State Street SPDR Portfolio S&P 400 Mid Cap ETF
SPMD
733 hedge funds and large institutions have $12.7B invested in State Street SPDR Portfolio S&P 400 Mid Cap ETF in 2025 Q3 according to their latest regulatory filings, with 75 funds opening new positions, 342 increasing their positions, 209 reducing their positions, and 47 closing their positions.
64% more repeat investments, than reductions
Existing positions increased: 342 | Existing positions reduced: 209
60% more first-time investments, than exits
New positions opened: 75 | Existing positions closed: 47
9% more capital invested
Capital invested by funds: $11.6B → $12.7B (+$1.06B)
2% more funds holding in top 10
Funds holding in top 10: 54 → 55 (+1)
1% more funds holding
Funds holding: 724 → 733 (+9)
0.89% less ownership
Funds ownership: 88.34% → 87.44% (-0.89%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Creative Planning
Overland Park,
Kansas
|
+$276M |
| 2 |
Betterment LLC
New York
|
+$54.7M |
| 3 |
VC
Vicus Capital
State College,
Pennsylvania
|
+$35.3M |
| 4 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$30.1M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$26.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HP
Hancock Prospecting
West Perth,
Australia
|
-$82.5M |
| 2 |
APWA
Atlas Private Wealth Advisors
Matawan,
New Jersey
|
-$50.6M |
| 3 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$34.5M |
| 4 |
AG
AlTi Global
New York
|
-$33M |
| 5 |
FFA
Farther Finance Advisors
San Francisco,
California
|
-$21.7M |
SPMD Hedge Fund Activity: Q3 2025 in Review
733 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) for Q3 2025, worth a combined $12.7B — up 9.1% from $11.6B a quarter earlier.
Buyers outnumbered sellers: 75 funds opened new SPMD positions and 47 closed out — a net gain of 28 holders — while 342 added to existing stakes and 209 trimmed.
The largest buyer was Creative Planning, adding an estimated $276M. The largest seller was Hancock Prospecting, cutting an estimated $82.5M.
- 733 institutional investors held State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) as of Q3 2025, up from 724 in Q2 2025.
- Funds reported $12.7B of State Street SPDR Portfolio S&P 400 Mid Cap ETF stock for Q3 2025, up 9.1% quarter-over-quarter.
- 75 funds opened new State Street SPDR Portfolio S&P 400 Mid Cap ETF positions in Q3 2025 and 47 closed out, a net change of +28 holders.
- The largest State Street SPDR Portfolio S&P 400 Mid Cap ETF buyer in Q3 2025 was Creative Planning, an estimated $276M added.
- The largest State Street SPDR Portfolio S&P 400 Mid Cap ETF seller in Q3 2025 was Hancock Prospecting, an estimated $82.5M sold.
Based on aggregated 13F filings for Q3 2025.