Vault-13

SPDR SER TR XOP

S&P OILGAS EXP · ETP · CUSIP 78468R556

388 institutional holders -16 vs Q1 2026
24,321,28324.3m shares reported held*
$3.8bnreported value*
72 new 103 added 108 reduced 86 sold out net bought ≈ $507.8m (+3.3m 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 ($3.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $154.31. Options: 21 managers hold calls ($1.1bn notional), 32 hold puts ($1.5bn).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 355Q4 22: 380Q1 23: 364Q2 23: 346Q3 23: 389Q4 23: 393Q1 24: 388Q2 24: 395Q3 24: 367Q4 24: 383Q1 25: 354Q2 25: 349Q3 25: 334Q4 25: 320Q1 26: 404Q2 26: 388388Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022355
Q4 2022380
Q1 2023364
Q2 2023346
Q3 2023389
Q4 2023393
Q1 2024388
Q2 2024395
Q3 2024367
Q4 2024383
Q1 2025354
Q2 2025349
Q3 2025334
Q4 2025320
Q1 2026404
Q2 2026388

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 24: 150 bought or addedQ3 24: 190 cut or sold outQ4 24: 151 bought or addedQ4 24: 188 cut or sold outQ4 24Q1 25: 138 bought or addedQ1 25: 184 cut or sold outQ2 25: 138 bought or addedQ2 25: 187 cut or sold outQ2 25Q3 25: 122 bought or addedQ3 25: 170 cut or sold outQ4 25: 121 bought or addedQ4 25: 165 cut or sold outQ4 25Q1 26: 211 bought or addedQ1 26: 129 cut or sold outQ2 26: 175 bought or addedQ2 26: 194 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024150190
Q4 2024151188
Q1 2025138184
Q2 2025138187
Q3 2025122170
Q4 2025121165
Q1 2026211129
Q2 2026175194

Calls vs puts

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

CallsPuts
$0$2bn$4bn$6bnQ3 25 calls: $1.4bnQ3 25 puts: $2.2bnQ3 25P/C 1.58Q4 25 calls: $882.1mQ4 25 puts: $2.5bnQ4 25P/C 2.88Q1 26 calls: $1.5bnQ1 26 puts: $5.7bnQ1 26P/C 3.82Q2 26 calls: $1.1bnQ2 26 puts: $1.5bnQ2 26P/C 1.35
Numbers
QuarterCallsPutsP/C
Q3 2025$1.4bn$2.2bn1.58
Q4 2025$882.1m$2.5bn2.88
Q1 2026$1.5bn$5.7bn3.82
Q2 2026$1.1bn$1.5bn1.35

Biggest buyers

MORGAN STANLEY Added +1,645,863+1.6m
GOLDMAN SACHS GROUP INC Added +880,176+880.2k
TWO SIGMA INVESTMENTS, LP Added +590,265+590.3k
MENORA MIVTACHIM HOLDINGS LTD. Added +425,050+425.1k
Vanderbilt University Added +422,145+422.1k
Qube Research & Technologies Ltd New +396,418+396.4k
PRICE T ROWE ASSOCIATES INC /MD/ New +394,396+394.4k
CITADEL ADVISORS LLC Added +392,531+392.5k
CITIGROUP INC Added +379,917+379.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +350,099+350.1k

