XAR · State Street(R) SPDR(R) S&P(R) Aerospace & Defense ETF · Holdings ETF

$222.83 +0.67 (+0.30%)

Volume · Oct 21 448.97K Avg daily vol (3M) 295.03K

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.

Quarter:

Holders: 133

Total Value: $232,030,193

Total Shares: 1,003,374

Showing 1–100 of 133 holdings by value · page 1 of 2

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 133 13F filers · Δ vs Jun 30, 2026

Top Holder

18.4%

+4.6 pts

Top 5

48.7%

+9.8 pts

Top 10

64.9%

+15.6 pts

HHI

704

Broadly held+280

Who Holds XAR

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 619 filers, like-for-like change +3.2%; actively managed books +3.7%; index-like books -1.2%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	32.4%	429	+5.3%	69	26
Exempt adviser	0.0%	0	-100.0%	0	1
Adviser	3.1%	6	+16.1%	1	1
Bank	22.1%	19	+11.6%	2	0
Broker-dealer	14.0%	1	+7.8%	0	0
Non-US	1.0%	2	-40.6%	0	0
Holding company	11.7%	8	+0.9%	1	0
Benefit plan	0.0%	0	—	0	0
Insurer	0.0%	0	—	0	0
Unknown	15.6%	154	-10.0%	16	19

Style	Share	Filers	Change	New	Exited
Index-like	9.7%	5	-1.2%	0	0
Systematic-like	0.5%	5	-51.7%	2	3
Concentrated	15.7%	189	+4.8%	34	21
Diversified active	74.1%	420	+4.3%	53	22
Unknown	0.0%	0	-100.0%	0	1
Not measured	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	82.6%	416	+4.6%	56	24
Medium turnover	12.3%	125	+2.0%	20	13
High turnover	1.5%	15	-46.6%	2	7
Unknown	3.6%	63	+20.6%	11	3
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	3.9%	64	+15.1%	13	6
Medium horizon	8.7%	131	-4.6%	21	21
Long horizon	86.4%	403	+3.3%	50	18
Unknown	1.0%	21	+30.6%	5	2
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	13.3%	306	+0.3%	52	29
$1B to $10B	14.6%	204	+9.3%	30	11
$10B to $100B	15.6%	79	-3.1%	7	4
$100B or more	56.5%	30	+4.2%	0	3
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	30.6%	390	+4.0%	61	22
Pooled investment vehicles	0.4%	2	-7.4%	0	3
Registered funds and BDCs	0.3%	5	+61.2%	2	0
Pension and profit sharing plans	0.4%	5	+54.6%	1	0
Insurance companies	0.0%	1	+15.3%	0	0
Charitable organizations	0.0%	1	0.0%	0	0
Corporations	0.1%	5	+14.5%	1	0
Other investment advisers	0.2%	7	-3.0%	1	0
Other	0.3%	2	+302.6%	0	0
Diversified	0.3%	10	+9.7%	3	1
Unknown	67.6%	191	+2.2%	20	21

Private funds	Share	Filers	Change	New	Exited
Hedge funds	0.9%	21	-9.5%	4	4
Private equity funds	0.9%	19	+4.2%	4	0
Venture capital funds	0.0%	1	0.0%	0	0
Real estate funds	0.2%	5	+263.2%	1	0
Securitized asset funds	0.0%	1	0.0%	0	0
Other private funds	2.3%	21	+17.0%	3	4
Mixed private funds	0.0%	1	-11.4%	0	1
Private funds, type not stated	0.0%	2	+54.1%	0	1
No private funds	28.1%	357	+4.2%	57	17
Unknown	67.6%	191	+2.3%	20	20

Location	Share	Filers	Change	New	Exited
United States	94.2%	600	+5.7%	89	42
Outside the US	5.8%	19	-25.7%	0	5

The Sep 30, 2026 filing window is still open, so its bar shows only the filers that have filed so far.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 11 holders with no observed 2026-03-31 13F and 9 holders with no observed 2026-06-30 13F.

