This article first appeared on GuruFocus .
State Street Financial Select Sector SPDR ETF ( XLF ) reported $885.1 million in gross ETF activity on Thursday, all of it on the buy side. XLF increased all 76 of its positions and decreased none, with net buying of $885.1 million against a fund AUM of $53.58 billion.
What did XLF buy on Thursday?
Its largest buys by dollar value were BRK.B ($111.6 million), JPM ($100.9 million) and V ($77.2 million).
| Stock |
Shares changed |
Value |
Position |
|---|---|---|---|
| BERKSHIRE HATHAWAY INC CL B ( BRK.B ) |
+205,882 |
$111.6M |
12.60% of fund |
| JPMORGAN CHASE + CO ( JPM ) |
+293,584 |
$100.9M |
11.40% of fund |
| VISA INC CLASS A SHARES ( V ) |
+188,155 |
$77.2M |
8.73% of fund |
| MASTERCARD INC A ( MA ) |
+89,257 |
$56.7M |
6.42% of fund |
| BANK OF AMERICA CORP ( BAC ) |
+718,721 |
$36.8M |
4.15% of fund |
The largest buy was Berkshire Hathaway, where XLF added 205,882 shares worth $111.6 million, keeping it the top holding at 12.6% of assets. JPMorgan Chase followed with 293,584 shares added for $100.9 million, then Visa with 188,155 shares for $77.2 million, Mastercard with 89,257 shares for $56.7 million and Bank of America with 718,721 shares for $36.8 million. None of the buys were new positions and there were no exits.
How does XLF invest?
XLF is an Equity Sector Financials equity fund holding 76 stocks, with 57.5% of assets in its 10 largest holdings. Financial Services accounts for 98.2% of the stocks that could be classified, Technology 1.6% and Industrials 0.2%, and the portfolio is 100.0% large-cap. It charges an expense ratio of 0.08%, and its top holdings are Berkshire Hathaway at 12.6%, JPMorgan Chase at 11.4%, Visa at 8.73%, Mastercard at 6.42% and Bank of America at 4.15%. The fund has a GF Score of 85, a P/E of 13.72, a P/B of 1.95, a dividend yield of 1.39% and a year-to-date return of 4.44%.
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 |
57.5% of assets |
| Largest sectors |
Financial Services 98.2%, Technology 1.6%, Industrials 0.2% |
| 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 |
1.39% |
| Year-to-date return |
+4.44% |
| Top holdings |
BRK.B (12.60%), JPM (11.40%), V (8.73%), MA (6.42%), BAC (4.15%) |
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 buy, see BRK.B's GF Value page and guru trades .
What should investors watch next for XLF?
With every position raised and no sells, watch whether XLF keeps adding across the board or shifts to trimming its largest weights in the next holdings update.
Based on holdings changes reported by State Street Financial Select Sector SPDR ETF ( XLF ) for Oct. 29, 2026, US-listed stocks only.
Track the latest ETF buying and selling trends and search funds in the GuruFocus ETF Screener .
What else did ETFs trade on Thursday?
-
Sector Trends: Energy Leads, Technology Sold Most on Oct. 29
-
ETFs Bought $83.1 Million of JPMorgan ( NYSE:JPM ) on Oct. 29
-
ETFs Bought $81.5 Million of Berkshire Hathaway ( NYSE:BRK.B ) on Thursday
-
ETFs Bought $64.1 Million of Visa ( NYSE:V ) on Oct. 29
-
ETFs Are Buying Mastercard ( NYSE:MA ) on Thursday
