Tech Stocks
Top 10 of 75 XLK holdings, updated
As of 12 October 2026, tech stocks are among the strongest groups in the market, well ahead of the S&P 500. XLK beats the S&P 500 by 2.7 points over one month and ranks #10 of 115 groups Zensei tracks. 30 of the 75 tech stocks Zensei prices in XLK beat the fund this month.
Where tech stocks stand now
As of 12 October 2026, Technology (XLK) ranks #10 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 clearly beaten the S&P 500 by 2.7 points over the past month, on top of a 1.5-point advantage over the longer, time-shifted window.
On the shorter tape, XLK's momentum is weakening: the intraday trend that carried the move is cooling across the shorter windows. XLK's relative-strength line has dropped below its moving averages — the outperformance trend is fading. Both signals point the same direction here: the market is not rewarding this group on either horizon.
The exposure comes via Technology Select Sector SPDR, whose 75 tracked holdings are led by Nvidia Corp, Apple Inc and Microsoft Corp. Weighted by portfolio, the fund's holdings trade at roughly 34.4× 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 tech stocks right now
The largest tech stocks by weight in XLK, and the strongest over the past month. Size and recent return are measurements, not recommendations.
Largest by fund weight
Share of XLK
- 1Nvidia CorpNVDA15.6%
- 2Apple IncAAPL13.3%
- 3Microsoft CorpMSFT10.7%
- 4Advanced Micro Devices IncAMD5.2%
- 5Broadcom IncAVGO4.9%
Strongest this month
1-month return, holdings Zensei prices
- 1Everpure IncP+58.2%
- 2Ptc IncPTC+48.6%
- 3Datadog IncDDOG+29.9%
- 4Crowdstrike Holdings IncCRWD+27.2%
- 5Synopsys IncSNPS+26.5%
Tech Stocks vs the S&P 500
Over the week to 12 October 2026, XLK fell 2.3% while the S&P 500 rose 0.4%. XLK and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means XLK won that window.
Prices as of · computed from daily adjusted closes · how we measure
Technology 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 tech stocks expensive?
The price-to-earnings ratio of XLK 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.
XLK holdings: the tech stocks inside
As of 12 October 2026, 30 of the 75 tech stocks Zensei prices in XLK beat the fund over the past month. 39 of them beat the S&P 500. The strongest is Everpure Inc (P); the weakest is Fair Isaac Corp (FICO). Inside the fund, one or two outliers drive most of the move.
| # | Holding | Weight | 1M | 3M | vs fund 1M | Momentum | RS health |
|---|---|---|---|---|---|---|---|
| 1 | NVDANvidia Corp | 15.6% | +3.7% | +11.3% | −1.0 pts | Weak | Broken |
| 2 | AAPLApple Inc | 13.3% | +2.6% | +7.6% | −2.1 pts | Weak | Strong |
| 3 | MSFTMicrosoft Corp | 10.7% | +9.2% | +38.7% | +4.5 pts | Accelerating | Strong |
| 4 | AMDAdvanced Micro Devices Inc | 5.2% | +15.1% | +11.2% | |||
| 5 | AVGOBroadcom Inc | 4.9% | −1.8% | −7.5% | |||
| 6 | MUMicron Technology Inc | 4.4% | +1.4% | +5.6% | |||
| 7 | INTCIntel Corp | 3.1% | −1.5% | −1.7% | |||
| 8 | CSCOCisco Systems Inc | 2.5% | +3.2% | −2.9% | |||
| 9 | PLTRn/a | 2.5% | +25.0% | +60.7% | |||
| 10 | AMATApplied Materials Inc | 2.3% | +9.0% | −13.4% |
