Quarterly Report
December 31, 2024
SPDR® S&P 500® ETF Trust
A Unit Investment Trust
“Standard & Poor’s®”, “S&P®”, “S&P 500®”, “Standard & Poor’s 500®”, “500®”, “Standard & Poor’s Depositary Receipts®”, “SPDR®” and “SPDRs®” are trademarks of Standard & Poor’s Financial Services LLC and have been licensed for use by S&P Dow Jones Indices LLC (“S&P”) and sublicensed for use by State Street Global Advisors Funds Distributors, LLC. SPDR® S&P 500® ETF Trust is permitted to use these trademarks pursuant to a sublicense from State Street Global Advisors Funds Distributors, LLC. SPDR® S&P 500® ETF Trust is not sponsored, endorsed, sold or promoted by S&P, its affiliates or its third party licensors.
SPDR S&P 500® ETF Trust
December 31, 2024 (Unaudited)
SPDR S&P 500® ETF Trust
SCHEDULE OF INVESTMENTS
December 31, 2024 (Unaudited)
Common Stocks Shares Value
3M Co.
6,846,568 $883,823,463
A.O. Smith Corp.
1,497,508 102,145,021
Abbott Laboratories
21,807,419 2,466,637,163
AbbVie, Inc.
22,218,152 3,948,165,610
Accenture PLC Class A
7,856,530 2,763,848,689
Adobe, Inc. (a)
5,534,798 2,461,213,975
Advanced Micro Devices, Inc. (a)
20,403,865 2,464,582,853
AES Corp.
8,959,132 115,304,029
Aflac, Inc.
6,286,229 650,247,528
Agilent Technologies, Inc.
3,612,594 485,315,878
Air Products & Chemicals, Inc.
2,794,571 810,537,373
Airbnb, Inc. Class A (a)
5,442,907 715,252,409
Akamai Technologies, Inc. (a)
1,888,503 180,635,312
Albemarle Corp.
1,480,865 127,472,859
Alexandria Real Estate Equities, Inc. REIT
1,955,185 190,728,297
Align Technology, Inc. (a)
884,395 184,405,201
Allegion PLC
1,092,884 142,818,081
Alliant Energy Corp.
3,232,478 191,168,749
Allstate Corp.
3,329,556 641,905,101
Alphabet, Inc. Class A
73,464,700 13,906,867,710
Alphabet, Inc. Class C
59,838,296 11,395,605,090
Altria Group, Inc.
21,309,258 1,114,261,101
Amazon.com, Inc. (a)
117,663,514 25,814,198,336
Amcor PLC
18,214,574 171,399,141
Ameren Corp.
3,356,159 299,168,013
American Electric Power Co., Inc.
6,695,775 617,551,328
American Express Co.
6,996,846 2,076,593,924
American International Group, Inc.
7,842,828 570,957,878
American Tower Corp. REIT
5,872,929 1,077,153,908
American Water Works Co., Inc.
2,450,741 305,092,747
Ameriprise Financial, Inc.
1,219,761 649,437,349
AMETEK, Inc.
2,908,228 524,237,179
Amgen, Inc.
6,758,338 1,761,493,216
Amphenol Corp. Class A
15,141,312 1,051,564,118
Analog Devices, Inc.
6,242,418 1,326,264,128
Common Stocks Shares Value
ANSYS, Inc. (a)
1,099,195 $370,791,449
Aon PLC Class A
2,718,940 976,534,490
APA Corp.
4,661,957 107,644,587
Apollo Global Management, Inc.
5,620,233 928,237,682
Apple, Inc.
190,052,772 47,593,015,164
Applied Materials, Inc.
10,365,455 1,685,733,947
Aptiv PLC (a)
2,954,947 178,715,195
Arch Capital Group Ltd.
4,711,069 435,067,222
Archer-Daniels-Midland Co.
6,011,599 303,705,981
Arista Networks, Inc. (a)
12,988,171 1,435,582,541
Arthur J Gallagher & Co.
3,141,573 891,735,496
Assurant, Inc.
644,738 137,471,036
AT&T, Inc.
90,215,524 2,054,207,481
Atmos Energy Corp.
1,951,539 271,790,837
Autodesk, Inc. (a)
2,702,891 798,893,493
Automatic Data Processing, Inc.
5,123,291 1,499,740,974
AutoZone, Inc. (a)
212,621 680,812,442
AvalonBay Communities, Inc. REIT
1,786,350 392,943,410
Avery Dennison Corp.
1,009,948 188,991,569
Axon Enterprise, Inc. (a)
911,145 541,511,696
Baker Hughes Co.
12,441,404 510,346,392
Ball Corp.
3,752,408 206,870,253
Bank of America Corp.
83,930,399 3,688,741,036
Bank of New York Mellon Corp.
9,141,888 702,371,255
Baxter International, Inc.
6,431,455 187,541,228
Becton Dickinson & Co.
3,632,460 824,096,200
Berkshire Hathaway, Inc. Class B (a)
23,045,780 10,446,191,158
Best Buy Co., Inc.
