Vault-13

SPDR SER TR XHB

S&P HOMEBUILD · ETP · CUSIP 78464A888

308 institutional holders -7 vs Q4 2025
14,369,71914.4m shares reported held*
$1.4bnreported value*
51 new 93 added 90 reduced 55 sold out net sold ≈ $109.3m (-1.1m 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 ($1.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $98.67. Options: 16 managers hold calls ($407.4m notional), 19 hold puts ($379.0m).

Trends to Q1 2026

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: 261Q3 25: 306Q4 25: 315Q1 26: 308308Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 2025306
Q4 2025315
Q1 2026308

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 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 25Q2 25: 105 bought or addedQ2 25: 128 cut or sold outQ3 25: 172 bought or addedQ3 25: 96 cut or sold outQ3 25Q4 25: 140 bought or addedQ4 25: 150 cut or sold outQ1 26: 144 bought or addedQ1 26: 145 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024137146
Q3 2024184115
Q4 2024155160
Q1 2025121157
Q2 2025105128
Q3 202517296
Q4 2025140150
Q1 2026144145

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bnQ2 25 calls: $579.4mQ2 25 puts: $577.0mQ2 25P/C 1.00Q3 25 calls: $377.3mQ3 25 puts: $642.2mQ3 25P/C 1.70Q4 25 calls: $1.3bnQ4 25 puts: $483.3mQ4 25P/C 0.36Q1 26 calls: $407.4mQ1 26 puts: $379.0mQ1 26P/C 0.93
Numbers
QuarterCallsPutsP/C
Q2 2025$579.4m$577.0m1.00
Q3 2025$377.3m$642.2m1.70
Q4 2025$1.3bn$483.3m0.36
Q1 2026$407.4m$379.0m0.93

Biggest buyers

MORGAN STANLEY Added +502,385+502.4k
GOLDMAN SACHS GROUP INC Added +286,889+286.9k
UBS Group AG Added +161,788+161.8k
BANK OF MONTREAL /CAN/ Added +154,674+154.7k
BNP PARIBAS FINANCIAL MARKETS Added +149,002+149.0k
JANE STREET GROUP, LLC New +147,929+147.9k
CITADEL ADVISORS LLC Added +131,044+131.0k
ExodusPoint Capital Management, LP New +100,578+100.6k
BW Gestao de Investimentos Ltda. New +100,000+100.0k
Jain Global LLC New +89,510+89.5k

Biggest sellers

NATIXIS Reduced -498,831-498.8k
CITIGROUP INC Reduced -309,302-309.3k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -300,000-300.0k
D. E. Shaw & Co., Inc. Sold out -226,355-226.4k
SOROS FUND MANAGEMENT LLC Sold out -202,579-202.6k
Passaic Partners LLC Reduced -200,334-200.3k
TWO SIGMA INVESTMENTS, LP Sold out -177,191-177.2k
Qube Research & Technologies Ltd Sold out -143,471-143.5k
Kingsview Wealth Management, LLC Reduced -141,684-141.7k
WELLS FARGO & COMPANY/MN Reduced -128,838-128.8k

