Portfolio concentration
As of January 31, 2026 · N-PORT
Holdings
10
Top-10 weight
100.00%
Effective holdings
?
The number of equal-weight positions that would produce this portfolio's concentration (1 ÷ Herfindahl index). A 500-stock fund dominated by a few mega-caps might have only ~100 effective holdings.
5
Crowding
?
The value-weighted average number of funds that also own this fund's positions. High = consensus/crowded picks; low = holdings few other funds own.
60.3
Holdings
As of January 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | TECHNOLOGY SELECT SECT SPDR MUTUAL FUND | XLK | 5,564,318 | $800.59M | 32.15% |
| 2 | State Street Health Care Select Sector SPDR ETF USD Class | XLV | 2,888,325 | $446.94M | 17.95% |
| 3 | State StreetFinSelSectSPDRETF | XLF | 7,590,438 | $405.63M | 16.29% |
| 4 | State Street Communication Services Select Sector SPDR ETF | XLC | 3,156,863 | $379.08M | 15.22% |
| 5 | STATE STREET CONSUMER DISCRETIONARY SELECT S SPDR | XLY | 2,101,190 | $254.60M | 10.22% |
| 6 | STATE STREET MATERIALS SELECT SECTOR SPDR ETF MUTUAL FUND | XLB | 1,620,880 | $79.86M | 3.21% |
| 7 | ISHARES U S HOME CONSTRUCTION ETF | ITB | 650,310 | $66.35M | 2.66% |
| 8 | V/E SEMICONDUCT | SMH | 68,558 | $27.66M | 1.11% |
| 9 | iShares Expanded Tech-Software Sector ETF | IGV | 227,944 | $20.59M | 0.83% |
| 10 | STATE STR INSTL INVT TR TREAS MMKT FD INST | TRIXX | 9,769,482 | $9.77M | 0.39% |
| 11 | US ULTRA BOND CBT Sep25 | — | 0 | $0 | 0.00% |
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