State Street SPDR S&P Global Natural Resources ETF
GNR
254 hedge funds and large institutions have $2.97B invested in State Street SPDR S&P Global Natural Resources ETF in 2025 Q4 according to their latest regulatory filings, with 43 funds opening new positions, 90 increasing their positions, 71 reducing their positions, and 12 closing their positions.
258% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 12
27% more repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 71
18% more funds holding in top 10
Funds holding in top 10: 11 → 13 (+2)
14% more capital invested
Capital invested by funds: $2.62B → $2.97B (+$355M)
12% more funds holding
Funds holding: 227 → 254 (+27)
0.01% less ownership
Funds ownership: 77.88% → 77.87% (-0.01%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Schroder Investment Management Group
London,
United Kingdom
|
+$150M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$27.6M |
| 3 |
FCAS
First Command Advisory Services
Fort Worth,
Texas
|
+$17.6M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$10.1M |
| 5 |
NL
NEPC LLC
Boston,
Massachusetts
|
+$8.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
-$15.7M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$10.2M |
| 3 |
Bank of New York Mellon
New York
|
-$5.44M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$4.96M |
| 5 |
Natixis Advisors
Boston,
Massachusetts
|
-$4.64M |
GNR Hedge Fund Activity: Q4 2025 in Review
254 of the 8,263 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Global Natural Resources ETF (GNR) for Q4 2025, worth a combined $2.97B — up 14% from $2.62B a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new GNR positions and 12 closed out — a net gain of 31 holders — while 90 added to existing stakes and 71 trimmed.
The largest buyer was Schroder Investment Management Group, opening a new position worth an estimated $150M. The largest seller was Northern Trust, cutting an estimated $15.7M.
- 254 institutional investors held State Street SPDR S&P Global Natural Resources ETF (GNR) as of Q4 2025, up from 227 in Q3 2025.
- Funds reported $2.97B of State Street SPDR S&P Global Natural Resources ETF stock for Q4 2025, up 14% quarter-over-quarter.
- 43 funds opened new State Street SPDR S&P Global Natural Resources ETF positions in Q4 2025 and 12 closed out, a net change of +31 holders.
- The largest State Street SPDR S&P Global Natural Resources ETF buyer in Q4 2025 was Schroder Investment Management Group, an estimated $150M added.
- The largest State Street SPDR S&P Global Natural Resources ETF seller in Q4 2025 was Northern Trust, an estimated $15.7M sold.
Based on aggregated 13F filings for Q4 2025.