Vault-13

SPDR SER TR KRE

S&P REGL BKG · ETP · CUSIP 78464A698

470 institutional holders -57 vs Q4 2023
98,410,88598.4m shares reported held*
$4.9bnreported value*
60 new 136 added 184 reduced 118 sold out net bought ≈ $609.4m (+12.1m 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 ($2.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.28. Options: 47 managers hold calls ($1.8bn notional), 58 hold puts ($3.8bn).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 443Q4 22: 446Q1 23: 488Q2 23: 480Q3 23: 452Q4 23: 527Q1 24: 470470Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022443
Q4 2022446
Q1 2023488
Q2 2023480
Q3 2023452
Q4 2023527
Q1 2024470

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 23Q3 23: 187 bought or addedQ3 23: 265 cut or sold outQ3 23Q4 23: 269 bought or addedQ4 23: 224 cut or sold outQ4 23Q1 24: 196 bought or addedQ1 24: 302 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022169224
Q1 2023304205
Q2 2023266252
Q3 2023187265
Q4 2023269224
Q1 2024196302

Calls vs puts

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

CallsPuts
$0$1bn$2bn$3bn$4bnQ2 23 calls: $1.4bnQ2 23 puts: $2.8bnQ2 23P/C 2.01Q3 23 calls: $1.4bnQ3 23 puts: $2.7bnQ3 23P/C 2.03Q4 23 calls: $1.9bnQ4 23 puts: $3.6bnQ4 23P/C 1.91Q1 24 calls: $1.8bnQ1 24 puts: $3.8bnQ1 24P/C 2.07
Numbers
QuarterCallsPutsP/C
Q2 2023$1.4bn$2.8bn2.01
Q3 2023$1.4bn$2.7bn2.03
Q4 2023$1.9bn$3.6bn1.91
Q1 2024$1.8bn$3.8bn2.07

Biggest buyers

MORGAN STANLEY Added +8,109,246+8.1m
GOLDMAN SACHS GROUP INC Added +6,055,029+6.1m
JPMORGAN CHASE & CO Added +4,126,892+4.1m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Added +2,090,000+2.1m
BANK OF AMERICA CORP /DE/ Added +1,745,167+1.7m
JANE STREET GROUP, LLC Added +1,670,478+1.7m
CITIGROUP INC Added +1,460,391+1.5m
BNP PARIBAS FINANCIAL MARKETS Added +1,194,079+1.2m
Baymount Management LP New +1,018,000+1.0m
TWO SIGMA INVESTMENTS, LP Added +661,300+661.3k

