Who owns SPY (SPY)
Which tracked institutional funds hold SPY, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SPY company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on SPY is one-sided between 2025-Q4 and 2026-Q1: 623 added or opened and 1924 trimmed or exited — on balance reducing.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
SPY’s largest tracked holder by dollar value, JPMORGAN CHASE & CO, sizes it at 2.0% of its own reported 13F book, while the median holder sizes it at 2.5% of theirs — a 0.6pp gap the other way — the median holder sizes SPY more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in SPY divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 4527 tracked filers holding SPY, 1880 increased or opened the position and 2303 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in SPY between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 131
- CAPITOLIS LIQUID GLOBAL MARKETS LLC$489M
- OLD MISSION CAPITAL LLC$339M
- IMC-Chicago, LLC$284M
- CIBC Bancorp USA Inc.$194M
- TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC$168M
- Squarepoint Ops LLC$158M
Full exits 189
- Alphadyne Asset Management LP$634M
- Janney Montgomery Scott LLC$466M
- CIBC Private Wealth Group LLC$439M
- Man Group plc$419M
- COMERICA BANK$303M
- BOCHK Asset Management Ltd$208M
Largest adds
- JANE STREET GROUP, LLC$6.4B
- MORGAN STANLEY$6.3B
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$4.0B
- GOLDMAN SACHS GROUP INC$1.4B
- Gotham Asset Management, LLC$1.3B
- SG Americas Securities, LLC$1.0B
Largest trims
- WELLS FARGO & COMPANY/MN$8.2B
- CITIGROUP INC$4.7B
- D. E. Shaw & Co., Inc.$3.2B
- MILLENNIUM MANAGEMENT LLC$2.1B
- ROYAL BANK OF CANADA$1.9B
- JPMORGAN CHASE & CO$1.4B
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| JPMORGAN CHASE & CO added | 45,790,886 | $28.9B | 10.5% | 2026-Q1 |
| MORGAN STANLEY added | 40,502,730 | $26.3B | 9.5% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 36,607,926 | $23.8B | 8.6% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 32,276,125 | $21.0B | 7.6% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 20,289,599 | $13.2B | 4.8% | 2026-Q1 |
| NORTHERN TRUST CORP added | 13,839,818 | $9.0B | 3.3% | 2026-Q1 |
| UBS Group AG added | 12,302,084 | $8.0B | 2.9% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 10,645,680 | $6.9B | 2.5% | 2026-Q1 |
| LPL Financial LLC trimmed | 9,962,967 | $6.5B | 2.3% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 9,418,886 | $6.1B | 2.2% | 2026-Q1 |
| Gotham Asset Management, LLC added | 9,005,674 | $5.9B | 2.1% | 2026-Q1 |
| HRT FINANCIAL LP trimmed | 6,906,576 | $4.5B | 1.6% | 2026-Q1 |
| BARCLAYS PLC added | 6,532,151 | $4.2B | 1.5% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 6,383,133 | $4.2B | 1.5% | 2026-Q1 |
| Capula Management Ltd added | 6,159,222 | $4.0B | 1.5% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 6,112,403 | $4.0B | 1.4% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 5,964,307 | $3.9B | 1.4% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 4,529,491 | $2.9B | 1.1% | 2026-Q1 |
| Bridgewater Associates, LP trimmed | 4,364,862 | $2.8B | 1.0% | 2026-Q1 |
| Lido Advisors, LLC added | 4,336,222 | $2.8B | 1.0% | 2026-Q1 |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. added | 4,269,557 | $2.7B | 1.0% | 2026-Q1 |
| FMR LLC trimmed | 4,166,717 | $2.7B | 1.0% | 2026-Q1 |
| US BANCORP \DE\ trimmed | 4,167,187 | $2.7B | 1.0% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. trimmed | 3,903,472 | $2.5B | 0.9% | 2026-Q1 |
| Cresset Asset Management, LLC trimmed | 3,561,935 | $2.3B | 0.8% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP added | 3,432,710 | $2.2B | 0.8% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 3,149,164 | $2.0B | 0.7% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 2,981,038 | $1.9B | 0.7% | 2026-Q1 |
| Creative Planning trimmed | 2,956,006 | $1.9B | 0.7% | 2026-Q1 |
| Rockefeller Capital Management L.P. trimmed | 2,946,267 | $1.9B | 0.7% | 2026-Q1 |
| Sanders Capital, LLC added | 2,923,008 | $1.9B | 0.7% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 2,925,798 | $1.9B | 0.7% | 2026-Q1 |
| TD Asset Management Inc added | 2,848,742 | $1.9B | 0.7% | 2026-Q1 |
| HighTower Advisors, LLC added | 2,802,707 | $1.8B | 0.7% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 2,662,796 | $1.7B | 0.6% | 2026-Q1 |
| National Mutual Insurance Federation of Agricultural Cooperatives | 2,617,832 | $1.7B | 0.6% | 2026-Q1 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND trimmed | 2,589,197 | $1.7B | 0.6% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 2,584,704 | $1.7B | 0.6% | 2026-Q1 |
