Vault-13

SPDR SER TR XBI

S&P BIOTECH · ETP · CUSIP 78464A870

765 institutional holders -17 vs Q1 2024
111,315,447111.3m shares reported held*
$10.3bnreported value*
78 new 256 added 259 reduced 97 sold out net sold ≈ $1.3bn (-14.3m 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 ($3.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $92.66. Options: 41 managers hold calls ($1.6bn notional), 41 hold puts ($3.2bn).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 708Q4 22: 747Q1 23: 716Q2 23: 715Q3 23: 683Q4 23: 749Q1 24: 782Q2 24: 765765Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022708
Q4 2022747
Q1 2023716
Q2 2023715
Q3 2023683
Q4 2023749
Q1 2024782
Q2 2024765

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 22: 321 bought or addedQ4 22: 304 cut or sold outQ4 22Q1 23: 298 bought or addedQ1 23: 332 cut or sold outQ2 23: 246 bought or addedQ2 23: 342 cut or sold outQ2 23Q3 23: 242 bought or addedQ3 23: 339 cut or sold outQ4 23: 274 bought or addedQ4 23: 340 cut or sold outQ4 23Q1 24: 384 bought or addedQ1 24: 317 cut or sold outQ2 24: 334 bought or addedQ2 24: 356 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022321304
Q1 2023298332
Q2 2023246342
Q3 2023242339
Q4 2023274340
Q1 2024384317
Q2 2024334356

Calls vs puts

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

CallsPuts
$0$1bn$2bn$3bn$4bnQ3 23 calls: $1.3bnQ3 23 puts: $1.8bnQ3 23P/C 1.37Q4 23 calls: $2.0bnQ4 23 puts: $3.6bnQ4 23P/C 1.75Q1 24 calls: $2.3bnQ1 24 puts: $4.0bnQ1 24P/C 1.76Q2 24 calls: $1.6bnQ2 24 puts: $3.2bnQ2 24P/C 2.04
Numbers
QuarterCallsPutsP/C
Q3 2023$1.3bn$1.8bn1.37
Q4 2023$2.0bn$3.6bn1.75
Q1 2024$2.3bn$4.0bn1.76
Q2 2024$1.6bn$3.2bn2.04

Biggest buyers

JPMORGAN CHASE & CO Added +8,958,886+9.0m
GOLDMAN SACHS GROUP INC Added +2,069,350+2.1m
BNP PARIBAS FINANCIAL MARKETS Added +1,629,380+1.6m
BANK OF AMERICA CORP /DE/ Added +1,334,198+1.3m
TWO SIGMA ADVISERS, LP Added +362,300+362.3k
AMERIPRISE FINANCIAL INC Added +307,197+307.2k
BARCLAYS PLC Added +243,176+243.2k
Brown University Added +238,000+238.0k
TWO SIGMA INVESTMENTS, LP Added +222,600+222.6k
FLAGSHIP HARBOR ADVISORS, LLC Added +199,262+199.3k

Biggest sellers

MORGAN STANLEY Reduced -15,500,409-15.5m
CITADEL ADVISORS LLC Reduced -1,858,484-1.9m
CITIGROUP INC Reduced -1,564,914-1.6m
Castle Hook Partners LP Reduced -1,465,152-1.5m
Avoro Capital Advisors LLC Reduced -1,265,000-1.3m
HSBC HOLDINGS PLC Reduced -883,176-883.2k
Alaska Permanent Fund Corp Reduced -766,347-766.3k
Jefferies Financial Group Inc. Reduced -760,730-760.7k
BROWN ADVISORY INC Reduced -578,741-578.7k
Baymount Management LP Sold out -360,000-360.0k

Biggest calls

CITADEL ADVISORS LLC Added $326.7m3.5m shares
MILLENNIUM MANAGEMENT LLC Reduced $152.1m1.6m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $99.8m1.1m shares
GOLDMAN SACHS GROUP INC Added $99.3m1.1m shares
BANK OF AMERICA CORP /DE/ Reduced $90.0m971.2k shares
UBS Group AG Added $84.4m910.0k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $82.5m889.5k shares
Parallax Volatility Advisers, L.P. Added $65.4m705.7k shares
PEAK6 Investments LLC Added $62.7m676.6k shares
BARCLAYS PLC Added $61.0m657.5k shares

