SPDR S&P 500 Value ETF cuts positions in Apple and Amazon, trimming holdings while adding a smaller number of stocks

A widely followed exchange-traded fund with a value-focused mandate reported a reshuffling of its stock holdings that included trimming positions in both Apple and Amazon.

In a trade update posted through Yahoo Finance, the SPDR Portfolio S&P 500 Value ETF, known as SPYV, said it sold $120.8 million more than it bought during the period referenced in the report. The activity was described as a net reduction in exposure rather than an expansion of the fund’s portfolio.

The update indicated the fund cut 416 positions while adding 16 new ones. In the same account of the day’s changes, the fund was reported as selling Apple and Amazon, with the trades standing out because both companies are large, heavily owned names in broad equity benchmarks.

For Amazon, the reported selling is notable because the company’s stock often attracts systematic investment from index-tracking products. Even when individual funds hold only a slice of a company’s overall ownership, adjustments like these can be meaningful for the ETF’s internal rebalancing mechanics and for short-term trading volumes tied to ETF creation and redemption activity.

SPYV is designed to track the S&P 500 Value universe, meaning it typically emphasizes stocks that screen as “value” relative to traditional financial metrics. The logic of value tilts generally produces periodic turnover, especially when style factors shift or when the underlying index methodology updates constituents.