Vault-13

SPDR SER TR XHB

S&P HOMEBUILD · ETP · CUSIP 78464A888

261 institutional holders -14 vs Q1 2025
17,314,81317.3m shares reported held*
$1.7bnreported value*
29 new 76 added 85 reduced 43 sold out net bought ≈ $82.7m (+838.9k 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 ≈ $98.70. Options: 18 managers hold calls ($579.4m notional), 17 hold puts ($577.0m).

Trends to Q2 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: 275Q2 25: 261261Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 2025261

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 118 bought or addedQ3 23: 125 cut or sold outQ4 23: 151 bought or addedQ4 23: 116 cut or sold outQ4 23Q1 24: 159 bought or addedQ1 24: 127 cut or sold outQ2 24: 137 bought or addedQ2 24: 146 cut or sold outQ2 24Q3 24: 184 bought or addedQ3 24: 115 cut or sold outQ4 24: 155 bought or addedQ4 24: 160 cut or sold outQ4 24Q1 25: 121 bought or addedQ1 25: 157 cut or sold outQ2 25: 105 bought or addedQ2 25: 128 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023118125
Q4 2023151116
Q1 2024159127
Q2 2024137146
Q3 2024184115
Q4 2024155160
Q1 2025121157
Q2 2025105128

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ3 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 0.94Q2 25 calls: $579.4mQ2 25 puts: $577.0mQ2 25P/C 1.00
Numbers
QuarterCallsPutsP/C
Q3 2024$346.6m$576.7m1.66
Q4 2024$244.3m$570.0m2.33
Q1 2025$784.1m$734.4m0.94
Q2 2025$579.4m$577.0m1.00

Biggest buyers

Harel Insurance Investments & Financial Services Ltd. New +1,202,000+1.2m
MORGAN STANLEY Added +882,748+882.7k
STATE OF WISCONSIN INVESTMENT BOARD New +400,000+400.0k
BANK OF AMERICA CORP /DE/ Added +315,593+315.6k
MIRAE ASSET SECURITIES (USA) INC. Added +250,000+250.0k
UBS Group AG Added +148,360+148.4k
Diversify Advisory Services, LLC New +137,745+137.7k
Walleye Trading LLC New +136,140+136.1k
CITIGROUP INC Added +128,656+128.7k
RAYMOND JAMES FINANCIAL INC Added +122,089+122.1k

Biggest sellers

CITADEL ADVISORS LLC Reduced -1,263,041-1.3m
BNP PARIBAS FINANCIAL MARKETS Reduced -607,759-607.8k
AMERIPRISE FINANCIAL INC Reduced -484,974-485.0k
Qube Research & Technologies Ltd Reduced -176,128-176.1k
GOLDMAN SACHS GROUP INC Reduced -140,599-140.6k
Jefferies Financial Group Inc. Sold out -102,356-102.4k
Polar Asset Management Partners Inc. Sold out -101,600-101.6k
JPMORGAN CHASE & CO Reduced -94,327-94.3k
Arrow Financial Corp Sold out -79,376-79.4k
Passaic Partners LLC Sold out -76,708-76.7k

