Vault-13

SPDR SER TR XSD

S&P SEMICNDCTR · ETP · CUSIP 78464A862

221 institutional holders +17 vs Q1 2025
2,096,3982.1m shares reported held*
$538.1mreported value*
39 new 52 added 66 reduced 21 sold out net bought ≈ $37.5m (+145.8k 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. Holder counts are more reliable. Implied quarter-end price ≈ $256.70. Options: 4 managers hold calls ($20.9m notional), 3 hold puts ($4.5m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 165Q4 22: 179Q1 23: 209Q2 23: 216Q3 23: 220Q4 23: 229Q1 24: 223Q2 24: 220Q3 24: 206Q4 24: 228Q1 25: 204Q2 25: 221221Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022165
Q4 2022179
Q1 2023209
Q2 2023216
Q3 2023220
Q4 2023229
Q1 2024223
Q2 2024220
Q3 2024206
Q4 2024228
Q1 2025204
Q2 2025221

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 100 bought or addedQ3 23: 87 cut or sold outQ4 23: 92 bought or addedQ4 23: 90 cut or sold outQ4 23Q1 24: 92 bought or addedQ1 24: 112 cut or sold outQ2 24: 90 bought or addedQ2 24: 91 cut or sold outQ2 24Q3 24: 71 bought or addedQ3 24: 102 cut or sold outQ4 24: 82 bought or addedQ4 24: 87 cut or sold outQ4 24Q1 25: 73 bought or addedQ1 25: 112 cut or sold outQ2 25: 91 bought or addedQ2 25: 87 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202310087
Q4 20239290
Q1 202492112
Q2 20249091
Q3 202471102
Q4 20248287
Q1 202573112
Q2 20259187

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ3 24 calls: $7.5mQ3 24 puts: $6.1mQ3 24P/C 0.81Q4 24 calls: $10.1mQ4 24 puts: $7.1mQ4 24P/C 0.70Q1 25 calls: $7.5mQ1 25 puts: $3.9mQ1 25P/C 0.52Q2 25 calls: $20.9mQ2 25 puts: $4.5mQ2 25P/C 0.21
Numbers
QuarterCallsPutsP/C
Q3 2024$7.5m$6.1m0.81
Q4 2024$10.1m$7.1m0.70
Q1 2025$7.5m$3.9m0.52
Q2 2025$20.9m$4.5m0.21

Biggest buyers

MORGAN STANLEY Added +58,154+58.2k
CoreCap Advisors, LLC Added +44,596+44.6k
MILLENNIUM MANAGEMENT LLC New +37,987+38.0k
ROYAL BANK OF CANADA Added +32,514+32.5k
BNP PARIBAS FINANCIAL MARKETS Added +24,465+24.5k
UBS Group AG Added +15,669+15.7k
ENVESTNET ASSET MANAGEMENT INC Added +14,226+14.2k
SANDLER CAPITAL MANAGEMENT New +9,000+9.0k
Clark Capital Management Group, Inc. New +8,876+8.9k
GRIMES & Co WEALTH MANAGEMENT, LLC New +6,936+6.9k

