Value ↗
Stocks priced cheaply relative to their earnings, book equity, and sales.
Systematic factor / S&P 500
Momentum
Stocks with the strongest prior price performance, excluding the most recent month.
1 day vs S&P 500+0.5%relative return
20 days vs S&P 500-5.0%relative return
5-day z-score-0.98σrelative move vs trailing history
Year to date+28.2%long portfolio return
Performance
Momentum vs S&P 500
Daily long-portfolio return minus the benchmark return, compounded over the selected period. Positive means the factor led the market.
| Return | 1 day | 5 days | 20 days | 60 days | MTD | YTD | 1 year |
|---|---|---|---|---|---|---|---|
| Long portfolio | +1.1% | -1.3% | -4.3% | +3.2% | -4.3% | +28.2% | +27.9% |
| vs S&P 500 | +0.5% | -1.8% | -5.0% | -1.3% | -5.7% | +13.5% | +11.5% |
| Q5 − Q1 spread | +1.2% | -4.1% | -3.6% | +2.5% | -6.1% | +15.7% | +18.0% |
Inside the factor
Rebalanced 2026-09-30 · 23% of the long book is new.
Top quintile: the highest-scoring stocks. Weights below are for the cap-weighted long portfolio.
| AMDAdvanced Micro Devices | Technology | 5.00% | 3.60 | 2025-11-28 | +3.4% | -3.2% | -10.1% | +21.6% | -9.7% | +158.1% | +129.8% |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GOOGLAlphabet Inc. (Class A) | Communication Services | 5.00% | 0.55 | 2025-09-30 | -1.6% | -3.7% | -0.9% | +0.4% | -2.7% | +7.2% | +30.8% |
| LLYLilly (Eli) | Healthcare | 5.00% | 1.09 | 2026-06-30 | -1.0% | +5.1% | +10.4% | +4.2% | +9.8% | +18.8% | +58.1% |
| MUMicron Technology | Technology | 5.00% | 3.60 | 2025-10-31 | +2.0% | -0.1% | -14.8% | +11.4% | -14.2% | +220.4% | +342.4% |
| XOMExxonMobil | Energy | 4.81% | 0.70 | 2026-08-31 | +0.1% | +0.6% | +10.4% | +17.1% | +9.4% | +50.9% | +62.6% |
| JNJJohnson & Johnson | Healthcare | 4.63% | 0.82 | 2025-11-28 | -0.6% | +1.5% | -4.2% | -2.9% | -2.6% | +26.6% | +36.1% |
| INTCIntel | Technology | 4.31% | 3.60 | 2025-10-31 | +1.4% | -5.3% | -24.2% | +7.7% | -22.7% | +151.9% | +144.0% |
| LRCXLam Research | Technology | 3.14% | 2.92 | 2025-10-31 | -1.0% | -9.1% | -15.1% | -3.2% | -20.6% | +52.8% | +81.9% |
| CSCOCisco | Technology | 2.99% | 1.26 | 2026-05-29 | +0.5% | -5.6% | +1.2% | -6.8% | +0.1% | +41.8% | +54.6% |
| AMATApplied Materials | Technology | 2.75% | 2.76 | 2025-11-28 | +1.0% | -8.4% | -13.8% | -14.1% | -20.0% | +59.7% | +80.2% |
| CATCaterpillar Inc. | Industrials | 2.63% | 1.36 | 2025-11-28 | +2.1% | -1.2% | -8.8% | -11.8% | -8.7% | +30.3% | +40.5% |
| MRKMerck & Co. | Healthcare | 2.54% | 1.92 | 2026-04-30 | +1.1% | +1.7% | +1.2% | +14.4% | +3.1% | +45.3% | +78.7% |
| DELLDell Technologies | Technology | 2.44% | 3.60 | 2026-03-31 | +5.3% | -4.2% | -11.5% | +24.1% | -9.5% | +290.1% | +233.3% |
