State Street SPDR S&P Insurance ETF
KIE
187 hedge funds and large institutions have $843M invested in State Street SPDR S&P Insurance ETF in 2025 Q1 according to their latest regulatory filings, with 45 funds opening new positions, 59 increasing their positions, 42 reducing their positions, and 29 closing their positions.
55% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 29
40% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 42
8% more funds holding
Funds holding: 173 → 187 (+14)
1% more capital invested
Capital invested by funds: $834M → $843M (+$8.66M)
0.51% more ownership
Funds ownership: 87.09% → 87.6% (+0.51%)
17% less call options, than puts
Call options by funds: $2.05M | Put options by funds: $2.48M
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$18.1M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
+$17.5M |
| 3 |
Citigroup
New York
|
+$6.57M |
| 4 |
DS
DRW Securities
Chicago,
Illinois
|
+$5.58M |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
+$3.88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$17.6M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$17.1M |
| 3 |
Goldman Sachs
New York
|
-$15.8M |
| 4 |
Morgan Stanley
New York
|
-$12.1M |
| 5 |
BHWA
Beacon Harbor Wealth Advisors
Virginia Beach,
Virginia
|
-$11.6M |
KIE Hedge Fund Activity: Q1 2025 in Review
187 of the 7,471 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Insurance ETF (KIE) for Q1 2025, worth a combined $843M — up 1% from $834M a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new KIE positions and 29 closed out — a net gain of 16 holders — while 59 added to existing stakes and 42 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $18.1M. The largest seller was Bank of Montreal, cutting an estimated $17.6M.
- 187 institutional investors held State Street SPDR S&P Insurance ETF (KIE) as of Q1 2025, up from 173 in Q4 2024.
- Funds reported $843M of State Street SPDR S&P Insurance ETF stock for Q1 2025, up 1% quarter-over-quarter.
- 45 funds opened new State Street SPDR S&P Insurance ETF positions in Q1 2025 and 29 closed out, a net change of +16 holders.
- The largest State Street SPDR S&P Insurance ETF buyer in Q1 2025 was JP Morgan Chase, an estimated $18.1M added.
- The largest State Street SPDR S&P Insurance ETF seller in Q1 2025 was Bank of Montreal, an estimated $17.6M sold.
Based on aggregated 13F filings for Q1 2025.