SPY Hedge Fund Ownership (Q2 2026)

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.

Smart Money Signals — SPY

Based on 4787 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 5 quarters in a row

last 6Q

For 5 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

4,787 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 — +11% more funds vs a year ago

fund count last 6Q

+483 new funds entered over the past year (+11% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟡

Slight buying edge — 50% buying

2306 buying2331 selling

Last quarter: 2,306 funds bought or added vs 2,331 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 (+8 vs last Q)

new funds entering per quarter

Funds opening a new SPY position: 246 → 546 → 312 → 320. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔒

70% of holders stayed for 2+ years

■ 70% conviction (2yr+) ■ 16% medium ■ 14% new

3,363 out of 4,787 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.

💰

Value +35% but shares only +15% — price-driven

Value

+35%

+14%

Last quarter: the total dollar value of institutional holdings rose +35%, but actual share count only changed +15%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.

📊

Peak discovery — momentum slowing

318 → 246 → 546 → 312 → 320 new funds/Q

New funds entering each quarter: 246 → 546 → 312 → 320. SPY is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.

🏛️

Veteran-anchored — 71% veterans vs 16% newcomers

■ 71% veterans ■ 13% 1-2yr ■ 16% new

Entry-cohort mix of 5,223 holders: 3,718 (71%) are 2+ year veterans, 669 entered 1–2 years ago, and 836 (16%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

🏆

Elite ownership — 55% AUM from top-100 funds

55% from top-100 AUM funds

59 of 4665 holders are among the 100 largest funds by AUM, controlling 55% 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.

3.5

out of 10

Low Exit Risk

Exit risk score 3.5/10 — 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.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	4613	4700	-1.85%
13F Shares	1.58B	1.38B	14.68%
Total Value	$1.22T	$907.14B	35.02%
New Positions	292	312	-20
Increased Positions	1846	1728	+118
Closed Positions	258	278	-20
Reduced Positions	1945	2039	-94
Total Calls	187	193	-3.11%
Total Puts	347	335	3.58%
PUT/CALL Ratio	1.86	1.74	Bearish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

4613

4700

-1.85%

13F Shares

1.58B

1.38B

14.68%

Total Value

$1.22T

$907.14B

35.02%

New Positions

292

312

-20

Increased Positions

1846

1728

+118

Closed Positions

258

278

-20

Reduced Positions

1945

2039

-94

Total Calls

187

193

-3.11%

Total Puts

347

335

3.58%

PUT/CALL Ratio

1.86

1.74

Bearish

Institutional Holders (2026 Q2)

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:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 SPY holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	North Horizon Holdings Inc.	100.00%	169,775	$126.8M
2	Benjamin Joseph Floyd Dba Floyd Capital Management	100.00%	176,101	$131.5M
3	Trustees of Columbia University in the City of New York	98.73%	618,565	$461.9M
4	Millbank Dartmoor Portsmouth LLC	97.73%	229,402	$171.7M
5	Power Alpha Investment Ltd	93.55%	1,244,951	$929.5M
6	Ramsey Quantitative Systems	85.02%	127,043	$94.9M
7	Little Harbor Advisors, LLC	79.53%	216,634	$161.8M
8	Freedom Together Foundation	73.00%	847,400	$632.8M
9	Greenfield FTC, Inc.	71.08%	699,141	$522.1M
10	Timelo Investment Management Inc.	70.70%	330,000	$246.4M
11	RPD Fund Management LLC	65.20%	190,000	$141.9M
12	Praxis Capital Management LLC	63.80%	53,910	$40.3M
13	III Capital Management	63.30%	333,951	$249.4M
14	Marest Capital, LLC	62.17%	167,232	$124.9M
15	Insight Wealth Partners, LLC	60.34%	601,827	$449.4M
16	Dow Chemical Co /de/	59.94%	183,371	$136.9M
17	Carronade Capital Management, LP	58.20%	4,500,000	$3.36B
18	Karnit Road Accident Victims Compensation Fund	57.96%	136,578	$102.0M
19	Pacific Wealth Management	57.84%	174,694	$130.5M
20	Naman Capital Ltda	57.22%	247,568	$184.9M
21	Castle Hook Partners LP	56.52%	16,507,100	$12.33B
22	Navigation Wealth Management, Inc.	53.38%	51,893	$38.8M
23	Shulman DeMeo Asset Management LLC	51.96%	372,247	$278.0M
24	Trust Asset Management LLC	51.61%	1,204,074	$374.6M
25	Lepercq De Neuflize Asset Management LLC	51.54%	108,716	$81.2M

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 — 5 quarters in a row: For 5 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 — 50% buying: Last quarter: 2,306 funds bought or added vs 2,331 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?

Elite ownership — 55% AUM from top-100 funds: 59 of 4665 holders are among the 100 largest funds by AUM, controlling 55% 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: 3,363 out of 4,787 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.

Market Cap	--
Enterprise Value	--
Trailing P/E	--
Forward P/E	--
PEG Ratio (5yr expected)	--
Price/Sales (ttm)	--
Price/Book (mrq)	--
Enterprise Value/Revenue	--
Enterprise Value/EBITDA	--
Beta (5Y Monthly)	--
Short Ratio (Days to Cover)	--
Short % of Float	--

Profit Margin	--
Return on Assets (ttm)	--
Return on Equity (ttm)	--

Revenue (ttm)	--
Net Income Avi to Common (ttm)	--
Diluted EPS (ttm)	--
Total Cash (mrq)	--
Total Debt/Equity (mrq)	--
Levered Free Cash Flow (ttm)	--

State Str Spdr S&P 500 ETF T (SPY)

Smart Money Signals — SPY

Buying streak — 5 quarters in a row

At the ownership peak (100% of max)

Steady growth — +11% more funds vs a year ago

Slight buying edge — 50% buying

More new buyers each quarter (+8 vs last Q)

70% of holders stayed for 2+ years

Value +35% but shares only +15% — price-driven

Peak discovery — momentum slowing

Veteran-anchored — 71% veterans vs 16% newcomers

Elite ownership — 55% AUM from top-100 funds

Institutional Sentiment Summary — SPY

What Fund Managers Are Saying About SPY

Hedge Fund Ownership: SPY

Market Analysis: SPY

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: SPY

Hedge Fund Positioning: SPY

Statistics: SPY

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Stocks with similar institutional ownership

Frequently Asked Questions — State Str Spdr S&P 500 ETF T (SPY)

Welcome to 13Foresight!