State Street SPDR S&P 500 ETF Trust
SPY
4,244 hedge funds and large institutions have $343B invested in State Street SPDR S&P 500 ETF Trust in 2025 Q2 according to their latest regulatory filings, with 259 funds opening new positions, 1,794 increasing their positions, 1,644 reducing their positions, and 148 closing their positions.
75% more first-time investments, than exits
New positions opened: 259 | Existing positions closed: 148
1% more funds holding
Funds holding: 4,189 → 4,244 (+55)
9% more repeat investments, than reductions
Existing positions increased: 1,794 | Existing positions reduced: 1,644
0.58% more ownership
Funds ownership: 53.44% → 54.02% (+0.58%)
0% more funds holding in top 10
Funds holding in top 10: 1,101 → 1,103 (+2)
12% less capital inflows, than outflows
Capital inflows: $31.4B | Capital outflows: $35.8B
47% less call options, than puts
Call options by funds: $325B | Put options by funds: $613B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$3.68B |
| 2 |
Farallon Capital Management
San Francisco,
California
|
+$3.14B |
| 3 |
HRT Financial
New York
|
+$1.95B |
| 4 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$1.67B |
| 5 |
Morgan Stanley
New York
|
+$1.52B |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$5.24B |
| 2 |
JP Morgan Chase
New York
|
-$4.6B |
| 3 |
Lido Advisors
Los Angeles,
California
|
-$1.94B |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1.44B |
| 5 |
Old Mission Capital
Chicago,
Illinois
|
-$1.23B |
SPY Hedge Fund Activity: Q2 2025 in Review
4,244 of the 7,627 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P 500 ETF Trust (SPY) for Q2 2025, worth a combined $343B — up 9.3% from $314B a quarter earlier.
Buyers outnumbered sellers: 259 funds opened new SPY positions and 148 closed out — a net gain of 111 holders — while 1,794 added to existing stakes and 1,644 trimmed.
The largest buyer was Wells Fargo, adding an estimated $3.68B. The largest seller was Susquehanna International Group, cutting an estimated $5.24B.
- 4,244 institutional investors held State Street SPDR S&P 500 ETF Trust (SPY) as of Q2 2025, up from 4,189 in Q1 2025.
- Funds reported $343B of State Street SPDR S&P 500 ETF Trust stock for Q2 2025, up 9.3% quarter-over-quarter.
- 259 funds opened new State Street SPDR S&P 500 ETF Trust positions in Q2 2025 and 148 closed out, a net change of +111 holders.
- The largest State Street SPDR S&P 500 ETF Trust buyer in Q2 2025 was Wells Fargo, an estimated $3.68B added.
- The largest State Street SPDR S&P 500 ETF Trust seller in Q2 2025 was Susquehanna International Group, an estimated $5.24B sold.
Based on aggregated 13F filings for Q2 2025.