SPDR S&P Telecom ETF

XTL • ARCA

SPDR S&P Telecom ETF is an exchange-traded fund on ARCA. As of Q3 2025, 59 institutional investors hold shares in this ETF, with total holdings valued at $98.5M. MORGAN STANLEY is the largest holder with a position valued at $15.6M.

Overview

Overview of institutional ownership in XTL as of Q3 2025

All Institutions

Institutions: 59
Value Held: $98.5M
Shares Held: 703.1K
Avg Position: $1.7M
Median Position: $323.2K

Hedge Funds

Hedge Funds: 2
Value Held: $1.2M
Shares Held: 8.5K
Avg Position: $595.3K
Median Position: $595.3K

Biggest Investors

Institutions with the largest positions in XTL as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$15.6M 0.00% of portfolio	111.2K shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
L LPL Financial LLC Institution	-	$12.6M 0.00% of portfolio	89.9K shares	Q2 2018 Held for 7y 5m	$340.07B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$9.1M 0.00% of portfolio	64.8K shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
CASTLEARK MANAGEMENT LLC Long Only Manager	Daniel P Becker CIO	$8.4M 0.23% of portfolio	59.7K shares	Q3 2025 Held for 2 months	$3.6B
SFI Advisors, LLC RIA/Wealth	Stephen Gaetano Vicinelli President	$7.1M 4.70% of portfolio	50.7K shares	Q4 2023 Held for 1y 11m	$151.2M
Cetera Investment Advisers RIA/Wealth	Joseph Daniel Neary CEO	$5.3M 0.01% of portfolio	37.6K shares	Q1 2024 Held for 1y 8m	$85.4B
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$4.6M 0.00% of portfolio	33.2K shares	Q4 2024 Held for 11 months	$310.43B
Steward Partners Investment Advisory, LLC RIA/Wealth	Jeani Theresa Winterbourne President	$4.3M 0.02% of portfolio	30.6K shares	Q2 2023 Held for 2y 5m	$17.4B
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$3.5M 0.00% of portfolio	25.0K shares	Q2 2024 Held for 1y 5m	$691.34B
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	Wayne Michael Bloom CEO	$2.6M 0.00% of portfolio	18.8K shares	Q1 2020 Held for 5y 8m	$71.1B

Net Capital Flow

Institutional buying and selling activity for XTL in Q3 2025

Traded: +$22.4M
Buyers: 30
Sellers: 17
Total Bought: +$32.8M
Total Sold: −$10.4M
Avg Position: $1.6M

Biggest Buyers

Institution	Net Bought	Current Position
L LPL Financial LLC Institution	+$10.4M +74.6K shares	$12.6M 89.9K shares
CASTLEARK MANAGEMENT LLC Long Only Manager	+$8.4M +59.7K shares	$8.4M 59.7K shares
BANK OF AMERICA CORP /DE/ Institution	+$3.0M +21.2K shares	$9.1M 64.8K shares
Steward Partners Investment Advisory, LLC RIA/Wealth	+$2.6M +18.6K shares	$4.3M 30.6K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$2.4M +17.1K shares	$2.4M 17.1K shares
Quartz Partners, LLC RIA/Wealth	+$2.2M +15.6K shares	$2.2M 15.6K shares
Financial Services Advisory Inc RIA/Wealth	+$917.6K +6.6K shares	$917.6K 6.6K shares
Arkadios Wealth Advisors RIA/Wealth	+$621.4K +4.4K shares	$621.4K 4.4K shares
Financial Management Professionals, Inc. RIA/Wealth	+$483.7K +3.5K shares	$483.7K 3.5K shares
R RFP Financial Group LLC Institution	+$261.6K +1.7K shares	$261.6K 1.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
GOLDMAN SACHS GROUP INC Institution	−$3.5M −25.2K shares	$3.5M 25.0K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$2.5M −18.2K shares	$397.0K 2.8K shares
IMC-Chicago, LLC RIA/Wealth	−$1.6M −13.9K shares	Sold Off 0 shares
UBS Group AG Institution	−$1.6M −11.2K shares	$2.6M 18.3K shares
Cambridge Investment Research Advisors, Inc. RIA/Wealth	−$643.8K −4.6K shares	$1.7M 11.9K shares
JPMORGAN CHASE & CO Institution	−$139.9K −1.0K shares	$230.6K 1.6K shares
SFI Advisors, LLC RIA/Wealth	−$76.5K −547.0 shares	$7.1M 50.7K shares
F Farmers & Merchants Trust Co of Chambersburg PA Institution	−$65.8K −470.0 shares	$1.5M 10.5K shares
LIBERTY ONE INVESTMENT MANAGEMENT, LLC RIA/Wealth	−$54.7K −391.0 shares	$1.6M 11.4K shares
CITIGROUP INC Institution	−$53.0K −379.0 shares	$752.0K 5.4K shares