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -16,036-16.0k
SFI Advisors, LLC Reduced -13,331-13.3k
Dale Q Rice Investment Management Ltd Reduced -11,513-11.5k
Kingsview Wealth Management, LLC Reduced -11,089-11.1k
Yarbrough Capital, LLC Reduced -9,765-9.8k
Global Assets Advisory, LLC Reduced -9,718-9.7k
Baird Financial Group, Inc. Reduced -9,141-9.1k
Thrivent Financial for Lutherans Reduced -7,586-7.6k
CHEMUNG CANAL TRUST CO Reduced -7,151-7.2k
PNC Financial Services Group, Inc. Reduced -6,807-6.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $10.9m42.6k shares
MILLENNIUM MANAGEMENT LLC New $6.4m25.0k shares
CITADEL ADVISORS LLC Added $2.3m8.9k shares
Belvedere Trading LLC Added $1.3m5.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.8m11.1k shares
CITADEL ADVISORS LLC Reduced $1.6m6.3k shares
Belvedere Trading LLC Unchanged $25.7k100 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 246,868246.9k $63.3m $63.3m 0.00% Added +58.2k +58,154
2 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 215,028215.0k $55.2m $55.2m 0.02% Reduced -223 -223
3 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 86,62386.6k $22.2m $22.2m 0.00% Reduced -1.2k -1,215
4 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 79,79979.8k $20.5m $20.5m 0.01% Reduced -1.2k -1,175
5 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 77,15977.2k $19.8m $19.8m 0.00% Added +212 +212
6 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 75,59775.6k $19.4m $19.4m 0.02% Added +24.5k +24,465
7 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 68,50068.5k $17.6m $17.6m 0.00% Added +32.5k +32,514
8 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 67,33767.3k $17.3m $17.3m 0.01% Reduced -6.8k -6,807
9 CoreCap Advisors, LLC 0.67% of their portfolio SOUTHFIELD, MI 64,82364.8k $16.6m $16.6m 0.67% Added +44.6k +44,596
10 UBS Group AG 0.00% of their portfolio ZURICH, V8 62,61262.6k $16.1m $16.1m 0.00% Added +15.7k +15,669
11 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 50,33650.3k $12.9m $12.9m 0.00% Reduced -16.0k -16,036
12 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 48,93948.9k $12.6m $12.6m 0.02% Added +3.7k +3,690
13 Kingsview Wealth Management, LLC 0.21% of their portfolio GRANTS PASS, OR 47,61847.6k $12.2m $12.2m 0.21% Reduced -11.1k -11,089
14 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 42,81042.8k $11.0m $11.0m 0.00% Reduced -4.7k -4,748
15 McGuire Investment Group, LLC 1.37% of their portfolio WAKEFIELD, RI 41,90541.9k $10.7m $10.7m 1.37% Added +471 +471
16 Hobart Private Capital, LLC 2.25% of their portfolio CHARLOTTE, NC 38,61638.6k $9.9m $9.9m 2.25% Reduced -6.4k -6,365
17 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 37,98738.0k $9.7m $9.7m 0.01% New
18 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 34,53334.5k $8.9m $8.9m 0.00% Added +14.2k +14,226
19 Adams Wealth Management 1.66% of their portfolio LOGAN, UT 33,94633.9k $8.7m $8.7m 1.66% Reduced -3.2k -3,169
20 CacheTech Inc. 1.60% of their portfolio LOGAN, UT 33,94633.9k $8.7m $8.7m 1.60% Reduced -3.2k -3,169
21 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 33,80033.8k $8.7m $8.7m 0.02% Added +1.2k +1,188
22 MGB Wealth Management, LLC 2.71% of their portfolio ADDISON, TX 32,04232.0k $8.2m $8.2m 2.71% Reduced -510 -510
23 First Interstate Bank 0.44% of their portfolio Billings, MT 29,16329.2k $7.5m $7.5m 0.44% Reduced -204 -204
24 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 28,82228.8k $7.4m $7.4m 0.02% Reduced -122 -122
25 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 24,89424.9k $6.4m $6.4m 0.01% Reduced -1.8k -1,823
26 JMAC ENTERPRISES LLC 1.31% of their portfolio NEWTOWN, PA 23,79223.8k $6.1m $6.1m 1.31% Added +2.9k +2,851
27 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 19,93619.9k $5.1m $5.1m 0.00% Added +107 +107
28 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 19,32119.3k $5.0m $5.0m 0.01% Added +201 +201
29 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 18,35918.4k $4.7m $4.7m 0.00% Added +102 +102
