Vault-13

SPDR SER TR XSD

S&P SEMICNDCTR · ETP · CUSIP 78464A862

306 institutional holders +57 vs Q1 2026
1,908,1401.9m shares reported held*
$1.2bnreported value*
69 new 75 added 84 reduced 12 sold out net bought ≈ $100.4m (+161.3k 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 ($10.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $621.10. Options: 4 managers hold calls ($81.8m notional), 6 hold puts ($77.2m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0200400Q3 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: 249Q2 26: 306306Q3 22Q3 23Q3 24Q3 25Q2 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
Q2 2026306

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 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 25Q3 25: 85 bought or addedQ3 25: 100 cut or sold outQ4 25: 89 bought or addedQ4 25: 98 cut or sold outQ4 25Q1 26: 96 bought or addedQ1 26: 96 cut or sold outQ2 26: 144 bought or addedQ2 26: 96 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202471102
Q4 20248287
Q1 202573112
Q2 20259187
Q3 202585100
Q4 20258998
Q1 20269696
Q2 202614496

Calls vs puts

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

CallsPuts
$0$25m$50m$75m$100mQ3 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 0.48Q2 26 calls: $81.8mQ2 26 puts: $77.2mQ2 26P/C 0.94
Numbers
QuarterCallsPutsP/C
Q3 2025$21.8m$6.0m0.28
Q4 2025$13.8m$10.0m0.72
Q1 2026$11.5m$5.5m0.48
Q2 2026$81.8m$77.2m0.94

Biggest buyers

TWO SIGMA INVESTMENTS, LP New +48,640+48.6k
MORGAN STANLEY Added +36,552+36.6k
SMI Advisory Services, LLC New +36,067+36.1k
Beacon Pointe Advisors, LLC Added +30,119+30.1k
D. E. Shaw & Co., Inc. Added +28,992+29.0k
Cambridge Investment Research Advisors, Inc. Added +16,805+16.8k
Members Advisory Group LLC New +11,786+11.8k
Sage Capital Advisors,llc New +10,504+10.5k
Warner Group LLC Added +10,370+10.4k
WELLS FARGO & COMPANY/MN Added +10,107+10.1k

Biggest sellers

LPL Financial LLC Reduced -31,277-31.3k
BNP PARIBAS FINANCIAL MARKETS Reduced -25,016-25.0k
Kingsview Wealth Management, LLC Reduced -20,351-20.4k
RAYMOND JAMES FINANCIAL INC Reduced -14,698-14.7k
Hobart Private Capital, LLC Reduced -13,281-13.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -11,492-11.5k
ROYAL BANK OF CANADA Reduced -9,777-9.8k
UBS Group AG Reduced -7,723-7.7k
BANK OF AMERICA CORP /DE/ Reduced -6,436-6.4k
Cetera Investment Advisers Reduced -6,100-6.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $43.8m70.2k shares
CITADEL ADVISORS LLC Added $18.4m29.5k shares
JANE STREET GROUP, LLC Added $17.2m27.5k shares
Belvedere Trading LLC Reduced $2.5m4.0k shares

