State Street Communication Services Select Sector SPDR ETF
741 hedge funds and large institutions have $12B invested in State Street Communication Services Select Sector SPDR ETF in 2023 Q2 according to their latest regulatory filings, with 134 funds opening new positions, 265 increasing their positions, 226 reducing their positions, and 40 closing their positions.
235% more first-time investments, than exits
New positions opened: 134 | Existing positions closed: 40
113% more funds holding in top 10
Funds holding in top 10: 15 → 32 (+17)
36% more capital invested
Capital invested by funds: $8.78B → $12B (+$3.18B)
17% more repeat investments, than reductions
Existing positions increased: 265 | Existing positions reduced: 226
14% more funds holding
Funds holding: 652 → 741 (+89)
3.05% more ownership
Funds ownership: 88.9% → 91.95% (+3%)
23% less call options, than puts
Call options by funds: $361M | Put options by funds: $469M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barclays
London,
United Kingdom
|
+$803M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$526M |
| 3 |
WA
WestEnd Advisors
Charlotte,
North Carolina
|
+$181M |
| 4 |
CM
Churchill Management
Los Angeles,
California
|
+$111M |
| 5 |
Charles Schwab
San Francisco,
California
|
+$86.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$159M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$83.7M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$34.2M |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$30.8M |
| 5 |
AM
AGF Management
Toronto,
Ontario, Canada
|
-$30.6M |
XLC Hedge Fund Activity: Q2 2023 in Review
741 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in State Street Communication Services Select Sector SPDR ETF (XLC) for Q2 2023, worth a combined $12B — up 36% from $8.78B a quarter earlier.
Buyers outnumbered sellers: 134 funds opened new XLC positions and 40 closed out — a net gain of 94 holders — while 265 added to existing stakes and 226 trimmed.
The largest buyer was Barclays, adding an estimated $803M. The largest seller was Millennium Management, cutting an estimated $159M.
- 741 institutional investors held State Street Communication Services Select Sector SPDR ETF (XLC) as of Q2 2023, up from 652 in Q1 2023.
- Funds reported $12B of State Street Communication Services Select Sector SPDR ETF stock for Q2 2023, up 36% quarter-over-quarter.
- 134 funds opened new State Street Communication Services Select Sector SPDR ETF positions in Q2 2023 and 40 closed out, a net change of +94 holders.
- The largest State Street Communication Services Select Sector SPDR ETF buyer in Q2 2023 was Barclays, an estimated $803M added.
- The largest State Street Communication Services Select Sector SPDR ETF seller in Q2 2023 was Millennium Management, an estimated $159M sold.
Based on aggregated 13F filings for Q2 2023.