State Street Materials Select Sector SPDR ETF
690 hedge funds and large institutions have $3.56B invested in State Street Materials Select Sector SPDR ETF in 2022 Q3 according to their latest regulatory filings, with 50 funds opening new positions, 198 increasing their positions, 307 reducing their positions, and 116 closing their positions.
3.2% more ownership
Funds ownership: 146.35% → 149.55% (+3.2%)
10% less funds holding
Funds holding: 766 → 690 (-76)
25% less funds holding in top 10
Funds holding in top 10: 12 → 9 (-3)
26% less capital invested
Capital invested by funds: $4.82B → $3.56B (-$1.25B)
36% less repeat investments, than reductions
Existing positions increased: 198 | Existing positions reduced: 307
42% less call options, than puts
Call options by funds: $2.54B | Put options by funds: $4.34B
57% less first-time investments, than exits
New positions opened: 50 | Existing positions closed: 116
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$93M |
| 2 |
Goldman Sachs
New York
|
+$64.2M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$26.3M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$19.5M |
| 5 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$420M |
| 2 |
JSAM
J. Safra Asset Management
New York
|
-$123M |
| 3 |
State Street
Boston,
Massachusetts
|
-$89M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
-$54.7M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$38.8M |
XLB Hedge Fund Activity: Q3 2022 in Review
690 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in State Street Materials Select Sector SPDR ETF (XLB) for Q3 2022, worth a combined $3.56B — down 26% from $4.82B a quarter earlier.
Sellers outnumbered buyers: 116 funds closed out of XLB and 50 opened new positions — a net loss of 66 holders — while 307 trimmed existing stakes and 198 added.
The largest buyer was CIBC World Market, adding an estimated $93M. The largest seller was Bank of America, cutting an estimated $420M.
- 690 institutional investors held State Street Materials Select Sector SPDR ETF (XLB) as of Q3 2022, down from 766 in Q2 2022.
- Funds reported $3.56B of State Street Materials Select Sector SPDR ETF stock for Q3 2022, down 26% quarter-over-quarter.
- 50 funds opened new State Street Materials Select Sector SPDR ETF positions in Q3 2022 and 116 closed out, a net change of -66 holders.
- The largest State Street Materials Select Sector SPDR ETF buyer in Q3 2022 was CIBC World Market, an estimated $93M added.
- The largest State Street Materials Select Sector SPDR ETF seller in Q3 2022 was Bank of America, an estimated $420M sold.
Based on aggregated 13F filings for Q3 2022.