Azoria 500 Meritocracy ETF
SPXM
SPXM was delisted on the 8th of December, 2025.
0 hedge funds and large institutions have $0 invested in Azoria 500 Meritocracy ETF in 2025 Q4 according to their latest regulatory filings, with 0 funds opening new positions, increasing their positions, reducing their positions, and 8 closing their positions.
7.87% less ownership
Funds ownership: 7.87% → 0% (-7.9%)
100% less funds holding
Funds holding: 9 → 0 (-9)
100% less capital invested
Capital invested by funds: $2.65M → $0 (-$2.65M)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 8
Top Buyers
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.38M |
| 2 |
GS
GTS Securities
New York
|
-$577K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$444K |
| 4 |
KWA
Kellett Wealth Advisors
Cincinnati,
Ohio
|
-$235K |
| 5 |
Franklin Resources
San Mateo,
California
|
-$5.29K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$1.38M | -64,735 | Closed |
|
|
GS
2
GTS Securities
New York
| – | -$577K | -27,019 | Closed |
|
|
3
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$444K | -20,777 | Closed |
|
|
KWA
4
Kellett Wealth Advisors
Cincinnati,
Ohio
| – | -$235K | -11,000 | Closed |
|
|
5
Franklin Resources
San Mateo,
California
| – | -$5.29K | -248 | Closed |
|
6
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$2.13K | -100 | Closed |
|
|
GJIA
7
Glass Jacobson Investment Advisors
Owings Mills,
Maryland
| – | -$1.07K | -50 | Closed |
|
|
S
8
SignatureFD
Atlanta,
Georgia
| – | -$427 | -20 | Closed |
|
SPXM Hedge Fund Activity: Q4 2025 in Review
0 of the 8,239 institutional investors tracked by Wall St. Rank reported a position in Azoria 500 Meritocracy ETF (SPXM) for Q4 2025, worth a combined $0 — down 100% from $2.65M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of SPXM and 0 opened new positions — a net loss of 8 holders — while 0 trimmed existing stakes and 0 added.
The largest seller was Susquehanna International Group, exiting entirely with an estimated $1.38M sold.
- 0 institutional investors held Azoria 500 Meritocracy ETF (SPXM) as of Q4 2025, down from 9 in Q3 2025.
- Funds reported $0 of Azoria 500 Meritocracy ETF stock for Q4 2025, down 100% quarter-over-quarter.
- 0 funds opened new Azoria 500 Meritocracy ETF positions in Q4 2025 and 8 closed out, a net change of -8 holders.
- The largest Azoria 500 Meritocracy ETF seller in Q4 2025 was Susquehanna International Group, an estimated $1.38M sold.
Based on aggregated 13F filings for Q4 2025.