Vault-13

SPDR SERIES TRUST XME

S&P METALS MNG · ETP · CUSIP 78464A755

296 institutional holders +26 vs Q1 2024
26,622,56026.6m shares reported held*
$1.6bnreported value*
59 new 96 added 82 reduced 35 sold out net sold ≈ $270.3m (-4.5m 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 ($3.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $59.14. Options: 23 managers hold calls ($157.5m notional), 24 hold puts ($578.8m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 244Q4 22: 282Q1 23: 291Q2 23: 278Q3 23: 266Q4 23: 273Q1 24: 270Q2 24: 296296Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022244
Q4 2022282
Q1 2023291
Q2 2023278
Q3 2023266
Q4 2023273
Q1 2024270
Q2 2024296

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 outQ2 23: 111 bought or addedQ2 23: 157 cut or sold outQ2 23Q3 23: 118 bought or addedQ3 23: 138 cut or sold outQ4 23: 127 bought or addedQ4 23: 129 cut or sold outQ4 23Q1 24: 135 bought or addedQ1 24: 136 cut or sold outQ2 24: 155 bought or addedQ2 24: 117 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022135110
Q1 2023143136
Q2 2023111157
Q3 2023118138
Q4 2023127129
Q1 2024135136
Q2 2024155117

Calls vs puts

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

CallsPuts
$0$250m$500m$750m$1bnQ3 23 calls: $198.2mQ3 23 puts: $306.6mQ3 23P/C 1.55Q4 23 calls: $275.4mQ4 23 puts: $892.1mQ4 23P/C 3.24Q1 24 calls: $477.0mQ1 24 puts: $924.4mQ1 24P/C 1.94Q2 24 calls: $157.5mQ2 24 puts: $578.8mQ2 24P/C 3.67
Numbers
QuarterCallsPutsP/C
Q3 2023$198.2m$306.6m1.55
Q4 2023$275.4m$892.1m3.24
Q1 2024$477.0m$924.4m1.94
Q2 2024$157.5m$578.8m3.67

Biggest buyers

EHP Funds Inc. New +745,500+745.5k
Horizon Investments, LLC Added +531,250+531.2k
MEITAV INVESTMENT HOUSE LTD Added +450,000+450.0k
SCHRODER INVESTMENT MANAGEMENT GROUP New +267,367+267.4k
TWO SIGMA ADVISERS, LP New +233,000+233.0k
COMMONWEALTH EQUITY SERVICES, LLC Added +182,306+182.3k
New Harbor Financial Group, LLC New +179,176+179.2k
Cambridge Investment Research Advisors, Inc. Added +155,098+155.1k
LPL Financial LLC Added +128,573+128.6k
HRT FINANCIAL LP New +109,945+109.9k

Biggest sellers

MORGAN STANLEY Reduced -3,736,150-3.7m
JPMORGAN CHASE & CO Reduced -938,256-938.3k
SCS Capital Management LLC Reduced -453,359-453.4k
GOLDMAN SACHS GROUP INC Reduced -403,629-403.6k
Cartenna Capital, LP Sold out -400,000-400.0k
CITIGROUP INC Reduced -375,859-375.9k
UBS Group AG Reduced -337,017-337.0k
FLAGSHIP HARBOR ADVISORS, LLC Reduced -307,534-307.5k
TWO SIGMA INVESTMENTS, LP Reduced -304,600-304.6k
BNP PARIBAS FINANCIAL MARKETS Reduced -300,524-300.5k

Biggest calls

Squarepoint Ops LLC Added $28.0m471.2k shares
MILLENNIUM MANAGEMENT LLC Reduced $23.1m389.8k shares
CITADEL ADVISORS LLC Reduced $21.8m366.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $10.3m172.9k shares
Brevan Howard Capital Management LP Reduced $8.9m150.0k shares
CAPSTONE INVESTMENT ADVISORS, LLC Unchanged $7.2m121.2k shares
Balyasny Asset Management L.P. Reduced $5.9m100.1k shares
Cinctive Capital Management LP New $5.9m100.0k shares
Walleye Capital LLC Reduced $5.7m96.6k shares
WELLS FARGO & COMPANY/MN New $5.1m85.5k shares