Biggest calls

MILLENNIUM MANAGEMENT LLC Added $84.7m859.2k shares
Candlestick Capital Management LP New $80.0m811.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $77.7m788.5k shares
CITADEL ADVISORS LLC Reduced $64.3m652.0k shares
BANK OF AMERICA CORP /DE/ New $56.2m570.0k shares
NOMURA HOLDINGS INC Reduced $46.8m475.0k shares
JANE STREET GROUP, LLC Added $41.7m422.7k shares
UBS Group AG Added $30.8m312.5k shares
Brevan Howard Capital Management LP New $24.6m250.0k shares
Balyasny Asset Management L.P. Added $23.2m235.0k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $217.0m2.2m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $122.8m1.2m shares
OAKTREE CAPITAL MANAGEMENT LP New $68.0m690.0k shares
JANE STREET GROUP, LLC Added $41.4m419.5k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $40.1m407.1k shares
NOMURA HOLDINGS INC Reduced $27.1m275.0k shares
UBS Group AG Reduced $20.7m210.0k shares
WOLVERINE TRADING, LLC Added $12.1m122.7k shares
BANK OF AMERICA CORP /DE/ New $6.9m70.0k shares
BARCLAYS PLC New $4.9m50.0k 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 2,827,4292.8m $278.7m $278.7m 0.05% Reduced -140.6k -140,599
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,980,8142.0m $195.2m $195.2m 0.01% Added +882.7k +882,748
3 Harel Insurance Investments & Financial Services Ltd. 1.36% of their portfolio Ramat Gan, L3 1,202,0001.2m $118.5m $118.5m 1.36% New
4 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,151,4011.2m $113.5m $113.5m 0.01% Added +315.6k +315,593
5 NATIXIS 0.54% of their portfolio PARIS, I0 1,100,5471.1m $108.5m $108.5m 0.54% Reduced -5.2k -5,210
6 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,004,7431.0m $99.0m $99.0m 0.02% Added +148.4k +148,360
7 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.16% of their portfolio TORONTO, A6 800,000800.0k $78.9m $78.9m 0.16% Unchanged
8 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 611,155611.2k $60.2m $60.2m 0.00% Reduced -94.3k -94,327
9 CITIGROUP INC 0.04% of their portfolio NEW YORK, NY 610,552610.6k $60.2m $60.2m 0.04% Added +128.7k +128,656
10 MIRAE ASSET SECURITIES (USA) INC. 2.18% of their portfolio NEW YORK, NY 500,000500.0k $49.3m $49.3m 2.18% Added +250.0k +250,000
11 STATE OF WISCONSIN INVESTMENT BOARD 0.10% of their portfolio MADISON, WI 400,000400.0k $39.4m $39.4m 0.10% New
12 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 259,086259.1k $25.5m $25.5m 0.01% Reduced -26.9k -26,925
13 Qube Research & Technologies Ltd 0.03% of their portfolio LONDON, X0 244,851244.9k $24.1m $24.1m 0.03% Reduced -176.1k -176,128
14 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 227,098227.1k $22.4m $22.4m 0.01% Added +122.1k +122,089
15 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 225,934225.9k $22.3m $22.3m 0.00% Added +69.0k +69,038
16 MEITAV INVESTMENT HOUSE LTD 0.27% of their portfolio BENE-BERAQ, L3 205,904205.9k $20.3m $20.3m 0.27% Added +545 +545
17 Atom Investors LP 1.61% of their portfolio AUSTIN, TX 184,722184.7k $18.2m $18.2m 1.61% Added +96.7k +96,736
18 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 170,125170.1k $16.8m $16.8m 0.02% Added +60.5k +60,501
19 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 151,144151.1k $14.9m $14.9m 0.00% Reduced -48.1k -48,057
20 Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD 1.05% of their portfolio Tel Aviv, L3 147,504147.5k $14.5m $14.5m 1.05% Unchanged
21 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 142,724142.7k $14.1m $14.1m 0.02% Added +32.3k +32,296
22 Diversify Advisory Services, LLC 0.59% of their portfolio SANDY, UT 137,745137.7k $15.3m $15.3m 0.59% New
23 Walleye Trading LLC 0.33% of their portfolio NEW YORK, NY 136,140136.1k $13.4m $13.4m 0.33% New
24 BlackRock, Inc. 0.00% of their portfolio New York, NY 135,500135.5k $13.4m $13.4m 0.00% Added +456 +456
25 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 114,457114.5k $11.3m $11.3m 0.01% Reduced -607.8k -607,759
26 Private Advisor Group, LLC 0.05% of their portfolio MORRISTOWN, NJ 86,62186.6k $8.5m $8.5m 0.05% Added +26.9k +26,916
