SPDR S&P MidCap 400 ETF

MDY • ARCA

SPDR S&P MidCap 400 ETF is an exchange-traded fund on ARCA. As of Q3 2025, 1,330 institutional investors hold shares in this ETF, with total holdings valued at $14.9B. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $1.2B.

Overview

Overview of institutional ownership in MDY as of Q3 2025

All Institutions

Institutions: 1,330
Value Held: $14.9B
Shares Held: 25.2M
Avg Position: $11.2M
Median Position: $859.4K

Hedge Funds

Hedge Funds: 34
Value Held: $368.8M
Shares Held: 618.8K
Avg Position: $10.8M
Median Position: $1.1M

Biggest Investors

Institutions with the largest positions in MDY as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$1.2B 0.09% of portfolio	2.1M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$1.1B 0.06% of portfolio	1.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$748.7M 0.15% of portfolio	1.3M shares	≤ Q2 2013 Held for 12y 5m+	$488.50B
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$648.7M 0.08% of portfolio	1.1M shares	≤ Q2 2013 Held for 12y 5m+	$782.01B
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$629.9M 0.09% of portfolio	1.1M shares	≤ Q2 2013 Held for 12y 5m+	$691.34B
$US BANCORP \DE\ logo$ US BANCORP \DE\ Institution	Gunjan Kedia CEO	$594.9M 0.71% of portfolio	998.1K shares	Q1 2023 Held for 2y 8m	$84.3B
Pathstone Holdings, LLC Family Office	Matthew Jacob Fleissig CEO	$530.4M 2.03% of portfolio	889.8K shares	Q4 2023 Held for 1y 11m	$26.2B
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	-	$469.8M 0.31% of portfolio	788.3K shares	≤ Q2 2013 Held for 12y 5m+	$149.83B
PNC FINANCIAL SERVICES GROUP, INC. Institution	William S. Demchak CEO	$426.1M 0.26% of portfolio	715.0K shares	≤ Q2 2013 Held for 12y 5m+	$164.83B
UBS Group AG Institution	Sergio P. Ermotti CEO	$379.6M 0.07% of portfolio	636.9K shares	Q4 2014 Held for 10y 11m	$511.54B

Net Capital Flow

Institutional buying and selling activity for MDY in Q3 2025

Traded: −$1.5B
Buyers: 424
Sellers: 523
Total Bought: +$980.2M
Total Sold: −$2.4B
Avg Position: $10.8M

Biggest Buyers

Institution	Net Bought	Current Position
MORGAN STANLEY RIA/Wealth	+$273.2M +458.4K shares	$1.1B 1.8M shares
GOLDMAN SACHS GROUP INC Institution	+$112.8M +189.2K shares	$629.9M 1.1M shares
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	+$104.5M +175.3K shares	$469.8M 788.3K shares
BARCLAYS PLC Institution	+$85.9M +144.1K shares	$92.7M 155.5K shares
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Long Only Manager	+$68.2M +114.4K shares	$141.2M 236.8K shares
M MIRAE ASSET SECURITIES INC. Institution	+$33.3M +55.9K shares	$66.3M 111.3K shares
VESTOR CAPITAL CORP RIA/Wealth	+$18.3M +30.8K shares	$18.6M 31.2K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$16.0M +26.9K shares	$21.1M 35.4K shares
UBS Group AG Institution	+$15.7M +26.3K shares	$379.6M 636.9K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$14.5M +24.4K shares	$97.7M 163.9K shares

Biggest Sellers

Institution	Net Sold	Current Position
Kingstone Capital Partners Texas, LLC RIA/Wealth	−$1.6B −2.8M shares	Sold Off 0 shares
M MOORE CAPITAL MANAGEMENT, LP Hedge Fund•Global Macro	−$175.1M −293.7K shares	$202.7M 340.0K shares
BANK OF AMERICA CORP /DE/ Institution	−$108.4M −181.8K shares	$1.2B 2.1M shares
L Laurel Wealth Advisors LLC RIA/Wealth	−$78.6M −138.8K shares	Sold Off 0 shares
R ROYAL BANK OF CANADA Institution	−$58.4M −98.0K shares	$202.4M 339.5K shares
JPMORGAN CHASE & CO Institution	−$48.0M −80.6K shares	$199.7M 335.0K shares
S SG Americas Securities, LLC Institution	−$40.4M −67.8K shares	$22.1M 37.0K shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$29.1M −48.8K shares	$92.0M 154.3K shares
S Squarepoint Ops LLC Hedge Fund•Quant	−$25.2M −42.3K shares	$23.9M 40.2K shares
B BlackRock, Inc. Institution	−$19.0M −31.9K shares	$4.5M 7.6K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited MDY in Q3 2025

New Positions: 30
New Value: $12.8M
Exited Positions: 48
Exited Value: $1.7B

New Positions

Institution	Position Value
Berman McAleer LLC RIA/Wealth	$2.4M 4.0K shares
SUMMIT WEALTH GROUP LLC / CO RIA/Wealth	$2.0M 4.4K shares
VIRTUE ASSET MANAGEMENT LLC RIA/Wealth	$1.4M 2.4K shares
WJ Financial Advisors LLC RIA/Wealth	$1.2M 2.1K shares
C CSS LLC/IL Institution	$810.6K 1.4K shares
VestGen Advisors, LLC RIA/Wealth	$688.4K 1.2K shares
TradeLink Capital LLC Hedge Fund•Event Driven	$542.4K 910.0 shares
Siligmueller & Norvid Wealth Advisors LLC RIA/Wealth	$537.0K 901.0 shares
Prosperity Consulting Group, LLC RIA/Wealth	$422.0K 708.0 shares
S STEINBERGANNA WEALTH MANAGEMENT RIA/Wealth	$407.7K 684.0 shares

