State Street Financial Select Sector SPDR ETF
1,802 hedge funds and large institutions have $36.9B invested in State Street Financial Select Sector SPDR ETF in 2025 Q2 according to their latest regulatory filings, with 148 funds opening new positions, 648 increasing their positions, 737 reducing their positions, and 116 closing their positions.
28% more first-time investments, than exits
New positions opened: 148 | Existing positions closed: 116
1% more funds holding
Funds holding: 1,793 → 1,802 (+9)
0.42% less ownership
Funds ownership: 74.89% → 74.47% (-0.42%)
5% less capital invested
Capital invested by funds: $38.9B → $36.9B (-$1.97B)
12% less repeat investments, than reductions
Existing positions increased: 648 | Existing positions reduced: 737
14% less funds holding in top 10
Funds holding in top 10: 120 → 103 (-17)
41% less call options, than puts
Call options by funds: $8.27B | Put options by funds: $14B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$265M |
| 2 |
MMEA
Main Management ETF Advisors
San Francisco,
California
|
+$261M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$169M |
| 4 |
D.E. Shaw & Co
New York
|
+$161M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$139M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$1.76B |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$626M |
| 3 |
Morgan Stanley
New York
|
-$614M |
| 4 |
MCM
MKP Capital Management
New York
|
-$256M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
-$256M |
XLF Hedge Fund Activity: Q2 2025 in Review
1,802 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in State Street Financial Select Sector SPDR ETF (XLF) for Q2 2025, worth a combined $36.9B — down 5.1% from $38.9B a quarter earlier.
Buyers outnumbered sellers: 148 funds opened new XLF positions and 116 closed out — a net gain of 32 holders — while 648 added to existing stakes and 737 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $265M. The largest seller was JP Morgan Chase, cutting an estimated $1.76B.
- 1,802 institutional investors held State Street Financial Select Sector SPDR ETF (XLF) as of Q2 2025, up from 1,793 in Q1 2025.
- Funds reported $36.9B of State Street Financial Select Sector SPDR ETF stock for Q2 2025, down 5.1% quarter-over-quarter.
- 148 funds opened new State Street Financial Select Sector SPDR ETF positions in Q2 2025 and 116 closed out, a net change of +32 holders.
- The largest State Street Financial Select Sector SPDR ETF buyer in Q2 2025 was Goldman Sachs, an estimated $265M added.
- The largest State Street Financial Select Sector SPDR ETF seller in Q2 2025 was JP Morgan Chase, an estimated $1.76B sold.
Based on aggregated 13F filings for Q2 2025.