Biggest sellers

Phoenix Financial Ltd. Reduced -3,405,731-3.4m
MOORE CAPITAL MANAGEMENT, LP Sold out -2,064,974-2.1m
Castle Hook Partners LP Reduced -1,874,656-1.9m
CITADEL ADVISORS LLC Reduced -1,792,683-1.8m
Alaska Permanent Fund Corp Reduced -1,092,738-1.1m
NATIONAL BANK OF CANADA /FI/ Reduced -1,048,335-1.0m
CREDIT SUISSE AG/ Reduced -1,042,446-1.0m
ROYAL BANK OF CANADA Reduced -940,676-940.7k
TORONTO DOMINION BANK Reduced -848,500-848.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -546,834-546.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $301.4m6.0m shares
CITADEL ADVISORS LLC Reduced $210.4m4.2m shares
Twin Tree Management, LP New $140.1m2.8m shares
BANK OF AMERICA CORP /DE/ Reduced $128.6m2.6m shares
UBS Group AG Added $98.8m2.0m shares
MOORE CAPITAL MANAGEMENT, LP New $95.6m1.9m shares
Balyasny Asset Management L.P. Added $79.0m1.6m shares
CAPITAL FUND MANAGEMENT S.A. Added $69.0m1.4m shares
MILLENNIUM MANAGEMENT LLC Reduced $63.4m1.3m shares
CITIGROUP INC Added $63.4m1.3m shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $609.9m12.1m shares
GOLDMAN SACHS GROUP INC Added $425.2m8.5m shares
MILLENNIUM MANAGEMENT LLC Reduced $330.4m6.6m shares
Parallax Volatility Advisers, L.P. Added $263.5m5.2m shares
CITADEL ADVISORS LLC Reduced $252.9m5.0m shares
BANK OF AMERICA CORP /DE/ Added $230.6m4.6m shares
Balyasny Asset Management L.P. Added $210.0m4.2m shares
MKP Capital Management, L.L.C. New $176.0m3.5m shares
UBS Group AG Reduced $156.8m3.1m shares
NOMURA HOLDINGS INC Added $115.9m2.3m 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 21,750,43821.8m $1.1bn $1.1bn 0.03% Added +8.1m +8,109,246
2 GOLDMAN SACHS GROUP INC 0.08% of their portfolio NEW YORK, NY 7,842,1337.8m $394.3m $394.3m 0.08% Added +6.1m +6,055,029
3 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 7,454,5027.5m $374.8m $374.8m 0.02% Added +4.1m +4,126,892
4 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 1.01% of their portfolio TORONTO, A6 5,700,0005.7m $286.6m $286.6m 1.01% Added +2.1m +2,090,000
5 BNP PARIBAS FINANCIAL MARKETS 0.29% of their portfolio PARIS, I0 4,632,2394.6m $232.9m $232.9m 0.29% Added +1.2m +1,194,079
6 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 4,008,6924.0m $201.6m $201.6m 0.02% Added +1.7m +1,745,167
7 CITIGROUP INC 0.18% of their portfolio NEW YORK, NY 3,351,2103.4m $168.5m $168.5m 0.18% Added +1.5m +1,460,391
8 JANE STREET GROUP, LLC 0.19% of their portfolio NEW YORK, NY 2,894,1772.9m $145.5m $145.5m 0.19% Added +1.7m +1,670,478
9 Main Management ETF Advisors, LLC 6.58% of their portfolio SAN FRANCISCO, CA 2,475,0002.5m $124.4m $124.4m 6.58% Added +82.5k +82,500
10 UBS Group AG 0.03% of their portfolio ZURICH, V8 1,863,9601.9m $93.7m $93.7m 0.03% Added +103.6k +103,626
11 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 1,704,7441.7m $85.7m $85.7m 0.02% Reduced -294.9k -294,867
12 BARCLAYS PLC 0.03% of their portfolio LONDON, X0 1,241,8201.2m $62.4m $62.4m 0.03% Added +157.1k +157,064
13 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 1,196,1781.2m $60.1m $60.1m 0.03% Reduced -189.6k -189,610
14 Caption Management, LLC 6.13% of their portfolio OKLAHOMA CITY, OK 1,106,1421.1m $55.6m $55.6m 6.13% Added +1.1k +1,142
15 Baymount Management LP 53.65% of their portfolio MIAMI, FL 1,018,0001.0m $51.2m $51.2m 53.65% New
