State Street SPDR S&P Regional Banking ETF
512 hedge funds and large institutions have $5.76B invested in State Street SPDR S&P Regional Banking ETF in 2025 Q4 according to their latest regulatory filings, with 96 funds opening new positions, 157 increasing their positions, 156 reducing their positions, and 76 closing their positions.
64.04% more ownership
Funds ownership: 110.17% → 174.21% (+64%)
26% more first-time investments, than exits
New positions opened: 96 | Existing positions closed: 76
2% more funds holding
Funds holding: 504 → 512 (+8)
1% more repeat investments, than reductions
Existing positions increased: 157 | Existing positions reduced: 156
0% more funds holding in top 10
Funds holding in top 10: 11 → 11 (0)
4% less capital invested
Capital invested by funds: $5.99B → $5.76B (-$226M)
50% less call options, than puts
Call options by funds: $1.97B | Put options by funds: $3.93B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$165M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$123M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$96.6M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$84.6M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$55.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$388M |
| 2 |
Two Sigma Investments
New York
|
-$245M |
| 3 |
Goldman Sachs
New York
|
-$195M |
| 4 |
Barclays
London,
United Kingdom
|
-$166M |
| 5 |
JP Morgan Chase
New York
|
-$88.1M |
KRE Hedge Fund Activity: Q4 2025 in Review
512 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Regional Banking ETF (KRE) for Q4 2025, worth a combined $5.76B — down 3.8% from $5.99B a quarter earlier.
Buyers outnumbered sellers: 96 funds opened new KRE positions and 76 closed out — a net gain of 20 holders — while 157 added to existing stakes and 156 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $165M. The largest seller was Citigroup, cutting an estimated $388M.
- 512 institutional investors held State Street SPDR S&P Regional Banking ETF (KRE) as of Q4 2025, up from 504 in Q3 2025.
- Funds reported $5.76B of State Street SPDR S&P Regional Banking ETF stock for Q4 2025, down 3.8% quarter-over-quarter.
- 96 funds opened new State Street SPDR S&P Regional Banking ETF positions in Q4 2025 and 76 closed out, a net change of +20 holders.
- The largest State Street SPDR S&P Regional Banking ETF buyer in Q4 2025 was Morgan Stanley, an estimated $165M added.
- The largest State Street SPDR S&P Regional Banking ETF seller in Q4 2025 was Citigroup, an estimated $388M sold.
Based on aggregated 13F filings for Q4 2025.