State Street Industrial Select Sector SPDR ETF
1,506 hedge funds and large institutions have $22B invested in State Street Industrial Select Sector SPDR ETF in 2025 Q4 according to their latest regulatory filings, with 211 funds opening new positions, 584 increasing their positions, 459 reducing their positions, and 96 closing their positions.
120% more first-time investments, than exits
New positions opened: 211 | Existing positions closed: 96
81% more call options, than puts
Call options by funds: $8.33B | Put options by funds: $4.61B
27% more repeat investments, than reductions
Existing positions increased: 584 | Existing positions reduced: 459
6% more funds holding
Funds holding: 1,416 → 1,506 (+90)
2% more funds holding in top 10
Funds holding in top 10: 53 → 54 (+1)
3% more capital invested
Capital invested by funds: $21.3B → $22B (+$740M)
3.34% less ownership
Funds ownership: 89.31% → 85.97% (-3.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PF
Phoenix Financial
Givatayim,
Israel
|
+$374M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$244M |
| 3 |
Morgan Stanley
New York
|
+$129M |
| 4 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$127M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$93.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$428M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
-$227M |
| 3 |
JP Morgan Chase
New York
|
-$95.9M |
| 4 |
HIIFS
Harel Insurance Investments & Financial Services
Ramat Gan,
Israel
|
-$85.1M |
| 5 |
Goldman Sachs
New York
|
-$60.2M |
XLI Hedge Fund Activity: Q4 2025 in Review
1,506 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in State Street Industrial Select Sector SPDR ETF (XLI) for Q4 2025, worth a combined $22B — up 3.5% from $21.3B a quarter earlier.
Buyers outnumbered sellers: 211 funds opened new XLI positions and 96 closed out — a net gain of 115 holders — while 584 added to existing stakes and 459 trimmed.
The largest buyer was Phoenix Financial, adding an estimated $374M. The largest seller was Citigroup, cutting an estimated $428M.
- 1,506 institutional investors held State Street Industrial Select Sector SPDR ETF (XLI) as of Q4 2025, up from 1,416 in Q3 2025.
- Funds reported $22B of State Street Industrial Select Sector SPDR ETF stock for Q4 2025, up 3.5% quarter-over-quarter.
- 211 funds opened new State Street Industrial Select Sector SPDR ETF positions in Q4 2025 and 96 closed out, a net change of +115 holders.
- The largest State Street Industrial Select Sector SPDR ETF buyer in Q4 2025 was Phoenix Financial, an estimated $374M added.
- The largest State Street Industrial Select Sector SPDR ETF seller in Q4 2025 was Citigroup, an estimated $428M sold.
Based on aggregated 13F filings for Q4 2025.