Vault-13

SPDR SER TR XHB

S&P HOMEBUILD · ETP · CUSIP 78464A888

275 institutional holders -46 vs Q4 2024
16,478,04416.5m shares reported held*
$1.6bnreported value*
28 new 93 added 86 reduced 71 sold out net sold ≈ $196.6m (-2.0m 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 ≈ $96.83. Options: 21 managers hold calls ($784.1m notional), 18 hold puts ($734.4m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 183Q4 22: 193Q1 23: 204Q2 23: 241Q3 23: 244Q4 23: 282Q1 24: 301Q2 24: 291Q3 24: 332Q4 24: 321Q1 25: 275275Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022183
Q4 2022193
Q1 2023204
Q2 2023241
Q3 2023244
Q4 2023282
Q1 2024301
Q2 2024291
Q3 2024332
Q4 2024321
Q1 2025275

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 23: 134 bought or addedQ2 23: 81 cut or sold outQ3 23: 118 bought or addedQ3 23: 125 cut or sold outQ3 23Q4 23: 151 bought or addedQ4 23: 116 cut or sold outQ1 24: 159 bought or addedQ1 24: 127 cut or sold outQ1 24Q2 24: 137 bought or addedQ2 24: 146 cut or sold outQ3 24: 184 bought or addedQ3 24: 115 cut or sold outQ3 24Q4 24: 155 bought or addedQ4 24: 160 cut or sold outQ1 25: 121 bought or addedQ1 25: 157 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 202313481
Q3 2023118125
Q4 2023151116
Q1 2024159127
Q2 2024137146
Q3 2024184115
Q4 2024155160
Q1 2025121157

Calls vs puts

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

CallsPuts
$0$250m$500m$750m$1bnQ2 24 calls: $365.5mQ2 24 puts: $875.1mQ2 24P/C 2.39Q3 24 calls: $346.6mQ3 24 puts: $576.7mQ3 24P/C 1.66Q4 24 calls: $244.3mQ4 24 puts: $570.0mQ4 24P/C 2.33Q1 25 calls: $784.1mQ1 25 puts: $734.4mQ1 25P/C 0.94
Numbers
QuarterCallsPutsP/C
Q2 2024$365.5m$875.1m2.39
Q3 2024$346.6m$576.7m1.66
Q4 2024$244.3m$570.0m2.33
Q1 2025$784.1m$734.4m0.94

Biggest buyers

CITADEL ADVISORS LLC Added +1,058,846+1.1m
NATIXIS Added +505,210+505.2k
UBS Group AG Added +243,029+243.0k
BANK OF AMERICA CORP /DE/ Added +233,955+234.0k
Jefferies Financial Group Inc. Added +98,460+98.5k
MARSHALL WACE, LLP Added +73,325+73.3k
JANE STREET GROUP, LLC Added +71,429+71.4k
Eisler Capital Management Ltd. New +64,842+64.8k
WELLS FARGO & COMPANY/MN Added +56,485+56.5k
ELEMENT CAPITAL MANAGEMENT LLC New +50,000+50.0k

Biggest sellers

CITIGROUP INC Reduced -676,065-676.1k
JPMORGAN CHASE & CO Reduced -660,287-660.3k
FIL Ltd Sold out -343,819-343.8k
RAYMOND JAMES FINANCIAL INC Reduced -309,941-309.9k
SCHRODER INVESTMENT MANAGEMENT GROUP Sold out -295,508-295.5k
AFFINITY WEALTH MANAGEMENT LLC Sold out -293,065-293.1k
MORGAN STANLEY Reduced -165,678-165.7k
Quadrature Capital Ltd Reduced -143,158-143.2k
SEI INVESTMENTS CO Sold out -141,517-141.5k
360 Financial, Inc. Sold out -116,197-116.2k

Biggest calls

CITADEL ADVISORS LLC Added $230.7m2.4m shares
NOMURA HOLDINGS INC New $204.3m2.1m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $161.5m1.7m shares
Hudson Bay Capital Management LP New $33.4m344.9k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $33.3m343.2k shares
CITIGROUP INC Added $24.2m250.0k shares
MILLENNIUM MANAGEMENT LLC New $20.2m208.4k shares
Caption Management, LLC New $19.4m200.0k shares
GOLDMAN SACHS GROUP INC New $9.7m100.0k shares
WELLS FARGO & COMPANY/MN New $8.7m90.0k shares

