EWX · State Street(R) SPDR(R) S&P(R) Emerging Markets Small Cap ETF · Holdings ETF
Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.
Institutional Ownership Trend
Holder Concentration
Across 34 13F filers · Δ vs Jun 30, 2026Who Holds EWX
Last 8 quarters through Sep 30, 2026 (filing window open)Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.
Jun 30, 2026, the newest closed quarter: 186 filers, like-for-like change -7.4%; actively managed books -8.3%; index-like books +8.1%.
| Holder type | Share | Filers | Change |
|---|---|---|---|
| Registered adviser | 59.2% | 116 | -13.9% |
| Exempt adviser | 0.0% | 1 | +28.2% |
| Adviser | 1.7% | 1 | +0.7% |
| Bank | 14.1% | 10 | -7.8% |
| Broker-dealer | 3.5% | 1 | +14.9% |
| Non-US | 0.1% | 1 | +209.7% |
| Holding company | 7.3% | 5 | +9.0% |
| Unknown | 14.1% | 51 | +12.5% |
| Style | Share | Filers | Change |
|---|---|---|---|
| Index-like | 6.3% | 3 | +8.1% |
| Systematic-like | 0.0% | 1 | +28.2% |
| Concentrated | 45.7% | 76 | -3.8% |
| Diversified active | 48.0% | 106 | -12.0% |
| Not measured | 0.0% | 0 | — |
| Unknown | 0.0% | 0 | — |
| Turnover | Share | Filers | Change |
|---|---|---|---|
| Low turnover | 85.3% | 142 | -9.4% |
| Medium turnover | 7.7% | 18 | -5.3% |
| High turnover | 2.7% | 5 | +146.7% |
| Unknown | 4.3% | 21 | -7.0% |
| Not measured | 0.0% | 0 | — |
| Holding horizon | Share | Filers | Change |
|---|---|---|---|
| Short horizon | 6.1% | 18 | +26.3% |
| Medium horizon | 6.0% | 33 | +6.6% |
| Long horizon | 86.9% | 130 | -9.7% |
| Unknown | 1.0% | 5 | -15.2% |
| Not measured | 0.0% | 0 | — |
| 13F book size | Share | Filers | Change |
|---|---|---|---|
| Under $1B | 11.7% | 57 | -9.9% |
| $1B to $10B | 21.9% | 74 | +4.4% |
| $10B to $100B | 12.0% | 33 | -34.6% |
| $100B or more | 54.4% | 22 | -2.3% |
| Not measured | 0.0% | 0 | — |
| Client base | Share | Filers | Change |
|---|---|---|---|
| Individuals and high net worth | 54.8% | 109 | -14.4% |
| Registered funds and BDCs | 2.4% | 1 | 0.0% |
| Pension and profit sharing plans | 0.4% | 1 | -1.1% |
| Corporations | 0.6% | 1 | +1.0% |
| Other investment advisers | 0.8% | 2 | -18.3% |
| Diversified | 0.2% | 2 | +6.7% |
| Other | 0.0% | 0 | -100.0% |
| Pooled investment vehicles | 0.0% | 0 | — |
| Charitable organizations | 0.0% | 0 | — |
| Unknown | 40.8% | 70 | +3.9% |
| Private funds | Share | Filers | Change |
|---|---|---|---|
| Hedge funds | 1.7% | 6 | +5.8% |
| Private equity funds | 32.4% | 5 | -3.0% |
| Real estate funds | 0.0% | 1 | -1.3% |
| Other private funds | 3.7% | 4 | +6.6% |
| Mixed private funds | 0.6% | 1 | +0.1% |
| Private funds, type not stated | 0.9% | 3 | -0.2% |
| No private funds | 19.8% | 97 | -31.4% |
| Unknown | 40.8% | 69 | +3.9% |
| Location | Share | Filers | Change |
|---|---|---|---|
| United States | 99.2% | 180 | -7.5% |
| Outside the US | 0.8% | 6 | +13.9% |
The Sep 30, 2026 filing window is still open, so its bar shows only the filers that have filed so far.
How the mix is measured
Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.
Excluded 4 holders with no observed 2026-03-31 13F and 3 holders with no observed 2026-06-30 13F.
Conviction and Crowding
186 13F filers, quarter ended Jun 30, 2026Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.
Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).
Estimated Holder Cost Basis
Quarter ended Jun 30, 2026, on that quarter's share basisEstimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.
Estimated cost covers 15.1% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.
Quarterly Activity
New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.
