Vault-13

SPDR SER TR KBE

S&P BK ETF · ETP · CUSIP 78464A797

215 institutional holders -4 vs Q1 2024
13,544,38513.5m shares reported held*
$629.4mreported value*
22 new 53 added 71 reduced 29 sold out net sold ≈ $160.2m (-3.5m 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 ($123.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $46.47. Options: 7 managers hold calls ($33.4m notional), 9 hold puts ($58.2m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 244Q4 22: 230Q1 23: 213Q2 23: 212Q3 23: 203Q4 23: 234Q1 24: 219Q2 24: 215215Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022244
Q4 2022230
Q1 2023213
Q2 2023212
Q3 2023203
Q4 2023234
Q1 2024219
Q2 2024215

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 outQ2 23: 86 bought or addedQ2 23: 112 cut or sold outQ2 23Q3 23: 63 bought or addedQ3 23: 114 cut or sold outQ4 23: 108 bought or addedQ4 23: 91 cut or sold outQ4 23Q1 24: 74 bought or addedQ1 24: 133 cut or sold outQ2 24: 75 bought or addedQ2 24: 100 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 202275127
Q1 2023102102
Q2 202386112
Q3 202363114
Q4 202310891
Q1 202474133
Q2 202475100

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ3 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 0.76Q2 24 calls: $33.4mQ2 24 puts: $58.2mQ2 24P/C 1.74
Numbers
QuarterCallsPutsP/C
Q3 2023$62.6m$91.4m1.46
Q4 2023$76.2m$131.4m1.73
Q1 2024$61.1m$46.7m0.76
Q2 2024$33.4m$58.2m1.74

Biggest buyers

ASSETMARK, INC Added +1,276,618+1.3m
TWO SIGMA INVESTMENTS, LP New +494,600+494.6k
Kestra Advisory Services, LLC Added +194,049+194.0k
CITIGROUP INC Added +155,408+155.4k
Key Square Capital Management LLC New +153,000+153.0k
Cercano Management LLC New +90,000+90.0k
OSAIC HOLDINGS, INC. Added +69,209+69.2k
ENVESTNET ASSET MANAGEMENT INC Added +44,020+44.0k
GSA CAPITAL PARTNERS LLP New +38,963+39.0k
Retireful, LLC New +38,157+38.2k

Biggest sellers

MORGAN STANLEY Reduced -3,266,179-3.3m
FLAGSHIP HARBOR ADVISORS, LLC Sold out -384,786-384.8k
GOLDMAN SACHS GROUP INC Reduced -323,271-323.3k
Squarepoint Ops LLC Sold out -295,124-295.1k
D. E. Shaw & Co., Inc. Sold out -276,881-276.9k
MILLENNIUM MANAGEMENT LLC Reduced -221,938-221.9k
UBS Group AG Reduced -208,143-208.1k
BANK OF AMERICA CORP /DE/ Reduced -181,708-181.7k
CITADEL ADVISORS LLC Sold out -170,155-170.2k
BNP PARIBAS FINANCIAL MARKETS Reduced -147,394-147.4k