Biggest puts

MILLENNIUM MANAGEMENT LLC Reduced $405.3m4.4m shares
Logos Global Management LP New $370.8m4.0m shares
CITADEL ADVISORS LLC Reduced $344.3m3.7m shares
Nantahala Capital Management, LLC Added $222.5m2.4m shares
Twin Tree Management, LP Added $208.1m2.2m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $196.3m2.1m shares
Parallax Volatility Advisers, L.P. Added $150.6m1.6m shares
Balyasny Asset Management L.P. Added $150.1m1.6m shares
BANK OF AMERICA CORP /DE/ Reduced $137.0m1.5m shares
CAPITAL FUND MANAGEMENT S.A. Added $110.4m1.2m 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 JPMORGAN CHASE & CO 0.10% of their portfolio NEW YORK, NY 24,650,58024.7m $2.3bn $2.3bn 0.10% Added +9.0m +8,958,886
2 GOLDMAN SACHS GROUP INC 0.22% of their portfolio NEW YORK, NY 11,951,61712.0m $1.1bn $1.1bn 0.22% Added +2.1m +2,069,350
3 BANK OF AMERICA CORP /DE/ 0.08% of their portfolio CHARLOTTE, NC 8,978,7879.0m $832.4m $832.4m 0.08% Added +1.3m +1,334,198
4 CITIGROUP INC 0.65% of their portfolio NEW YORK, NY 7,257,4387.3m $672.8m $672.8m 0.65% Reduced -1.6m -1,564,914
5 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 6,413,1006.4m $594.6m $594.6m 0.05% Reduced -15.5m -15,500,409
6 BNP PARIBAS FINANCIAL MARKETS 0.53% of their portfolio PARIS, I0 5,282,3035.3m $489.7m $489.7m 0.53% Added +1.6m +1,629,380
7 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.85% of their portfolio TORONTO, A6 3,091,0003.1m $286.6m $286.6m 0.85% Reduced -45.0k -45,000
8 Avoro Capital Advisors LLC 3.75% of their portfolio NEW YORK, NY 3,035,0003.0m $281.4m $281.4m 3.75% Reduced -1.3m -1,265,000
9 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 1,782,6921.8m $165.3m $165.3m 0.04% Reduced -72.3k -72,260
10 CANADA PENSION PLAN INVESTMENT BOARD 0.16% of their portfolio TORONTO ONTARIO, A6 1,758,0001.8m $163.0m $163.0m 0.16% Unchanged
11 UBS Group AG 0.05% of their portfolio ZURICH, V8 1,689,8821.7m $156.7m $156.7m 0.05% Reduced -206.3k -206,347
12 CI INVESTMENTS INC. 0.45% of their portfolio TORONTO, Z4 1,238,2091.2m $114.8m $114.8m 0.45% Reduced -101.2k -101,231
13 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.10% of their portfolio MILWAUKEE, WI 1,145,0491.1m $106.2m $106.2m 0.10% Added +18.2k +18,202
14 BESSEMER GROUP INC 0.18% of their portfolio WOODBRIDGE, NJ 1,097,9871.1m $101.8m $101.8m 0.18% Added +175.1k +175,116
15 BROWN ADVISORY INC 0.13% of their portfolio BALTIMORE, MD 1,090,3611.1m $101.1m $101.1m 0.13% Reduced -578.7k -578,741
16 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 1,019,3191.0m $94.5m $94.5m 0.02% Reduced -59.1k -59,142
17 JANE STREET GROUP, LLC 0.10% of their portfolio NEW YORK, NY 993,027993.0k $92.1m $92.1m 0.10% Added +31.9k +31,945
18 TWO SIGMA ADVISERS, LP 0.20% of their portfolio NEW YORK, NY 968,300968.3k $89.8m $89.8m 0.20% Added +362.3k +362,300
19 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 871,796871.8k $80.8m $80.8m 0.02% Added +307.2k +307,197
20 Phoenix Financial Ltd. 1.05% of their portfolio Givatayim, L3 747,157747.2k $69.3m $69.3m 1.05% Reduced -356.9k -356,947
21 BARCLAYS PLC 0.03% of their portfolio LONDON, X0 668,243668.2k $62.0m $62.0m 0.03% Added +243.2k +243,176
