State Street Corp

State Street’s portfolio reflects a large-cap, growth-oriented indexing or quasi-indexing philosophy, with massive assets under management—$2.9 trillion as of Q1 2026—held across over 4,200 positions. The top 15 holdings account for 34.3% of total assets, anchored by a 17.8% combined weight in NVIDIA, Apple, and Microsoft, underscoring heavy concentration in mega-cap technology leaders. Technology leads sector allocation at 28.6%, followed by Financial Services at 10.9% and Industrials at 9.8%, signaling broad market exposure with a pronounced tilt toward innovation-driven sectors. This composition reveals high conviction in dominant growth names while maintaining diversification, consistent with a passive or factor-based strategy that mirrors broad equity benchmarks rather than active bets.