Who owns XLB (XLB)
Which tracked institutional funds hold XLB, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See XLB company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on XLB is one-sided between 2025-Q4 and 2026-Q1: 283 added or opened and 85 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
XLB’s largest tracked holder by dollar value, BANK OF AMERICA CORP /DE/, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.2% of theirs — a 0.1pp gap the other way — the median holder sizes XLB more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in XLB divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 895 tracked filers holding XLB, 504 increased or opened the position and 329 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in XLB between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 85
- MARSHALL WACE, LLP$107M
- ING GROEP NV$102M
- Brevan Howard Capital Management LP$50M
- Bellwether Advisors, LLC$34M
- GRIMES & Co WEALTH MANAGEMENT, LLC$21M
- Jain Global LLC$20M
Full exits 34
- FACTORY MUTUAL INSURANCE CO$60M
- Quantitative Investment Management, LLC$51M
- Caisse de depot et placement du Quebec$35M
- Cullen Capital Management, LLC$28M
- Passaic Partners LLC$20M
- D. E. Shaw & Co., Inc.$17M
Largest adds
- BNP PARIBAS FINANCIAL MARKETS$244M
- WELLS FARGO & COMPANY/MN$154M
- CITADEL ADVISORS LLC$126M
- MENORA MIVTACHIM HOLDINGS LTD.$109M
- CITIGROUP INC$95M
- ROYAL BANK OF CANADA$86M
Largest trims
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$166M
- BARCLAYS PLC$98M
- MILLENNIUM MANAGEMENT LLC$76M
- JANE STREET GROUP, LLC$57M
- CIBC WORLD MARKET INC.$41M
- HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND$35M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BANK OF AMERICA CORP /DE/ added | 9,756,100 | $488M | 9.4% | 2026-Q1 |
| MORGAN STANLEY trimmed | 7,150,812 | $357M | 6.9% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 6,351,145 | $317M | 6.1% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 5,482,074 | $274M | 5.3% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 5,263,345 | $263M | 5.1% | 2026-Q1 |
| MENORA MIVTACHIM HOLDINGS LTD. added | 5,146,950 | $257M | 5.0% | 2026-Q1 |
| LPL Financial LLC added | 2,780,162 | $139M | 2.7% | 2026-Q1 |
| UBS Group AG added | 2,734,806 | $137M | 2.6% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 2,614,163 | $131M | 2.5% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 2,442,259 | $122M | 2.3% | 2026-Q1 |
| MARSHALL WACE, LLP added | 2,146,422 | $107M | 2.1% | 2026-Q1 |
| Main Management ETF Advisors, LLC added | 2,072,875 | $104M | 2.0% | 2026-Q1 |
| COMMERCE BANK added | 2,036,640 | $102M | 2.0% | 2026-Q1 |
| ING GROEP NV added | 2,034,061 | $102M | 2.0% | 2026-Q1 |
| CITIGROUP INC added | 2,031,426 | $102M | 2.0% | 2026-Q1 |
| SRB CORP | 1,729,580 | $86M | 1.7% | 2026-Q1 |
| Migdal Insurance & Financial Holdings Ltd. added | 1,700,551 | $85M | 1.6% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 1,681,014 | $83M | 1.6% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 1,382,527 | $69M | 1.3% | 2026-Q1 |
| ALPS ADVISORS INC added | 1,232,826 | $62M | 1.2% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 1,109,270 | $55M | 1.1% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 1,077,391 | $54M | 1.0% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 1,017,470 | $51M | 1.0% | 2026-Q1 |
| NATIXIS added | 1,005,089 | $50M | 1.0% | 2026-Q1 |
| CIBC WORLD MARKET INC. trimmed | 1,002,353 | $50M | 1.0% | 2026-Q1 |
| Brevan Howard Capital Management LP added | 1,000,000 | $50M | 1.0% | 2026-Q1 |
| PGIM Custom Harvest LLC added | 994,369 | $50M | 1.0% | 2026-Q1 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp added | 934,061 | $47M | 0.9% | 2026-Q1 |
| EP Wealth Advisors, LLC trimmed | 876,480 | $44M | 0.8% | 2026-Q1 |
| BARCLAYS PLC trimmed | 872,769 | $44M | 0.8% | 2026-Q1 |
| Cetera Investment Advisers added | 702,637 | $35M | 0.7% | 2026-Q1 |
| Bellwether Advisors, LLC added | 682,542 | $34M | 0.7% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 551,942 | $28M | 0.5% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP added | 498,639 | $25M | 0.5% | 2026-Q1 |
| CWM, LLC added | 486,684 | $24M | 0.5% | 2026-Q1 |
| Main Management LLC added | 482,361 | $24M | 0.5% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. added | 474,981 | $24M | 0.5% | 2026-Q1 |
| Focus Partners Wealth trimmed | 472,621 | $24M | 0.5% | 2026-Q1 |
| RiverFront Investment Group, LLC added | 466,022 | $23M | 0.4% | 2026-Q1 |