| PANWPalo Alto Networks | Technology | 2.09% | 1.79 | 2026-06-30 | +2.1% | -7.4% | -11.7% | +8.9% | -12.6% | +88.5% | +63.9% |
| CRWDCrowdStrike | Technology | 1.89% | 1.84 | 2026-06-30 | +5.3% | -4.0% | -8.8% | +31.6% | -9.6% | +104.2% | +90.1% |
| TXNTexas Instruments | Technology | 1.80% | 0.73 | 2026-09-30 NEW | +2.5% | +1.4% | +4.4% | +3.3% | +1.6% | +66.8% | +62.6% |
| KLACKLA Corporation | Technology | 1.80% | 1.24 | 2025-10-31 | +1.0% | -8.6% | -13.0% | -14.2% | -16.2% | +35.0% | +42.5% |
| SNDKSandisk Corporation | Technology | 1.80% | 3.60 | 2026-02-27 | +0.9% | -1.8% | -24.1% | +25.7% | -20.8% | +480.6% | +831.0% |
| GEVGE Vernova | Utilities | 1.79% | 0.82 | 2025-03-31 | +4.0% | -1.7% | -2.7% | -1.8% | -2.6% | +41.9% | +56.1% |
| MRVLMarvell Technology, Inc. | Technology | 1.67% | 3.60 | 2026-06-30 | +1.8% | -0.2% | -6.2% | +40.3% | -7.3% | +188.5% | +185.6% |
| AMGNAmgen | Healthcare | 1.61% | 1.12 | 2026-09-30 NEW | -0.1% | +2.9% | +7.9% | +12.2% | +4.0% | +36.7% | +48.5% |
| STXSeagate Technology | Technology | 1.42% | 3.60 | 2025-07-31 | +3.2% | -2.3% | -24.5% | -6.7% | -24.4% | +153.9% | +227.0% |
| ADIAnalog Devices | Technology | 1.36% | 0.81 | 2026-01-30 | +2.2% | +0.6% | +5.4% | +11.3% | +2.3% | +51.0% | +66.9% |
| DEDeere & Company | Industrials | 1.30% | 0.63 | 2026-09-30 NEW | +0.7% | -2.1% | -10.1% | -0.3% | -5.2% | +37.8% | +39.2% |
| WDCWestern Digital | Technology | 1.10% | 3.60 | 2025-08-29 | +3.9% | +4.0% | -20.1% | -18.3% | -16.7% | +120.0% | +212.0% |
| COPConocoPhillips | Energy | 1.07% | 0.64 | 2026-09-30 NEW | -0.2% | +2.3% | +13.7% | +28.5% | +16.4% | +59.1% | +72.6% |
| IBKRInteractive Brokers Group | Financial Services | 1.04% | 0.62 | 2026-02-27 | +2.9% | +1.4% | -6.8% | -6.1% | -0.1% | +33.1% | +28.0% |
| GLWCorning Inc. | Technology | 0.93% | 1.78 | 2025-08-29 | +2.0% | -4.2% | -12.7% | +7.3% | -12.2% | +54.9% | +59.6% |
| FTNTFortinet | Technology | 0.92% | 2.17 | 2026-07-31 | +1.8% | -5.4% | -2.6% | +16.1% | -2.6% | +119.2% | +105.1% |
| BMYBristol Myers Squibb | Healthcare | 0.91% | 1.05 | 2026-08-31 | -0.9% | +3.1% | +1.0% | -2.9% | -1.0% | +18.4% | +46.5% |
| NEMNewmont | Basic Materials | 0.86% | 0.83 | 2026-09-30 NEW | +0.3% | +5.0% | -5.2% | +28.3% | +1.6% | +18.1% | +24.6% |
| MPCMarathon Petroleum | Energy | 0.81% | 1.94 | 2026-03-31 | -1.5% | -3.5% | +20.5% | +53.3% | +18.4% | +191.1% | +155.4% |
| VLOValero Energy | Energy | 0.80% | 2.45 | 2026-02-27 | +0.8% | -5.0% | +16.2% | +46.7% | +12.7% | +172.3% | +178.4% |
| PSXPhillips 66 | Energy | 0.72% | 1.72 | 2026-04-30 | -0.3% | -2.4% | +13.1% | +41.7% | +13.6% | +129.5% | +129.1% |
| FCXFreeport-McMoRan | Basic Materials | 0.71% | 2.28 | 2026-01-30 | +0.0% | -0.8% | -4.9% | +12.0% | -1.4% | +36.9% | +64.8% |
