Vault-13

SPDR SER TR XSD

S&P SEMICNDCTR · ETP · CUSIP 78464A862

249 institutional holders +4 vs Q4 2025
1,741,4741.7m shares reported held*
$569.4mreported value*
25 new 71 added 78 reduced 18 sold out net bought ≈ $26.6m (+52.5k 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 ($7.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $326.94. Options: 4 managers hold calls ($11.5m notional), 5 hold puts ($5.5m).

Trends to Q1 2026

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: 221Q3 25: 229Q4 25: 245Q1 26: 249249Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 2025229
Q4 2025245
Q1 2026249

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 90 bought or addedQ2 24: 91 cut or sold outQ3 24: 71 bought or addedQ3 24: 102 cut or sold outQ3 24Q4 24: 82 bought or addedQ4 24: 87 cut or sold outQ1 25: 73 bought or addedQ1 25: 112 cut or sold outQ1 25Q2 25: 91 bought or addedQ2 25: 87 cut or sold outQ3 25: 85 bought or addedQ3 25: 100 cut or sold outQ3 25Q4 25: 89 bought or addedQ4 25: 98 cut or sold outQ1 26: 96 bought or addedQ1 26: 96 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20249091
Q3 202471102
Q4 20248287
Q1 202573112
Q2 20259187
Q3 202585100
Q4 20258998
Q1 20269696

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ2 25 calls: $20.9mQ2 25 puts: $4.5mQ2 25P/C 0.21Q3 25 calls: $21.8mQ3 25 puts: $6.0mQ3 25P/C 0.28Q4 25 calls: $13.8mQ4 25 puts: $10.0mQ4 25P/C 0.72Q1 26 calls: $11.5mQ1 26 puts: $5.5mQ1 26P/C 0.48
Numbers
QuarterCallsPutsP/C
Q2 2025$20.9m$4.5m0.21
Q3 2025$21.8m$6.0m0.28
Q4 2025$13.8m$10.0m0.72
Q1 2026$11.5m$5.5m0.48

Biggest buyers

RAYMOND JAMES FINANCIAL INC Added +30,652+30.7k
Kingsview Wealth Management, LLC Added +28,839+28.8k
BNP PARIBAS FINANCIAL MARKETS Added +25,086+25.1k
ALTFEST L J & CO INC New +13,962+14.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +13,748+13.7k
ROYAL BANK OF CANADA Added +10,336+10.3k
MORGAN STANLEY Added +9,283+9.3k
Game Plan Financial Advisors, LLC Added +7,841+7.8k
Vertex Investment Solutions Co., Ltd. New +4,400+4.4k
LPL Financial LLC Added +3,593+3.6k

