State Street SPDR S&P Capital Markets ETF
KCE
117 hedge funds and large institutions have $374M invested in State Street SPDR S&P Capital Markets ETF in 2025 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 33 increasing their positions, 45 reducing their positions, and 20 closing their positions.
8% more capital invested
Capital invested by funds: $347M → $374M (+$26.9M)
3.89% more ownership
Funds ownership: 71.37% → 75.26% (+3.9%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
6% less funds holding
Funds holding: 124 → 117 (-7)
27% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 45
35% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$12.9M |
| 2 |
GC
Grimes & Company
Westborough,
Massachusetts
|
+$7M |
| 3 |
FF
Fluent Financial
Dallas,
Texas
|
+$2.64M |
| 4 |
GS
GTS Securities
New York
|
+$1.87M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$987K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$14.5M |
| 2 |
Morgan Stanley
New York
|
-$8.89M |
| 3 |
IMC Chicago
Chicago,
Illinois
|
-$3.85M |
| 4 |
GLA
Good Life Advisors
Reading,
Pennsylvania
|
-$3.78M |
| 5 |
MFG
Merit Financial Group
Alpharetta,
Georgia
|
-$3.76M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CF
126
Claris Financial
Glen Allen,
Virginia
| – | -$329K | -2,390 | Closed |
|
|
IA
127
IFG Advisory
Atlanta,
Georgia
| – | -$276K | -2,186 | Closed |
|
|
MMA
128
Miracle Mile Advisors
Los Angeles,
California
| – | -$264K | -2,096 | Closed |
|
129
Walleye Capital
New York
| – | -$231K | -1,827 | Closed |
|
|
AP
130
Advisors Preferred
Rockville,
Maryland
| – | -$53.1K | -417 | Closed |
|
|
GTAM
131
Global Trust Asset Management
West Palm Beach,
Florida
| – | -$50.5K | -400 | Closed |
|
132
Simplex Trading
Chicago,
Illinois
| – | -$14K | -111 | Closed |
|
|
PBK
133
Peoples Bank (Kansas)
Pratt,
Kansas
| – | -$12K | -95 | Closed |
|
|
MHR
134
Matthew Hamilton Rosenberg
| – | -$9.46K | -75 | Closed |
|
|
NS
135
NBC Securities
Birmingham,
Alabama
| – | -$8K | -70 | Closed |
|
|
CCM
136
Coldstream Capital Management
Bellevue,
Washington
| – | -$6.43K | -51 | Closed |
|
|
SWM
137
Spire Wealth Management
Mclean,
Virginia
| – | -$5.1K | -40 | Closed |
|
KCE Hedge Fund Activity: Q2 2025 in Review
117 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Capital Markets ETF (KCE) for Q2 2025, worth a combined $374M — up 7.8% from $347M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of KCE and 13 opened new positions — a net loss of 7 holders — while 45 trimmed existing stakes and 33 added.
The largest buyer was Thrivent Financial for Lutherans, opening a new position worth an estimated $12.9M. The largest seller was Bank of America, cutting an estimated $14.5M.
- 117 institutional investors held State Street SPDR S&P Capital Markets ETF (KCE) as of Q2 2025, down from 124 in Q1 2025.
- Funds reported $374M of State Street SPDR S&P Capital Markets ETF stock for Q2 2025, up 7.8% quarter-over-quarter.
- 13 funds opened new State Street SPDR S&P Capital Markets ETF positions in Q2 2025 and 20 closed out, a net change of -7 holders.
- The largest State Street SPDR S&P Capital Markets ETF buyer in Q2 2025 was Thrivent Financial for Lutherans, an estimated $12.9M added.
- The largest State Street SPDR S&P Capital Markets ETF seller in Q2 2025 was Bank of America, an estimated $14.5M sold.
Based on aggregated 13F filings for Q2 2025.