SPDR S&P Software & Services ETF

XSW • ARCA

SPDR S&P Software & Services ETF is an exchange-traded fund on ARCA. As of Q3 2025, 113 institutional investors hold shares in this ETF, with total holdings valued at $245.1M. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $77.6M.

Overview

Overview of institutional ownership in XSW as of Q3 2025

All Institutions

Institutions: 113
Value Held: $245.1M
Shares Held: 1.2M
Avg Position: $2.2M
Median Position: $348.8K

Hedge Funds

Hedge Funds: 4
Value Held: $7.5M
Shares Held: 37.8K
Avg Position: $1.9M
Median Position: $742.0K

Biggest Investors

Institutions with the largest positions in XSW 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	$77.6M 0.01% of portfolio	392.5K shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
L LPL Financial LLC Institution	-	$19.7M 0.01% of portfolio	99.7K shares	Q4 2016 Held for 8y 11m	$340.07B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$17.0M 0.00% of portfolio	85.8K shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
McGuire Investment Group, LLC RIA/Wealth	Dennis Patrick Mcguire Managing Partner	$13.2M 1.50% of portfolio	66.8K shares	Q3 2019 Held for 6y 2m	$882.6M
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$9.6M 0.00% of portfolio	48.3K shares	≤ Q2 2013 Held for 12y 5m+	$488.61B
UBS Group AG Institution	Sergio P. Ermotti CEO	$7.8M 0.00% of portfolio	39.4K shares	Q4 2014 Held for 10y 11m	$511.54B
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$6.6M 0.00% of portfolio	33.2K shares	Q4 2024 Held for 11 months	$310.43B
B BlackRock, Inc. Institution	-	$5.9M 0.00% of portfolio	29.9K shares	Q4 2022 Held for 2y 11m	$5.67T
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	Carter Mayberry Lyons CEO	$5.7M 0.01% of portfolio	29.0K shares	Q3 2025 Held for 2 months	$62.0B
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$5.5M 0.00% of portfolio	28.0K shares	Q2 2015 Held for 10y 5m	$433.11B

Net Capital Flow

Institutional buying and selling activity for XSW in Q3 2025

Net Flow: −$28.4M
Buyers: 25
Sellers: 47
Total Bought: +$9.4M
Total Sold: −$37.8M
Avg Position: $2.0M

Biggest Buyers

Institution	Net Bought	Current Position
Essex LLC RIA/Wealth	+$2.2M +11.1K shares	$5.3M 26.7K shares
MAI Wealth Advisors RIA/Wealth	+$1.3M +6.4K shares	$1.3M 6.7K shares
BANK OF AMERICA CORP /DE/ Institution	+$1.2M +6.1K shares	$77.6M 392.5K shares
WELLS FARGO & COMPANY/MN Institution	+$951.2K +4.8K shares	$9.6M 48.3K shares
A Advisor Group Holdings, Inc. Institution	+$945.6K +4.8K shares	$2.3M 11.7K shares
Grant Private Wealth Management Inc RIA/Wealth	+$727.8K +3.7K shares	$727.8K 3.7K shares
Steward Partners Investment Advisory, LLC RIA/Wealth	+$633.4K +3.2K shares	$633.4K 3.2K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$355.6K +1.8K shares	$1.2M 6.2K shares
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	+$258.3K +1.3K shares	$258.3K 1.3K shares
FIFTH THIRD SECURITIES, INC. RIA/Wealth	+$167.9K +849.0 shares	$3.3M 16.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
Kingsview Wealth Management, LLC RIA/Wealth	−$10.2M −53.7K shares	Sold Off 0 shares
MORGAN STANLEY RIA/Wealth	−$6.0M −30.5K shares	$17.0M 85.8K shares
L LPL Financial LLC Institution	−$4.8M −24.2K shares	$19.7M 99.7K shares
B BlackRock, Inc. Institution	−$2.2M −11.0K shares	$5.9M 29.9K shares
AMERIPRISE FINANCIAL INC Institution	−$1.9M −9.6K shares	$5.5M 28.0K shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$1.9M −10.0K shares	Sold Off 0 shares
Fort Point Capital Partners, LLC Fund of Funds	−$1.6M −8.5K shares	Sold Off 0 shares
Merit Financial Group, LLC RIA/Wealth	−$1.2M −5.9K shares	$479.2K 2.4K shares
GOLDMAN SACHS GROUP INC Institution	−$1.1M −5.4K shares	$2.0M 10.1K shares
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	−$1.0M −5.3K shares	$5.3M 26.7K shares

