Fidelity MSCI Materials ETF (FMAT) Holdings
FMAT holdings summary
as of Oct 25, 2026- Holdings
- 103 positions listed
- Top 10 weight
- 58.4% of net assets
- Effective holdings
- 19 equal-weight equivalent
- Largest holding
- LIN 15.89% Linde plc
- Annual turnover
- 4.2% of the portfolio traded
Top 1058.4%
Top 2580.2%
Top 5094.1%
Top 10099.7%
All FMAT holdings
103 holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | LIN | Linde plc | Basic Materials | 15.89% | $91.2M | $229.77B | 32.2 |
| 2 | NEM | Newmont Corporation | Basic Materials | 8.01% | $46.0M | $124.97B | 15.0 |
| 3 | FCX | Freeport-McMoRan Inc. | Basic Materials | 6.54% | $37.5M | $99.86B | 34.3 |
| 4 | SHW | The Sherwin-Williams Company | Basic Materials | 5.65% | $32.5M | $81.37B | 30.9 |
| 5 | ECL | Ecolab Inc. | Basic Materials | 5.02% | $28.8M | $80.98B | 38.8 |
| 6 | APD | Air Products and Chemicals, Inc. | Basic Materials | 4.78% | $27.4M | $66.71B | — |
| 7 | NUE | Nucor Corporation | Basic Materials | 3.88% | $22.3M | $58.15B | 20.4 |
| 8 | CRH | CRH PLC | Basic Materials | 3.79% | $21.8M | — | — |
| 9 | VMC | Vulcan Materials Company | Basic Materials | 2.46% | $14.1M | $33.38B | 30.4 |
| 10 | STLD | Steel Dynamics, Inc. | Basic Materials | 2.35% | $13.5M | $34.48B | 21.8 |
| 11 | MLM | Martin Marietta Materials, Inc. | Basic Materials | 2.18% | $12.5M | $35.57B | 32.6 |
| 12 | PPG | PPG Industries, Inc. | Basic Materials | 1.82% | $10.5M | $23.87B | 15.4 |
| 13 | SW | Smurfit WestRock plc | Consumer Cyclical | 1.59% | $9.1M | $21.59B | 43.3 |
| 14 | DOW | Dow Inc. | Basic Materials | 1.57% | $9.0M | $21.62B | — |
| 15 | IFF | International Flavors & Fragrances Inc. | Basic Materials | 1.57% | $9.0M | $23.15B | 89.8 |
| 16 | AMCR | Amcor plc | Consumer Cyclical | 1.52% | $8.7M | $20.26B | 18.4 |
| 17 | PKG | Packaging Corporation of America | Consumer Cyclical | 1.52% | $8.7M | $21.03B | 30.7 |
| 18 | RS | Reliance Steel & Aluminum Co. | Basic Materials | 1.49% | $8.5M | $20.99B | 23.9 |
| 19 | RGLD | Royal Gold, Inc. | Basic Materials | 1.37% | $7.9M | $20.17B | 26.4 |
| 20 | AMRZ | Amerize Inc. | Basic Materials | 1.32% | $7.6M | — | — |
| 21 | LYB | LyondellBasell Industries N.V. | Basic Materials | 1.22% | $7.0M | $20.68B | — |
| 22 | CF | CF Industries Holdings, Inc. | Basic Materials | 1.21% | $7.0M | $18.29B | 9.0 |
| 23 | IP | International Paper Company | Consumer Cyclical | 1.20% | $6.9M | $18.03B | — |
| 24 | BALL | Ball Corporation | Consumer Cyclical | 1.15% | $6.6M | $16.73B | 18.0 |
| 25 | JHX | James Hardie Industries plc | Basic Materials | 1.08% | $6.2M | $14.99B | 103.3 |
| 26 | AVY | Avery Dennison Corporation | Consumer Cyclical | 0.98% | $5.6M | $13.29B | 19.2 |
| 27 | CDE | Coeur Mining, Inc. | Basic Materials | 0.96% | $5.5M | $15.90B | 13.2 |
| 28 | CCK | Crown Holdings, Inc. | Consumer Cyclical | 0.91% | $5.2M | $12.42B | 16.4 |
| 29 | RPM | RPM International Inc. | Basic Materials | 0.85% | $4.9M | $12.72B | 18.4 |
| 30 | ALB | Albemarle Corporation | Basic Materials | 0.79% | $4.5M | $11.27B | 353.6 |
| 31 | AA | Alcoa Corporation | Basic Materials | 0.70% | $4.0M | $10.94B | 7.2 |
