Vault-13

SPDR SER TR KCE

S&P CAP MKTS · ETP · CUSIP 78464A771

118 institutional holders -7 vs Q1 2025
2,587,5472.6m shares reported held*
$374.9mreported value*
11 new 32 added 46 reduced 19 sold out net sold ≈ $23.0m (-158.9k 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 ≈ $144.90.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 47Q4 22: 49Q1 23: 48Q2 23: 46Q3 23: 62Q4 23: 83Q1 24: 80Q2 24: 89Q3 24: 106Q4 24: 131Q1 25: 125Q2 25: 118118Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202247
Q4 202249
Q1 202348
Q2 202346
Q3 202362
Q4 202383
Q1 202480
Q2 202489
Q3 2024106
Q4 2024131
Q1 2025125
Q2 2025118

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 39 bought or addedQ3 23: 19 cut or sold outQ4 23: 45 bought or addedQ4 23: 31 cut or sold outQ4 23Q1 24: 45 bought or addedQ1 24: 42 cut or sold outQ2 24: 47 bought or addedQ2 24: 34 cut or sold outQ2 24Q3 24: 51 bought or addedQ3 24: 40 cut or sold outQ4 24: 84 bought or addedQ4 24: 41 cut or sold outQ4 24Q1 25: 61 bought or addedQ1 25: 58 cut or sold outQ2 25: 43 bought or addedQ2 25: 65 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20233919
Q4 20234531
Q1 20244542
Q2 20244734
Q3 20245140
Q4 20248441
Q1 20256158
Q2 20254365

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ3 24 calls: $661.9kQ3 24 puts: $874.2kQ3 24P/C 1.32Q4 24 calls: $1.3mQ4 24 puts: $440.6kQ4 24P/C 0.33Q1 25 calls: $681.3kQ1 25 puts: $25.2kQ1 25P/C 0.04Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —
Numbers
QuarterCallsPutsP/C
Q3 2024$661.9k$874.2k1.32
Q4 2024$1.3m$440.6k0.33
Q1 2025$681.3k$25.2k0.04
Q2 2025$0$0—

