Hedge Funds Love These ETFs

#1 SPDR S&P 500 ETF Trust (NYSE:SPY)

– Number of Hedge Fund Holders (as of September 30): 94
– Total Value of Hedge Fund Holdings (as of September 30): $16.7 billion

The SPDR S&P 500 ETF Trust (NYSE:SPY) seeks to provide investment results closely correlated with the price and yield performance of the S&P 500 index and has one of the lowest annual expense ratios in the industry, with a net expense ratio of 0.0945%. The ETF’s performance has been relatively solid so far, with a 10 year average annual return of over 7.3% and an average annual return of over 9% since the fund started in 1993. Given the strong U.S. economy, the deep bench of domestic intellectual capital, and America’s strong government institutions, look for the ETF to continue to do well over the next few decades. A total of 94 funds from our database owned more than $16 billion worth of SPDR S&P 500 ETF Trust (NYSE:SPY) shares at the end of the third quarter, making SPY the smart money’s top ETF pick. Ray Dalio‘s Bridgewater Associates owned 10.24 million shares at the end of September.

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