Vault-13

SPDR SER TR KRE

S&P REGL BKG · ETP · CUSIP 78464A698

488 institutional holders +42 vs Q4 2022
89,107,61689.1m shares reported held*
$3.9bnreported value*
142 new 162 added 114 reduced 91 sold out net bought ≈ $1.6bn (+35.5m 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 ($2.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $44.12. Options: 67 managers hold calls ($2.7bn notional), 53 hold puts ($4.0bn).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 443Q4 22: 446Q1 23: 488488Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022443
Q4 2022446
Q1 2023488

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 22: 169 bought or addedQ4 22: 224 cut or sold outQ4 22Q1 23: 304 bought or addedQ1 23: 205 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022169224
Q1 2023304205

Calls vs puts

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

CallsPuts
$0$2bn$4bn$6bnQ3 22 calls: $1.0bnQ3 22 puts: $2.6bnQ3 22P/C 2.50Q4 22 calls: $1.0bnQ4 22 puts: $3.2bnQ4 22P/C 3.13Q1 23 calls: $2.7bnQ1 23 puts: $4.0bnQ1 23P/C 1.51
Numbers
QuarterCallsPutsP/C
Q3 2022$1.0bn$2.6bn2.50
Q4 2022$1.0bn$3.2bn3.13
Q1 2023$2.7bn$4.0bn1.51

Biggest buyers

MORGAN STANLEY Added +3,581,408+3.6m
BANK OF AMERICA CORP /DE/ Added +2,972,988+3.0m
GOLDMAN SACHS GROUP INC Added +2,566,510+2.6m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +2,413,941+2.4m
Pentwater Capital Management LP New +2,310,000+2.3m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Added +2,200,000+2.2m
Parallax Volatility Advisers, L.P. Added +1,936,445+1.9m
BNP PARIBAS FINANCIAL MARKETS Added +1,679,312+1.7m
Balyasny Asset Management L.P. New +1,614,570+1.6m
Segantii Capital Management Ltd New +1,555,000+1.6m

Biggest sellers

UBS Group AG Reduced -1,588,264-1.6m
BANK OF NOVA SCOTIA Reduced -998,940-998.9k
MARSHALL WACE, LLP Reduced -855,178-855.2k
Sculptor Capital LP Sold out -433,143-433.1k
TORONTO DOMINION BANK Reduced -429,754-429.8k
JPMORGAN CHASE & CO Reduced -410,295-410.3k
Walleye Trading LLC Reduced -403,937-403.9k
TWO SIGMA INVESTMENTS, LP Reduced -401,600-401.6k
New Harbor Financial Group, LLC Sold out -324,003-324.0k
Curi Capital, LLC Reduced -184,747-184.7k

