Vault-13

SPDR SER TR KRE

S&P REGL BKG · ETP · CUSIP 78464A698

438 institutional holders -32 vs Q1 2024
83,145,37083.1m shares reported held*
$4.1bnreported value*
50 new 128 added 158 reduced 81 sold out net sold ≈ $784.2m (-16.0m 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 ($472.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $49.12. Options: 42 managers hold calls ($1.6bn notional), 57 hold puts ($3.5bn).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 443Q4 22: 446Q1 23: 488Q2 23: 480Q3 23: 452Q4 23: 527Q1 24: 470Q2 24: 438438Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022443
Q4 2022446
Q1 2023488
Q2 2023480
Q3 2023452
Q4 2023527
Q1 2024470
Q2 2024438

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 outQ2 23: 266 bought or addedQ2 23: 252 cut or sold outQ2 23Q3 23: 187 bought or addedQ3 23: 265 cut or sold outQ4 23: 269 bought or addedQ4 23: 224 cut or sold outQ4 23Q1 24: 196 bought or addedQ1 24: 302 cut or sold outQ2 24: 178 bought or addedQ2 24: 239 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022169224
Q1 2023304205
Q2 2023266252
Q3 2023187265
Q4 2023269224
Q1 2024196302
Q2 2024178239

Calls vs puts

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

CallsPuts
$0$1bn$2bn$3bn$4bnQ3 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 2.07Q2 24 calls: $1.6bnQ2 24 puts: $3.5bnQ2 24P/C 2.13
Numbers
QuarterCallsPutsP/C
Q3 2023$1.4bn$2.7bn2.03
Q4 2023$1.9bn$3.6bn1.91
Q1 2024$1.8bn$3.8bn2.07
Q2 2024$1.6bn$3.5bn2.13

Biggest buyers

CITIGROUP INC Added +1,910,842+1.9m
UBS Group AG Added +1,690,491+1.7m
BANK OF AMERICA CORP /DE/ Added +1,532,166+1.5m
TWO SIGMA ADVISERS, LP Added +1,347,500+1.3m
TWO SIGMA INVESTMENTS, LP Added +1,237,800+1.2m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Added +1,000,000+1.0m
SG Americas Securities, LLC Added +654,225+654.2k
Twin Tree Management, LP Added +619,614+619.6k
Blackstone Inc. New +600,000+600.0k
TORONTO DOMINION BANK Added +499,500+499.5k

Biggest sellers

MORGAN STANLEY Reduced -14,671,364-14.7m
JPMORGAN CHASE & CO Reduced -4,499,022-4.5m
BNP PARIBAS FINANCIAL MARKETS Reduced -1,271,708-1.3m
Baymount Management LP Sold out -1,018,000-1.0m
Main Management Fund Advisors LLC Sold out -884,200-884.2k
Sculptor Capital LP Sold out -838,000-838.0k
WELLS FARGO & COMPANY/MN Reduced -700,099-700.1k
GOLDMAN SACHS GROUP INC Reduced -691,848-691.8k
MILLENNIUM MANAGEMENT LLC Sold out -654,390-654.4k
D. E. Shaw & Co., Inc. Sold out -594,472-594.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $295.6m6.0m shares
CITADEL ADVISORS LLC Reduced $180.5m3.7m shares
Parallax Volatility Advisers, L.P. Added $167.0m3.4m shares
BARCLAYS PLC Added $102.1m2.1m shares
Twin Tree Management, LP Reduced $97.9m2.0m shares
UBS Group AG Reduced $76.8m1.6m shares
BANK OF AMERICA CORP /DE/ Reduced $63.0m1.3m shares
MILLENNIUM MANAGEMENT LLC Added $62.5m1.3m shares
Walleye Trading LLC Reduced $60.2m1.2m shares
NOMURA HOLDINGS INC Added $45.9m935.5k shares

