Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

SPDR SERIES TRUST (XES)

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

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +3
Streak
2Q ▲
Buyers last Q
53%

Smart Money Signals — XES

Based on 69 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added XES 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.
📊

High ownership — 82% of 3.0Y peak

82% of all-time peak
69 funds currently hold this stock — 82% of the 3.0-year high of 84 funds (reached 2023 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding XES is almost the same as a year ago (+1 funds, +1% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 53% buying

31 buying27 selling
Last quarter: 31 funds bought or added vs 27 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.
➡️

Steady new buyers — ~12 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 12 → 7 → 11 → 12. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

62% of holders stayed for 2+ years

62% conviction (2yr+) 16% medium 22% new
43 out of 69 hedge funds have held XES 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.
💰

Value +133% but shares only +105% — price-driven

Value
+133%
Shares
+104%
Last quarter: the total dollar value of institutional holdings rose +133%, but actual share count only changed +105%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈

Growing discovery — still being found

9 → 12 → 7 → 11 → 12 new funds/Q
New funds entering each quarter: 12 → 7 → 11 → 12. A growing number of institutions are discovering XES each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 69% of holders stayed 2+ years

69% veterans 10% 1-2yr 21% new
Of 72 current holders: 50 (69%) 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.

Strong quality — 34% AUM from major funds

34% from top-100 AUM funds
11 of 69 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.7
out of 10
Low Exit Risk
Exit risk score 2.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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.

Hedge Fund Ownership: XES

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

Market Analysis: XES

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: XES

-- --

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

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

7 top-rated funds 0 high-conviction
Consensus
3.9
/ 10
breadth
×
Elite
0.6
/ 10
conviction
Hedge Fund Positioning: XES
2026 Q1 Stats Unlock in 13 days 72 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 72 70 2.86%
13F Shares 1M 727K 104.57%
Total Value $122M $52M 132.95%
New Positions 12 11 +1
Increased Positions 22 19 +3
Closed Positions 9 8 +1
Reduced Positions 26 27 -1
Total Calls 2 3 -33.33%
Total Puts 2 2 -
PUT/CALL Ratio 1.0 0.67 Neutral

Statistics: XES

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Valuation Measures Data as of: --

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Enterprise Value --
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Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

72 + investors

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

Top 25 institutional holders of XES — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 New Harbor Financial Group, LLC 7.51% 366,483 $42.6M
2 Black Swift Group, LLC 1.40% 68,620 $8.0M
3 BCS Private Wealth Management, Inc. 0.65% 18,400 $2.1M
4 First Growth Capital LLC 0.55% 5,396 $614K
5 MERIDIAN INVESTMENT COUNSEL INC. 0.55% 19,775 $2.3M
6 Fulcrum Equity Management 0.41% 3,635 $423K
7 VICUS CAPITAL 0.31% 36,361 $4.2M
8 Robertson Stephens Wealth Management, LLC 0.15% 45,922 $5.3M
9 Trademark Financial Management, LLC 0.13% 2,203 $256K
10 Corecam Pte. Ltd. 0.10% 2,000 $233K
11 Stratos Wealth Advisors, LLC 0.04% 5,300 $617K
12 Capital Investment Advisory Services, LLC 0.02% 1,880 $219K
13 Provident Wealth Management, LLC 0.01% 400 $47K
14 Annis Gardner Whiting Capital Advisors, LLC 0.01% 672 $78K
15 Kiker Wealth Management, LLC 0.01% 173 $20K
16 Register Financial Advisors LLC 0.01% 173 $20K
17 PRIVATE TRUST CO NA 0.01% 650 $76K
18 Stratos Wealth Partners, LTD. 0.01% 4,482 $521K
19 Winthrop Capital Management, LLC 0.01% 200
20 HighTower Advisors, LLC 0.01% 44,063 $5.1M
21 Private Advisor Group, LLC 0.00% 8,626 $1.0M
22 Lodestone Wealth Management LLC 0.00% 100 $12K
23 DUNCKER STREETT & CO INC 0.00% 200 $23K
24 1 NORTH WEALTH SERVICES LLC 0.00% 85 $10K
25 Spire Wealth Management 0.00% 649 $76K
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 (XES)

What does the Smart Money Trend signal show for XES?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added XES 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 XES?

Slight buying edge — 53% buying: Last quarter: 31 funds bought or added vs 27 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 XES holders?

Strong quality — 34% AUM from major funds: 11 of 69 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held XES?

62% of holders stayed for 2+ years: 43 out of 69 hedge funds have held XES 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.

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.