State Street Materials Select Sector SPDR ETF
XLB
752 hedge funds and large institutions have $4.23B invested in State Street Materials Select Sector SPDR ETF in 2023 Q1 according to their latest regulatory filings, with 107 funds opening new positions, 233 increasing their positions, 279 reducing their positions, and 88 closing their positions.
22% more first-time investments, than exits
New positions opened: 107 | Existing positions closed: 88
8% more funds holding in top 10
Funds holding in top 10: 13 → 14 (+1)
0% more funds holding
Funds holding: 749 → 752 (+3)
9.69% less ownership
Funds ownership: 164.61% → 154.93% (-9.7%)
11% less capital invested
Capital invested by funds: $4.73B → $4.23B (-$506M)
16% less repeat investments, than reductions
Existing positions increased: 233 | Existing positions reduced: 279
20% less call options, than puts
Call options by funds: $3.04B | Put options by funds: $3.79B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$194M |
| 2 |
Goldman Sachs
New York
|
+$63M |
| 3 |
Charles Schwab
San Francisco,
California
|
+$59.8M |
| 4 |
CM
Churchill Management
Los Angeles,
California
|
+$56.1M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$20.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$295M |
| 2 |
Squarepoint
New York
|
-$233M |
| 3 |
California Public Employees Retirement System
Sacramento,
California
|
-$48M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$35.1M |
| 5 |
State Street
Boston,
Massachusetts
|
-$33.9M |
XLB Hedge Fund Activity: Q1 2023 in Review
752 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in State Street Materials Select Sector SPDR ETF (XLB) for Q1 2023, worth a combined $4.23B — down 11% from $4.73B a quarter earlier.
Buyers outnumbered sellers: 107 funds opened new XLB positions and 88 closed out — a net gain of 19 holders — while 233 added to existing stakes and 279 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $194M. The largest seller was Bank of America, cutting an estimated $295M.
- 752 institutional investors held State Street Materials Select Sector SPDR ETF (XLB) as of Q1 2023, up from 749 in Q4 2022.
- Funds reported $4.23B of State Street Materials Select Sector SPDR ETF stock for Q1 2023, down 11% quarter-over-quarter.
- 107 funds opened new State Street Materials Select Sector SPDR ETF positions in Q1 2023 and 88 closed out, a net change of +19 holders.
- The largest State Street Materials Select Sector SPDR ETF buyer in Q1 2023 was Morgan Stanley, an estimated $194M added.
- The largest State Street Materials Select Sector SPDR ETF seller in Q1 2023 was Bank of America, an estimated $295M sold.
Based on aggregated 13F filings for Q1 2023.