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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
Morgan Stanley
1
Morgan Stanley
New York
$8.86M +$5.6M +57,211 +173%
Citigroup
2
Citigroup
New York
$7.82M +$1.96M +20,000 +33%
LPL Financial
3
LPL Financial
California
$7.79M +$4.69M +47,907 +152%
Goldman Sachs
4
Goldman Sachs
New York
$5.4M – – –
Bank of America
5
Bank of America
North Carolina
$2.88M +$1.85M +18,915 +182%
Raymond James Financial
6
Raymond James Financial
Florida
$2.12M -$7.05K -72 -0.3%
Stifel Financial
7
Stifel Financial
Missouri
$1.36M +$1.36M +13,905 New
MFG
8
Merit Financial Group
Georgia
$1.2M – – –
CA
9
CoreCap Advisors
Michigan
$1.05M -$52.4K -535 -5%
STA
10
Summit Trail Advisors
New York
$989K – – –
ACM
11
Absolute Capital Management
Pennsylvania
$746K +$744K +7,600 New
ST
12
Spinnaker Trust
Maine
$657K – – –
Wells Fargo
13
Wells Fargo
California
$608K +$13.1K +134 +2%
UBS Group
14
UBS Group
Switzerland
$502K -$18.2K -186 -4%
Citadel Advisors
15
Citadel Advisors
Florida
$502K -$452K -4,617 -47%
Commonwealth Equity Services
16
Commonwealth Equity Services
Massachusetts
$336K -$56.5K -577 -14%
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$324K – – –
OCM
18
Orser Capital Management
Texas
$299K – – –
WWM
19
Western Wealth Management
Colorado
$265K – – –
Envestnet Asset Management
20
Envestnet Asset Management
Illinois
$245K -$5.29K -54 -2%
Osaic Holdings
21
Osaic Holdings
Arizona
$241K -$70.7K -722 -23%
Fidelity Investments
22
Fidelity Investments
Massachusetts
$122K – – –
NS
23
NBC Securities
Alabama
$116K +$116K +1,185 +118,500%
SSB
24
Sandy Spring Bank
Maryland
$88.8K -$3.92K -40 -4%
PNC Financial Services Group
25
PNC Financial Services Group
Pennsylvania
$86.8K +$22K +225 +34%
1
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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.