State Street SPDR S&P Aerospace & Defense ETF
498 hedge funds and large institutions have $2.15B invested in State Street SPDR S&P Aerospace & Defense ETF in 2025 Q4 according to their latest regulatory filings, with 83 funds opening new positions, 187 increasing their positions, 109 reducing their positions, and 27 closing their positions.
959% more call options, than puts
Call options by funds: $14.8M | Put options by funds: $1.4M
207% more first-time investments, than exits
New positions opened: 83 | Existing positions closed: 27
72% more repeat investments, than reductions
Existing positions increased: 187 | Existing positions reduced: 109
57% more funds holding in top 10
Funds holding in top 10: 7 → 11 (+4)
12% more capital invested
Capital invested by funds: $1.92B → $2.15B (+$223M)
10% more funds holding
Funds holding: 452 → 498 (+46)
5.39% more ownership
Funds ownership: 40.35% → 45.74% (+5.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$47.3M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$17.3M |
| 3 |
LPL Financial
San Diego,
California
|
+$16.3M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$13.8M |
| 5 |
JP Morgan Chase
New York
|
+$9.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QC
Quadrature Capital
London,
United Kingdom
|
-$44.3M |
| 2 |
MW
Marks Wealth
Annapolis,
Maryland
|
-$28.6M |
| 3 |
HWM
Horizon Wealth Management
La Grange,
Illinois
|
-$7.13M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$6.66M |
| 5 |
MIFH
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
-$4.56M |
XAR Hedge Fund Activity: Q4 2025 in Review
498 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Aerospace & Defense ETF (XAR) for Q4 2025, worth a combined $2.15B — up 12% from $1.92B a quarter earlier.
Buyers outnumbered sellers: 83 funds opened new XAR positions and 27 closed out — a net gain of 56 holders — while 187 added to existing stakes and 109 trimmed.
The largest buyer was Carson Wealth (CWM LLC), adding an estimated $47.3M. The largest seller was Quadrature Capital, cutting an estimated $44.3M.
- 498 institutional investors held State Street SPDR S&P Aerospace & Defense ETF (XAR) as of Q4 2025, up from 452 in Q3 2025.
- Funds reported $2.15B of State Street SPDR S&P Aerospace & Defense ETF stock for Q4 2025, up 12% quarter-over-quarter.
- 83 funds opened new State Street SPDR S&P Aerospace & Defense ETF positions in Q4 2025 and 27 closed out, a net change of +56 holders.
- The largest State Street SPDR S&P Aerospace & Defense ETF buyer in Q4 2025 was Carson Wealth (CWM LLC), an estimated $47.3M added.
- The largest State Street SPDR S&P Aerospace & Defense ETF seller in Q4 2025 was Quadrature Capital, an estimated $44.3M sold.
Based on aggregated 13F filings for Q4 2025.