SPDR S&P Insurance ETF

KIE • ARCA

SPDR S&P Insurance ETF is an exchange-traded fund on ARCA. As of Q3 2025, 137 institutional investors hold shares in this ETF, with total holdings valued at $627.6M. MORGAN STANLEY is the largest holder with a position valued at $88.6M.

Overview

Overview of institutional ownership in KIE as of Q3 2025

All Institutions

Institutions: 137
Value Held: $627.6M
Shares Held: 10.6M
Avg Position: $4.6M
Median Position: $263.7K

Hedge Funds

Hedge Funds: 5
Value Held: $38.2M
Shares Held: 643.8K
Avg Position: $7.6M
Median Position: $2.6M

Biggest Investors

Institutions with the largest positions in KIE as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$88.6M 0.01% of portfolio	1.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$83.8M 0.01% of portfolio	1.4M shares	Q3 2015 Held for 10y 2m	$1.56T
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$80.8M 0.01% of portfolio	1.4M shares	Q3 2020 Held for 5y 2m	$691.34B
CITIGROUP INC Institution	Jane Fraser CEO	$70.1M 0.05% of portfolio	1.2M shares	≤ Q2 2013 Held for 12y 5m+	$144.32B
J.Safra Asset Management Corp Fund of Funds	Rafay Hassan Farooqui CEO	$41.3M 2.51% of portfolio	696.6K shares	Q4 2024 Held for 11 months	$1.6B
F FACTORY MUTUAL INSURANCE CO Institution	-	$36.5M 0.36% of portfolio	615.1K shares	Q4 2020 Held for 4y 11m	$10.3B
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	Scott David Hoffman CEO	$30.6M 0.05% of portfolio	515.8K shares	Q2 2023 Held for 2y 5m	$62.0B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$24.1M 0.00% of portfolio	406.5K shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
L LPL Financial LLC Institution	-	$23.4M 0.01% of portfolio	393.7K shares	≤ Q2 2013 Held for 12y 5m+	$340.07B
Kingsview Wealth Management, LLC RIA/Wealth	Sean Patrick Mcgillivray CEO	$16.4M 0.25% of portfolio	277.2K shares	Q2 2023 Held for 2y 5m	$6.5B

Net Capital Flow

Institutional buying and selling activity for KIE in Q3 2025

Traded: −$52.9M
Buyers: 47
Sellers: 93
Total Bought: +$132.3M
Total Sold: −$185.2M
Avg Position: $3.5M

Biggest Buyers

Institution	Net Bought	Current Position
CITIGROUP INC Institution	+$51.0M +860.0K shares	$70.1M 1.2M shares
JPMORGAN CHASE & CO Institution	+$25.7M +433.3K shares	$83.8M 1.4M shares
MORGAN STANLEY RIA/Wealth	+$15.6M +262.5K shares	$88.6M 1.5M shares
P Perbak Capital Partners LLP Institution	+$11.3M +190.1K shares	$11.3M 190.1K shares
Kingsview Wealth Management, LLC RIA/Wealth	+$6.5M +110.2K shares	$16.4M 277.2K shares
Csenge Advisory Group RIA/Wealth	+$5.6M +93.9K shares	$9.3M 157.2K shares
J Jump Financial, LLC Institution	+$5.2M +87.0K shares	$5.7M 96.3K shares
CUMBERLAND ADVISORS INC Long Only Manager	+$3.5M +58.4K shares	$7.3M 123.7K shares
H HRT FINANCIAL LLC Institution	+$2.4M +41.3K shares	$2.4M 41.3K shares
J.Safra Asset Management Corp Fund of Funds	+$1.4M +24.4K shares	$41.3M 696.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
GOLDMAN SACHS GROUP INC Institution	−$20.4M −344.4K shares	$80.8M 1.4M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$18.6M −311.8K shares	Sold Off 0 shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	−$18.5M −311.4K shares	$3.7M 62.8K shares
AMERIPRISE FINANCIAL INC Institution	−$16.5M −277.8K shares	$3.8M 64.7K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$14.4M −242.5K shares	$30.6M 515.8K shares
R ROYAL BANK OF CANADA Institution	−$14.3M −241.9K shares	$2.6M 43.3K shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$10.4M −175.2K shares	$2.5M 41.5K shares
INVESTMENT MANAGEMENT CORP /VA/ /ADV RIA/Wealth	−$9.5M −159.2K shares	Sold Off 0 shares
WELLS FARGO & COMPANY/MN Institution	−$8.6M −144.6K shares	$4.7M 79.0K shares
Chicago Wealth Management, Inc. RIA/Wealth	−$8.4M −140.1K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited KIE in Q3 2025

