SPDR Dow Jones REIT

RWR • ARCA

SPDR Dow Jones REIT is an exchange-traded fund on ARCA. As of Q3 2025, 243 institutional investors hold shares in this ETF, with total holdings valued at $1.1B. NORTHERN TRUST CORP is the largest holder with a position valued at $259.6M.

Overview

Overview of institutional ownership in RWR as of Q3 2025

All Institutions

Institutions: 243
Value Held: $1.1B
Shares Held: 11.3M
Avg Position: $4.6M
Median Position: $303.1K

Hedge Funds

Hedge Funds: 4
Value Held: $42.1M
Shares Held: 419.7K
Avg Position: $10.5M
Median Position: $1.5M

Biggest Investors

Institutions with the largest positions in RWR as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$259.6M 0.03% of portfolio	2.6M shares	≤ Q2 2013 Held for 12y 5m+	$782.01B
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	Omar Aguilar Chavez CEO	$209.9M 0.03% of portfolio	2.1M shares	Q1 2020 Held for 5y 8m	$620.51B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$67.7M 0.00% of portfolio	674.7K shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$44.8M 0.01% of portfolio	446.5K shares	≤ Q2 2013 Held for 12y 5m+	$488.50B
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$38.9M 0.03% of portfolio	387.7K shares	Q2 2025 Held for 5 months	$121.98B
M MASON STREET ADVISORS, LLC Insurance Manager	Bonnie Lynn Tomczak Chairman	$35.7M 3.70% of portfolio	355.8K shares	Q2 2024 Held for 1y 5m	$964.8M
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$34.2M 0.00% of portfolio	341.3K shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
L LPL Financial LLC Institution	-	$32.0M 0.01% of portfolio	319.4K shares	≤ Q2 2013 Held for 12y 5m+	$340.07B
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	-	$29.0M 0.02% of portfolio	289.0K shares	≤ Q2 2013 Held for 12y 5m+	$149.83B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$28.4M 0.01% of portfolio	282.8K shares	≤ Q2 2013 Held for 12y 5m+	$341.99B

Net Capital Flow

Institutional buying and selling activity for RWR in Q3 2025

Traded: −$64.2M
Buyers: 89
Sellers: 117
Total Bought: +$80.6M
Total Sold: −$144.7M
Avg Position: $4.1M

Biggest Buyers

Institution	Net Bought	Current Position
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$15.9M +158.2K shares	$38.9M 387.7K shares
C CAPITAL ADVISORS INC/OK Institution	+$11.9M +118.3K shares	$11.9M 118.3K shares
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	+$10.6M +105.7K shares	$209.9M 2.1M shares
E EVERGREEN CAPITAL MANAGEMENT LLC Institution	+$5.0M +50.3K shares	$9.6M 96.2K shares
B BlackRock, Inc. Institution	+$4.9M +48.5K shares	$20.7M 206.7K shares
STATE STREET CORP Institution	+$3.7M +-375.4K shares	$3.7M 36.7K shares
M MASON STREET ADVISORS, LLC Insurance Manager	+$3.5M +35.3K shares	$35.7M 355.8K shares
Vestmark Advisory Solutions, Inc. Fund of Funds	+$3.0M +29.6K shares	$3.0M 29.6K shares
NFP Retirement, Inc. RIA/Wealth	+$2.9M +29.7K shares	$5.4M 54.5K shares
B BNP PARIBAS ARBITRAGE, SA Institution	+$2.5M +25.3K shares	$7.0M 70.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
NORTHERN TRUST CORP Institution	−$29.4M −293.0K shares	$259.6M 2.6M shares
L LPL Financial LLC Institution	−$16.9M −168.3K shares	$32.0M 319.4K shares
GENWORTH FINANCIAL WEALTH MANAGEMENT, INC Long Only Manager	−$15.9M −158.3K shares	$3.7M 36.9K shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$14.1M −140.8K shares	$28.4M 282.8K shares
Envestnet Portfolio Solutions, Inc. Long Only Manager	−$13.5M −134.8K shares	$1.5M 14.7K shares
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	−$9.7M −97.1K shares	$29.0M 289.0K shares
L Laurel Wealth Advisors LLC RIA/Wealth	−$4.2M −43.1K shares	Sold Off 0 shares
Goss Wealth Management LLC RIA/Wealth	−$2.9M −29.3K shares	$770.5K 7.7K shares
PARK AVENUE SECURITIES LLC RIA/Wealth	−$2.9M −28.6K shares	$1.5M 14.8K shares
LANDMARK WEALTH MANAGEMENT, INC. RIA/Wealth	−$2.8M −29.2K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 8
New Value: $7.7M
Exited Positions: 31
Exited Value: $18.8M