Biggest buyers

Thrivent Financial for Lutherans New +99,019+99.0k
GRIMES & Co WEALTH MANAGEMENT, LLC New +53,775+53.8k
Fluent Financial, LLC New +20,292+20.3k
ROYAL BANK OF CANADA Added +18,946+18.9k
GTS SECURITIES LLC New +14,397+14.4k
AVANTAX ADVISORY SERVICES, INC. New +4,614+4.6k
360 Financial, Inc. Added +4,200+4.2k
GOLDMAN SACHS GROUP INC Added +2,150+2.1k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +2,053+2.1k
VICUS CAPITAL Added +2,046+2.0k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -111,767-111.8k
MORGAN STANLEY Reduced -68,312-68.3k
Good Life Advisors, LLC Sold out -29,948-29.9k
IMC-Chicago, LLC Reduced -29,611-29.6k
Merit Financial Group, LLC Reduced -28,899-28.9k
LPL Financial LLC Reduced -19,330-19.3k
Whalen Wealth Management Inc. Sold out -17,019-17.0k
Fisher Asset Management, LLC Reduced -14,191-14.2k
Tower Research Capital LLC (TRC) Reduced -8,242-8.2k
Financial Management Professionals, Inc. Sold out -7,379-7.4k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 604,363604.4k $87.6m $87.6m 0.01% Reduced -111.8k -111,767
2 MEITAV INVESTMENT HOUSE LTD 0.51% of their portfolio BENE-BERAQ, L3 262,315262.3k $38.0m $38.0m 0.51% Added +28 +28
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 225,991226.0k $32.8m $32.8m 0.00% Reduced -68.3k -68,312
4 Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD 1.45% of their portfolio Tel Aviv, L3 138,163138.2k $20.0m $20.0m 1.45% Unchanged
5 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 131,811131.8k $19.1m $19.1m 0.01% Reduced -19.3k -19,330
6 360 Financial, Inc. 4.69% of their portfolio WAYZATA, MN 102,569102.6k $14.9m $14.9m 4.69% Added +4.2k +4,200
7 UBS Group AG 0.00% of their portfolio ZURICH, V8 99,81799.8k $14.5m $14.5m 0.00% Reduced -2.8k -2,750
8 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 99,01999.0k $14.4m $14.4m 0.03% New
9 GRIMES & Co WEALTH MANAGEMENT, LLC 0.21% of their portfolio WESTBOROUGH, MA 53,77553.8k $7.8m $7.8m 0.21% New
10 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 51,46951.5k $7.5m $7.5m 0.00% Reduced -14.2k -14,191
11 Royal Fund Management, LLC 0.77% of their portfolio Lady Lake, FL 49,81749.8k $7.2m $7.2m 0.77% Added +1.3k +1,258
12 Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD 1.52% of their portfolio Tel Aviv, L3 47,68747.7k $6.9m $6.9m 1.52% Unchanged
13 NOTTINGHAM ADVISORS, INC. 0.95% of their portfolio AMHERST, NY 44,11844.1k $6.4m $6.4m 0.95% Added +184 +184
14 Baker Avenue Asset Management, LP 0.12% of their portfolio SAN FRANCISCO, CA 29,85929.9k $4.3m $4.3m 0.12% Added +1.2k +1,207
15 TigerOak Management, L.L.C. 1.41% of their portfolio NASHVILLE, TN 28,34028.3k $4.1m $4.1m 1.41% Reduced -375 -375
16 Provident Co of the Employees of the Hebrew University LTD 4.00% of their portfolio Jerusalem, L3 27,65127.7k $4.0m $4.0m 4.00% Unchanged
17 Cavalier Investments, LLC 1.16% of their portfolio ALPHARETTA, GA 26,32826.3k $3.8m $3.8m 1.16% Unchanged
18 VICUS CAPITAL 0.30% of their portfolio STATE COLLEGE, PA 25,03925.0k $3.6m $3.6m 0.30% Added +2.0k +2,046
19 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 24,58324.6k $3.6m $3.6m 0.00% Added +5 +5
20 Masso Torrence Wealth Management Inc. 1.64% of their portfolio MARLTON, NJ 24,44224.4k $3.5m $3.5m 1.64% Reduced -1.2k -1,183
21 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 23,25823.3k $3.4m $3.4m 0.00% Reduced -3.4k -3,437
22 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 22,73222.7k $3.3m $3.3m 0.00% Added +18.9k +18,946
23 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 22,47822.5k $3.3m $3.3m 0.01% Reduced -510 -510
24 IMC-Chicago, LLC 0.08% of their portfolio CHICAGO, IL 21,87821.9k $3.2m $3.2m 0.08% Reduced -29.6k -29,611
25 Community Bank, N.A. 0.39% of their portfolio DeWitt, NY 20,63820.6k $3.0m $3.0m 0.39% Added +1.1k +1,098
26 Fluent Financial, LLC 1.21% of their portfolio DALLAS, TX 20,29220.3k $2.9m $2.9m 1.21% New
