State Street Materials Select Sector SPDR ETF
808 hedge funds and large institutions have $4.42B invested in State Street Materials Select Sector SPDR ETF in 2025 Q4 according to their latest regulatory filings, with 131 funds opening new positions, 263 increasing their positions, 273 reducing their positions, and 81 closing their positions.
62% more first-time investments, than exits
New positions opened: 131 | Existing positions closed: 81
5% more funds holding
Funds holding: 773 → 808 (+35)
0% more funds holding in top 10
Funds holding in top 10: 12 → 12 (0)
2% less capital invested
Capital invested by funds: $4.51B → $4.42B (-$93.5M)
4% less repeat investments, than reductions
Existing positions increased: 263 | Existing positions reduced: 273
38% less call options, than puts
Call options by funds: $2.34B | Put options by funds: $3.79B
81.54% less ownership
Funds ownership: 162.92% → 81.38% (-82%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$135M |
| 2 |
MMEA
Main Management ETF Advisors
San Francisco,
California
|
+$70.9M |
| 3 |
Millennium Management
New York
|
+$69.5M |
| 4 |
Jane Street
New York
|
+$60.2M |
| 5 |
QIM
Quantitative Investment Management
Charlottesville,
Virginia
|
+$49.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barclays
London,
United Kingdom
|
-$385M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
-$74.8M |
| 3 |
HIIFS
Harel Insurance Investments & Financial Services
Ramat Gan,
Israel
|
-$48.6M |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$44.9M |
| 5 |
CM
Caption Management
Oklahoma City,
Oklahoma
|
-$24M |
XLB Hedge Fund Activity: Q4 2025 in Review
808 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in State Street Materials Select Sector SPDR ETF (XLB) for Q4 2025, worth a combined $4.42B — down 2.1% from $4.51B a quarter earlier.
Buyers outnumbered sellers: 131 funds opened new XLB positions and 81 closed out — a net gain of 50 holders — while 263 added to existing stakes and 273 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $135M. The largest seller was Barclays, cutting an estimated $385M.
- 808 institutional investors held State Street Materials Select Sector SPDR ETF (XLB) as of Q4 2025, up from 773 in Q3 2025.
- Funds reported $4.42B of State Street Materials Select Sector SPDR ETF stock for Q4 2025, down 2.1% quarter-over-quarter.
- 131 funds opened new State Street Materials Select Sector SPDR ETF positions in Q4 2025 and 81 closed out, a net change of +50 holders.
- The largest State Street Materials Select Sector SPDR ETF buyer in Q4 2025 was Susquehanna International Group, an estimated $135M added.
- The largest State Street Materials Select Sector SPDR ETF seller in Q4 2025 was Barclays, an estimated $385M sold.
Based on aggregated 13F filings for Q4 2025.