| 32 | SOLS | Solstice Advanced Materials, Inc | Basic Materials | 0.68% | $3.9M | $9.41B | 44.9 |
| 33 | HL | Hecla Mining Company | Basic Materials | 0.65% | $3.7M | $10.28B | 19.9 |
| 34 | CTVA | Corteva, Inc. | Basic Materials | 0.61% | $3.5M | $8.59B | 8.0 |
| 35 | ATR | AptarGroup, Inc. | Healthcare | 0.59% | $3.4M | $7.92B | 22.5 |
| 36 | ESI | Element Solutions Inc | Basic Materials | 0.55% | $3.2M | $8.54B | 47.4 |
| 37 | EMN | Eastman Chemical Company | Basic Materials | 0.53% | $3.0M | $7.13B | 16.3 |
| 38 | CLF | Cleveland-Cliffs Inc. | Basic Materials | 0.53% | $3.0M | $6.91B | — |
| 39 | AXTA | Axalta Coating Systems Ltd. | Basic Materials | 0.52% | $3.0M | $7.16B | 20.5 |
| 40 | CMC | Commercial Metals Company | Industrials | 0.51% | $2.9M | $7.19B | 11.1 |
| 41 | NEU | NewMarket Corporation | Basic Materials | 0.47% | $2.7M | $8.06B | 18.9 |
| 42 | MP | MP Materials Corp. | Basic Materials | 0.39% | $2.2M | $7.15B | — |
| 43 | BCPC | Balchem Corporation | Basic Materials | 0.38% | $2.2M | $5.44B | 33.6 |
| 44 | MOS | The Mosaic Company | Basic Materials | 0.38% | $2.2M | $5.98B | — |
| 45 | EXP | Eagle Materials Inc. | Basic Materials | 0.38% | $2.2M | $5.22B | 13.4 |
| 46 | CE | Celanese Corporation | Basic Materials | 0.34% | $2.0M | $5.21B | — |
| 47 | SON | Sonoco Products Company | Consumer Cyclical | 0.33% | $1.9M | $4.92B | 7.7 |
| 48 | SXT | Sensient Technologies Corporation | Basic Materials | 0.33% | $1.9M | $5.69B | 36.0 |
| 49 | MTRN | Materion Corporation | Basic Materials | 0.30% | $1.7M | $5.11B | 57.2 |
| 50 | HCC | Warrior Met Coal, Inc. | Basic Materials | 0.29% | $1.7M | $4.75B | 21.6 |
| 51 | PRM | Perimeter Solutions, SA | Basic Materials | 0.29% | $1.7M | $4.34B | — |
| 52 | AVNT | Avient Corporation | Basic Materials | 0.26% | $1.5M | $3.58B | 21.1 |
| 53 | CBT | Cabot Corporation | Basic Materials | 0.25% | $1.4M | $3.84B | 20.8 |
| 54 | SLGN | Silgan Holdings Inc. | Consumer Cyclical | 0.24% | $1.4M | $3.99B | 14.8 |
| 55 | ASH | Ashland Inc. | Basic Materials | 0.21% | $1.2M | $3.26B | 45.6 |
| 56 | KNF | Knife River Corporation | Basic Materials | 0.20% | $1.2M | $2.87B | 20.5 |
| 57 | CSTM | Constellium SE | Basic Materials | 0.20% | $1.1M | $3.45B | 6.6 |
| 58 | FUL | H.B. Fuller Company | Basic Materials | 0.19% | $1.1M | $2.76B | 14.3 |
| 59 | SMG | The Scotts Miracle-Gro Company | Basic Materials | 0.19% | $1.1M | $3.18B | 19.5 |
| 60 | GPK | Graphic Packaging Holding Company | Consumer Cyclical | 0.18% | $1.0M | $2.54B | 13.0 |
| 61 | HWKN | Hawkins, Inc. | Basic Materials | 0.17% | $984,964.25 | $2.75B | 34.1 |
| 62 | IOSP | Innospec Inc. | Basic Materials | 0.16% | $936,175.23 | $2.38B | 19.8 |
| 63 | NGVT | Ingevity Corporation | Basic Materials | 0.16% | $935,601.24 | $2.40B | 99.7 |
| 64 | KWR | Quaker Chemical Corporation | Basic Materials | 0.15% | $848,928.98 | $2.70B | 28.0 |
| 65 | CENX | Century Aluminum Company | Basic Materials | 0.15% | $840,319.15 | $3.47B | 6.1 |
| 66 | CC | The Chemours Company | Basic Materials | 0.14% | $791,530.13 | $1.92B | — |