New Positions: 3
New Value: $11.7M
Exited Positions: 44
Exited Value: $64.3M

New Positions

Institution	Position Value
P Perbak Capital Partners LLP Institution	$11.3M 190.1K shares
Concorde Asset Management, LLC RIA/Wealth	$455.4K 7.7K shares
North Capital, Inc. RIA/Wealth	$59.0 1.0 shares

Exited Positions

Institution	Previous Position
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$18.6M 311.8K shares
INVESTMENT MANAGEMENT CORP /VA/ /ADV RIA/Wealth	$9.5M 159.2K shares
Chicago Wealth Management, Inc. RIA/Wealth	$8.4M 140.1K shares
S SPC Financial, Inc. RIA/Wealth	$5.7M 94.7K shares
PFG Financial Advisors RIA/Wealth	$3.2M 52.9K shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$2.0M 33.3K shares
BARCLAYS PLC Institution	$1.9M 31.8K shares
Navis Wealth Advisors, LLC RIA/Wealth	$1.9M 31.4K shares
G GTS SECURITIES LLC Institution	$1.7M 28.7K shares
B Brevan Howard Capital Management LP Institution	$1.7M 28.4K shares

Options Activity

Institutions with the largest Call and Put options positions in KIE as of Q3 2025

Call Positions: 2
Call Value: $6.3M
Put Positions: 4
Put Value: $14.0M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$6.1M 1.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$272.9K 46.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$7.5M 1.3K contracts
BANK OF AMERICA CORP /DE/ Institution	$5.0M 850.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$984.7K 166.0 contracts
W WOLVERINE TRADING, LLC Institution	$465.5K 79.0 contracts

Most Committed Institutions

Institutions with KIE as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
CUMBERLAND ADVISORS INC Long Only Manager	Mark James Myers CEO	2.82% $7.3M	123.7K shares	Q2 2025 Held for 5 months	$260.5M
J.Safra Asset Management Corp Fund of Funds	Rafay Hassan Farooqui CEO	2.51% $41.3M	696.6K shares	Q4 2024 Held for 11 months	$1.6B
P Perbak Capital Partners LLP Institution	-	1.99% $11.3M	190.1K shares	Q3 2025 Held for 2 months	$568.0M
C Capital Planning Advisors, LLC RIA/Wealth	James Boyd Wilson CEO	1.13% $8.2M	138.5K shares	Q2 2022 Held for 3y 5m	$728.2M
Triangle Securities Wealth Management RIA/Wealth	Paul Deleon Reynolds CEO	1.05% $4.6M	78.3K shares	≤ Q2 2013 Held for 12y 5m+	$441.8M
Csenge Advisory Group RIA/Wealth	John Louis Csenge President	0.45% $9.3M	157.2K shares	Q3 2024 Held for 1y 2m	$2.1B
FORONJY FINANCIAL LLC RIA/Wealth	Bryan Charles Foronjy CCO	0.36% $826.8K	13.9K shares	Q2 2025 Held for 5 months	$228.3M
F FACTORY MUTUAL INSURANCE CO Institution	-	0.36% $36.5M	615.1K shares	Q4 2020 Held for 4y 11m	$10.3B
Ellis Investment Partners, LLC RIA/Wealth	David Yu-Wen Sun President	0.30% $1.6M	27.8K shares	Q4 2018 Held for 6y 11m	$553.8M
Park Square Financial Group, LLC RIA/Wealth	Donald Leonard Ruffin CEO	0.25% $56.7K	956.0 shares	Q4 2024 Held for 11 months	$22.3M

Hedge Fund Spotlight

Discover hedge funds investing in KIE

CITADEL ADVISORS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerKenneth Cordele Griffin

Portfolio Value: $122.08B
Positions: 5,531
Last Reported: Q3 2025

Sector Allocation

Position in SPDR S&P Insurance ETF

Market Value: $2.6M
Shares Held: 44.1K
Portfolio Weight: 0.00%
Owned Since: 2014-Q1

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$2.1B	1.68%
2 Nvidia NVDA	Semiconductors Technology	$1.8B	1.50%
3 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$1.4B	1.18%