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State Street Health Care Select Sector SPDR ETF
XLV

1,647 hedge funds and large institutions have $25.5B invested in State Street Health Care Select Sector SPDR ETF in 2025 Q3 according to their latest regulatory filings, with 134 funds opening new positions, 555 increasing their positions, 711 reducing their positions, and 134 closing their positions.

New
Increased
Maintained
Reduced
Closed

1% more capital invested

Capital invested by funds: $25.2B → $25.5B (+$301M)

0.26% more ownership

Funds ownership: 73.93% → 74.19% (+0.26%)

0% more first-time investments, than exits

New positions opened: 134 | Existing positions closed: 134

2% less funds holding

Funds holding: 1,677 → 1,647 (-30)

3% less funds holding in top 10

Funds holding in top 10: 63 → 61 (-2)

22% less repeat investments, than reductions

Existing positions increased: 555 | Existing positions reduced: 711

32% less call options, than puts

Call options by funds: $2.18B | Put options by funds: $3.19B

Holders
1,647
Holders Change
-30
Holders Change %
-1.79%
% of All Funds
21.62%
Holding in Top 10
61
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-3.17%
% of All Funds
0.8%
New
134
Increased
555
Reduced
711
Closed
134
Calls
$2.18B
Puts
$3.19B
Net Calls
-$1.01B
Net Calls Change
-$1.08B

Top Buyers

1
Focus Partners Wealth
Focus Partners Wealth
Massachusetts
+$243M
2
Goldman Sachs
Goldman Sachs
New York
+$197M
3
Prudential Financial
Prudential Financial
New Jersey
+$192M
4
HIIFS
Harel Insurance Investments & Financial Services
Israel
+$148M
5
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$142M

Top Sellers

1
Bank of America
Bank of America
North Carolina
-$666M
2
Morgan Stanley
Morgan Stanley
New York
-$356M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$144M
4
Raymond James Financial
Raymond James Financial
Florida
-$102M
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$96.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
DWG
1726
Darden Wealth Group
Michigan
– -$269K -1,992 Closed
LWL
1727
Leo Wealth LLC
Texas
– -$266K -1,975 Closed
AAP
1728
Arax Advisory Partners
Colorado
– -$264K -1,958 Closed
PFA
1729
Pinnacle Family Advisors
Missouri
– -$263K -1,949 Closed
Mirae Asset Global Investments
1730
Mirae Asset Global Investments
South Korea
– -$261K -1,939 Closed
AIP
1731
Almanack Investment Partners
Pennsylvania
– -$252K -1,872 Closed
GC
1732
Garde Capital
Washington
– -$252K -1,870 Closed
CWM
1733
Cahaba Wealth Management
Georgia
– -$248K -1,842 Closed
AC
1734
ASB Consultores
Florida
– -$246K -1,827 Closed
KCIC
1735
Kuhn & Co Investment Counsel
Illinois
– -$246K -1,823 Closed
MW
1736
Maia Wealth
Colorado
– -$241K -1,790 Closed
AWM
1737
Able Wealth Management
New Jersey
– -$236K -1,752 Closed
VWM
1738
Vigilare Wealth Management
Arizona
– -$235K -1,741 Closed
ZIM
1739
Zacks Investment Management
Illinois
– -$231K -1,714 Closed
WKWM
1740
Walter & Keenan Wealth Management
Indiana
– -$229K -1,700 Closed
CFG
1741
Cooper Financial Group
California
– -$226K -1,673 Closed
FNB
1742
Farmers National Bank
Kentucky
– -$225K -1,669 Closed
ATFA
1743
All Terrain Financial Advisors
Minnesota
– -$225K -1,668 Closed
NFC
1744
Northstar Financial Companies
Pennsylvania
– -$222K -1,645 Closed
APP
1745
Avantax Planning Partners
Iowa
– -$222K -1,644 Closed
TA
1746
TFB Advisors
Kansas
– -$219K -1,628 Closed
MHC
1747
May Hill Capital
Massachusetts
– -$219K -1,624 Closed
AFO
1748
Allie Family Office
Florida
– -$218K -1,620 Closed
FFA
1749
Fairfield Financial Advisors
Massachusetts
– -$215K -1,595 Closed
OBWG
1750
Onyx Bridge Wealth Group
New York
– -$212K -1,570 Closed
68 69
70
71 72

XLV Hedge Fund Activity: Q3 2025 in Review

1,647 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in State Street Health Care Select Sector SPDR ETF (XLV) for Q3 2025, worth a combined $25.5B — up 1.2% from $25.2B a quarter earlier.

Fund positioning in XLV was balanced in Q3 2025: 134 funds opened new positions, 134 closed out, 555 added to existing stakes and 711 trimmed.

The largest buyer was Focus Partners Wealth, adding an estimated $243M. The largest seller was Bank of America, cutting an estimated $666M.

  • 1,647 institutional investors held State Street Health Care Select Sector SPDR ETF (XLV) as of Q3 2025, down from 1,677 in Q2 2025.
  • Funds reported $25.5B of State Street Health Care Select Sector SPDR ETF stock for Q3 2025, up 1.2% quarter-over-quarter.
  • 134 funds opened new State Street Health Care Select Sector SPDR ETF positions in Q3 2025 and 134 closed out, a net change of 0 holders.
  • The largest State Street Health Care Select Sector SPDR ETF buyer in Q3 2025 was Focus Partners Wealth, an estimated $243M added.
  • The largest State Street Health Care Select Sector SPDR ETF seller in Q3 2025 was Bank of America, an estimated $666M sold.

Based on aggregated 13F filings for Q3 2025.