Vault-13

SPDR SER TR XPH

S&P PHARMAC · ETP · CUSIP 78464A722

67 institutional holders -6 vs Q1 2025
2,922,7432.9m shares reported held*
$118.6mreported value*
4 new 17 added 24 reduced 9 sold out net sold ≈ $618.0k (-15.2k 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 ≈ $40.59. Options: 2 managers hold calls ($783.2k notional), 1 hold puts ($1.1m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 66Q4 22: 75Q1 23: 63Q2 23: 61Q3 23: 67Q4 23: 75Q1 24: 74Q2 24: 73Q3 24: 73Q4 24: 75Q1 25: 73Q2 25: 6767Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202266
Q4 202275
Q1 202363
Q2 202361
Q3 202367
Q4 202375
Q1 202474
Q2 202473
Q3 202473
Q4 202475
Q1 202573
Q2 202567

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 25 bought or addedQ3 23: 23 cut or sold outQ4 23: 26 bought or addedQ4 23: 29 cut or sold outQ4 23Q1 24: 32 bought or addedQ1 24: 28 cut or sold outQ2 24: 28 bought or addedQ2 24: 32 cut or sold outQ2 24Q3 24: 27 bought or addedQ3 24: 32 cut or sold outQ4 24: 36 bought or addedQ4 24: 24 cut or sold outQ4 24Q1 25: 26 bought or addedQ1 25: 31 cut or sold outQ2 25: 21 bought or addedQ2 25: 33 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232523
Q4 20232629
Q1 20243228
Q2 20242832
Q3 20242732
Q4 20243624
Q1 20252631
Q2 20252133

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ3 24 calls: $834.0kQ3 24 puts: $1.4mQ3 24P/C 1.62Q4 24 calls: $812.5kQ4 24 puts: $1.7mQ4 24P/C 2.08Q1 25 calls: $569.4kQ1 25 puts: $1.1mQ1 25P/C 2.01Q2 25 calls: $783.2kQ2 25 puts: $1.1mQ2 25P/C 1.44
Numbers
QuarterCallsPutsP/C
Q3 2024$834.0k$1.4m1.62
Q4 2024$812.5k$1.7m2.08
Q1 2025$569.4k$1.1m2.01
Q2 2025$783.2k$1.1m1.44

