State Street Communication Services Select Sector SPDR ETF
653 hedge funds and large institutions have $8.79B invested in State Street Communication Services Select Sector SPDR ETF in 2023 Q1 according to their latest regulatory filings, with 104 funds opening new positions, 223 increasing their positions, 246 reducing their positions, and 87 closing their positions.
88% more funds holding in top 10
Funds holding in top 10: 8 → 15 (+7)
34% more capital inflows, than outflows
Capital inflows: $1.51B | Capital outflows: $1.12B
20% more first-time investments, than exits
New positions opened: 104 | Existing positions closed: 87
3.21% more ownership
Funds ownership: 85.69% → 88.9% (+3.2%)
0% more funds holding
Funds holding: 650 → 653 (+3)
9% less repeat investments, than reductions
Existing positions increased: 223 | Existing positions reduced: 246
14% less call options, than puts
Call options by funds: $294M | Put options by funds: $342M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barclays
London,
United Kingdom
|
+$199M |
| 2 |
Churchill Management
Los Angeles,
California
|
+$154M |
| 3 |
Millennium Management
New York
|
+$148M |
| 4 |
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
+$110M |
| 5 |
Meitav Investment House
Bene-Beraq,
Israel
|
+$99.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$194M |
| 2 |
WestEnd Advisors
Charlotte,
North Carolina
|
-$174M |
| 3 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$110M |
| 4 |
Fisher Asset Management
Camas,
Washington
|
-$101M |
| 5 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$59.8M |
XLC Hedge Fund Activity: Q1 2023 in Review
653 of the 6,289 institutional investors tracked by Wall St. Rank reported a position in State Street Communication Services Select Sector SPDR ETF (XLC) for Q1 2023, worth a combined $8.79B — up 29% from $6.8B a quarter earlier.
Buyers outnumbered sellers: 104 funds opened new XLC positions and 87 closed out — a net gain of 17 holders — while 223 added to existing stakes and 246 trimmed.
The largest buyer was Barclays, adding an estimated $199M. The largest seller was Bank of America, cutting an estimated $194M.
- 653 institutional investors held State Street Communication Services Select Sector SPDR ETF (XLC) as of Q1 2023, up from 650 in Q4 2022.
- Funds reported $8.79B of State Street Communication Services Select Sector SPDR ETF stock for Q1 2023, up 29% quarter-over-quarter.
- 104 funds opened new State Street Communication Services Select Sector SPDR ETF positions in Q1 2023 and 87 closed out, a net change of +17 holders.
- The largest State Street Communication Services Select Sector SPDR ETF buyer in Q1 2023 was Barclays, an estimated $199M added.
- The largest State Street Communication Services Select Sector SPDR ETF seller in Q1 2023 was Bank of America, an estimated $194M sold.
Based on aggregated 13F filings for Q1 2023.