State Street Financial Select Sector SPDR ETF
1,360 hedge funds and large institutions have $20.5B invested in State Street Financial Select Sector SPDR ETF in 2023 Q1 according to their latest regulatory filings, with 117 funds opening new positions, 485 increasing their positions, 573 reducing their positions, and 169 closing their positions.
3.83% less ownership
Funds ownership: 71.22% → 67.4% (-3.8%)
6% less funds holding
Funds holding: 1,444 → 1,360 (-84)
11% less capital invested
Capital invested by funds: $23B → $20.5B (-$2.55B)
15% less repeat investments, than reductions
Existing positions increased: 485 | Existing positions reduced: 573
20% less funds holding in top 10
Funds holding in top 10: 84 → 67 (-17)
31% less first-time investments, than exits
New positions opened: 117 | Existing positions closed: 169
32% less call options, than puts
Call options by funds: $4.95B | Put options by funds: $7.3B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$2.05B |
| 2 |
VMPIC
Varma Mutual Pension Insurance Co
Helsinki,
Finland
|
+$466M |
| 3 |
MMH
Menora Mivtachim Holdings
Ramat Gan,
Israel
|
+$361M |
| 4 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$337M |
| 5 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$128M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$687M |
| 2 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$686M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$604M |
| 4 |
CWM
CIBC World Markets
New York
|
-$411M |
| 5 |
MCM
MKP Capital Management
New York
|
-$303M |
XLF Hedge Fund Activity: Q1 2023 in Review
1,360 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in State Street Financial Select Sector SPDR ETF (XLF) for Q1 2023, worth a combined $20.5B — down 11% from $23B a quarter earlier.
Sellers outnumbered buyers: 169 funds closed out of XLF and 117 opened new positions — a net loss of 52 holders — while 573 trimmed existing stakes and 485 added.
The largest buyer was JP Morgan Chase, adding an estimated $2.05B. The largest seller was Bank of America, cutting an estimated $687M.
- 1,360 institutional investors held State Street Financial Select Sector SPDR ETF (XLF) as of Q1 2023, down from 1,444 in Q4 2022.
- Funds reported $20.5B of State Street Financial Select Sector SPDR ETF stock for Q1 2023, down 11% quarter-over-quarter.
- 117 funds opened new State Street Financial Select Sector SPDR ETF positions in Q1 2023 and 169 closed out, a net change of -52 holders.
- The largest State Street Financial Select Sector SPDR ETF buyer in Q1 2023 was JP Morgan Chase, an estimated $2.05B added.
- The largest State Street Financial Select Sector SPDR ETF seller in Q1 2023 was Bank of America, an estimated $687M sold.
Based on aggregated 13F filings for Q1 2023.