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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$16.8M |
| 2 |
Morgan Stanley
New York
|
+$10.4M |
| 3 |
Goldman Sachs
New York
|
+$9.92M |
| 4 |
LPL Financial
San Diego,
California
|
+$1.97M |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
+$1.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$394K |
| 2 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$283K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$220K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$205K |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$180K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ACA
76
Aptus Capital Advisors
Fairhope,
Alabama
| $1.15K | – | – | – |
|
|
77
Kovitz Investment Group Partners
Chicago,
Illinois
| – | -$283K | -3,592 | Closed |
|
|
78
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$205K | -2,604 | Closed |
|
|
ASN
79
Advisory Services Network
Atlanta,
Georgia
| – | -$81.9K | -1,040 | Closed |
|
|
AAS
80
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$42.1K | -535 | Closed |
|
81
Simplex Trading
Chicago,
Illinois
| – | -$17K | -216 | Closed |
|
|
RIA
82
Realta Investment Advisors
Wilmington,
Delaware
| – | -$15.8K | -200 | Closed |
|
|
FDCDDQ
83
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| – | -$7.88K | -100 | Closed |
|
|
CFO
84
CVA Family Office
Denver,
Colorado
| – | -$5.99K | -76 | Closed |
|
|
PS
85
Principal Securities
Des Moines,
Iowa
| – | -$1.02K | -13 | Closed |
|
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.