Energy Select Sector SPDR Fund

XLE • ARCA

Energy Select Sector SPDR Fund is an exchange-traded fund on ARCA. As of Q3 2025, 1,683 institutional investors hold shares in this ETF, with total holdings valued at $17.3B. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $2.1B.

Overview

Overview of institutional ownership in XLE as of Q3 2025

All Institutions

Institutions: 1,683
Value Held: $17.3B
Shares Held: 193.7M
Avg Position: $10.3M
Median Position: $782.6K

Hedge Funds

Hedge Funds: 54
Value Held: $327.4M
Shares Held: 3.7M
Avg Position: $6.1M
Median Position: $1.6M

Biggest Investors

Institutions with the largest positions in XLE as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$2.1B 0.16% of portfolio	23.3M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$1.4B 0.08% of portfolio	15.3M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$944.6M 0.14% of portfolio	10.6M shares	≤ Q2 2013 Held for 12y 5m+	$691.34B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$932.4M 0.19% of portfolio	10.4M shares	≤ Q2 2013 Held for 12y 5m+	$488.50B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$881.7M 0.06% of portfolio	9.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
UBS Group AG Institution	Sergio P. Ermotti CEO	$721.7M 0.14% of portfolio	8.1M shares	Q4 2014 Held for 10y 11m	$511.54B
L LPL Financial LLC Institution	-	$575.8M 0.17% of portfolio	6.4M shares	≤ Q2 2013 Held for 12y 5m+	$340.07B
BARCLAYS PLC Institution	-	$376.4M 0.14% of portfolio	4.2M shares	≤ Q2 2013 Held for 12y 5m+	$271.65B
R ROYAL BANK OF CANADA Institution	-	$356.5M 0.07% of portfolio	4.0M shares	≤ Q2 2013 Held for 12y 5m+	$542.04B
MENORA MIVTACHIM HOLDINGS LTD. Private Equity	Edward Joseph Keefe CFO	$322.5M 1.64% of portfolio	3.6M shares	Q1 2023 Held for 2y 8m	$19.7B

Net Capital Flow

Institutional buying and selling activity for XLE in Q3 2025

Traded: −$1.2B
Buyers: 722
Sellers: 865
Total Bought: +$1.4B
Total Sold: −$2.7B
Avg Position: $9.6M

Biggest Buyers

Institution	Net Bought	Current Position
BARCLAYS PLC Institution	+$181.5M +2.0M shares	$376.4M 4.2M shares
C CIBC World Markets Inc. Institution	+$95.8M +1.1M shares	$184.1M 2.1M shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	+$74.4M +832.8K shares	$215.0M 2.4M shares
Green Harvest Asset Management LLC Long Only Manager	+$71.3M +798.0K shares	$71.3M 798.0K shares
Q Qube Research & Technologies Ltd Institution	+$69.1M +773.8K shares	$69.8M 781.4K shares
R ROYAL BANK OF CANADA Institution	+$66.0M +738.5K shares	$356.5M 4.0M shares
MENORA MIVTACHIM HOLDINGS LTD. Private Equity	+$60.2M +673.7K shares	$322.5M 3.6M shares
JPMORGAN CHASE & CO Institution	+$50.4M +564.1K shares	$881.7M 9.9M shares
A Advisor Group Holdings, Inc. Institution	+$50.0M +556.9K shares	$132.8M 1.5M shares
F FIL Ltd Institution	+$45.8M +512.6K shares	$47.4M 530.4K shares

Biggest Sellers

Institution	Net Sold	Current Position
WELLS FARGO & COMPANY/MN Institution	−$387.7M −4.3M shares	$932.4M 10.4M shares
BANK OF AMERICA CORP /DE/ Institution	−$302.5M −3.4M shares	$2.1B 23.3M shares
MORGAN STANLEY RIA/Wealth	−$246.4M −2.8M shares	$1.4B 15.3M shares
GOLDMAN SACHS GROUP INC Institution	−$203.2M −2.3M shares	$944.6M 10.6M shares
J JANE STREET GROUP, LLC Institution	−$189.6M −2.1M shares	$40.4M 452.6K shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$172.6M −1.9M shares	$238.8M 2.7M shares
UBS Group AG Institution	−$157.2M −1.8M shares	$721.7M 8.1M shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$70.6M −790.6K shares	$97.2M 1.1M shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	−$67.0M −750.0K shares	$120.6M 1.4M shares
Marshall Wace LLP Institution	−$66.0M −739.3K shares	$41.6M 465.5K shares

Entry and Exit Activity

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

New Positions: 43
New Value: $22.5M
Exited Positions: 118
Exited Value: $150.6M

New Positions

Institution	Position Value
V Volterra Technologies LP Hedge Fund•Quant	$4.0M 45.0K shares
Bulltick Wealth Management, LLC RIA/Wealth	$2.5M 27.7K shares
S Stonegate Management LLC Institution	$1.8M 20.4K shares
M Massar Capital Management, LP Institution	$1.7M 19.2K shares
C Cache Advisors, LLC Hedge Fund•Quant	$1.5M 16.7K shares
Compass Financial Group, Inc. RIA/Wealth	$1.4M 15.7K shares
C Canoe Financial LP Institution	$1.1M 12.0K shares
Hansen & Associates Financial Group, Inc. RIA/Wealth	$990.9K 10.8K shares
SUMMIT WEALTH GROUP LLC / CO RIA/Wealth	$965.7K 8.7K shares
D DAYMARK WEALTH PARTNERS, LLC RIA/Wealth	$875.5K 9.8K shares

