Vault-13

SPDR SER TR KBE

S&P BK ETF · ETP · CUSIP 78464A797

212 institutional holders -1 vs Q1 2023
21,931,28821.9m shares reported held*
$790.1mreported value*
36 new 50 added 75 reduced 37 sold out net bought ≈ $109.5m (+3.1m 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 ($46.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $36.02. Options: 8 managers hold calls ($97.8m notional), 14 hold puts ($159.2m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 244Q4 22: 230Q1 23: 213Q2 23: 212212Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022244
Q4 2022230
Q1 2023213
Q2 2023212

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 23Q2 23: 86 bought or addedQ2 23: 112 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 202275127
Q1 2023102102
Q2 202386112

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 2.04Q2 23 calls: $97.8mQ2 23 puts: $159.2mQ2 23P/C 1.63
Numbers
QuarterCallsPutsP/C
Q3 2022$46.1m$143.5m3.11
Q4 2022$50.2m$247.7m4.93
Q1 2023$134.6m$274.0m2.04
Q2 2023$97.8m$159.2m1.63

Biggest buyers

Migdal Insurance & Financial Holdings Ltd. New +2,420,000+2.4m
CITIGROUP INC Added +1,849,445+1.8m
GOLDMAN SACHS GROUP INC Added +1,000,374+1.0m
BARCLAYS PLC Added +317,954+318.0k
CAPTRUST FINANCIAL ADVISORS Added +248,281+248.3k
Twin Tree Management, LP Added +145,018+145.0k
CAPITAL FUND MANAGEMENT S.A. Added +142,831+142.8k
HRT FINANCIAL LP New +137,593+137.6k
BANK HAPOALIM BM New +130,000+130.0k
SG Americas Securities, LLC Added +128,325+128.3k

Biggest sellers

CIBC Asset Management Inc Sold out -791,345-791.3k
MARSHALL WACE, LLP Sold out -494,469-494.5k
BANK OF AMERICA CORP /DE/ Reduced -344,631-344.6k
JPMORGAN CHASE & CO Reduced -343,539-343.5k
Segantii Capital Management Ltd Sold out -340,000-340.0k
UBS Group AG Reduced -305,664-305.7k
Balyasny Asset Management L.P. Sold out -277,245-277.2k
ROYAL BANK OF CANADA Reduced -244,505-244.5k
PEAK6 Investments LLC Reduced -175,262-175.3k
MORGAN STANLEY Reduced -156,402-156.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $40.7m1.1m shares
CITIGROUP INC New $22.7m629.6k shares
CITADEL ADVISORS LLC Reduced $16.8m465.6k shares
CAPITAL FUND MANAGEMENT S.A. Added $10.3m286.4k shares
Walleye Trading LLC Added $4.4m121.1k shares
MILLENNIUM MANAGEMENT LLC Unchanged $1.8m51.2k shares
WOLVERINE TRADING, LLC Reduced $1.1m29.4k shares
Cutler Group LLC / CA Reduced $19.0k8.9k shares

