Cloud Stocks
Top 10 of 65 SKYY holdings, updated
As of 12 October 2026, cloud stocks are among the strongest groups in the market, well ahead of the S&P 500. SKYY beats the S&P 500 by 6.8 points over one month and ranks #3 of 115 groups Zensei tracks. 29 of the 65 cloud stocks Zensei prices in SKYY beat the fund this month.
Where cloud stocks stand now
As of 12 October 2026, Cloud Computing (SKYY) ranks #3 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 6.8 points over the past month, on top of a 11.2-point advantage over the longer, time-shifted window.
On the shorter tape, SKYY's momentum is mixed: the longer intraday trend is still positive, but the recent windows have gone flat. SKYY's relative-strength line — its price ratio against the S&P 500 — is trading above its moving averages, the healthiest configuration we track. The longer trend remains healthier than the recent tape suggests — the kind of divergence worth rechecking in a week.
The exposure comes via First Trust Cloud Computing ETF, whose 65 tracked holdings are led by Everpure Inc, Digitalocean Holdings Inc and Arista Networks Inc. Weighted by portfolio, the fund's holdings trade at roughly 31.6× earnings. 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.
Top cloud stocks right now
The largest cloud stocks by weight in SKYY, and the strongest over the past month. Size and recent return are measurements, not recommendations.
Largest by fund weight
Share of SKYY
- 1Everpure IncP5.1%
- 2Digitalocean Holdings IncDOCN4.3%
- 3Arista Networks IncANET3.6%
- 4Nutanix IncNTNX3.6%
- 5Microsoft CorpMSFT3.5%
Strongest this month
1-month return, holdings Zensei prices
- 1Everpure IncP+58.2%
- 2Netskope IncNTSK+40.4%
- 3n/aSHOP+39.2%
- 4Rubrik IncRBRK+38.5%
- 5Zscaler IncZS+37.2%
Cloud Stocks vs the S&P 500
Over the week to 12 October 2026, SKYY rose 1.6% while the S&P 500 rose 0.4%. SKYY and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means SKYY won that window.
Prices as of · computed from daily adjusted closes · how we measure
Cloud Computing 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 cloud stocks expensive?
The price-to-earnings ratio of SKYY 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.
SKYY holdings: the cloud stocks inside
As of 12 October 2026, 29 of the 65 cloud stocks Zensei prices in SKYY beat the fund over the past month. 44 of them beat the S&P 500. The strongest is Everpure Inc (P); the weakest is Lumen Technologies Inc (LUMN). Inside the fund, one or two outliers drive most of the move.
| # | Holding | Weight | 1M | 3M | vs fund 1M | Momentum | RS health |
|---|---|---|---|---|---|---|---|
| 1 | PEverpure Inc | 5.1% | +58.2% | +106.1% | +49.4 pts | Cruising | Strong |
| 2 | DOCNDigitalocean Holdings Inc | 4.3% | +6.9% | +6.5% | −2.0 pts | Weak | Broken |
| 3 | ANETArista Networks Inc | 3.6% | +5.7% | +16.4% | −3.2 pts | Weak | Fading |
| 4 | NTNXNutanix Inc | 3.6% | +12.5% | +34.3% | |||
| 5 | MSFTMicrosoft Corp | 3.5% | +9.2% | +38.7% | |||
| 6 | GOOGLAlphabet Inc | 3.4% | +4.2% | +0.1% | |||
| 7 | AMZNAmazon.Com Inc | 3.3% | +1.1% | +4.9% | |||
| 8 | ORCLOracle Corp | 3.2% | −8.3% | +4.8% | |||
| 9 | IBMInternational Business Machines Corp | 3.2% | −6.7% | −21.2% | |||
| 10 | CRWVCoreweave Inc | 3.0% | −9.8% | −3.7% |
