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State Street SPDR S&P Biotech ETF

656 hedge funds and large institutions have $12.4B invested in State Street SPDR S&P Biotech ETF in 2025 Q3 according to their latest regulatory filings, with 100 funds opening new positions, 151 increasing their positions, 243 reducing their positions, and 63 closing their positions.

New
Increased
Maintained
Reduced
Closed

59% more first-time investments, than exits

New positions opened: 100 | Existing positions closed: 63

20% more funds holding in top 10

Funds holding in top 10: 1518 (+3)

16% more capital invested

Capital invested by funds: $10.7B → $12.4B (+$1.69B)

14.41% more ownership

Funds ownership: 200.2%214.61% (+14%)

5% more funds holding

Funds holding: 625656 (+31)

24% less call options, than puts

Call options by funds: $2.38B | Put options by funds: $3.15B

38% less repeat investments, than reductions

Existing positions increased: 151 | Existing positions reduced: 243

Holders
656
Holders Change
+31
Holders Change %
+4.96%
% of All Funds
8.61%
Holding in Top 10
18
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+20%
% of All Funds
0.24%
New
100
Increased
151
Reduced
243
Closed
63
Calls
$2.38B
Puts
$3.15B
Net Calls
-$772M
Net Calls Change
+$5.45M
Name Holding Trade Value Shares
Change
Change in
Stake
FLC
426
Fifth Lane Capital
Texas
$301K -$135K -1,500 -33%
FFA
427
Fragasso Financial Advisors
Pennsylvania
$286K +$90 +1 +0%
EWS
428
Eagle Wealth Strategies
New Jersey
$284K +$1.44K +16 +0.6%
DFG
429
Demars Financial Group
Washington
$282K -$14.6K -162 -5%
OAC
430
OMERS Administration Corp
Ontario, Canada
$281K +$252K +2,800 New
DWT
431
Dorsey & Whitney Trust
South Dakota
$281K
I
432
INVST
Indiana
$280K
GC
433
Grimes & Company
Massachusetts
$279K +$90 +1 +0%
AWM
434
Aries Wealth Management
Maine
$277K
PCM
435
Parsons Capital Management
Rhode Island
$276K
SDAM
436
Shulman DeMeo Asset Management
New York
$276K
PCM
437
Poehling Capital Management
Wisconsin
$273K -$270 -3 -0.1%
MC
438
Moors & Cabot
Massachusetts
$272K +$9.01K +100 +4%
WA
439
Wealth Alliance
New York
$271K -$90.2K -1,001 -27%
BS
440
Banco Santander
Spain
$271K -$1.73M -19,174 -88%
DI
441
Diligent Investors
California
$271K
JIP
442
Jaffetilchin Investment Partners
Florida
$268K -$3.15K -35 -1%
LMKC
443
L.M. Kohn & Company
Ohio
$265K -$11.3K -126 -5%
PTC
444
Private Trust Company
Ohio
$264K -$21.3K -237 -8%
RWP
445
RWA Wealth Partners
Massachusetts
$261K
PWA
446
Prairie Wealth Advisors
Nebraska
$257K -$47.7K -530 -17%
IIC
447
Ironwood Investment Counsel
Arizona
$256K +$230K +2,557 New
M
448
MOTCO
Texas
$256K
Blackstone Inc
449
Blackstone Inc
New York
$255K
WC
450
Waterloo Capital
Texas
$255K +$229K +2,545 New

XBI Hedge Fund Activity: Q3 2025 in Review

656 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Biotech ETF (XBI) for Q3 2025, worth a combined $12.4B — up 16% from $10.7B a quarter earlier.

Buyers outnumbered sellers: 100 funds opened new XBI positions and 63 closed out — a net gain of 37 holders — while 151 added to existing stakes and 243 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $418M. The largest seller was Citigroup, cutting an estimated $168M.

  • 656 institutional investors held State Street SPDR S&P Biotech ETF (XBI) as of Q3 2025, up from 625 in Q2 2025.
  • Funds reported $12.4B of State Street SPDR S&P Biotech ETF stock for Q3 2025, up 16% quarter-over-quarter.
  • 100 funds opened new State Street SPDR S&P Biotech ETF positions in Q3 2025 and 63 closed out, a net change of +37 holders.
  • The largest State Street SPDR S&P Biotech ETF buyer in Q3 2025 was Goldman Sachs, an estimated $418M added.
  • The largest State Street SPDR S&P Biotech ETF seller in Q3 2025 was Citigroup, an estimated $168M sold.

Based on aggregated 13F filings for Q3 2025.