State Street SPDR Portfolio High Yield Bond ETF
SPHY
206 hedge funds and large institutions have $1.44B invested in State Street SPDR Portfolio High Yield Bond ETF in 2023 Q3 according to their latest regulatory filings, with 46 funds opening new positions, 98 increasing their positions, 40 reducing their positions, and 17 closing their positions.
171% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 17
156% more capital invested
Capital invested by funds: $562M → $1.44B (+$875M)
150% more funds holding in top 10
Funds holding in top 10: 4 → 10 (+6)
145% more repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 40
20.77% more ownership
Funds ownership: 50.93% → 71.71% (+21%)
16% more funds holding
Funds holding: 177 → 206 (+29)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AHSSHC
Adventist Health System Sunbelt Healthcare Corp
Altamonte Springs,
Florida
|
+$251M |
| 2 |
Jane Street
New York
|
+$159M |
| 3 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$111M |
| 4 |
NL
NEPC LLC
Boston,
Massachusetts
|
+$88.9M |
| 5 |
CAL
Capital Analysts LLC
Fort Washington,
Pennsylvania
|
+$38.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
-$15M |
| 2 |
CAI
Capital Advisors Inc
Tulsa,
Oklahoma
|
-$12.3M |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$4.87M |
| 4 |
SMM
Stadion Money Management
Watkinsville,
Georgia
|
-$3.98M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$3.44M |
SPHY Hedge Fund Activity: Q3 2023 in Review
206 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Portfolio High Yield Bond ETF (SPHY) for Q3 2023, worth a combined $1.44B — up 156% from $562M a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new SPHY positions and 17 closed out — a net gain of 29 holders — while 98 added to existing stakes and 40 trimmed.
The largest buyer was Adventist Health System Sunbelt Healthcare Corp, opening a new position worth an estimated $251M. The largest seller was Municipal Employees' Retirement System of Michigan, cutting an estimated $15M.
- 206 institutional investors held State Street SPDR Portfolio High Yield Bond ETF (SPHY) as of Q3 2023, up from 177 in Q2 2023.
- Funds reported $1.44B of State Street SPDR Portfolio High Yield Bond ETF stock for Q3 2023, up 156% quarter-over-quarter.
- 46 funds opened new State Street SPDR Portfolio High Yield Bond ETF positions in Q3 2023 and 17 closed out, a net change of +29 holders.
- The largest State Street SPDR Portfolio High Yield Bond ETF buyer in Q3 2023 was Adventist Health System Sunbelt Healthcare Corp, an estimated $251M added.
- The largest State Street SPDR Portfolio High Yield Bond ETF seller in Q3 2023 was Municipal Employees' Retirement System of Michigan, an estimated $15M sold.
Based on aggregated 13F filings for Q3 2023.