State Street Galaxy Hedged Digital Asset Ecosystem ETF
HECO
3 hedge funds and large institutions have $341K invested in State Street Galaxy Hedged Digital Asset Ecosystem ETF in 2025 Q1 according to their latest regulatory filings, with 3 funds opening new positions, increasing their positions, 0 reducing their positions, and 4 closing their positions.
25% less funds holding
Funds holding: 4 → 3 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
63.93% less ownership
Funds ownership: 64.61% → 0.68% (-64%)
100% less capital invested
Capital invested by funds: $81.1M → $341K (-$80.8M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$446K |
| 2 |
National Bank of Canada
Montreal,
Quebec, Canada
|
+$3.17K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$63 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GGI
Galaxy Group Investments
New York
|
-$44M |
| 2 |
Goldman Sachs
New York
|
-$25.1M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$12.1M |
| 4 |
BCWM
Bartlett & Co Wealth Management
Cincinnati,
Ohio
|
-$4.71K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Jane Street
New York
| $339K | +$446K | +14,100 | New |
|
|
2
National Bank of Canada
Montreal,
Quebec, Canada
| $2.4K | +$3.17K | +100 | New |
|
|
3
UBS Group
Zurich,
Switzerland
| $48 | +$63 | +2 | New |
|
|
GGI
4
Galaxy Group Investments
New York
| – | -$44M | -1,400,000 | Closed |
|
|
5
Goldman Sachs
New York
| – | -$25.1M | -800,000 | Closed |
|
|
6
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$12.1M | -384,193 | Closed |
|
|
BCWM
7
Bartlett & Co Wealth Management
Cincinnati,
Ohio
| – | -$4.71K | -150 | Closed |
|
HECO Hedge Fund Activity: Q1 2025 in Review
3 of the 7,466 institutional investors tracked by Wall St. Rank reported a position in State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO) for Q1 2025, worth a combined $341K — down 100% from $81.1M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of HECO and 3 opened new positions — a net loss of 1 holder — while 0 trimmed existing stakes and 0 added.
The largest buyer was Jane Street, opening a new position worth an estimated $446K. The largest seller was Galaxy Group Investments, exiting entirely with an estimated $44M sold.
- 3 institutional investors held State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO) as of Q1 2025, down from 4 in Q4 2024.
- Funds reported $341K of State Street Galaxy Hedged Digital Asset Ecosystem ETF stock for Q1 2025, down 100% quarter-over-quarter.
- 3 funds opened new State Street Galaxy Hedged Digital Asset Ecosystem ETF positions in Q1 2025 and 4 closed out, a net change of -1 holder.
- The largest State Street Galaxy Hedged Digital Asset Ecosystem ETF buyer in Q1 2025 was Jane Street, an estimated $446K added.
- The largest State Street Galaxy Hedged Digital Asset Ecosystem ETF seller in Q1 2025 was Galaxy Group Investments, an estimated $44M sold.
Based on aggregated 13F filings for Q1 2025.