Vault-13

SPDR SER TR KIE

S&P INS ETF · ETP · CUSIP 78464A789

137 institutional holders -12 vs Q4 2025
8,710,9258.7m shares reported held*
$479.5mreported value*
22 new 26 added 57 reduced 29 sold out net sold ≈ $3.4m (-62.6k 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 ($3.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $55.05. Options: 5 managers hold calls ($26.0m notional), 13 hold puts ($126.7m).

Trends to Q1 2026

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: 174Q3 25: 138Q4 25: 149Q1 26: 137137Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 2025138
Q4 2025149
Q1 2026137

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 68 bought or addedQ2 24: 56 cut or sold outQ3 24: 80 bought or addedQ3 24: 62 cut or sold outQ3 24Q4 24: 90 bought or addedQ4 24: 63 cut or sold outQ1 25: 102 bought or addedQ1 25: 72 cut or sold outQ1 25Q2 25: 70 bought or addedQ2 25: 92 cut or sold outQ3 25: 42 bought or addedQ3 25: 98 cut or sold outQ3 25Q4 25: 62 bought or addedQ4 25: 64 cut or sold outQ1 26: 48 bought or addedQ1 26: 86 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20246856
Q3 20248062
Q4 20249063
Q1 202510272
Q2 20257092
Q3 20254298
Q4 20256264
Q1 20264886

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ2 25 calls: $3.0mQ2 25 puts: $6.5mQ2 25P/C 2.13Q3 25 calls: $6.3mQ3 25 puts: $14.0mQ3 25P/C 2.22Q4 25 calls: $10.2mQ4 25 puts: $106.5mQ4 25P/C 10.41Q1 26 calls: $26.0mQ1 26 puts: $126.7mQ1 26P/C 4.87
Numbers
QuarterCallsPutsP/C
Q2 2025$3.0m$6.5m2.13
Q3 2025$6.3m$14.0m2.22
Q4 2025$10.2m$106.5m10.41
Q1 2026$26.0m$126.7m4.87

Biggest buyers

JPMORGAN CHASE & CO Added +786,850+786.9k
BNP PARIBAS FINANCIAL MARKETS New +601,829+601.8k
BARCLAYS PLC Added +292,623+292.6k
BANK OF AMERICA CORP /DE/ Added +225,106+225.1k
Aster Capital Management (DIFC) Ltd New +150,547+150.5k
MORGAN STANLEY Added +145,893+145.9k
UBS Group AG Added +120,766+120.8k
CITADEL ADVISORS LLC Added +97,185+97.2k
TWO SIGMA INVESTMENTS, LP Added +67,900+67.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +50,536+50.5k

Biggest sellers

J.Safra Asset Management Corp Sold out -719,781-719.8k
FACTORY MUTUAL INSURANCE CO Reduced -290,600-290.6k
MILLENNIUM MANAGEMENT LLC Sold out -251,650-251.7k
Qube Research & Technologies Ltd Sold out -230,474-230.5k
D. E. Shaw & Co., Inc. Reduced -199,986-200.0k
CITIGROUP INC Reduced -186,771-186.8k
Balyasny Asset Management L.P. Sold out -184,674-184.7k
Jain Global LLC Sold out -139,119-139.1k
GOLDMAN SACHS GROUP INC Reduced -126,133-126.1k
DRW Securities, LLC Reduced -114,100-114.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $8.0m145.3k shares
CITADEL ADVISORS LLC New $5.8m105.4k shares
SILVERBACK ASSET MANAGEMENT LLC New $5.5m100.0k shares
JANE STREET GROUP, LLC Added $5.4m98.0k shares
Squarepoint Ops LLC New $1.3m24.2k shares

Biggest puts

Shaolin Capital Management LLC Reduced $55.0m1.0m shares
Flat Footed LLC New $16.4m297.6k shares
CITADEL ADVISORS LLC Reduced $13.5m246.1k shares
JANE STREET GROUP, LLC Added $11.3m206.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $11.1m201.2k shares
SILVERBACK ASSET MANAGEMENT LLC New $5.5m100.0k shares
Verition Fund Management LLC New $5.5m100.0k shares
TUDOR INVESTMENT CORP ET AL Added $3.3m60.0k shares
Hunting Hill Global Capital, LLC New $2.6m48.0k shares
K2 PRINCIPAL FUND, L.P. New $1.4m25.0k 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 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,360,1631.4m $74.8m $74.8m 0.01% Reduced -126.1k -126,133
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 846,348846.3k $46.5m $46.5m 0.00% Added +145.9k +145,893
3 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 791,355791.4k $43.1m $43.1m 0.00% Added +786.9k +786,850
4 CITIGROUP INC 0.03% of their portfolio NEW YORK, NY 740,924740.9k $40.8m $40.8m 0.03% Reduced -186.8k -186,771
5 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 601,829601.8k $33.1m $33.1m 0.02% New
6 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 551,932551.9k $30.4m $30.4m 0.00% Added +225.1k +225,106
7 UBS Group AG 0.00% of their portfolio ZURICH, V8 369,149369.1k $20.3m $20.3m 0.00% Added +120.8k +120,766
8 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 349,400349.4k $19.2m $19.2m 0.02% Added +67.9k +67,900
9 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 336,516336.5k $18.5m $18.5m 0.00% Reduced -25.5k -25,464
10 FACTORY MUTUAL INSURANCE CO 0.19% of their portfolio WALTHAM, MA 314,550314.6k $17.3m $17.3m 0.19% Reduced -290.6k -290,600
11 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 294,215294.2k $16.2m $16.2m 0.01% Added +292.6k +292,623
12 Kingsview Wealth Management, LLC 0.22% of their portfolio GRANTS PASS, OR 286,126286.1k $15.7m $15.7m 0.22% Added +26.6k +26,637
13 Perbak Capital Partners LLP 2.83% of their portfolio LONDON, X0 208,841208.8k $11.5m $11.5m 2.83% Reduced -83.7k -83,664
14 Aster Capital Management (DIFC) Ltd 2.98% of their portfolio DUBAI, C0 150,547150.5k $9.1m $9.1m 2.98% New
15 CUMBERLAND ADVISORS INC 2.64% of their portfolio SARASOTA, FL 122,680122.7k $6.7m $6.7m 2.64% Reduced -230 -230
16 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 113,070113.1k $6.2m $6.2m 0.00% Added +97.2k +97,185
17 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 76,91176.9k $4.2m $4.2m 0.00% Reduced -2 -2
18 Triangle Securities Wealth Management 0.95% of their portfolio RALEIGH, NC 76,12676.1k $4.2m $4.2m 0.95% Reduced -427 -427
19 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 61,54761.5k $3.4m $3.4m 0.01% Reduced -16.7k -16,728
20 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 59,64359.6k $3.3m $3.3m 0.00% Added +50.5k +50,536
21 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 57,35457.4k $3.2m $3.2m 0.00% Reduced -5.8k -5,847
22 FLOW TRADERS U.S. LLC 0.09% of their portfolio NEW YORK, NY 50,14650.1k $2.8m $2.8m 0.09% New
23 Walleye Capital LLC 0.02% of their portfolio NEW YORK, NY 49,81749.8k $2.7m $2.7m 0.02% New
24 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 48,43548.4k $2.7m $2.7m 0.00% Reduced -5.3k -5,349
25 TCP Asset Management, LLC 0.31% of their portfolio Upper Arlington, OH 44,36844.4k $2.4m $2.4m 0.31% New
26 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 39,80939.8k $2.2m $2.2m 0.00% Reduced -33.7k -33,731
27 Brevan Howard Capital Management LP 0.02% of their portfolio ST. HELIER, Y9 36,96637.0k $2.0m $2.0m 0.02% New
28 XTX Topco Ltd 0.03% of their portfolio LONDON, X0 36,54036.5k $2.0m $2.0m 0.03% New
29 ALTFEST L J & CO INC 0.20% of their portfolio NEW YORK, NY 33,17333.2k $1.8m $1.8m 0.20% New
30 Ellis Investment Partners, LLC 0.25% of their portfolio Berwyn, PA 25,89925.9k $1.4m $1.4m 0.25% Reduced -2.0k -1,952
31 AMICA MUTUAL INSURANCE CO 0.12% of their portfolio PROVIDENCE, RI 25,20425.2k $1.4m $1.4m 0.12% Reduced -2.9k -2,855
32 Shaolin Capital Management LLC 0.06% of their portfolio Miami, FL 25,00025.0k $1.4m $1.4m 0.06% New
33 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 23,23123.2k $1.3m $1.3m 0.00% Reduced -11.5k -11,510
34 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 22,33222.3k $1.2m $1.2m 0.00% Added +1.6k +1,644
35 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 21,90421.9k $1.2m $1.2m 0.00% Reduced -2.0k -1,973
36 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 20,89320.9k $1.1m $1.1m 0.00% Reduced -56.8k -56,818
37 Spire Wealth Management 0.04% of their portfolio MCLEAN, VA 19,79419.8k $1.1m $1.1m 0.04% Unchanged
38 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 17,72417.7k $974.8k $974.8k 0.00% Added +142 +142
39 RHODES INVESTMENT ADVISORS INC /ADV 0.82% of their portfolio FORT WORTH, TX 17,37017.4k $955.4k $955.4k 0.82% Reduced -2.4k -2,400
40 GTS SECURITIES LLC 0.03% of their portfolio NEW YORK, NY 16,41616.4k $902.9k $902.9k 0.03% Added +6.3k +6,328
41 FMR LLC 0.00% of their portfolio BOSTON, MA 16,02516.0k $881.4k $881.4k 0.00% Added +1.6k +1,559
42 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 15,99216.0k $879.6k $879.6k 0.00% Reduced -804 -804
43 FORONJY FINANCIAL LLC 0.36% of their portfolio Los Osos, CA 15,68115.7k $862.4k $862.4k 0.36% Added +724 +724
44 KINGSWOOD WEALTH ADVISORS, LLC 0.04% of their portfolio SAN DIEGO, CA 14,01714.0k $770.9k $770.9k 0.04% Added +10.6k +10,565
45 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 13,86813.9k $762.8k $762.8k 0.00% Reduced -131 -131
46 Fairvoy Private Wealth, LLC 0.18% of their portfolio BIRMINGHAM, AL 13,64213.6k $750.3k $750.3k 0.18% New
47 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 13,19113.2k $726.0k $726.0k 0.00% Reduced -2.1k -2,121
48 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 12,57412.6k $691.6k $691.6k 0.00% Reduced -200.0k -199,986
49 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 12,56312.6k $691.0k $691.0k 0.01% Reduced -1.8k -1,770
50 TOTH FINANCIAL ADVISORY CORP 0.07% of their portfolio LEESBURG, VA 12,27412.3k $675.1k $675.1k 0.07% Added +17 +17
51 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 12,00012.0k $660.0k $660.0k 0.00% Unchanged
52 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 11,12611.1k $611.9k $611.9k 0.01% Added +125 +125
53 JMAC ENTERPRISES LLC 0.11% of their portfolio NEWTOWN, PA 10,55610.6k $580.6k $580.6k 0.11% Reduced -55 -55
54 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 9,98010.0k $548.9k $548.9k 0.00% Reduced -148 -148
55 DRW Securities, LLC 0.03% of their portfolio CHICAGO, IL 9,9429.9k $546.8k $546.8k 0.03% Reduced -114.1k -114,100
56 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 8,8568.9k $474.3k $474.3k 0.00% Reduced -154 -154
57 Kaizen Financial Strategies 0.18% of their portfolio CAMPBELL, CA 7,3507.3k $423.8k $423.8k 0.18% Added +200 +200
58 Fifth Third Securities, Inc. 0.03% of their portfolio Cincinnati, OH 7,2887.3k $400.8k $400.8k 0.03% Reduced -166 -166
59 Wealthfront Advisers LLC 0.00% of their portfolio Palo Alto, CA 7,0997.1k $390.4k $390.4k 0.00% Reduced -22 -22
60 Zinnia Wealth Advisory, LLC 0.41% of their portfolio Ocala, FL 6,6836.7k $367.6k $367.6k 0.41% Reduced -1.2k -1,166
61 Avior Wealth Management, LLC 0.01% of their portfolio OMAHA, NE 6,3546.4k $349.5k $349.5k 0.01% Reduced -55 -55
62 EP Wealth Advisors, LLC 0.00% of their portfolio TORRANCE, CA 6,0756.1k $334.1k $334.1k 0.00% Reduced -441 -441
63 First Heartland Consultants, Inc. 0.03% of their portfolio LAKE ST. LOUIS, MO 6,0526.1k $332.9k $332.9k 0.03% Reduced -342 -342
64 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 5,9856.0k $329.0k $329.0k 0.00% Reduced -870 -870