Conviction and Crowding

619 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

250

40.4% of filers hold it in their top 10

Mar 31, 2026: 232

Holders above 5%

median weight 0.034%

Mar 31, 2026: 4

Crowding

—

shares outstanding is an issuer-wide count, not one listing's

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

shares outstanding is an issuer-wide count, not one listing's

Top 10 holders

49.9%

of 13F shares, Herfindahl 0.043

Active holders

+3.7%

like-for-like share change of active filers

5% stakes on record

0 13D, 0 13G

How long holders have held it value-weighted 19.6 quarters

Under 1 year 8.78% 1 to 3 years 19.4% 3 years or more 71.8% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$212.46

estimated per share

Mar 31, 2026: $211.21

Quarter-end price

$283.79

implied by 13F values

Estimated gain or loss

+33.6%

price against the estimated cost

Estimated at a loss

0.000%

of costed 13F value

Estimated cost covers 20.8% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Fund Ownership of XAR by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 49,809 shares.

Fund type	Shares	Funds
Index funds	0	0
Index ETFs	49,809	1
Active ETFs	873	1
Active funds	15,220	1
Unclassified	0	0
All registered funds	65,902	3

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Quarterly Activity

vs Jun 30, 2026

New

Increased

Decreased

Sold Out

Unchanged

New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.

Holder count: -490

Institutional value: -92.2%

Shares held: -90.4%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Large CONGRESS ASSET MANAGEMENT CO	+31,819	32,677
Small FFG Partners, LLC	+6,260	11,441
Mid Sowell Financial Services LLC	+4,053	6,799
Small White Pine Investment CO	+3,543	7,901
Small SOUTHERN CAPITAL SERVICES INC /ADV	+2,958	30,289

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Small Teamwork Financial Advisors, LLC	−81,636	2,980
Small HBW ADVISORY SERVICES LLC	−26,187	5,509
Small VVR Holdings LLC	−9,680	1,389
Mid CFS Investment Advisory Services, LLC	−7,907	985
Small Buska Wealth Management, LLC	−4,500	7,576

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)
Mid CONFLUENCE INVESTMENT MANAGEMENT LLC	63,282	$14,633,962
Mid Avior Wealth Management, LLC	32,587	$7,535,743
Mid Y-Intercept (Hong Kong) Ltd	5,353	$1,237,881
Small Buttonwood Financial Group, LLC	4,716	$1,090,575
Small Schear Investment Advisers, LLC	2,581	$596,856

Top Sold-Out Positions

vs Jun 30, 2026

Institution	Previously Held	Last Value (USD)
Small Silverleafe Capital Partners, LLC	15,543	$4,410,947
Small IAMS WEALTH MANAGEMENT, LLC	4,422	$1,254,919
Micro Scarborough Advisors, LLC	2,709	$768,787
Small BLUE JEAN FINANCIAL LLC	2,630	$746,367
Micro October Effect Ltd	2,444	$693,582

Filter: New 19 Increased 39 Reduced 39 Sold out 20 Unchanged 36

Holder type: Registered adviser 91 Exempt adviser 2 Bank 1 Unknown 39

Showing 100 of 133

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Howard Capital Management Group, LLC XAR

$42,784,487

18.44%

185,014

Enclave Advisors LLC XAR

$32,332,450

13.93%

139,816

CONFLUENCE INVESTMENT MANAGEMENT LLC XAR

$14,633,962

6.31%

63,282

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Brown Miller Wealth Management LLC	29	$6,706	0.0%	Defined
Held directly	63,253	$14,627,256	100.0%	Sole

WESPAC Advisors SoCal, LLC XAR

$11,919,318

5.14%

51,543

ARMSTRONG ADVISORY GROUP, INC XAR

$11,311,825

4.88%

48,916

CoreCap Advisors, LLC XAR

$7,877,531

3.40%

34,065

CONGRESS ASSET MANAGEMENT CO XAR

$7,556,556

3.26%

32,677

BOURGEON CAPITAL MANAGEMENT LLC XAR

$7,536,206

3.25%

32,589

Avior Wealth Management, LLC XAR

$7,535,743

3.25%

32,587

SOUTHERN CAPITAL SERVICES INC /ADV XAR

$7,004,331

3.02%

30,289

Hobart Private Capital, LLC XAR

$4,245,056

1.83%

18,357

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
AE Wealth Management LLC	128	$29,600	0.7%	Defined
Held directly	18,229	$4,215,456	99.3%	Sole

