Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Spdr Series Trust (SPHY)

518 + Investors. Track Smart Money conviction in SPHY. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
1Q ▼
Buyers last Q
60%

Smart Money Signals — SPHY

Based on 523 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their SPHY positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
523 hedge funds hold SPHY right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +16% more funds vs a year ago

fund count last 6Q
+74 new funds entered over the past year (+16% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 60% buying

329 buying219 selling
Last quarter: 329 funds were net buyers (73 opened a brand new position + 256 added to an existing one). Only 219 were sellers (144 trimmed + 75 sold completely). A clear majority buying is a strong confirmation signal.
⚠️

Fewer new buyers each quarter (-18 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 65 → 73 → 91 → 73. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

42% of holders stayed for 2+ years

■ 42% conviction (2yr+) ■ 31% medium ■ 27% new
218 out of 523 hedge funds have held SPHY for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

70 → 65 → 73 → 91 → 73 new funds/Q
New funds entering each quarter: 65 → 73 → 91 → 73. A growing number of institutions are discovering SPHY each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 41% veterans vs 34% newcomers

■ 41% veterans ■ 25% 1-2yr ■ 34% new
Entry-cohort mix of 523 holders: 214 (41%) are 2+ year veterans, 133 entered 1–2 years ago, and 176 (34%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 41% AUM from top-100 funds

41% from top-100 AUM funds
31 of 522 holders are among the 100 largest funds by AUM, controlling 41% of total institutional value in SPHY. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — SPHY

In 2026 Q1, 329 hedge funds were net buyers of SPHY (73 opened a new position, 256 added to an existing one), while 219 reduced or exited (144 trimmed, 75 sold completely) — a 60% buyer ratio, indicating clear institutional accumulation. 41% of total institutional value in SPHY is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 523.

Hedge Fund Ownership: SPHY

How many hedge funds hold SPHY — quarterly history vs. share price
Quarterly hedge fund ownership of SPHY vs. share price

Market Analysis: SPHY

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SPHY

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Spdr Series Trust (SPHY) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much SPHY has moved relative to its sector benchmark (SPY) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 45d ago
SPHY
-0.5%
SPY
+3.9%

SPHY outperformed SPY by -4.4% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 0d ago
SPHY
+0.0%
SPY
+0.0%

Since the filing became public, SPHY outperformed SPY by +0.0% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

20 top-rated funds 18 high-conviction
Consensus
5.7
/ 10
breadth
×
Elite
3.5
/ 10
conviction
Hedge Fund Positioning: SPHY
2026 Q2 Stats Unlock in 5 days 518 + Investors

Track Smart Money conviction in SPHY. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 518 523 -0.96%
13F Shares 272M 287M -5.4%
Total Value $5.51B $6.28B -12.29%
New Positions 70 91 -21
Increased Positions 256 248 +8
Closed Positions 75 41 +34
Reduced Positions 143 141 +2
Total Calls 0 0 -
Total Puts 1 0 100%
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: SPHY

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

518 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in SPHY. Verified SEC 13F-HR filings.

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 SPHY holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Cornerstone Enterprises, LLC 17.57% 1,643,374 $38.5M
2 CNO Financial Group, Inc. 17.16% 1,279,000 $30.0M
3 Christine Messmer Pc 10.31% 780,662 $18.3M
4 Acute Investment Advisory, LLC 8.62% 34,791 $816K
5 Donoghue Forlines LLC 8.35% 1,377,655 $32.3M
6 S&A Financial Services, Inc. 6.92% 483,315 $11.3M
7 Ocean Park Asset Management, LLC 6.86% 6,080,823 $142.5M
8 Toews Corp /Adv 6.60% 1,932,100 $45.3M
9 Retiremitten Financial LLC 6.35% 642,152 $15.1M
10 Financial Futures Ltd Liability Co. 6.08% 681,170 $16.0M
11 Iowa State Bank 5.62% 1,435,573 $33.6M
12 Pinnacle Wealth Management, LLC 5.47% 376,967 $8.8M
13 Rfg Holdings, INC. 5.00% 1,016,827 $23.8M
14 SAM Advisors, LLC 4.77% 746,103 $17.5M
15 Horizon Financial Services, LLC 4.58% 509,747 $11.9M
16 5th Street Advisors, LLC 4.42% 495,546 $11.6M
17 Kensington Asset Management, LLC 4.41% 3,453,978 $81.0M
18 Elo Mutual Pension Insurance Co 4.31% 14,297,990 $335.1M
19 Carolina Wealth Advisors, LLC 3.88% 422,552 $9.9M
20 Strategic Financial Group, LLC 3.69% 164,163 $3.8M
21 Quartz Partners, LLC 3.59% 467,208 $11.0M
22 Verus Wealth Management, LLC 3.51% 181,764 $4.3M
23 Keeler Thomas Management LLC 3.31% 398,471 $9.3M
24 Hilltop Partners LLC 3.16% 555,583 $13.0M
25 Financial Advisory Partners, LLC 2.90% 473,062 $11.1M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Spdr Series Trust (SPHY)

What does the Smart Money Trend signal show for SPHY?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their SPHY positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for SPHY?

More buyers than sellers — 60% buying: Last quarter: 329 funds were net buyers (73 opened a brand new position + 256 added to an existing one). Only 219 were sellers (144 trimmed + 75 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for SPHY holders?

Elite ownership — 41% AUM from top-100 funds: 31 of 522 holders are among the 100 largest funds by AUM, controlling 41% of total institutional value in SPHY. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held SPHY?

42% of holders stayed for 2+ years: 218 out of 523 hedge funds have held SPHY for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Spdr Series Trust (SPHY) following the 2026 Q2 hedge fund 13F filings?

As of today, SPHY has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the SPY sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), SPHY has gained -0.5% vs +3.9% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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