Internet Stocks
Top 10 of 41 FDN holdings, updated
As of 12 October 2026, internet stocks are beating the S&P 500, over the past month and over the longer run. FDN beats the S&P 500 by 1.4 points over one month and ranks #16 of 115 groups Zensei tracks. 20 of the 41 internet stocks Zensei prices in FDN beat the fund this month.
Where internet stocks stand now
As of 12 October 2026, US Internet (FDN) ranks #16 of the 115 groups Zensei tracks by one-month return against the S&P 500. It sits in the Outperformers quadrant of the rotation map: it has clearly beaten the S&P 500 by 1.4 points over the past month, on top of a 3.1-point advantage over the longer, time-shifted window.
On the shorter tape, FDN's momentum is mixed: the longer intraday trend is still positive, but the recent windows have gone flat. FDN'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 Dow Jones Internet Index Fund, whose 41 tracked holdings are led by Meta Platforms Inc, Amazon.Com Inc and Cisco Systems Inc. Weighted by portfolio, the fund's holdings trade at roughly 25.8× 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 internet stocks right now
The largest internet stocks by weight in FDN, and the strongest over the past month. Size and recent return are measurements, not recommendations.
Largest by fund weight
Share of FDN
- 1Meta Platforms IncMETA10.8%
- 2Amazon.Com IncAMZN10.0%
- 3Cisco Systems IncCSCO9.1%
- 4Alphabet IncGOOGL5.7%
- 5Netflix IncNFLX5.6%
Strongest this month
1-month return, holdings Zensei prices
- 1Okta IncOKTA+36.4%
- 2Datadog IncDDOG+29.9%
- 3Ciena CorpCIEN+15.8%
- 4Atlassian CorpTEAM+15.6%
- 5F5 IncFFIV+15.0%
Internet Stocks vs the S&P 500
Over the week to 12 October 2026, FDN rose 1.7% while the S&P 500 rose 0.4%. FDN and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means FDN won that window.
Prices as of · computed from daily adjusted closes · how we measure
US Internet 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 internet stocks expensive?
The price-to-earnings ratio of FDN 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.
FDN holdings: the internet stocks inside
As of 12 October 2026, 20 of the 41 internet stocks Zensei prices in FDN beat the fund over the past month. 24 of them beat the S&P 500. The strongest is Okta Inc (OKTA); the weakest is Flutter Entertainment PLC (FLUT). Inside the fund, one or two outliers drive most of the move.
| # | Holding | Weight | 1M | 3M | vs fund 1M | Momentum | RS health |
|---|---|---|---|---|---|---|---|
| 1 | METAMeta Platforms Inc | 10.8% | +14.7% | +13.2% | +11.3 pts | Weak | Holding |
| 2 | AMZNAmazon.Com Inc | 10.0% | +1.1% | +4.9% | −2.4 pts | Weak | Broken |
| 3 | CSCOCisco Systems Inc | 9.1% | +3.2% | −2.9% | −0.2 pts | Weak | Holding |
| 4 | GOOGLAlphabet Inc | 5.7% | +4.2% | +0.1% | |||
| 5 | NFLXNetflix Inc | 5.6% | −8.8% | −4.4% | |||
| 6 | ANETArista Networks Inc | 4.9% | +5.7% | +16.4% | |||
| 7 | GOOGAlphabet Inc | 4.6% | +4.0% | −0.4% | |||
| 8 | CRMSalesforce Inc | 4.0% | −5.5% | +36.8% | |||
| 9 | BKNGBooking Holdings Inc | 3.9% | −8.9% | −9.7% | |||
| 10 | ORCLOracle Corp | 3.9% | −8.3% | +4.8% |
All 41 FDN holdings by weight: Meta Platforms Inc (META) 10.8%, Amazon.Com Inc (AMZN) 10.0%, Cisco Systems Inc (CSCO) 9.1%, Alphabet Inc (GOOGL) 5.7%, Netflix Inc (NFLX) 5.6%, Arista Networks Inc (ANET) 4.9%, Alphabet Inc (GOOG) 4.6%, Salesforce Inc (CRM) 4.0%, Booking Holdings Inc (BKNG) 3.9%, Oracle Corp (ORCL) 3.9%, Snowflake Inc (SNOW) 3.8%, Cloudflare Inc (NET) 3.7%, Datadog Inc (DDOG) 3.0%, Doordash Inc (DASH) 2.4%, Airbnb Inc (ABNB) 2.2%, Ciena Corp (CIEN) 2.1%, Paypal Holdings Inc (PYPL) 1.6%, Carvana Co (CVNA) 1.5%, Ebay Inc (EBAY) 1.4%, Veeva Systems Inc (VEEV) 1.4%, Workday Inc (WDAY) 1.2%, Okta Inc (OKTA) 1.2%, Coreweave Inc (CRWV) 1.1%, Atlassian Corp (TEAM) 1.0%, Roblox Corp (RBLX) 1.0%, F5 Inc (FFIV) 0.9%, Zoom Communications Inc (ZM) 0.8%, Verisign Inc (VRSN) 0.8%, Copart Inc (CPRT) 0.8%, Reddit Inc (RDDT) 0.7%, Nutanix Inc (NTNX) 0.7%, Circle Internet Group Inc (CRCL) 0.5%, Samsara Inc (IOT) 0.5%, Akamai Technologies Inc (AKAM) 0.5%, Docusign Inc (DOCU) 0.4%, Godaddy Inc (GDDY) 0.4%, Hubspot Inc (HUBS) 0.4%, Flutter Entertainment PLC (FLUT) 0.4%, Draftkings Inc (DKNG) 0.3%, Paycom Software Inc (PAYC) 0.3%, Duolingo Inc (DUOL) 0.2%.
Internet Stocks: common questions
What are the top 3 internet stocks?
As of 12 October 2026, the three largest internet stocks in FDN by fund weight are Meta Platforms Inc (META) (10.8%), Amazon.Com Inc (AMZN) (10.0%) and Cisco Systems Inc (CSCO) (9.1%). Fund weight shows size inside the fund, not a recommendation.
Which internet stocks are beating the sector?
As of 12 October 2026, 20 of the 41 internet stocks Zensei prices in FDN beat the fund over the past month. The strongest over the past month is Okta Inc (OKTA). The list above shows every holding with its weight and returns.
Are internet stocks outperforming the S&P 500?
Yes. As of 12 October 2026, FDN has beaten the S&P 500 by 1.4 points over the past month.
Is it a good time to invest in internet stocks?
Zensei does not give investment advice, but it measures the trend. As of 12 October 2026, internet 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 FDN?
FDN is First Trust Dow Jones Internet Index Fund. Zensei uses it to measure internet stocks against the S&P 500 (SPY).
What stocks does FDN own?
As of 12 October 2026, the largest of the 41 positions Zensei tracks in FDN are Meta Platforms Inc, Amazon.Com Inc, Cisco Systems Inc, Alphabet Inc, Netflix Inc. Each position measured against the fund, with momentum and relative strength, is part of Zensei Premium.
What quadrant is us internet in right now?
As of 12 October 2026, us internet 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
- ·Among the strongest → beating the market
- ·Beating the market → among the strongest
- ·First tracked: beating the market
Related sectors
Track us internet 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.