{
 "ok": true,
 "schema": "pops4.edgar.etf/1",
 "ticker": "XLE",
 "actuarial": {
  "top10Weight": 75.5,
  "effectiveHoldings": 9.9,
  "largestSector": {
   "name": "Energy",
   "shareOfChecked": 93.7
  },
  "sectorMix": [
   {
    "name": "Energy",
    "weight": 72.3,
    "shareOfChecked": 93.7
   },
   {
    "name": "Industrials & services",
    "weight": 3.3,
    "shareOfChecked": 4.3
   },
   {
    "name": "Real estate & trusts",
    "weight": 1.5,
    "shareOfChecked": 2
   }
  ],
  "revenueRange": {
   "weightedHalfWidth": 25.3,
   "coverage": 27.2,
   "meaning": "weighted average half-width of Edgarette’s 80% revenue ranges (method v4.1, tested on an unseen year) for the holdings she covers; wider = harder to predict"
  },
  "warningShare": 0,
  "checkedShare": 77.2,
  "speedCash": {
   "coverage": 76.5,
   "cashConversion": 25.8,
   "growth3y": -4.1,
   "dividendPayers": 87.3,
   "dividendRaisers": 70.8,
   "equityRatio": 45.4,
   "liabilitiesOverAssets": 0,
   "quadrants": {
    "fs": 0,
    "ss": 0,
    "fj": 18.6,
    "sj": 81.4
   },
   "compass": {
    "now": 0,
    "later": 16.7,
    "notyet": 0,
    "steady": 0,
    "fading": 77.4,
    "between": 5.9
   },
   "meaning": "weighted by the fund’s holdings, from each company’s own audited filings (SEC XBRL, fiscal 2025); shares are of the covered weight"
  },
  "harbor": {
   "signs": [
    {
     "key": "slowjumpy",
     "text": "81.4% slow and jumpy"
    },
    {
     "key": "concentration",
     "text": "the 10 largest holdings are 75.5% of the fund"
    },
    {
     "key": "range",
     "text": "revenue ranges average ±25.3%"
    }
   ],
   "rule": "Boat condition = number of warning signs: warning filings ≥ 5% of the fund; liabilities over assets ≥ 10%; slow and jumpy ≥ 30%; top 10 ≥ 60%; revenue ranges ≥ ±20%.",
   "level": 3,
   "name": "Old boat",
   "plain": "three warning signs"
  }
 },
 "risks": [
  "Concentrated: the 10 largest holdings are 75.5% of the fund.",
  "Behaves like about 10 equal holdings (effective number), so a few companies drive the result.",
  "Sector concentration: 93.7% of the checked holdings are Energy.",
  "Revenue is harder to predict than average: the holdings’ 80% ranges average ±25.3% (on the 27.2% of the fund Edgarette covers).",
  "81.4% of the covered fund is slow and jumpy: growing slower than peers with revenue that swings more.",
  "Holdings are as of 2026-06-30; the fund may have changed since."
 ],
 "fund": "State Street(R) Energy Select Sector SPDR(R) ETF",
 "trust": "SELECT SECTOR SPDR TRUST",
 "asOf": "2026-06-30",
 "filed": "2026-08-28",
 "source": {
  "holdingsReport": "https://www.sec.gov/Archives/edgar/data/1064641/000141036826089509/0001410368-26-089509-index.htm",
  "form": "N-PORT-P"
 },
 "holdings": {
  "all": 25,
  "stocks": 21,
  "stockWeight": 99.8,
  "matchedWeight": 77.2
 },
 "healthWatch": {
  "checked": {
   "holdings": 20,
   "weight": 77.2,
   "rule": "the 100 largest stock holdings matched to an SEC filer"
  },
  "flaggedWeight": 0,
  "flaggedMeaning": "share of the fund in checked holdings that filed a late-filing notice, bankruptcy, debt trigger, non-reliance, auditor change, restructuring, impairment or cyber incident in the last 12 months (leadership changes and listing notices or transfers are listed but not counted)",
  "bySignal": [
   {
    "code": "5.02",
    "label": "Director or officer change",
    "holdings": 20,
    "weight": 77.2
   }
  ]
 },
 "top": [
  {
   "name": "Exxon Mobil Corp",
   "cik": null,
   "ticker": null,
   "pct": 22.672
  },
  {
   "name": "Chevron Corp",
   "cik": 93410,
   "ticker": "CVX",
   "pct": 16.09,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 4,
     "latest": {
      "filed": "2026-05-29",
      "url": "https://www.sec.gov/Archives/edgar/data/93410/000009341026000123/0000093410-26-000123-index.htm"
     }
    }
   ],
