SPDR S&P Regional Banking

KRE • ARCA

SPDR S&P Regional Banking is an exchange-traded fund on ARCA. As of Q3 2025, 493 institutional investors hold shares in this ETF, with total holdings valued at $6.0B. GOLDMAN SACHS GROUP INC is the largest holder with a position valued at $721.9M.

Overview

Overview of institutional ownership in KRE as of Q3 2025

All Institutions

Institutions: 493
Value Held: $6.0B
Shares Held: 94.5M
Avg Position: $12.1M
Median Position: $506.4K

Hedge Funds

Hedge Funds: 38
Value Held: $585.7M
Shares Held: 9.3M
Avg Position: $15.4M
Median Position: $4.7M

Biggest Investors

Institutions with the largest positions in KRE as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$721.9M 0.10% of portfolio	11.4M shares	≤ Q2 2013 Held for 12y 5m+	$691.34B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$714.3M 0.04% of portfolio	11.3M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
CITIGROUP INC Institution	Jane Fraser CEO	$563.1M 0.39% of portfolio	8.9M shares	≤ Q2 2013 Held for 12y 5m+	$144.32B
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	-	$534.4M 1.00% of portfolio	8.4M shares	Q4 2019 Held for 5y 11m	$53.3B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$284.5M 0.02% of portfolio	4.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
BARCLAYS PLC Institution	-	$258.6M 0.10% of portfolio	4.1M shares	≤ Q2 2013 Held for 12y 5m+	$271.65B
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	Carter Mayberry Lyons CEO	$248.1M 0.40% of portfolio	3.9M shares	Q4 2013 Held for 11y 11m	$62.0B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$168.6M 0.01% of portfolio	2.7M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$165.2M 0.03% of portfolio	2.6M shares	≤ Q2 2013 Held for 12y 5m+	$488.61B
B BESSEMER GROUP INC Institution	-	$138.5M 0.21% of portfolio	2.2M shares	Q4 2020 Held for 4y 11m	$64.4B

Net Capital Flow

Institutional buying and selling activity for KRE in Q3 2025

Net Flow: −$588.3M
Buyers: 170
Sellers: 208
Total Bought: +$916.1M
Total Sold: −$1.5B
Avg Position: $11.7M

Biggest Buyers

Institution	Net Bought	Current Position
BARCLAYS PLC Institution	+$247.7M +3.9M shares	$258.6M 4.1M shares
WELLS FARGO & COMPANY/MN Institution	+$74.4M +1.2M shares	$165.2M 2.6M shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	+$65.3M +1.0M shares	$534.4M 8.4M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$63.2M +998.0K shares	$63.2M 998.0K shares
J Jump Financial, LLC Institution	+$46.7M +738.0K shares	$46.7M 738.0K shares
B BlackRock, Inc. Institution	+$41.5M +655.9K shares	$63.5M 1.0M shares
N Nan Shan Life Insurance Co., Ltd. Institution	+$40.1M +633.5K shares	$41.2M 651.5K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$39.7M +626.8K shares	$248.1M 3.9M shares
F FIDUCIARY TRUST CO Institution	+$37.9M +598.9K shares	$38.2M 604.1K shares
MENORA MIVTACHIM HOLDINGS LTD. Private Equity	+$32.3M +510.0K shares	$33.4M 527.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
GOLDMAN SACHS GROUP INC Institution	−$570.4M −9.0M shares	$721.9M 11.4M shares
MORGAN STANLEY RIA/Wealth	−$232.2M −3.7M shares	$714.3M 11.3M shares
JPMORGAN CHASE & CO Institution	−$108.8M −1.7M shares	$168.6M 2.7M shares
J JANE STREET GROUP, LLC Institution	−$76.3M −1.2M shares	$130.5M 2.1M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$53.3M −898.3K shares	Sold Off 0 shares
BANK OF MONTREAL /CAN/ Institution	−$51.1M −806.5K shares	$5.9M 93.8K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	−$48.8M −770.7K shares	$17.1M 270.5K shares
M MOORE CAPITAL MANAGEMENT, LP Hedge Fund•Global Macro	−$29.1M −459.4K shares	$26.3M 415.7K shares
B BW Gestao de Investimentos Ltda. Institution	−$29.1M −489.6K shares	Sold Off 0 shares
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	−$22.9M −363.1K shares	$63.0 1.0 shares

Entry and Exit Activity

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

New Positions: 35
New Value: $231.8M
Exited Positions: 59
Exited Value: $176.3M

New Positions

Institution	Position Value
K Kapitalo Investimentos Ltda Institution	$104.4M 1.6M shares
F FIL Ltd Institution	$29.1M 459.4K shares
Compass Rose Asset Management, LP Hedge Fund•Credit Arb	$18.9M 298.0K shares
KING STREET CAPITAL MANAGEMENT, L.P. Hedge Fund•Distressed	$17.4M 275.0K shares
T THOMIST CAPITAL MANAGEMENT, LP Hedge Fund•Long/Short	$13.6M 214.3K shares
C COMMUNITY TRUST & INVESTMENT CO Institution	$10.9M 172.1K shares
Point72 Europe LLP Digital Asset Manager	$8.9M 141.3K shares
F First Eagle Investment Management, LLC Long Only Manager	$7.7M 121.6K shares
N North Reef Capital Management LP Hedge Fund•Long/Short	$4.7M 75.0K shares
M MIZUHO MARKETS AMERICAS LLC Institution	$3.7M 58.5K shares

