State Street SPDR S&P Telecom ETF
XTL
67 hedge funds and large institutions have $135M invested in State Street SPDR S&P Telecom ETF in 2025 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 18 increasing their positions, 21 reducing their positions, and 6 closing their positions.
100% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 6
36% more capital invested
Capital invested by funds: $99.6M → $135M (+$35.7M)
10% more funds holding
Funds holding: 61 → 67 (+6)
2.16% more ownership
Funds ownership: 63.23% → 65.39% (+2.2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
14% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$32.9M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$5.03M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.66M |
| 4 |
FMP
Financial Management Professionals
Austin,
Texas
|
+$1.01M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$623K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Castleark Management
Chicago,
Illinois
|
-$8.36M |
| 2 |
LPL Financial
San Diego,
California
|
-$6.81M |
| 3 |
FEM
Fulcrum Equity Management
Plano,
Texas
|
-$933K |
| 4 |
Morgan Stanley
New York
|
-$776K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$661K |
XTL Hedge Fund Activity: Q4 2025 in Review
67 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Telecom ETF (XTL) for Q4 2025, worth a combined $135M — up 36% from $99.6M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new XTL positions and 6 closed out — a net gain of 6 holders — while 18 added to existing stakes and 21 trimmed.
The largest buyer was Carson Wealth (CWM LLC), opening a new position worth an estimated $32.9M. The largest seller was Castleark Management, exiting entirely with an estimated $8.36M sold.
- 67 institutional investors held State Street SPDR S&P Telecom ETF (XTL) as of Q4 2025, up from 61 in Q3 2025.
- Funds reported $135M of State Street SPDR S&P Telecom ETF stock for Q4 2025, up 36% quarter-over-quarter.
- 12 funds opened new State Street SPDR S&P Telecom ETF positions in Q4 2025 and 6 closed out, a net change of +6 holders.
- The largest State Street SPDR S&P Telecom ETF buyer in Q4 2025 was Carson Wealth (CWM LLC), an estimated $32.9M added.
- The largest State Street SPDR S&P Telecom ETF seller in Q4 2025 was Castleark Management, an estimated $8.36M sold.
Based on aggregated 13F filings for Q4 2025.