State Street SPDR S&P Oil & Gas Equipment & Services ETF
XES
72 hedge funds and large institutions have $120M invested in State Street SPDR S&P Oil & Gas Equipment & Services ETF in 2025 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 16 increasing their positions, 19 reducing their positions, and 10 closing their positions.
147% more capital invested
Capital invested by funds: $48.5M → $120M (+$71.5M)
68% more call options, than puts
Call options by funds: $2.26M | Put options by funds: $1.34M
30% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 10
16.66% more ownership
Funds ownership: 30.28% → 46.94% (+17%)
4% more funds holding
Funds holding: 69 → 72 (+3)
16% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NHFG
New Harbor Financial Group
Worcester,
Massachusetts
|
+$28.9M |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
+$15.4M |
| 3 |
Morgan Stanley
New York
|
+$8.5M |
| 4 |
BSG
Black Swift Group
Boulder,
Colorado
|
+$5.74M |
| 5 |
Goldman Sachs
New York
|
+$5.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.93M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$1.58M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
-$1.13M |
| 4 |
AGC
Aspen Grove Capital
Avon,
Colorado
|
-$723K |
| 5 |
FSA
Financial Sense Advisors
San Diego,
California
|
-$558K |
XES Hedge Fund Activity: Q4 2025 in Review
72 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Oil & Gas Equipment & Services ETF (XES) for Q4 2025, worth a combined $120M — up 147% from $48.5M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new XES positions and 10 closed out — a net gain of 3 holders — while 16 added to existing stakes and 19 trimmed.
The largest buyer was New Harbor Financial Group, opening a new position worth an estimated $28.9M. The largest seller was Susquehanna International Group, cutting an estimated $2.93M.
- 72 institutional investors held State Street SPDR S&P Oil & Gas Equipment & Services ETF (XES) as of Q4 2025, up from 69 in Q3 2025.
- Funds reported $120M of State Street SPDR S&P Oil & Gas Equipment & Services ETF stock for Q4 2025, up 147% quarter-over-quarter.
- 13 funds opened new State Street SPDR S&P Oil & Gas Equipment & Services ETF positions in Q4 2025 and 10 closed out, a net change of +3 holders.
- The largest State Street SPDR S&P Oil & Gas Equipment & Services ETF buyer in Q4 2025 was New Harbor Financial Group, an estimated $28.9M added.
- The largest State Street SPDR S&P Oil & Gas Equipment & Services ETF seller in Q4 2025 was Susquehanna International Group, an estimated $2.93M sold.
Based on aggregated 13F filings for Q4 2025.