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

477 hedge funds and large institutions have $3.9B invested in State Street SPDR Portfolio S&P 600 Small Cap ETF in 2023 Q1 according to their latest regulatory filings, with 53 funds opening new positions, 234 increasing their positions, 145 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

3,012% more call options, than puts

Call options by funds: $809K | Put options by funds: $26K

61% more repeat investments, than reductions

Existing positions increased: 234 | Existing positions reduced: 145

23% more first-time investments, than exits

New positions opened: 53 | Existing positions closed: 43

0% more funds holding

Funds holding: 476 → 477 (+1)

0% more funds holding in top 10

Funds holding in top 10: 39 → 39 (0)

0.78% less ownership

Funds ownership: 79.2% → 78.42% (-0.78%)

61% less capital invested

Capital invested by funds: $9.91B → $3.9B (-$6B)

Holders
477
Holders Change
+1
Holders Change %
+0.21%
% of All Funds
7.6%
Holding in Top 10
39
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.62%
New
53
Increased
234
Reduced
145
Closed
43
Calls
$809K
Puts
$26K
Net Calls
+$783K
Net Calls Change
-$677K

Top Buyers

1
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
+$106M
2
LPL Financial
LPL Financial
California
+$70.1M
3
Financial Engines Advisors
Financial Engines Advisors
California
+$45M
4
Charles Schwab
Charles Schwab
California
+$39.1M
5
CWM
Congress Wealth Management
Massachusetts
+$28.5M

Top Sellers

1
Bank of America
Bank of America
North Carolina
-$56.8M
2
GI
Gradient Investments
Minnesota
-$50.5M
3
GSIS
Global Strategic Investment Solutions
Arizona
-$28.5M
4
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
-$10.3M
5
IA
IFP Advisors
Florida
-$8.13M
Name Holding Trade Value Shares
Change 		Change in
Stake
Financial Engines Advisors
1
Financial Engines Advisors
California
$692M +$45M +1,152,169 +7%
LPL Financial
2
LPL Financial
California
$477M +$70.1M +1,794,490 +17%
Charles Schwab
3
Charles Schwab
California
$237M +$39.1M +1,001,685 +19%
VA
4
Valmark Advisers
Ohio
$166M +$7.3M +187,002 +4%
Creative Planning
5
Creative Planning
Kansas
$124M -$1.2M -30,631 -0.9%
CCWA
6
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$103M +$106M +2,717,304 New
PAG
7
Private Advisor Group
New Jersey
$80.5M +$10.9M +279,636 +15%
MFG
8
Merit Financial Group
Georgia
$66.1M +$9.81M +251,183 +17%
UBS Group
9
UBS Group
Switzerland
$63.5M +$1.5M +38,325 +2%
SPWG
10
Syntegra Private Wealth Group
Missouri
$59.8M +$2.6M +66,699 +4%
SMM
11
Stadion Money Management
Georgia
$57.7M +$9.57M +245,236 +19%
CWM
12
Congress Wealth Management
Massachusetts
$57M +$28.5M +730,079 +94%
WAP
13
Wealthcare Advisory Partners
Pennsylvania
$56.3M +$2.19M +56,218 +4%
Envestnet Asset Management
14
Envestnet Asset Management
Illinois
$56.2M +$10.4M +266,902 +22%
Bank of America
15
Bank of America
North Carolina
$47.5M -$56.8M -1,455,553 -54%
PWPS
16
Pinnacle Wealth Planning Services
Ohio
$47.4M +$585K +14,971 +1%
Ameriprise
17
Ameriprise
Minnesota
$41.2M -$7.36M -188,444 -15%
CAG
18
Crestwood Advisors Group
Massachusetts
$39.1M -$527K -13,495 -1%
AssetMark Inc
19
AssetMark Inc
California
$36.2M +$18.3M +468,188 +96%
B
20
Bridgeworth
Alabama
$35.1M +$2.24M +57,303 +7%
Osaic Holdings
21
Osaic Holdings
Arizona
$34.5M +$871K +22,316 +2%
TC
22
TownSquare Capital
Utah
$33.5M +$1.02M +26,035 +3%
State Street
23
State Street
Massachusetts
$31.7M +$13.1M +336,260 +67%
WFPG
24
Waller Financial Planning Group
Ohio
$29.9M -$4.55M -116,613 -13%
CAL
25
Capital Analysts LLC
Pennsylvania
$29.5M +$242K +6,200 +0.8%
1
2 3 4 5

SPSM Hedge Fund Activity: Q1 2023 in Review

477 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) for Q1 2023, worth a combined $3.9B — down 61% from $9.91B a quarter earlier.

Buyers outnumbered sellers: 53 funds opened new SPSM positions and 43 closed out — a net gain of 10 holders — while 234 added to existing stakes and 145 trimmed.

The largest buyer was CLA (CliftonLarsonAllen) Wealth Advisors, opening a new position worth an estimated $106M. The largest seller was Bank of America, cutting an estimated $56.8M.

  • 477 institutional investors held State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) as of Q1 2023, up from 476 in Q4 2022.
  • Funds reported $3.9B of State Street SPDR Portfolio S&P 600 Small Cap ETF stock for Q1 2023, down 61% quarter-over-quarter.
  • 53 funds opened new State Street SPDR Portfolio S&P 600 Small Cap ETF positions in Q1 2023 and 43 closed out, a net change of +10 holders.
  • The largest State Street SPDR Portfolio S&P 600 Small Cap ETF buyer in Q1 2023 was CLA (CliftonLarsonAllen) Wealth Advisors, an estimated $106M added.
  • The largest State Street SPDR Portfolio S&P 600 Small Cap ETF seller in Q1 2023 was Bank of America, an estimated $56.8M sold.

Based on aggregated 13F filings for Q1 2023.