Biggest puts

Elliott Investment Management L.P. Unchanged $296.6m5.0m shares
Balyasny Asset Management L.P. Reduced $69.5m1.2m shares
MILLENNIUM MANAGEMENT LLC Reduced $38.8m653.6k shares
Walleye Trading LLC Added $36.5m614.4k shares
Squarepoint Ops LLC Added $26.2m441.5k shares
CITADEL ADVISORS LLC Reduced $25.0m421.6k shares
Walleye Capital LLC Reduced $10.4m176.1k shares
Brevan Howard Capital Management LP New $8.9m150.0k shares
UBS Group AG Added $8.8m149.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $8.5m142.8k 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, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,296,1102.3m $136.2m $136.2m 0.01% Reduced -249.3k -249,348
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,253,3412.3m $133.7m $133.7m 0.01% Reduced -3.7m -3,736,150
3 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,688,1281.7m $100.2m $100.2m 0.02% Reduced -403.6k -403,629
4 BESSEMER GROUP INC 0.16% of their portfolio WOODBRIDGE, NJ 1,535,0251.5m $91.1m $91.1m 0.16% Unchanged
5 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,032,7321.0m $61.3m $61.3m 0.00% Reduced -938.3k -938,256
6 MEITAV INVESTMENT HOUSE LTD 1.08% of their portfolio BENE-BERAQ, L3 1,026,7591.0m $60.9m $60.9m 1.08% Added +450.0k +450,000
7 Vanderbilt University 12.00% of their portfolio NASHVILLE, TN 966,036966.0k $57.3m $57.3m 12.00% Added +1.6k +1,600
8 UBS Group AG 0.02% of their portfolio ZURICH, V8 935,667935.7k $55.5m $55.5m 0.02% Reduced -337.0k -337,017
9 Harel Insurance Investments & Financial Services Ltd. 1.05% of their portfolio Ramat Gan, L3 935,500935.5k $55.5m $55.5m 1.05% Reduced -40.0k -40,000
10 NATIXIS 0.30% of their portfolio PARIS, I0 802,788802.8k $47.6m $47.6m 0.30% Unchanged
11 EHP Funds Inc. 21.86% of their portfolio TORONTO, Z4 745,500745.5k $44.2m $44.2m 21.86% New
12 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 549,027549.0k $32.6m $32.6m 0.02% Added +128.6k +128,573
13 Horizon Investments, LLC 0.87% of their portfolio Charlotte, NC 531,270531.3k $31.5m $31.5m 0.87% Added +531.2k +531,250
14 AFFINITY WEALTH MANAGEMENT LLC 5.47% of their portfolio WILMINGTON, DE 505,187505.2k $30.0m $30.0m 5.47% Added +68.1k +68,095
15 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 489,292489.3k $29.0m $29.0m 0.04% Added +25.5k +25,549
16 OSAIC HOLDINGS, INC. 0.07% of their portfolio SCOTTSDALE, AZ 466,549466.5k $27.7m $27.7m 0.07% Reduced -9.1k -9,086
17 SCS Capital Management LLC 0.49% of their portfolio BOSTON, MA 394,709394.7k $23.4m $23.4m 0.49% Reduced -453.4k -453,359
18 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 380,100380.1k $22.6m $22.6m 0.01% Added +34.2k +34,204
19 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 295,778295.8k $17.5m $17.5m 0.03% Added +182.3k +182,306
20 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 267,367267.4k $15.9m $15.9m 0.02% New
21 TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio NEW YORK, NY 259,300259.3k $15.4m $15.4m 0.04% Reduced -304.6k -304,600
