Vault-13

SPDR SER TR KBE

S&P BK ETF · ETP · CUSIP 78464A797

219 institutional holders -15 vs Q4 2023
17,020,06317.0m shares reported held*
$801.8mreported value*
36 new 38 added 86 reduced 47 sold out net sold ≈ $347.8m (-7.4m 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 ($2.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $47.11. Options: 10 managers hold calls ($61.1m notional), 13 hold puts ($46.7m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 244Q4 22: 230Q1 23: 213Q2 23: 212Q3 23: 203Q4 23: 234Q1 24: 219219Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022244
Q4 2022230
Q1 2023213
Q2 2023212
Q3 2023203
Q4 2023234
Q1 2024219

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 23Q4 23: 108 bought or addedQ4 23: 91 cut or sold outQ4 23Q1 24: 74 bought or addedQ1 24: 133 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 202275127
Q1 2023102102
Q2 202386112
Q3 202363114
Q4 202310891
Q1 202474133

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ2 23 calls: $97.8mQ2 23 puts: $159.2mQ2 23P/C 1.63Q3 23 calls: $62.6mQ3 23 puts: $91.4mQ3 23P/C 1.46Q4 23 calls: $76.2mQ4 23 puts: $131.4mQ4 23P/C 1.73Q1 24 calls: $61.1mQ1 24 puts: $46.7mQ1 24P/C 0.76
Numbers
QuarterCallsPutsP/C
Q2 2023$97.8m$159.2m1.63
Q3 2023$62.6m$91.4m1.46
Q4 2023$76.2m$131.4m1.73
Q1 2024$61.1m$46.7m0.76

Biggest buyers

FLAGSHIP HARBOR ADVISORS, LLC New +384,786+384.8k
Squarepoint Ops LLC New +295,124+295.1k
MORGAN STANLEY Added +280,041+280.0k
D. E. Shaw & Co., Inc. Added +155,412+155.4k
CITADEL ADVISORS LLC Added +145,932+145.9k
MIRABELLA FINANCIAL SERVICES LLP New +143,980+144.0k
BNP PARIBAS FINANCIAL MARKETS Added +140,601+140.6k
Belpointe Asset Management LLC Added +88,539+88.5k
DRW Securities, LLC New +75,000+75.0k
Baird Financial Group, Inc. Added +47,375+47.4k