Biggest puts

Parallax Volatility Advisers, L.P. Added $393.4m8.0m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $350.4m7.1m shares
CITADEL ADVISORS LLC Added $341.6m7.0m shares
MILLENNIUM MANAGEMENT LLC Reduced $317.3m6.5m shares
MKP Capital Management, L.L.C. Added $238.1m4.8m shares
BANK OF AMERICA CORP /DE/ Reduced $197.8m4.0m shares
UBS Group AG Added $185.5m3.8m shares
Balyasny Asset Management L.P. Reduced $163.6m3.3m shares
GOLDMAN SACHS GROUP INC Reduced $159.6m3.3m shares
NOMURA HOLDINGS INC Added $128.0m2.6m 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, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GOLDMAN SACHS GROUP INC 0.07% of their portfolio NEW YORK, NY 7,150,2857.2m $351.1m $351.1m 0.07% Reduced -691.8k -691,848
2 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 7,079,0747.1m $347.6m $347.6m 0.03% Reduced -14.7m -14,671,364
3 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.98% of their portfolio TORONTO, A6 6,700,0006.7m $329.0m $329.0m 0.98% Added +1.0m +1,000,000
4 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 5,540,8585.5m $272.1m $272.1m 0.03% Added +1.5m +1,532,166
5 CITIGROUP INC 0.25% of their portfolio NEW YORK, NY 5,262,0525.3m $258.4m $258.4m 0.25% Added +1.9m +1,910,842
6 UBS Group AG 0.05% of their portfolio ZURICH, V8 3,554,4513.6m $174.5m $174.5m 0.05% Added +1.7m +1,690,491
7 BNP PARIBAS FINANCIAL MARKETS 0.18% of their portfolio PARIS, I0 3,360,5313.4m $165.0m $165.0m 0.18% Reduced -1.3m -1,271,708
8 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 2,955,4803.0m $145.1m $145.1m 0.01% Reduced -4.5m -4,499,022
9 JANE STREET GROUP, LLC 0.14% of their portfolio NEW YORK, NY 2,712,3632.7m $133.2m $133.2m 0.14% Reduced -181.8k -181,814
10 Main Management ETF Advisors, LLC 6.22% of their portfolio SAN FRANCISCO, CA 2,538,7502.5m $124.7m $124.7m 6.22% Added +63.8k +63,750
11 TWO SIGMA INVESTMENTS, LP 0.22% of their portfolio NEW YORK, NY 1,902,9501.9m $93.4m $93.4m 0.22% Added +1.2m +1,237,800
12 BARCLAYS PLC 0.04% of their portfolio LONDON, X0 1,585,6421.6m $77.9m $77.9m 0.04% Added +343.8k +343,822
13 TWO SIGMA ADVISERS, LP 0.17% of their portfolio NEW YORK, NY 1,525,1001.5m $74.9m $74.9m 0.17% Added +1.3m +1,347,500
14 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.10% of their portfolio BALA CYNWYD, PA 1,205,5591.2m $59.2m $59.2m 0.10% Added +244.2k +244,192
15 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 1,187,4881.2m $58.3m $58.3m 0.03% Reduced -8.7k -8,690
16 Caption Management, LLC 6.04% of their portfolio OKLAHOMA CITY, OK 1,161,1001.2m $57.0m $57.0m 6.04% Added +55.0k +54,958
17 BESSEMER GROUP INC 0.09% of their portfolio WOODBRIDGE, NJ 1,089,9481.1m $53.5m $53.5m 0.09% Added +176.0k +175,962
18 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,004,6451.0m $49.3m $49.3m 0.01% Reduced -700.1k -700,099
19 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 885,499885.5k $43.5m $43.5m 0.01% Added +113.4k +113,394
20 Twin Tree Management, LP 1.25% of their portfolio DALLAS, TX 866,210866.2k $42.5m $42.5m 1.25% Added +619.6k +619,614