Biggest calls

MILLENNIUM MANAGEMENT LLC Added $153.1m1.6m shares
JANE STREET GROUP, LLC Reduced $49.8m504.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $48.9m495.7k shares
PEAK6 LLC Reduced $40.1m405.9k shares
TUDOR INVESTMENT CORP ET AL Added $39.5m400.0k shares
CITADEL ADVISORS LLC Reduced $31.7m321.4k shares
NOMURA HOLDINGS INC Reduced $21.2m215.0k shares
Walleye Trading LLC Added $7.4m74.9k shares
Parallax Volatility Advisers, L.P. Added $4.3m39.9k shares
MARSHALL WACE, LLP Added $4.0m40.5k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $99.5m1.0m shares
CITADEL ADVISORS LLC Reduced $71.3m722.4k shares
JANE STREET GROUP, LLC Added $69.1m699.8k shares
MILLENNIUM MANAGEMENT LLC Reduced $27.4m278.0k shares
ROYAL BANK OF CANADA Unchanged $24.7m250.0k shares
Jain Global LLC Added $19.7m200.0k shares
LMR Partners LLP New $18.9m191.8k shares
BNP PARIBAS FINANCIAL MARKETS New $9.9m1.0k shares
Hiddenite Capital Partners LP New $9.9m100.0k shares
Walleye Trading LLC Added $9.2m93.0k 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 2,644,9022.6m $261.1m $261.1m 0.03% Added +286.9k +286,889
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,469,9411.5m $145.1m $145.1m 0.01% Added +502.4k +502,385
3 CITIGROUP INC 0.06% of their portfolio NEW YORK, NY 886,049886.0k $87.5m $87.5m 0.06% Reduced -309.3k -309,302
4 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 670,171670.2k $66.2m $66.2m 0.00% Reduced -58.1k -58,084
5 BARCLAYS PLC 0.02% of their portfolio LONDON, X0 608,017608.0k $60.0m $60.0m 0.02% Reduced -10.6k -10,572
6 CITADEL ADVISORS LLC 0.04% of their portfolio MIAMI, FL 552,918552.9k $54.6m $54.6m 0.04% Added +131.0k +131,044
7 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 537,777537.8k $53.1m $53.1m 0.03% Added +149.0k +149,002
8 MIRAE ASSET SECURITIES (USA) INC. 2.33% of their portfolio NEW YORK, NY 500,000500.0k $49.4m $49.4m 2.33% Unchanged
9 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 427,893427.9k $42.2m $42.2m 0.01% Added +49.1k +49,135
10 NATIXIS 0.14% of their portfolio PARIS, I0 353,302353.3k $34.9m $34.9m 0.14% Reduced -498.8k -498,831
11 UBS Group AG 0.01% of their portfolio ZURICH, V8 350,138350.1k $34.6m $34.6m 0.01% Added +161.8k +161,788
12 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 327,513327.5k $32.3m $32.3m 0.01% Added +66.5k +66,517
13 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 319,240319.2k $31.5m $31.5m 0.01% Added +36.3k +36,305
14 CoreCap Advisors, LLC 0.80% of their portfolio SOUTHFIELD, MI 238,094238.1k $23.5m $23.5m 0.80% Reduced -1.7k -1,738
15 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 214,789214.8k $21.2m $21.2m 0.01% Added +154.7k +154,674
16 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 175,120175.1k $17.3m $17.3m 0.02% Reduced -9.7k -9,680
17 NAN FUNG TRINITY (HK) LTD 1.68% of their portfolio CENTRAL, HONG KONG, K3 155,040155.0k $15.3m $15.3m 1.68% Unchanged
18 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio TORONTO, A6 150,000150.0k $14.8m $14.8m 0.02% Reduced -300.0k -300,000
19 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 147,929147.9k $14.6m $14.6m 0.02% New
20 MEITAV INVESTMENT HOUSE LTD 0.16% of their portfolio BENE-BERAQ, L3 146,159146.2k $14.4m $14.4m 0.16% Reduced -59.2k -59,200
21 BlackRock, Inc. 0.00% of their portfolio New York, NY 136,547136.5k $13.5m $13.5m 0.00% Added +510 +510
22 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 114,486114.5k $11.3m $11.3m 0.00% Reduced -128.8k -128,838
23 Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD 0.67% of their portfolio Tel Aviv, L3 103,396103.4k $10.2m $10.2m 0.67% Reduced -44.1k -44,108
24 ExodusPoint Capital Management, LP 0.10% of their portfolio NEW YORK, NY 100,578100.6k $9.9m $9.9m 0.10% New
25 BW Gestao de Investimentos Ltda. 0.44% of their portfolio SAO PAULO, D5 100,000100.0k $9.9m $9.9m 0.44% New
26 Aster Capital Management (DIFC) Ltd 2.94% of their portfolio DUBAI, C0 92,85692.9k $9.0m $9.0m 2.94% Added +55.2k +55,166
27 Jain Global LLC 0.11% of their portfolio NEW YORK, NY 89,51089.5k $8.8m $8.8m 0.11% New
