Vault-13

SPDR SER TR KIE

S&P INS ETF · ETP · CUSIP 78464A789

174 institutional holders -14 vs Q1 2025
12,066,18912.1m shares reported held*
$720.8mreported value*
21 new 49 added 55 reduced 37 sold out net sold ≈ $112.8m (-1.9m 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 ≈ $59.73. Options: 2 managers hold calls ($3.0m notional), 3 hold puts ($6.5m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 113Q4 22: 135Q1 23: 128Q2 23: 118Q3 23: 132Q4 23: 139Q1 24: 138Q2 24: 137Q3 24: 149Q4 24: 174Q1 25: 188Q2 25: 174174Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022113
Q4 2022135
Q1 2023128
Q2 2023118
Q3 2023132
Q4 2023139
Q1 2024138
Q2 2024137
Q3 2024149
Q4 2024174
Q1 2025188
Q2 2025174

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 62 bought or addedQ3 23: 50 cut or sold outQ4 23: 62 bought or addedQ4 23: 64 cut or sold outQ4 23Q1 24: 69 bought or addedQ1 24: 69 cut or sold outQ2 24: 68 bought or addedQ2 24: 56 cut or sold outQ2 24Q3 24: 80 bought or addedQ3 24: 62 cut or sold outQ4 24: 90 bought or addedQ4 24: 63 cut or sold outQ4 24Q1 25: 102 bought or addedQ1 25: 72 cut or sold outQ2 25: 70 bought or addedQ2 25: 92 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20236250
Q4 20236264
Q1 20246969
Q2 20246856
Q3 20248062
Q4 20249063
Q1 202510272
Q2 20257092

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ3 24 calls: $5.6mQ3 24 puts: $32.2mQ3 24P/C 5.70Q4 24 calls: $22.5mQ4 24 puts: $34.1mQ4 24P/C 1.51Q1 25 calls: $2.1mQ1 25 puts: $2.5mQ1 25P/C 1.21Q2 25 calls: $3.0mQ2 25 puts: $6.5mQ2 25P/C 2.13
Numbers
QuarterCallsPutsP/C
Q3 2024$5.6m$32.2m5.70
Q4 2024$22.5m$34.1m1.51
Q1 2025$2.1m$2.5m1.21
Q2 2025$3.0m$6.5m2.13

Biggest buyers

TWO SIGMA INVESTMENTS, LP New +758,300+758.3k
ROYAL BANK OF CANADA Added +466,054+466.1k
MILLENNIUM MANAGEMENT LLC Added +261,790+261.8k
Qube Research & Technologies Ltd Added +258,878+258.9k
MORGAN STANLEY Added +129,330+129.3k
Tower Research Capital LLC (TRC) New +76,189+76.2k
GOLDMAN SACHS GROUP INC Added +73,418+73.4k
CUMBERLAND ADVISORS INC New +65,330+65.3k
D. E. Shaw & Co., Inc. New +54,941+54.9k
CITIGROUP INC Added +52,671+52.7k

