State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
1,046 hedge funds and large institutions have $12.5B invested in State Street SPDR Portfolio S&P 600 Small Cap ETF in 2026 Q2 according to their latest regulatory filings, with 110 funds opening new positions, 424 increasing their positions, 373 reducing their positions, and 41 closing their positions.
168% more first-time investments, than exits
New positions opened: 110 | Existing positions closed: 41
25% more capital invested
Capital invested by funds: $10B → $12.5B (+$2.49B)
14% more repeat investments, than reductions
Existing positions increased: 424 | Existing positions reduced: 373
4% more funds holding
Funds holding: 1,005 → 1,046 (+41)
4% more funds holding in top 10
Funds holding in top 10: 55 → 57 (+2)
1.42% more ownership
Funds ownership: 72.54% → 73.96% (+1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$439M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$111M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$46.7M |
| 4 |
CCMG
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
+$32.4M |
| 5 |
LPL Financial
San Diego,
California
|
+$31.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Financial Engines Advisors
Santa Clara,
California
|
-$99.8M |
| 2 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$60.7M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
-$22.3M |
| 4 |
BS
Banco Santander
Madrid,
Spain
|
-$18.7M |
| 5 |
State Street
Boston,
Massachusetts
|
-$17M |
SPSM Hedge Fund Activity: Q2 2026 in Review
1,046 institutional investors reported a position in State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) for Q2 2026, worth a combined $12.5B — up 25% from $10B a quarter earlier.
Buyers outnumbered sellers: 110 funds opened new SPSM positions and 41 closed out — a net gain of 69 holders — while 424 added to existing stakes and 373 trimmed.
The largest buyer was Bank of America, adding an estimated $439M. The largest seller was Financial Engines Advisors, cutting an estimated $99.8M.
- 1,046 institutional investors held State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) as of Q2 2026, up from 1,005 in Q1 2026.
- Funds reported $12.5B of State Street SPDR Portfolio S&P 600 Small Cap ETF stock for Q2 2026, up 25% quarter-over-quarter.
- 110 funds opened new State Street SPDR Portfolio S&P 600 Small Cap ETF positions in Q2 2026 and 41 closed out, a net change of +69 holders.
- The largest State Street SPDR Portfolio S&P 600 Small Cap ETF buyer in Q2 2026 was Bank of America, an estimated $439M added.
- The largest State Street SPDR Portfolio S&P 600 Small Cap ETF seller in Q2 2026 was Financial Engines Advisors, an estimated $99.8M sold.
Based on aggregated 13F filings for Q2 2026.