Vault-13

SPDR SERIES TRUST XME

S&P METALS MNG · ETP · CUSIP 78464A755

423 institutional holders +46 vs Q4 2025
28,371,84328.4m shares reported held*
$3.1bnreported value*
113 new 131 added 107 reduced 67 sold out net bought ≈ $557.3m (+5.2m 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 ($390.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $108.08. Options: 17 managers hold calls ($424.2m notional), 18 hold puts ($522.0m).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 244Q4 22: 282Q1 23: 291Q2 23: 278Q3 23: 266Q4 23: 273Q1 24: 270Q2 24: 296Q3 24: 259Q4 24: 277Q1 25: 260Q2 25: 267Q3 25: 316Q4 25: 377Q1 26: 423423Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 2022244
Q4 2022282
Q1 2023291
Q2 2023278
Q3 2023266
Q4 2023273
Q1 2024270
Q2 2024296
Q3 2024259
Q4 2024277
Q1 2025260
Q2 2025267
Q3 2025316
Q4 2025377
Q1 2026423

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 24: 155 bought or addedQ2 24: 117 cut or sold outQ3 24: 84 bought or addedQ3 24: 179 cut or sold outQ3 24Q4 24: 135 bought or addedQ4 24: 97 cut or sold outQ1 25: 110 bought or addedQ1 25: 143 cut or sold outQ1 25Q2 25: 115 bought or addedQ2 25: 130 cut or sold outQ3 25: 169 bought or addedQ3 25: 108 cut or sold outQ3 25Q4 25: 198 bought or addedQ4 25: 148 cut or sold outQ1 26: 244 bought or addedQ1 26: 174 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024155117
Q3 202484179
Q4 202413597
Q1 2025110143
Q2 2025115130
Q3 2025169108
Q4 2025198148
Q1 2026244174

Calls vs puts

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

CallsPuts
$0$250m$500m$750m$1bnQ2 25 calls: $250.4mQ2 25 puts: $526.8mQ2 25P/C 2.10Q3 25 calls: $437.0mQ3 25 puts: $860.2mQ3 25P/C 1.97Q4 25 calls: $863.0mQ4 25 puts: $990.7mQ4 25P/C 1.15Q1 26 calls: $424.2mQ1 26 puts: $522.0mQ1 26P/C 1.23
Numbers
QuarterCallsPutsP/C
Q2 2025$250.4m$526.8m2.10
Q3 2025$437.0m$860.2m1.97
Q4 2025$863.0m$990.7m1.15
Q1 2026$424.2m$522.0m1.23

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +5,697,852+5.7m
Migdal Insurance & Financial Holdings Ltd. New +830,230+830.2k
D. E. Shaw & Co., Inc. Added +777,383+777.4k
Woodline Partners LP Added +518,713+518.7k
Qube Research & Technologies Ltd Added +320,916+320.9k
MORGAN STANLEY Added +223,176+223.2k
HSBC HOLDINGS PLC New +164,561+164.6k
RAYMOND JAMES FINANCIAL INC Added +144,874+144.9k
BARCLAYS PLC Added +136,701+136.7k
LPL Financial LLC Added +113,750+113.8k

Biggest sellers

BNP PARIBAS FINANCIAL MARKETS Reduced -1,148,273-1.1m
UBS Group AG Reduced -1,143,462-1.1m
BANK OF NOVA SCOTIA Reduced -691,035-691.0k
CITIGROUP INC Reduced -387,058-387.1k
WELLS FARGO & COMPANY/MN Reduced -308,930-308.9k
Vanderbilt University Reduced -252,145-252.1k
SCHRODER INVESTMENT MANAGEMENT GROUP Sold out -156,000-156.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -129,195-129.2k
Condire Management, LP Sold out -122,451-122.5k
Harel Insurance Investments & Financial Services Ltd. Reduced -107,500-107.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $88.4m818.5k shares
CITADEL ADVISORS LLC Reduced $85.1m788.1k shares
CITIGROUP INC New $63.8m590.8k shares
PEAK6 LLC Reduced $38.4m355.7k shares
JANE STREET GROUP, LLC Added $34.7m321.7k shares
UBS Group AG Reduced $26.9m249.4k shares
Walleye Trading LLC Added $16.8m155.8k shares
MILLENNIUM MANAGEMENT LLC Reduced $16.2m150.4k shares
Caption Management, LLC Reduced $15.6m144.0k shares
Squarepoint Ops LLC Reduced $9.9m91.6k shares