Biggest buyers

FIRST CITIZENS BANK & TRUST CO Added +47,885+47.9k
Envestnet Portfolio Solutions, Inc. Added +47,626+47.6k
CITADEL ADVISORS LLC Added +28,194+28.2k
ROYAL BANK OF CANADA Added +25,870+25.9k
SVB WEALTH LLC Added +8,079+8.1k
EP Wealth Advisors, LLC New +6,840+6.8k
Rockport Wealth LLC New +5,000+5.0k
JPMORGAN CHASE & CO Added +4,918+4.9k
Wharton Business Group, LLC Added +4,910+4.9k
Advantage Trust Co Added +3,050+3.0k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -39,403-39.4k
Kingsview Wealth Management, LLC Reduced -23,629-23.6k
CX Institutional Reduced -18,394-18.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -18,170-18.2k
WELLS FARGO & COMPANY/MN Reduced -17,410-17.4k
Rockefeller Capital Management L.P. Reduced -16,550-16.6k
UBS Group AG Reduced -12,230-12.2k
RAYMOND JAMES FINANCIAL INC Reduced -9,420-9.4k
D. E. Shaw & Co., Inc. Sold out -7,737-7.7k
JANE STREET GROUP, LLC Sold out -7,023-7.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $572.2k14.1k shares
CITADEL ADVISORS LLC Added $211.0k5.2k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.1m27.7k 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 660,768660.8k $26.8m $26.8m 0.00% Reduced -39.4k -39,403
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 496,135496.1k $20.1m $20.1m 0.00% Reduced -2.8k -2,814
3 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 250,355250.4k $10.2m $10.2m 0.01% Reduced -514 -514
4 Kingsview Wealth Management, LLC 0.16% of their portfolio GRANTS PASS, OR 237,014237.0k $9.6m $9.6m 0.16% Reduced -23.6k -23,629
5 FIRST CITIZENS BANK & TRUST CO 0.13% of their portfolio RALEIGH, NC 176,391176.4k $7.2m $7.2m 0.13% Added +47.9k +47,885
6 Envestnet Portfolio Solutions, Inc. 0.02% of their portfolio BERWYN, PA 161,088161.1k $6.5m $6.5m 0.02% Added +47.6k +47,626
7 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 114,331114.3k $4.6m $4.6m 0.00% Reduced -5.6k -5,598
8 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 111,675111.7k $4.5m $4.5m 0.00% Added +1.5k +1,474
9 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 73,87573.9k $3.0m $3.0m 0.00% Reduced -18.2k -18,170
10 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 72,05472.1k $2.9m $2.9m 0.00% Reduced -17.4k -17,410
11 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 57,25857.3k $2.3m $2.3m 0.00% Added +4.9k +4,918
12 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 53,24853.2k $2.2m $2.2m 0.00% Added +25.9k +25,870
13 Wharton Business Group, LLC 0.09% of their portfolio MALVERN, PA 53,11553.1k $2.2m $2.2m 0.09% Added +4.9k +4,910
14 SVB WEALTH LLC 0.09% of their portfolio BOSTON, MA 41,01241.0k $1.7m $1.7m 0.09% Added +8.1k +8,079
15 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 40,79040.8k $1.7m $1.7m 0.00% Reduced -16.6k -16,550
16 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 40,00040.0k $1.6m $1.6m 0.00% Reduced -1.4k -1,358
17 MAI Capital Management 0.01% of their portfolio INDEPENDENCE, OH 36,08536.1k $1.5m $1.5m 0.01% Reduced -1.4k -1,388
18 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 32,32432.3k $1.3m $1.3m 0.00% Added +28.2k +28,194
19 UBS Group AG 0.00% of their portfolio ZURICH, V8 31,04831.0k $1.3m $1.3m 0.00% Reduced -12.2k -12,230
20 GTS SECURITIES LLC 0.03% of their portfolio NEW YORK, NY 18,94818.9k $768.9k $768.9k 0.03% Added +641 +641
21 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 18,82118.8k $763.8k $763.8k 0.00% Reduced -2.3k -2,265
22 U.S. Capital Wealth Advisors, LLC 0.02% of their portfolio AUSTIN, TX 14,35214.4k $582.4k $582.4k 0.02% Reduced -350 -350
23 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 12,92812.9k $524.6k $524.6k 0.00% Reduced -9.4k -9,420
24 NewEdge Wealth, LLC 0.01% of their portfolio STAMFORD, CT 11,84911.8k $504.1k $504.1k 0.01% Added +1.0k +1,010
25 Ameritas Advisory Services, LLC 0.02% of their portfolio Lincoln, NE 9,5909.6k $389.2k $389.2k 0.02% Reduced -229 -229
26 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 8,0978.1k $328.6k $328.6k 0.01% Unchanged
27 EP Wealth Advisors, LLC 0.00% of their portfolio TORRANCE, CA 6,8406.8k $277.6k $277.6k 0.00% New
28 Fragasso Financial Advisors Inc 0.02% of their portfolio SEWICKLEY, PA 6,6586.7k $270.2k $270.2k 0.02% Added +16 +16
29 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 6,5896.6k $267.4k $267.4k 0.00% Reduced -40 -40
30 Sigma Planning Corp 0.01% of their portfolio ANN ARBOR, MI 5,8015.8k $235.4k $235.4k 0.01% Reduced -93 -93
31 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 5,3275.3k $216.2k $216.2k 0.00% Unchanged
32 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 5,2815.3k $214.3k $214.3k 0.00% Unchanged
33 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 5,1585.2k $209.3k $209.3k 0.00% Added +17 +17
34 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 5,0005.0k $202.9k $202.9k 0.01% Unchanged
35 Rockport Wealth LLC 0.05% of their portfolio Fairview Park, OH 5,0005.0k $202.9k $202.9k 0.05% New
36 Evelyn Partners Investment Management (Europe) Ltd 0.07% of their portfolio Dublin, L2 4,9254.9k $199.9k $199.9k 0.07% Unchanged
37 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 4,8664.9k $197.5k $197.5k 0.00% Added +146 +146
38 Advantage Trust Co 0.06% of their portfolio SALINA, KS 3,2503.2k $131.9k $131.9k 0.06% Added +3.0k +3,050
39 FMR LLC 0.00% of their portfolio BOSTON, MA 3,2233.2k $130.8k $130.8k 0.00% Reduced -657 -657
40 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 2,7802.8k $112.8k $112.8k 0.00% Unchanged
41 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 2,4052.4k $97.4k $97.4k 0.00% Reduced -270 -270
42 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 2,4002.4k $97.4k $97.4k 0.00% Unchanged
43 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 2,2242.2k $90.2k $90.2k 0.00% Unchanged
44 LANARK FINANCIAL, INC. 0.01% of their portfolio BIRMINGHAM, AL 2,1712.2k $88.0k $88.0k 0.01% Added +28 +28
45 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,4911.5k $60.5k $60.5k 0.00% New
46 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 1,4501.4k $58.9k $58.9k 0.00% Added +337 +337
47 BROWN BROTHERS HARRIMAN & CO 0.00% of their portfolio NEW YORK, NY 948948 $38.5k $38.5k 0.00% Unchanged
48 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 851851 $34.5k $34.5k 0.00% Added +165 +165
49 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 790790 $32.1k $32.1k 0.00% Unchanged
50 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 712712 $28.9k $28.9k 0.00% Unchanged
51 WHITTIER TRUST CO 0.00% of their portfolio SOUTH PASADENA, CA 650650 $26.4k $26.4k 0.00% Reduced -200 -200
52 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 452452 $18.3k $18.3k 0.00% Unchanged
53 COMERICA BANK 0.00% of their portfolio DALLAS, TX 450450 $18.3k $18.3k 0.00% Unchanged
54 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 400400 $16.2k $16.2k 0.00% Unchanged
55 ALERUS FINANCIAL NA 0.00% of their portfolio GRAND FORKS, ND 375375 $15.2k $15.2k 0.00% New
56 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 281281 $11.4k $11.4k 0.00% Reduced -334 -334
57 CX Institutional 0.00% of their portfolio AUBURN, IN 247247 $10.0k $10.0k 0.00% Reduced -18.4k -18,394
58 CWM, LLC 0.00% of their portfolio OMAHA, NE 200200 $8.0k $8.0k 0.00% Unchanged
59 Addison Advisors LLC 0.00% of their portfolio MIDDLEBURY, VT 188188 $7.6k $7.6k 0.00% Unchanged
60 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 123123 $5.0k $5.0k 0.00% First filing
61 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 4141 $1.7k $1.7k 0.00% Unchanged
62 Front Row Advisors LLC 0.00% of their portfolio TIBURON, CA 2727 $1.1k $1.1k 0.00% Reduced -18 -18
63 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 1010 $406 $406 0.00% Unchanged
64 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 66 $243 $243 0.00% Reduced -125 -125
65 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 22 $81 $81 0.00% Unchanged
66 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 11 $41 $41 0.00% Unchanged
67 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged