Vault-13

SPDR SER TR KBE

S&P BK ETF · ETP · CUSIP 78464A797

213 institutional holders -17 vs Q4 2022
18,773,21618.8m shares reported held*
$697.4mreported value*
35 new 67 added 56 reduced 46 sold out net sold ≈ $63.2m (-1.7m 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 ($56.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $37.15. Options: 12 managers hold calls ($134.6m notional), 18 hold puts ($274.0m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 244Q4 22: 230Q1 23: 213213Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022244
Q4 2022230
Q1 2023213

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 75 bought or addedQ4 22: 127 cut or sold outQ4 22Q1 23: 102 bought or addedQ1 23: 102 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 202275127
Q1 2023102102

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ3 22 calls: $46.1mQ3 22 puts: $143.5mQ3 22P/C 3.11Q4 22 calls: $50.2mQ4 22 puts: $247.7mQ4 22P/C 4.93Q1 23 calls: $134.6mQ1 23 puts: $274.0mQ1 23P/C 2.04
Numbers
QuarterCallsPutsP/C
Q3 2022$46.1m$143.5m3.11
Q4 2022$50.2m$247.7m4.93
Q1 2023$134.6m$274.0m2.04

Biggest buyers

GOLDMAN SACHS GROUP INC Added +930,335+930.3k
CIBC Asset Management Inc New +791,345+791.3k
MARSHALL WACE, LLP Added +429,146+429.1k
Segantii Capital Management Ltd New +340,000+340.0k
Balyasny Asset Management L.P. New +277,245+277.2k
Parallax Volatility Advisers, L.P. Added +247,989+248.0k
PEAK6 Investments LLC Added +215,180+215.2k
Twin Tree Management, LP New +200,674+200.7k
Evolution Wealth Advisors, LLC New +188,913+188.9k
PNC Financial Services Group, Inc. Added +150,157+150.2k

Biggest sellers

CITIGROUP INC Reduced -1,229,512-1.2m
MORGAN STANLEY Reduced -1,205,758-1.2m
JPMORGAN CHASE & CO Reduced -581,457-581.5k
MEITAV INVESTMENT HOUSE LTD Reduced -424,857-424.9k
UBS Group AG Reduced -422,426-422.4k
Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD Sold out -332,827-332.8k
AMERIPRISE FINANCIAL INC Reduced -288,698-288.7k
Raymond James Financial Services Advisors, Inc. Reduced -281,001-281.0k
BANK OF AMERICA CORP /DE/ Reduced -254,160-254.2k
United Asset Strategies, Inc. Sold out -170,286-170.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $65.2m1.8m shares
CITADEL ADVISORS LLC Added $34.3m925.7k shares
PEAK6 Investments LLC Added $13.6m366.2k shares
UBS Group AG New $7.7m208.3k shares
Belvedere Trading LLC New $4.2m114.5k shares
CAPITAL FUND MANAGEMENT S.A. New $3.0m80.3k shares
Walleye Trading LLC Reduced $2.3m62.6k shares
MILLENNIUM MANAGEMENT LLC Added $1.9m51.2k shares
WOLVERINE TRADING, LLC New $1.5m41.0k shares
Jefferies Financial Group Inc. New $778.5k21.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $68.9m1.9m shares
CITADEL ADVISORS LLC Added $36.3m978.9k shares
MARSHALL WACE, LLP Added $35.2m948.7k shares
PEAK6 Investments LLC Added $26.4m713.3k shares
Parallax Volatility Advisers, L.P. Added $24.1m651.2k shares
Berry Street Capital Management LLP New $18.5m500.0k shares
UBS Group AG Added $14.9m401.3k shares
ROYAL BANK OF CANADA Reduced $14.9m401.3k shares
BOOTHBAY FUND MANAGEMENT, LLC Added $14.8m400.0k shares
Walleye Trading LLC Reduced $7.4m198.3k 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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 5,020,4905.0m $186.1m $186.1m 0.05% Added +930.3k +930,335
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,488,4051.5m $55.2m $55.2m 0.01% Reduced -1.2m -1,205,758
3 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,187,3311.2m $44.0m $44.0m 0.01% Reduced -254.2k -254,160
4 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,149,4461.1m $42.6m $42.6m 0.01% Reduced -581.5k -581,457
5 CIBC Asset Management Inc 0.12% of their portfolio TORONTO, Z4 791,345791.3k $29.3m $29.3m 0.12% New
6 CITIGROUP INC 0.03% of their portfolio NEW YORK, NY 653,185653.2k $24.2m $24.2m 0.03% Reduced -1.2m -1,229,512
7 Itau Unibanco Holding S.A. 0.99% of their portfolio SAO PAULO, D5 531,075531.1k $19.7m $19.7m 0.99% Reduced -82.2k -82,200
8 UBS Group AG 0.01% of their portfolio ZURICH, V8 527,015527.0k $19.5m $19.5m 0.01% Reduced -422.4k -422,426
9 MARSHALL WACE, LLP 0.05% of their portfolio LONDON, X0 494,469494.5k $18.3m $18.3m 0.05% Added +429.1k +429,146
10 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 478,236478.2k $17.7m $17.7m 0.01% Reduced -43.6k -43,556
11 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 441,076441.1k $16.4m $16.4m 0.01% Added +150.2k +150,157
12 Segantii Capital Management Ltd 0.57% of their portfolio HONG KONG, K3 340,000340.0k $12.6m $12.6m 0.57% New
13 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 310,469310.5k $11.5m $11.5m 0.00% Added +2.7k +2,739
14 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 300,693300.7k $11.1m $11.1m 0.02% Added +133.0k +132,987
15 Balyasny Asset Management L.P. 0.03% of their portfolio Chicago, IL 277,245277.2k $10.3m $10.3m 0.03% New
16 Parallax Volatility Advisers, L.P. 0.32% of their portfolio San Francisco, CA 247,990248.0k $9.2m $9.2m 0.32% Added +248.0k +247,989
17 ProVise Management Group, LLC 0.81% of their portfolio CLEARWATER, FL 229,102229.1k $8.5m $8.5m 0.81% Added +14.4k +14,402
18 PEAK6 Investments LLC 0.51% of their portfolio CHICAGO, IL 217,525217.5k $8.1m $8.1m 0.51% Added +215.2k +215,180
19 Twin Tree Management, LP 0.21% of their portfolio DALLAS, TX 200,674200.7k $7.4m $7.4m 0.21% New
20 Evolution Wealth Advisors, LLC 1.68% of their portfolio AVENTURA, FL 188,913188.9k $7.0m $7.0m 1.68% New
21 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 179,836179.8k $6.7m $6.7m 0.01% Reduced -64.6k -64,557
22 Wharton Business Group, LLC 0.33% of their portfolio MALVERN, PA 147,996148.0k $5.5m $5.5m 0.33% Added +2.5k +2,550
23 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 143,500143.5k $5.3m $5.3m 0.01% New
24 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 140,802140.8k $5.2m $5.2m 0.01% Added +32.8k +32,754
