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State Street SPDR S&P Dividend ETF
SDY

1,173 hedge funds and large institutions have $8.79B invested in State Street SPDR S&P Dividend ETF in 2025 Q1 according to their latest regulatory filings, with 74 funds opening new positions, 320 increasing their positions, 476 reducing their positions, and 69 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more call options, than puts

Call options by funds: $6.51M | Put options by funds: $5.27M

7% more first-time investments, than exits

New positions opened: 74 | Existing positions closed: 69

0% more funds holding in top 10

Funds holding in top 10: 39 → 39 (0)

0.51% less ownership

Funds ownership: 44.05% → 43.54% (-0.51%)

2% less funds holding

Funds holding: 1,192 → 1,173 (-19)

8% less capital invested

Capital invested by funds: $9.51B → $8.79B (-$716M)

33% less repeat investments, than reductions

Existing positions increased: 320 | Existing positions reduced: 476

Holders
1,173
Holders Change
-19
Holders Change %
-1.59%
% of All Funds
15.73%
Holding in Top 10
39
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.52%
New
74
Increased
320
Reduced
476
Closed
69
Calls
$6.51M
Puts
$5.27M
Net Calls
+$1.25M
Net Calls Change
+$547K

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$10.5M
2
Jones Financial Companies
Jones Financial Companies
Missouri
+$10M
3
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$6.98M
4
IC
IEQ Capital
California
+$6.29M
5
JIC
Joel Isaacson & Co
New York
+$5.6M

Top Sellers

Rank Fund Capital Flow
1
AssetMark Inc
AssetMark Inc
California
-$58.6M
2
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$50.6M
3
JP Morgan Chase
JP Morgan Chase
New York
-$31.6M
4
Bank of America
Bank of America
North Carolina
-$24.2M
5
IAA
Independent Advisor Alliance
North Carolina
-$23.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
GCM
1001
GKV Capital Management
California
$136K – – –
MFC
1002
Mechanics Financial Corp
Ohio
$136K – – –
TWM
1003
Topsail Wealth Management
North Carolina
$136K – – –
OA
1004
Operose Advisors
Wisconsin
$135K – – –
NL
1005
NVWM LLC
Pennsylvania
$133K – – –
CWM
1006
Centricity Wealth Management
Ohio
$133K – – –
AWM
1007
Activest Wealth Management
Florida
$132K -$13.4K -100 -9%
SSB
1008
Sandy Spring Bank
Maryland
$132K -$32.3K -240 -20%
BCMLT
1009
Beacon Capital Management LLC (Tennessee)
Tennessee
$128K -$135K -1,005 -52%
LC
1010
Lindbrook Capital
California
$127K -$1.34K -10 -1%
HHGA
1011
Halbert Hargrove Global Advisors
California
$122K – – –
SC
1012
Stephens Consulting
Michigan
$121K +$13.6K +101 +13%
NC
1013
North Capital
Utah
$117K +$116K +861 New
HWM
1014
Horizons Wealth Management
North Carolina
$115K – – –
TCM
1015
TD Capital Management
Tennessee
$115K +$672 +5 +0.6%
FMTCOCP
1016
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$114K -$49.1K -365 -30%
PA
1017
PSI Advisors
Florida
$114K – – –
HR
1018
Howe & Rusling
New York
$113K +$538 +4 +0.5%
CWM
1019
Compass Wealth Management
Connecticut
$112K +$39.8K +296 +56%
TIM
1020
Tortoise Investment Management
New York
$111K – – –
IWP
1021
IAG Wealth Partners
Wisconsin
$111K – – –
AAP
1022
Arax Advisory Partners
Colorado
$109K +$108K +805 New
BA
1023
Bristlecone Advisors
Washington
$104K – – –
CNBTD
1024
Citizens National Bank Trust Department
Mississippi
$104K – – –
BTD
1025
BankPlus Trust Department
Mississippi
$104K – – –
39 40
41
42 43

SDY Hedge Fund Activity: Q1 2025 in Review

1,173 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P Dividend ETF (SDY) for Q1 2025, worth a combined $8.79B — down 7.5% from $9.51B a quarter earlier.

Buyers outnumbered sellers: 74 funds opened new SDY positions and 69 closed out — a net gain of 5 holders — while 320 added to existing stakes and 476 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $10.5M. The largest seller was AssetMark Inc, cutting an estimated $58.6M.

  • 1,173 institutional investors held State Street SPDR S&P Dividend ETF (SDY) as of Q1 2025, down from 1,192 in Q4 2024.
  • Funds reported $8.79B of State Street SPDR S&P Dividend ETF stock for Q1 2025, down 7.5% quarter-over-quarter.
  • 74 funds opened new State Street SPDR S&P Dividend ETF positions in Q1 2025 and 69 closed out, a net change of +5 holders.
  • The largest State Street SPDR S&P Dividend ETF buyer in Q1 2025 was Morgan Stanley, an estimated $10.5M added.
  • The largest State Street SPDR S&P Dividend ETF seller in Q1 2025 was AssetMark Inc, an estimated $58.6M sold.

Based on aggregated 13F filings for Q1 2025.