State Street Health Care Select Sector SPDR ETF
XLV
1,677 hedge funds and large institutions have $25.2B invested in State Street Health Care Select Sector SPDR ETF in 2025 Q2 according to their latest regulatory filings, with 119 funds opening new positions, 556 increasing their positions, 753 reducing their positions, and 178 closing their positions.
1.09% more ownership
Funds ownership: 72.85% → 73.93% (+1.1%)
3% more call options, than puts
Call options by funds: $2.11B | Put options by funds: $2.04B
5% less funds holding
Funds holding: 1,767 → 1,677 (-90)
10% less capital invested
Capital invested by funds: $28B → $25.2B (-$2.81B)
26% less repeat investments, than reductions
Existing positions increased: 556 | Existing positions reduced: 753
33% less first-time investments, than exits
New positions opened: 119 | Existing positions closed: 178
36% less funds holding in top 10
Funds holding in top 10: 98 → 63 (-35)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$451M |
| 2 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
+$171M |
| 3 |
State Street
Boston,
Massachusetts
|
+$161M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$158M |
| 5 |
Morgan Stanley
New York
|
+$150M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VOYA Investment Management
Atlanta,
Georgia
|
-$173M |
| 2 |
Barclays
London,
United Kingdom
|
-$171M |
| 3 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$130M |
| 4 |
MIH
Meitav Investment House
Bene-Beraq,
Israel
|
-$123M |
| 5 |
MMH
Menora Mivtachim Holdings
Ramat Gan,
Israel
|
-$121M |
XLV Hedge Fund Activity: Q2 2025 in Review
1,677 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in State Street Health Care Select Sector SPDR ETF (XLV) for Q2 2025, worth a combined $25.2B — down 10% from $28B a quarter earlier.
Sellers outnumbered buyers: 178 funds closed out of XLV and 119 opened new positions — a net loss of 59 holders — while 753 trimmed existing stakes and 556 added.
The largest buyer was Caisse de Depot et Placement du Quebec (CDPQ), adding an estimated $451M. The largest seller was VOYA Investment Management, exiting entirely with an estimated $173M sold.
- 1,677 institutional investors held State Street Health Care Select Sector SPDR ETF (XLV) as of Q2 2025, down from 1,767 in Q1 2025.
- Funds reported $25.2B of State Street Health Care Select Sector SPDR ETF stock for Q2 2025, down 10% quarter-over-quarter.
- 119 funds opened new State Street Health Care Select Sector SPDR ETF positions in Q2 2025 and 178 closed out, a net change of -59 holders.
- The largest State Street Health Care Select Sector SPDR ETF buyer in Q2 2025 was Caisse de Depot et Placement du Quebec (CDPQ), an estimated $451M added.
- The largest State Street Health Care Select Sector SPDR ETF seller in Q2 2025 was VOYA Investment Management, an estimated $173M sold.
Based on aggregated 13F filings for Q2 2025.