This article first appeared on GuruFocus .
State Street Financial Select Sector SPDR ETF ( XLF ) posted net selling of $370.1 million on Friday, with gross traded of $370.1 million and no purchases. XLF decreased all 76 of its positions and increased none, leaving its $53.58 billion portfolio trimmed across the board in a session of pure ETF activity .
See which funds are buying and selling on GuruFocus ETF Trends , or find and compare funds with the ETF Screener .
What did XLF sell on Friday?
Its largest sells by dollar value were BRK.B ($47.0 million), JPM ($41.7 million) and V ($32.8 million).
| Stock |
Shares changed |
Value |
Position |
|---|---|---|---|
| BERKSHIRE HATHAWAY INC CL B ( BRK.B ) |
-86,722 |
-$47.0M |
12.71% of fund |
| JPMORGAN CHASE + CO ( JPM ) |
-123,664 |
-$41.7M |
11.27% of fund |
| VISA INC CLASS A SHARES ( V ) |
-79,255 |
-$32.8M |
8.86% of fund |
| MASTERCARD INC A ( MA ) |
-37,597 |
-$24.0M |
6.49% of fund |
| BANK OF AMERICA CORP ( BAC ) |
-302,741 |
-$15.1M |
4.09% of fund |
The largest sells were Berkshire Hathaway ( BRK.B ), down 86,722 shares for $47.0 million, and JPMorgan Chase ( JPM ), down 123,664 shares for $41.7 million. Visa ( V ) fell 79,255 shares for $32.8 million, Mastercard ( MA ) dropped 37,597 shares for $24.0 million and Bank of America ( BAC ) shed 302,741 shares for $15.1 million. None of the moves were new positions or full exits.
How does XLF invest?
XLF is an Equity Sector Financials equity fund holding 76 stocks, with 57.3% of assets in its 10 largest holdings. Financial Services accounts for 98.2% of classified stocks, Technology 1.6% and Industrials 0.3%, and the portfolio is 100.0% large-cap. It has an expense ratio of 0.08%, a GF Score of 85, a P/E of 13.72, a P/B of 1.95, a dividend yield of 1.37% and a year-to-date return of 6.38%. Top holdings include Berkshire Hathaway at 12.71%, JPMorgan Chase at 11.27%, Visa at 8.86%, Mastercard at 6.49% and Bank of America at 4.09%.
State Street Financial Select Sector SPDR ETF ( XLF ) at a glance
| Measure |
Value |
|---|---|
| Category |
Equity Sector Financials |
| Asset class |
Equity |
| Holdings |
76 |
| Top 10 holdings |
57.3% of assets |
| Largest sectors |
Financial Services 98.2%, Technology 1.6%, Industrials 0.3% |
| Expense ratio |
0.08% |
| Market-cap mix |
Large 100.0%, mid 0.0%, small 0.0% |
| 85/100 |
|
| P/E |
13.72 |
| P/B |
1.95 |
| Dividend yield |
1.37% |
| Year-to-date return |
+6.38% |
| Top holdings |
BRK.B (12.71%), JPM (11.27%), V (8.86%), MA (6.49%), BAC (4.09%) |
See the full State Street Financial Select Sector SPDR ETF profile , or compare it with similar funds in the ETF Screener . For the stock behind its biggest sell, see BRK.B's GF Value page and guru trades .
What should investors watch next for XLF?
With every position trimmed and no buys, watch whether XLF continues broad-based selling or rotates back into its largest financial holdings at the next holdings update.
Based on holdings changes reported by State Street Financial Select Sector SPDR ETF ( XLF ) for Oct. 30, 2026, US-listed stocks only.
