Vault-13

SPDR SER TR XRT

S&P RETAIL ETF · ETP · CUSIP 78464A714

113 institutional holders -15 vs Q4 2024
30,897,83130.9m shares reported held*
$2.1bnreported value*
22 new 28 added 32 reduced 38 sold out net bought ≈ $531.8m (+7.7m 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. Holder counts are more reliable. Implied quarter-end price ≈ $69.09. Options: 20 managers hold calls ($666.0m notional), 31 hold puts ($1.1bn).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 103Q4 22: 114Q1 23: 121Q2 23: 119Q3 23: 116Q4 23: 145Q1 24: 137Q2 24: 123Q3 24: 116Q4 24: 128Q1 25: 113113Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022103
Q4 2022114
Q1 2023121
Q2 2023119
Q3 2023116
Q4 2023145
Q1 2024137
Q2 2024123
Q3 2024116
Q4 2024128
Q1 2025113

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 23: 51 bought or addedQ2 23: 61 cut or sold outQ3 23: 50 bought or addedQ3 23: 56 cut or sold outQ3 23Q4 23: 76 bought or addedQ4 23: 60 cut or sold outQ1 24: 69 bought or addedQ1 24: 84 cut or sold outQ1 24Q2 24: 58 bought or addedQ2 24: 79 cut or sold outQ3 24: 41 bought or addedQ3 24: 72 cut or sold outQ3 24Q4 24: 54 bought or addedQ4 24: 61 cut or sold outQ1 25: 50 bought or addedQ1 25: 70 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20235161
Q3 20235056
Q4 20237660
Q1 20246984
Q2 20245879
Q3 20244172
Q4 20245461
Q1 20255070

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bnQ2 24 calls: $334.0mQ2 24 puts: $572.0mQ2 24P/C 1.71Q3 24 calls: $475.0mQ3 24 puts: $1.2bnQ3 24P/C 2.60Q4 24 calls: $483.0mQ4 24 puts: $631.2mQ4 24P/C 1.31Q1 25 calls: $666.0mQ1 25 puts: $1.1bnQ1 25P/C 1.66
Numbers
QuarterCallsPutsP/C
Q2 2024$334.0m$572.0m1.71
Q3 2024$475.0m$1.2bn2.60
Q4 2024$483.0m$631.2m1.31
Q1 2025$666.0m$1.1bn1.66

Biggest buyers

MORGAN STANLEY Added +2,369,045+2.4m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Added +1,500,000+1.5m
UBS Group AG Added +1,219,341+1.2m
BANK OF NOVA SCOTIA New +1,000,000+1.0m
BARCLAYS PLC Added +894,039+894.0k
NATIXIS Added +502,387+502.4k
MIZUHO SECURITIES USA LLC New +500,000+500.0k
CITIGROUP INC Added +387,907+387.9k
Twin Tree Management, LP New +273,431+273.4k
Polar Asset Management Partners Inc. New +170,100+170.1k