2,456,797 210,793,183
Biogen, Inc. (a)
1,832,339 280,201,280
Bio-Techne Corp.
1,986,228 143,068,003
Blackrock, Inc.
1,830,794 1,876,765,237
Blackstone, Inc.
9,078,068 1,565,240,485
Boeing Co. (a)
9,399,607 1,663,730,439
Booking Holdings, Inc.
415,752 2,065,630,552
BorgWarner, Inc.
2,750,019 87,423,104
Boston Scientific Corp. (a)
18,530,707 1,655,162,749
 
See accompanying notes to Schedule of Investments.
1
SPDR S&P 500® ETF Trust
SCHEDULE OF INVESTMENTS (continued) 
December 31, 2024 (Unaudited)
Common Stocks Shares Value
Bristol-Myers Squibb Co.
25,500,563 $1,442,311,843
Broadcom, Inc.
58,723,632 13,614,486,843
Broadridge Financial Solutions, Inc.
1,471,220 332,628,130
Brown & Brown, Inc.
2,984,628 304,491,749
Brown-Forman Corp. Class B
2,289,775 86,965,655
Builders FirstSource, Inc. (a)
1,447,267 206,857,872
Bunge Global SA
1,755,478 136,505,969
BXP, Inc. REIT
1,831,743 136,208,409
Cadence Design Systems, Inc. (a)
3,448,052 1,036,001,704
Caesars Entertainment, Inc. (a)
2,671,571 89,283,903
Camden Property Trust REIT
1,344,210 155,982,128
Campbell's Co.
2,470,094 103,447,537
Capital One Financial Corp.
4,798,924 855,744,128
Cardinal Health, Inc.
3,042,581 359,846,055
CarMax, Inc. (a)
1,947,766 159,249,348
Carnival Corp. (a)
13,060,296 325,462,576
Carrier Global Corp.
10,491,398 716,142,827
Caterpillar, Inc.
6,070,374 2,202,088,872
Cboe Global Markets, Inc.
1,319,169 257,765,623
CBRE Group, Inc. Class A (a)
3,781,970 496,534,841
CDW Corp.
1,675,224 291,555,985
Celanese Corp.
1,376,452 95,264,243
Cencora, Inc.
2,198,817 494,030,204
Centene Corp. (a)
6,347,733 384,545,665
CenterPoint Energy, Inc.
8,193,859 259,991,146
CF Industries Holdings, Inc.
2,187,660 186,651,151
CH Robinson Worldwide, Inc.
1,478,723 152,781,660
Charles River Laboratories International, Inc. (a)
642,920 118,683,032
Charles Schwab Corp.
18,800,830 1,391,449,428
Common Stocks Shares Value
Charter Communications, Inc. Class A (a)
1,215,881 $416,767,530
Chevron Corp.
21,013,364 3,043,575,642
Chipotle Mexican Grill, Inc. (a)
17,131,742 1,033,044,043
Chubb Ltd.
4,712,800 1,302,146,640
Church & Dwight Co., Inc.
3,085,052 323,035,795
Cigna Group
3,497,592 965,825,055
Cincinnati Financial Corp.
1,968,973 282,941,420
Cintas Corp.
4,306,967 786,882,871
Cisco Systems, Inc.
50,116,867 2,966,918,526
Citigroup, Inc.
23,778,752 1,673,786,353
Citizens Financial Group, Inc.
5,540,868 242,468,384
Clorox Co.
1,556,431 252,779,959
CME Group, Inc.
4,527,034 1,051,313,106
CMS Energy Corp.
3,756,851 250,394,119
Coca-Cola Co.
48,745,952 3,034,922,972
Cognizant Technology Solutions Corp. Class A
6,234,345 479,421,130
Colgate-Palmolive Co.
10,271,121 933,747,610
Comcast Corp. Class A
47,992,661 1,801,164,567
Conagra Brands, Inc.
6,000,993 166,527,556
ConocoPhillips
16,264,195 1,612,920,218
Consolidated Edison, Inc.
4,358,873 388,942,238
Constellation Brands, Inc. Class A
1,963,017 433,826,757
Constellation Energy Corp.
3,930,719 879,341,147
Cooper Cos., Inc. (a)
2,508,994 230,651,818
Copart, Inc. (a)
11,022,752 632,595,737
Corning, Inc.
9,688,501 460,397,568
Corpay, Inc. (a)
875,238 296,198,044
Corteva, Inc.
8,641,177 492,201,442
CoStar Group, Inc. (a)
5,154,345 368,999,559
Costco Wholesale Corp.
5,571,089 5,104,621,718
Coterra Energy, Inc.
9,261,306 236,533,755
Crowdstrike Holdings, Inc. Class A (a)
2,926,047 1,001,176,242
Crown Castle, Inc. REIT
5,464,590 495,966,188
 
See accompanying notes to Schedule of Investments.
