Free · no sign-up · Q2 2026

Which funds own XHB

SPDR Series Trust in the Q2 2026 filings. At least 1 of the 91 current managers on file reported a position, worth $1.6m between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.

Managers holding: 1; at least, of 91 current
Combined value: $1.6m; as reported
Opened: 1; new this quarter
Added to: 0; already held
Trimmed or sold out: 1; 1 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Managers reporting a position

Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.

Manager	Value	Weight	Shares	Change on the quarter	Action
Discovery Capital Management LLC Macro · $2.4bn book	$1.6m	0.1%	14,100	opened14,100	New

Sold out of this quarter

Valued at what the position was worth in the previous filing, because by this one it is gone.

ExodusPoint Capital Management LP · Multi-strategy$9.9m held before

Ownership through time

At least 2 of the 95 managers whose filings are on file listed XHB in Q2 2026, against 2 in Q2 2013. 1 manager more than in Q1 2026: 2 started positions; 1 no longer listed it among the positions read, which can mean a holding below the listed range, a filing that reported no holdings, or a filing not yet made.

Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.

Managers on file listing it

Their combined reported value

Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.

Started in Q2 2026

Largest increases, by shares

Schonfeld Strategic Advisors LLCnew: 116,171 shares+$13m
Discovery Capital Management LLCnew: 14,100 shares+$1.6m

Largest decreases, by shares

No manager on file sold part of it.

Left it

No manager on file is shown leaving it.

Manager	First listed	Largest	Q2 2026
Schonfeld Strategic Advisors LLC	Q3 2021	$35m	$13m
Discovery Capital Management LLC	Q3 2015	$24m	$1.6m
T. Rowe Price Associates Inc	Q2 2024	$124m	last listed Q2 2024
Moore Capital Management LP	Q2 2013	$51m	last listed Q4 2025
Two Sigma Investments LP	Q4 2018	$33m	last listed Q4 2020
Steadfast Capital Management LP	Q2 2015	$30m	last listed Q3 2015
Point72 Asset Management LP	Q1 2015	$29m	last listed Q1 2015
Squarepoint Ops LLC	Q1 2016	$28m	last listed Q3 2023
Balyasny Asset Management LLC	Q1 2014	$27m	last listed Q4 2023
Two Sigma Advisers LP	Q1 2020	$24m	last listed Q1 2021
Caxton Associates LLP	Q2 2013	$23m	last listed Q4 2017
Soros Fund Management LLC	Q1 2024	$21m	last listed Q4 2025

What is inside it

Knowing who bought a fund is half the question. The other half is what the fund holds, which is the manager’s actual exposure rather than the wrapper they reached for.

What XHB holds

How much of the picture this is

A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.

What to do with a name the funds are buying

Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.

Comps ExplorerValue it against the peers it trades beside Every managerRead any of these books in full Deal tapeWhat buyers paid for whole companies, not slices Hedge fund interviewsHow the room runs, and the stock pitch it wants

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Illustrative figures. Default values are plausible starting points chosen so a model has somewhere to begin. They are not data, not a view on any company, and not calibrated to anything. Outputs move with whatever you type in.

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The holdings, every quarter, and the week between

One email a week on what moved in the market and what it means for the people interviewing into it, with the 13F changes the quarter they are filed.

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