SPDR S&P 400 Mid Cap Value ETF

MDYV • ARCA

SPDR S&P 400 Mid Cap Value ETF is an exchange-traded fund on ARCA. As of Q3 2025, 357 institutional investors hold shares in this ETF, with total holdings valued at $1.8B. WEALTH ENHANCEMENT ADVISORY SERVICES, LLC is the largest holder with a position valued at $178.8M.

Overview

Overview of institutional ownership in MDYV as of Q3 2025

All Institutions

Institutions: 357
Value Held: $1.8B
Shares Held: 22.1M
Avg Position: $5.2M
Median Position: $544.5K

Hedge Funds

Hedge Funds: 2
Value Held: $2.4M
Shares Held: 28.8K
Avg Position: $1.2M
Median Position: $1.2M

Biggest Investors

Institutions with the largest positions in MDYV as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC RIA/Wealth	James Loren Cahn Chairman	$178.8M 0.27% of portfolio	2.1M shares	Q1 2023 Held for 2y 8m	$65.5B
NorthRock Partners, LLC RIA/Wealth	Robert Dean Nelson CEO	$110.2M 2.17% of portfolio	1.3M shares	Q2 2019 Held for 6y 5m	$5.1B
F Financial Engines Advisors L.L.C. Institution	-	$106.7M 0.20% of portfolio	1.3M shares	Q3 2017 Held for 8y 2m	$52.4B
L LPL Financial LLC Institution	-	$86.8M 0.03% of portfolio	1.0M shares	≤ Q2 2013 Held for 12y 5m+	$340.07B
HONKAMP KRUEGER FINANCIAL SERVICES INC /ADV RIA/Wealth	Joseph Daniel Neary President	$69.6M 2.00% of portfolio	834.3K shares	Q4 2016 Held for 8y 11m	$3.5B
Lutz Financial Services LLC RIA/Wealth	Joshua R Jenkins CIO	$60.6M 4.38% of portfolio	726.2K shares	Q1 2019 Held for 6y 8m	$1.4B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$55.6M 0.00% of portfolio	666.2K shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
AE Wealth Management LLC RIA/Wealth	David James Callanan CEO	$55.2M 0.36% of portfolio	661.7K shares	Q1 2022 Held for 3y 8m	$15.2B
Financial Advisory Service, Inc. RIA/Wealth	John T Meier President	$50.0M 3.40% of portfolio	599.5K shares	Q4 2015 Held for 9y 11m	$1.5B
S STIFEL FINANCIAL CORP Long Only Manager	Adam Vartan Topalian CIO	$47.8M 0.04% of portfolio	572.9K shares	Q2 2016 Held for 9y 5m	$109.37B

Net Capital Flow

Institutional buying and selling activity for MDYV in Q3 2025

Traded: −$37.6M
Buyers: 133
Sellers: 183
Total Bought: +$92.3M
Total Sold: −$129.9M
Avg Position: $4.8M

Biggest Buyers

Institution	Net Bought	Current Position
HONKAMP KRUEGER FINANCIAL SERVICES INC /ADV RIA/Wealth	+$30.1M +361.4K shares	$69.6M 834.3K shares
Cetera Investment Advisers RIA/Wealth	+$9.9M +119.2K shares	$27.4M 328.2K shares
AE Wealth Management LLC RIA/Wealth	+$7.7M +92.7K shares	$55.2M 661.7K shares
Redwood Investment Management, LLC Long Only Manager	+$4.7M +56.1K shares	$5.0M 60.5K shares
J JONES FINANCIAL COMPANIES LLLP Institution	+$4.6M +55.4K shares	$16.4M 196.2K shares
B BNP PARIBAS ARBITRAGE, SA Institution	+$4.2M +50.0K shares	$4.2M 50.0K shares
Steward Partners Investment Advisory, LLC RIA/Wealth	+$2.9M +34.5K shares	$3.0M 36.4K shares
Intrua Financial, LLC RIA/Wealth	+$2.3M +27.5K shares	$2.3M 27.5K shares
Lutz Financial Services LLC RIA/Wealth	+$2.1M +25.0K shares	$60.6M 726.2K shares
JPMORGAN CHASE & CO Institution	+$1.9M +22.3K shares	$3.7M 44.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
S STIFEL FINANCIAL CORP Long Only Manager	−$22.5M −269.6K shares	$47.8M 572.9K shares
B BENJAMIN EDWARDS INC Institution	−$20.1M −241.0K shares	$39.5M 473.9K shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC RIA/Wealth	−$10.8M −129.4K shares	$178.8M 2.1M shares
CONFLUENCE INVESTMENT MANAGEMENT LLC Long Only Manager	−$10.0M −120.4K shares	$15.7M 187.8K shares
MORGAN STANLEY RIA/Wealth	−$6.0M −71.3K shares	$55.6M 666.2K shares
Eqis Capital Management, Inc. RIA/Wealth	−$4.3M −52.1K shares	$640.5K 7.7K shares
NorthRock Partners, LLC RIA/Wealth	−$4.0M −48.4K shares	$110.2M 1.3M shares
IMC-Chicago, LLC RIA/Wealth	−$3.7M −46.2K shares	Sold Off 0 shares
L LPL Financial LLC Institution	−$3.4M −40.8K shares	$86.8M 1.0M shares
TITLEIST ASSET MANAGEMENT, LLC RIA/Wealth	−$2.5M −30.0K shares	$2.3M 27.4K shares

