State Street Materials Select Sector SPDR ETF
772 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 77 funds opening new positions, 246 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)
1% less first-time investments, than exits
New positions opened: 77 | Existing positions closed: 78
2% less funds holding
Funds holding: 786 → 772 (-14)
10.37% less ownership
Funds ownership: 93.91% → 83.54% (-10%)
17% less repeat investments, than reductions
Existing positions increased: 246 | Existing positions reduced: 297
31% less call options, than puts
Call options by funds: $2.29B | Put options by funds: $3.33B
37% less capital inflows, than outflows
Capital inflows: $948M | Capital outflows: $1.49B
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 |
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 |
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
772 of the 7,621 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.
Sellers outnumbered buyers: 78 funds closed out of XLB and 77 opened new positions — a net loss of 1 holder — while 297 trimmed existing stakes and 246 added.
The largest buyer was Barclays, adding an estimated $383M. The largest seller was Goldman Sachs, cutting an estimated $240M.
- 772 institutional investors held State Street Materials Select Sector SPDR ETF (XLB) as of Q2 2025, down from 786 in Q1 2025.
- Funds reported $4.45B of State Street Materials Select Sector SPDR ETF stock for Q2 2025, down 10% quarter-over-quarter.
- 77 funds opened new State Street Materials Select Sector SPDR ETF positions in Q2 2025 and 78 closed out, a net change of -1 holder.
- 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.