Biggest puts

CAPITAL FUND MANAGEMENT S.A. Added $41.2m1.1m shares
CITIGROUP INC New $30.5m847.7k shares
CITADEL ADVISORS LLC Reduced $21.9m609.4k shares
GOLDMAN SACHS GROUP INC New $18.0m500.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $15.9m442.9k shares
ROYAL BANK OF CANADA Unchanged $14.4m401.3k shares
Parallax Volatility Advisers, L.P. Reduced $6.3m175.0k shares
BOOTHBAY FUND MANAGEMENT, LLC Reduced $4.5m125.0k shares
PEAK6 Investments LLC Reduced $2.1m57.3k shares
WOLVERINE TRADING, LLC Reduced $1.9m51.8k 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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GOLDMAN SACHS GROUP INC 0.06% of their portfolio NEW YORK, NY 6,020,8646.0m $216.8m $216.8m 0.06% Added +1.0m +1,000,374
2 CITIGROUP INC 0.12% of their portfolio NEW YORK, NY 2,502,6302.5m $90.1m $90.1m 0.12% Added +1.8m +1,849,445
3 Migdal Insurance & Financial Holdings Ltd. 2.01% of their portfolio Petach Tikva, L3 2,420,0002.4m $87.1m $87.1m 2.01% New
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,332,0031.3m $48.0m $48.0m 0.00% Reduced -156.4k -156,402
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 842,700842.7k $30.3m $30.3m 0.00% Reduced -344.6k -344,631
6 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 805,907805.9k $29.0m $29.0m 0.00% Reduced -343.5k -343,539
7 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 426,239426.2k $15.3m $15.3m 0.01% Reduced -14.8k -14,837
8 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 400,870400.9k $14.4m $14.4m 0.01% Added +318.0k +317,954
9 Itau Unibanco Holding S.A. 0.67% of their portfolio SAO PAULO, D5 399,402399.4k $14.4m $14.4m 0.67% Reduced -131.7k -131,673
10 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 388,048388.0k $14.0m $14.0m 0.00% Added +77.6k +77,579
11 Twin Tree Management, LP 0.26% of their portfolio DALLAS, TX 345,692345.7k $12.4m $12.4m 0.26% Added +145.0k +145,018
12 CAPTRUST FINANCIAL ADVISORS 0.04% of their portfolio RALEIGH, NC 300,546300.5k $10.8m $10.8m 0.04% Added +248.3k +248,281
13 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 233,731233.7k $8.4m $8.4m 0.00% Reduced -244.5k -244,505
14 UBS Group AG 0.00% of their portfolio ZURICH, V8 221,351221.4k $8.0m $8.0m 0.00% Reduced -305.7k -305,664
15 MEITAV INVESTMENT HOUSE LTD 0.06% of their portfolio BENE-BERAQ, L3 218,990219.0k $7.9m $7.9m 0.06% Added +109.5k +109,495
16 Squarepoint Ops LLC 0.04% of their portfolio NEW YORK, NY 203,172203.2k $7.3m $7.3m 0.04% Added +122.8k +122,781
17 CAPITAL FUND MANAGEMENT S.A. 0.11% of their portfolio PARIS, I0 199,735199.7k $7.2m $7.2m 0.11% Added +142.8k +142,831
18 SG Americas Securities, LLC 0.06% of their portfolio NEW YORK, NY 191,946191.9k $6.9m $6.9m 0.06% Added +128.3k +128,325
19 Evolution Wealth Advisors, LLC 1.47% of their portfolio AVENTURA, FL 185,353185.4k $6.7m $6.7m 1.47% Reduced -3.6k -3,560
20 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 183,651183.7k $6.6m $6.6m 0.00% Added +3.8k +3,815
21 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 182,751182.8k $6.6m $6.6m 0.01% Reduced -117.9k -117,942
22 Alaska Permanent Fund Corp 0.13% of their portfolio JUNEAU, AK 180,000180.0k $6.5m $6.5m 0.13% First filing
23 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 169,581169.6k $6.1m $6.1m 0.01% Added +124.4k +124,361
24 ProVise Management Group, LLC 0.54% of their portfolio CLEARWATER, FL 166,871166.9k $6.0m $6.0m 0.54% Reduced -62.2k -62,231
25 Wharton Business Group, LLC 0.39% of their portfolio MALVERN, PA 162,561162.6k $5.9m $5.9m 0.39% Added +14.6k +14,565
26 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 141,283141.3k $5.1m $5.1m 0.00% Added +95.8k +95,836
27 HRT FINANCIAL LP 0.05% of their portfolio NEW YORK, NY 137,593137.6k $5.0m $5.0m 0.05% New
28 BANK HAPOALIM BM 0.67% of their portfolio TEL AVIV, L3 130,000130.0k $4.7m $4.7m 0.67% New
29 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 124,192124.2k $4.5m $4.5m 0.00% Added +19.4k +19,425
