State Street Utilities Select Sector SPDR ETF
1,101 hedge funds and large institutions have $11.7B invested in State Street Utilities Select Sector SPDR ETF in 2023 Q1 according to their latest regulatory filings, with 104 funds opening new positions, 358 increasing their positions, 452 reducing their positions, and 150 closing their positions.
6% less funds holding
Funds holding: 1,175 → 1,101 (-74)
8.21% less ownership
Funds ownership: 157.19% → 148.98% (-8.2%)
9% less capital invested
Capital invested by funds: $12.9B → $11.7B (-$1.2B)
21% less repeat investments, than reductions
Existing positions increased: 358 | Existing positions reduced: 452
31% less first-time investments, than exits
New positions opened: 104 | Existing positions closed: 150
33% less funds holding in top 10
Funds holding in top 10: 51 → 34 (-17)
45% less call options, than puts
Call options by funds: $408M | Put options by funds: $743M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$164M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$121M |
| 3 |
D.E. Shaw & Co
New York
|
+$100M |
| 4 |
Two Sigma Advisers
New York
|
+$96.3M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barclays
London,
United Kingdom
|
-$231M |
| 2 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$217M |
| 3 |
Morgan Stanley
New York
|
-$216M |
| 4 |
WA
WestEnd Advisors
Charlotte,
North Carolina
|
-$139M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$92M |
XLU Hedge Fund Activity: Q1 2023 in Review
1,101 of the 6,283 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 $11.7B — down 9.3% from $12.9B a quarter earlier.
Sellers outnumbered buyers: 150 funds closed out of XLU and 104 opened new positions — a net loss of 46 holders — while 452 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 $11.7B of State Street Utilities Select Sector SPDR ETF stock for Q1 2023, down 9.3% quarter-over-quarter.
- 104 funds opened new State Street Utilities Select Sector SPDR ETF positions in Q1 2023 and 150 closed out, a net change of -46 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.