Top Buyers
vs Jun 30, 2026| Institution | Added | Now Holds | Open |
|---|---|---|---|
| Mid Sowell Financial Services LLC | +3,991 | 8,408 | |
| Small Powerhouse Assets LLC | +793 | 12,347 | |
| Small TENET WEALTH PARTNERS, LLC | +374 | 16,265 | |
| Small MARYLAND CAPITAL ADVISORS INC. | +308 | 23,858 | |
| Mid GAMMA Investing LLC | +277 | 1,101 |
Top Sellers
vs Jun 30, 2026| Institution | Sold | Now Holds | Open |
|---|---|---|---|
| Mid Apella Capital, LLC | −22,340 | 111,007 | |
| Mid BIP Wealth, LLC | −3,872 | 91,449 | |
| Mid Sepio Capital, LP | −2,710 | 41,188 | |
| Large ASSETMARK, INC | −1,288 | 506 | |
| Large Farther Finance Advisors, LLC | −485 | 2,181 |
Top New Positions
vs Jun 30, 2026| Institution | Acquired | Value (USD) | Open |
|---|---|---|---|
| Large Concurrent Investment Advisors, LLC | 3,419 | $243,090 | |
| Small HF Advisory Group, LLC | 2,870 | $204,057 | |
| Small Rydar Equities, Inc. | 156 | $11,091 | |
| Small Portfolio Resources Advisor Group, Inc. | 45 | $3,199 |
Top Sold-Out Positions
vs Jun 30, 2026| Institution | Previously Held | Last Value (USD) | Open |
|---|---|---|---|
| Small FF Advisors,LLC | 3,235 | $240,392 | |
| Mid AdvisorNet Financial, Inc | 536 | $39,830 | |
| Small SIMS INVESTMENT MANAGEMENT, LLC | 376 | $27,940 |
| Holder | Value (USD) | % of 13F | Shares | Type | Filed | Open |
|---|---|---|---|---|---|---|
| Mid Apella Capital, LLC EWX | $7,892,597 | 28.26% | 111,007 | Shares | 2026-10-08 | |
| Mid BIP Wealth, LLC EWX | $6,502,023 | 23.28% | 91,449 | Shares | 2026-10-22 | |
| Mid Sepio Capital, LP Registered adviser EWX | $2,928,466 | 10.49% | 41,188 | Shares | 2026-10-22 | |
| Small MARYLAND CAPITAL ADVISORS INC. Registered adviser EWX | $1,696,303 | 6.07% | 23,858 | Shares | 2026-10-15 | |
| Small TENET WEALTH PARTNERS, LLC Registered adviser EWX | $1,156,441 | 4.14% | 16,265 | Shares | 2026-10-19 | |
| Mid Heartwood Wealth Advisors LLC EWX | $946,909 | 3.39% | 13,318 | Shares | 2026-10-05 | |
| Small Powerhouse Assets LLC Registered adviser EWX | $877,871 | 3.14% | 12,347 | Shares | 2026-10-19 | |
| Small Rockingstone Advisors LLC Registered adviser EWX | $707,729 | 2.53% | 9,954 | Shares | 2026-10-16 | |
| Small HighRoad Wealth Advisors, LLC Registered adviser EWX | $622,125 | 2.23% | 8,750 | Shares | 2026-10-14 | |
| Mid Perigon Wealth Management, LLC Registered adviser EWX | $610,109 | 2.18% | 8,581 | Shares | 2026-10-22 | |
| Mid Sowell Financial Services LLC Registered adviser EWX | $597,808 | 2.14% | 8,408 | Shares | 2026-10-20 | |
| Small Cyr Financial Inc. Registered adviser EWX | $570,719 | 2.04% | 8,027 | Shares | 2026-10-16 | |
| Small Shore Point Advisors, LLC Registered adviser EWX | $464,638 | 1.66% | 6,535 | Shares | 2026-10-14 | |
| Small Sound Stewardship, LLC Registered adviser EWX | $319,239 | 1.14% | 4,490 | Shares | 2026-10-14 | |
| Large Concurrent Investment Advisors, LLC Registered adviser EWX | $243,090 | 0.87% | 3,419 | Shares | 2026-10-16 | |
| Mid Cyndeo Wealth Partners, LLC Registered adviser EWX | $239,251 | 0.86% | 3,365 | Shares | 2026-10-16 | |
| Small Hardin Capital Partners, LLC EWX | $225,671 | 0.81% | 3,174 | Shares | 2026-10-09 | |
| Small ZENITH SOLUTIONS, INC. Registered adviser EWX | $209,176 | 0.75% | 2,942 | Shares | 2026-10-19 | |
| Small HF Advisory Group, LLC Registered adviser EWX | $204,057 | 0.73% | 2,870 | Shares | 2026-10-09 | |
| Mid CGN Advisors LLC Registered adviser EWX | $202,990 | 0.73% | 2,855 | Shares | 2026-10-21 | |
| Large Farther Finance Advisors, LLC Registered adviser EWX | $155,069 | 0.56% | 2,181 | Shares | 2026-10-08 | |
| Small Noble Wealth Management PBC EWX | $120,870 | 0.43% | 1,700 | Shares | 2026-10-01 | |
| Mid CX Institutional Registered adviser EWX | $101,104 | 0.36% | 1,422 | Shares | 2026-10-02 | |
| Mid GAMMA Investing LLC Registered adviser EWX | $78,281 | 0.28% | 1,101 | Shares | 2026-10-08 | |
| Mid EASTERN BANK EWX | $67,402 | 0.24% | 948 | Shares | 2026-10-05 | |
| Small Cherry Tree Wealth Management, LLC Registered adviser EWX | $39,887 | 0.14% | 561 | Shares | 2026-10-15 | |
| Large ASSETMARK, INC Registered adviser EWX | $35,976 | 0.13% | 506 | Shares | 2026-10-21 | |
| Mid CoreCap Advisors, LLC Registered adviser EWX | $34,412 | 0.12% | 484 | Shares | 2026-10-08 | |
| Mid MassMutual Private Wealth & Trust, FSB EWX | $32,706 | 0.12% | 460 | Shares | 2026-10-05 | |
| Mid Trust Co EWX | $18,841 | 0.07% | 265 | Shares | 2026-10-09 | |
| Mid PRIVATE TRUST CO NA EWX | $12,229 | 0.04% | 172 | Shares | 2026-10-20 | |
| Small Rydar Equities, Inc. EWX | $11,091 | 0.04% | 156 | Shares | 2026-10-13 | |
| Small Portfolio Resources Advisor Group, Inc. Registered adviser EWX | $3,199 | 0.01% | 45 | Shares | 2026-10-20 | |
| Small Central Pacific Bank - Trust Division EWX | $142 | 0.00% | 2 | Shares | 2026-10-06 |