Vault-13

SPDR SER TR KBE

S&P BK ETF · ETP · CUSIP 78464A797

266 institutional holders +16 vs Q1 2026
28,613,64428.6m shares reported held*
$2.0bnreported value*
41 new 77 added 70 reduced 25 sold out net bought ≈ $852.6m (+12.5m 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 ($230.6k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $68.24. Options: 6 managers hold calls ($70.6m notional), 11 hold puts ($796.3m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 244Q4 22: 230Q1 23: 213Q2 23: 212Q3 23: 203Q4 23: 234Q1 24: 219Q2 24: 215Q3 24: 220Q4 24: 259Q1 25: 245Q2 25: 249Q3 25: 249Q4 25: 266Q1 26: 250Q2 26: 266266Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022244
Q4 2022230
Q1 2023213
Q2 2023212
Q3 2023203
Q4 2023234
Q1 2024219
Q2 2024215
Q3 2024220
Q4 2024259
Q1 2025245
Q2 2025249
Q3 2025249
Q4 2025266
Q1 2026250
Q2 2026266

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 24: 95 bought or addedQ3 24: 95 cut or sold outQ4 24: 118 bought or addedQ4 24: 85 cut or sold outQ4 24Q1 25: 111 bought or addedQ1 25: 108 cut or sold outQ2 25: 104 bought or addedQ2 25: 109 cut or sold outQ2 25Q3 25: 98 bought or addedQ3 25: 100 cut or sold outQ4 25: 102 bought or addedQ4 25: 103 cut or sold outQ4 25Q1 26: 104 bought or addedQ1 26: 107 cut or sold outQ2 26: 118 bought or addedQ2 26: 95 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20249595
Q4 202411885
Q1 2025111108
Q2 2025104109
Q3 202598100
Q4 2025102103
Q1 2026104107
Q2 202611895

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bnQ3 25 calls: $134.7mQ3 25 puts: $205.8mQ3 25P/C 1.53Q4 25 calls: $167.6mQ4 25 puts: $532.7mQ4 25P/C 3.18Q1 26 calls: $51.1mQ1 26 puts: $1.1bnQ1 26P/C 20.93Q2 26 calls: $70.6mQ2 26 puts: $796.3mQ2 26P/C 11.27
Numbers
QuarterCallsPutsP/C
Q3 2025$134.7m$205.8m1.53
Q4 2025$167.6m$532.7m3.18
Q1 2026$51.1m$1.1bn20.93
Q2 2026$70.6m$796.3m11.27

Biggest buyers

MORGAN STANLEY Added +5,466,662+5.5m
GOLDMAN SACHS GROUP INC Added +3,826,659+3.8m
CITIGROUP INC Added +1,547,031+1.5m
BARCLAYS PLC Added +1,365,072+1.4m
JPMORGAN CHASE & CO Added +758,093+758.1k
PRUDENTIAL PLC New +261,100+261.1k
Kestra Advisory Services, LLC Added +231,974+232.0k
BANK OF AMERICA CORP /DE/ Added +215,759+215.8k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND New +147,211+147.2k
SG Americas Securities, LLC New +105,703+105.7k

Biggest sellers

TWO SIGMA INVESTMENTS, LP Reduced -493,500-493.5k
JANE STREET GROUP, LLC Reduced -267,519-267.5k
MILLENNIUM MANAGEMENT LLC Sold out -229,743-229.7k
Balyasny Asset Management L.P. Reduced -212,633-212.6k
Madison Asset Management, LLC Reduced -178,063-178.1k
ROYAL BANK OF CANADA Reduced -148,128-148.1k
UBS Group AG Reduced -128,077-128.1k
Bank of New York Mellon Corp Reduced -109,834-109.8k
HRT FINANCIAL LP Sold out -105,442-105.4k
CREDIT INDUSTRIEL ET COMMERCIAL Sold out -87,134-87.1k

Biggest calls

Balyasny Asset Management L.P. New $42.7m626.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $12.4m181.3k shares
UBS Group AG Reduced $9.2m134.6k shares
JANE STREET GROUP, LLC Added $3.4m50.2k shares
CITADEL ADVISORS LLC Reduced $2.4m34.8k shares
Verition Fund Management LLC Added $579.9k8.5k shares

