Financial Select Sector SPDR Fund
Tracks S&P Financial Select Sector
The four numbers that price an ETF.
What the ETF actually owns.
From the most recent SEC N-PORT filing. The top-10 weight tells you how concentrated the fund is — broad-market trackers run 25-30%, single-theme funds often 50-70%.
| # | Holding | Weight | Value (USD) | Asset class |
|---|---|---|---|---|
| 1 | Berkshire Hathaway Inc | 12.46% | $5.95 B | EC |
| 2 | JPMorgan Chase & Co | 11.24% | $5.37 B | EC |
| 3 | Visa Inc | 7.20% | $3.44 B | EC |
| 4 | Mastercard Inc | 5.77% | $2.76 B | EC |
| 5 | Bank of America Corp | 4.59% | $2.19 B | EC |
| 6 | Goldman Sachs Group Inc/The | 3.60% | $1.72 B | EC |
| 7 | Wells Fargo & Co | 3.49% | $1.67 B | EC |
| 8 | Citigroup Inc | 2.81% | $1.34 B | EC |
| 9 | Morgan Stanley | 2.81% | $1.34 B | EC |
| 10 | American Express Co | 2.30% | $1.10 B | EC |
| 11 | Charles Schwab Corp/The | 2.23% | $1.06 B | EC |
| 12 | Blackrock Inc | 1.97% | $940 M | EC |
| 13 | S&P Global Inc | 1.84% | $882 M | EC |
| 14 | Chubb Ltd | 1.68% | $803 M | EC |
| 15 | Progressive Corp/The | 1.65% | $787 M | EC |
| 16 | Capital One Financial Corp | 1.62% | $773 M | EC |
| 17 | CME Group Inc | 1.51% | $721 M | EC |
| 18 | Intercontinental Exchange Inc | 1.27% | $605 M | EC |
| 19 | Blackstone Inc | 1.22% | $583 M | EC |
| 20 | PNC Financial Services Group Inc/The | 1.19% | $569 M | EC |
| 21 | Marsh & McLennan Cos Inc | 1.19% | $569 M | EC |
| 22 | Bank of New York Mellon Corp/The | 1.16% | $553 M | EC |
| 23 | US Bancorp | 1.15% | $548 M | EC |
| 24 | Aon PLC | 0.98% | $469 M | EC |
| 25 | Moody's Corp | 0.95% | $453 M | EC |
What we measure and what we leave out.
Data sources: SEC EDGAR N-PORT filings (holdings + filing-date timestamp); issuer fact sheets for expense ratio + AUM + inception; Yahoo Finance for daily NAV.
Expense ratio is the single biggest forward predictor of long-horizon performance. A 0.03% expense ratio compounds to a fundamentally different outcome than a 0.95% expense ratio over 25 years — even if the underlying index is identical.
Concentration risk lives in the top-10 weight. For broad-market trackers (VOO, VTI, SPY) the top-10 sits around 28-32%. For thematic funds — semiconductors, AI, cannabis — top-10 often crosses 60%. A "sector tilt" with 60% in 10 names is closer to active stock-picking than passive index exposure.
LRS + tax for Indian investors: US-listed ETFs are securities for Indian-tax purposes — held > 24 months = LTCG @ 12.5%, ≤ 24 months = slab-rate STCG. Distributions are dividends taxed at slab rates (US withholds 25%, creditable via DTAA). LRS USD 250,000 / FY cap applies to each remittance.
India-listed alternative: for S&P 500 / NASDAQ-100 exposure without LRS friction, see India-listed ETFs at /etfs/ (Motilal Oswal, Mirae, Nippon, etc. variants). Higher TER but no LRS hassle and INR-settled.
What this page does not model: tracking error vs underlying index, premium/discount to NAV, bid-ask spread on-exchange, currency-hedged variants (e.g. JPST-hedged), securities lending revenue (which subsidises some expense ratios).
ETF NAVs, tracking error and AUM are computed from AMFI disclosures. ETFs are subject to market risk and tracking-error risk. MintByte is an AMFI-registered mutual fund distributor (ARN-314872). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Not investment advice. Methodology · How we earn.