State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
1,060 hedge funds and large institutions have $12.6B invested in State Street SPDR Portfolio S&P 600 Small Cap ETF in 2026 Q2 according to their latest regulatory filings, with 112 funds opening new positions, 430 increasing their positions, 377 reducing their positions, and 41 closing their positions.
173% more first-time investments, than exits
New positions opened: 112 | Existing positions closed: 41
145% more capital inflows, than outflows
Capital inflows: $1.17B | Capital outflows: $477M
14% more repeat investments, than reductions
Existing positions increased: 430 | Existing positions reduced: 377
9% more funds holding in top 10
Funds holding in top 10: 55 → 60 (+5)
5% more funds holding
Funds holding: 1,010 → 1,060 (+50)
1.72% more ownership
Funds ownership: 72.59% → 74.3% (+1.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$439M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$111M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$46.7M |
| 4 |
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
+$32.4M |
| 5 |
LPL Financial
San Diego,
California
|
+$31.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Financial Engines Advisors
Santa Clara,
California
|
-$100M |
| 2 |
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$60.7M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
-$22.3M |
| 4 |
Banco Santander
Madrid,
Spain
|
-$18.7M |
| 5 |
State Street
Boston,
Massachusetts
|
-$17M |
SPSM Hedge Fund Activity: Q2 2026 in Review
1,060 of the 8,365 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) for Q2 2026, worth a combined $12.6B — up 25% from $10B a quarter earlier.
Buyers outnumbered sellers: 112 funds opened new SPSM positions and 41 closed out — a net gain of 71 holders — while 430 added to existing stakes and 377 trimmed.
The largest buyer was Bank of America, adding an estimated $439M. The largest seller was Financial Engines Advisors, cutting an estimated $100M.
- 1,060 institutional investors held State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) as of Q2 2026, up from 1,010 in Q1 2026.
- Funds reported $12.6B of State Street SPDR Portfolio S&P 600 Small Cap ETF stock for Q2 2026, up 25% quarter-over-quarter.
- 112 funds opened new State Street SPDR Portfolio S&P 600 Small Cap ETF positions in Q2 2026 and 41 closed out, a net change of +71 holders.
- The largest State Street SPDR Portfolio S&P 600 Small Cap ETF buyer in Q2 2026 was Bank of America, an estimated $439M added.
- The largest State Street SPDR Portfolio S&P 600 Small Cap ETF seller in Q2 2026 was Financial Engines Advisors, an estimated $100M sold.
Based on aggregated 13F filings for Q2 2026.