State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
999 hedge funds and large institutions have $10B invested in State Street SPDR Portfolio S&P 600 Small Cap ETF in 2026 Q1 according to their latest regulatory filings, with 95 funds opening new positions, 413 increasing their positions, 347 reducing their positions, and 56 closing their positions.
70% more first-time investments, than exits
New positions opened: 95 | Existing positions closed: 56
19% more repeat investments, than reductions
Existing positions increased: 413 | Existing positions reduced: 347
15% more funds holding in top 10
Funds holding in top 10: 47 → 54 (+7)
2% more funds holding
Funds holding: 977 → 999 (+22)
2% more capital invested
Capital invested by funds: $9.87B → $10B (+$162M)
2.86% less ownership
Funds ownership: 75.36% → 72.49% (-2.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minneapolis,
Minnesota
|
+$70.8M |
| 2 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
+$56.4M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$52.8M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$39.2M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
+$34.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$324M |
| 2 |
LPL Financial
San Diego,
California
|
-$119M |
| 3 |
TPSF
Texas Permanent School Fund
Austin,
Texas
|
-$74.2M |
| 4 |
Corient Private Wealth
Miami,
Florida
|
-$30M |
| 5 |
FFN
Focus Financial Network
Minneapolis,
Minnesota
|
-$27.6M |
SPSM Hedge Fund Activity: Q1 2026 in Review
999 of the 8,128 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) for Q1 2026, worth a combined $10B — up 1.6% from $9.87B a quarter earlier.
Buyers outnumbered sellers: 95 funds opened new SPSM positions and 56 closed out — a net gain of 39 holders — while 413 added to existing stakes and 347 trimmed.
The largest buyer was CLA (CliftonLarsonAllen) Wealth Advisors, adding an estimated $70.8M. The largest seller was Morgan Stanley, cutting an estimated $324M.
- 999 institutional investors held State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) as of Q1 2026, up from 977 in Q4 2025.
- Funds reported $10B of State Street SPDR Portfolio S&P 600 Small Cap ETF stock for Q1 2026, up 1.6% quarter-over-quarter.
- 95 funds opened new State Street SPDR Portfolio S&P 600 Small Cap ETF positions in Q1 2026 and 56 closed out, a net change of +39 holders.
- The largest State Street SPDR Portfolio S&P 600 Small Cap ETF buyer in Q1 2026 was CLA (CliftonLarsonAllen) Wealth Advisors, an estimated $70.8M added.
- The largest State Street SPDR Portfolio S&P 600 Small Cap ETF seller in Q1 2026 was Morgan Stanley, an estimated $324M sold.
Based on aggregated 13F filings for Q1 2026.