Entry and Exit Activity

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

New Positions: 9
New Value: $11.7M
Exited Positions: 1
Exited Value: $1.6M

New Positions

Institution	Position Value
CASTLEARK MANAGEMENT LLC Long Only Manager	$8.4M 59.7K shares
Quartz Partners, LLC RIA/Wealth	$2.2M 15.6K shares
Financial Management Professionals, Inc. RIA/Wealth	$483.7K 3.5K shares
R RFP Financial Group LLC Institution	$261.6K 1.7K shares
Rockefeller Capital Management L.P. Long Only Manager	$225.0K 1.6K shares
Parkwoods Wealth Partners, LLC RIA/Wealth	$205.5K 1.5K shares
R Russell Investments Group, Ltd. RIA/Wealth	$19.4K 138.0 shares
W Wagner Wealth Management, LLC Institution	$6.4K 46.0 shares
Orion Capital Management LLC RIA/Wealth	$560.0 4.0 shares

Exited Positions

Institution	Previous Position
IMC-Chicago, LLC RIA/Wealth	$1.6M 13.9K shares

Options Activity

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

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
SFI Advisors, LLC RIA/Wealth	Stephen Gaetano Vicinelli President	4.70% $7.1M	50.7K shares	Q4 2023 Held for 1y 11m	$151.2M
B Blue Capital, Inc. RIA/Wealth	Michael John Herek Managing Partner	1.20% $1.6M	11.5K shares	Q2 2025 Held for 5 months	$134.6M
Quartz Partners, LLC RIA/Wealth	Joseph Albert Leo CEO	0.79% $2.2M	15.6K shares	Q3 2025 Held for 2 months	$276.1M
F Farmers & Merchants Trust Co of Chambersburg PA Institution	-	0.44% $1.5M	10.5K shares	Q3 2018 Held for 7y 2m	$334.3M
Kaizen Financial Strategies RIA/Wealth	Laurie Laverne Klein Managing Partner	0.41% $909.7K	6.2K shares	Q3 2024 Held for 1y 2m	$220.7M
Financial Services Advisory Inc RIA/Wealth	David Ronald Petersen Founder	0.35% $917.6K	6.6K shares	Q3 2025 Held for 2 months	$259.5M
CASTLEARK MANAGEMENT LLC Long Only Manager	Daniel P Becker CIO	0.23% $8.4M	59.7K shares	Q3 2025 Held for 2 months	$3.6B
ROMAN BUTLER FULLERTON & CO RIA/Wealth	Paul Thomas Fullerton President	0.20% $722.5K	4.7K shares	Q3 2024 Held for 1y 2m	$370.0M
PACIFIC SUN FINANCIAL CORP RIA/Wealth	Mitchell Jeffrey Fisher President	0.19% $383.4K	2.7K shares	Q2 2023 Held for 2y 5m	$207.0M
R RFP Financial Group LLC Institution	-	0.11% $261.6K	1.7K shares	Q3 2025 Held for 2 months	$241.4M