Vault-13

SPDR SER TR KBE

S&P BK ETF · ETP · CUSIP 78464A797

203 institutional holders -9 vs Q2 2023
14,957,39415.0m shares reported held*
$552.0mreported value*
22 new 41 added 83 reduced 31 sold out net sold ≈ $256.3m (-7.0m 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 ($45.6k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $36.91. Options: 13 managers hold calls ($62.6m notional), 15 hold puts ($91.4m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 244Q4 22: 230Q1 23: 213Q2 23: 212Q3 23: 203203Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022244
Q4 2022230
Q1 2023213
Q2 2023212
Q3 2023203

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 23Q3 23: 63 bought or addedQ3 23: 114 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 202275127
Q1 2023102102
Q2 202386112
Q3 202363114

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ4 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 1.63Q3 23 calls: $62.6mQ3 23 puts: $91.4mQ3 23P/C 1.46
Numbers
QuarterCallsPutsP/C
Q4 2022$50.2m$247.7m4.93
Q1 2023$134.6m$274.0m2.04
Q2 2023$97.8m$159.2m1.63
Q3 2023$62.6m$91.4m1.46

Biggest buyers

TWO SIGMA INVESTMENTS, LP Added +294,300+294.3k
Wharton Business Group, LLC Added +276,920+276.9k
CITADEL ADVISORS LLC Added +226,140+226.1k
Clarity Financial LLC New +145,074+145.1k
BNP PARIBAS FINANCIAL MARKETS Added +84,767+84.8k
DRW Securities, LLC Added +47,008+47.0k
Baker Avenue Asset Management, LP New +41,407+41.4k
GTS SECURITIES LLC New +39,438+39.4k
Wakefield Asset Management LLLP New +35,296+35.3k
M Holdings Securities, Inc. New +30,439+30.4k

