State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF
SPYX
248 hedge funds and large institutions have $1.24B invested in State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF in 2025 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 86 increasing their positions, 67 reducing their positions, and 11 closing their positions.
136% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 11
28% more repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 67
5% more funds holding
Funds holding: 237 → 248 (+11)
4% more capital invested
Capital invested by funds: $1.2B → $1.24B (+$45.7M)
0.23% less ownership
Funds ownership: 49.7% → 49.47% (-0.23%)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WHAM
Windmill Hill Asset Management
Waddesdon,
United Kingdom
|
+$22.8M |
| 2 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
+$21.9M |
| 3 |
Mariner
Overland Park,
Kansas
|
+$7.96M |
| 4 |
PCIG
Partners Capital Investment Group
Boston,
Massachusetts
|
+$3.94M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$3.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAS
TIFF Advisory Services
Radnor,
Pennsylvania
|
-$14.1M |
| 2 |
IFWM
Institute for Wealth Management
Denver,
Colorado
|
-$7.05M |
| 3 |
Bank of New York Mellon
New York
|
-$6.98M |
| 4 |
CIA
Choate Investment Advisors
Boston,
Massachusetts
|
-$3.38M |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$2.22M |
SPYX Hedge Fund Activity: Q4 2025 in Review
248 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) for Q4 2025, worth a combined $1.24B — up 3.8% from $1.2B a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new SPYX positions and 11 closed out — a net gain of 15 holders — while 86 added to existing stakes and 67 trimmed.
The largest buyer was Windmill Hill Asset Management, adding an estimated $22.8M. The largest seller was TIFF Advisory Services, cutting an estimated $14.1M.
- 248 institutional investors held State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) as of Q4 2025, up from 237 in Q3 2025.
- Funds reported $1.24B of State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF stock for Q4 2025, up 3.8% quarter-over-quarter.
- 26 funds opened new State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF positions in Q4 2025 and 11 closed out, a net change of +15 holders.
- The largest State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF buyer in Q4 2025 was Windmill Hill Asset Management, an estimated $22.8M added.
- The largest State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF seller in Q4 2025 was TIFF Advisory Services, an estimated $14.1M sold.
Based on aggregated 13F filings for Q4 2025.