All 65 SKYY holdings by weight: Everpure Inc (P) 5.1%, Digitalocean Holdings Inc (DOCN) 4.3%, Arista Networks Inc (ANET) 3.6%, Nutanix Inc (NTNX) 3.6%, Microsoft Corp (MSFT) 3.5%, Alphabet Inc (GOOGL) 3.4%, Amazon.Com Inc (AMZN) 3.3%, Oracle Corp (ORCL) 3.2%, International Business Machines Corp (IBM) 3.2%, Coreweave Inc (CRWV) 3.0%, Lumen Technologies Inc (LUMN) 2.6%, Cloudflare Inc (NET) 2.6%, Cisco Systems Inc (CSCO) 2.3%, Akamai Technologies Inc (AKAM) 2.3%, Hewlett Packard Enterprise Co (HPE) 2.3%, Mongodb Inc (MDB) 2.2%, Rubrik Inc (RBRK) 2.2%, Twilio Inc (TWLO) 2.1%, n/a (DELL) 2.1%, Netapp Inc (NTAP) 2.1%, Netskope Inc (NTSK) 2.0%, Fastly Inc (FSLY) 1.9%, Sentinelone Inc (S) 1.9%, Ringcentral Inc (RNG) 1.9%, Gitlab Inc (GTLB) 1.8%, n/a (SHOP) 1.7%, Atlassian Corp (TEAM) 1.6%, Salesforce Inc (CRM) 1.5%, Servicenow Inc (NOW) 1.5%, Workiva Inc (WK) 1.5%, Applovin Corp (APP) 1.5%, Five9 Inc (FIVN) 1.4%, Hubspot Inc (HUBS) 1.4%, Adobe Inc (ADBE) 1.4%, Servicetitan Inc (TTAN) 1.2%, Sap SE (SAP) 1.1%, Wix.Com Ltd (WIX) 0.9%, Appian Corp (APPN) 0.8%, Crowdstrike Holdings Inc (CRWD) 0.7%, Datadog Inc (DDOG) 0.7%, Palo Alto Networks Inc (PANW) 0.6%, Docusign Inc (DOCU) 0.6%, Zscaler Inc (ZS) 0.6%, Qualys Inc (QLYS) 0.6%, Snowflake Inc (SNOW) 0.6%, Box Inc (BOX) 0.5%, Dropbox Inc (DBX) 0.5%, Veeva Systems Inc (VEEV) 0.5%, Zoom Communications Inc (ZM) 0.5%, Elastic NV (ESTC) 0.5%, Workday Inc (WDAY) 0.5%, Paycom Software Inc (PAYC) 0.5%, Paylocity Holding Corp (PCTY) 0.5%, Open Text Corp (OTEX) 0.5%, Blackbaud Inc (BLKB) 0.5%, Q2 Holdings Inc (QTWO) 0.5%, Toast Inc (TOST) 0.5%, The Trade Desk Inc (TTD) 0.5%, Appfolio Inc (APPF) 0.5%, Asana Inc (ASAN) 0.5%, Blackline Inc (BL) 0.5%, Intuit Inc (INTU) 0.4%, Figma Inc (FIG) 0.4%, Klaviyo Inc (KVYO) 0.4%, Rackspace Technology Inc (RXT) 0.4%.
Cloud Stocks: common questions
What are the top 3 cloud stocks?
As of 12 October 2026, the three largest cloud stocks in SKYY by fund weight are Everpure Inc (P) (5.1%), Digitalocean Holdings Inc (DOCN) (4.3%) and Arista Networks Inc (ANET) (3.6%). Fund weight shows size inside the fund, not a recommendation.
Which cloud stocks are beating the sector?
As of 12 October 2026, 29 of the 65 cloud stocks Zensei prices in SKYY beat the fund over the past month. The strongest over the past month is Everpure Inc (P). The list above shows every holding with its weight and returns.
Are cloud stocks outperforming the S&P 500?
Yes. As of 12 October 2026, SKYY has beaten the S&P 500 by 6.8 points over the past month.
Is it a good time to invest in cloud stocks?
Zensei does not give investment advice, but it measures the trend. As of 12 October 2026, cloud stocks are ahead of the S&P 500 on both the recent and the longer window. The rotation map and the read on this page show whether that trend is building or fading.
What is SKYY?
SKYY is First Trust Cloud Computing ETF. Zensei uses it to measure cloud stocks against the S&P 500 (SPY).
What stocks does SKYY own?
As of 12 October 2026, the largest of the 65 positions Zensei tracks in SKYY are Everpure Inc, Digitalocean Holdings Inc, Arista Networks Inc, Nutanix Inc, Microsoft Corp. Each position measured against the fund, with momentum and relative strength, is part of Zensei Premium.
What quadrant is cloud computing in right now?
As of 12 October 2026, cloud computing 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 cloud computing 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.