30 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 15,00715.0k $3.8m $3.8m 0.01% Added +678 +678
31 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 14,61114.6k $3.7m $3.7m 0.00% Added +31 +31
32 Tower Research Capital LLC (TRC) 0.10% of their portfolio NEW YORK, NY 14,15114.2k $3.6m $3.6m 0.10% Reduced -979 -979
33 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 12,14612.1k $3.1m $3.1m 0.00% Added +945 +945
34 MONEY CONCEPTS CAPITAL CORP 0.21% of their portfolio PALM BEACH GARDENS, FL 12,09612.1k $3.1m $3.1m 0.21% Reduced -3.7k -3,651
35 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 11,98412.0k $3.1m $3.1m 0.00% Added +3.0k +3,049
36 Beaumont Asset Management, L.L.C. 1.59% of their portfolio BEAUMONT, TX 11,56311.6k $3.0m $3.0m 1.59% Added +82 +82
37 Dale Q Rice Investment Management Ltd 2.34% of their portfolio VANCOUVER, WA 10,63210.6k $2.8m $2.8m 2.34% Reduced -11.5k -11,513
38 Yarbrough Capital, LLC 0.10% of their portfolio FRANKLIN, TN 10,49810.5k $2.7m $2.7m 0.10% Reduced -9.8k -9,765
39 BlackRock, Inc. 0.00% of their portfolio New York, NY 9,2189.2k $2.4m $2.4m 0.00% Reduced -17 -17
40 SANDLER CAPITAL MANAGEMENT 0.80% of their portfolio NEW YORK, NY 9,0009.0k $2.3m $2.3m 0.80% New
41 Clark Capital Management Group, Inc. 0.02% of their portfolio PHILADELPHIA, PA 8,8768.9k $2.3m $2.3m 0.02% New
42 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 8,4548.5k $2.2m $2.2m 0.00% Reduced -9.1k -9,141
43 Mariner, LLC 0.00% of their portfolio Overland Park, KS 8,2238.2k $2.1m $2.1m 0.00% Added +903 +903
44 HARBOR ADVISORY CORP /MA/ 0.62% of their portfolio PORTSMOUTH, NH 7,5567.6k $1.9m $1.9m 0.62% Reduced -333 -333
45 GRIMES & Co WEALTH MANAGEMENT, LLC 0.05% of their portfolio WESTBOROUGH, MA 6,9366.9k $1.8m $1.8m 0.05% New
46 Gerber Kawasaki Wealth & Investment Management 0.06% of their portfolio SANTA MONICA, CA 6,2646.3k $1.6m $1.6m 0.06% Reduced -1.3k -1,338
47 Fort Point Capital Partners LLC 0.15% of their portfolio San Francisco, CA 5,7565.8k $1.5m $1.5m 0.15% Added +401 +401
48 Merit Financial Group, LLC 0.02% of their portfolio ALPHARETTA, GA 5,7475.7k $1.5m $1.5m 0.02% Added +715 +715
49 CHATHAM CAPITAL GROUP, INC. 0.22% of their portfolio SAVANNAH, GA 5,6175.6k $1.4m $1.4m 0.22% Unchanged
50 AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio DALLAS, TX 5,5625.6k $1.4m $1.4m 0.01% Added +1.2k +1,234
51 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 5,5525.6k $1.4m $1.4m 0.01% Reduced -437 -437
52 FLOW TRADERS U.S. LLC 0.05% of their portfolio NEW YORK, NY 5,2585.3k $1.3m $1.3m 0.05% New
53 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 5,1595.2k $1.3m $1.3m 0.00% Reduced -131 -131
54 THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. 0.16% of their portfolio INDIANAPOLIS, IN 4,9284.9k $1.3m $1.3m 0.16% New
55 IHT Wealth Management, LLC 0.03% of their portfolio Chicago, IL 4,9184.9k $1.3m $1.3m 0.03% Reduced -151 -151
56 Sharper & Granite LLC 0.47% of their portfolio EL SEGUNDO, CA 4,7704.8k $1.2m $1.2m 0.47% Added +905 +905
57 ARKANSAS FINANCIAL GROUP, INC. 0.18% of their portfolio LITTLE ROCK, AR 4,4484.4k $1.1m $1.1m 0.18% Reduced -19 -19
58 CENTAURUS FINANCIAL, INC. 0.06% of their portfolio ANAHEIM, CA 4,2874.3k $1.1m $1.1m 0.06% Added +1.8k +1,843
59 Apollon Wealth Management, LLC 0.02% of their portfolio MOUNT PLEASANT, SC 4,1314.1k $1.1m $1.1m 0.02% Added +3 +3
60 Chicago Partners Investment Group LLC 0.03% of their portfolio CHICAGO, IL 4,0334.0k $1.1m $1.1m 0.03% Added +1 +1
61 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 3,9814.0k $1.0m $1.0m 0.01% Added +767 +767
62 SFI Advisors, LLC 0.65% of their portfolio Montclair, NJ 3,6453.6k $935.0k $935.0k 0.65% Reduced -13.3k -13,331
63 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 3,5243.5k $934.2k $934.2k 0.00% Added +1.3k +1,284
64 Patton Albertson Miller Group, LLC 0.12% of their portfolio Chattanooga, TN 3,4683.5k $889.6k $889.6k 0.12% Unchanged
