State Street Utilities Select Sector SPDR ETF
1,063 hedge funds and large institutions have $11B invested in State Street Utilities Select Sector SPDR ETF in 2023 Q3 according to their latest regulatory filings, with 104 funds opening new positions, 354 increasing their positions, 422 reducing their positions, and 133 closing their positions.
8.08% more ownership
Funds ownership: 156.28% → 164.35% (+8.1%)
4% less funds holding
Funds holding: 1,105 → 1,063 (-42)
9% less capital invested
Capital invested by funds: $12.1B → $11B (-$1.07B)
12% less call options, than puts
Call options by funds: $1.13B | Put options by funds: $1.28B
16% less repeat investments, than reductions
Existing positions increased: 354 | Existing positions reduced: 422
22% less first-time investments, than exits
New positions opened: 104 | Existing positions closed: 133
33% less funds holding in top 10
Funds holding in top 10: 36 → 24 (-12)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GBWM
Granite Bay Wealth Management
Portsmouth,
New Hampshire
|
+$202M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$193M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
+$111M |
| 4 |
Morgan Stanley
New York
|
+$100M |
| 5 |
BGDI
BW Gestao de Investimentos
Sao Paulo,
Brazil
|
+$91.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$130M |
| 2 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$126M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$91.9M |
| 4 |
Barclays
London,
United Kingdom
|
-$82M |
| 5 |
SEIA
Signature Estate & Investment Advisors
Los Angeles,
California
|
-$67.6M |
XLU Hedge Fund Activity: Q3 2023 in Review
1,063 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in State Street Utilities Select Sector SPDR ETF (XLU) for Q3 2023, worth a combined $11B — down 8.9% from $12.1B a quarter earlier.
Sellers outnumbered buyers: 133 funds closed out of XLU and 104 opened new positions — a net loss of 29 holders — while 422 trimmed existing stakes and 354 added.
The largest buyer was Granite Bay Wealth Management, adding an estimated $202M. The largest seller was Goldman Sachs, cutting an estimated $130M.
- 1,063 institutional investors held State Street Utilities Select Sector SPDR ETF (XLU) as of Q3 2023, down from 1,105 in Q2 2023.
- Funds reported $11B of State Street Utilities Select Sector SPDR ETF stock for Q3 2023, down 8.9% quarter-over-quarter.
- 104 funds opened new State Street Utilities Select Sector SPDR ETF positions in Q3 2023 and 133 closed out, a net change of -29 holders.
- The largest State Street Utilities Select Sector SPDR ETF buyer in Q3 2023 was Granite Bay Wealth Management, an estimated $202M added.
- The largest State Street Utilities Select Sector SPDR ETF seller in Q3 2023 was Goldman Sachs, an estimated $130M sold.
Based on aggregated 13F filings for Q3 2023.