State Street SPDR S&P Bank ETF
246 hedge funds and large institutions have $1.05B invested in State Street SPDR S&P Bank ETF in 2025 Q2 according to their latest regulatory filings, with 47 funds opening new positions, 62 increasing their positions, 70 reducing their positions, and 39 closing their positions.
45% more call options, than puts
Call options by funds: $227M | Put options by funds: $157M
21.05% more ownership
Funds ownership: 50.58% → 71.63% (+21%)
21% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 39
2% more funds holding
Funds holding: 242 → 246 (+4)
4% more capital invested
Capital invested by funds: $1.02B → $1.05B (+$37.1M)
11% less repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 70
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Schroder Investment Management Group
London,
United Kingdom
|
+$35M |
| 2 |
Morgan Stanley
New York
|
+$20.7M |
| 3 |
Citigroup
New York
|
+$18.7M |
| 4 |
SGDR
SPX Gestao de Recursos
Rio De Janeiro,
Brazil
|
+$16.8M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$13.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KI
Kapitalo Investimentos
Sao Paulo,
Brazil
|
-$25.3M |
| 2 |
QC
Quadrature Capital
London,
United Kingdom
|
-$22.8M |
| 3 |
Millennium Management
New York
|
-$21.7M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$18.6M |
| 5 |
TF
TLWM Financial
San Antonio,
Texas
|
-$17.1M |
KBE Hedge Fund Activity: Q2 2025 in Review
246 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Bank ETF (KBE) for Q2 2025, worth a combined $1.05B — up 3.7% from $1.02B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new KBE positions and 39 closed out — a net gain of 8 holders — while 62 added to existing stakes and 70 trimmed.
The largest buyer was Schroder Investment Management Group, opening a new position worth an estimated $35M. The largest seller was Kapitalo Investimentos, exiting entirely with an estimated $25.3M sold.
- 246 institutional investors held State Street SPDR S&P Bank ETF (KBE) as of Q2 2025, up from 242 in Q1 2025.
- Funds reported $1.05B of State Street SPDR S&P Bank ETF stock for Q2 2025, up 3.7% quarter-over-quarter.
- 47 funds opened new State Street SPDR S&P Bank ETF positions in Q2 2025 and 39 closed out, a net change of +8 holders.
- The largest State Street SPDR S&P Bank ETF buyer in Q2 2025 was Schroder Investment Management Group, an estimated $35M added.
- The largest State Street SPDR S&P Bank ETF seller in Q2 2025 was Kapitalo Investimentos, an estimated $25.3M sold.
Based on aggregated 13F filings for Q2 2025.