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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
PNC Financial Services Group
51
PNC Financial Services Group
Pennsylvania
$33.4K – – –
Fidelity Investments
52
Fidelity Investments
Massachusetts
$29K – – –
YDMI
53
Y.D. More Investments
Israel
$27.1K – – –
Qube Research & Technologies (QRT)
54
Qube Research & Technologies (QRT)
United Kingdom
$26.6K – – –
PWMG
55
Prestige Wealth Management Group
New Jersey
$24.4K -$168 -2 -0.7%
AAP
56
Arax Advisory Partners
Colorado
$23.3K +$22.2K +264 New
FIM
57
FWL Investment Management
Texas
$17.6K – – –
MCM
58
MAI Capital Management
Ohio
$17.6K – – –
FFA
59
Farther Finance Advisors
California
$13.6K +$12.9K +154 New
CFP
60
Comprehensive Financial Planning
Pennsylvania
$13.3K – – –
NA
61
NewEdge Advisors
Louisiana
$10.6K – – –
AWM
62
AE Wealth Management
Kansas
$10.1K -$420 -5 -4%
CA
63
CoreCap Advisors
Michigan
$9.88K – – –
NRG
64
Nemes Rush Group
Michigan
$8.91K +$8.49K +101 New
Comerica Bank
65
Comerica Bank
Texas
$8.56K -$336 -4 -4%
SPIA
66
Steward Partners Investment Advisory
New York
$7.41K – – –
NS
67
NBC Securities
Alabama
$6.62K – – –
BCWM
68
Bartlett & Co Wealth Management
Ohio
$6.18K +$5.88K +70 New
GSWM
69
Golden State Wealth Management
California
$5.91K +$4.2K +50 +294%
Carson Wealth (CWM LLC)
70
Carson Wealth (CWM LLC)
Nebraska
$5K – – –
IIM
71
IFC & Insurance Marketing
California
$5K +$4.62K +55 New
CWM
72
Copia Wealth Management
Oregon
$4.76K – – –
FDW
73
Fourth Dimension Wealth
Ohio
$3.36K – – –
CPBTD
74
Central Pacific Bank - Trust Division
Hawaii
$2.29K – – –
IF
75
Integrity Financial
Wyoming
$1.5K – – –
1 2
3
4

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.