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
↑ +271
Streak
3Q ▲
Buyers last Q
54%

Smart Money Signals — SPY

Based on 4309 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 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
4,309 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 — +8% more funds vs a year ago

fund count last 6Q
+329 new funds entered over the past year (+8% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 54% buying

2250 buying1944 selling
Last quarter: 2,250 funds bought or added vs 1,944 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.
📈

More new buyers each quarter (+262 vs last Q)

new funds entering per quarter
Funds opening a new SPY position: 249 → 273 → 217 → 479. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

73% of holders stayed for 2+ years

■ 73% conviction (2yr+) ■ 16% medium ■ 12% new
3,137 out of 4,309 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.
💎

Buying through price weakness — shares -14%, value -66%

Value
-65%
Shares
-14%
Last quarter: funds added -14% more shares while total portfolio value only changed -66%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

439 → 249 → 273 → 217 → 479 new funds/Q
New funds entering each quarter: 249 → 273 → 217 → 479. A growing number of institutions are discovering SPY each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 71% of holders stayed 2+ years

■ 71% veterans ■ 11% 1-2yr ■ 17% new
Of 4,650 current holders: 3,308 (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.
✅

Strong quality — 29% AUM from major funds

29% from top-100 AUM funds
43 of 4309 holders rank in the top 100 by AUM, accounting for 29% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — 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.

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

-- --
Smart Money Signal ?
Strong Institutional Conviction

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

226 top-rated funds 559 high-conviction
Consensus
10.0
/ 10
breadth
×
Elite
9.3
/ 10
conviction
Hedge Fund Positioning: SPY
2026 Q1 Stats Unlock in 22 days 5K + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 4650 4372 6.36%
13F Shares 1.32B 1.53B -14.27%
Total Value $901.93B $2.62T -65.55%
New Positions 498 226 +272
Increased Positions 2158 2149 +9
Closed Positions 221 211 +10
Reduced Positions 2191 2188 +3
Total Calls 186 178 4.49%
Total Puts 267 300 -11.0%
PUT/CALL Ratio 1.44 1.69 Bearish

Statistics: SPY

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Financial Highlights

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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.

Top 25 institutional holders of SPY — 2025 Q4 · 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 RAMSEY QUANTITATIVE SYSTEMS 92.45% 137,311 $89.3M
3 Greenfield FTC, Inc. 86.17% 694,754 $451.8M
4 Trust Asset Management LLC 56.09% 1,204,318 $783.2M
5 Shulman DeMeo Asset Management LLC 51.75% 374,720 $243.7M
6 Rising Stella Capital Pte. Ltd 43.38% 142,477 $92.7M
7 PEAVINE CAPITAL, LLC 41.35% 283,624 $184.5M
8 Consolidated Portfolio Review Corp 39.27% 661,577 $430.2M
9 Fortitude Financial, LLC 38.84% 112,861 $73.4M
10 Greenhouse Wealth Management, LLC 35.33% 87,957 $57.1M
11 SJBENEN ADVISORY, LLC 34.00% 62,651 $40.7M
12 Div Capital Phoenix Assets Ltd 33.09% 221,070 $143.8M
13 Dean, Jacobson Financial Services, LLC 33.02% 82,635 $53.7M
14 Benin Management CORP 31.22% 213,513 $138.9M
15 Attessa Capital LLC 31.20% 88,201 $57.4M
16 Azarias Capital Management, L.P. 31.03% 106,461 $69.2M
17 Pacific Capital Wealth Advisors, Inc. 30.60% 280,108 $182.2M
18 McAlister, Sweet & Associates, Inc. 29.90% 73,834 $48.0M
19 4Thought Financial Group Inc. 28.87% 89,773 $58.4M
20 Vavra Capital Management, LLC 28.73% 45,443 $29.6M
21 AUA CAPITAL MANAGEMENT, LLC 28.00% 84,284 $54.8M
22 WASHINGTON GROWTH STRATEGIES LLC 27.96% 65,815 $42.8M
23 Thoma Capital Management LLC 25.20% 65,520 $42.6M
24 HMS Capital Management, LLC 25.10% 99,771 $64.9M
25 Cohen Klingenstein LLC 23.38% 1,110,929 $722.5M
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 — 3 quarters in a row: For 3 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?

Slight buying edge — 54% buying: Last quarter: 2,250 funds bought or added vs 1,944 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 SPY holders?

Strong quality — 29% AUM from major funds: 43 of 4309 holders rank in the top 100 by AUM, accounting for 29% 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 SPY?

73% of holders stayed for 2+ years: 3,137 out of 4,309 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.

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.