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State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM

890 hedge funds and large institutions have $7.92B invested in State Street SPDR Portfolio S&P 600 Small Cap ETF in 2025 Q1 according to their latest regulatory filings, with 63 funds opening new positions, 357 increasing their positions, 348 reducing their positions, and 84 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,231% more call options, than puts

Call options by funds: $2.57M | Put options by funds: $193K

3% more repeat investments, than reductions

Existing positions increased: 357 | Existing positions reduced: 348

2.18% less ownership

Funds ownership: 74.78% → 72.61% (-2.2%)

4% less funds holding

Funds holding: 926 → 890 (-36)

9% less funds holding in top 10

Funds holding in top 10: 54 → 49 (-5)

19% less capital invested

Capital invested by funds: $9.8B → $7.92B (-$1.89B)

25% less first-time investments, than exits

New positions opened: 63 | Existing positions closed: 84

Holders
890
Holders Change
-36
Holders Change %
-3.89%
% of All Funds
11.93%
Holding in Top 10
49
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-9.26%
% of All Funds
0.66%
New
63
Increased
357
Reduced
348
Closed
84
Calls
$2.57M
Puts
$193K
Net Calls
+$2.38M
Net Calls Change
-$1.18M

Top Buyers

Rank Fund Capital Flow
1
HP
Hancock Prospecting
Australia
+$65.2M
2
LPL Financial
LPL Financial
California
+$62M
3
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
+$42.8M
4
CFG
Compton Financial Group
Maryland
+$24.6M
5
VA
Valmark Advisers
Ohio
+$20.5M

Top Sellers

Rank Fund Capital Flow
1
Carson Wealth (CWM LLC)
Carson Wealth (CWM LLC)
Nebraska
-$118M
2
Bank of America
Bank of America
North Carolina
-$97.1M
3
FEG
Fund Evaluation Group
Ohio
-$88.7M
4
RBA
Richard Bernstein Advisors
New York
-$66.9M
5
IAA
Independent Advisor Alliance
North Carolina
-$61.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
HIA
851
HFM Investment Advisors
New Jersey
$5.84K +$6.34K +144 New
BCMLT
852
Beacon Capital Management LLC (Tennessee)
Tennessee
$5.51K – – –
FFA
853
Frazier Financial Advisors
Ohio
$5.5K -$44 -1 -0.7%
AGWCA
854
Annis Gardner Whiting Capital Advisors
Florida
$5.38K – – –
ADL
855
Asset Dedication LLC
California
$5.3K – – –
APW
856
Atlantic Private Wealth
North Carolina
$5.26K – – –
GWS
857
Glassman Wealth Services
Virginia
$5.09K +$5.51K +125 New
S
858
SignatureFD
Georgia
$4.67K -$44.8K -1,018 -90%
WWM
859
Wolff Wiese Magana
California
$4.61K -$1.54K -35 -24%
LWANC
860
Laurel Wealth Advisors (North Carolina)
North Carolina
$4.57K +$1.45K +33 +41%
LWCFA
861
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$4.01K – – –
HR
862
Howe & Rusling
New York
$3.95K +$4.27K +97 New
TVWM
863
Tower View Wealth Management
Wisconsin
$3.91K – – –
FP
864
Financial Perspectives
Minnesota
$3.67K – – –
BIM
865
Breakwater Investment Management
Washington
$3.46K – – –
WAM
866
WFA Asset Management
Wisconsin
$3.26K -$44 -1 -1%
WA
867
WPG Advisers
Maryland
$3.26K – – –
HDIM
868
Hanson & Doremus Investment Management
Vermont
$3K +$3.66K +83 New
ACM
869
Anfield Capital Management
California
$2.94K – – –
TCM
870
Tradewinds Capital Management
Washington
$2.4K – – –
MMCM
871
Murphy & Mullick Capital Management
New York
$2.04K – – –
ICM
872
Islay Capital Management
Texas
$1.92K – – –
CPG
873
Cornerstone Planning Group
New Jersey
$1.87K – – –
CAWM
874
Capital A Wealth Management
Pennsylvania
$1.71K +$881 +20 +91%
CJH
875
Christopher J. Hasenberg
Wisconsin
$1.68K – – –
33 34
35
36 37

SPSM Hedge Fund Activity: Q1 2025 in Review

890 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) for Q1 2025, worth a combined $7.92B — down 19% from $9.8B a quarter earlier.

Sellers outnumbered buyers: 84 funds closed out of SPSM and 63 opened new positions — a net loss of 21 holders — while 348 trimmed existing stakes and 357 added.

The largest buyer was Hancock Prospecting, opening a new position worth an estimated $65.2M. The largest seller was Carson Wealth (CWM LLC), cutting an estimated $118M.

  • 890 institutional investors held State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) as of Q1 2025, down from 926 in Q4 2024.
  • Funds reported $7.92B of State Street SPDR Portfolio S&P 600 Small Cap ETF stock for Q1 2025, down 19% quarter-over-quarter.
  • 63 funds opened new State Street SPDR Portfolio S&P 600 Small Cap ETF positions in Q1 2025 and 84 closed out, a net change of -21 holders.
  • The largest State Street SPDR Portfolio S&P 600 Small Cap ETF buyer in Q1 2025 was Hancock Prospecting, an estimated $65.2M added.
  • The largest State Street SPDR Portfolio S&P 600 Small Cap ETF seller in Q1 2025 was Carson Wealth (CWM LLC), an estimated $118M sold.

Based on aggregated 13F filings for Q1 2025.