State Street Utilities Select Sector SPDR ETF
1,531 hedge funds and large institutions have $13.5B invested in State Street Utilities Select Sector SPDR ETF in 2025 Q4 according to their latest regulatory filings, with 235 funds opening new positions, 625 increasing their positions, 459 reducing their positions, and 104 closing their positions.
126% more first-time investments, than exits
New positions opened: 235 | Existing positions closed: 104
36% more repeat investments, than reductions
Existing positions increased: 625 | Existing positions reduced: 459
18% more funds holding in top 10
Funds holding in top 10: 33 → 39 (+6)
7% more funds holding
Funds holding: 1,429 → 1,531 (+102)
3% more capital invested
Capital invested by funds: $13.2B → $13.5B (+$390M)
60.63% less ownership
Funds ownership: 122.91% → 62.28% (-61%)
65% less call options, than puts
Call options by funds: $1.24B | Put options by funds: $3.56B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIFH
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
+$244M |
| 2 |
HIIFS
Harel Insurance Investments & Financial Services
Ramat Gan,
Israel
|
+$121M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$65.6M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$55M |
| 5 |
JP Morgan Chase
New York
|
+$51.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
-$114M |
| 2 |
MMFA
Main Management Fund Advisors
San Francisco,
California
|
-$89.7M |
| 3 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$51.9M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$49.2M |
| 5 |
MMH
Menora Mivtachim Holdings
Ramat Gan,
Israel
|
-$44.7M |
XLU Hedge Fund Activity: Q4 2025 in Review
1,531 of the 8,263 institutional investors tracked by Wall St. Rank reported a position in State Street Utilities Select Sector SPDR ETF (XLU) for Q4 2025, worth a combined $13.5B — up 3% from $13.2B a quarter earlier.
Buyers outnumbered sellers: 235 funds opened new XLU positions and 104 closed out — a net gain of 131 holders — while 625 added to existing stakes and 459 trimmed.
The largest buyer was Migdal Insurance & Financial Holdings, adding an estimated $244M. The largest seller was BNP Paribas Financial Markets, cutting an estimated $114M.
- 1,531 institutional investors held State Street Utilities Select Sector SPDR ETF (XLU) as of Q4 2025, up from 1,429 in Q3 2025.
- Funds reported $13.5B of State Street Utilities Select Sector SPDR ETF stock for Q4 2025, up 3% quarter-over-quarter.
- 235 funds opened new State Street Utilities Select Sector SPDR ETF positions in Q4 2025 and 104 closed out, a net change of +131 holders.
- The largest State Street Utilities Select Sector SPDR ETF buyer in Q4 2025 was Migdal Insurance & Financial Holdings, an estimated $244M added.
- The largest State Street Utilities Select Sector SPDR ETF seller in Q4 2025 was BNP Paribas Financial Markets, an estimated $114M sold.
Based on aggregated 13F filings for Q4 2025.