Vault-13

SPDR SER TR KRE

S&P REGL BKG · ETP · CUSIP 78464A698

480 institutional holders -8 vs Q1 2023
93,165,97793.2m shares reported held*
$3.8bnreported value*
103 new 163 added 132 reduced 120 sold out net bought ≈ $110.5m (+2.7m 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 ($3.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $40.89. Options: 41 managers hold calls ($1.4bn notional), 55 hold puts ($2.8bn).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 443Q4 22: 446Q1 23: 488Q2 23: 480480Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022443
Q4 2022446
Q1 2023488
Q2 2023480

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 23Q2 23: 266 bought or addedQ2 23: 252 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022169224
Q1 2023304205
Q2 2023266252

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 1.51Q2 23 calls: $1.4bnQ2 23 puts: $2.8bnQ2 23P/C 2.01
Numbers
QuarterCallsPutsP/C
Q3 2022$1.0bn$2.6bn2.50
Q4 2022$1.0bn$3.2bn3.13
Q1 2023$2.7bn$4.0bn1.51
Q2 2023$1.4bn$2.8bn2.01

Biggest buyers

TORONTO DOMINION BANK Added +4,015,300+4.0m
UBS Group AG Added +3,987,676+4.0m
JPMORGAN CHASE & CO Added +2,881,772+2.9m
Rokos Capital Management LLP New +1,607,690+1.6m
JANE STREET GROUP, LLC Added +1,428,722+1.4m
ROYAL BANK OF CANADA Added +1,246,418+1.2m
Ergoteles LLC New +1,120,542+1.1m
MOORE CAPITAL MANAGEMENT, LP New +832,036+832.0k
TWO SIGMA INVESTMENTS, LP Added +761,610+761.6k
Verity & Verity, LLC New +701,195+701.2k

Biggest sellers

MORGAN STANLEY Reduced -4,223,789-4.2m
CITIGROUP INC Reduced -2,534,570-2.5m
Pentwater Capital Management LP Reduced -1,858,309-1.9m
Segantii Capital Management Ltd Sold out -1,555,000-1.6m
Parallax Volatility Advisers, L.P. Reduced -1,384,681-1.4m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -1,272,933-1.3m
Apollo Management Holdings, L.P. Reduced -1,132,400-1.1m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -647,475-647.5k
Walleye Capital LLC Sold out -628,376-628.4k
Qube Research & Technologies Ltd Reduced -607,491-607.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $225.6m5.5m shares
CITADEL ADVISORS LLC Reduced $199.0m4.9m shares
UBS Group AG Added $166.1m4.1m shares
BlackRock Inc. Added $142.0m3.5m shares
CAPITAL FUND MANAGEMENT S.A. Added $121.3m3.0m shares
Rokos Capital Management LLP Added $98.3m2.4m shares
GOLDMAN SACHS GROUP INC Added $89.0m2.2m shares
MILLENNIUM MANAGEMENT LLC Reduced $78.3m1.9m shares
BANK OF AMERICA CORP /DE/ Reduced $52.8m1.3m shares
WOLVERINE TRADING, LLC Reduced $30.7m744.4k shares