2
SPDR S&P 500® ETF Trust
SCHEDULE OF INVESTMENTS (continued) 
December 31, 2024 (Unaudited)
Common Stocks Shares Value
CSX Corp.
24,246,090 $782,421,324
Cummins, Inc.
1,725,102 601,370,557
CVS Health Corp.
15,811,786 709,791,074
Danaher Corp.
8,082,284 1,855,288,292
Darden Restaurants, Inc.
1,477,268 275,791,163
DaVita, Inc. (a)
567,428 84,858,857
Dayforce, Inc. (a)
1,983,015 144,046,210
Deckers Outdoor Corp. (a)
1,909,899 387,881,388
Deere & Co.
3,199,471 1,355,615,863
Dell Technologies, Inc. Class C
3,862,262 445,087,073
Delta Air Lines, Inc.
8,060,774 487,676,827
Devon Energy Corp.
8,259,005 270,317,234
Dexcom, Inc. (a)
4,911,192 381,943,402
Diamondback Energy, Inc.
2,349,644 384,942,177
Digital Realty Trust, Inc. REIT
3,920,076 695,147,077
Discover Financial Services
3,156,988 546,885,031
Dollar General Corp.
2,771,546 210,138,618
Dollar Tree, Inc. (a)
2,546,291 190,819,048
Dominion Energy, Inc.
10,561,521 568,843,521
Domino's Pizza, Inc.
433,977 182,166,186
Dover Corp.
1,725,193 323,646,207
Dow, Inc.
8,802,514 353,244,887
DR Horton, Inc.
3,666,808 512,693,095
DTE Energy Co.
2,604,092 314,444,109
Duke Energy Corp.
9,705,937 1,045,717,652
DuPont de Nemours, Inc.
5,261,704 401,204,930
Eastman Chemical Co.
1,457,269 133,077,805
Eaton Corp. PLC
4,968,512 1,648,900,077
eBay, Inc.
6,022,718 373,107,380
Ecolab, Inc.
3,168,455 742,432,376
Edison International
4,867,641 388,632,457
Edwards Lifesciences Corp. (a)
7,415,732 548,986,640
Electronic Arts, Inc.
3,000,459 438,967,152
Elevance Health, Inc.
2,914,980 1,075,336,122
Eli Lilly & Co.
9,906,411 7,647,749,292
Emerson Electric Co.
7,168,926 888,444,999
Enphase Energy, Inc. (a)
1,698,347 116,642,472
Common Stocks Shares Value
Entergy Corp.
5,389,312 $408,617,636
EOG Resources, Inc.
7,071,901 866,873,625
EPAM Systems, Inc. (a)
712,841 166,676,483
EQT Corp.
7,487,261 345,237,605
Equifax, Inc.
1,559,551 397,451,572
Equinix, Inc. REIT
1,213,330 1,144,036,724
Equity Residential REIT
4,299,867 308,558,456
Erie Indemnity Co. Class A
314,765 129,755,576
Essex Property Trust, Inc. REIT
809,429 231,043,414
Estee Lauder Cos., Inc. Class A
2,936,322 220,165,424
Everest Group Ltd.
540,193 195,798,355
Evergy, Inc.
2,898,043 178,374,547
Eversource Energy
4,607,007 264,580,412
Exelon Corp.
12,604,249 474,423,932
Expedia Group, Inc. (a)
1,544,094 287,711,035
Expeditors International of Washington, Inc.
1,759,657 194,917,206
Extra Space Storage, Inc. REIT
2,665,598 398,773,461
Exxon Mobil Corp.
55,259,959 5,944,313,790
F5, Inc. (a)
730,239 183,633,201
FactSet Research Systems, Inc.
477,366 229,269,342
Fair Isaac Corp. (a)
305,919 609,063,315
Fastenal Co.
7,202,990 517,967,011
Federal Realty Investment Trust REIT
948,429 106,176,627
FedEx Corp.
2,826,008 795,040,831
Fidelity National Information Services, Inc.
6,769,053 546,736,411
Fifth Third Bancorp
8,430,547 356,443,527
First Solar, Inc. (a)
1,346,037 237,225,561
FirstEnergy Corp.
6,459,848 256,972,753
Fiserv, Inc. (a)
7,153,413 1,469,454,098
FMC Corp.
1,573,363 76,481,175
Ford Motor Co.
49,078,505 485,877,199
Fortinet, Inc. (a)
7,998,312 755,680,518
Fortive Corp.
4,362,151 327,161,325
Fox Corp. Class A
2,780,573 135,080,236
 
See accompanying notes to Schedule of Investments.
3
SPDR S&P 500® ETF Trust
SCHEDULE OF INVESTMENTS (continued) 
December 31, 2024 (Unaudited)
Common Stocks Shares Value
Fox Corp. Class B
1,663,031 $76,067,038
Franklin Resources, Inc.
3,889,151 78,910,874
Freeport-McMoRan, Inc.
18,056,109 687,576,631
Garmin Ltd.