25 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 121,407121.4k $4.5m $4.5m 0.01% Reduced -11.5k -11,523
26 MEITAV INVESTMENT HOUSE LTD 0.07% of their portfolio BENE-BERAQ, L3 109,495109.5k $4.0m $4.0m 0.07% Reduced -424.9k -424,857
27 Vectors Research Management, LLC 1.04% of their portfolio New York, NY 108,589108.6k $4.0m $4.0m 1.04% Added +39.6k +39,560
28 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 104,767104.8k $3.9m $3.9m 0.00% Reduced -33.8k -33,752
29 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 94,33194.3k $3.5m $3.5m 0.01% Reduced -6.8k -6,830
30 JCSD Capital, LLC 6.79% of their portfolio Walnut Creek, CA 94,00094.0k $4.1m $4.1m 6.79% Added +18.5k +18,500
31 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 89,53589.5k $3.3m $3.3m 0.00% Added +30.5k +30,516
32 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 85,98686.0k $3.2m $3.2m 0.00% Added +12.1k +12,139
33 HNP Capital LLC 0.89% of their portfolio ROCHESTER, NY 85,72485.7k $3.2m $3.2m 0.89% Added +35.6k +35,583
34 Legacy Capital Wealth Partners, LLC 0.86% of their portfolio LITTLE ROCK, AR 84,63984.6k $3.1m $3.1m 0.86% Reduced -5.5k -5,459
35 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 82,91682.9k $3.1m $3.1m 0.00% Added +82.8k +82,795
36 Squarepoint Ops LLC 0.02% of their portfolio NEW YORK, NY 80,39180.4k $3.0m $3.0m 0.02% New
37 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 78,28178.3k $2.9m $2.9m 0.00% Added +30.7k +30,748
38 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 75,44475.4k $2.8m $2.8m 0.00% Reduced -17.1k -17,089
39 Sandy Spring Bank 0.13% of their portfolio Olney, MD 63,77363.8k $2.4m $2.4m 0.13% Reduced -3.5k -3,541
40 SG Americas Securities, LLC 0.03% of their portfolio NEW YORK, NY 63,62163.6k $2.4m $2.4m 0.03% New
41 CAPITAL FUND MANAGEMENT S.A. 0.04% of their portfolio PARIS, I0 56,90456.9k $2.1m $2.1m 0.04% New
42 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 55,32955.3k $2.1m $2.1m 0.00% Added +8.2k +8,184
43 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 52,26552.3k $1.9m $1.9m 0.01% Reduced -9.1k -9,121
44 J.P. Morgan Private Wealth Advisors LLC 0.00% of their portfolio SAN FRANCISCO, CA 51,12451.1k $1.9m $1.9m 0.00% Added +5.4k +5,417
45 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 50,32850.3k $1.9m $1.9m 0.00% Reduced -281.0k -281,001
46 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 45,44745.4k $1.7m $1.7m 0.00% Reduced -288.7k -288,698
47 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 45,22045.2k $1.7m $1.7m 0.00% Added +25.7k +25,685
48 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 45,07845.1k $1.7m $1.7m 0.00% Added +9.5k +9,460
49 Tower Research Capital LLC (TRC) 0.05% of their portfolio NEW YORK, NY 42,20042.2k $1.6m $1.6m 0.05% Reduced -29.9k -29,897
50 Maven Securities LTD 0.22% of their portfolio ST HELIER, Y9 37,47637.5k $1.4m $1.4m 0.22% New
51 Aspen Grove Capital, LLC 0.61% of their portfolio AVON, CO 37,45237.5k $1.4m $1.4m 0.61% Added +263 +263
52 M Holdings Securities, Inc. 0.13% of their portfolio PORTLAND, OR 34,45234.5k $1.3m $1.3m 0.13% Reduced -685 -685
53 Main Management LLC 0.12% of their portfolio SAN FRANCISCO, CA 30,55130.6k $1.1m $1.1m 0.12% Unchanged
54 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 28,39328.4k $1.1m $1.1m 0.00% Added +27.2k +27,157
55 CAPE COD FIVE CENTS SAVINGS BANK 0.11% of their portfolio HYANNIS, MA 28,24628.2k $1.0m $1.0m 0.11% Reduced -2.3k -2,258
56 HIMENSION CAPITAL (SINGAPORE) PTE. LTD. 0.09% of their portfolio SINGAPORE, U0 25,80025.8k $956.4k $956.4k 0.09% New
57 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 25,13225.1k $931.0k $931.0k 0.00% Reduced -18 -18
58 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 25,09925.1k $930.4k $930.4k 0.01% Reduced -186 -186
59 Mariner, LLC 0.00% of their portfolio Overland Park, KS 24,93024.9k $924.0k $924.0k 0.00% Added +12.1k +12,081
60 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 24,21124.2k $897.3k $897.3k 0.00% Added +4.0k +3,998
61 Cetera Advisor Networks LLC 0.01% of their portfolio EL SEGUNDO, CA 24,17624.2k $896.2k $896.2k 0.01% Added +517 +517
62 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 22,53322.5k $835.0k $835.0k 0.00% Reduced -83.9k -83,909
