Materials Select Sector Fund

XLB • ARCA

Materials Select Sector Fund is an exchange-traded fund on ARCA. As of Q3 2025, 749 institutional investors hold shares in this ETF, with total holdings valued at $4.5B. BARCLAYS PLC is the largest holder with a position valued at $529.9M.

Overview

Overview of institutional ownership in XLB as of Q3 2025

All Institutions

Institutions: 749
Value Held: $4.5B
Shares Held: 50.1M
Avg Position: $6.0M
Median Position: $513.3K

Hedge Funds

Hedge Funds: 24
Value Held: $113.0M
Shares Held: 1.3M
Avg Position: $4.7M
Median Position: $1.1M

Biggest Investors

Institutions with the largest positions in XLB as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BARCLAYS PLC Institution	-	$529.9M 0.20% of portfolio	5.9M shares	≤ Q2 2013 Held for 12y 5m+	$271.65B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$453.1M 0.03% of portfolio	5.1M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$316.1M 0.02% of portfolio	3.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$233.8M 0.03% of portfolio	2.6M shares	≤ Q2 2013 Held for 12y 5m+	$691.34B
B BNP PARIBAS ARBITRAGE, SA Institution	-	$148.0M 0.12% of portfolio	1.7M shares	≤ Q2 2013 Held for 12y 5m+	$126.06B
MENORA MIVTACHIM HOLDINGS LTD. Private Equity	Edward Joseph Keefe CFO	$146.6M 0.74% of portfolio	1.6M shares	Q4 2024 Held for 11 months	$19.7B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$109.3M 0.02% of portfolio	1.2M shares	≤ Q2 2013 Held for 12y 5m+	$488.50B
L LPL Financial LLC Institution	-	$90.4M 0.03% of portfolio	1.0M shares	≤ Q2 2013 Held for 12y 5m+	$340.07B
C CIBC World Markets Inc. Institution	-	$89.7M 0.18% of portfolio	1.0M shares	Q3 2020 Held for 5y 2m	$48.7B
UBS Group AG Institution	Sergio P. Ermotti CEO	$78.4M 0.02% of portfolio	874.4K shares	Q4 2014 Held for 10y 11m	$511.54B

Net Capital Flow

Institutional buying and selling activity for XLB in Q3 2025

Traded: +$64.7M
Buyers: 321
Sellers: 327
Total Bought: +$622.1M
Total Sold: −$557.4M
Avg Position: $5.5M

Biggest Buyers

Institution	Net Bought	Current Position
BARCLAYS PLC Institution	+$117.2M +1.3M shares	$529.9M 5.9M shares
MENORA MIVTACHIM HOLDINGS LTD. Private Equity	+$60.0M +670.0K shares	$146.6M 1.6M shares
BANK OF NOVA SCOTIA / Institution	+$44.9M +500.9K shares	$44.9M 500.9K shares
D D. E. Shaw & Co., Inc. Institution	+$29.8M +332.5K shares	$29.8M 332.5K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$29.6M +330.8K shares	$30.7M 342.4K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$28.7M +320.4K shares	$29.2M 325.8K shares
Kingsview Wealth Management, LLC RIA/Wealth	+$28.2M +314.8K shares	$29.4M 327.7K shares
GRIMES & COMPANY, INC. RIA/Wealth	+$20.5M +228.6K shares	$20.5M 228.6K shares
Caption Management, LLC Hedge Fund•Long/Short	+$20.1M +224.8K shares	$24.0M 267.8K shares
C Cubist Systematic Strategies, LLC Institution	+$17.0M +190.1K shares	$17.0M 190.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
MORGAN STANLEY RIA/Wealth	−$88.3M −985.0K shares	$316.1M 3.5M shares
C CIBC World Markets Inc. Institution	−$64.7M −721.7K shares	$89.7M 1.0M shares
GOLDMAN SACHS GROUP INC Institution	−$38.6M −430.6K shares	$233.8M 2.6M shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$37.5M −418.2K shares	$148.0M 1.7M shares
BANK OF AMERICA CORP /DE/ Institution	−$30.4M −339.1K shares	$453.1M 5.1M shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	−$26.9M −300.0K shares	$44.8M 500.0K shares
Q Qube Research & Technologies Ltd Institution	−$26.7M −304.6K shares	Sold Off 0 shares
C Condire Management, LP Hedge Fund•Long/Short	−$20.0M −227.5K shares	Sold Off 0 shares
UBS Group AG Institution	−$17.6M −196.6K shares	$78.4M 874.4K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$16.1M −179.1K shares	$4.5M 50.4K shares

Entry and Exit Activity

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

New Positions: 23
New Value: $16.4M
Exited Positions: 63
Exited Value: $100.9M

New Positions

Institution	Position Value
A ADAMS EXPRESS CO Long Only Manager	$4.6M 51.2K shares
CFC Planning Co LLC Private Equity	$2.6M 28.7K shares
CONSCIOUS WEALTH INVESTMENTS, LLC RIA/Wealth	$1.8M 20.8K shares
Maridea Wealth Management LLC RIA/Wealth	$1.7M 18.9K shares
S SIH Partners, LLLP Institution	$1.5M 17.2K shares
Biondo Investment Advisors, LLC RIA/Wealth	$922.6K 10.3K shares
V Volterra Technologies LP Hedge Fund•Quant	$821.4K 9.2K shares
Saxony Capital Management, LLC RIA/Wealth	$492.9K 5.5K shares
Vident Advisory, LLC ETF Provider	$471.6K 5.3K shares
MONECO Advisors, LLC RIA/Wealth	$470.9K 5.3K shares

