SPDR Portfolio Developed World ex-US ETF

SPDW • ARCA

SPDR Portfolio Developed World ex-US ETF is an exchange-traded fund on ARCA. As of Q3 2025, 1,044 institutional investors hold shares in this ETF, with total holdings valued at $24.2B. Creative Planning is the largest holder with a position valued at $4.8B.

Overview

Overview of institutional ownership in SPDW as of Q3 2025

All Institutions

Institutions: 1,044
Value Held: $24.2B
Shares Held: 565.1M
Avg Position: $23.2M
Median Position: $1.3M

Hedge Funds

Hedge Funds: 10
Value Held: $13.7M
Shares Held: 319.8K
Avg Position: $1.4M
Median Position: $856.9K

Biggest Investors

Institutions with the largest positions in SPDW as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Creative Planning RIA/Wealth	Peter Alex Mallouk CEO	$4.8B 3.69% of portfolio	112.8M shares	Q2 2014 Held for 11y 6m	$130.86B
F Financial Engines Advisors L.L.C. Institution	-	$2.5B 4.78% of portfolio	58.5M shares	Q1 2019 Held for 6y 9m	$52.4B
L LPL Financial LLC Institution	-	$1.5B 0.43% of portfolio	34.1M shares	≤ Q2 2013 Held for 12y 6m+	$340.07B
Hanson McClain, Inc. RIA/Wealth	Jordan Jacob Bastable Managing Partner	$1.3B 5.63% of portfolio	29.7M shares	Q1 2018 Held for 7y 9m	$22.6B
A Auto-Owners Insurance Co Institution	-	$651.7M 17.22% of portfolio	15.2M shares	Q4 2022 Held for 3 years	$3.8B
CWM, LLC RIA/Wealth	George Burton White CEO	$626.2M 1.99% of portfolio	14.6M shares	Q4 2021 Held for 4 years	$31.5B
T TIAA TRUST, NATIONAL ASSOCIATION Institution	-	$583.3M 1.41% of portfolio	13.6M shares	Q3 2023 Held for 2y 3m	$41.2B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$436.1M 0.03% of portfolio	10.2M shares	≤ Q2 2013 Held for 12y 6m+	$1.65T
UBS Group AG Institution	Sergio P. Ermotti CEO	$360.0M 0.07% of portfolio	8.4M shares	Q4 2014 Held for 11 years	$511.60B
Betterment LLC RIA/Wealth	Sarah Kirshbaum Levy CEO	$320.8M 0.68% of portfolio	7.5M shares	Q4 2021 Held for 4 years	$47.3B

Net Capital Flow

Institutional buying and selling activity for SPDW in Q3 2025

Traded: +$1.5B
Buyers: 512
Sellers: 398
Total Bought: +$2.0B
Total Sold: −$491.6M
Avg Position: $22.1M

Biggest Buyers

Institution	Net Bought	Current Position
Creative Planning RIA/Wealth	+$561.8M +13.1M shares	$4.8B 112.8M shares
V VANTAGEPOINT INVESTMENT ADVISERS LLC Institution	+$279.1M +6.5M shares	$279.1M 6.5M shares
L LPL Financial LLC Institution	+$173.1M +4.0M shares	$1.5B 34.1M shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	+$80.1M +1.9M shares	$80.1M 1.9M shares
MORGAN STANLEY RIA/Wealth	+$55.8M +1.3M shares	$436.1M 10.2M shares
STATE STREET CORP Institution	+$52.6M +1.2M shares	$252.4M 5.9M shares
PFG Financial Advisors RIA/Wealth	+$47.1M +1.1M shares	$54.3M 1.3M shares
HighTower Advisors, LLC RIA/Wealth	+$41.4M +968.6K shares	$154.0M 3.6M shares
S STIFEL FINANCIAL CORP Long Only Manager	+$34.5M +806.2K shares	$205.0M 4.8M shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	+$31.0M +724.2K shares	$315.4M 7.4M shares

Biggest Sellers

Institution	Net Sold	Current Position
A Auto-Owners Insurance Co Institution	−$100.4M −2.3M shares	$651.7M 15.2M shares
Hanson McClain, Inc. RIA/Wealth	−$96.4M −2.3M shares	$1.3B 29.7M shares
F Financial Engines Advisors L.L.C. Institution	−$53.8M −1.3M shares	$2.5B 58.5M shares
SRS Capital Advisors, Inc. RIA/Wealth	−$22.6M −557.5K shares	Sold Off 0 shares
A Atlas Private Wealth Advisors RIA/Wealth	−$16.5M −385.8K shares	$23.4M 547.0K shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	−$15.2M −355.0K shares	$244.9M 5.7M shares
Betterment LLC RIA/Wealth	−$9.8M −228.8K shares	$320.8M 7.5M shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC RIA/Wealth	−$7.3M −169.6K shares	$80.4M 1.9M shares
MML INVESTORS SERVICES, LLC RIA/Wealth	−$7.0M −164.2K shares	$72.1M 1.7M shares
TOWNSQUARE CAPITAL LLC RIA/Wealth	−$6.2M −144.5K shares	$6.0M 140.9K shares

