State Street SPDR S&P 500 ETF (SPY) Sells $109.8 Million More NVIDIA on Oct. 13
State Street SPDR S&P 500 ETF (SPY) sold $109.8 million of NVIDIA (NVDA), $99.0 million of Apple (AAPL), and $84.0 million of Microsoft (MSFT) on Oct. 13, while adding to positions in Emerson Electric (EMR), Hewlett Packard Enterprise (HPE), and others. SPY's largest holdings include NVDA, AAPL, and MSFT, with a 13.74% year-to-date return.
How this was made
The 30-second read
Why it matters
The ETF reduced its exposure to its three biggest tech holdings, which could modestly dampen short‑term price pressure on those stocks, while adding small positions in industrial and healthcare names.
Market read
ETF rebalancing signals passive demand shifts; impact is modest but relevant for short‑term traders tracking large fund flows.
What to watch
ETF rebalancing could be routine; underlying fundamentals of the sold stocks remain strong.
Background
SPY, the largest S&P 500 ETF, periodically adjusts its holdings; this report details its latest trades on Oct 13, 2026.
Ticker impact
SPY sold $109.8M of NVIDIA, reducing its weight to 8.23% of the fund.
likely pressure as the market prices in the large sell-off by SPY
ETF sell signals reduced demand from a large passive holder.
SPY sold $99.0M of Apple, cutting its fund weight to 7.42%.
likely pressure as SPY trims its Apple position
Large passive holder reduction can weigh on price.
SPY sold $84.0M of Microsoft, lowering its weight to 6.01% of the fund.
likely modest pressure as SPY reduces its Microsoft stake
ETF sell of a major holding can influence short-term sentiment.
SPY bought $2.2M of Emerson Electric, adding 0.14% to the fund.
likely slight upside as SPY adds to its position
Buy amount is modest relative to fund size.
SPY bought $2.1M of Hewlett Packard Enterprise, adding 0.14% to the fund.
likely slight upside as SPY increases its holding
Purchase size is small in context of overall holdings.
SPY bought $2.1M of Johnson Controls International, adding 0.14% to the fund.
likely slight upside as SPY adds to its position
Purchase is modest relative to fund size.
SPY bought $2.1M of McKesson, adding 0.17% to the fund.
likely slight upside as SPY increases its stake
Buy amount is relatively small.
SPY bought $2.0M of Trane Technologies, adding 0.16% to the fund.
likely slight upside as SPY adds to its holding
Purchase size is modest.
Market effects
Tech sector weight in SPY trimmed, potentially easing sector momentum.
US large‑cap market may see slight pullback from reduced exposure to top tech names.
Limited; primarily affects US equity passive investors.
Counterpoint
The sell‑off may be a buying opportunity if the broader market remains bullish on tech.
Key entities
- ETFState Street SPDR S&P 500 ETF Trust
Largest US equity index fund, managing $812.74B in assets.