Entry and Exit Activity

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

New Positions: 12
New Value: $4.6M
Exited Positions: 31
Exited Value: $12.1M

New Positions

Institution	Position Value
Berman McAleer LLC RIA/Wealth	$1.4M 16.6K shares
Quantinno Capital Management LP Hedge Fund•Market Neutral	$907.4K 10.9K shares
QRG CAPITAL MANAGEMENT, INC. Long Only Manager	$493.6K 5.9K shares
Concurrent Investment Advisors, LLC RIA/Wealth	$479.7K 5.8K shares
CULTIVAR CAPITAL, INC. RIA/Wealth	$290.3K 3.5K shares
VisionPoint Advisory Group, LLC RIA/Wealth	$256.9K 3.1K shares
F Freestone Capital Holdings, LLC RIA/Wealth	$251.7K 3.0K shares
A Annex Advisory Services, LLC Institution	$220.2K 2.6K shares
P PDS Planning, Inc RIA/Wealth	$205.8K 2.5K shares
ATWOOD & PALMER INC RIA/Wealth	$61.5K 737.0 shares

Exited Positions

Institution	Previous Position
IMC-Chicago, LLC RIA/Wealth	$3.7M 46.2K shares
A ATRIA INVESTMENTS LLC Institution	$760.9K 9.6K shares
Mount Yale Investment Advisors, LLC RIA/Wealth	$722.8K 9.1K shares
Advance Capital Management, Inc. RIA/Wealth	$722.1K 9.1K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$691.0K 8.7K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$669.2K 8.4K shares
Net Worth Advisory Group RIA/Wealth	$592.5K 7.5K shares
S Strategic Financial Concepts, LLC RIA/Wealth	$484.9K 6.1K shares
Financial Advocates Investment Management RIA/Wealth	$471.4K 5.9K shares
S SWMG, LLC Institution	$437.6K 5.3K shares

Options Activity

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

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Michael S. Ryan, Inc. RIA/Wealth	Michael Sean Ryan President	6.18% $10.4M	124.2K shares	Q2 2023 Held for 2y 5m	$167.6M
BALANCED WEALTH GROUP LLC RIA/Wealth	Matthew Christopher Daugherty CEO	5.39% $12.3M	151.7K shares	Q4 2023 Held for 1y 11m	$227.7M
Lutz Financial Services LLC RIA/Wealth	Joshua R Jenkins CIO	4.38% $60.6M	726.2K shares	Q1 2019 Held for 6y 8m	$1.4B
F First Pacific Financial RIA/Wealth	Todd Robert Engblom-Stryker CEO	4.21% $30.3M	363.1K shares	Q3 2020 Held for 5y 2m	$719.8M
C Convergence Financial, LLC RIA/Wealth	Travis Earl Cook CEO	3.75% $25.0M	299.5K shares	Q4 2021 Held for 3y 11m	$665.9M
Financial Advisory Service, Inc. RIA/Wealth	John T Meier President	3.40% $50.0M	599.5K shares	Q4 2015 Held for 9y 11m	$1.5B
C Canandaigua National Trust Co of Florida Institution	-	3.12% $3.9M	47.2K shares	Q3 2024 Held for 1y 2m	$126.2M
E ERn Financial, LLC RIA/Wealth	Ernest Patrick Moosherr CEO	3.09% $15.6M	187.6K shares	Q4 2018 Held for 6y 11m	$506.5M
Private Wealth Management Group, LLC RIA/Wealth	Scott Richard Brown Managing Partner	2.96% $10.8M	129.1K shares	Q4 2023 Held for 1y 11m	$363.3M
C CANANDAIGUA NATIONAL BANK & TRUST CO Institution	-	2.91% $32.8M	393.2K shares	Q2 2024 Held for 1y 5m	$1.1B

Hedge Fund Spotlight

Discover hedge funds investing in MDYV

Quantinno Capital Management LP

Hedge Fund • Market Neutral

Portfolio ManagerHoon Nmn Kim

Portfolio Value: $36.6B
Positions: 2,911
Last Reported: Q3 2025

Sector Allocation

Position in SPDR S&P 400 Mid Cap Value ETF

Market Value: $907.4K
Shares Held: 10.9K
Portfolio Weight: 0.00%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$2.1B	5.71%
2 Apple AAPL	Consumer Electronics Technology	$1.9B	5.06%
3 Microsoft MSFT	Software - Infrastructure Technology	$1.4B	3.93%