Biggest sellers

JPMORGAN CHASE & CO Reduced -2,344,561-2.3m
UBS Group AG Reduced -702,567-702.6k
BNP PARIBAS FINANCIAL MARKETS Sold out -328,768-328.8k
HOLLENCREST CAPITAL MANAGEMENT Reduced -110,457-110.5k
DRW Securities, LLC Sold out -96,000-96.0k
CITADEL ADVISORS LLC Reduced -89,605-89.6k
LPL Financial LLC Reduced -87,366-87.4k
Fortis Group Advisors, LLC Sold out -61,552-61.6k
Jefferies Financial Group Inc. Sold out -59,858-59.9k
WIN ADVISORS, INC Sold out -48,974-49.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.6m43.3k shares
CITADEL ADVISORS LLC Reduced $448.1k7.5k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.2m70.8k shares
CITADEL ADVISORS LLC Added $1.9m31.9k shares
WOLVERINE TRADING, LLC New $337.3k5.7k 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 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,707,2091.7m $102.0m $102.0m 0.02% Added +73.4k +73,418
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,230,7181.2m $73.5m $73.5m 0.00% Added +129.3k +129,330
3 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 978,983979.0k $58.5m $58.5m 0.00% Reduced -2.3m -2,344,561
4 TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio NEW YORK, NY 758,300758.3k $45.3m $45.3m 0.08% New
5 J.Safra Asset Management Corp 2.80% of their portfolio NEW YORK, NY 672,232672.2k $40.2m $40.2m 2.80% Added +8.7k +8,687
6 FACTORY MUTUAL INSURANCE CO 0.40% of their portfolio WALTHAM, MA 615,100615.1k $36.7m $36.7m 0.40% Unchanged
7 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 570,422570.4k $34.1m $34.1m 0.00% Added +466.1k +466,054
8 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 418,324418.3k $25.0m $25.0m 0.00% Reduced -40.0k -40,001
9 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 397,237397.2k $23.7m $23.7m 0.01% Reduced -87.4k -87,366
10 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 374,131374.1k $22.4m $22.4m 0.01% Reduced -14.2k -14,236
11 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 342,577342.6k $20.5m $20.5m 0.01% Reduced -4.9k -4,910
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 339,898339.9k $20.3m $20.3m 0.00% Reduced -702.6k -702,567
13 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 322,076322.1k $19.2m $19.2m 0.01% Added +52.7k +52,671
14 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 311,753311.8k $18.6m $18.6m 0.02% Added +261.8k +261,790
15 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 259,027259.0k $15.5m $15.5m 0.02% Added +258.9k +258,878
16 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 223,552223.6k $13.4m $13.4m 0.00% Added +19.7k +19,712
17 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 216,707216.7k $12.9m $12.9m 0.00% Added +24.9k +24,853
18 Kingsview Wealth Management, LLC 0.17% of their portfolio GRANTS PASS, OR 167,026167.0k $10.0m $10.0m 0.17% Reduced -27.7k -27,727
19 INVESTMENT MANAGEMENT CORP /VA/ /ADV 8.63% of their portfolio ROANOKE, VA 159,161159.2k $9.5m $9.5m 8.63% Reduced -930 -930
20 Capital Planning Advisors, LLC 1.24% of their portfolio Roseville, CA 141,685141.7k $8.5m $8.5m 1.24% Reduced -4.5k -4,532
21 Chicago Wealth Management, Inc. 3.99% of their portfolio CHICAGO, IL 140,060140.1k $8.4m $8.4m 3.99% Reduced -2.6k -2,577
22 TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio STAMFORD, CT 97,52597.5k $5.8m $5.8m 0.04% Added +18.7k +18,694
23 SPC Financial, Inc. 0.47% of their portfolio ROCKVILLE, MD 94,65894.7k $5.7m $5.7m 0.47% Added +4.8k +4,841
24 Lido Advisors, LLC 0.03% of their portfolio Los Angeles, CA 81,97682.0k $4.9m $4.9m 0.03% Added +3.8k +3,804
25 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 79,25479.3k $4.7m $4.7m 0.01% Added +18.6k +18,579
26 Triangle Securities Wealth Management 1.14% of their portfolio RALEIGH, NC 77,88877.9k $4.7m $4.7m 1.14% Reduced -3.0k -3,034
27 Tower Research Capital LLC (TRC) 0.12% of their portfolio NEW YORK, NY 76,18976.2k $4.6m $4.6m 0.12% New
28 CUMBERLAND ADVISORS INC 1.64% of their portfolio SARASOTA, FL 65,33065.3k $3.9m $3.9m 1.64% New