Biggest sellers

Migdal Insurance & Financial Holdings Ltd. Sold out -2,420,000-2.4m
CITIGROUP INC Reduced -1,926,617-1.9m
GOLDMAN SACHS GROUP INC Reduced -937,282-937.3k
BARCLAYS PLC Reduced -331,576-331.6k
Twin Tree Management, LP Reduced -273,128-273.1k
MEITAV INVESTMENT HOUSE LTD Reduced -192,847-192.8k
MILLENNIUM MANAGEMENT LLC Reduced -161,055-161.1k
MORGAN STANLEY Reduced -159,254-159.3k
JPMORGAN CHASE & CO Reduced -153,395-153.4k
BANK OF AMERICA CORP /DE/ Reduced -148,097-148.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $29.3m793.8k shares
Walleye Trading LLC Added $8.1m218.8k shares
CITADEL ADVISORS LLC Reduced $7.2m195.5k shares
UBS Group AG New $4.9m132.4k shares
GTS SECURITIES LLC New $4.5m122.2k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $3.3m90.2k shares
WOLVERINE TRADING, LLC Added $2.2m59.7k shares
BANK OF MONTREAL /CAN/ New $1.2m31.0k shares
MILLENNIUM MANAGEMENT LLC Reduced $1.1m30.0k shares
Parallax Volatility Advisers, L.P. New $766.5k20.8k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $21.8m591.1k shares
ROYAL BANK OF CANADA Unchanged $14.8m401.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $12.7m345.2k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $8.4m227.0k shares
BOOTHBAY FUND MANAGEMENT, LLC Added $7.4m200.0k shares
GTS SECURITIES LLC New $6.3m170.7k shares
UBS Group AG New $4.9m132.4k shares
CREDIT AGRICOLE S A New $3.7m100.0k shares
PEAK6 Investments LLC Added $3.6m97.3k shares
Walleye Trading LLC Added $2.8m74.7k 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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 5,083,5825.1m $187.3m $187.3m 0.05% Reduced -937.3k -937,282
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,172,7491.2m $43.2m $43.2m 0.00% Reduced -159.3k -159,254
3 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 694,603694.6k $25.6m $25.6m 0.00% Reduced -148.1k -148,097
4 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 652,512652.5k $24.0m $24.0m 0.00% Reduced -153.4k -153,395
5 CITIGROUP INC 0.03% of their portfolio NEW YORK, NY 576,013576.0k $21.2m $21.2m 0.03% Reduced -1.9m -1,926,617
6 Wharton Business Group, LLC 0.90% of their portfolio MALVERN, PA 439,481439.5k $16.2m $16.2m 0.90% Added +276.9k +276,920
7 Itau Unibanco Holding S.A. 0.66% of their portfolio SAO PAULO, D5 405,154405.2k $14.9m $14.9m 0.66% Added +5.8k +5,752
8 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 381,873381.9k $14.1m $14.1m 0.01% Reduced -44.4k -44,366
9 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 344,823344.8k $12.7m $12.7m 0.00% Reduced -43.2k -43,225
10 TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio NEW YORK, NY 317,700317.7k $11.7m $11.7m 0.03% Added +294.3k +294,300
11 CAPTRUST FINANCIAL ADVISORS 0.04% of their portfolio RALEIGH, NC 287,553287.6k $10.6m $10.6m 0.04% Reduced -13.0k -12,993
12 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 234,836234.8k $8.7m $8.7m 0.01% Added +226.1k +226,140
13 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 214,352214.4k $7.9m $7.9m 0.00% Reduced -19.4k -19,379
14 UBS Group AG 0.00% of their portfolio ZURICH, V8 205,702205.7k $7.6m $7.6m 0.00% Reduced -15.6k -15,649
15 Evolution Wealth Advisors, LLC 1.54% of their portfolio AVENTURA, FL 187,228187.2k $6.9m $6.9m 1.54% Added +1.9k +1,875
16 Alaska Permanent Fund Corp 0.12% of their portfolio JUNEAU, AK 180,000180.0k $6.6m $6.6m 0.12% Unchanged
17 ProVise Management Group, LLC 0.58% of their portfolio CLEARWATER, FL 168,573168.6k $6.2m $6.2m 0.58% Added +1.7k +1,702
18 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 165,173165.2k $6.1m $6.1m 0.00% Reduced -18.5k -18,478
19 SG Americas Securities, LLC 0.08% of their portfolio NEW YORK, NY 162,255162.3k $6.0m $6.0m 0.08% Reduced -29.7k -29,691
20 Clarity Financial LLC 0.92% of their portfolio Houston, TX 145,074145.1k $5.3m $5.3m 0.92% New
21 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 134,482134.5k $5.0m $5.0m 0.01% Added +84.8k +84,767
22 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 129,014129.0k $4.8m $4.8m 0.00% Added +4.8k +4,822
23 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 118,286118.3k $4.4m $4.4m 0.00% Reduced -23.0k -22,997
24 JCSD Capital, LLC 9.24% of their portfolio Walnut Creek, CA 108,000108.0k $4.5m $4.5m 9.24% Added +14.0k +14,000
