Financial Stocks
Top 10 of 76 XLF holdings, updated
As of 12 October 2026, financial stocks are losing ground: still ahead of the S&P 500 over the longer run, but behind over the past month. XLF trails the S&P 500 by 5.6 points over one month and ranks #69 of 115 groups Zensei tracks. 34 of the 76 financial stocks Zensei prices in XLF beat the fund this month.
Where financial stocks stand now
As of 12 October 2026, Financials (XLF) ranks #69 of the 115 groups Zensei tracks by one-month return against the S&P 500. It is losing its lead. It built a 0.1-point advantage over the S&P 500 across the longer, time-shifted window, but over the past month it has slipped 5.6 points behind the market — the Cooling quadrant of the rotation map.
On the shorter tape, XLF's momentum is weakening: the intraday trend that carried the move is cooling across the shorter windows. XLF's relative-strength line has broken below its long-term average — the long-term outperformance trend is no longer intact. Both signals point the same direction here: the market is not rewarding this group on either horizon.
The exposure comes via Financial Select Sector SPDR, whose 76 tracked holdings are led by Berkshire Hathaway Inc, JPMorgan Chase and Visa Inc. Weighted by portfolio, the fund's holdings trade at roughly 15.5× earnings. The thing to watch from here is whether this is a pause or a handoff: cooling groups sometimes reset and reclaim leadership, but a deepening one-month deficit usually means rotation has moved on.
As of , these are the largest financial stocks in XLF by fund weight, and the strongest over the past month. Size and recent return are measurements, not recommendations.
Top financial stocks by fund weight
Ranked by largest share of XLF
- 1Berkshire Hathaway IncBRK-B12.4%
- 2JPMorgan ChaseJPM11.5%
- 3Visa IncV8.3%
- 4Mastercard IncMA6.1%
- 5Bank of AmericaBAC4.6%
Best financial stocks this month
Ranked by one-month return, among the holdings Zensei prices
- 1Factset Research Systems IncFDS+11.2%
- 2Cboe Global Markets IncCBOE+6.0%
- 3Visa IncV+5.1%
- 4Mastercard IncMA+4.7%
- 5WR Berkley CorpWRB+4.5%
Financial Stocks vs the S&P 500
Over the week to 12 October 2026, XLF rose 2.2% while the S&P 500 rose 0.4%. The table compares XLF and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means XLF won that window.
Prices as of · computed from daily adjusted closes · how we measure
Financials on the rotation map, against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window.
Are financial stocks expensive?
The price-to-earnings ratio of XLF as a whole: the total price of its holdings over their total earnings, weighted by share of the fund. Holdings that lose money are left out. Compare with every sector and theme: P/E ratio by sector.
XLF holdings: the financial stocks inside
This list covers all 76 financial stocks in XLF, heaviest first; the 10 largest show their returns where Zensei has a price. As of 12 October 2026, 34 of the 76 financial stocks Zensei prices in XLF beat the fund over the past month. 11 of them beat the S&P 500. The strongest is Factset Research Systems Inc (FDS); the weakest is The Goldman Sachs Group Inc (GS). Inside the fund, the holdings split between winners and losers.
| # | Holding | Weight | 1M | 3M | vs fund 1M | Momentum | RS health |
|---|---|---|---|---|---|---|---|
| 1 | BRK-BBerkshire Hathaway Inc | 12.4% | +1.4% | +4.2% | +4.9 pts | Cruising | Strong |
| 2 | JPMJPMorgan Chase | 11.5% | −5.6% | +0.5% | −2.1 pts | Weak | Broken |
| 3 | VVisa Inc | 8.3% | +5.1% | +9.0% | +8.6 pts | Accelerating | Strong |
| 4 | MAMastercard Inc | 6.1% | +4.7% | +10.8% | |||
| 5 | BACBank of America | 4.6% | −13.0% | −7.8% | |||
| 6 | GSThe Goldman Sachs Group Inc | 3.4% | −13.1% | −14.0% | |||
| 7 | WFCWells Fargo | 3.2% | −7.7% | −4.4% | |||
| 8 | MSMorgan Stanley | 3.0% | −11.4% | −13.6% | |||
| 9 | CCitigroup Inc | 2.8% | −5.0% | −5.8% | |||
| 10 | AXPAmerican Express Co | 2.1% | −3.8% | −11.8% |