All 75 XLK holdings by weight: Nvidia Corp (NVDA) 15.6%, Apple Inc (AAPL) 13.3%, Microsoft Corp (MSFT) 10.7%, Advanced Micro Devices Inc (AMD) 5.2%, Broadcom Inc (AVGO) 4.9%, Micron Technology Inc (MU) 4.4%, Intel Corp (INTC) 3.1%, Cisco Systems Inc (CSCO) 2.5%, n/a (PLTR) 2.5%, Applied Materials Inc (AMAT) 2.3%, Lam Research Corp (LRCX) 2.3%, Palo Alto Networks Inc (PANW) 1.8%, Crowdstrike Holdings Inc (CRWD) 1.5%, Texas Instruments Inc (TXN) 1.5%, Kla Corp (KLAC) 1.4%, Marvell Technology Inc (MRVL) 1.4%, Oracle Corp (ORCL) 1.4%, Sandisk Corp (SNDK) 1.4%, Arista Networks Inc (ANET) 1.2%, Amphenol Corp (APH) 1.2%, International Business Machines Corp (IBM) 1.1%, Analog Devices Inc (ADI) 1.1%, Qualcomm Inc (QCOM) 1.0%, Salesforce Inc (CRM) 1.0%, Seagate Technology Holdings PLC (STX) 1.0%, n/a (DELL) 1.0%, Western Digital Corp (WDC) 0.8%, Servicenow Inc (NOW) 0.8%, Corning Inc (GLW) 0.7%, Accenture PLC (ACN) 0.7%, Fortinet Inc (FTNT) 0.6%, Lumentum Holdings Inc (LITE) 0.5%, Cadence Design Systems Inc (CDNS) 0.5%, Synopsys Inc (SNPS) 0.5%, Hewlett Packard Enterprise Co (HPE) 0.5%, Adobe Inc (ADBE) 0.5%, Datadog Inc (DDOG) 0.5%, Intuit Inc (INTU) 0.4%, Motorola Solutions Inc (MSI) 0.4%, Monolithic Power Systems Inc (MPWR) 0.4%, Keysight Technologies Inc (KEYS) 0.4%, Coherent Corp (COHR) 0.4%, Ciena Corp (CIEN) 0.4%, Teradyne Inc (TER) 0.4%, Te Connectivity PLC Registered (TEL) 0.3%, Nxp Semiconductors NV (NXPI) 0.3%, Everpure Inc (P) 0.3%, Autodesk Inc (ADSK) 0.3%, Netapp Inc (NTAP) 0.3%, Flex Ltd (FLEX) 0.2%, Microchip Technology Inc (MCHP) 0.2%, Workday Inc (WDAY) 0.2%, Roper Technologies Inc (ROP) 0.2%, On Semiconductor Corp (ON) 0.2%, Jabil Inc (JBL) 0.2%, Hp Inc (HPQ) 0.2%, Teledyne Technologies Inc (TDY) 0.1%, Qnity Electronics Inc (Q) 0.1%, Twilio Inc (TWLO) 0.1%, F5 Inc (FFIV) 0.1%, Cognizant Technology Solutions Corp (CTSH) 0.1%, Super Micro Computer Inc (SMCI) 0.1%, Verisign Inc (VRSN) 0.1%, Ptc Inc (PTC) 0.1%, First Solar Inc (FSLR) 0.1%, Zebra Technologies Corp (ZBRA) 0.1%, Skyworks Solutions Inc (SWKS) 0.1%, Cdw Corp (CDW) 0.1%, Trimble Inc (TRMB) 0.1%, Akamai Technologies Inc (AKAM) 0.1%, Fair Isaac Corp (FICO) 0.1%, Tyler Technologies Inc (TYL) 0.1%, Godaddy Inc (GDDY) 0.1%, Gen Digital Inc (GEN) 0.1%, Gartner Inc (IT) 0.1%.
Tech Stocks: common questions
What are the top 3 tech stocks?
As of 12 October 2026, the three largest tech stocks in XLK by fund weight are Nvidia Corp (NVDA) (15.6%), Apple Inc (AAPL) (13.3%) and Microsoft Corp (MSFT) (10.7%). Fund weight shows size inside the fund, not a recommendation.
Which tech stocks are beating the sector?
As of 12 October 2026, 30 of the 75 tech stocks Zensei prices in XLK 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 tech stocks outperforming the S&P 500?
Yes. As of 12 October 2026, XLK has beaten the S&P 500 by 2.7 points over the past month.
Is it a good time to invest in tech stocks?
Zensei does not give investment advice, but it measures the trend. As of 12 October 2026, tech 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 XLK?
XLK is Technology Select Sector SPDR. Zensei uses it to measure tech stocks against the S&P 500 (SPY).
What stocks does XLK own?
As of 12 October 2026, the largest of the 75 positions Zensei tracks in XLK are Nvidia Corp, Apple Inc, Microsoft Corp, Advanced Micro Devices Inc, Broadcom Inc. Each position measured against the fund, with momentum and relative strength, comes with a free Zensei account.
What quadrant is technology in right now?
As of 12 October 2026, technology 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
- ·Gaining ground → among the strongest
- ·Among the strongest → gaining ground
- ·Gaining ground → among the strongest
- ·First tracked: gaining ground
Related sectors
Track technology 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.