Nan Fung Trinity’s State Street SPDR S&P Bank ETF KBE Stock Holding History

Nan Fung Trinity’s Portfolio KBE Stock Details KBE Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-388,500	Closed	-$23.1M	–	85
2025 Q3	$23.1M	Hold	388,500	–	–	2.3%	15
2025 Q2	$21.7M	Hold	388,500	–	–	2.59%	13
2025 Q1	$20.6M	Buy	+388,500	New	+$21.8M	3.26%	10

Other funds holding KBE

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Jane Street New York $777B AUM 61.18% 1-Year Est. Return

WBG

Wharton Business Group Malvern, Pennsylvania $2.65B AUM 20.73% 1-Year Est. Return

MAM

Madison Asset Management Madison, Wisconsin $8.06B AUM 11.81% 1-Year Est. Return

LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return

Nan Fung Trinity's KBE Position: Q4 2025 in Review

Nan Fung Trinity sold out of State Street SPDR S&P Bank ETF (KBE) in Q4 2025, closing a stake of 388,500 shares — an estimated $23.1M sold.

Nan Fung Trinity first reported a position in KBE in Q1 2025 and held it in 3 quarters. The position peaked at $23.1M in Q3 2025. 264 funds tracked by Wall St. Rank hold KBE as of Q4 2025.

Nan Fung Trinity reported no remaining State Street SPDR S&P Bank ETF position as of Q4 2025 after selling out during the quarter.
Nan Fung Trinity sold 388,500 State Street SPDR S&P Bank ETF shares in Q4 2025, an estimated $23.1M.
Nan Fung Trinity first reported a position in State Street SPDR S&P Bank ETF in Q1 2025 and held it in 3 quarters.
Nan Fung Trinity's State Street SPDR S&P Bank ETF position peaked at $23.1M in Q3 2025.
264 funds tracked by Wall St. Rank held State Street SPDR S&P Bank ETF as of Q4 2025.

Based on Nan Fung Trinity's 13F filing for Q4 2025, filed 4 Feb 2026.