29 Csenge Advisory Group 0.20% of their portfolio CLEARWATER, FL 63,21963.2k $3.7m $3.7m 0.20% Added +187 +187
30 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 54,94154.9k $3.3m $3.3m 0.00% New
31 VICUS CAPITAL 0.26% of their portfolio STATE COLLEGE, PA 52,86152.9k $3.2m $3.2m 0.26% Added +1.2k +1,249
32 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 40,75640.8k $2.4m $2.4m 0.00% Reduced -89.6k -89,605
33 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 37,77037.8k $2.3m $2.3m 0.00% Added +476 +476
34 AMICA MUTUAL INSURANCE CO 0.21% of their portfolio PROVIDENCE, RI 36,44636.4k $2.2m $2.2m 0.21% Unchanged
35 Walleye Capital LLC 0.02% of their portfolio NEW YORK, NY 33,27633.3k $2.0m $2.0m 0.02% New
36 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 31,82731.8k $1.9m $1.9m 0.00% Added +27.2k +27,230
37 Navis Wealth Advisors, LLC 1.58% of their portfolio RYE BROOK, NY 31,43031.4k $1.9m $1.9m 1.58% Added +87 +87
38 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 30,96031.0k $1.9m $1.9m 0.00% Reduced -20.2k -20,199
39 GTS SECURITIES LLC 0.08% of their portfolio NEW YORK, NY 28,71228.7k $1.7m $1.7m 0.08% New
40 Brevan Howard Capital Management LP 0.02% of their portfolio ST. HELIER, Y9 28,39228.4k $1.7m $1.7m 0.02% New
41 Ellis Investment Partners, LLC 0.32% of their portfolio Berwyn, PA 27,29327.3k $1.6m $1.6m 0.32% Reduced -3 -3
42 Fulcrum Equity Management 1.51% of their portfolio PLANO, TX 24,64924.6k $1.5m $1.5m 1.51% Reduced -882 -882
43 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 21,15021.1k $1.3m $1.3m 0.00% Added +83 +83
44 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 19,82019.8k $1.2m $1.2m 0.00% Reduced -5.9k -5,854
45 Spire Wealth Management 0.04% of their portfolio MCLEAN, VA 19,79419.8k $1.2m $1.2m 0.04% Reduced -398 -398
46 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 18,94918.9k $1.1m $1.1m 0.01% Added +2.4k +2,371
47 Global Retirement Partners, LLC 0.03% of their portfolio San Rafael, CA 18,48518.5k $1.1m $1.1m 0.03% First filing
48 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 17,50417.5k $1.0m $1.0m 0.01% Reduced -4.4k -4,389
49 Smartleaf Asset Management LLC 0.09% of their portfolio BOSTON, MA 16,32616.3k $966.0k $966.0k 0.09% Reduced -696 -696
50 Arkadios Wealth Advisors 0.03% of their portfolio ATLANTA, GA 15,94215.9k $952.4k $952.4k 0.03% Added +142 +142
51 1858 WEALTH MANAGEMENT, LLC 0.68% of their portfolio AKRON, OH 15,47515.5k $924.5k $924.5k 0.68% Added +111 +111
52 IBEX WEALTH ADVISORS 0.09% of their portfolio BEDMINSTER, NJ 14,68414.7k $877.2k $877.2k 0.09% Reduced -2.2k -2,165
53 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 14,17114.2k $846.6k $846.6k 0.00% Reduced -1.6k -1,633
54 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 14,14814.1k $845.2k $845.2k 0.01% Reduced -5.5k -5,472
55 FMR LLC 0.00% of their portfolio BOSTON, MA 13,60413.6k $812.7k $812.7k 0.00% Added +683 +683
56 Perigon Wealth Management, LLC 0.02% of their portfolio SAN FRANCISCO, CA 12,95012.9k $773.6k $773.6k 0.02% Reduced -13.5k -13,523
57 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 12,92312.9k $772.0k $772.0k 0.00% Reduced -39 -39
58 TOTH FINANCIAL ADVISORY CORP 0.09% of their portfolio LEESBURG, VA 12,59612.6k $752.5k $752.5k 0.09% Added +34 +34
59 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 12,00012.0k $716.9k $716.9k 0.00% Unchanged
60 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 11,96012.0k $714.5k $714.5k 0.00% Reduced -152 -152
61 JMAC ENTERPRISES LLC 0.14% of their portfolio NEWTOWN, PA 10,61110.6k $633.9k $633.9k 0.14% Reduced -3.1k -3,094
62 Wealthfront Advisers LLC 0.00% of their portfolio Palo Alto, CA 10,37810.4k $620.0k $620.0k 0.00% Added +890 +890
63 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 10,25210.3k $612.5k $612.5k 0.01% Reduced -120 -120
64 COOKSON PEIRCE & CO INC 0.03% of their portfolio PITTSBURGH, PA 10,18610.2k $608.5k $608.5k 0.03% Reduced -433 -433