27 Graham Capital Management, L.P. 0.26% of their portfolio ROWAYTON, CT 86,00086.0k $8.5m $8.5m 0.26% Added +44.0k +44,000
28 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 84,33584.3k $8.3m $8.3m 0.00% Added +10.7k +10,728
29 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 75,09575.1k $7.4m $7.4m 0.01% Reduced -1.3m -1,263,041
30 Walleye Capital LLC 0.06% of their portfolio NEW YORK, NY 64,00064.0k $6.3m $6.3m 0.06% Added +25.5k +25,473
31 Perbak Capital Partners LLP 1.41% of their portfolio LONDON, X0 63,33663.3k $6.2m $6.2m 1.41% New
32 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 62,92662.9k $6.2m $6.2m 0.01% Reduced -3.1k -3,143
33 Viewpoint Capital Management LLC 2.78% of their portfolio SEATTLE, WA 57,47957.5k $5.7m $5.7m 2.78% Reduced -509 -509
34 Guardian Partners Inc. 0.52% of their portfolio TORONTO, Z4 55,46255.5k $5.8m $5.8m 0.52% Added +52.4k +52,352
35 Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD 1.15% of their portfolio Tel Aviv, L3 53,23053.2k $5.2m $5.2m 1.15% Unchanged
36 Aster Capital Management (DIFC) Ltd 1.16% of their portfolio DUBAI, C0 52,03852.0k $5.1m $5.1m 1.16% Reduced -221 -221
37 Tower Research Capital LLC (TRC) 0.14% of their portfolio NEW YORK, NY 51,53251.5k $5.1m $5.1m 0.14% Added +4.4k +4,370
38 ELEMENT CAPITAL MANAGEMENT LLC 12.05% of their portfolio New York, NY 50,00050.0k $4.9m $4.9m 12.05% Unchanged
39 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 48,46848.5k $4.8m $4.8m 0.01% New
40 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 46,78446.8k $4.6m $4.6m 0.01% Reduced -19.7k -19,691
41 Gerber Kawasaki Wealth & Investment Management 0.18% of their portfolio SANTA MONICA, CA 46,72846.7k $4.6m $4.6m 0.18% Added +1.6k +1,585
42 Phoenix Financial Ltd. 0.06% of their portfolio Givatayim, L3 44,66944.7k $4.4m $4.4m 0.06% Reduced -1.7k -1,663
43 Federation des caisses Desjardins du Quebec 0.02% of their portfolio LEVIS, A8 40,41640.4k $4.0m $4.0m 0.02% Reduced -9.4k -9,428
44 Vestcor Inc 0.12% of their portfolio FREDERICTON, A3 40,00040.0k $3.9m $3.9m 0.12% Unchanged
45 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 40,00040.0k $3.9m $3.9m 0.01% Added +20.0k +20,000
46 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 39,39639.4k $3.9m $3.9m 0.01% Reduced -2.6k -2,588
47 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 38,13838.1k $3.8m $3.8m 0.00% Reduced -4.8k -4,756
48 North Star Investment Management Corp. 0.25% of their portfolio CHICAGO, IL 36,70636.7k $3.6m $3.6m 0.25% Added +1.7k +1,735
49 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 35,85935.9k $3.5m $3.5m 0.01% Added +26.2k +26,225
50 J. Goldman & Co LP 0.11% of their portfolio NEW YORK, NY 35,42935.4k $3.5m $3.5m 0.11% Reduced -18.8k -18,771
51 SIMPLEX TRADING, LLC 0.09% of their portfolio CHICAGO, IL 34,77034.8k $3.4m $3.4m 0.09% New
52 BOS Asset Management, LLC 1.08% of their portfolio SPRINGFIELD, IL 34,49434.5k $3.4m $3.4m 1.08% Added +1.3k +1,257
53 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 33,99334.0k $3.4m $3.4m 0.00% Reduced -261 -261
54 Ellis Investment Partners, LLC 0.64% of their portfolio Berwyn, PA 33,21833.2k $3.3m $3.3m 0.64% Added +2.5k +2,537
55 CWM, LLC 0.01% of their portfolio OMAHA, NE 32,15532.2k $3.2m $3.2m 0.01% Added +6.5k +6,476
56 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 29,19929.2k $2.9m $2.9m 0.01% Reduced -7.2k -7,187
57 Bricktown Capital, LLC 0.52% of their portfolio DETROIT, MI 29,03429.0k $2.9m $2.9m 0.52% Unchanged
58 Bogart Wealth, LLC 0.12% of their portfolio MCLEAN, VA 28,44728.4k $2.8m $2.8m 0.12% Added +2.5k +2,516
59 WOLVERINE TRADING, LLC 0.06% of their portfolio CHICAGO, IL 25,18825.2k $2.5m $2.5m 0.06% New
60 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 24,94224.9k $2.5m $2.5m 0.00% Reduced -485.0k -484,974
61 Palumbo Wealth Management LLC 0.76% of their portfolio GREAT NECK, NY 24,90024.9k $2.5m $2.5m 0.76% Unchanged
62 AAFMAA Wealth Management & Trust LLC 0.96% of their portfolio FAYETTEVILLE, NC 23,59823.6k $2.3m $2.3m 0.96% Added +1.3k +1,327
63 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 23,22223.2k $2.3m $2.3m 0.00% Added +20.8k +20,822
