State Street SPDR S&P Health Care Equipment ETF
XHE
77 hedge funds and large institutions have $93.9M 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, 19 increasing their positions, 22 reducing their positions, and 9 closing their positions.
113% more capital invested
Capital invested by funds: $44M → $93.9M (+$49.9M)
30.64% more ownership
Funds ownership: 30.2% → 60.84% (+31%)
3% less funds holding
Funds holding: 79 → 77 (-2)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
14% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 22
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 |
PWMA
Pension & Wealth Management Advisors
Waltham,
Massachusetts
|
-$274K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$220K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$205K |
XHE Hedge Fund Activity: Q4 2025 in Review
77 of the 8,270 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 $93.9M — up 113% from $44M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of XHE and 8 opened new positions — a net loss of 1 holder — while 22 trimmed existing stakes and 19 added.
The largest buyer was JP Morgan Chase, adding an estimated $16.8M. The largest seller was Citadel Advisors, cutting an estimated $394K.
- 77 institutional investors held State Street SPDR S&P Health Care Equipment ETF (XHE) as of Q4 2025, down from 79 in Q3 2025.
- Funds reported $93.9M of State Street SPDR S&P Health Care Equipment ETF stock for Q4 2025, up 113% 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.