This article first appeared on GuruFocus .
State Street Communication Services Select Sector SPDR ETF ( XLC ) cut every one of its 22 positions on Monday, Nov. 2, with no increases and no new buys. The fund sold $175.5 million of stock and bought nothing, for net sales of $175.5 million against $21.64 billion in assets. XLC has now trimmed all 22 positions in a single day.
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What did XLC sell on Monday?
Its largest sells by dollar value were META ($38.1 million), GOOGL ($19.4 million) and GOOG ($15.7 million).
| Stock |
Shares changed |
Value |
Position |
|---|---|---|---|
| META PLATFORMS INC CLASS A ( META ) |
-62,860 |
-$38.1M |
21.73% of fund |
| ALPHABET INC CL A ( GOOGL ) |
-69,545 |
-$19.4M |
11.06% of fund |
| ALPHABET INC CL C ( GOOG ) |
-56,315 |
-$15.7M |
8.93% of fund |
| WALT DISNEY CO/THE ( DIS ) |
-87,920 |
-$9.9M |
5.67% of fund |
| COMCAST CORP CLASS A ( CMCSA ) |
-372,470 |
-$8.9M |
5.07% of fund |
The largest sale was $38.1 million of Meta Platforms Class A, a reduction of 62,860 shares. Alphabet Class A followed at $19.4 million (69,545 shares) and Alphabet Class C at $15.7 million (56,315 shares). Walt Disney was cut by $9.9 million (87,920 shares) and Comcast by $8.9 million (372,470 shares). None of the sales were new positions or full exits.
How does XLC invest?
XLC is an equity sector communication services fund holding 22 stocks, with 75.4% of assets in its 10 largest holdings. Communication Services accounts for 100.0% of the stocks that could be classified, and the portfolio is 100.0% large-cap. It charges 0.08% and its top holdings are Meta Platforms Class A at 21.73%, Alphabet Class A at 11.06%, Alphabet Class C at 8.93%, Walt Disney at 5.67% and Comcast at 5.07%. The fund has a GF Score of 85, a P/E of 14.66, a P/B of 2.37, a dividend yield of 1.44% and a year-to-date return of -13.04%.
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 |
75.4% 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 |
1.44% |
| Year-to-date return |
-13.04% |
| Top holdings |
META (21.73%), GOOGL (11.06%), GOOG (8.93%), DIS (5.67%), CMCSA (5.07%) |
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 .
What should investors watch next for XLC?
With all 22 positions trimmed and no buys, watch whether XLC keeps shrinking its holdings or rotates back into names in the next update. Also watch whether Meta's 21.73% weight shifts further.
Based on holdings changes reported by State Street Communication Services Select Sector SPDR ETF ( XLC ) for Nov. 2, 2026, US-listed stocks only.
