State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
901 hedge funds and large institutions have $9.11B invested in State Street SPDR Portfolio S&P 600 Small Cap ETF in 2025 Q3 according to their latest regulatory filings, with 85 funds opening new positions, 386 increasing their positions, 305 reducing their positions, and 47 closing their positions.
102% more capital inflows, than outflows
Capital inflows: $785M | Capital outflows: $389M
81% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 47
27% more repeat investments, than reductions
Existing positions increased: 386 | Existing positions reduced: 305
9% more funds holding in top 10
Funds holding in top 10: 43 → 47 (+4)
1% more funds holding
Funds holding: 892 → 901 (+9)
0.72% less ownership
Funds ownership: 71.89% → 71.17% (-0.72%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$100M |
| 2 |
Vantagepoint Investment Advisers
Washington,
District of Columbia
|
+$63.4M |
| 3 |
Morningstar Investment Management
Chicago,
Illinois
|
+$33.7M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$31M |
| 5 |
Envestnet Portfolio Solutions
Chicago,
Illinois
|
+$30.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hancock Prospecting
West Perth,
Australia
|
-$51M |
| 2 |
Valmark Advisers
Akron,
Ohio
|
-$42.5M |
| 3 |
Financial Engines Advisors
Santa Clara,
California
|
-$37.3M |
| 4 |
Atlas Private Wealth Advisors
Matawan,
New Jersey
|
-$22.4M |
| 5 |
Gerber Kawasaki Wealth & Investment Management
Santa Monica,
California
|
-$21.5M |
SPSM Hedge Fund Activity: Q3 2025 in Review
901 of the 7,650 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) for Q3 2025, worth a combined $9.11B — up 12% from $8.12B a quarter earlier.
Buyers outnumbered sellers: 85 funds opened new SPSM positions and 47 closed out — a net gain of 38 holders — while 386 added to existing stakes and 305 trimmed.
The largest buyer was LPL Financial, adding an estimated $100M. The largest seller was Hancock Prospecting, cutting an estimated $51M.
- 901 institutional investors held State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) as of Q3 2025, up from 892 in Q2 2025.
- Funds reported $9.11B of State Street SPDR Portfolio S&P 600 Small Cap ETF stock for Q3 2025, up 12% quarter-over-quarter.
- 85 funds opened new State Street SPDR Portfolio S&P 600 Small Cap ETF positions in Q3 2025 and 47 closed out, a net change of +38 holders.
- The largest State Street SPDR Portfolio S&P 600 Small Cap ETF buyer in Q3 2025 was LPL Financial, an estimated $100M added.
- The largest State Street SPDR Portfolio S&P 600 Small Cap ETF seller in Q3 2025 was Hancock Prospecting, an estimated $51M sold.
Based on aggregated 13F filings for Q3 2025.