Technology Select Sector SPDR Fund

XLK • ARCA

Technology Select Sector SPDR Fund is an exchange-traded fund on ARCA. As of Q3 2025, 2,236 institutional investors hold shares in this ETF, with total holdings valued at $48.1B. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $3.4B.

Overview

Overview of institutional ownership in XLK as of Q3 2025

All Institutions

Institutions: 2,236
Value Held: $48.1B
Shares Held: 170.5M
Avg Position: $21.5M
Median Position: $1.2M

Hedge Funds

Hedge Funds: 50
Value Held: $435.6M
Shares Held: 1.5M
Avg Position: $8.7M
Median Position: $2.0M

Biggest Investors

Institutions with the largest positions in XLK 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	$3.4B 0.25% of portfolio	12.1M shares	≤ Q2 2013 Held for 12y 6m+	$1.33T
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$3.3B 0.67% of portfolio	11.6M shares	≤ Q2 2013 Held for 12y 6m+	$488.52B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$3.0B 0.18% of portfolio	10.5M shares	≤ Q2 2013 Held for 12y 6m+	$1.65T
L LPL Financial LLC Institution	-	$2.2B 0.64% of portfolio	7.7M shares	≤ Q2 2013 Held for 12y 6m+	$340.07B
C Colony Group, LLC Institution	-	$1.9B 3.09% of portfolio	6.7M shares	Q4 2023 Held for 2 years	$61.0B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$1.5B 0.44% of portfolio	5.3M shares	≤ Q2 2013 Held for 12y 6m+	$342.01B
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$1.5B 0.34% of portfolio	5.3M shares	≤ Q2 2013 Held for 12y 6m+	$433.11B
UBS Group AG Institution	Sergio P. Ermotti CEO	$1.4B 0.28% of portfolio	5.1M shares	Q4 2014 Held for 11 years	$511.60B
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$1.3B 0.19% of portfolio	4.6M shares	≤ Q2 2013 Held for 12y 6m+	$691.37B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$1.2B 0.07% of portfolio	4.1M shares	≤ Q2 2013 Held for 12y 6m+	$1.56T

Net Capital Flow

Institutional buying and selling activity for XLK in Q3 2025

Traded: +$2.9B
Buyers: 992
Sellers: 845
Total Bought: +$5.5B
Total Sold: −$2.6B
Avg Position: $20.9M

Biggest Buyers

Institution	Net Bought	Current Position
C Colony Group, LLC Institution	+$1.4B +5.1M shares	$1.9B 6.7M shares
Main Management ETF Advisors, LLC Institution	+$502.6M +1.8M shares	$756.6M 2.7M shares
Green Harvest Asset Management LLC Long Only Manager	+$467.0M +1.7M shares	$467.0M 1.7M shares
B BNP PARIBAS ARBITRAGE, SA Institution	+$310.1M +1.1M shares	$336.3M 1.2M shares
A Advisor Group Holdings, Inc. Institution	+$287.8M +1.0M shares	$514.6M 1.9M shares
F FACTORY MUTUAL INSURANCE CO Institution	+$191.9M +681.0K shares	$331.8M 1.2M shares
JPMORGAN CHASE & CO Institution	+$173.5M +615.4K shares	$1.2B 4.1M shares
AMERIPRISE FINANCIAL INC Institution	+$127.4M +451.8K shares	$1.5B 5.3M shares
WELLS FARGO & COMPANY/MN Institution	+$104.6M +371.1K shares	$3.3B 11.6M shares
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	+$93.5M +331.9K shares	$121.4M 430.9K shares

Biggest Sellers

Institution	Net Sold	Current Position
MORGAN STANLEY RIA/Wealth	−$409.7M −1.5M shares	$3.0B 10.5M shares
BANK OF AMERICA CORP /DE/ Institution	−$245.6M −871.5K shares	$3.4B 12.1M shares
M Migdal Insurance & Financial Holdings Ltd. Institution	−$193.3M −685.9K shares	$540.5M 1.9M shares
S SUMITOMO MITSUI FINANCIAL GROUP, INC. Institution	−$139.3M −550.0K shares	Sold Off 0 shares
Janney Montgomery Scott LLC RIA/Wealth	−$118.0M −418.5K shares	$670.4M 2.4M shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	−$108.2M −383.7K shares	$1.1B 4.1M shares
WestEnd Advisors, LLC Long Only Manager	−$97.9M −347.3K shares	$510.3M 1.8M shares
BB&T CORP Institution	−$97.7M −346.5K shares	$712.8M 2.5M shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$70.4M −249.9K shares	$1.5B 5.3M shares
Marshall Wace LLP Institution	−$63.8M −226.2K shares	$31.9M 113.0K shares

