State Street Communication Services Select Sector SPDR ETF
743 hedge funds and large institutions have $11.4B invested in State Street Communication Services Select Sector SPDR ETF in 2023 Q3 according to their latest regulatory filings, with 83 funds opening new positions, 301 increasing their positions, 246 reducing their positions, and 69 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 301 | Existing positions reduced: 246
20% more first-time investments, than exits
New positions opened: 83 | Existing positions closed: 69
0% more funds holding
Funds holding: 742 → 743 (+1)
0% more funds holding in top 10
Funds holding in top 10: 32 → 32 (0)
5.64% less ownership
Funds ownership: 91.86% → 86.21% (-5.6%)
36% less call options, than puts
Call options by funds: $343M | Put options by funds: $539M
40% less capital inflows, than outflows
Capital inflows: $1.01B | Capital outflows: $1.69B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$107M |
| 2 |
Charles Schwab
San Francisco,
California
|
+$58.3M |
| 3 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$55.9M |
| 4 |
Two Sigma Investments
New York
|
+$47.5M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$39.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barclays
London,
United Kingdom
|
-$958M |
| 2 |
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
-$175M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$100M |
| 4 |
E
Ergoteles
New York
|
-$54.4M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$46.6M |
XLC Hedge Fund Activity: Q3 2023 in Review
743 of the 6,316 institutional investors tracked by Wall St. Rank reported a position in State Street Communication Services Select Sector SPDR ETF (XLC) for Q3 2023, worth a combined $11.4B — down 4.9% from $12B a quarter earlier.
Buyers outnumbered sellers: 83 funds opened new XLC positions and 69 closed out — a net gain of 14 holders — while 301 added to existing stakes and 246 trimmed.
The largest buyer was Bank of Montreal, adding an estimated $107M. The largest seller was Barclays, cutting an estimated $958M.
- 743 institutional investors held State Street Communication Services Select Sector SPDR ETF (XLC) as of Q3 2023, up from 742 in Q2 2023.
- Funds reported $11.4B of State Street Communication Services Select Sector SPDR ETF stock for Q3 2023, down 4.9% quarter-over-quarter.
- 83 funds opened new State Street Communication Services Select Sector SPDR ETF positions in Q3 2023 and 69 closed out, a net change of +14 holders.
- The largest State Street Communication Services Select Sector SPDR ETF buyer in Q3 2023 was Bank of Montreal, an estimated $107M added.
- The largest State Street Communication Services Select Sector SPDR ETF seller in Q3 2023 was Barclays, an estimated $958M sold.
Based on aggregated 13F filings for Q3 2023.