State Street SPDR S&P Homebuilders ETF
312 hedge funds and large institutions have $1.59B invested in State Street SPDR S&P Homebuilders ETF in 2025 Q4 according to their latest regulatory filings, with 71 funds opening new positions, 86 increasing their positions, 91 reducing their positions, and 57 closing their positions.
159% more call options, than puts
Call options by funds: $1.25B | Put options by funds: $483M
25% more first-time investments, than exits
New positions opened: 71 | Existing positions closed: 57
3% more funds holding
Funds holding: 302 → 312 (+10)
5% less repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 91
13.76% less ownership
Funds ownership: 111.67% → 97.91% (-14%)
23% less capital invested
Capital invested by funds: $2.08B → $1.59B (-$485M)
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$37M |
| 2 |
D.E. Shaw & Co
New York
|
+$23.5M |
| 3 |
SFM
Soros Fund Management
New York
|
+$21.5M |
| 4 |
Two Sigma Investments
New York
|
+$18.8M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$16.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$103M |
| 2 |
Morgan Stanley
New York
|
-$51.6M |
| 3 |
MCM
Moore Capital Management
New York
|
-$46.8M |
| 4 |
AAS
Annex Advisory Services
Brookfield,
Wisconsin
|
-$45.3M |
| 5 |
JP Morgan Chase
New York
|
-$43.5M |
XHB Hedge Fund Activity: Q4 2025 in Review
312 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Homebuilders ETF (XHB) for Q4 2025, worth a combined $1.59B — down 23% from $2.08B a quarter earlier.
Buyers outnumbered sellers: 71 funds opened new XHB positions and 57 closed out — a net gain of 14 holders — while 86 added to existing stakes and 91 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $37M. The largest seller was Citigroup, cutting an estimated $103M.
- 312 institutional investors held State Street SPDR S&P Homebuilders ETF (XHB) as of Q4 2025, up from 302 in Q3 2025.
- Funds reported $1.59B of State Street SPDR S&P Homebuilders ETF stock for Q4 2025, down 23% quarter-over-quarter.
- 71 funds opened new State Street SPDR S&P Homebuilders ETF positions in Q4 2025 and 57 closed out, a net change of +14 holders.
- The largest State Street SPDR S&P Homebuilders ETF buyer in Q4 2025 was Citadel Advisors, an estimated $37M added.
- The largest State Street SPDR S&P Homebuilders ETF seller in Q4 2025 was Citigroup, an estimated $103M sold.
Based on aggregated 13F filings for Q4 2025.