T. Rowe Price Financials ETF (TFNS) Holdings
TFNS holdings summary
as of Oct 25, 2026- Holdings
- 81 positions listed
- Top 10 weight
- 52.3% of net assets
- Effective holdings
- 24 equal-weight equivalent
- Largest holding
- BRK.B 12.27% Berkshire Hathaway Inc.
- Annual turnover
- — of the portfolio traded
All TFNS holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | BRK.B | Berkshire Hathaway Inc. | Financial Services | 12.27% | $2.2M | $1.14T | 13.4 |
| 2 | V | Visa Inc. | Financial Services | 7.79% | $1.4M | $755.84B | 34.3 |
| 3 | MA | Mastercard Incorporated | Financial Services | 6.63% | $1.2M | $540.87B | 34.0 |
| 4 | JPM | JPMorgan Chase & Co. | Financial Services | 4.67% | $844,478.17 | $902.16B | 14.2 |
| 5 | BAC | Bank of America Corporation | Financial Services | 4.53% | $820,047.75 | $358.24B | 12.2 |
| 6 | WFC | Wells Fargo & Company | Financial Services | 3.88% | $701,949.29 | $251.75B | 11.8 |
| 7 | GS | The Goldman Sachs Group, Inc. | Financial Services | 3.50% | $633,055.51 | $256.60B | 12.7 |
| 8 | C | Citigroup Inc. | Financial Services | 3.15% | $570,006.93 | $208.44B | 12.1 |
| 9 | SCHW | The Charles Schwab Corporation | Financial Services | 3.13% | $566,116.16 | $159.03B | 15.7 |
| 10 | CB | Chubb Limited | Financial Services | 2.80% | $506,162.10 | $138.81B | 12.7 |
| 11 | MS | Morgan Stanley | Financial Services | 2.50% | $451,890.37 | $283.60B | 14.3 |
| 12 | COF | Capital One Financial Corporation | Financial Services | 2.47% | $447,040.48 | $123.76B | 13.0 |
| 13 | BLK | BlackRock, Inc. | Financial Services | 2.29% | $414,502.78 | $184.31B | 25.8 |
| 14 | MRSH | Marsh & McLennan Companies, Inc. | Financial Services | 1.95% | $353,046.71 | $89.88B | 22.5 |
| 15 | ALL | The Allstate Corporation | Financial Services | 1.61% | $290,921.05 | $62.68B | 5.0 |
| 16 | USB | U.S. Bancorp | Financial Services | 1.48% | $267,413.56 | $91.50B | 11.4 |
| 17 | MET | MetLife, Inc. | Financial Services | 1.35% | $243,417.46 | $64.03B | 19.3 |
| 18 | ICE | Intercontinental Exchange, Inc. | Financial Services | 1.24% | $223,782.64 | $90.70B | 22.8 |
| 19 | AXP | American Express Company | Financial Services | 1.11% | $201,596.20 | $211.77B | 19.0 |
| 20 | CME | CME Group Inc. | Financial Services | 1.11% | $200,401.83 | $105.67B | 24.9 |
| 21 | STT | State Street Corporation | Financial Services | 1.10% | $198,917.90 | $45.52B | 13.5 |
| 22 | AON | Aon plc | Financial Services | 1.08% | $196,040.54 | $62.06B | 16.1 |
| 23 | KKR | KKR & Co. Inc. | Financial Services | 1.06% | $192,366.93 | $79.62B | 27.5 |
| 24 | PGR | The Progressive Corporation | Financial Services | 1.06% | $191,733.55 | $126.81B | 11.0 |
| 25 | SPGI | S&P Global Inc. | Financial Services | 0.98% | $176,659.08 | $126.66B | 26.1 |
| 26 | HBAN | Huntington Bancshares Incorporated | Financial Services | 0.94% | $170,560.52 | $30.85B | 11.7 |
| 27 | WAL | Western Alliance Bancorporation | Financial Services | 0.94% | $170,090.01 | $8.13B | 8.4 |
| 28 | APO | Apollo Global Management, Inc. | Financial Services | 0.92% | $166,126.85 | $65.42B | 39.7 |
| 29 | GPN | Global Payments Inc. | Industrials | 0.92% | $165,855.40 | $22.14B | 39.3 |
| 30 | WTW | Willis Towers Watson Public Limited Company | Financial Services | 0.89% | $161,946.54 | $29.30B | 19.5 |
| 31 | XYZ | Block, Inc | Technology | 0.88% | $158,815.82 | $46.80B | 139.1 |
| 32 | BNY | The Bank of New York Mellon Corporation | Financial Services | 0.83% | $149,930.39 | $97.23B | 15.9 |
| 33 | PYPL | PayPal Holdings, Inc. | Financial Services | 0.82% | $147,776.89 | $48.50B | 10.7 |
