State Street SPDR S&P 500 ETF Trust
SPY
4,596 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 207 funds opening new positions, 1,721 increasing their positions, 2,035 reducing their positions, and 175 closing their positions.
18% more first-time investments, than exits
New positions opened: 207 | Existing positions closed: 175
1.47% more ownership
Funds ownership: 53.44% → 54.92% (+1.5%)
1% less funds holding
Funds holding: 4,639 → 4,596 (-43)
5% less capital invested
Capital invested by funds: $375B → $357B (-$17.5B)
4% less funds holding in top 10
Funds holding in top 10: 1,162 → 1,114 (-48)
15% less repeat investments, than reductions
Existing positions increased: 1,721 | Existing positions reduced: 2,035
45% less call options, than puts
Call options by funds: $304B | Put options by funds: $553B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$7.6B |
| 2 |
Jane Street
New York
|
+$7.01B |
| 3 |
Goldman Sachs
New York
|
+$2.39B |
| 4 |
GAM
Gotham Asset Management
New York
|
+$1.55B |
| 5 |
SG Americas Securities
New York
|
+$1.1B |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$7.91B |
| 2 |
Citigroup
New York
|
-$4.67B |
| 3 |
D.E. Shaw & Co
New York
|
-$3.2B |
| 4 |
Millennium Management
New York
|
-$2.06B |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.72B |
SPY Hedge Fund Activity: Q1 2026 in Review
4,596 of the 8,207 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 4.7% from $375B a quarter earlier.
Buyers outnumbered sellers: 207 funds opened new SPY positions and 175 closed out — a net gain of 32 holders — while 1,721 added to existing stakes and 2,035 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $7.6B. The largest seller was Wells Fargo, cutting an estimated $7.91B.
- 4,596 institutional investors held State Street SPDR S&P 500 ETF Trust (SPY) as of Q1 2026, down from 4,639 in Q4 2025.
- Funds reported $357B of State Street SPDR S&P 500 ETF Trust stock for Q1 2026, down 4.7% quarter-over-quarter.
- 207 funds opened new State Street SPDR S&P 500 ETF Trust positions in Q1 2026 and 175 closed out, a net change of +32 holders.
- The largest State Street SPDR S&P 500 ETF Trust buyer in Q1 2026 was Morgan Stanley, an estimated $7.6B added.
- The largest State Street SPDR S&P 500 ETF Trust seller in Q1 2026 was Wells Fargo, an estimated $7.91B sold.
Based on aggregated 13F filings for Q1 2026.