State Street SPDR Bloomberg Convertible Securities ETF
508 hedge funds and large institutions have $3.09B invested in State Street SPDR Bloomberg Convertible Securities ETF in 2025 Q4 according to their latest regulatory filings, with 74 funds opening new positions, 158 increasing their positions, 153 reducing their positions, and 41 closing their positions.
80% more first-time investments, than exits
New positions opened: 74 | Existing positions closed: 41
10% more funds holding in top 10
Funds holding in top 10: 21 → 23 (+2)
4% more funds holding
Funds holding: 487 → 508 (+21)
3% more repeat investments, than reductions
Existing positions increased: 158 | Existing positions reduced: 153
4% less capital invested
Capital invested by funds: $3.22B → $3.09B (-$129M)
2% less ownership
Funds ownership: 69.05% → 67.06% (-2%)
73% less call options, than puts
Call options by funds: $366K | Put options by funds: $1.34M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$40M |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
+$20.2M |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$12.9M |
| 4 |
SIA
Strategic Investment Advisors
Farmington Hills,
Michigan
|
+$8.7M |
| 5 |
CIA
Concurrent Investment Advisors
Tampa,
Florida
|
+$4.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OPAM
Ocean Park Asset Management
Santa Monica,
California
|
-$50M |
| 2 |
HI
Horizon Investments
Charlotte,
North Carolina
|
-$20.6M |
| 3 |
PFM
Potomac Fund Management
Miami,
Florida
|
-$19.5M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$16.4M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$15.9M |
CWB Hedge Fund Activity: Q4 2025 in Review
508 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Bloomberg Convertible Securities ETF (CWB) for Q4 2025, worth a combined $3.09B — down 4% from $3.22B a quarter earlier.
Buyers outnumbered sellers: 74 funds opened new CWB positions and 41 closed out — a net gain of 33 holders — while 158 added to existing stakes and 153 trimmed.
The largest buyer was Jane Street, adding an estimated $40M. The largest seller was Ocean Park Asset Management, cutting an estimated $50M.
- 508 institutional investors held State Street SPDR Bloomberg Convertible Securities ETF (CWB) as of Q4 2025, up from 487 in Q3 2025.
- Funds reported $3.09B of State Street SPDR Bloomberg Convertible Securities ETF stock for Q4 2025, down 4% quarter-over-quarter.
- 74 funds opened new State Street SPDR Bloomberg Convertible Securities ETF positions in Q4 2025 and 41 closed out, a net change of +33 holders.
- The largest State Street SPDR Bloomberg Convertible Securities ETF buyer in Q4 2025 was Jane Street, an estimated $40M added.
- The largest State Street SPDR Bloomberg Convertible Securities ETF seller in Q4 2025 was Ocean Park Asset Management, an estimated $50M sold.
Based on aggregated 13F filings for Q4 2025.