State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF
EFAX
82 hedge funds and large institutions have $179M invested in State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF in 2025 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 30 increasing their positions, 29 reducing their positions, and 2 closing their positions.
350% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 2
8% more funds holding
Funds holding: 76 → 82 (+6)
3% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 29
3% less capital invested
Capital invested by funds: $185M → $179M (-$6.39M)
8.25% less ownership
Funds ownership: 61.99% → 53.75% (-8.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$2.54M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
+$1.81M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.62M |
| 4 |
EI
Ethic Inc
New York
|
+$983K |
| 5 |
GAM
Gemmer Asset Management
Walnut Creek,
California
|
+$726K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$1.3M |
| 2 |
Betterment LLC
New York
|
-$1.29M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$896K |
| 4 |
WA
Whipplewood Advisors
Littleton,
Colorado
|
-$889K |
| 5 |
LPL Financial
San Diego,
California
|
-$492K |
EFAX Hedge Fund Activity: Q1 2025 in Review
82 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (EFAX) for Q1 2025, worth a combined $179M — down 3.5% from $185M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new EFAX positions and 2 closed out — a net gain of 7 holders — while 30 added to existing stakes and 29 trimmed.
The largest buyer was UBS Group, adding an estimated $2.54M. The largest seller was Jane Street, cutting an estimated $1.3M.
- 82 institutional investors held State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (EFAX) as of Q1 2025, up from 76 in Q4 2024.
- Funds reported $179M of State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF stock for Q1 2025, down 3.5% quarter-over-quarter.
- 9 funds opened new State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF positions in Q1 2025 and 2 closed out, a net change of +7 holders.
- The largest State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF buyer in Q1 2025 was UBS Group, an estimated $2.54M added.
- The largest State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF seller in Q1 2025 was Jane Street, an estimated $1.3M sold.
Based on aggregated 13F filings for Q1 2025.