27 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 19,81319.8k $2.9m $2.9m 0.00% Reduced -105 -105
28 Mariner, LLC 0.00% of their portfolio Overland Park, KS 17,12717.1k $2.5m $2.5m 0.00% Reduced -4.4k -4,447
29 Westwind Capital 0.50% of their portfolio LAS CRUCES, NM 16,90116.9k $2.5m $2.5m 0.50% Added +436 +436
30 Merit Financial Group, LLC 0.03% of their portfolio ALPHARETTA, GA 16,43616.4k $2.4m $2.4m 0.03% Reduced -28.9k -28,899
31 GTS SECURITIES LLC 0.09% of their portfolio NEW YORK, NY 14,39714.4k $2.1m $2.1m 0.09% New
32 Aspen Wealth Strategies, LLC 1.23% of their portfolio ARVADA, CO 14,02614.0k $2.0m $2.0m 1.23% Added +1.6k +1,589
33 Accel Wealth Management 0.65% of their portfolio WAVERLY, IA 13,40813.4k $1.9m $1.9m 0.65% Added +1.3k +1,314
34 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 12,76512.8k $1.9m $1.9m 0.00% Added +2.1k +2,053
35 WESPAC Advisors SoCal, LLC 0.39% of their portfolio Pasadena, CA 11,91011.9k $1.7m $1.7m 0.39% Reduced -209 -209
36 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 11,82411.8k $1.7m $1.7m 0.00% Added +758 +758
37 OPPENHEIMER & CO INC 0.02% of their portfolio NEW YORK, NY 11,50711.5k $1.7m $1.7m 0.02% Added +414 +414
38 DHK Financial Advisors, Inc. 0.84% of their portfolio PORTSMOUTH, NH 10,09310.1k $1.5m $1.5m 0.84% Added +42 +42
39 Csenge Advisory Group 0.07% of their portfolio CLEARWATER, FL 9,7839.8k $1.3m $1.3m 0.07% Added +256 +256
40 MONEY CONCEPTS CAPITAL CORP 0.09% of their portfolio PALM BEACH GARDENS, FL 9,4219.4k $1.4m $1.4m 0.09% Reduced -397 -397
41 Fort Point Capital Partners LLC 0.14% of their portfolio San Francisco, CA 9,3599.4k $1.4m $1.4m 0.14% Added +183 +183
42 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 8,8068.8k $1.3m $1.3m 0.00% Reduced -235 -235
43 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 8,6098.6k $1.2m $1.2m 0.00% Reduced -7.0k -6,970
44 Global Financial Private Client, LLC 0.44% of their portfolio Sarasota, FL 8,1268.1k $1.2m $1.2m 0.44% Reduced -4 -4
45 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 7,7317.7k $1.1m $1.1m 0.00% Added +1.8k +1,758
46 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 7,3217.3k $1.1m $1.1m 0.00% Reduced -1.6k -1,612
47 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 7,1827.2k $1.0m $1.0m 0.01% Added +56 +56
48 Gladstone Institutional Advisory LLC 0.04% of their portfolio Bedminster, NJ 5,8975.9k $854.7k $854.7k 0.04% Reduced -60 -60
49 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 5,6545.7k $819.0k $819.0k 0.00% Reduced -879 -879
50 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 5,5935.6k $810.7k $810.7k 0.00% Reduced -149 -149
51 STEPHENS INC /AR/ 0.01% of their portfolio LITTLE ROCK, AR 5,5385.5k $802.6k $802.6k 0.01% Reduced -13 -13
52 Arkadios Wealth Advisors 0.02% of their portfolio ATLANTA, GA 5,1155.1k $741.3k $741.3k 0.02% Unchanged
53 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 4,9244.9k $713.6k $713.6k 0.00% Reduced -291 -291
54 Ferguson Shapiro LLC 0.24% of their portfolio DECATUR, GA 4,8554.9k $703.6k $703.6k 0.24% Reduced -750 -750
55 Tower Research Capital LLC (TRC) 0.02% of their portfolio NEW YORK, NY 4,6734.7k $677.3k $677.3k 0.02% Reduced -8.2k -8,242
56 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 4,6144.6k $668.7k $668.7k 0.00% New
57 LEUTHOLD GROUP, LLC 0.08% of their portfolio MINNEAPOLIS, MN 4,4024.4k $638.0k $638.0k 0.08% Added +104 +104
58 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 4,2374.2k $614.1k $614.1k 0.00% Added +2.1k +2,150
59 Wealthfront Advisers LLC 0.00% of their portfolio Palo Alto, CA 4,2034.2k $609.1k $609.1k 0.00% Added +104 +104
60 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 3,6483.6k $528.7k $528.7k 0.00% Added +255 +255
61 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 3,5573.6k $515.0k $515.0k 0.00% Reduced -2.1k -2,076
62 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 3,3113.3k $479.9k $479.9k 0.00% Unchanged