Biggest puts

JANE STREET GROUP, LLC Reduced $119.4m1.1m shares
Elliott Investment Management L.P. Unchanged $97.2m900.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $72.8m674.0k shares
Squarepoint Ops LLC Added $53.2m492.2k shares
UBS Group AG Reduced $40.2m372.6k shares
CITADEL ADVISORS LLC Reduced $29.7m274.8k shares
MILLENNIUM MANAGEMENT LLC Reduced $24.3m225.0k shares
Parallax Volatility Advisers, L.P. Added $20.3m173.2k shares
Walleye Trading LLC Reduced $19.5m180.7k shares
Caption Management, LLC Reduced $14.0m129.4k 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 BANK OF AMERICA CORP /DE/ 0.06% of their portfolio CHARLOTTE, NC 7,579,7217.6m $818.7m $818.7m 0.06% Added +5.7m +5,697,852
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 2,688,6942.7m $290.4m $290.4m 0.02% Added +223.2k +223,176
3 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,164,7031.2m $125.8m $125.8m 0.02% Added +10.1k +10,149
4 D. E. Shaw & Co., Inc. 0.08% of their portfolio New York, NY 902,693902.7k $97.5m $97.5m 0.08% Added +777.4k +777,383
5 Migdal Insurance & Financial Holdings Ltd. 0.78% of their portfolio Petach Tikva, L3 830,230830.2k $89.7m $89.7m 0.78% New
6 Harel Insurance Investments & Financial Services Ltd. 0.60% of their portfolio Ramat Gan, L3 814,000814.0k $87.9m $87.9m 0.60% Reduced -107.5k -107,500
7 MEITAV INVESTMENT HOUSE LTD 0.87% of their portfolio BENE-BERAQ, L3 736,863736.9k $79.6m $79.6m 0.87% Reduced -102.2k -102,241
8 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 722,429722.4k $78.0m $78.0m 0.02% Added +113.8k +113,750
9 Vanderbilt University 14.80% of their portfolio NASHVILLE, TN 721,414721.4k $77.9m $77.9m 14.80% Reduced -252.1k -252,145
10 BARCLAYS PLC 0.03% of their portfolio LONDON, X0 659,107659.1k $71.2m $71.2m 0.03% Added +136.7k +136,701
11 Woodline Partners LP 0.23% of their portfolio San Francisco, CA 568,496568.5k $61.4m $61.4m 0.23% Added +518.7k +518,713
12 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 551,827551.8k $59.6m $59.6m 0.02% Added +144.9k +144,874
13 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 461,621461.6k $49.9m $49.9m 0.01% Reduced -308.9k -308,930
14 NATIXIS 0.19% of their portfolio PARIS, I0 449,426449.4k $48.5m $48.5m 0.19% Reduced -4.2k -4,209
15 UBS Group AG 0.01% of their portfolio ZURICH, V8 353,345353.3k $38.2m $38.2m 0.01% Reduced -1.1m -1,143,462
16 Qube Research & Technologies Ltd 0.05% of their portfolio LONDON, X0 345,016345.0k $37.3m $37.3m 0.05% Added +320.9k +320,916
17 BANK OF NOVA SCOTIA 0.07% of their portfolio TORONTO, A6 344,037344.0k $37.2m $37.2m 0.07% Reduced -691.0k -691,035
18 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 286,381286.4k $30.9m $30.9m 0.01% Added +24.3k +24,319
19 SCS Capital Management LLC 0.33% of their portfolio BOSTON, MA 284,674284.7k $30.7m $30.7m 0.33% Reduced -23.0k -22,973
20 WESTWOOD HOLDINGS GROUP INC 0.20% of their portfolio DALLAS, TX 253,845253.8k $27.4m $27.4m 0.20% Added +113.4k +113,366
