Vault-13

SPDR SERIES TRUST XME

S&P METALS MNG · ETP · CUSIP 78464A755

273 institutional holders +7 vs Q3 2023
29,064,38629.1m shares reported held*
$1.7bnreported value*
41 new 86 added 85 reduced 44 sold out net bought ≈ $132.4m (+2.2m 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 ($3.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $59.83. Options: 23 managers hold calls ($275.4m notional), 27 hold puts ($892.1m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 244Q4 22: 282Q1 23: 291Q2 23: 278Q3 23: 266Q4 23: 273273Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022244
Q4 2022282
Q1 2023291
Q2 2023278
Q3 2023266
Q4 2023273

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 135 bought or addedQ4 22: 110 cut or sold outQ4 22Q1 23: 143 bought or addedQ1 23: 136 cut or sold outQ1 23Q2 23: 111 bought or addedQ2 23: 157 cut or sold outQ2 23Q3 23: 118 bought or addedQ3 23: 138 cut or sold outQ3 23Q4 23: 127 bought or addedQ4 23: 129 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022135110
Q1 2023143136
Q2 2023111157
Q3 2023118138
Q4 2023127129

Calls vs puts

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

CallsPuts
$0$250m$500m$750m$1bnQ1 23 calls: $123.9mQ1 23 puts: $379.7mQ1 23P/C 3.07Q2 23 calls: $110.8mQ2 23 puts: $149.0mQ2 23P/C 1.34Q3 23 calls: $198.2mQ3 23 puts: $306.6mQ3 23P/C 1.55Q4 23 calls: $275.4mQ4 23 puts: $892.1mQ4 23P/C 3.24
Numbers
QuarterCallsPutsP/C
Q1 2023$123.9m$379.7m3.07
Q2 2023$110.8m$149.0m1.34
Q3 2023$198.2m$306.6m1.55
Q4 2023$275.4m$892.1m3.24

Biggest buyers

MORGAN STANLEY Added +1,419,853+1.4m
TWO SIGMA INVESTMENTS, LP New +964,200+964.2k
BANK OF AMERICA CORP /DE/ Added +586,663+586.7k
SCS Capital Management LLC Added +436,980+437.0k
Quantitative Investment Management, LLC New +421,535+421.5k
ADAGE CAPITAL PARTNERS GP, L.L.C. New +330,000+330.0k
EHP Funds Inc. Added +308,254+308.3k
PRUDENTIAL PLC Added +259,731+259.7k
GOLDMAN SACHS GROUP INC Added +161,799+161.8k
UBS Group AG Added +155,431+155.4k

Biggest sellers

BESSEMER GROUP INC Reduced -1,179,200-1.2m
BARCLAYS PLC Reduced -523,089-523.1k
BNP PARIBAS FINANCIAL MARKETS Reduced -377,875-377.9k
FLAGSHIP HARBOR ADVISORS, LLC Sold out -273,250-273.2k
JANE STREET GROUP, LLC Reduced -234,138-234.1k
Omnia Family Wealth, LLC Sold out -188,783-188.8k
Balyasny Asset Management L.P. Reduced -169,917-169.9k
MEITAV INVESTMENT HOUSE LTD Reduced -157,300-157.3k
CITADEL ADVISORS LLC Reduced -129,332-129.3k
Venture Visionary Partners LLC Reduced -122,502-122.5k

Biggest calls

BANK OF AMERICA CORP /DE/ Added $59.1m988.4k shares
CITADEL ADVISORS LLC Added $48.0m802.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $44.5m743.7k shares
MILLENNIUM MANAGEMENT LLC Reduced $21.3m355.7k shares
CITIGROUP INC New $15.0m250.0k shares
CAPSTONE INVESTMENT ADVISORS, LLC New $15.0m250.0k shares
Squarepoint Ops LLC Reduced $13.2m220.4k shares
BARCLAYS PLC New $12.0m200.0k shares
Walleye Trading LLC Reduced $11.6m194.1k shares
K2 PRINCIPAL FUND, L.P. New $6.2m103.7k shares