PINNACLE ASSOCIATES LTD XAR

$3,894,712

1.68%

16,842

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC XAR

$3,855,631

1.66%

16,673

SIGNATURE ESTATE & INVESTMENT ADVISORS LLC XAR

$3,180,380

1.37%

13,753

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SIGNATURE INVESTMENT ADVISORS LLC	694	$160,487	5.0%	Defined
Held directly	13,059	$3,019,893	95.0%	Sole

Keystone Global Partners, LLC XAR

$2,815,006

1.21%

12,173

WealthSpring Partners, LLC XAR

$2,745,400

1.18%

11,872

Spinnaker Investment Group, LLC XAR

$2,735,456

1.18%

11,829

FFG Partners, LLC XAR

$2,645,731

1.14%

11,441

Retirement Planning Group, LLC XAR

$2,467,437

1.06%

10,670

Clarus Wealth Advisors XAR

$2,273,418

0.98%

9,831

IFP Advisors, Inc XAR

$2,099,981

0.91%

9,081

Acorn Wealth Advisors, LLC XAR

$2,059,743

0.89%

8,907

White Pine Investment CO XAR

$1,827,106

0.79%

7,901

FLAGSTAR ADVISORS INC XAR

$1,778,775

0.77%

7,692

Buska Wealth Management, LLC XAR

$1,751,950

0.76%

7,576

Sowell Financial Services LLC XAR

$1,572,268

0.68%

6,799

Krilogy Financial LLC XAR

$1,507,750

0.65%

6,520

Accurate Wealth Management, LLC XAR

$1,352,812

0.58%

5,850

WealthBridge Capital Management, LLC XAR

$1,298,237

0.56%

5,614

B. Riley Wealth Advisors, Inc. XAR

$1,297,543

0.56%

5,611

HBW ADVISORY SERVICES LLC XAR

$1,273,956

0.55%

5,509

STRATEGY ASSET MANAGERS LLC XAR

$1,254,531

0.54%

5,425

Y-Intercept (Hong Kong) Ltd XAR

$1,237,881

0.53%

5,353

First Growth Capital LLC XAR

$1,114,393

0.48%

4,819

Buttonwood Financial Group, LLC XAR

$1,090,575

0.47%

4,716

Concurrent Investment Advisors, LLC XAR

$902,800

0.39%

3,904

ShoreHaven Wealth Partners, LLC XAR

$891,700

0.38%

3,856

PFG Advisors XAR

$869,500

0.37%

3,760

OLD NATIONAL BANCORP /IN/ XAR

$847,762

0.37%

3,666

Balboa Wealth Partners XAR

$838,975

0.36%

3,628

Focus Financial Network, Inc. XAR

$765,206

0.33%

3,309

CAP Partners, LLC XAR

$738,150

0.32%

3,192

Onyx Bridge Wealth Group LLC XAR

$726,587

0.31%

3,142

SALEM INVESTMENT COUNSELORS INC XAR

$693,750

0.30%

3,000

Teamwork Financial Advisors, LLC XAR

$689,125

0.30%

2,980

INDEPENDENT FINANCIAL GROUP, LLC XAR

$678,256

0.29%

2,933

McKinley Carter Wealth Services, Inc. XAR

$624,143

0.27%

2,699

Farther Finance Advisors, LLC XAR

$607,262

0.26%

2,626

Tempo Wealth, LLC XAR

$596,856

0.26%

2,581

Schear Investment Advisers, LLC XAR

$596,856

0.26%

2,581

Prime Capital Investment Advisors, LLC XAR

$582,518

0.25%

2,519

Advisory Solutions Group, LLC XAR

$568,181

0.24%

2,457

Somerset Trust Co XAR

$564,712

0.24%

2,442

BREAKTHRU ADVISORY SERVICES, LLC XAR

$559,856

0.24%

2,421

TRUST CO OF TOLEDO NA /OH/ XAR

$523,318

0.23%

2,263

