We are live on ! Find out more
CWB icon

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
Bank of America
1
Bank of America
North Carolina
$202M +$8.8M +111,401 +4%
Envestnet Asset Management
2
Envestnet Asset Management
Illinois
$186M -$11.8M -149,284 -6%
HCM
3
Howard Capital Management
Georgia
$182M +$1.66M +20,976 +0.9%
Morgan Stanley
4
Morgan Stanley
New York
$124M -$385K -4,870 -0.3%
Cetera Investment Advisers
5
Cetera Investment Advisers
Illinois
$122M -$356K -4,506 -0.3%
Ameriprise
6
Ameriprise
Minnesota
$103M +$27M +341,981 +34%
LPL Financial
7
LPL Financial
California
$98.3M +$5.09M +64,481 +5%
Wells Fargo
8
Wells Fargo
California
$92.9M +$7.6M +96,221 +9%
Bessemer Group
9
Bessemer Group
New Jersey
$87.2M – – –
PNC Financial Services Group
10
PNC Financial Services Group
Pennsylvania
$61.8M -$1.24M -15,664 -2%
Goldman Sachs
11
Goldman Sachs
New York
$54M +$6.85M +86,654 +14%
NYLIM
12
New York Life Investment Management
New York
$50.5M -$10.9M -138,261 -17%
Deutsche Bank
13
Deutsche Bank
Germany
$48.8M – – –
Northwestern Mutual Wealth Management
14
Northwestern Mutual Wealth Management
Wisconsin
$44.8M +$7.06M +89,367 +18%
Allianz Asset Management
15
Allianz Asset Management
Germany
$44.3M -$8.54M -108,100 -16%
BCI
16
Brinker Capital Investments
Pennsylvania
$37.5M +$550K +6,966 +1%
OPS
17
Orion Portfolio Solutions
Nebraska
$37.5M +$550K +6,966 +1%
UBS Group
18
UBS Group
Switzerland
$37M +$640K +8,102 +2%
Bank of Montreal
19
Bank of Montreal
Ontario, Canada
$34.5M -$955K -12,095 -3%
Royal Bank of Canada
20
Royal Bank of Canada
Ontario, Canada
$29.8M -$24.9K -315 -0.1%
HHRDM
21
H&H Retirement Design & Management
Nevada
$28.3M +$178K +2,258 +0.6%
Raymond James Financial
22
Raymond James Financial
Florida
$25.9M +$5.45M +69,034 +26%
AllianceBernstein
23
AllianceBernstein
Tennessee
$23.1M – – –
QC
24
Quadrature Capital
United Kingdom
$21M +$12M +151,861 +124%
Cambridge Investment Research Advisors
25
Cambridge Investment Research Advisors
Iowa
$20.4M +$618K +7,825 +3%
1
2 3 4 5

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.