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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
GWMI
351
Guardian Wealth Management (Illinois)
Illinois
$4.34K – – –
TC
352
Truvestments Capital
Florida
$4.34K – – –
FP
353
Financial Perspectives
Minnesota
$4.18K – – –
VFM
354
Vision Financial Markets
Connecticut
$4.1K – – –
PB
355
Pinnacle Bancorp
Nebraska
$3.7K – – –
CA
356
Continuum Advisory
Idaho
$3.54K – – –
SRCM
357
Signature Resources Capital Management
California
$3.21K – – –
OAJ
358
Ogorek Anthony Joseph
New York
$3K – – –
RDFA
359
Ritter Daniher Financial Advisory
Ohio
$2.51K – – –
NSIM
360
North Star Investment Management
Illinois
$2.42K – – –
Fifth Third Bancorp
361
Fifth Third Bancorp
Ohio
$2.41K +$2.52K +15 New
CIA
362
Cape Investment Advisory
Georgia
$2.25K – – –
CPBTD
363
Central Pacific Bank - Trust Division
Hawaii
$2.09K – – –
CTWM
364
Cherry Tree Wealth Management
Minnesota
$1.93K -$1.85K -11 -48%
FDW
365
Fourth Dimension Wealth
Ohio
$1.61K -$66.7K -397 -98%
HWM
366
HighMark Wealth Management
Minnesota
$964 +$1.01K +6 New
RCA
367
Runnymede Capital Advisors
Ohio
$482 – – –
DFA
368
DHJJ Financial Advisors
Illinois
$322 – – –
LWMI
369
Legacy Wealth Management (Idaho)
Idaho
$322 – – –
SL
370
Salomon & Ludwin
Virginia
$321 – – –
SIS
371
Sound Income Strategies
Florida
$22 – – –
CFGS
372
Concourse Financial Group Securities
Alabama
– -$6.58M -36,753 Closed
IAA
373
Independent Advisor Alliance
North Carolina
– -$3.15M -18,984 Closed
FIA
374
Foundations Investment Advisors
Arizona
– -$3.1M -18,687 Closed
QWM
375
Quadcap Wealth Management
Texas
– -$2.56M -15,432 Closed
13 14
15
16 17

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.