State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF
EFAX
84 hedge funds and large institutions have $198M invested in State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF in 2025 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 40 increasing their positions, 21 reducing their positions, and 9 closing their positions.
90% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 21
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
11% more capital invested
Capital invested by funds: $179M → $198M (+$19.3M)
2% more funds holding
Funds holding: 82 → 84 (+2)
1.59% less ownership
Funds ownership: 53.75% → 52.15% (-1.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$4.73M |
| 2 |
GAM
Gemmer Asset Management
Walnut Creek,
California
|
+$2.08M |
| 3 |
VAF
Values Added Financial
Washington,
District of Columbia
|
+$1.46M |
| 4 |
Jane Street
New York
|
+$1.37M |
| 5 |
FLPIM
F.L. Putnam Investment Management
Lynnfield,
Massachusetts
|
+$1.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cerity Partners
New York
|
-$4.29M |
| 2 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
-$2.14M |
| 3 |
PCIG
Partners Capital Investment Group
Boston,
Massachusetts
|
-$2.06M |
| 4 |
Betterment LLC
New York
|
-$1.3M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
-$1.16M |
EFAX Hedge Fund Activity: Q2 2025 in Review
84 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (EFAX) for Q2 2025, worth a combined $198M — up 11% from $179M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new EFAX positions and 9 closed out — a net gain of 2 holders — while 40 added to existing stakes and 21 trimmed.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $4.73M. The largest seller was Cerity Partners, exiting entirely with an estimated $4.29M sold.
- 84 institutional investors held State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (EFAX) as of Q2 2025, up from 82 in Q1 2025.
- Funds reported $198M of State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF stock for Q2 2025, up 11% quarter-over-quarter.
- 11 funds opened new State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF positions in Q2 2025 and 9 closed out, a net change of +2 holders.
- The largest State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF buyer in Q2 2025 was Citadel Advisors, an estimated $4.73M added.
- The largest State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF seller in Q2 2025 was Cerity Partners, an estimated $4.29M sold.
Based on aggregated 13F filings for Q2 2025.