Vault-13

SPDR SER TR KRE

S&P REGL BKG · ETP · CUSIP 78464A698

545 institutional holders +38 vs Q1 2026
104,720,935104.7m shares reported held*
$7.8bnreported value*
92 new 158 added 165 reduced 56 sold out net sold ≈ $795.5m (-10.6m 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 ($7.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $74.82. Options: 39 managers hold calls ($2.7bn notional), 50 hold puts ($6.0bn).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 443Q4 22: 446Q1 23: 488Q2 23: 480Q3 23: 452Q4 23: 527Q1 24: 470Q2 24: 438Q3 24: 459Q4 24: 552Q1 25: 499Q2 25: 484Q3 25: 504Q4 25: 512Q1 26: 507Q2 26: 545545Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022443
Q4 2022446
Q1 2023488
Q2 2023480
Q3 2023452
Q4 2023527
Q1 2024470
Q2 2024438
Q3 2024459
Q4 2024552
Q1 2025499
Q2 2025484
Q3 2025504
Q4 2025512
Q1 2026507
Q2 2026545

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 24: 196 bought or addedQ3 24: 217 cut or sold outQ4 24: 278 bought or addedQ4 24: 198 cut or sold outQ4 24Q1 25: 232 bought or addedQ1 25: 271 cut or sold outQ2 25: 206 bought or addedQ2 25: 242 cut or sold outQ2 25Q3 25: 242 bought or addedQ3 25: 209 cut or sold outQ4 25: 228 bought or addedQ4 25: 233 cut or sold outQ4 25Q1 26: 258 bought or addedQ1 26: 243 cut or sold outQ2 26: 250 bought or addedQ2 26: 221 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024196217
Q4 2024278198
Q1 2025232271
Q2 2025206242
Q3 2025242209
Q4 2025228233
Q1 2026258243
Q2 2026250221

Calls vs puts

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

CallsPuts
$0$2bn$4bn$6bn$8bnQ3 25 calls: $3.5bnQ3 25 puts: $5.0bnQ3 25P/C 1.44Q4 25 calls: $2.0bnQ4 25 puts: $4.1bnQ4 25P/C 2.06Q1 26 calls: $3.4bnQ1 26 puts: $5.4bnQ1 26P/C 1.57Q2 26 calls: $2.7bnQ2 26 puts: $6.0bnQ2 26P/C 2.23
Numbers
QuarterCallsPutsP/C
Q3 2025$3.5bn$5.0bn1.44
Q4 2025$2.0bn$4.1bn2.06
Q1 2026$3.4bn$5.4bn1.57
Q2 2026$2.7bn$6.0bn2.23

Biggest buyers

HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Added +2,990,000+3.0m
Brevan Howard Capital Management LP Added +1,962,603+2.0m
JPMORGAN CHASE & CO Added +1,248,025+1.2m
MENORA MIVTACHIM HOLDINGS LTD. Added +1,135,000+1.1m
UBS Group AG Added +1,094,185+1.1m
Kapitalo Investimentos Ltda New +1,006,900+1.0m
TD Asset Management Inc Added +791,500+791.5k
LPL Financial LLC Added +493,387+493.4k
Quantitative Investment Management, LLC New +444,460+444.5k
Qube Research & Technologies Ltd New +418,985+419.0k

