State Street SPDR Portfolio High Yield Bond ETF
SPHY
530 hedge funds and large institutions have $6.53B invested in State Street SPDR Portfolio High Yield Bond ETF in 2026 Q1 according to their latest regulatory filings, with 67 funds opening new positions, 269 increasing their positions, 145 reducing their positions, and 61 closing their positions.
86% more repeat investments, than reductions
Existing positions increased: 269 | Existing positions reduced: 145
10% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 61
0% more funds holding in top 10
Funds holding in top 10: 35 → 35 (0)
4% less capital invested
Capital invested by funds: $6.82B → $6.53B (-$290M)
1% less funds holding
Funds holding: 536 → 530 (-6)
2.4% less ownership
Funds ownership: 65.62% → 63.22% (-2.4%)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $294K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EMPI
Elo Mutual Pension Insurance
Espoo,
Finland
|
+$116M |
| 2 |
Creative Planning
Overland Park,
Kansas
|
+$110M |
| 3 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
+$51.7M |
| 4 |
4WM
49 Wealth Management
Austin,
Texas
|
+$44.5M |
| 5 |
MIM
MetLife Investment Management
Whippany,
New Jersey
|
+$39.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$435M |
| 2 |
GC
Grimes & Company
Westborough,
Massachusetts
|
-$170M |
| 3 |
IMPI
Ilmarinen Mutual Pension Insurance
Helsinki,
Finland
|
-$61.4M |
| 4 |
NIM
NEOS Investment Management
Westport,
Connecticut
|
-$60.9M |
| 5 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$47.2M |
SPHY Hedge Fund Activity: Q1 2026 in Review
530 of the 8,207 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Portfolio High Yield Bond ETF (SPHY) for Q1 2026, worth a combined $6.53B — down 4.2% from $6.82B a quarter earlier.
Buyers outnumbered sellers: 67 funds opened new SPHY positions and 61 closed out — a net gain of 6 holders — while 269 added to existing stakes and 145 trimmed.
The largest buyer was Elo Mutual Pension Insurance, adding an estimated $116M. The largest seller was Bank of America, cutting an estimated $435M.
- 530 institutional investors held State Street SPDR Portfolio High Yield Bond ETF (SPHY) as of Q1 2026, down from 536 in Q4 2025.
- Funds reported $6.53B of State Street SPDR Portfolio High Yield Bond ETF stock for Q1 2026, down 4.2% quarter-over-quarter.
- 67 funds opened new State Street SPDR Portfolio High Yield Bond ETF positions in Q1 2026 and 61 closed out, a net change of +6 holders.
- The largest State Street SPDR Portfolio High Yield Bond ETF buyer in Q1 2026 was Elo Mutual Pension Insurance, an estimated $116M added.
- The largest State Street SPDR Portfolio High Yield Bond ETF seller in Q1 2026 was Bank of America, an estimated $435M sold.
Based on aggregated 13F filings for Q1 2026.