| NORTHERN TRUST CORP added | 420,972 | $21M | 0.4% | 2026-Q1 |
| Advisory Alpha, LLC added | 419,797 | $21M | 0.4% | 2026-Q1 |
| GRIMES & Co WEALTH MANAGEMENT, LLC added | 417,228 | $21M | 0.4% | 2026-Q1 |
| Jain Global LLC added | 409,056 | $20M | 0.4% | 2026-Q1 |
| Point72 Asset Management, L.P. added | 394,910 | $20M | 0.4% | 2026-Q1 |
| Legal & General Group Plc added | 394,192 | $20M | 0.4% | 2026-Q1 |
| AE Wealth Management LLC added | 385,935 | $19M | 0.4% | 2026-Q1 |
| J.Safra Asset Management Corp added | 382,390 | $19M | 0.4% | 2026-Q1 |
| SIMPLEX TRADING, LLC added | 369,219 | $18M | 0.4% | 2026-Q1 |
| PRUDENTIAL PLC added | 320,000 | $16M | 0.3% | 2026-Q1 |
| University of Illinois Foundation new | 305,264 | $15M | 0.3% | 2026-Q1 |
| TTP Investments, Inc. new | 301,686 | $15M | 0.3% | 2026-Q1 |
| Caption Management, LLC added | 294,426 | $15M | 0.3% | 2026-Q1 |
| FIFTH THIRD BANCORP added | 293,961 | $15M | 0.3% | 2026-Q1 |
| HighTower Advisors, LLC added | 287,118 | $14M | 0.3% | 2026-Q1 |
| Thrivent Financial for Lutherans trimmed | 277,383 | $14M | 0.3% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 274,859 | $14M | 0.3% | 2026-Q1 |
| Atlantic Union Bankshares Corp added | 274,568 | $14M | 0.3% | 2026-Q1 |
| Cerity Partners LLC added | 270,379 | $14M | 0.3% | 2026-Q1 |
| Peak Retirement Planning, Inc. added | 264,006 | $13M | 0.3% | 2026-Q1 |
| AGF MANAGEMENT LTD trimmed | 260,229 | $13M | 0.3% | 2026-Q1 |
| Equitable Holdings, Inc. added | 285,935 | $13M | 0.2% | 2026-Q1 |
| Janney Montgomery Scott LLC trimmed | 253,341 | $13M | 0.2% | 2026-Q1 |
| Biltmore Wealth Management, LLC added | 252,445 | $13M | 0.2% | 2026-Q1 |
| Trust Asset Management LLC | 248,974 | $12M | 0.2% | 2026-Q1 |
| Royal Fund Management, LLC added | 242,648 | $12M | 0.2% | 2026-Q1 |
| SIG BROKERAGE, LP added | 242,459 | $12M | 0.2% | 2026-Q1 |
| TCV Trust & Wealth Management, Inc. trimmed | 242,214 | $12M | 0.2% | 2026-Q1 |
| SG Americas Securities, LLC trimmed | 240,750 | $12M | 0.2% | 2026-Q1 |
| Corient Private Wealth LLC trimmed | 252,100 | $12M | 0.2% | 2026-Q1 |
| GTS SECURITIES LLC added | 239,098 | $12M | 0.2% | 2026-Q1 |
| Dakota Wealth Management added | 231,369 | $12M | 0.2% | 2026-Q1 |
| HRT FINANCIAL LP added | 230,291 | $12M | 0.2% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. trimmed | 253,401 | $11M | 0.2% | 2026-Q1 |
| Integrated Wealth Concepts LLC added | 228,607 | $11M | 0.2% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 228,079 | $11M | 0.2% | 2026-Q1 |
| KCM INVESTMENT ADVISORS LLC added | 223,785 | $11M | 0.2% | 2026-Q1 |
| Trilogy Capital Inc. added | 218,157 | $11M | 0.2% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 212,344 | $11M | 0.2% | 2026-Q1 |
| PARK AVENUE SECURITIES LLC trimmed | 209,529 | $10M | 0.2% | 2026-Q1 |
| Redhawk Wealth Advisors, Inc. added | 209,208 | $10M | 0.2% | 2026-Q1 |
| Strategic Equity Management added | 202,891 | $10M | 0.2% | 2026-Q1 |
| Trek Financial, LLC added | 202,694 | $10M | 0.2% | 2026-Q1 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND trimmed | 200,000 | $10M | 0.2% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 200,759 | $10M | 0.2% | 2026-Q1 |
| Estate Counselors, LLC trimmed | 192,477 | $10M | 0.2% | 2026-Q1 |
| FLAGSHIP HARBOR ADVISORS, LLC added | 187,036 | $9M | 0.2% | 2026-Q1 |
| Hirtle & Co., LLC | 185,840 | $9M | 0.2% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 1,047,100 | $90M | 1.7% | 2025-Q1 stale |
| FACTORY MUTUAL INSURANCE CO added | 1,317,600 | $60M | 1.2% | 2025-Q4 stale |
| Quantitative Investment Management, LLC added | 1,126,646 | $51M | 1.0% | 2025-Q4 stale |
| Caisse de depot et placement du Quebec added | 779,043 | $35M | 0.7% | 2025-Q4 stale |
| Cullen Capital Management, LLC added | 626,265 | $28M | 0.5% | 2025-Q4 stale |
| Qube Research & Technologies Ltd added | 304,570 | $27M | 0.5% | 2025-Q2 stale |
| WINTON GROUP Ltd added | 266,027 | $24M | 0.5% | 2025-Q3 stale |
| Sabal Trust CO added | 263,452 | $23M | 0.4% | 2025-Q1 stale |
| Condire Management, LP new | 227,517 | $20M | 0.4% | 2025-Q2 stale |
| Passaic Partners LLC new | 438,697 | $20M | 0.4% | 2025-Q4 stale |
| D. E. Shaw & Co., Inc. added | 376,573 | $17M | 0.3% | 2025-Q4 stale |
| Cubist Systematic Strategies, LLC added | 190,077 | $17M | 0.3% | 2025-Q3 stale |
| Cornerstone Advisors, LLC added | 217,450 | $10M | 0.2% | 2025-Q4 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.