Biggest sellers

Itau Unibanco Holding S.A. Sold out -194,122-194.1k
GTS SECURITIES LLC Reduced -191,361-191.4k
GOLDMAN SACHS GROUP INC Reduced -190,871-190.9k
NorthCoast Asset Management LLC Reduced -151,010-151.0k
MARSHALL WACE, LLP Reduced -127,324-127.3k
JANE STREET GROUP, LLC Sold out -126,098-126.1k
1832 Asset Management L.P. Sold out -113,908-113.9k
Squarepoint Ops LLC Sold out -92,291-92.3k
J. Goldman & Co LP Sold out -85,077-85.1k
Venture Visionary Partners LLC Reduced -76,553-76.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $144.8m2.1m shares
CITADEL ADVISORS LLC Added $129.0m1.9m shares
MILLENNIUM MANAGEMENT LLC Reduced $90.5m1.3m shares
Balyasny Asset Management L.P. Added $66.4m960.8k shares
SCOPUS ASSET MANAGEMENT, L.P. New $58.7m850.0k shares
Candlestick Capital Management LP New $40.5m586.6k shares
BANK OF AMERICA CORP /DE/ Added $34.5m500.0k shares
JANE STREET GROUP, LLC Added $30.9m447.6k shares
Oribel Capital Management, LP New $17.6m254.7k shares
PFM Health Sciences, LP New $10.9m157.2k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $413.1m6.0m shares
CITADEL ADVISORS LLC Added $113.0m1.6m shares
JANE STREET GROUP, LLC Added $111.3m1.6m shares
MILLENNIUM MANAGEMENT LLC Added $90.5m1.3m shares
Balyasny Asset Management L.P. Added $82.5m1.2m shares
UBS Group AG Added $33.4m483.7k shares
BANK OF AMERICA CORP /DE/ Added $27.6m400.0k shares
Walleye Trading LLC Added $27.0m390.9k shares
Jefferies Financial Group Inc. New $24.5m355.1k shares
KINGDON CAPITAL MANAGEMENT, L.L.C. New $23.8m345.0k 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 1.16% of their portfolio TORONTO, A6 7,590,0007.6m $524.4m $524.4m 1.16% Added +1.5m +1,500,000
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 3,216,4063.2m $222.2m $222.2m 0.02% Added +2.4m +2,369,045
3 Phoenix Financial Ltd. 2.04% of their portfolio Givatayim, L3 1,929,1301.9m $133.3m $133.3m 2.04% Unchanged
4 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,889,3891.9m $130.5m $130.5m 0.02% Reduced -190.9k -190,871
5 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,571,1101.6m $108.5m $108.5m 0.02% Added +1.2m +1,219,341
6 BARCLAYS PLC 0.05% of their portfolio LONDON, X0 1,565,0941.6m $108.1m $108.1m 0.05% Added +894.0k +894,039
7 BNP PARIBAS FINANCIAL MARKETS 0.08% of their portfolio PARIS, I0 1,453,3261.5m $100.4m $100.4m 0.08% First filing
8 CANADA PENSION PLAN INVESTMENT BOARD 0.09% of their portfolio TORONTO ONTARIO, A6 1,400,0001.4m $96.7m $96.7m 0.09% Unchanged
9 MIRAE ASSET SECURITIES (USA) INC. 3.86% of their portfolio NEW YORK, NY 1,300,0001.3m $89.8m $89.8m 3.86% Unchanged
10 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,200,2931.2m $82.9m $82.9m 0.01% Added +16.4k +16,386
11 BANK OF NOVA SCOTIA 0.16% of their portfolio TORONTO, A6 1,000,0001.0m $69.1m $69.1m 0.16% New
12 CITIGROUP INC 0.05% of their portfolio NEW YORK, NY 991,342991.3k $68.5m $68.5m 0.05% Added +387.9k +387,907
13 STATE OF WISCONSIN INVESTMENT BOARD 0.14% of their portfolio MADISON, WI 771,318771.3k $53.3m $53.3m 0.14% Reduced -479 -479
14 TORONTO DOMINION BANK 0.13% of their portfolio TORONTO, ONTARIO, A6 750,000750.0k $51.8m $51.8m 0.13% Unchanged
15 SUSQUEHANNA ADVISORS GROUP, INC. 3.30% of their portfolio BALA CYNWYD, PA 750,000750.0k $51.8m $51.8m 3.30% Unchanged
16 NATIXIS 0.20% of their portfolio PARIS, I0 502,809502.8k $34.5m $34.5m 0.20% Added +502.4k +502,387
17 MIZUHO SECURITIES USA LLC 0.75% of their portfolio NEW YORK, NY 500,000500.0k $34.5m $34.5m 0.75% New
18 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio BALA CYNWYD, PA 344,216344.2k $23.8m $23.8m 0.04% Added +91.6k +91,621
19 Twin Tree Management, LP 0.42% of their portfolio DALLAS, TX 273,431273.4k $18.9m $18.9m 0.42% New
20 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 170,647170.6k $11.8m $11.8m 0.00% Added +7.8k +7,769
21 Polar Asset Management Partners Inc. 0.39% of their portfolio TORONTO, A6 170,100170.1k $11.8m $11.8m 0.39% New
22 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 155,918155.9k $10.8m $10.8m 0.01% Added +38.4k +38,404
23 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 132,221132.2k $9.1m $9.1m 0.01% Reduced -127.3k -127,324
