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State Street SPDR Portfolio S&P 400 Mid Cap ETF
SPMD

722 hedge funds and large institutions have $11.6B invested in State Street SPDR Portfolio S&P 400 Mid Cap ETF in 2025 Q2 according to their latest regulatory filings, with 101 funds opening new positions, 297 increasing their positions, 232 reducing their positions, and 47 closing their positions.

New
Increased
Maintained
Reduced
Closed

115% more first-time investments, than exits

New positions opened: 101 | Existing positions closed: 47

28% more repeat investments, than reductions

Existing positions increased: 297 | Existing positions reduced: 232

9% more capital invested

Capital invested by funds: $10.6B → $11.6B (+$968M)

7% more funds holding

Funds holding: 677 → 722 (+45)

0.13% more ownership

Funds ownership: 88.18% → 88.31% (+0.13%)

7% less funds holding in top 10

Funds holding in top 10: 57 → 53 (-4)

Holders
722
Holders Change
+45
Holders Change %
+6.65%
% of All Funds
9.51%
Holding in Top 10
53
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-7.02%
% of All Funds
0.7%
New
101
Increased
297
Reduced
232
Closed
47
Calls
$609K
Puts
–
Net Calls
+$609K
Net Calls Change
-$77K

Top Buyers

Rank Fund Capital Flow
1
Creative Planning
Creative Planning
Kansas
+$151M
2
ETC
Exchange Traded Concepts
Oklahoma
+$89.2M
3
Betterment LLC
Betterment LLC
New York
+$65.5M
4
AOI
Auto-Owners Insurance
Michigan
+$38.2M
5
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$31.5M

Top Sellers

Rank Fund Capital Flow
1
Carson Wealth (CWM LLC)
Carson Wealth (CWM LLC)
Nebraska
-$97.2M
2
AG
AlTi Global
New York
-$84.2M
3
RA
RFG Advisory
Alabama
-$68.1M
4
MPM
MBB Public Markets
Illinois
-$48.2M
5
Goldman Sachs
Goldman Sachs
New York
-$27.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
IHWM
701
Iron Horse Wealth Management
Iowa
$2.28K – – –
BNP Paribas Financial Markets
702
BNP Paribas Financial Markets
France
$1.69K +$1.6K +31 New
BBHC
703
Brown Brothers Harriman & Co
New York
$1.47K – – –
CSC
704
Caldwell Sutter Capital
California
$1.3K – – –
AIC
705
Archer Investment Corporation
Indiana
$1.3K +$1.24K +24 New
RPCA
706
Running Point Capital Advisors
California
$1.25K – – –
FGA
707
Fortis Group Advisors
New Jersey
$1.09K – – –
BCMLT
708
Beacon Capital Management LLC (Tennessee)
Tennessee
$1.04K -$11.3K -219 -92%
RIA
709
Realta Investment Advisors
Delaware
$979 – – –
CVM
710
Cheviot Value Management
California
$822 – – –
KHC
711
Koesten Hirschmann & Crabtree
Kansas
$762 – – –
NC
712
NewSquare Capital
Pennsylvania
$544 – – –
Q1WB
713
Quest 10 Wealth Builders
Virginia
$326 – – –
PMFA
714
Plante Moran Financial Advisors
Michigan
$326 +$309 +6 New
PWAM
715
Private Wealth Asset Management
Iowa
$272 +$258 +5 New
CWP
716
Clark Wealth Partners
Illinois
$218 +$206 +4 New
MPW
717
MASECO Private Wealth
$218 +$206 +4 New
Citigroup
718
Citigroup
New York
$163 -$1.39K -27 -90%
CW
719
Curio Wealth
Maryland
$54 -$52 -1 -50%
FW
720
Fairway Wealth
Ohio
$54 – – –
IRAG
721
Investment Research & Advisory Group
Georgia
$54 +$52 +1 New
SWA
722
SOA Wealth Advisors
New York
$54 +$52 +1 New
MPM
723
MBB Public Markets
Illinois
– -$48.2M -942,381 Closed
SLF
724
Sun Life Financial
Ontario, Canada
– -$25.1M -490,800 Closed
TF
725
TLWM Financial
Texas
– -$18M -351,963 Closed
27 28
29
30 31

SPMD Hedge Fund Activity: Q2 2025 in Review

722 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) for Q2 2025, worth a combined $11.6B — up 9.1% from $10.6B a quarter earlier.

Buyers outnumbered sellers: 101 funds opened new SPMD positions and 47 closed out — a net gain of 54 holders — while 297 added to existing stakes and 232 trimmed.

The largest buyer was Creative Planning, adding an estimated $151M. The largest seller was Carson Wealth (CWM LLC), cutting an estimated $97.2M.

  • 722 institutional investors held State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) as of Q2 2025, up from 677 in Q1 2025.
  • Funds reported $11.6B of State Street SPDR Portfolio S&P 400 Mid Cap ETF stock for Q2 2025, up 9.1% quarter-over-quarter.
  • 101 funds opened new State Street SPDR Portfolio S&P 400 Mid Cap ETF positions in Q2 2025 and 47 closed out, a net change of +54 holders.
  • The largest State Street SPDR Portfolio S&P 400 Mid Cap ETF buyer in Q2 2025 was Creative Planning, an estimated $151M added.
  • The largest State Street SPDR Portfolio S&P 400 Mid Cap ETF seller in Q2 2025 was Carson Wealth (CWM LLC), an estimated $97.2M sold.

Based on aggregated 13F filings for Q2 2025.