Real Estate Select Sector SPDR Fund

XLRE • ARCA

Real Estate Select Sector SPDR Fund is an exchange-traded fund on ARCA. As of Q3 2025, 663 institutional investors hold shares in this ETF, with total holdings valued at $5.9B. Creative Planning is the largest holder with a position valued at $1.7B.

Overview

Overview of institutional ownership in XLRE as of Q3 2025

All Institutions

Institutions: 663
Value Held: $5.9B
Shares Held: 139.8M
Avg Position: $8.9M
Median Position: $553.7K

Hedge Funds

Hedge Funds: 14
Value Held: $56.6M
Shares Held: 1.3M
Avg Position: $4.0M
Median Position: $1.7M

Biggest Investors

Institutions with the largest positions in XLRE as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Creative Planning RIA/Wealth	Peter Alex Mallouk CEO	$1.7B 1.31% of portfolio	40.7M shares	Q4 2022 Held for 2y 11m	$130.86B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$791.8M 0.06% of portfolio	18.8M shares	Q4 2016 Held for 8y 11m	$1.33T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$281.1M 0.02% of portfolio	6.7M shares	Q4 2022 Held for 2y 11m	$1.65T
P Phoenix Holdings Ltd. Institution	-	$197.9M 2.38% of portfolio	4.7M shares	Q4 2022 Held for 2y 11m	$8.3B
L LPL Financial LLC Institution	-	$176.1M 0.05% of portfolio	4.2M shares	Q4 2022 Held for 2y 11m	$340.07B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$165.3M 0.03% of portfolio	3.9M shares	Q4 2022 Held for 2y 11m	$488.50B
Cassaday & Co Wealth Management LLC RIA/Wealth	Stephan Quinn Cassaday President	$133.2M 3.07% of portfolio	3.2M shares	Q4 2022 Held for 2y 11m	$4.3B
B BNP PARIBAS ARBITRAGE, SA Institution	-	$132.2M 0.10% of portfolio	3.1M shares	Q3 2025 Held for 2 months	$126.06B
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$100.8M 0.02% of portfolio	2.4M shares	Q1 2023 Held for 2y 8m	$433.11B
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$88.0M 0.01% of portfolio	2.1M shares	Q4 2022 Held for 2y 11m	$691.34B

Net Capital Flow

Institutional buying and selling activity for XLRE in Q3 2025

Traded: +$558.1M
Buyers: 352
Sellers: 257
Total Bought: +$777.7M
Total Sold: −$219.6M
Avg Position: $8.1M

Biggest Buyers

Institution	Net Bought	Current Position
Creative Planning RIA/Wealth	+$139.8M +3.3M shares	$1.7B 40.7M shares
P Phoenix Holdings Ltd. Institution	+$100.0M +2.4M shares	$197.9M 4.7M shares
Capital Investment Advisors, LLC RIA/Wealth	+$59.9M +87.8K shares	$59.9M 1.4M shares
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC Fund of Funds	+$47.0M +1.1M shares	$47.0M 1.1M shares
Kingsview Wealth Management, LLC RIA/Wealth	+$46.2M +676.8K shares	$46.2M 1.1M shares
A Advisor Group Holdings, Inc. Institution	+$40.7M +966.0K shares	$47.8M 1.1M shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	+$32.6M +774.4K shares	$32.6M 774.4K shares
B BNP PARIBAS ARBITRAGE, SA Institution	+$31.6M +749.4K shares	$132.2M 3.1M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$24.7M +586.4K shares	$24.7M 586.4K shares
CITIGROUP INC Institution	+$20.8M +493.3K shares	$50.6M 1.2M shares

Biggest Sellers

Institution	Net Sold	Current Position
MENORA MIVTACHIM HOLDINGS LTD. Private Equity	−$39.7M −959.4K shares	Sold Off 0 shares
W WOLVERINE TRADING, LLC Institution	−$24.0M −583.5K shares	Sold Off 0 shares
JPMORGAN CHASE & CO Institution	−$15.8M −376.1K shares	$8.5M 201.8K shares
GOLDMAN SACHS GROUP INC Institution	−$8.9M −211.4K shares	$88.0M 2.1M shares
BANK OF AMERICA CORP /DE/ Institution	−$7.1M −167.7K shares	$791.8M 18.8M shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	−$6.7M −161.8K shares	Sold Off 0 shares
Capital Advisors Wealth Management, LLC RIA/Wealth	−$5.5M −130.9K shares	$1.7M 40.2K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$5.5M −131.9K shares	Sold Off 0 shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	−$5.4M −129.0K shares	$8.8M 208.9K shares
Modern Wealth Management, LLC RIA/Wealth	−$4.5M −107.5K shares	$15.2M 360.7K shares

