State Street Materials Select Sector SPDR ETF
736 hedge funds and large institutions have $3.96B invested in State Street Materials Select Sector SPDR ETF in 2023 Q3 according to their latest regulatory filings, with 88 funds opening new positions, 249 increasing their positions, 259 reducing their positions, and 81 closing their positions.
9% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 81
1% less funds holding
Funds holding: 741 → 736 (-5)
4% less repeat investments, than reductions
Existing positions increased: 249 | Existing positions reduced: 259
9% less funds holding in top 10
Funds holding in top 10: 11 → 10 (-1)
11.7% less ownership
Funds ownership: 90.02% → 78.32% (-12%)
29% less call options, than puts
Call options by funds: $2.62B | Put options by funds: $3.71B
61% less capital inflows, than outflows
Capital inflows: $686M | Capital outflows: $1.78B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Churchill Management
Los Angeles,
California
|
+$67.6M |
| 2 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$56.2M |
| 3 |
Morgan Stanley
New York
|
+$52M |
| 4 |
Prudential Financial
Newark,
New Jersey
|
+$46.7M |
| 5 |
Factory Mutual Insurance
Waltham,
Massachusetts
|
+$44.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barclays
London,
United Kingdom
|
-$1.12B |
| 2 |
Goldman Sachs
New York
|
-$76.6M |
| 3 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$75.2M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$68.1M |
| 5 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$41.4M |
XLB Hedge Fund Activity: Q3 2023 in Review
736 of the 6,316 institutional investors tracked by Wall St. Rank reported a position in State Street Materials Select Sector SPDR ETF (XLB) for Q3 2023, worth a combined $3.96B — down 25% from $5.28B a quarter earlier.
Buyers outnumbered sellers: 88 funds opened new XLB positions and 81 closed out — a net gain of 7 holders — while 249 added to existing stakes and 259 trimmed.
The largest buyer was Churchill Management, opening a new position worth an estimated $67.6M. The largest seller was Barclays, cutting an estimated $1.12B.
- 736 institutional investors held State Street Materials Select Sector SPDR ETF (XLB) as of Q3 2023, down from 741 in Q2 2023.
- Funds reported $3.96B of State Street Materials Select Sector SPDR ETF stock for Q3 2023, down 25% quarter-over-quarter.
- 88 funds opened new State Street Materials Select Sector SPDR ETF positions in Q3 2023 and 81 closed out, a net change of +7 holders.
- The largest State Street Materials Select Sector SPDR ETF buyer in Q3 2023 was Churchill Management, an estimated $67.6M added.
- The largest State Street Materials Select Sector SPDR ETF seller in Q3 2023 was Barclays, an estimated $1.12B sold.
Based on aggregated 13F filings for Q3 2023.