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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
BEI
476
Benjamin Edwards Inc
Missouri
$220K +$198K +2,197 New
CS
477
Capital Square
Tennessee
$220K +$197K +2,191 New
WW
478
Waterfront Wealth
Kansas
$219K +$184K +2,040 New
TBC
479
Ted Buchan & Co
California
$217K -$8.16M -90,585 -98%
MCC
480
Money Concepts Capital
Florida
$216K +$194K +2,159 New
AF
481
Allworth Financial
California
$214K +$32.9K +365 +21%
BWM
482
BlackDiamond Wealth Management
New York
$214K +$192K +2,133 New
IAN
483
Integrated Advisors Network
Texas
$213K +$192K +2,129 New
DWS
484
Dynamic Wealth Strategies
California
$213K
MCCA
485
Mill Creek Capital Advisors
Pennsylvania
$213K +$191K +2,121 New
AIM
486
Aurora Investment Managers
Florida
$209K +$188K +2,082 New
MFG
487
Merit Financial Group
Georgia
$206K -$35.5K -394 -16%
BWP
488
Baldwin Wealth Partners
Massachusetts
$205K +$185K +2,050 New
OIA
489
OneDigital Investment Advisors
Kansas
$205K +$184K +2,048 New
BMC
490
Beaton Management Company
Massachusetts
$205K +$185K +2,050 New
MAG
491
M3 Advisory Group
Massachusetts
$205K +$184K +2,045 New
VWA
492
Visionary Wealth Advisors
Illinois
$205K -$1.52M -16,914 -89%
CIAS
493
Capital Investment Advisory Services
North Carolina
$205K -$36K -400 -16%
ACA
494
Aptus Capital Advisors
Alabama
$204K +$90 +1 +0%
IA
495
IFP Advisors
Florida
$204K -$169K -1,878 -48%
GIA
496
Gladstone Institutional Advisory
Florida
$203K +$183K +2,030 New
CPCM
497
Cardinal Point Capital Management
Ontario, Canada
$202K +$173K +1,919 New
SPC
498
Sigma Planning Corp
Michigan
$201K +$181K +2,009 New
FC
499
Financial Council
Maryland
$201K +$181K +2,008 New
TH
500
TCTC Holdings
Texas
$201K

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.