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State Street SPDR S&P Aerospace & Defense ETF
XAR

368 hedge funds and large institutions have $1.15B invested in State Street SPDR S&P Aerospace & Defense ETF in 2025 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 130 increasing their positions, 95 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

697% more call options, than puts

Call options by funds: $4.87M | Put options by funds: $611K

37% more repeat investments, than reductions

Existing positions increased: 130 | Existing positions reduced: 95

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

18% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 34

1.31% more ownership

Funds ownership: 43.78% → 45.09% (+1.3%)

0% less capital invested

Capital invested by funds: $1.16B → $1.15B (-$1.92M)

1% less funds holding

Funds holding: 370 → 368 (-2)

Holders
368
Holders Change
-2
Holders Change %
-0.54%
% of All Funds
4.93%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.05%
New
40
Increased
130
Reduced
95
Closed
34
Calls
$4.87M
Puts
$611K
Net Calls
+$4.26M
Net Calls Change
+$1.36M

Top Buyers

1
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$27M
2
TCMP
Thrive Capital Management (Pennsylvania)
Pennsylvania
+$23.4M
3
MML Investors Services
MML Investors Services
Massachusetts
+$7.73M
4
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$6.66M
5
Raymond James Financial
Raymond James Financial
Florida
+$5.84M

Top Sellers

1
Two Sigma Investments
Two Sigma Investments
New York
-$16.4M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$9.7M
3
Focus Partners Wealth
Focus Partners Wealth
Massachusetts
-$7.36M
4
CA
Cumberland Advisors
Florida
-$5.59M
5
IAA
Independent Advisor Alliance
North Carolina
-$3.15M
Name Holding Trade Value Shares
Change 		Change in
Stake
AWM
301
AllSquare Wealth Management
New York
$48.4K – – –
WSFS
302
Wilmington Savings Fund Society
Delaware
$48.2K – – –
BAM
303
Bellevue Asset Management
Washington
$42.9K +$168 +1 +0.4%
WT
304
Washington Trust
Rhode Island
$40.5K – – –
BFO
305
Biltmore Family Office
North Carolina
$40.2K – – –
CFO
306
CVA Family Office
Colorado
$40.2K – – –
BBHC
307
Brown Brothers Harriman & Co
New York
$38.6K – – –
GJIA
308
Glass Jacobson Investment Advisors
Maryland
$37.6K – – –
BC
309
Barrett & Company
Rhode Island
$32.4K +$168 +1 +0.5%
BIM
310
Brentview Investment Management
Illinois
$32.1K +$33.6K +200 New
ZBNA
311
Zions Bancorporation, National Association
Utah
$32.1K +$33.6K +200 New
PMAM
312
Picton Mahoney Asset Management
Ontario, Canada
$32K -$16.8K -100 -33%
RFA
313
Reyes Financial Architecture
California
$32K +$33.5K +199 New
RF
314
Roxbury Financial
New Jersey
$29.9K +$30.3K +180 New
TCM
315
TD Capital Management
Tennessee
$29K +$30.3K +180 New
HPC
316
HM Payson & Co
Maine
$28.1K – – –
WIM
317
Westside Investment Management
California
$28.1K – – –
RWPA
318
Richard W. Paul & Associates
Michigan
$26.7K – – –
RPCA
319
Running Point Capital Advisors
California
$24.4K – – –
LWA
320
Lowe Wealth Advisors
Maryland
$24.1K – – –
WTFG
321
Wood Tarver Financial Group
Idaho
$24.1K – – –
HI
322
Harbour Investments
Wisconsin
$24K -$16.8K -100 -40%
AAG
323
Armstrong Advisory Group
Massachusetts
$20.7K – – –
GSWM
324
Golden State Wealth Management
California
$20.2K – – –
CWM
325
Copia Wealth Management
Oregon
$20.2K +$2.19K +13 +12%
11 12
13
14 15

XAR Hedge Fund Activity: Q1 2025 in Review

368 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Aerospace & Defense ETF (XAR) for Q1 2025, worth a combined $1.15B — down 0.17% from $1.16B a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new XAR positions and 34 closed out — a net gain of 6 holders — while 130 added to existing stakes and 95 trimmed.

The largest buyer was Envestnet Asset Management, adding an estimated $27M. The largest seller was Two Sigma Investments, cutting an estimated $16.4M.

  • 368 institutional investors held State Street SPDR S&P Aerospace & Defense ETF (XAR) as of Q1 2025, down from 370 in Q4 2024.
  • Funds reported $1.15B of State Street SPDR S&P Aerospace & Defense ETF stock for Q1 2025, down 0.17% quarter-over-quarter.
  • 40 funds opened new State Street SPDR S&P Aerospace & Defense ETF positions in Q1 2025 and 34 closed out, a net change of +6 holders.
  • The largest State Street SPDR S&P Aerospace & Defense ETF buyer in Q1 2025 was Envestnet Asset Management, an estimated $27M added.
  • The largest State Street SPDR S&P Aerospace & Defense ETF seller in Q1 2025 was Two Sigma Investments, an estimated $16.4M sold.

Based on aggregated 13F filings for Q1 2025.