Utilities Select Sector SPDR Fund

XLU • ARCA

Utilities Select Sector SPDR Fund is an exchange-traded fund on ARCA. As of Q3 2025, 1,393 institutional investors hold shares in this ETF, with total holdings valued at $13.1B. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $1.2B.

Overview

Overview of institutional ownership in XLU as of Q3 2025

All Institutions

Institutions: 1,393
Value Held: $13.1B
Shares Held: 150.1M
Avg Position: $9.4M
Median Position: $807.7K

Hedge Funds

Hedge Funds: 56
Value Held: $398.9M
Shares Held: 4.6M
Avg Position: $7.1M
Median Position: $2.2M

Biggest Investors

Institutions with the largest positions in XLU 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	$1.2B 0.09% of portfolio	13.6M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$982.4M 0.06% of portfolio	11.3M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$738.6M 0.05% of portfolio	8.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
L LPL Financial LLC Institution	-	$641.9M 0.19% of portfolio	7.4M shares	≤ Q2 2013 Held for 12y 5m+	$340.07B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$490.6M 0.10% of portfolio	5.6M shares	Q1 2015 Held for 10y 8m	$488.50B
UBS Group AG Institution	Sergio P. Ermotti CEO	$391.7M 0.08% of portfolio	4.5M shares	Q4 2014 Held for 10y 11m	$511.54B
R ROYAL BANK OF CANADA Institution	-	$349.0M 0.06% of portfolio	4.0M shares	≤ Q2 2013 Held for 12y 5m+	$542.04B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$306.3M 0.09% of portfolio	3.5M shares	≤ Q2 2013 Held for 12y 5m+	$341.99B
MENORA MIVTACHIM HOLDINGS LTD. Private Equity	Edward Joseph Keefe CFO	$279.3M 1.42% of portfolio	3.2M shares	Q1 2023 Held for 2y 8m	$19.7B
B BNP PARIBAS ARBITRAGE, SA Institution	-	$279.0M 0.22% of portfolio	3.2M shares	≤ Q2 2013 Held for 12y 5m+	$126.06B

Net Capital Flow

Institutional buying and selling activity for XLU in Q3 2025

Traded: +$935.4M
Buyers: 694
Sellers: 557
Total Bought: +$2.3B
Total Sold: −$1.4B
Avg Position: $8.8M

Biggest Buyers

Institution	Net Bought	Current Position
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	+$187.4M +2.1M shares	$306.3M 3.5M shares
BANK OF AMERICA CORP /DE/ Institution	+$145.9M +1.7M shares	$1.2B 13.6M shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	+$124.8M +1.4M shares	$277.0M 3.2M shares
BB&T CORP Institution	+$117.1M +1.3M shares	$164.7M 1.9M shares
R ROYAL BANK OF CANADA Institution	+$115.1M +1.3M shares	$349.0M 4.0M shares
Janney Montgomery Scott LLC RIA/Wealth	+$114.8M +1.3M shares	$133.5M 1.5M shares
WestEnd Advisors, LLC Long Only Manager	+$108.0M +1.2M shares	$108.2M 1.2M shares
C CIBC World Markets Inc. Institution	+$98.0M +1.1M shares	$170.0M 1.9M shares
C Colony Group, LLC Institution	+$91.6M +1.1M shares	$109.3M 1.3M shares
UBS Group AG Institution	+$84.5M +968.4K shares	$391.7M 4.5M shares

Biggest Sellers

Institution	Net Sold	Current Position
B BESSEMER GROUP INC Institution	−$179.0M −2.1M shares	$90.1M 1.0M shares
MORGAN STANLEY RIA/Wealth	−$143.0M −1.6M shares	$982.4M 11.3M shares
PECONIC PARTNERS LLC Hedge Fund•Long/Short	−$81.7M −1.0M shares	Sold Off 0 shares
M Migdal Insurance & Financial Holdings Ltd. Institution	−$63.2M −724.5K shares	$154.8M 1.8M shares
GOLDMAN SACHS GROUP INC Institution	−$54.5M −625.4K shares	$193.7M 2.2M shares
JPMORGAN CHASE & CO Institution	−$53.8M −617.3K shares	$738.6M 8.5M shares
WELLS FARGO & COMPANY/MN Institution	−$53.8M −616.5K shares	$490.6M 5.6M shares
H Harel Insurance Investments & Financial Services Ltd. Institution	−$51.0M −585.3K shares	$151.8M 1.7M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$49.5M −605.9K shares	Sold Off 0 shares
Kingstone Capital Partners Texas, LLC RIA/Wealth	−$47.2M −577.5K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 59
New Value: $87.6M
Exited Positions: 93
Exited Value: $335.6M