22 MIRAE ASSET SECURITIES (USA) INC. 0.95% of their portfolio NEW YORK, NY 250,000250.0k $14.8m $14.8m 0.95% First filing
23 TWO SIGMA ADVISERS, LP 0.03% of their portfolio NEW YORK, NY 233,000233.0k $13.8m $13.8m 0.03% New
24 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 214,671214.7k $12.7m $12.7m 0.01% Reduced -169.7k -169,730
25 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 210,425210.4k $12.5m $12.5m 0.00% Added +10.2k +10,203
26 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 188,637188.6k $11.2m $11.2m 0.04% Added +155.1k +155,098
27 New Harbor Financial Group, LLC 3.54% of their portfolio WORCESTER, MA 179,176179.2k $10.6m $10.6m 3.54% New
28 BBJS FINANCIAL ADVISORS, LLC 3.86% of their portfolio SEATTLE, WA 174,702174.7k $10.4m $10.4m 3.86% Added +46.7k +46,735
29 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 174,542174.5k $10.4m $10.4m 0.00% Added +77.3k +77,262
30 JENNISON ASSOCIATES LLC 0.01% of their portfolio NEW YORK, NY 164,075164.1k $9.7m $9.7m 0.01% Added +20.6k +20,602
31 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 160,354160.4k $9.5m $9.5m 0.01% Reduced -375.9k -375,859
32 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 145,637145.6k $8.6m $8.6m 0.05% Added +32.4k +32,384
33 PFG Advisors 0.56% of their portfolio Phoenix, AZ 139,261139.3k $8.3m $8.3m 0.56% Added +1.2k +1,211
34 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 132,317132.3k $7.9m $7.9m 0.00% Added +39.0k +38,959
35 Csenge Advisory Group 0.41% of their portfolio CLEARWATER, FL 123,156123.2k $7.3m $7.3m 0.41% Added +6.4k +6,356
36 Legend Financial Advisors, Inc. 4.87% of their portfolio PITTSBURGH, PA 115,804115.8k $6.9m $6.9m 4.87% Reduced -361 -361
37 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 115,658115.7k $6.9m $6.9m 0.01% Added +102.1k +102,123
38 GTS SECURITIES LLC 0.14% of their portfolio NEW YORK, NY 109,955110.0k $6.5m $6.5m 0.14% Added +95.2k +95,244
39 HRT FINANCIAL LP 0.04% of their portfolio NEW YORK, NY 109,945109.9k $6.5m $6.5m 0.04% New
40 Squarepoint Ops LLC 0.02% of their portfolio NEW YORK, NY 109,175109.2k $6.5m $6.5m 0.02% New
41 Concentric Capital Strategies, LP 0.40% of their portfolio Stamford, CT 107,138107.1k $6.4m $6.4m 0.40% New
42 Mariner, LLC 0.01% of their portfolio Overland Park, KS 105,419105.4k $6.3m $6.3m 0.01% Added +19.1k +19,134
43 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 100,026100.0k $5.9m $5.9m 0.01% Added +14.3k +14,326
44 Walleye Trading LLC 0.12% of their portfolio NEW YORK, NY 99,79199.8k $5.9m $5.9m 0.12% Added +74.3k +74,331
45 Cresset Asset Management, LLC 0.02% of their portfolio Chicago, IL 99,15299.2k $5.9m $5.9m 0.02% Added +3.7k +3,693
46 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 99,04399.0k $5.9m $5.9m 0.01% Reduced -300.5k -300,524
47 Riggs Asset Managment Co. Inc. 1.75% of their portfolio DALLAS, PA 98,98699.0k $5.9m $5.9m 1.75% Added +4.8k +4,761