Biggest sellers

JPMORGAN CHASE & CO Reduced -5,047,900-5.0m
GOLDMAN SACHS GROUP INC Reduced -1,302,214-1.3m
Migdal Insurance & Financial Holdings Ltd. Sold out -780,000-780.0k
ENVESTNET ASSET MANAGEMENT INC Reduced -241,697-241.7k
ELEMENT POINTE ADVISORS, LLC Sold out -210,465-210.5k
WELLS FARGO & COMPANY/MN Reduced -162,920-162.9k
GARDA CAPITAL PARTNERS LP Sold out -160,520-160.5k
Clark Capital Management Group, Inc. Sold out -135,479-135.5k
Evolution Wealth Advisors, LLC Reduced -131,561-131.6k
AXXCESS WEALTH MANAGEMENT, LLC Sold out -124,898-124.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $14.8m315.2k shares
Parallax Volatility Advisers, L.P. Added $13.9m295.1k shares
UBS Group AG New $10.8m229.9k shares
CITADEL ADVISORS LLC Reduced $10.1m215.2k shares
Walleye Trading LLC Reduced $3.9m83.2k shares
PEAK6 Investments LLC Added $2.9m62.6k shares
GTS SECURITIES LLC Reduced $2.8m59.4k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $1.4m30.6k shares
WOLVERINE TRADING, LLC New $287.3k6.1k shares
Cutler Group LLC / CA Reduced $47.0k5.0k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $11.1m235.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $9.5m201.3k shares
Squarepoint Ops LLC Unchanged $7.1m150.0k shares
Walleye Trading LLC Reduced $4.2m89.9k shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Added $3.8m80.0k shares
Parallax Volatility Advisers, L.P. Added $2.6m54.9k shares
GTS SECURITIES LLC Reduced $2.4m50.6k shares
NOMURA HOLDINGS INC Unchanged $1.9m40.0k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $1.8m37.4k shares
Balyasny Asset Management L.P. Unchanged $942.0k20.0k 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,767,1054.8m $224.5m $224.5m 0.01% Added +280.0k +280,041
2 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 3,734,5173.7m $175.9m $175.9m 0.04% Reduced -1.3m -1,302,214
3 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 829,048829.0k $39.0m $39.0m 0.00% Reduced -35.6k -35,614
4 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 511,480511.5k $24.1m $24.1m 0.00% Reduced -5.0m -5,047,900
5 Wharton Business Group, LLC 0.98% of their portfolio MALVERN, PA 431,851431.9k $20.3m $20.3m 0.98% Added +220 +220
6 FLAGSHIP HARBOR ADVISORS, LLC 1.16% of their portfolio BOSTON, MA 384,786384.8k $18.1m $18.1m 1.16% New
7 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 373,292373.3k $17.6m $17.6m 0.01% Reduced -2.2k -2,236
8 UBS Group AG 0.01% of their portfolio ZURICH, V8 331,389331.4k $15.6m $15.6m 0.01% Reduced -23.6k -23,595
9 Harel Insurance Investments & Financial Services Ltd. 0.27% of their portfolio Ramat Gan, L3 300,000300.0k $14.1m $14.1m 0.27% Unchanged
10 Squarepoint Ops LLC 0.06% of their portfolio NEW YORK, NY 295,124295.1k $13.9m $13.9m 0.06% New
11 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 292,034292.0k $13.8m $13.8m 0.00% Reduced -162.9k -162,920
12 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 276,881276.9k $13.0m $13.0m 0.02% Added +155.4k +155,412
13 CAPTRUST FINANCIAL ADVISORS 0.05% of their portfolio RALEIGH, NC 261,951262.0k $12.3m $12.3m 0.05% Reduced -15.7k -15,684
14 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 231,090231.1k $10.9m $10.9m 0.01% Reduced -52.5k -52,482
15 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 208,396208.4k $9.8m $9.8m 0.01% Reduced -14.2k -14,172
16 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 205,765205.8k $9.7m $9.7m 0.00% Added +35.9k +35,915
17 ALTFEST L J & CO INC 1.32% of their portfolio NEW YORK, NY 198,335198.3k $9.3m $9.3m 1.32% Reduced -2.9k -2,917
18 ProVise Management Group, LLC 0.75% of their portfolio CLEARWATER, FL 184,841184.8k $8.7m $8.7m 0.75% Added +15.6k +15,555
19 Alaska Permanent Fund Corp 0.12% of their portfolio JUNEAU, AK 180,000180.0k $8.5m $8.5m 0.12% Unchanged
20 SG Americas Securities, LLC 0.04% of their portfolio NEW YORK, NY 174,882174.9k $8.2m $8.2m 0.04% Reduced -28.3k -28,271
21 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 170,155170.2k $8.0m $8.0m 0.01% Added +145.9k +145,932
22 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 166,353166.4k $7.8m $7.8m 0.01% Added +140.6k +140,601
23 MIRABELLA FINANCIAL SERVICES LLP 0.49% of their portfolio London, X0 143,980144.0k $6.8m $6.8m 0.49% New
