 1.57% Reduced -445 -445
44 CoreCap Advisors, LLC 0.28% of their portfolio SOUTHFIELD, MI 33,08333.1k $9.4m $9.4m 0.28% Reduced -8.9k -8,912
45 BOURGEON CAPITAL MANAGEMENT LLC 1.39% of their portfolio Darien, CT 32,76432.8k $9.3m $9.3m 1.39% Reduced -1.3k -1,345
46 Y.D. More Investments Ltd 0.29% of their portfolio Ramat Gan, L3 32,47032.5k $9.2m $9.2m 0.29% Added +3.6k +3,560
47 HBW ADVISORY SERVICES LLC 0.81% of their portfolio SIMI VALLEY, CA 31,69631.7k $9.0m $9.0m 0.81% Added +5.0k +5,017
48 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 31,57031.6k $9.0m $9.0m 0.01% Reduced -3.2k -3,234
49 Steward Partners Investment Advisory, LLC 0.05% of their portfolio STAMFORD, CT 31,25831.3k $8.9m $8.9m 0.05% Reduced -15.1k -15,147
50 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 30,96431.0k $8.8m $8.8m 0.03% Added +737 +737
51 Waverly Advisors, LLC 0.05% of their portfolio BIRMINGHAM, AL 30,13230.1k $8.6m $8.6m 0.05% Added +6.0k +5,982
52 HRT FINANCIAL LP 0.02% of their portfolio NEW YORK, NY 29,91029.9k $8.5m $8.5m 0.02% Added +21.8k +21,783
53 IHT Wealth Management, LLC 0.18% of their portfolio Chicago, IL 29,70229.7k $8.4m $8.4m 0.18% Added +5.8k +5,844
54 HighPoint Advisor Group LLC 0.29% of their portfolio DOWNERS GROVE, IL 29,30429.3k $8.3m $8.3m 0.29% Added +3.7k +3,661
55 Private Advisor Group, LLC 0.04% of their portfolio MORRISTOWN, NJ 29,00429.0k $8.2m $8.2m 0.04% Added +1.9k +1,919
56 SOUTHERN CAPITAL SERVICES INC /ADV 4.35% of their portfolio DAPHNE, AL 27,33127.3k $7.8m $7.8m 4.35% Added +2.2k +2,230
57 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 27,13627.1k $7.7m $7.7m 0.01% Added +21.1k +21,081
58 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 25,03525.0k $7.1m $7.1m 0.00% Reduced -13.0k -12,987
59 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 25,01125.0k $7.1m $7.1m 0.01% Added +2.4k +2,379
60 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 24,34224.3k $6.9m $6.9m 0.02% Added +4.7k +4,656
61 Mutual Advisors, LLC 0.13% of their portfolio OMAHA, NE 23,99024.0k $6.8m $6.8m 0.13% Added +19.9k +19,935
62 Fifth Third Securities, Inc. 0.34% of their portfolio Cincinnati, OH 21,10521.1k $6.0m $6.0m 0.34% Added +12.2k +12,238
63 Equitable Holdings, Inc. 0.03% of their portfolio NEW YORK, NY 20,61120.6k $5.8m $5.8m 0.03% Reduced -731 -731
64 Snowden Capital Advisors LLC 0.14% of their portfolio New York, NY 20,55820.6k $5.8m $5.8m 0.14% Added +6.9k +6,873
65 Perigon Wealth Management, LLC 0.09% of their portfolio SAN FRANCISCO, CA 20,44020.4k $5.8m $5.8m 0.09% Added +4.5k +4,510
66 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 20,16620.2k $5.7m $5.7m 0.01% Added +566 +566
67 McGuire Investment Group, LLC 0.50% of their portfolio WAKEFIELD, RI 19,99520.0k $5.7m $5.7m 0.50% Added +178 +178
68 VIEWPOINT INVESTMENT PARTNERS CORP 2.03% of their portfolio CALGARY, A0 19,90419.9k $5.9m $5.9m 2.03% Reduced -3.4k -3,384
69 PRINCIPAL SECURITIES, INC. 0.07% of their portfolio DES MOINES, IA 19,45719.5k $5.5m $5.5m 0.07% Added +645 +645
70 BROWN ADVISORY INC 0.01% of their portfolio BALTIMORE, MD 19,09519.1k $5.4m $5.4m 0.01% Added +30 +30
71 OneDigital Investment Advisors LLC 0.05% of their portfolio OVERLAND PARK, KS 18,99519.0k $5.4m $5.4m 0.05% Added +8.6k +8,620
