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

896 hedge funds and large institutions have $9.07B invested in State Street SPDR Portfolio S&P 600 Small Cap ETF in 2025 Q3 according to their latest regulatory filings, with 85 funds opening new positions, 383 increasing their positions, 303 reducing their positions, and 48 closing their positions.

New
Increased
Maintained
Reduced
Closed

77% more first-time investments, than exits

New positions opened: 85 | Existing positions closed: 48

26% more repeat investments, than reductions

Existing positions increased: 383 | Existing positions reduced: 303

12% more capital invested

Capital invested by funds: $8.1B → $9.07B (+$969M)

9% more funds holding in top 10

Funds holding in top 10: 43 → 47 (+4)

1% more funds holding

Funds holding: 888 → 896 (+8)

0.92% less ownership

Funds ownership: 71.79% → 70.87% (-0.92%)

Holders
896
Holders Change
+8
Holders Change %
+0.9%
% of All Funds
11.76%
Holding in Top 10
47
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+9.3%
% of All Funds
0.62%
New
85
Increased
383
Reduced
303
Closed
48
Calls
$2.09M
Puts
–
Net Calls
+$2.09M
Net Calls Change
-$32K

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$99.8M
2
VIA
Vantagepoint Investment Advisers
District of Columbia
+$63.4M
3
MIM
Morningstar Investment Management
Illinois
+$33.7M
4
Osaic Holdings
Osaic Holdings
Arizona
+$31M
5
Envestnet Portfolio Solutions
Envestnet Portfolio Solutions
Illinois
+$30.8M

Top Sellers

Rank Fund Capital Flow
1
HP
Hancock Prospecting
Australia
-$51M
2
VA
Valmark Advisers
Ohio
-$42.5M
3
Financial Engines Advisors
Financial Engines Advisors
California
-$37.3M
4
APWA
Atlas Private Wealth Advisors
New Jersey
-$22.4M
5
GKWIM
Gerber Kawasaki Wealth & Investment Management
California
-$21.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAM
851
Costello Asset Management
Pennsylvania
$9.26K – – –
RPA
852
Redwood Park Advisors
California
$8.69K +$45 +1 +0.5%
BOJHT
853
Bank of Jackson Hole Trust
Wyoming
$8.66K – – –
HWM
854
Horizons Wealth Management
North Carolina
$7.6K – – –
WWM
855
Woodside Wealth Management
Massachusetts
$7.09K +$179 +4 +3%
HIA
856
HFM Investment Advisors
New Jersey
$6.73K – – –
OC
857
Oakworth Capital
Alabama
$6.39K – – –
FFA
858
Frazier Financial Advisors
Ohio
$6.3K +$45 +1 +0.7%
AGWCA
859
Annis Gardner Whiting Capital Advisors
Florida
$6.12K – – –
APW
860
Atlantic Private Wealth
North Carolina
$6.03K – – –
MSFP
861
Mark Sheptoff Financial Planning
Connecticut
$6.02K +$5.83K +130 New
1IA
862
1620 Investment Advisors
Massachusetts
$5.84K – – –
WWM
863
Wolff Wiese Magana
California
$5.24K – – –
CCM
864
Cloud Capital Management
Washington
$5K +$5.02K +112 New
LWCFA
865
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$4.92K – – –
ETC
866
Exchange Traded Concepts
Oklahoma
$4.72K -$441K -9,833 -99%
IRC
867
Investors Research Corp
Georgia
$4.03K +$3.9K +87 New
BIM
868
Breakwater Investment Management
Washington
$3.94K – – –
WA
869
WPG Advisers
Maryland
$3.71K – – –
WAM
870
WFA Asset Management
Wisconsin
$3.48K +$45 +1 +1%
ACM
871
Anfield Capital Management
California
$3.33K – – –
GA
872
Guerra Advisors
Florida
$3.16K +$3.05K +68 New
HFS
873
Hantz Financial Services
Michigan
$3K +$986 +22 +67%
TCM
874
Tradewinds Capital Management
Washington
$2.73K – – –
MMCM
875
Murphy & Mullick Capital Management
New York
$2.29K – – –
33 34
35
36 37

SPSM Hedge Fund Activity: Q3 2025 in Review

896 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) for Q3 2025, worth a combined $9.07B — up 12% from $8.1B a quarter earlier.

Buyers outnumbered sellers: 85 funds opened new SPSM positions and 48 closed out — a net gain of 37 holders — while 383 added to existing stakes and 303 trimmed.

The largest buyer was LPL Financial, adding an estimated $99.8M. The largest seller was Hancock Prospecting, cutting an estimated $51M.

  • 896 institutional investors held State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) as of Q3 2025, up from 888 in Q2 2025.
  • Funds reported $9.07B of State Street SPDR Portfolio S&P 600 Small Cap ETF stock for Q3 2025, up 12% quarter-over-quarter.
  • 85 funds opened new State Street SPDR Portfolio S&P 600 Small Cap ETF positions in Q3 2025 and 48 closed out, a net change of +37 holders.
  • The largest State Street SPDR Portfolio S&P 600 Small Cap ETF buyer in Q3 2025 was LPL Financial, an estimated $99.8M added.
  • The largest State Street SPDR Portfolio S&P 600 Small Cap ETF seller in Q3 2025 was Hancock Prospecting, an estimated $51M sold.

Based on aggregated 13F filings for Q3 2025.