State Street SPDR Portfolio S&P 400 Mid Cap ETF
SPMD
811 hedge funds and large institutions have $14B invested in State Street SPDR Portfolio S&P 400 Mid Cap ETF in 2026 Q1 according to their latest regulatory filings, with 85 funds opening new positions, 373 increasing their positions, 249 reducing their positions, and 53 closing their positions.
60% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 53
50% more repeat investments, than reductions
Existing positions increased: 373 | Existing positions reduced: 249
14% more funds holding in top 10
Funds holding in top 10: 58 → 66 (+8)
2% more funds holding
Funds holding: 794 → 811 (+17)
3% more capital invested
Capital invested by funds: $13.6B → $14B (+$388M)
1.57% less ownership
Funds ownership: 90.96% → 89.39% (-1.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Creative Planning
Overland Park,
Kansas
|
+$242M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$145M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$78.1M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$33.2M |
| 5 |
TAP
TSG Advice Partners
Columbus,
Ohio
|
+$27.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$367M |
| 2 |
TPSF
Texas Permanent School Fund
Austin,
Texas
|
-$151M |
| 3 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
-$80.8M |
| 4 |
Betterment LLC
New York
|
-$57.9M |
| 5 |
National Bank of Canada
Montreal,
Quebec, Canada
|
-$36.6M |
SPMD Hedge Fund Activity: Q1 2026 in Review
811 institutional investors reported a position in State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) for Q1 2026, worth a combined $14B — up 2.8% from $13.6B a quarter earlier.
Buyers outnumbered sellers: 85 funds opened new SPMD positions and 53 closed out — a net gain of 32 holders — while 373 added to existing stakes and 249 trimmed.
The largest buyer was Creative Planning, adding an estimated $242M. The largest seller was Morgan Stanley, cutting an estimated $367M.
- 811 institutional investors held State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) as of Q1 2026, up from 794 in Q4 2025.
- Funds reported $14B of State Street SPDR Portfolio S&P 400 Mid Cap ETF stock for Q1 2026, up 2.8% quarter-over-quarter.
- 85 funds opened new State Street SPDR Portfolio S&P 400 Mid Cap ETF positions in Q1 2026 and 53 closed out, a net change of +32 holders.
- The largest State Street SPDR Portfolio S&P 400 Mid Cap ETF buyer in Q1 2026 was Creative Planning, an estimated $242M added.
- The largest State Street SPDR Portfolio S&P 400 Mid Cap ETF seller in Q1 2026 was Morgan Stanley, an estimated $367M sold.
Based on aggregated 13F filings for Q1 2026.