State Street SPDR S&P Insurance ETF
KIE
174 hedge funds and large institutions have $704M invested in State Street SPDR S&P Insurance ETF in 2025 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 50 increasing their positions, 55 reducing their positions, and 37 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
9% less repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 55
6.33% less ownership
Funds ownership: 87.6% → 81.27% (-6.3%)
7% less funds holding
Funds holding: 187 → 174 (-13)
16% less capital invested
Capital invested by funds: $843M → $704M (-$139M)
35% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 37
53% less call options, than puts
Call options by funds: $3.04M | Put options by funds: $6.47M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$44.1M |
| 2 |
Millennium Management
New York
|
+$15.2M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$15M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$10.5M |
| 5 |
Morgan Stanley
New York
|
+$7.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$136M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$40.8M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
-$19.9M |
| 4 |
HCM
Hollencrest Capital Management
Newport Beach,
California
|
-$6.42M |
| 5 |
DS
DRW Securities
Chicago,
Illinois
|
-$5.81M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MSWM
201
Mowery & Schoenfeld Wealth Management
Lincolnshire,
Illinois
| – | -$15.4K | -255 | Closed |
|
202
BlackRock
New York
| – | -$14.4K | -238 | Closed |
|
|
BA
203
Bristlecone Advisors
Bellevue,
Washington
| – | -$9.2K | -152 | Closed |
|
|
MG
204
Mather Group
Chicago,
Illinois
| – | -$6.48K | -107 | Closed |
|
|
PMFA
205
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$3.39K | -56 | Closed |
|
|
NP
206
NorthRock Partners
Minneapolis,
Minnesota
| – | -$2.66K | -44 | Closed |
|
|
TC
207
Truvestments Capital
Sarasota,
Florida
| – | -$2.48K | -41 | Closed |
|
208
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
| – | -$1.84K | -30 | Closed |
|
|
HI
209
Harbour Investments
Madison,
Wisconsin
| – | -$1.75K | -29 | Closed |
|
|
CWM
210
Cranbrook Wealth Management
Bloomfield Hills,
Michigan
| – | -$1.45K | -24 | Closed |
|
|
AP
211
Aspect Partners
Fairfax,
Virginia
| – | -$424 | -7 | Closed |
|
KIE Hedge Fund Activity: Q2 2025 in Review
174 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Insurance ETF (KIE) for Q2 2025, worth a combined $704M — down 16% from $843M a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of KIE and 24 opened new positions — a net loss of 13 holders — while 55 trimmed existing stakes and 50 added.
The largest buyer was Two Sigma Investments, opening a new position worth an estimated $44.1M. The largest seller was JP Morgan Chase, cutting an estimated $136M.
- 174 institutional investors held State Street SPDR S&P Insurance ETF (KIE) as of Q2 2025, down from 187 in Q1 2025.
- Funds reported $704M of State Street SPDR S&P Insurance ETF stock for Q2 2025, down 16% quarter-over-quarter.
- 24 funds opened new State Street SPDR S&P Insurance ETF positions in Q2 2025 and 37 closed out, a net change of -13 holders.
- The largest State Street SPDR S&P Insurance ETF buyer in Q2 2025 was Two Sigma Investments, an estimated $44.1M added.
- The largest State Street SPDR S&P Insurance ETF seller in Q2 2025 was JP Morgan Chase, an estimated $136M sold.
Based on aggregated 13F filings for Q2 2025.