1,931,238 398,337,150
Gartner, Inc. (a)
970,569 470,211,563
GE HealthCare Technologies, Inc.
5,744,581 449,111,343
GE Vernova, Inc.
3,465,675 1,139,964,478
Gen Digital, Inc.
6,826,290 186,903,820
Generac Holdings, Inc. (a)
748,070 115,988,254
General Dynamics Corp.
3,241,507 854,104,679
General Electric Co.
13,607,938 2,269,667,979
General Mills, Inc.
6,980,169 445,125,377
General Motors Co.
13,825,589 736,489,126
Genuine Parts Co.
1,748,265 204,127,421
Gilead Sciences, Inc.
15,668,715 1,447,319,205
Global Payments, Inc.
3,200,056 358,598,275
Globe Life, Inc.
1,055,125 117,667,540
GoDaddy, Inc. Class A (a)
1,765,473 348,451,406
Goldman Sachs Group, Inc.
3,947,145 2,260,214,170
Halliburton Co.
11,045,769 300,334,459
Hartford Financial Services Group, Inc.
3,644,944 398,756,874
Hasbro, Inc.
1,651,215 92,319,431
HCA Healthcare, Inc.
2,292,821 688,190,223
Healthpeak Properties, Inc. REIT
8,793,863 178,251,603
Henry Schein, Inc. (a)
1,567,358 108,461,174
Hershey Co.
1,857,659 314,594,552
Hess Corp.
3,475,431 462,267,077
Hewlett Packard Enterprise Co.
16,328,465 348,612,728
Hilton Worldwide Holdings, Inc.
3,064,788 757,493,002
Hologic, Inc. (a)
2,927,545 211,046,719
Home Depot, Inc.
12,488,622 4,857,949,072
Honeywell International, Inc.
8,175,297 1,846,717,839
Hormel Foods Corp.
3,662,124 114,880,830
Common Stocks Shares Value
Host Hotels & Resorts, Inc. REIT
8,788,843 $153,980,529
Howmet Aerospace, Inc.
5,108,038 558,666,116
HP, Inc.
12,117,037 395,378,917
Hubbell, Inc.
675,176 282,824,475
Humana, Inc.
1,514,086 384,138,759
Huntington Bancshares, Inc.
18,266,522 297,196,313
Huntington Ingalls Industries, Inc.
494,036 93,357,983
IDEX Corp.
954,672 199,803,303
IDEXX Laboratories, Inc. (a)
1,029,417 425,602,164
Illinois Tool Works, Inc.
3,378,657 856,692,269
Incyte Corp. (a)
2,014,345 139,130,809
Ingersoll Rand, Inc.
5,067,103 458,370,137
Insulet Corp. (a)
883,247 230,589,294
Intel Corp.
54,227,810 1,087,267,590
Intercontinental Exchange, Inc. (b)
7,218,786 1,075,671,302
International Business Machines Corp.
11,625,768 2,555,692,579
International Flavors & Fragrances, Inc.
3,214,376 271,775,491
International Paper Co.
4,367,727 235,071,067
Interpublic Group of Cos., Inc.
4,683,530 131,232,511
Intuit, Inc.
3,524,277 2,215,008,094
Intuitive Surgical, Inc. (a)
4,477,764 2,337,213,697
Invesco Ltd.
5,670,369 99,118,050
Invitation Homes, Inc. REIT
7,163,147 229,005,810
IQVIA Holdings, Inc. (a)
2,167,631 425,961,168
Iron Mountain, Inc. REIT
3,690,055 387,861,681
J.M. Smucker Co.
1,341,775 147,756,263
Jabil, Inc.
1,418,474 204,118,409
Jack Henry & Associates, Inc.
918,847 161,073,879
Jacobs Solutions, Inc.
1,562,162 208,736,086
JB Hunt Transport Services, Inc.
1,001,677 170,946,197
Johnson & Johnson
30,271,295 4,377,834,683
 
See accompanying notes to Schedule of Investments.
4
SPDR S&P 500® ETF Trust
SCHEDULE OF INVESTMENTS (continued) 
December 31, 2024 (Unaudited)
Common Stocks Shares Value
Johnson Controls International PLC
8,399,099 $662,940,884
JPMorgan Chase & Co.
35,397,670 8,485,175,476
Juniper Networks, Inc.
4,149,296 155,391,135
Kellanova
3,380,987 273,758,517
Kenvue, Inc.
24,106,133 514,665,940
Keurig Dr. Pepper, Inc.
14,155,365 454,670,324
KeyCorp
12,463,062 213,616,883
Keysight Technologies, Inc. (a)
2,181,892 350,477,312
Kimberly-Clark Corp.
4,192,828 549,428,181
Kimco Realty Corp. REIT
8,494,785 199,032,813
Kinder Morgan, Inc.
24,301,763 665,868,306
KKR & Co., Inc.
8,480,947 1,254,416,871
KLA Corp.
1,682,041 1,059,887,675
Kraft Heinz Co.
11,098,158 340,824,432
Kroger Co.