Biggest sellers

Align Financial, LLC Reduced -28,854-28.9k
CITADEL ADVISORS LLC Sold out -18,700-18.7k
VICUS CAPITAL Reduced -12,866-12.9k
Baird Financial Group, Inc. Sold out -8,441-8.4k
McGuire Investment Group, LLC Reduced -5,084-5.1k
PNC Financial Services Group, Inc. Reduced -4,750-4.8k
GOLDMAN SACHS GROUP INC Reduced -4,136-4.1k
Jump Financial, LLC Sold out -4,062-4.1k
Global Assets Advisory, LLC Sold out -3,751-3.8k
MML INVESTORS SERVICES, LLC Reduced -3,698-3.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $6.5m19.8k shares
JANE STREET GROUP, LLC Reduced $2.8m8.6k shares
Belvedere Trading LLC New $1.3m4.1k shares
CITADEL ADVISORS LLC Reduced $880.5k2.7k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.1m6.3k shares
JANE STREET GROUP, LLC Reduced $1.8m5.4k shares
CITADEL ADVISORS LLC Reduced $913.1k2.8k shares
Pavaki Capital Management LLC Unchanged $652.2k2.0k shares
Belvedere Trading LLC Reduced $163.1k500 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 247,248247.2k $80.6m $80.6m 0.02% Added +3.6k +3,593
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 162,655162.7k $53.0m $53.0m 0.00% Added +9.3k +9,283
3 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 86,69186.7k $28.3m $28.3m 0.01% Reduced -768 -768
4 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 81,77981.8k $26.7m $26.7m 0.00% Reduced -1.6k -1,622
5 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 73,34473.3k $23.9m $23.9m 0.01% Reduced -4.8k -4,750
6 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 70,54670.5k $23.0m $23.0m 0.01% Added +30.7k +30,652
7 Kingsview Wealth Management, LLC 0.24% of their portfolio GRANTS PASS, OR 53,55653.6k $17.5m $17.5m 0.24% Added +28.8k +28,839
8 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 52,30352.3k $17.1m $17.1m 0.00% Reduced -4.1k -4,136
9 UBS Group AG 0.00% of their portfolio ZURICH, V8 50,96751.0k $16.6m $16.6m 0.00% Added +3.4k +3,373
10 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 50,36150.4k $16.4m $16.4m 0.01% Added +25.1k +25,086
11 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 34,80834.8k $11.4m $11.4m 0.02% Added +2.4k +2,382
12 McGuire Investment Group, LLC 1.27% of their portfolio WAKEFIELD, RI 34,46534.5k $11.2m $11.2m 1.27% Reduced -5.1k -5,084
13 Hobart Private Capital, LLC 2.14% of their portfolio CHARLOTTE, NC 33,43833.4k $10.9m $10.9m 2.14% Reduced -865 -865
14 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 32,26932.3k $10.5m $10.5m 0.01% Reduced -413 -413
15 CoreCap Advisors, LLC 0.32% of their portfolio SOUTHFIELD, MI 28,54128.5k $9.3m $9.3m 0.32% Added +775 +775
16 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 26,74126.7k $8.7m $8.7m 0.01% Added +13.7k +13,748
17 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 26,45326.5k $8.6m $8.6m 0.00% Added +10.3k +10,336
18 First Interstate Bank 0.48% of their portfolio Billings, MT 26,29426.3k $8.6m $8.6m 0.48% Reduced -567 -567
19 JMAC ENTERPRISES LLC 1.53% of their portfolio NEWTOWN, PA 24,48224.5k $8.0m $8.0m 1.53% Added +152 +152
20 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 23,83823.8k $7.8m $7.8m 0.02% Added +1.1k +1,116
21 CacheTech Inc. 1.49% of their portfolio LOGAN, UT 23,72323.7k $7.7m $7.7m 1.49% Reduced -523 -523
22 Adams Wealth Management 1.62% of their portfolio LOGAN, UT 22,68322.7k $7.4m $7.4m 1.62% Reduced -665 -665
23 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 21,29121.3k $6.9m $6.9m 0.00% Reduced -1.2k -1,215
24 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 21,03921.0k $6.9m $6.9m 0.02% Reduced -3.7k -3,698
25 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 21,01321.0k $6.9m $6.9m 0.01% Reduced -562 -562
26 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 18,68218.7k $6.1m $6.1m 0.00% Added +403 +403
27 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 18,42218.4k $6.0m $6.0m 0.01% Reduced -908 -908
28 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 16,11716.1k $5.3m $5.3m 0.01% Added +857 +857