| Focus Partners Wealth added | 2,429,375 | $1.5B | 0.5% | 2026-Q1 |
| SG Americas Securities, LLC added | 2,179,433 | $1.4B | 0.5% | 2026-Q1 |
| Pathstone Holdings, LLC trimmed | 2,176,821 | $1.4B | 0.5% | 2026-Q1 |
| Cerity Partners LLC added | 2,150,070 | $1.4B | 0.5% | 2026-Q1 |
| Clal Insurance Enterprises Holdings Ltd added | 2,000,882 | $1.3B | 0.5% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 1,811,359 | $1.2B | 0.4% | 2026-Q1 |
| CIBC WORLD MARKET INC. added | 1,807,103 | $1.2B | 0.4% | 2026-Q1 |
| BlackRock, Inc. trimmed | 1,765,807 | $1.1B | 0.4% | 2026-Q1 |
| Walleye Capital LLC added | 1,636,152 | $1.1B | 0.4% | 2026-Q1 |
| CITIGROUP INC trimmed | 1,631,197 | $1.1B | 0.4% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 1,627,679 | $1.1B | 0.4% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 1,619,363 | $1.1B | 0.4% | 2026-Q1 |
| STATE STREET CORP trimmed | 1,594,625 | $1.0B | 0.4% | 2026-Q1 |
| MEITAV INVESTMENT HOUSE LTD added | 1,572,253 | $1.0B | 0.4% | 2026-Q1 |
| Mariner, LLC trimmed | 1,507,932 | $979M | 0.4% | 2026-Q1 |
| Corient Private Wealth LLC trimmed | 1,543,318 | $966M | 0.4% | 2026-Q1 |
| Bank Julius Baer & Co. Ltd, Zurich trimmed | 1,390,820 | $905M | 0.3% | 2026-Q1 |
| Trustees of Columbia University in the City of New York added | 1,369,552 | $891M | 0.3% | 2026-Q1 |
| MACQUARIE GROUP LTD added | 1,340,025 | $871M | 0.3% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 1,294,890 | $843M | 0.3% | 2026-Q1 |
| Power Alpha Investment Ltd trimmed | 1,258,151 | $818M | 0.3% | 2026-Q1 |
| Norinchukin Bank, The | 1,233,000 | $802M | 0.3% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 1,214,328 | $790M | 0.3% | 2026-Q1 |
| Trust Asset Management LLC trimmed | 1,204,318 | $783M | 0.3% | 2026-Q1 |
| TORONTO DOMINION BANK added | 1,196,547 | $778M | 0.3% | 2026-Q1 |
| Pure Financial Advisors, LLC added | 1,128,423 | $734M | 0.3% | 2026-Q1 |
| TUDOR INVESTMENT CORP ET AL added | 1,119,113 | $728M | 0.3% | 2026-Q1 |
| Cohen Klingenstein LLC trimmed | 1,110,929 | $722M | 0.3% | 2026-Q1 |
| BBR PARTNERS, LLC added | 1,067,347 | $694M | 0.3% | 2026-Q1 |
| NATIXIS added | 1,013,049 | $659M | 0.2% | 2026-Q1 |
| Hirtle & Co., LLC trimmed | 997,270 | $649M | 0.2% | 2026-Q1 |
| Swan Global Investments, LLC trimmed | 995,392 | $647M | 0.2% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 985,588 | $641M | 0.2% | 2026-Q1 |
| BROWN ADVISORY INC added | 968,768 | $630M | 0.2% | 2026-Q1 |
| MAI Capital Management added | 959,838 | $624M | 0.2% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 961,155 | $614M | 0.2% | 2026-Q1 |
| Valeo Financial Advisors, LLC trimmed | 922,509 | $600M | 0.2% | 2026-Q1 |
| FIFTH THIRD BANCORP added | 920,364 | $599M | 0.2% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 916,400 | $596M | 0.2% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD trimmed | 877,000 | $570M | 0.2% | 2026-Q1 |
| Analyst IMS Investment Management Services Ltd. trimmed | 864,617 | $562M | 0.2% | 2026-Q1 |
| IEQ CAPITAL, LLC trimmed | 863,032 | $561M | 0.2% | 2026-Q1 |
| Freedom Together Foundation | 847,400 | $551M | 0.2% | 2026-Q1 |
| BLAIR WILLIAM & CO/IL trimmed | 845,294 | $550M | 0.2% | 2026-Q1 |
| Verition Fund Management LLC trimmed | 835,554 | $543M | 0.2% | 2026-Q1 |
| TEXAS TREASURY SAFEKEEPING TRUST CO trimmed | 834,569 | $543M | 0.2% | 2026-Q1 |
| Circle Wealth Management, LLC added | 830,249 | $540M | 0.2% | 2026-Q1 |
| Pine Ridge Advisers LLC trimmed | 820,008 | $533M | 0.2% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS trimmed | 788,251 | $513M | 0.2% | 2026-Q1 |
| Quantinno Capital Management LP added | 785,441 | $511M | 0.2% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC trimmed | 783,836 | $510M | 0.2% | 2026-Q1 |
| Concentric Capital Strategies, LP added | 767,992 | $499M | 0.2% | 2026-Q1 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC added | 764,294 | $497M | 0.2% | 2026-Q1 |
| SUMITOMO MITSUI FINANCIAL GROUP, INC. added | 755,968 | $492M | 0.2% | 2026-Q1 |
| GLENMEDE TRUST CO NA trimmed | 753,523 | $490M | 0.2% | 2026-Q1 |
| Silicon Valley Community Foundation trimmed | 2,777,873 | $1.7B | 0.6% | 2025-Q2 stale |
| MASTERCARD FOUNDATION ASSET MANAGEMENT CORP new | 1,179,487 | $786M | 0.3% | 2025-Q3 stale |
| NISSAY ASSET MANAGEMENT CORP /JAPAN | 1,164,154 | $719M | 0.3% | 2025-Q2 stale |
| CHURCHILL MANAGEMENT Corp added | 1,067,120 | $659M | 0.2% | 2025-Q2 stale |
| Alphadyne Asset Management LP added | 929,762 | $634M | 0.2% | 2025-Q4 stale |
| WOLVERINE TRADING, LLC trimmed | 915,710 | $608M | 0.2% | 2025-Q3 stale |
| Glenmede Investment Management, LP trimmed | 772,361 | $515M | 0.2% | 2025-Q3 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.