State Street SPDR Portfolio High Yield Bond ETF
SPHY
455 hedge funds and large institutions have $5.93B invested in State Street SPDR Portfolio High Yield Bond ETF in 2025 Q1 according to their latest regulatory filings, with 66 funds opening new positions, 237 increasing their positions, 114 reducing their positions, and 37 closing their positions.
108% more repeat investments, than reductions
Existing positions increased: 237 | Existing positions reduced: 114
78% more first-time investments, than exits
New positions opened: 66 | Existing positions closed: 37
51% more call options, than puts
Call options by funds: $262K | Put options by funds: $174K
36% more capital invested
Capital invested by funds: $4.36B → $5.93B (+$1.57B)
7% more funds holding in top 10
Funds holding in top 10: 30 → 32 (+2)
4% more funds holding
Funds holding: 437 → 455 (+18)
3.1% more ownership
Funds ownership: 64.93% → 68.02% (+3.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$946M |
| 2 |
VIA
Vantagepoint Investment Advisers
Washington,
District of Columbia
|
+$173M |
| 3 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
+$110M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$85.6M |
| 5 |
OPAM
Ocean Park Asset Management
Santa Monica,
California
|
+$72.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AHSSHC
Adventist Health System Sunbelt Healthcare Corp
Altamonte Springs,
Florida
|
-$134M |
| 2 |
DAS
Diversify Advisory Services
Sandy,
Utah
|
-$52M |
| 3 |
Goldman Sachs
New York
|
-$47.6M |
| 4 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$40.2M |
| 5 |
BWP
BlueStem Wealth Partners
Minnetonka,
Minnesota
|
-$12.3M |
SPHY Hedge Fund Activity: Q1 2025 in Review
455 of the 7,471 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Portfolio High Yield Bond ETF (SPHY) for Q1 2025, worth a combined $5.93B — up 36% from $4.36B a quarter earlier.
Buyers outnumbered sellers: 66 funds opened new SPHY positions and 37 closed out — a net gain of 29 holders — while 237 added to existing stakes and 114 trimmed.
The largest buyer was Bank of America, adding an estimated $946M. The largest seller was Adventist Health System Sunbelt Healthcare Corp, cutting an estimated $134M.
- 455 institutional investors held State Street SPDR Portfolio High Yield Bond ETF (SPHY) as of Q1 2025, up from 437 in Q4 2024.
- Funds reported $5.93B of State Street SPDR Portfolio High Yield Bond ETF stock for Q1 2025, up 36% quarter-over-quarter.
- 66 funds opened new State Street SPDR Portfolio High Yield Bond ETF positions in Q1 2025 and 37 closed out, a net change of +29 holders.
- The largest State Street SPDR Portfolio High Yield Bond ETF buyer in Q1 2025 was Bank of America, an estimated $946M added.
- The largest State Street SPDR Portfolio High Yield Bond ETF seller in Q1 2025 was Adventist Health System Sunbelt Healthcare Corp, an estimated $134M sold.
Based on aggregated 13F filings for Q1 2025.