Biggest sellers

Invesco Ltd. Sold out -1,099,595-1.1m
BANK OF AMERICA CORP /DE/ Reduced -1,092,266-1.1m
MIRAE ASSET SECURITIES (USA) INC. Sold out -650,000-650.0k
Quadrature Capital Ltd Reduced -311,831-311.8k
Rokos Capital Management LLP Sold out -303,988-304.0k
HRT FINANCIAL LP Reduced -182,306-182.3k
WELLS FARGO & COMPANY/MN Reduced -180,942-180.9k
BARCLAYS PLC Reduced -123,794-123.8k
OSAIC HOLDINGS, INC. Reduced -87,266-87.3k
Deane Retirement Strategies, Inc. Sold out -79,861-79.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $254.8m1.7m shares
CITADEL ADVISORS LLC Added $237.2m1.5m shares
JANE STREET GROUP, LLC Added $137.8m893.2k shares
UBS Group AG Added $97.7m633.5k shares
MILLENNIUM MANAGEMENT LLC Added $80.3m520.3k shares
Walleye Trading LLC Reduced $72.6m470.9k shares
CITIGROUP INC Added $67.8m439.2k shares
Squarepoint Ops LLC Added $36.9m239.3k shares
Hudson Bay Capital Management LP Unchanged $26.2m170.0k shares
CAPITAL FUND MANAGEMENT S.A. Added $15.5m100.2k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $376.9m2.4m shares
CITIGROUP INC Added $177.2m1.1m shares
CITADEL ADVISORS LLC Reduced $159.9m1.0m shares
JANE STREET GROUP, LLC Reduced $156.7m1.0m shares
MILLENNIUM MANAGEMENT LLC Reduced $125.6m814.1k shares
Walleye Trading LLC Reduced $52.1m337.8k shares
TORONTO DOMINION BANK Unchanged $49.4m320.0k shares
BANK OF MONTREAL /CAN/ Added $46.3m300.0k shares
TUDOR INVESTMENT CORP ET AL Reduced $45.8m297.1k shares
Hudson Bay Capital Management LP Unchanged $44.7m290.0k 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.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: Invesco Ltd. (0.0%, 2026-08-13)

