VanEck Steel ETF (SLX) Holdings
SLX holdings summary
as of Oct 25, 2026- Holdings
- 39 positions listed
- Top 10 weight
- 56.4% of net assets
- Effective holdings
- 24 equal-weight equivalent
- Largest holding
- NUE 7.11% Nucor Corporation
- Annual turnover
- 21.8% of the portfolio traded
All SLX holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | NUE | Nucor Corporation | Basic Materials | 7.11% | $10.7M | $58.15B | 20.4 |
| 2 | BHP | BHP Group Limited | Basic Materials | 6.87% | $10.3M | $211.68B | 21.6 |
| 3 | RIO | Rio Tinto Group | Basic Materials | 6.61% | $10.0M | $146.90B | 12.2 |
| 4 | VALE | Vale S.A. | Basic Materials | 6.45% | $9.7M | $55.58B | 26.1 |
| 5 | STLD | Steel Dynamics, Inc. | Basic Materials | 5.45% | $8.2M | $34.48B | 21.8 |
| 6 | MT | ArcelorMittal S.A. | Basic Materials | 5.43% | $8.2M | $47.41B | 26.6 |
| 7 | RS | Reliance Steel & Aluminum Co. | Basic Materials | 5.42% | $8.2M | $20.99B | 23.9 |
| 8 | 5401 | Nippon Steel Corp | Basic Materials | 4.78% | $7.2M | — | — |
| 9 | RIO | Rio Tinto Ltd | Basic Materials | 4.18% | $6.3M | — | — |
| 10 | 5412 | Posco | Other | 4.10% | $6.2M | — | — |
| 11 | FMG | Fortescue Ltd | Basic Materials | 4.10% | $6.2M | — | — |
| 12 | TS | Tenaris S.A. | Energy | 4.02% | $6.1M | $29.98B | 15.8 |
| 13 | 2002 | China Steel Corp | Basic Materials | 3.10% | $4.7M | — | — |
| 14 | BSL | Bluescope Steel Ltd | Basic Materials | 2.63% | $4.0M | — | — |
| 15 | SSAB-B | SSAB AB (publ) | Basic Materials | 2.53% | $3.8M | — | — |
| 16 | GGB | Gerdau S.A. | Basic Materials | 2.52% | $3.8M | $9.85B | 22.8 |
| 17 | 5411 | JFE Holdings Inc. | Basic Materials | 2.50% | $3.8M | — | — |
| 18 | CLF | Cleveland-Cliffs Inc. | Basic Materials | 2.38% | $3.6M | $6.91B | — |
| 19 | VOE | Voestalpine AG | Basic Materials | 2.24% | $3.4M | — | — |
| 20 | CMC | Commercial Metals Company | Industrials | 2.06% | $3.1M | $7.19B | 11.1 |
| 21 | 2027 | Ta Chen Stainless Pipe Co Ltd | Basic Materials | 1.48% | $2.2M | — | — |
| 22 | ACX | Acerinox | Basic Materials | 1.47% | $2.2M | — | — |
| 23 | RUS | Russel Metals Inc. | Industrials | 1.36% | $2.1M | — | — |
| 24 | MIN | Mineral Resources Ltd | Basic Materials | 1.34% | $2.0M | — | — |
| 25 | TX | Ternium S.A. | Basic Materials | 1.24% | $1.9M | $11.21B | 15.9 |
| 26 | 5444 | Yamato Kogyo Co Ltd | Basic Materials | 1.05% | $1.6M | — | — |
| 27 | EREGL | Eregli Demir ve Celik Fabrikalari TAS | Basic Materials | 0.96% | $1.4M | — | — |
| 28 | 5463 | Maruichi Steel Tube Ltd | Basic Materials | 0.89% | $1.3M | — | — |
| 29 | OUT1V | Outokumpu Oyj | Basic Materials | 0.84% | $1.3M | — | — |
| 30 | SGM | Sims Ltd | Basic Materials | 0.76% | $1.1M | — | — |
| 31 | APAM | Aperam SA | Basic Materials | 0.73% | $1.1M | — | — |
| 32 | 004020 | Hyundai Steel | Basic Materials | 0.71% | $1.1M | — | — |
| 33 | 8078 | Hanwa Co Ltd | Industrials | 0.64% | $958,120.38 | — | — |