24 CLEAR STREET LLC 0.14% of their portfolio NEW YORK, NY 100,000100.0k $6.9m $6.9m 0.14% New
25 GTS SECURITIES LLC 0.28% of their portfolio NEW YORK, NY 91,99192.0k $6.4m $6.4m 0.28% Reduced -191.4k -191,361
26 GARDA CAPITAL PARTNERS LP 3.30% of their portfolio WAYZATA, MN 85,20385.2k $5.9m $5.9m 3.30% New
27 Aster Capital Management (DIFC) Ltd 1.14% of their portfolio DUBAI, C0 83,02583.0k $6.2m $6.2m 1.14% New
28 Jefferies Financial Group Inc. 0.10% of their portfolio NEW YORK, NY 81,00081.0k $5.6m $5.6m 0.10% New
29 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 75,70075.7k $5.2m $5.2m 0.01% Reduced -20.1k -20,100
30 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 67,54767.5k $4.7m $4.7m 0.01% Added +23.2k +23,192
31 CIBC WORLD MARKETS CORP 0.04% of their portfolio NEW YORK, NY 64,44564.4k $4.5m $4.5m 0.04% New
32 Atom Investors LP 0.54% of their portfolio AUSTIN, TX 64,05564.1k $4.4m $4.4m 0.54% Added +5.0k +4,985
33 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 57,43457.4k $4.0m $4.0m 0.00% Reduced -5.9k -5,882
34 Quantitative Investment Management, LLC 0.32% of their portfolio CHARLOTTESVILLE, VA 49,73049.7k $3.4m $3.4m 0.32% New
35 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 43,82943.8k $3.0m $3.0m 0.00% Reduced -37.8k -37,790
36 PFM Health Sciences, LP 0.19% of their portfolio SAN FRANCISCO, CA 36,47136.5k $2.5m $2.5m 0.19% New
37 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 22,64822.6k $1.6m $1.6m 0.00% Added +16.1k +16,119
38 SummitTX Capital, L.P. 0.07% of their portfolio FORT WORTH, TX 21,62721.6k $1.5m $1.5m 0.07% First filing
39 Ellis Investment Partners, LLC 0.27% of their portfolio Berwyn, PA 19,22619.2k $1.3m $1.3m 0.27% Reduced -106 -106
40 Tower Research Capital LLC (TRC) 0.04% of their portfolio NEW YORK, NY 17,85417.9k $1.2m $1.2m 0.04% Reduced -11.4k -11,385
41 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.01% of their portfolio Madrid, U3 16,37116.4k $1.1m $1.1m 0.01% Added +9.3k +9,323
42 IMC-Chicago, LLC 0.04% of their portfolio CHICAGO, IL 15,52415.5k $1.1m $1.1m 0.04% New
43 FLOW TRADERS U.S. LLC 0.04% of their portfolio NEW YORK, NY 15,11615.1k $1.0m $1.0m 0.04% Added +3.8k +3,819
44 Econ Financial Services Corp 0.55% of their portfolio HARRISBURG, PA 14,96115.0k $1.0m $1.0m 0.55% Added +6.0k +6,045
45 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 13,65813.7k $943.6k $943.6k 0.01% Reduced -194 -194
46 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 13,12613.1k $907.0k $907.0k 0.00% Added +4.5k +4,481
47 Venture Visionary Partners LLC 0.04% of their portfolio Sylvania, OH 12,90112.9k $891.3k $891.3k 0.04% Reduced -76.6k -76,553
48 Governors Lane LP 0.19% of their portfolio NEW YORK, NY 12,69712.7k $877.2k $877.2k 0.19% New
49 NorthCoast Asset Management LLC 0.00% of their portfolio STAMFORD, CT 12,22012.2k $844.3k $844.3k 0.00% Reduced -151.0k -151,010
50 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 11,30911.3k $781.3k $781.3k 0.00% Reduced -477 -477
51 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 10,24910.2k $708.1k $708.1k 0.00% Reduced -4.3k -4,332
52 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 10,00010.0k $686.2k $686.2k 0.00% New
53 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 9,8289.8k $679.0k $679.0k 0.00% Reduced -16.6k -16,581
54 AMICA MUTUAL INSURANCE CO 0.07% of their portfolio PROVIDENCE, RI 9,2059.2k $636.0k $636.0k 0.07% Reduced -7.4k -7,425
55 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 8,7758.8k $606.3k $606.3k 0.00% New
56 Bayesian Capital Management, LP 0.07% of their portfolio Brooklyn, NY 6,4006.4k $442.2k $442.2k 0.07% New
57 HOLDERNESS INVESTMENTS CO 0.10% of their portfolio GREENSBORO, NC 6,0006.0k $414.5k $414.5k 0.10% Unchanged
58 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 5,5815.6k $386.0k $386.0k 0.00% Added +3 +3
59 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 5,4745.5k $378.2k $378.2k 0.00% Added +767 +767
60 Institute for Wealth Management, LLC. 0.05% of their portfolio DENVER, CO 5,1145.1k $353.3k $353.3k 0.05% Reduced -50 -50
