State Street Communication Services Select Sector SPDR ETF
1,136 hedge funds and large institutions have $23.6B invested in State Street Communication Services Select Sector SPDR ETF in 2025 Q3 according to their latest regulatory filings, with 108 funds opening new positions, 444 increasing their positions, 402 reducing their positions, and 63 closing their positions.
71% more first-time investments, than exits
New positions opened: 108 | Existing positions closed: 63
12% more capital invested
Capital invested by funds: $21B → $23.6B (+$2.61B)
10% more repeat investments, than reductions
Existing positions increased: 444 | Existing positions reduced: 402
6% more funds holding in top 10
Funds holding in top 10: 62 → 66 (+4)
2% more funds holding
Funds holding: 1,111 → 1,136 (+25)
3.55% less ownership
Funds ownership: 87.05% → 83.5% (-3.5%)
16% less call options, than puts
Call options by funds: $262M | Put options by funds: $311M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$509M |
| 2 |
Barclays
London,
United Kingdom
|
+$335M |
| 3 |
Squarepoint
New York
|
+$317M |
| 4 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$156M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$122M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$276M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$198M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$139M |
| 4 |
SG Americas Securities
New York
|
-$105M |
| 5 |
MMH
Menora Mivtachim Holdings
Ramat Gan,
Israel
|
-$75.1M |
XLC Hedge Fund Activity: Q3 2025 in Review
1,136 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in State Street Communication Services Select Sector SPDR ETF (XLC) for Q3 2025, worth a combined $23.6B — up 12% from $21B a quarter earlier.
Buyers outnumbered sellers: 108 funds opened new XLC positions and 63 closed out — a net gain of 45 holders — while 444 added to existing stakes and 402 trimmed.
The largest buyer was Focus Partners Wealth, adding an estimated $509M. The largest seller was Morgan Stanley, cutting an estimated $276M.
- 1,136 institutional investors held State Street Communication Services Select Sector SPDR ETF (XLC) as of Q3 2025, up from 1,111 in Q2 2025.
- Funds reported $23.6B of State Street Communication Services Select Sector SPDR ETF stock for Q3 2025, up 12% quarter-over-quarter.
- 108 funds opened new State Street Communication Services Select Sector SPDR ETF positions in Q3 2025 and 63 closed out, a net change of +45 holders.
- The largest State Street Communication Services Select Sector SPDR ETF buyer in Q3 2025 was Focus Partners Wealth, an estimated $509M added.
- The largest State Street Communication Services Select Sector SPDR ETF seller in Q3 2025 was Morgan Stanley, an estimated $276M sold.
Based on aggregated 13F filings for Q3 2025.