State Street SPDR S&P Software & Services ETF
XSW
113 hedge funds and large institutions have $223M invested in State Street SPDR S&P Software & Services ETF in 2026 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 24 increasing their positions, 31 reducing their positions, and 22 closing their positions.
27% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 22
4% more funds holding
Funds holding: 109 → 113 (+4)
2.99% more ownership
Funds ownership: 55.01% → 58% (+3%)
7% less capital invested
Capital invested by funds: $239M → $223M (-$16.1M)
23% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 31
36% less call options, than puts
Call options by funds: $1.37M | Put options by funds: $2.15M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$71.3M |
| 2 |
KWM
Kingsview Wealth Management
Grants Pass,
Oregon
|
+$17.3M |
| 3 |
Morgan Stanley
New York
|
+$9.55M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$6.35M |
| 5 |
PLU
Performa Ltd (US)
Charleston,
South Carolina
|
+$4.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$51.8M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$4.87M |
| 3 |
Corient Private Wealth
Miami,
Florida
|
-$4.61M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$3.82M |
| 5 |
LPL Financial
San Diego,
California
|
-$2.83M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MCC
126
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$303K | -1,620 | Closed |
|
|
SIA
127
SkyView Investment Advisors
Shrewsbury,
New Jersey
| – | -$253K | -1,352 | Closed |
|
128
AQR Capital Management
Greenwich,
Connecticut
| – | -$246K | -1,312 | Closed |
|
|
MFG
129
Merit Financial Group
Alpharetta,
Georgia
| – | -$225K | -1,200 | Closed |
|
|
CBA
130
Coastal Bridge Advisors
Westport,
Connecticut
| – | -$219K | -1,168 | Closed |
|
131
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$217K | -1,159 | Closed |
|
|
PCM
132
Pincus Capital Management
New York
| – | -$215K | -1,150 | Closed |
|
|
SF
133
Summit Financial
Parsippany,
New Jersey
| – | -$200K | -1,069 | Closed |
|
|
AWM
134
Angeles Wealth Management
Santa Monica,
California
| – | -$46.8K | -250 | Closed |
|
|
JFA
135
JNBA Financial Advisors
Bloomington,
Minnesota
| – | -$29.4K | -157 | Closed |
|
|
LWANC
136
Laurel Wealth Advisors (North Carolina)
Charlotte,
North Carolina
| – | -$12K | -64 | Closed |
|
|
PWM
137
Proathlete Wealth Management
Boca Raton,
Florida
| – | -$935 | -5 | Closed |
|
XSW Hedge Fund Activity: Q1 2026 in Review
113 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Software & Services ETF (XSW) for Q1 2026, worth a combined $223M — down 6.7% from $239M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new XSW positions and 22 closed out — a net gain of 6 holders — while 24 added to existing stakes and 31 trimmed.
The largest buyer was Carson Wealth (CWM LLC), opening a new position worth an estimated $71.3M. The largest seller was Bank of America, cutting an estimated $51.8M.
- 113 institutional investors held State Street SPDR S&P Software & Services ETF (XSW) as of Q1 2026, up from 109 in Q4 2025.
- Funds reported $223M of State Street SPDR S&P Software & Services ETF stock for Q1 2026, down 6.7% quarter-over-quarter.
- 28 funds opened new State Street SPDR S&P Software & Services ETF positions in Q1 2026 and 22 closed out, a net change of +6 holders.
- The largest State Street SPDR S&P Software & Services ETF buyer in Q1 2026 was Carson Wealth (CWM LLC), an estimated $71.3M added.
- The largest State Street SPDR S&P Software & Services ETF seller in Q1 2026 was Bank of America, an estimated $51.8M sold.
Based on aggregated 13F filings for Q1 2026.