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State Street SPDR Bloomberg Convertible Securities ETF
CWB

463 hedge funds and large institutions have $2.55B invested in State Street SPDR Bloomberg Convertible Securities ETF in 2025 Q1 according to their latest regulatory filings, with 41 funds opening new positions, 136 increasing their positions, 177 reducing their positions, and 83 closing their positions.

New
Increased
Maintained
Reduced
Closed

2.37% less ownership

Funds ownership: 68.7% → 66.33% (-2.4%)

10% less funds holding

Funds holding: 517 → 463 (-54)

15% less capital invested

Capital invested by funds: $2.98B → $2.55B (-$433M)

23% less repeat investments, than reductions

Existing positions increased: 136 | Existing positions reduced: 177

32% less funds holding in top 10

Funds holding in top 10: 22 → 15 (-7)

51% less first-time investments, than exits

New positions opened: 41 | Existing positions closed: 83

100% less call options, than puts

Call options by funds: $230K | Put options by funds: $66.5M

Holders
463
Holders Change
-54
Holders Change %
-10.44%
% of All Funds
6.21%
Holding in Top 10
15
Holding in Top 10 Change
-7
Holding in Top 10 Change %
-31.82%
% of All Funds
0.2%
New
41
Increased
136
Reduced
177
Closed
83
Calls
$230K
Puts
$66.5M
Net Calls
-$66.3M
Net Calls Change
-$66.2M

Top Buyers

1
Ameriprise
Ameriprise
Minnesota
+$27M
2
QC
Quadrature Capital
United Kingdom
+$12M
3
Bank of America
Bank of America
North Carolina
+$8.8M
4
Wells Fargo
Wells Fargo
California
+$7.6M
5
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$7.06M

Top Sellers

1
AssetMark Inc
AssetMark Inc
California
-$125M
2
OPAM
Ocean Park Asset Management
California
-$67.8M
3
GM
GeoWealth Management
Illinois
-$18.2M
4
PFM
Potomac Fund Management
Florida
-$15.5M
5
SIA
Strategic Investment Advisors
Michigan
-$14M
Name Holding Trade Value Shares
Change 		Change in
Stake
DJYG
76
David J. Yvars Group
Florida
$4.32M -$29.4K -372 -0.7%
Rockefeller Capital Management
77
Rockefeller Capital Management
New York
$4.29M +$79 +1 +0%
SIAP
78
Sterling Investment Advisors (Pennsylvania)
Pennsylvania
$4.21M +$56.5K +715 +1%
HighTower Advisors
79
HighTower Advisors
Illinois
$3.99M +$94.2K +1,192 +2%
SCM
80
Sage Capital Management
New Jersey
$3.95M +$9.09K +115 +0.2%
CPIG
81
Chicago Partners Investment Group
Illinois
$3.64M -$23.8K -301 -0.6%
B
82
Barings
North Carolina
$3.62M +$3.73M +47,196 New
OAS
83
Optivise Advisory Services
Tennessee
$3.61M -$2.06M -26,044 -36%
WB
84
WesBanco Bank
West Virginia
$3.57M +$9.88K +125 +0.3%
Citigroup
85
Citigroup
New York
$3.43M +$157K +1,987 +5%
JFG
86
Jefferies Financial Group
New York
$3.29M – – –
PFS
87
Prospera Financial Services
Texas
$3.29M -$2.05M -25,912 -38%
CL
88
CIM LLC
New York
$3.29M +$33.4K +423 +1%
Thrivent Financial for Lutherans
89
Thrivent Financial for Lutherans
Minnesota
$3.1M – – –
Kovitz Investment Group Partners
90
Kovitz Investment Group Partners
Illinois
$3.06M -$459K -5,813 -13%
TA
91
TFG Advisers
Michigan
$3.02M -$133K -1,681 -4%
AI
92
Atria Investments
North Carolina
$2.92M -$2.96M -37,456 -50%
MLM
93
Mount Lucas Management
Pennsylvania
$2.65M +$49.5K +627 +2%
HCM
94
HMS Capital Management
Tennessee
$2.63M +$2.87M +36,367 New
WA
95
Waverly Advisors
Alabama
$2.63M -$31K -393 -1%
SW
96
Simplicity Wealth
New Jersey
$2.56M +$2.64M +33,420 New
William Blair & Company
97
William Blair & Company
Illinois
$2.55M +$32.5K +411 +1%
FFN
98
Focus Financial Network
Minnesota
$2.54M +$3K +38 +0.1%
Fidelity International
99
Fidelity International
Bermuda
$2.47M +$1.22M +15,383 +91%
FWA
100
FOCUS Wealth Advisors
Texas
$2.38M -$62.3K -788 -2%
2 3
4
5 6

CWB Hedge Fund Activity: Q1 2025 in Review

463 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Bloomberg Convertible Securities ETF (CWB) for Q1 2025, worth a combined $2.55B — down 15% from $2.98B a quarter earlier.

Sellers outnumbered buyers: 83 funds closed out of CWB and 41 opened new positions — a net loss of 42 holders — while 177 trimmed existing stakes and 136 added.

The largest buyer was Ameriprise, adding an estimated $27M. The largest seller was AssetMark Inc, cutting an estimated $125M.

  • 463 institutional investors held State Street SPDR Bloomberg Convertible Securities ETF (CWB) as of Q1 2025, down from 517 in Q4 2024.
  • Funds reported $2.55B of State Street SPDR Bloomberg Convertible Securities ETF stock for Q1 2025, down 15% quarter-over-quarter.
  • 41 funds opened new State Street SPDR Bloomberg Convertible Securities ETF positions in Q1 2025 and 83 closed out, a net change of -42 holders.
  • The largest State Street SPDR Bloomberg Convertible Securities ETF buyer in Q1 2025 was Ameriprise, an estimated $27M added.
  • The largest State Street SPDR Bloomberg Convertible Securities ETF seller in Q1 2025 was AssetMark Inc, an estimated $125M sold.

Based on aggregated 13F filings for Q1 2025.