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As of the latest SEC filings, SPDR S&P 500 ETF TRUST (SPY) is held by 139 institutional funds. The largest fund shareholder is Swan Hedged Equity US Large Cap ETF (HEGD), holding an estimated $549,041,700.36 in market value, representing 88.86% of its portfolio.

Funds holding SPDR S&P 500 ETF TRUST (SPY)

Source: SEC Form N-PORT institutional portfolio disclosures

Ticker:
SPY
CIK:
0000884394
Showing top 25 of 139 institutional funds
Fund Type Manager Weight Market Value Shares
Report Date
Filing Date
HEGD
Swan Hedged Equity US Large Cap ETF
ETF Independent / Boutique 88.86% $549,041,700.36 800,364 Feb 28, 2026 Apr 22, 2026
JDAEX
Easterly Hedged Equity Fund
MF Independent / Boutique 89.10% $475,048,075.00 692,500 Feb 28, 2026 Apr 28, 2026
MBXAX
Catalyst/Millburn Hedge Strategy Fund
MF Independent / Boutique 3.60% $340,855,550.46 524,119 Mar 31, 2026 Jun 1, 2026
-
SSGA Growth and Income ETF Portfolio
ETF Independent / Boutique 17.96% $288,479,117.88 443,582 Mar 31, 2026 May 28, 2026
VWNAX
VANGUARD WINDSOR II FUND
MF Vanguard 0.44% $285,969,905.86 397,921 Apr 30, 2026 Jun 26, 2026
TSPY
TappAlpha SPY Growth & Daily Income ETF
ETF Independent / Boutique 100.64% $238,570,075.26 366,839 Mar 31, 2026 Jun 1, 2026
CVSCX
Calamos Market Neutral Income Fund
MF Calamos 1.35% $237,876,460.00 331,000 Apr 30, 2026 Jun 26, 2026
-
EQ/Goldman Sachs Growth Allocation Portfolio
ETF Independent / Boutique 24.07% $192,079,219.68 295,352 Mar 31, 2026 May 26, 2026
HEDG
Equable Shares Hedged Equity ETF
ETF Independent / Boutique 45.06% $179,665,000.00 250,000 Apr 30, 2026 Jun 24, 2026
HCMQX
HCM Sector Plus Fund
MF Independent / Boutique 9.57% $174,475,816.56 268,284 Mar 31, 2026 May 29, 2026
-
Transamerica Goldman Sachs Managed Risk - Growth ETF VP
ETF Transamerica 10.62% $167,378,005.80 257,370 Mar 31, 2026 May 26, 2026
-
Transamerica Goldman Sachs Managed Risk - Balanced ETF VP
ETF Transamerica 4.94% $162,821,723.76 250,364 Mar 31, 2026 May 26, 2026
-
SSGA Growth ETF Portfolio
ETF Independent / Boutique 21.99% $161,209,530.90 247,885 Mar 31, 2026 May 28, 2026
MSTB
LHA Market State Tactical Beta ETF
ETF Independent / Boutique 80.90% $140,116,403.34 215,451 Mar 31, 2026 May 29, 2026
NOEQ
Northern Trust US Equity ETF
ETF Independent / Boutique 13.86% $106,194,668.94 163,291 Mar 31, 2026 May 28, 2026
THIR
THOR Index Rotation ETF
ETF Independent / Boutique 48.23% $103,378,007.01 150,699 Feb 28, 2026 Apr 23, 2026
ETFOX
NORTH SQUARE TACTICAL GROWTH FUND
MF Independent / Boutique 15.27% $88,794,545.60 129,440 Feb 28, 2026 Apr 27, 2026
-
MetLife Stock Index Portfolio
ETF Independent / Boutique 1.00% $86,495,220.00 133,000 Mar 31, 2026 May 28, 2026
KSPY
KraneShares Hedgeye Hedged Equity Index ETF
ETF Independent / Boutique 98.93% $75,959,712.00 116,800 Mar 31, 2026 May 29, 2026
GAL
State Street(R) Global Allocation ETF
ETF State Street (SPDR) 26.29% $75,672,261.72 116,358 Mar 31, 2026 May 28, 2026
DIGCX
DGI BALANCED FUND
MF Independent / Boutique 23.86% $71,732,502.00 110,300 Mar 31, 2026 May 29, 2026
HTUS
HULL TACTICAL US ETF
ETF Independent / Boutique 48.69% $67,161,651.64 93,454 Apr 30, 2026 Jun 25, 2026
SBTTX
Tax-Aware Overlay B Portfolio
MF Independent / Boutique 13.55% $59,938,586.10 92,165 Mar 31, 2026 May 26, 2026
QMLFX
Quantified Market Leaders Fund
MF Independent / Boutique 69.48% $49,578,669.90 76,235 Mar 31, 2026 May 8, 2026
FSAKX
Strategic Advisers U.S. Total Stock Fund
MF Fidelity 0.05% $46,880,556.60 68,340 Feb 28, 2026 Apr 24, 2026
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