Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Spdr Series Trust (XBI)

838 + Investors. Track Smart Money conviction in XBI. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +13
Streak
3Q ▲
Buyers last Q
51%

Smart Money Signals — XBI

Based on 846 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added XBI than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
846 hedge funds hold XBI right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +24% more funds vs a year ago

fund count last 6Q
+163 new funds entered over the past year (+24% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks. The peak was reached in just 3 quarters from the low — a sharp move.
🟡

Slight buying edge — 51% buying

390 buying373 selling
Last quarter: 390 funds bought or added vs 373 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-119 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 64 → 111 → 240 → 121. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 16% medium ■ 20% new
539 out of 846 hedge funds have held XBI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
🚀

Acceleration phase — new buyers rushing in

76 → 64 → 111 → 240 → 121 new funds/Q
New funds entering each quarter: 64 → 111 → 240 → 121. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Deep conviction — 71% of holders stayed 2+ years

■ 71% veterans ■ 9% 1-2yr ■ 20% new
Of 897 current holders: 633 (71%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 65% AUM from top-100 funds

65% from top-100 AUM funds
35 of 846 holders are among the 100 largest funds by AUM, controlling 65% of total institutional value in XBI. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — XBI

In 2026 Q1, 390 hedge funds were net buyers of XBI (121 opened a new position, 269 added to an existing one), while 373 reduced or exited (265 trimmed, 108 sold completely) — a 51% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 65% of total institutional value in XBI is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +13 funds (more new holders than closures). Total institutional holders: 846.

Hedge Fund Ownership: XBI

How many hedge funds hold XBI — quarterly history vs. share price
Quarterly hedge fund ownership of XBI vs. share price

Market Analysis: XBI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: XBI

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Spdr Series Trust (XBI) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much XBI has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 74d ago
XBI
+3.9%
SPY
+14.1%

XBI outperformed SPY by -10.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 29d ago
XBI
+1.6%
SPY
+0.3%

Since the filing became public, XBI outperformed SPY by +1.3% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

46 top-rated funds 12 high-conviction
Consensus
7.3
/ 10
breadth
×
Elite
5.1
/ 10
conviction
Hedge Fund Positioning: XBI
838 + Investors

Track Smart Money conviction in XBI. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 838 833 0.6%
13F Shares 179M 211M -15.3%
Total Value $22.33B $25.76B -13.3%
New Positions 118 240 -122
Increased Positions 250 241 +9
Closed Positions 113 73 +40
Reduced Positions 256 209 +47
Total Calls 29 30 -3.33%
Total Puts 51 48 6.25%
PUT/CALL Ratio 1.76 1.6 Bearish

Statistics: XBI

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

838 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in XBI. Verified SEC 13F-HR filings.

QUARTER:
Top 25 XBI holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 PSP Research LLC 25.75% 284,900 $36.4M
2 Deep Track Capital, LP 20.86% 10,000,000 $1.28B
3 Stonepine Capital Management, LLC 20.46% 400,000 $51.1M
4 Stonepine Capital Management, LLC 20.46% 400,000 $51.1M
5 Eagle Health Investments LP 16.31% 730,000 $93.2M
6 DAFNA Capital Management LLC 9.25% 318,505 $40.7M
7 Ikarian Capital, LLC 8.30% 800,000 $102.2M
8 Lalia Capital, LLC 8.07% 100,000 $12.8M
9 Lake Hills Wealth Management, LLC 6.57% 91,973 $11.7M
10 Oxford Asset Management LLP 5.35% 97,266 $12.4M
11 PFM Health Sciences, LP 5.30% 455,300 $58.2M
12 Sofinnova Investments, Inc. 5.10% 1,050,000 $134.1M
13 Marvin & Palmer Associates Inc 4.61% 30,136 $3.8M
14 Main Street Research LLC 4.22% 567,479 $72.5M
15 Sphera Funds Management LTD. 4.06% 200,000 $25.5M
16 Exome Asset Management LLC 3.96% 60,000 $7.7M
17 Greenhouse Funds LLLP 3.72% 650,949 $83.1M
18 Lhm, INC. 3.71% 73,760 $9.4M
19 Madrona Financial Services, LLC 3.69% 132,038 $16.9M
20 Two Seas Capital LP 3.44% 1,928,000 $246.3M
21 Bayesian Capital Management, LP 3.10% 19,900 $2.5M
22 Riggs Asset Managment Co. Inc. 2.83% 107,791 $13.8M
23 Yelin Lapidot Holdings Management Ltd. 2.78% 104,532 $13.4M
24 United Capital Management of KS, Inc. 2.74% 141,504 $18.1M
25 Investure, LLC 2.58% 412,250 $52.7M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Spdr Series Trust (XBI)

What does the Smart Money Trend signal show for XBI?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added XBI than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for XBI?

Slight buying edge — 51% buying: Last quarter: 390 funds bought or added vs 373 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for XBI holders?

Elite ownership — 65% AUM from top-100 funds: 35 of 846 holders are among the 100 largest funds by AUM, controlling 65% of total institutional value in XBI. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held XBI?

64% of holders stayed for 2+ years: 539 out of 846 hedge funds have held XBI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Spdr Series Trust (XBI) following the 2026 Q1 hedge fund 13F filings?

As of today, XBI has moved +1.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of +1.3%. Since the quarter end (March 31, 2026), XBI has gained +3.9% vs +14.1% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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