SPDR S&P Homebuilders

XHB • ARCA

SPDR S&P Homebuilders is an exchange-traded fund on ARCA. As of Q3 2025, 301 institutional investors hold shares in this ETF, with total holdings valued at $2.1B. GOLDMAN SACHS GROUP INC is the largest holder with a position valued at $259.9M.

Overview

Overview of institutional ownership in XHB as of Q3 2025

All Institutions

Institutions: 301
Value Held: $2.1B
Shares Held: 18.7M
Avg Position: $6.9M
Median Position: $443.4K

Hedge Funds

Hedge Funds: 23
Value Held: $164.6M
Shares Held: 1.5M
Avg Position: $7.2M
Median Position: $2.2M

Biggest Investors

Institutions with the largest positions in XHB as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$259.9M 0.04% of portfolio	2.3M shares	≤ Q2 2013 Held for 12y 5m+	$691.34B
CITIGROUP INC Institution	Jane Fraser CEO	$240.1M 0.17% of portfolio	2.2M shares	≤ Q2 2013 Held for 12y 5m+	$144.32B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$161.0M 0.01% of portfolio	1.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
N NATIXIS Institution	-	$122.0M 0.66% of portfolio	1.1M shares	Q4 2022 Held for 2y 11m	$18.4B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$103.9M 0.01% of portfolio	937.3K shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
BARCLAYS PLC Institution	-	$96.6M 0.04% of portfolio	871.8K shares	≤ Q2 2013 Held for 12y 5m+	$271.65B
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	-	$88.6M 0.17% of portfolio	800.0K shares	Q1 2021 Held for 4y 8m	$53.3B
B BNP PARIBAS ARBITRAGE, SA Institution	-	$79.9M 0.06% of portfolio	720.8K shares	≤ Q2 2013 Held for 12y 5m+	$126.06B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$58.3M 0.00% of portfolio	526.0K shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
UBS Group AG Institution	Sergio P. Ermotti CEO	$57.2M 0.01% of portfolio	516.3K shares	Q4 2014 Held for 10y 11m	$511.54B

Net Capital Flow

Institutional buying and selling activity for XHB in Q3 2025

Net Flow: +$17.9M
Buyers: 100
Sellers: 96
Total Bought: +$505.1M
Total Sold: −$487.2M
Avg Position: $7.2M

Biggest Buyers

Institution	Net Bought	Current Position
CITIGROUP INC Institution	+$172.5M +1.6M shares	$240.1M 2.2M shares
BARCLAYS PLC Institution	+$87.2M +787.5K shares	$96.6M 871.8K shares
B BNP PARIBAS ARBITRAGE, SA Institution	+$67.2M +606.3K shares	$79.9M 720.8K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$37.3M +336.5K shares	$39.9M 359.8K shares
R ROYAL BANK OF CANADA Institution	+$20.0M +180.3K shares	$32.5M 293.3K shares
Passaic Partners LLC Hedge Fund•Multi-Strategy	+$18.3M +165.3K shares	$18.3M 165.3K shares
CoreCap Advisors, LLC RIA/Wealth	+$13.5M +122.0K shares	$13.5M 122.3K shares
L LPL Financial LLC Institution	+$13.1M +118.0K shares	$41.8M 377.1K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$7.0M +63.4K shares	$12.2M 110.1K shares
Marshall Wace LLP Institution	+$6.5M +58.5K shares	$25.3M 228.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
H Harel Insurance Investments & Financial Services Ltd. Institution	−$118.5M −1.2M shares	Sold Off 0 shares
MORGAN STANLEY RIA/Wealth	−$58.4M −527.5K shares	$161.0M 1.5M shares
UBS Group AG Institution	−$54.1M −488.5K shares	$57.2M 516.3K shares
GOLDMAN SACHS GROUP INC Institution	−$53.4M −482.1K shares	$259.9M 2.3M shares
STATE OF WISCONSIN INVESTMENT BOARD RIA/Wealth	−$39.4M −400.0K shares	Sold Off 0 shares
Q Qube Research & Technologies Ltd Institution	−$24.6M −222.0K shares	$2.5M 22.9K shares
BANK OF AMERICA CORP /DE/ Institution	−$23.7M −214.1K shares	$103.9M 937.3K shares
J JANE STREET GROUP, LLC Institution	−$15.1M −136.5K shares	$687.0K 6.2K shares
Walleye Trading LLC RIA/Wealth	−$12.6M −113.9K shares	$2.5M 22.2K shares
JPMORGAN CHASE & CO Institution	−$9.4M −85.1K shares	$58.3M 526.0K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited XHB in Q3 2025

New Positions: 25
New Value: $68.0M
Exited Positions: 31
Exited Value: $193.2M

New Positions

Institution	Position Value
A Annex Advisory Services, LLC Institution	$45.3M 408.9K shares
S SURIENCE PRIVATE WEALTH LLC RIA/Wealth	$8.5M 76.8K shares
S S.A.C. Capital Advisors Ltd. Institution	$5.0M 45.0K shares
B Brevan Howard Capital Management LP Institution	$1.6M 14.3K shares
CHILDRESS CAPITAL ADVISORS, LLC RIA/Wealth	$1.6M 14.1K shares
Columbus Macro, LLC Long Only Manager	$1.5M 13.9K shares
T THOMIST CAPITAL MANAGEMENT, LP Hedge Fund•Long/Short	$995.7K 9.0K shares
Focus Financial Network, Inc. RIA/Wealth	$733.1K 6.6K shares
C Cadent Capital Advisors, LLC RIA/Wealth	$652.8K 5.9K shares
Mount Yale Investment Advisors, LLC RIA/Wealth	$396.7K 3.6K shares