| 67 | GEF | Greif, Inc. | Consumer Cyclical | 0.14% | $790,382.15 | $4.67B | 37.2 |
| 68 | WLK | Westlake Corporation | Basic Materials | 0.14% | $779,476.37 | $8.09B | — |
| 69 | MTX | Minerals Technologies Inc. | Basic Materials | 0.13% | $733,557.29 | $1.96B | — |
| 70 | OLN | Olin Corporation | Basic Materials | 0.13% | $733,557.29 | $1.78B | — |
| 71 | KALU | Kaiser Aluminum Corporation | Basic Materials | 0.13% | $719,781.57 | $2.41B | 10.9 |
| 72 | USAR | USA Rare Earth, Inc. | Basic Materials | 0.12% | $699,117.98 | $3.95B | — |
| 73 | AMR | Alpha Metallurgical Resources, Inc. | Basic Materials | 0.11% | $658,364.80 | $2.11B | — |
| 74 | HUN | Huntsman Corporation | Basic Materials | 0.10% | $586,616.24 | $1.50B | — |
| 75 | PPTA | Perpetua Resources Corp. | Basic Materials | 0.10% | $563,656.70 | $2.40B | — |
| 76 | SCL | Stepan Company | Basic Materials | 0.09% | $531,513.34 | $1.41B | — |
| 77 | WS | Worthington Steel, Inc. | Basic Materials | 0.09% | $513,145.71 | $1.99B | — |
| 78 | RYZ | Ryerson Holding Corporation | Industrials | 0.09% | $497,074.03 | $1.43B | — |
| 79 | USLM | United States Lime & Minerals, Inc. | Basic Materials | 0.08% | $473,540.50 | $3.04B | 22.7 |
| 80 | TRS | TriMas Corporation | Consumer Cyclical | 0.08% | $445,989.06 | $1.39B | 15.8 |
| 81 | ECVT | Ecovyst Inc. | Basic Materials | 0.07% | $418,437.61 | $1.13B | 44.7 |
| 82 | MYE | Myers Industries, Inc. | Consumer Cyclical | 0.07% | $415,567.67 | $1.18B | 23.2 |
| 83 | SLVM | Sylvamo Corporation | Basic Materials | 0.07% | $414,419.69 | $1.30B | 17.4 |
| 84 | OI | O-I Glass, Inc. | Consumer Cyclical | 0.07% | $385,720.26 | $895.8M | — |
| 85 | IE | Ivanhoe Electric Inc. | Basic Materials | 0.06% | $352,428.93 | $1.38B | — |
| 86 | HYMC | Hycroft Mining Holding Corporation | Basic Materials | 0.06% | $340,949.16 | $1.60B | — |
| 87 | SXC | SunCoke Energy, Inc. | Basic Materials | 0.06% | $339,801.19 | $870.0M | — |
| 88 | CMP | Compass Minerals International, Inc. | Basic Materials | 0.05% | $289,864.19 | $934.5M | 53.0 |
| 89 | MUX | McEwen Mining Inc. | Basic Materials | 0.05% | $284,698.29 | $970.2M | 12.9 |
| 90 | MTUS | Metallus Inc. | Basic Materials | 0.05% | $267,478.64 | $852.2M | 108.2 |
| 91 | KOP | Koppers Holdings Inc. | Basic Materials | 0.05% | $267,478.64 | $819.2M | — |
| 92 | FMC | FMC Corporation | Basic Materials | 0.04% | $251,406.96 | $880.4M | — |
| 93 | LXU | LSB Industries, Inc. | Basic Materials | 0.04% | $219,263.60 | $765.3M | 21.3 |
| 94 | GB6B | GREIF INC. CL.B | Consumer Cyclical | 0.04% | $211,227.76 | — | — |
| 95 | TMC | TMC the metals company Inc. | Basic Materials | 0.04% | $207,209.84 | $1.14B | — |
| 96 | NB | NioCorp Developments Ltd. | Basic Materials | 0.03% | $173,918.51 | $455.8M | — |
| 97 | PCT | PureCycle Technologies, Inc. | Industrials | 0.03% | $163,586.72 | $616.8M | — |
| 98 | TROX | Tronox Holdings plc | Basic Materials | 0.03% | $162,438.74 | $554.2M | — |
| 99 | UAMY | United States Antimony Corporation | Basic Materials | 0.03% | $153,828.92 | $426.6M | — |
| 100 | ASPI | ASP Isotopes Inc. | Basic Materials | 0.02% | $105,039.89 | $328.1M | — |