28 Passaic Partners LLC 1.05% of their portfolio NEWARK, NJ 88,04588.0k $8.7m $8.7m 1.05% Reduced -200.3k -200,334
29 MYDA Advisors LLC 1.86% of their portfolio WOODMERE, NY 80,00080.0k $7.9m $7.9m 1.86% New
30 CAPITAL FUND MANAGEMENT S.A. 0.06% of their portfolio PARIS, I0 68,67268.7k $6.8m $6.8m 0.06% Reduced -92.7k -92,701
31 Agave Capital Management Ltd 1.06% of their portfolio LONDON, X0 67,84667.8k $6.6m $6.6m 1.06% Unchanged
32 Viewpoint Capital Management LLC 2.90% of their portfolio SEATTLE, WA 62,86462.9k $6.2m $6.2m 2.90% Added +3.7k +3,655
33 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 62,60262.6k $6.2m $6.2m 0.01% Reduced -12.5k -12,520
34 J. Goldman & Co LP 0.27% of their portfolio NEW YORK, NY 58,94858.9k $5.8m $5.8m 0.27% Added +23.2k +23,226
35 Tower Research Capital LLC (TRC) 0.14% of their portfolio NEW YORK, NY 53,23653.2k $5.3m $5.3m 0.14% New
36 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 50,61850.6k $5.0m $5.0m 0.01% Reduced -6.4k -6,385
37 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 50,21550.2k $5.0m $5.0m 0.01% Added +5.7k +5,698
38 INTRINSIC EDGE CAPITAL MANAGEMENT LLC 0.90% of their portfolio CHICAGO, IL 50,00050.0k $4.9m $4.9m 0.90% New
39 Ellis Investment Partners, LLC 0.75% of their portfolio Berwyn, PA 43,54243.5k $4.3m $4.3m 0.75% Reduced -2.3k -2,259
40 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 42,93642.9k $4.2m $4.2m 0.00% Reduced -108.7k -108,660
41 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.03% of their portfolio Madrid, U3 42,62642.6k $4.2m $4.2m 0.03% Added +22.9k +22,879
42 Gerber Kawasaki Wealth & Investment Management 0.13% of their portfolio SANTA MONICA, CA 42,48042.5k $4.2m $4.2m 0.13% Added +2.0k +1,969
43 IMC-Chicago, LLC 0.06% of their portfolio CHICAGO, IL 42,43942.4k $4.2m $4.2m 0.06% New
44 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 41,56741.6k $4.1m $4.1m 0.01% Added +1.7k +1,745
45 XTX Topco Ltd 0.07% of their portfolio LONDON, X0 41,35641.4k $4.1m $4.1m 0.07% New
46 Graham Capital Management, L.P. 0.14% of their portfolio ROWAYTON, CT 41,00041.0k $4.0m $4.0m 0.14% Reduced -46.2k -46,200
47 Perbak Capital Partners LLP 0.99% of their portfolio LONDON, X0 40,89240.9k $4.0m $4.0m 0.99% Added +1.5k +1,460
48 North Star Investment Management Corp. 0.24% of their portfolio CHICAGO, IL 40,48240.5k $4.0m $4.0m 0.24% Added +2.1k +2,057
49 BOS Asset Management, LLC 0.99% of their portfolio SPRINGFIELD, IL 39,30139.3k $3.9m $3.9m 0.99% Reduced -271 -271
50 Mountain Hill Investment Partners Corp. 2.30% of their portfolio ATLANTIC HIGHLANDS, NJ 39,30039.3k $3.9m $3.9m 2.30% New
51 Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD 0.74% of their portfolio Tel Aviv, L3 38,13838.1k $3.8m $3.8m 0.74% Reduced -15.1k -15,092
52 GROUP ONE TRADING LLC 0.12% of their portfolio CHICAGO, IL 36,52836.5k $3.6m $3.6m 0.12% New
53 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 34,00334.0k $3.4m $3.4m 0.01% Added +2.8k +2,814
54 K.J. Harrison & Partners Inc 0.55% of their portfolio TORONTO, A6 34,00034.0k $3.4m $3.4m 0.55% Unchanged
55 Prostatis Group LLC 0.85% of their portfolio HANOVER, MD 33,58633.6k $3.3m $3.3m 0.85% New
56 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 31,84031.8k $3.1m $3.1m 0.00% Reduced -6.0k -6,018
57 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 29,83429.8k $2.9m $2.9m 0.01% Reduced -128.7k -128,744
58 Bricktown Capital, LLC 0.56% of their portfolio DETROIT, MI 29,03429.0k $2.9m $2.9m 0.56% Unchanged
59 Palumbo Wealth Management LLC 0.67% of their portfolio GREAT NECK, NY 27,68727.7k $2.7m $2.7m 0.67% Unchanged
60 Schonfeld Strategic Advisors LLC 0.02% of their portfolio NEW YORK, NY 26,74926.7k $2.6m $2.6m 0.02% Added +24.2k +24,187
61 TOTH FINANCIAL ADVISORY CORP 0.28% of their portfolio LEESBURG, VA 26,21026.2k $2.6m $2.6m 0.28% Added +861 +861
62 Walleye Trading LLC 0.05% of their portfolio NEW YORK, NY 25,29325.3k $2.5m $2.5m 0.05% Added +19.2k +19,191
63 TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio STAMFORD, CT 25,00225.0k $2.5m $2.5m 0.01% New
