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State Street SPDR Dow Jones Industrial Average ETF Trust
DIA

1,256 hedge funds and large institutions have $14.2B invested in State Street SPDR Dow Jones Industrial Average ETF Trust in 2025 Q1 according to their latest regulatory filings, with 92 funds opening new positions, 394 increasing their positions, 431 reducing their positions, and 105 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% more funds holding in top 10

Funds holding in top 10: 71 → 73 (+2)

9% less repeat investments, than reductions

Existing positions increased: 394 | Existing positions reduced: 431

9% less call options, than puts

Call options by funds: $5.93B | Put options by funds: $6.53B

1.17% less ownership

Funds ownership: 40.04% → 38.87% (-1.2%)

3% less funds holding

Funds holding: 1,295 → 1,256 (-39)

12% less first-time investments, than exits

New positions opened: 92 | Existing positions closed: 105

14% less capital invested

Capital invested by funds: $16.5B → $14.2B (-$2.29B)

Holders
1,256
Holders Change
-39
Holders Change %
-3.01%
% of All Funds
16.84%
Holding in Top 10
73
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+2.82%
% of All Funds
0.98%
New
92
Increased
394
Reduced
431
Closed
105
Calls
$5.93B
Puts
$6.53B
Net Calls
-$599M
Net Calls Change
-$711M

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$301M
2
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$186M
3
HP
Hancock Prospecting
Australia
+$175M
4
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$109M
5
PRS
Pinkerton Retirement Specialists
Idaho
+$74.2M

Top Sellers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$671M
2
Wolverine Trading
Wolverine Trading
Illinois
-$238M
3
AG
AIA Group
Hong Kong
-$134M
4
UBS Group
UBS Group
Switzerland
-$115M
5
Jane Street
Jane Street
New York
-$106M
Name Holding Trade Value Shares
Change 		Change in
Stake
SA
976
Sovran Advisors
California
$264K +$48K +111 +20%
AI
977
Accredited Investors
Minnesota
$264K – – –
DF
978
Dunhill Financial
United Kingdom
$263K -$162K -375 -37%
FPW
979
Fairvoy Private Wealth
Alabama
$263K -$195K -450 -42%
AIA
980
Accelerate Investment Advisors
California
$263K – – –
GGS
981
Galvin Gaustad & Stein
Arizona
$263K -$17.3K -40 -6%
BDF
982
Black Diamond Financial
Maryland
$262K +$1.3K +3 +0.5%
VHAM
983
Van Hulzen Asset Management
California
$262K – – –
EFG
984
Everhart Financial Group
Ohio
$259K – – –
VPF
985
Vantage Point Financial
Illinois
$259K – – –
CHJWM
986
Carlton Hofferkamp & Jenks Wealth Management
Texas
$259K – – –
ATC
987
Argent Trust Co
Tennessee
$259K +$6.92K +16 +3%
CWM
988
Collaborative Wealth Management
Florida
$258K -$41.5K -96 -14%
EM
989
Excalibur Management
Massachusetts
$257K – – –
BIA
990
Beacon Investment Advisors
Maryland
$257K +$1.3K +3 +0.5%
ACM
991
Avalon Capital Management
California
$257K – – –
WWA
992
Wingate Wealth Advisors
Massachusetts
$256K -$40.2K -93 -13%
BMCM
993
Bryn Mawr Capital Management
Pennsylvania
$256K – – –
CFS
994
Commonwealth Financial Services
West Virginia
$256K -$3.03K -7 -1%
GFWA
995
Grey Fox Wealth Advisors
Delaware
$256K +$1.3K +3 +0.5%
SWA
996
SOA Wealth Advisors
New York
$255K – – –
SJGA
997
Stephen J. Garry & Associates
New York
$255K – – –
AWM
998
Accel Wealth Management
Iowa
$255K +$865 +2 +0.3%
FRA
999
Front Row Advisors
California
$255K – – –
NSIM
1000
North Star Investment Management
Illinois
$254K – – –
38 39
40
41 42

DIA Hedge Fund Activity: Q1 2025 in Review

1,256 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) for Q1 2025, worth a combined $14.2B — down 14% from $16.5B a quarter earlier.

Sellers outnumbered buyers: 105 funds closed out of DIA and 92 opened new positions — a net loss of 13 holders — while 431 trimmed existing stakes and 394 added.

The largest buyer was Morgan Stanley, adding an estimated $301M. The largest seller was Royal Bank of Canada, cutting an estimated $671M.

  • 1,256 institutional investors held State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) as of Q1 2025, down from 1,295 in Q4 2024.
  • Funds reported $14.2B of State Street SPDR Dow Jones Industrial Average ETF Trust stock for Q1 2025, down 14% quarter-over-quarter.
  • 92 funds opened new State Street SPDR Dow Jones Industrial Average ETF Trust positions in Q1 2025 and 105 closed out, a net change of -13 holders.
  • The largest State Street SPDR Dow Jones Industrial Average ETF Trust buyer in Q1 2025 was Morgan Stanley, an estimated $301M added.
  • The largest State Street SPDR Dow Jones Industrial Average ETF Trust seller in Q1 2025 was Royal Bank of Canada, an estimated $671M sold.

Based on aggregated 13F filings for Q1 2025.