This article first appeared on GuruFocus .
SPDR S&P 500 ETF Trust ( SPY ) posted a net outflow of $5.39 billion in Wednesday's session, with gross ETF activity of $6.07 billion across a portfolio of 503 holdings. SPY decreased 499 positions and increased only one, reflecting broad trimming across the $818.54 billion fund.
What did SPY buy on Wednesday?
Its largest buys by dollar value were ORCL ($342.1 million).
| Stock |
Shares changed |
Value |
Position |
|---|---|---|---|
| ORACLE CORP ( ORCL ) |
+2,764,741 |
$342.1M |
0.37% of fund |
What did SPY sell on Wednesday?
Its largest sells by dollar value were AAPL ($444.3 million), NVDA ($421.8 million) and MSFT ($359.4 million).
| Stock |
Shares changed |
Value |
Position |
|---|---|---|---|
| APPLE INC ( AAPL ) |
-1,271,177 |
-$444.3M |
7.70% of fund |
| NVIDIA CORP ( NVDA ) |
-2,107,490 |
-$421.8M |
7.31% of fund |
| MICROSOFT CORP ( MSFT ) |
-646,673 |
-$359.4M |
6.23% of fund |
| AMAZON.COM INC ( AMZN ) |
-854,674 |
-$227.4M |
3.94% of fund |
| ALPHABET INC CL A ( GOOGL ) |
-511,032 |
-$147.7M |
2.56% of fund |
Apple ( AAPL ) was the largest sell, with 1,271,177 shares cut for $444.3 million, followed by NVIDIA ( NVDA ) at $421.8 million and Microsoft ( MSFT ) at $359.4 million. Amazon ( AMZN ) shed $227.4 million and Alphabet ( GOOGL ) $147.7 million. On the buy side, Oracle ( ORCL ) led with 2,764,741 shares added worth $342.1 million; no new positions were opened and no holdings were fully exited.
How does SPY invest?
SPDR S&P 500 ETF Trust ( SPY ) is an Equity US fund in the Equity asset class, holding 503 stocks with 37.6% of assets in its 10 largest holdings. Technology accounts for 37.5% of classified stocks, Financial Services 12.3% and Healthcare 10.3%, while large caps make up 99.9% of the mix and mid caps 0.1%. It charges an expense ratio of 0.09%, and its top holdings are Apple at 7.7%, NVIDIA at 7.31%, Microsoft at 6.23%, Amazon at 3.94% and Alphabet at 2.56%. The fund has a GF Score of 88, a P/E of 19.33, a P/B of 4.37, a dividend yield of 1.03% and a year-to-date return of 8.33%.
SPDR S&P 500 ETF Trust ( SPY ) at a glance
| Measure |
Value |
|---|---|
| Category |
Equity US |
| Asset class |
Equity |
| Holdings |
503 |
| Top 10 holdings |
37.6% of assets |
| Largest sectors |
Technology 37.5%, Financial Services 12.3%, Healthcare 10.3% |
| Expense ratio |
0.09% |
| Market-cap mix |
Large 99.9%, mid 0.1%, small 0.0% |
| 88/100 |
|
| P/E |
19.33 |
| P/B |
4.37 |
| Dividend yield |
1.03% |
| Year-to-date return |
+8.33% |
| Top holdings |
AAPL (7.70%), NVDA (7.31%), MSFT (6.23%), AMZN (3.94%), GOOGL (2.56%) |
Holdings, performance and fees for SPY are on its fund summary page ; the ETF Screener lines it up against its peers. For the stock behind its biggest buy, see ORCL's GF Value page and guru trades .
More on GuruFocus: ETF Trends | ETF Screener
What should investors watch next for SPY?
Watch whether the broad pullback in mega-cap technology names continues in SPY 's next holdings update, and whether Oracle's added stake grows into a larger position.
Based on holdings changes reported by SPDR S&P 500 ETF Trust ( SPY ) for Nov. 4, 2026, US-listed stocks only.
What else did ETFs trade on Wednesday?
-
Oracle ( NYSE:ORCL ) Sees $1.34 Billion in Net ETF Buying on Wednesday
-
ETFs Are Net Sellers of Apple ( NASDAQ:AAPL ) on Nov. 4
-
NVIDIA ( NASDAQ:NVDA ) Sees $118.8 Million in Net ETF Selling on Wednesday
-
ETFs Are Net Sellers of Microsoft ( NASDAQ:MSFT ) on Nov. 4
