State Street Materials Select Sector SPDR ETF
782 hedge funds and large institutions have $4.94B invested in State Street Materials Select Sector SPDR ETF in 2025 Q1 according to their latest regulatory filings, with 86 funds opening new positions, 254 increasing their positions, 291 reducing their positions, and 103 closing their positions.
13% more funds holding in top 10
Funds holding in top 10: 8 → 9 (+1)
0.96% more ownership
Funds ownership: 186.83% → 187.79% (+0.96%)
4% less funds holding
Funds holding: 813 → 782 (-31)
8% less capital invested
Capital invested by funds: $5.36B → $4.94B (-$417M)
13% less repeat investments, than reductions
Existing positions increased: 254 | Existing positions reduced: 291
17% less first-time investments, than exits
New positions opened: 86 | Existing positions closed: 103
34% less call options, than puts
Call options by funds: $2.13B | Put options by funds: $3.22B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QC
Quadrature Capital
London,
United Kingdom
|
+$99M |
| 2 |
Two Sigma Investments
New York
|
+$91.5M |
| 3 |
Millennium Management
New York
|
+$82.6M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$73.2M |
| 5 |
Marshall Wace
London,
United Kingdom
|
+$70.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barclays
London,
United Kingdom
|
-$432M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
-$184M |
| 3 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$126M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$53.2M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$51.9M |
XLB Hedge Fund Activity: Q1 2025 in Review
782 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in State Street Materials Select Sector SPDR ETF (XLB) for Q1 2025, worth a combined $4.94B — down 7.8% from $5.36B a quarter earlier.
Sellers outnumbered buyers: 103 funds closed out of XLB and 86 opened new positions — a net loss of 17 holders — while 291 trimmed existing stakes and 254 added.
The largest buyer was Quadrature Capital, adding an estimated $99M. The largest seller was Barclays, cutting an estimated $432M.
- 782 institutional investors held State Street Materials Select Sector SPDR ETF (XLB) as of Q1 2025, down from 813 in Q4 2024.
- Funds reported $4.94B of State Street Materials Select Sector SPDR ETF stock for Q1 2025, down 7.8% quarter-over-quarter.
- 86 funds opened new State Street Materials Select Sector SPDR ETF positions in Q1 2025 and 103 closed out, a net change of -17 holders.
- The largest State Street Materials Select Sector SPDR ETF buyer in Q1 2025 was Quadrature Capital, an estimated $99M added.
- The largest State Street Materials Select Sector SPDR ETF seller in Q1 2025 was Barclays, an estimated $432M sold.
Based on aggregated 13F filings for Q1 2025.