State Street SPDR Portfolio High Yield Bond ETF
SPHY
452 hedge funds and large institutions have $6.07B invested in State Street SPDR Portfolio High Yield Bond ETF in 2025 Q2 according to their latest regulatory filings, with 64 funds opening new positions, 222 increasing their positions, 128 reducing their positions, and 62 closing their positions.
73% more repeat investments, than reductions
Existing positions increased: 222 | Existing positions reduced: 128
1.42% more ownership
Funds ownership: 68.09% → 69.52% (+1.4%)
3% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 62
2% more capital invested
Capital invested by funds: $5.93B → $6.07B (+$134M)
0% more funds holding in top 10
Funds holding in top 10: 32 → 32 (0)
0% less funds holding
Funds holding: 454 → 452 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Grimes & Company
Westborough,
Massachusetts
|
+$163M |
| 2 |
Neuberger Berman Group
New York
|
+$103M |
| 3 |
Principal Financial Group
Des Moines,
Iowa
|
+$49.9M |
| 4 |
TC
Toews Corporation
Northfield,
New Jersey
|
+$23M |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
+$21.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$64.9M |
| 2 |
IMPI
Ilmarinen Mutual Pension Insurance
Helsinki,
Finland
|
-$59.3M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$40.3M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$37.8M |
| 5 |
Comerica Bank
Dallas,
Texas
|
-$35.8M |
SPHY Hedge Fund Activity: Q2 2025 in Review
452 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Portfolio High Yield Bond ETF (SPHY) for Q2 2025, worth a combined $6.07B — up 2.3% from $5.93B a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new SPHY positions and 62 closed out — a net gain of 2 holders — while 222 added to existing stakes and 128 trimmed.
The largest buyer was Grimes & Company, opening a new position worth an estimated $163M. The largest seller was Envestnet Asset Management, cutting an estimated $64.9M.
- 452 institutional investors held State Street SPDR Portfolio High Yield Bond ETF (SPHY) as of Q2 2025, down from 454 in Q1 2025.
- Funds reported $6.07B of State Street SPDR Portfolio High Yield Bond ETF stock for Q2 2025, up 2.3% quarter-over-quarter.
- 64 funds opened new State Street SPDR Portfolio High Yield Bond ETF positions in Q2 2025 and 62 closed out, a net change of +2 holders.
- The largest State Street SPDR Portfolio High Yield Bond ETF buyer in Q2 2025 was Grimes & Company, an estimated $163M added.
- The largest State Street SPDR Portfolio High Yield Bond ETF seller in Q2 2025 was Envestnet Asset Management, an estimated $64.9M sold.
Based on aggregated 13F filings for Q2 2025.