22 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 624,935624.9k $57.9m $57.9m 0.03% Reduced -32.6k -32,570
23 Thrivent Financial for Lutherans 0.11% of their portfolio Minneapolis, MN 614,365614.4k $57.0m $57.0m 0.11% Reduced -272.7k -272,660
24 Employees Retirement System of Texas 0.52% of their portfolio AUSTIN, TX 603,857603.9k $56.0m $56.0m 0.52% Added +174.9k +174,857
25 MIRAE ASSET SECURITIES (USA) INC. 3.58% of their portfolio NEW YORK, NY 600,000600.0k $55.6m $55.6m 3.58% First filing
26 Main Management Fund Advisors LLC 9.99% of their portfolio SAN FRANCISCO, CA 598,200598.2k $55.5m $55.5m 9.99% Added +45.7k +45,700
27 Investure, LLC 6.35% of their portfolio CHARLOTTESVILLE, VA 561,600561.6k $52.1m $52.1m 6.35% Unchanged
28 Johns Hopkins University 1.68% of their portfolio BALTIMORE, MD 453,433453.4k $42.0m $42.0m 1.68% Reduced -318 -318
29 BlackRock Inc. 0.00% of their portfolio New York, NY 451,411451.4k $41.9m $41.9m 0.00% Reduced -40.6k -40,623
30 DAFNA Capital Management LLC 9.86% of their portfolio LOS ANGELES, CA 445,005445.0k $41.3m $41.3m 9.86% Added +13.8k +13,790
31 STRS OHIO 0.14% of their portfolio COLUMBUS, OH 379,700379.7k $35.2m $35.2m 0.14% Added +21.7k +21,700
32 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.06% of their portfolio BALA CYNWYD, PA 363,904363.9k $33.7m $33.7m 0.06% Reduced -114.5k -114,499
33 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 355,844355.8k $33.0m $33.0m 0.02% Reduced -62.9k -62,860
34 TWO SIGMA INVESTMENTS, LP 0.07% of their portfolio NEW YORK, NY 321,400321.4k $29.8m $29.8m 0.07% Added +222.6k +222,600
35 WHITTIER TRUST CO 0.40% of their portfolio SOUTH PASADENA, CA 301,051301.1k $27.9m $27.9m 0.40% Added +13.4k +13,380
36 Raymond James Financial Services Advisors, Inc. 0.04% of their portfolio ST. PETERSBURG, FL 286,039286.0k $26.5m $26.5m 0.04% Reduced -52.0k -52,017
37 Q Global Advisors, LLC 17.75% of their portfolio FORT WORTH, TX 270,000270.0k $25.0m $25.0m 17.75% Reduced -50.0k -50,000
38 VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio ATLANTA, GA 268,980269.0k $24.9m $24.9m 0.02% Added +7.4k +7,394
39 Brown University 9.38% of their portfolio Providence, RI 268,000268.0k $24.8m $24.8m 9.38% Added +238.0k +238,000
40 NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio NEW YORK, NY 260,966261.0k $24.2m $24.2m 0.02% Added +26.4k +26,359
41 Main Management LLC 1.96% of their portfolio SAN FRANCISCO, CA 256,180256.2k $23.8m $23.8m 1.96% Added +32.1k +32,100
42 MBB PUBLIC MARKETS I LLC 0.47% of their portfolio CHICAGO, IL 245,619245.6k $22.8m $22.8m 0.47% Reduced -47.3k -47,279
43 Strategic Financial Services, Inc. 1.44% of their portfolio UTICA, NY 245,151245.2k $22.7m $22.7m 1.44% Added +7.6k +7,647
44 Balyasny Asset Management L.P. 0.06% of their portfolio Chicago, IL 243,940243.9k $22.6m $22.6m 0.06% Added +85.1k +85,112
45 Howard Capital Management Group, LLC 1.65% of their portfolio Los Angeles, CA 241,926241.9k $22.4m $22.4m 1.65% Added +12.3k +12,271
46 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 238,559238.6k $22.1m $22.1m 0.02% Reduced -12.1k -12,090
47 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 231,432231.4k $21.6m $21.6m 0.01% Added +17.7k +17,749