Biggest puts

BANK OF MONTREAL /CAN/ Reduced $238.8m3.5m shares
JANE STREET GROUP, LLC Reduced $213.0m3.1m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $155.0m2.3m shares
Balyasny Asset Management L.P. Reduced $124.1m1.8m shares
CITADEL ADVISORS LLC Reduced $23.7m347.8k shares
ROYAL BANK OF CANADA Unchanged $17.1m250.0k shares
Walleye Trading LLC Reduced $10.2m150.0k shares
TUDOR INVESTMENT CORP ET AL Reduced $6.8m100.0k shares
UBS Group AG New $6.8m100.0k shares
Verition Fund Management LLC New $388.9k5.7k 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 7,004,2377.0m $477.8m $477.8m 0.05% Added +3.8m +3,826,659
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 6,846,2166.8m $467.0m $467.0m 0.02% Added +5.5m +5,466,662
3 CITIGROUP INC 0.06% of their portfolio NEW YORK, NY 2,006,9632.0m $136.9m $136.9m 0.06% Added +1.5m +1,547,031
4 BARCLAYS PLC 0.03% of their portfolio LONDON, X0 1,565,5181.6m $106.8m $106.8m 0.03% Added +1.4m +1,365,072
5 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,294,6761.3m $88.3m $88.3m 0.01% Added +215.8k +215,759
6 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 829,925829.9k $56.6m $56.6m 0.00% Added +758.1k +758,093
7 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 664,895664.9k $45.4m $45.4m 0.01% Added +20.5k +20,468
8 Wharton Business Group, LLC 1.23% of their portfolio MALVERN, PA 537,221537.2k $36.6m $36.6m 1.23% Reduced -625 -625
9 UBS Group AG 0.01% of their portfolio ZURICH, V8 524,433524.4k $35.8m $35.8m 0.01% Reduced -128.1k -128,077
10 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 490,560490.6k $33.5m $33.5m 0.02% Reduced -267.5k -267,519
11 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 480,940480.9k $32.8m $32.8m 0.02% Reduced -493.5k -493,500
12 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 438,145438.1k $29.9m $29.9m 0.01% Reduced -148.1k -148,128
13 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 355,424355.4k $24.2m $24.2m 0.01% Added +20.9k +20,882
14 Janney Montgomery Scott LLC 0.04% of their portfolio PHILADELPHIA, PA 324,198324.2k $22.1m $22.1m 0.04% Reduced -10.7k -10,650
15 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 304,248304.2k $20.8m $20.8m 0.01% Reduced -10.4k -10,374
16 PRUDENTIAL PLC 0.12% of their portfolio LONDON, X0 261,100261.1k $17.8m $17.8m 0.12% New
17 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 246,764246.8k $16.8m $16.8m 0.05% Added +232.0k +231,974
18 ProVise Management Group, LLC 1.07% of their portfolio CLEARWATER, FL 233,055233.1k $15.9m $15.9m 1.07% Added +11.6k +11,581
19 CASTLEKEEP INVESTMENT ADVISORS LLC 7.24% of their portfolio WESTPORT, CT 211,894211.9k $14.5m $14.5m 7.24% Added +2.4k +2,411
20 Balyasny Asset Management L.P. 0.03% of their portfolio Chicago, IL 202,831202.8k $13.8m $13.8m 0.03% Reduced -212.6k -212,633
21 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 190,106190.1k $13.0m $13.0m 0.00% Added +71.8k +71,772
22 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 171,831171.8k $11.7m $11.7m 0.00% Reduced -109.8k -109,834
23 Madison Asset Management, LLC 0.13% of their portfolio MADISON, WI 157,868157.9k $10.8m $10.8m 0.13% Reduced -178.1k -178,063
24 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 147,211147.2k $10.0m $10.0m 0.01% New
25 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 132,748132.7k $9.1m $9.1m 0.00% Reduced -7.7k -7,673
26 MRA Advisory Group 2.79% of their portfolio PARSIPPANY, NJ 112,634112.6k $7.7m $7.7m 2.79% Added +5.2k +5,234
27 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 105,703105.7k $7.2m $7.2m 0.00% New
28 Measured Wealth Private Client Group, LLC 1.73% of their portfolio PORTSMOUTH, NH 104,704104.7k $7.1m $7.1m 1.73% New
29 CAPITAL FUND MANAGEMENT S.A. 0.05% of their portfolio PARIS, I0 97,27997.3k $6.6m $6.6m 0.05% Reduced -114 -114
30 Empowered Funds, LLC 0.03% of their portfolio NEWTOWN SQUARE, PA 93,70893.7k $6.4m $6.4m 0.03% New
