State Street SPDR MSCI ACWI ex-US ETF
245 hedge funds and large institutions have $1.65B invested in State Street SPDR MSCI ACWI ex-US ETF in 2025 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 62 increasing their positions, 74 reducing their positions, and 7 closing their positions.
200% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 7
15% more capital invested
Capital invested by funds: $1.43B → $1.65B (+$217M)
9% more funds holding in top 10
Funds holding in top 10: 11 → 12 (+1)
4% more funds holding
Funds holding: 235 → 245 (+10)
1.35% more ownership
Funds ownership: 75.01% → 76.37% (+1.4%)
16% less repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 74
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFG
Merit Financial Group
Alpharetta,
Georgia
|
+$84.4M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$11.5M |
| 3 |
3AM
3EDGE Asset Management
Naples,
Florida
|
+$9.89M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$6.4M |
| 5 |
Jane Street
New York
|
+$3.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
APWA
Atlas Private Wealth Advisors
Matawan,
New Jersey
|
-$9.11M |
| 2 |
CI
Clal Insurance
Tel-Aviv,
Israel
|
-$8.89M |
| 3 |
M1FG
Mach-1 Financial Group
Rogers,
Arkansas
|
-$8.06M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$3.14M |
| 5 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$2.09M |
CWI Hedge Fund Activity: Q3 2025 in Review
245 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR MSCI ACWI ex-US ETF (CWI) for Q3 2025, worth a combined $1.65B — up 15% from $1.43B a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new CWI positions and 7 closed out — a net gain of 14 holders — while 62 added to existing stakes and 74 trimmed.
The largest buyer was Merit Financial Group, adding an estimated $84.4M. The largest seller was Atlas Private Wealth Advisors, cutting an estimated $9.11M.
- 245 institutional investors held State Street SPDR MSCI ACWI ex-US ETF (CWI) as of Q3 2025, up from 235 in Q2 2025.
- Funds reported $1.65B of State Street SPDR MSCI ACWI ex-US ETF stock for Q3 2025, up 15% quarter-over-quarter.
- 21 funds opened new State Street SPDR MSCI ACWI ex-US ETF positions in Q3 2025 and 7 closed out, a net change of +14 holders.
- The largest State Street SPDR MSCI ACWI ex-US ETF buyer in Q3 2025 was Merit Financial Group, an estimated $84.4M added.
- The largest State Street SPDR MSCI ACWI ex-US ETF seller in Q3 2025 was Atlas Private Wealth Advisors, an estimated $9.11M sold.
Based on aggregated 13F filings for Q3 2025.