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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HP
Hancock Prospecting
West Perth,
Australia
|
+$65.2M |
| 2 |
LPL Financial
San Diego,
California
|
+$62M |
| 3 |
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minneapolis,
Minnesota
|
+$42.8M |
| 4 |
CFG
Compton Financial Group
Towson,
Maryland
|
+$24.6M |
| 5 |
VA
Valmark Advisers
Akron,
Ohio
|
+$20.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
-$118M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$97.1M |
| 3 |
FEG
Fund Evaluation Group
Cincinnati,
Ohio
|
-$88.7M |
| 4 |
RBA
Richard Bernstein Advisors
New York
|
-$66.9M |
| 5 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$61.5M |
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.