Which funds own SPY
State Street SPDR S&P 500 ETF in the Q2 2026 filings. 29 of the 94 managers on file reported a position, worth $71.3bn between them. A fifth of the managers on file hold it, which is a crowd without being the whole market. The quarter went one way: 18 managers opened or added against 12 cutting.
- Managers holding
- 29
- of 94 on file
- Combined value
- $71.3bn
- as reported
- Opened
- 4
- new this quarter
- Added to
- 14
- already held
- Trimmed or sold out
- 12
- 2 sold out entirely
Every manager on file with a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Jane Street Group LLC Quantitative · $1206bn book | $33.1bn | 2.7% | 44,258,657 | +$19.9bn+23,969,058 | Added |
| Susquehanna International Group LLP Quantitative · $1284bn book | $10.9bn | 0.8% | 14,608,579 | +$4.0bn+3,962,899 | Added |
| D. E. Shaw & Co. Quantitative · $210bn book | $10.5bn | 5.0% | 14,028,230 | +$10.0bn+13,282,720 | Added |
| Bridgewater Associates LP Macro · $24.4bn book | $4.0bn | 16% | 5,320,308 | +$1.1bn+955,446 | Added |
| Millennium Management LLC Multi-strategy · $276bn book | $3.6bn | 1.3% | 4,857,109 | +$3.2bn+4,234,187 | Added |
| Fidelity (FMR LLC) Long-only · $2304bn book | $3.1bn | 0.1% | 4,159,436 | +$396m-7,281 | Trimmed |
| Squarepoint Ops LLC Multi-strategy · $90.5bn book | $936m | 1.0% | 1,252,701 | +$777m+1,009,284 | Added |
| Man Group PLC Quantitative · $62.7bn book | $856m | 1.4% | 1,146,541 | opened1,146,541 | New |
| AQR Capital Management LLC Quantitative · $287bn book | $855m | 0.3% | 1,144,745 | +$259m+228,345 | Added |
| Verition Fund Management LLC Multi-strategy · $19.7bn book | $689m | 3.5% | 922,630 | +$146m+87,076 | Added |
| Balyasny Asset Management LLC Multi-strategy · $80.2bn book | $644m | 0.8% | 861,737 | +$566m+741,815 | Added |
| AllianceBernstein LP Long-only · $302bn book | $469m | 0.2% | 722,051 | +$6.8m+44,757 | Added |
| Tudor Investment Corp Macro · $71.9bn book | $313m | 0.4% | 418,921 | -$415m-700,192 | Trimmed |
| Eisler Capital Management Ltd Multi-strategy · $22.6bn book · Q3 2025 filing | $282m | 1.2% | 425,308 | +$220m+324,036 | Added |
| Jana Partners Activist · $1.9bn book | $256m | 13% | 342,965 | +$33m-700 | Trimmed |
| Neuberger Berman Group LLC Long-only · $150bn book | $184m | 0.1% | 245,690 | +$27m+5,066 | Added |
| Renaissance Technologies LLC Quantitative · $72.6bn book | $164m | 0.2% | 219,040 | opened219,040 | New |
| Walleye Capital LLC Multi-strategy · $28.0bn book | $141m | 0.5% | 188,548 | -$923m-1,447,604 | Trimmed |
| Hudson Bay Capital Management LP Multi-strategy · $36.8bn book | $107m | 0.3% | 143,000 | -$58m-110,545 | Trimmed |
| Holocene Advisors LP Long/short equity · $44.4bn book | $68m | 0.2% | 90,987 | +$6.8m-3,086 | Trimmed |
| Schonfeld Strategic Advisors LLC Multi-strategy · $27.9bn book | $52m | 0.2% | 70,040 | -$159m-255,350 | Trimmed |
| Element Capital Management LLC Macro · $3.2bn book | $37m | 1.2% | 50,000 | opened50,000 | New |
| Moore Capital Management LP Macro · $6.7bn book | $28m | 0.4% | 36,812 | +$27m+35,303 | Added |
| Soros Fund Management LLC Macro · $8.1bn book | $19m | 0.2% | 25,000 | +$2.4m0 | Held |
| Quantbot Technologies LP Quantitative · $2.5bn book | $7.9m | 0.3% | 10,526 | opened10,526 | New |
| Davidson Kempner Capital Management LP Long/short equity · $8.4bn book | $3.1m | 0.0% | 4,197 | -$500k-1,338 | Trimmed |
| Polen Capital Management LLC Long-only · $11.6bn book | $3.0m | 0.0% | 4,018 | +$600k+261 | Added |
| Harris Associates LP Activist · $75.4bn book | $1.6m | 0.0% | 2,148 | -$3.4m-5,564 | Trimmed |
| ARK Investment Management LLC Long-only · $15.4bn book | $0 | 0.0% | 0 | unchanged-28 | Trimmed |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Freestone Grove Partners LP · Multi-strategy$366m held before
- First Eagle Investment Management LLC · Activist$11m held before
Reported as options rather than shares
A put or a call on a name is not a position in it, and the filing states the notional rather than what the option cost. These lines are listed apart for that reason and are not counted in anything above.
- Jane Street Group LLC · puts$116bn notional
- Susquehanna International Group LLP · puts$61.5bn notional
- Jane Street Group LLC · calls$54.4bn notional
- Susquehanna International Group LLP · calls$47.7bn notional
- Citadel Advisors LLC · calls$35.7bn notional
- Citadel Advisors LLC · puts$23.3bn notional
- Farallon Capital Management LLC · puts$4.5bn notional
- Millennium Management LLC · calls$3.5bn notional
- Millennium Management LLC · puts$3.2bn notional
- Squarepoint Ops LLC · puts$2.2bn notional
- Squarepoint Ops LLC · calls$2.1bn notional
- Balyasny Asset Management LLC · puts$1.7bn notional
- Point72 Asset Management LP · puts$1.2bn notional
- Point72 Asset Management LP · calls$1.1bn notional
- Oaktree Capital Management LP · puts$1.0bn notional
- Element Capital Management LLC · puts$665m notional
- Man Group PLC · calls$641m notional
- Man Group PLC · puts$577m notional
- Hudson Bay Capital Management LP · puts$569m notional
- Davidson Kempner Capital Management LP · puts$518m notional
- Two Sigma Investments LP · calls$408m notional
- Two Sigma Investments LP · puts$408m notional
- Eisler Capital Management Ltd · puts$343m notional
- Artisan Partners LP · puts$329m notional
- Verition Fund Management LLC · puts$284m notional
- Walleye Capital LLC · puts$265m notional
- Marshall Wace LLP · puts$264m notional
- Balyasny Asset Management LLC · calls$255m notional
- Glenview Capital Management LLC · puts$194m notional
- Marshall Wace LLP · calls$174m notional
- Eisler Capital Management Ltd · calls$132m notional
- Tudor Investment Corp · calls$112m notional
- Schonfeld Strategic Advisors LLC · calls$109m notional
- Schonfeld Strategic Advisors LLC · puts$80m notional
- Soros Fund Management LLC · puts$56m notional
- Moore Capital Management LP · puts$49m notional
- Third Point LLC · puts$29m notional
What is inside it
Knowing who bought a fund is half the question. The other half is what the fund holds, which is the manager’s actual exposure rather than the wrapper they reached for.
What SPY holdsHow much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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