21 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 253,815253.8k $27.4m $27.4m 0.03% Reduced -32.0k -32,037
22 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 231,737231.7k $25.0m $25.0m 0.01% Added +107.6k +107,600
23 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 229,439229.4k $24.8m $24.8m 0.02% Reduced -1.1m -1,148,273
24 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.04% of their portfolio TORONTO, A6 200,000200.0k $21.6m $21.6m 0.04% Unchanged
25 SMI Advisory Services, LLC 3.28% of their portfolio COLUMBUS, IN 180,486180.5k $19.9m $19.9m 3.28% Added +69.3k +69,279
26 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 164,561164.6k $17.7m $17.7m 0.01% New
27 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 148,656148.7k $16.1m $16.1m 0.01% Added +45.3k +45,271
28 POTOMAC FUND MANAGEMENT INC /ADV 0.54% of their portfolio BETHESDA, MD 144,400144.4k $15.6m $15.6m 0.54% Added +12.8k +12,767
29 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 131,884131.9k $14.2m $14.2m 0.02% Added +11.5k +11,469
30 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 123,569123.6k $13.3m $13.3m 0.03% Added +72.4k +72,419
31 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 116,959117.0k $12.6m $12.6m 0.01% Reduced -387.1k -387,058
32 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 115,631115.6k $12.5m $12.5m 0.02% Added +36.0k +35,991
33 Jefferies Financial Group Inc. 0.14% of their portfolio NEW YORK, NY 104,700104.7k $11.3m $11.3m 0.14% New
34 Allianz SE 0.12% of their portfolio Munich, 2M 101,270101.3k $10.9m $10.9m 0.12% Added +15.5k +15,500
35 Private Advisor Group, LLC 0.05% of their portfolio MORRISTOWN, NJ 100,758100.8k $10.9m $10.9m 0.05% Reduced -14.1k -14,109
36 Mivtachim The Workers Social Insurance Fund Ltd. (Under Special Management) 1.33% of their portfolio Tel Aviv, L3 97,00097.0k $10.5m $10.5m 1.33% New
37 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 96,83996.8k $10.5m $10.5m 0.01% Reduced -8.8k -8,804
38 Wellington Shields Capital Management, LLC 1.55% of their portfolio NEW YORK, NY 95,85095.8k $10.4m $10.4m 1.55% Added +36.5k +36,509
39 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 84,34784.3k $9.1m $9.1m 0.01% Added +4.4k +4,353
40 CWM, LLC 0.02% of their portfolio OMAHA, NE 83,78783.8k $9.0m $9.0m 0.02% Reduced -106.1k -106,069
41 FORTEM FINANCIAL GROUP, LLC 2.24% of their portfolio PALM DESERT, CA 82,82682.8k $8.9m $8.9m 2.24% Reduced -24.4k -24,446
42 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 79,53179.5k $8.6m $8.6m 0.01% Reduced -11.3k -11,294
43 Squarepoint Ops LLC 0.02% of their portfolio NEW YORK, NY 77,19077.2k $8.3m $8.3m 0.02% New
44 FOCUS Wealth Advisors, LLC 3.75% of their portfolio HOUSTON, TX 70,97571.0k $7.7m $7.7m 3.75% Reduced -4.0k -4,029
45 Cresset Asset Management, LLC 0.03% of their portfolio Chicago, IL 70,79670.8k $7.6m $7.6m 0.03% Added +7.9k +7,939
46 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 69,54169.5k $7.5m $7.5m 0.00% Added +38.6k +38,578
