State Street SPDR Portfolio S&P 400 Mid Cap ETF
SPMD
795 hedge funds and large institutions have $13.6B invested in State Street SPDR Portfolio S&P 400 Mid Cap ETF in 2025 Q4 according to their latest regulatory filings, with 106 funds opening new positions, 368 increasing their positions, 223 reducing their positions, and 38 closing their positions.
179% more first-time investments, than exits
New positions opened: 106 | Existing positions closed: 38
65% more repeat investments, than reductions
Existing positions increased: 368 | Existing positions reduced: 223
8% more funds holding
Funds holding: 733 → 795 (+62)
7% more capital invested
Capital invested by funds: $12.7B → $13.6B (+$944M)
5% more funds holding in top 10
Funds holding in top 10: 55 → 58 (+3)
3.33% more ownership
Funds ownership: 87.44% → 90.78% (+3.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$381M |
| 2 |
Creative Planning
Overland Park,
Kansas
|
+$270M |
| 3 |
National Bank of Canada
Montreal,
Quebec, Canada
|
+$67.2M |
| 4 |
Betterment LLC
New York
|
+$58.9M |
| 5 |
GT
Greenleaf Trust
Kalamazoo,
Michigan
|
+$42.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ETC
Exchange Traded Concepts
Oklahoma City,
Oklahoma
|
-$108M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$75.6M |
| 3 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
-$65.4M |
| 4 |
WFPG
Waller Financial Planning Group
Columbus,
Ohio
|
-$27.6M |
| 5 |
M1FG
Mach-1 Financial Group
Rogers,
Arkansas
|
-$23.2M |
SPMD Hedge Fund Activity: Q4 2025 in Review
795 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) for Q4 2025, worth a combined $13.6B — up 7.4% from $12.7B a quarter earlier.
Buyers outnumbered sellers: 106 funds opened new SPMD positions and 38 closed out — a net gain of 68 holders — while 368 added to existing stakes and 223 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $381M. The largest seller was Exchange Traded Concepts, exiting entirely with an estimated $108M sold.
- 795 institutional investors held State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) as of Q4 2025, up from 733 in Q3 2025.
- Funds reported $13.6B of State Street SPDR Portfolio S&P 400 Mid Cap ETF stock for Q4 2025, up 7.4% quarter-over-quarter.
- 106 funds opened new State Street SPDR Portfolio S&P 400 Mid Cap ETF positions in Q4 2025 and 38 closed out, a net change of +68 holders.
- The largest State Street SPDR Portfolio S&P 400 Mid Cap ETF buyer in Q4 2025 was Morgan Stanley, an estimated $381M added.
- The largest State Street SPDR Portfolio S&P 400 Mid Cap ETF seller in Q4 2025 was Exchange Traded Concepts, an estimated $108M sold.
Based on aggregated 13F filings for Q4 2025.