State Street SPDR S&P Software & Services ETF
XSW
110 hedge funds and large institutions have $250M invested in State Street SPDR S&P Software & Services ETF in 2025 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 22 increasing their positions, 45 reducing their positions, and 14 closing their positions.
1% more capital invested
Capital invested by funds: $246M → $250M (+$3.45M)
3.87% less ownership
Funds ownership: 53.72% → 49.85% (-3.9%)
5% less funds holding
Funds holding: 116 → 110 (-6)
36% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 14
51% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 45
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.17M |
| 2 |
EL
Essex LLC
Deer Park,
Illinois
|
+$2.68M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$2.6M |
| 4 |
TF
Tandem Financial
Greenwood Village,
Colorado
|
+$2.16M |
| 5 |
BlackRock
New York
|
+$1.84M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$32.5M |
| 2 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$3.87M |
| 3 |
LPL Financial
San Diego,
California
|
-$3.24M |
| 4 |
BAAM
Baker Avenue Asset Management
San Francisco,
California
|
-$3.01M |
| 5 |
KWM
Kingsview Wealth Management
Grants Pass,
Oregon
|
-$2.46M |
XSW Hedge Fund Activity: Q2 2025 in Review
110 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Software & Services ETF (XSW) for Q2 2025, worth a combined $250M — up 1.4% from $246M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of XSW and 9 opened new positions — a net loss of 5 holders — while 45 trimmed existing stakes and 22 added.
The largest buyer was Morgan Stanley, adding an estimated $3.17M. The largest seller was Bank of America, cutting an estimated $32.5M.
- 110 institutional investors held State Street SPDR S&P Software & Services ETF (XSW) as of Q2 2025, down from 116 in Q1 2025.
- Funds reported $250M of State Street SPDR S&P Software & Services ETF stock for Q2 2025, up 1.4% quarter-over-quarter.
- 9 funds opened new State Street SPDR S&P Software & Services ETF positions in Q2 2025 and 14 closed out, a net change of -5 holders.
- The largest State Street SPDR S&P Software & Services ETF buyer in Q2 2025 was Morgan Stanley, an estimated $3.17M added.
- The largest State Street SPDR S&P Software & Services ETF seller in Q2 2025 was Bank of America, an estimated $32.5M sold.
Based on aggregated 13F filings for Q2 2025.