| 34 | WS | Worthington Steel, Inc. | Basic Materials | 0.52% | $784,601.33 | $1.99B | — |
| 35 | 2015 | Feng Hsin Steel Co Ltd | Basic Materials | 0.47% | $714,259.84 | — | — |
| 36 | VSVS | Vesuvius PLC | Basic Materials | 0.40% | $607,166.05 | — | — |
| 37 | SID | Companhia Siderúrgica Nacional | Basic Materials | 0.38% | $574,028.73 | $1.47B | — |
| 38 | LIF | Labrador Iron Ore Royalty Corp | Basic Materials | 0.37% | $551,284.48 | — | — |
| 39 | KIO | Kumba Iron Ore Ltd | Basic Materials | 0.30% | $447,655.05 | — | — |
Weights as a percentage of net assets. Value held = weight × net assets ($150.6M). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
SLX sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Basic Materials | 88.2% | 34 | NUE, BHP, RIO |
| Other | 4.1% | 1 | 5412 |
| Industrials | 4.1% | 3 | CMC, RUS, 8078 |
| Energy | 4.0% | 1 | TS |
Sum of the weights of the holdings in each sector.
SLX top industries
SLX overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| VXUS | Vanguard Total International Stock ETF | 1.2% | 28 of 8,035 | 0.05% |
| IWM | iShares Russell 2000 ETF | 0.4% | 4 of 1,962 | 0.19% |
| VTI | Vanguard Total Stock Market ETF | 0.2% | 8 of 2,941 | 0.03% |
| SPY | SPDR S&P 500 ETF | 0.1% | 2 of 502 | 0.09% |
| QQQ | Invesco QQQ ETF | 0.0% | 0 of 101 | 0.17% |
| DIA | SPDR Dow Jones Industrial Average ETF | 0.0% | 0 of 30 | 0.16% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the SLX portfolio
VanEck Steel ETF holds 39 positions. The ten largest make up 56.4% of the fund, so it behaves like a portfolio of about 24 equally weighted stocks. The biggest positions are Nucor Corporation (7.11%), BHP Group Limited (6.87%), Rio Tinto Group (6.61%), Vale S.A. (6.45%), Steel Dynamics, Inc. (5.45%).
By sector, Basic Materials is 88.2%, Other is 4.1%, Industrials is 4.1%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: SLX chart, SLX performance, SLX dividends, SLX overview.
SLX holdings FAQ
How many holdings does SLX have?
SLX holds 39 positions as of October 25, 2026.
What are the top 10 holdings of SLX?
The ten largest holdings are Nucor Corporation (7.11%), BHP Group Limited (6.87%), Rio Tinto Group (6.61%), Vale S.A. (6.45%), Steel Dynamics, Inc. (5.45%), ArcelorMittal S.A. (5.43%), Reliance Steel & Aluminum Co. (5.42%), Nippon Steel Corp (4.78%), Rio Tinto Ltd (4.18%), Posco (4.10%). Together they are 56.4% of the fund.
What percentage of SLX is Nucor Corporation?
Nucor Corporation is the largest holding at 7.11% of net assets, about $10.7M of the fund's $150.6M.
Which sector is the largest in SLX?
Basic Materials is the largest sector at 88.2%, followed by Other (4.1%) and Industrials (4.1%), based on the sectors of the individual holdings.
How concentrated is SLX?
The top 10 holdings are 56.4% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) SLX behaves like a portfolio of about 24 equally weighted stocks.