72 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 18,88218.9k $5.4m $5.4m 0.00% Added +2.3k +2,349
73 Arax Advisory Partners 0.04% of their portfolio NEW YORK, NY 18,71518.7k $5.3m $5.3m 0.04% Added +15.7k +15,677
74 Fortis Group Advisors, LLC 0.83% of their portfolio WESTWOOD, NJ 18,39618.4k $5.2m $5.2m 0.83% New
75 CENTAURUS FINANCIAL, INC. 0.20% of their portfolio ANAHEIM, CA 18,33518.3k $5.2m $5.2m 0.20% Added +603 +603
76 MEITAV INVESTMENT HOUSE LTD 0.03% of their portfolio BENE-BERAQ, L3 17,63517.6k $5.0m $5.0m 0.03% Reduced -21.7k -21,670
77 Norris Financial Group, LLC 1.98% of their portfolio GREENVILLE, SC 17,56817.6k $5.0m $5.0m 1.98% Added +1.2k +1,195
78 Hobart Private Capital, LLC 0.85% of their portfolio CHARLOTTE, NC 17,53117.5k $5.0m $5.0m 0.85% Added +3.2k +3,170
79 Stratos Wealth Partners, LTD. 0.05% of their portfolio BEACHWOOD, OH 17,36317.4k $4.9m $4.9m 0.05% Added +129 +129
80 PINNACLE ASSOCIATES LTD 0.05% of their portfolio NEW YORK, NY 17,17717.2k $4.9m $4.9m 0.05% Added +85 +85
81 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 17,11717.1k $4.6m $4.6m 0.01% Added +2.3k +2,312
82 &PARTNERS 0.02% of their portfolio NASHVILLE, TN 16,92716.9k $4.8m $4.8m 0.02% Added +259 +259
83 Pacific Sun Financial Corp 1.95% of their portfolio LOS ANGELES, CA 16,67916.7k $4.7m $4.7m 1.95% Reduced -1.2k -1,231
84 D.A. DAVIDSON & CO. 0.03% of their portfolio GREAT FALLS, MT 16,52516.5k $4.7m $4.7m 0.03% Added +498 +498
85 Jump Financial, LLC 0.04% of their portfolio Chicago, IL 16,26716.3k $4.6m $4.6m 0.04% Added +621 +621
86 Gladstone Institutional Advisory LLC 0.14% of their portfolio Bedminster, NJ 16,13716.1k $4.6m $4.6m 0.14% Added +1.7k +1,665
87 Silverleafe Capital Partners, LLC 1.20% of their portfolio GERMANTOWN, TN 15,54315.5k $4.4m $4.4m 1.20% New
88 INNEALTA CAPITAL, LLC 2.31% of their portfolio AUSTIN, TX 15,23415.2k $4.3m $4.3m 2.31% Unchanged
89 OPPENHEIMER & CO INC 0.04% of their portfolio NEW YORK, NY 14,63614.6k $4.2m $4.2m 0.04% Added +2.0k +2,048
90 Mariner, LLC 0.00% of their portfolio Overland Park, KS 14,08514.1k $4.0m $4.0m 0.00% Reduced -10.4k -10,393
91 WealthSpring Partners, LLC 3.43% of their portfolio LONG BEACH, CA 14,07514.1k $4.0m $4.0m 3.43% Added +786 +786
92 Cavalier Investments, LLC 1.44% of their portfolio ALPHARETTA, GA 13,80413.8k $3.9m $3.9m 1.44% Unchanged
93 NovaPoint Capital, LLC 0.79% of their portfolio ATLANTA, GA 13,33813.3k $3.8m $3.8m 0.79% Reduced -2.2k -2,214
94 KESTRA PRIVATE WEALTH SERVICES, LLC 0.04% of their portfolio AUSTIN, TX 12,99513.0k $3.7m $3.7m 0.04% Added +89 +89
95 Cornerstone Wealth Management, LLC 0.16% of their portfolio ST. PETERS, MO 12,77612.8k $3.6m $3.6m 0.16% Added +1.3k +1,320
96 Yelin Lapidot Holdings Management Ltd. 0.67% of their portfolio Tel Aviv, L3 12,50012.5k $3.5m $3.5m 0.67% Unchanged
97 Ausdal Financial Partners, Inc. 0.14% of their portfolio Davenport, IA 12,35412.4k $3.5m $3.5m 0.14% Reduced -36 -36
98 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.06% of their portfolio LOS ANGELES, CA 12,22212.2k $3.5m $3.5m 0.06% Added +1.0k +1,012
99 Buska Wealth Management, LLC 1.24% of their portfolio WAUSAU, WI 12,07612.1k $3.4m $3.4m 1.24% Reduced -4.7k -4,741
100 Lido Advisors, LLC 0.01% of their portfolio Los Angeles, CA 11,84711.8k $3.4m $3.4m 0.01% Reduced -4.3k -4,256