ProShares S&P 500 ex-Financials ETF
SPXN
18 hedge funds and large institutions have $38.9M invested in ProShares S&P 500 ex-Financials ETF in 2025 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 8 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
0% more funds holding
Funds holding: 18 → 18 (0)
4.63% less ownership
Funds ownership: 69.78% → 65.15% (-4.6%)
11% less capital invested
Capital invested by funds: $43.9M → $38.9M (-$4.99M)
50% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
+$328K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$154K |
| 3 |
LPL Financial
San Diego,
California
|
+$133K |
| 4 |
IRC
Investors Research Corp
Atlanta,
Georgia
|
+$76K |
| 5 |
GA
Guerra Advisors
Miami,
Florida
|
+$39.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
-$6.62M |
| 2 |
SG Americas Securities
New York
|
-$1.38M |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
-$358K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$260K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$71.1K |
SPXN Hedge Fund Activity: Q3 2025 in Review
18 of the 7,625 institutional investors tracked by Wall St. Rank reported a position in ProShares S&P 500 ex-Financials ETF (SPXN) for Q3 2025, worth a combined $38.9M — down 11% from $43.9M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new SPXN positions and 1 closed out — a net gain of 1 holder — while 4 added to existing stakes and 8 trimmed.
The largest buyer was Raymond James Financial, opening a new position worth an estimated $328K. The largest seller was BNP Paribas Financial Markets, exiting entirely with an estimated $6.62M sold.
- 18 institutional investors held ProShares S&P 500 ex-Financials ETF (SPXN) as of Q3 2025, unchanged from Q2 2025.
- Funds reported $38.9M of ProShares S&P 500 ex-Financials ETF stock for Q3 2025, down 11% quarter-over-quarter.
- 2 funds opened new ProShares S&P 500 ex-Financials ETF positions in Q3 2025 and 1 closed out, a net change of +1 holder.
- The largest ProShares S&P 500 ex-Financials ETF buyer in Q3 2025 was Raymond James Financial, an estimated $328K added.
- The largest ProShares S&P 500 ex-Financials ETF seller in Q3 2025 was BNP Paribas Financial Markets, an estimated $6.62M sold.
Based on aggregated 13F filings for Q3 2025.