New Positions

Institution	Position Value
Vestmark Advisory Solutions, Inc. Fund of Funds	$3.0M 29.6K shares
O Onyx Bridge Wealth Group LLC RIA/Wealth	$2.3M 23.1K shares
Mount Yale Investment Advisors, LLC RIA/Wealth	$1.5M 15.4K shares
Massey, Quick & Co., LLC RIA/Wealth	$696.2K 6.9K shares
Steigerwald, Gordon & Koch Inc. RIA/Wealth	$85.2K 850.0 shares
S SMITHFIELD TRUST CO Institution	$20.1K 200.0 shares
Triumph Capital Management RIA/Wealth	$15.8K 158.0 shares
Strategic Advocates LLC RIA/Wealth	$9.5K 95.0 shares

Exited Positions

Institution	Previous Position
L Laurel Wealth Advisors LLC RIA/Wealth	$4.2M 43.1K shares
LANDMARK WEALTH MANAGEMENT, INC. RIA/Wealth	$2.8M 29.2K shares
Signal Advisors Wealth, LLC RIA/Wealth	$2.0M 20.5K shares
Change Path, LLC RIA/Wealth	$1.1M 11.4K shares
F FLOW TRADERS U.S. LLC Institution	$911.8K 9.5K shares
AXXCESS WEALTH MANAGEMENT, LLC RIA/Wealth	$751.6K 7.8K shares
NOVUS ADVISORS, LLC RIA/Wealth	$648.1K 6.7K shares
VisionPoint Advisory Group, LLC RIA/Wealth	$635.7K 6.6K shares
GeoWealth Management, LLC RIA/Wealth	$610.7K 6.3K shares
A Ascent Group, LLC Institution	$544.7K 5.6K shares

Options Activity

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

Call Positions: 1
Call Value: $1.1M
Put Positions: 2
Put Value: $1.4M

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.1M 112.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.0M 100.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$421.2K 42.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Frederick Financial Consultants, LLC RIA/Wealth	David Lytal Fountain President	5.79% $10.3M	102.4K shares	Q4 2024 Held for 11 months	$177.3M
M MASON STREET ADVISORS, LLC Insurance Manager	Bonnie Lynn Tomczak Chairman	3.70% $35.7M	355.8K shares	Q2 2024 Held for 1y 5m	$964.8M
P Patton Fund Management, Inc. Institution	-	2.18% $12.1M	121.0K shares	Q2 2019 Held for 6y 5m	$556.3M
Smallwood Wealth Investment Management, LLC RIA/Wealth	Brooks Frederick Burgum Managing Partner	0.97% $1.9M	18.9K shares	Q4 2021 Held for 3y 11m	$194.6M
Aspire Private Capital, LLC RIA/Wealth	Andrew Jackson Armstrong Managing Partner	0.67% $3.1M	32.5K shares	Q2 2025 Held for 5 months	$464.8M
A Adams Wealth Management Institution	-	0.63% $2.8M	27.8K shares	Q3 2024 Held for 1y 2m	$440.7M
Destiny Capital Corp/CO RIA/Wealth	Timothy Colin Doyle CIO	0.61% $1.1M	11.2K shares	Q4 2023 Held for 1y 11m	$183.4M
C CacheTech Inc. Hedge Fund•Multi-Strategy	Patrick Cormac Murphy CEO	0.60% $2.8M	27.8K shares	Q3 2024 Held for 1y 2m	$468.6M
D DT Investment Partners, LLC RIA/Wealth	Jonathan Darrell Smith CEO	0.59% $7.0M	70.0K shares	Q2 2024 Held for 1y 5m	$1.2B
C CAMELOT TECHNOLOGY ADVISORS, INC. Institution	-	0.54% $670.7K	6.7K shares	Q4 2023 Held for 1y 11m	$124.3M

Hedge Fund Spotlight

Discover hedge funds investing in RWR

PHILADELPHIA TRUST CO

Hedge Fund • Long/Short

Portfolio ManagerAndrew Larkin Peek

Portfolio Value: $1.4B
Positions: 236
Last Reported: Q3 2025

Sector Allocation

Position in SPDR Dow Jones REIT

Market Value: $202.9K
Shares Held: 2.0K
Portfolio Weight: 0.01%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$199.0M	14.45%
2 Apple AAPL	Consumer Electronics Technology	$67.6M	4.91%
3 Microsoft MSFT	Software - Infrastructure Technology	$65.5M	4.76%