16 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.07% of their portfolio BALA CYNWYD, PA 961,367961.4k $48.3m $48.3m 0.07% Reduced -546.8k -546,834
17 BESSEMER GROUP INC 0.08% of their portfolio WOODBRIDGE, NJ 913,986914.0k $46.0m $46.0m 0.08% Added +63.4k +63,380
18 Main Management LLC 3.91% of their portfolio SAN FRANCISCO, CA 910,712910.7k $45.8m $45.8m 3.91% Added +217.8k +217,845
19 Main Management Fund Advisors LLC 9.04% of their portfolio SAN FRANCISCO, CA 884,200884.2k $44.5m $44.5m 9.04% Added +92.2k +92,200
20 Sculptor Capital LP 0.93% of their portfolio New York, NY 838,000838.0k $42.1m $42.1m 0.93% Added +455.0k +455,000
21 Nan Shan Life Insurance Co., Ltd. 0.92% of their portfolio Taipei City, F5 781,297781.3k $39.3m $39.3m 0.92% Added +250.6k +250,618
22 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 772,105772.1k $38.8m $38.8m 0.01% Added +231.6k +231,625
23 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 730,025730.0k $36.7m $36.7m 0.01% Reduced -940.7k -940,676
24 Parallax Volatility Advisers, L.P. 0.98% of their portfolio San Francisco, CA 683,335683.3k $34.4m $34.4m 0.98% Added +349.9k +349,893
25 TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio NEW YORK, NY 665,150665.1k $33.4m $33.4m 0.08% Added +661.3k +661,300
26 STATE OF WISCONSIN INVESTMENT BOARD 0.09% of their portfolio MADISON, WI 657,965658.0k $33.1m $33.1m 0.09% Added +273.5k +273,500
27 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 654,390654.4k $32.9m $32.9m 0.03% Added +223.7k +223,696
28 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 594,472594.5k $29.9m $29.9m 0.04% Added +377.5k +377,523
29 Castle Hook Partners LP 0.92% of their portfolio NEW YORK, NY 503,321503.3k $25.3m $25.3m 0.92% Reduced -1.9m -1,874,656
30 Migdal Insurance & Financial Holdings Ltd. 0.40% of their portfolio Petach Tikva, L3 500,000500.0k $25.1m $25.1m 0.40% Added +475.6k +475,600
31 CAPSTONE INVESTMENT ADVISORS, LLC 0.43% of their portfolio NEW YORK, NY 466,717466.7k $23.5m $23.5m 0.43% Added +154.1k +154,089
32 Alaska Permanent Fund Corp 0.34% of their portfolio JUNEAU, AK 456,102456.1k $22.9m $22.9m 0.34% Reduced -1.1m -1,092,738
33 BAYVIEW ASSET MANAGEMENT, LLC 9.12% of their portfolio CORAL GABLES, FL 450,000450.0k $22.6m $22.6m 9.12% Added +420.0k +420,000
34 SOROS FUND MANAGEMENT LLC 0.51% of their portfolio NEW YORK, NY 434,959435.0k $21.9m $21.9m 0.51% Added +290.0k +290,000
35 NATIONAL BANK OF CANADA /FI/ 0.04% of their portfolio MONTREAL, A8 434,135434.1k $21.9m $21.9m 0.04% Reduced -1.0m -1,048,335
36 First Financial Bankshares Inc 0.45% of their portfolio Abilene, TX 394,043394.0k $19.8m $19.8m 0.45% Added +3.6k +3,592
37 Balyasny Asset Management L.P. 0.05% of their portfolio Chicago, IL 391,881391.9k $19.7m $19.7m 0.05% Reduced -317.6k -317,584
38 Goodman Financial Corp 4.04% of their portfolio HOUSTON, TX 351,789351.8k $17.7m $17.7m 4.04% Added +25.5k +25,506
39 GENDELL JEFFREY L 0.68% of their portfolio Greenwich, CT 351,727351.7k $17.7m $17.7m 0.68% Added +170.0k +170,000
40 HUNTINGTON NATIONAL BANK 0.13% of their portfolio COLUMBUS, OH 326,754326.8k $16.4m $16.4m 0.13% Added +6.9k +6,934
41 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 316,665316.7k $15.9m $15.9m 0.01% Reduced -61.8k -61,811
42 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 311,550311.6k $15.7m $15.7m 0.00% Added +80.7k +80,728