Biggest puts

Elliott Investment Management L.P. New $299.1m5.0m shares
MILLENNIUM MANAGEMENT LLC Reduced $128.6m2.2m shares
CITIGROUP INC New $93.6m1.6m shares
Balyasny Asset Management L.P. Added $80.2m1.3m shares
BARCLAYS PLC New $48.2m806.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $38.8m647.7k shares
CITADEL ADVISORS LLC Added $35.7m597.5k shares
Parallax Volatility Advisers, L.P. Added $33.2m554.3k shares
Walleye Capital LLC Reduced $20.0m333.9k shares
BANK OF AMERICA CORP /DE/ Added $19.9m332.8k 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,312,1664.3m $258.0m $258.0m 0.01% Added +1.4m +1,419,853
2 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 2,940,1762.9m $175.9m $175.9m 0.02% Added +586.7k +586,663
3 BESSEMER GROUP INC 0.18% of their portfolio WOODBRIDGE, NJ 1,535,0251.5m $91.8m $91.8m 0.18% Reduced -1.2m -1,179,200
4 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,501,8191.5m $89.9m $89.9m 0.02% Added +161.8k +161,799
5 UBS Group AG 0.03% of their portfolio ZURICH, V8 1,110,1731.1m $66.4m $66.4m 0.03% Added +155.4k +155,431
6 Harel Insurance Investments & Financial Services Ltd. 1.03% of their portfolio Ramat Gan, L3 975,500975.5k $58.4m $58.4m 1.03% Unchanged
7 TWO SIGMA INVESTMENTS, LP 0.14% of their portfolio NEW YORK, NY 964,200964.2k $57.7m $57.7m 0.14% New
8 Vanderbilt University 14.40% of their portfolio NASHVILLE, TN 962,736962.7k $57.6m $57.6m 14.40% Added +1.5k +1,530
9 SCS Capital Management LLC 0.61% of their portfolio BOSTON, MA 885,238885.2k $53.0m $53.0m 0.61% Added +437.0k +436,980
10 NATIXIS 0.36% of their portfolio PARIS, I0 802,788802.8k $48.0m $48.0m 0.36% Added +2.6k +2,588
11 Balyasny Asset Management L.P. 0.12% of their portfolio Chicago, IL 717,341717.3k $42.9m $42.9m 0.12% Reduced -169.9k -169,917
12 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 619,398619.4k $37.1m $37.1m 0.02% Added +108.5k +108,476
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 574,914574.9k $34.4m $34.4m 0.00% Added +36.5k +36,482
14 Temasek Holdings (Private) Ltd 0.18% of their portfolio SINGAPORE, U0 524,000524.0k $31.4m $31.4m 0.18% Unchanged
15 EHP Funds Inc. 15.26% of their portfolio TORONTO, Z4 508,754508.8k $30.4m $30.4m 15.26% Added +308.3k +308,254
16 BARCLAYS PLC 0.02% of their portfolio LONDON, X0 488,155488.2k $29.2m $29.2m 0.02% Reduced -523.1k -523,089
17 HighTower Advisors, LLC 0.05% of their portfolio CHICAGO, IL 487,095487.1k $29.1m $29.1m 0.05% Added +90.3k +90,321
18 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 466,400466.4k $27.9m $27.9m 0.05% Reduced -62.1k -62,085
19 AFFINITY WEALTH MANAGEMENT LLC 5.34% of their portfolio WILMINGTON, DE 434,683434.7k $26.0m $26.0m 5.34% Added +41.6k +41,646
20 Quantitative Investment Management, LLC 1.45% of their portfolio CHARLOTTESVILLE, VA 421,535421.5k $25.2m $25.2m 1.45% New
21 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.04% of their portfolio Boston, MA 330,000330.0k $19.7m $19.7m 0.04% New
