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        <name>CME Group Inc</name>
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      <invstOrSec>
        <name>PayPal Holdings Inc</name>
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      <invstOrSec>
        <name>Visa Inc</name>
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      <invstOrSec>
        <name>Raymond James Financial Inc</name>
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        <name>Fiserv Inc</name>
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      <invstOrSec>
        <name>State Street Corp</name>
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      <invstOrSec>
        <name>Intercontinental Exchange Inc</name>
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      <invstOrSec>
        <name>Willis Towers Watson PLC</name>
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      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
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        <name>KeyCorp</name>
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        <name>M&amp;T Bank Corp</name>
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        <name>W R Berkley Corp</name>
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        <name>Marsh &amp; McLennan Cos Inc</name>
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        <name>Principal Financial Group Inc</name>
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        <name>Franklin Resources Inc</name>
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        <name>Berkshire Hathaway Inc</name>
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        <name>State Street Global Advisors</name>
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        <name>Bank of America Corp</name>
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        <name>US Bancorp</name>
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        <name>Synchrony Financial</name>
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        <title>Synchrony Financial</title>
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        <name>Apollo Global Management Inc</name>
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        <title>Apollo Global Management Inc</title>
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        <name>Corpay Inc</name>
        <lei>549300DG6RR0NQSFLN74</lei>
        <title>Corpay Inc</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cincinnati Financial Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Goldman Sachs Group Inc/The</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FactSet Research Systems Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fidelity National Information Services Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Erie Indemnity Co</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Charles Schwab Corp/The</name>
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        <name>MetLife Inc</name>
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      <invstOrSec>
        <name>Aflac Inc</name>
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      <invstOrSec>
        <name>KKR &amp; Co Inc</name>
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      <invstOrSec>
        <name>Globe Life Inc</name>
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      <invstOrSec>
        <name>Brown &amp; Brown Inc</name>
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      <invstOrSec>
        <name>Aon PLC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Blackstone Inc</name>
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        <name>Allstate Corp/The</name>
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        <name>Citizens Financial Group Inc</name>
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        <name>Bank of New York Mellon Corp/The</name>
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        <name>Morgan Stanley</name>
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        <name>Ameriprise Financial Inc</name>
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        <name>Hartford Insurance Group Inc/The</name>
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        <name>Regions Financial Corp</name>
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        <name>Cboe Global Markets Inc</name>
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        <name>Prudential Financial Inc</name>
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        <name>Nasdaq Inc</name>
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        <name>Fifth Third Bancorp</name>
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        <pctVal>0.375449171635</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Travelers Cos Inc/The</name>
        <lei>549300Y650407RU8B149</lei>
        <title>Travelers Cos Inc/The</title>
        <cusip>89417E109</cusip>
        <identifiers>
          <isin value="US89417E1091"/>
        </identifiers>
        <balance>1680406.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>444400170.76000000</valUSD>
        <pctVal>0.857311732141</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>T Rowe Price Group Inc</name>
        <lei>549300SIV6FPS9Y7IH33</lei>
        <title>T Rowe Price Group Inc</title>
        <cusip>74144T108</cusip>
        <identifiers>
          <isin value="US74144T1088"/>
        </identifiers>
        <balance>1650167.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>151600842.29000000</valUSD>
        <pctVal>0.292459790183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>S&amp;P Global Inc</name>
        <lei>Y6X4K52KMJMZE7I7MY94</lei>
        <title>S&amp;P Global Inc</title>
        <cusip>78409V104</cusip>
        <identifiers>
          <isin value="US78409V1044"/>
        </identifiers>
        <balance>2334741.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1186281902.10000000</valUSD>
        <pctVal>2.288508104212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arthur J Gallagher &amp; Co</name>
        <lei>54930049QLLMPART6V29</lei>
        <title>Arthur J Gallagher &amp; Co</title>
        <cusip>363576109</cusip>
        <identifiers>
          <isin value="US3635761097"/>
        </identifiers>
        <balance>1885126.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>650820900.24000000</valUSD>
        <pctVal>1.255526955231</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Global Payments Inc</name>
        <lei>549300NOMHGVQBX6S778</lei>
        <title>Global Payments Inc</title>
        <cusip>37940X102</cusip>
        <identifiers>
          <isin value="US37940X1028"/>
        </identifiers>
        <balance>1835376.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>179720017.92000000</valUSD>
        <pctVal>0.346705717056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co</title>
        <cusip>46625H100</cusip>
        <identifiers>
          <isin value="US46625H1005"/>
        </identifiers>
        <balance>20723998.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5083596709.40000000</valUSD>
        <pctVal>9.806987906851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Loews Corp</name>
        <lei>R8V1FN4M5ITGZOG7BS19</lei>
        <title>Loews Corp</title>
        <cusip>540424108</cusip>
        <identifiers>
          <isin value="US5404241086"/>
        </identifiers>
        <balance>1309464.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>120352836.24000000</valUSD>
        <pctVal>0.232177900221</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American Express Co</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>American Express Co</title>
        <cusip>025816109</cusip>
        <identifiers>
          <isin value="US0258161092"/>
        </identifiers>
        <balance>4113498.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1106736636.90000000</valUSD>
        <pctVal>2.135053867290</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State Street Global Advisors</name>
        <lei>549300BZ5TGIFZUZDZ37</lei>
        <title>State Street Institutional US Government Money Market Fund</title>
        <cusip>857492706</cusip>
        <identifiers>
          <isin value="US8574927062"/>
        </identifiers>
        <balance>6403944.08000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6403944.08000000</valUSD>
        <pctVal>0.012354127547</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Capital One Financial Corp</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp</title>
        <cusip>14040H105</cusip>
        <identifiers>
          <isin value="US14040H1059"/>
        </identifiers>
        <balance>2825337.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>506582924.10000000</valUSD>
        <pctVal>0.977271190942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American International Group Inc</name>
        <lei>ODVCVCQG2BP6VHV36M30</lei>
        <title>American International Group Inc</title>
        <cusip>026874784</cusip>
        <identifiers>
          <isin value="US0268747849"/>
        </identifiers>
        <balance>4397495.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>382318215.30000000</valUSD>
        <pctVal>0.737546726923</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>



    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-04-17</ncom:dateSigned>
      <ncom:nameOfApplicant>SELECT SECTOR SPDR TRUST</ncom:nameOfApplicant>
      <ncom:signature>Arthur Jensen</ncom:signature>
      <ncom:signerName>Arthur Jensen</ncom:signerName>
      <ncom:title>Deputy Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
