State Street Energy Select Sector SPDR ETF
XLE
1,864 hedge funds and large institutions have $17.5B invested in State Street Energy Select Sector SPDR ETF in 2025 Q4 according to their latest regulatory filings, with 269 funds opening new positions, 651 increasing their positions, 743 reducing their positions, and 104 closing their positions.
159% more first-time investments, than exits
New positions opened: 269 | Existing positions closed: 104
46% more funds holding in top 10
Funds holding in top 10: 26 → 38 (+12)
7% more funds holding
Funds holding: 1,739 → 1,864 (+125)
1% more capital invested
Capital invested by funds: $17.4B → $17.5B (+$114M)
12% less repeat investments, than reductions
Existing positions increased: 651 | Existing positions reduced: 743
53% less call options, than puts
Call options by funds: $4.76B | Put options by funds: $10.1B
63.62% less ownership
Funds ownership: 129.99% → 66.37% (-64%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$113M |
| 2 |
MMFA
Main Management Fund Advisors
San Francisco,
California
|
+$108M |
| 3 |
MMH
Menora Mivtachim Holdings
Ramat Gan,
Israel
|
+$95.9M |
| 4 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$65M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$63.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIIFS
Harel Insurance Investments & Financial Services
Ramat Gan,
Israel
|
-$181M |
| 2 |
JP Morgan Chase
New York
|
-$134M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$97.8M |
| 4 |
Barclays
London,
United Kingdom
|
-$96.8M |
| 5 |
Tudor Investment Corp
Stamford,
Connecticut
|
-$71.3M |
XLE Hedge Fund Activity: Q4 2025 in Review
1,864 of the 8,263 institutional investors tracked by Wall St. Rank reported a position in State Street Energy Select Sector SPDR ETF (XLE) for Q4 2025, worth a combined $17.5B — up 0.66% from $17.4B a quarter earlier.
Buyers outnumbered sellers: 269 funds opened new XLE positions and 104 closed out — a net gain of 165 holders — while 651 added to existing stakes and 743 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $113M. The largest seller was Harel Insurance Investments & Financial Services, cutting an estimated $181M.
- 1,864 institutional investors held State Street Energy Select Sector SPDR ETF (XLE) as of Q4 2025, up from 1,739 in Q3 2025.
- Funds reported $17.5B of State Street Energy Select Sector SPDR ETF stock for Q4 2025, up 0.66% quarter-over-quarter.
- 269 funds opened new State Street Energy Select Sector SPDR ETF positions in Q4 2025 and 104 closed out, a net change of +165 holders.
- The largest State Street Energy Select Sector SPDR ETF buyer in Q4 2025 was Goldman Sachs, an estimated $113M added.
- The largest State Street Energy Select Sector SPDR ETF seller in Q4 2025 was Harel Insurance Investments & Financial Services, an estimated $181M sold.
Based on aggregated 13F filings for Q4 2025.