Utilities Select Sector SPDR Fund
Portfolio Exposure & Concentration
Look-through constituent allocation & index mechanics (S47B)
Securities in fund basket
Combined weight of largest 10
NextEra Energy Inc.
Active industry exposures
Top 25 Holdings — XLU (S47B-01)
Statutory Form N-PORT authenticated portfolio weights with direct equity research bridge (S47B-04)
| # | Company / Security | Portfolio Weight | Equity Research |
|---|---|---|---|
| 1 | NEENextEra Energy Inc. | 13.80% | Stock Dossier |
| 2 | SOThe Southern Company | 8.20% | Stock Dossier |
| 3 | DUKDuke Energy Corporation | 7.80% | Stock Dossier |
| 4 | CEGConstellation Energy Corp. | 7.20% | Stock Dossier |
| 5 | SRESempra | 5.20% | Stock Dossier |
| 6 | AEPAmerican Electric Power Co. | 5.00% | Stock Dossier |
| 7 | VSTVistra Corp. | 4.80% | Stock Dossier |
| 8 | EXCExelon Corporation | 4.20% | Stock Dossier |
| 9 | DDominion Energy Inc. | 4.00% | Stock Dossier |
| 10 | PEGPublic Service Enterprise Group | 3.80% | Stock Dossier |
| 11 | XELXcel Energy Inc. | 3.50% | Stock Dossier |
| 12 | EDConsolidated Edison Inc. | 3.40% | Stock Dossier |
| 13 | PCGPG&E Corporation | 3.20% | Stock Dossier |
| 14 | WECWEC Energy Group Inc. | 3.00% | Stock Dossier |
| 15 | EIXEdison International | 2.80% | Stock Dossier |
| 16 | DTEDTE Energy Company | 2.40% | Stock Dossier |
| 17 | AWKAmerican Water Works Co. | 2.30% | Stock Dossier |
| 18 | PPLPPL Corporation | 2.20% | Stock Dossier |
| 19 | FEFirstEnergy Corp. | 2.10% | Stock Dossier |
| 20 | ETREntergy Corporation | 2.00% | Stock Dossier |
| 21 | ESEversource Energy | 1.90% | Stock Dossier |
| 22 | CMSCMS Energy Corporation | 1.80% | Stock Dossier |
| 23 | ATOAtmos Energy Corporation | 1.70% | Stock Dossier |
| 24 | CNPCenterPoint Energy Inc. | 1.60% | Stock Dossier |
| 25 | NINiSource Inc. | 1.50% | 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.