25 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 104,360104.4k $3.8m $3.8m 0.01% Reduced -9.2k -9,171
26 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 93,51493.5k $3.4m $3.4m 0.01% Reduced -89.2k -89,237
27 DRW Securities, LLC 0.24% of their portfolio CHICAGO, IL 83,28683.3k $3.1m $3.1m 0.24% Added +47.0k +47,008
28 CAPITAL FUND MANAGEMENT S.A. 0.04% of their portfolio PARIS, I0 82,45982.5k $3.0m $3.0m 0.04% Reduced -117.3k -117,276
29 Twin Tree Management, LP 0.09% of their portfolio DALLAS, TX 72,56472.6k $2.7m $2.7m 0.09% Reduced -273.1k -273,128
30 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 69,29469.3k $2.6m $2.6m 0.00% Reduced -331.6k -331,576
31 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 62,81262.8k $2.3m $2.3m 0.00% Reduced -29.9k -29,914
32 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 61,41561.4k $2.3m $2.3m 0.01% Reduced -141.8k -141,757
33 PEAK6 Investments LLC 0.11% of their portfolio CHICAGO, IL 61,36061.4k $2.3m $2.3m 0.11% Added +19.1k +19,097
34 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 60,73760.7k $2.2m $2.2m 0.00% Added +5.2k +5,163
35 Sandy Spring Bank 0.12% of their portfolio Olney, MD 57,72157.7k $2.1m $2.1m 0.12% Reduced -1.1k -1,126
36 Parallax Volatility Advisers, L.P. 0.07% of their portfolio San Francisco, CA 53,04553.0k $2.0m $2.0m 0.07% Reduced -56.9k -56,864
37 CREDIT AGRICOLE S A 0.05% of their portfolio Montrouge Cedex, I0 48,28448.3k $1.8m $1.8m 0.05% Reduced -59.8k -59,824
38 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 45,70045.7k $1.7m $1.7m 0.00% Reduced -51.5k -51,530
39 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 42,50842.5k $1.6m $1.6m 0.00% Reduced -380 -380
40 Baker Avenue Asset Management, LP 0.08% of their portfolio SAN FRANCISCO, CA 41,40741.4k $1.5m $1.5m 0.08% New
41 HRT FINANCIAL LP 0.02% of their portfolio NEW YORK, NY 41,22741.2k $1.5m $1.5m 0.02% Reduced -96.4k -96,366
42 J.P. Morgan Private Wealth Advisors LLC 0.00% of their portfolio SAN FRANCISCO, CA 39,79339.8k $1.5m $1.5m 0.00% Reduced -7.5k -7,471
43 GTS SECURITIES LLC 0.03% of their portfolio NEW YORK, NY 39,43839.4k $1.5m $1.5m 0.03% New
44 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 38,76638.8k $1.4m $1.4m 0.00% Reduced -22.1k -22,144
45 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 38,28138.3k $1.4m $1.4m 0.00% Reduced -2.0k -2,041
46 Aspen Grove Capital, LLC 0.51% of their portfolio AVON, CO 37,59037.6k $1.4m $1.4m 0.51% Added +74 +74
47 Wakefield Asset Management LLLP 0.59% of their portfolio Englewood, CO 35,29635.3k $1.3m $1.3m 0.59% New
48 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 32,40932.4k $1.2m $1.2m 0.01% Reduced -290 -290
49 Cetera Advisor Networks LLC 0.01% of their portfolio EL SEGUNDO, CA 31,87131.9k $1.2m $1.2m 0.01% Added +462 +462
50 Main Management LLC 0.11% of their portfolio SAN FRANCISCO, CA 30,55130.6k $1.1m $1.1m 0.11% Unchanged
51 M Holdings Securities, Inc. 0.15% of their portfolio PORTLAND, OR 30,43930.4k $1.1m $1.1m 0.15% New
52 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 28,14228.1k $1.0m $1.0m 0.01% Added +5.9k +5,900
53 CAPE COD FIVE CENTS SAVINGS BANK 0.05% of their portfolio HYANNIS, MA 26,62626.6k $981.2k $981.2k 0.05% Added +8.1k +8,086
54 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 26,26226.3k $967.8k $967.8k 0.00% Reduced -132 -132
55 MEITAV INVESTMENT HOUSE LTD 0.02% of their portfolio BENE-BERAQ, L3 26,14326.1k $963.4k $963.4k 0.02% Reduced -192.8k -192,847
56 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 24,96125.0k $920.0k $920.0k 0.00% Added +1.4k +1,446
57 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 22,92422.9k $844.8k $844.8k 0.00% Added +14.0k +13,994
58 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 22,77322.8k $839.2k $839.2k 0.00% Added +1.2k +1,158
59 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 22,36122.4k $862.0k $862.0k 0.00% Reduced -57.4k -57,436
60 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 21,97322.0k $810.0k $810.0k 0.00% Added +3.1k +3,143
61 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 21,20321.2k $781.3k $781.3k 0.01% Reduced -1.0k -1,020
62 GM Advisory Group, LLC 0.06% of their portfolio MELVILLE, NY 20,52520.5k $756.3k $756.3k 0.06% Unchanged
