Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Spdr Series Trust (BWX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +2
Streak
2Q ▲
Buyers last Q
51%

Smart Money Signals — BWX

Based on 158 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added BWX 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
158 hedge funds hold BWX 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.
🚀

Fast accumulation — +25% more funds vs a year ago

fund count last 6Q
+32 new funds entered over the past year (+25% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 51% buying

82 buying80 selling
Last quarter: 82 funds bought or added vs 80 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~26 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 39 → 21 → 27 → 26. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 25% medium ■ 18% new
91 out of 158 hedge funds have held BWX 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.
➡️

Steady discovery — ~26 new funds/quarter

20 → 39 → 21 → 27 → 26 new funds/Q
New funds entering each quarter: 39 → 21 → 27 → 26. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 67% veterans vs 22% newcomers

■ 67% veterans ■ 11% 1-2yr ■ 22% new
Entry-cohort mix of 158 holders: 106 (67%) are 2+ year veterans, 17 entered 1–2 years ago, and 35 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 37% AUM from major funds

37% from top-100 AUM funds
22 of 157 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
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 — BWX

In 2026 Q1, 82 hedge funds were net buyers of BWX (26 opened a new position, 56 added to an existing one), while 80 reduced or exited (56 trimmed, 24 sold completely) — a 51% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 37% of total institutional value in BWX is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +2 funds (more new holders than closures). Total institutional holders: 158.

Hedge Fund Ownership: BWX

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

Market Analysis: BWX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BWX

-- --

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

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

Signal Freshness measures how much BWX 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 · 79d ago
BWX
-0.4%
SPY
+13.9%

BWX outperformed SPY by -14.3% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
BWX
+0.5%
SPY
+0.2%

Since the filing became public, BWX outperformed SPY by +0.3% .

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.

4 top-rated funds 3 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
2.7
/ 10
conviction
Hedge Fund Positioning: BWX
158 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 158 156 1.28%
13F Shares 39M 30M 30.63%
Total Value $856M $677M 26.44%
New Positions 26 27 -1
Increased Positions 56 57 -1
Closed Positions 24 19 +5
Reduced Positions 56 51 +5
Total Calls 1 1 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: BWX

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Institutional Holders (2026 Q1)

158 + investors

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

QUARTER:
Top 25 BWX holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Cerity Partners OCIO LLC 9.33% 7,088,016 $155.6M
2 Upper Left Wealth Management, LLC 4.05% 312,496 $6.9M
3 Point Nemo Capital, LLC 3.81% 263,702 $5.8M
4 rebel Financial LLC 2.80% 294,183 $6.5M
5 Gould Asset Management LLC /Ca/ 2.76% 723,388 $15.9M
6 Croban 2.32% 224,801 $4.9M
7 Leuthold Group, LLC 1.94% 829,138 $18.2M
8 Net Worth Advisory Group 1.78% 391,402 $8.6M
9 Baron Financial Group, LLC 1.76% 148,891 $3.3M
10 FLC Capital Advisors 1.69% 431,181 $9.5M
11 Checchi Capital Advisers, LLC 1.59% 1,433,737 $31.5M
12 CFG Wealth Management Services, Inc. 1.53% 74,567 $1.7M
13 Ackerman Capital Advisors, LLC 1.44% 321,009 $7.0M
14 Walkner Condon Financial Advisors LLC 1.41% 485,825 $10.7M
15 WealthShield Partners, LLC 0.95% 388,551 $8.5M
16 Tectonic Advisors LLC 0.86% 744,825 $16.3M
17 Ci Investments INC. 0.69% 6,516,641 $143.0M
18 Auour Investments LLC 0.53% 76,679 $1.7M
19 NewSquare Capital LLC 0.42% 218,975 $4.8M
20 Family CFO Inc 0.36% 36,121 $793K
21 Redhawk Wealth Advisors, Inc. 0.23% 95,377 $2.1M
22 Risk Paradigm Group, LLC 0.22% 11,725 $257K
23 Post Resch Tallon Group Inc. 0.22% 12,163 $268K
24 Convergence Financial, LLC 0.19% 80,584 $1.8M
25 Camelot Technology Advisors, INC. 0.19% 11,639 $255K
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 (BWX)

What does the Smart Money Trend signal show for BWX?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added BWX 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 BWX?

Slight buying edge — 51% buying: Last quarter: 82 funds bought or added vs 80 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BWX holders?

Strong quality — 37% AUM from major funds: 22 of 157 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held BWX?

58% of holders stayed for 2+ years: 91 out of 158 hedge funds have held BWX 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 (BWX) following the 2026 Q1 hedge fund 13F filings?

As of today, BWX has moved +0.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of +0.3%. Since the quarter end (March 31, 2026), BWX has gained -0.4% vs +13.9% 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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