XLK Does Not Own Alphabet, Amazon, Meta, Netflix or Tesla. Three Stocks Are 35.87% of It
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Millions of investors bought XLK expecting broad exposure to the companies reshaping the economy, but a closer look at its SEC filing reveals several of the most recognizable names in tech are nowhere inside it, and the ones that are create a concentration few buyers anticipate.
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XLK Does Not Own Alphabet, Amazon, Meta, Netflix or Tesla. Three Stocks Are 35.87% of It
Millions of investors bought XLK expecting broad exposure to the companies reshaping the economy, but a closer look at its SEC filing reveals several of the most recognizable names in tech are nowhere inside it, and the ones that are create a concentration few buyers anticipate.