Biggest calls

CITADEL ADVISORS LLC Added $367.6m8.4m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $328.8m7.5m shares
Arctis Global LLC New $219.3m5.0m shares
CITIGROUP INC Added $146.0m3.3m shares
ROYAL BANK OF CANADA Added $133.9m3.1m shares
BARCLAYS PLC Added $127.2m2.9m shares
MILLENNIUM MANAGEMENT LLC Added $110.4m2.5m shares
BANK OF AMERICA CORP /DE/ Added $104.8m2.4m shares
UBS Group AG Added $93.5m2.1m shares
Balyasny Asset Management L.P. Added $92.3m2.1m shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $595.9m13.6m shares
MILLENNIUM MANAGEMENT LLC Added $468.9m10.7m shares
CITADEL ADVISORS LLC Added $457.2m10.4m shares
BANK OF AMERICA CORP /DE/ Added $253.6m5.8m shares
BARCLAYS PLC Reduced $239.8m5.5m shares
Capula Management Ltd Not comparable $197.4m4.5m shares
UBS Group AG Added $191.7m4.4m shares
Parallax Volatility Advisers, L.P. Added $182.0m4.1m shares
CITIGROUP INC Added $160.0m3.6m shares
Balyasny Asset Management L.P. Added $114.2m2.6m 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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 11,358,68811.4m $498.2m $498.2m 0.05% Added +3.6m +3,581,408
2 GOLDMAN SACHS GROUP INC 0.10% of their portfolio NEW YORK, NY 8,295,0408.3m $363.8m $363.8m 0.10% Added +2.6m +2,566,510
3 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 7,678,4157.7m $336.8m $336.8m 0.04% Added +3.0m +2,972,988
4 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 1.90% of their portfolio TORONTO, A6 7,650,0007.7m $335.5m $335.5m 1.90% Added +2.2m +2,200,000
5 CITIGROUP INC 0.30% of their portfolio NEW YORK, NY 5,161,5255.2m $226.4m $226.4m 0.30% Added +1.4m +1,421,418
6 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.21% of their portfolio BALA CYNWYD, PA 3,003,5543.0m $131.7m $131.7m 0.21% Added +2.4m +2,413,941
7 BARCLAYS PLC 0.11% of their portfolio LONDON, X0 2,419,3192.4m $106.1m $106.1m 0.11% Added +623.7k +623,657
8 Pentwater Capital Management LP 1.68% of their portfolio Naples, FL 2,310,0002.3m $101.3m $101.3m 1.68% New
9 BNP PARIBAS FINANCIAL MARKETS 0.19% of their portfolio PARIS, I0 2,057,5362.1m $90.2m $90.2m 0.19% Added +1.7m +1,679,312
10 Parallax Volatility Advisers, L.P. 3.05% of their portfolio San Francisco, CA 1,979,7762.0m $86.8m $86.8m 3.05% Added +1.9m +1,936,445
11 UBS Group AG 0.04% of their portfolio ZURICH, V8 1,832,4821.8m $80.4m $80.4m 0.04% Reduced -1.6m -1,588,264
12 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 1,826,9901.8m $80.1m $80.1m 0.02% Added +1.4m +1,378,467
13 Balyasny Asset Management L.P. 0.23% of their portfolio Chicago, IL 1,614,5701.6m $70.8m $70.8m 0.23% New
14 Segantii Capital Management Ltd 3.06% of their portfolio HONG KONG, K3 1,555,0001.6m $68.2m $68.2m 3.06% New
15 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 1,480,9561.5m $65.0m $65.0m 0.02% Reduced -58.9k -58,928
16 Apollo Management Holdings, L.P. 0.48% of their portfolio New York, NY 1,150,0001.1m $50.4m $50.4m 0.48% New
17 CITADEL ADVISORS LLC 0.05% of their portfolio MIAMI, FL 1,124,6651.1m $49.3m $49.3m 0.05% Added +991.5k +991,509
18 CREDIT SUISSE AG/ 0.04% of their portfolio ZURICH, V8 963,872963.9k $42.3m $42.3m 0.04% Added +416.5k +416,547
19 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 942,588942.6k $41.3m $41.3m 0.03% Added +66.4k +66,404
20 TWO SIGMA INVESTMENTS, LP 0.10% of their portfolio NEW YORK, NY 782,400782.4k $34.3m $34.3m 0.10% Reduced -401.6k -401,600
21 NATIONAL BANK OF CANADA /FI/ 0.08% of their portfolio MONTREAL, A8 715,925715.9k $31.4m $31.4m 0.08% Added +537.0k +536,985
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 629,636629.6k $27.6m $27.6m 0.00% Reduced -410.3k -410,295
23 Walleye Capital LLC 0.56% of their portfolio NEW YORK, NY 628,376628.4k $27.6m $27.6m 0.56% New
24 Qube Research & Technologies Ltd 0.15% of their portfolio LONDON, X0 608,517608.5k $26.7m $26.7m 0.15% New
25 CAPSTONE INVESTMENT ADVISORS, LLC 0.81% of their portfolio NEW YORK, NY 599,820599.8k $26.3m $26.3m 0.81% Added +412.3k +412,321
26 LMR Partners LLP 0.45% of their portfolio LONDON, X0 562,308562.3k $24.7m $24.7m 0.45% New
