S&P 500 materials sector.
We resolve 66% of XLB’s reported NAV to covered tickers; the remaining ~34% is cash, non-equity, foreign lines and names we don’t cover — the honest tail of a CUSIP-based resolution, not a data gap you should read as holdings we hid.
Covered positions by weight, as of 2026-03-31. Each links to its stock page and our full verdict.
| # | Holding | Our call | % of NAV | Value |
|---|---|---|---|---|
| 1 | NEM | Hold | 7.36% | $481M |
| 2 | FCX | Hold | 5.26% | $344M |
| 3 | CTVA | Hold | 4.75% | $311M |
| 4 | APD | Hold | 4.67% | $305M |
| 5 | SHW | Hold | 4.60% | $301M |
| 6 | VMC | Hold | 4.51% | $295M |
| 7 | MLM | Hold | 4.40% | $288M |
| 8 | ECL | Hold | 4.29% | $280M |
| 9 | DOW | Sell | 3.75% | $245M |
| 10 | STLD | Sell | 3.10% | $203M |
| 11 | PPG | Hold | 3.01% | $197M |
| 12 | ALB | Hold | 2.65% | $173M |
| 13 | PKG | Hold | 2.38% | $155M |
| 14 | IP | Hold | 2.36% | $155M |
| 15 | DD | Hold | 2.35% | $154M |
| 16 | IFF | Hold | 2.33% | $152M |
| 17 | BALL | Hold | 1.99% | $130M |
| 18 | AVY | Hold | 1.67% | $109M |
| 19 | MOS | Hold | 1.01% | $66.3M |
Source: SEC Form N-PORT-P (the fund’s latest public fiscal-quarter-end report, filed ~2 months after the period). Weights and values are as reported in the filing — a delayed snapshot, not a live book. Positions are resolved to tickers via the filing’s identifiers and CUSIP mapping; unresolved lines are excluded. “Our call” is TENK/calls’s independent SEC-grounded verdict, not the fund’s view. No market-price data is used on this page.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.