SPDR Portfolio S&P 500 ETF

SPLG • ARCA

SPDR Portfolio S&P 500 ETF is an exchange-traded fund on ARCA. As of Q3 2025, 1,383 institutional investors hold shares in this ETF, with total holdings valued at $61.9B. Betterment LLC is the largest holder with a position valued at $6.2B.

Overview

Overview of institutional ownership in SPLG as of Q3 2025

All Institutions

Institutions: 1,383
Value Held: $61.9B
Shares Held: 790.8M
Avg Position: $44.8M
Median Position: $2.0M

Hedge Funds

Hedge Funds: 22
Value Held: $779.9M
Shares Held: 10.0M
Avg Position: $35.4M
Median Position: $1.9M

Biggest Investors

Institutions with the largest positions in SPLG as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Betterment LLC RIA/Wealth	Sarah Kirshbaum Levy CEO	$6.2B 13.01% of portfolio	78.5M shares	Q4 2021 Held for 3y 11m	$47.3B
U USS Investment Management Ltd Institution	-	$5.2B 23.66% of portfolio	66.4M shares	Q1 2025 Held for 8 months	$22.0B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$5.1B 0.38% of portfolio	65.4M shares	Q3 2015 Held for 10y 2m	$1.33T
J JONES FINANCIAL COMPANIES LLLP Institution	-	$4.0B 2.71% of portfolio	51.0M shares	Q4 2023 Held for 1y 11m	$146.70B
L LPL Financial LLC Institution	-	$3.8B 1.12% of portfolio	48.5M shares	Q1 2015 Held for 10y 8m	$340.07B
Creative Planning RIA/Wealth	Peter Alex Mallouk CEO	$2.5B 1.92% of portfolio	32.0M shares	Q4 2017 Held for 7y 11m	$130.86B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$1.3B 0.39% of portfolio	16.9M shares	Q3 2018 Held for 7y 2m	$341.99B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$1.1B 0.07% of portfolio	14.2M shares	Q4 2013 Held for 11y 11m	$1.65T
K Kedalion Capital Management LLP Institution	Philip Nordell Carey CEO	$1.0B 37.91% of portfolio	12.9M shares	Q2 2025 Held for 5 months	$2.7B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$828.7M 0.13% of portfolio	10.6M shares	Q3 2023 Held for 2y 2m	$633.08B

Net Capital Flow

Institutional buying and selling activity for SPLG in Q3 2025

Net Flow: +$6.4B
Buyers: 678
Sellers: 489
Total Bought: +$7.6B
Total Sold: −$1.2B
Avg Position: $46.1M

Biggest Buyers

Institution	Net Bought	Current Position
U USS Investment Management Ltd Institution	+$1.9B +24.8M shares	$5.2B 66.4M shares
NISSAY ASSET MANAGEMENT CORP /JAPAN/ /ADV Insurance Manager	+$699.2M +8.9M shares	$782.6M 10.0M shares
J JONES FINANCIAL COMPANIES LLLP Institution	+$528.0M +6.8M shares	$4.0B 51.0M shares
BANK OF AMERICA CORP /DE/ Institution	+$473.1M +6.0M shares	$5.1B 65.4M shares
K Kedalion Capital Management LLP Institution	+$459.8M +5.9M shares	$1.0B 12.9M shares
Betterment LLC RIA/Wealth	+$363.2M +4.6M shares	$6.2B 78.5M shares
L LPL Financial LLC Institution	+$292.0M +3.7M shares	$3.8B 48.5M shares
Miracle Mile Advisors, LLC RIA/Wealth	+$218.6M +2.8M shares	$219.1M 2.8M shares
E EXCHANGE TRADED CONCEPTS, LLC Institution	+$199.5M +2.5M shares	$387.9M 5.0M shares
PFG Financial Advisors RIA/Wealth	+$107.4M +1.4M shares	$111.1M 1.4M shares

Biggest Sellers

Institution	Net Sold	Current Position
E Endurance Services Ltd Institution	−$205.8M −2.8M shares	Sold Off 0 shares
M Mizuho Bank, Ltd. Institution	−$79.1M −1.0M shares	$85.4M 1.1M shares
NEPC LLC Fund of Funds	−$70.8M −973.6K shares	Sold Off 0 shares
Duncan Williams Asset Management, LLC RIA/Wealth	−$66.4M −913.4K shares	Sold Off 0 shares
NGAM ADVISORS, L.P. Long Only Manager	−$48.7M −621.6K shares	$193.9M 2.5M shares
Compass Ion Advisors, LLC RIA/Wealth	−$46.3M −590.8K shares	$45.9M 585.4K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$38.8M −495.4K shares	$841.3K 10.7K shares
Advance Capital Management, Inc. RIA/Wealth	−$34.9M −445.3K shares	$594.2M 7.6M shares
B BANK HAPOALIM BM Institution	−$33.4M −459.0K shares	Sold Off 0 shares
L Leo Wealth, LLC Institution	−$26.6M −366.6K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 82
New Value: $838.9M
Exited Positions: 53
Exited Value: $488.4M