63 StrategIQ Financial Group, LLC 0.09% of their portfolio MERRILLVILLE, IN 20,43320.4k $753.0k $753.0k 0.09% Reduced -415 -415
64 Lineweaver Wealth Advisors, LLC 0.20% of their portfolio VALLEY VIEW, OH 18,98319.0k $699.4k $699.4k 0.20% Reduced -14.6k -14,570
65 PATHSTONE FAMILY OFFICE, LLC 0.00% of their portfolio ENGLEWOOD, NJ 16,30616.3k $600.9k $600.9k 0.00% New
66 Simmons Bank 0.05% of their portfolio Pine Bluff, AR 15,79515.8k $582.0k $582.0k 0.05% Reduced -453 -453
67 WOLVERINE TRADING, LLC 0.01% of their portfolio CHICAGO, IL 15,20715.2k $560.4k $560.4k 0.01% Reduced -4.6k -4,561
68 Curi Capital, LLC 0.02% of their portfolio CHICAGO, IL 14,58714.6k $537.5k $537.5k 0.02% Unchanged
69 Pettinga Financial Advisors LLC 0.15% of their portfolio EVANSVILLE, IN 13,27513.3k $489.2k $489.2k 0.15% Reduced -125 -125
70 Horizon Family Wealth, Inc. 0.47% of their portfolio CHICAGO, IL 13,17613.2k $485.5k $485.5k 0.47% Reduced -652 -652
71 Quantitative Investment Management, LLC 0.07% of their portfolio CHARLOTTESVILLE, VA 13,15613.2k $484.0k $484.0k 0.07% Reduced -65.2k -65,175
72 Mariner, LLC 0.00% of their portfolio Overland Park, KS 13,09713.1k $482.6k $482.6k 0.00% Reduced -771 -771
73 Exchange Capital Management, Inc. 0.09% of their portfolio Ann Arbor, MI 13,09113.1k $482.4k $482.4k 0.09% Reduced -75 -75
74 AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio DALLAS, TX 13,08813.1k $482.3k $482.3k 0.01% Reduced -1.8k -1,815
75 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 12,99313.0k $478.8k $478.8k 0.00% New
76 Integrated Advisors Network LLC 0.03% of their portfolio DALLAS, TX 12,94112.9k $476.9k $476.9k 0.03% Reduced -14 -14
77 Graves Light Lenhart Wealth, Inc. 0.06% of their portfolio HARRISONBURG, VA 12,65812.7k $459.6k $459.6k 0.06% Reduced -1.4k -1,400
78 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 12,42312.4k $458.0k $458.0k 0.00% Reduced -106 -106
79 Wealthfront Advisers LLC 0.00% of their portfolio Palo Alto, CA 12,20112.2k $449.6k $449.6k 0.00% Reduced -946 -946
80 MAI Capital Management 0.01% of their portfolio INDEPENDENCE, OH 12,15012.2k $447.7k $447.7k 0.01% Reduced -2.5k -2,451
81 COBBLESTONE CAPITAL ADVISORS LLC /NY/ 0.03% of their portfolio ROCHESTER, NY 12,10012.1k $445.9k $445.9k 0.03% Unchanged
82 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 11,85811.9k $437.0k $437.0k 0.00% Reduced -663 -663
83 BigSur Wealth Management LLC 0.22% of their portfolio MIAMI, FL 11,62511.6k $428.4k $428.4k 0.22% Unchanged
84 Family Manage LLC 0.10% of their portfolio NEW YORK, NY 11,60211.6k $427.5k $427.5k 0.10% Unchanged
85 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 11,51211.5k $424.2k $424.2k 0.00% Reduced -3.5k -3,507
86 NORTH STAR ASSET MANAGEMENT INC 0.02% of their portfolio NEENAH, WI 11,44711.4k $421.8k $421.8k 0.02% Reduced -600 -600
87 WP Advisors, LLC 0.17% of their portfolio San Francisco, CA 10,80210.8k $398.1k $398.1k 0.17% Added +107 +107
88 NATIXIS 0.00% of their portfolio PARIS, I0 10,41710.4k $383.9k $383.9k 0.00% Unchanged
89 WINTRUST INVESTMENTS LLC 0.04% of their portfolio CHICAGO, IL 10,06010.1k $371.0k $371.0k 0.04% Added +1.2k +1,247
90 Aristides Capital LLC 0.25% of their portfolio LOUISVILLE, KY 10,03210.0k $369.7k $369.7k 0.25% Unchanged
91 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 10,01810.0k $369.2k $369.2k 0.01% Reduced -399 -399
92 HB Wealth Management, LLC 0.01% of their portfolio Atlanta, GA 9,8219.8k $361.9k $361.9k 0.01% Unchanged
93 JOHNSON INVESTMENT COUNSEL INC 0.00% of their portfolio Cincinnati, OH 9,5589.6k $352.2k $352.2k 0.00% Unchanged
94 CX Institutional 0.02% of their portfolio AUBURN, IN 9,3229.3k $343.5k $343.5k 0.02% Reduced -1.1k -1,057
95 INNEALTA CAPITAL, LLC 0.15% of their portfolio AUSTIN, TX 9,0759.1k $334.4k $334.4k 0.15% Unchanged
96 BERKSHIRE ASSET MANAGEMENT LLC/PA 0.02% of their portfolio WILKES BARRE, PA 9,0379.0k $333.0k $333.0k 0.02% Unchanged
97 Samalin Investment Counsel, LLC 0.19% of their portfolio CHAPPAQUA, NY 8,9919.0k $331.3k $331.3k 0.19% Reduced -1.1k -1,072
98 CHARTIST INC /CA/ 0.19% of their portfolio SEAL BEACH, CA 8,7938.8k $324.0k $324.0k 0.19% Reduced -1.2k -1,178
99 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 8,6808.7k $319.9k $319.9k 0.00% Unchanged
100 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 8,5268.5k $314.2k $314.2k 0.00% Reduced -161.1k -161,055