Entry and Exit Activity

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

New Positions: 44
New Value: $138.9M
Exited Positions: 60
Exited Value: $108.1M

New Positions

Institution	Position Value
Capital Investment Advisors, LLC RIA/Wealth	$59.9M 1.4M shares
Kingsview Wealth Management, LLC RIA/Wealth	$46.2M 1.1M shares
BARCLAYS PLC Institution	$9.7M 229.3K shares
F FARMERS TRUST CO Institution	$6.1M 143.8K shares
MML INVESTORS SERVICES, LLC RIA/Wealth	$4.8M 113.7K shares
Cordatus Wealth Management LLC RIA/Wealth	$2.5M 58.4K shares
U United Bank Institution	$1.8M 42.1K shares
Parkside Investments, LLC RIA/Wealth	$1.7M 40.0K shares
C Corsicana & Co. Institution	$973.0K 23.1K shares
Forefront Wealth Partners, LLC RIA/Wealth	$741.1K 17.6K shares

Exited Positions

Institution	Previous Position
MENORA MIVTACHIM HOLDINGS LTD. Private Equity	$39.7M 959.4K shares
W WOLVERINE TRADING, LLC Institution	$24.0M 583.5K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$6.7M 161.8K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$5.5M 131.9K shares
Jessup Wealth Management, Inc RIA/Wealth	$4.5M 108.2K shares
Divergent Planning, LLC RIA/Wealth	$4.2M 102.6K shares
J JANE STREET GROUP, LLC Institution	$3.8M 91.7K shares
Palumbo Wealth Management LLC RIA/Wealth	$3.4M 81.9K shares
C Clarity Financial LLC Institution	$2.7M 65.2K shares
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy	$1.4M 33.5K shares

Options Activity

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

Call Positions: 7
Call Value: $30.9M
Put Positions: 8
Put Value: $89.2M

Call Positions

Institution	Position Value
B BNP PARIBAS ARBITRAGE, SA Institution	$10.3M 24.4 contracts
J JANE STREET GROUP, LLC Institution	$10.2M 2.4K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$5.3M 1.3K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.6M 859.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.2M 287.0 contracts
Toroso Investments, LLC ETF Provider	$299.1K 71.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	- - contracts

Put Positions

Institution	Position Value
J JANE STREET GROUP, LLC Institution	$45.4M 10.8K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$16.4M 3.9K contracts
Marshall Wace LLP Institution	$10.3M 2.4K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$8.9M 2.1K contracts
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$7.4M 1.8K contracts
W WOLVERINE TRADING, LLC Institution	$365.1K 87.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$252.8K 60.0 contracts
C Cubist Systematic Strategies, LLC Institution	$240.1K 57.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Moss Adams Wealth Advisors LLC RIA/Wealth	Kenneth Daniel Evans COO	4.84% $62.1M	1.5M shares	Q1 2025 Held for 8 months	$1.3B
W WALLER FINANCIAL PLANNING GROUP, INC RIA/Wealth	James Barber Twining CEO	4.75% $20.7M	490.9K shares	Q4 2022 Held for 2y 11m	$435.8M
CAPITAL WEALTH MANAGEMENT, LLC RIA/Wealth	Lee Alan Duckworth CEO	3.64% $10.5M	248.1K shares	Q4 2022 Held for 2y 11m	$287.4M
Solano Wealth Investment Advisors LLC RIA/Wealth	Carlos Romero Mendoza CEO	3.56% $7.4M	175.4K shares	Q4 2024 Held for 11 months	$207.3M
Beaumont Capital Management, LLC Long Only Manager	Michael B Nierenberg CEO	3.34% $5.0M	119.2K shares	Q4 2023 Held for 1y 11m	$150.6M
Warwick Investment Management, Inc. Private Equity	Katherine Taaffe Richard Kanady CEO	3.30% $19.0M	451.5K shares	Q3 2022 Held for 3y 2m	$576.1M
P Peak Retirement Planning, Inc. RIA/Wealth	Jr. Joseph Schmitz CEO	3.29% $10.7M	255.0K shares	Q4 2024 Held for 11 months	$327.0M
Cassaday & Co Wealth Management LLC RIA/Wealth	Stephan Quinn Cassaday President	3.07% $133.2M	3.2M shares	Q4 2022 Held for 2y 11m	$4.3B
StrongBox Wealth, LLC RIA/Wealth	Jonathan Grant Garlow Founder	2.78% $8.1M	192.4K shares	Q4 2022 Held for 2y 11m	$291.8M
MEANS INVESTMENT CO., INC. RIA/Wealth	Erin Leigh Barry CEO	2.50% $28.9M	686.4K shares	Q4 2024 Held for 11 months	$1.2B

Hedge Fund Spotlight

Discover hedge funds investing in XLRE

Quantinno Capital Management LP

Hedge Fund • Market Neutral

Portfolio ManagerHoon Nmn Kim

Portfolio Value: $36.6B
Positions: 2,911
Last Reported: Q3 2025

Sector Allocation

Position in Real Estate Select Sector SPDR Fund

Market Value: $1.6M
Shares Held: 38.3K
Portfolio Weight: 0.00%
Owned Since: 2024-Q2

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$2.1B	5.71%
2 Apple AAPL	Consumer Electronics Technology	$1.9B	5.06%
3 Microsoft MSFT	Software - Infrastructure Technology	$1.4B	3.93%