The Select Sector SPDR Trust - State Street Communication Services Select Sector SPDR ETF
MX ˙ BMV
SecurityMX:XLC / The Select Sector SPDR Trust - State Street Communication Services Select Sector SPDR ETF
InstitutionBaird Financial Group, Inc.
Latest Disclosed Ownership105,513 shares
Latest Disclosed Value $ 11,697,171
Baird Financial Group, Inc. reports 27.99% decrease in ownership of XLC / The Select Sector SPDR Trust - State Street Communication Services Select Sector SPDR ETF

On May 14, 2026 - Baird Financial Group, Inc. filed a 13F-HR form disclosing ownership of 105,513 shares of The Select Sector SPDR Trust - State Street Communication Services Select Sector SPDR ETF (MX:XLC) valued at $11,697,171 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 146,524 shares of The Select Sector SPDR Trust - State Street Communication Services Select Sector SPDR ETF. This represents a change in shares of -27.99% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F SELECT SECTOR SPDR TR STATE STREET COM 81369Y852 105,513 -41,011 -27.99 11,697 -32.18 0.0098
2026-02-13 2025-12-31 13F SELECT SECTOR SPDR TR STATE STREET COM COMMON 81369Y852 146,524 4,455 3.14 17,249 2.57 0.0269
2025-11-13 2025-09-30 13F COMMUNICATION SERVICES SELECT COMMON 81369Y852 142,069 1,092 0.77 16,817 9.91 0.0270
2025-08-13 2025-06-30 13F SELECT SECTOR SPDR TR COMMUNICATION COMMON 81369Y852 140,977 11,206 8.64 15,300 22.24 0.0268
2025-05-15 2025-03-31 13F SELECT SECTOR SPDR TR COMMUNICATION COMMON 81369Y852 129,771 25,292 24.21 12,516 23.75 0.0241
2025-02-14 2024-12-31 13F SELECT COMMN SVC SEL ETF COMMON 81369Y852 104,479 23,326 28.74 10,115 37.87 0.0193
2024-11-14 2024-09-30 13F SELECT COMMN SVC SEL ETF COMMON 81369Y852 81,153 6,422 8.59 7,336 14.61 0.0142
2024-08-14 2024-06-30 13F SELECT COMMN SVC SEL ETF COMMON 81369Y852 74,731 2,114 2.91 6,401 7.96 0.0133
2024-05-14 2024-03-31 13F SELECT COMMN SVC SEL ETF COMMON 81369Y852 72,617 16,073 28.43 5,930 44.33 0.0124
2024-02-14 2023-12-31 13F SELECT COMMN SVC SEL ETF COMMON 81369Y852 56,544 3,026 5.65 4,108 17.07 0.0094
2023-11-13 2023-09-30 13F SELECT COMMN SVC SEL ETF COMMON 81369Y852 53,518 -252 -0.47 3,509 0.29 0.0096
2023-08-11 2023-06-30 13F SELECT COMMN SVC SEL ETF COMMON 81369Y852 53,770 34,768 182.97 3,499 217.80 0.0092
2023-05-15 2023-03-31 13F SELECT COMMN SVC SEL ETF COMMON 81369Y852 19,002 -1,236 -6.11 1,102 0.0027
2023-02-13 2022-12-31 13F SELECT COMMN SVC SEL ETF COMMON 81369Y852 20,238 -4,320 -17.59 1 -100.00 0.0026
2022-11-15 2022-09-30 13F SELECT COMMN SVC SEL ETF COMMON 81369Y852 24,558 -14,156 -36.57 1,176 -44.03 0.0035
2022-08-08 2022-06-30 13F SELECT COMMN SVC SEL ETF COMMON 81369Y852 38,714 -9,697 -20.03 2,101 -36.91 0.0058
2022-05-13 2022-03-31 13F SELECT COMMN SVC SEL ETF COMMON 81369Y852 48,411 -3,547 -6.83 3,330 -17.49 0.0082
2022-02-09 2021-12-31 13F SELECT COMMN SVC SEL ETF COMMON 81369Y852 51,958 2,248 4.52 4,036 1.36 0.0094
2021-11-12 2021-09-30 13F SELECT COMMN SVC SEL ETF COMMON 81369Y852 49,710 -2,007 -3.88 3,982 -4.92 0.0102
2021-08-11 2021-06-30 13F SELECT COMMN SVC SEL ETF COMMON 81369Y852 51,717 7,223 16.23 4,188 28.39 0.0109
2021-05-13 2021-03-31 13F SELECT COMMN SVC SEL ETF COMMON 81369Y852 44,494 -32,075 -41.89 3,262 -36.87 0.0091
2021-02-11 2020-12-31 13F SELECT COMMN SVC SEL ETF COMMON 81369Y852 76,569 1,513 2.02 5,167 15.90 0.0154
2020-11-12 2020-09-30 13F SELECT COMMN SVC SEL ETF COMMON 81369Y852 75,056 17,662 30.77 4,458 43.71 0.0153
2020-10-22 2020-06-30 13F/A-1 SELECT SECTOR SPDR TR COMMON 81369Y852 57,394 -161,212 -73.75 3,102 -67.92 0.0117
2020-08-14 2020-06-30 13F SELECT SECTOR SPDR TR COMMON 81369Y852 46,132 38,585 2,474 9,112.9031
2020-05-14 2020-03-31 13F SELECT SECTOR SPDR TR COMMON 81369Y852 218,606 148,964 213.90 9,671 158.93 0.0442
2020-02-14 2019-12-31 13F SELECT COMMN SVC SEL ETF COMMON 81369Y852 69,642 -6,838 -8.94 3,735 -1.37 0.0134
2019-11-14 2019-09-30 13F SELECT SECTOR SPDR ETF Common 81369Y852 76,480 1,988 2.67 3,787 3.27 0.0149
2019-08-14 2019-06-30 13F SELECT SECTOR SPDR ETF COMMON 81369Y852 74,492 -3,563 -4.56 3,667 0.44 0.0143
2019-05-14 2019-03-31 13F SELECT COMMN SVC SEL ETF COMMON 81369Y852 78,055 52,600 206.64 3,651 247.38 0.0213
2019-02-14 2018-12-31 13F SELECT COMMN SVC SEL ETF COMMON 81369Y852 25,455 5,953 30.53 1,051 10.40 0.0071
2018-11-13 2018-09-30 13F SELECT COMMN SVC SEL ETF COMMON 81369Y852 19,502 19,502 952 0.0060
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.