State Street SPDR Portfolio S&P 400 Mid Cap ETF
SPMD
724 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 103 funds opening new positions, 298 increasing their positions, 231 reducing their positions, and 48 closing their positions.
115% more first-time investments, than exits
New positions opened: 103 | Existing positions closed: 48
29% more repeat investments, than reductions
Existing positions increased: 298 | Existing positions reduced: 231
9% more capital invested
Capital invested by funds: $10.6B → $11.6B (+$986M)
7% more funds holding
Funds holding: 678 → 724 (+46)
0.26% more ownership
Funds ownership: 88.07% → 88.34% (+0.26%)
5% less funds holding in top 10
Funds holding in top 10: 57 → 54 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Creative Planning
Overland Park,
Kansas
|
+$151M |
| 2 |
ETC
Exchange Traded Concepts
Oklahoma City,
Oklahoma
|
+$89.2M |
| 3 |
Betterment LLC
New York
|
+$65.5M |
| 4 |
AOI
Auto-Owners Insurance
Lansing,
Michigan
|
+$38.2M |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$31.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
-$97.2M |
| 2 |
AG
AlTi Global
New York
|
-$84.2M |
| 3 |
RA
RFG Advisory
Birmingham,
Alabama
|
-$68.1M |
| 4 |
MPM
MBB Public Markets
Chicago,
Illinois
|
-$48.2M |
| 5 |
Goldman Sachs
New York
|
-$27.4M |
SPMD Hedge Fund Activity: Q2 2025 in Review
724 of the 7,613 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 9.3% from $10.6B a quarter earlier.
Buyers outnumbered sellers: 103 funds opened new SPMD positions and 48 closed out — a net gain of 55 holders — while 298 added to existing stakes and 231 trimmed.
The largest buyer was Creative Planning, adding an estimated $151M. The largest seller was Carson Wealth (CWM LLC), cutting an estimated $97.2M.
- 724 institutional investors held State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) as of Q2 2025, up from 678 in Q1 2025.
- Funds reported $11.6B of State Street SPDR Portfolio S&P 400 Mid Cap ETF stock for Q2 2025, up 9.3% quarter-over-quarter.
- 103 funds opened new State Street SPDR Portfolio S&P 400 Mid Cap ETF positions in Q2 2025 and 48 closed out, a net change of +55 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.