State Street SPDR S&P Bank ETF
249 hedge funds and large institutions have $961M invested in State Street SPDR S&P Bank ETF in 2026 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 80 increasing their positions, 71 reducing their positions, and 34 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
13% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 71
7.16% more ownership
Funds ownership: 68.22% → 75.38% (+7.2%)
5% more capital invested
Capital invested by funds: $918M → $961M (+$43.4M)
6% less funds holding
Funds holding: 264 → 249 (-15)
29% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 34
95% less call options, than puts
Call options by funds: $51.1M | Put options by funds: $1.07B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$59.7M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$23.9M |
| 3 |
Jane Street
New York
|
+$20.2M |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$19.8M |
| 5 |
Citigroup
New York
|
+$15.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$17.2M |
| 2 |
Goldman Sachs
New York
|
-$16.1M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$11.8M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
-$9.35M |
| 5 |
ACM
Agave Capital Management
London,
|
-$7.11M |
KBE Hedge Fund Activity: Q1 2026 in Review
249 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Bank ETF (KBE) for Q1 2026, worth a combined $961M — up 4.7% from $918M a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of KBE and 24 opened new positions — a net loss of 10 holders — while 71 trimmed existing stakes and 80 added.
The largest buyer was Two Sigma Investments, adding an estimated $59.7M. The largest seller was Bank of America, cutting an estimated $17.2M.
- 249 institutional investors held State Street SPDR S&P Bank ETF (KBE) as of Q1 2026, down from 264 in Q4 2025.
- Funds reported $961M of State Street SPDR S&P Bank ETF stock for Q1 2026, up 4.7% quarter-over-quarter.
- 24 funds opened new State Street SPDR S&P Bank ETF positions in Q1 2026 and 34 closed out, a net change of -10 holders.
- The largest State Street SPDR S&P Bank ETF buyer in Q1 2026 was Two Sigma Investments, an estimated $59.7M added.
- The largest State Street SPDR S&P Bank ETF seller in Q1 2026 was Bank of America, an estimated $17.2M sold.
Based on aggregated 13F filings for Q1 2026.