Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

STATE STR SPDR S&P 500 ETF T (SPY)

5K + Investors. Track Smart Money conviction in SPY. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +31
Streak
4Q ▲
Buyers last Q
47%

Smart Money Signals — SPY

Based on 4691 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added SPY than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
4,691 hedge funds hold SPY 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 — +12% more funds vs a year ago

fund count last 6Q
+488 new funds entered over the past year (+12% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 47% buying

2137 buying2445 selling
Last quarter: 2,445 funds reduced or exited vs 2,137 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-240 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 315 → 244 → 545 → 305. 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.
🔒

70% of holders stayed for 2+ years

■ 70% conviction (2yr+) ■ 17% medium ■ 13% new
3,279 out of 4,691 hedge funds have held SPY 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.
🚀

Acceleration phase — new buyers rushing in

280 → 315 → 244 → 545 → 305 new funds/Q
New funds entering each quarter: 315 → 244 → 545 → 305. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Deep conviction — 71% of holders stayed 2+ years

■ 71% veterans ■ 13% 1-2yr ■ 16% new
Of 5,090 current holders: 3,607 (71%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 63% AUM from top-100 funds

63% from top-100 AUM funds
57 of 4691 holders are among the 100 largest funds by AUM, controlling 63% of total institutional value in SPY. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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 — SPY

In 2026 Q1, 2137 hedge funds were net buyers of SPY (305 opened a new position, 1832 added to an existing one), while 2445 reduced or exited (2171 trimmed, 274 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 63% of total institutional value in SPY is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +31 funds (more new holders than closures). Total institutional holders: 4691.

Hedge Fund Ownership: SPY

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

Market Analysis: SPY

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SPY

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

Is It Too Late to Buy STATE STR SPDR S&P 500 ETF T (SPY) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much SPY has moved relative to its sector benchmark (SPY) since the 2026 Q1 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 March 31, 2026 · 71d ago
SPY
+18.9%
SPY
+11.7%

SPY outperformed SPY by +7.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 26d ago
SPY
-1.7%
SPY
-1.7%

Since the filing became public, SPY 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 ?
Strong Institutional Conviction

Multiple high-quality funds hold meaningful positions with strong conviction.

139 top-rated funds 534 high-conviction
Consensus
9.3
/ 10
breadth
×
Elite
9.2
/ 10
conviction
Hedge Fund Positioning: SPY
5K + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 4630 4659 -0.62%
13F Shares 1.37B 1.33B 3.42%
Total Value $839.99B $909.19B -7.61%
New Positions 284 545 -261
Increased Positions 1717 1757 -40
Closed Positions 313 213 +100
Reduced Positions 2010 1763 +247
Total Calls 187 176 6.25%
Total Puts 330 277 19.13%
PUT/CALL Ratio 1.76 1.57 Bearish

Statistics: SPY

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Institutional Holders (2026 Q1)

5K + investors

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

QUARTER:
Top 25 institutional holders of SPY — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 BENJAMIN JOSEPH FLOYD DBA FLOYD CAPITAL MANAGEMENT 100.00% 15,090 $9.8M
2 UCLA Foundation 100.00% 167,361 $93.6M
3 North Horizon Holdings Inc. 100.00% 169,115 $117.5M
4 Trustees of Columbia University in the City of New York 99.97% 1,369,552 $890.7M
5 MILLBANK DARTMOOR PORTSMOUTH LLC 97.05% 229,402 $149.2M
6 Power Alpha Investment Ltd 93.59% 1,258,151 $818.2M
7 RAMSEY QUANTITATIVE SYSTEMS 92.45% 137,311 $89.3M
8 RedJay Asset Management Inc. 91.78% 880,681 $586.7M
9 TEXAS TREASURY SAFEKEEPING TRUST CO 87.52% 834,569 $543K
10 DOW CHEMICAL CO /DE/ 86.78% 318,591 $207.2M
11 Greenfield FTC, Inc. 86.17% 694,754 $451.8M
12 Little Harbor Advisors, LLC 83.19% 215,451 $140K
13 CARRONADE CAPITAL MANAGEMENT, LP 77.13% 9,075,000 $5.90B
14 Freedom Together Foundation 72.30% 847,400 $551.1M
15 GARNET EQUITY CAPITAL HOLDINGS, INC. 70.87% 700,000 $455.2M
16 Insight Wealth Partners, LLC 65.24% 715,300 $465.2M
17 Marest Capital, LLC 61.97% 164,696 $107.1M
18 EMG Holdings, L.P. 60.67% 370,000 $240.6M
19 Two Seas Capital LP 58.80% 6,468,600 $4.21B
20 Pacific Wealth Management 58.72% 167,876 $109.2M
21 Karnit Road Accident Victims Compensation Fund 57.99% 151,957 $98.8M
22 Wallace Hart LLC 57.08% 63,699 $41.4M
23 Ulysses Management LLC 56.75% 700,000 $455.2M
24 Trust Asset Management LLC 56.09% 1,204,318 $783.2M
25 Deer Park Road Corp 55.01% 500,000 $325.2M
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 — STATE STR SPDR S&P 500 ETF T (SPY)

What does the Smart Money Trend signal show for SPY?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added SPY than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for SPY?

More sellers than buyers — 47% buying: Last quarter: 2,445 funds reduced or exited vs 2,137 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for SPY holders?

Elite ownership — 63% AUM from top-100 funds: 57 of 4691 holders are among the 100 largest funds by AUM, controlling 63% of total institutional value in SPY. 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 SPY?

70% of holders stayed for 2+ years: 3,279 out of 4,691 hedge funds have held SPY 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 STATE STR SPDR S&P 500 ETF T (SPY) following the 2026 Q1 hedge fund 13F filings?

As of today, SPY has moved -1.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to -1.7% for the SPY sector ETF — an outperformance of +0.0%. Since the quarter end (March 31, 2026), SPY has gained +18.9% vs +11.7% 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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