State Street Corporation 13F: Q2 2026 Portfolio — $3.37T Across 4177 Positions

State Street’s Q2 2026 activity shows a clear tilt toward large-cap technology. The top of the book was reinforced with additions to Nvidia (5.99% of the portfolio), Apple (5.28%), Microsoft (3.49%), Amazon (2.81%), and both Alphabet listings—GOOGL at 2.53% and GOOG at 2.0%. Together, these changes align with the portfolio’s already concentrated posture, with the top 10 representing 29.0% of the total value. Share counts expanded more often than they were reduced this quarter: there were 2,770 adds versus 786 trims, against a total of 58 new positions.

Within tech, the quarter also included selective de-risking in semiconductors. Micron Technology was trimmed (1.71% weight) with a -4.1 change rate, and Advanced Micro Devices saw a smaller trim (1.28% weight, -0.5). Offsetting that, additions continued across adjacent winners such as Broadcom (2.21%) and Meta Platforms (1.54%). Meanwhile, the 150 exits included names like Honeywell Intl and Coterra Energy, consistent with a rotation effort that prioritised staying power in the biggest platform and semiconductor-linked positions.

A Form 13F is a quarterly snapshot institutional managers with over $100M in US-listed assets must file within 45 days of quarter end. It shows long equity positions only: no short book, no cash, no non-US listings, no timing inside the quarter. Treat it as a delayed map of where the manager's conviction sat on the reporting date — not a live portfolio, and not a buy list.