Sandler Capital Management’s State Street SPDR S&P Semiconductor ETF XSD Stock Holding History

Sandler Capital Management’s Portfolio XSD Stock Details XSD Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-9,000	Closed	-$2.31M	–	200
2025 Q2	$2.31M	Buy	+9,000	New	+$1.94M	0.62%	66
2024 Q1	–	Sell	-11,000	Closed	-$2.47M	–	174
2023 Q4	$2.47M	Buy	+11,000	New	+$2.16M	0.2%	89
2023 Q2	–	Sell	-40,200	Closed	-$8.39M	–	127
2023 Q1	$8.39M	Buy	+40,200	New	+$7.88M	0.76%	45
2017 Q1	–	Sell	-10,350	Closed	-$581K	–	227
2016 Q4	$581K	Sell	10,350 -220,000	-96%	-$11.8M	0.05%	127
2016 Q3	$12.2M	Buy	230,350 +90,350	+65%	+$4.47M	1.5%	23
2016 Q2	$6.21M	Buy	+140,000	New	+$6.13M	0.82%	50
2015 Q1	–	Sell	-374,000	Closed	-$14.9M	–	258
2014 Q4	$14.9M	Buy	+374,000	New	+$13.7M	0.79%	36

Other funds holding XSD

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

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

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

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

PNC Financial Services Group Pittsburgh, Pennsylvania $173B AUM 20.72% 1-Year Est. Return

Ameriprise Minneapolis, Minnesota $432B AUM 30.22% 1-Year Est. Return

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

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

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

MIG

McGuire Investment Group Wakefield, Rhode Island $885M AUM 47.78% 1-Year Est. Return

Sandler Capital Management's XSD Position: Q3 2025 in Review

Sandler Capital Management sold out of State Street SPDR S&P Semiconductor ETF (XSD) in Q3 2025, closing a stake of 9,000 shares — an estimated $2.31M sold.

Sandler Capital Management first reported a position in XSD in Q4 2014 and held it in 7 quarters. The position peaked at $14.9M in Q4 2014. 228 funds tracked by Wall St. Rank hold XSD as of Q3 2025.

Sandler Capital Management reported no remaining State Street SPDR S&P Semiconductor ETF position as of Q3 2025 after selling out during the quarter.
Sandler Capital Management sold 9,000 State Street SPDR S&P Semiconductor ETF shares in Q3 2025, an estimated $2.31M.
Sandler Capital Management first reported a position in State Street SPDR S&P Semiconductor ETF in Q4 2014 and held it in 7 quarters.
Sandler Capital Management's State Street SPDR S&P Semiconductor ETF position peaked at $14.9M in Q4 2014.
228 funds tracked by Wall St. Rank held State Street SPDR S&P Semiconductor ETF as of Q3 2025.

Based on Sandler Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.