State Street Financial Select Sector SPDR (XLF) Sells Berkshire, JPMorgan on Friday

gurufocus.com · 2026-10-06

State Street Financial Select Sector SPDR ETF (XLF) reported only selling in its latest daily holdings update on Friday, Oct. 2, with gross traded of $192.4 mil

TickrTrends take: State Street's Financial Select Sector SPDR fund reduced its holdings in Berkshire Hathaway on Friday, a move that reflects broader portfolio adjustments within the financial services sector. Given TickrTrends' current overvalued assessment of BRK-B, this institutional selling could indicate that major index funds are recalibrating their weightings after the stock's valuation has extended beyond justified levels. Investors focused on valuation metrics should monitor whether additional large financial sector funds follow suit, as such moves could either confirm overvaluation concerns or signal temporary rebalancing unrelated to fundamental concerns.

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