   "sector": "Energy",
   "quadrant": "sj",
   "compass": "fading"
  },
  {
   "name": "ConocoPhillips",
   "cik": 1163165,
   "ticker": "COP",
   "pct": 6.567,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-08-11",
      "url": "https://www.sec.gov/Archives/edgar/data/1163165/000110465926094062/0001104659-26-094062-index.htm"
     }
    }
   ],
   "sector": "Energy",
   "quadrant": "sj",
   "compass": "fading"
  },
  {
   "name": "Williams Cos Inc/The",
   "cik": 107263,
   "ticker": "WMB",
   "pct": 5.027,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 4,
     "latest": {
      "filed": "2026-08-21",
      "url": "https://www.sec.gov/Archives/edgar/data/107263/000010726326000028/0000107263-26-000028-index.htm"
     }
    }
   ],
   "sector": "Energy",
   "rangeHalfWidth": 29.5,
   "quadrant": "sj",
   "compass": "fading"
  },
  {
   "name": "Valero Energy Corp",
   "cik": 1035002,
   "ticker": "VLO",
   "pct": 4.641,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-09-18",
      "url": "https://www.sec.gov/Archives/edgar/data/1035002/000162828026062625/0001628280-26-062625-index.htm"
     }
    }
   ],
   "sector": "Energy",
   "rangeHalfWidth": 27.4,
   "quadrant": "sj",
   "compass": "fading"
  },
  {
   "name": "Marathon Petroleum Corp",
   "cik": 1510295,
   "ticker": "MPC",
   "pct": 4.479,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2025-12-18",
      "url": "https://www.sec.gov/Archives/edgar/data/1510295/000151029525000070/0001510295-25-000070-index.htm"
     }
    }
   ],
   "sector": "Energy",
   "quadrant": "sj",
   "compass": "fading"
  },
  {
   "name": "EOG Resources Inc",
   "cik": 821189,
   "ticker": "EOG",
   "pct": 4.147,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-09-24",
      "url": "https://www.sec.gov/Archives/edgar/data/821189/000119312526400333/0001193125-26-400333-index.htm"
     }
    }
   ],
   "sector": "Energy",
   "rangeHalfWidth": 18.5,
   "quadrant": "sj",
   "compass": "fading"
  },
  {
   "name": "SLB Ltd",
   "cik": 87347,
   "ticker": "SLB",
   "pct": 4.093,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2025-10-15",
      "url": "https://www.sec.gov/Archives/edgar/data/87347/000119312525239491/0001193125-25-239491-index.htm"
     }
    }
   ],
   "sector": "Energy",
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "Phillips 66",
   "cik": 1534701,
   "ticker": "PSX",
   "pct": 4.068,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2026-03-09",
      "url": "https://www.sec.gov/Archives/edgar/data/1534701/000119312526097469/0001193125-26-097469-index.htm"
     }
    }
   ],
   "sector": "Energy",
   "quadrant": "sj",
   "compass": "fading"
  },
  {
   "name": "Kinder Morgan Inc",
   "cik": 1506307,
   "ticker": "KMI",
   "pct": 3.756,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2026-04-22",
      "url": "https://www.sec.gov/Archives/edgar/data/1506307/000150630726000033/0001506307-26-000033-index.htm"
     }
    }
   ],
   "sector": "Energy",
   "rangeHalfWidth": 17.9,
   "quadrant": "sj",
   "compass": "fading"
  },
  {
   "name": "Targa Resources Corp",
   "cik": 1389170,
   "ticker": "TRGP",
   "pct": 3.454,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-08-25",
      "url": "https://www.sec.gov/Archives/edgar/data/1389170/000119312526364099/0001193125-26-364099-index.htm"
     }
    }
   ],
   "sector": "Energy",
   "quadrant": "sj",
   "compass": "fading"
  },
  {
   "name": "Baker Hughes Co",
   "cik": 1701605,
   "ticker": "BKR",
   "pct": 3.304,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-05-19",
      "url": "https://www.sec.gov/Archives/edgar/data/1701605/000119312526231070/0001193125-26-231070-index.htm"
     }
    }
   ],
   "sector": "Industrials & services",
   "rangeHalfWidth": 17.9,
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "ONEOK Inc",
   "cik": 1039684,
   "ticker": "OKE",
