State Street Financial Select Sector SPDR ETF
1,820 hedge funds and large institutions have $39.7B invested in State Street Financial Select Sector SPDR ETF in 2025 Q3 according to their latest regulatory filings, with 152 funds opening new positions, 763 increasing their positions, 593 reducing their positions, and 108 closing their positions.
41% more first-time investments, than exits
New positions opened: 152 | Existing positions closed: 108
29% more repeat investments, than reductions
Existing positions increased: 763 | Existing positions reduced: 593
7% more capital invested
Capital invested by funds: $36.9B → $39.7B (+$2.77B)
1% more funds holding
Funds holding: 1,807 → 1,820 (+13)
2.92% less ownership
Funds ownership: 74.49% → 71.58% (-2.9%)
18% less funds holding in top 10
Funds holding in top 10: 104 → 85 (-19)
42% less call options, than puts
Call options by funds: $8.57B | Put options by funds: $14.7B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$992M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$665M |
| 3 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$535M |
| 4 |
PCH
PGIM Custom Harvest
Newark,
New Jersey
|
+$534M |
| 5 |
Two Sigma Investments
New York
|
+$474M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
-$789M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
-$410M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$149M |
| 4 |
IMC Chicago
Chicago,
Illinois
|
-$146M |
| 5 |
Citigroup
New York
|
-$145M |
XLF Hedge Fund Activity: Q3 2025 in Review
1,820 of the 7,640 institutional investors tracked by Wall St. Rank reported a position in State Street Financial Select Sector SPDR ETF (XLF) for Q3 2025, worth a combined $39.7B — up 7.5% from $36.9B a quarter earlier.
Buyers outnumbered sellers: 152 funds opened new XLF positions and 108 closed out — a net gain of 44 holders — while 763 added to existing stakes and 593 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $992M. The largest seller was D.E. Shaw & Co, cutting an estimated $789M.
- 1,820 institutional investors held State Street Financial Select Sector SPDR ETF (XLF) as of Q3 2025, up from 1,807 in Q2 2025.
- Funds reported $39.7B of State Street Financial Select Sector SPDR ETF stock for Q3 2025, up 7.5% quarter-over-quarter.
- 152 funds opened new State Street Financial Select Sector SPDR ETF positions in Q3 2025 and 108 closed out, a net change of +44 holders.
- The largest State Street Financial Select Sector SPDR ETF buyer in Q3 2025 was JP Morgan Chase, an estimated $992M added.
- The largest State Street Financial Select Sector SPDR ETF seller in Q3 2025 was D.E. Shaw & Co, an estimated $789M sold.
Based on aggregated 13F filings for Q3 2025.