24 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 128,043128.0k $6.0m $6.0m 0.01% Reduced -15.5k -15,548
25 CASTLEKEEP INVESTMENT ADVISORS LLC 3.74% of their portfolio WESTPORT, CT 110,337110.3k $5.2m $5.2m 3.74% Reduced -3.1k -3,075
26 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 96,05896.1k $4.5m $4.5m 0.01% Added +3.7k +3,747
27 Belpointe Asset Management LLC 0.33% of their portfolio RENO, NV 93,92993.9k $4.4m $4.4m 0.33% Added +88.5k +88,539
28 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 78,48478.5k $3.7m $3.7m 0.01% Added +1.8k +1,759
29 DRW Securities, LLC 0.20% of their portfolio CHICAGO, IL 75,00075.0k $3.5m $3.5m 0.20% New
30 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 74,33874.3k $3.5m $3.5m 0.00% Added +13.9k +13,913
31 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 73,51473.5k $3.5m $3.5m 0.00% Added +37.0k +36,980
32 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 62,43462.4k $2.9m $2.9m 0.01% Added +47.4k +47,375
33 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 57,91757.9k $2.7m $2.7m 0.00% Reduced -1.4k -1,443
34 Evolution Wealth Advisors, LLC 0.49% of their portfolio AVENTURA, FL 54,69754.7k $2.6m $2.6m 0.49% Reduced -131.6k -131,561
35 CAPITAL FUND MANAGEMENT S.A. 0.03% of their portfolio PARIS, I0 53,55953.6k $2.5m $2.5m 0.03% Added +21.1k +21,100
36 Sandy Spring Bank 0.11% of their portfolio Olney, MD 53,54853.5k $2.5m $2.5m 0.11% Reduced -1.4k -1,385
37 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 49,71749.7k $2.3m $2.3m 0.01% Reduced -775 -775
38 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 47,46847.5k $2.2m $2.2m 0.00% Reduced -241.7k -241,697
39 North Star Investment Management Corp. 0.16% of their portfolio CHICAGO, IL 46,55646.6k $2.2m $2.2m 0.16% Reduced -436 -436
40 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 33,61433.6k $1.6m $1.6m 0.01% Reduced -4.5k -4,490
41 Segment Wealth Management, LLC 0.12% of their portfolio HOUSTON, TX 32,69032.7k $1.5m $1.5m 0.12% Unchanged
42 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 30,80230.8k $1.5m $1.5m 0.00% New
43 Aspen Grove Capital, LLC 0.40% of their portfolio AVON, CO 29,92029.9k $1.4m $1.4m 0.40% Reduced -1 -1
44 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 28,49528.5k $1.3m $1.3m 0.00% Added +2.2k +2,156
45 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 27,19327.2k $1.3m $1.3m 0.00% Reduced -26.5k -26,469
46 Baker Avenue Asset Management, LP 0.05% of their portfolio SAN FRANCISCO, CA 25,95226.0k $1.2m $1.2m 0.05% Reduced -18.4k -18,419
47 VCI Wealth Management LLC 0.78% of their portfolio ST LOUIS, MO 24,60324.6k $1.2m $1.2m 0.78% Reduced -4.8k -4,769
48 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.12% of their portfolio ORLANDO, FL 23,93323.9k $1.1m $1.1m 0.12% New
49 MEITAV INVESTMENT HOUSE LTD 0.02% of their portfolio BENE-BERAQ, L3 21,71821.7k $1.0m $1.0m 0.02% Unchanged
50 Visionary Horizons, LLC 0.73% of their portfolio Knoxville, TN 21,42721.4k $938.3k $938.3k 0.73% Reduced -66.1k -66,130
51 GM Advisory Group, LLC 0.07% of their portfolio MELVILLE, NY 20,52520.5k $966.7k $966.7k 0.07% Unchanged
52 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.01% of their portfolio NEW YORK, NY 20,47220.5k $964.2k $964.2k 0.01% Unchanged
53 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 20,11620.1k $948.0k $948.0k 0.00% Reduced -3.2k -3,238
54 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 20,06920.1k $946.1k $946.1k 0.00% Reduced -2.7k -2,657
55 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 18,17218.2k $855.9k $855.9k 0.00% Reduced -996 -996
56 Main Management LLC 0.07% of their portfolio SAN FRANCISCO, CA 17,50017.5k $824.0k $824.0k 0.07% Reduced -13.1k -13,051
57 Trexquant Investment LP 0.01% of their portfolio STAMFORD, CT 15,49815.5k $730.0k $730.0k 0.01% New
58 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 15,34915.3k $723.0k $723.0k 0.00% Reduced -16.0k -15,987
59 Avior Wealth Management, LLC 0.03% of their portfolio OMAHA, NE 15,00015.0k $706.5k $706.5k 0.03% New
60 Aspen Investment Management Inc 0.35% of their portfolio GRAND RAPIDS, MI 14,78014.8k $696.0k $696.0k 0.35% Added +70 +70
61 Curi Capital, LLC 0.02% of their portfolio CHICAGO, IL 14,58714.6k $687.0k $687.0k 0.02% Unchanged
