SPY Fair Value: Look-Through Valuation
Weighted by holding size, the model fair values of SPY's covered holdings sit 14.5% below their current prices (a look-through model estimate across 99% of the fund, under stated assumptions). Data as of 2026-10-22. Net assets $809.2B; holdings as of 2026-10-22.
Top 25 holdings of 504
| Holding | Weight | Price | Model fair value | Gap |
|---|---|---|---|---|
| NVDA NVIDIA Corporation | 8.03% | $212.21 | $192.21 | -9.4% |
| AAPL Apple Inc. | 7.51% | $348.22 | $260.82 | -25.1% |
| MSFT Microsoft Corporation | 5.94% | $521.08 | $538.17 | +3.3% |
| AMZN Amazon.com Inc | 3.74% | $250.38 | $240.37 | -4.0% |
| GOOGL Alphabet Inc Class A | 3.06% | $324.22 | $177.93 | -45.1% |
| AVGO Broadcom Inc | 2.47% | $323.24 | $269.50 | -16.6% |
| GOOG Alphabet Inc Class C | 2.45% | $320.76 | $176.87 | -44.9% |
| META Meta Platforms Inc. | 2.44% | $648.85 | $533.77 | -17.7% |
| TSLA Tesla Inc | 1.55% | $374.58 | $299.37 | -20.1% |
| MU Micron Technology Inc | 1.55% | $856.49 | $1103.79 | +28.9% |
| BRK-B Berkshire Hathaway Inc | 1.47% | $546.97 | $501.38 | -8.3% |
| LLY Eli Lilly and Company | 1.45% | $1306.69 | $704.33 | -46.1% |
| AMD Advanced Micro Devices Inc | 1.40% | $507.93 | $420.40 | -17.2% |
| JPM JPMorgan Chase & Co | 1.34% | $336.54 | $231.72 | -31.1% |
| XOM Exxon Mobil Corp | 1.09% | $178.23 | $146.75 | -17.7% |
| V Visa Inc. Class A | 1.00% | $414.34 | $281.96 | -31.9% |
| JNJ Johnson & Johnson | 0.92% | $267.61 | $223.28 | -16.6% |
| WMT Walmart Inc. | 0.78% | $121.12 | $83.60 | -31.0% |
| ABBV AbbVie Inc | 0.75% | $285.19 | $231.45 | -18.8% |
| INTC Intel Corporation | 0.73% | $85.49 | $67.02 | -21.6% |
| MA Mastercard Inc | 0.73% | $633.21 | $480.41 | -24.1% |
| PLTR Palantir Technologies Inc. | 0.69% | $196.19 | $110.09 | -43.9% |
| CSCO Cisco Systems Inc | 0.67% | $104.89 | $119.22 | +13.7% |
| CVX Chevron Corp | 0.66% | $226.68 | $232.07 | +2.4% |
| COST Costco Wholesale Corp | 0.65% | $1018.21 | $637.07 | -37.4% |
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