Vault-13

SPDR SER TR XRT

S&P RETAIL ETF · ETP · CUSIP 78464A714

119 institutional holders -29 vs Q4 2025
33,030,78833.0m shares reported held*
$2.7bnreported value*
21 new 28 added 38 reduced 48 sold out net bought ≈ $331.0m (+4.1m 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. Holder counts are more reliable. Implied quarter-end price ≈ $80.50. Options: 20 managers hold calls ($435.7m notional), 17 hold puts ($386.7m).

Trends to Q1 2026

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: 113Q2 25: 121Q3 25: 122Q4 25: 148Q1 26: 119119Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 2022103
Q4 2022114
Q1 2023121
Q2 2023119
Q3 2023116
Q4 2023145
Q1 2024137
Q2 2024123
Q3 2024116
Q4 2024128
Q1 2025113
Q2 2025121
Q3 2025122
Q4 2025148
Q1 2026119

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 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 25Q2 25: 53 bought or addedQ2 25: 59 cut or sold outQ3 25: 52 bought or addedQ3 25: 57 cut or sold outQ3 25Q4 25: 78 bought or addedQ4 25: 57 cut or sold outQ1 26: 49 bought or addedQ1 26: 86 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20245879
Q3 20244172
Q4 20245461
Q1 20255070
Q2 20255359
Q3 20255257
Q4 20257857
Q1 20264986

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bnQ2 25 calls: $696.8mQ2 25 puts: $1.3bnQ2 25P/C 1.80Q3 25 calls: $434.9mQ3 25 puts: $1.0bnQ3 25P/C 2.39Q4 25 calls: $457.2mQ4 25 puts: $595.7mQ4 25P/C 1.30Q1 26 calls: $435.7mQ1 26 puts: $386.7mQ1 26P/C 0.89
Numbers
QuarterCallsPutsP/C
Q2 2025$696.8m$1.3bn1.80
Q3 2025$434.9m$1.0bn2.39
Q4 2025$457.2m$595.7m1.30
Q1 2026$435.7m$386.7m0.89

Biggest buyers

MORGAN STANLEY Added +3,485,833+3.5m
GOLDMAN SACHS GROUP INC Added +1,293,529+1.3m
Phoenix Financial Ltd. New +1,259,000+1.3m
BNP PARIBAS FINANCIAL MARKETS Added +1,234,180+1.2m
Jefferies Financial Group Inc. New +1,230,000+1.2m
JPMORGAN CHASE & CO Added +638,757+638.8k
CITIGROUP INC Added +559,791+559.8k
Clear Street Group Inc. Added +550,000+550.0k
Employees Retirement System of Texas New +526,600+526.6k
BANK OF AMERICA CORP /DE/ Added +295,743+295.7k