65 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 3,4493.4k $884.6k $884.6k 0.00% Reduced -1.1k -1,145
66 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 3,4423.4k $913.3k $913.3k 0.01% Reduced -162 -162
67 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 3,4203.4k $877.6k $877.6k 0.00% Added +251 +251
68 EP Wealth Advisors, LLC 0.01% of their portfolio TORRANCE, CA 3,3353.3k $855.5k $855.5k 0.01% Reduced -363 -363
69 Fifth Third Securities, Inc. 0.06% of their portfolio Cincinnati, OH 3,2713.3k $839.0k $839.0k 0.06% Added +431 +431
70 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 3,2123.2k $822.6k $822.6k 0.00% Added +800 +800
71 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 3,1693.2k $812.8k $812.8k 0.00% Added +64 +64
72 Prime Capital Investment Advisors, LLC 0.01% of their portfolio OVERLAND PARK, KS 3,0553.1k $783.6k $783.6k 0.01% Reduced -5 -5
73 Global Financial Private Client, LLC 0.29% of their portfolio Sarasota, FL 3,0393.0k $779.5k $779.5k 0.29% Reduced -14 -14
74 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 3,0353.0k $778.5k $778.5k 0.00% Reduced -3.1k -3,122
75 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 2,7932.8k $716.4k $716.4k 0.00% Added +12 +12
76 Sovran Advisors, LLC 0.07% of their portfolio SAN DIEGO, CA 2,6232.6k $691.2k $691.2k 0.07% Reduced -98 -98
77 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 2,5702.6k $659.2k $659.2k 0.00% Unchanged
78 Rathbones Group PLC 0.00% of their portfolio Liverpool, X0 2,5682.6k $658.7k $658.7k 0.00% Unchanged
79 Bawa N Mallick Trust 0.26% of their portfolio FOREST HILLS, NY 2,5002.5k $641.3k $641.3k 0.26% Unchanged
80 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 2,4752.5k $634.9k $634.9k 0.01% New
81 Conservest Capital Advisors, Inc. 0.06% of their portfolio WYNNEWOOD, PA 2,4302.4k $623.3k $623.3k 0.06% New
82 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,4252.4k $622.0k $622.0k 0.00% Added +713 +713
83 Soltis Investment Advisors LLC 0.05% of their portfolio ST. GEORGE, UT 2,4002.4k $615.6k $615.6k 0.05% Reduced -33 -33
84 Beacon Financial Advisory LLC 0.15% of their portfolio CLEVELAND, OH 2,3342.3k $598.7k $598.7k 0.15% Reduced -653 -653
85 Global Assets Advisory, LLC 0.23% of their portfolio ORLANDO, FL 2,3322.3k $597.6k $597.6k 0.23% Reduced -9.7k -9,718
86 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 2,3082.3k $592.0k $592.0k 0.00% New
87 Argent Trust Co 0.02% of their portfolio NASHVILLE, TN 2,3002.3k $590.0k $590.0k 0.02% Unchanged
88 PEAPACK GLADSTONE FINANCIAL CORP 0.01% of their portfolio BEDMINSTER, NJ 2,0002.0k $513.0k $513.0k 0.01% Unchanged
89 Kaizen Financial Strategies 0.26% of their portfolio CAMPBELL, CA 2,0002.0k $513.0k $513.0k 0.26% Reduced -75 -75
90 AGP FRANKLIN, LLC 0.27% of their portfolio FRANKLIN, TN 1,9822.0k $508.4k $508.4k 0.27% Unchanged
91 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio ORLANDO, FL 1,9501.9k $500.1k $500.1k 0.04% Reduced -18 -18
92 GWN SECURITIES INC. 0.09% of their portfolio Palm Beach Gardens, FL 1,8921.9k $488.9k $488.9k 0.09% New
93 M3 Advisory Group, LLC 0.33% of their portfolio NEEDHAM HEIGHTS, MA 1,8851.9k $483.5k $483.5k 0.33% Reduced -172 -172
94 CHEMUNG CANAL TRUST CO 0.10% of their portfolio ELMIRA, NY 1,8711.9k $479.9k $479.9k 0.10% Reduced -7.2k -7,151
95 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 1,8571.9k $476.5k $476.5k 0.00% Reduced -75 -75
96 SOA Wealth Advisors, LLC. 0.09% of their portfolio NEW YORK, NY 1,7711.8k $454.3k $454.3k 0.09% Added +2 +2
97 SONATA CAPITAL GROUP INC 0.18% of their portfolio SEATTLE, WA 1,7501.8k $449.0k $449.0k 0.18% Unchanged
98 Manchester Capital Management LLC 0.06% of their portfolio MANCHESTER, VT 1,7501.8k $448.9k $448.9k 0.06% Unchanged
99 SYNOVUS FINANCIAL CORP 0.01% of their portfolio Columbus, GA 1,7191.7k $441.0k $441.0k 0.01% New
100 FLPUTNAM INVESTMENT MANAGEMENT CO 0.01% of their portfolio PORTLAND, ME 1,6501.6k $423.2k $423.2k 0.01% Reduced -25 -25