State Street SPDR S&P Insurance ETF
KIE
150 hedge funds and large institutions have $530M invested in State Street SPDR S&P Insurance ETF in 2025 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 38 increasing their positions, 43 reducing their positions, and 22 closing their positions.
59% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 22
8.54% more ownership
Funds ownership: 81.77% → 90.31% (+8.5%)
8% more funds holding
Funds holding: 139 → 150 (+11)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
12% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 43
16% less capital invested
Capital invested by funds: $628M → $530M (-$98.6M)
90% less call options, than puts
Call options by funds: $10.2M | Put options by funds: $107M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$14.8M |
| 2 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$13.6M |
| 3 |
D.E. Shaw & Co
New York
|
+$11.6M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$10.9M |
| 5 |
JG
Jain Global
New York
|
+$8.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$82.8M |
| 2 |
Morgan Stanley
New York
|
-$46.7M |
| 3 |
Citigroup
New York
|
-$15M |
| 4 |
Two Sigma Investments
New York
|
-$13.8M |
| 5 |
CAG
Csenge Advisory Group
Clearwater,
Florida
|
-$9.32M |
KIE Hedge Fund Activity: Q4 2025 in Review
150 of the 8,270 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Insurance ETF (KIE) for Q4 2025, worth a combined $530M — down 16% from $628M a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new KIE positions and 22 closed out — a net gain of 13 holders — while 38 added to existing stakes and 43 trimmed.
The largest buyer was Millennium Management, opening a new position worth an estimated $14.8M. The largest seller was JP Morgan Chase, cutting an estimated $82.8M.
- 150 institutional investors held State Street SPDR S&P Insurance ETF (KIE) as of Q4 2025, up from 139 in Q3 2025.
- Funds reported $530M of State Street SPDR S&P Insurance ETF stock for Q4 2025, down 16% quarter-over-quarter.
- 35 funds opened new State Street SPDR S&P Insurance ETF positions in Q4 2025 and 22 closed out, a net change of +13 holders.
- The largest State Street SPDR S&P Insurance ETF buyer in Q4 2025 was Millennium Management, an estimated $14.8M added.
- The largest State Street SPDR S&P Insurance ETF seller in Q4 2025 was JP Morgan Chase, an estimated $82.8M sold.
Based on aggregated 13F filings for Q4 2025.