Biggest puts

MILLENNIUM MANAGEMENT LLC Added $462.7m11.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $346.6m8.5m shares
UBS Group AG Added $319.5m7.8m shares
CITADEL ADVISORS LLC Reduced $296.6m7.3m shares
BANK OF AMERICA CORP /DE/ Added $268.9m6.6m shares
BNP PARIBAS FINANCIAL MARKETS Added $174.7m42.8k shares
CAPITAL FUND MANAGEMENT S.A. Added $134.3m3.3m shares
Parallax Volatility Advisers, L.P. Reduced $105.2m2.6m shares
Rokos Capital Management LLP New $98.3m2.4m shares
Balyasny Asset Management L.P. Reduced $74.4m1.8m 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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GOLDMAN SACHS GROUP INC 0.08% of their portfolio NEW YORK, NY 8,123,8048.1m $331.7m $331.7m 0.08% Reduced -171.2k -171,236
2 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 7,749,5207.7m $316.4m $316.4m 0.04% Added +71.1k +71,105
3 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 7,134,8997.1m $291.3m $291.3m 0.03% Reduced -4.2m -4,223,789
4 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 1.28% of their portfolio TORONTO, A6 7,002,5257.0m $285.9m $285.9m 1.28% Reduced -647.5k -647,475
5 UBS Group AG 0.10% of their portfolio ZURICH, V8 5,820,1585.8m $237.6m $237.6m 0.10% Added +4.0m +3,987,676
6 TORONTO DOMINION BANK 0.12% of their portfolio TORONTO, ONTARIO, A6 4,023,6004.0m $164.2m $164.2m 0.12% Added +4.0m +4,015,300
7 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 3,511,4083.5m $143.4m $143.4m 0.02% Added +2.9m +2,881,772
8 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 3,073,4083.1m $125.5m $125.5m 0.04% Added +1.2m +1,246,418
9 CITIGROUP INC 0.14% of their portfolio NEW YORK, NY 2,626,9552.6m $107.3m $107.3m 0.14% Reduced -2.5m -2,534,570
10 BARCLAYS PLC 0.07% of their portfolio LONDON, X0 2,503,4492.5m $102.2m $102.2m 0.07% Added +84.1k +84,130
11 BNP PARIBAS FINANCIAL MARKETS 0.17% of their portfolio PARIS, I0 2,155,3552.2m $88.0m $88.0m 0.17% Added +97.8k +97,819
12 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.11% of their portfolio BALA CYNWYD, PA 1,730,6211.7m $70.7m $70.7m 0.11% Reduced -1.3m -1,272,933
13 JANE STREET GROUP, LLC 0.09% of their portfolio NEW YORK, NY 1,653,6691.7m $67.5m $67.5m 0.09% Added +1.4m +1,428,722
14 Rokos Capital Management LLP 1.32% of their portfolio LONDON, X0 1,607,6901.6m $65.9m $65.9m 1.32% New
15 TWO SIGMA INVESTMENTS, LP 0.17% of their portfolio NEW YORK, NY 1,544,0101.5m $63.0m $63.0m 0.17% Added +761.6k +761,610
16 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 1,528,1201.5m $62.4m $62.4m 0.02% Added +47.2k +47,164
17 Balyasny Asset Management L.P. 0.15% of their portfolio Chicago, IL 1,301,1781.3m $53.1m $53.1m 0.15% Reduced -313.4k -313,392
18 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 1,194,5551.2m $48.8m $48.8m 0.03% Added +252.0k +251,967
19 CREDIT SUISSE AG/ 0.05% of their portfolio ZURICH, V8 1,187,7901.2m $48.5m $48.5m 0.05% Added +223.9k +223,918
20 Ergoteles LLC 2.19% of their portfolio NEW YORK, NY 1,120,5421.1m $45.8m $45.8m 2.19% New
21 Twin Tree Management, LP 0.84% of their portfolio DALLAS, TX 1,001,6381.0m $40.9m $40.9m 0.84% Added +445.7k +445,666
22 MOORE CAPITAL MANAGEMENT, LP 0.83% of their portfolio NEW YORK, NY 832,036832.0k $34.0m $34.0m 0.83% New
23 Alaska Permanent Fund Corp 0.67% of their portfolio JUNEAU, AK 830,105830.1k $33.9m $33.9m 0.67% First filing
24 NATIONAL BANK OF CANADA /FI/ 0.07% of their portfolio MONTREAL, A8 819,325819.3k $34.2m $34.2m 0.07% Added +103.4k +103,400
25 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 705,753705.8k $28.8m $28.8m 0.03% Reduced -418.9k -418,912
26 Verity & Verity, LLC 1.77% of their portfolio BEAUFORT, SC 701,195701.2k $28.6m $28.6m 1.77% New
27 CAPSTONE INVESTMENT ADVISORS, LLC 0.79% of their portfolio NEW YORK, NY 657,223657.2k $26.8m $26.8m 0.79% Added +57.4k +57,403
28 Brookfield Corp /ON/ 0.10% of their portfolio TORONTO, A6 630,687630.7k $25.8m $25.8m 0.10% Added +517.8k +517,763
29 Parallax Volatility Advisers, L.P. 0.84% of their portfolio San Francisco, CA 595,095595.1k $24.3m $24.3m 0.84% Reduced -1.4m -1,384,681