48 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 96,89396.9k $5.7m $5.7m 0.00% New
49 FORTEM FINANCIAL GROUP, LLC 2.33% of their portfolio PALM DESERT, CA 91,25091.2k $5.4m $5.4m 2.33% Reduced -1.7k -1,709
50 Tradewinds, LLC. 1.63% of their portfolio RALEIGH, NC 89,45289.5k $5.3m $5.3m 1.63% New
51 Allianz SE 0.15% of their portfolio Munich, 2M 84,57084.6k $5.0m $5.0m 0.15% Added +7.0k +7,000
52 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 82,28982.3k $4.9m $4.9m 0.01% Added +25.2k +25,169
53 ARS Investment Partners, LLC 0.47% of their portfolio New York, NY 82,16982.2k $4.9m $4.9m 0.47% Added +3.9k +3,916
54 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 81,66181.7k $4.8m $4.8m 0.00% Added +43.9k +43,877
55 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 80,41680.4k $4.8m $4.8m 0.00% Reduced -1.4k -1,450
56 FOCUS Wealth Advisors, LLC 2.44% of their portfolio HOUSTON, TX 80,23280.2k $4.8m $4.8m 2.44% Added +2.7k +2,683
57 Fifth Third Securities, Inc. 0.43% of their portfolio Cincinnati, OH 78,13778.1k $4.6m $4.6m 0.43% Added +718 +718
58 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 78,05178.1k $4.6m $4.6m 0.01% Reduced -27.3k -27,311
59 PRUDENTIAL PLC 0.03% of their portfolio LONDON, X0 77,56077.6k $4.6m $4.6m 0.03% Added +26.7k +26,700
60 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 76,64876.6k $4.5m $4.5m 0.00% Reduced -89.6k -89,596
61 Family Firm, Inc. 0.36% of their portfolio BETHESDA, MD 76,57576.6k $1.6m $1.6m 0.36% Added +51.4k +51,360
62 SPC Financial, Inc. 0.41% of their portfolio ROCKVILLE, MD 74,83974.8k $4.4m $4.4m 0.41% Added +3.6k +3,588
63 CUMBERLAND ADVISORS INC 1.71% of their portfolio SARASOTA, FL 70,53670.5k $4.2m $4.2m 1.71% Added +25.7k +25,705
64 OKABENA INVESTMENT SERVICES INC 1.32% of their portfolio MINNEAPOLIS, MN 70,07070.1k $4.2m $4.2m 1.32% Unchanged
65 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 66,80066.8k $4.0m $4.0m 0.01% Reduced -53.7k -53,655
66 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 64,98965.0k $3.9m $3.9m 0.01% Added +27.8k +27,825
67 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 63,78363.8k $3.8m $3.8m 0.01% Added +7.0k +6,979
68 Wellington Shields Capital Management, LLC 0.68% of their portfolio NEW YORK, NY 62,59862.6k $3.7m $3.7m 0.68% Added +2.9k +2,908
69 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 62,15462.2k $3.7m $3.7m 0.00% New
70 Ted Buchan & Co 1.96% of their portfolio San Diego, CA 61,50661.5k $3.6m $3.6m 1.96% Added +10.8k +10,762
71 Black Swift Group, LLC 0.83% of their portfolio BOULDER, CO 60,24060.2k $3.6m $3.6m 0.83% Added +15.2k +15,240
72 Yong Rong (HK) Asset Management Ltd 1.23% of their portfolio SHEUNG WAN, K3 60,00060.0k $3.6m $3.6m 1.23% New
73 Deane Retirement Strategies, Inc. 1.81% of their portfolio NEW ORLEANS, LA 59,87259.9k $3.5m $3.5m 1.81% New
74 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 53,13253.1k $3.2m $3.2m 0.02% Added +20.7k +20,658
