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State Street SPDR S&P Health Care Services ETF
XHS

48 hedge funds and large institutions have $45.2M invested in State Street SPDR S&P Health Care Services ETF in 2025 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 10 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more capital invested

Capital invested by funds: $29.2M → $45.2M (+$16M)

20% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 5

10.17% more ownership

Funds ownership: 40.86% → 51.03% (+10%)

2% more funds holding

Funds holding: 47 → 48 (+1)

20% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 10

Holders
48
Holders Change
+1
Holders Change %
+2.13%
% of All Funds
0.64%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
8
Reduced
10
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$5.6M
2
LPL Financial
LPL Financial
California
+$4.69M
3
Citigroup
Citigroup
New York
+$1.96M
4
Bank of America
Bank of America
North Carolina
+$1.85M
5
Stifel Financial
Stifel Financial
Missouri
+$1.36M

Top Sellers

Rank Fund Capital Flow
1
TRCT
Tower Research Capital (TRC)
New York
-$856K
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$526K
3
Citadel Advisors
Citadel Advisors
Florida
-$452K
4
Two Sigma Investments
Two Sigma Investments
New York
-$397K
5
RWP
RWA Wealth Partners
Massachusetts
-$207K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of Montreal
26
Bank of Montreal
Ontario, Canada
$73.4K – – –
GEA
27
Glen Eagle Advisors
New Jersey
$68.3K – – –
Qube Research & Technologies (QRT)
28
Qube Research & Technologies (QRT)
United Kingdom
$62.4K -$1.27K -13 -2%
National Bank of Canada
29
National Bank of Canada
Quebec, Canada
$46.5K – – –
TC
30
Truvestments Capital
Florida
$44.6K – – –
CIAS
31
Capital Investment Advisory Services
North Carolina
$41.2K +$98 +1 +0.2%
Carson Wealth (CWM LLC)
32
Carson Wealth (CWM LLC)
Nebraska
$39K – – –
AAP
33
Arax Advisory Partners
Colorado
$27.2K +$27.1K +277 New
NA
34
NewEdge Advisors
Louisiana
$20.1K -$4.9K -50 -20%
MTIC
35
Missouri Trust & Investment Company
Missouri
$19.6K – – –
AWM
36
AE Wealth Management
Kansas
$16.3K +$16.3K +166 New
FDCDDQ
37
Federation des caisses Desjardins du Quebec
Quebec, Canada
$15.7K – – –
WAG
38
Wiser Advisor Group
Arizona
$11K – – –
Northwestern Mutual Wealth Management
39
Northwestern Mutual Wealth Management
Wisconsin
$9.81K – – –
PMFA
40
Plante Moran Financial Advisors
Michigan
$8.34K – – –
William Blair & Company
41
William Blair & Company
Illinois
$7.36K – – –
AF
42
Allworth Financial
California
$6.27K – – –
GSWM
43
Golden State Wealth Management
California
$5.4K – – –
GWSG
44
GPS Wealth Strategies Group
Colorado
$5K – – –
PS
45
Principal Securities
Iowa
$4.51K – – –
IA
46
IFP Advisors
Florida
$3.92K +$3.92K +40 New
CPBTD
47
Central Pacific Bank - Trust Division
Hawaii
$3.14K – – –
Jones Financial Companies
48
Jones Financial Companies
Missouri
$1.46K +$1.47K +15 New
HNB
49
Huntington National Bank
Ohio
$196 – – –
TRCT
50
Tower Research Capital (TRC)
New York
– -$856K -9,497 Closed
1
2
3

XHS Hedge Fund Activity: Q1 2025 in Review

48 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Health Care Services ETF (XHS) for Q1 2025, worth a combined $45.2M — up 55% from $29.2M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new XHS positions and 5 closed out — a net gain of 1 holder — while 8 added to existing stakes and 10 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $5.6M. The largest seller was Tower Research Capital (TRC), exiting entirely with an estimated $856K sold.

  • 48 institutional investors held State Street SPDR S&P Health Care Services ETF (XHS) as of Q1 2025, up from 47 in Q4 2024.
  • Funds reported $45.2M of State Street SPDR S&P Health Care Services ETF stock for Q1 2025, up 55% quarter-over-quarter.
  • 6 funds opened new State Street SPDR S&P Health Care Services ETF positions in Q1 2025 and 5 closed out, a net change of +1 holder.
  • The largest State Street SPDR S&P Health Care Services ETF buyer in Q1 2025 was Morgan Stanley, an estimated $5.6M added.
  • The largest State Street SPDR S&P Health Care Services ETF seller in Q1 2025 was Tower Research Capital (TRC), an estimated $856K sold.

Based on aggregated 13F filings for Q1 2025.