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -10,270,956-10.3m
MORGAN STANLEY Reduced -4,068,526-4.1m
BNP PARIBAS FINANCIAL MARKETS Reduced -2,099,371-2.1m
CITIGROUP INC Reduced -2,058,019-2.1m
WELLS FARGO & COMPANY/MN Reduced -1,968,886-2.0m
BARCLAYS PLC Reduced -1,132,639-1.1m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -1,119,343-1.1m
BANK OF AMERICA CORP /DE/ Reduced -950,903-950.9k
Rokos Capital Management LLP Sold out -708,884-708.9k
PEAK6 LLC Sold out -340,516-340.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $608.6m8.1m shares
BANK OF MONTREAL /CAN/ Reduced $421.0m5.6m shares
CITADEL ADVISORS LLC Reduced $281.2m3.8m shares
JANE STREET GROUP, LLC Added $280.5m3.7m shares
CAPSTONE INVESTMENT ADVISORS, LLC Added $193.5m2.6m shares
CITIGROUP INC Reduced $151.5m2.0m shares
UBS Group AG Reduced $120.2m1.6m shares
TUDOR INVESTMENT CORP ET AL Added $79.0m1.1m shares
PEAK6 LLC Added $63.2m844.5k shares
Schonfeld Strategic Advisors LLC Reduced $62.1m830.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.0bn13.7m shares
JANE STREET GROUP, LLC Reduced $539.4m7.2m shares
CITIGROUP INC Reduced $472.0m6.3m shares
CITADEL ADVISORS LLC Added $417.0m5.6m shares
TUDOR INVESTMENT CORP ET AL Reduced $382.5m5.1m shares
Balyasny Asset Management L.P. Reduced $364.3m4.9m shares
MILLENNIUM MANAGEMENT LLC Added $329.4m4.4m shares
Jain Global LLC Reduced $299.8m4.0m shares
Brevan Howard Capital Management LP New $263.2m3.5m shares
BARCLAYS PLC Added $262.9m3.5m 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 GOLDMAN SACHS GROUP INC 0.10% of their portfolio NEW YORK, NY 13,201,78013.2m $988.2m $988.2m 0.10% Reduced -10.3m -10,270,956
2 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 12,188,68612.2m $912.3m $912.3m 0.05% Reduced -4.1m -4,068,526
3 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 1.12% of their portfolio TORONTO, A6 10,504,00010.5m $786.2m $786.2m 1.12% Added +3.0m +2,990,000
4 CITIGROUP INC 0.23% of their portfolio NEW YORK, NY 6,651,0776.7m $497.8m $497.8m 0.23% Reduced -2.1m -2,058,019
5 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 3,818,3743.8m $285.8m $285.8m 0.02% Reduced -950.9k -950,903
6 BANK OF MONTREAL /CAN/ 0.10% of their portfolio TORONTO, A6 3,568,7403.6m $267.1m $267.1m 0.10% Reduced -5.5k -5,490
7 MENORA MIVTACHIM HOLDINGS LTD. 0.97% of their portfolio Ramat Gan, L3 3,318,0003.3m $248.4m $248.4m 0.97% Added +1.1m +1,135,000
8 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 3,227,6253.2m $241.6m $241.6m 0.04% Reduced -2.0m -1,968,886
9 UBS Group AG 0.04% of their portfolio ZURICH, V8 3,107,7243.1m $232.6m $232.6m 0.04% Added +1.1m +1,094,185
10 TWO SIGMA INVESTMENTS, LP 0.15% of their portfolio NEW YORK, NY 2,711,3002.7m $202.9m $202.9m 0.15% Added +196.5k +196,500
11 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.15% of their portfolio BALA CYNWYD, PA 2,212,7992.2m $165.6m $165.6m 0.15% Reduced -1.1m -1,119,343
12 BESSEMER GROUP INC 0.22% of their portfolio WOODBRIDGE, NJ 2,147,8442.1m $160.8m $160.8m 0.22% Reduced -118.3k -118,279
13 Brevan Howard Capital Management LP 2.08% of their portfolio ST. HELIER, Y9 1,978,0542.0m $148.1m $148.1m 2.08% Added +2.0m +1,962,603
14 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 1,851,2801.9m $138.6m $138.6m 0.03% Added +493.4k +493,387
