State Street SPDR S&P Health Care Services ETF
XHS
52 hedge funds and large institutions have $31.8M invested in State Street SPDR S&P Health Care Services ETF in 2025 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 8 increasing their positions, 14 reducing their positions, and 7 closing their positions.
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
2% more funds holding
Funds holding: 51 → 52 (+1)
10.18% less ownership
Funds ownership: 51.85% → 41.67% (-10%)
28% less capital invested
Capital invested by funds: $44.5M → $31.8M (-$12.6M)
43% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KPWS
Kestra Private Wealth Services
Austin,
Texas
|
+$247K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$222K |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
+$221K |
| 4 |
KFS
Kaizen Financial Strategies
Campbell,
California
|
+$192K |
| 5 |
GAG
Goodman Advisory Group
Needham,
Massachusetts
|
+$155K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.95M |
| 2 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$2.92M |
| 3 |
LPL Financial
San Diego,
California
|
-$2.14M |
| 4 |
Citigroup
New York
|
-$1.92M |
| 5 |
Goldman Sachs
New York
|
-$1.43M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SA
51
Scarborough Advisors
Annapolis,
Maryland
| $2.94K | – | – | – |
|
|
RIA
52
Realta Investment Advisors
Wilmington,
Delaware
| $1.83K | +$1.72K | +18 | New |
|
|
HNB
53
Huntington National Bank
Columbus,
Ohio
| $203 | – | – | – |
|
|
KAS
54
Kestra Advisory Services
Austin,
Texas
| – | -$2.92M | -29,318 | Closed |
|
|
ACM
55
Absolute Capital Management
Pittsburgh,
Pennsylvania
| – | -$757K | -7,600 | Closed |
|
56
Citadel Advisors
Miami,
Florida
| – | -$388K | -3,900 | Closed |
|
|
WWM
57
Western Wealth Management
Golden,
Colorado
| – | -$230K | -2,310 | Closed |
|
58
Simplex Trading
Chicago,
Illinois
| – | -$39K | -393 | Closed |
|
|
AAP
59
Arax Advisory Partners
Denver,
Colorado
| – | -$27.6K | -277 | Closed |
|
|
SPIA
60
Steward Partners Investment Advisory
New York
| – | -$16.8K | -169 | Closed |
|
XHS Hedge Fund Activity: Q3 2025 in Review
52 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Health Care Services ETF (XHS) for Q3 2025, worth a combined $31.8M — down 28% from $44.5M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new XHS positions and 7 closed out — a net gain of 1 holder — while 8 added to existing stakes and 14 trimmed.
The largest buyer was Kestra Private Wealth Services, opening a new position worth an estimated $247K. The largest seller was Morgan Stanley, cutting an estimated $2.95M.
- 52 institutional investors held State Street SPDR S&P Health Care Services ETF (XHS) as of Q3 2025, up from 51 in Q2 2025.
- Funds reported $31.8M of State Street SPDR S&P Health Care Services ETF stock for Q3 2025, down 28% quarter-over-quarter.
- 8 funds opened new State Street SPDR S&P Health Care Services ETF positions in Q3 2025 and 7 closed out, a net change of +1 holder.
- The largest State Street SPDR S&P Health Care Services ETF buyer in Q3 2025 was Kestra Private Wealth Services, an estimated $247K added.
- The largest State Street SPDR S&P Health Care Services ETF seller in Q3 2025 was Morgan Stanley, an estimated $2.95M sold.
Based on aggregated 13F filings for Q3 2025.