Exited Positions

Institution	Previous Position
H Harel Insurance Investments & Financial Services Ltd. Institution	$118.5M 1.2M shares
STATE OF WISCONSIN INVESTMENT BOARD RIA/Wealth	$39.4M 400.0K shares
Graham Capital Management, L.P. Hedge Fund•Multi-Strategy	$8.5M 86.0K shares
Aster Capital Management Ltd RIA/Wealth	$5.1M 52.0K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$4.8M 48.5K shares
V Vestcor Investment Management Corp Institution	$3.9M 40.0K shares
W WOLVERINE TRADING, LLC Institution	$2.5M 25.2K shares
Palumbo Wealth Management LLC RIA/Wealth	$2.5M 24.9K shares
I Itau Unibanco Holding S.A. Institution	$1.7M 17.5K shares
OPPENHEIMER & CO INC RIA/Wealth	$966.7K 9.8K shares

Options Activity

Institutions with the largest Call and Put options positions in XHB as of Q3 2025

Call Positions: 22
Call Value: $348.0M
Put Positions: 29
Put Value: $642.0M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$91.2M 8.2K contracts
C Capula Management Ltd Institution	$66.5M 6.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$31.2M 2.8K contracts
P PEAK6 LLC Institution	$29.2M 2.6K contracts
J JANE STREET GROUP, LLC Institution	$28.7M 2.6K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$17.7M 1.6K contracts
B Brevan Howard Capital Management LP Institution	$16.6M 1.5K contracts
CITIGROUP INC Institution	$13.4M 1.2K contracts
Marshall Wace LLP Institution	$13.4M 1.2K contracts
SONA ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$11.1M 1.0K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$171.3M 15.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$164.3M 14.8K contracts
J JANE STREET GROUP, LLC Institution	$83.3M 7.5K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$58.8M 5.3K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$29.1M 2.6K contracts
ARES MANAGEMENT LLC Private Equity	$22.2M 2.0K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$17.2M 1.6K contracts
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	$17.0M 1.5K contracts
Caption Management, LLC Hedge Fund•Long/Short	$11.1M 1.0K contracts
Verition Fund Management LLC Hedge Fund•Multi-Strategy	$11.1M 1.0K contracts

Most Committed Institutions

Institutions with XHB as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
S SURIENCE PRIVATE WEALTH LLC RIA/Wealth	Armand Alexander Doucette President	8.06% $8.5M	76.8K shares	Q3 2025 Held for 2 months	$105.6M
ELEMENT CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	Jeffrey Marc Talpins CEO	7.85% $5.5M	50.0K shares	Q1 2025 Held for 8 months	$70.6M
Viewpoint Capital Management LLC RIA/Wealth	Ryan P Sawyer CCO	2.87% $6.5M	58.7K shares	Q4 2021 Held for 3y 11m	$226.6M
M MIRAE ASSET SECURITIES INC. Institution	-	2.45% $55.4M	500.0K shares	Q2 2024 Held for 1y 5m	$2.3B
Passaic Partners LLC Hedge Fund•Multi-Strategy	Carl Joshua Silva CIO	2.21% $18.3M	165.3K shares	Q1 2024 Held for 1y 8m	$830.6M
Q Q3 Asset Management Long Only Manager	Bradford Nicholas Giaimo President	1.26% $3.6M	32.8K shares	Q3 2025 Held for 2 months	$288.1M
K Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Institution	-	1.22% $5.9M	53.2K shares	Q4 2020 Held for 4y 11m	$482.5M
Atom Investors LP Hedge Fund•Market Neutral	Basil Qunibi CEO	1.19% $15.7M	141.9K shares	Q3 2023 Held for 2y 2m	$1.3B
K Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD Institution	-	1.11% $16.3M	147.5K shares	Q4 2020 Held for 4y 11m	$1.5B
BOS Asset Management, LLC RIA/Wealth	Jason Knoedler CEO	1.09% $3.8M	34.4K shares	Q1 2025 Held for 8 months	$350.9M

Hedge Fund Spotlight

Discover hedge funds investing in XHB

Quantitative Investment Management, LLC

Hedge Fund • Quant Macro

Portfolio ManagerJaffray Piers Woodriff

Portfolio Value: $655.9M
Positions: 298
Last Reported: Q3 2025

Sector Allocation

Position in SPDR S&P Homebuilders

Market Value: $1.5M
Shares Held: 13.7K
Portfolio Weight: 0.23%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Tesla, Inc. TSLA	Auto - Manufacturers Consumer Cyclical	$35.0M	5.34%
2 Nvidia NVDA	Semiconductors Technology	$28.3M	4.32%
3 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$25.7M	3.91%