State Street SPDR S&P 500 ETF Trust
SPY
4,617 hedge funds and large institutions have $448B invested in State Street SPDR S&P 500 ETF Trust in 2026 Q2 according to their latest regulatory filings, with 246 funds opening new positions, 1,794 increasing their positions, 1,919 reducing their positions, and 121 closing their positions.
103% more first-time investments, than exits
New positions opened: 246 | Existing positions closed: 121
26% more capital invested
Capital invested by funds: $357B → $448B (+$91.3B)
1% more funds holding in top 10
Funds holding in top 10: 1,112 → 1,124 (+12)
1% more funds holding
Funds holding: 4,579 → 4,617 (+38)
0.72% more ownership
Funds ownership: 56.46% → 57.19% (+0.72%)
7% less repeat investments, than reductions
Existing positions increased: 1,794 | Existing positions reduced: 1,919
51% less call options, than puts
Call options by funds: $380B | Put options by funds: $780B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$17.4B |
| 2 |
D.E. Shaw & Co
New York
|
+$9.63B |
| 3 |
CCM
Carronade Capital Management
Darien,
Connecticut
|
+$3.26B |
| 4 |
Millennium Management
New York
|
+$3.07B |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.87B |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GFA
Gallagher Fiduciary Advisors
Rolling Meadows,
Illinois
|
-$11.3B |
| 2 |
Morgan Stanley
New York
|
-$5.96B |
| 3 |
Goldman Sachs
New York
|
-$3.69B |
| 4 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$1.55B |
| 5 |
CM
Capula Management
Grand Cayman,
Cayman Islands
|
-$1.13B |
SPY Hedge Fund Activity: Q2 2026 in Review
4,617 of the 8,263 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P 500 ETF Trust (SPY) for Q2 2026, worth a combined $448B — up 26% from $357B a quarter earlier.
Buyers outnumbered sellers: 246 funds opened new SPY positions and 121 closed out — a net gain of 125 holders — while 1,794 added to existing stakes and 1,919 trimmed.
The largest buyer was Jane Street, adding an estimated $17.4B. The largest seller was Gallagher Fiduciary Advisors, cutting an estimated $11.3B.
- 4,617 institutional investors held State Street SPDR S&P 500 ETF Trust (SPY) as of Q2 2026, up from 4,579 in Q1 2026.
- Funds reported $448B of State Street SPDR S&P 500 ETF Trust stock for Q2 2026, up 26% quarter-over-quarter.
- 246 funds opened new State Street SPDR S&P 500 ETF Trust positions in Q2 2026 and 121 closed out, a net change of +125 holders.
- The largest State Street SPDR S&P 500 ETF Trust buyer in Q2 2026 was Jane Street, an estimated $17.4B added.
- The largest State Street SPDR S&P 500 ETF Trust seller in Q2 2026 was Gallagher Fiduciary Advisors, an estimated $11.3B sold.
Based on aggregated 13F filings for Q2 2026.