22 CITIGROUP INC 0.03% of their portfolio NEW YORK, NY 323,399323.4k $19.3m $19.3m 0.03% Added +133.4k +133,441
23 PRUDENTIAL PLC 0.19% of their portfolio LONDON, X0 302,716302.7k $18.1m $18.1m 0.19% Added +259.7k +259,731
24 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 285,477285.5k $17.1m $17.1m 0.00% Reduced -72.9k -72,857
25 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 275,960276.0k $16.5m $16.5m 0.02% Added +21.6k +21,564
26 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 211,981212.0k $12.7m $12.7m 0.00% Reduced -118.1k -118,106
27 CUMBERLAND ADVISORS INC 5.43% of their portfolio SARASOTA, FL 211,291211.3k $12.6m $12.6m 5.43% Added +20.2k +20,201
28 BENJAMIN F. EDWARDS & COMPANY, INC. 0.22% of their portfolio ST. LOUIS, MO 182,936182.9k $10.9m $10.9m 0.22% Added +23.9k +23,889
29 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 175,091175.1k $10.5m $10.5m 0.01% Reduced -234.1k -234,138
30 CAPITAL FUND MANAGEMENT S.A. 0.11% of their portfolio PARIS, I0 143,981144.0k $8.6m $8.6m 0.11% Reduced -41.9k -41,872
31 Paloma Partners Management Co 1.33% of their portfolio GREENWICH, CT 135,315135.3k $8.1m $8.1m 1.33% Added +110.6k +110,566
32 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 131,171131.2k $7.9m $7.9m 0.01% Added +108.8k +108,778
33 JENNISON ASSOCIATES LLC 0.01% of their portfolio NEW YORK, NY 126,318126.3k $7.6m $7.6m 0.01% Reduced -14.1k -14,145
34 Financial Sense Advisors, Inc. 2.80% of their portfolio SAN DIEGO, CA 124,036124.0k $7.4m $7.4m 2.80% Reduced -14.0k -13,977
35 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 121,509121.5k $7.3m $7.3m 0.01% Added +48.0k +47,979
36 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 120,737120.7k $7.2m $7.2m 0.01% Reduced -201 -201
37 Squarepoint Ops LLC 0.03% of their portfolio NEW YORK, NY 118,145118.1k $7.1m $7.1m 0.03% New
38 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 115,098115.1k $6.9m $6.9m 0.00% Reduced -41.2k -41,240
39 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 114,155114.2k $6.8m $6.8m 0.01% Added +79.8k +79,755
40 Legend Financial Advisors, Inc. 5.49% of their portfolio PITTSBURGH, PA 114,116114.1k $6.8m $6.8m 5.49% Added +711 +711
41 PFG Advisors 0.54% of their portfolio Phoenix, AZ 112,526112.5k $6.7m $6.7m 0.54% Added +3.9k +3,856
42 BLAIR WILLIAM & CO/IL 0.02% of their portfolio CHICAGO, IL 104,408104.4k $6.2m $6.2m 0.02% Added +38.3k +38,316
43 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 101,500101.5k $6.1m $6.1m 0.01% Added +75.1k +75,100
44 Cresset Asset Management, LLC 0.04% of their portfolio Chicago, IL 101,348101.3k $6.1m $6.1m 0.04% Reduced -2.6k -2,646
45 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 100,481100.5k $6.0m $6.0m 0.00% Added +165 +165
46 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 92,73692.7k $5.5m $5.5m 0.05% Added +157 +157
47 FORTEM FINANCIAL GROUP, LLC 2.70% of their portfolio PALM DESERT, CA 90,69090.7k $5.4m $5.4m 2.70% Added +2.3k +2,251