47 JENNISON ASSOCIATES LLC 0.01% of their portfolio NEW YORK, NY 67,89867.9k $7.3m $7.3m 0.01% Reduced -14.8k -14,810
48 University of Illinois Foundation 1.48% of their portfolio CHAMPAIGN, IL 66,74466.7k $7.2m $7.2m 1.48% New
49 Quantitative Investment Management, LLC 0.75% of their portfolio CHARLOTTESVILLE, VA 66,59266.6k $7.2m $7.2m 0.75% New
50 Legend Financial Advisors, Inc. 4.59% of their portfolio PITTSBURGH, PA 65,92365.9k $7.1m $7.1m 4.59% Reduced -26.4k -26,395
51 OKABENA INVESTMENT SERVICES INC 1.36% of their portfolio MINNEAPOLIS, MN 65,38765.4k $7.1m $7.1m 1.36% Unchanged
52 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 64,77564.8k $7.0m $7.0m 0.00% Added +33.1k +33,112
53 Brandywine Financial Group 5.86% of their portfolio THOMPSONS STATION, TN 63,93663.9k $6.9m $6.9m 5.86% Added +63.8k +63,822
54 EVOKE WEALTH, LLC 0.12% of their portfolio Los Angeles, CA 62,50862.5k $6.8m $6.8m 0.12% Added +1.5k +1,477
55 Ted Buchan & Co 2.44% of their portfolio San Diego, CA 62,24662.2k $6.7m $6.7m 2.44% Reduced -13.7k -13,714
56 Wealthfront Advisers LLC 0.01% of their portfolio Palo Alto, CA 61,78061.8k $6.7m $6.7m 0.01% Added +7.4k +7,385
57 Parallax Volatility Advisers, L.P. 0.32% of their portfolio San Francisco, CA 60,98961.0k $7.2m $7.2m 0.32% Added +61.0k +60,988
58 FIDUCIARY FINANCIAL GROUP, LLC 0.84% of their portfolio SAN RAFAEL, CA 58,99759.0k $6.4m $6.4m 0.84% New
59 VESTOR CAPITAL, LLC 0.45% of their portfolio CHICAGO, IL 57,87857.9k $6.3m $6.3m 0.45% New
60 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 57,11957.1k $6.2m $6.2m 0.01% Reduced -6.7k -6,726
61 Beacon Pointe Advisors, LLC 0.03% of their portfolio NEWPORT BEACH, CA 54,90854.9k $5.9m $5.9m 0.03% Reduced -4.1k -4,085
62 Riggs Asset Managment Co. Inc. 1.21% of their portfolio DALLAS, PA 54,26854.3k $5.9m $5.9m 1.21% Added +50.0k +50,034
63 Mariner, LLC 0.01% of their portfolio Overland Park, KS 51,67151.7k $5.6m $5.6m 0.01% Added +2.6k +2,589
64 Chicago Wealth Management, Inc. 2.22% of their portfolio CHICAGO, IL 51,52951.5k $5.6m $5.6m 2.22% Added +25.8k +25,790
65 Norris Financial Group, LLC 1.77% of their portfolio GREENVILLE, SC 50,18850.2k $5.4m $5.4m 1.77% Reduced -36 -36
66 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 50,02750.0k $5.4m $5.4m 0.01% Added +18.2k +18,228
67 Graham Capital Management, L.P. 0.16% of their portfolio ROWAYTON, CT 45,00045.0k $4.9m $4.9m 0.16% New
68 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 44,60044.6k $4.8m $4.8m 0.01% New
69 Jaffetilchin Investment Partners, LLC 0.29% of their portfolio TAMPA, FL 44,48844.5k $4.8m $4.8m 0.29% Reduced -8.7k -8,690
70 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 43,22343.2k $4.5m $4.5m 0.00% Added +5.4k +5,395
71 180 WEALTH ADVISORS, LLC 0.52% of their portfolio FEDERAL WAY, WA 42,62942.6k $4.6m $4.6m 0.52% Added +3.8k +3,754
72 Hilltop Holdings Inc. 0.41% of their portfolio DALLAS, TX 42,26542.3k $4.6m $4.6m 0.41% Added +12.8k +12,767
73 Amitell Capital Pte Ltd 7.23% of their portfolio SINGAPORE, U0 41,75541.8k $4.5m $4.5m 7.23% Reduced -9.8k -9,818
