State Street SPDR S&P Metals & Mining ETF
376 hedge funds and large institutions have $2.4B invested in State Street SPDR S&P Metals & Mining ETF in 2025 Q4 according to their latest regulatory filings, with 102 funds opening new positions, 106 increasing their positions, 109 reducing their positions, and 40 closing their positions.
155% more first-time investments, than exits
New positions opened: 102 | Existing positions closed: 40
22% more funds holding in top 10
Funds holding in top 10: 9 → 11 (+2)
19% more funds holding
Funds holding: 316 → 376 (+60)
14% more capital invested
Capital invested by funds: $2.1B → $2.4B (+$300M)
3% less repeat investments, than reductions
Existing positions increased: 106 | Existing positions reduced: 109
8.66% less ownership
Funds ownership: 78.82% → 70.17% (-8.7%)
17% less call options, than puts
Call options by funds: $817M | Put options by funds: $986M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$118M |
| 2 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$82.3M |
| 3 |
MIH
Meitav Investment House
Bene-Beraq,
Israel
|
+$82.1M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$29.4M |
| 5 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$19.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MMH
Menora Mivtachim Holdings
Ramat Gan,
Israel
|
-$215M |
| 2 |
N
Natixis
Paris,
France
|
-$34.7M |
| 3 |
JP Morgan Chase
New York
|
-$29.7M |
| 4 |
Barclays
London,
United Kingdom
|
-$29M |
| 5 |
VT
Volterra Technologies
New York
|
-$20.1M |
XME Hedge Fund Activity: Q4 2025 in Review
376 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Metals & Mining ETF (XME) for Q4 2025, worth a combined $2.4B — up 14% from $2.1B a quarter earlier.
Buyers outnumbered sellers: 102 funds opened new XME positions and 40 closed out — a net gain of 62 holders — while 106 added to existing stakes and 109 trimmed.
The largest buyer was UBS Group, adding an estimated $118M. The largest seller was Menora Mivtachim Holdings, exiting entirely with an estimated $215M sold.
- 376 institutional investors held State Street SPDR S&P Metals & Mining ETF (XME) as of Q4 2025, up from 316 in Q3 2025.
- Funds reported $2.4B of State Street SPDR S&P Metals & Mining ETF stock for Q4 2025, up 14% quarter-over-quarter.
- 102 funds opened new State Street SPDR S&P Metals & Mining ETF positions in Q4 2025 and 40 closed out, a net change of +62 holders.
- The largest State Street SPDR S&P Metals & Mining ETF buyer in Q4 2025 was UBS Group, an estimated $118M added.
- The largest State Street SPDR S&P Metals & Mining ETF seller in Q4 2025 was Menora Mivtachim Holdings, an estimated $215M sold.
Based on aggregated 13F filings for Q4 2025.