State Street SPDR Portfolio High Yield Bond ETF
SPHY
167 hedge funds and large institutions have $650M invested in State Street SPDR Portfolio High Yield Bond ETF in 2023 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 78 increasing their positions, 36 reducing their positions, and 23 closing their positions.
117% more repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 36
77% more capital invested
Capital invested by funds: $368M → $650M (+$282M)
48% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 23
8.3% more ownership
Funds ownership: 46.22% → 54.52% (+8.3%)
6% more funds holding
Funds holding: 157 → 167 (+10)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
+$153M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$57.7M |
| 3 |
Jane Street
New York
|
+$22.2M |
| 4 |
HP
Hilltop Partners
Mishawaka,
Indiana
|
+$11.5M |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$11.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SL
Systelligence LLC
Bloomington,
Minnesota
|
-$10.6M |
| 2 |
LFPWM
Leicht Financial Planning & Wealth Management
Parsippany,
New Jersey
|
-$6.46M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
-$5.84M |
| 4 |
EFS
Econ Financial Services
Harrisburg,
Pennsylvania
|
-$5.56M |
| 5 |
Bank of New York Mellon
New York
|
-$5.03M |
SPHY Hedge Fund Activity: Q1 2023 in Review
167 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Portfolio High Yield Bond ETF (SPHY) for Q1 2023, worth a combined $650M — up 77% from $368M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new SPHY positions and 23 closed out — a net gain of 11 holders — while 78 added to existing stakes and 36 trimmed.
The largest buyer was Municipal Employees' Retirement System of Michigan, opening a new position worth an estimated $153M. The largest seller was Systelligence LLC, exiting entirely with an estimated $10.6M sold.
- 167 institutional investors held State Street SPDR Portfolio High Yield Bond ETF (SPHY) as of Q1 2023, up from 157 in Q4 2022.
- Funds reported $650M of State Street SPDR Portfolio High Yield Bond ETF stock for Q1 2023, up 77% quarter-over-quarter.
- 34 funds opened new State Street SPDR Portfolio High Yield Bond ETF positions in Q1 2023 and 23 closed out, a net change of +11 holders.
- The largest State Street SPDR Portfolio High Yield Bond ETF buyer in Q1 2023 was Municipal Employees' Retirement System of Michigan, an estimated $153M added.
- The largest State Street SPDR Portfolio High Yield Bond ETF seller in Q1 2023 was Systelligence LLC, an estimated $10.6M sold.
Based on aggregated 13F filings for Q1 2023.