ProShares S&P 500 ex-Financials ETF
SPXN
21 hedge funds and large institutions have $33.2M invested in ProShares S&P 500 ex-Financials ETF in 2025 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 4 increasing their positions, 6 reducing their positions, and 1 closing their positions.
400% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 1
17% more funds holding
Funds holding: 18 → 21 (+3)
15% less capital invested
Capital invested by funds: $38.9M → $33.2M (-$5.66M)
17.82% less ownership
Funds ownership: 65.15% → 47.33% (-18%)
33% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$436K |
| 2 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$296K |
| 3 |
SGFG
Silver Grove Financial Group
Orchard Park,
New York
|
+$149K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$96.8K |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
+$39.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barclays
London,
United Kingdom
|
-$6.61M |
| 2 |
Goldman Sachs
New York
|
-$499K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$401K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$117K |
| 5 |
LPL Financial
San Diego,
California
|
-$30.2K |
SPXN Hedge Fund Activity: Q4 2025 in Review
21 of the 8,280 institutional investors tracked by Wall St. Rank reported a position in ProShares S&P 500 ex-Financials ETF (SPXN) for Q4 2025, worth a combined $33.2M — down 15% from $38.9M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new SPXN positions and 1 closed out — a net gain of 4 holders — while 4 added to existing stakes and 6 trimmed.
The largest buyer was CAPTRUST Financial Advisors, opening a new position worth an estimated $436K. The largest seller was Barclays, cutting an estimated $6.61M.
- 21 institutional investors held ProShares S&P 500 ex-Financials ETF (SPXN) as of Q4 2025, up from 18 in Q3 2025.
- Funds reported $33.2M of ProShares S&P 500 ex-Financials ETF stock for Q4 2025, down 15% quarter-over-quarter.
- 5 funds opened new ProShares S&P 500 ex-Financials ETF positions in Q4 2025 and 1 closed out, a net change of +4 holders.
- The largest ProShares S&P 500 ex-Financials ETF buyer in Q4 2025 was CAPTRUST Financial Advisors, an estimated $436K added.
- The largest ProShares S&P 500 ex-Financials ETF seller in Q4 2025 was Barclays, an estimated $6.61M sold.
Based on aggregated 13F filings for Q4 2025.