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State Street SPDR S&P Health Care Equipment ETF
XHE

76 hedge funds and large institutions have $94.3M invested in State Street SPDR S&P Health Care Equipment ETF in 2025 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 20 increasing their positions, 21 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

118% more capital invested

Capital invested by funds: $43.3M → $94.3M (+$51M)

31.34% more ownership

Funds ownership: 29.72% → 61.06% (+31%)

5% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 21

3% less funds holding

Funds holding: 78 → 76 (-2)

11% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 9

Holders
76
Holders Change
-2
Holders Change %
-2.56%
% of All Funds
0.92%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
20
Reduced
21
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$16.8M
2
Morgan Stanley
Morgan Stanley
New York
+$10.4M
3
Goldman Sachs
Goldman Sachs
New York
+$9.92M
4
LPL Financial
LPL Financial
California
+$1.97M
5
Raymond James Financial
Raymond James Financial
Florida
+$1.86M

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$394K
2
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
-$283K
3
Osaic Holdings
Osaic Holdings
Arizona
-$220K
4
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$205K
5
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
-$180K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wealthfront Advisers
26
Wealthfront Advisers
California
$445K +$10.7K +127 +3%
Wells Fargo
27
Wells Fargo
California
$443K +$64.5K +768 +18%
WA
28
Waverly Advisors
Alabama
$428K – – –
Osaic Holdings
29
Osaic Holdings
Arizona
$425K -$220K -2,615 -35%
FTUS
30
Flow Traders U.S.
New York
$353K +$337K +4,006 New
VCM
31
Vivaldi Capital Management
Illinois
$318K +$32.5K +387 +12%
S4W
32
Solutions 4 Wealth
Texas
$312K – – –
CCFM
33
Clear Creek Financial Management
Washington
$309K -$156K -1,851 -35%
MIC
34
Means Investment Company
Maine
$284K -$81.9K -974 -23%
IWM
35
IHT Wealth Management
Illinois
$263K -$21.7K -258 -8%
MWM
36
Modern Wealth Management
Kansas
$261K -$180K -2,140 -42%
MWM
37
MGB Wealth Management
Texas
$237K – – –
QPW
38
Quantum Private Wealth
Florida
$221K +$210K +2,500 New
Bank of Montreal
39
Bank of Montreal
Ontario, Canada
$193K -$176K -2,100 -49%
Franklin Resources
40
Franklin Resources
California
$154K – – –
JHCP
41
Jackson Hole Capital Partners
Oklahoma
$114K – – –
SS
42
Sunbelt Securities
Texas
$107K -$21.4K -255 -17%
CIAS
43
Capital Investment Advisory Services
North Carolina
$104K – – –
Citigroup
44
Citigroup
New York
$103K -$1.6K -19 -2%
HI
45
Harbour Investments
Wisconsin
$103K – – –
Jones Financial Companies
46
Jones Financial Companies
Missouri
$97.2K -$26.1K -310 -22%
SAM
47
Sherman Asset Management
California
$55.1K -$2.1K -25 -4%
Northwestern Mutual Wealth Management
48
Northwestern Mutual Wealth Management
Wisconsin
$44.7K -$3.11K -37 -7%
NEWAS
49
N.E.W. Advisory Services
Wisconsin
$44K +$84 +1 +0.2%
SIS
50
Sound Income Strategies
Florida
$40.5K +$28.7K +342 +311%
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XHE Hedge Fund Activity: Q4 2025 in Review

76 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Health Care Equipment ETF (XHE) for Q4 2025, worth a combined $94.3M — up 118% from $43.3M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of XHE and 8 opened new positions — a net loss of 1 holder — while 21 trimmed existing stakes and 20 added.

The largest buyer was JP Morgan Chase, adding an estimated $16.8M. The largest seller was Citadel Advisors, cutting an estimated $394K.

  • 76 institutional investors held State Street SPDR S&P Health Care Equipment ETF (XHE) as of Q4 2025, down from 78 in Q3 2025.
  • Funds reported $94.3M of State Street SPDR S&P Health Care Equipment ETF stock for Q4 2025, up 118% quarter-over-quarter.
  • 8 funds opened new State Street SPDR S&P Health Care Equipment ETF positions in Q4 2025 and 9 closed out, a net change of -1 holder.
  • The largest State Street SPDR S&P Health Care Equipment ETF buyer in Q4 2025 was JP Morgan Chase, an estimated $16.8M added.
  • The largest State Street SPDR S&P Health Care Equipment ETF seller in Q4 2025 was Citadel Advisors, an estimated $394K sold.

Based on aggregated 13F filings for Q4 2025.