State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
897 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, 362 increasing their positions, 350 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: 362 | Existing positions reduced: 350
2.28% less ownership
Funds ownership: 74.95% → 72.67% (-2.3%)
4% less funds holding
Funds holding: 932 → 897 (-35)
9% less funds holding in top 10
Funds holding in top 10: 54 → 49 (-5)
25% less first-time investments, than exits
New positions opened: 63 | Existing positions closed: 84
47% less capital inflows, than outflows
Capital inflows: $555M | Capital outflows: $1.05B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hancock Prospecting
West Perth,
Australia
|
+$65.2M |
| 2 |
LPL Financial
San Diego,
California
|
+$62M |
| 3 |
CLA (CliftonLarsonAllen) Wealth Advisors
Minneapolis,
Minnesota
|
+$42.8M |
| 4 |
Compton Financial Group
Towson,
Maryland
|
+$24.6M |
| 5 |
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 |
Fund Evaluation Group
Cincinnati,
Ohio
|
-$88.7M |
| 4 |
Richard Bernstein Advisors
New York
|
-$66.9M |
| 5 |
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$61.5M |
SPSM Hedge Fund Activity: Q1 2025 in Review
897 of the 7,486 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 15% from $9.28B a quarter earlier.
Sellers outnumbered buyers: 84 funds closed out of SPSM and 63 opened new positions — a net loss of 21 holders — while 350 trimmed existing stakes and 362 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.
- 897 institutional investors held State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) as of Q1 2025, down from 932 in Q4 2024.
- Funds reported $7.92B of State Street SPDR Portfolio S&P 600 Small Cap ETF stock for Q1 2025, down 15% 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.