Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in SPY held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 190.5M | $123.87B | +67.9% | β | 13.91% |
| 2 | Employees Provident Fund Board | 592K | $94.74B | β | β | 0.15% |
| 3 | Kentucky Farm Bureau Mutual Insurance Co | 108K | $34.76B | β | β | 0.79% |
| 4 | Belvedere Trading LLC | 52.4M | $34.09B | +13.7% | β | 50.81% |
| 5 | GOLDMAN SACHS GROUP INC | 48.9M | $31.82B | +17.6% | β | 3.65% |
| 6 | MORGAN STANLEY | 40.5M | $26.34B | +38.1% | β | 1.59% |
| 7 | BANK OF AMERICA CORP /DE/ | 32.3M | $20.99B | +4.8% | β | 1.53% |
| 8 | ROYAL BANK OF CANADA | 26.5M | $17.24B | +3.6% | β | 3.02% |
| 9 | UBS Group AG | 20.3M | $13.21B | +12.2% | β | 1.98% |
| 10 | CAPSTONE INVESTMENT ADVISORS, LLC | 17.1M | $11.12B | -18.0% | β | 20.50% |
| 11 | NORTHERN TRUST CORP | 13.8M | $9.00B | +0.3% | β | 1.19% |
| 12 | Lido Advisors, LLC | 13.7M | $8.92B | β | β | 27.47% |
| 13 | WELLS FARGO & COMPANY/MN | 13.3M | $8.67B | β | β | 1.89% |
| 14 | BANK OF MONTREAL /CAN/ | 12.7M | $8.23B | -6.0% | β | 3.11% |
| 15 | LPL Financial LLC | 10.2M | $6.62B | -1.8% | β | 1.76% |
| 16 | Gotham Asset Management, LLC | 9.0M | $5.86B | +33.9% | β | 17.94% |
| 17 | Squarepoint Ops LLC | 7.4M | $4.81B | β | β | 6.16% |
| 18 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 6.1M | $3.98B | +28798.9% | β | 2.45% |
| 19 | BNP PARIBAS ARBITRAGE, SA | 3.0M | $3.88B | +11.3% | β | 1.89% |
| 20 | MILLENNIUM MANAGEMENT LLC | 4.9M | $3.21B | -28.5% | β | 2.13% |
| 21 | RAYMOND JAMES FINANCIAL INC | 4.7M | $3.05B | -11.8% | β | 0.94% |
| 22 | Bridgewater Associates, LP | 4.4M | $2.84B | -2.0% | β | 12.67% |
| 23 | TORONTO DOMINION BANK | 4.3M | $2.78B | +1987.7% | β | 3.99% |
| 24 | BANCO BILBAO VIZCAYA ARGENTARIA, S.A. | 4.3M | $2.74B | +34.0% | β | 19.16% |
| 25 | FMR LLC | 4.2M | $2.71B | -2.0% | β | 0.15% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in SPY β a direct measure of their conviction.
Filings activity in SPY during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new SPY position in Q1 2026
Institutions that fully closed their SPY position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 4,363 | 0.2% | β | β | $642.98B | 2.6% |
| Q4 2025 | 4,372 | +7.8% | β | β | $660.38B | 8.8% |
| Q3 2025 | 4,057 | +0.5% | β | β | $724.25B | 22% |
| Q2 2025 | 4,035 | +1.5% | β | β | $929.25B | +82% |
| Q1 2025 | 3,974 | +1.2% | β | β | $509.74B | 48% |
| Q4 2024 | 3,925 | +9.8% | β | β | $987.17B | 1.3% |
| Q3 2024 | 3,575 | +1.9% | β | β | $1.00T | +0.3% |
| Q2 2024 | 3,510 | β | β | β | $998.01B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying SPY stock.
Based on Q1 2026 13F filings, institutional ownership of SPDR S&P 500 ETF Trust stands at not currently reported, held across 4,363 reporting institutions.
SUSQUEHANNA INTERNATIONAL GROUP, LLP is the largest reported institutional holder of SPY, with approximately 190,466,180 shares worth $123.87B as of Q1 2026.
Yes β 3 widely-followed marquee investors appear among the top 25 institutional holders of SPY, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, MILLENNIUM MANAGEMENT LLC, Bridgewater Associates, LP.
Our composite Smart Money Score for SPY is 57 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
323 institutions opened new positions in SPY during Q1 2026, while 332 fully exited. 800 added to existing positions and 3,221 trimmed.
Quarter-over-quarter ownership change for SPY is not yet available β at least two quarters of 13F data are required.
The top 10 institutions account for 63.5% of all reported 13F value in SPY, and the top 25 account for 75.5%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
SPDR S&P 500 ETF Trust (SPY) Institutional Ownership