43 Duquesne Family Office LLC 0.41% of their portfolio New York, NY 307,200307.2k $15.4m $15.4m 0.41% Added +153.2k +153,235
44 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 304,038304.0k $15.3m $15.3m 0.04% Added +259.8k +259,836
45 STEVENS CAPITAL MANAGEMENT LP 2.86% of their portfolio RADNOR, PA 292,363292.4k $14.7m $14.7m 2.86% Added +199.9k +199,863
46 TORONTO DOMINION BANK 0.02% of their portfolio TORONTO, ONTARIO, A6 255,000255.0k $12.8m $12.8m 0.02% Reduced -848.5k -848,500
47 PEAK6 Investments LLC 0.61% of their portfolio CHICAGO, IL 252,308252.3k $12.7m $12.7m 0.61% Added +148.6k +148,594
48 Bremer Bank National Association 2.35% of their portfolio ST PAUL, MN 251,838251.8k $12.7m $12.7m 2.35% Added +1.9k +1,907
49 Twin Tree Management, LP 0.28% of their portfolio DALLAS, TX 246,596246.6k $12.4m $12.4m 0.28% Reduced -324.0k -324,043
50 Venture Visionary Partners LLC 0.56% of their portfolio Sylvania, OH 235,635235.6k $11.8m $11.8m 0.56% Added +14.9k +14,935
51 SIMPLEX TRADING, LLC 0.34% of their portfolio CHICAGO, IL 231,474231.5k $11.6m $11.6m 0.34% New
52 Optiver Holding B.V. 0.47% of their portfolio AMSTERDAM, P7 225,143225.1k $11.3m $11.3m 0.47% New
53 Teamwork Financial Advisors, LLC 1.71% of their portfolio San Antonio, TX 221,095221.1k $11.1m $11.1m 1.71% Added +213.3k +213,317
54 TOCQUEVILLE ASSET MANAGEMENT L.P. 0.18% of their portfolio New York, NY 213,777213.8k $10.7m $10.7m 0.18% Reduced -31.8k -31,829
55 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 201,929201.9k $10.2m $10.2m 0.01% Added +14.0k +14,032
56 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 198,908198.9k $10.0m $10.0m 0.02% Reduced -1.2k -1,227
57 Parkside Investments, LLC 1.51% of their portfolio DEERFIELD, IL 189,225189.2k $9.5m $9.5m 1.51% Added +31.8k +31,765
58 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 188,347188.3k $9.5m $9.5m 0.01% Reduced -29.7k -29,733
59 Terril Brothers, Inc. 3.11% of their portfolio St. Louis, MO 179,675179.7k $9.0m $9.0m 3.11% Added +3.1k +3,070
60 TWO SIGMA ADVISERS, LP 0.02% of their portfolio NEW YORK, NY 177,600177.6k $8.9m $8.9m 0.02% New
61 FACTORY MUTUAL INSURANCE CO 0.10% of their portfolio WALTHAM, MA 174,200174.2k $8.8m $8.8m 0.10% Reduced -134.6k -134,600
62 One Capital Management, LLC 0.32% of their portfolio WESTLAKE VILLAGE, CA 173,303173.3k $8.7m $8.7m 0.32% Added +5.4k +5,398
63 Integrated Wealth Concepts LLC 0.13% of their portfolio WALTHAM, MA 171,717171.7k $8.6m $8.6m 0.13% Reduced -1.6k -1,622
64 CUMBERLAND ADVISORS INC 2.96% of their portfolio SARASOTA, FL 158,140158.1k $8.0m $8.0m 2.96% New
65 NewSquare Capital LLC 0.69% of their portfolio NEWTOWN SQUARE, PA 154,253154.3k $7.8m $7.8m 0.69% Reduced -420 -420
66 BlackRock Inc. 0.00% of their portfolio New York, NY 150,721150.7k $7.6m $7.6m 0.00% Added +141.2k +141,221
67 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 150,688150.7k $7.6m $7.6m 0.03% Reduced -94.9k -94,863
68 Hudson Bay Capital Management LP 0.07% of their portfolio STAMFORD, CT 150,000150.0k $7.5m $7.5m 0.07% Reduced -50.0k -50,000
69 Phoenix Financial Ltd. 0.10% of their portfolio Givatayim, L3 143,969144.0k $7.2m $7.2m 0.10% Reduced -3.4m -3,405,731
70 Absolute Gestao de Investimentos Ltda. 2.22% of their portfolio SAO PAULO, D5 143,339143.3k $7.2m $7.2m 2.22% New