Exited Positions

Institution	Previous Position
WELLINGTON MANAGEMENT CO LLP Long Only Manager	$53.3M 898.3K shares
B BW Gestao de Investimentos Ltda. Institution	$29.1M 489.6K shares
B & T Capital Management DBA Alpha Capital Management RIA/Wealth	$21.1M 354.7K shares
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy	$11.2M 188.3K shares
P Perbak Capital Partners LLP Institution	$9.2M 154.9K shares
C Capula Management Ltd Institution	$8.8M 147.7K shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	$5.3M 88.8K shares
Aster Capital Management Ltd RIA/Wealth	$4.9M 83.0K shares
ALTFEST L J & CO INC RIA/Wealth	$4.2M 70.4K shares
H HRT FINANCIAL LLC Institution	$2.9M 48.8K shares

Options Activity

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

Call Positions: 61
Call Value: $3.4B
Put Positions: 58
Put Value: $4.8B

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$580.5M 91.7K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$437.3M 69.1K contracts
CITIGROUP INC Institution	$378.3M 59.8K contracts
UBS Group AG Institution	$330.2M 52.2K contracts
BANK OF AMERICA CORP /DE/ Institution	$217.0M 34.3K contracts
J JANE STREET GROUP, LLC Institution	$214.8M 33.9K contracts
R Rokos Capital Management LLP Hedge Fund•Global Macro	$196.2M 31.0K contracts
Compass Rose Asset Management, LP Hedge Fund•Credit Arb	$177.2M 28.0K contracts
B BlackRock, Inc. Institution	$127.1M 20.1K contracts
Walleye Trading LLC RIA/Wealth	$84.6M 13.4K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$709.0M 112.0K contracts
J JANE STREET GROUP, LLC Institution	$649.9M 102.7K contracts
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$446.4M 70.5K contracts
CITIGROUP INC Institution	$305.8M 48.3K contracts
BANK OF AMERICA CORP /DE/ Institution	$278.3M 44.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$247.4M 39.1K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$238.5M 37.7K contracts
UBS Group AG Institution	$236.1M 37.3K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$168.8M 26.7K contracts
WELLS FARGO & COMPANY/MN Institution	$131.3M 20.7K contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Compass Rose Asset Management, LP Hedge Fund•Credit Arb	Brian Peter Riano CEO	20.74% $18.9M	298.0K shares	Q3 2025 Held for 2 months	$91.0M
K Kapitalo Investimentos Ltda Institution	-	19.59% $104.4M	1.6M shares	Q3 2025 Held for 2 months	$533.2M
John W. Rosenthal Capital Management, Inc. Hedge Fund•Long/Short	John William Rosenthal CEO	8.26% $8.3M	131.6K shares	Q3 2024 Held for 1y 2m	$100.8M
TERRIL BROTHERS, INC. RIA/Wealth	John Joseph Terril President	5.68% $18.7M	295.8K shares	Q2 2023 Held for 2y 5m	$329.5M
H Highlander Partners, L.P. Institution	-	4.42% $12.7M	200.0K shares	Q2 2025 Held for 5 months	$286.7M
T THOMIST CAPITAL MANAGEMENT, LP Hedge Fund•Long/Short	Brian Kuzma Managing Partner	4.25% $13.6M	214.3K shares	Q3 2025 Held for 2 months	$320.9M
B Brick & Kyle, Associates Institution	-	3.67% $9.4M	148.0K shares	Q3 2025 Held for 2 months	$255.0M
M Michelson Medical Research Foundation, Inc. Institution	-	3.50% $4.0M	63.5K shares	Q3 2023 Held for 2y 2m	$115.0M
KING STREET CAPITAL MANAGEMENT, L.P. Hedge Fund•Distressed	Ricardo Nmn Marano Managing Partner	3.48% $17.4M	275.0K shares	Q3 2025 Held for 2 months	$499.9M
NAN FUNG TRINITY Ltd RIA/Wealth	Fredric Brian Fisher President	3.36% $33.7M	531.8K shares	Q1 2025 Held for 8 months	$1.0B

Hedge Fund Spotlight

Discover hedge funds investing in KRE

Bramshill Investments, LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerStephen Christopher Selver

Portfolio Value: $1.5B
Positions: 150
Last Reported: Q3 2025

Sector Allocation

Position in SPDR S&P Regional Banking

Market Value: $506.4K
Shares Held: 8.0K
Portfolio Weight: 0.03%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 iShares 0-5 Year High Yield Corporate Bond SHYG	ETF ETF	$376.4M	25.70%
2 iShares Preferred and Income Securities ETF PFF	ETF ETF	$197.3M	13.47%
3 iShares 20+ Year Treasury Bond TLT	ETF ETF	$143.6M	9.81%