State Street SPDR S&P Bank ETF
247 hedge funds and large institutions have $1.02B invested in State Street SPDR S&P Bank ETF in 2025 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 67 increasing their positions, 76 reducing their positions, and 25 closing their positions.
24% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 25
0% more funds holding
Funds holding: 246 → 247 (+1)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3% less capital invested
Capital invested by funds: $1.05B → $1.02B (-$28.7M)
3.39% less ownership
Funds ownership: 71.63% → 68.24% (-3.4%)
12% less repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 76
33% less call options, than puts
Call options by funds: $128M | Put options by funds: $192M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DFO
Duquesne Family Office
New York
|
+$28.4M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$20.2M |
| 3 |
Two Sigma Investments
New York
|
+$14.5M |
| 4 |
BHCM
Brevan Howard Capital Management
St. Helier,
Jersey
|
+$7.5M |
| 5 |
LPL Financial
San Diego,
California
|
+$7.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Schroder Investment Management Group
London,
United Kingdom
|
-$37.5M |
| 2 |
Citigroup
New York
|
-$23.5M |
| 3 |
SGDR
SPX Gestao de Recursos
Rio De Janeiro,
Brazil
|
-$18M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$16.2M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$16.1M |
KBE Hedge Fund Activity: Q3 2025 in Review
247 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Bank ETF (KBE) for Q3 2025, worth a combined $1.02B — down 2.7% from $1.05B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new KBE positions and 25 closed out — a net gain of 6 holders — while 67 added to existing stakes and 76 trimmed.
The largest buyer was Duquesne Family Office, opening a new position worth an estimated $28.4M. The largest seller was Schroder Investment Management Group, exiting entirely with an estimated $37.5M sold.
- 247 institutional investors held State Street SPDR S&P Bank ETF (KBE) as of Q3 2025, up from 246 in Q2 2025.
- Funds reported $1.02B of State Street SPDR S&P Bank ETF stock for Q3 2025, down 2.7% quarter-over-quarter.
- 31 funds opened new State Street SPDR S&P Bank ETF positions in Q3 2025 and 25 closed out, a net change of +6 holders.
- The largest State Street SPDR S&P Bank ETF buyer in Q3 2025 was Duquesne Family Office, an estimated $28.4M added.
- The largest State Street SPDR S&P Bank ETF seller in Q3 2025 was Schroder Investment Management Group, an estimated $37.5M sold.
Based on aggregated 13F filings for Q3 2025.