Biggest puts

CITADEL ADVISORS LLC Added $350.2m3.6m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $94.8m978.3k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $51.6m532.4k shares
NOMURA HOLDINGS INC Added $50.9m525.0k shares
UBS Group AG New $34.7m358.6k shares
JANE STREET GROUP, LLC Added $34.1m352.0k shares
Owl Creek Asset Management, L.P. New $25.3m261.6k shares
WELLS FARGO & COMPANY/MN New $20.0m205.9k shares
Governors Lane LP New $16.5m170.0k shares
CITIGROUP INC Added $9.7m100.0k 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 2,968,0283.0m $287.6m $287.6m 0.05% Reduced -60.9k -60,949
2 CITADEL ADVISORS LLC 0.13% of their portfolio MIAMI, FL 1,338,1361.3m $129.7m $129.7m 0.13% Added +1.1m +1,058,846
3 NATIXIS 0.63% of their portfolio PARIS, I0 1,105,7571.1m $106.2m $106.2m 0.63% Added +505.2k +505,210
4 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,098,0661.1m $106.4m $106.4m 0.01% Reduced -165.7k -165,678
5 UBS Group AG 0.02% of their portfolio ZURICH, V8 856,383856.4k $83.0m $83.0m 0.02% Added +243.0k +243,029
6 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 835,808835.8k $81.0m $81.0m 0.01% Added +234.0k +233,955
7 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.17% of their portfolio TORONTO, A6 800,000800.0k $77.5m $77.5m 0.17% Unchanged
8 BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio PARIS, I0 722,216722.2k $70.0m $70.0m 0.05% First filing
9 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 705,482705.5k $68.4m $68.4m 0.01% Reduced -660.3k -660,287
10 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 509,916509.9k $49.4m $49.4m 0.01% Added +13.9k +13,874
11 CITIGROUP INC 0.04% of their portfolio NEW YORK, NY 481,896481.9k $46.7m $46.7m 0.04% Reduced -676.1k -676,065
12 Qube Research & Technologies Ltd 0.06% of their portfolio LONDON, X0 420,979421.0k $40.8m $40.8m 0.06% Reduced -45.4k -45,371
13 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 286,011286.0k $27.7m $27.7m 0.01% Reduced -110.6k -110,605
14 MIRAE ASSET SECURITIES (USA) INC. 1.04% of their portfolio NEW YORK, NY 250,000250.0k $24.2m $24.2m 1.04% Unchanged
15 MEITAV INVESTMENT HOUSE LTD 0.37% of their portfolio BENE-BERAQ, L3 205,359205.4k $19.9m $19.9m 0.37% Reduced -6.9k -6,934
16 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 199,201199.2k $19.3m $19.3m 0.00% Added +56.5k +56,485
17 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 156,896156.9k $15.2m $15.2m 0.00% Added +21.2k +21,230
18 Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD 1.17% of their portfolio Tel Aviv, L3 147,504147.5k $14.3m $14.3m 1.17% Unchanged
19 BlackRock, Inc. 0.00% of their portfolio New York, NY 135,044135.0k $13.1m $13.1m 0.00% Reduced -13 -13
20 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 110,428110.4k $10.7m $10.7m 0.02% Added +71.4k +71,429
21 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 109,624109.6k $10.6m $10.6m 0.01% Added +73.3k +73,325
22 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 105,009105.0k $10.2m $10.2m 0.00% Reduced -309.9k -309,941
23 Jefferies Financial Group Inc. 0.17% of their portfolio NEW YORK, NY 102,356102.4k $9.9m $9.9m 0.17% Added +98.5k +98,460
24 Polar Asset Management Partners Inc. 0.33% of their portfolio TORONTO, A6 101,600101.6k $9.8m $9.8m 0.33% Added +6.3k +6,300
25 Atom Investors LP 1.05% of their portfolio AUSTIN, TX 87,98688.0k $8.5m $8.5m 1.05% Added +21.3k +21,257
26 Arrow Financial Corp 0.86% of their portfolio Glens Falls, NY 79,37679.4k $7.7m $7.7m 0.86% Added +3.2k +3,203
27 Passaic Partners LLC 1.13% of their portfolio NEWARK, NJ 76,70876.7k $7.4m $7.4m 1.13% Reduced -2.5k -2,457
28 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 73,60773.6k $7.1m $7.1m 0.00% Reduced -36.6k -36,581
29 HMS Capital Management, LLC 3.59% of their portfolio NASHVILLE, TN 71,83071.8k $6.5m $6.5m 3.59% Added +6.1k +6,104
30 GTS SECURITIES LLC 0.30% of their portfolio NEW YORK, NY 71,25871.3k $6.9m $6.9m 0.30% Reduced -22.3k -22,313
