State Street SPDR S&P 500 ETF Trust
SPY
4,579 hedge funds and large institutions have $357B invested in State Street SPDR S&P 500 ETF Trust in 2026 Q1 according to their latest regulatory filings, with 205 funds opening new positions, 1,711 increasing their positions, 2,032 reducing their positions, and 175 closing their positions.
17% more first-time investments, than exits
New positions opened: 205 | Existing positions closed: 175
0.11% less ownership
Funds ownership: 56.57% → 56.46% (-0.11%)
1% less funds holding
Funds holding: 4,627 → 4,579 (-48)
4% less funds holding in top 10
Funds holding in top 10: 1,160 → 1,112 (-48)
5% less capital invested
Capital invested by funds: $377B → $357B (-$20.4B)
16% less repeat investments, than reductions
Existing positions increased: 1,711 | Existing positions reduced: 2,032
45% less call options, than puts
Call options by funds: $304B | Put options by funds: $553B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GFA
Gallagher Fiduciary Advisors
Rolling Meadows,
Illinois
|
+$10.6B |
| 2 |
Morgan Stanley
New York
|
+$7.6B |
| 3 |
Jane Street
New York
|
+$7.01B |
| 4 |
Goldman Sachs
New York
|
+$2.39B |
| 5 |
GAM
Gotham Asset Management
New York
|
+$1.55B |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Corient Private Wealth
Miami,
Florida
|
-$19.3B |
| 2 |
Wells Fargo
San Francisco,
California
|
-$7.91B |
| 3 |
Citigroup
New York
|
-$4.67B |
| 4 |
D.E. Shaw & Co
New York
|
-$3.2B |
| 5 |
Millennium Management
New York
|
-$2.06B |
SPY Hedge Fund Activity: Q1 2026 in Review
4,579 of the 8,172 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P 500 ETF Trust (SPY) for Q1 2026, worth a combined $357B — down 5.4% from $377B a quarter earlier.
Buyers outnumbered sellers: 205 funds opened new SPY positions and 175 closed out — a net gain of 30 holders — while 1,711 added to existing stakes and 2,032 trimmed.
The largest buyer was Gallagher Fiduciary Advisors, adding an estimated $10.6B. The largest seller was Corient Private Wealth, cutting an estimated $19.3B.
- 4,579 institutional investors held State Street SPDR S&P 500 ETF Trust (SPY) as of Q1 2026, down from 4,627 in Q4 2025.
- Funds reported $357B of State Street SPDR S&P 500 ETF Trust stock for Q1 2026, down 5.4% quarter-over-quarter.
- 205 funds opened new State Street SPDR S&P 500 ETF Trust positions in Q1 2026 and 175 closed out, a net change of +30 holders.
- The largest State Street SPDR S&P 500 ETF Trust buyer in Q1 2026 was Gallagher Fiduciary Advisors, an estimated $10.6B added.
- The largest State Street SPDR S&P 500 ETF Trust seller in Q1 2026 was Corient Private Wealth, an estimated $19.3B sold.
Based on aggregated 13F filings for Q1 2026.