State Street Materials Select Sector SPDR ETF
902 hedge funds and large institutions have $5.75B invested in State Street Materials Select Sector SPDR ETF in 2026 Q1 according to their latest regulatory filings, with 176 funds opening new positions, 334 increasing their positions, 243 reducing their positions, and 70 closing their positions.
151% more first-time investments, than exits
New positions opened: 176 | Existing positions closed: 70
42% more funds holding in top 10
Funds holding in top 10: 12 → 17 (+5)
37% more repeat investments, than reductions
Existing positions increased: 334 | Existing positions reduced: 243
30% more capital invested
Capital invested by funds: $4.42B → $5.75B (+$1.33B)
12% more funds holding
Funds holding: 808 → 902 (+94)
6.33% more ownership
Funds ownership: 81.38% → 87.71% (+6.3%)
28% less call options, than puts
Call options by funds: $3.47B | Put options by funds: $4.8B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
+$238M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$143M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$125M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$108M |
| 5 |
IG
ING Group
Amsterdam,
Netherlands
|
+$102M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$184M |
| 2 |
Barclays
London,
United Kingdom
|
-$113M |
| 3 |
Millennium Management
New York
|
-$83.6M |
| 4 |
Jane Street
New York
|
-$63.8M |
| 5 |
FMI
Factory Mutual Insurance
Waltham,
Massachusetts
|
-$59.8M |
XLB Hedge Fund Activity: Q1 2026 in Review
902 of the 8,186 institutional investors tracked by Wall St. Rank reported a position in State Street Materials Select Sector SPDR ETF (XLB) for Q1 2026, worth a combined $5.75B — up 30% from $4.42B a quarter earlier.
Buyers outnumbered sellers: 176 funds opened new XLB positions and 70 closed out — a net gain of 106 holders — while 334 added to existing stakes and 243 trimmed.
The largest buyer was BNP Paribas Financial Markets, adding an estimated $238M. The largest seller was Susquehanna International Group, cutting an estimated $184M.
- 902 institutional investors held State Street Materials Select Sector SPDR ETF (XLB) as of Q1 2026, up from 808 in Q4 2025.
- Funds reported $5.75B of State Street Materials Select Sector SPDR ETF stock for Q1 2026, up 30% quarter-over-quarter.
- 176 funds opened new State Street Materials Select Sector SPDR ETF positions in Q1 2026 and 70 closed out, a net change of +106 holders.
- The largest State Street Materials Select Sector SPDR ETF buyer in Q1 2026 was BNP Paribas Financial Markets, an estimated $238M added.
- The largest State Street Materials Select Sector SPDR ETF seller in Q1 2026 was Susquehanna International Group, an estimated $184M sold.
Based on aggregated 13F filings for Q1 2026.