| BNYBank of New York Mellon Corp | Financial Services | 0.70% | 0.82 | 2026-04-30 | +1.1% | +6.0% | -2.5% | -6.8% | +0.8% | +27.2% | +36.8% |
| DDOGDatadog | Technology | 0.68% | 1.17 | 2026-06-30 | +6.5% | +1.4% | +8.6% | +8.8% | -0.3% | +100.8% | +74.7% |
| PWRQuanta Services | Industrials | 0.68% | 0.79 | 2025-10-31 | +0.9% | -9.0% | -5.3% | +2.2% | -6.4% | +42.5% | +36.5% |
| ABNBAirbnb | Consumer Cyclical | 0.67% | 0.80 | 2026-09-30 NEW | -1.8% | +4.0% | +16.1% | +13.4% | +8.1% | +28.0% | +36.5% |
| VRTVertiv Holdings Co | Industrials | 0.65% | 1.62 | 2026-03-31 | +4.2% | -4.8% | -14.7% | -21.3% | -12.1% | +31.0% | +20.9% |
| CSXCSX Corporation | Industrials | 0.61% | 0.64 | 2026-08-31 | +0.7% | +0.2% | +2.6% | -4.5% | +4.1% | +34.7% | +33.7% |
| HPEHewlett Packard Enterprise | Technology | 0.60% | 2.63 | 2026-04-30 | +3.7% | -7.8% | -6.7% | +27.9% | -8.9% | +145.0% | +158.9% |
| BEBloom Energy Corporation | Industrials | 0.56% | 3.60 | 2026-09-30 NEW | +7.1% | -0.3% | -13.3% | +43.0% | -13.9% | +174.5% | +118.7% |
| REGNRegeneron Pharmaceuticals | Healthcare | 0.55% | 0.65 | 2026-09-30 NEW | -0.2% | +3.5% | +0.5% | +16.0% | +6.2% | +4.8% | +40.4% |
| WBD | — | 0.55% | 0.86 | 2025-06-30 | +0.0% | +0.2% | +9.6% | +16.4% | +0.0% | +7.4% | +60.9% |
| MRNAModerna | Healthcare | 0.54% | 3.60 | 2026-02-27 | +1.5% | +8.6% | +35.0% | +340.4% | +27.7% | +733.5% | +802.4% |
| ROSTRoss Stores | Consumer Cyclical | 0.52% | 0.87 | 2026-02-27 | -1.3% | +1.6% | +0.1% | -6.5% | +0.3% | +30.8% | +50.0% |
| SLBSchlumberger | Energy | 0.52% | 1.46 | 2026-08-31 | +2.2% | +5.3% | -1.5% | +2.8% | +4.9% | +35.3% | +56.6% |
| LITELumentum Holdings Inc. | Technology | 0.51% | 3.60 | 2026-03-31 | +3.4% | -5.1% | -9.2% | +30.5% | -12.4% | +130.8% | +428.4% |
| TGTTarget Corporation | Consumer Defensive | 0.50% | 1.82 | 2026-08-31 | -1.1% | -1.9% | -2.5% | +6.5% | -2.8% | +60.2% | +73.2% |
| GMGeneral Motors | Consumer Cyclical | 0.50% | 0.63 | 2025-12-31 | -1.3% | -8.4% | -9.1% | -15.5% | -1.2% | -5.8% | +32.3% |
| FDXFedEx | Industrials | 0.50% | 1.43 | 2026-03-31 | -0.2% | +2.4% | +2.3% | -4.2% | +4.6% | +29.2% | +56.5% |
| TERTeradyne | Technology | 0.47% | 3.60 | 2025-11-28 | +2.6% | -3.9% | -11.2% | +7.8% | -13.8% | +78.7% | +148.7% |
| MPWRMonolithic Power Systems | Technology | 0.47% | 0.67 | 2025-11-28 | +2.8% | +3.2% | -5.2% | +0.2% | -4.7% | +42.3% | +25.2% |
| KEYSKeysight Technologies | Technology | 0.44% | 1.76 | 2026-02-27 | +2.1% | -4.5% | -3.4% | +11.9% | -6.2% | +68.0% | +107.2% |
| GWWW. W. Grainger | Industrials | 0.41% | 0.55 | 2026-09-30 NEW | +1.2% | +1.6% | +6.4% | -3.2% | +8.5% | +34.8% | +40.4% |
| FIXComfort Systems USA, Inc. | Industrials | 0.41% | 1.94 | 2025-12-31 | +0.3% | -9.1% | -13.8% | -13.8% | -15.3% | +50.4% | +67.8% |
