State Street Energy Select Sector SPDR ETF

XLE

Market cap $38.2B

XLE Hedge Fund Activity: Q2 2014 in Review

480 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in State Street Energy Select Sector SPDR ETF (XLE) for Q2 2014, worth a combined $13.1B — up 14% from $11.4B a quarter earlier.

Buyers outnumbered sellers: 78 funds opened new XLE positions and 36 closed out — a net gain of 42 holders — while 193 added to existing stakes and 139 trimmed.

The largest buyer was Discovery Capital Management, opening a new position worth an estimated $466M. The largest seller was Commerzbank Aktiengesellschaft, cutting an estimated $506M.

• 480 institutional investors held State Street Energy Select Sector SPDR ETF (XLE) as of Q2 2014, up from 442 in Q1 2014.
• Funds reported $13.1B of State Street Energy Select Sector SPDR ETF stock for Q2 2014, up 14% quarter-over-quarter.
• 78 funds opened new State Street Energy Select Sector SPDR ETF positions in Q2 2014 and 36 closed out, a net change of +42 holders.
• The largest State Street Energy Select Sector SPDR ETF buyer in Q2 2014 was Discovery Capital Management, an estimated $466M added.
• The largest State Street Energy Select Sector SPDR ETF seller in Q2 2014 was Commerzbank Aktiengesellschaft, an estimated $506M sold.

Based on aggregated 13F filings for Q2 2014.