30 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 463,900463.9k $18.9m $18.9m 0.03% Added +172.8k +172,798
31 Pentwater Capital Management LP 0.23% of their portfolio Naples, FL 451,691451.7k $18.4m $18.4m 0.23% Reduced -1.9m -1,858,309
32 Quantitative Investment Management, LLC 1.61% of their portfolio CHARLOTTESVILLE, VA 417,616417.6k $17.1m $17.1m 1.61% New
33 CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio TORONTO ONTARIO, A6 400,000400.0k $16.3m $16.3m 0.02% Unchanged
34 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 394,837394.8k $16.1m $16.1m 0.01% Added +256.6k +256,585
35 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.14% of their portfolio VICTORIA, A1 362,000362.0k $14.8m $14.8m 0.14% Added +307.0k +307,000
36 Alyeska Investment Group, L.P. 0.11% of their portfolio CHICAGO, IL 360,000360.0k $14.7m $14.7m 0.11% Reduced -40.0k -40,000
37 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 358,404358.4k $14.7m $14.7m 0.02% Added +265.0k +264,976
38 GTS SECURITIES LLC 0.46% of their portfolio NEW YORK, NY 357,667357.7k $14.6m $14.6m 0.46% First filing
39 PEAK6 Investments LLC 1.24% of their portfolio CHICAGO, IL 354,568354.6k $14.5m $14.5m 1.24% Added +58.7k +58,724
40 HUNTINGTON NATIONAL BANK 0.13% of their portfolio COLUMBUS, OH 338,535338.5k $13.8m $13.8m 0.13% Added +38.2k +38,197
41 Forest Hill Capital, LLC 6.35% of their portfolio LITTLE ROCK, AR 328,000328.0k $13.4m $13.4m 6.35% Reduced -192.0k -192,000
42 Silver Point Capital L.P. 1.15% of their portfolio Greenwich, CT 328,000328.0k $13.4m $13.4m 1.15% New
43 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 314,484314.5k $13.6m $13.6m 0.00% Added +144.8k +144,838
44 Rhino Investment Partners, Inc 3.22% of their portfolio WEST CONSHOHOCKEN, PA 313,880313.9k $12.8m $12.8m 3.22% Reduced -245.9k -245,920
45 BANK HAPOALIM BM 1.74% of their portfolio TEL AVIV, L3 300,000300.0k $12.2m $12.2m 1.74% Unchanged
46 Goodman Financial Corp 3.37% of their portfolio HOUSTON, TX 298,102298.1k $12.2m $12.2m 3.37% Added +56.1k +56,052
47 Cetera Advisors LLC 0.18% of their portfolio DENVER, CO 279,359279.4k $11.4m $11.4m 0.18% Added +97.7k +97,665
48 MALTESE CAPITAL MANAGEMENT LLC 3.53% of their portfolio New York, NY 250,000250.0k $10.2m $10.2m 3.53% New
49 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 249,678249.7k $10.2m $10.2m 0.02% Added +80.0k +80,029
50 MUHLENKAMP & CO INC 3.61% of their portfolio WEXFORD, PA 249,235249.2k $10.2m $10.2m 3.61% First filing
51 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 247,508247.5k $10.1m $10.1m 0.00% Added +39.4k +39,387
52 TOCQUEVILLE ASSET MANAGEMENT L.P. 0.18% of their portfolio New York, NY 245,778245.8k $10.0m $10.0m 0.18% Reduced -2.2k -2,180
53 DC Investments Management, LLC 11.53% of their portfolio MCLEAN, VA 245,286245.3k $10.0m $10.0m 11.53% Added +10.8k +10,807
54 Woodline Partners LP 0.12% of their portfolio San Francisco, CA 243,131243.1k $9.9m $9.9m 0.12% Added +129.5k +129,508
55 Varma Mutual Pension Insurance Co 0.12% of their portfolio Varma, H9 242,532242.5k $9.9m $9.9m 0.12% Unchanged
56 CX Institutional 0.48% of their portfolio AUBURN, IN 229,148229.1k $9.4m $9.4m 0.48% Reduced -19.4k -19,358
57 Cinctive Capital Management LP 0.35% of their portfolio New York, NY 219,193219.2k $8.9m $8.9m 0.35% New
58 Venture Visionary Partners LLC 0.52% of their portfolio Sylvania, OH 215,366215.4k $8.8m $8.8m 0.52% Added +177.1k +177,133
59 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 205,069205.1k $8.4m $8.4m 0.03% Added +108.9k +108,911
60 TUDOR INVESTMENT CORP ET AL 0.14% of their portfolio STAMFORD, CT 204,385204.4k $8.3m $8.3m 0.14% New
61 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 183,826183.8k $7.5m $7.5m 0.01% Added +38.9k +38,916
62 Terril Brothers, Inc. 3.28% of their portfolio St. Louis, MO 182,180182.2k $7.4m $7.4m 3.28% New
63 SOROS FUND MANAGEMENT LLC 0.16% of their portfolio NEW YORK, NY 179,200179.2k $7.3m $7.3m 0.16% Reduced -197.5k -197,500
64 Integrated Wealth Concepts LLC 0.12% of their portfolio WALTHAM, MA 172,565172.6k $7.0m $7.0m 0.12% Reduced -1.2k -1,195
