Gates Capital Management’s State Street Materials Select Sector SPDR ETF XLB Stock Holding History

Gates Capital Management’s Portfolio XLB Stock Details XLB Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$202M	Sell	4,050,000 -2,350,000	-37%	-$118M	5.53%	2
2025 Q4	$290M	Sell	6,400,000 -600,000	-9%	-$26.5M	7.64%	2
2025 Q3	$314M	Hold	7,000,000	–	–	5.61%	3
2025 Q2	$307M	Buy	7,000,000 +2,000,000	+40%	+$84.8M	5.3%	3
2025 Q1	$215M	Hold	5,000,000	–	–	4.22%	4
2024 Q4	$210M	Sell	5,000,000 -1,000,000	-17%	-$46.3M	3.95%	5
2024 Q3	$289M	Buy	6,000,000 +1,000,000	+20%	+$45.6M	5.05%	3
2024 Q2	$221M	Buy	+5,000,000	New	+$226M	4.38%	4
2016 Q4	–	Sell	-6,000,000	Closed	-$143M	–	32
2016 Q3	$143M	Buy	+6,000,000	New	+$145M	5.16%	3

Other funds holding XLB

Bank of America

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

BNP Paribas Financial Markets

BNP Paribas Financial Markets Paris, France $206B AUM 31.61% 1-Year Est. Return

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

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

Menora Mivtachim Holdings Ramat Gan, Israel $21.1B AUM 40.03% 1-Year Est. Return

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

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

Citadel Advisors

Citadel Advisors Miami, Florida $618B AUM 30.34% 1-Year Est. Return

Royal Bank of Canada

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