Financial Select Sector SPDR Fund
Portfolio Exposure & Concentration
Look-through constituent allocation & index mechanics (S47B)
Securities in fund basket
Combined weight of largest 10
Berkshire Hathaway Inc. Class B
Active industry exposures
Top 25 Holdings — XLF (S47B-01)
Statutory Form N-PORT authenticated portfolio weights with direct equity research bridge (S47B-04)
| # | Company / Security | Portfolio Weight | Equity Research |
|---|---|---|---|
| 1 | BRK.BBerkshire Hathaway Inc. Class B | 13.50% | Stock Dossier |
| 2 | JPMJPMorgan Chase & Co. | 10.40% | Stock Dossier |
| 3 | VVisa Inc. Class A | 7.80% | Stock Dossier |
| 4 | MAMastercard Inc. Class A | 6.80% | Stock Dossier |
| 5 | BACBank of America Corp. | 4.80% | Stock Dossier |
| 6 | WFCWells Fargo & Company | 4.20% | Stock Dossier |
| 7 | GSThe Goldman Sachs Group | 3.80% | Stock Dossier |
| 8 | MSMorgan Stanley | 3.20% | Stock Dossier |
| 9 | SPGIS&P Global Inc. | 3.00% | Stock Dossier |
| 10 | AXPAmerican Express Company | 2.90% | Stock Dossier |
| 11 | BLKBlackRock Inc. | 2.70% | Stock Dossier |
| 12 | CCitigroup Inc. | 2.50% | Stock Dossier |
| 13 | CBChubb Limited | 2.40% | Stock Dossier |
| 14 | MMCMarsh & McLennan Cos. | 2.20% | Stock Dossier |
| 15 | PGRThe Progressive Corporation | 2.00% | Stock Dossier |
| 16 | CMECME Group Inc. | 1.90% | Stock Dossier |
| 17 | ICEIntercontinental Exchange | 1.80% | Stock Dossier |
| 18 | AONAon plc Class A | 1.60% | Stock Dossier |
| 19 | SCHWThe Charles Schwab Corp. | 1.50% | Stock Dossier |
| 20 | MCOMoody's Corporation | 1.40% | Stock Dossier |
| 21 | USBU.S. Bancorp | 1.30% | Stock Dossier |
| 22 | PNCPNC Financial Services | 1.20% | Stock Dossier |
| 23 | TRVThe Travelers Companies | 1.10% | Stock Dossier |
| 24 | METMetLife Inc. | 1.00% | Stock Dossier |
| 25 | AIGAmerican International Group | 0.90% | 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.