48 Riggs Asset Managment Co. Inc. 1.71% of their portfolio DALLAS, PA 89,95290.0k $5.4m $5.4m 1.71% Added +2.6k +2,603
49 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 89,13189.1k $5.3m $5.3m 0.00% Added +1.5k +1,454
50 Man Group plc 0.02% of their portfolio LONDON, X0 88,48188.5k $5.3m $5.3m 0.02% New
51 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.07% of their portfolio ST. LOUIS, MO 82,90982.9k $5.0m $5.0m 0.07% Added +5.2k +5,213
52 Parallax Volatility Advisers, L.P. 0.13% of their portfolio San Francisco, CA 79,55879.6k $4.8m $4.8m 0.13% Added +79.6k +79,557
53 Strategies Wealth Advisors, LLC 0.76% of their portfolio GRAND RAPIDS, MI 73,99374.0k $4.4m $4.4m 0.76% Added +1.2k +1,244
54 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 73,70173.7k $4.4m $4.4m 0.00% Reduced -2.7k -2,682
55 ARS Investment Partners, LLC 0.49% of their portfolio New York, NY 73,42073.4k $4.4m $4.4m 0.49% Added +1.7k +1,723
56 OKABENA INVESTMENT SERVICES INC 1.63% of their portfolio MINNEAPOLIS, MN 70,07070.1k $4.2m $4.2m 1.63% New
57 Private Wealth Advisors, LLC 1.79% of their portfolio Fresno, CA 69,39469.4k $4.2m $4.2m 1.79% Added +14.1k +14,138
58 FOCUS Wealth Advisors, LLC 2.63% of their portfolio HOUSTON, TX 69,36469.4k $4.2m $4.2m 2.63% Reduced -1.4k -1,367
59 Capital Wealth Planning, LLC 0.05% of their portfolio NAPLES, FL 68,29868.3k $4.1m $4.1m 0.05% New
60 SPC Financial, Inc. 0.41% of their portfolio ROCKVILLE, MD 67,44367.4k $4.0m $4.0m 0.41% Added +3.3k +3,281
61 BBJS FINANCIAL ADVISORS, LLC 1.33% of their portfolio SEATTLE, WA 64,20364.2k $3.8m $3.8m 1.33% Added +2.7k +2,675
62 Fifth Third Securities, Inc. 0.38% of their portfolio Cincinnati, OH 60,91160.9k $3.6m $3.6m 0.38% Added +16.8k +16,753
63 MERITAGE PORTFOLIO MANAGEMENT 0.24% of their portfolio OVERLAND PARK, KS 60,24460.2k $3.6m $3.6m 0.24% New
64 Merit Financial Group, LLC 0.10% of their portfolio ALPHARETTA, GA 54,82554.8k $3.3m $3.3m 0.10% Reduced -5.0k -4,991
65 Wellington Shields Capital Management, LLC 0.40% of their portfolio NEW YORK, NY 54,12954.1k $3.2m $3.2m 0.40% Added +23.1k +23,052
66 Mariner, LLC 0.01% of their portfolio Overland Park, KS 51,53251.5k $3.1m $3.1m 0.01% Added +46.7k +46,694
67 SCOTIA CAPITAL INC. 0.02% of their portfolio TORONTO, A6 50,97751.0k $3.0m $3.0m 0.02% Reduced -732 -732
68 Kapitalo Investimentos Ltda 0.59% of their portfolio SAO PAULO, D5 47,95948.0k $2.9m $2.9m 0.59% New
69 Ted Buchan & Co 2.08% of their portfolio San Diego, CA 47,78647.8k $2.9m $2.9m 2.08% Added +1.8k +1,812
70 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 47,16447.2k $2.8m $2.8m 0.02% Reduced -3.1k -3,078
71 Silver Coast Investments LLC 1.26% of their portfolio SAN DIEGO, X1 46,22246.2k $2.8m $2.8m 1.26% First filing
72 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 45,96846.0k $2.8m $2.8m 0.00% Reduced -129.3k -129,332
73 Tower Research Capital LLC (TRC) 0.03% of their portfolio NEW YORK, NY 40,99541.0k $2.5m $2.5m 0.03% Added +41.0k +40,968
