Factor books

as of 2026-08-28

Momentum churned most at the 2026-07-31 rebalance (20% of the book new) · Quality least (4%) · 321 names entered a long book across 7 factors.

Every factor series on the overview is a real portfolio — a top-quintile book rebuilt from constituents at each month-end rebalance. This page opens the books: current holdings with weights and tenure, the bottom quintile behind the spreads, and every monthly add and drop since the series began. Construction rules are public.

The books at a glance

One row per factor: the tracked long (top-quintile) book, its latest rebalance, how much of it turned over, and what leads it. Click a factor for its full constituent table.

FactorNamesRebalancedTurnoverNew addsTop holdings20d vs FW 3000
Momentum5532026-07-3120%109AMD · GOOGL · MU-1.8%
Value5762026-07-3110%57C · T · TBB-2.0%
Quality5802026-07-314%21AAPL · AVGO · GOOGL+0.3%
Size5762026-07-315%29HIFS · LEGH · SWIM+2.7%
Low vol5592026-07-317%39AAPL · BRK-B · JPM-2.6%
High beta5592026-07-316%33AMD · AVGO · MU+1.7%
Div yield5862026-07-316%33CVX · PG · PM-1.5%

The books

Top quintile = the long factor index (cap-weighted, 5% single-name cap) — the series on the overview page. Bottom quintile = the short leg of the spread (equal-weighted). The changelog and turnover follow the long book; membership is point-in-time, names and sectors are today's mapping.

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