31 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 66,47566.5k $6.4m $6.4m 0.01% Reduced -74.8k -74,755
32 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 66,06966.1k $6.4m $6.4m 0.01% Reduced -909 -909
33 Eisler Capital Management Ltd. 0.19% of their portfolio LONDON, X0 64,84264.8k $6.3m $6.3m 0.19% New
34 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 59,70559.7k $5.8m $5.8m 0.03% Reduced -7.1k -7,103
35 Viewpoint Capital Management LLC 3.02% of their portfolio SEATTLE, WA 57,98858.0k $5.6m $5.6m 3.02% Added +1.1k +1,059
36 J. Goldman & Co LP 0.19% of their portfolio NEW YORK, NY 54,20054.2k $5.3m $5.3m 0.19% Added +5.7k +5,663
37 Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD 1.28% of their portfolio Tel Aviv, L3 53,23053.2k $5.2m $5.2m 1.28% Unchanged
38 Aster Capital Management (DIFC) Ltd 0.98% of their portfolio DUBAI, C0 52,25952.3k $5.3m $5.3m 0.98% Added +6.5k +6,459
39 ELEMENT CAPITAL MANAGEMENT LLC 1.20% of their portfolio New York, NY 50,00050.0k $4.8m $4.8m 1.20% New
40 Federation des caisses Desjardins du Quebec 0.02% of their portfolio LEVIS, A8 49,84449.8k $4.8m $4.8m 0.02% Added +49.2k +49,224
41 Tower Research Capital LLC (TRC) 0.14% of their portfolio NEW YORK, NY 47,16247.2k $4.6m $4.6m 0.14% Added +4.3k +4,288
42 Phoenix Financial Ltd. 0.07% of their portfolio Givatayim, L3 46,33246.3k $4.5m $4.5m 0.07% Added +3.6k +3,600
43 Gerber Kawasaki Wealth & Investment Management 0.20% of their portfolio SANTA MONICA, CA 45,14345.1k $4.4m $4.4m 0.20% Added +4.1k +4,125
44 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 42,89442.9k $4.2m $4.2m 0.00% Reduced -10.6k -10,627
45 Graham Capital Management, L.P. 0.13% of their portfolio ROWAYTON, CT 42,00042.0k $4.1m $4.1m 0.13% Added +15.5k +15,500
46 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 41,98442.0k $4.1m $4.1m 0.01% Reduced -2.6k -2,629
47 Vestcor Inc 0.13% of their portfolio FREDERICTON, A3 40,00040.0k $3.9m $3.9m 0.13% New
48 Walleye Capital LLC 0.04% of their portfolio NEW YORK, NY 38,52738.5k $3.7m $3.7m 0.04% New
49 TUDOR INVESTMENT CORP ET AL 0.03% of their portfolio STAMFORD, CT 37,77137.8k $3.7m $3.7m 0.03% Reduced -22.3k -22,347
50 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 36,38636.4k $3.5m $3.5m 0.01% Added +6.2k +6,234
51 North Star Investment Management Corp. 0.25% of their portfolio CHICAGO, IL 34,97135.0k $3.4m $3.4m 0.25% Added +822 +822
52 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 34,25434.3k $3.3m $3.3m 0.00% Reduced -1.4k -1,387
53 BOS Asset Management, LLC 1.11% of their portfolio SPRINGFIELD, IL 33,23733.2k $3.2m $3.2m 1.11% New
54 Ellis Investment Partners, LLC 0.61% of their portfolio Berwyn, PA 30,68130.7k $3.0m $3.0m 0.61% Reduced -418 -418
55 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 30,08430.1k $2.9m $2.9m 0.01% Reduced -21.4k -21,437
56 Bricktown Capital, LLC 0.53% of their portfolio DETROIT, MI 29,03429.0k $2.8m $2.8m 0.53% Added +25.0k +25,000
57 Bogart Wealth, LLC 0.12% of their portfolio MCLEAN, VA 25,93125.9k $2.5m $2.5m 0.12% Added +1.8k +1,839
58 CWM, LLC 0.01% of their portfolio OMAHA, NE 25,67925.7k $2.5m $2.5m 0.01% Reduced -4.4k -4,411
59 Palumbo Wealth Management LLC 0.81% of their portfolio GREAT NECK, NY 24,90024.9k $2.4m $2.4m 0.81% Unchanged
60 TOTH FINANCIAL ADVISORY CORP 0.29% of their portfolio LEESBURG, VA 24,89924.9k $2.4m $2.4m 0.29% Reduced -769 -769
61 AAFMAA Wealth Management & Trust LLC 0.98% of their portfolio FAYETTEVILLE, NC 22,27122.3k $2.2m $2.2m 0.98% Added +11.9k +11,907
62 CENTAURUS FINANCIAL, INC. 0.13% of their portfolio ANAHEIM, CA 21,81521.8k $2.1m $2.1m 0.13% Added +581 +581
63 Merit Financial Group, LLC 0.03% of their portfolio ALPHARETTA, GA 20,67620.7k $2.0m $2.0m 0.03% Reduced -1.5k -1,530
64 First Nebraska Trust Co 0.20% of their portfolio LINCOLN, NE 20,62120.6k $2.0m $2.0m 0.20% Reduced -402 -402