21 Nan Shan Life Insurance Co., Ltd. 0.91% of their portfolio Taipei City, F5 781,297781.3k $38.4m $38.4m 0.91% Unchanged
22 TORONTO DOMINION BANK 0.06% of their portfolio TORONTO, ONTARIO, A6 754,500754.5k $37.0m $37.0m 0.06% Added +499.5k +499,500
23 MIRAE ASSET SECURITIES (USA) INC. 2.37% of their portfolio NEW YORK, NY 750,000750.0k $36.8m $36.8m 2.37% First filing
24 NATIONAL BANK OF CANADA /FI/ 0.05% of their portfolio MONTREAL, A8 710,572710.6k $34.7m $34.7m 0.05% Added +276.4k +276,437
25 SG Americas Securities, LLC 0.22% of their portfolio NEW YORK, NY 700,479700.5k $34.4m $34.4m 0.22% Added +654.2k +654,225
26 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 695,933695.9k $34.2m $34.2m 0.01% Reduced -34.1k -34,092
27 Main Management LLC 2.64% of their portfolio SAN FRANCISCO, CA 649,769649.8k $31.9m $31.9m 2.64% Reduced -260.9k -260,943
28 Blackstone Inc. 0.13% of their portfolio NEW YORK, NY 600,000600.0k $29.5m $29.5m 0.13% New
29 Balyasny Asset Management L.P. 0.07% of their portfolio Chicago, IL 534,629534.6k $26.3m $26.3m 0.07% Added +142.7k +142,748
30 Hudson Bay Capital Management LP 0.19% of their portfolio STAMFORD, CT 520,611520.6k $25.6m $25.6m 0.19% Added +370.6k +370,611
31 STATE OF WISCONSIN INVESTMENT BOARD 0.07% of their portfolio MADISON, WI 518,174518.2k $25.4m $25.4m 0.07% Reduced -139.8k -139,791
32 CAPSTONE INVESTMENT ADVISORS, LLC 0.49% of their portfolio NEW YORK, NY 452,603452.6k $22.2m $22.2m 0.49% Reduced -14.1k -14,114
33 First Financial Bankshares Inc 0.44% of their portfolio Abilene, TX 390,957391.0k $19.2m $19.2m 0.44% Reduced -3.1k -3,086
34 TUDOR INVESTMENT CORP ET AL 0.22% of their portfolio STAMFORD, CT 390,624390.6k $19.2m $19.2m 0.22% Added +339.9k +339,866
35 CAPITAL FUND MANAGEMENT S.A. 0.22% of their portfolio PARIS, I0 385,919385.9k $18.9m $18.9m 0.22% Added +269.9k +269,884
36 GENDELL JEFFREY L 0.65% of their portfolio Greenwich, CT 376,727376.7k $18.5m $18.5m 0.65% Added +25.0k +25,000
37 Goodman Financial Corp 4.04% of their portfolio HOUSTON, TX 369,212369.2k $18.1m $18.1m 4.04% Added +17.4k +17,423
38 PEAK6 Investments LLC 0.81% of their portfolio CHICAGO, IL 352,981353.0k $17.3m $17.3m 0.81% Added +100.7k +100,673
39 B & T Capital Management DBA Alpha Capital Management 3.24% of their portfolio AUSTIN, TX 339,091339.1k $16.6m $16.6m 3.24% New
40 HUNTINGTON NATIONAL BANK 0.12% of their portfolio COLUMBUS, OH 322,780322.8k $15.8m $15.8m 0.12% Reduced -4.0k -3,974
41 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 321,557321.6k $15.2m $15.2m 0.00% Added +4.9k +4,892
42 SOROS FUND MANAGEMENT LLC 0.35% of their portfolio NEW YORK, NY 319,159319.2k $15.7m $15.7m 0.35% Reduced -115.8k -115,800
43 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 312,663312.7k $15.4m $15.4m 0.00% Added +1.1k +1,113
44 Rhino Investment Partners, Inc 2.64% of their portfolio WEST CONSHOHOCKEN, PA 300,000300.0k $14.7m $14.7m 2.64% New
45 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 281,319281.3k $13.8m $13.8m 0.03% Reduced -22.7k -22,719
46 Alaska Permanent Fund Corp 0.22% of their portfolio JUNEAU, AK 256,958257.0k $15.0m $15.0m 0.22% Reduced -199.1k -199,144
