State Street Technology Select Sector SPDR ETF
XLK
1,575 hedge funds and large institutions have $24.2B invested in State Street Technology Select Sector SPDR ETF in 2023 Q1 according to their latest regulatory filings, with 176 funds opening new positions, 494 increasing their positions, 644 reducing their positions, and 93 closing their positions.
89% more first-time investments, than exits
New positions opened: 176 | Existing positions closed: 93
17% more funds holding in top 10
Funds holding in top 10: 136 → 159 (+23)
8% more capital invested
Capital invested by funds: $22.5B → $24.2B (+$1.7B)
4% more funds holding
Funds holding: 1,521 → 1,575 (+54)
1.93% less ownership
Funds ownership: 111.84% → 109.9% (-1.9%)
23% less repeat investments, than reductions
Existing positions increased: 494 | Existing positions reduced: 644
31% less call options, than puts
Call options by funds: $1.65B | Put options by funds: $2.41B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barclays
London,
United Kingdom
|
+$151M |
| 2 |
CM
Churchill Management
Los Angeles,
California
|
+$77M |
| 3 |
MCC
Money Concepts Capital
Palm Beach Gardens,
Florida
|
+$66M |
| 4 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
+$55.4M |
| 5 |
Millennium Management
New York
|
+$51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
WestEnd Advisors
Charlotte,
North Carolina
|
-$396M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$211M |
| 3 |
HIMCH
Hartford Investment Management Co (HIMCO)
Hartford,
Connecticut
|
-$193M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$192M |
| 5 |
MIFH
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
-$181M |
XLK Hedge Fund Activity: Q1 2023 in Review
1,575 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in State Street Technology Select Sector SPDR ETF (XLK) for Q1 2023, worth a combined $24.2B — up 7.6% from $22.5B a quarter earlier.
Buyers outnumbered sellers: 176 funds opened new XLK positions and 93 closed out — a net gain of 83 holders — while 494 added to existing stakes and 644 trimmed.
The largest buyer was Barclays, adding an estimated $151M. The largest seller was WestEnd Advisors, exiting entirely with an estimated $396M sold.
- 1,575 institutional investors held State Street Technology Select Sector SPDR ETF (XLK) as of Q1 2023, up from 1,521 in Q4 2022.
- Funds reported $24.2B of State Street Technology Select Sector SPDR ETF stock for Q1 2023, up 7.6% quarter-over-quarter.
- 176 funds opened new State Street Technology Select Sector SPDR ETF positions in Q1 2023 and 93 closed out, a net change of +83 holders.
- The largest State Street Technology Select Sector SPDR ETF buyer in Q1 2023 was Barclays, an estimated $151M added.
- The largest State Street Technology Select Sector SPDR ETF seller in Q1 2023 was WestEnd Advisors, an estimated $396M sold.
Based on aggregated 13F filings for Q1 2023.