15 Crake Asset Management LLP 3.13% of their portfolio LONDON, X0 1,750,0001.8m $131.0m $131.0m 3.13% Unchanged
16 Fiduciary Trust Co 1.25% of their portfolio Boston, MA 1,538,5631.5m $115.2m $115.2m 1.25% Added +251.0k +250,956
17 TD Asset Management Inc 0.09% of their portfolio Toronto, A6 1,346,1821.3m $100.8m $100.8m 0.09% Added +791.5k +791,500
18 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,290,4501.3m $96.5m $96.5m 0.01% Added +1.2m +1,248,025
19 Clal Insurance Enterprises Holdings Ltd 0.43% of their portfolio Tel-aviv, L3 1,280,0001.3m $95.8m $95.8m 0.43% Unchanged
20 BARCLAYS PLC 0.03% of their portfolio LONDON, X0 1,231,5811.2m $92.2m $92.2m 0.03% Reduced -1.1m -1,132,639
21 Kapitalo Investimentos Ltda 5.92% of their portfolio SAO PAULO, D5 1,006,9001.0m $75.4m $75.4m 5.92% New
22 FIL Ltd 0.04% of their portfolio HAMILTON, D0 813,543813.5k $60.9m $60.9m 0.04% Reduced -20.7k -20,722
23 TORONTO DOMINION BANK 0.10% of their portfolio TORONTO, ONTARIO, A6 804,101804.1k $60.2m $60.2m 0.10% Added +14.4k +14,424
24 Verition Fund Management LLC 0.39% of their portfolio GREENWICH, CT 735,334735.3k $55.0m $55.0m 0.39% Added +113.6k +113,601
25 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 687,030687.0k $51.4m $51.4m 0.01% Reduced -193.9k -193,907
26 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 633,968634.0k $47.5m $47.5m 0.03% Added +138.4k +138,389
27 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 608,990609.0k $45.6m $45.6m 0.01% Added +61.1k +61,123
28 IMC-Chicago, LLC 0.39% of their portfolio CHICAGO, IL 568,491568.5k $42.6m $42.6m 0.39% Added +353.3k +353,319
29 TRUST POINT INC. 3.55% of their portfolio LA CROSSE, WI 558,058558.1k $41.8m $41.8m 3.55% Added +21.2k +21,205
30 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 557,900557.9k $41.8m $41.8m 0.01% Reduced -62.9k -62,908
31 First Financial Bankshares Inc 0.67% of their portfolio Abilene, TX 481,339481.3k $36.0m $36.0m 0.67% Added +12.0k +11,999
32 First Eagle Investment Management, LLC 0.03% of their portfolio NEW YORK, NY 473,138473.1k $35.4m $35.4m 0.03% Added +297.0k +297,019
33 HUNTINGTON NATIONAL BANK 0.17% of their portfolio COLUMBUS, OH 471,154471.2k $35.3m $35.3m 0.17% Added +5.4k +5,434
34 RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio NEW YORK, NY 469,373469.4k $35.1m $35.1m 0.05% Added +327.5k +327,473
35 Horizon Investments, LLC 0.38% of their portfolio Charlotte, NC 465,687465.7k $34.9m $34.9m 0.38% Added +106.0k +106,017
36 Quantitative Investment Management, LLC 3.63% of their portfolio CHARLOTTESVILLE, VA 444,460444.5k $33.3m $33.3m 3.63% New
37 Qube Research & Technologies Ltd 0.03% of their portfolio LONDON, X0 418,985419.0k $31.4m $31.4m 0.03% New
38 Caption Management, LLC 1.04% of their portfolio OKLAHOMA CITY, OK 394,944394.9k $29.6m $29.6m 1.04% New
39 Ensign Peak Advisors, Inc 0.05% of their portfolio SALT LAKE CITY, UT 391,022391.0k $29.3m $29.3m 0.05% Reduced -114.6k -114,580
40 Squarepoint Ops LLC 0.05% of their portfolio NEW YORK, NY 342,307342.3k $25.6m $25.6m 0.05% New
41 Interval Partners, LP 0.81% of their portfolio NEW YORK, NY 338,280338.3k $25.3m $25.3m 0.81% Added +166.0k +166,031
42 Jefferies Financial Group Inc. 0.23% of their portfolio NEW YORK, NY 337,951338.0k $25.3m $25.3m 0.23% Reduced -62.1k -62,097
43 BlackRock, Inc. 0.00% of their portfolio New York, NY 337,746337.7k $25.3m $25.3m 0.00% Reduced -28.8k -28,821