8,369,112 511,771,199
L3Harris Technologies, Inc.
2,385,093 501,537,356
Labcorp Holdings, Inc.
1,051,492 241,128,145
Lam Research Corp.
16,177,841 1,168,525,455
Lamb Weston Holdings, Inc.
1,793,033 119,828,395
Las Vegas Sands Corp.
4,375,881 224,745,248
Leidos Holdings, Inc.
1,677,272 241,627,804
Lennar Corp. Class A
3,002,221 409,412,878
Lennox International, Inc.
403,229 245,687,430
Linde PLC
5,986,697 2,506,450,433
Live Nation Entertainment, Inc. (a)
1,973,471 255,564,495
LKQ Corp.
3,268,542 120,118,919
Lockheed Martin Corp.
2,652,390 1,288,902,397
Loews Corp.
2,272,378 192,447,693
Lowe's Cos., Inc.
7,132,899 1,760,399,473
Lululemon Athletica, Inc. (a)
1,419,821 542,953,749
LyondellBasell Industries NV Class A
3,266,683 242,616,546
M&T Bank Corp.
2,086,470 392,277,225
Marathon Petroleum Corp.
4,040,811 563,693,134
MarketAxess Holdings, Inc.
475,390 107,457,156
Common Stocks Shares Value
Marriott International, Inc. Class A
2,900,298 $809,009,124
Marsh & McLennan Cos., Inc.
6,175,066 1,311,645,769
Martin Marietta Materials, Inc.
768,494 396,927,151
Masco Corp.
2,712,671 196,858,534
Mastercard, Inc. Class A
10,306,019 5,426,840,425
Match Group, Inc. (a)
3,157,257 103,273,876
McCormick & Co., Inc.
3,176,125 242,147,770
McDonald's Corp.
9,010,269 2,611,986,880
McKesson Corp.
1,596,341 909,770,699
Medtronic PLC
16,124,353 1,288,013,318
Merck & Co., Inc.
31,805,553 3,164,016,412
Meta Platforms, Inc. Class A
27,409,246 16,048,387,625
MetLife, Inc.
7,312,810 598,772,883
Mettler-Toledo International, Inc. (a)
265,053 324,340,055
MGM Resorts International (a)
2,844,986 98,578,765
Microchip Technology, Inc.
6,752,051 387,230,125
Micron Technology, Inc.
13,940,275 1,173,213,544
Microsoft Corp.
93,479,364 39,401,551,926
Mid-America Apartment Communities, Inc. REIT
1,473,173 227,708,351
Moderna, Inc. (a)
4,262,736 177,244,563
Mohawk Industries, Inc. (a)
660,440 78,678,217
Molina Healthcare, Inc. (a)
719,449 209,395,631
Molson Coors Beverage Co. Class B
2,196,326 125,893,406
Mondelez International, Inc. Class A
16,794,459 1,003,133,036
Monolithic Power Systems, Inc.
613,610 363,073,037
Monster Beverage Corp. (a)
8,804,017 462,739,134
Moody's Corp.
1,959,602 927,616,799
Morgan Stanley
15,597,193 1,960,879,104
 
See accompanying notes to Schedule of Investments.
5
SPDR S&P 500® ETF Trust
SCHEDULE OF INVESTMENTS (continued) 
December 31, 2024 (Unaudited)
Common Stocks Shares Value
Mosaic Co.
4,015,320 $98,696,566
Motorola Solutions, Inc.
2,100,965 971,129,052
MSCI, Inc.
985,298 591,188,653
Nasdaq, Inc.
5,202,716 402,221,974
NetApp, Inc.
2,574,370 298,832,870
Netflix, Inc. (a)
5,374,130 4,790,069,552
Newmont Corp.
14,314,186 532,774,003
News Corp. Class A
4,768,193 131,316,035
News Corp. Class B
1,414,510 43,043,539
NextEra Energy, Inc.
25,855,558 1,853,584,953
NIKE, Inc. Class B
14,969,279 1,132,725,342
NiSource, Inc.
5,869,220 215,752,527
Nordson Corp.
683,024 142,915,942
Norfolk Southern Corp.
2,844,471 667,597,344
Northern Trust Corp.
2,492,524 255,483,710
Northrop Grumman Corp.
1,722,274 808,245,965
Norwegian Cruise Line Holdings Ltd. (a)
5,541,265 142,576,748
NRG Energy, Inc.
2,546,750 229,767,785
Nucor Corp.
2,952,225 344,554,180
NVIDIA Corp.
308,418,169 41,417,475,915
NVR, Inc. (a)
38,679 316,351,673
NXP Semiconductors NV
3,195,162 664,114,422
Occidental Petroleum Corp.
8,486,699 419,327,798
Old Dominion Freight Line, Inc.
2,362,408 416,728,771
Omnicom Group, Inc.
2,453,116 211,066,101
ON Semiconductor Corp. (a)
5,353,230 337,521,152
ONEOK, Inc.