Biggest sellers

HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -3,900,000-3.9m
STATE OF WISCONSIN INVESTMENT BOARD Sold out -633,318-633.3k
MEITAV INVESTMENT HOUSE LTD Sold out -560,000-560.0k
Rokos Capital Management LLP Sold out -366,470-366.5k
J. Goldman & Co LP Sold out -305,658-305.7k
CITADEL ADVISORS LLC Sold out -298,704-298.7k
Squarepoint Ops LLC Sold out -179,535-179.5k
Quadrature Capital Ltd Sold out -131,999-132.0k
ExodusPoint Capital Management, LP Sold out -130,811-130.8k
MILLENNIUM MANAGEMENT LLC Sold out -129,092-129.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $78.2m971.4k shares
JANE STREET GROUP, LLC Added $72.9m905.7k shares
CITADEL ADVISORS LLC Reduced $57.4m713.7k shares
WELLS FARGO & COMPANY/MN New $43.0m534.9k shares
BARCLAYS PLC Reduced $32.2m400.0k shares
Jain Global LLC Added $32.2m400.0k shares
NOMURA HOLDINGS INC New $31.8m395.0k shares
MILLENNIUM MANAGEMENT LLC Reduced $20.1m250.0k shares
Walleye Trading LLC Reduced $11.6m144.6k shares
UBS Group AG Reduced $10.9m135.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $127.1m1.6m shares
CITADEL ADVISORS LLC Added $85.0m1.1m shares
JANE STREET GROUP, LLC Added $43.1m535.3k shares
SCOPUS ASSET MANAGEMENT, L.P. New $32.2m400.0k shares
BANK OF MONTREAL /CAN/ New $19.3m240.0k shares
UBS Group AG Added $17.3m215.0k shares
Walleye Trading LLC Reduced $14.7m182.8k shares
Allianz Asset Management GmbH Reduced $14.1m175.0k shares
MILLENNIUM MANAGEMENT LLC Unchanged $12.1m150.0k shares
Jain Global LLC Unchanged $6.4m80.0k 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.96% of their portfolio TORONTO, A6 7,221,0007.2m $581.1m $581.1m 0.96% Reduced -3.9m -3,900,000
2 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 5,315,0815.3m $427.7m $427.7m 0.03% Added +3.5m +3,485,833
3 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 2,023,8722.0m $162.9m $162.9m 0.02% Added +1.3m +1,293,529
4 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,487,6741.5m $119.7m $119.7m 0.02% Reduced -97.9k -97,879
5 CANADA PENSION PLAN INVESTMENT BOARD 0.07% of their portfolio TORONTO ONTARIO, A6 1,400,0001.4m $112.7m $112.7m 0.07% Unchanged
6 CITIGROUP INC 0.07% of their portfolio NEW YORK, NY 1,311,9341.3m $105.6m $105.6m 0.07% Added +559.8k +559,791
7 MIRAE ASSET SECURITIES (USA) INC. 4.94% of their portfolio NEW YORK, NY 1,300,0001.3m $104.6m $104.6m 4.94% Unchanged
8 Phoenix Financial Ltd. 0.96% of their portfolio Givatayim, L3 1,259,0001.3m $101.3m $101.3m 0.96% New
9 BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio PARIS, I0 1,234,8231.2m $99.4m $99.4m 0.07% Added +1.2m +1,234,180
10 Jefferies Financial Group Inc. 1.21% of their portfolio NEW YORK, NY 1,230,0001.2m $99.0m $99.0m 1.21% New
11 BARCLAYS PLC 0.03% of their portfolio LONDON, X0 1,170,2271.2m $94.2m $94.2m 0.03% Added +186.5k +186,503
12 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,133,5621.1m $91.2m $91.2m 0.01% Added +295.7k +295,743
13 Clear Street Group Inc. 0.45% of their portfolio NEW YORK, NY 1,000,0001.0m $80.5m $80.5m 0.45% Added +550.0k +550,000
14 TORONTO DOMINION BANK 0.12% of their portfolio TORONTO, ONTARIO, A6 750,000750.0k $60.3m $60.3m 0.12% Unchanged
15 SUSQUEHANNA ADVISORS GROUP, INC. 2.81% of their portfolio BALA CYNWYD, PA 750,000750.0k $60.4m $60.4m 2.81% Unchanged
16 Cartenna Capital, LP 2.63% of their portfolio STAMFORD, CT 750,000750.0k $60.4m $60.4m 2.63% Unchanged
17 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 643,791643.8k $50.5m $50.5m 0.00% Added +638.8k +638,757
18 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.06% of their portfolio BALA CYNWYD, PA 576,753576.8k $46.4m $46.4m 0.06% Added +246.1k +246,143
19 Employees Retirement System of Texas 0.37% of their portfolio AUSTIN, TX 526,600526.6k $42.4m $42.4m 0.37% New
20 NATIXIS 0.16% of their portfolio PARIS, I0 500,422500.4k $40.3m $40.3m 0.16% Added +8.6k +8,581
21 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 159,832159.8k $12.9m $12.9m 0.00% Reduced -20.9k -20,877
22 Banco BTG Pactual S.A. 2.35% of their portfolio RIO DE JANEIRO, D5 150,000150.0k $12.1m $12.1m 2.35% New
23 BOOTHBAY FUND MANAGEMENT, LLC 0.17% of their portfolio NEW YORK, NY 89,77389.8k $7.2m $7.2m 0.17% Reduced -7.5k -7,493
