State Street SPDR S&P Homebuilders ETF
XHB
261 hedge funds and large institutions have $1.7B invested in State Street SPDR S&P Homebuilders ETF in 2025 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 75 increasing their positions, 87 reducing their positions, and 43 closing their positions.
19% more capital inflows, than outflows
Capital inflows: $426M | Capital outflows: $358M
4.05% more ownership
Funds ownership: 92.38% → 96.43% (+4.1%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
1% less call options, than puts
Call options by funds: $570M | Put options by funds: $577M
5% less funds holding
Funds holding: 275 → 261 (-14)
14% less repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 87
28% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 43
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Harel Insurance Investments & Financial Services
Ramat Gan,
Israel
|
+$114M |
| 2 |
Morgan Stanley
New York
|
+$83.9M |
| 3 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
+$38M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$30M |
| 5 |
MIRAE ASSET SECURITIES (USA) INC.
New York
|
+$23.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$120M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
-$57.8M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$46.1M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$16.7M |
| 5 |
Goldman Sachs
New York
|
-$13.4M |
XHB Hedge Fund Activity: Q2 2025 in Review
261 of the 7,626 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Homebuilders ETF (XHB) for Q2 2025, worth a combined $1.7B — up 6.4% from $1.6B a quarter earlier.
Sellers outnumbered buyers: 43 funds closed out of XHB and 31 opened new positions — a net loss of 12 holders — while 87 trimmed existing stakes and 75 added.
The largest buyer was Harel Insurance Investments & Financial Services, opening a new position worth an estimated $114M. The largest seller was Citadel Advisors, cutting an estimated $120M.
- 261 institutional investors held State Street SPDR S&P Homebuilders ETF (XHB) as of Q2 2025, down from 275 in Q1 2025.
- Funds reported $1.7B of State Street SPDR S&P Homebuilders ETF stock for Q2 2025, up 6.4% quarter-over-quarter.
- 31 funds opened new State Street SPDR S&P Homebuilders ETF positions in Q2 2025 and 43 closed out, a net change of -12 holders.
- The largest State Street SPDR S&P Homebuilders ETF buyer in Q2 2025 was Harel Insurance Investments & Financial Services, an estimated $114M added.
- The largest State Street SPDR S&P Homebuilders ETF seller in Q2 2025 was Citadel Advisors, an estimated $120M sold.
Based on aggregated 13F filings for Q2 2025.