| 101 | METC | Ramaco Resources, Inc. | Basic Materials | 0.02% | $104,465.90 | $498.6M | — |
| 102 | TMQ | Trilogy Metals Inc | Basic Materials | 0.01% | $84,376.31 | — | — |
| 103 | RMIX | Suncrete, Inc. | Basic Materials | 0.01% | $69,452.61 | $744.4M | 26.7 |
Weights as a percentage of net assets. Value held = weight × net assets ($574.0M). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
FMAT sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Basic Materials | 88.5% | 84 | LIN, NEM, FCX |
| Consumer Cyclical | 10.0% | 15 | SW, AMCR, PKG |
| Industrials | 0.6% | 3 | CMC, RYZ, PCT |
| Healthcare | 0.6% | 1 | ATR |
Sum of the weights of the holdings in each sector.
FMAT top industries
Specialty Chemicals
43.5%
Building Materials
11.5%
Gold
10.4%
Packaging & Containers
10.0%
Steel
8.4%
Copper
6.6%
Agricultural Inputs
2.4%
Chemicals
2.2%
Aluminum
1.2%
Other Industrial Metals & Mining
1.0%
Other Precious Metals & Mining
0.8%
Metal Fabrication
0.6%
Medical Instruments & Supplies
0.6%
Coking Coal
0.5%
Paper & Paper Products
0.1%
FMAT overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| VAW | Vanguard Materials ETF | 94.1% | 98 of 110 | 0.10% |
| XLB | Materials Select Sector SPDR Fund | 71.1% | 24 of 24 | 0.09% |
| IYM | iShares U.S. Basic Materials ETF | 63.5% | 30 of 40 | 0.42% |
| DIA | SPDR Dow Jones Industrial Average ETF | 4.0% | 1 of 30 | 0.16% |
| IWM | iShares Russell 2000 ETF | 3.3% | 49 of 1,962 | 0.19% |
| VTI | Vanguard Total Stock Market ETF | 1.9% | 94 of 2,941 | 0.03% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the FMAT portfolio
Fidelity MSCI Materials ETF holds 103 positions. The ten largest make up 58.4% of the fund and the top 50 94.1%, so it behaves like a portfolio of about 19 equally weighted stocks. The biggest positions are Linde plc (15.89%), Newmont Corporation (8.01%), Freeport-McMoRan Inc. (6.54%), The Sherwin-Williams Company (5.65%), Ecolab Inc. (5.02%).
By sector, Basic Materials is 88.5%, Consumer Cyclical is 10.0%, Industrials is 0.6%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: FMAT chart, FMAT performance, FMAT dividends, FMAT valuation, FMAT overview.
FMAT holdings FAQ
How many holdings does FMAT have?
FMAT holds 103 positions as of October 25, 2026.
What are the top 10 holdings of FMAT?
The ten largest holdings are Linde plc (15.89%), Newmont Corporation (8.01%), Freeport-McMoRan Inc. (6.54%), The Sherwin-Williams Company (5.65%), Ecolab Inc. (5.02%), Air Products and Chemicals, Inc. (4.78%), Nucor Corporation (3.88%), CRH PLC (3.79%), Vulcan Materials Company (2.46%), Steel Dynamics, Inc. (2.35%). Together they are 58.4% of the fund.
What percentage of FMAT is Linde plc?
Linde plc is the largest holding at 15.89% of net assets, about $91.2M of the fund's $574.0M.
Which sector is the largest in FMAT?
Basic Materials is the largest sector at 88.5%, followed by Consumer Cyclical (10.0%) and Industrials (0.6%), based on the sectors of the individual holdings.
How concentrated is FMAT?
The top 10 holdings are 58.4% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) FMAT behaves like a portfolio of about 19 equally weighted stocks.