Cargo Stocks
Top 10 of 30 SEA holdings, updated
As of 12 October 2026, cargo stocks are among the strongest groups in the market, well ahead of the S&P 500. SEA beats the S&P 500 by 5.5 points over one month and ranks #5 of 115 groups Zensei tracks. 4 of the 14 cargo stocks Zensei prices in SEA beat the fund this month.
Where cargo stocks stand now
As of 12 October 2026, Sea to Sky Cargo (SEA) ranks #5 of the 115 groups Zensei tracks by one-month return against the S&P 500, inside the top tier of the market. It sits in the Outperformers quadrant of the rotation map: it has decisively beaten the S&P 500 by 5.5 points over the past month, on top of a 14.6-point advantage over the longer, time-shifted window.
On the shorter tape, SEA's momentum reads strong: the recent hourly trend is positive across every lookback Zensei measures. SEA's relative-strength line — its price ratio against the S&P 500 — is trading above its moving averages, the healthiest configuration we track. The two signals agree — the short-term tape and the longer trend point the same way.
The exposure comes via U.S. Global Sea to Sky Cargo ETF, whose 30 tracked holdings are led by Okeanis ECO Tankers Corp, DHT Holdings Inc and Teekay Tankers Ltd. The thing to watch from here is durability: outperformers that hold their one-month spread while the longer window keeps building tend to stay out front; a fading spread is the early exit signal.
As of , these are the largest cargo stocks in SEA by fund weight, and the strongest over the past month. Size and recent return are measurements, not recommendations.
Top cargo stocks by fund weight
Ranked by largest share of SEA
- 1Okeanis ECO Tankers Corp5.8%
- 2DHT Holdings IncDHT5.3%
- 3Teekay Tankers LtdTNK5.1%
- 4Sitc International Holdings Co Ltd5.1%
- 5Scorpio Tankers IncSTNG4.9%
Best cargo stocks this month
Ranked by one-month return, among the holdings Zensei prices
- 1Frontline PLCFRO+28.3%
- 2International Seaways IncINSW+19.9%
- 3DHT Holdings IncDHT+19.3%
- 4Teekay Corp LtdTK+8.3%
- 5Teekay Tankers LtdTNK+7.5%
Cargo Stocks vs the S&P 500
Over the week to 12 October 2026, SEA rose 4.7% while the S&P 500 rose 0.4%. The table compares SEA and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means SEA won that window.
Prices as of · computed from daily adjusted closes · how we measure
Sea to Sky Cargo 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 cargo stocks expensive?
Under half of the weight in SEA has a positive P/E, so a fund P/E would not describe the fund. Zensei shows a fund P/E from 50% coverage. Compare with every sector and theme: P/E ratio by sector.
SEA holdings: the cargo stocks inside
This list covers the 30 largest cargo stocks in SEA, heaviest first; the 10 largest show their returns where Zensei has a price. As of 12 October 2026, 4 of the 14 cargo stocks Zensei prices in SEA beat the fund over the past month. 8 of them beat the S&P 500. The strongest is Frontline PLC (FRO); the weakest is Fedex Corp (FDX). Inside the fund, one or two outliers drive most of the move.
