This article first appeared on GuruFocus .
State Street SPDR Portfolio S&P 600TM Small Cap ETF ( SPSM ) added to 214 positions while trimming just 2 on Tuesday, a broad buildup across its portfolio. The fund's ETF activity totaled $276.2 million in gross trades, with $25.8 million net bought against $16.10 billion in assets.
What did SPSM buy on Tuesday?
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Its largest buys by dollar value were MGRC ($29.8 million), LOAR ($22.3 million) and PAYC ($1.0 million).
| Stock |
Shares changed |
Value |
Position |
|---|---|---|---|
| MCGRATH RENTCORP ( MGRC ) |
+224,000 |
$29.8M |
New position |
| LOAR HOLDINGS INC ( LOAR ) |
+326,500 |
$22.3M |
New position |
| PAYCOM SOFTWARE INC ( PAYC ) |
+3,700 |
$1.0M |
0.58% of fund |
| JACKSON FINANCIAL INC A ( JXN ) |
+6,500 |
$0.9M |
0.50% of fund |
| MATCH GROUP INC ( MTCH ) |
+22,800 |
$0.9M |
0.51% of fund |
What did SPSM sell on Tuesday?
Its largest sells by dollar value were GKOS ($125.2 million) and NAVI ($0.0 million).
| Stock |
Shares changed |
Value |
Position |
|---|---|---|---|
| GLAUKOS CORP ( GKOS ) |
-537,349 |
-$125.2M |
Sold out |
| NAVIENT HOLDINGS INC ( NAVI ) |
-294 |
$0.0M |
0.03% of fund |
McGrath RentCorp led the buying at $29.8 million, a new 0.19% position, followed by Loar Holdings at $22.3 million, also new at 0.14%. Smaller adds went to Paycom Software ($1.0 million), Jackson Financial ($0.9 million) and Match Group ($0.9 million). On the sell side, Glaukos was fully exited for $125.2 million, while Navient was trimmed by a negligible amount.
How does SPSM invest?
The fund is an Equity US Sm&Mid Cap ETF holding 602 stocks, with 5.2% of assets in its 10 largest holdings. Financial Services (17.4%), Industrials (16.1%) and Technology (14.9%) lead its sectors, and its market-cap mix is 1.1% large cap, 85.4% mid cap and 13.6% small cap. It charges 0.03% and its top holdings include ViaSat (0.59%), Paycom Software (0.58%) and Ryman Hospitality Properties (0.53%). It has a GF Score of 76, a P/E of 16.56, a P/B of 1.86, a dividend yield of 1.59% and a year-to-date return of 19.92%.
State Street SPDR Portfolio S&P 600TM Small Cap ETF ( SPSM ) at a glance
| Measure |
Value |
|---|---|
| Category |
Equity US Sm&Mid Cap |
| Asset class |
Equity |
| Holdings |
602 |
| Top 10 holdings |
5.2% of assets |
| Largest sectors |
Financial Services 17.4%, Industrials 16.1%, Technology 14.9% |
| Expense ratio |
0.03% |
| Market-cap mix |
Large 1.1%, mid 85.4%, small 13.6% |
| 76/100 |
|
| P/E |
16.56 |
| P/B |
1.86 |
| Dividend yield |
1.59% |
| Year-to-date return |
+19.92% |
| Top holdings |
VSAT (0.59%), PAYC (0.58%), RHP (0.53%), PTGX (0.52%), MTCH (0.51%) |
See the full State Street SPDR Portfolio S&P 600TM Small Cap ETF profile , or compare it with similar funds in the ETF Screener . For the stock behind its biggest buy, see MGRC's GF Value page and guru trades .
What should investors watch next for SPSM?
Watch whether the new McGrath RentCorp and Loar Holdings stakes are built out further, and whether the Glaukos exit is followed by more reductions.
Based on holdings changes reported by State Street SPDR Portfolio S&P 600TM Small Cap ETF ( SPSM ) for Nov. 3, 2026, US-listed stocks only.
See which funds are buying and selling on GuruFocus ETF Trends , or find and compare funds with the ETF Screener .
What else did ETFs trade on Tuesday?
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Sector Trends: Technology Leads, Consumer Defensive Sold on Nov. 3
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ETFs Are Buying McGrath RentCorp ( NASDAQ:MGRC ) on Nov. 3
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ETFs Are Buying Loar Holdings ( NYSE:LOAR ) on Tuesday
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iShares Core S&P Mid-Cap (IJH) Adds Glaukos and TechnipFMC on Nov. 3
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Invesco S&P 500 Equal Weight (RSP) Adds Kimberly-Clark and Moderna on Nov. 3