Entry and Exit Activity

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

New Positions: 48
New Value: $383.6M
Exited Positions: 50
Exited Value: $42.8M

New Positions

Institution	Position Value
V VANTAGEPOINT INVESTMENT ADVISERS LLC Institution	$279.1M 6.5M shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	$80.1M 1.9M shares
Oregon Pacific Wealth Management, LLC RIA/Wealth	$6.6M 153.2K shares
Maridea Wealth Management LLC RIA/Wealth	$2.0M 46.1K shares
Apeiron RIA LLC RIA/Wealth	$1.8M 41.2K shares
A4 Wealth Advisors LLC RIA/Wealth	$1.4M 32.8K shares
JIM SAULNIER & ASSOCIATES, LLC RIA/Wealth	$1.2M 27.6K shares
Chicago Capital, LLC RIA/Wealth	$855.8K 20.0K shares
Evergreen Wealth Solutions, LLC RIA/Wealth	$772.3K 18.0K shares
Turtle Creek Wealth Advisors, LLC Family Office	$695.6K 16.3K shares

Exited Positions

Institution	Previous Position
SRS Capital Advisors, Inc. RIA/Wealth	$22.6M 557.5K shares
Financial Advocates Investment Management RIA/Wealth	$2.4M 60.1K shares
Armis Advisers, LLC RIA/Wealth	$2.2M 55.3K shares
S SWMG, LLC Institution	$1.7M 41.5K shares
L2 Asset Management, LLC Hedge Fund•Long/Short	$1.6M 40.2K shares
True North Advisors, LLC RIA/Wealth	$1.5M 37.5K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$1.4M 34.5K shares
O OLD MISSION CAPITAL LLC Institution	$1.2M 29.1K shares
Jackson Creek Investment Advisors LLC Long Only Manager	$1.1M 26.5K shares
M Holdings Securities, Inc. RIA/Wealth	$787.9K 19.5K shares

Options Activity

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

Call Positions: 1
Call Value: $201.1K
Put Positions: 1
Put Value: $544.6K

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$201.1K 47.0 contracts

Put Positions

Institution	Position Value
MOSAIC FAMILY WEALTH PARTNERS, LLC RIA/Wealth	$544.6K 127.7 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
McNamara Financial Services, Inc. RIA/Wealth	Justin Jacobson Mcnamara President	17.28% $93.0M	2.2M shares	Q4 2017 Held for 8 years	$538.1M
A Auto-Owners Insurance Co Institution	-	17.22% $651.7M	15.2M shares	Q4 2022 Held for 3 years	$3.8B
TRUEFG, LLC RIA/Wealth	Marie Elizabeth Freemyer Managing Partner	16.46% $59.6M	1.4M shares	Q4 2019 Held for 6 years	$362.0M
Stadion Money Management, LLC Long Only Manager	Duane Leo Bernt CEO	16.28% $203.8M	4.8M shares	Q1 2017 Held for 8y 9m	$1.3B
Strategies Wealth Advisors, LLC RIA/Wealth	Aaron J Veldheer Managing Partner	15.02% $144.4M	3.4M shares	Q4 2022 Held for 3 years	$961.5M
Higgins & Schmidt Wealth Strategies LLC RIA/Wealth	Molly Jeanne Cooper CCO	14.30% $28.3M	661.5K shares	Q4 2023 Held for 2 years	$198.0M
T Treasure Coast Financial Planning RIA/Wealth	James Barber Twining CEO	13.18% $23.4M	547.1K shares	Q4 2021 Held for 4 years	$177.6M
RESTON WEALTH MANAGEMENT LLC RIA/Wealth	Robert Eugene Tucker Managing Partner	12.50% $38.7M	904.6K shares	Q4 2019 Held for 6 years	$309.7M
LANDMARK WEALTH MANAGEMENT, INC. RIA/Wealth	Krista Dawn Mcbeath President	11.46% $28.8M	672.5K shares	Q2 2024 Held for 1y 6m	$251.1M
Peterson Wealth Advisors, LLC RIA/Wealth	Scott Martin Peterson Managing Partner	10.46% $69.9M	1.6M shares	Q1 2018 Held for 7y 9m	$668.6M

Hedge Fund Spotlight

Discover hedge funds investing in SPDW

AQR CAPITAL MANAGEMENT LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerJohn Mihn Soo Liew

Portfolio Value: $156.17B
Positions: 3,454
Last Reported: Q3 2025

Sector Allocation

Position in SPDR Portfolio Developed World ex-US ETF

Market Value: $3.9M
Shares Held: 90.6K
Portfolio Weight: 0.00%
Owned Since: 2024-Q2

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$4.1B	2.62%
2 Microsoft MSFT	Software - Infrastructure Technology	$3.2B	2.05%
3 Apple AAPL	Consumer Electronics Technology	$2.8B	1.76%