7,340,991 737,035,496
Oracle Corp.
20,207,447 3,367,368,968
O'Reilly Automotive, Inc. (a)
725,927 860,804,237
Otis Worldwide Corp.
5,022,464 465,130,391
PACCAR, Inc.
6,586,759 685,154,671
Packaging Corp. of America
1,120,827 252,331,783
Palantir Technologies, Inc. Class A (a)
25,772,645 1,949,185,141
Palo Alto Networks, Inc. (a)
8,229,137 1,497,373,769
Common Stocks Shares Value
Paramount Global Class B
7,494,625 $78,393,778
Parker-Hannifin Corp.
1,618,665 1,029,519,500
Paychex, Inc.
4,026,923 564,655,143
Paycom Software, Inc.
613,746 125,799,518
PayPal Holdings, Inc. (a)
12,605,350 1,075,866,622
Pentair PLC
2,077,281 209,057,560
PepsiCo, Inc.
17,250,173 2,623,061,306
Pfizer, Inc.
71,251,600 1,890,304,948
PG&E Corp.
27,487,573 554,699,223
Philip Morris International, Inc.
19,549,191 2,352,745,137
Phillips 66 Co.
5,192,658 591,599,526
Pinnacle West Capital Corp.
1,431,264 121,328,249
PNC Financial Services Group, Inc.
4,988,452 962,022,968
Pool Corp.
478,182 163,031,371
PPG Industries, Inc.
2,916,580 348,385,481
PPL Corp.
9,278,582 301,182,772
Principal Financial Group, Inc.
2,645,949 204,822,912
Procter & Gamble Co.
29,610,038 4,964,122,871
Progressive Corp.
7,365,819 1,764,923,891
Prologis, Inc. REIT
11,645,111 1,230,888,233
Prudential Financial, Inc.
4,475,730 530,508,277
PTC, Inc. (a)
1,510,637 277,760,825
Public Service Enterprise Group, Inc.
6,264,213 529,263,356
Public Storage REIT
1,981,696 593,399,050
PulteGroup, Inc.
2,578,818 280,833,280
QUALCOMM, Inc.
13,968,327 2,145,814,394
Quanta Services, Inc.
1,857,077 586,929,186
Quest Diagnostics, Inc.
1,403,478 211,728,691
Ralph Lauren Corp.
505,396 116,736,368
Raymond James Financial, Inc.
2,300,794 357,382,332
Realty Income Corp. REIT
10,976,877 586,275,001
Regency Centers Corp. REIT
2,058,279 152,168,566
 
See accompanying notes to Schedule of Investments.
6
SPDR S&P 500® ETF Trust
SCHEDULE OF INVESTMENTS (continued) 
December 31, 2024 (Unaudited)
Common Stocks Shares Value
Regeneron Pharmaceuticals, Inc. (a)
1,323,619 $942,853,522
Regions Financial Corp.
11,427,332 268,770,849
Republic Services, Inc.
2,559,487 514,917,595
ResMed, Inc.
1,845,434 422,032,301
Revvity, Inc.
1,530,531 170,822,565
Rockwell Automation, Inc.
1,419,135 405,574,592
Rollins, Inc.
3,540,065 164,082,013
Roper Technologies, Inc.
1,348,146 700,833,698
Ross Stores, Inc.
4,171,195 630,976,668
Royal Caribbean Cruises Ltd.
3,109,744 717,386,843
RTX Corp.
16,735,093 1,936,584,962
S&P Global, Inc.
3,992,175 1,988,222,915
Salesforce, Inc.
12,019,644 4,018,527,579
SBA Communications Corp. REIT
1,354,030 275,951,314
Schlumberger NV
17,755,305 680,738,394
Seagate Technology Holdings PLC
2,646,834 228,448,243
Sempra
7,955,905 697,891,987
ServiceNow, Inc. (a)
2,589,914 2,745,619,630
Sherwin-Williams Co.
2,913,040 990,229,687
Simon Property Group, Inc. REIT
3,850,503 663,095,122
Skyworks Solutions, Inc.
2,012,705 178,486,679
Smurfit WestRock PLC
6,218,940 334,952,108
Snap-on, Inc.
660,224 224,132,844
Solventum Corp. (a)
1,740,737 114,993,086
Southern Co.
13,775,765 1,134,020,975
Southwest Airlines Co.
7,551,068 253,866,906
Stanley Black & Decker, Inc.
1,940,731 155,821,292
Starbucks Corp.
14,251,830 1,300,479,487
State Street Corp. (c)
3,685,520 361,733,788
Steel Dynamics, Inc.
1,779,933 203,036,957
STERIS PLC
1,242,703 255,450,029
Stryker Corp.
4,313,885 1,553,214,294
Super Micro Computer, Inc. (a)
6,331,520 192,984,730
Synchrony Financial
4,895,281 318,193,265
Common Stocks Shares Value
Synopsys, Inc. (a)
1,931,092 $937,274,813
Sysco Corp.
