State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
888 hedge funds and large institutions have $8.1B invested in State Street SPDR Portfolio S&P 600 Small Cap ETF in 2025 Q2 according to their latest regulatory filings, with 86 funds opening new positions, 374 increasing their positions, 313 reducing their positions, and 75 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 374 | Existing positions reduced: 313
15% more first-time investments, than exits
New positions opened: 86 | Existing positions closed: 75
2% more capital invested
Capital invested by funds: $7.92B → $8.1B (+$185M)
0% less funds holding
Funds holding: 890 → 888 (-2)
0.82% less ownership
Funds ownership: 72.61% → 71.79% (-0.82%)
12% less funds holding in top 10
Funds holding in top 10: 49 → 43 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Betterment LLC
New York
|
+$59.9M |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
+$59.3M |
| 3 |
Financial Engines Advisors
Santa Clara,
California
|
+$51.4M |
| 4 |
LPL Financial
San Diego,
California
|
+$39M |
| 5 |
AssetMark Inc
Concord,
California
|
+$28.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
TownSquare Capital
Provo,
Utah
|
-$90.8M |
| 2 |
RBA
Richard Bernstein Advisors
New York
|
-$67.8M |
| 3 |
JP Morgan Chase
New York
|
-$50.2M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$48.2M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$47.4M |
SPSM Hedge Fund Activity: Q2 2025 in Review
888 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) for Q2 2025, worth a combined $8.1B — up 2.3% from $7.92B a quarter earlier.
Buyers outnumbered sellers: 86 funds opened new SPSM positions and 75 closed out — a net gain of 11 holders — while 374 added to existing stakes and 313 trimmed.
The largest buyer was Betterment LLC, adding an estimated $59.9M. The largest seller was TownSquare Capital, cutting an estimated $90.8M.
- 888 institutional investors held State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) as of Q2 2025, down from 890 in Q1 2025.
- Funds reported $8.1B of State Street SPDR Portfolio S&P 600 Small Cap ETF stock for Q2 2025, up 2.3% quarter-over-quarter.
- 86 funds opened new State Street SPDR Portfolio S&P 600 Small Cap ETF positions in Q2 2025 and 75 closed out, a net change of +11 holders.
- The largest State Street SPDR Portfolio S&P 600 Small Cap ETF buyer in Q2 2025 was Betterment LLC, an estimated $59.9M added.
- The largest State Street SPDR Portfolio S&P 600 Small Cap ETF seller in Q2 2025 was TownSquare Capital, an estimated $90.8M sold.
Based on aggregated 13F filings for Q2 2025.