Biggest calls

CITADEL ADVISORS LLC Reduced $9.9m214.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $6.6m141.4k shares
PEAK6 Investments LLC Added $5.8m125.4k shares
Parallax Volatility Advisers, L.P. Reduced $5.4m117.3k shares
Walleye Trading LLC Reduced $3.3m71.8k shares
GTS SECURITIES LLC Reduced $2.1m46.1k shares
Tidal Investments LLC New $187.0k400 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $20.5m441.2k shares
CITADEL ADVISORS LLC Reduced $10.0m215.5k shares
Parallax Volatility Advisers, L.P. Added $7.8m168.5k shares
Squarepoint Ops LLC Unchanged $7.0m150.0k shares
PEAK6 Investments LLC Added $3.6m77.0k shares
Walleye Trading LLC Reduced $3.0m64.5k shares
Balyasny Asset Management L.P. Added $2.8m60.0k shares
GTS SECURITIES LLC Added $2.7m58.7k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $867.5k18.7k 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, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 3,411,2463.4m $158.2m $158.2m 0.03% Reduced -323.3k -323,271
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,500,9261.5m $69.6m $69.6m 0.01% Reduced -3.3m -3,266,179
3 ASSETMARK, INC 0.18% of their portfolio CONCORD, CA 1,276,7181.3m $59.2m $59.2m 0.18% Added +1.3m +1,276,618
4 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 647,340647.3k $30.0m $30.0m 0.00% Reduced -181.7k -181,708
5 TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio NEW YORK, NY 494,600494.6k $22.9m $22.9m 0.05% New
6 Wharton Business Group, LLC 1.02% of their portfolio MALVERN, PA 427,406427.4k $19.8m $19.8m 1.02% Reduced -4.4k -4,445
7 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 385,238385.2k $17.9m $17.9m 0.00% Reduced -126.2k -126,242
8 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 372,557372.6k $17.3m $17.3m 0.01% Reduced -735 -735
9 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 314,422314.4k $14.6m $14.6m 0.00% Added +22.4k +22,388
10 Harel Insurance Investments & Financial Services Ltd. 0.26% of their portfolio Ramat Gan, L3 300,000300.0k $13.9m $13.9m 0.26% Unchanged
11 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 283,451283.5k $13.1m $13.1m 0.01% Added +155.4k +155,408
12 CAPTRUST FINANCIAL ADVISORS 0.04% of their portfolio RALEIGH, NC 241,712241.7k $11.2m $11.2m 0.04% Reduced -20.2k -20,239
13 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 205,450205.4k $9.5m $9.5m 0.05% Added +194.0k +194,049
14 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 204,965205.0k $9.5m $9.5m 0.00% Reduced -3.4k -3,431
15 ALTFEST L J & CO INC 1.25% of their portfolio NEW YORK, NY 196,482196.5k $9.1m $9.1m 1.25% Reduced -1.9k -1,853
16 ProVise Management Group, LLC 0.75% of their portfolio CLEARWATER, FL 190,879190.9k $8.9m $8.9m 0.75% Added +6.0k +6,038
17 SG Americas Securities, LLC 0.05% of their portfolio NEW YORK, NY 175,616175.6k $8.1m $8.1m 0.05% Added +734 +734
18 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 156,354156.4k $7.3m $7.3m 0.00% Reduced -49.4k -49,411
19 Key Square Capital Management LLC 49.99% of their portfolio Stamford, CT 153,000153.0k $7.1m $7.1m 49.99% New
20 UBS Group AG 0.00% of their portfolio ZURICH, V8 123,246123.2k $5.7m $5.7m 0.00% Reduced -208.1k -208,143
21 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 105,284105.3k $4.9m $4.9m 0.01% Added +9.2k +9,226
22 Alaska Permanent Fund Corp 0.08% of their portfolio JUNEAU, AK 105,000105.0k $5.7m $5.7m 0.08% Reduced -75.0k -75,000
23 CASTLEKEEP INVESTMENT ADVISORS LLC 3.35% of their portfolio WESTPORT, CT 93,57793.6k $4.3m $4.3m 3.35% Reduced -16.8k -16,760
24 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 91,48891.5k $4.2m $4.2m 0.00% Added +44.0k +44,020
25 Cercano Management LLC 0.11% of their portfolio BELLEVUE, WA 90,00090.0k $4.2m $4.2m 0.11% New
26 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 84,55884.6k $3.9m $3.9m 0.01% Added +69.2k +69,209
27 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 82,01882.0k $3.8m $3.8m 0.00% Added +7.7k +7,680
28 CAPITAL FUND MANAGEMENT S.A. 0.04% of their portfolio PARIS, I0 81,15981.2k $3.8m $3.8m 0.04% Added +27.6k +27,600
