State Street Communication Services Select Sector SPDR ETF
650 hedge funds and large institutions have $6.8B invested in State Street Communication Services Select Sector SPDR ETF in 2022 Q4 according to their latest regulatory filings, with 147 funds opening new positions, 196 increasing their positions, 219 reducing their positions, and 74 closing their positions.
99% more first-time investments, than exits
New positions opened: 147 | Existing positions closed: 74
46% more capital inflows, than outflows
Capital inflows: $1.06B | Capital outflows: $727M
10% more funds holding
Funds holding: 590 → 650 (+60)
1.36% less ownership
Funds ownership: 87.05% → 85.69% (-1.4%)
11% less repeat investments, than reductions
Existing positions increased: 196 | Existing positions reduced: 219
38% less funds holding in top 10
Funds holding in top 10: 13 → 8 (-5)
43% less call options, than puts
Call options by funds: $120M | Put options by funds: $210M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fisher Asset Management
Camas,
Washington
|
+$284M |
| 2 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$150M |
| 3 |
JP Morgan Chase
New York
|
+$109M |
| 4 |
Hartford Investment Management Co (HIMCO)
Hartford,
Connecticut
|
+$56M |
| 5 |
Barclays
London,
United Kingdom
|
+$50.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$123M |
| 2 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$69.3M |
| 3 |
Two Sigma Advisers
New York
|
-$38.1M |
| 4 |
Prudential Financial
Newark,
New Jersey
|
-$32.5M |
| 5 |
Millennium Management
New York
|
-$26.5M |
XLC Hedge Fund Activity: Q4 2022 in Review
650 of the 6,243 institutional investors tracked by Wall St. Rank reported a position in State Street Communication Services Select Sector SPDR ETF (XLC) for Q4 2022, worth a combined $6.8B — up 2.4% from $6.64B a quarter earlier.
Buyers outnumbered sellers: 147 funds opened new XLC positions and 74 closed out — a net gain of 73 holders — while 196 added to existing stakes and 219 trimmed.
The largest buyer was Fisher Asset Management, adding an estimated $284M. The largest seller was Bank of America, cutting an estimated $123M.
- 650 institutional investors held State Street Communication Services Select Sector SPDR ETF (XLC) as of Q4 2022, up from 590 in Q3 2022.
- Funds reported $6.8B of State Street Communication Services Select Sector SPDR ETF stock for Q4 2022, up 2.4% quarter-over-quarter.
- 147 funds opened new State Street Communication Services Select Sector SPDR ETF positions in Q4 2022 and 74 closed out, a net change of +73 holders.
- The largest State Street Communication Services Select Sector SPDR ETF buyer in Q4 2022 was Fisher Asset Management, an estimated $284M added.
- The largest State Street Communication Services Select Sector SPDR ETF seller in Q4 2022 was Bank of America, an estimated $123M sold.
Based on aggregated 13F filings for Q4 2022.