What State Street Tech Select SPDR (XLK) Bought: Okta Leads on Nov. 3
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What State Street Tech Select SPDR (XLK) Bought: Okta Leads on Nov. 3 GuruFocus News Thu, November 5, 2026 at 6:04 AM EST OKTA -2.44% XLK -0.97% NVDA -0.90% AAPL +0.62% MSFT +0.22% This article first appeared on GuruFocus . State Street Technology Select Sector SPDR ETF ( XLK ) reported $352.2 million in gross ETF activity on Tuesday, with net selling of $42.2 million across its portfolio. XLK increased just 1 position and decreased 75, as the $117.06 billion fund trimmed across nearly its entire lineup. The largest single move was a new $155.0 million stake in Okta. Warning! GuruFocus has detected 5 Warning Signs with NSE:CLEANMAX. Is XLK fairly valued? Test your thesis with our free DCF calculator. More on GuruFocus: ETF Trends | ETF Screener Its largest buys by dollar value were OKTA ($155.0 million). Its largest sells by dollar value were NVDA ($30.6 million), AAPL ($29.6 million) and MSFT ($23.6 million). Okta ( OKTA ) was XLK 's only reported buy and a new position, valued at $155.0 million for 817,300 shares, at a 0.13% weight. On the sell side, the fund cut NVIDIA ( NVDA ) by 147,900 shares for $30.6 million, Apple ( AAPL ) by 89,160 shares for $29.6 million and Microsoft ( MSFT ) by 45,355 shares for $23.6 million. Broadcom ( AVGO ) fell $9.7 million and Advanced Micro Devices ( AMD ) $8.7 million. No positions were fully exited. XLK is an equity sector information technology fund holding 76 stocks, with 64.6% of assets in its 10 largest holdings. Technology accounts for 100.0% of the stocks that could be classified, and the portfolio is 100.0% large-cap. It charges an expense ratio of 0.08%. Its top holdings are NVIDIA at 15.48%, Apple at 14.99%, Microsoft at 11.97%, Broadcom at 4.89% and Advanced Micro Devices at 4.43%. The fund has a GF Score of 90, a P/E of 32.31, a P/B of 10.93, a dividend yield of 0.5% and a year-to-date return of 23.04%. NVDA (15.48%), AAPL (14.99%), MSFT (11.97%), AVGO (4.89%), AMD (4.43%) Holdings, performance and fees for XLK are on its fund summary page ; the ETF Screener lines it up against its peers. For the stock behind its biggest buy, see OKTA's GF Value page and guru trades . Watch whether Okta's new 0.13% stake grows in the next update and whether the broad trimming of NVIDIA, Apple and Microsoft continues. Based on holdings changes reported by State Street Technology Select Sector SPDR ETF ( XLK ) for Nov. 3, 2026, US-listed stocks only. ETFs Bought $355.3 Million of NVIDIA ( NASDAQ:NVDA ) on Nov. 3 ETFs Bought $121.6 Million of Apple ( NASDAQ:AAPL ) on Nov. 3 ETFs Bought $104.3 Million of Broadcom ( NASDAQ:AVGO ) on Nov. 3 48 ETFs Add to Microsoft ( NASDAQ:MSFT ) Holdings on Nov. 3 ETFs Are Buying Advanced Micro Devices ( NASDAQ:AMD ) on Tuesday
AI 시장 분석
State Street's tech sector ETF, XLK, recorded $42.2 million in net outflows amid total trading activity of $352.2 million on November 3. During this process, it trimmed 75 stocks and newly added Okta with a $155 million stake, while heavily selling major big tech stocks such as NVDA, AAPL, and MSFT. This capital reallocation demonstrates a portfolio weight adjustment focused on large-cap tech and a selective buying stance toward specific cybersecurity stocks.
상승 영향
- Cybersecurity — State Street's XLK ETF newly included Okta on a scale of $155 million, granting it a 0.13% weighting, which strengthens the company's stock price upward momentum.
하락 영향
- Semiconductors — The XLK ETF heavily sold large-cap semiconductor stocks such as NVDA ($30.6M), AMD ($8.7M), and Broadcom ($9.7M), causing short-term supply and demand deterioration and downward pressure on stock prices.
- Big Tech — XLK reduced its stakes in core tech stocks such as Apple ($29.6M) and Microsoft ($23.6M), negatively impacting large-cap centered investment sentiment.
DYAX 전담 분석
This portfolio adjustment by XLK has a causal relationship in reducing weights of large-cap tech stocks like NVDA ($30.6M sold), AAPL ($29.6M sold), and MSFT ($23.6M sold), while newly investing $155 million in Okta. This exhibits the nature of profit-taking after the large-cap rally and portfolio risk diversification, which could act as temporary downward pressure on supply and demand across technology stocks overall.
The bullish scenario is that Okta's new inclusion spreads buying momentum across the entire cybersecurity sector, while the bearish scenario is that big tech selling continues, triggering further capital outflows from the ETF overall. Key monitoring points ahead will be whether XLK's selling trend in large-cap tech persists and the trajectory of Okta stake expansion.
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