This article first appeared on GuruFocus .
State Street Communication Services Select Sector SPDR ETF ( XLC ) sold $466.9 million of stock and bought nothing on Tuesday, Nov. 3, cutting every one of its 22 positions. The $21.64 billion fund recorded no increases and no new buys, leaving its net flow at -$466.9 million for the session.
What did XLC sell on Tuesday?
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Its largest sells by dollar value were META ($102.6 million), GOOGL ($51.2 million) and GOOG ($41.2 million).
| Stock |
Shares changed |
Value |
Position |
|---|---|---|---|
| META PLATFORMS INC CLASS A ( META ) |
-165,232 |
-$102.6M |
21.98% of fund |
| ALPHABET INC CL A ( GOOGL ) |
-182,804 |
-$51.2M |
10.97% of fund |
| ALPHABET INC CL C ( GOOG ) |
-148,028 |
-$41.2M |
8.83% of fund |
| WALT DISNEY CO/THE ( DIS ) |
-231,104 |
-$26.4M |
5.65% of fund |
| COMCAST CORP CLASS A ( CMCSA ) |
-979,064 |
-$23.2M |
4.96% of fund |
The largest sale was $102.6 million of Meta Platforms Class A, which still makes up 21.98% of the fund. XLC also sold $51.2 million of Alphabet Class A and $41.2 million of Alphabet Class C, along with $26.4 million of Walt Disney and $23.2 million of Comcast. None of the sales were full exits, and no new positions were opened.
How does XLC invest?
XLC is an equity sector communication services fund holding 22 stocks, with 75.0% of assets in its 10 largest holdings and all of its classified stocks in communication services. Its portfolio is entirely large-cap, and it carries an expense ratio of 0.08%. Top holdings include Meta Platforms Class A at 21.98%, Alphabet Class A at 10.97%, Alphabet Class C at 8.83%, Walt Disney at 5.65% and Comcast at 4.96%. The fund has a GF Score of 85, a P/E of 14.66, a P/B of 2.37, a dividend yield of 1.39% and a year-to-date return of -10.03%.
State Street Communication Services Select Sector SPDR ETF ( XLC ) at a glance
| Measure |
Value |
|---|---|
| Category |
Equity Sector Communication Services |
| Asset class |
Equity |
| Holdings |
22 |
| Top 10 holdings |
75.0% of assets |
| Largest sectors |
Communication Services 100.0% |
| Expense ratio |
0.08% |
| Market-cap mix |
Large 100.0%, mid 0.0%, small 0.0% |
| 85/100 |
|
| P/E |
14.66 |
| P/B |
2.37 |
| Dividend yield |
1.39% |
| Year-to-date return |
-10.03% |
| Top holdings |
META (21.98%), GOOGL (10.97%), GOOG (8.83%), DIS (5.65%), CMCSA (4.96%) |
Holdings, performance and fees for XLC are on its fund summary page ; the ETF Screener lines it up against its peers. For the stock behind its biggest sell, see META's GF Value page and guru trades .
See which funds are buying and selling on GuruFocus ETF Trends , or find and compare funds with the ETF Screener .
What should investors watch next for XLC?
With every position trimmed and no buys, watch whether XLC 's next update shows further broad reductions or a return to adding to its largest holdings such as Meta and Alphabet.
Based on holdings changes reported by State Street Communication Services Select Sector SPDR ETF ( XLC ) for Nov. 3, 2026, US-listed stocks only.
