State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
892 hedge funds and large institutions have $8.12B invested in State Street SPDR Portfolio S&P 600 Small Cap ETF in 2025 Q2 according to their latest regulatory filings, with 85 funds opening new positions, 378 increasing their positions, 314 reducing their positions, and 74 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 378 | Existing positions reduced: 314
15% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 74
0% less funds holding
Funds holding: 895 → 892 (-3)
0.77% less ownership
Funds ownership: 72.66% → 71.89% (-0.77%)
12% less funds holding in top 10
Funds holding in top 10: 49 → 43 (-6)
14% less capital inflows, than outflows
Capital inflows: $689M | Capital outflows: $804M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Betterment LLC
New York
|
+$59.9M |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
+$59.3M |
| 3 |
Financial Engines Advisors
Santa Clara,
California
|
+$51.4M |
| 4 |
LPL Financial
San Diego,
California
|
+$39M |
| 5 |
AssetMark Inc
Concord,
California
|
+$28.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TownSquare Capital
Provo,
Utah
|
-$90.8M |
| 2 |
Richard Bernstein Advisors
New York
|
-$67.8M |
| 3 |
JP Morgan Chase
New York
|
-$50.2M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$48.2M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$47.4M |
SPSM Hedge Fund Activity: Q2 2025 in Review
892 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) for Q2 2025, worth a combined $8.12B — up 2.5% from $7.92B a quarter earlier.
Buyers outnumbered sellers: 85 funds opened new SPSM positions and 74 closed out — a net gain of 11 holders — while 378 added to existing stakes and 314 trimmed.
The largest buyer was Betterment LLC, adding an estimated $59.9M. The largest seller was TownSquare Capital, cutting an estimated $90.8M.
- 892 institutional investors held State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) as of Q2 2025, down from 895 in Q1 2025.
- Funds reported $8.12B of State Street SPDR Portfolio S&P 600 Small Cap ETF stock for Q2 2025, up 2.5% quarter-over-quarter.
- 85 funds opened new State Street SPDR Portfolio S&P 600 Small Cap ETF positions in Q2 2025 and 74 closed out, a net change of +11 holders.
- The largest State Street SPDR Portfolio S&P 600 Small Cap ETF buyer in Q2 2025 was Betterment LLC, an estimated $59.9M added.
- The largest State Street SPDR Portfolio S&P 600 Small Cap ETF seller in Q2 2025 was TownSquare Capital, an estimated $90.8M sold.
Based on aggregated 13F filings for Q2 2025.