State Street Technology Select Sector SPDR ETF
XLK
2,487 hedge funds and large institutions have $50.3B invested in State Street Technology Select Sector SPDR ETF in 2025 Q4 according to their latest regulatory filings, with 347 funds opening new positions, 834 increasing their positions, 921 reducing their positions, and 100 closing their positions.
247% more first-time investments, than exits
New positions opened: 347 | Existing positions closed: 100
9% more funds holding
Funds holding: 2,290 → 2,487 (+197)
7% more funds holding in top 10
Funds holding in top 10: 216 → 232 (+16)
1.87% more ownership
Funds ownership: 52.38% → 54.25% (+1.9%)
4% more capital invested
Capital invested by funds: $48.6B → $50.3B (+$1.76B)
9% less repeat investments, than reductions
Existing positions increased: 834 | Existing positions reduced: 921
36% less call options, than puts
Call options by funds: $3.13B | Put options by funds: $4.89B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$395M |
| 2 |
CPO
Cerity Partners OCIO
New York
|
+$240M |
| 3 |
EMPI
Elo Mutual Pension Insurance
Espoo,
Finland
|
+$200M |
| 4 |
MIFH
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
+$176M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$158M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
-$309M |
| 2 |
Morgan Stanley
New York
|
-$247M |
| 3 |
HIIFS
Harel Insurance Investments & Financial Services
Ramat Gan,
Israel
|
-$201M |
| 4 |
FMI
Factory Mutual Insurance
Waltham,
Massachusetts
|
-$192M |
| 5 |
Goldman Sachs
New York
|
-$143M |
XLK Hedge Fund Activity: Q4 2025 in Review
2,487 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in State Street Technology Select Sector SPDR ETF (XLK) for Q4 2025, worth a combined $50.3B — up 3.6% from $48.6B a quarter earlier.
Buyers outnumbered sellers: 347 funds opened new XLK positions and 100 closed out — a net gain of 247 holders — while 834 added to existing stakes and 921 trimmed.
The largest buyer was Two Sigma Investments, adding an estimated $395M. The largest seller was BNP Paribas Financial Markets, cutting an estimated $309M.
- 2,487 institutional investors held State Street Technology Select Sector SPDR ETF (XLK) as of Q4 2025, up from 2,290 in Q3 2025.
- Funds reported $50.3B of State Street Technology Select Sector SPDR ETF stock for Q4 2025, up 3.6% quarter-over-quarter.
- 347 funds opened new State Street Technology Select Sector SPDR ETF positions in Q4 2025 and 100 closed out, a net change of +247 holders.
- The largest State Street Technology Select Sector SPDR ETF buyer in Q4 2025 was Two Sigma Investments, an estimated $395M added.
- The largest State Street Technology Select Sector SPDR ETF seller in Q4 2025 was BNP Paribas Financial Markets, an estimated $309M sold.
Based on aggregated 13F filings for Q4 2025.