61 Tidal Investments LLC 0.00% of their portfolio Milwaukee, WI 5,0395.0k $348.1k $348.1k 0.00% Added +482 +482
62 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 4,7514.8k $328.2k $328.2k 0.00% Reduced -49.6k -49,566
63 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 4,5404.5k $313.7k $313.7k 0.01% New
64 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 4,2694.3k $295.2k $295.2k 0.00% Reduced -655 -655
65 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 4,2674.3k $294.8k $294.8k 0.00% Added +2.8k +2,815
66 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 4,1814.2k $289.0k $289.0k 0.00% Reduced -491 -491
67 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 4,1004.1k $283.3k $283.3k 0.00% New
68 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 3,9934.0k $275.9k $275.9k 0.01% New
69 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 3,6113.6k $249.5k $249.5k 0.00% Added +1 +1
70 NAPLES GLOBAL ADVISORS, LLC 0.02% of their portfolio NAPLES, FL 3,5003.5k $241.8k $241.8k 0.02% Unchanged
71 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 3,2253.2k $222.8k $222.8k 0.00% Reduced -209 -209
72 Stonebridge Financial Planning Group, LLC 0.10% of their portfolio ORLANDO, FL 3,0503.0k $210.7k $210.7k 0.10% Unchanged
73 DRW Securities, LLC 0.02% of their portfolio CHICAGO, IL 3,0403.0k $210.0k $210.0k 0.02% Reduced -291 -291
74 McGuire Investment Group, LLC 0.03% of their portfolio WAKEFIELD, RI 2,9993.0k $207.2k $207.2k 0.03% New
75 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 2,8492.8k $196.8k $196.8k 0.00% Reduced -29.9k -29,894
76 Headlands Technologies LLC 0.02% of their portfolio CHICAGO, IL 2,7152.7k $187.6k $187.6k 0.02% New
77 CX Institutional 0.00% of their portfolio AUBURN, IN 1,2831.3k $89.0k $89.0k 0.00% Added +1.2k +1,234
78 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 1,2411.2k $85.1k $85.1k 0.00% Added +514 +514
79 FMR LLC 0.00% of their portfolio BOSTON, MA 1,2091.2k $83.5k $83.5k 0.00% Reduced -668 -668
80 LANARK FINANCIAL, INC. 0.01% of their portfolio BIRMINGHAM, AL 1,0801.1k $74.0k $74.0k 0.01% Added +1.1k +1,079
81 DiNuzzo Private Wealth, Inc. 0.01% of their portfolio BEAVER, PA 1,0001.0k $69.1k $69.1k 0.01% Unchanged
82 Amica Retiree Medical Trust 0.10% of their portfolio LINCOLN, RI 906906 $63.0k $63.0k 0.10% Reduced -1.5k -1,508
83 COMERICA BANK 0.00% of their portfolio DALLAS, TX 880880 $60.8k $60.8k 0.00% Unchanged
84 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 836836 $57.8k $57.8k 0.00% Reduced -2.9k -2,894
85 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 748748 $51.7k $51.7k 0.00% Added +118 +118
86 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 705705 $48.7k $48.7k 0.00% Reduced -34 -34
87 Manchester Capital Management LLC 0.01% of their portfolio MANCHESTER, VT 700700 $48.4k $48.4k 0.01% Unchanged
88 Glen Eagle Advisors, LLC 0.01% of their portfolio KINGSTON, NJ 630630 $43.5k $43.5k 0.01% Unchanged
89 Golden State Wealth Management, LLC 0.01% of their portfolio SANTA ANA, CA 523523 $36.2k $36.2k 0.01% Added +1 +1
90 Private Wealth Management Group, LLC 0.01% of their portfolio PRINCETON, NJ 511511 $35.3k $35.3k 0.01% Unchanged
91 GUARDIAN WEALTH ADVISORS, LLC / NC 0.00% of their portfolio RALEIGH, NC 503503 $34.8k $34.8k 0.00% Reduced -34 -34
92 First Horizon Advisors, Inc. 0.00% of their portfolio MEMPHIS, TN 304304 $21.0k $21.0k 0.00% Unchanged
93 Transce3nd, LLC 0.01% of their portfolio BUDA, TX 290290 $20.0k $20.0k 0.01% Unchanged
94 Byrne Asset Management LLC 0.01% of their portfolio KINGSTON, NJ 240240 $16.6k $16.6k 0.01% Reduced -50 -50
95 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 214214 $14.8k $14.8k 0.00% New
96 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 184184 $12.7k $12.7k 0.00% Added +22 +22
97 Avion Wealth 0.00% of their portfolio THE WOODLANDS, TX 159159 $12.0k $12.0k 0.00% Unchanged
98 HALBERT HARGROVE GLOBAL ADVISORS, LLC 0.00% of their portfolio LONG BEACH, CA 9595 $6.6k $6.6k 0.00% Unchanged
99 WASHINGTON GROWTH STRATEGIES LLC 0.39% of their portfolio WASHINGTON, DC 6969 $434 $434 0.39% First filing
100 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 4848 $3.4k $3.4k 0.00% Unchanged