29 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 75,18075.2k $3.5m $3.5m 0.00% Reduced -3.3k -3,304
30 DRW Securities, LLC 0.19% of their portfolio CHICAGO, IL 70,00070.0k $3.1m $3.1m 0.19% Reduced -5.0k -5,000
31 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 63,51863.5k $2.9m $2.9m 0.01% Added +1.1k +1,084
32 Evolution Wealth Advisors, LLC 0.49% of their portfolio AVENTURA, FL 54,00754.0k $2.5m $2.5m 0.49% Reduced -690 -690
33 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 52,27552.3k $2.4m $2.4m 0.00% Added +25.1k +25,082
34 Sandy Spring Bank 0.11% of their portfolio Olney, MD 52,12352.1k $2.4m $2.4m 0.11% Reduced -1.4k -1,425
35 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 49,02849.0k $2.3m $2.3m 0.00% Reduced -8.9k -8,889
36 North Star Investment Management Corp. 0.16% of their portfolio CHICAGO, IL 47,69347.7k $2.2m $2.2m 0.16% Added +1.1k +1,137
37 Integrated Wealth Concepts LLC 0.03% of their portfolio WALTHAM, MA 40,63040.6k $1.9m $1.9m 0.03% Added +30.0k +29,973
38 GSA CAPITAL PARTNERS LLP 0.13% of their portfolio LONDON, X0 38,96339.0k $1.8m $1.8m 0.13% New
39 Retireful, LLC 0.83% of their portfolio HASLETT, MI 38,15738.2k $1.8m $1.8m 0.83% New
40 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 34,85534.9k $1.6m $1.6m 0.01% Added +1.2k +1,241
41 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 33,40633.4k $1.5m $1.5m 0.00% Reduced -16.3k -16,311
42 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 32,78632.8k $1.5m $1.5m 0.00% Added +2.0k +1,984
43 Segment Wealth Management, LLC 0.11% of their portfolio HOUSTON, TX 32,69032.7k $1.5m $1.5m 0.11% Unchanged
44 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 30,09330.1k $1.4m $1.4m 0.00% Added +1.6k +1,598
45 Aspen Grove Capital, LLC 0.33% of their portfolio AVON, CO 29,92029.9k $1.4m $1.4m 0.33% Unchanged
46 Brevan Howard Capital Management LP 0.08% of their portfolio ST. HELIER, Y9 27,00027.0k $1.3m $1.3m 0.08% New
47 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 25,96726.0k $1.2m $1.2m 0.00% New
48 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 24,00024.0k $1.1m $1.1m 0.00% Added +10.5k +10,500
49 MEITAV INVESTMENT HOUSE LTD 0.02% of their portfolio BENE-BERAQ, L3 21,71821.7k $1.0m $1.0m 0.02% Unchanged
50 GM Advisory Group, LLC 0.06% of their portfolio MELVILLE, NY 20,52520.5k $952.2k $952.2k 0.06% Unchanged
51 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.01% of their portfolio NEW YORK, NY 20,47220.5k $949.7k $949.7k 0.01% Unchanged
52 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.09% of their portfolio ORLANDO, FL 20,31520.3k $942.4k $942.4k 0.09% Reduced -3.6k -3,618
53 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 20,12920.1k $934.0k $934.0k 0.00% Added +60 +60
54 DISCOVERY CAPITAL MANAGEMENT, LLC / CT 0.12% of their portfolio SOUTH NORWALK, CT 19,33019.3k $896.7k $896.7k 0.12% New
55 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 18,95919.0k $879.5k $879.5k 0.00% Reduced -147.4k -147,394
56 Ascent Group, LLC 0.07% of their portfolio VIRGINIA BEACH, VA 18,50618.5k $858.5k $858.5k 0.07% New
57 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 18,18618.2k $843.6k $843.6k 0.00% Added +14 +14
58 Csenge Advisory Group 0.04% of their portfolio CLEARWATER, FL 16,78416.8k $778.6k $778.6k 0.04% New
59 TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio STAMFORD, CT 16,44416.4k $762.8k $762.8k 0.01% Added +10.6k +10,577
60 Curi Capital, LLC 0.02% of their portfolio CHICAGO, IL 14,58714.6k $676.7k $676.7k 0.02% Unchanged
61 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 14,43114.4k $669.5k $669.5k 0.00% Added +12.9k +12,864
62 Quantbot Technologies LP 0.03% of their portfolio NEW YORK, NY 14,19114.2k $658.3k $658.3k 0.03% Added +3.2k +3,191
63 Simmons Bank 0.05% of their portfolio Pine Bluff, AR 13,85513.9k $642.7k $642.7k 0.05% Reduced -440 -440
64 CALTON & ASSOCIATES, INC. 0.31% of their portfolio Tampa, FL 13,21013.2k $612.8k $612.8k 0.31% Added +22 +22
