Hedge Fund Activity Reveals Shifts in Materials Select Sector SPDR Fund
Recent analysis of 13F filings from hedge funds for the reporting period ending March 31, 2025, shows that 14 funds held the Materials Select Sector SPDR Fund (Symbol: XLK). When multiple hedge funds show similar behavior, it often warrants a deeper investigation.
It is crucial to note that 13F filings only disclose long positions to the SEC and do not provide insights into short positions. For instance, a fund could be shorting a stock while also holding a long position as part of a broader strategy. Thus, the appearance of bullish sentiment from 13F filings may not give a complete picture, as the bearish aspects remain hidden.
Despite this limitation, examining groups of 13F filings can be informative, especially when assessing changes over time. Let’s explore the shifts in XLK positions among these latest 13F filers:
Out of the analyzed funds, four increased their existing XLK positions from December 31, 2024, to March 31, 2025, while six reduced theirs.
In addition to these specific funds, we looked at the overall share count of XLK among all funds reporting on March 31, 2025, from a total of 2,217 funds. The cumulative share count for XLK dropped by 2,114,119 shares, from 25,902,959 to 23,788,840, reflecting an approximate decline of -8.16%. The leading three funds holding XLK as of March 31, 2025, were:
We will continue monitoring 13F filings from hedge funds, extracting valuable insights from aggregate data across reporting periods. While individual filings might mislead due to their long-only focus, analyzing groups offers a clearer and more relevant picture, which can reveal intriguing stock opportunities like the Materials Select Sector SPDR Fund (Symbol: XLK).
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Also see:
• AOGOU Historical Stock Prices
• Institutional Holders of RVM
• ASCB YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