64 CENTAURUS FINANCIAL, INC. 0.11% of their portfolio ANAHEIM, CA 24,30924.3k $2.4m $2.4m 0.11% Added +416 +416
65 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 22,83622.8k $2.3m $2.3m 0.00% Added +6.6k +6,612
66 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 22,11822.1k $2.2m $2.2m 0.01% Reduced -56 -56
67 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 21,99122.0k $2.2m $2.2m 0.00% Reduced -638 -638
68 GTS SECURITIES LLC 0.07% of their portfolio NEW YORK, NY 20,94820.9k $2.1m $2.1m 0.07% New
69 Alden Global Capital LLC 1.15% of their portfolio BRANDON, FL 20,70020.7k $2.0m $2.0m 1.15% New
70 HARBOUR INVESTMENTS, INC. 0.03% of their portfolio MADISON, WI 19,93719.9k $2.0m $2.0m 0.03% Added +11.0k +11,016
71 Institute for Wealth Management, LLC. 0.21% of their portfolio DENVER, CO 19,80219.8k $2.0m $2.0m 0.21% Added +610 +610
72 Choate Investment Advisors 0.04% of their portfolio BOSTON, MA 19,49919.5k $1.9m $1.9m 0.04% Unchanged
73 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 18,17918.2k $1.8m $1.8m 0.00% Added +3.4k +3,401
74 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 18,10118.1k $1.8m $1.8m 0.00% Added +795 +795
75 Gerald Baker Financial Group LLC 0.57% of their portfolio ARLINGTON, TX 18,07218.1k $1.8m $1.8m 0.57% First filing
76 Summit Financial, LLC 0.02% of their portfolio PARSIPPANY, NJ 17,93917.9k $1.8m $1.8m 0.02% Added +7.2k +7,232
77 Hilltop Holdings Inc. 0.16% of their portfolio DALLAS, TX 17,66917.7k $1.7m $1.7m 0.16% New
78 Advisory Services Network, LLC 0.02% of their portfolio ATLANTA, GA 17,24017.2k $1.7m $1.7m 0.02% Added +561 +561
79 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 16,27316.3k $1.6m $1.6m 0.00% Reduced -72.0k -72,020
80 Mariner, LLC 0.00% of their portfolio Overland Park, KS 16,01216.0k $1.6m $1.6m 0.00% Added +5.7k +5,691
81 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 15,14415.1k $1.5m $1.5m 0.00% Added +3.0k +3,047
82 Phoenix Financial Ltd. 0.01% of their portfolio Givatayim, L3 14,30914.3k $1.4m $1.4m 0.01% Reduced -28.3k -28,271
83 BlueCrest Capital Management Ltd 0.13% of their portfolio ST HELIER, Y9 13,94013.9k $1.4m $1.4m 0.13% New
84 ELEVATION POINT WEALTH PARTNERS, LLC 0.03% of their portfolio DENVER, CO 13,91313.9k $1.4m $1.4m 0.03% Added +1.0k +1,047
85 Vestmark Advisory Solutions, Inc. 0.02% of their portfolio Wakefield, MA 13,75213.8k $1.4m $1.4m 0.02% Added +1.1k +1,053
86 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 13,69413.7k $1.4m $1.4m 0.00% Reduced -3.4k -3,365
87 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 13,22113.2k $1.3m $1.3m 0.00% Added +5.0k +4,999
88 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 12,33912.3k $1.2m $1.2m 0.01% Added +3.2k +3,243
89 TOCQUEVILLE ASSET MANAGEMENT L.P. 0.02% of their portfolio New York, NY 12,09812.1k $1.2m $1.2m 0.02% Reduced -5.1k -5,087
90 Global View Capital Management LLC 0.31% of their portfolio WAUKESHA, WI 11,79811.8k $1.2m $1.2m 0.31% New
91 Sage Capital Management, LLC 0.50% of their portfolio Stockton, NJ 10,75510.8k $1.1m $1.1m 0.50% Added +21 +21
92 St. Johns Investment Management Company, LLC 0.44% of their portfolio JACKSONVILLE, FL 10,62510.6k $1.0m $1.0m 0.44% Added +2.4k +2,372
93 AAFMAA Wealth Management & Trust LLC 0.40% of their portfolio FAYETTEVILLE, NC 10,47510.5k $1.0m $1.0m 0.40% Reduced -16.3k -16,270
94 JAMES INVESTMENT RESEARCH, INC. 0.11% of their portfolio ALPHA, OH 10,32810.3k $1.0m $1.0m 0.11% Reduced -69 -69
95 Global Assets Advisory, LLC 0.17% of their portfolio ORLANDO, FL 10,25110.3k $580.0k $580.0k 0.17% New
96 Zweig-DiMenna Associates LLC 0.14% of their portfolio NEW YORK, NY 10,20010.2k $1.0m $1.0m 0.14% Reduced -8.6k -8,600
97 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 9,97810.0k $953.6k $953.6k 0.00% Reduced -106.7k -106,670
98 GARRISON POINT ADVISORS, LLC 0.45% of their portfolio Walnut Creek, CA 9,95510.0k $982.8k $982.8k 0.45% Unchanged
99 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 9,8659.9k $973.9k $973.9k 0.00% Reduced -233 -233
100 CHARTIST INC /CA/ 0.70% of their portfolio SEAL BEACH, CA 9,8389.8k $971.2k $971.2k 0.70% Reduced -163 -163