Biggest puts

JANE STREET GROUP, LLC Added $19.5m31.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $18.5m29.7k shares
CITADEL ADVISORS LLC Added $16.5m26.4k shares
Belvedere Trading LLC Added $14.3m22.9k shares
Centiva Capital, LP New $6.2m10.0k shares
INTERCAPITAL, LLC New $2.2m3.5k 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 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 215,971216.0k $134.7m $134.7m 0.03% Reduced -31.3k -31,277
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 199,207199.2k $124.2m $124.2m 0.01% Added +36.6k +36,552
3 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 96,79896.8k $60.4m $60.4m 0.01% Added +10.1k +10,107
4 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 75,34375.3k $47.0m $47.0m 0.00% Reduced -6.4k -6,436
5 PNC Financial Services Group, Inc. 0.02% of their portfolio Pittsburgh, PA 71,77471.8k $44.8m $44.8m 0.02% Reduced -1.6k -1,570
6 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 61,46361.5k $38.3m $38.3m 0.00% Added +9.2k +9,160
7 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 55,84855.8k $34.8m $34.8m 0.01% Reduced -14.7k -14,698
8 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 48,64048.6k $30.3m $30.3m 0.02% New
9 UBS Group AG 0.00% of their portfolio ZURICH, V8 43,24443.2k $27.0m $27.0m 0.00% Reduced -7.7k -7,723
10 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 37,64937.6k $23.5m $23.5m 0.03% Added +2.8k +2,841
11 SMI Advisory Services, LLC 3.34% of their portfolio COLUMBUS, IN 36,06736.1k $20.6m $20.6m 3.34% New
12 McGuire Investment Group, LLC 1.85% of their portfolio WAKEFIELD, RI 33,79533.8k $21.1m $21.1m 1.85% Reduced -670 -670
13 Kingsview Wealth Management, LLC 0.25% of their portfolio GRANTS PASS, OR 33,20533.2k $20.7m $20.7m 0.25% Reduced -20.4k -20,351
14 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 32,92232.9k $20.5m $20.5m 0.02% Added +16.8k +16,805
15 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 31,15231.2k $19.4m $19.4m 0.01% Added +29.0k +28,992
16 Beacon Pointe Advisors, LLC 0.09% of their portfolio NEWPORT BEACH, CA 31,01631.0k $19.3m $19.3m 0.09% Added +30.1k +30,119
17 CoreCap Advisors, LLC 0.55% of their portfolio SOUTHFIELD, MI 29,77029.8k $18.6m $18.6m 0.55% Added +1.2k +1,229
18 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 26,16926.2k $16.3m $16.3m 0.01% Reduced -6.1k -6,100
19 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 25,34525.3k $15.8m $15.8m 0.01% Reduced -25.0k -25,016
20 First Interstate Bank 0.82% of their portfolio Billings, MT 25,13725.1k $15.7m $15.7m 0.82% Reduced -1.2k -1,157
21 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 23,22223.2k $14.5m $14.5m 0.03% Reduced -616 -616
22 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 21,51221.5k $13.4m $13.4m 0.00% Added +221 +221
23 Hobart Private Capital, LLC 2.16% of their portfolio CHARLOTTE, NC 20,15720.2k $12.6m $12.6m 2.16% Reduced -13.3k -13,281
24 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 19,65419.7k $12.3m $12.3m 0.03% Reduced -1.4k -1,385
25 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 19,56219.6k $12.2m $12.2m 0.01% Reduced -1.5k -1,451
26 JMAC ENTERPRISES LLC 1.98% of their portfolio NEWTOWN, PA 18,83918.8k $11.7m $11.7m 1.98% Reduced -5.6k -5,643
27 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 18,47918.5k $11.5m $11.5m 0.01% Added +57 +57
28 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 18,22018.2k $11.4m $11.4m 0.00% Reduced -462 -462
29 CacheTech Inc. 1.79% of their portfolio LOGAN, UT 17,71317.7k $11.0m $11.0m 1.79% Reduced -6.0k -6,010
30 ALTFEST L J & CO INC 1.07% of their portfolio NEW YORK, NY 17,60617.6k $11.0m $11.0m 1.07% Added +3.6k +3,644
31 Adams Wealth Management 2.01% of their portfolio LOGAN, UT 16,82216.8k $10.5m $10.5m 2.01% Reduced -5.9k -5,861