27 Rhino Investment Partners, Inc 6.65% of their portfolio WEST CONSHOHOCKEN, PA 559,800559.8k $24.6m $24.6m 6.65% New
28 Twin Tree Management, LP 0.69% of their portfolio DALLAS, TX 555,972556.0k $24.4m $24.4m 0.69% Added +227.9k +227,904
29 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 534,700534.7k $23.5m $23.5m 0.04% New
30 CAPITAL FUND MANAGEMENT S.A. 0.46% of their portfolio PARIS, I0 532,605532.6k $23.4m $23.4m 0.46% Added +254.3k +254,261
31 Forest Hill Capital, LLC 9.90% of their portfolio LITTLE ROCK, AR 520,000520.0k $22.8m $22.8m 9.90% New
32 Composition Wealth, LLC 0.69% of their portfolio LOS ANGELES, CA 483,672483.7k $21.2m $21.2m 0.69% New
33 Sessa Capital IM, L.P. 0.75% of their portfolio NEW YORK, NY 417,000417.0k $18.3m $18.3m 0.75% New
34 CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio TORONTO ONTARIO, A6 400,000400.0k $17.5m $17.5m 0.03% Unchanged
35 Alyeska Investment Group, L.P. 0.15% of their portfolio CHICAGO, IL 400,000400.0k $17.5m $17.5m 0.15% New
36 CAPTRUST FINANCIAL ADVISORS 0.07% of their portfolio RALEIGH, NC 380,768380.8k $16.7m $16.7m 0.07% Reduced -48.5k -48,523
37 SOROS FUND MANAGEMENT LLC 0.31% of their portfolio NEW YORK, NY 376,700376.7k $16.5m $16.5m 0.31% New
38 MML INVESTORS SERVICES, LLC 0.11% of their portfolio SPRINGFIELD, MA 365,937365.9k $16.1m $16.1m 0.11% Added +2.8k +2,789
39 CASTLEARK MANAGEMENT LLC 0.70% of their portfolio CHICAGO, IL 325,000325.0k $14.3m $14.3m 0.70% Added +67.3k +67,260
40 HUNTINGTON NATIONAL BANK 0.13% of their portfolio COLUMBUS, OH 300,338300.3k $13.2m $13.2m 0.13% Added +88.1k +88,100
41 BANK HAPOALIM BM 1.82% of their portfolio TEL AVIV, L3 300,000300.0k $13.2m $13.2m 1.82% New
42 Marex Group Ltd 1.74% of their portfolio London, X0 300,000300.0k $13.2m $13.2m 1.74% New
43 PEAK6 Investments LLC 0.82% of their portfolio CHICAGO, IL 295,844295.8k $13.0m $13.0m 0.82% Added +295.2k +295,155
44 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 291,102291.1k $12.8m $12.8m 0.02% Added +74.4k +74,409
45 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 268,309268.3k $11.8m $11.8m 0.01% Added +90.9k +90,880
46 SIMPLEX TRADING, LLC 0.52% of their portfolio CHICAGO, IL 261,312261.3k $11.5m $11.5m 0.52% New
47 Raymond James Financial Services Advisors, Inc. 0.02% of their portfolio ST. PETERSBURG, FL 258,669258.7k $11.3m $11.3m 0.02% Added +106.8k +106,836
48 TWO SIGMA ADVISERS, LP 0.03% of their portfolio NEW YORK, NY 249,400249.4k $10.9m $10.9m 0.03% Reduced -61.7k -61,700
49 CX Institutional 0.57% of their portfolio AUBURN, IN 248,506248.5k $10.8m $10.8m 0.57% Added +239.8k +239,750
50 TOCQUEVILLE ASSET MANAGEMENT L.P. 0.21% of their portfolio New York, NY 247,958248.0k $10.9m $10.9m 0.21% Reduced -1.5k -1,536
51 Varma Mutual Pension Insurance Co 0.13% of their portfolio Varma, H9 242,532242.5k $10.6m $10.6m 0.13% New
52 Goodman Financial Corp 3.08% of their portfolio HOUSTON, TX 242,050242.1k $10.6m $10.6m 3.08% Added +8.0k +8,008
53 DC Investments Management, LLC 12.25% of their portfolio MCLEAN, VA 234,479234.5k $10.3m $10.3m 12.25% New
54 Interval Partners, LP 0.57% of their portfolio NEW YORK, NY 229,438229.4k $10.1m $10.1m 0.57% New
55 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 224,947224.9k $9.9m $9.9m 0.02% New
56 Squarepoint Ops LLC 0.07% of their portfolio NEW YORK, NY 211,368211.4k $9.3m $9.3m 0.07% New
57 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 208,121208.1k $9.1m $9.1m 0.00% Added +125.9k +125,909
58 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.38% of their portfolio BOSTON, MA 202,623202.6k $8.9m $8.9m 0.38% Added +1.7k +1,736
59 Cornerstone Wealth Group, LLC 1.56% of their portfolio HUNTERSVILLE, NC 199,616199.6k $8.8m $8.8m 1.56% New
60 MACKENZIE FINANCIAL CORP 0.01% of their portfolio TORONTO ONTARIO, A6 191,149191.1k $8.4m $8.4m 0.01% Added +117.0k +116,960
61 MAI Capital Management 0.13% of their portfolio INDEPENDENCE, OH 188,317188.3k $8.3m $8.3m 0.13% Added +179.2k +179,157
62 Cetera Advisors LLC 0.13% of their portfolio DENVER, CO 181,694181.7k $8.0m $8.0m 0.13% Added +109.9k +109,915
63 Integrated Wealth Concepts LLC 0.16% of their portfolio WALTHAM, MA 173,760173.8k $7.6m $7.6m 0.16% Added +167.5k +167,491