Exited Positions

Institution	Previous Position
B & T Capital Management DBA Alpha Capital Management RIA/Wealth	$16.4M 193.9K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$14.1M 166.4K shares
R Rokos Capital Management LLP Hedge Fund•Global Macro	$12.7M 150.0K shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	$7.6M 90.1K shares
DiMeo Schneider & Associates, L.L.C. Pension/Endowment	$7.5M 87.9K shares
C Capula Management Ltd Institution	$4.8M 56.3K shares
T Trans-Canada Capital Inc. Institution	$4.3M 51.0K shares
Fullerton Fund Management Co Ltd RIA/Wealth	$3.7M 43.5K shares
C Centric Wealth Management RIA/Wealth	$3.5M 40.8K shares
G GROUP ONE TRADING, L.P. Institution	$3.3M 39.0K shares

Options Activity

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

Call Positions: 65
Call Value: $5.1B
Put Positions: 72
Put Value: $11.1B

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$588.9M 65.9K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$584.1M 65.4K contracts
J JANE STREET GROUP, LLC Institution	$474.5M 53.1K contracts
P PEAK6 LLC Institution	$435.4M 48.7K contracts
CITIGROUP INC Institution	$345.5M 38.7K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$335.5M 37.6K contracts
BANK OF AMERICA CORP /DE/ Institution	$298.0M 33.4K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$295.9M 33.1K contracts
UBS Group AG Institution	$269.6M 30.2K contracts
Walleye Trading LLC RIA/Wealth	$172.9M 19.4K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.1B 233.8K contracts
J JANE STREET GROUP, LLC Institution	$1.1B 128.2K contracts
BANK OF AMERICA CORP /DE/ Institution	$1.1B 126.6K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$1.0B 115.5K contracts
R ROYAL BANK OF CANADA Institution	$831.3M 93.1K contracts
Elliott Investment Management L.P. Hedge Fund•Multi-Strategy	$714.7M 80.0K contracts
CITIGROUP INC Institution	$556.4M 62.3K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$554.5M 62.1K contracts
BARCLAYS PLC Institution	$523.5M 58.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$355.5M 39.8K contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
S Saudi Central Bank Institution	-	7.33% $193.0M	2.2M shares	Q4 2022 Held for 2y 11m	$2.6B
Castellan Group, LLC Family Office	Barry Charles Brauch Managing Partner	7.04% $6.1M	68.7K shares	Q1 2023 Held for 2y 8m	$87.1M
Granger Management LLC Fund of Funds	Andrew Conried Walter Managing Partner	6.48% $22.2M	248.5K shares	Q4 2020 Held for 4y 11m	$342.6M
AFFINITY WEALTH MANAGEMENT RIA/Wealth	Michael Joseph Sicuranza CEO	4.60% $31.1M	348.6K shares	Q1 2022 Held for 3y 8m	$677.6M
S Solitude Financial Services RIA/Wealth	Ashley Jonathon Vice CCO	4.17% $12.2M	136.4K shares	Q4 2020 Held for 4y 11m	$292.2M
O OneAscent Family Office, LLC Institution	-	4.10% $4.9M	54.9K shares	Q4 2024 Held for 11 months	$119.7M
J.Safra Asset Management Corp Fund of Funds	Rafay Hassan Farooqui CEO	4.09% $67.3M	753.5K shares	Q4 2020 Held for 4y 11m	$1.6B
Cadence Wealth Management LLC RIA/Wealth	Thomas Garth Shiffer Managing Partner	4.08% $7.7M	86.6K shares	Q1 2021 Held for 4y 8m	$189.4M
T Turn8 Private Wealth Inc. RIA/Wealth	Craig Stuart Mcfadzean President	3.99% $5.5M	61.8K shares	Q4 2024 Held for 11 months	$138.4M
E Econ Financial Services Corp Institution	-	3.92% $7.9M	87.9K shares	Q4 2024 Held for 11 months	$200.6M

Hedge Fund Spotlight

Discover hedge funds investing in XLE

Blue Door Asset Management, LLC

Hedge Fund • Long/Short

Portfolio ManagerMichael Jay Luddy

Portfolio Value: $176.7M
Positions: 23
Last Reported: Q3 2025

Sector Allocation

Position in Energy Select Sector SPDR Fund

Market Value: $1.8M
Shares Held: 20.0K
Portfolio Weight: 1.01%
Owned Since: 2021-Q4

Top Holding	Sector	Market Value	Weight
1 Flex Ltd. FLEX	Hardware, Equipment & Parts Technology	$23.4M	13.25%
2 PayPal Holdings, Inc. PYPL	Financial - Credit Services Financial Services	$22.2M	12.56%
3 Nextpower Inc. NXT	Solar Energy	$20.5M	11.59%