48 Alpha Cubed Investments, LLC 1.02% of their portfolio COSTA MESA, CA 231,192231.2k $21.4m $21.4m 1.02% Added +43.0k +42,988
49 Private Advisor Group, LLC 0.14% of their portfolio MORRISTOWN, NJ 223,315223.3k $20.7m $20.7m 0.14% Reduced -3.4k -3,354
50 Castle Hook Partners LP 0.68% of their portfolio NEW YORK, NY 213,424213.4k $19.8m $19.8m 0.68% Reduced -1.5m -1,465,152
51 FLAGSHIP HARBOR ADVISORS, LLC 1.15% of their portfolio BOSTON, MA 206,117206.1k $19.1m $19.1m 1.15% Added +199.3k +199,262
52 MOORE CAPITAL MANAGEMENT, LP 0.42% of their portfolio NEW YORK, NY 205,000205.0k $19.0m $19.0m 0.42% Reduced -15.0k -15,000
53 McGuire Investment Group, LLC 2.57% of their portfolio WAKEFIELD, RI 193,294193.3k $17.9m $17.9m 2.57% Added +708 +708
54 GenTrust, LLC 0.96% of their portfolio MIAMI, FL 190,604190.6k $17.7m $17.7m 0.96% Reduced -4.0k -3,951
55 Twin Tree Management, LP 0.51% of their portfolio DALLAS, TX 187,782187.8k $17.4m $17.4m 0.51% Added +33.5k +33,462
56 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 186,400186.4k $17.3m $17.3m 0.01% Added +20.7k +20,685
57 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 175,293175.3k $16.3m $16.3m 0.01% Reduced -53.6k -53,568
58 Schonfeld Strategic Advisors LLC 0.13% of their portfolio NEW YORK, NY 173,875173.9k $16.1m $16.1m 0.13% Reduced -1.1k -1,074
59 Allspring Global Investments Holdings, LLC 0.03% of their portfolio CHARLOTTE, NC 172,825172.8k $16.0m $16.0m 0.03% Reduced -10.2k -10,202
60 Parallax Volatility Advisers, L.P. 0.41% of their portfolio San Francisco, CA 172,181172.2k $16.0m $16.0m 0.41% Added +134.8k +134,778
61 MONEY CONCEPTS CAPITAL CORP 1.32% of their portfolio PALM BEACH GARDENS, FL 169,175169.2k $15.7m $15.7m 1.32% Added +26.2k +26,198
62 Walleye Capital LLC 0.16% of their portfolio NEW YORK, NY 168,326168.3k $15.6m $15.6m 0.16% Added +102.8k +102,801
63 S&CO INC 1.06% of their portfolio BOSTON, MA 163,475163.5k $15.2m $15.2m 1.06% Added +525 +525
64 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 160,405160.4k $14.9m $14.9m 0.03% Reduced -4.8k -4,815
65 WEATHERLY ASSET MANAGEMENT L. P. 1.36% of their portfolio DEL MAR, CA 159,679159.7k $14.8m $14.8m 1.36% Reduced -2.7k -2,672
66 L. Roy Papp & Associates, LLP 1.75% of their portfolio Phoenix, AZ 155,772155.8k $14.4m $14.4m 1.75% Reduced -2.9k -2,937
67 WHITTIER TRUST CO OF NEVADA INC 0.39% of their portfolio RENO, NV 149,719149.7k $13.9m $13.9m 0.39% Added +4.3k +4,337
68 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 147,895147.9k $13.7m $13.7m 0.00% Reduced -58.0k -58,005
69 BLAIR WILLIAM & CO/IL 0.04% of their portfolio CHICAGO, IL 141,515141.5k $13.1m $13.1m 0.04% Reduced -9.0k -9,047
70 United Capital Management of KS, Inc. 2.81% of their portfolio SALINA, KS 137,483137.5k $12.7m $12.7m 2.81% Added +5.2k +5,245
71 Greenwoods Asset Management Hong Kong Ltd. 0.31% of their portfolio HONG KONG, K3 127,800127.8k $11.8m $11.8m 0.31% Unchanged
72 Williams Jones Wealth Management, LLC. 0.15% of their portfolio NEW YORK, NY 126,262126.3k $11.7m $11.7m 0.15% Added +879 +879
73 Rockefeller Capital Management L.P. 0.03% of their portfolio NEW YORK, NY 125,978126.0k $11.7m $11.7m 0.03% Added +11.5k +11,524