   "pct": 3.287,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-03-25",
      "url": "https://www.sec.gov/Archives/edgar/data/1039684/000103968426000008/0001039684-26-000008-index.htm"
     }
    }
   ],
   "sector": "Energy",
   "rangeHalfWidth": 28,
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "Devon Energy Corp",
   "cik": 1090012,
   "ticker": "DVN",
   "pct": 2.859,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 5,
     "latest": {
      "filed": "2026-08-27",
      "url": "https://www.sec.gov/Archives/edgar/data/1090012/000119312526371317/0001193125-26-371317-index.htm"
     }
    }
   ],
   "sector": "Energy",
   "quadrant": "sj",
   "compass": "fading"
  },
  {
   "name": "Occidental Petroleum Corp",
   "cik": 797468,
   "ticker": "OXY",
   "pct": 2.116,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-05-04",
      "url": "https://www.sec.gov/Archives/edgar/data/797468/000095015726000569/0000950157-26-000569-index.htm"
     }
    }
   ],
   "sector": "Energy",
   "quadrant": "sj",
   "compass": "fading"
  },
  {
   "name": "Diamondback Energy Inc",
   "cik": 1539838,
   "ticker": "FANG",
   "pct": 2.048,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2026-05-20",
      "url": "https://www.sec.gov/Archives/edgar/data/1539838/000153983826000090/0001539838-26-000090-index.htm"
     }
    }
   ],
   "sector": "Energy",
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "EQT Corp",
   "cik": 33213,
   "ticker": "EQT",
   "pct": 1.996,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-04-15",
      "url": "https://www.sec.gov/Archives/edgar/data/33213/000110465926043807/0001104659-26-043807-index.htm"
     }
    }
   ],
   "sector": "Energy",
   "quadrant": "sj",
   "compass": "fading"
  },
  {
   "name": "Halliburton Co",
   "cik": 45012,
   "ticker": "HAL",
   "pct": 1.702,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-01-14",
      "url": "https://www.sec.gov/Archives/edgar/data/45012/000004501226000003/0000045012-26-000003-index.htm"
     }
    }
   ],
   "sector": "Energy",
   "rangeHalfWidth": 17.9,
   "quadrant": "sj",
   "compass": "between"
  },
  {
   "name": "Texas Pacific Land Corp",
   "cik": 1811074,
   "ticker": "TPL",
   "pct": 1.522,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-09-25",
      "url": "https://www.sec.gov/Archives/edgar/data/1811074/000110465926111009/0001104659-26-111009-index.htm"
     }
    }
   ],
   "sector": "Real estate & trusts",
   "quadrant": "fj",
   "compass": "between"
  },
  {
   "name": "Expand Energy Corp",
   "cik": 895126,
   "ticker": "EXE",
   "pct": 1.309,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 5,
     "latest": {
      "filed": "2026-09-16",
      "url": "https://www.sec.gov/Archives/edgar/data/895126/000089512626000053/0000895126-26-000053-index.htm"
     }
    }
   ],
   "sector": "Energy",
   "rangeHalfWidth": 66.4,
   "quadrant": "sj",
   "compass": "between"
  },
  {
   "name": "APA Corp",
   "cik": 1841666,
   "ticker": "APA",
   "pct": 0.691,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-05-26",
      "url": "https://www.sec.gov/Archives/edgar/data/1841666/000184166626000037/0001841666-26-000037-index.htm"
     }
    }
   ],
   "sector": "Energy"
  }
 ],
 "notes": [
  "Holdings are as the fund reported them to the SEC for 2026-06-30; N-PORT is made public about 60 days after quarter end.",
  "Only common-stock holdings are read; cash, securities-lending collateral and derivatives are left out.",
  "Sectors come from each company’s SEC industry code (SIC), grouped broadly; they can differ from an index provider’s sector labels.",
  "Display only: this describes what the fund holds, it is not a rating of the fund and not investment advice."
 ],
 "license": "CC BY 4.0, POPS4. Holdings are the fund’s own SEC filing.",
 "refreshedAt": "2026-09-26T15:35:40.785Z"
}