Ikarian Capital’s State Street SPDR S&P 500 ETF Trust SPY Stock Holding History

Ikarian Capital’s Portfolio SPY Stock Details SPY Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q2	–	Sell	-320,000	Closed	-$179M	–	184
2025 Q1	$179M	Buy	+320,000	New	+$188M	22.06%	1
2023 Q4	–	Sell	-1,500	Closed	-$64.1M	–	177
2023 Q3	$64.1M	Buy	+1,500	New	+$667K	7.71%	1
2022 Q4	–	Sell	-60,000	Closed	-$21.4M	–	105
2022 Q3	$21.4M	Buy	+60,000	New	+$23.8M	4.27%	3
2021 Q4	–	Sell	-300,000	Closed	-$129M	–	230
2021 Q3	$129M	Buy	+300,000	New	+$132M	9.07%	1
2021 Q2	–	Sell	-550,000	Closed	-$218M	–	276
2021 Q1	$218M	Buy	550,000 +310,000	+129%	+$120M	7.34%	1
2020 Q4	$89.7M	Buy	240,000 +40,000	+20%	+$14.2M	3.96%	5
2020 Q3	$67M	Sell	200,000 -500,000	-71%	-$166M	4.85%	5
2020 Q2	$216M	Sell	700,000 -250,000	-26%	-$73.2M	17.18%	1
2020 Q1	$245M	Buy	+950,000	New	+$290M	18.41%	1

Other funds holding SPY

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Susquehanna International Group Bala Cynwyd, Pennsylvania $893B AUM 36.07% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Ikarian Capital's SPY Position: Q2 2025 in Review

Ikarian Capital sold out of State Street SPDR S&P 500 ETF Trust (SPY) in Q2 2025, closing a stake of 25,000 shares — an estimated $14M sold.

Ikarian Capital first reported a position in SPY in Q1 2025 and held it in 1 quarter. The position peaked at $14M in Q1 2025. 4,227 funds tracked by Wall St. Rank hold SPY as of Q2 2025.

Ikarian Capital reported no remaining State Street SPDR S&P 500 ETF Trust position as of Q2 2025 after selling out during the quarter.
Ikarian Capital sold 25,000 State Street SPDR S&P 500 ETF Trust shares in Q2 2025, an estimated $14M.
Ikarian Capital first reported a position in State Street SPDR S&P 500 ETF Trust in Q1 2025 and held it in 1 quarter.
Ikarian Capital's State Street SPDR S&P 500 ETF Trust position peaked at $14M in Q1 2025.
4,227 funds tracked by Wall St. Rank held State Street SPDR S&P 500 ETF Trust as of Q2 2025.

Based on Ikarian Capital's 13F filing for Q2 2025, filed 14 Aug 2025.