63 TOTH FINANCIAL ADVISORY CORP 0.13% of their portfolio LEESBURG, VA 22,50022.5k $834.1k $834.1k 0.13% Added +450 +450
64 HB Wealth Management, LLC 0.01% of their portfolio Atlanta, GA 21,25821.3k $788.0k $788.0k 0.01% Unchanged
65 StrategIQ Financial Group, LLC 0.09% of their portfolio MERRILLVILLE, IN 20,65320.7k $765.6k $765.6k 0.09% Added +1.8k +1,785
66 GM Advisory Group, LLC 0.07% of their portfolio MELVILLE, NY 20,52520.5k $760.9k $760.9k 0.07% Unchanged
67 MAI Capital Management 0.01% of their portfolio INDEPENDENCE, OH 18,24918.2k $676.5k $676.5k 0.01% Reduced -2.5k -2,472
68 GSA CAPITAL PARTNERS LLP 0.07% of their portfolio LONDON, X0 18,10018.1k $671.0k $671.0k 0.07% New
69 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 17,77317.8k $658.8k $658.8k 0.01% Reduced -1.6k -1,608
70 Simmons Bank 0.05% of their portfolio Pine Bluff, AR 17,27317.3k $640.3k $640.3k 0.05% Reduced -5.2k -5,150
71 SIMPLEX TRADING, LLC 0.03% of their portfolio CHICAGO, IL 15,73115.7k $583.0k $583.0k 0.03% New
72 Curi Capital, LLC 0.02% of their portfolio CHICAGO, IL 14,58714.6k $540.7k $540.7k 0.02% Added +4.3k +4,262
73 AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio DALLAS, TX 14,54214.5k $539.1k $539.1k 0.01% Added +115 +115
74 Graves Light Lenhart Wealth, Inc. 0.08% of their portfolio HARRISONBURG, VA 14,05814.1k $521.1k $521.1k 0.08% Unchanged
75 WOLVERINE TRADING, LLC 0.02% of their portfolio CHICAGO, IL 13,83513.8k $507.0k $507.0k 0.02% New
76 Horizon Family Wealth, Inc. 0.54% of their portfolio CHICAGO, IL 13,71213.7k $508.3k $508.3k 0.54% Added +97 +97
77 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 13,54413.5k $502.1k $502.1k 0.00% Reduced -1.1k -1,092
78 Pettinga Financial Advisors LLC 0.15% of their portfolio EVANSVILLE, IN 13,40013.4k $496.7k $496.7k 0.15% Reduced -4.1k -4,075
79 Exchange Capital Management, Inc. 0.10% of their portfolio Ann Arbor, MI 13,16613.2k $488.1k $488.1k 0.10% Reduced -308 -308
80 NORTH STAR ASSET MANAGEMENT INC 0.03% of their portfolio NEENAH, WI 12,84712.8k $476.2k $476.2k 0.03% Reduced -195 -195
81 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 12,73512.7k $472.0k $472.0k 0.00% Reduced -2.8k -2,843
82 BigSur Wealth Management LLC 0.22% of their portfolio MIAMI, FL 12,62512.6k $468.0k $468.0k 0.22% Unchanged
83 COBBLESTONE CAPITAL ADVISORS LLC /NY/ 0.03% of their portfolio ROCHESTER, NY 12,11712.1k $449.2k $449.2k 0.03% Unchanged
84 Simplicity Solutions, LLC 0.01% of their portfolio MINNEAPOLIS, MN 11,96212.0k $443.4k $443.4k 0.01% New
85 Samalin Investment Counsel, LLC 0.26% of their portfolio CHAPPAQUA, NY 11,81311.8k $437.9k $437.9k 0.26% Added +266 +266
86 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 11,33111.3k $420.0k $420.0k 0.01% Reduced -378 -378
87 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 11,33011.3k $420.0k $420.0k 0.01% Added +1.5k +1,477
88 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 11,15111.2k $413.4k $413.4k 0.00% Added +141 +141
89 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 10,80310.8k $400.5k $400.5k 0.00% Reduced -4.1k -4,130
90 Falcon Wealth Planning 0.10% of their portfolio Ontario, CA 10,66710.7k $395.4k $395.4k 0.10% New
91 HBK INVESTMENTS L P 0.01% of their portfolio DALLAS, TX 10,62410.6k $393.8k $393.8k 0.01% New
92 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 10,59810.6k $393.0k $393.0k 0.00% Reduced -27.3k -27,288
93 Cutler Group LLC / CA 0.06% of their portfolio SAN FRANCISCO, CA 10,58010.6k $392.0k $392.0k 0.06% Added +813 +813
94 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 10,43310.4k $386.8k $386.8k 0.00% Reduced -534 -534
95 NATIXIS 0.00% of their portfolio PARIS, I0 10,41710.4k $386.2k $386.2k 0.00% New
96 CHARTIST INC /CA/ 0.45% of their portfolio SEAL BEACH, CA 10,31610.3k $452.6k $452.6k 0.45% First filing
97 Veritable, L.P. 0.01% of their portfolio Newtown Square, PA 9,9069.9k $367.2k $367.2k 0.01% Unchanged
98 WP Advisors, LLC 0.15% of their portfolio San Francisco, CA 9,6529.7k $357.8k $357.8k 0.15% Reduced -2.7k -2,699
99 JOHNSON INVESTMENT COUNSEL INC 0.00% of their portfolio Cincinnati, OH 9,5509.6k $354.0k $354.0k 0.00% Added +4.5k +4,500
100 RESOURCES MANAGEMENT CORP /CT/ /ADV 0.13% of their portfolio WEST HARTFORD, CT 9,5319.5k $816.0k $816.0k 0.13% Added +9.4k +9,431