31 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 88,46088.5k $6.0m $6.0m 0.01% Reduced -5.9k -5,949
32 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 85,85485.9k $5.9m $5.9m 0.01% Added +50.8k +50,754
33 Sage Advisory Services, Ltd.Co. 2.65% of their portfolio AUSTIN, TX 78,82178.8k $5.4m $5.4m 2.65% Reduced -43.5k -43,534
34 Agave Capital Management Ltd 0.58% of their portfolio LONDON, X0 78,01578.0k $5.3m $5.3m 0.58% New
35 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 76,49076.5k $5.2m $5.2m 0.00% Added +23.2k +23,181
36 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 73,74373.7k $5.0m $5.0m 0.00% Reduced -4.4k -4,369
37 Quantitative Investment Management, LLC 0.52% of their portfolio CHARLOTTESVILLE, VA 70,22970.2k $4.8m $4.8m 0.52% New
38 Trans-Canada Capital Inc. 0.27% of their portfolio MONTREAL, A8 70,00070.0k $4.8m $4.8m 0.27% Unchanged
39 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 69,57369.6k $4.7m $4.7m 0.00% Added +19.3k +19,261
40 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 56,40056.4k $3.8m $3.8m 0.00% Added +47.4k +47,360
41 Evolution Wealth Advisors, LLC 0.42% of their portfolio AVENTURA, FL 53,02253.0k $3.6m $3.6m 0.42% Unchanged
42 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 47,47147.5k $3.2m $3.2m 0.00% Reduced -19.7k -19,661
43 Atlantic Union Bankshares Corp 0.05% of their portfolio GLEN ALLEN, VA 45,84645.8k $3.1m $3.1m 0.05% Reduced -396 -396
44 Walleye Trading LLC 0.04% of their portfolio NEW YORK, NY 45,45645.5k $3.1m $3.1m 0.04% New
45 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 45,29145.3k $3.1m $3.1m 0.01% Added +5.7k +5,712
46 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 45,15845.2k $3.1m $3.1m 0.02% Added +34.2k +34,219
47 MONETA GROUP INVESTMENT ADVISORS LLC 0.02% of their portfolio ST LOUIS, MO 38,02438.0k $2.6m $2.6m 0.02% New
48 FDx Advisors, Inc. 0.73% of their portfolio BERWYN, PA 35,40035.4k $2.4m $2.4m 0.73% Reduced -21.4k -21,369
49 LOM Asset Management Ltd 0.58% of their portfolio Hamilton, D0 33,17533.2k $2.3m $2.3m 0.58% Reduced -75 -75
50 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 32,49732.5k $2.2m $2.2m 0.00% New
51 Y-Intercept (Hong Kong) Ltd 0.04% of their portfolio HONG KONG, K3 29,36129.4k $2.0m $2.0m 0.04% Added +25.1k +25,134
52 Migdal Insurance & Financial Holdings Ltd. 0.01% of their portfolio Petach Tikva, L3 27,25027.2k $1.9m $1.9m 0.01% New
53 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 26,77526.8k $1.8m $1.8m 0.01% Added +8.1k +8,065
54 Advisory Services Network, LLC 0.02% of their portfolio ATLANTA, GA 25,69525.7k $1.8m $1.8m 0.02% Added +12.6k +12,592
55 SummitTX Capital, L.P. 0.04% of their portfolio FORT WORTH, TX 23,26223.3k $1.6m $1.6m 0.04% Added +5.8k +5,839
56 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 21,53521.5k $1.5m $1.5m 0.00% Reduced -7.6k -7,625
57 Wealthspire Advisors, LLC 0.01% of their portfolio NEW YORK, NY 21,52521.5k $1.5m $1.5m 0.01% New
58 Tidal Investments LLC 0.00% of their portfolio Milwaukee, WI 21,23721.2k $1.4m $1.4m 0.00% New
59 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.01% of their portfolio NEW YORK, NY 20,47220.5k $1.4m $1.4m 0.01% Unchanged
60 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 19,75419.8k $1.3m $1.3m 0.01% Added +1.9k +1,901
61 Clark Capital Management Group, Inc. 0.01% of their portfolio PHILADELPHIA, PA 19,56519.6k $1.3m $1.3m 0.01% New
62 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 19,33619.3k $1.3m $1.3m 0.00% Added +5.4k +5,442
63 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 18,87418.9k $1.3m $1.3m 0.00% Reduced -36.2k -36,160
64 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 18,83918.8k $1.3m $1.3m 0.00% Reduced -17.9k -17,898
65 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 18,78618.8k $1.3m $1.3m 0.00% Added +801 +801