74 Tactive Advisors, LLC 1.58% of their portfolio Jacksonville, FL 40,91640.9k $2.4m $2.4m 1.58% New
75 HERBST GROUP, LLC 1.56% of their portfolio WESTPORT, CT 40,57640.6k $2.4m $2.4m 1.56% Reduced -2.7k -2,742
76 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 38,94938.9k $2.3m $2.3m 0.00% Reduced -1.1k -1,054
77 SG Americas Securities, LLC 0.03% of their portfolio NEW YORK, NY 38,78738.8k $2.3m $2.3m 0.03% Added +18.5k +18,492
78 Greenline Partners, LLC 0.39% of their portfolio NEW YORK, NY 38,40438.4k $2.3m $2.3m 0.39% Added +11.3k +11,277
79 OVERSEA-CHINESE BANKING Corp Ltd 0.08% of their portfolio SINGAPORE, U0 36,77636.8k $2.2m $2.2m 0.08% Added +3.4k +3,443
80 MONTAG A & ASSOCIATES INC 0.12% of their portfolio ATLANTA, GA 36,65136.7k $2.2m $2.2m 0.12% Added +4.8k +4,806
81 Belpointe Asset Management LLC 0.19% of their portfolio RENO, NV 36,23236.2k $2.2m $2.2m 0.19% Added +32.4k +32,372
82 Veltria Advisors Corp. 0.70% of their portfolio MIAMI, FL 35,11735.1k $2.1m $2.1m 0.70% Unchanged
83 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 31,85931.9k $1.9m $1.9m 0.01% Added +4.2k +4,225
84 Pekin Hardy Strauss, Inc. 0.27% of their portfolio CHICAGO, IL 30,38030.4k $1.8m $1.8m 0.27% Reduced -350 -350
85 BOS Asset Management, LLC 1.24% of their portfolio SPRINGFIELD, IL 30,19330.2k $1.8m $1.8m 1.24% Added +3.5k +3,506
86 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 29,63929.6k $1.8m $1.8m 0.01% Reduced -3.1k -3,149
87 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 29,59229.6k $1.8m $1.8m 0.00% Reduced -185 -185
88 IHT Wealth Management, LLC 0.08% of their portfolio Chicago, IL 29,43929.4k $1.8m $1.8m 0.08% Reduced -1.6k -1,645
89 Dynamic Advisor Solutions LLC 0.06% of their portfolio PHOENIX, AZ 28,77628.8k $1.7m $1.7m 0.06% Reduced -375 -375
90 Wealthfront Advisers LLC 0.01% of their portfolio Palo Alto, CA 28,64428.6k $1.7m $1.7m 0.01% Added +153 +153
91 Great Diamond Partners, LLC 0.42% of their portfolio Portland, ME 28,63728.6k $1.7m $1.7m 0.42% Added +215 +215
92 HARBOUR INVESTMENTS, INC. 0.07% of their portfolio MADISON, WI 28,36828.4k $1.7m $1.7m 0.07% Reduced -711 -711
93 MEITAV INVESTMENT HOUSE LTD 0.02% of their portfolio BENE-BERAQ, L3 26,75926.8k $1.6m $1.6m 0.02% Reduced -157.3k -157,300
94 GTS SECURITIES LLC 0.03% of their portfolio NEW YORK, NY 26,36926.4k $1.6m $1.6m 0.03% Reduced -3.8k -3,772
95 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 25,97826.0k $1.6m $1.6m 0.00% Added +18.0k +18,005
96 Heartwood Wealth Advisors LLC 0.20% of their portfolio RICHMOND, VA 25,69725.7k $1.5m $1.5m 0.20% Unchanged
97 NAPATREE CAPITAL LLC 1.49% of their portfolio WESTERLY, RI 24,82724.8k $1.5m $1.5m 1.49% First filing
98 PINNACLE ASSOCIATES LTD 0.02% of their portfolio NEW YORK, NY 24,71324.7k $1.5m $1.5m 0.02% Reduced -205 -205
99 Snowden Capital Advisors LLC 0.05% of their portfolio New York, NY 23,82223.8k $1.4m $1.4m 0.05% Reduced -30 -30
100 Graham Capital Management, L.P. 0.04% of their portfolio ROWAYTON, CT 23,50023.5k $1.4m $1.4m 0.04% New