Materials Select Sector SPDR Fund
Portfolio Exposure & Concentration
Look-through constituent allocation & index mechanics (S47B)
Securities in fund basket
Combined weight of largest 10
Linde plc
Active industry exposures
Top 25 Holdings — XLB (S47B-01)
Statutory Form N-PORT authenticated portfolio weights with direct equity research bridge (S47B-04)
| # | Company / Security | Portfolio Weight | Equity Research |
|---|---|---|---|
| 1 | LINLinde plc | 19.50% | Stock Dossier |
| 2 | SHWThe Sherwin-Williams Co. | 8.80% | Stock Dossier |
| 3 | FCXFreeport-McMoRan Inc. | 7.40% | Stock Dossier |
| 4 | APDAir Products and Chemicals | 6.20% | Stock Dossier |
| 5 | NEMNewmont Corporation | 5.80% | Stock Dossier |
| 6 | ECLEcolab Inc. | 5.40% | Stock Dossier |
| 7 | CTVACorteva Inc. | 4.50% | Stock Dossier |
| 8 | DDDuPont de Nemours Inc. | 3.80% | Stock Dossier |
| 9 | DOWDow Inc. | 3.50% | Stock Dossier |
| 10 | MLMMartin Marietta Materials | 3.40% | Stock Dossier |
| 11 | VMCVulcan Materials Company | 3.30% | Stock Dossier |
| 12 | PPGPPG Industries Inc. | 3.10% | Stock Dossier |
| 13 | IFFInternational Flavors & Fragrances | 2.60% | Stock Dossier |
| 14 | NUENucor Corporation | 2.50% | Stock Dossier |
| 15 | ALBAlbemarle Corporation | 2.20% | Stock Dossier |
| 16 | CECelanese Corporation | 1.90% | Stock Dossier |
| 17 | CFCF Industries Holdings Inc. | 1.80% | Stock Dossier |
| 18 | LYBLyondellBasell Industries | 1.70% | Stock Dossier |
| 19 | EMNEastman Chemical Company | 1.60% | Stock Dossier |
| 20 | MOSThe Mosaic Company | 1.50% | Stock Dossier |
| 21 | FMCFMC Corporation | 1.40% | Stock Dossier |
| 22 | BALLBall Corporation | 1.30% | Stock Dossier |
| 23 | AMCRAmcor plc | 1.20% | Stock Dossier |
| 24 | IPInternational Paper Co. | 1.10% | Stock Dossier |
| 25 | PKGPackaging Corp. of America | 1.00% | 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.