Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in XLF held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BANK OF AMERICA CORP /DE/ | 86.0M | $4.24B | +6.7% | — | 0.31% |
| 2 | Kentucky Farm Bureau Mutual Insurance Co | 80K | $2.46B | — | — | 0.06% |
| 3 | MORGAN STANLEY | 49.8M | $2.46B | +21.6% | — | 0.15% |
| 4 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 48.6M | $2.40B | +12.4% | — | 0.27% |
| 5 | GOLDMAN SACHS GROUP INC | 45.4M | $2.24B | +59.4% | — | 0.26% |
| 6 | UBS Group AG | 35.1M | $1.73B | +26.9% | — | 0.26% |
| 7 | Parallax Volatility Advisers, L.P. | 32.3M | $1.68B | +11.5% | — | 9.17% |
| 8 | CITIGROUP INC | 24.9M | $1.23B | -7.6% | — | 0.52% |
| 9 | ENVESTNET ASSET MANAGEMENT INC | 24.1M | $1.19B | -5.3% | — | 0.32% |
| 10 | LPL Financial LLC | 20.2M | $996.2M | -7.1% | — | 0.26% |
| 11 | ROYAL BANK OF CANADA | 18.3M | $905.3M | -12.5% | — | 0.16% |
| 12 | RAYMOND JAMES FINANCIAL INC | 16.2M | $798.5M | -0.7% | — | 0.25% |
| 13 | AMERIPRISE FINANCIAL INC | 9.4M | $535.9M | -17.5% | — | 0.12% |
| 14 | BARCLAYS PLC | 10.8M | $534.2M | — | — | 0.22% |
| 15 | NISSAY ASSET MANAGEMENT CORP /JAPAN/ /ADV | 9.9M | $491.0M | +57.4% | — | 2.60% |
| 16 | TRUIST FINANCIAL CORP | 9.8M | $483.4M | -1.9% | — | 0.72% |
| 17 | BNP PARIBAS ARBITRAGE, SA | 768K | $462.5M | -43.3% | — | 0.22% |
| 18 | Focus Partners Wealth | 8.4M | $413.0M | -32.4% | — | 0.46% |
| 19 | WestEnd Advisors, LLC | 7.8M | $383.3M | -2.5% | — | 9.25% |
| 20 | Jain Global LLC | 6.6M | $323.7M | — | — | 1.58% |
| 21 | TWO SIGMA INVESTMENTS, LP | 5.2M | $254.8M | +836.2% | — | 0.21% |
| 22 | Green Harvest Asset Management LLC | 5.0M | $247.1M | -50.4% | — | 3.86% |
| 23 | Point72 Asset Management, L.P. | 4.5M | $221.4M | +93.4% | — | 0.31% |
| 24 | FMR LLC | 4.3M | $212.5M | -0.5% | — | 0.01% |
| 25 | CAISSE DE DEPOT ET PLACEMENT DU QUEBEC | 4.0M | $197.5M | — | — | 0.32% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in XLF — a direct measure of their conviction.
Filings activity in XLF during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new XLF position in Q1 2026
Institutions that fully closed their XLF position in Q1 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 1,787 | 5.2% | — | — | $37.29B | 34% |
| Q4 2025 | 1,886 | +6.8% | — | — | $56.11B | +8.2% |
| Q3 2025 | 1,766 | +0.7% | — | — | $51.88B | 4.4% |
| Q2 2025 | 1,753 | +1.2% | — | — | $54.28B | +14% |
| Q1 2025 | 1,733 | +3.5% | — | — | $47.63B | 8.5% |
| Q4 2024 | 1,675 | +9.7% | — | — | $52.08B | +23% |
| Q3 2024 | 1,527 | +5.7% | — | — | $42.49B | 0.0% |
| Q2 2024 | 1,445 | — | — | — | $42.50B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying XLF stock.
Based on Q1 2026 13F filings, institutional ownership of Financial Select Sector SPDR Fund stands at not currently reported, held across 1,787 reporting institutions.
BANK OF AMERICA CORP /DE/ is the largest reported institutional holder of XLF, with approximately 85,978,579 shares worth $4.24B as of Q1 2026.
Yes — 3 widely-followed marquee investors appear among the top 25 institutional holders of XLF, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, TWO SIGMA INVESTMENTS, LP, Point72 Asset Management, L.P..
Our composite Smart Money Score for XLF is 50 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
166 institutions opened new positions in XLF during Q1 2026, while 265 fully exited. 264 added to existing positions and 1,349 trimmed.
Quarter-over-quarter ownership change for XLF is not yet available — at least two quarters of 13F data are required.
The top 10 institutions account for 55.3% of all reported 13F value in XLF, and the top 25 account for 72.7%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Financial Select Sector SPDR Fund (XLF) Institutional Ownership