44 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 272,354272.4k $20.4m $20.4m 0.00% Added +14.6k +14,637
45 Graham Capital Management, L.P. 0.54% of their portfolio ROWAYTON, CT 268,000268.0k $20.1m $20.1m 0.54% Added +218.0k +218,000
46 Rockefeller Capital Management L.P. 0.03% of their portfolio NEW YORK, NY 256,477256.5k $19.2m $19.2m 0.03% Added +116.5k +116,504
47 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 255,125255.1k $19.1m $19.1m 0.01% Reduced -2.0k -1,970
48 Insight Wealth Strategies, LLC 1.84% of their portfolio SAN RAMON, CA 247,026247.0k $18.8m $18.8m 1.84% New
49 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 243,444243.4k $18.2m $18.2m 0.02% Reduced -4.4k -4,393
50 Curi Capital, LLC 0.28% of their portfolio CHICAGO, IL 239,556239.6k $17.9m $17.9m 0.28% Reduced -75.8k -75,812
51 University of Illinois Foundation 3.05% of their portfolio CHAMPAIGN, IL 227,780227.8k $17.0m $17.0m 3.05% New
52 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 213,704213.7k $16.0m $16.0m 0.01% Reduced -25.8k -25,841
53 Itau Unibanco Holding S.A. 0.31% of their portfolio SAO PAULO, D5 208,089208.1k $15.6m $15.6m 0.31% New
54 Integrated Wealth Concepts LLC 0.07% of their portfolio WALTHAM, MA 201,341201.3k $15.1m $15.1m 0.07% Added +28.1k +28,083
55 PATTEN & PATTEN INC/TN 0.79% of their portfolio CHATTANOOGA, TN 198,510198.5k $14.9m $14.9m 0.79% Added +501 +501
56 Carrera Capital Advisors 2.19% of their portfolio TROY, MI 197,820197.8k $14.8m $14.8m 2.19% Added +3.2k +3,197
57 Cullen/Frost Bankers, Inc. 0.15% of their portfolio San Antonio, TX 197,756197.8k $14.8m $14.8m 0.15% Added +7.3k +7,323
58 New Harbor Financial Group, LLC 2.32% of their portfolio WORCESTER, MA 195,047195.0k $14.6m $14.6m 2.32% New
59 Agave Capital Management Ltd 1.58% of their portfolio LONDON, X0 193,526193.5k $14.5m $14.5m 1.58% Added +3.5k +3,459
60 CAPITAL FUND MANAGEMENT S.A. 0.10% of their portfolio PARIS, I0 193,109193.1k $14.5m $14.5m 0.10% Reduced -33.6k -33,631
61 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 192,571192.6k $14.4m $14.4m 0.01% Reduced -80.4k -80,427
62 Hudson Bay Capital Management LP 0.07% of their portfolio STAMFORD, CT 190,676190.7k $14.3m $14.3m 0.07% Reduced -37.0k -36,971
63 Tidal Investments LLC 0.03% of their portfolio Milwaukee, WI 185,869185.9k $13.9m $13.9m 0.03% Added +136.9k +136,869
64 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 177,296177.3k $13.3m $13.3m 0.01% New
65 Point72 Asset Management, L.P. 0.02% of their portfolio STAMFORD, CT 176,300176.3k $13.2m $13.2m 0.02% New
66 COMMUNITY TRUST & INVESTMENT CO 0.67% of their portfolio LEXINGTON, KY 173,366173.4k $13.0m $13.0m 0.67% Reduced -1.8k -1,786
67 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.08% of their portfolio Madrid, U3 161,987162.0k $12.1m $12.1m 0.08% Added +50.1k +50,095
68 ALTFEST L J & CO INC 1.17% of their portfolio NEW YORK, NY 161,570161.6k $12.1m $12.1m 1.17% Reduced -22.7k -22,662
69 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 155,167155.2k $11.6m $11.6m 0.01% Reduced -7.0k -7,006
70 Banco BTG Pactual S.A. 1.49% of their portfolio RIO DE JANEIRO, D5 150,000150.0k $11.2m $11.2m 1.49% Unchanged
71 Capula Management Ltd 0.05% of their portfolio Grand Cayman, E9 147,388147.4k $11.0m $11.0m 0.05% Added +85.9k +85,852
