State Street Financial Select Sector SPDR ETF
1,854 hedge funds and large institutions have $37.2B invested in State Street Financial Select Sector SPDR ETF in 2026 Q1 according to their latest regulatory filings, with 135 funds opening new positions, 652 increasing their positions, 769 reducing their positions, and 220 closing their positions.
4.57% more ownership
Funds ownership: 71.78% → 76.34% (+4.6%)
3% less capital invested
Capital invested by funds: $38.2B → $37.2B (-$1.04B)
6% less funds holding
Funds holding: 1,968 → 1,854 (-114)
15% less repeat investments, than reductions
Existing positions increased: 652 | Existing positions reduced: 769
34% less funds holding in top 10
Funds holding in top 10: 86 → 57 (-29)
39% less first-time investments, than exits
New positions opened: 135 | Existing positions closed: 220
42% less call options, than puts
Call options by funds: $7.29B | Put options by funds: $12.6B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$2.53B |
| 2 |
Morgan Stanley
New York
|
+$460M |
| 3 |
Millennium Management
New York
|
+$346M |
| 4 |
Goldman Sachs
New York
|
+$283M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$280M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DFO
Duquesne Family Office
New York
|
-$301M |
| 2 |
Jane Street
New York
|
-$280M |
| 3 |
PCH
PGIM Custom Harvest
Newark,
New Jersey
|
-$265M |
| 4 |
Focus Partners Wealth
Boston,
Massachusetts
|
-$209M |
| 5 |
MIFH
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
-$143M |
XLF Hedge Fund Activity: Q1 2026 in Review
1,854 of the 8,208 institutional investors tracked by Wall St. Rank reported a position in State Street Financial Select Sector SPDR ETF (XLF) for Q1 2026, worth a combined $37.2B — down 2.7% from $38.2B a quarter earlier.
Sellers outnumbered buyers: 220 funds closed out of XLF and 135 opened new positions — a net loss of 85 holders — while 769 trimmed existing stakes and 652 added.
The largest buyer was JP Morgan Chase, adding an estimated $2.53B. The largest seller was Duquesne Family Office, exiting entirely with an estimated $301M sold.
- 1,854 institutional investors held State Street Financial Select Sector SPDR ETF (XLF) as of Q1 2026, down from 1,968 in Q4 2025.
- Funds reported $37.2B of State Street Financial Select Sector SPDR ETF stock for Q1 2026, down 2.7% quarter-over-quarter.
- 135 funds opened new State Street Financial Select Sector SPDR ETF positions in Q1 2026 and 220 closed out, a net change of -85 holders.
- The largest State Street Financial Select Sector SPDR ETF buyer in Q1 2026 was JP Morgan Chase, an estimated $2.53B added.
- The largest State Street Financial Select Sector SPDR ETF seller in Q1 2026 was Duquesne Family Office, an estimated $301M sold.
Based on aggregated 13F filings for Q1 2026.