64 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 169,649169.6k $7.4m $7.4m 0.01% Added +24.9k +24,928
65 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 169,646169.6k $8.1m $8.1m 0.00% Added +63.6k +63,642
66 Atom Investors LP 3.93% of their portfolio AUSTIN, TX 164,641164.6k $7.2m $7.2m 3.93% Added +34.5k +34,500
67 SIGMA INVESTMENT COUNSELORS INC 0.52% of their portfolio NORTHVILLE, MI 152,549152.5k $6.7m $6.7m 0.52% New
68 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 144,910144.9k $6.4m $6.4m 0.01% Reduced -36.1k -36,112
69 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 138,252138.3k $6.1m $6.1m 0.00% Added +312 +312
70 FIRST MANHATTAN CO. LLC. 0.02% of their portfolio NEW YORK, NY 133,300133.3k $5.8m $5.8m 0.02% New
71 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 126,799126.8k $5.6m $5.6m 0.02% Added +44.4k +44,420
72 COBALT CAPITAL MANAGEMENT, INC. 1.91% of their portfolio SHORT HILLS, NJ 120,000120.0k $5.3m $5.3m 1.91% New
73 Woodline Partners LP 0.07% of their portfolio San Francisco, CA 113,623113.6k $5.0m $5.0m 0.07% New
74 Vectors Research Management, LLC 1.28% of their portfolio New York, NY 113,200113.2k $5.0m $5.0m 1.28% Added +42.2k +42,240
75 Brookfield Corp /ON/ 0.02% of their portfolio TORONTO, A6 112,924112.9k $5.0m $5.0m 0.02% Added +45.1k +45,072
76 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 111,581111.6k $4.9m $4.9m 0.01% Added +71.9k +71,862
77 Cutler Group LLC / CA 0.76% of their portfolio SAN FRANCISCO, CA 110,926110.9k $4.9m $4.9m 0.76% Added +97.2k +97,165
78 KCM INVESTMENT ADVISORS LLC 0.19% of their portfolio GREENBRAE, CA 108,811108.8k $4.8m $4.8m 0.19% Added +92.9k +92,929
79 Wealthcare Advisory Partners LLC 0.20% of their portfolio WEST CHESTER, PA 106,097106.1k $4.7m $4.7m 0.20% New
80 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 105,840105.8k $4.6m $4.6m 0.00% Added +46.0k +46,048
81 Point72 Asset Management, L.P. 0.02% of their portfolio STAMFORD, CT 104,044104.0k $4.6m $4.6m 0.02% New
82 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.05% of their portfolio Madrid, U3 100,394100.4k $4.4m $4.4m 0.05% Added +45.4k +45,415
83 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 99,21199.2k $4.4m $4.4m 0.01% New
84 WOLVERINE TRADING, LLC 0.13% of their portfolio CHICAGO, IL 98,54698.5k $4.3m $4.3m 0.13% Added +91.7k +91,727
85 HNP Capital LLC 1.18% of their portfolio ROCHESTER, NY 96,83296.8k $4.2m $4.2m 1.18% Added +37.1k +37,079
86 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 96,15896.2k $4.2m $4.2m 0.01% Added +91.9k +91,901
87 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 93,42893.4k $4.1m $4.1m 0.01% Added +5.1k +5,086
88 MKP Capital Management, L.L.C. 0.64% of their portfolio New York, NY 91,30091.3k $4.0m $4.0m 0.64% New
89 Aristides Capital LLC 2.49% of their portfolio LOUISVILLE, KY 90,00090.0k $3.9m $3.9m 2.49% New
90 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 88,78488.8k $3.9m $3.9m 0.02% Reduced -1.1k -1,127
91 Adams Wealth Management 1.23% of their portfolio LOGAN, UT 86,68886.7k $3.8m $3.8m 1.23% New
92 Grassi Investment Management 0.46% of their portfolio SANTA CLARA, CA 85,33585.3k $3.7m $3.7m 0.46% Reduced -400 -400
93 Pinnacle Financial Partners Inc 0.10% of their portfolio Nashville, TN 83,89483.9k $3.7m $3.7m 0.10% New
94 EP Wealth Advisors, LLC 0.09% of their portfolio TORRANCE, CA 81,21781.2k $5.0m $5.0m 0.09% Added +29.1k +29,134
95 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 77,79977.8k $3.4m $3.4m 0.01% Reduced -855.2k -855,178
96 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 67,82067.8k $3.0m $3.0m 0.01% Added +42.8k +42,817
97 Valley Financial Management, Inc. 1.82% of their portfolio NEW YORK, NY 67,27067.3k $3.0m $3.0m 1.82% Added +67.0k +66,987
98 Intrepid Financial Planning Group LLC 1.44% of their portfolio CARMEL, IN 65,23965.2k $2.9m $2.9m 1.44% Reduced -1.3k -1,325
99 Shay Capital LLC 1.18% of their portfolio NEW YORK, NY 65,00065.0k $2.9m $2.9m 1.18% New
100 BRANT POINT INVESTMENT MANAGEMENT LLC 0.67% of their portfolio New York, NY 64,22664.2k $2.8m $2.8m 0.67% Reduced -16.0k -16,000