State Street SPDR S&P Aerospace & Defense ETF
451 hedge funds and large institutions have $1.92B invested in State Street SPDR S&P Aerospace & Defense ETF in 2025 Q3 according to their latest regulatory filings, with 70 funds opening new positions, 155 increasing their positions, 115 reducing their positions, and 22 closing their positions.
1,323% more call options, than puts
Call options by funds: $14.4M | Put options by funds: $1.01M
218% more first-time investments, than exits
New positions opened: 70 | Existing positions closed: 22
35% more repeat investments, than reductions
Existing positions increased: 155 | Existing positions reduced: 115
20% more capital invested
Capital invested by funds: $1.6B → $1.92B (+$319M)
10% more funds holding
Funds holding: 409 → 451 (+42)
4.65% less ownership
Funds ownership: 45% → 40.35% (-4.7%)
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QC
Quadrature Capital
London,
United Kingdom
|
+$42.7M |
| 2 |
LPL Financial
San Diego,
California
|
+$17.8M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
+$17M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$12.2M |
| 5 |
HWM
Horizon Wealth Management
La Grange,
Illinois
|
+$11.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFGP
Stonebridge Financial Group (Pennsylvania)
Wormleysburg,
Pennsylvania
|
-$14.4M |
| 2 |
SAS
SMI Advisory Services
Columbus,
Indiana
|
-$9.87M |
| 3 |
EE
EWG Elevate
Roseville,
California
|
-$9.24M |
| 4 |
Morgan Stanley
New York
|
-$5.03M |
| 5 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$4.17M |
XAR Hedge Fund Activity: Q3 2025 in Review
451 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Aerospace & Defense ETF (XAR) for Q3 2025, worth a combined $1.92B — up 20% from $1.6B a quarter earlier.
Buyers outnumbered sellers: 70 funds opened new XAR positions and 22 closed out — a net gain of 48 holders — while 155 added to existing stakes and 115 trimmed.
The largest buyer was Quadrature Capital, opening a new position worth an estimated $42.7M. The largest seller was Stonebridge Financial Group (Pennsylvania), exiting entirely with an estimated $14.4M sold.
- 451 institutional investors held State Street SPDR S&P Aerospace & Defense ETF (XAR) as of Q3 2025, up from 409 in Q2 2025.
- Funds reported $1.92B of State Street SPDR S&P Aerospace & Defense ETF stock for Q3 2025, up 20% quarter-over-quarter.
- 70 funds opened new State Street SPDR S&P Aerospace & Defense ETF positions in Q3 2025 and 22 closed out, a net change of +48 holders.
- The largest State Street SPDR S&P Aerospace & Defense ETF buyer in Q3 2025 was Quadrature Capital, an estimated $42.7M added.
- The largest State Street SPDR S&P Aerospace & Defense ETF seller in Q3 2025 was Stonebridge Financial Group (Pennsylvania), an estimated $14.4M sold.
Based on aggregated 13F filings for Q3 2025.