State Street Materials Select Sector SPDR ETF
769 hedge funds and large institutions have $4.45B invested in State Street Materials Select Sector SPDR ETF in 2025 Q2 according to their latest regulatory filings, with 78 funds opening new positions, 243 increasing their positions, 297 reducing their positions, and 78 closing their positions.
22% more funds holding in top 10
Funds holding in top 10: 9 → 11 (+2)
0% more first-time investments, than exits
New positions opened: 78 | Existing positions closed: 78
2% less funds holding
Funds holding: 782 → 769 (-13)
10% less capital invested
Capital invested by funds: $4.94B → $4.45B (-$495M)
18% less repeat investments, than reductions
Existing positions increased: 243 | Existing positions reduced: 297
19.91% less ownership
Funds ownership: 187.79% → 167.88% (-20%)
31% less call options, than puts
Call options by funds: $2.29B | Put options by funds: $3.33B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barclays
London,
United Kingdom
|
+$383M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
+$173M |
| 3 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$61.2M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$25.7M |
| 5 |
BCIM
British Columbia Investment Management
Victoria,
British Columbia, Canada
|
+$23.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$240M |
| 2 |
Morgan Stanley
New York
|
-$148M |
| 3 |
QC
Quadrature Capital
London,
United Kingdom
|
-$99.2M |
| 4 |
Two Sigma Investments
New York
|
-$90M |
| 5 |
Millennium Management
New York
|
-$88.4M |
XLB Hedge Fund Activity: Q2 2025 in Review
769 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in State Street Materials Select Sector SPDR ETF (XLB) for Q2 2025, worth a combined $4.45B — down 10% from $4.94B a quarter earlier.
Fund positioning in XLB was balanced in Q2 2025: 78 funds opened new positions, 78 closed out, 243 added to existing stakes and 297 trimmed.
The largest buyer was Barclays, adding an estimated $383M. The largest seller was Goldman Sachs, cutting an estimated $240M.
- 769 institutional investors held State Street Materials Select Sector SPDR ETF (XLB) as of Q2 2025, down from 782 in Q1 2025.
- Funds reported $4.45B of State Street Materials Select Sector SPDR ETF stock for Q2 2025, down 10% quarter-over-quarter.
- 78 funds opened new State Street Materials Select Sector SPDR ETF positions in Q2 2025 and 78 closed out, a net change of 0 holders.
- The largest State Street Materials Select Sector SPDR ETF buyer in Q2 2025 was Barclays, an estimated $383M added.
- The largest State Street Materials Select Sector SPDR ETF seller in Q2 2025 was Goldman Sachs, an estimated $240M sold.
Based on aggregated 13F filings for Q2 2025.