24 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 78,82178.8k $6.3m $6.3m 0.00% Reduced -52.7k -52,664
25 Twin Tree Management, LP 1.20% of their portfolio DALLAS, TX 71,27071.3k $5.7m $5.7m 1.20% Added +63.9k +63,941
26 Quantitative Investment Management, LLC 0.59% of their portfolio CHARLOTTESVILLE, VA 70,42270.4k $5.7m $5.7m 0.59% New
27 Broad Peak Investment Advisers Pte Ltd 1.10% of their portfolio SINGAPORE, U0 67,50067.5k $5.4m $5.4m 1.10% Reduced -52.0k -52,000
28 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 63,93563.9k $5.1m $5.1m 0.00% Reduced -79.2k -79,240
29 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 62,85562.9k $5.1m $5.1m 0.00% Reduced -6.9k -6,882
30 TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio STAMFORD, CT 56,62456.6k $4.6m $4.6m 0.02% New
31 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 54,70054.7k $4.4m $4.4m 0.00% Reduced -431 -431
32 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 51,18451.2k $4.1m $4.1m 0.01% Reduced -75.5k -75,453
33 Migdal Insurance & Financial Holdings Ltd. 0.02% of their portfolio Petach Tikva, L3 33,50033.5k $2.7m $2.7m 0.02% New
34 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 31,20331.2k $2.5m $2.5m 0.01% Added +281 +281
35 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 26,22426.2k $2.1m $2.1m 0.00% Added +7.7k +7,666
36 IMC-Chicago, LLC 0.03% of their portfolio CHICAGO, IL 24,42824.4k $2.0m $2.0m 0.03% Added +5.2k +5,206
37 Ellis Investment Partners, LLC 0.30% of their portfolio Berwyn, PA 21,62421.6k $1.7m $1.7m 0.30% Reduced -452 -452
38 Graham Capital Management, L.P. 0.06% of their portfolio ROWAYTON, CT 21,40021.4k $1.7m $1.7m 0.06% Reduced -2.6k -2,600
39 Aster Capital Management (DIFC) Ltd 0.47% of their portfolio DUBAI, C0 21,01621.0k $1.5m $1.5m 0.47% New
40 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 18,73918.7k $1.5m $1.5m 0.00% Added +7.6k +7,603
41 Fairvoy Private Wealth, LLC 0.35% of their portfolio BIRMINGHAM, AL 18,09818.1k $1.5m $1.5m 0.35% New
42 SummitTX Capital, L.P. 0.04% of their portfolio FORT WORTH, TX 16,38116.4k $1.3m $1.3m 0.04% New
43 Tidal Investments LLC 0.00% of their portfolio Milwaukee, WI 16,11816.1k $1.3m $1.3m 0.00% Reduced -57.5k -57,544
44 SIMPLEX TRADING, LLC 0.04% of their portfolio CHICAGO, IL 14,30314.3k $1.2m $1.2m 0.04% New
45 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 13,35913.4k $1.1m $1.1m 0.01% New
46 DRW Securities, LLC 0.05% of their portfolio CHICAGO, IL 11,80211.8k $949.7k $949.7k 0.05% Added +4.3k +4,259
47 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 11,69111.7k $940.8k $940.8k 0.00% Added +6.3k +6,258
48 Global Assets Advisory, LLC 1.01% of their portfolio ORLANDO, FL 11,25611.3k $3.5m $3.5m 1.01% New
49 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 10,71610.7k $862.3k $862.3k 0.00% Reduced -2.1k -2,141
50 Parallax Volatility Advisers, L.P. 0.03% of their portfolio San Francisco, CA 9,0139.0k $785.9k $785.9k 0.03% Reduced -10.3k -10,348
51 LEUTHOLD GROUP, LLC 0.07% of their portfolio MINNEAPOLIS, MN 8,7498.7k $704.0k $704.0k 0.07% Reduced -1.5k -1,537
52 Venture Visionary Partners LLC 0.02% of their portfolio Sylvania, OH 8,0598.1k $648.6k $648.6k 0.02% Reduced -4.2k -4,244
53 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 8,0008.0k $643.8k $643.8k 0.00% Reduced -99.0k -99,021
54 MENORA MIVTACHIM HOLDINGS LTD. 0.00% of their portfolio Ramat Gan, L3 8,0008.0k $643.8k $643.8k 0.00% Unchanged
55 DV Trading LLC 0.05% of their portfolio CHICAGO, IL 6,5556.6k $527.5k $527.5k 0.05% Reduced -5.3k -5,321
56 WASHINGTON GROWTH STRATEGIES LLC 0.31% of their portfolio WASHINGTON, DC 5,8975.9k $474.5k $474.5k 0.31% Reduced -380 -380
57 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 5,5275.5k $444.8k $444.8k 0.00% Added +4.2k +4,212
58 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 5,1475.1k $414.2k $414.2k 0.00% Reduced -259 -259
59 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 5,1405.1k $413.6k $413.6k 0.00% New
60 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 5,0665.1k $407.9k $407.9k 0.00% Added +470 +470
