State Street Portfolio holdings
State Street Corporation, established in 1792 and headquartered in Boston, Massachusetts, is one of the oldest financial institutions in the United States and a major player in the global asset management and custody banking sectors. Primarily known for its custodial services, it safeguards assets for institutional investors, managing trillions of dollars through its State Street Global Advisors (SSGA) division, which is renowned for launching the first U.S. exchange-traded fund (ETF), the SPDR S&P 500 ETF (SPY), in 1993. The company provides a range of services including investment management, research, trading, and data analytics, catering mostly to institutional clients like pension funds, endowments, and mutual funds. With a focus on financial infrastructure and innovation, State Street has positioned itself as a key backbone in the global investment ecosystem.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$3.26B |
| 2 |
Apple
AAPL
|
+$3.09B |
| 3 |
ConocoPhillips
COP
|
+$1.86B |
| 4 |
Uber
UBER
|
+$1.85B |
| 5 |
Broadcom
AVGO
|
+$1.84B |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATVI
Activision Blizzard
ATVI
|
+$2.9B |
| 2 |
VMW
VMware, Inc
VMW
|
+$913M |
| 3 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$713M |
| 4 |
Danaher
DHR
|
+$627M |
| 5 |
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
|
+$606M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.11% |
| 2 | Financials | 12.81% |
| 3 | Healthcare | 12.79% |
| 4 | Consumer Discretionary | 10.15% |
| 5 | Industrials | 9.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CNR
901
Core Natural Resources Inc
CNR
$4.22B
| $182M | 0.01% |
1,813,503
-4,295
| -0.2% | -$437K |
|
902
Popular Inc
BPOP
$11.3B
| $182M | 0.01% |
2,200,619
+210,488
| +11% | +$14.9M |
|
903
Asbury Automotive
ABG
$3.94B
| $182M | 0.01% |
808,351
+19,539
| +2% | +$4.13M |
|
|
BCPC
904
Balchem Corp
BCPC
$5.7B
| $181M | 0.01% |
1,212,565
+74,561
| +7% | +$9.53M |
|
905
Houlihan Lokey
HLI
$8.96B
| $181M | 0.01% |
1,512,010
+636,333
| +73% | +$69M |
|
906
Sprouts Farmers Market
SFM
$7.94B
| $181M | 0.01% |
3,757,744
+25,412
| +0.7% | +$1.11M |
|
907
Evercore
EVR
$12.3B
| $181M | 0.01% |
1,056,240
+11,663
| +1% | +$1.69M |
|
908
Ameris Bancorp
ABCB
$5.97B
| $181M | 0.01% |
3,395,854
+352,228
| +12% | +$15.1M |
|
909
Affirm
AFRM
$26.3B
| $180M | 0.01% |
3,672,998
+235,199
| +7% | +$6.8M |
|
910
Aaon
AAON
$7.63B
| $180M | 0.01% |
2,442,342
+116,982
| +5% | +$7.22M |
|
911
First Financial Bankshares
FFIN
$5.06B
| $180M | 0.01% |
5,916,751
+654,505
| +12% | +$17.3M |
|
912
SPDR Gold Trust
GLD
$138B
| $180M | 0.01% |
940,625
+136,365
| +17% | +$25M |
|
913
Novartis
NVS
$294B
| $179M | 0.01% |
1,777,048
+20,534
| +1% | +$1.98M |
|
914
Revolution Medicines
RVMD
$41.9B
| $179M | 0.01% |
6,253,361
+2,385,751
| +62% | +$57.3M |
|
915
American States Water
AWR
$3.33B
| $179M | 0.01% |
2,225,994
-10,870
| -0.5% | -$870K |
|
916
Diodes
DIOD
$3.93B
| $179M | 0.01% |
2,217,495
+124,095
| +6% | +$9.06M |
|
917
Sabra Healthcare REIT
SBRA
$5.39B
| $178M | 0.01% |
12,498,600
+56,525
| +0.5% | +$803K |
|
918
COPT Defense Properties
CDP
$4.24B
| $178M | 0.01% |
6,882,087
+64,699
| +0.9% | +$1.57M |
|
919
KE Holdings
BEKE
$18.6B
| $178M | 0.01% |
10,988,754
+286,552
| +3% | +$4.43M |
|
920
California Water Service
CWT
$3.08B
| $178M | 0.01% |
3,432,302
+28,685
| +0.8% | +$1.44M |
|
921
Ryder
R
$10.2B
| $178M | 0.01% |
1,543,097
+17,499
| +1% | +$1.84M |
|
922
Iridium Communications
IRDM
$5.13B
| $177M | 0.01% |
4,290,627
+265,406
| +7% | +$10.5M |
|
|
UCB
923
United Community Banks
UCB
$4.32B
| $176M | 0.01% |
5,958,625
+797,689
| +15% | +$20.4M |
|
|
MZTI
924
The Marzetti Company
MZTI
$3.05B
| $175M | 0.01% |
1,052,944
-35,583
| -3% | -$5.98M |
|
925
Coherent
COHR
$64.2B
| $175M | 0.01% |
4,019,252
+374,014
| +10% | +$13.5M |
|
Similar funds
State Street's Q4 2023 Portfolio in Review
As of Q4 2023, State Street held 4,602 positions worth $2.06T, up 14% from $1.8T the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Trading was light in Q4 2023: portfolio turnover was 4.8%. State Street opened 54 new positions and exited 167, leaving the 4,602-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 25% a quarter earlier, followed by Financials and Healthcare.
- State Street's largest Q4 2023 buy was Veralto: 8,754,876 shares worth $721M.
- State Street added most to Microsoft in Q4 2023, an estimated $3.26B increase.
- State Street's biggest Q4 2023 reduction was Danaher, cutting an estimated $627M.
- State Street fully exited Activision Blizzard in Q4 2023, selling an estimated $2.9B.
- State Street's ten largest holdings make up 24% of its $2.06T portfolio in Q4 2023.
- State Street opened 54 new positions and closed 167 in Q4 2023.
- State Street's portfolio value rose 14% quarter-over-quarter to $2.06T.
Based on State Street's 13F filing for Q4 2023, filed 14 Feb 2024.