Miller Investment Management’s State Street Materials Select Sector SPDR ETF XLB Stock Holding History

Miller Investment 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
2025 Q4	–	Sell	-75,548	Closed	-$3.39M	–	95
2025 Q3	$3.39M	Sell	75,548 -2,572	-3%	-$116K	0.34%	30
2025 Q2	$3.43M	Sell	78,120 -30,202	-28%	-$1.28M	0.36%	30
2025 Q1	$4.66M	Sell	108,322 -22,566	-17%	-$986K	0.52%	24
2024 Q4	$5.51M	Hold	130,888	–	–	0.6%	24
2024 Q3	$6.31M	Sell	130,888 -529,596	-80%	-$24.2M	0.66%	24
2024 Q2	$29.2M	Sell	660,484 -257,582	-28%	-$11.6M	3.48%	8
2024 Q1	$42.6M	Sell	918,066 -528	-0.1%	-$22.7K	5.45%	4
2023 Q4	$39.3M	Sell	918,594 -54,166	-6%	-$2.17M	5.59%	4
2023 Q3	$38.2M	Sell	972,760 -7,588	-0.8%	-$312K	6.01%	4
2023 Q2	$40.6M	Sell	980,348 -2,980	-0.3%	-$118K	6.19%	4
2023 Q1	$39.7M	Sell	983,328 -24,812	-2%	-$1M	6.55%	4
2022 Q4	$39.2M	Sell	1,008,140 -132,790	-12%	-$5.1M	6.67%	4
2022 Q3	$38.8M	Sell	1,140,930 -21,096	-2%	-$793K	8.1%	2
2022 Q2	$42.8M	Sell	1,162,026 -26,814	-2%	-$1.12M	8.79%	2
2022 Q1	$52.4M	Sell	1,188,840 -3,312	-0.3%	-$141K	8.25%	3
2021 Q4	$54M	Sell	1,192,152 -49,578	-4%	-$2.14M	7.73%	2
2021 Q3	$49.1M	Sell	1,241,730 -129,158	-9%	-$5.37M	8.44%	2
2021 Q2	$56.4M	Buy	1,370,888 +8,506	+0.6%	+$358K	9.82%	3
2021 Q1	$53.7M	Buy	1,362,382 +18,078	+1%	+$682K	9.92%	3
2020 Q4	$48.7M	Buy	+1,344,304	New	+$46M	9.07%	4

Other funds holding XLB

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

Susquehanna International Group Bala Cynwyd, Pennsylvania $1.28T AUM 58.89% 1-Year Est. Return

MMH

Menora Mivtachim Holdings Ramat Gan, Israel $25.6B AUM 50.04% 1-Year Est. Return

Barclays London, United Kingdom $521B AUM 51.41% 1-Year Est. Return

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

LPL Financial San Diego, California $445B AUM 25.58% 1-Year Est. Return

CIBC World Market Toronto, Ontario, Canada $62.3B AUM 44.64% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

Miller Investment Management's XLB Position: Q4 2025 in Review

Miller Investment Management sold out of State Street Materials Select Sector SPDR ETF (XLB) in Q4 2025, closing a stake of 75,548 shares — an estimated $3.39M sold.

Miller Investment Management first reported a position in XLB in Q4 2020 and held it in 20 quarters. The position peaked at $56.4M in Q2 2021. 808 funds tracked by Wall St. Rank hold XLB as of Q4 2025.

Miller Investment Management reported no remaining State Street Materials Select Sector SPDR ETF position as of Q4 2025 after selling out during the quarter.
Miller Investment Management sold 75,548 State Street Materials Select Sector SPDR ETF shares in Q4 2025, an estimated $3.39M.
Miller Investment Management first reported a position in State Street Materials Select Sector SPDR ETF in Q4 2020 and held it in 20 quarters.
Miller Investment Management's State Street Materials Select Sector SPDR ETF position peaked at $56.4M in Q2 2021.
808 funds tracked by Wall St. Rank held State Street Materials Select Sector SPDR ETF as of Q4 2025.

Based on Miller Investment Management's 13F filing for Q4 2025, filed 11 Feb 2026.