SPDR S&P 500 ETF Trust
Portfolio Exposure & Concentration
Look-through constituent allocation & index mechanics (S47B)
Securities in fund basket
Combined weight of largest 10
Apple Inc.
Active industry exposures
Top 25 Holdings — SPY (S47B-01)
Statutory Form N-PORT authenticated portfolio weights with direct equity research bridge (S47B-04)
| # | Company / Security | Portfolio Weight | Equity Research |
|---|---|---|---|
| 1 | AAPLApple Inc. | 7.15% | Stock Dossier |
| 2 | MSFTMicrosoft Corporation | 6.51% | Stock Dossier |
| 3 | NVDANVIDIA Corporation | 6.05% | Stock Dossier |
| 4 | AMZNAmazon.com Inc. | 3.70% | Stock Dossier |
| 5 | METAMeta Platforms Inc. Class A | 2.50% | Stock Dossier |
| 6 | GOOGLAlphabet Inc. Class A | 2.05% | Stock Dossier |
| 7 | BRK.BBerkshire Hathaway Inc. Class B | 1.75% | Stock Dossier |
| 8 | GOOGAlphabet Inc. Class C | 1.70% | Stock Dossier |
| 9 | AVGOBroadcom Inc. | 1.60% | Stock Dossier |
| 10 | TSLATesla Inc. | 1.49% | Stock Dossier |
| 11 | JPMJPMorgan Chase & Co. | 1.35% | Stock Dossier |
| 12 | LLYEli Lilly and Company | 1.27% | Stock Dossier |
| 13 | UNHUnitedHealth Group Inc. | 1.11% | Stock Dossier |
| 14 | VVisa Inc. Class A | 1.01% | Stock Dossier |
| 15 | XOMExxon Mobil Corporation | 0.97% | Stock Dossier |
| 16 | MAMastercard Inc. Class A | 0.88% | Stock Dossier |
| 17 | COSTCostco Wholesale Corp. | 0.83% | Stock Dossier |
| 18 | HDHome Depot Inc. | 0.80% | Stock Dossier |
| 19 | PGProcter & Gamble Co. | 0.77% | Stock Dossier |
| 20 | JNJJohnson & Johnson | 0.73% | Stock Dossier |
| 21 | ABBVAbbVie Inc. | 0.68% | Stock Dossier |
| 22 | BACBank of America Corp. | 0.65% | Stock Dossier |
| 23 | WMTWalmart Inc. | 0.63% | Stock Dossier |
| 24 | CRMSalesforce Inc. | 0.58% | Stock Dossier |
| 25 | NFLXNetflix Inc. | 0.57% | Stock Dossier |
GICS 11-Sector Allocation (S47B-02)
Industry diversification across standard economic classifications
Portfolio Breakdown & Allocation Matrix
Multi-dimensional constituent classification sourced from SEC Form N-PORT and Issuer Fact Sheets (S48-Phase 2)
Sub-sector clusters reflect concentrated industry exposures beyond broad GICS sectors.
Market Cap Tier Breakdown (S47B-05)
Weighted capital size distribution of fund holdings
Look-Through Concentration Engine (S47B-03)
Calculates aggregate effective single-stock exposure across direct holdings & pooled ETFs
// Mathematical SSOT Formulation:
W_i = w_{direct, i} + ∑_f (a_f × w_{f,i})
Real-World Institutional Use-Case:
An investor holding 5% direct AAPL equity, plus 40% in VOO and 20% in QQQ, actually bears:
Vantage Portfolios look-through alerts eliminate hidden tech over-concentration and unintended double-exposure across multi-asset portfolios.