Entry and Exit Activity

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

New Positions: 10
New Value: $11.4M
Exited Positions: 13
Exited Value: $15.8M

New Positions

Institution	Position Value
F FIL Ltd Institution	$4.3M 21.9K shares
C CI Private Wealth, LLC RIA/Wealth	$3.8M 19.1K shares
Mirae Asset Global Investments Co., Ltd. Long Only Manager	$2.4M 12.3K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	$259.5K 1.3K shares
Miracle Mile Advisors, LLC RIA/Wealth	$253.3K 1.3K shares
C CARY STREET PARTNERS FINANCIAL LLC Institution	$221.9K 1.1K shares
Triumph Capital Management RIA/Wealth	$34.2K 173.0 shares
R Rockefeller Capital Management L.P. Long Only Manager	$30.0K 151.0 shares
Financial Life Planners RIA/Wealth	$24.8K 125.0 shares
R Ronald Blue Trust, Inc. Institution	$4.9K 25.0 shares

Exited Positions

Institution	Previous Position
Kingsview Wealth Management, LLC RIA/Wealth	$10.2M 53.7K shares
B BNP PARIBAS ARBITRAGE, SA Institution	$1.9M 10.0K shares
Fort Point Capital Partners, LLC Fund of Funds	$1.6M 8.5K shares
SRS Capital Advisors, Inc. RIA/Wealth	$925.1K 4.9K shares
Stratos Wealth Partners, LTD. RIA/Wealth	$672.4K 3.5K shares
P PENNINGTON PARTNERS & CO., LLC Family Office	$249.0K 1.3K shares
H HRT FINANCIAL LLC Institution	$229.9K 1.2K shares
R Rice Partnership, LLC Institution	$14.4K 76.0 shares
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	$12.3K 65.0 shares
A AMERIFLEX GROUP, INC. Institution	$5.1K 27.0 shares

Options Activity

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

Call Positions: 1
Call Value: $415.3K
Put Positions: 1
Put Value: $39.6K

Call Positions

Institution	Position Value
B Belvedere Trading LLC Institution	$415.3K 21.0 contracts

Put Positions

Institution	Position Value
B Belvedere Trading LLC Institution	$39.6K 2.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
McGuire Investment Group, LLC RIA/Wealth	Dennis Patrick Mcguire Managing Partner	1.50% $13.2M	66.8K shares	Q3 2019 Held for 6y 2m	$882.6M
Tandem Financial, LLC RIA/Wealth	Ryan Bradley Erickson CEO	1.35% $3.6M	18.3K shares	Q4 2024 Held for 11 months	$267.9M
Essex LLC RIA/Wealth	James Walter Hartwell CEO	0.96% $5.3M	26.7K shares	Q2 2025 Held for 5 months	$550.0M
D Dale Q Rice Investment Management Ltd RIA/Wealth	Dale Quintin Rice Owner	0.65% $905.2K	4.5K shares	Q4 2024 Held for 11 months	$138.8M
Grant Private Wealth Management Inc RIA/Wealth	Grant Konstantinovich Ter-Avanesyan CFO	0.45% $727.8K	3.7K shares	Q4 2024 Held for 11 months	$162.1M
Kaizen Financial Strategies RIA/Wealth	Laurie Laverne Klein Managing Partner	0.23% $509.7K	2.7K shares	Q1 2025 Held for 8 months	$220.7M
MWA Asset Management RIA/Wealth	Randall Jonathan Tavilla Director	0.22% $405.3K	2.0K shares	Q2 2025 Held for 5 months	$181.0M
FIFTH THIRD SECURITIES, INC. RIA/Wealth	Timothy Lyons Managing Partner	0.22% $3.3M	16.5K shares	Q3 2023 Held for 2y 2m	$1.5B
Newbridge Financial Services Group, Inc. RIA/Wealth	Robert Pendelton Spitler CEO	0.22% $1.5M	7.5K shares	Q3 2020 Held for 5y 2m	$667.8M
V V2 Financial group LLC RIA/Wealth	Venkatram Krishnamurthy Managing Partner	0.20% $356.0K	1.8K shares	Q1 2023 Held for 2y 8m	$180.5M

Hedge Fund Spotlight

Discover hedge funds investing in XSW

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 SPDR S&P Software & Services ETF

Market Value: $259.5K
Shares Held: 1.3K
Portfolio Weight: 0.00%
Owned Since: 2025-Q3

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%