State Street Real Estate Select Sector SPDR ETF
XLRE
591 hedge funds and large institutions have $2.95B invested in State Street Real Estate Select Sector SPDR ETF in 2023 Q2 according to their latest regulatory filings, with 72 funds opening new positions, 207 increasing their positions, 225 reducing their positions, and 58 closing their positions.
24% more first-time investments, than exits
New positions opened: 72 | Existing positions closed: 58
1% more funds holding
Funds holding: 585 → 591 (+6)
0.43% less ownership
Funds ownership: 64.24% → 63.81% (-0.43%)
2% less capital invested
Capital invested by funds: $3.01B → $2.95B (-$57.9M)
8% less repeat investments, than reductions
Existing positions increased: 207 | Existing positions reduced: 225
18% less funds holding in top 10
Funds holding in top 10: 11 → 9 (-2)
38% less call options, than puts
Call options by funds: $13.7M | Put options by funds: $21.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Creative Planning
Overland Park,
Kansas
|
+$170M |
| 2 |
Millennium Management
New York
|
+$40.8M |
| 3 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$28.9M |
| 4 |
CCM
Cullen Capital Management
New York
|
+$26M |
| 5 |
QIM
Quantitative Investment Management
Charlottesville,
Virginia
|
+$20.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$213M |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$46.9M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$35.8M |
| 4 |
BlackRock
New York
|
-$33M |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$32.9M |
XLRE Hedge Fund Activity: Q2 2023 in Review
591 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in State Street Real Estate Select Sector SPDR ETF (XLRE) for Q2 2023, worth a combined $2.95B — down 1.9% from $3.01B a quarter earlier.
Buyers outnumbered sellers: 72 funds opened new XLRE positions and 58 closed out — a net gain of 14 holders — while 207 added to existing stakes and 225 trimmed.
The largest buyer was Creative Planning, adding an estimated $170M. The largest seller was Bank of America, cutting an estimated $213M.
- 591 institutional investors held State Street Real Estate Select Sector SPDR ETF (XLRE) as of Q2 2023, up from 585 in Q1 2023.
- Funds reported $2.95B of State Street Real Estate Select Sector SPDR ETF stock for Q2 2023, down 1.9% quarter-over-quarter.
- 72 funds opened new State Street Real Estate Select Sector SPDR ETF positions in Q2 2023 and 58 closed out, a net change of +14 holders.
- The largest State Street Real Estate Select Sector SPDR ETF buyer in Q2 2023 was Creative Planning, an estimated $170M added.
- The largest State Street Real Estate Select Sector SPDR ETF seller in Q2 2023 was Bank of America, an estimated $213M sold.
Based on aggregated 13F filings for Q2 2023.