State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
983 hedge funds and large institutions have $9.81B invested in State Street SPDR Portfolio S&P 600 Small Cap ETF in 2025 Q4 according to their latest regulatory filings, with 141 funds opening new positions, 378 increasing their positions, 342 reducing their positions, and 40 closing their positions.
253% more first-time investments, than exits
New positions opened: 141 | Existing positions closed: 40
11% more repeat investments, than reductions
Existing positions increased: 378 | Existing positions reduced: 342
9% more funds holding
Funds holding: 899 → 983 (+84)
8% more capital invested
Capital invested by funds: $9.1B → $9.81B (+$707M)
4.05% more ownership
Funds ownership: 71.13% → 75.17% (+4%)
0% more funds holding in top 10
Funds holding in top 10: 47 → 47 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$391M |
| 2 |
LPL Financial
San Diego,
California
|
+$63.5M |
| 3 |
HAG
HighPoint Advisor Group
Downers Grove,
Illinois
|
+$31.9M |
| 4 |
Betterment LLC
New York
|
+$28.7M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$26.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Financial Engines Advisors
Santa Clara,
California
|
-$87.4M |
| 2 |
WFPG
Waller Financial Planning Group
Columbus,
Ohio
|
-$28.2M |
| 3 |
SFC
Strategic Financial Concepts
San Antonio,
Texas
|
-$27.1M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$20.3M |
| 5 |
MFS
McNamara Financial Services
Marshfield,
Massachusetts
|
-$19.4M |
SPSM Hedge Fund Activity: Q4 2025 in Review
983 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) for Q4 2025, worth a combined $9.81B — up 7.8% from $9.1B a quarter earlier.
Buyers outnumbered sellers: 141 funds opened new SPSM positions and 40 closed out — a net gain of 101 holders — while 378 added to existing stakes and 342 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $391M. The largest seller was Financial Engines Advisors, cutting an estimated $87.4M.
- 983 institutional investors held State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) as of Q4 2025, up from 899 in Q3 2025.
- Funds reported $9.81B of State Street SPDR Portfolio S&P 600 Small Cap ETF stock for Q4 2025, up 7.8% quarter-over-quarter.
- 141 funds opened new State Street SPDR Portfolio S&P 600 Small Cap ETF positions in Q4 2025 and 40 closed out, a net change of +101 holders.
- The largest State Street SPDR Portfolio S&P 600 Small Cap ETF buyer in Q4 2025 was Morgan Stanley, an estimated $391M added.
- The largest State Street SPDR Portfolio S&P 600 Small Cap ETF seller in Q4 2025 was Financial Engines Advisors, an estimated $87.4M sold.
Based on aggregated 13F filings for Q4 2025.