State Street Communication Services Select Sector SPDR ETF

XLC

Market cap $21.7B

XLC Hedge Fund Activity: Q1 2020 in Review

395 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in State Street Communication Services Select Sector SPDR ETF (XLC) for Q1 2020, worth a combined $5.51B — down 5.2% from $5.81B a quarter earlier.

Sellers outnumbered buyers: 88 funds closed out of XLC and 67 opened new positions — a net loss of 21 holders — while 112 trimmed existing stakes and 164 added.

The largest buyer was Wells Fargo, adding an estimated $365M. The largest seller was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, cutting an estimated $77.6M.

• 395 institutional investors held State Street Communication Services Select Sector SPDR ETF (XLC) as of Q1 2020, down from 423 in Q4 2019.
• Funds reported $5.51B of State Street Communication Services Select Sector SPDR ETF stock for Q1 2020, down 5.2% quarter-over-quarter.
• 67 funds opened new State Street Communication Services Select Sector SPDR ETF positions in Q1 2020 and 88 closed out, a net change of -21 holders.
• The largest State Street Communication Services Select Sector SPDR ETF buyer in Q1 2020 was Wells Fargo, an estimated $365M added.
• The largest State Street Communication Services Select Sector SPDR ETF seller in Q1 2020 was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, an estimated $77.6M sold.

Based on aggregated 13F filings for Q1 2020.