64 CENTAURUS FINANCIAL, INC. 0.13% of their portfolio ANAHEIM, CA 22,39122.4k $2.2m $2.2m 0.13% Added +576 +576
65 TOTH FINANCIAL ADVISORY CORP 0.26% of their portfolio LEESBURG, VA 22,28522.3k $2.2m $2.2m 0.26% Reduced -2.6k -2,614
66 First Nebraska Trust Co 0.19% of their portfolio LINCOLN, NE 20,83720.8k $2.0m $2.0m 0.19% Added +216 +216
67 GTS SECURITIES LLC 0.09% of their portfolio NEW YORK, NY 20,44720.4k $2.0m $2.0m 0.09% Reduced -50.8k -50,811
68 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 20,26820.3k $2.0m $2.0m 0.01% Added +12.0k +12,024
69 GROUP ONE TRADING LLC 0.06% of their portfolio CHICAGO, IL 20,11520.1k $2.0m $2.0m 0.06% Added +4.0k +3,988
70 Choate Investment Advisors 0.04% of their portfolio BOSTON, MA 19,49919.5k $1.9m $1.9m 0.04% Unchanged
71 Institute for Wealth Management, LLC. 0.21% of their portfolio DENVER, CO 19,44419.4k $1.9m $1.9m 0.21% Added +277 +277
72 Merit Financial Group, LLC 0.02% of their portfolio ALPHARETTA, GA 19,39219.4k $1.9m $1.9m 0.02% Reduced -1.3k -1,284
73 Zweig-DiMenna Associates LLC 0.19% of their portfolio NEW YORK, NY 19,10019.1k $1.9m $1.9m 0.19% New
74 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 18,41218.4k $1.8m $1.8m 0.00% Added +528 +528
75 Itau Unibanco Holding S.A. 0.07% of their portfolio SAO PAULO, D5 17,49017.5k $1.7m $1.7m 0.07% New
76 Advisory Services Network, LLC 0.03% of their portfolio ATLANTA, GA 16,79416.8k $1.7m $1.7m 0.03% Added +1.5k +1,542
77 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 15,37815.4k $1.5m $1.5m 0.01% Added +2.8k +2,843
78 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 14,52714.5k $1.4m $1.4m 0.00% Reduced -1.4k -1,381
79 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 13,13813.1k $1.3m $1.3m 0.00% Reduced -292 -292
80 Alexis Investment Partners, LLC 0.55% of their portfolio MONTGOMERY, TX 12,99413.0k $1.3m $1.3m 0.55% Reduced -3.0k -2,966
81 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 12,59412.6k $1.2m $1.2m 0.00% Added +27 +27
82 GUIDANCE CAPITAL, INC 0.37% of their portfolio LOUSVILLE, KY 12,56312.6k $1.3m $1.3m 0.37% Added +2.5k +2,545
83 Providence First Trust Co 0.44% of their portfolio SCOTTSDALE, AZ 12,49712.5k $1.2m $1.2m 0.44% Unchanged
84 Sage Capital Management, LLC 0.55% of their portfolio Stockton, NJ 11,50611.5k $1.1m $1.1m 0.55% Reduced -522 -522
85 Mariner, LLC 0.00% of their portfolio Overland Park, KS 11,43611.4k $1.1m $1.1m 0.00% Reduced -489 -489
86 JAMES INVESTMENT RESEARCH, INC. 0.12% of their portfolio ALPHA, OH 10,66510.7k $1.1m $1.1m 0.12% Reduced -206 -206
87 HMS Capital Management, LLC 0.47% of their portfolio NASHVILLE, TN 10,50310.5k $1.0m $1.0m 0.47% Reduced -61.3k -61,327
88 GARRISON POINT ADVISORS, LLC 0.44% of their portfolio Walnut Creek, CA 9,8109.8k $967.0k $967.0k 0.44% Unchanged
89 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 9,8079.8k $966.7k $966.7k 0.01% Reduced -245 -245
90 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.01% of their portfolio Madrid, U3 9,6629.7k $948.7k $948.7k 0.01% New
91 CW Advisors, LLC 0.01% of their portfolio BOSTON, MA 9,5089.5k $937.2k $937.2k 0.01% Added +2.8k +2,842
92 MEANS INVESTMENT CO., INC. 0.09% of their portfolio BANGOR, ME 9,4569.5k $932.0k $932.0k 0.09% Reduced -67 -67
93 Greenland Capital Management LP 0.12% of their portfolio NEW YORK, NY 9,1399.1k $900.8k $900.8k 0.12% New
94 XTX Topco Ltd 0.04% of their portfolio LONDON, X0 9,1179.1k $898.7k $898.7k 0.04% New
95 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 9,0969.1k $896.6k $896.6k 0.01% Reduced -2.6k -2,649
96 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 9,0079.0k $886.8k $886.8k 0.00% Added +1.6k +1,636
97 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 8,8488.8k $872.2k $872.2k 0.00% Reduced -1.3k -1,325
98 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 8,7108.7k $858.6k $858.6k 0.00% Unchanged
99 Capital Square, LLC 0.48% of their portfolio ATHENS, TN 8,5938.6k $900.2k $900.2k 0.48% Added +1.6k +1,560
100 Summit Financial, LLC 0.02% of their portfolio PARSIPPANY, NJ 8,4598.5k $833.8k $833.8k 0.02% Reduced -15 -15