Exited Positions

Institution	Previous Position
Q Qube Research & Technologies Ltd Institution	$26.7M 304.6K shares
C Condire Management, LP Hedge Fund•Long/Short	$20.0M 227.5K shares
S SIMPLEX TRADING, LLC Institution	$7.6M 86.9K shares
SummitTX Capital, L.P. Hedge Fund•Multi-Strategy	$4.6M 52.4K shares
M Meiji Yasuda Life Insurance Co Institution	$4.5M 51.4K shares
E EHP Funds Inc. Institution	$3.4M 38.3K shares
D DRW Securities, LLC Institution	$3.3M 37.9K shares
G GROUP ONE TRADING, L.P. Institution	$2.4M 27.4K shares
SUNRISE PARTNERS LIMITED PARTNERSHIP /CT Hedge Fund•Multi-Strategy	$2.4M 27.4K shares
F FLOW TRADERS U.S. LLC Institution	$2.3M 26.2K shares

Options Activity

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

Call Positions: 35
Call Value: $1.1B
Put Positions: 33
Put Value: $1.4B

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$474.7M 53.0K contracts
Gates Capital Management, Inc. Hedge Fund•Event Driven	$246.5M 27.5K contracts
BARCLAYS PLC Institution	$201.6M 22.5K contracts
BANK OF MONTREAL /CAN/ Institution	$73.7M 8.2K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$30.2M 3.4K contracts
Caption Management, LLC Hedge Fund•Long/Short	$17.2M 1.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$14.9M 1.7K contracts
UBS Group AG Institution	$14.8M 1.7K contracts
C Cubist Systematic Strategies, LLC Institution	$13.0M 1.4K contracts
J JANE STREET GROUP, LLC Institution	$10.5M 1.2K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$614.9M 68.6K contracts
Gates Capital Management, Inc. Hedge Fund•Event Driven	$313.7M 35.0K contracts
BARCLAYS PLC Institution	$268.9M 30.0K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$37.2M 4.2K contracts
UBS Group AG Institution	$31.2M 3.5K contracts
S SCOPUS ASSET MANAGEMENT, L.P. Hedge Fund•Long/Short	$26.9M 3.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$26.0M 2.9K contracts
C Cubist Systematic Strategies, LLC Institution	$24.2M 2.7K contracts
J JANE STREET GROUP, LLC Institution	$9.8M 1.1K contracts
C CREDIT AGRICOLE S A Institution	$9.0M 1.0K contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
CABANA LLC RIA/Wealth	George Chaddwick Mason CEO	4.71% $770.0K	8.6K shares	Q1 2025 Held for 8 months	$16.4M
LifePlan Financial, LLC RIA/Wealth	Larry Allen Kuyper President	4.66% $5.9M	65.6K shares	Q4 2023 Held for 1y 11m	$126.2M
S SRB Corp Insurance Manager	William Daniel Hartranft Director	4.44% $77.5M	864.8K shares	Q4 2024 Held for 11 months	$1.7B
Biltmore Wealth Management, LLC RIA/Wealth	Timothy Alan Carpenter Managing Partner	4.24% $11.1M	123.9K shares	Q4 2014 Held for 10y 11m	$262.0M
P Private Wealth Advisors, LLC RIA/Wealth	Nicholas Anthony Mazorra CIO	3.45% $9.1M	101.8K shares	Q1 2022 Held for 3y 8m	$264.8M
Beaumont Capital Management, LLC Long Only Manager	Michael B Nierenberg CEO	3.29% $5.0M	55.3K shares	Q3 2025 Held for 2 months	$150.6M
P Peak Retirement Planning, Inc. RIA/Wealth	Jr. Joseph Schmitz CEO	3.25% $10.6M	118.6K shares	Q1 2025 Held for 8 months	$327.0M
Provident Co of the Employees of the Hebrew University LTD RIA/Wealth	Christopher Keil Hicks President	2.70% $2.7M	30.3K shares	Q1 2024 Held for 1y 8m	$100.1M
P Prestige Wealth Management Group LLC RIA/Wealth	Roy Evans Williams CEO	2.50% $13.0M	144.8K shares	Q4 2024 Held for 11 months	$518.2M
H H&H Retirement Design & Management INC RIA/Wealth	Andrew Joseph Kathol President	2.48% $4.7M	53.8K shares	Q1 2023 Held for 2y 8m	$188.1M

Hedge Fund Spotlight

Discover hedge funds investing in XLB

RENAISSANCE TECHNOLOGIES LLC

Hedge Fund • Quant

Portfolio ManagerPeter Fitzhugh Brown

Portfolio Value: $75.8B
Positions: 3,419
Last Reported: Q3 2025

Sector Allocation

Position in Materials Select Sector Fund

Market Value: $5.6M
Shares Held: 62.3K
Portfolio Weight: 0.01%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$1.6B	2.06%
2 Nvidia NVDA	Semiconductors Technology	$1.1B	1.39%
3 Roblox RBLX	Electronic Gaming & Multimedia Technology	$953.5M	1.26%