65 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 13,18113.2k $611.5k $611.5k 0.01% Added +3.1k +3,109
66 COWA, LLC 0.32% of their portfolio Tulsa, OK 12,91912.9k $599.3k $599.3k 0.32% Added +1.4k +1,376
67 Graves Light Lenhart Wealth, Inc. 0.07% of their portfolio HARRISONBURG, VA 12,32612.3k $569.2k $569.2k 0.07% Reduced -332 -332
68 COBBLESTONE CAPITAL ADVISORS LLC /NY/ 0.03% of their portfolio ROCHESTER, NY 12,10012.1k $561.3k $561.3k 0.03% Unchanged
69 Summit Financial, LLC 0.03% of their portfolio PARSIPPANY, NJ 12,02912.0k $558.0k $558.0k 0.03% New
70 VIMA LLC 1.22% of their portfolio TROY, MI 11,87411.9k $550.8k $550.8k 1.22% Reduced -1.0k -1,005
71 BigSur Wealth Management LLC 0.17% of their portfolio MIAMI, FL 11,62511.6k $539.3k $539.3k 0.17% Reduced -700 -700
72 CREDIT AGRICOLE S A 0.00% of their portfolio Montrouge Cedex, I0 11,14011.1k $516.8k $516.8k 0.00% Reduced -2.4k -2,414
73 Pettinga Financial Advisors LLC 0.13% of their portfolio EVANSVILLE, IN 11,04011.0k $512.1k $512.1k 0.13% Reduced -75 -75
74 Exchange Capital Management, Inc. 0.08% of their portfolio Ann Arbor, MI 10,79610.8k $500.8k $500.8k 0.08% Reduced -1.8k -1,762
75 CAPE COD FIVE CENTS SAVINGS BANK 0.05% of their portfolio HYANNIS, MA 10,42010.4k $483.4k $483.4k 0.05% Reduced -1.0k -1,042
76 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 10,40410.4k $482.7k $482.7k 0.00% Reduced -586 -586
77 NORTH STAR ASSET MANAGEMENT INC 0.02% of their portfolio NEENAH, WI 10,32210.3k $478.8k $478.8k 0.02% Reduced -25 -25
78 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 10,32110.3k $478.8k $478.8k 0.00% Reduced -985 -985
79 Trexquant Investment LP 0.01% of their portfolio STAMFORD, CT 10,07110.1k $467.2k $467.2k 0.01% Reduced -5.4k -5,427
80 HB Wealth Management, LLC 0.01% of their portfolio Atlanta, GA 9,8219.8k $455.6k $455.6k 0.01% Unchanged
81 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 9,4309.4k $437.0k $437.0k 0.00% Reduced -2.0k -2,007
82 WP Advisors, LLC 0.14% of their portfolio San Francisco, CA 9,3679.4k $434.6k $434.6k 0.14% Reduced -997 -997
83 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 9,2149.2k $424.8k $424.8k 0.00% Reduced -330 -330
84 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 9,1529.2k $424.6k $424.6k 0.00% Reduced -221.9k -221,938
85 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 9,1029.1k $422.0k $422.0k 0.00% Reduced -1.6k -1,622
86 INNEALTA CAPITAL, LLC 0.14% of their portfolio AUSTIN, TX 9,0759.1k $421.0k $421.0k 0.14% Unchanged
87 SYNOVUS FINANCIAL CORP 0.01% of their portfolio Columbus, GA 9,0009.0k $417.5k $417.5k 0.01% Added +2 +2
88 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 8,8558.9k $410.8k $410.8k 0.00% Reduced -650 -650
89 STEPHENS INC /AR/ 0.01% of their portfolio LITTLE ROCK, AR 8,8408.8k $410.1k $410.1k 0.01% Unchanged
90 Integrated Advisors Network LLC 0.02% of their portfolio DALLAS, TX 8,7188.7k $404.4k $404.4k 0.02% Reduced -452 -452
91 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 8,5058.5k $394.5k $394.5k 0.00% Added +136 +136
92 CHARTIST INC /CA/ 0.20% of their portfolio SEAL BEACH, CA 8,5028.5k $394.4k $394.4k 0.20% Reduced -36 -36
93 Montecito Bank & Trust 0.08% of their portfolio SANTA BARBARA, CA 8,4908.5k $393.9k $393.9k 0.08% Unchanged
94 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 8,4428.4k $391.6k $391.6k 0.00% Reduced -735 -735
95 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 8,3808.4k $388.7k $388.7k 0.00% Unchanged
96 BERKSHIRE ASSET MANAGEMENT LLC/PA 0.02% of their portfolio WILKES BARRE, PA 8,2878.3k $384.4k $384.4k 0.02% Reduced -750 -750
97 Waldron Private Wealth LLC 0.02% of their portfolio BRIDGEVILLE, PA 8,2878.3k $384.4k $384.4k 0.02% Unchanged
98 WINTRUST INVESTMENTS LLC 0.03% of their portfolio CHICAGO, IL 7,9297.9k $368.0k $368.0k 0.03% Reduced -569 -569
99 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 7,8357.8k $363.5k $363.5k 0.00% Reduced -65.7k -65,679
100 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.00% of their portfolio Madrid, U3 7,7397.7k $357.2k $357.2k 0.00% Added +1.0k +1,001