New Positions

Institution	Position Value
G Georgetown University Institution	$41.5M 475.6K shares
Eaton Financial Holdings Company, LLC RIA/Wealth	$8.7M 99.6K shares
Sharp Financial Services, LLC RIA/Wealth	$6.8M 77.8K shares
V von Borstel & Associates, Inc. RIA/Wealth	$2.8M 32.5K shares
O'Dell Group, LLC RIA/Wealth	$2.5M 28.5K shares
LLBH Private Wealth Management, LLC RIA/Wealth	$2.5M 28.4K shares
Compass Financial Group, Inc. RIA/Wealth	$2.1M 23.8K shares
RIK SAYLOR FINANCIAL, INC. RIA/Wealth	$1.9M 22.3K shares
Audent Global Asset Management, LLC Hedge Fund•Multi-Strategy	$1.8M 20.5K shares
Kassira Wealth Management LLC RIA/Wealth	$1.5M 17.4K shares

Exited Positions

Institution	Previous Position
PECONIC PARTNERS LLC Hedge Fund•Long/Short	$81.7M 1.0M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$49.5M 605.9K shares
Kingstone Capital Partners Texas, LLC RIA/Wealth	$47.2M 577.5K shares
P PEAK6 LLC Institution	$24.1M 295.0K shares
H HRT FINANCIAL LLC Institution	$12.7M 156.0K shares
B Brevan Howard Capital Management LP Institution	$12.7M 156.6K shares
Deane Retirement Strategies, Inc. RIA/Wealth	$9.3M 113.3K shares
Cornerstone Wealth Group, LLC RIA/Wealth	$7.4M 90.9K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$6.7M 82.0K shares
F Financial Enhancement Group LLC RIA/Wealth	$6.5M 79.2K shares

Options Activity

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

Call Positions: 38
Call Value: $1.3B
Put Positions: 45
Put Value: $3.0B

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$223.1M 25.6K contracts
J JANE STREET GROUP, LLC Institution	$155.1M 17.8K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$125.8M 14.4K contracts
W Waratah Capital Advisors Ltd. Hedge Fund•Multi-Strategy	$119.5M 13.7K contracts
W WOLVERINE TRADING, LLC Institution	$86.2M 9.9K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$82.1M 9.4K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$73.8M 8.5K contracts
UBS Group AG Institution	$57.4M 6.6K contracts
Walleye Trading LLC RIA/Wealth	$52.4M 6.0K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$42.0M 4.8K contracts

Put Positions

Institution	Position Value
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$440.4M 50.5K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$435.0M 49.9K contracts
J JANE STREET GROUP, LLC Institution	$404.3M 46.4K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$367.1M 42.1K contracts
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$300.1M 34.4K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$203.5M 23.3K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$125.9M 14.4K contracts
UBS Group AG Institution	$120.6M 13.8K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$66.8M 7.7K contracts
W WOLVERINE TRADING, LLC Institution	$65.0M 7.5K contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
G Georgetown University Institution	-	13.86% $41.5M	475.6K shares	Q3 2025 Held for 2 months	$299.2M
Savior LLC RIA/Wealth	Todd Michael Ingwersen Managing Partner	9.27% $2.1M	23.9K shares	Q2 2024 Held for 1y 5m	$22.5M
Main Management Fund Advisors LLC Institution	Kim David Arthur CEO	8.69% $89.7M	1.0M shares	Q1 2024 Held for 1y 8m	$1.0B
H HUNTINGTON ASSET ADVISORS, INC. Institution	Jerry John Szilagyi President	5.45% $47.2M	540.9K shares	Q1 2024 Held for 1y 8m	$865.7M
Wealth Advisors of Iowa, LLC RIA/Wealth	Kellie Marie Masters CCO	5.45% $16.0M	183.5K shares	Q3 2024 Held for 1y 2m	$293.7M
Moss Adams Wealth Advisors LLC RIA/Wealth	Kenneth Daniel Evans COO	5.38% $68.9M	790.5K shares	Q3 2024 Held for 1y 2m	$1.3B
Biltmore Wealth Management, LLC RIA/Wealth	Timothy Alan Carpenter Managing Partner	5.24% $13.7M	157.4K shares	Q1 2016 Held for 9y 8m	$262.0M
Mountain Hill Investment Partners Corp. RIA/Wealth	Andrew John Kaiser CEO	5.16% $5.9M	67.5K shares	Q4 2024 Held for 11 months	$114.1M
S Saudi Central Bank Institution	-	5.14% $135.2M	1.5M shares	Q4 2022 Held for 2y 11m	$2.6B
Waycross Investment Management Co RIA/Wealth	David Geoffrey Schneider President	4.85% $4.8M	54.5K shares	Q4 2023 Held for 1y 11m	$98.0M

Hedge Fund Spotlight

Discover hedge funds investing in XLU

AQR CAPITAL MANAGEMENT LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerDavid Gary Kabiller

Portfolio Value: $156.17B
Positions: 3,453
Last Reported: Q3 2025

Sector Allocation

Position in Utilities Select Sector SPDR Fund

Market Value: $5.1M
Shares Held: 58.2K
Portfolio Weight: 0.00%
Owned Since: 2023-Q4

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$4.1B	2.62%
2 Microsoft MSFT	Software - Infrastructure Technology	$3.2B	2.05%
3 Apple AAPL	Consumer Electronics Technology	$2.8B	1.76%