State Street SPDR MSCI ACWI ex-US ETF
235 hedge funds and large institutions have $1.43B invested in State Street SPDR MSCI ACWI ex-US ETF in 2025 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 74 increasing their positions, 76 reducing their positions, and 19 closing their positions.
74% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 19
10% more capital invested
Capital invested by funds: $1.3B → $1.43B (+$133M)
10% more funds holding in top 10
Funds holding in top 10: 10 → 11 (+1)
5% more funds holding
Funds holding: 223 → 235 (+12)
0.36% less ownership
Funds ownership: 75.37% → 75.01% (-0.36%)
3% less repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 76
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JCM
Jacobi Capital Management
Pittston,
Pennsylvania
|
+$18M |
| 2 |
APP
Avantax Planning Partners
Dubuque,
Iowa
|
+$9.84M |
| 3 |
3AM
3EDGE Asset Management
Naples,
Florida
|
+$9.58M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$8.9M |
| 5 |
LPL Financial
San Diego,
California
|
+$4.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$24.7M |
| 2 |
P
Pitcairn
Conshohocken,
Pennsylvania
|
-$9.26M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
-$6.26M |
| 4 |
Morgan Stanley
New York
|
-$5.4M |
| 5 |
SFA
Sequoia Financial Advisors
Akron,
Ohio
|
-$4.63M |
CWI Hedge Fund Activity: Q2 2025 in Review
235 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR MSCI ACWI ex-US ETF (CWI) for Q2 2025, worth a combined $1.43B — up 10% from $1.3B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new CWI positions and 19 closed out — a net gain of 14 holders — while 74 added to existing stakes and 76 trimmed.
The largest buyer was Jacobi Capital Management, opening a new position worth an estimated $18M. The largest seller was Jane Street, exiting entirely with an estimated $24.7M sold.
- 235 institutional investors held State Street SPDR MSCI ACWI ex-US ETF (CWI) as of Q2 2025, up from 223 in Q1 2025.
- Funds reported $1.43B of State Street SPDR MSCI ACWI ex-US ETF stock for Q2 2025, up 10% quarter-over-quarter.
- 33 funds opened new State Street SPDR MSCI ACWI ex-US ETF positions in Q2 2025 and 19 closed out, a net change of +14 holders.
- The largest State Street SPDR MSCI ACWI ex-US ETF buyer in Q2 2025 was Jacobi Capital Management, an estimated $18M added.
- The largest State Street SPDR MSCI ACWI ex-US ETF seller in Q2 2025 was Jane Street, an estimated $24.7M sold.
Based on aggregated 13F filings for Q2 2025.