State Street SPDR S&P Health Care Services ETF
XHS
61 hedge funds and large institutions have $52.3M invested in State Street SPDR S&P Health Care Services ETF in 2025 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 13 increasing their positions, 14 reducing their positions, and 2 closing their positions.
450% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 2
64% more capital invested
Capital invested by funds: $31.8M → $52.3M (+$20.5M)
20.93% more ownership
Funds ownership: 41.67% → 62.6% (+21%)
17% more funds holding
Funds holding: 52 → 61 (+9)
7% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$7.93M |
| 2 |
Morgan Stanley
New York
|
+$2.52M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.92M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.21M |
| 5 |
GAG
Goodman Advisory Group
Needham,
Massachusetts
|
+$938K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
-$149K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$87K |
| 3 |
STA
Summit Trail Advisors
New York
|
-$78K |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
-$72.1K |
| 5 |
AAS
Ameritas Advisory Services
Lincoln,
Nebraska
|
-$40.2K |
XHS Hedge Fund Activity: Q4 2025 in Review
61 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Health Care Services ETF (XHS) for Q4 2025, worth a combined $52.3M — up 64% from $31.8M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new XHS positions and 2 closed out — a net gain of 9 holders — while 13 added to existing stakes and 14 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $7.93M. The largest seller was Tower Research Capital (TRC), cutting an estimated $149K.
- 61 institutional investors held State Street SPDR S&P Health Care Services ETF (XHS) as of Q4 2025, up from 52 in Q3 2025.
- Funds reported $52.3M of State Street SPDR S&P Health Care Services ETF stock for Q4 2025, up 64% quarter-over-quarter.
- 11 funds opened new State Street SPDR S&P Health Care Services ETF positions in Q4 2025 and 2 closed out, a net change of +9 holders.
- The largest State Street SPDR S&P Health Care Services ETF buyer in Q4 2025 was Goldman Sachs, an estimated $7.93M added.
- The largest State Street SPDR S&P Health Care Services ETF seller in Q4 2025 was Tower Research Capital (TRC), an estimated $149K sold.
Based on aggregated 13F filings for Q4 2025.