62 Simmons Bank 0.05% of their portfolio Pine Bluff, AR 14,29514.3k $673.3k $673.3k 0.05% Reduced -1.5k -1,500
63 Tower Research Capital LLC (TRC) 0.02% of their portfolio NEW YORK, NY 14,18214.2k $668.0k $668.0k 0.02% Reduced -17.7k -17,748
64 WOLVERINE TRADING, LLC 0.01% of their portfolio CHICAGO, IL 13,76113.8k $648.1k $648.1k 0.01% New
65 CREDIT AGRICOLE S A 0.01% of their portfolio Montrouge Cedex, I0 13,55413.6k $588.2k $588.2k 0.01% Added +3.5k +3,476
66 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 13,50013.5k $635.9k $635.9k 0.00% New
67 CALTON & ASSOCIATES, INC. 0.30% of their portfolio Tampa, FL 13,18813.2k $621.1k $621.1k 0.30% Added +2.2k +2,221
68 VIMA LLC 0.55% of their portfolio TROY, MI 12,87912.9k $477.4k $477.4k 0.55% Added +842 +842
69 Graves Light Lenhart Wealth, Inc. 0.07% of their portfolio HARRISONBURG, VA 12,65812.7k $596.2k $596.2k 0.07% Unchanged
70 Exchange Capital Management, Inc. 0.10% of their portfolio Ann Arbor, MI 12,55812.6k $591.5k $591.5k 0.10% Reduced -185 -185
71 BigSur Wealth Management LLC 0.18% of their portfolio MIAMI, FL 12,32512.3k $580.5k $580.5k 0.18% Unchanged
72 COBBLESTONE CAPITAL ADVISORS LLC /NY/ 0.04% of their portfolio ROCHESTER, NY 12,10012.1k $569.9k $569.9k 0.04% Unchanged
73 COWA, LLC 0.32% of their portfolio Tulsa, OK 11,54311.5k $543.7k $543.7k 0.32% New
74 CAPE COD FIVE CENTS SAVINGS BANK 0.05% of their portfolio HYANNIS, MA 11,46211.5k $539.9k $539.9k 0.05% Reduced -1.1k -1,112
75 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 11,43711.4k $537.0k $537.0k 0.00% Reduced -3.9k -3,909
76 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 11,40111.4k $537.0k $537.0k 0.00% Reduced -729 -729
77 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 11,30611.3k $532.5k $532.5k 0.00% Unchanged
78 Pettinga Financial Advisors LLC 0.13% of their portfolio EVANSVILLE, IN 11,11511.1k $523.5k $523.5k 0.13% Reduced -1.8k -1,835
79 Quantbot Technologies LP 0.03% of their portfolio NEW YORK, NY 11,00011.0k $518.1k $518.1k 0.03% New
80 MAI Capital Management 0.01% of their portfolio INDEPENDENCE, OH 10,99011.0k $517.6k $517.6k 0.01% Added +1.1k +1,124
81 FLOW TRADERS U.S. LLC 0.03% of their portfolio NEW YORK, NY 10,87710.9k $512.0k $512.0k 0.03% New
82 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 10,72410.7k $505.0k $505.0k 0.00% Added +670 +670
83 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 10,65710.7k $501.9k $501.9k 0.01% Added +164 +164
84 WP Advisors, LLC 0.16% of their portfolio San Francisco, CA 10,36410.4k $488.1k $488.1k 0.16% Reduced -519 -519
85 NORTH STAR ASSET MANAGEMENT INC 0.02% of their portfolio NEENAH, WI 10,34710.3k $487.3k $487.3k 0.02% Reduced -2.7k -2,702
86 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 10,07210.1k $474.4k $474.4k 0.01% Reduced -107 -107
87 HB Wealth Management, LLC 0.01% of their portfolio Atlanta, GA 9,8219.8k $462.6k $462.6k 0.01% Unchanged
88 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 9,6669.7k $455.3k $455.3k 0.01% New
89 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 9,5449.5k $451.5k $451.5k 0.00% Added +1.1k +1,118
90 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 9,5059.5k $447.7k $447.7k 0.00% Added +22 +22
91 Y-Intercept (Hong Kong) Ltd 0.03% of their portfolio HONG KONG, K3 9,2229.2k $434.4k $434.4k 0.03% New
92 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 9,1779.2k $432.2k $432.2k 0.00% Reduced -2.9k -2,905
93 Integrated Advisors Network LLC 0.02% of their portfolio DALLAS, TX 9,1709.2k $431.9k $431.9k 0.02% Reduced -3.8k -3,812
94 INNEALTA CAPITAL, LLC 0.18% of their portfolio AUSTIN, TX 9,0759.1k $427.4k $427.4k 0.18% Unchanged
95 BERKSHIRE ASSET MANAGEMENT LLC/PA 0.02% of their portfolio WILKES BARRE, PA 9,0379.0k $426.0k $426.0k 0.02% Unchanged
96 SYNOVUS FINANCIAL CORP 0.01% of their portfolio Columbus, GA 8,9989.0k $423.8k $423.8k 0.01% Added +3.3k +3,256
97 STEPHENS INC /AR/ 0.01% of their portfolio LITTLE ROCK, AR 8,8408.8k $416.4k $416.4k 0.01% Added +1.3k +1,317
98 Walleye Capital LLC 0.00% of their portfolio NEW YORK, NY 8,8008.8k $414.5k $414.5k 0.00% New
99 CHARTIST INC /CA/ 0.21% of their portfolio SEAL BEACH, CA 8,5388.5k $402.2k $402.2k 0.21% Reduced -152 -152
100 WINTRUST INVESTMENTS LLC 0.04% of their portfolio CHICAGO, IL 8,4988.5k $400.0k $400.0k 0.04% Reduced -1.8k -1,771