SPDR S&P Oil & Gas Exploration & Production ETF

XOP • ARCA

SPDR S&P Oil & Gas Exploration & Production ETF is an exchange-traded fund on ARCA. As of Q3 2025, 330 institutional investors hold shares in this ETF, with total holdings valued at $3.7B. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $577.9M.

Overview

Overview of institutional ownership in XOP as of Q3 2025

All Institutions

Institutions: 330
Value Held: $3.7B
Shares Held: 28.0M
Avg Position: $11.2M
Median Position: $568.2K

Hedge Funds

Hedge Funds: 25
Value Held: $174.3M
Shares Held: 1.3M
Avg Position: $7.0M
Median Position: $2.3M

Biggest Investors

Institutions with the largest positions in XOP 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	$577.9M 0.04% of portfolio	4.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$471.8M 0.07% of portfolio	3.6M shares	≤ Q2 2013 Held for 12y 5m+	$691.34B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$403.8M 0.03% of portfolio	3.1M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	-	$403.1M 0.76% of portfolio	3.0M shares	Q4 2019 Held for 5y 11m	$53.3B
CITIGROUP INC Institution	Jane Fraser CEO	$342.8M 0.24% of portfolio	2.6M shares	≤ Q2 2013 Held for 12y 5m+	$144.32B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$289.7M 0.02% of portfolio	2.2M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
UBS Group AG Institution	Sergio P. Ermotti CEO	$198.9M 0.04% of portfolio	1.5M shares	Q4 2014 Held for 10y 11m	$511.54B
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$126.0M 0.01% of portfolio	953.5K shares	Q2 2025 Held for 5 months	$912.31B
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	$101.1M 0.08% of portfolio	765.0K shares	Q1 2015 Held for 10y 8m	$122.08B
M MIRAE ASSET SECURITIES INC. Institution	-	$85.9M 3.80% of portfolio	650.0K shares	Q2 2024 Held for 1y 5m	$2.3B

Net Capital Flow

Institutional buying and selling activity for XOP in Q3 2025

Traded: −$15.5M
Buyers: 124
Sellers: 168
Total Bought: +$467.2M
Total Sold: −$482.7M
Avg Position: $9.8M

Biggest Buyers

Institution	Net Bought	Current Position
BANK OF AMERICA CORP /DE/ Institution	+$173.3M +1.3M shares	$577.9M 4.4M shares
CITIGROUP INC Institution	+$64.3M +486.5K shares	$342.8M 2.6M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$61.3M +463.8K shares	$101.1M 765.0K shares
S SG Americas Securities, LLC Institution	+$29.8M +225.2K shares	$33.5M 253.6K shares
Q Quadrature Capital Ltd Institution	+$17.2M +129.9K shares	$29.5M 222.9K shares
Cadence Wealth Management LLC RIA/Wealth	+$15.4M +116.2K shares	$18.7M 141.7K shares
J Jump Financial, LLC Institution	+$11.2M +84.5K shares	$11.2M 84.5K shares
JPMORGAN CHASE & CO Institution	+$10.5M +79.5K shares	$403.8M 3.1M shares
W WHITE BAY PT LLC Institution	+$8.5M +64.6K shares	$8.5M 64.7K shares
N NATIONAL BANK OF CANADA /FI/ Institution	+$6.8M +51.3K shares	$8.1M 61.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
BARCLAYS PLC Institution	−$126.5M −957.1K shares	$45.2M 341.6K shares
WELLS FARGO & COMPANY/MN Institution	−$79.9M −604.2K shares	$14.8M 112.1K shares
MORGAN STANLEY RIA/Wealth	−$56.6M −427.8K shares	$289.7M 2.2M shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	−$23.9M −181.0K shares	$403.1M 3.0M shares
GOLDMAN SACHS GROUP INC Institution	−$22.4M −169.3K shares	$471.8M 3.6M shares
S Squarepoint Ops LLC Hedge Fund•Quant	−$18.7M −141.1K shares	$2.3M 17.2K shares
R ROYAL BANK OF CANADA Institution	−$16.9M −127.6K shares	$32.4M 245.0K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$12.7M −95.9K shares	$21.9M 165.5K shares
STATE OF WISCONSIN INVESTMENT BOARD RIA/Wealth	−$11.2M −88.8K shares	Sold Off 0 shares
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	−$11.0M −82.9K shares	$5.4M 41.1K shares

