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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
PWM
926
Power Wealth Management
Georgia
– -$269K -5,979 Closed
VWA
927
Visionary Wealth Advisors
Illinois
– -$265K -5,898 Closed
CFP
928
Cascade Financial Partners
California
– -$261K -5,814 Closed
MCM
929
Mainstream Capital Management
California
– -$249K -5,534 Closed
FOA
930
Five Oceans Advisors
California
– -$248K -5,527 Closed
SPAS
931
Spectrum Planning & Advisory Services
California
– -$245K -5,449 Closed
SAS
932
Stelac Advisory Services
New York
– -$245K -5,441 Closed
EIP
933
Ellis Investment Partners
Pennsylvania
– -$244K -5,426 Closed
CAAS
934
Capital Asset Advisory Services
Michigan
– -$242K -5,340 Closed
RWM
935
Ritholtz Wealth Management
New York
– -$232K -5,160 Closed
LSA
936
Lion Street Advisors
Texas
– -$225K -5,002 Closed
SW
937
Simplicity Wealth
New Jersey
– -$223K -4,961 Closed
MCWS
938
McKinley Carter Wealth Services
West Virginia
– -$221K -4,924 Closed
CF
939
Convergence Financial
Missouri
– -$221K -4,911 Closed
AFAS
940
Acorn Financial Advisory Services
Virginia
– -$218K -4,845 Closed
VAG
941
VisionPoint Advisory Group
Texas
– -$217K -4,841 Closed
AMCA
942
Arthur M. Cohen & Associates
Illinois
– -$217K -4,822 Closed
HFA
943
High Falls Advisors
New York
– -$215K -4,779 Closed
CIA
944
Capital Investment Advisors
Georgia
– -$214K -4,769 Closed
BFA
945
Beaumont Financial Advisors
Massachusetts
– -$212K -4,725 Closed
RRA
946
Round Rock Advisors
Connecticut
– -$207K -4,610 Closed
ECM
947
Evergreen Capital Management
Washington
– -$206K -4,586 Closed
NWM
948
Napa Wealth Management
California
– -$205K -4,573 Closed
AA
949
Armis Advisers
Georgia
– -$203K -4,527 Closed
PVI
950
Pine Valley Investments
New Jersey
– -$203K -4,509 Closed
35 36 37
38
39

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.