State Street SPDR Portfolio High Yield Bond ETF
SPHY
478 hedge funds and large institutions have $6.62B invested in State Street SPDR Portfolio High Yield Bond ETF in 2025 Q3 according to their latest regulatory filings, with 69 funds opening new positions, 263 increasing their positions, 107 reducing their positions, and 33 closing their positions.
261% more call options, than puts
Call options by funds: $768K | Put options by funds: $213K
146% more repeat investments, than reductions
Existing positions increased: 263 | Existing positions reduced: 107
109% more first-time investments, than exits
New positions opened: 69 | Existing positions closed: 33
9% more capital invested
Capital invested by funds: $6.07B → $6.62B (+$554M)
6% more funds holding
Funds holding: 452 → 478 (+26)
1.78% more ownership
Funds ownership: 69.52% → 71.3% (+1.8%)
0% more funds holding in top 10
Funds holding in top 10: 32 → 32 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$103M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$101M |
| 3 |
ACM
Advisors Capital Management
Ridgewood,
New Jersey
|
+$71.9M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$53M |
| 5 |
IMPI
Ilmarinen Mutual Pension Insurance
Helsinki,
Finland
|
+$33.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OPAM
Ocean Park Asset Management
Santa Monica,
California
|
-$160M |
| 2 |
AHSSHC
Adventist Health System Sunbelt Healthcare Corp
Altamonte Springs,
Florida
|
-$81.7M |
| 3 |
Principal Financial Group
Des Moines,
Iowa
|
-$25.1M |
| 4 |
FFA
Farther Finance Advisors
San Francisco,
California
|
-$21.8M |
| 5 |
DF
Donoghue Forlines
Boston,
Massachusetts
|
-$19.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WA
501
Whipplewood Advisors
Littleton,
Colorado
| – | -$39.6K | -1,663 | Closed |
|
|
TC
502
Truvestments Capital
Sarasota,
Florida
| – | -$38.2K | -1,605 | Closed |
|
|
NCM
503
Northwest Capital Management
Lake Oswego,
Oregon
| – | -$28.2K | -1,185 | Closed |
|
|
WSFS
504
Wilmington Savings Fund Society
Wilmington,
Delaware
| – | -$17.9K | -753 | Closed |
|
|
QWM
505
Quaker Wealth Management
Moorestown,
New Jersey
| – | -$12.6K | -530 | Closed |
|
506
Russell Investments Group
London,
United Kingdom
| – | -$6.76K | -284 | Closed |
|
|
MAWAG
507
Mid-American Wealth Advisory Group
Kansas City,
Missouri
| – | -$5.45K | -229 | Closed |
|
|
SWIM
508
Smallwood Wealth Investment Management
Red Bank,
New Jersey
| – | -$2.4K | -101 | Closed |
|
|
DRP
509
Decker Retirement Planning
Levi,
Utah
| – | -$1.93K | -81 | Closed |
|
|
BCWM
510
Bartlett & Co Wealth Management
Cincinnati,
Ohio
| – | -$333 | -14 | Closed |
|
|
FCAS
511
First Command Advisory Services
Fort Worth,
Texas
| – | -$309 | -13 | Closed |
|
SPHY Hedge Fund Activity: Q3 2025 in Review
478 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Portfolio High Yield Bond ETF (SPHY) for Q3 2025, worth a combined $6.62B — up 9.1% from $6.07B a quarter earlier.
Buyers outnumbered sellers: 69 funds opened new SPHY positions and 33 closed out — a net gain of 36 holders — while 263 added to existing stakes and 107 trimmed.
The largest buyer was Neuberger Berman Group, adding an estimated $103M. The largest seller was Ocean Park Asset Management, cutting an estimated $160M.
- 478 institutional investors held State Street SPDR Portfolio High Yield Bond ETF (SPHY) as of Q3 2025, up from 452 in Q2 2025.
- Funds reported $6.62B of State Street SPDR Portfolio High Yield Bond ETF stock for Q3 2025, up 9.1% quarter-over-quarter.
- 69 funds opened new State Street SPDR Portfolio High Yield Bond ETF positions in Q3 2025 and 33 closed out, a net change of +36 holders.
- The largest State Street SPDR Portfolio High Yield Bond ETF buyer in Q3 2025 was Neuberger Berman Group, an estimated $103M added.
- The largest State Street SPDR Portfolio High Yield Bond ETF seller in Q3 2025 was Ocean Park Asset Management, an estimated $160M sold.
Based on aggregated 13F filings for Q3 2025.