State Street Industrial Select Sector SPDR ETF
XLI
1,393 hedge funds and large institutions have $19.6B invested in State Street Industrial Select Sector SPDR ETF in 2025 Q2 according to their latest regulatory filings, with 158 funds opening new positions, 455 increasing their positions, 516 reducing their positions, and 100 closing their positions.
58% more first-time investments, than exits
New positions opened: 158 | Existing positions closed: 100
15% more funds holding in top 10
Funds holding in top 10: 48 → 55 (+7)
3% more funds holding
Funds holding: 1,357 → 1,393 (+36)
0.02% less ownership
Funds ownership: 89.45% → 89.43% (-0.02%)
12% less repeat investments, than reductions
Existing positions increased: 455 | Existing positions reduced: 516
14% less capital inflows, than outflows
Capital inflows: $1.81B | Capital outflows: $2.1B
49% less call options, than puts
Call options by funds: $2.91B | Put options by funds: $5.74B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$234M |
| 2 |
Citigroup
New York
|
+$159M |
| 3 |
Phoenix Financial
Givatayim,
Israel
|
+$154M |
| 4 |
JP Morgan Chase
New York
|
+$85.6M |
| 5 |
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
+$76.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$307M |
| 2 |
Natixis
Paris,
France
|
-$206M |
| 3 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$177M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$174M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$154M |
XLI Hedge Fund Activity: Q2 2025 in Review
1,393 of the 7,627 institutional investors tracked by Wall St. Rank reported a position in State Street Industrial Select Sector SPDR ETF (XLI) for Q2 2025, worth a combined $19.6B — up 10% from $17.8B a quarter earlier.
Buyers outnumbered sellers: 158 funds opened new XLI positions and 100 closed out — a net gain of 58 holders — while 455 added to existing stakes and 516 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $234M. The largest seller was Bank of America, cutting an estimated $307M.
- 1,393 institutional investors held State Street Industrial Select Sector SPDR ETF (XLI) as of Q2 2025, up from 1,357 in Q1 2025.
- Funds reported $19.6B of State Street Industrial Select Sector SPDR ETF stock for Q2 2025, up 10% quarter-over-quarter.
- 158 funds opened new State Street Industrial Select Sector SPDR ETF positions in Q2 2025 and 100 closed out, a net change of +58 holders.
- The largest State Street Industrial Select Sector SPDR ETF buyer in Q2 2025 was Morgan Stanley, an estimated $234M added.
- The largest State Street Industrial Select Sector SPDR ETF seller in Q2 2025 was Bank of America, an estimated $307M sold.
Based on aggregated 13F filings for Q2 2025.