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 3,750,6153.8m $578.6m $578.6m 0.03% Added +1.6m +1,645,863
2 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 3,398,9593.4m $524.3m $524.3m 0.05% Added +880.2k +880,176
3 CITIGROUP INC 0.17% of their portfolio NEW YORK, NY 2,322,5742.3m $358.3m $358.3m 0.17% Added +379.9k +379,917
4 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.33% of their portfolio TORONTO, A6 1,500,0001.5m $231.4m $231.4m 0.33% Unchanged
5 TWO SIGMA INVESTMENTS, LP 0.12% of their portfolio NEW YORK, NY 1,025,3891.0m $158.2m $158.2m 0.12% Added +590.3k +590,265
6 UBS Group AG 0.02% of their portfolio ZURICH, V8 939,766939.8k $145.0m $145.0m 0.02% Added +175.5k +175,539
7 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 736,830736.8k $113.7m $113.7m 0.01% Reduced -1.1m -1,092,266
8 Vanderbilt University 15.46% of their portfolio NASHVILLE, TN 730,070730.1k $112.6m $112.6m 15.46% Added +422.1k +422,145
9 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 674,103674.1k $104.0m $104.0m 0.02% Added +63.4k +63,418
10 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.09% of their portfolio BALA CYNWYD, PA 643,168643.2k $99.2m $99.2m 0.09% Added +350.1k +350,099
11 BESSEMER GROUP INC 0.13% of their portfolio WOODBRIDGE, NJ 623,497623.5k $96.2m $96.2m 0.13% Reduced -5.7k -5,655
12 BARCLAYS PLC 0.02% of their portfolio LONDON, X0 476,588476.6k $73.5m $73.5m 0.02% Reduced -123.8k -123,794
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 436,643436.6k $67.8m $67.8m 0.00% Added +240.8k +240,754
14 MENORA MIVTACHIM HOLDINGS LTD. 0.26% of their portfolio Ramat Gan, L3 426,550426.6k $65.8m $65.8m 0.26% Added +425.1k +425,050
15 CITADEL ADVISORS LLC 0.04% of their portfolio MIAMI, FL 398,877398.9k $61.5m $61.5m 0.04% Added +392.5k +392,531
16 Qube Research & Technologies Ltd 0.07% of their portfolio LONDON, X0 396,418396.4k $61.2m $61.2m 0.07% New
17 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 394,396394.4k $60.8m $60.8m 0.01% New
18 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 328,143328.1k $50.6m $50.6m 0.03% New
19 Treasurer of the State of North Carolina 0.12% of their portfolio RALEIGH, NC 298,349298.3k $46.0m $46.0m 0.12% New
20 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 295,054295.1k $45.5m $45.5m 0.01% Reduced -180.9k -180,942
21 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 235,336235.3k $36.3m $36.3m 0.01% Added +147.7k +147,747
22 Cadence Wealth Management LLC 14.55% of their portfolio WESTBOROUGH, MA 210,558210.6k $32.5m $32.5m 14.55% Added +3.6k +3,567
23 NATIONAL BANK OF CANADA /FI/ 0.03% of their portfolio MONTREAL, A8 189,279189.3k $29.2m $29.2m 0.03% Added +50.5k +50,508
24 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 136,234136.2k $21.0m $21.0m 0.01% Added +93.5k +93,461
25 TUDOR INVESTMENT CORP ET AL 0.07% of their portfolio STAMFORD, CT 105,515105.5k $16.3m $16.3m 0.07% Added +33.8k +33,776
26 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 105,254105.3k $16.2m $16.2m 0.01% Added +56.2k +56,248
27 Maytus Capital Management, LLC 2.19% of their portfolio NEW YORK, NY 90,45090.5k $14.0m $14.0m 2.19% New
28 Financial Sense Advisors, Inc. 2.72% of their portfolio SAN DIEGO, CA 89,71689.7k $13.8m $13.8m 2.72% New
29 Bank Pictet & Cie (Europe) AG 0.26% of their portfolio FRANKFURT AM MAIN, 2M 86,87586.9k $13.4m $13.4m 0.26% Reduced -24.1k -24,125
30 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 86,17486.2k $13.3m $13.3m 0.00% Added +57.4k +57,398
31 Jump Financial, LLC 0.11% of their portfolio Chicago, IL 81,76581.8k $12.6m $12.6m 0.11% Added +42.7k +42,744
32 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 76,82976.8k $11.9m $11.9m 0.01% Reduced -33.7k -33,743