Entry and Exit Activity

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

New Positions: 74
New Value: $100.3M
Exited Positions: 64
Exited Value: $378.7M

New Positions

Institution	Position Value
D DAIDO LIFE INSURANCE CO Institution	$12.6M 44.8K shares
SMI Advisory Services, LLC RIA/Wealth	$11.3M 39.9K shares
P Perbak Capital Partners LLP Institution	$10.1M 35.8K shares
Constant Guidance Financial LLC RIA/Wealth	$8.0M 28.4K shares
Cinctive Capital Management LP Hedge Fund•Multi-Strategy	$7.6M 26.9K shares
Sharp Financial Services, LLC RIA/Wealth	$7.4M 26.3K shares
E Equity Wealth Partners, LLC RIA/Wealth	$5.2M 18.4K shares
Lanham O'Dell & Company, Inc. RIA/Wealth	$4.5M 15.9K shares
C CREDIT INDUSTRIEL ET COMMERCIAL Institution	$3.5M 12.2K shares
PALISADE CAPITAL MANAGEMENT LLC/NJ Long Only Manager	$2.9M 10.3K shares

Exited Positions

Institution	Previous Position
S SUMITOMO MITSUI FINANCIAL GROUP, INC. Institution	$139.3M 550.0K shares
N Nan Shan Life Insurance Co., Ltd. Institution	$52.6M 207.6K shares
R Rokos Capital Management LLP Hedge Fund•Global Macro	$41.8M 165.0K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$22.0M 86.9K shares
D D. E. Shaw & Co., Inc. Institution	$17.0M 67.1K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$14.9M 58.7K shares
D DRW Securities, LLC Institution	$11.7M 46.4K shares
SUNRISE PARTNERS LIMITED PARTNERSHIP /CT Hedge Fund•Multi-Strategy	$9.9M 39.2K shares
GR FINANCIAL GROUP, LLC RIA/Wealth	$8.5M 33.4K shares
Cullen Capital Management, LLC Long Only Manager	$7.0M 27.5K shares

Options Activity

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

Call Positions: 30
Call Value: $2.4B
Put Positions: 43
Put Value: $4.1B

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$562.6M 20.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$545.4M 19.4K contracts
J JANE STREET GROUP, LLC Institution	$501.2M 17.8K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$138.8M 4.9K contracts
W WOLVERINE TRADING, LLC Institution	$123.1M 4.4K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$102.8M 3.6K contracts
UBS Group AG Institution	$94.9M 3.4K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$76.2M 2.7K contracts
BARCLAYS PLC Institution	$53.1M 1.9K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$51.5M 1.8K contracts

Put Positions

Institution	Position Value
J JANE STREET GROUP, LLC Institution	$843.3M 29.9K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$751.8M 26.7K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$662.0M 23.5K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$436.8M 15.5K contracts
Jain Global LLC Hedge Fund•Multi-Strategy	$209.9M 7.4K contracts
W WOLVERINE TRADING, LLC Institution	$127.0M 4.5K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$123.6M 4.4K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$113.0M 4.0K contracts
CITIGROUP INC Institution	$112.7M 4.0K contracts
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$74.1M 2.6K contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Main Management ETF Advisors, LLC Institution	Kim David Arthur CEO	29.30% $756.6M	2.7M shares	Q4 2017 Held for 8 years	$2.6B
IMZ Advisory Inc RIA/Wealth	Irwin Michael Zagoria CEO	26.26% $70.5M	250.3K shares	Q4 2023 Held for 2 years	$268.6M
PTM WEALTH MANAGEMENT, LLC RIA/Wealth	Paul Thomas Murray President	15.09% $25.2M	87.7K shares	Q1 2025 Held for 9 months	$167.2M
S Sequent Asset Management, LLC Institution	-	14.71% $19.8M	70.1K shares	≤ Q2 2013 Held for 12y 6m+	$134.4M
Bonfire Financial RIA/Wealth	Brian C Colvert Managing Partner	14.36% $18.7M	66.3K shares	Q4 2024 Held for 1 year	$130.2M
Marks Wealth, LLC RIA/Wealth	Charles Marks CEO	13.69% $44.3M	157.2K shares	Q2 2024 Held for 1y 6m	$323.7M
Presper Financial Architects, LLC RIA/Wealth	Thomas Michael Presper Managing Partner	13.66% $23.5M	83.5K shares	Q2 2025 Held for 6 months	$172.4M
F Fairfield Financial Advisors, LTD RIA/Wealth	Jane Virginia King President	13.14% $27.6M	98.0K shares	Q2 2024 Held for 1y 6m	$210.3M
Bellwether Advisors, LLC RIA/Wealth	Leila Mehrizi Shaver CCO	12.37% $74.8M	265.5K shares	Q1 2023 Held for 2y 9m	$604.9M
Conservest Capital Advisors, Inc. RIA/Wealth	Keith Charles Goddard CEO	12.32% $133.0M	471.7K shares	Q1 2017 Held for 8y 9m	$1.1B

Hedge Fund Spotlight

Discover hedge funds investing in XLK

WEXFORD CAPITAL LP

Hedge Fund • Multi-Strategy

Portfolio ManagerCharles Eugene Davidson

Portfolio Value: $330.0M
Positions: 393
Last Reported: Q3 2025

Sector Allocation

Position in Technology Select Sector SPDR Fund

Market Value: $2.2M
Shares Held: 7.8K
Portfolio Weight: 0.67%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Mammoth Energy Services, Inc. TUSK	Conglomerates Industrials	$50.6M	15.33%
2 Nephros NEPH	Medical - Instruments & Supplies Healthcare	$17.1M	5.18%
3 Cornerstone Building Brands CNR	Unknown Unknown	$14.1M	4.28%