65 CARY STREET PARTNERS FINANCIAL LLC 0.01% of their portfolio RICHMOND, VA 5,8285.8k $320.5k $320.5k 0.01% Reduced -215 -215
66 HB Wealth Management, LLC 0.00% of their portfolio Atlanta, GA 5,7605.8k $316.8k $316.8k 0.00% Unchanged
67 Vertex Investment Solutions Co., Ltd. 0.34% of their portfolio CHIYODA-KU, M0 5,3005.3k $289.9k $289.9k 0.34% New
68 ROTHSCHILD INVESTMENT LLC 0.01% of their portfolio CHICAGO, IL 5,2005.2k $286.0k $286.0k 0.01% Reduced -350 -350
69 PFG Investments, LLC 0.01% of their portfolio WOODBURY, NY 4,9805.0k $273.9k $273.9k 0.01% Reduced -670 -670
70 J. Goldman & Co LP 0.01% of their portfolio NEW YORK, NY 4,5214.5k $248.7k $248.7k 0.01% New
71 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 4,4914.5k $247.0k $247.0k 0.01% Added +61 +61
72 Segment Wealth Management, LLC 0.01% of their portfolio HOUSTON, TX 4,4604.5k $245.3k $245.3k 0.01% Unchanged
73 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 4,3654.4k $240.1k $240.1k 0.00% Reduced -8.7k -8,720
74 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 4,3364.3k $260.6k $260.6k 0.00% Added +449 +449
75 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 4,3294.3k $238.1k $238.1k 0.00% Unchanged
76 DV Trading LLC 0.02% of their portfolio CHICAGO, IL 4,0004.0k $220.0k $220.0k 0.02% New
77 Trexquant Investment LP 0.00% of their portfolio STAMFORD, CT 3,8723.9k $213.0k $213.0k 0.00% Reduced -1.6k -1,561
78 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 3,8593.9k $212.2k $212.2k 0.00% New
79 WESTCO ADVISORY SERVICES INC /ADV 0.13% of their portfolio LYNBROOK, NY 3,7053.7k $203.8k $203.8k 0.13% Unchanged
80 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 3,6513.7k $200.8k $200.8k 0.00% Reduced -427 -427
81 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 3,4153.4k $187.8k $187.8k 0.01% Unchanged
82 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,3333.3k $183.3k $183.3k 0.00% Reduced -284 -284
83 Manchester Capital Management LLC 0.03% of their portfolio MANCHESTER, VT 3,3003.3k $181.5k $181.5k 0.03% Unchanged
84 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 3,1033.1k $170.7k $170.7k 0.00% Reduced -635 -635
85 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 2,5532.6k $140.4k $140.4k 0.00% New
86 MARSHALL INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio LITTLETON, CO 2,1732.2k $119.5k $119.5k 0.06% New
87 EASTERN BANK 0.00% of their portfolio BOSTON, MA 2,0752.1k $114.1k $114.1k 0.00% Unchanged
88 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1,7031.7k $93.7k $93.7k 0.00% Reduced -376 -376
89 Crews Bank & Trust 0.01% of their portfolio PORT CHARLOTTE, FL 1,6401.6k $90.2k $90.2k 0.01% Added +5 +5
90 AlphaCore Capital LLC 0.00% of their portfolio LA JOLLA, CA 1,5351.5k $84.4k $84.4k 0.00% Unchanged
91 AdvisorNet Financial, Inc 0.00% of their portfolio MINNETONKA, MN 1,1191.1k $61.5k $61.5k 0.00% Added +6 +6
92 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 1,0421.0k $57.3k $57.3k 0.00% Unchanged
93 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 1,0261.0k $56.4k $56.4k 0.00% Unchanged
94 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,0001.0k $55.0k $55.0k 0.00% Reduced -86 -86
95 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 977977 $53.7k $53.7k 0.00% Reduced -42 -42
96 BASSO CAPITAL MANAGEMENT, L.P. 0.03% of their portfolio STAMFORD, CT 912912 $50.2k $50.2k 0.03% New
97 Provident Wealth Management, LLC 0.01% of their portfolio BRENTWOOD, TN 800800 $44.0k $44.0k 0.01% Unchanged
98 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 583583 $31.9k $31.9k 0.00% Added +172 +172
99 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 567567 $31.2k $31.2k 0.00% Unchanged
100 WPG Advisers, LLC 0.02% of their portfolio BALTIMORE, MD 525525 $28.9k $28.9k 0.02% Reduced -375 -375