State Street SPDR S&P Bank ETF
265 hedge funds and large institutions have $1.95B invested in State Street SPDR S&P Bank ETF in 2026 Q2 according to their latest regulatory filings, with 46 funds opening new positions, 76 increasing their positions, 71 reducing their positions, and 25 closing their positions.
103% more capital invested
Capital invested by funds: $961M → $1.95B (+$991M)
84% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 25
48.72% more ownership
Funds ownership: 75.38% → 124.1% (+49%)
6% more funds holding
Funds holding: 249 → 265 (+16)
7% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 71
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
91% less call options, than puts
Call options by funds: $70.6M | Put options by funds: $796M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$350M |
| 2 |
Goldman Sachs
New York
|
+$245M |
| 3 |
Citigroup
New York
|
+$99.1M |
| 4 |
Barclays
London,
United Kingdom
|
+$87.5M |
| 5 |
JP Morgan Chase
New York
|
+$48.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
-$31.6M |
| 2 |
Jane Street
New York
|
-$17.1M |
| 3 |
Millennium Management
New York
|
-$13.7M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$13.6M |
| 5 |
MAM
Madison Asset Management
Madison,
Wisconsin
|
-$11.4M |
KBE Hedge Fund Activity: Q2 2026 in Review
265 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Bank ETF (KBE) for Q2 2026, worth a combined $1.95B — up 103% from $961M a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new KBE positions and 25 closed out — a net gain of 21 holders — while 76 added to existing stakes and 71 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $350M. The largest seller was Two Sigma Investments, cutting an estimated $31.6M.
- 265 institutional investors held State Street SPDR S&P Bank ETF (KBE) as of Q2 2026, up from 249 in Q1 2026.
- Funds reported $1.95B of State Street SPDR S&P Bank ETF stock for Q2 2026, up 103% quarter-over-quarter.
- 46 funds opened new State Street SPDR S&P Bank ETF positions in Q2 2026 and 25 closed out, a net change of +21 holders.
- The largest State Street SPDR S&P Bank ETF buyer in Q2 2026 was Morgan Stanley, an estimated $350M added.
- The largest State Street SPDR S&P Bank ETF seller in Q2 2026 was Two Sigma Investments, an estimated $31.6M sold.
Based on aggregated 13F filings for Q2 2026.