61 HOLDERNESS INVESTMENTS CO 0.08% of their portfolio GREENSBORO, NC 4,8004.8k $386.3k $386.3k 0.08% Reduced -1.2k -1,200
62 Institute for Wealth Management, LLC. 0.04% of their portfolio DENVER, CO 4,6904.7k $377.4k $377.4k 0.04% Unchanged
63 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 4,5404.5k $365.3k $365.3k 0.01% Unchanged
64 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 4,0134.0k $323.0k $323.0k 0.00% Reduced -2.2k -2,198
65 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 3,9774.0k $320.0k $320.0k 0.00% Reduced -1.2k -1,197
66 FLOW TRADERS U.S. LLC 0.01% of their portfolio NEW YORK, NY 3,7943.8k $305.0k $305.0k 0.01% New
67 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 3,6553.7k $294.2k $294.2k 0.00% Reduced -3.6k -3,566
68 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 3,3643.4k $270.7k $270.7k 0.00% Added +23 +23
69 Tower Research Capital LLC (TRC) 0.01% of their portfolio NEW YORK, NY 3,3093.3k $266.3k $266.3k 0.01% New
70 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 3,1183.1k $250.9k $250.9k 0.00% Unchanged
71 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 3,1093.1k $250.2k $250.2k 0.00% Reduced -2.1k -2,126
72 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 2,8012.8k $225.0k $225.0k 0.00% Added +199 +199
73 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 2,7892.8k $224.4k $224.4k 0.00% Reduced -15.4k -15,362
74 McGuire Investment Group, LLC 0.02% of their portfolio WAKEFIELD, RI 2,5922.6k $208.6k $208.6k 0.02% Added +185 +185
75 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 2,4102.4k $193.9k $193.9k 0.00% Reduced -814 -814
76 Vestcor Inc 0.00% of their portfolio FREDERICTON, A3 2,1502.1k $173.0k $173.0k 0.00% Unchanged
77 FMR LLC 0.00% of their portfolio BOSTON, MA 1,8981.9k $152.7k $152.7k 0.00% Added +571 +571
78 CENTAURUS FINANCIAL, INC. 0.01% of their portfolio ANAHEIM, CA 1,8611.9k $150.0k $150.0k 0.01% Added +282 +282
79 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 1,7791.8k $139.8k $139.8k 0.00% Added +108 +108
80 Murphy & Mullick Capital Management Corp 0.11% of their portfolio SMITHTOWN, NY 1,7651.8k $142.0k $142.0k 0.11% New
81 LANARK FINANCIAL, INC. 0.01% of their portfolio BIRMINGHAM, AL 1,0801.1k $86.9k $86.9k 0.01% Reduced -165 -165
82 DiNuzzo Private Wealth, Inc. 0.01% of their portfolio BEAVER, PA 1,0001.0k $80.5k $80.5k 0.01% Unchanged
83 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 880880 $70.8k $70.8k 0.00% New
84 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 861861 $69.3k $69.3k 0.00% Reduced -50 -50
85 Manchester Capital Management LLC 0.01% of their portfolio MANCHESTER, VT 700700 $56.3k $56.3k 0.01% Unchanged
86 Glen Eagle Advisors, LLC 0.01% of their portfolio KINGSTON, NJ 630630 $50.7k $50.7k 0.01% Unchanged
87 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 617617 $49.6k $49.6k 0.00% Reduced -48 -48
88 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 418418 $33.6k $33.6k 0.00% Reduced -1.2k -1,175
89 GUARDIAN WEALTH ADVISORS, LLC / NC 0.00% of their portfolio RALEIGH, NC 415415 $33.4k $33.4k 0.00% New
90 Golden State Wealth Management, LLC 0.00% of their portfolio SANTA ANA, CA 385385 $31.0k $31.0k 0.00% Reduced -8 -8
91 FIRST HORIZON CORP 0.00% of their portfolio MEMPHIS, TN 304304 $24.5k $24.5k 0.00% Unchanged
92 BlackRock, Inc. 0.00% of their portfolio New York, NY 276276 $22.2k $22.2k 0.00% Added +1 +1
93 Smartleaf Asset Management LLC 0.00% of their portfolio BOSTON, MA 250250 $19.6k $19.6k 0.00% Unchanged
94 Scarborough Advisors, LLC 0.00% of their portfolio ANNAPOLIS, MD 212212 $17.0k $17.0k 0.00% Added +1 +1
95 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 164164 $13.2k $13.2k 0.00% Added +24 +24
96 Avion Wealth 0.00% of their portfolio THE WOODLANDS, TX 159159 $12.0k $12.0k 0.00% Unchanged
97 Byrne Asset Management LLC 0.01% of their portfolio KINGSTON, NJ 130130 $10.5k $10.5k 0.01% Reduced -85 -85
98 Strategic Wealth Partners, Ltd. 0.00% of their portfolio INDEPENDENCE, OH 128128 $10.3k $10.3k 0.00% Unchanged
99 Quaker Wealth Management, LLC 0.00% of their portfolio MOORESTOWN, NJ 124124 $10.0k $10.0k 0.00% Unchanged
100 Realta Investment Advisors 0.00% of their portfolio WILMINGTON, DE 115115 $9.3k $9.3k 0.00% New