| 34 | HOOD | Robinhood Markets, Inc. | Financial Services | 0.70% | $127,056.28 | $88.89B | 43.6 |
| 35 | SLM | SLM Corporation | Financial Services | 0.70% | $126,169.54 | $4.10B | 6.1 |
| 36 | EQH | Equitable Holdings, Inc. | Financial Services | 0.69% | $124,920.88 | $14.51B | — |
| 37 | AXS | AXIS Capital Holdings Limited | Financial Services | 0.67% | $120,469.11 | $7.27B | 7.1 |
| 38 | BCS | Barclays PLC | Financial Services | 0.64% | $115,329.68 | $75.96B | 8.8 |
| 39 | AIG | American International Group, Inc. | Financial Services | 0.61% | $109,538.76 | $42.22B | 14.8 |
| 40 | PNFP | Pinnacle Financial Partners, Inc. | Financial Services | 0.60% | $108,344.39 | $14.31B | 13.0 |
| 41 | COLB | Columbia Banking System, Inc. | Financial Services | 0.55% | $99,766.59 | $8.05B | 11.2 |
| 42 | FISV | Fiserv, Inc. | Technology | 0.54% | $98,445.54 | $25.29B | 9.1 |
| 43 | ARES | Ares Management Corporation | Financial Services | 0.53% | $96,002.50 | $37.25B | 51.7 |
| 44 | KEY | KeyCorp | Financial Services | 0.52% | $93,794.71 | $21.33B | 11.6 |
| 45 | PNC | The PNC Financial Services Group, Inc. | Financial Services | 0.50% | $90,772.58 | $86.73B | 11.6 |
| 46 | UMBF | UMB Financial Corporation | Financial Services | 0.47% | $85,958.88 | $9.96B | 10.9 |
| 47 | FULT | Fulton Financial Corporation | Financial Services | 0.46% | $83,009.14 | $4.28B | 10.8 |
| 48 | BRO | Brown & Brown, Inc. | Financial Services | 0.45% | $81,706.18 | $23.22B | 21.9 |
| 49 | STEP | StepStone Group Inc. | Financial Services | 0.45% | $81,326.15 | $5.38B | — |
| 50 | TRV | The Travelers Companies, Inc. | Financial Services | 0.45% | $80,674.67 | $81.25B | 10.5 |
| 51 | IVZ | Invesco Ltd. | Financial Services | 0.44% | $79,968.91 | $12.45B | — |
| 52 | SYF | Synchrony Financial | Financial Services | 0.42% | $75,716.20 | $23.97B | 7.5 |
| 53 | LPLA | LPL Financial Holdings Inc. | Financial Services | 0.41% | $74,901.86 | $25.27B | 25.5 |
| 54 | MRX | Marex Group plc | Financial Services | 0.40% | $73,019.81 | $5.35B | 14.2 |
| 55 | CPAY | Corpay, Inc. | Technology | 0.40% | $71,952.11 | $26.25B | 24.3 |
| 56 | TW | Tradeweb Markets Inc. | Financial Services | 0.39% | $70,866.31 | $24.52B | 27.2 |
| 57 | VIRT | Virtu Financial, Inc. | Financial Services | 0.35% | $64,098.18 | $5.02B | 9.4 |
| 58 | FSUN | FirstSun Capital Bancorp | Financial Services | 0.35% | $63,645.77 | $1.67B | 22.7 |
| 59 | BPOP | Popular, Inc. | Financial Services | 0.31% | $56,606.19 | $10.13B | 10.7 |
| 60 | NU | Nu Holdings Ltd. | Financial Services | 0.31% | $56,515.70 | $70.33B | 19.9 |
| 61 | BX | Blackstone Inc. | Financial Services | 0.27% | $48,842.74 | $127.43B | 23.9 |
| 62 | LCLN | Lincoln International, Inc. | Financial Services | 0.27% | $48,553.20 | $2.53B | — |
| 63 | HBNC | Horizon Bancorp, Inc. | Financial Services | 0.26% | $46,381.60 | $999.2M | — |
| 64 | MCO | Moody's Corporation | Financial Services | 0.26% | $46,273.02 | $84.00B | 30.8 |
| 65 | FITB | Fifth Third Bancorp | Financial Services | 0.25% | $45,440.58 | $45.68B | 17.0 |
| 66 | NEWT | NewtekOne, Inc. | Financial Services | 0.25% | $44,716.72 | $318.0M | 5.0 |
| 67 | UBSG | UBS Group AG | Financial Services | 0.23% | $41,549.81 | — | — |
| 68 | LC | LendingClub Corp | Financial Services | 0.23% | $41,477.42 | — | — |
| 69 | RNR | RenaissanceRe Holdings Ltd. | Financial Services | 0.21% | $38,220.03 | $14.59B | 6.1 |
| 70 | TPG | TPG Inc. | Financial Services | 0.21% | $37,297.11 | $16.61B | 63.5 |
