State Street Communication Services Select Sector SPDR ETF
631 hedge funds and large institutions have $7.96B invested in State Street Communication Services Select Sector SPDR ETF in 2022 Q2 according to their latest regulatory filings, with 74 funds opening new positions, 235 increasing their positions, 222 reducing their positions, and 93 closing their positions.
2.92% more ownership
Funds ownership: 82.73% → 85.65% (+2.9%)
6% more repeat investments, than reductions
Existing positions increased: 235 | Existing positions reduced: 222
4% less funds holding
Funds holding: 659 → 631 (-28)
20% less funds holding in top 10
Funds holding in top 10: 20 → 16 (-4)
20% less first-time investments, than exits
New positions opened: 74 | Existing positions closed: 93
21% less capital invested
Capital invested by funds: $10B → $7.96B (-$2.07B)
57% less call options, than puts
Call options by funds: $60.6M | Put options by funds: $143M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
WestEnd Advisors
Charlotte,
North Carolina
|
+$272M |
| 2 |
APF
Alaska Permanent Fund
Juneau,
Alaska
|
+$146M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$124M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$111M |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$102M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$628M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$261M |
| 3 |
LPL Financial
San Diego,
California
|
-$74.5M |
| 4 |
Charles Schwab
San Francisco,
California
|
-$61.8M |
| 5 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$46M |
XLC Hedge Fund Activity: Q2 2022 in Review
631 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in State Street Communication Services Select Sector SPDR ETF (XLC) for Q2 2022, worth a combined $7.96B — down 21% from $10B a quarter earlier.
Sellers outnumbered buyers: 93 funds closed out of XLC and 74 opened new positions — a net loss of 19 holders — while 222 trimmed existing stakes and 235 added.
The largest buyer was WestEnd Advisors, opening a new position worth an estimated $272M. The largest seller was Bank of America, cutting an estimated $628M.
- 631 institutional investors held State Street Communication Services Select Sector SPDR ETF (XLC) as of Q2 2022, down from 659 in Q1 2022.
- Funds reported $7.96B of State Street Communication Services Select Sector SPDR ETF stock for Q2 2022, down 21% quarter-over-quarter.
- 74 funds opened new State Street Communication Services Select Sector SPDR ETF positions in Q2 2022 and 93 closed out, a net change of -19 holders.
- The largest State Street Communication Services Select Sector SPDR ETF buyer in Q2 2022 was WestEnd Advisors, an estimated $272M added.
- The largest State Street Communication Services Select Sector SPDR ETF seller in Q2 2022 was Bank of America, an estimated $628M sold.
Based on aggregated 13F filings for Q2 2022.