65 FORONJY FINANCIAL LLC 0.27% of their portfolio Los Osos, CA 9,8009.8k $585.5k $585.5k 0.27% First filing
66 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 9,6309.6k $566.8k $566.8k 0.00% Added +3.3k +3,286
67 Fifth Third Securities, Inc. 0.04% of their portfolio Cincinnati, OH 9,4429.4k $564.1k $564.1k 0.04% Added +608 +608
68 Jump Financial, LLC 0.01% of their portfolio Chicago, IL 9,3109.3k $556.2k $556.2k 0.01% Reduced -14.0k -13,967
69 Hilltop Holdings Inc. 0.03% of their portfolio DALLAS, TX 8,9008.9k $531.7k $531.7k 0.03% Reduced -240 -240
70 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 8,6978.7k $519.6k $519.6k 0.00% Added +3.2k +3,175
71 FLOW TRADERS U.S. LLC 0.02% of their portfolio NEW YORK, NY 8,6348.6k $516.0k $516.0k 0.02% Reduced -11.6k -11,644
72 CHASE INVESTMENT COUNSEL CORP 0.16% of their portfolio CHARLOTTESVILLE, VA 8,5178.5k $508.0k $508.0k 0.16% New
73 Kaizen Financial Strategies 0.25% of their portfolio CAMPBELL, CA 8,3888.4k $501.1k $501.1k 0.25% Added +188 +188
74 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 7,5737.6k $452.0k $452.0k 0.00% Reduced -1.6k -1,576
75 INTEGRITY ALLIANCE, LLC. 0.02% of their portfolio Urbandale, IA 7,4167.4k $443.1k $443.1k 0.02% New
76 EP Wealth Advisors, LLC 0.00% of their portfolio TORRANCE, CA 7,4167.4k $443.0k $443.0k 0.00% Added +47 +47
77 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 7,3327.3k $433.8k $433.8k 0.00% Added +1.9k +1,867
78 First Heartland Consultants, Inc. 0.04% of their portfolio LAKE ST. LOUIS, MO 6,6056.6k $394.6k $394.6k 0.04% Added +570 +570
79 CARY STREET PARTNERS FINANCIAL LLC 0.01% of their portfolio RICHMOND, VA 6,3646.4k $380.2k $380.2k 0.01% Unchanged
80 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 5,9626.0k $356.2k $356.2k 0.01% Reduced -113 -113
81 PFG Investments, LLC 0.02% of their portfolio WOODBURY, NY 5,7665.8k $344.4k $344.4k 0.02% Added +3 +3
82 Avior Wealth Management, LLC 0.01% of their portfolio OMAHA, NE 5,6075.6k $335.0k $335.0k 0.01% Added +15 +15
83 ROTHSCHILD INVESTMENT LLC 0.02% of their portfolio CHICAGO, IL 5,5505.5k $331.6k $331.6k 0.02% Reduced -50 -50
84 Y-Intercept (Hong Kong) Ltd 0.01% of their portfolio HONG KONG, K3 5,4565.5k $325.9k $325.9k 0.01% Reduced -1.8k -1,770
85 HB Wealth Management, LLC 0.00% of their portfolio Atlanta, GA 5,4135.4k $323.4k $323.4k 0.00% Reduced -347 -347
86 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 5,3295.3k $318.4k $318.4k 0.00% Unchanged
87 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 5,1825.2k $309.6k $309.6k 0.00% Added +3.2k +3,179
88 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 5,1605.2k $308.3k $308.3k 0.00% Reduced -210 -210
89 Trexquant Investment LP 0.00% of their portfolio STAMFORD, CT 5,0655.1k $302.6k $302.6k 0.00% New
90 Waterloo Capital, L.P. 0.02% of their portfolio AUSTIN, TX 5,0125.0k $299.4k $299.4k 0.02% Reduced -557 -557
91 CITIZENS FINANCIAL GROUP INC/RI 0.00% of their portfolio PROVIDENCE, RI 4,9444.9k $295.3k $295.3k 0.00% Added +14 +14
92 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 4,7034.7k $281.0k $281.0k 0.00% New
93 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 4,4784.5k $267.5k $267.5k 0.01% Reduced -618 -618
94 Segment Wealth Management, LLC 0.02% of their portfolio HOUSTON, TX 4,4604.5k $266.4k $266.4k 0.02% Unchanged
95 COMERICA BANK 0.00% of their portfolio DALLAS, TX 4,3194.3k $258.0k $258.0k 0.00% Added +7 +7
96 Pinnacle Family Advisors, LLC 0.12% of their portfolio Springfield, MO 4,2304.2k $252.7k $252.7k 0.12% Reduced -3.1k -3,145
97 FISCHER INVESTMENT STRATEGIES, LLC 0.17% of their portfolio Westlake Village, CA 4,2074.2k $251.3k $251.3k 0.17% New
98 IFG Advisory, LLC 0.01% of their portfolio ATLANTA, GA 4,0834.1k $243.9k $243.9k 0.01% New
99 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 4,0654.1k $242.8k $242.8k 0.00% Reduced -88 -88
100 American State Bank (Iowa) 0.12% of their portfolio SIOUX CENTER, IA 3,7533.8k $224.2k $224.2k 0.12% Unchanged