30 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 113,531113.5k $4.1m $4.1m 0.01% Reduced -7.9k -7,876
31 Parallax Volatility Advisers, L.P. 0.14% of their portfolio San Francisco, CA 109,909109.9k $4.0m $4.0m 0.14% Reduced -138.1k -138,081
32 CREDIT AGRICOLE S A 0.13% of their portfolio Montrouge Cedex, I0 108,108108.1k $3.9m $3.9m 0.13% New
33 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 97,23097.2k $3.5m $3.5m 0.00% New
34 Lighthouse Investment Partners, LLC 0.26% of their portfolio Palm Beach Gardens, FL 94,31194.3k $3.4m $3.4m 0.26% New
35 JCSD Capital, LLC 7.28% of their portfolio Walnut Creek, CA 94,00094.0k $3.8m $3.8m 7.28% Unchanged
36 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 92,72692.7k $3.3m $3.3m 0.00% Added +6.7k +6,740
37 Vectors Research Management, LLC 0.92% of their portfolio New York, NY 90,18290.2k $3.2m $3.2m 0.92% Reduced -18.4k -18,407
38 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 79,79779.8k $3.0m $3.0m 0.00% Added +1.5k +1,516
39 COURIER CAPITAL LLC 0.22% of their portfolio BUFFALO, NY 79,05679.1k $2.8m $2.8m 0.22% New
40 Quantitative Investment Management, LLC 0.27% of their portfolio CHARLOTTESVILLE, VA 78,33178.3k $2.8m $2.8m 0.27% New
41 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 60,91060.9k $2.2m $2.2m 0.00% Added +10.6k +10,582
42 Sandy Spring Bank 0.11% of their portfolio Olney, MD 58,84758.8k $2.1m $2.1m 0.11% Reduced -4.9k -4,926
43 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 55,57455.6k $2.0m $2.0m 0.00% Reduced -34.0k -33,961
44 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 49,71549.7k $1.8m $1.8m 0.00% Reduced -91.1k -91,087
45 J.P. Morgan Private Wealth Advisors LLC 0.01% of their portfolio SAN FRANCISCO, CA 47,26447.3k $1.7m $1.7m 0.01% Reduced -3.9k -3,860
46 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 42,88842.9k $1.5m $1.5m 0.00% Reduced -12.4k -12,441
47 PEAK6 Investments LLC 0.13% of their portfolio CHICAGO, IL 42,26342.3k $1.5m $1.5m 0.13% Reduced -175.3k -175,262
48 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 40,32240.3k $1.4m $1.4m 0.00% Reduced -54.0k -54,009
49 Aspen Grove Capital, LLC 0.44% of their portfolio AVON, CO 37,51637.5k $1.4m $1.4m 0.44% Added +64 +64
50 DRW Securities, LLC 0.10% of their portfolio CHICAGO, IL 36,27836.3k $1.3m $1.3m 0.10% New
51 Lake Hills Wealth Management, LLC 1.33% of their portfolio AUSTIN, TX 34,00934.0k $1.2m $1.2m 1.33% New
52 Lineweaver Wealth Advisors, LLC 0.34% of their portfolio VALLEY VIEW, OH 33,55333.6k $1.2m $1.2m 0.34% New
53 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 32,69932.7k $1.2m $1.2m 0.01% New
54 Legacy Capital Wealth Partners, LLC 0.96% of their portfolio LITTLE ROCK, AR 32,08532.1k $1.2m $1.2m 0.96% Reduced -52.6k -52,554
55 Cetera Advisor Networks LLC 0.01% of their portfolio EL SEGUNDO, CA 31,40931.4k $1.1m $1.1m 0.01% Added +7.2k +7,233
56 Main Management LLC 0.11% of their portfolio SAN FRANCISCO, CA 30,55130.6k $1.1m $1.1m 0.11% Unchanged
57 WEXFORD CAPITAL LP 0.20% of their portfolio WEST PALM BEACH, FL 27,99228.0k $1.0m $1.0m 0.20% New
58 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 26,39426.4k $950.2k $950.2k 0.00% Reduced -18.7k -18,684
59 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 23,51523.5k $847.0k $847.0k 0.00% Reduced -1.6k -1,617
60 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 23,40023.4k $842.4k $842.4k 0.00% New
61 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 22,24222.2k $800.7k $800.7k 0.01% New
62 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 22,22322.2k $800.0k $800.0k 0.01% Reduced -2.9k -2,876
63 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 21,61521.6k $778.2k $778.2k 0.00% Reduced -2.6k -2,596
64 StrategIQ Financial Group, LLC 0.09% of their portfolio MERRILLVILLE, IN 20,84820.8k $750.5k $750.5k 0.09% Added +195 +195
65 GM Advisory Group, LLC 0.06% of their portfolio MELVILLE, NY 20,52520.5k $738.9k $738.9k 0.06% Unchanged