71 Annandale Capital, LLC 1.59% of their portfolio DALLAS, TX 140,000140.0k $7.0m $7.0m 1.59% Reduced -85.0k -85,000
72 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.08% of their portfolio Madrid, U3 132,806132.8k $6.7m $6.7m 0.08% Added +31.1k +31,111
73 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 131,789131.8k $6.6m $6.6m 0.01% Reduced -36.6k -36,567
74 DELTEC ASSET MANAGEMENT LLC 1.28% of their portfolio New York, NY 129,420129.4k $6.5m $6.5m 1.28% Added +66.8k +66,840
75 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 129,394129.4k $6.5m $6.5m 0.00% Added +16.3k +16,252
76 BW Gestao de Investimentos Ltda. 0.56% of their portfolio SAO PAULO, D5 123,530123.5k $6.2m $6.2m 0.56% New
77 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 122,045122.0k $6.1m $6.1m 0.01% Reduced -538.9k -538,864
78 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 119,826119.8k $6.0m $6.0m 0.01% Reduced -83.8k -83,781
79 Graypoint LLC 0.44% of their portfolio Albany, NY 119,782119.8k $6.0m $6.0m 0.44% Reduced -1.3k -1,281
80 Allspring Global Investments Holdings, LLC 0.01% of their portfolio CHARLOTTE, NC 119,600119.6k $6.0m $6.0m 0.01% New
81 Alpha Wave Global, LP 1.83% of their portfolio Miami, FL 119,545119.5k $6.0m $6.0m 1.83% New
82 CAPITAL FUND MANAGEMENT S.A. 0.07% of their portfolio PARIS, I0 116,035116.0k $5.8m $5.8m 0.07% New
83 Michelson Medical Research Foundation, Inc. 3.50% of their portfolio Los Angeles, CA 114,700114.7k $5.8m $5.8m 3.50% Unchanged
84 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 112,327112.3k $5.6m $5.6m 0.01% Added +696 +696
85 CX Institutional 0.27% of their portfolio AUBURN, IN 111,214111.2k $5.6m $5.6m 0.27% Reduced -11.9k -11,878
86 ARVEST TRUST CO N A 0.32% of their portfolio ROGERS, AR 110,430110.4k $5.6m $5.6m 0.32% Reduced -2.2k -2,174
87 Man Group plc 0.01% of their portfolio LONDON, X0 109,060109.1k $5.5m $5.5m 0.01% Added +934 +934
88 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 108,241108.2k $5.4m $5.4m 0.02% Reduced -21.5k -21,489
89 GTS SECURITIES LLC 0.15% of their portfolio NEW YORK, NY 107,181107.2k $5.4m $5.4m 0.15% Reduced -193.3k -193,255
90 DeepCurrents Investment Group LLC 0.22% of their portfolio NEW YORK, NY 106,045106.0k $5.3m $5.3m 0.22% New
91 Walleye Capital LLC 0.06% of their portfolio NEW YORK, NY 104,805104.8k $5.3m $5.3m 0.06% New
92 CASTLEARK MANAGEMENT LLC 0.22% of their portfolio CHICAGO, IL 103,760103.8k $5.2m $5.2m 0.22% Reduced -356.8k -356,750
93 Carnegie Investment Counsel 0.16% of their portfolio PEPPER PIKE, OH 101,757101.8k $5.1m $5.1m 0.16% Added +979 +979
94 Ally Financial Inc. 0.68% of their portfolio Detroit, MI 100,000100.0k $5.0m $5.0m 0.68% New
95 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 99,20999.2k $5.0m $5.0m 0.00% Reduced -232.4k -232,375
96 Segment Wealth Management, LLC 0.38% of their portfolio HOUSTON, TX 98,82798.8k $5.0m $5.0m 0.38% Reduced -543 -543
97 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 97,88797.9k $4.9m $4.9m 0.00% Reduced -1.8m -1,792,683
98 INDEPENDENT FINANCIAL GROUP, LLC 0.22% of their portfolio SAN DIEGO, CA 97,25597.3k $4.9m $4.9m 0.22% Reduced -9.6k -9,633
99 DRW Securities, LLC 0.27% of their portfolio CHICAGO, IL 94,65294.7k $4.8m $4.8m 0.27% New
100 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 90,04390.0k $4.5m $4.5m 0.01% Reduced -16.6k -16,637