Armbruster Capital Management, Inc. XAR

$499,500

0.22%

2,160

New England Private Wealth Advisors LLC XAR

$465,737

0.20%

2,014

Fiduciary Alliance LLC XAR

$455,562

0.20%

1,970

TD Waterhouse Canada Inc. XAR

$448,856

0.19%

1,941

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
TORONTO DOMINION BANK	1,941	$448,856	100.0%	Defined

COLTON GROOME FINANCIAL ADVISORS, LLC XAR

$428,506

0.18%

1,853

Objective Capital Management, LLC XAR

$424,806

0.18%

1,837

Cyndeo Wealth Partners, LLC XAR

$418,562

0.18%

1,810

BostonPremier Wealth LLC XAR

$408,618

0.18%

1,767

Newport Capital Group, LLC XAR

$407,693

0.18%

1,763

Sculati Wealth Management, LLC XAR

$406,306

0.18%

1,757

NWF Advisory Services Inc. XAR

$391,043

0.17%

1,691

M Wealth Management, LLC XAR

$386,187

0.17%

1,670

Ryan Investment Management, Inc. XAR

$363,062

0.16%

1,570

HERBST GROUP, LLC XAR

$356,125

0.15%

1,540

Signal Advisors Wealth, LLC XAR

$337,162

0.15%

1,458

FSA Investment Group, LLC XAR

$327,450

0.14%

1,416

CYPRESS ASSET MANAGEMENT INC/TX XAR

$322,825

0.14%

1,396

Crescent Sterling, Ltd. XAR

$322,131

0.14%

1,393

VVR Holdings LLC XAR

$321,206

0.14%

1,389

Atria Investments, Inc XAR

$314,731

0.14%

1,361

Integrated Advisors Network LLC XAR

$302,475

0.13%

1,308

PENSION & WEALTH MANAGEMENT ADVISORS, INC. XAR

$300,625

0.13%

1,300

JERICHO FINANCIAL, LLP XAR

$300,393

0.13%

1,299

Millennium Capital Advisors, LLC XAR

$289,062

0.12%

1,250

Dynamic Advisor Solutions LLC XAR

$268,018

0.12%

1,159

Baker Ellis Asset Management LLC XAR

$265,937

0.11%

1,150

WealthPlan Investment Management, LLC XAR

$262,700

0.11%

1,136

Blue Trust, Inc. XAR

$249,056

0.11%

1,077

HF Advisory Group, LLC XAR

$236,568

0.10%

1,023

DAVENPORT & Co LLC XAR

$230,093

0.10%

995

Sound Income Strategies, LLC XAR

$229,862

0.10%

994

INSPIRION WEALTH ADVISORS, LLC XAR

$227,781

0.10%

985

CFS Investment Advisory Services, LLC XAR

$227,781

0.10%

985

Meridian Financial Advisors, LLC XAR

$219,687

0.09%

950

Redhawk Wealth Advisors, Inc. XAR

$217,606

0.09%

941

Diversify Advisory Services, LLC XAR

$214,368

0.09%

927

DIVERSIFY WEALTH MANAGEMENT, LLC XAR

$214,368

0.09%

927

CWA Asset Management Group, LLC XAR

$209,975

0.09%

908

Capital Management Associates, Inc XAR

$208,125

0.09%

900

Eagle Strategies LLC XAR

$205,812

0.09%

890

South Shore Capital Advisors XAR

$203,268

0.09%

879

MISSION WEALTH MANAGEMENT, LP XAR

$202,806

0.09%

877

Sage Capital Advisors,llc XAR

$202,343

0.09%

875

PRIVATE TRUST CO NA XAR

$167,425

0.07%

724

NFSG Corp XAR

$148,000

0.06%

640

Showing the top 100 of 133 holders. Create a free account to see every holder, past quarters, search, filters and CSV export.