74 SCOTIA CAPITAL INC. 0.02% of their portfolio TORONTO, A6 41,13641.1k $4.4m $4.4m 0.02% New
75 Meridian Wealth Management, LLC 0.16% of their portfolio LEXINGTON, KY 40,83840.8k $4.4m $4.4m 0.16% Added +13.3k +13,337
76 Dynamic Advisor Solutions LLC 0.14% of their portfolio PHOENIX, AZ 40,58140.6k $4.4m $4.4m 0.14% Reduced -2.4k -2,421
77 HERBST GROUP, LLC 2.70% of their portfolio WESTPORT, CT 40,50240.5k $4.4m $4.4m 2.70% Reduced -20.7k -20,699
78 TCP Asset Management, LLC 0.56% of their portfolio Upper Arlington, OH 40,38340.4k $4.4m $4.4m 0.56% New
79 Greenline Partners, LLC 0.46% of their portfolio NEW YORK, NY 39,81739.8k $4.3m $4.3m 0.46% Reduced -795 -795
80 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 38,86938.9k $4.2m $4.2m 0.00% Reduced -675 -675
81 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 38,80038.8k $4.2m $4.2m 0.01% Unchanged
82 ARS Investment Partners, LLC 0.22% of their portfolio New York, NY 38,46038.5k $4.2m $4.2m 0.22% Reduced -4.7k -4,667
83 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 38,13238.1k $4.1m $4.1m 0.01% Added +8.5k +8,484
84 Proficio Capital Partners LLC 0.22% of their portfolio NEWTON, MA 38,07538.1k $4.1m $4.1m 0.22% New
85 HARBOUR INVESTMENTS, INC. 0.06% of their portfolio MADISON, WI 36,17136.2k $3.9m $3.9m 0.06% Added +13.0k +13,049
86 Royal Fund Management, LLC 0.19% of their portfolio Lady Lake, FL 35,76235.8k $2.0m $2.0m 0.19% Added +8.0k +8,009
87 Fosun International Ltd 0.90% of their portfolio HONG KONG, F4 33,05933.1k $3.6m $3.6m 0.90% New
88 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 32,29232.3k $3.5m $3.5m 0.02% Added +27.0k +26,996
89 Silver Coast Investments LLC 1.11% of their portfolio SAN DIEGO, X1 32,20632.2k $3.5m $3.5m 1.11% Reduced -620 -620
90 Penserra Capital Management LLC 0.04% of their portfolio ORINDA, CA 31,78631.8k $3.4m $3.4m 0.04% New
91 TD Waterhouse Canada Inc. 0.01% of their portfolio TORONTO, A6 31,59531.6k $3.5m $3.5m 0.01% Added +9.0k +8,955
92 Advocate Investing Services LLC 2.86% of their portfolio WOODBINE, MD 31,24231.2k $3.4m $3.4m 2.86% Reduced -84 -84
93 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 31,00731.0k $3.3m $3.3m 0.01% New
94 Caption Management, LLC 0.16% of their portfolio OKLAHOMA CITY, OK 30,98431.0k $3.3m $3.3m 0.16% Reduced -21.4k -21,416
95 Private Wealth Advisors, LLC 0.94% of their portfolio Fresno, CA 30,90130.9k $3.3m $3.3m 0.94% Reduced -7.8k -7,777
96 Arch Global Advisors, LLC 1.73% of their portfolio NEW YORK, NY 30,77930.8k $3.3m $3.3m 1.73% First filing
97 Baker Avenue Asset Management, LP 0.08% of their portfolio SAN FRANCISCO, CA 30,48030.5k $3.3m $3.3m 0.08% Added +549 +549
98 PARK AVENUE SECURITIES LLC 0.03% of their portfolio NEW YORK, NY 30,32930.3k $3.3m $3.3m 0.03% New
99 Compagnie Lombard Odier SCmA 0.04% of their portfolio 1204 GENEVA, V8 28,07528.1k $3.0m $3.0m 0.04% Reduced -2.4k -2,425
100 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 27,87327.9k $3.0m $3.0m 0.00% Reduced -1.5k -1,522