66 WOLVERINE TRADING, LLC 0.01% of their portfolio CHICAGO, IL 19,76819.8k $715.6k $715.6k 0.01% Added +5.9k +5,933
67 EP Wealth Advisors, LLC 0.00% of their portfolio TORRANCE, CA 19,44919.4k $224.1k $224.1k 0.00% New
68 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 18,83018.8k $678.0k $678.0k 0.00% Reduced -3.7k -3,703
69 CAPE COD FIVE CENTS SAVINGS BANK 0.07% of their portfolio HYANNIS, MA 18,54018.5k $667.4k $667.4k 0.07% Reduced -9.7k -9,706
70 Quantbot Technologies LP 0.04% of their portfolio NEW YORK, NY 17,68217.7k $636.6k $636.6k 0.04% Added +10.3k +10,300
71 Simmons Bank 0.05% of their portfolio Pine Bluff, AR 16,24816.2k $584.9k $584.9k 0.05% Reduced -1.0k -1,025
72 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 15,01915.0k $540.7k $540.7k 0.01% Reduced -2.8k -2,754
73 AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio DALLAS, TX 14,90314.9k $536.5k $536.5k 0.01% Added +361 +361
74 MAI Capital Management 0.01% of their portfolio INDEPENDENCE, OH 14,60114.6k $525.6k $525.6k 0.01% Reduced -3.6k -3,648
75 Curi Capital, LLC 0.02% of their portfolio CHICAGO, IL 14,58714.6k $525.1k $525.1k 0.02% Unchanged
76 Graves Light Lenhart Wealth, Inc. 0.07% of their portfolio HARRISONBURG, VA 14,05814.1k $506.1k $506.1k 0.07% Unchanged
77 Mariner, LLC 0.00% of their portfolio Overland Park, KS 13,86813.9k $499.2k $499.2k 0.00% Reduced -11.1k -11,062
78 Horizon Family Wealth, Inc. 0.48% of their portfolio CHICAGO, IL 13,82813.8k $497.8k $497.8k 0.48% Added +116 +116
79 Pettinga Financial Advisors LLC 0.14% of their portfolio EVANSVILLE, IN 13,40013.4k $482.4k $482.4k 0.14% Unchanged
80 Exchange Capital Management, Inc. 0.09% of their portfolio Ann Arbor, MI 13,16613.2k $474.0k $474.0k 0.09% Unchanged
81 Wealthfront Advisers LLC 0.00% of their portfolio Palo Alto, CA 13,14713.1k $473.3k $473.3k 0.00% Added +3.8k +3,833
82 CALTON & ASSOCIATES, INC. 0.22% of their portfolio Tampa, FL 12,96113.0k $466.6k $466.6k 0.22% Added +7.2k +7,233
83 Integrated Advisors Network LLC 0.03% of their portfolio DALLAS, TX 12,95513.0k $466.4k $466.4k 0.03% New
84 Camelot Portfolios, LLC 0.28% of their portfolio Maumee, OH 12,55912.6k $452.1k $452.1k 0.28% New
85 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 12,52912.5k $451.0k $451.0k 0.00% Reduced -206 -206
86 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 12,52112.5k $450.8k $450.8k 0.01% Added +1.2k +1,191
87 COBBLESTONE CAPITAL ADVISORS LLC /NY/ 0.03% of their portfolio ROCHESTER, NY 12,10012.1k $435.6k $435.6k 0.03% Reduced -17 -17
88 NORTH STAR ASSET MANAGEMENT INC 0.02% of their portfolio NEENAH, WI 12,04712.0k $433.7k $433.7k 0.02% Reduced -800 -800
89 BigSur Wealth Management LLC 0.20% of their portfolio MIAMI, FL 11,62511.6k $418.5k $418.5k 0.20% Reduced -1.0k -1,000
90 Family Manage LLC 0.09% of their portfolio NEW YORK, NY 11,60211.6k $417.7k $417.7k 0.09% New
91 WP Advisors, LLC 0.15% of their portfolio San Francisco, CA 10,69510.7k $385.0k $385.0k 0.15% Added +1.0k +1,043
92 NATIXIS 0.00% of their portfolio PARIS, I0 10,41710.4k $375.0k $375.0k 0.00% Unchanged
93 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 10,41710.4k $375.0k $375.0k 0.01% Reduced -914 -914
94 CX Institutional 0.02% of their portfolio AUBURN, IN 10,37910.4k $373.7k $373.7k 0.02% New
95 Samalin Investment Counsel, LLC 0.20% of their portfolio CHAPPAQUA, NY 10,06310.1k $362.3k $362.3k 0.20% Reduced -1.8k -1,750
96 Aristides Capital LLC 0.21% of their portfolio LOUISVILLE, KY 10,03210.0k $361.2k $361.2k 0.21% Added +4.3k +4,274
97 CHARTIST INC /CA/ 0.19% of their portfolio SEAL BEACH, CA 9,97110.0k $359.0k $359.0k 0.19% Reduced -345 -345
98 Veritable, L.P. 0.01% of their portfolio Newtown Square, PA 9,9069.9k $356.6k $356.6k 0.01% Unchanged
99 HB Wealth Management, LLC 0.01% of their portfolio Atlanta, GA 9,8219.8k $353.6k $353.6k 0.01% Reduced -11.4k -11,437
100 JOHNSON INVESTMENT COUNSEL INC 0.00% of their portfolio Cincinnati, OH 9,5589.6k $344.1k $344.1k 0.00% Added +8 +8