6,176,253 472,236,304
T. Rowe Price Group, Inc.
2,793,522 315,919,403
Take-Two Interactive Software, Inc. (a)
2,054,396 378,173,216
Tapestry, Inc.
2,929,978 191,415,463
Targa Resources Corp.
2,741,485 489,355,072
Target Corp.
5,792,150 782,982,837
TE Connectivity PLC
3,761,481 537,778,939
Teledyne Technologies, Inc. (a)
585,562 271,776,891
Teleflex, Inc.
583,693 103,885,680
Teradyne, Inc.
2,047,791 257,857,843
Tesla, Inc. (a)
35,113,613 14,180,281,474
Texas Instruments, Inc.
11,469,514 2,150,648,570
Texas Pacific Land Corp.
236,777 261,865,891
Textron, Inc.
2,332,408 178,405,888
Thermo Fisher Scientific, Inc.
4,809,217 2,501,898,960
TJX Cos., Inc.
14,180,621 1,713,160,823
T-Mobile U.S., Inc.
6,128,478 1,352,738,949
Tractor Supply Co.
6,716,314 356,367,621
Trane Technologies PLC
2,828,975 1,044,881,916
TransDigm Group, Inc.
706,929 895,876,983
Travelers Cos., Inc.
2,854,758 687,682,655
Trimble, Inc. (a)
3,077,917 217,485,615
Truist Financial Corp.
16,691,186 724,063,649
Tyler Technologies, Inc. (a)
537,589 309,995,321
Tyson Foods, Inc. Class A
3,601,561 206,873,664
U.S. Bancorp
19,616,522 938,258,247
Uber Technologies, Inc. (a)
26,452,805 1,595,633,198
UDR, Inc. REIT
3,782,912 164,216,210
Ulta Beauty, Inc. (a)
592,577 257,729,515
Union Pacific Corp.
7,622,861 1,738,317,222
United Airlines Holdings, Inc. (a)
4,134,628 401,472,379
United Parcel Service, Inc. Class B
9,195,500 1,159,552,550
United Rentals, Inc.
825,436 581,470,136
UnitedHealth Group, Inc.
11,570,643 5,853,125,468
 
See accompanying notes to Schedule of Investments.
7
SPDR S&P 500® ETF Trust
SCHEDULE OF INVESTMENTS (continued) 
December 31, 2024 (Unaudited)
Common Stocks Shares Value
Universal Health Services, Inc. Class B
738,572 $132,514,588
Valero Energy Corp.
3,980,314 487,946,693
Ventas, Inc. REIT
5,274,755 310,630,322
Veralto Corp.
3,109,021 316,653,789
VeriSign, Inc. (a)
1,039,438 215,122,088
Verisk Analytics, Inc.
1,775,386 488,994,566
Verizon Communications, Inc.
52,928,160 2,116,597,118
Vertex Pharmaceuticals, Inc. (a)
3,237,549 1,303,760,982
Viatris, Inc.
15,040,785 187,257,773
VICI Properties, Inc. REIT
13,254,205 387,155,328
Visa, Inc. Class A
21,727,333 6,866,706,321
Vistra Corp.
4,277,657 589,760,571
Vulcan Materials Co.
1,660,695 427,180,575
W.R. Berkley Corp.
3,788,696 221,714,490
Walgreens Boots Alliance, Inc.
9,029,950 84,249,434
Walmart, Inc.
54,575,568 4,930,902,569
Walt Disney Co.
22,769,041 2,535,332,715
Warner Bros Discovery, Inc. (a)
28,067,995 296,678,707
Waste Management, Inc.
4,591,092 926,436,455
Waters Corp. (a)
746,631 276,985,168
WEC Energy Group, Inc.
3,977,461 374,040,432
Wells Fargo & Co.
41,861,876 2,940,378,170
Welltower, Inc. REIT
7,437,728 937,376,860
West Pharmaceutical Services, Inc.
910,895 298,372,766
Common Stocks Shares Value
Western Digital Corp. (a)
4,346,341 $259,172,314
Westinghouse Air Brake Technologies Corp.
2,161,097 409,722,380
Weyerhaeuser Co. REIT
9,135,087 257,152,699
Williams Cos., Inc.
15,320,917 829,168,028
Willis Towers Watson PLC
1,266,269 396,646,102
Workday, Inc. Class A (a)
2,677,875 690,972,086
WW Grainger, Inc.
557,172 587,287,147
Wynn Resorts Ltd.
1,162,813 100,187,968
Xcel Energy, Inc.
7,220,190 487,507,229
Xylem, Inc.
3,054,644 354,399,797
Yum! Brands, Inc.
3,508,717 470,729,473
Zebra Technologies Corp. Class A (a)
649,502 250,850,662
Zimmer Biomet Holdings, Inc.
2,502,935 264,385,024
Zoetis, Inc.
5,672,266 924,182,299
Total Common Stocks
(Cost $636,108,143,288) 		  $626,203,546,105
(a) Non-income producing security.