Exited Positions

Institution	Previous Position
Kingstone Capital Partners Texas, LLC RIA/Wealth	$1.6B 2.8M shares
L Laurel Wealth Advisors LLC RIA/Wealth	$78.6M 138.8K shares
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$9.1M 16.0K shares
O OLD MISSION CAPITAL LLC Institution	$8.8M 15.5K shares
S Symmetry Investments LP Institution	$7.5M 13.3K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$6.6M 11.6K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$4.1M 7.3K shares
WASHBURN CAPITAL MANAGEMENT, INC. RIA/Wealth	$3.2M 51.7K shares
J Jump Financial, LLC Institution	$2.5M 4.4K shares
Scientech Research LLC Hedge Fund•Market Neutral	$1.7M 3.0K shares

Options Activity

Institutions with the largest Call and Put options positions in MDY as of Q3 2025

Call Positions: 9
Call Value: $369.7M
Put Positions: 13
Put Value: $295.7M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$205.8M 3.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$99.6M 1.7K contracts
J JANE STREET GROUP, LLC Institution	$31.8M 533.0 contracts
Walleye Trading LLC RIA/Wealth	$13.4M 225.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$11.7M 197.0 contracts
W WOLVERINE TRADING, LLC Institution	$3.6M 61.0 contracts
C Cubist Systematic Strategies, LLC Institution	$2.0M 34.0 contracts
UBS Group AG Institution	$1.5M 25.0 contracts
BANK OF AMERICA CORP /DE/ Institution	$238.4K 4.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$192.1M 3.2K contracts
B BRANT POINT INVESTMENT MANAGEMENT LLC Hedge Fund•Long/Short	$35.8M 600.0 contracts
B BASSWOOD CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Long/Short	$27.6M 463.0 contracts
Walleye Trading LLC RIA/Wealth	$13.4M 225.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$10.3M 172.0 contracts
J JANE STREET GROUP, LLC Institution	$8.5M 142.0 contracts
R ROYAL BANK OF CANADA Institution	$4.7M 79.0 contracts
W WOLVERINE TRADING, LLC Institution	$2.1M 35.0 contracts
C Cubist Systematic Strategies, LLC Institution	$1.4M 23.0 contracts
Creative Planning RIA/Wealth	$1.0K 4.0 contracts

Most Committed Institutions

Institutions with MDY as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
LCM Capital Management Inc RIA/Wealth	Gary Michael Wozny CEO	12.53% $26.1M	43.8K shares	Q4 2020 Held for 4y 11m	$208.5M
Conservest Capital Advisors, Inc. RIA/Wealth	Keith Charles Goddard CEO	12.02% $129.8M	217.7K shares	Q1 2017 Held for 8y 8m	$1.1B
Divergent Planning, LLC RIA/Wealth	Matthew Barnes Brock Managing Partner	11.85% $44.6M	74.3K shares	Q1 2023 Held for 2y 8m	$376.5M
Oldfather Financial Services, LLC RIA/Wealth	William Alan Oldfather Member	10.20% $32.8M	55.0K shares	Q4 2019 Held for 5y 11m	$321.1M
CUMBERLAND ADVISORS INC Long Only Manager	Mark James Myers CEO	10.14% $26.4M	44.3K shares	Q4 2020 Held for 4y 11m	$260.5M
Tandem Wealth Advisors LLC RIA/Wealth	Chester Angus Schaal Managing Partner	8.73% $18.4M	30.8K shares	Q4 2022 Held for 2y 11m	$210.3M
A Arvest Trust Co Institution	-	8.61% $138.7M	232.6K shares	Q3 2024 Held for 1y 2m	$1.6B
Hummer Financial Advisory Services Inc RIA/Wealth	Melanie Susan Hummer CCO	7.72% $10.3M	17.2K shares	Q4 2019 Held for 5y 11m	$133.0M
WADDELL & ASSOCIATES, LLC RIA/Wealth	David Sewall Waddell CEO	7.52% $88.4M	148.3K shares	Q1 2020 Held for 5y 8m	$1.2B
N New Century Financial Group, LLC RIA/Wealth	Jon Paul Brouard President	7.12% $4.0M	6.7K shares	Q4 2024 Held for 11 months	$56.3M

Hedge Fund Spotlight

Discover hedge funds investing in MDY

GSA CAPITAL PARTNERS LLP

Hedge Fund • Quant

Portfolio ManagerDavid Khabie-Zeitoune

Portfolio Value: $1.1B
Positions: 1,504
Last Reported: Q3 2025

Sector Allocation

Position in SPDR S&P MidCap 400 ETF

Market Value: $2.1M
Shares Held: 3.5K
Portfolio Weight: 0.18%
Owned Since: 2024-Q3

Top Holding	Sector	Market Value	Weight
1 Accenture ACN	Information Technology Services Technology	$5.6M	0.50%
2 Sprouts Farmers Market SFM	Grocery Stores Consumer Defensive	$5.2M	0.46%
3 Microsoft MSFT	Software - Infrastructure Technology	$4.8M	0.43%