State Street Industrial Select Sector SPDR ETF
XLI
1,412 hedge funds and large institutions have $21.3B invested in State Street Industrial Select Sector SPDR ETF in 2025 Q3 according to their latest regulatory filings, with 129 funds opening new positions, 547 increasing their positions, 459 reducing their positions, and 78 closing their positions.
65% more first-time investments, than exits
New positions opened: 129 | Existing positions closed: 78
19% more repeat investments, than reductions
Existing positions increased: 547 | Existing positions reduced: 459
8% more capital invested
Capital invested by funds: $19.6B → $21.3B (+$1.63B)
2% more funds holding
Funds holding: 1,385 → 1,412 (+27)
0.82% less ownership
Funds ownership: 90.12% → 89.3% (-0.82%)
2% less call options, than puts
Call options by funds: $5.72B | Put options by funds: $5.85B
4% less funds holding in top 10
Funds holding in top 10: 55 → 53 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$280M |
| 2 |
Goldman Sachs
New York
|
+$249M |
| 3 |
MMH
Menora Mivtachim Holdings
Ramat Gan,
Israel
|
+$182M |
| 4 |
PCH
PGIM Custom Harvest
Newark,
New Jersey
|
+$181M |
| 5 |
Citigroup
New York
|
+$166M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$304M |
| 2 |
Morgan Stanley
New York
|
-$253M |
| 3 |
PF
Phoenix Financial
Givatayim,
Israel
|
-$140M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
-$134M |
| 5 |
IG
ING Group
Amsterdam,
Netherlands
|
-$51.5M |
XLI Hedge Fund Activity: Q3 2025 in Review
1,412 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in State Street Industrial Select Sector SPDR ETF (XLI) for Q3 2025, worth a combined $21.3B — up 8.3% from $19.6B a quarter earlier.
Buyers outnumbered sellers: 129 funds opened new XLI positions and 78 closed out — a net gain of 51 holders — while 547 added to existing stakes and 459 trimmed.
The largest buyer was Focus Partners Wealth, adding an estimated $280M. The largest seller was Bank of America, cutting an estimated $304M.
- 1,412 institutional investors held State Street Industrial Select Sector SPDR ETF (XLI) as of Q3 2025, up from 1,385 in Q2 2025.
- Funds reported $21.3B of State Street Industrial Select Sector SPDR ETF stock for Q3 2025, up 8.3% quarter-over-quarter.
- 129 funds opened new State Street Industrial Select Sector SPDR ETF positions in Q3 2025 and 78 closed out, a net change of +51 holders.
- The largest State Street Industrial Select Sector SPDR ETF buyer in Q3 2025 was Focus Partners Wealth, an estimated $280M added.
- The largest State Street Industrial Select Sector SPDR ETF seller in Q3 2025 was Bank of America, an estimated $304M sold.
Based on aggregated 13F filings for Q3 2025.