Entry and Exit Activity

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

New Positions: 15
New Value: $9.4M
Exited Positions: 46
Exited Value: $65.2M

New Positions

Institution	Position Value
ABBINGTON INVESTMENT GROUP RIA/Wealth	$3.6M 27.2K shares
Toroso Investments, LLC ETF Provider	$1.7M 13.0K shares
C Canoe Financial LP Institution	$869.6K 4.5K shares
Mount Yale Investment Advisors, LLC RIA/Wealth	$601.1K 4.5K shares
Tillman Hartley LLC RIA/Wealth	$594.9K 4.5K shares
B Berger Financial Group, Inc RIA/Wealth	$552.1K 4.2K shares
N Nokomis Capital, L.L.C. Hedge Fund•Long/Short	$396.6K 3.0K shares
Robeco Investment Management, Inc. Long Only Manager	$366.9K 2.8K shares
W WIT Partners Advisory Pte. Ltd. Institution	$316.5K 2.5K shares
T Torrey Growth & Income Advisors RIA/Wealth	$297.5K 2.3K shares

Exited Positions

Institution	Previous Position
STATE OF WISCONSIN INVESTMENT BOARD RIA/Wealth	$11.2M 88.8K shares
G GTS SECURITIES LLC Institution	$7.1M 56.3K shares
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	$6.5M 51.5K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$6.0M 48.0K shares
EARNEST PARTNERS LLC Long Only Manager	$5.0M 40.1K shares
W WHITEBOX ADVISORS LLC Hedge Fund•Multi-Strategy	$4.1M 32.9K shares
Aster Capital Management Ltd RIA/Wealth	$3.3M 26.1K shares
X XTX Topco Ltd Institution	$2.5M 19.7K shares
BOOTHBAY FUND MANAGEMENT, LLC Fund of Funds	$2.3M 18.0K shares
Sourcerock Group LLC Hedge Fund•Long/Short	$2.3M 18.0K shares

Options Activity

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

Call Positions: 37
Call Value: $1.2B
Put Positions: 46
Put Value: $2.2B

Call Positions

Institution	Position Value
P PEAK6 LLC Institution	$240.5M 18.2K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$172.8M 13.1K contracts
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	$110.4M 8.4K contracts
B BlueCrest Capital Management Ltd Institution	$105.8M 8.0K contracts
J JANE STREET GROUP, LLC Institution	$92.7M 7.0K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$83.3M 6.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$58.5M 4.4K contracts
BARCLAYS PLC Institution	$48.9M 3.7K contracts
CITIGROUP INC Institution	$38.0M 2.9K contracts
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$26.4M 2.0K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$503.6M 38.1K contracts
Elliott Investment Management L.P. Hedge Fund•Multi-Strategy	$317.3M 24.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$176.7M 13.4K contracts
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	$164.8M 12.5K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$142.9M 10.8K contracts
J JANE STREET GROUP, LLC Institution	$135.2M 10.2K contracts
W WOLVERINE TRADING, LLC Institution	$84.0M 6.3K contracts
ARISTEIA CAPITAL LLC Hedge Fund•Multi-Strategy	$81.2M 6.1K contracts
CITIGROUP INC Institution	$67.8M 5.1K contracts
HBK INVESTMENTS L P Hedge Fund•Multi-Strategy	$65.4M 5.0K contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Cadence Wealth Management LLC RIA/Wealth	Thomas Garth Shiffer Managing Partner	9.89% $18.7M	141.7K shares	Q1 2024 Held for 1y 8m	$189.4M
V Vanderbilt University Institution	-	7.89% $47.5M	359.4K shares	Q1 2019 Held for 6y 8m	$602.3M
M MIRAE ASSET SECURITIES INC. Institution	-	3.80% $85.9M	650.0K shares	Q2 2024 Held for 1y 5m	$2.3B
CAZ INVESTMENTS LP Fund of Funds	Christopher Alan Zook Chairman	3.69% $2.0M	15.0K shares	Q2 2025 Held for 5 months	$53.8M
ABBINGTON INVESTMENT GROUP RIA/Wealth	Grace Yuan Mei Toh Founder	3.08% $3.6M	27.2K shares	Q3 2025 Held for 2 months	$116.8M
W WHITE BAY PT LLC Institution	-	2.83% $8.5M	64.7K shares	Q2 2025 Held for 5 months	$302.5M
PING CAPITAL MANAGEMENT, INC. Hedge Fund•Multi-Strategy	Ping Jiang CEO	2.63% $4.4M	33.0K shares	Q2 2024 Held for 1y 5m	$166.1M
S SATOVSKY ASSET MANAGEMENT LLC Institution	-	1.57% $7.9M	59.6K shares	Q2 2023 Held for 2y 5m	$500.6M
Modus Advisors, LLC RIA/Wealth	Kari Kristine Haanstad CIO	1.49% $5.5M	41.4K shares	Q1 2022 Held for 3y 8m	$367.6M
ONE + ONE WEALTH MANAGEMENT, LLC RIA/Wealth	Keith Anthony Dubauskas Managing Partner	1.33% $2.6M	19.9K shares	Q1 2021 Held for 4y 8m	$197.3M