33 Quadrature Capital Ltd 0.10% of their portfolio LONDON, X0 74,99375.0k $11.6m $11.6m 0.10% Reduced -311.8k -311,831
34 EP Wealth Advisors, LLC 0.04% of their portfolio TORRANCE, CA 74,90074.9k $11.6m $11.6m 0.04% Reduced -1.8k -1,771
35 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 71,05071.0k $11.0m $11.0m 0.00% New
36 Allianz SE 0.11% of their portfolio Munich, 2M 70,12570.1k $10.8m $10.8m 0.11% Reduced -8.2k -8,200
37 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 67,81467.8k $10.5m $10.5m 0.01% Added +50.1k +50,089
38 Caption Management, LLC 0.34% of their portfolio OKLAHOMA CITY, OK 61,70061.7k $9.5m $9.5m 0.34% New
39 SATOVSKY ASSET MANAGEMENT LLC 1.50% of their portfolio NEW YORK, NY 60,85660.9k $9.4m $9.4m 1.50% Reduced -167 -167
40 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 57,66257.7k $8.9m $8.9m 0.00% Reduced -18.4k -18,377
41 W.G. Shaheen & Associates DBA Whitney & Co 0.63% of their portfolio ROCHESTER, NY 55,94155.9k $8.6m $8.6m 0.63% Added +397 +397
42 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 55,35755.4k $8.5m $8.5m 0.01% Added +39.3k +39,258
43 Corecam Pte. Ltd. 3.21% of their portfolio SINGAPORE, U0 54,91854.9k $8.5m $8.5m 3.21% Added +51.4k +51,360
44 FOURPATH CAPITAL MANAGEMENT, LLC 1.09% of their portfolio OKLAHOMA CITY, OK 53,66953.7k $8.3m $8.3m 1.09% New
45 Parallax Volatility Advisers, L.P. 0.29% of their portfolio San Francisco, CA 50,62850.6k $7.8m $7.8m 0.29% Added +24.4k +24,413
46 TD Waterhouse Canada Inc. 0.02% of their portfolio TORONTO, A6 50,30950.3k $7.7m $7.7m 0.02% Reduced -2.7k -2,682
47 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 49,37749.4k $7.6m $7.6m 0.01% Reduced -87.3k -87,266
48 Walleye Capital LLC 0.04% of their portfolio NEW YORK, NY 48,51848.5k $7.5m $7.5m 0.04% New
49 Nikulski Financial, Inc. 1.56% of their portfolio BETTENDORF, IA 46,86146.9k $7.2m $7.2m 1.56% Added +516 +516
50 Skylands Capital, LLC 0.83% of their portfolio Milwaukee, WI 43,88543.9k $6.8m $6.8m 0.83% Reduced -1.7k -1,700
51 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 43,35843.4k $6.7m $6.7m 0.00% New
52 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 37,96438.0k $5.9m $5.9m 0.01% Reduced -18.3k -18,346
53 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 37,83937.8k $5.8m $5.8m 0.02% Added +1.9k +1,861
54 Itau Unibanco Holding S.A. 0.11% of their portfolio SAO PAULO, D5 37,83037.8k $5.8m $5.8m 0.11% Added +8.8k +8,830
55 Proficio Capital Partners LLC 0.21% of their portfolio NEWTON, MA 37,37537.4k $5.8m $5.8m 0.21% Reduced -9.2k -9,195
56 Modus Advisors, LLC 1.35% of their portfolio EXCELSIOR, MN 35,35435.4k $5.5m $5.5m 1.35% Reduced -1.3k -1,269
57 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 33,67333.7k $5.2m $5.2m 0.00% Added +17.0k +16,997
58 Aster Capital Management (DIFC) Ltd 1.10% of their portfolio DUBAI, C0 33,46633.5k $5.2m $5.2m 1.10% New
59 Quantitative Investment Management, LLC 0.54% of their portfolio CHARLOTTESVILLE, VA 31,83531.8k $4.9m $4.9m 0.54% New
60 Carrera Capital Advisors 0.72% of their portfolio TROY, MI 31,49231.5k $4.9m $4.9m 0.72% Reduced -256 -256
61 Volterra Technologies LP 3.00% of their portfolio New York, NY 30,24230.2k $4.7m $4.7m 3.00% New
62 CAZ INVESTMENTS LP 1.53% of their portfolio HOUSTON, TX 30,00030.0k $4.6m $4.6m 1.53% Added +15.0k +15,000
63 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 28,78328.8k $4.4m $4.4m 0.00% Added +744 +744
64 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 26,03626.0k $4.0m $4.0m 0.00% Reduced -13.9k -13,882
65 ArchPoint Investors 0.81% of their portfolio CORAL GABLES, FL 24,93324.9k $3.8m $3.8m 0.81% Unchanged
66 Ashton Thomas Private Wealth, LLC 0.08% of their portfolio SCOTTSDALE, AZ 24,21324.2k $3.7m $3.7m 0.08% Reduced -8.9k -8,885