| 71 | HIG | The Hartford Financial Services Group, Inc. | Financial Services | 0.20% | $36,392.28 | $36.60B | 9.6 |
| 72 | ETOR | eToro Group Ltd. | Financial Services | 0.20% | $36,301.79 | $1.94B | 9.0 |
| 73 | LNC | Lincoln National Corporation | Financial Services | 0.20% | $35,559.83 | $7.63B | 3.4 |
| 74 | ASB | Associated Banc-Corp | Financial Services | 0.20% | $35,324.58 | $5.47B | 10.1 |
| 75 | MSCI | MSCI Inc. | Financial Services | 0.19% | $34,492.13 | $41.37B | 31.1 |
| 76 | AMP | Ameriprise Financial, Inc. | Financial Services | 0.18% | $32,429.12 | $44.24B | 12.1 |
| 77 | EFX | Equifax Inc. | Industrials | 0.16% | $29,316.50 | $18.94B | 28.4 |
| 78 | KB | KB Financial Group Inc. | Financial Services | 0.14% | $25,715.28 | $41.71B | 10.2 |
| 79 | CRBG | Corebridge Financial, Inc. | Financial Services | 0.14% | $25,190.48 | $15.35B | 21.7 |
| 80 | NTRS | Northern Trust Corporation | Financial Services | 0.10% | $18,404.25 | $30.29B | 14.2 |
| 81 | AFRM | Affirm Holdings, Inc. | Financial Services | 0.06% | $10,550.32 | $24.97B | 13.4 |
Weights as a percentage of net assets. Value held = weight × net assets ($18.1M). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
TFNS sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Financial Services | 96.5% | 76 | BRK.B, V, MA |
| Technology | 1.8% | 3 | XYZ, FISV, CPAY |
| Industrials | 1.1% | 2 | GPN, EFX |
Sum of the weights of the holdings in each sector.
TFNS top industries
TFNS overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| XLF | Financial Select Sector SPDR Fund | 74.6% | 50 of 76 | 0.09% |
| IYG | iShares U.S. Financial Services ETF | 69.1% | 45 of 97 | 0.39% |
| FNCL | Fidelity MSCI Financials ETF | 69.0% | 72 of 381 | 0.07% |
| VFH | Vanguard Financials ETF | 67.6% | 72 of 423 | 0.10% |
| IYF | iShares U.S. Financials ETF | 62.4% | 55 of 142 | 0.40% |
| SKF | ProShares UltraShort Financials | 55.2% | 41 of 104 | 0.93% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the TFNS portfolio
T. Rowe Price Financials ETF holds 81 positions. The ten largest make up 52.3% of the fund and the top 50 91.4%, so it behaves like a portfolio of about 24 equally weighted stocks. The biggest positions are Berkshire Hathaway Inc. (12.27%), Visa Inc. (7.79%), Mastercard Incorporated (6.63%), JPMorgan Chase & Co. (4.67%), Bank of America Corporation (4.53%).
By sector, Financial Services is 96.5%, Technology is 1.8%, Industrials is 1.1%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: TFNS chart, TFNS performance, TFNS dividends, TFNS valuation, TFNS overview.
TFNS holdings FAQ
How many holdings does TFNS have?
TFNS holds 81 positions as of October 25, 2026.
What are the top 10 holdings of TFNS?
The ten largest holdings are Berkshire Hathaway Inc. (12.27%), Visa Inc. (7.79%), Mastercard Incorporated (6.63%), JPMorgan Chase & Co. (4.67%), Bank of America Corporation (4.53%), Wells Fargo & Company (3.88%), The Goldman Sachs Group, Inc. (3.50%), Citigroup Inc. (3.15%), The Charles Schwab Corporation (3.13%), Chubb Limited (2.80%). Together they are 52.3% of the fund.
What percentage of TFNS is Berkshire Hathaway Inc.?
Berkshire Hathaway Inc. is the largest holding at 12.27% of net assets, about $2.2M of the fund's $18.1M.
Which sector is the largest in TFNS?
Financial Services is the largest sector at 96.5%, followed by Technology (1.8%) and Industrials (1.1%), based on the sectors of the individual holdings.
How concentrated is TFNS?
The top 10 holdings are 52.3% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) TFNS behaves like a portfolio of about 24 equally weighted stocks.