New Positions

Institution	Position Value
V VANTAGEPOINT INVESTMENT ADVISERS LLC Institution	$320.5M 4.1M shares
Wright Fund Managment, LLC Long Only Manager	$161.3M 2.1M shares
A ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP Institution	$101.8M 1.3M shares
Revere Asset Management, Inc RIA/Wealth	$89.9M 1.1M shares
S Solitude Financial Services RIA/Wealth	$62.3M 795.8K shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	$33.8M 431.0K shares
Integrity Advisory Solutions, LLC RIA/Wealth	$9.4M 119.6K shares
Summit Financial, LLC RIA/Wealth	$7.2M 92.0K shares
Maridea Wealth Management LLC RIA/Wealth	$5.1M 64.5K shares
A4 Wealth Advisors LLC RIA/Wealth	$4.1M 52.7K shares

Exited Positions

Institution	Previous Position
E Endurance Services Ltd Institution	$205.8M 2.8M shares
NEPC LLC Fund of Funds	$70.8M 973.6K shares
Duncan Williams Asset Management, LLC RIA/Wealth	$66.4M 913.4K shares
B BANK HAPOALIM BM Institution	$33.4M 459.0K shares
L Leo Wealth, LLC Institution	$26.6M 366.6K shares
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$16.3M 223.6K shares
Tradewinds, LLC. RIA/Wealth	$14.5M 199.6K shares
Financial Advocates Investment Management RIA/Wealth	$12.7M 174.2K shares
M Moloney Securities Asset Management, LLC RIA/Wealth	$8.1M 111.8K shares
O OLD MISSION CAPITAL LLC Institution	$7.8M 107.3K shares

Options Activity

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

Call Positions: 7
Call Value: $73.0M
Put Positions: 7
Put Value: $118.9M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$20.1M 2.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$19.6M 2.5K contracts
J JANE STREET GROUP, LLC Institution	$15.4M 2.0K contracts
R ROYAL BANK OF CANADA Institution	$13.5M 1.7K contracts
W WOLVERINE TRADING, LLC Institution	$2.8M 353.0 contracts
O OLD MISSION CAPITAL LLC Institution	$1.0M 1.2K contracts
E EXCHANGE TRADED CONCEPTS, LLC Institution	$611.1K 78.0 contracts

Put Positions

Institution	Position Value
GOLDMAN SACHS GROUP INC Institution	$43.7M 5.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$27.0M 3.5K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$26.5M 3.4K contracts
R ROYAL BANK OF CANADA Institution	$12.4M 1.6K contracts
J JANE STREET GROUP, LLC Institution	$7.5M 954.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.8M 228.0 contracts
O OLD MISSION CAPITAL LLC Institution	$7.2K 191.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Brown Financial Advisory RIA/Wealth	Daniel Scott Mcleod CEO	47.10% $80.4M	1.0M shares	Q4 2020 Held for 4y 11m	$170.6M
Sterling Group Wealth Management, LLC RIA/Wealth	Charles Hunt Salembier Managing Partner	40.08% $80.9M	1.0M shares	Q4 2023 Held for 1y 11m	$201.9M
K Kedalion Capital Management LLP Institution	Philip Nordell Carey CEO	37.91% $1.0B	12.9M shares	Q2 2025 Held for 5 months	$2.7B
Revere Asset Management, Inc RIA/Wealth	Daniel Martin Stewart CEO	34.12% $89.9M	1.1M shares	Q3 2025 Held for 2 months	$263.4M
MONTICELLO WEALTH MANAGEMENT, LLC RIA/Wealth	Todd Lee Brockwell President	29.99% $442.5M	5.6M shares	Q2 2023 Held for 2y 5m	$1.5B
W Wise Wealth Partners RIA/Wealth	Stephanie Elizabeth Meket Managing Partner	29.54% $18.8M	239.7K shares	Q4 2024 Held for 11 months	$63.6M
TIG Advisors, LLC Hedge Fund•Multi-Strategy	Kevin Patrick Moran President	28.89% $464.5M	5.9M shares	Q2 2025 Held for 5 months	$1.6B
Private Wealth Group, LLC RIA/Wealth	Stephen Frank Segundo Managing Partner	28.47% $57.2M	730.3K shares	Q1 2020 Held for 5y 8m	$201.0M
New Perspectives, Inc RIA/Wealth	Nancy Lottridge Anderson President	27.40% $57.2M	730.7K shares	Q1 2024 Held for 1y 8m	$208.9M
Peterson Wealth Advisors, LLC RIA/Wealth	Scott Martin Peterson Managing Partner	27.08% $181.1M	2.3M shares	Q4 2017 Held for 7y 11m	$668.6M

Hedge Fund Spotlight

Discover hedge funds investing in SPLG

WELCH CAPITAL PARTNERS LLC/NY

Hedge Fund • Long/Short

Portfolio ManagerLeighton Bridge Welch

Portfolio Value: $485.5M
Positions: 26
Last Reported: Q3 2025

Sector Allocation

Position in SPDR Portfolio S&P 500 ETF

Market Value: $11.8M
Shares Held: 150.4K
Portfolio Weight: 2.43%
Owned Since: 2023-Q3

Top Holding	Sector	Market Value	Weight
1 Vanguard S&P 500 ETF VOO	ETF ETF	$217.9M	44.87%
2 SPDR S&P 500 ETF Trust SPY	ETF ETF	$138.7M	28.56%
3 Blackstone BX	Asset Management Financial Services	$28.8M	5.94%