29 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 14,24114.2k $4.6m $4.6m 0.00% Reduced -271 -271
30 ALTFEST L J & CO INC 0.49% of their portfolio NEW YORK, NY 13,96214.0k $4.6m $4.6m 0.49% New
31 Mariner, LLC 0.00% of their portfolio Overland Park, KS 13,04513.0k $4.3m $4.3m 0.00% Added +1.7k +1,689
32 Beaumont Asset Management, L.L.C. 1.67% of their portfolio BEAUMONT, TX 11,36911.4k $3.7m $3.7m 1.67% Added +40 +40
33 MONEY CONCEPTS CAPITAL CORP 0.20% of their portfolio PALM BEACH GARDENS, FL 10,83510.8k $3.5m $3.5m 0.20% Reduced -221 -221
34 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 9,8319.8k $3.2m $3.2m 0.00% Reduced -1 -1
35 Dale Q Rice Investment Management Ltd 2.25% of their portfolio VANCOUVER, WA 9,0869.1k $3.0m $3.0m 2.25% Reduced -383 -383
36 Game Plan Financial Advisors, LLC 1.28% of their portfolio WESTLAKE, OH 8,7018.7k $2.8m $2.8m 1.28% Added +7.8k +7,841
37 Yarbrough Capital, LLC 0.08% of their portfolio FRANKLIN, TN 7,0967.1k $2.3m $2.3m 0.08% Unchanged
38 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 6,9957.0k $2.2m $2.2m 0.00% Added +395 +395
39 HARBOR ADVISORY CORP /MA/ 0.67% of their portfolio PORTSMOUTH, NH 6,8646.9k $2.2m $2.2m 0.67% Reduced -684 -684
40 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 6,3756.4k $2.1m $2.1m 0.00% Added +99 +99
41 GRIMES & Co WEALTH MANAGEMENT, LLC 0.05% of their portfolio WESTBOROUGH, MA 5,9646.0k $1.9m $1.9m 0.05% Reduced -306 -306
42 CHATHAM CAPITAL GROUP, INC. 0.27% of their portfolio SAVANNAH, GA 5,7675.8k $1.9m $1.9m 0.27% Added +150 +150
43 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 5,7325.7k $1.9m $1.9m 0.00% Added +2.1k +2,136
44 Warner Group LLC 1.13% of their portfolio MADISON, CT 5,3085.3k $1.7m $1.7m 1.13% Added +2.2k +2,218
45 Sharper & Granite LLC 0.58% of their portfolio EL SEGUNDO, CA 5,2405.2k $1.7m $1.7m 0.58% Reduced -165 -165
46 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 5,2335.2k $1.7m $1.7m 0.00% Reduced -833 -833
47 Rathbones Group PLC 0.00% of their portfolio Liverpool, X0 5,1365.1k $1.7m $1.7m 0.00% Unchanged
48 Gerber Kawasaki Wealth & Investment Management 0.05% of their portfolio SANTA MONICA, CA 4,9525.0k $1.6m $1.6m 0.05% Reduced -258 -258
49 Vertex Investment Solutions Co., Ltd. 1.60% of their portfolio CHIYODA-KU, M0 4,4004.4k $1.4m $1.4m 1.60% New
50 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 4,3664.4k $1.4m $1.4m 0.00% Added +414 +414
51 Tower Research Capital LLC (TRC) 0.04% of their portfolio NEW YORK, NY 4,2444.2k $1.4m $1.4m 0.04% Added +2.4k +2,444
52 ARKANSAS FINANCIAL GROUP, INC. 0.21% of their portfolio LITTLE ROCK, AR 4,0914.1k $1.5m $1.5m 0.21% Reduced -60 -60
53 Chicago Partners Investment Group LLC 0.04% of their portfolio CHICAGO, IL 4,0364.0k $1.8m $1.8m 0.04% Added +1 +1
54 Apollon Wealth Management, LLC 0.02% of their portfolio MOUNT PLEASANT, SC 3,8103.8k $1.2m $1.2m 0.02% Reduced -324 -324
55 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 3,7563.8k $1.2m $1.2m 0.00% Reduced -39 -39
56 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 3,6323.6k $1.2m $1.2m 0.01% Reduced -665 -665
57 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 3,5773.6k $1.2m $1.2m 0.01% Reduced -1.5k -1,532
58 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 3,5663.6k $1.2m $1.2m 0.00% Added +192 +192
59 EP Wealth Advisors, LLC 0.01% of their portfolio TORRANCE, CA 3,5333.5k $1.2m $1.2m 0.01% Reduced -215 -215
60 Fifth Third Securities, Inc. 0.07% of their portfolio Cincinnati, OH 3,5273.5k $1.2m $1.2m 0.07% Added +37 +37
61 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 3,5103.5k $1.1m $1.1m 0.01% Added +66 +66
62 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 3,2863.3k $1.1m $1.1m 0.00% Added +42 +42
63 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 3,2423.2k $1.1m $1.1m 0.00% Reduced -1 -1
64 Global Financial Private Client, LLC 0.34% of their portfolio Sarasota, FL 3,2173.2k $1.0m $1.0m 0.34% Added +147 +147
65 One Capital Management, LLC 0.03% of their portfolio WESTLAKE VILLAGE, CA 3,1263.1k $1.0m $1.0m 0.03% New