32 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 16,67616.7k $10.4m $10.4m 0.00% Reduced -9.8k -9,777
33 Warner Group LLC 2.41% of their portfolio MADISON, CT 15,67815.7k $9.8m $9.8m 2.41% Added +10.4k +10,370
34 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 15,24915.2k $9.5m $9.5m 0.01% Reduced -11.5k -11,492
35 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 14,29014.3k $8.9m $8.9m 0.01% Added +49 +49
36 Members Advisory Group LLC 2.05% of their portfolio WILLIAMSVILLE, NY 11,78611.8k $7.4m $7.4m 2.05% New
37 Beaumont Asset Management, L.L.C. 2.77% of their portfolio BEAUMONT, TX 11,43411.4k $7.1m $7.1m 2.77% Added +65 +65
38 Sage Capital Advisors,llc 1.36% of their portfolio SIOUX FALLS, SD 10,50410.5k $6.6m $6.6m 1.36% New
39 MONEY CONCEPTS CAPITAL CORP 0.30% of their portfolio PALM BEACH GARDENS, FL 10,50110.5k $6.5m $6.5m 0.30% Reduced -334 -334
40 Tower Research Capital LLC (TRC) 0.14% of their portfolio NEW YORK, NY 9,0679.1k $5.7m $5.7m 0.14% Added +4.8k +4,823
41 VICUS CAPITAL 0.36% of their portfolio STATE COLLEGE, PA 9,0059.0k $5.6m $5.6m 0.36% Added +8.1k +8,057
42 Dale Q Rice Investment Management Ltd 2.98% of their portfolio VANCOUVER, WA 8,8038.8k $5.5m $5.5m 2.98% Reduced -283 -283
43 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 8,7328.7k $5.0m $5.0m 0.00% Added +1.7k +1,737
44 Game Plan Financial Advisors, LLC 1.95% of their portfolio WESTLAKE, OH 8,3988.4k $5.2m $5.2m 1.95% Reduced -303 -303
45 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 8,1598.2k $5.1m $5.1m 0.01% Reduced -1.7k -1,672
46 FOCUS Wealth Advisors, LLC 2.17% of their portfolio HOUSTON, TX 7,5067.5k $4.7m $4.7m 2.17% New
47 Mariner, LLC 0.00% of their portfolio Overland Park, KS 7,3587.4k $4.6m $4.6m 0.00% Reduced -5.7k -5,687
48 Yarbrough Capital, LLC 0.13% of their portfolio FRANKLIN, TN 7,0967.1k $4.4m $4.4m 0.13% Unchanged
49 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 6,9547.0k $4.3m $4.3m 0.01% Added +579 +579
50 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 6,7286.7k $4.2m $4.2m 0.00% Added +1.5k +1,495
51 American Trust Investment Advisors, LLC 1.96% of their portfolio Lebanon, NH 6,3796.4k $4.0m $4.0m 1.96% New
52 HARBOR ADVISORY CORP /MA/ 1.06% of their portfolio PORTSMOUTH, NH 6,3756.4k $4.0m $4.0m 1.06% Reduced -489 -489
53 FLOW TRADERS U.S. LLC 0.16% of their portfolio NEW YORK, NY 6,2986.3k $3.9m $3.9m 0.16% New
54 GRIMES & Co WEALTH MANAGEMENT, LLC 0.08% of their portfolio WESTBOROUGH, MA 5,9245.9k $3.7m $3.7m 0.08% Reduced -40 -40
55 CHATHAM CAPITAL GROUP, INC. 0.46% of their portfolio SAVANNAH, GA 5,7675.8k $3.6m $3.6m 0.46% Unchanged
56 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 5,5255.5k $3.4m $3.4m 0.02% Added +4.1k +4,089
57 Sharper & Granite LLC 0.98% of their portfolio EL SEGUNDO, CA 5,0905.1k $3.2m $3.2m 0.98% Reduced -150 -150
58 Gerber Kawasaki Wealth & Investment Management 0.08% of their portfolio SANTA MONICA, CA 4,8454.8k $3.0m $3.0m 0.08% Reduced -107 -107
59 Global Assets Advisory, LLC 0.57% of their portfolio ORLANDO, FL 4,2954.3k $2.6m $2.6m 0.57% New
60 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 4,1964.2k $2.6m $2.6m 0.00% Added +440 +440
61 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 4,0804.1k $2.5m $2.5m 0.00% Reduced -286 -286
62 Chicago Partners Investment Group LLC 0.04% of their portfolio CHICAGO, IL 4,0374.0k $2.1m $2.1m 0.04% Added +1 +1
63 REGATTA CAPITAL GROUP, LLC 0.33% of their portfolio EL SEGUNDO, CA 3,9874.0k $2.5m $2.5m 0.33% New
64 ARKANSAS FINANCIAL GROUP, INC. 0.31% of their portfolio LITTLE ROCK, AR 3,8583.9k $2.4m $2.4m 0.31% Reduced -233 -233
65 Apollon Wealth Management, LLC 0.03% of their portfolio MOUNT PLEASANT, SC 3,7403.7k $2.3m $2.3m 0.03% Reduced -70 -70