65 Valley Financial Management, Inc. 3.46% of their portfolio NEW YORK, NY 163,637163.6k $6.7m $6.7m 3.46% Added +96.4k +96,367
66 SIGMA INVESTMENT COUNSELORS INC 0.45% of their portfolio NORTHVILLE, MI 151,505151.5k $6.2m $6.2m 0.45% Reduced -1.0k -1,044
67 Marex Group Ltd 1.10% of their portfolio London, X0 150,000150.0k $6.1m $6.1m 1.10% Reduced -150.0k -150,000
68 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 148,307148.3k $6.1m $6.1m 0.02% Reduced -232.5k -232,461
69 STRS OHIO 0.03% of their portfolio COLUMBUS, OH 148,000148.0k $6.0m $6.0m 0.03% New
70 One Capital Management, LLC 0.27% of their portfolio WESTLAKE VILLAGE, CA 146,812146.8k $6.0m $6.0m 0.27% New
71 Atom Investors LP 2.27% of their portfolio AUSTIN, TX 146,533146.5k $6.0m $6.0m 2.27% Reduced -18.1k -18,108
72 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 143,367143.4k $5.8m $5.8m 0.01% Added +90.7k +90,746
73 Segment Wealth Management, LLC 0.57% of their portfolio HOUSTON, TX 136,916136.9k $5.6m $5.6m 0.57% New
74 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 131,925131.9k $5.4m $5.4m 0.01% Reduced -126.7k -126,744
75 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 130,626130.6k $5.3m $5.3m 0.02% Added +3.8k +3,827
76 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 123,611123.6k $5.0m $5.0m 0.01% Reduced -144.7k -144,698
77 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.07% of their portfolio Madrid, U3 123,399123.4k $5.1m $5.1m 0.07% Added +23.0k +23,005
78 CIBC WORLD MARKET INC. 0.02% of their portfolio TORONTO, A6 123,303123.3k $5.0m $5.0m 0.02% Added +55.5k +55,483
79 Graypoint LLC 0.50% of their portfolio Albany, NY 122,667122.7k $5.0m $5.0m 0.50% New
80 DRW Securities, LLC 0.37% of their portfolio CHICAGO, IL 117,577117.6k $4.8m $4.8m 0.37% Added +99.9k +99,942
81 SG Americas Securities, LLC 0.04% of their portfolio NEW YORK, NY 114,563114.6k $4.7m $4.7m 0.04% Added +53.1k +53,127
82 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 112,535112.5k $4.6m $4.6m 0.00% Added +6.7k +6,695
83 ARVEST TRUST CO N A 0.32% of their portfolio ROGERS, AR 111,347111.3k $5.4m $5.4m 0.32% New
84 Marathon Trading Investment Management LLC 2.81% of their portfolio RADNOR, PA 110,598110.6k $4.5m $4.5m 2.81% New
85 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 108,332108.3k $4.4m $4.4m 0.01% Reduced -3.2k -3,249
86 Composition Wealth, LLC 0.13% of their portfolio LOS ANGELES, CA 107,876107.9k $4.4m $4.4m 0.13% Reduced -375.8k -375,796
87 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 107,600107.6k $4.4m $4.4m 0.01% Added +45.8k +45,775
88 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 107,211107.2k $4.4m $4.4m 0.01% Added +8.0k +8,000
89 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.09% of their portfolio BOSTON, MA 102,310102.3k $4.2m $4.2m 0.09% Reduced -100.3k -100,313
90 Carnegie Investment Counsel 0.15% of their portfolio PEPPER PIKE, OH 100,781100.8k $4.1m $4.1m 0.15% Added +91.4k +91,443
91 Chanos & Co LP 68.92% of their portfolio New York, NY 100,505100.5k $4.1m $4.1m 68.92% New
92 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 99,91999.9k $4.1m $4.1m 0.02% Reduced -266.0k -266,018
93 Grassi Investment Management 0.45% of their portfolio SANTA CLARA, CA 99,88599.9k $4.1m $4.1m 0.45% Added +14.6k +14,550
94 WINTRUST INVESTMENTS LLC 0.42% of their portfolio CHICAGO, IL 98,39398.4k $4.0m $4.0m 0.42% New
95 INDEPENDENT FINANCIAL GROUP, LLC 0.27% of their portfolio SAN DIEGO, CA 96,54496.5k $3.9m $3.9m 0.27% Added +61.7k +61,651
96 Vectors Research Management, LLC 1.10% of their portfolio New York, NY 94,92794.9k $3.9m $3.9m 1.10% Reduced -18.3k -18,273
97 Cutler Group LLC / CA 0.89% of their portfolio SAN FRANCISCO, CA 91,90891.9k $3.8m $3.8m 0.89% Reduced -19.0k -19,018
98 COURIER CAPITAL LLC 0.28% of their portfolio BUFFALO, NY 86,93486.9k $3.5m $3.5m 0.28% New
99 KCM INVESTMENT ADVISORS LLC 0.14% of their portfolio GREENBRAE, CA 84,97085.0k $3.5m $3.5m 0.14% Reduced -23.8k -23,841
100 Walleye Trading LLC 0.18% of their portfolio NEW YORK, NY 82,38482.4k $3.4m $3.4m 0.18% Added +53.1k +53,145