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L.3 · BEGINNER · 2 MIN

Reading ETF Holdings and Sector Exposure

ETF holdings show exactly what you own. Understanding them helps you avoid unintentional overlap and concentration risk.

Quiz · 5 questions ↓
§ 01

If you own both QQQ and XLK, you are doubling up on Apple and Microsoft. Both ETFs hold these as their top positions. This overlap increases your concentration risk.

§ 02
ETFTop HoldingTop 10 WeightTotal Holdings
SPY (S&P 500)Apple ~7%~30%~500
QQQ (Nasdaq 100)Apple ~9%~50%~100
VTI (Total Market)Apple ~6%~25%~3,700
XLK (Tech Sector)Apple ~20%~65%~65
§ 03
Look up any ETF and examine its **top 10 holdings** and sector breakdown. What percentage does the top holding represent?
§ 04

More holdings does not always mean more diversified. If one stock is 20% of the ETF, you are making a concentrated bet whether you realize it or not.

§ 05
A 'Total US Market' ETF holds 3,000+ stocks but the top 10 positions are 30% of weight. Is this ETF actually diversified?
Five questions · AI feedback

Sit with the ideas.

An ETF's top holding is 22% of the fund. What risk does this create?

Why:
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