66 MISSION WEALTH MANAGEMENT, LP 0.03% of their portfolio Santa Barbara, CA 3,7123.7k $2.3m $2.3m 0.03% New
67 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 3,6473.6k $2.3m $2.3m 0.00% Added +81 +81
68 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 3,5453.5k $2.2m $2.2m 0.01% Reduced -32 -32
69 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 3,5243.5k $2.2m $2.2m 0.01% Added +14 +14
70 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 3,5133.5k $2.2m $2.2m 0.00% Added +271 +271
71 EP Wealth Advisors, LLC 0.01% of their portfolio TORRANCE, CA 3,5083.5k $2.2m $2.2m 0.01% Reduced -25 -25
72 Almanack Investment Partners, LLC. 0.27% of their portfolio WAYNE, PA 3,3933.4k $2.1m $2.1m 0.27% New
73 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 3,3543.4k $2.1m $2.1m 0.02% Added +979 +979
74 Prime Capital Investment Advisors, LLC 0.02% of their portfolio OVERLAND PARK, KS 3,3073.3k $2.1m $2.1m 0.02% Added +247 +247
75 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 3,2863.3k $1.9m $1.9m 0.00% Unchanged
76 Global Financial Private Client, LLC 0.54% of their portfolio Sarasota, FL 3,1643.2k $2.0m $2.0m 0.54% Reduced -53 -53
77 One Capital Management, LLC 0.03% of their portfolio WESTLAKE VILLAGE, CA 3,1263.1k $1.0m $1.0m 0.03% Unchanged
78 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 3,1063.1k $1.9m $1.9m 0.01% Reduced -526 -526
79 World Investment Advisors 0.03% of their portfolio LINCROFT, NJ 3,0993.1k $1.5m $1.5m 0.03% Added +26 +26
80 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 3,0263.0k $1.9m $1.9m 0.00% Unchanged
81 Regent Peak Wealth Advisors LLC 0.34% of their portfolio ATLANTA, GA 2,9372.9k $1.8m $1.8m 0.34% Unchanged
82 INDEPENDENT FINANCIAL GROUP, LLC 0.03% of their portfolio SAN DIEGO, CA 2,9222.9k $1.8m $1.8m 0.03% New
83 Conservest Capital Advisors, Inc. 0.14% of their portfolio WYNNEWOOD, PA 2,9202.9k $1.8m $1.8m 0.14% Added +135 +135
84 Fifth Third Securities, Inc. 0.10% of their portfolio Cincinnati, OH 2,8942.9k $1.8m $1.8m 0.10% Reduced -633 -633
85 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 2,8852.9k $1.8m $1.8m 0.01% Reduced -162 -162
86 Keystone Financial Group 0.10% of their portfolio LEXINGTON, KY 2,7462.7k $1.7m $1.7m 0.10% New
87 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 2,6522.7k $1.7m $1.7m 0.01% Reduced -268 -268
88 Rathbones Group PLC 0.01% of their portfolio Liverpool, X0 2,5682.6k $1.6m $1.6m 0.01% Reduced -2.6k -2,568
89 IHT Wealth Management, LLC 0.03% of their portfolio Chicago, IL 2,5592.6k $1.6m $1.6m 0.03% Reduced -7 -7
90 Bawa N Mallick Trust 0.51% of their portfolio FOREST HILLS, NY 2,5102.5k $1.6m $1.6m 0.51% Added +10 +10
91 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,4792.5k $1.5m $1.5m 0.00% Reduced -65 -65
92 Sovran Advisors, LLC 0.09% of their portfolio SAN DIEGO, CA 2,4452.4k $1.2m $1.2m 0.09% Reduced -46 -46
93 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 2,4272.4k $1.5m $1.5m 0.00% Added +1.1k +1,061
94 Junk Investment Group, LLC 0.66% of their portfolio HUNT VALLEY, MD 2,3792.4k $1.5m $1.5m 0.66% Unchanged
95 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 2,3542.4k $1.5m $1.5m 0.00% Reduced -3.4k -3,378
96 Beacon Financial Advisory LLC 0.29% of their portfolio CLEVELAND, OH 2,3382.3k $1.5m $1.5m 0.29% Added +1 +1
97 United Asset Strategies, Inc. 0.10% of their portfolio GARDEN CITY, NY 2,3362.3k $1.5m $1.5m 0.10% New
98 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 2,3002.3k $1.4m $1.4m 0.00% New
99 Odyssey Capital Advisors, Inc. 0.93% of their portfolio BALA CYNWYD, PA 2,0762.1k $1.3m $1.3m 0.93% Reduced -10 -10
100 Kaizen Financial Strategies 0.48% of their portfolio CAMPBELL, CA 2,0402.0k $1.2m $1.2m 0.48% Reduced -70 -70