65 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 20,00020.0k $1.9m $1.9m 0.01% New
66 Choate Investment Advisors 0.05% of their portfolio BOSTON, MA 19,49919.5k $1.9m $1.9m 0.05% Unchanged
67 Institute for Wealth Management, LLC. 0.24% of their portfolio DENVER, CO 19,16719.2k $1.9m $1.9m 0.24% Added +313 +313
68 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 17,88417.9k $1.7m $1.7m 0.00% Reduced -469 -469
69 GROUP ONE TRADING LLC 0.07% of their portfolio CHICAGO, IL 16,12716.1k $1.6m $1.6m 0.07% New
70 Alexis Investment Partners, LLC 0.74% of their portfolio MONTGOMERY, TX 15,96016.0k $1.5m $1.5m 0.74% Reduced -33 -33
71 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 15,90815.9k $1.5m $1.5m 0.01% Reduced -3.4k -3,367
72 Advisory Services Network, LLC 0.03% of their portfolio ATLANTA, GA 15,25215.3k $1.5m $1.5m 0.03% Added +570 +570
73 Clarus Wealth Advisors 0.72% of their portfolio PEORIA, AZ 14,41314.4k $1.3m $1.3m 0.72% Reduced -1.2k -1,204
74 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 13,43013.4k $1.3m $1.3m 0.00% Added +9.1k +9,117
75 PEAK FINANCIAL ADVISORS LLC 0.65% of their portfolio DENVER, CO 13,24013.2k $1.3m $1.3m 0.65% Added +552 +552
76 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 12,56712.6k $1.2m $1.2m 0.00% Reduced -9.7k -9,728
77 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 12,53512.5k $1.2m $1.2m 0.00% Added +6.3k +6,344
78 Providence First Trust Co 0.49% of their portfolio SCOTTSDALE, AZ 12,49712.5k $1.2m $1.2m 0.49% Unchanged
79 Sage Capital Management, LLC 0.63% of their portfolio Stockton, NJ 12,02812.0k $1.2m $1.2m 0.63% Reduced -2.9k -2,888
80 Mariner, LLC 0.00% of their portfolio Overland Park, KS 11,92511.9k $1.2m $1.2m 0.00% Added +609 +609
81 Lauer Wealth, LLC 0.87% of their portfolio VALPARAISO, IN 11,83011.8k $1.1m $1.1m 0.87% Unchanged
82 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 11,79511.8k $1.1m $1.1m 0.00% Reduced -9.1k -9,076
83 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 11,74511.7k $1.1m $1.1m 0.01% Added +2.6k +2,649
84 Spire Wealth Management 0.04% of their portfolio MCLEAN, VA 11,38611.4k $1.1m $1.1m 0.04% Reduced -3.4k -3,370
85 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 11,27411.3k $1.1m $1.1m 0.00% Unchanged
86 Zhang Financial LLC 0.06% of their portfolio PORTAGE, MI 11,03011.0k $1.1m $1.1m 0.06% Unchanged
87 JAMES INVESTMENT RESEARCH, INC. 0.13% of their portfolio ALPHA, OH 10,87110.9k $1.1m $1.1m 0.13% Unchanged
88 SummitTX Capital, L.P. 0.05% of their portfolio FORT WORTH, TX 10,77010.8k $1.0m $1.0m 0.05% First filing
89 Pinnacle Financial Partners Inc 0.02% of their portfolio Nashville, TN 10,51410.5k $1.0m $1.0m 0.02% Added +203 +203
90 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 10,17310.2k $985.8k $985.8k 0.00% Added +164 +164
91 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 10,05210.1k $974.0k $974.0k 0.01% New
92 GUIDANCE CAPITAL, INC 0.30% of their portfolio LOUSVILLE, KY 10,01810.0k $974.1k $974.1k 0.30% Added +4.0k +3,967
93 GARRISON POINT ADVISORS, LLC 0.46% of their portfolio Walnut Creek, CA 9,8109.8k $950.6k $950.6k 0.46% Reduced -300 -300
94 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 9,6349.6k $933.5k $933.5k 0.00% Reduced -214 -214
95 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 9,5559.6k $925.9k $925.9k 0.00% Reduced -4.0k -4,032
96 MEANS INVESTMENT CO., INC. 0.10% of their portfolio BANGOR, ME 9,5239.5k $922.8k $922.8k 0.10% Reduced -2.7k -2,671
97 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 9,5189.5k $922.3k $922.3k 0.00% Added +1.6k +1,640
98 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 8,7108.7k $844.0k $844.0k 0.00% Added +2.7k +2,716
99 Summit Financial, LLC 0.02% of their portfolio PARSIPPANY, NJ 8,4748.5k $821.1k $821.1k 0.02% Added +15 +15
100 BLUEFIN CAPITAL MANAGEMENT, LLC 0.65% of their portfolio NEW YORK, NY 8,3758.4k $811.5k $811.5k 0.65% First filing