66 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 18,59118.6k $1.3m $1.3m 0.00% Added +1.1k +1,101
67 FMR LLC 0.00% of their portfolio BOSTON, MA 18,55218.6k $1.3m $1.3m 0.00% Added +8.2k +8,221
68 Vectors Research Management, LLC 0.33% of their portfolio New York, NY 18,33218.3k $1.3m $1.3m 0.33% Added +6.8k +6,842
69 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 17,78317.8k $1.2m $1.2m 0.00% Added +15.9k +15,874
70 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 17,57917.6k $1.2m $1.2m 0.00% Added +327 +327
71 Segment Wealth Management, LLC 0.06% of their portfolio HOUSTON, TX 17,50017.5k $1.2m $1.2m 0.06% Reduced -4.2k -4,250
72 DRW Securities, LLC 0.07% of their portfolio CHICAGO, IL 17,46017.5k $1.2m $1.2m 0.07% Reduced -3.1k -3,088
73 Forum Financial Management, LP 0.01% of their portfolio LOMBARD, IL 17,05617.1k $1.2m $1.2m 0.01% Reduced -38 -38
74 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 16,78516.8k $1.1m $1.1m 0.00% Reduced -72.4k -72,438
75 Curi Capital, LLC 0.02% of their portfolio CHICAGO, IL 14,58714.6k $995.1k $995.1k 0.02% Unchanged
76 ALTFEST L J & CO INC 0.09% of their portfolio NEW YORK, NY 14,23214.2k $970.9k $970.9k 0.09% Added +393 +393
77 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 13,96214.0k $952.5k $952.5k 0.00% Added +3.2k +3,213
78 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 13,79713.8k $941.2k $941.2k 0.00% Added +1.4k +1,439
79 Atria Investments, Inc 0.01% of their portfolio Charlotte, NC 13,79013.8k $940.7k $940.7k 0.01% Added +2.8k +2,779
80 NTV Asset Management LLC 0.09% of their portfolio Charleston, WV 13,71013.7k $935.3k $935.3k 0.09% Unchanged
81 Stirlingshire Investments, Inc. 0.66% of their portfolio NEW YORK, NY 13,00313.0k $887.0k $887.0k 0.66% Reduced -77 -77
82 StoneX Group Inc. 0.03% of their portfolio NEW YORK, NY 12,02412.0k $777.3k $777.3k 0.03% New
83 Mariner, LLC 0.00% of their portfolio Overland Park, KS 11,97112.0k $817.0k $817.0k 0.00% Reduced -1.0k -1,032
84 TWO SIGMA SECURITIES, LLC 0.07% of their portfolio NEW YORK, NY 11,81611.8k $806.1k $806.1k 0.07% New
85 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 11,75611.8k $801.5k $801.5k 0.00% Added +3.6k +3,624
86 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 11,60111.6k $791.4k $791.4k 0.00% Added +2.7k +2,706
87 Waterloo Capital, L.P. 0.04% of their portfolio AUSTIN, TX 11,18711.2k $763.2k $763.2k 0.04% New
88 Summit Financial, LLC 0.01% of their portfolio PARSIPPANY, NJ 10,88510.9k $742.5k $742.5k 0.01% Added +414 +414
89 COURIER CAPITAL LLC 0.04% of their portfolio BUFFALO, NY 10,74610.7k $733.1k $733.1k 0.04% Reduced -38 -38
90 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 10,46510.5k $714.0k $714.0k 0.00% Added +144 +144
91 GREAT VALLEY ADVISOR GROUP, INC. 0.01% of their portfolio WILMINGTON, DE 10,45110.5k $713.0k $713.0k 0.01% Added +5 +5
92 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 10,42510.4k $711.2k $711.2k 0.00% Added +218 +218
93 STEPHENS INC /AR/ 0.01% of their portfolio LITTLE ROCK, AR 9,8609.9k $672.6k $672.6k 0.01% Unchanged
94 SIMPLEX TRADING, LLC 0.02% of their portfolio CHICAGO, IL 9,4799.5k $646.7k $646.7k 0.02% Reduced -3.2k -3,237
95 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.00% of their portfolio Madrid, U3 9,4529.5k $643.8k $643.8k 0.00% Reduced -4.3k -4,347
96 CALTON & ASSOCIATES, INC. 0.09% of their portfolio Tampa, FL 9,4389.4k $643.9k $643.9k 0.09% Reduced -983 -983
97 Graves Light Lenhart Wealth, Inc. 0.06% of their portfolio HARRISONBURG, VA 9,3679.4k $639.0k $639.0k 0.06% Unchanged
98 HANOVER ADVISORS INC 0.23% of their portfolio SENECA, SC 9,3359.3k $636.8k $636.8k 0.23% Reduced -674 -674
99 WEST MICHIGAN ADVISORS, LLC 0.12% of their portfolio HOLLAND, MI 9,2479.2k $630.8k $630.8k 0.12% Reduced -1.4k -1,368
100 CX Institutional 0.02% of their portfolio AUBURN, IN 9,1789.2k $626.0k $626.0k 0.02% Added +8.7k +8,692