State Street SPDR S&P Oil & Gas Exploration & Production ETF
319 hedge funds and large institutions have $3.34B invested in State Street SPDR S&P Oil & Gas Exploration & Production ETF in 2025 Q4 according to their latest regulatory filings, with 46 funds opening new positions, 89 increasing their positions, 110 reducing their positions, and 55 closing their positions.
4% less funds holding
Funds holding: 334 → 319 (-15)
10% less capital invested
Capital invested by funds: $3.71B → $3.34B (-$364M)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
15.32% less ownership
Funds ownership: 196.49% → 181.17% (-15%)
16% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 55
19% less repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 110
66% less call options, than puts
Call options by funds: $870M | Put options by funds: $2.54B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barclays
London,
United Kingdom
|
+$155M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$120M |
| 3 |
Capstone Investment Advisors
New York
|
+$61.8M |
| 4 |
Two Sigma Investments
New York
|
+$54.5M |
| 5 |
National Bank of Canada
Montreal,
Quebec, Canada
|
+$42.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$383M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$126M |
| 3 |
Citigroup
New York
|
-$60.1M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$45.4M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$42.6M |
XOP Hedge Fund Activity: Q4 2025 in Review
319 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP) for Q4 2025, worth a combined $3.34B — down 9.8% from $3.71B a quarter earlier.
Sellers outnumbered buyers: 55 funds closed out of XOP and 46 opened new positions — a net loss of 9 holders — while 110 trimmed existing stakes and 89 added.
The largest buyer was Barclays, adding an estimated $155M. The largest seller was JP Morgan Chase, cutting an estimated $383M.
- 319 institutional investors held State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP) as of Q4 2025, down from 334 in Q3 2025.
- Funds reported $3.34B of State Street SPDR S&P Oil & Gas Exploration & Production ETF stock for Q4 2025, down 9.8% quarter-over-quarter.
- 46 funds opened new State Street SPDR S&P Oil & Gas Exploration & Production ETF positions in Q4 2025 and 55 closed out, a net change of -9 holders.
- The largest State Street SPDR S&P Oil & Gas Exploration & Production ETF buyer in Q4 2025 was Barclays, an estimated $155M added.
- The largest State Street SPDR S&P Oil & Gas Exploration & Production ETF seller in Q4 2025 was JP Morgan Chase, an estimated $383M sold.
Based on aggregated 13F filings for Q4 2025.