66 World Investment Advisors 0.02% of their portfolio LINCROFT, NJ 3,0733.1k $1.0m $1.0m 0.02% Added +168 +168
67 Prime Capital Investment Advisors, LLC 0.01% of their portfolio OVERLAND PARK, KS 3,0603.1k $998.0k $998.0k 0.01% Added +2 +2
68 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 3,0473.0k $993.8k $993.8k 0.00% Added +292 +292
69 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 3,0263.0k $986.7k $986.7k 0.00% Added +2.0k +2,004
70 Regent Peak Wealth Advisors LLC 0.20% of their portfolio ATLANTA, GA 2,9372.9k $957.9k $957.9k 0.20% Reduced -570 -570
71 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 2,9202.9k $952.1k $952.1k 0.01% Reduced -1.7k -1,702
72 Conservest Capital Advisors, Inc. 0.08% of their portfolio WYNNEWOOD, PA 2,7852.8k $908.4k $908.4k 0.08% Added +191 +191
73 IHT Wealth Management, LLC 0.02% of their portfolio Chicago, IL 2,5662.6k $836.9k $836.9k 0.02% Reduced -108 -108
74 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,5442.5k $778.6k $778.6k 0.00% Reduced -1 -1
75 Bawa N Mallick Trust 0.33% of their portfolio FOREST HILLS, NY 2,5002.5k $815.3k $815.3k 0.33% Unchanged
76 Sovran Advisors, LLC 0.10% of their portfolio SAN DIEGO, CA 2,4912.5k $1.2m $1.2m 0.10% Added +120 +120
77 Junk Investment Group, LLC 0.41% of their portfolio HUNT VALLEY, MD 2,3792.4k $775.8k $775.8k 0.41% First filing
78 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 2,3752.4k $774.7k $774.7k 0.01% Reduced -72 -72
79 FRG Family Wealth Advisors LLC 0.13% of their portfolio BELLEVUE, WA 2,3702.4k $772.9k $772.9k 0.13% Reduced -220 -220
80 Beacon Financial Advisory LLC 0.17% of their portfolio CLEVELAND, OH 2,3372.3k $762.3k $762.3k 0.17% Added +1 +1
81 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 2,1602.2k $704.4k $704.4k 0.00% Unchanged
82 Kaizen Financial Strategies 0.36% of their portfolio CAMPBELL, CA 2,1102.1k $852.5k $852.5k 0.36% Added +100 +100
83 Odyssey Capital Advisors, Inc. 0.61% of their portfolio BALA CYNWYD, PA 2,0862.1k $680.4k $680.4k 0.61% Unchanged
84 EJMK Ventures LLC 0.37% of their portfolio ITASCA, IL 2,0432.0k $666.3k $666.3k 0.37% Reduced -352 -352
85 M3 Advisory Group, LLC 0.41% of their portfolio NEEDHAM HEIGHTS, MA 2,0172.0k $657.8k $657.8k 0.41% Added +18 +18
86 PEAPACK GLADSTONE FINANCIAL CORP 0.01% of their portfolio BEDMINSTER, NJ 2,0002.0k $652.0k $652.0k 0.01% Unchanged
87 ATX Financial Planning, LLC 0.47% of their portfolio AUSTIN, TX 1,9111.9k $623.3k $623.3k 0.47% Reduced -151 -151
88 SFI Advisors, LLC 0.64% of their portfolio Montclair, NJ 1,8561.9k $605.3k $605.3k 0.64% Reduced -1.5k -1,456
89 AGP FRANKLIN, LLC 0.30% of their portfolio FRANKLIN, TN 1,8151.8k $591.9k $591.9k 0.30% Unchanged
90 CHEMUNG CANAL TRUST CO 0.12% of their portfolio ELMIRA, NY 1,7941.8k $585.1k $585.1k 0.12% Reduced -77 -77
91 Gateway Wealth Partners, LLC 0.02% of their portfolio APPLETON, WI 1,7941.8k $585.1k $585.1k 0.02% Added +843 +843
92 Patton Albertson Miller Group, LLC 0.07% of their portfolio Chattanooga, TN 1,7521.8k $571.4k $571.4k 0.07% Reduced -44 -44
93 SOA Wealth Advisors, LLC. 0.11% of their portfolio NEW YORK, NY 1,7511.8k $570.9k $570.9k 0.11% Added +1 +1
94 Manchester Capital Management LLC 0.08% of their portfolio MANCHESTER, VT 1,7501.8k $570.7k $570.7k 0.08% Unchanged
95 JUNCTURE WEALTH STRATEGIES, LLC 0.18% of their portfolio SCOTTSDALE, AZ 1,6621.7k $542.0k $542.0k 0.18% Added +90 +90
96 Biltmore Family Office, LLC 0.08% of their portfolio CHARLOTTE, NC 1,6501.6k $538.1k $538.1k 0.08% Unchanged
97 BENJAMIN EDWARDS INC 0.01% of their portfolio Clayton, MO 1,6431.6k $537.2k $537.2k 0.01% Unchanged
98 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 1,6331.6k $542.5k $542.5k 0.01% Added +95 +95
99 Safe Harbor Fiduciary, LLC 0.48% of their portfolio PENSACOLA, FL 1,5511.6k $505.8k $505.8k 0.48% Added +9 +9
100 Keating Financial Advisory Services, Inc. 0.08% of their portfolio MANHATTAN, KS 1,5401.5k $502.2k $502.2k 0.08% Added +265 +265