74 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 123,914123.9k $11.5m $11.5m 0.02% Reduced -19.5k -19,481
75 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 121,763121.8k $11.3m $11.3m 0.01% New
76 GENDELL JEFFREY L 0.39% of their portfolio Greenwich, CT 119,300119.3k $11.1m $11.1m 0.39% Added +20.0k +20,000
77 Parkside Investments, LLC 1.73% of their portfolio DEERFIELD, IL 118,417118.4k $11.0m $11.0m 1.73% Added +24.7k +24,665
78 FIFTH THIRD BANCORP 0.04% of their portfolio CINCINNATI, OH 118,303118.3k $11.0m $11.0m 0.04% Added +3.9k +3,922
79 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.03% of their portfolio PLYMOUTH, MN 113,938113.9k $10.6m $10.6m 0.03% Reduced -695 -695
80 Edge Wealth Management LLC 2.15% of their portfolio NEW YORK, NY 109,910109.9k $10.2m $10.2m 2.15% Reduced -1.9k -1,929
81 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 106,721106.7k $9.9m $9.9m 0.02% Reduced -7.2k -7,171
82 Yelin Lapidot Holdings Management Ltd. 1.73% of their portfolio Tel Aviv, L3 105,972106.0k $9.8m $9.8m 1.73% Unchanged
83 FWL INVESTMENT MANAGEMENT, LLC 4.93% of their portfolio Dallas, TX 105,504105.5k $9.8m $9.8m 4.93% Added +54.6k +54,644
84 MEANS INVESTMENT CO., INC. 1.16% of their portfolio BANGOR, ME 104,942104.9k $9.7m $9.7m 1.16% Added +37.8k +37,847
85 Alaska Permanent Fund Corp 0.15% of their portfolio JUNEAU, AK 103,957104.0k $10.3m $10.3m 0.15% Reduced -766.3k -766,347
86 Crescent Grove Advisors, LLC 1.05% of their portfolio LAKE FOREST, IL 103,503103.5k $9.6m $9.6m 1.05% Reduced -10.3k -10,331
87 Blackstone Inc. 0.04% of their portfolio NEW YORK, NY 102,030102.0k $9.5m $9.5m 0.04% Unchanged
88 Atom Investors LP 0.93% of their portfolio AUSTIN, TX 100,456100.5k $9.3m $9.3m 0.93% Added +9.6k +9,565
89 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 100,160100.2k $9.3m $9.3m 0.03% Added +5.2k +5,210
90 WS MANAGEMENT LLLP 0.87% of their portfolio JACKSONVILLE, FL 100,000100.0k $9.3m $9.3m 0.87% Reduced -25.0k -25,000
91 Eversept Partners, LP 0.71% of their portfolio NEW YORK, NY 100,000100.0k $9.3m $9.3m 0.71% New
92 Abundance Wealth Counselors 4.26% of their portfolio STATE COLLEGE, PA 99,78099.8k $9.3m $9.3m 4.26% Added +5.6k +5,604
93 Ted Buchan & Co 4.75% of their portfolio San Diego, CA 95,53095.5k $8.9m $8.9m 4.75% Added +1.3k +1,348
94 TOCQUEVILLE ASSET MANAGEMENT L.P. 0.15% of their portfolio New York, NY 95,31795.3k $8.8m $8.8m 0.15% Reduced -3.6k -3,567
95 BANQUE PICTET & CIE SA 0.09% of their portfolio GENEVA 73, V8 94,82694.8k $8.8m $8.8m 0.09% Added +42.3k +42,301
96 Strategic Financial Concepts, LLC 0.01% of their portfolio SAN ANTONIO, TX 94,19194.2k $14.9k $14.9k 0.01% New
97 Jump Financial, LLC 0.18% of their portfolio Chicago, IL 93,93493.9k $8.7m $8.7m 0.18% Added +82.2k +82,200
98 OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC 0.52% of their portfolio SAN FRANCISCO, CA 92,84292.8k $8.6m $8.6m 0.52% Added +3.4k +3,365
99 Carnegie Investment Counsel 0.27% of their portfolio PEPPER PIKE, OH 92,44892.4k $8.6m $8.6m 0.27% Added +9.1k +9,055
100 CHIRON CAPITAL MANAGEMENT, LLC 8.09% of their portfolio TALLAHASSEE, FL 91,35491.4k $8.5m $8.5m 8.09% Reduced -718 -718