XLK has been the sort of chicken way to play AAPL this year, as it has made up nearly 20% of the weighting of the Technology Select Spyder. When you look at the concentration of the top 5 holdings, what becomes apparent is that this is a very levered way to play the 5 biggest tech companies in the world, as AAPL, MSFT, IBM, T, & GOOG make up nearly 50% of the etf’s weighting.
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