67 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 23,63823.6k $3.6m $3.6m 0.02% Added +5.3k +5,267
68 STAPP WEALTH MANAGEMENT, PLLC 4.72% of their portfolio OLYMPIA, WA 23,42523.4k $3.6m $3.6m 4.72% Added +687 +687
69 Corecam AG 3.07% of their portfolio ZURICH, V8 23,30023.3k $3.6m $3.6m 3.07% New
70 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 22,93822.9k $3.5m $3.5m 0.01% New
71 ABBINGTON INVESTMENT GROUP 2.19% of their portfolio WESTPORT, CT 22,28322.3k $3.4m $3.4m 2.19% Reduced -3.7k -3,710
72 SUMMIT SECURITIES GROUP LLC 0.66% of their portfolio NEW YORK, NY 22,11722.1k $3.4m $3.4m 0.66% New
73 Wealthfront Advisers LLC 0.01% of their portfolio Palo Alto, CA 21,75721.8k $3.4m $3.4m 0.01% Reduced -1.9k -1,908
74 Albar Capital Partners LLP 0.37% of their portfolio LONDON, X0 18,55518.6k $2.9m $2.9m 0.37% New
75 ONE PLUS ONE WEALTH MANAGEMENT, LLC 1.24% of their portfolio JUPITER, FL 18,43918.4k $2.8m $2.8m 1.24% Reduced -91 -91
76 Brookstone Capital Management 0.03% of their portfolio WHEATON, IL 18,35518.4k $2.8m $2.8m 0.03% Added +9.0k +8,976
77 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 18,19318.2k $2.8m $2.8m 0.00% Reduced -971 -971
78 ARS Investment Partners, LLC 0.12% of their portfolio New York, NY 17,66217.7k $2.7m $2.7m 0.12% Added +72 +72
79 Arkadios Wealth Advisors 0.04% of their portfolio ATLANTA, GA 17,57817.6k $2.7m $2.7m 0.04% Reduced -5.8k -5,778
80 Convergence Financial, LLC 0.21% of their portfolio COLUMBIA, MO 17,32817.3k $2.7m $2.7m 0.21% Reduced -698 -698
81 ACIMA PRIVATE WEALTH, LLC 0.78% of their portfolio RICHMOND, VA 17,31317.3k $2.7m $2.7m 0.78% Unchanged
82 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 16,80516.8k $2.6m $2.6m 0.01% Reduced -182.3k -182,306
83 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 16,65216.7k $2.6m $2.6m 0.01% Added +2.8k +2,796
84 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 16,62416.6k $2.6m $2.6m 0.00% Reduced -35.1k -35,099
85 O'Connor Alternative Investments LLC 0.19% of their portfolio NEW YORK, NY 16,57016.6k $2.6m $2.6m 0.19% Not comparable
86 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 16,45016.4k $2.5m $2.5m 0.00% Reduced -16.1k -16,100
87 Bleakley Financial Group, LLC 0.03% of their portfolio PARSIPPANY, NJ 16,31616.3k $2.5m $2.5m 0.03% Added +5.6k +5,555
88 Graham Capital Management, L.P. 0.07% of their portfolio ROWAYTON, CT 16,10016.1k $2.5m $2.5m 0.07% New
89 PEAK6 LLC 0.06% of their portfolio AUSTIN, TX 16,05516.1k $2.5m $2.5m 0.06% New
90 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 15,79915.8k $2.4m $2.4m 0.01% Added +762 +762
91 Emmett Investment Management, LP 1.68% of their portfolio NEW YORK, NY 15,55015.6k $2.4m $2.4m 1.68% New
92 XTX Topco Ltd 0.03% of their portfolio LONDON, X0 15,24215.2k $2.4m $2.4m 0.03% New
93 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 14,96415.0k $2.3m $2.3m 0.01% Added +4.5k +4,539
94 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 14,94614.9k $2.3m $2.3m 0.00% Reduced -7.0k -6,985
95 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 14,80414.8k $2.3m $2.3m 0.00% Added +8.6k +8,597
96 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.01% of their portfolio Madrid, U3 14,16414.2k $2.2m $2.2m 0.01% Added +6.1k +6,145
97 FLOW TRADERS U.S. LLC 0.09% of their portfolio NEW YORK, NY 14,15614.2k $2.2m $2.2m 0.09% Added +3.9k +3,857
98 Pekin Hardy Strauss, Inc. 0.19% of their portfolio CHICAGO, IL 13,91213.9k $2.1m $2.1m 0.19% Reduced -357 -357
99 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 13,79213.8k $2.1m $2.1m 0.00% Added +796 +796
100 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 13,37613.4k $2.1m $2.1m 0.00% Reduced -2.0k -1,993