State Street SPDR S&P Global Natural Resources ETF
227 hedge funds and large institutions have $2.62B invested in State Street SPDR S&P Global Natural Resources ETF in 2025 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 71 increasing their positions, 66 reducing their positions, and 19 closing their positions.
37% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 19
36% more capital invested
Capital invested by funds: $1.92B → $2.62B (+$699M)
10% more funds holding in top 10
Funds holding in top 10: 10 → 11 (+1)
9.39% more ownership
Funds ownership: 68.48% → 77.88% (+9.4%)
3% more funds holding
Funds holding: 221 → 227 (+6)
8% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 66
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCAS
First Command Advisory Services
Fort Worth,
Texas
|
+$288M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$254M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$13.2M |
| 4 |
ANTB
AMG National Trust Bank
Greenwood Village,
Colorado
|
+$7.11M |
| 5 |
OFG
Oxford Financial Group
Carmel,
Indiana
|
+$6.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$23M |
| 2 |
Northern Trust
Chicago,
Illinois
|
-$21.5M |
| 3 |
NL
NEPC LLC
Boston,
Massachusetts
|
-$7.4M |
| 4 |
M&T Bank
Buffalo,
New York
|
-$6.68M |
| 5 |
Morgan Stanley
New York
|
-$5.45M |
GNR Hedge Fund Activity: Q3 2025 in Review
227 of the 7,639 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Global Natural Resources ETF (GNR) for Q3 2025, worth a combined $2.62B — up 36% from $1.92B a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new GNR positions and 19 closed out — a net gain of 7 holders — while 71 added to existing stakes and 66 trimmed.
The largest buyer was First Command Advisory Services, opening a new position worth an estimated $288M. The largest seller was 1832 Asset Management, exiting entirely with an estimated $23M sold.
- 227 institutional investors held State Street SPDR S&P Global Natural Resources ETF (GNR) as of Q3 2025, up from 221 in Q2 2025.
- Funds reported $2.62B of State Street SPDR S&P Global Natural Resources ETF stock for Q3 2025, up 36% quarter-over-quarter.
- 26 funds opened new State Street SPDR S&P Global Natural Resources ETF positions in Q3 2025 and 19 closed out, a net change of +7 holders.
- The largest State Street SPDR S&P Global Natural Resources ETF buyer in Q3 2025 was First Command Advisory Services, an estimated $288M added.
- The largest State Street SPDR S&P Global Natural Resources ETF seller in Q3 2025 was 1832 Asset Management, an estimated $23M sold.
Based on aggregated 13F filings for Q3 2025.