Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Spdr Series Trust (XES)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +23
Streak
3Q ▲
Buyers last Q
66%

Smart Money Signals — XES

Based on 95 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 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.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
95 hedge funds hold XES 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 — +36% more funds vs a year ago

fund count last 6Q
+25 new funds entered over the past year (+36% 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.
🟢

More buyers than sellers — 66% buying

57 buying29 selling
Last quarter: 57 funds were net buyers (34 opened a brand new position + 23 added to an existing one). Only 29 were sellers (18 trimmed + 11 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+21 vs last Q)

new funds entering per quarter
Funds opening a new XES position: 8 → 12 → 13 → 34. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

52% of holders stayed for 2+ years

■ 52% conviction (2yr+) ■ 18% medium ■ 31% new
49 out of 95 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 +58% but shares only +13% — price-driven

Value
+58%
Shares
+12%
Last quarter: the total dollar value of institutional holdings rose +58%, but actual share count only changed +13%. 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.
🚀

Acceleration phase — new buyers rushing in

12 → 8 → 12 → 13 → 34 new funds/Q
New funds entering each quarter: 8 → 12 → 13 → 34. 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.
🏛️

Veteran-anchored — 61% veterans vs 31% newcomers

■ 61% veterans ■ 8% 1-2yr ■ 31% new
Entry-cohort mix of 97 holders: 59 (61%) are 2+ year veterans, 8 entered 1–2 years ago, and 30 (31%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 38% AUM from major funds

38% from top-100 AUM funds
13 of 90 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — 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 — XES

In 2026 Q1, 57 hedge funds were net buyers of XES (34 opened a new position, 23 added to an existing one), while 29 reduced or exited (18 trimmed, 11 sold completely) — a 66% buyer ratio, indicating clear institutional accumulation. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 38% of total institutional value in XES is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +23 funds (more new holders than closures). Total institutional holders: 95.

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.

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

Signal Freshness measures how much XES 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 · 82d ago
XES
-2.4%
SPY
+15.1%

XES outperformed SPY by -17.5% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 37d ago
XES
-12.4%
SPY
+1.3%

Since the filing became public, XES outperformed SPY by -13.7% .

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 ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

4 top-rated funds 0 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
0.9
/ 10
conviction
Hedge Fund Positioning: XES
95 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 95 72 31.94%
13F Shares 2M 2M 12.83%
Total Value $195M $124M 58.05%
New Positions 34 13 +21
Increased Positions 23 17 +6
Closed Positions 11 10 +1
Reduced Positions 17 18 -1
Total Calls 4 2 100.0%
Total Puts 1 2 -50.0%
PUT/CALL Ratio 0.25 1.0 Bullish

Statistics: XES

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
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)

95 + investors

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

QUARTER:
Top 25 XES holders by conviction (% of portfolio weight) — 2026 Q1 · 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 Concorde Financial Corp 0.23% 2,571 $299K
9 Invst, LLC 0.20% 15,572 $1.8M
10 Barometer Capital Management INC. 0.20% 5,100 $593K
11 Trek Financial, LLC 0.17% 27,668 $3.2M
12 Robertson Stephens Wealth Management, LLC 0.15% 45,922 $5.3M
13 Trademark Financial Management, LLC 0.13% 2,203 $256K
14 RFP Financial Group LLC 0.12% 1,977 $230K
15 Corecam Pte. Ltd. 0.10% 2,000 $233K
16 Stratos Wealth Advisors, LLC 0.04% 5,300 $617K
17 SummitTX Capital, L.P. 0.03% 8,877 $1.0M
18 Keystone Financial Group 0.03% 3,963 $461K
19 Quadrature Capital Ltd 0.02% 17,705 $2.1M
20 StoneX Group Inc. 0.02% 3,035 $353K
21 Capital Investment Advisory Services, LLC 0.02% 1,880 $219K
22 Provident Wealth Management, LLC 0.01% 400 $47K
23 Annis Gardner Whiting Capital Advisors, LLC 0.01% 672 $78K
24 Kiker Wealth Management, LLC 0.01% 173 $20K
25 Cwm, LLC 0.01% 30,519 $3.6M
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 — 3 quarters in a row: For 3 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?

More buyers than sellers — 66% buying: Last quarter: 57 funds were net buyers (34 opened a brand new position + 23 added to an existing one). Only 29 were sellers (18 trimmed + 11 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for XES holders?

Strong quality — 38% AUM from major funds: 13 of 90 holders rank in the top 100 by AUM, accounting for 38% 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?

52% of holders stayed for 2+ years: 49 out of 95 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.

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

As of today, XES has moved -12.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.3% for the SPY sector ETF — an outperformance of -13.7%. Since the quarter end (March 31, 2026), XES has gained -2.4% vs +15.1% 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.

Full history →