75 OMERS ADMINISTRATION Corp 0.03% of their portfolio TORONTO, A6 52,60052.6k $3.1m $3.1m 0.03% New
76 SCOTIA CAPITAL INC. 0.02% of their portfolio TORONTO, A6 52,10852.1k $3.1m $3.1m 0.02% Added +3.2k +3,240
77 Private Wealth Advisors, LLC 1.35% of their portfolio Fresno, CA 51,51051.5k $3.1m $3.1m 1.35% Reduced -16.2k -16,197
78 Veltria Advisors Corp. 1.06% of their portfolio MIAMI, FL 49,89749.9k $3.0m $3.0m 1.06% Added +14.8k +14,780
79 Silver Coast Investments LLC 1.15% of their portfolio SAN DIEGO, X1 47,32347.3k $2.8m $2.8m 1.15% Reduced -1.9k -1,932
80 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.03% of their portfolio Madrid, U3 47,15047.1k $2.8m $2.8m 0.03% New
81 Capital Wealth Planning, LLC 0.03% of their portfolio NAPLES, FL 46,79446.8k $2.8m $2.8m 0.03% Reduced -40.8k -40,807
82 BOS Asset Management, LLC 1.27% of their portfolio SPRINGFIELD, IL 46,62246.6k $2.8m $2.8m 1.27% Reduced -9.9k -9,931
83 Lake Hills Wealth Management, LLC 1.97% of their portfolio AUSTIN, TX 46,14946.1k $2.7m $2.7m 1.97% Added +12.2k +12,181
84 TUDOR INVESTMENT CORP ET AL 0.03% of their portfolio STAMFORD, CT 46,08346.1k $2.7m $2.7m 0.03% New
85 MGO ONE SEVEN LLC 0.12% of their portfolio Beachwood, OH 43,90343.9k $2.6m $2.6m 0.12% New
86 Strategic Financial Concepts, LLC 0.00% of their portfolio SAN ANTONIO, TX 43,28143.3k $700 $700 0.00% New
87 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 39,60039.6k $2.3m $2.3m 0.00% Reduced -11.2k -11,200
88 HERBST GROUP, LLC 1.40% of their portfolio WESTPORT, CT 38,77638.8k $2.3m $2.3m 1.40% Reduced -870 -870
89 Bridge Advisory, LLC 1.13% of their portfolio PASADENA, CA 38,50938.5k $2.3m $2.3m 1.13% Reduced -2.5k -2,524
90 Greenline Partners, LLC 0.35% of their portfolio NEW YORK, NY 38,40438.4k $2.3m $2.3m 0.35% Unchanged
91 HAP Trading, LLC 0.96% of their portfolio NEW YORK, NY 36,93036.9k $2.2m $2.2m 0.96% Added +20.3k +20,337
92 OVERSEA-CHINESE BANKING Corp Ltd 0.07% of their portfolio SINGAPORE, U0 36,77636.8k $2.2m $2.2m 0.07% Unchanged
93 CAPITAL MANAGEMENT ASSOCIATES /NY/ 2.55% of their portfolio NEW YORK, NY 36,31336.3k $2.2m $2.2m 2.55% Added +21.8k +21,839
94 CIBC WORLD MARKETS CORP 0.01% of their portfolio NEW YORK, NY 35,00035.0k $2.1m $2.1m 0.01% New
95 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 34,11834.1k $2.0m $2.0m 0.01% Reduced -34 -34
96 HERITAGE OAK WEALTH ADVISORS LLC 1.02% of their portfolio SANTA ROSA BEACH, FL 33,89033.9k $2.0m $2.0m 1.02% First filing
97 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 31,82331.8k $1.9m $1.9m 0.01% Reduced -11.3k -11,323
98 Wealthfront Advisers LLC 0.01% of their portfolio Palo Alto, CA 31,42931.4k $1.9m $1.9m 0.01% Added +1.5k +1,524
99 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 30,59230.6k $1.8m $1.8m 0.00% Added +1.4k +1,398
100 MONTAG A & ASSOCIATES INC 0.09% of their portfolio ATLANTA, GA 30,20130.2k $1.8m $1.8m 0.09% Unchanged