State Street Galaxy Hedged Digital Asset Ecosystem ETF
HECO
3 hedge funds and large institutions have $23.6M invested in State Street Galaxy Hedged Digital Asset Ecosystem ETF in 2025 Q4 according to their latest regulatory filings, with 1 funds opening new positions, increasing their positions, 1 reducing their positions, and 0 closing their positions.
50% more funds holding
Funds holding: 2 → 3 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
13.23% less ownership
Funds ownership: 49.52% → 36.29% (-13%)
45% less capital invested
Capital invested by funds: $42.6M → $23.6M (-$19M)
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$218K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GGI
Galaxy Group Investments
New York
|
-$18.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GGI
1
Galaxy Group Investments
New York
| $23.4M | -$18.6M | -430,000 | -42% |
|
|
2
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $200K | +$218K | +5,047 | New |
|
3
National Bank of Canada
Montreal,
Quebec, Canada
| $3.95K | – | – | – |
|
HECO Hedge Fund Activity: Q4 2025 in Review
3 of the 8,232 institutional investors tracked by Wall St. Rank reported a position in State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO) for Q4 2025, worth a combined $23.6M — down 45% from $42.6M a quarter earlier.
Buyers outnumbered sellers: 1 fund opened new HECO positions and 0 closed out — a net gain of 1 holder — while 0 added to existing stakes and 1 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $218K. The largest seller was Galaxy Group Investments, cutting an estimated $18.6M.
- 3 institutional investors held State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO) as of Q4 2025, up from 2 in Q3 2025.
- Funds reported $23.6M of State Street Galaxy Hedged Digital Asset Ecosystem ETF stock for Q4 2025, down 45% quarter-over-quarter.
- 1 fund opened new State Street Galaxy Hedged Digital Asset Ecosystem ETF positions in Q4 2025 and 0 closed out, a net change of +1 holder.
- The largest State Street Galaxy Hedged Digital Asset Ecosystem ETF buyer in Q4 2025 was Susquehanna International Group, an estimated $218K added.
- The largest State Street Galaxy Hedged Digital Asset Ecosystem ETF seller in Q4 2025 was Galaxy Group Investments, an estimated $18.6M sold.
Based on aggregated 13F filings for Q4 2025.