State Street SPDR S&P Metals & Mining ETF
316 hedge funds and large institutions have $2.1B invested in State Street SPDR S&P Metals & Mining ETF in 2025 Q3 according to their latest regulatory filings, with 80 funds opening new positions, 93 increasing their positions, 84 reducing their positions, and 23 closing their positions.
248% more first-time investments, than exits
New positions opened: 80 | Existing positions closed: 23
80% more funds holding in top 10
Funds holding in top 10: 5 → 9 (+4)
33% more capital invested
Capital invested by funds: $1.58B → $2.1B (+$522M)
19% more funds holding
Funds holding: 266 → 316 (+50)
11% more repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 84
4.5% less ownership
Funds ownership: 83.32% → 78.82% (-4.5%)
53% less call options, than puts
Call options by funds: $403M | Put options by funds: $859M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
+$70.2M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$46.4M |
| 3 |
Morgan Stanley
New York
|
+$32.3M |
| 4 |
Citigroup
New York
|
+$24.9M |
| 5 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
+$16.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$129M |
| 2 |
CI
Clal Insurance
Tel-Aviv,
Israel
|
-$67.2M |
| 3 |
Barclays
London,
United Kingdom
|
-$43.5M |
| 4 |
Two Sigma Investments
New York
|
-$40.3M |
| 5 |
MMH
Menora Mivtachim Holdings
Ramat Gan,
Israel
|
-$39.1M |
XME Hedge Fund Activity: Q3 2025 in Review
316 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Metals & Mining ETF (XME) for Q3 2025, worth a combined $2.1B — up 33% from $1.58B a quarter earlier.
Buyers outnumbered sellers: 80 funds opened new XME positions and 23 closed out — a net gain of 57 holders — while 93 added to existing stakes and 84 trimmed.
The largest buyer was BNP Paribas Financial Markets, adding an estimated $70.2M. The largest seller was JP Morgan Chase, cutting an estimated $129M.
- 316 institutional investors held State Street SPDR S&P Metals & Mining ETF (XME) as of Q3 2025, up from 266 in Q2 2025.
- Funds reported $2.1B of State Street SPDR S&P Metals & Mining ETF stock for Q3 2025, up 33% quarter-over-quarter.
- 80 funds opened new State Street SPDR S&P Metals & Mining ETF positions in Q3 2025 and 23 closed out, a net change of +57 holders.
- The largest State Street SPDR S&P Metals & Mining ETF buyer in Q3 2025 was BNP Paribas Financial Markets, an estimated $70.2M added.
- The largest State Street SPDR S&P Metals & Mining ETF seller in Q3 2025 was JP Morgan Chase, an estimated $129M sold.
Based on aggregated 13F filings for Q3 2025.