State Street SPDR S&P Aerospace & Defense ETF
410 hedge funds and large institutions have $1.6B invested in State Street SPDR S&P Aerospace & Defense ETF in 2025 Q2 according to their latest regulatory filings, with 68 funds opening new positions, 123 increasing their positions, 127 reducing their positions, and 25 closing their positions.
514% more call options, than puts
Call options by funds: $9.45M | Put options by funds: $1.54M
172% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 25
100% more funds holding in top 10
Funds holding in top 10: 4 → 8 (+4)
39% more capital invested
Capital invested by funds: $1.16B → $1.6B (+$449M)
11% more funds holding
Funds holding: 370 → 410 (+40)
0.13% less ownership
Funds ownership: 45.14% → 45.01% (-0.13%)
3% less repeat investments, than reductions
Existing positions increased: 123 | Existing positions reduced: 127
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWM
Affinity Wealth Management
Wilmington,
Delaware
|
+$29.2M |
| 2 |
MW
Marks Wealth
Annapolis,
Maryland
|
+$20.4M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$13M |
| 4 |
SFGP
Stonebridge Financial Group (Pennsylvania)
Wormleysburg,
Pennsylvania
|
+$12.3M |
| 5 |
SAS
SMI Advisory Services
Columbus,
Indiana
|
+$8.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$12M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$10.3M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$8.78M |
| 4 |
TCMP
Thrive Capital Management (Pennsylvania)
Fort Washington,
Pennsylvania
|
-$8.57M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
-$8.42M |
XAR Hedge Fund Activity: Q2 2025 in Review
410 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Aerospace & Defense ETF (XAR) for Q2 2025, worth a combined $1.6B — up 39% from $1.16B a quarter earlier.
Buyers outnumbered sellers: 68 funds opened new XAR positions and 25 closed out — a net gain of 43 holders — while 123 added to existing stakes and 127 trimmed.
The largest buyer was Affinity Wealth Management, opening a new position worth an estimated $29.2M. The largest seller was LPL Financial, cutting an estimated $12M.
- 410 institutional investors held State Street SPDR S&P Aerospace & Defense ETF (XAR) as of Q2 2025, up from 370 in Q1 2025.
- Funds reported $1.6B of State Street SPDR S&P Aerospace & Defense ETF stock for Q2 2025, up 39% quarter-over-quarter.
- 68 funds opened new State Street SPDR S&P Aerospace & Defense ETF positions in Q2 2025 and 25 closed out, a net change of +43 holders.
- The largest State Street SPDR S&P Aerospace & Defense ETF buyer in Q2 2025 was Affinity Wealth Management, an estimated $29.2M added.
- The largest State Street SPDR S&P Aerospace & Defense ETF seller in Q2 2025 was LPL Financial, an estimated $12M sold.
Based on aggregated 13F filings for Q2 2025.