47 Bremer Bank National Association 2.43% of their portfolio ST PAUL, MN 253,082253.1k $12.4m $12.4m 2.43% Added +1.2k +1,244
48 Venture Visionary Partners LLC 0.54% of their portfolio Sylvania, OH 237,232237.2k $11.6m $11.6m 0.54% Added +1.6k +1,597
49 Walleye Trading LLC 0.22% of their portfolio NEW YORK, NY 227,568227.6k $11.2m $11.2m 0.22% Added +142.9k +142,920
50 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 225,387225.4k $11.1m $11.1m 0.01% New
51 Holocene Advisors, LP 0.04% of their portfolio New York, NY 218,232218.2k $10.7m $10.7m 0.04% New
52 ExodusPoint Capital Management, LP 0.11% of their portfolio NEW YORK, NY 213,259213.3k $10.5m $10.5m 0.11% New
53 TOCQUEVILLE ASSET MANAGEMENT L.P. 0.17% of their portfolio New York, NY 211,381211.4k $10.4m $10.4m 0.17% Reduced -2.4k -2,396
54 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 201,251201.3k $9.9m $9.9m 0.01% New
55 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 199,914199.9k $9.8m $9.8m 0.01% Added +1.0k +1,006
56 Parkside Investments, LLC 1.50% of their portfolio DEERFIELD, IL 194,090194.1k $9.5m $9.5m 1.50% Added +4.9k +4,865
57 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 190,396190.4k $9.3m $9.3m 0.03% Added +39.7k +39,708
58 One Capital Management, LLC 0.32% of their portfolio WESTLAKE VILLAGE, CA 190,334190.3k $9.3m $9.3m 0.32% Added +17.0k +17,031
59 Terril Brothers, Inc. 3.14% of their portfolio St. Louis, MO 178,300178.3k $8.8m $8.8m 3.14% Reduced -1.4k -1,375
60 Cinctive Capital Management LP 0.46% of their portfolio New York, NY 173,589173.6k $8.5m $8.5m 0.46% New
61 BW Gestao de Investimentos Ltda. 1.08% of their portfolio SAO PAULO, D5 166,905166.9k $8.2m $8.2m 1.08% Added +43.4k +43,375
62 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 166,553166.6k $8.2m $8.2m 0.01% Reduced -35.4k -35,376
63 NewSquare Capital LLC 0.68% of their portfolio NEWTOWN SQUARE, PA 161,324161.3k $7.9m $7.9m 0.68% Added +7.1k +7,071
64 Integrated Wealth Concepts LLC 0.11% of their portfolio WALTHAM, MA 158,838158.8k $7.8m $7.8m 0.11% Reduced -12.9k -12,879
65 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.08% of their portfolio Madrid, U3 158,513158.5k $7.7m $7.7m 0.08% Added +25.7k +25,707
66 Parallax Volatility Advisers, L.P. 0.18% of their portfolio San Francisco, CA 147,315147.3k $7.2m $7.2m 0.18% Reduced -536.0k -536,020
67 Key Square Capital Management LLC 50.01% of their portfolio Stamford, CT 144,600144.6k $7.1m $7.1m 50.01% New
68 Optiver Holding B.V. 0.13% of their portfolio AMSTERDAM, P7 141,792141.8k $7.0m $7.0m 0.13% Reduced -83.4k -83,351
69 Annandale Capital, LLC 1.43% of their portfolio DALLAS, TX 140,000140.0k $6.9m $6.9m 1.43% Unchanged
70 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 137,364137.4k $6.7m $6.7m 0.01% Reduced -51.0k -50,983
71 Atom Investors LP 0.67% of their portfolio AUSTIN, TX 136,589136.6k $6.7m $6.7m 0.67% Added +51.9k +51,921
72 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 130,557130.6k $6.4m $6.4m 0.00% Added +1.2k +1,163
73 Graypoint LLC 0.44% of their portfolio Albany, NY 128,767128.8k $6.3m $6.3m 0.44% Added +9.0k +8,985