63 HBW ADVISORY SERVICES LLC 0.06% of their portfolio SIMI VALLEY, CA 3,1893.2k $462.1k $462.1k 0.06% Reduced -71 -71
64 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 3,0043.0k $435.4k $435.4k 0.00% Reduced -153 -153
65 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 2,8322.8k $410.4k $410.4k 0.00% Reduced -2.4k -2,443
66 HF Advisory Group, LLC 0.15% of their portfolio Annapolis, MD 2,7062.7k $392.2k $392.2k 0.15% Added +24 +24
67 Headland Capital, LLC 0.11% of their portfolio MT. PLEASANT, SC 2,6162.6k $379.1k $379.1k 0.11% Reduced -237 -237
68 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 2,0992.1k $304.2k $304.2k 0.00% Reduced -93 -93
69 Delta Investment Management, LLC 0.06% of their portfolio SAN FRANCISCO, CA 2,0522.1k $297.4k $297.4k 0.06% Reduced -429 -429
70 Quantum Portfolio Management LLC 0.14% of their portfolio NEW YORK, NY 2,0162.0k $292.2k $292.2k 0.14% Reduced -2.5k -2,502
71 Blackston Financial Advisory Group, LLC 0.16% of their portfolio THE VILLAGES, FL 1,8021.8k $261.2k $261.2k 0.16% Reduced -61 -61
72 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 1,7541.8k $254.2k $254.2k 0.00% Added +6 +6
73 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,7041.7k $247.0k $247.0k 0.00% Added +107 +107
74 Tidemark, LLC 0.07% of their portfolio SAN DIEGO, CA 1,5211.5k $220.4k $220.4k 0.07% Reduced -8 -8
75 FMR LLC 0.00% of their portfolio BOSTON, MA 1,5161.5k $219.7k $219.7k 0.00% Added +82 +82
76 Lion Street Advisors, LLC 0.07% of their portfolio Austin, TX 1,4941.5k $216.5k $216.5k 0.07% New
77 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 1,4001.4k $202.9k $202.9k 0.00% Reduced -1.6k -1,632
78 EP Wealth Advisors, LLC 0.00% of their portfolio TORRANCE, CA 1,1911.2k $172.6k $172.6k 0.00% Unchanged
79 MGB Wealth Management, LLC 0.05% of their portfolio ADDISON, TX 1,0971.1k $159.0k $159.0k 0.05% Unchanged
80 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 1,0001.0k $144.9k $144.9k 0.00% New
81 BAROMETER CAPITAL MANAGEMENT INC. 0.04% of their portfolio TORONTO, A6 900900 $130.4k $130.4k 0.04% New
82 PRIVATE TRUST CO NA 0.01% of their portfolio CLEVELAND, OH 850850 $123.2k $123.2k 0.01% Reduced -218 -218
83 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 769769 $111.5k $111.5k 0.00% Reduced -1.6k -1,650
84 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 615615 $89.1k $89.1k 0.00% Unchanged
85 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 572572 $83.0k $83.0k 0.00% Reduced -1 -1
86 BROWN BROTHERS HARRIMAN & CO 0.00% of their portfolio NEW YORK, NY 488488 $70.7k $70.7k 0.00% Unchanged
87 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 399399 $57.8k $57.8k 0.00% Reduced -25 -25
88 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 358358 $51.9k $51.9k 0.00% Reduced -14 -14
89 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 349349 $50.6k $50.6k 0.00% Added +242 +242
90 COMERICA BANK 0.00% of their portfolio DALLAS, TX 250250 $36.2k $36.2k 0.00% Added +50 +50
91 Provenance Wealth Advisors, LLC 0.00% of their portfolio FORT LAUDERDALE, FL 225225 $32.6k $32.6k 0.00% Unchanged
92 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 210210 $30.4k $30.4k 0.00% Added +135 +135
93 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 174174 $25.3k $25.3k 0.00% Reduced -14 -14
94 MCF Advisors LLC 0.00% of their portfolio LEXINGTON, KY 173173 $25.1k $25.1k 0.00% Unchanged
95 Main Street Group, LTD 0.01% of their portfolio GLEN ALLEN, VA 145145 $21.0k $21.0k 0.01% Unchanged
96 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 112112 $16.2k $16.2k 0.00% New
97 Asset Dedication, LLC 0.00% of their portfolio SAN FRANCISCO, CA 8585 $12.3k $12.3k 0.00% Unchanged
98 Legacy Investment Solutions, LLC 0.01% of their portfolio BOISE, ID 7777 $11.2k $11.2k 0.01% First filing
99 Legacy Wealth Managment, LLC/ID 0.01% of their portfolio BOISE, ID 7777 $11.2k $11.2k 0.01% Unchanged
100 Orion Capital Management LLC 0.00% of their portfolio CORONADO, CA 7676 $11.0k $11.0k 0.00% Added +1 +1