State Street Materials Select Sector SPDR ETF
924 hedge funds and large institutions have $6.65B invested in State Street Materials Select Sector SPDR ETF in 2026 Q2 according to their latest regulatory filings, with 130 funds opening new positions, 367 increasing their positions, 267 reducing their positions, and 91 closing their positions.
43% more first-time investments, than exits
New positions opened: 130 | Existing positions closed: 91
37% more repeat investments, than reductions
Existing positions increased: 367 | Existing positions reduced: 267
16% more capital invested
Capital invested by funds: $5.75B → $6.65B (+$901M)
3% more funds holding
Funds holding: 901 → 924 (+23)
2% more call options, than puts
Call options by funds: $3.18B | Put options by funds: $3.12B
6.25% less ownership
Funds ownership: 87.63% → 81.39% (-6.2%)
18% less funds holding in top 10
Funds holding in top 10: 17 → 14 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$219M |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
+$140M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$139M |
| 4 |
SMFG
Sumitomo Mitsui Financial Group
Tokyo,
Japan
|
+$125M |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
+$115M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
-$242M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$117M |
| 3 |
MMH
Menora Mivtachim Holdings
Ramat Gan,
Israel
|
-$111M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$107M |
| 5 |
JP Morgan Chase
New York
|
-$65.3M |
XLB Hedge Fund Activity: Q2 2026 in Review
924 of the 8,279 institutional investors tracked by Wall St. Rank reported a position in State Street Materials Select Sector SPDR ETF (XLB) for Q2 2026, worth a combined $6.65B — up 16% from $5.75B a quarter earlier.
Buyers outnumbered sellers: 130 funds opened new XLB positions and 91 closed out — a net gain of 39 holders — while 367 added to existing stakes and 267 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $219M. The largest seller was BNP Paribas Financial Markets, cutting an estimated $242M.
- 924 institutional investors held State Street Materials Select Sector SPDR ETF (XLB) as of Q2 2026, up from 901 in Q1 2026.
- Funds reported $6.65B of State Street Materials Select Sector SPDR ETF stock for Q2 2026, up 16% quarter-over-quarter.
- 130 funds opened new State Street Materials Select Sector SPDR ETF positions in Q2 2026 and 91 closed out, a net change of +39 holders.
- The largest State Street Materials Select Sector SPDR ETF buyer in Q2 2026 was Envestnet Asset Management, an estimated $219M added.
- The largest State Street Materials Select Sector SPDR ETF seller in Q2 2026 was BNP Paribas Financial Markets, an estimated $242M sold.
Based on aggregated 13F filings for Q2 2026.