74 Carnegie Investment Counsel 0.18% of their portfolio PEPPER PIKE, OH 120,660120.7k $5.9m $5.9m 0.18% Added +18.9k +18,903
75 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 120,389120.4k $5.9m $5.9m 0.01% Reduced -1.7k -1,656
76 ARVEST TRUST CO N A 0.35% of their portfolio ROGERS, AR 119,081119.1k $5.8m $5.8m 0.35% Added +8.7k +8,651
77 GTS SECURITIES LLC 0.12% of their portfolio NEW YORK, NY 117,900117.9k $5.8m $5.8m 0.12% Added +10.7k +10,719
78 HRT FINANCIAL LP 0.03% of their portfolio NEW YORK, NY 116,485116.5k $5.7m $5.7m 0.03% Added +60.2k +60,179
79 Michelson Medical Research Foundation, Inc. 4.84% of their portfolio Los Angeles, CA 114,700114.7k $5.6m $5.6m 4.84% Unchanged
80 CX Institutional 0.26% of their portfolio AUBURN, IN 113,556113.6k $5.6m $5.6m 0.26% Added +2.3k +2,342
81 DRW Securities, LLC 0.34% of their portfolio CHICAGO, IL 112,000112.0k $5.5m $5.5m 0.34% Added +17.3k +17,348
82 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 108,237108.2k $5.3m $5.3m 0.01% Reduced -23.6k -23,552
83 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 107,336107.3k $5.3m $5.3m 0.01% Reduced -5.0k -4,991
84 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 100,435100.4k $4.9m $4.9m 0.01% Reduced -19.4k -19,391
85 Ally Financial Inc. 0.61% of their portfolio Detroit, MI 100,000100.0k $4.9m $4.9m 0.61% Unchanged
86 Pineridge Advisors LLC 1.56% of their portfolio ST. CHARLES, MO 93,43293.4k $4.6m $4.6m 1.56% New
87 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 93,39893.4k $4.6m $4.6m 0.01% Reduced -14.8k -14,843
88 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 90,55490.6k $4.4m $4.4m 0.00% Reduced -8.7k -8,655
89 Bright Futures Wealth Management, LLC. 2.61% of their portfolio WEBSTER, NY 14580, NY 89,41189.4k $4.8m $4.8m 2.61% Added +4.4k +4,399
90 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 81,51381.5k $4.0m $4.0m 0.01% Added +10.9k +10,884
91 Round Rock Advisors LLC 0.96% of their portfolio WILTON, CT 80,57280.6k $4.0m $4.0m 0.96% Added +2.1k +2,092
92 Man Group plc 0.01% of their portfolio LONDON, X0 80,56980.6k $4.0m $4.0m 0.01% Reduced -28.5k -28,491
93 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 80,12980.1k $3.9m $3.9m 0.00% Added +30.8k +30,774
94 Ulysses Management LLC 0.94% of their portfolio New York, NY 80,00080.0k $3.9m $3.9m 0.94% Added +5.0k +5,000
95 COUNTRY CLUB BANK 0.26% of their portfolio KANSAS CITY, MO 78,71178.7k $3.7m $3.7m 0.26% Reduced -44 -44
96 WOLVERINE ASSET MANAGEMENT LLC 0.07% of their portfolio CHICAGO, IL 77,90477.9k $3.8m $3.8m 0.07% New
97 North Star Investment Management Corp. 0.27% of their portfolio CHICAGO, IL 76,23876.2k $3.7m $3.7m 0.27% Added +31.1k +31,071
98 BRANT POINT INVESTMENT MANAGEMENT LLC 0.86% of their portfolio New York, NY 74,83374.8k $3.7m $3.7m 0.86% Reduced -239 -239
99 PATTEN & PATTEN INC/TN 0.25% of their portfolio CHATTANOOGA, TN 73,77173.8k $3.6m $3.6m 0.25% Added +15.8k +15,800
100 FLPUTNAM INVESTMENT MANAGEMENT CO 0.07% of their portfolio PORTLAND, ME 73,00173.0k $3.6m $3.6m 0.07% Reduced -3.6k -3,650