Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Select Sector Spdr Tr (XLK)

2K + Investors. Track Smart Money conviction in XLK. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -39
Streak
1Q ▼
Buyers last Q
48%

Smart Money Signals — XLK

Based on 2416 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their XLK positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (98% of max)

98% of all-time peak
2,416 hedge funds hold XLK 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.
📶

Steady growth — +15% more funds vs a year ago

fund count last 6Q
+316 new funds entered over the past year (+15% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 48% buying

1053 buying1154 selling
Last quarter: 1,154 funds reduced or exited vs 1,053 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-144 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 231 → 195 → 333 → 189. 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.
🔒

66% of holders stayed for 2+ years

■ 66% conviction (2yr+) ■ 19% medium ■ 15% new
1,597 out of 2,416 hedge funds have held XLK 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.
📈

Growing discovery — still being found

172 → 231 → 195 → 333 → 189 new funds/Q
New funds entering each quarter: 231 → 195 → 333 → 189. A growing number of institutions are discovering XLK each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 68% veterans vs 19% newcomers

■ 68% veterans ■ 13% 1-2yr ■ 19% new
Entry-cohort mix of 2,464 holders: 1,668 (68%) are 2+ year veterans, 325 entered 1–2 years ago, and 471 (19%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 47% AUM from top-100 funds

47% from top-100 AUM funds
43 of 2404 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in XLK. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — 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.

Institutional Sentiment Summary — XLK

In 2026 Q1, 1053 hedge funds were net buyers of XLK (189 opened a new position, 864 added to an existing one), while 1154 reduced or exited (926 trimmed, 228 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. 47% of total institutional value in XLK is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -39 funds (more exits than new entries). Total institutional holders: 2416.

Hedge Fund Ownership: XLK

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

Market Analysis: XLK

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: XLK

-- --

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

Is It Too Late to Buy Select Sector Spdr Tr (XLK) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much XLK 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
XLK
+44.0%
SPY
+15.1%

XLK outperformed SPY by +28.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 37d ago
XLK
+8.6%
SPY
+1.3%

Since the filing became public, XLK outperformed SPY by +7.3% .

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 ?
Strong Institutional Conviction

Multiple high-quality funds hold meaningful positions with strong conviction.

80 top-rated funds 119 high-conviction
Consensus
8.3
/ 10
breadth
×
Elite
6.8
/ 10
conviction
Hedge Fund Positioning: XLK
2K + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 2386 2455 -2.81%
13F Shares 385M 396M -2.93%
Total Value $49.24B $56.23B -12.43%
New Positions 179 333 -154
Increased Positions 847 2042 -1195
Closed Positions 248 146 +102
Reduced Positions 904 59 +845
Total Calls 26 24 8.33%
Total Puts 33 37 -10.81%
PUT/CALL Ratio 1.27 1.54 Bearish

Statistics: XLK

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)

2K + investors

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

QUARTER:
Top 25 XLK holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 University of Chicago 63.00% 1,533,165 $203.8M
2 IMZ Advisory Inc 25.62% 509,816 $67.8M
3 Southern Capital Services Inc /Adv 14.83% 173,650 $23.1M
4 Bonfire Financial 13.90% 138,956 $18.5M
5 Flagship Capital Management Inc. 13.69% 140,134 $18.6M
6 Presper Financial Architects, LLC 13.50% 170,929 $22.7M
7 Cerity Partners OCIO LLC 13.49% 1,691,744 $224.8M
8 Lighthouse Financial Services Inc /Adv 12.88% 386,056 $57.1M
9 Ptm Wealth Management, LLC 11.84% 163,405 $22.4M
10 Cooksen Wealth, LLC 11.67% 120,902 $16.1M
11 Parker Investment Management, LLC 11.18% 554,785 $73.7M
12 Fox Financial, Inc 11.06% 101,936 $13.5M
13 Conservest Capital Advisors, Inc. 10.92% 906,122 $120.4M
14 Independence Wealth Advisors, LLC 10.51% 148,307 $19.7M
15 Cabana LLC 10.42% 9,992 $1.3M
16 WestEnd Advisors, LLC 10.34% 3,223,539 $428.4M
17 Biltmore Wealth Management, LLC 10.33% 218,622 $29.1M
18 Markin Asset Management, LP 10.28% 70,488 $9.4M
19 J.Safra Asset Management Corp 10.06% 1,404,265 $186.6M
20 LightSquare Wealth Management, LLC 10.03% 100,723 $13.4M
21 Mendel Capital Management LLC 9.90% 148,197 $19.7M
22 Socha Financial Group, LLC 9.46% 140,285 $18.6M
23 Fairfield Financial Advisors, LTD 9.05% 197,533 $26.3M
24 TradeWell Securities, LLC. 8.89% 158,495 $21.1M
25 Welch Financial Planning, LLC 8.83% 92,376 $12.3M
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 — Select Sector Spdr Tr (XLK)

What does the Smart Money Trend signal show for XLK?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their XLK positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for XLK?

More sellers than buyers — 48% buying: Last quarter: 1,154 funds reduced or exited vs 1,053 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for XLK holders?

Elite ownership — 47% AUM from top-100 funds: 43 of 2404 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in XLK. 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 XLK?

66% of holders stayed for 2+ years: 1,597 out of 2,416 hedge funds have held XLK 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 Select Sector Spdr Tr (XLK) following the 2026 Q1 hedge fund 13F filings?

As of today, XLK has moved +8.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.3% for the SPY sector ETF — an outperformance of +7.3%. Since the quarter end (March 31, 2026), XLK has gained +44.0% 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 →