72 SIMPLEX TRADING, LLC 0.27% of their portfolio CHICAGO, IL 139,288139.3k $10.4m $10.4m 0.27% New
73 Riggs Asset Managment Co. Inc. 1.81% of their portfolio DALLAS, PA 135,570135.6k $10.1m $10.1m 1.81% Added +98.1k +98,069
74 Brick & Kyle, Associates 2.83% of their portfolio NEWTOWN, PA 131,601131.6k $8.6m $8.6m 2.83% Unchanged
75 Venture Visionary Partners LLC 0.27% of their portfolio Sylvania, OH 130,371130.4k $9.8m $9.8m 0.27% Added +13.0k +13,021
76 VALLEY WEALTH MANAGERS, INC. 0.56% of their portfolio PARAMUS, NJ 128,780128.8k $9.6m $9.6m 0.56% Reduced -9.7k -9,658
77 CIBC WORLD MARKET INC. 0.02% of their portfolio TORONTO, A6 126,552126.6k $9.5m $9.5m 0.02% Reduced -90.6k -90,637
78 NewSquare Capital LLC 0.69% of their portfolio NEWTOWN SQUARE, PA 124,185124.2k $9.3m $9.3m 0.69% Added +5.1k +5,087
79 Strategic Wealth Partners, Ltd. 0.57% of their portfolio INDEPENDENCE, OH 124,056124.1k $9.3m $9.3m 0.57% Reduced -1.5k -1,453
80 Parkside Investments, LLC 1.00% of their portfolio DEERFIELD, IL 121,086121.1k $9.1m $9.1m 1.00% Reduced -1.5k -1,525
81 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 115,879115.9k $8.7m $8.7m 0.00% Added +5.7k +5,720
82 Y-Intercept (Hong Kong) Ltd 0.16% of their portfolio HONG KONG, K3 109,120109.1k $8.2m $8.2m 0.16% Added +102.9k +102,933
83 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 107,675107.7k $8.1m $8.1m 0.00% Reduced -2.1m -2,099,371
84 OPTIMAS CAPITAL Ltd 12.00% of their portfolio CENTRAL, K3 104,200104.2k $7.8m $7.8m 12.00% New
85 Prescott Group Capital Management, L.L.C. 0.67% of their portfolio Tulsa, OK 103,492103.5k $7.7m $7.7m 0.67% Unchanged
86 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 103,217103.2k $7.7m $7.7m 0.01% Added +4.2k +4,239
87 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 100,699100.7k $7.5m $7.5m 0.01% Added +5.4k +5,399
88 CAPSTONE INVESTMENT ADVISORS, LLC 0.05% of their portfolio NEW YORK, NY 97,62997.6k $7.3m $7.3m 0.05% Reduced -283.4k -283,414
89 Walleye Capital LLC 0.03% of their portfolio NEW YORK, NY 97,16497.2k $7.3m $7.3m 0.03% Added +7.9k +7,937
90 Rosenthal | Henry Capital Advisors, Inc. 6.24% of their portfolio MISHAWAKA, IN 95,28095.3k $7.1m $7.1m 6.24% Reduced -36.3k -36,330
91 SG Capital Management LLC 0.63% of their portfolio CHICAGO, IL 93,48293.5k $7.0m $7.0m 0.63% Reduced -77.1k -77,113
92 Eldridge Investment Advisors, Inc. 1.27% of their portfolio MANCHESTER, NH 85,41885.4k $6.4m $6.4m 1.27% Added +4.8k +4,763
93 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 78,11978.1k $5.8m $5.8m 0.01% Added +384 +384
94 IAM Advisory, LLC 1.14% of their portfolio EASTON, PA 77,84477.8k $5.8m $5.8m 1.14% Added +4.8k +4,809
95 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 75,82175.8k $5.7m $5.7m 0.01% Reduced -58.1k -58,079
96 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 71,70071.7k $5.4m $5.4m 0.00% New
97 First Interstate Bank 0.28% of their portfolio Billings, MT 70,74970.7k $5.3m $5.3m 0.28% Reduced -1.4k -1,417
98 Aster Capital Management (DIFC) Ltd 1.12% of their portfolio DUBAI, C0 70,41070.4k $5.3m $5.3m 1.12% New
99 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 70,34470.3k $5.3m $5.3m 0.01% Added +30.6k +30,552
100 Annandale Capital, LLC 0.77% of their portfolio DALLAS, TX 69,30069.3k $5.2m $5.2m 0.77% Reduced -5.7k -5,700