State Street Utilities Select Sector SPDR ETF

XLU

Market cap $24.1B

XLU Hedge Fund Activity: Q1 2023 in Review

1,101 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in State Street Utilities Select Sector SPDR ETF (XLU) for Q1 2023, worth a combined $11.6B — down 14% from $13.5B a quarter earlier.

Sellers outnumbered buyers: 152 funds closed out of XLU and 105 opened new positions — a net loss of 47 holders — while 451 trimmed existing stakes and 358 added.

The largest buyer was Caisse de Depot et Placement du Quebec (CDPQ), opening a new position worth an estimated $164M. The largest seller was Barclays, cutting an estimated $231M.

• 1,101 institutional investors held State Street Utilities Select Sector SPDR ETF (XLU) as of Q1 2023, down from 1,175 in Q4 2022.
• Funds reported $11.6B of State Street Utilities Select Sector SPDR ETF stock for Q1 2023, down 14% quarter-over-quarter.
• 105 funds opened new State Street Utilities Select Sector SPDR ETF positions in Q1 2023 and 152 closed out, a net change of -47 holders.
• The largest State Street Utilities Select Sector SPDR ETF buyer in Q1 2023 was Caisse de Depot et Placement du Quebec (CDPQ), an estimated $164M added.
• The largest State Street Utilities Select Sector SPDR ETF seller in Q1 2023 was Barclays, an estimated $231M sold.

Based on aggregated 13F filings for Q1 2023.