State Street Utilities Select Sector SPDR ETF

XLU

Market cap $24.1B

XLU Hedge Fund Activity: Q3 2014 in Review

388 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in State Street Utilities Select Sector SPDR ETF (XLU) for Q3 2014, worth a combined $6.57B — down 9.5% from $7.26B a quarter earlier.

Sellers outnumbered buyers: 43 funds closed out of XLU and 28 opened new positions — a net loss of 15 holders — while 159 trimmed existing stakes and 138 added.

The largest buyer was Citigroup, adding an estimated $157M. The largest seller was Euclid Advisors, exiting entirely with an estimated $516M sold.

• 388 institutional investors held State Street Utilities Select Sector SPDR ETF (XLU) as of Q3 2014, down from 404 in Q2 2014.
• Funds reported $6.57B of State Street Utilities Select Sector SPDR ETF stock for Q3 2014, down 9.5% quarter-over-quarter.
• 28 funds opened new State Street Utilities Select Sector SPDR ETF positions in Q3 2014 and 43 closed out, a net change of -15 holders.
• The largest State Street Utilities Select Sector SPDR ETF buyer in Q3 2014 was Citigroup, an estimated $157M added.
• The largest State Street Utilities Select Sector SPDR ETF seller in Q3 2014 was Euclid Advisors, an estimated $516M sold.

Based on aggregated 13F filings for Q3 2014.