(b) Affiliate of the PDR Services LLC (the “Sponsor”). See the table below for more information.
(c) Affiliate of State Street Global Advisors Trust Company (the "Trustee"). See the table below for more information.
PLC = Public Limited Company
REIT = Real Estate Investment Trust
 
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2024. 
Description Level 1 –
Quoted Prices 		Level 2 –
Other Significant
Observable Inputs 		Level 3 –
Significant
Unobservable Inputs 		Total
ASSETS:        
INVESTMENTS:        
Common Stocks $626,203,546,105 $— $— $626,203,546,105
See accompanying notes to Schedule of Investments.
8
SPDR S&P 500® ETF Trust
SCHEDULE OF INVESTMENTS (continued) 
December 31, 2024 (Unaudited)
INVESTMENTS IN AFFILIATES OF THE TRUSTEE AND THE SPONSOR
SPDR S&P 500® ETF Trust has invested in State Street Corp., which is considered an affiliate of the Trustee and Intercontinental Exchange, Inc., which is considered an affiliate of the Sponsor. Amounts related to these investments at December 31, 2024 and for the period then ended are:
  Number of
Shares Held
at 9/30/24 		Value at
9/30/24 		  Cost of
Purchases* 		  Proceeds
from
Shares Sold* 		  Realized
Gain (Loss) 		  Change in
Unrealized
Appreciation/
Depreciation 		Number of
Shares Held
at 12/31/24 		Value at
12/31/24 		  Dividend
Income
Intercontinental Exchange, Inc.
6,951,228 $1,116,645,266   $363,134,711   $320,779,036   $48,190,033   $(131,519,672) 7,218,786 $1,075,671,302   $3,282,372
State Street Corp.
3,615,568 319,869,301   115,175,773   107,774,065   6,044,241   28,418,538 3,685,520 361,733,788   2,747,832
TOTAL
  $1,436,514,567   $478,310,484   $428,553,101   $54,234,274   $(103,101,134)   $1,437,405,090   $6,030,204
* Purchased and Sold figures include securities received or delivered from processing creations or redemptions of Units.
See accompanying notes to Schedule of Investments.
9
SPDR S&P 500® ETF Trust
NOTES TO SCHEDULE OF INVESTMENTS
December 31, 2024 (Unaudited)
Security Valuation
The Trust’s investments are valued at fair value each day that the New York Stock Exchange (“NYSE”) is open and, for financial reporting purposes, as of the report date should the reporting period end on a day that the NYSE is not open. Fair value is generally defined as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. By its nature, a fair value price is a good faith estimate of the valuation in a current sale and may not reflect an actual market price. The investments of the Trust are valued pursuant to the policy and procedures developed by the Oversight Committee of the Trustee (the “Committee”). The Committee provides oversight of the valuation of investments for the Trust. 
Valuation techniques used to value the Trust’s equity investments are as follows:
Equity investments (including preferred stocks) traded on a recognized securities exchange for which market quotations are readily available are valued at the last sale price or official closing price, as applicable, on the primary market or exchange on which they trade. Equity investments traded on a recognized exchange for which there were no sales on that day are valued at the last published sale price or at fair value.
In the event that prices or quotations are not readily available or that the application of these valuation methods results in a price for an investment that is deemed to be not representative of the fair value of such investment, fair value will be determined in good faith by the Committee, in accordance with the valuation policy and procedures approved by the Trustee.
Fair value pricing could result in a difference between the prices used to calculate the Trust’s net asset value (“NAV”) and the prices used by the Trust’s underlying index, S&P 500® Index, which in turn could result in a difference between the Trust’s performance and the performance of the S&P 500® Index.
The Trustee values the Trust's assets and liabilities at fair value using a hierarchy that prioritizes the inputs to valuation techniques, giving the highest priority to readily available unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements) when market prices are not readily available or reliable. The categorization of a value determined for an investment within the hierarchy is based upon the pricing transparency of the investment and is not necessarily an indication of the risk associated with the investment.
The three levels of the fair value hierarchy are as follows:
•  Level 1 – Unadjusted quoted prices in active markets for an identical asset or liability;
•  Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability (such as exchange rates, financing terms, interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs; and
10
SPDR S&P 500® ETF Trust
NOTES TO SCHEDULE OF INVESTMENTS  (continued)
December 31, 2024 (Unaudited)
•  Level 3 – Unobservable inputs for the asset or liability, including the Committee’s assumptions used in determining the fair value of investments.
Investments in Affiliates of the Trustee and the Sponsor
The Trust has invested in companies that are considered affiliates of the Trustee (State Street Corp.) and the Sponsor (ICE). Such investments were made according to the representative portion of the S&P 500® Index. The market values of these investments at December 31, 2024 are listed in the Schedule of Investments.
Other information regarding the Trust is available in the Trust’s most recent Report to Shareholders. This information is also available on the Trust's website at https://www.ssga.com/spdrs as well as on the website of the U.S. Securities and Exchange Commission at www.sec.gov.
11
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