State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF
EFAX
89 hedge funds and large institutions have $248M invested in State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF in 2026 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 31 increasing their positions, 20 reducing their positions, and 7 closing their positions.
55% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 20
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
1% more funds holding
Funds holding: 88 → 89 (+1)
4% less capital invested
Capital invested by funds: $259M → $248M (-$10.8M)
2.12% less ownership
Funds ownership: 55.19% → 53.07% (-2.1%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$1.94M |
| 2 |
B
Bailard
Foster City,
California
|
+$1.93M |
| 3 |
Jane Street
New York
|
+$1.72M |
| 4 |
GAM
Gemmer Asset Management
Walnut Creek,
California
|
+$1.69M |
| 5 |
Mercer Global Advisors
Denver,
Colorado
|
+$1.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LWIC
Leith Wheeler Investment Counsel
Vancouver,
British Columbia, Canada
|
-$11.1M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$2.39M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.34M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.08M |
| 5 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
-$494K |
EFAX Hedge Fund Activity: Q1 2026 in Review
89 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (EFAX) for Q1 2026, worth a combined $248M — down 4.2% from $259M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new EFAX positions and 7 closed out — a net gain of 2 holders — while 31 added to existing stakes and 20 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $1.94M. The largest seller was Leith Wheeler Investment Counsel, exiting entirely with an estimated $11.1M sold.
- 89 institutional investors held State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (EFAX) as of Q1 2026, up from 88 in Q4 2025.
- Funds reported $248M of State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF stock for Q1 2026, down 4.2% quarter-over-quarter.
- 9 funds opened new State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF positions in Q1 2026 and 7 closed out, a net change of +2 holders.
- The largest State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF buyer in Q1 2026 was Citadel Advisors, an estimated $1.94M added.
- The largest State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF seller in Q1 2026 was Leith Wheeler Investment Counsel, an estimated $11.1M sold.
Based on aggregated 13F filings for Q1 2026.