All 76 XLF holdings by weight: Berkshire Hathaway Inc (BRK-B) 12.4%, JPMorgan Chase (JPM) 11.5%, Visa Inc (V) 8.3%, Mastercard Inc (MA) 6.1%, Bank of America (BAC) 4.6%, The Goldman Sachs Group Inc (GS) 3.4%, Wells Fargo (WFC) 3.2%, Morgan Stanley (MS) 3.0%, Citigroup Inc (C) 2.8%, American Express Co (AXP) 2.1%, Charles Schwab Corp (SCHW) 2.1%, Blackrock Inc (BLK) 2.0%, Progressive Corp (PGR) 1.6%, Capital One Financial Corp (COF) 1.6%, S&P Global Inc (SPGI) 1.6%, Chubb Ltd (CB) 1.6%, Bank of New York Mellon Corp (BNY) 1.3%, CME Group Inc (CME) 1.3%, U.S. Bancorp (USB) 1.1%, Robinhood Markets (HOOD) 1.1%, PNC Financial Services Group Inc (PNC) 1.1%, Intercontinental Exchange Inc (ICE) 1.1%, Blackstone Inc (BX) 1.1%, Marsh (MRSH) 1.1%, The Travelers Companies Inc (TRV) 1.0%, Moodys Corp (MCO) 0.9%, KKR & Co Inc (KKR) 0.8%, Arthur J. Gallagher & Co (AJG) 0.8%, AON PLC (AON) 0.8%, Allstate Corp (ALL) 0.8%, Truist Financial Corp (TFC) 0.7%, Apollo Global Management Inc (APO) 0.7%, Metlife Inc (MET) 0.7%, Aflac Inc (AFL) 0.7%, State Street Corp (STT) 0.6%, PayPal (PYPL) 0.6%, Fifth Third Bancorp (FITB) 0.6%, Ameriprise Financial Inc (AMP) 0.6%, Block Inc (XYZ) 0.5%, Nasdaq Inc (NDAQ) 0.5%, Msci Inc (MSCI) 0.5%, Interactive Brokers Group Inc (IBKR) 0.5%, Coinbase (COIN) 0.5%, American International Group Inc (AIG) 0.5%, Prudential Financial Inc (PRU) 0.5%, The Hartford Insurance Group Inc (HIG) 0.4%, Arch Capital Group Ltd (ACGL) 0.4%, M&T Bank Corp (MTB) 0.4%, Northern Trust Corp (NTRS) 0.4%, Huntington Bancshares Inc (HBAN) 0.4%, Cboe Global Markets Inc (CBOE) 0.4%, Willis Towers Watson PLC (WTW) 0.4%, Raymond James Financial Inc (RJF) 0.4%, Corpay Inc (CPAY) 0.4%, Citizens Financial Group Inc (CFG) 0.4%, ARES 0.3%, Cincinnati Financial Corp (CINF) 0.3%, Fiserv Inc (FISV) 0.3%, Synchrony Financial (SYF) 0.3%, Regions Financial Corp (RF) 0.3%, T. Rowe Price Group Inc (TROW) 0.3%, Principal Financial Group Inc (PFG) 0.3%, Keycorp (KEY) 0.2%, Global Payments Inc (GPN) 0.2%, Brown & Brown Inc (BRO) 0.2%, Loews Corp (L) 0.2%, Fidelity National Information Services Inc (FIS) 0.2%, WR Berkley Corp (WRB) 0.2%, Invesco Ltd (IVZ) 0.2%, Assurant Inc (AIZ) 0.2%, Everest Group Ltd (EG) 0.2%, Globe Life Inc (GL) 0.2%, Jack Henry & Associates Inc (JKHY) 0.1%, Franklin Templeton Inc (BEN) 0.1%, Factset Research Systems Inc (FDS) 0.1%, Erie Indemnity Co (ERIE) 0.1%.
Financial Stocks: common questions
Financial stocks list: which stocks are in XLF?
As of 12 October 2026, XLF holds 76 financial stocks, and this page lists all 76. The three largest by fund weight are Berkshire Hathaway Inc (BRK-B, 12.4%), JPMorgan Chase (JPM, 11.5%) and Visa Inc (V, 8.3%). Each one shows its fund weight; the 10 largest also show their one-month and three-month returns where Zensei has a price.
What are the best financial stocks this month?
As of 12 October 2026, ranked by one-month return, the three strongest financial stocks in XLF are Factset Research Systems Inc (FDS, +11.2%), Cboe Global Markets Inc (CBOE, +6.0%) and Visa Inc (V, +5.1%). This ranks past return only; it does not forecast the next month.
What are the top 3 financial stocks?
As of 12 October 2026, the three largest financial stocks in XLF by fund weight are Berkshire Hathaway Inc (BRK-B, 12.4%), JPMorgan Chase (JPM, 11.5%) and Visa Inc (V, 8.3%). Fund weight shows size inside the fund, not a recommendation.
Which financial stocks are beating the sector?
As of 12 October 2026, 34 of the 76 financial stocks Zensei prices in XLF beat the fund over the past month. The strongest over the past month is Factset Research Systems Inc (FDS). The table above shows the largest holdings with their weights and returns.
Which ETF holds financial stocks?
Several ETFs hold financial stocks. Zensei tracks the group through XLF, the Financial Select Sector SPDR. As of 12 October 2026, its published holdings list 76 financial stocks, and the 10 largest make up 57.5% of the fund.
Are financial stocks outperforming the S&P 500?
No. As of 12 October 2026, XLF trails the S&P 500 by 5.6 points over the past month.
What is XLF?
XLF is Financial Select Sector SPDR. Zensei uses it to measure financial stocks against the S&P 500 (SPY).
What stocks does XLF own?
As of 12 October 2026, the largest of the 76 positions Zensei tracks in XLF are Berkshire Hathaway Inc, JPMorgan Chase, Visa Inc, Mastercard Inc, Bank of America. Each position measured against the fund, with momentum and relative strength, comes with a free Zensei account.
What quadrant is financials in right now?
As of 12 October 2026, financials is in the Cooling quadrant — still ahead over the longer window, but behind the market over the past month. The Zensei methodology page explains the quadrants.
Recent changes
- ·First tracked: losing ground
Related sectors
Track financials against the whole market
Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.
Compare all sectors: Sector heat map · Sector P/E ratios