| # | Holding | Weight | 1M | 3M | vs fund 1M | Momentum | RS health |
|---|---|---|---|---|---|---|---|
| 1 | Okeanis ECO Tankers Corp | 5.8% | — | — | No price data | ||
| 2 | DHTDHT Holdings Inc | 5.3% | +19.3% | +61.4% | +11.7 pts | Cruising | Strong |
| 3 | TNKTeekay Tankers Ltd | 5.1% | +7.5% | +53.7% | −0.1 pts | Weak | Holding |
| 4 | Sitc International Holdings Co Ltd | 5.1% | — | — | No price data | ||
| 5 | STNGScorpio Tankers Inc | 4.9% | +3.5% | +13.8% | −4.1 pts | Weak | Broken |
| 6 | Cosco Shipping Holdings Co Ltd | 4.7% | — | — | No price data | ||
| 7 | INSWInternational Seaways Inc | 4.3% | +19.9% | +51.4% | |||
| 8 | Hafnia Ltd | 4.2% | — | — | No price data | ||
| 9 | FROFrontline PLC | 4.2% | +28.3% | +71.0% | |||
| 10 | TKTeekay Corp Ltd | 4.1% | +8.3% | +43.8% | |||
All 30 SEA holdings by weight: Okeanis ECO Tankers Corp 5.8%, DHT Holdings Inc (DHT) 5.3%, Teekay Tankers Ltd (TNK) 5.1%, Sitc International Holdings Co Ltd 5.1%, Scorpio Tankers Inc (STNG) 4.9%, Cosco Shipping Holdings Co Ltd 4.7%, International Seaways Inc (INSW) 4.3%, Hafnia Ltd 4.2%, Frontline PLC (FRO) 4.2%, Teekay Corp Ltd (TK) 4.1%, BW LPG Ltd 3.9%, Kuehne & Nagel International AG 3.8%, Orient Overseas (International) Ltd 3.8%, Brambles Ltd 2.9%, Expeditors International of Washington Inc (EXPD) 2.8%, DHL AG 2.8%, SF Holding Co Ltd 2.8%, JD Logistics Inc 2.7%, Logista Integral SA 2.7%, UPS (UPS) 2.7%, ZTO Express (Cayman) Inc (ZTO) 2.6%, Fedex Corp (FDX) 2.6%, J&T Global Express Ltd 2.6%, Ardmore Shipping Corp (ASC) 2.0%, Hoegh Autoliners ASA 2.0%, Danaos Corp (DAC) 1.9%, Global Ship Lease Inc (GSL) 1.9%, Matson Inc (MATX) 1.9%, Nippon Yusen Kabushiki Kaisha 1.8%, US Dollars 0.1%.
Cargo Stocks: common questions
Cargo stocks list: which stocks are in SEA?
As of 12 October 2026, this page lists the 30 largest cargo stocks in SEA, from the fund's published holdings. The three largest by fund weight are Okeanis ECO Tankers Corp (5.8%), DHT Holdings Inc (DHT, 5.3%) and Teekay Tankers Ltd (TNK, 5.1%). 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 cargo stocks this month?
As of 12 October 2026, ranked by one-month return, the three strongest cargo stocks in SEA are Frontline PLC (FRO, +28.3%), International Seaways Inc (INSW, +19.9%) and DHT Holdings Inc (DHT, +19.3%). This ranks past return only; it does not forecast the next month.
What are the top 3 cargo stocks?
As of 12 October 2026, the three largest cargo stocks in SEA by fund weight are Okeanis ECO Tankers Corp (5.8%), DHT Holdings Inc (DHT, 5.3%) and Teekay Tankers Ltd (TNK, 5.1%). Fund weight shows size inside the fund, not a recommendation.
Which cargo stocks are beating the sector?
As of 12 October 2026, 4 of the 14 cargo stocks Zensei prices in SEA beat the fund over the past month. The strongest over the past month is Frontline PLC (FRO). The table above shows the largest holdings with their weights and returns.
Which ETF holds cargo stocks?
Several ETFs hold cargo stocks. Zensei tracks the group through SEA, the U.S. Global Sea to Sky Cargo ETF. As of 12 October 2026, Zensei has the 30 largest cargo stocks from its published holdings, and the 10 largest make up 47.8% of the fund.
Are cargo stocks outperforming the S&P 500?
Yes. As of 12 October 2026, SEA has beaten the S&P 500 by 5.5 points over the past month.
What is SEA?
SEA is U.S. Global Sea to Sky Cargo ETF. Zensei uses it to measure cargo stocks against the S&P 500 (SPY).
What stocks does SEA own?
As of 12 October 2026, the largest of the 30 positions Zensei tracks in SEA are Okeanis ECO Tankers Corp, DHT Holdings Inc, Teekay Tankers Ltd, Sitc International Holdings Co Ltd, Scorpio Tankers Inc. Each position measured against the fund, with momentum and relative strength, is part of Zensei Premium.
What quadrant is sea to sky cargo in right now?
As of 12 October 2026, sea to sky cargo is in the Outperformers quadrant — outperforming the S&P 500 on both the recent and the longer, time-shifted window. The Zensei methodology page explains the quadrants.
Recent changes
- ·Beating the market → among the strongest
- ·Among the strongest → beating the market
- ·First tracked: among the strongest
Related sectors
Track sea to sky cargo 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