| TRGPTarga Resources | Energy | 0.41% | 1.54 | 2026-04-30 | +1.0% | +1.6% | +4.5% | +13.5% | +9.4% | +62.6% | +100.0% |
| COHRCoherent, Inc. | Technology | 0.40% | 3.60 | 2026-03-31 | +2.5% | -9.8% | -21.0% | -2.4% | -17.5% | +28.7% | +97.6% |
| NUENucor | Basic Materials | 0.38% | 1.76 | 2026-03-31 | +1.2% | +2.9% | +7.4% | -0.2% | +13.2% | +63.5% | +95.9% |
| CAHCardinal Health | Healthcare | 0.37% | 0.92 | 2026-07-31 | -0.0% | +3.9% | +16.6% | +11.0% | +16.0% | +26.5% | +65.2% |
| FANGDiamondback Energy | Energy | 0.36% | 0.65 | 2026-09-30 NEW | -0.7% | +1.7% | +8.2% | +6.2% | +9.3% | +35.9% | +45.7% |
| CIENCiena Corporation | Technology | 0.35% | 3.60 | 2026-02-27 | +5.7% | +0.5% | +1.5% | +3.1% | +2.7% | +54.5% | +108.7% |
| STTState Street Corporation | Financial Services | 0.34% | 1.28 | 2026-01-30 | +1.4% | +1.2% | -5.6% | -7.0% | -2.7% | +34.1% | +50.0% |
| WABWabtec | Industrials | 0.34% | 0.71 | 2026-08-31 | +1.9% | +0.9% | -1.1% | -5.4% | +0.6% | +35.8% | +48.0% |
| HUMHumana | Healthcare | 0.32% | 0.87 | 2026-09-30 NEW | -0.5% | -0.5% | +13.5% | +9.4% | +11.5% | +67.3% | +51.4% |
| IQVIQVIA | Healthcare | 0.32% | 0.69 | 2026-09-30 NEW | +3.3% | +5.6% | +3.3% | +13.9% | +2.9% | +22.7% | +30.5% |
| WATWaters Corporation | Healthcare | 0.30% | 0.65 | 2026-09-30 NEW | +3.3% | +4.8% | +8.8% | +19.2% | +4.1% | +20.4% | +33.3% |
| ILMNIllumina, Inc. | Healthcare | 0.30% | 2.96 | 2026-09-30 NEW | +5.6% | +4.1% | +10.8% | +46.6% | +3.4% | +115.7% | +184.3% |
| FLEXFlex Ltd. | Technology | 0.29% | 1.86 | 2026-06-30 | -1.4% | -14.1% | -23.2% | -23.9% | -21.6% | +42.8% | +37.5% |
| NTAPNetApp | Technology | 0.29% | 1.06 | 2026-06-30 | +3.5% | -2.2% | +10.9% | +24.7% | +3.6% | +105.9% | +88.1% |
| ODFLOld Dominion | Industrials | 0.26% | 0.63 | 2026-07-31 | +0.3% | +2.5% | +6.3% | -16.4% | +8.7% | +21.0% | +35.1% |
| BIIBBiogen | Healthcare | 0.23% | 0.99 | 2026-04-30 | -0.9% | +3.5% | +5.9% | +17.2% | +6.7% | +36.9% | +64.3% |
| STLDSteel Dynamics | Basic Materials | 0.22% | 1.33 | 2026-05-29 | +1.5% | +2.1% | +6.1% | -4.3% | +11.9% | +47.5% | +71.3% |
| EXPEExpedia Group | Consumer Cyclical | 0.22% | 0.70 | 2026-09-30 NEW | -5.0% | +4.0% | +10.3% | -3.3% | +8.5% | +1.4% | +31.9% |
| NTRSNorthern Trust | Financial Services | 0.22% | 0.59 | 2026-08-31 | +0.9% | +2.6% | -4.1% | -7.3% | -1.5% | +24.0% | +32.3% |
| CNCCentene Corporation | Healthcare | 0.22% | 1.67 | 2026-07-31 | -0.8% | +0.1% | +13.1% | +9.9% | +13.1% | +70.7% | +97.2% |
| JBLJabil | Technology | 0.21% | 0.63 | 2025-06-30 | +1.4% | -4.4% | -9.0% | -7.2% | -2.1% | +23.3% | +37.9% |
| ONON Semiconductor | Technology | 0.21% | 0.80 | 2026-03-31 | +1.8% | +4.9% | +3.8% | -8.8% | +0.1% | +42.1% | +40.2% |
| HALHalliburton | Energy | 0.19% | 0.82 | 2026-04-30 | +1.2% | +3.5% | +3.0% | +9.3% | +6.9% | +21.9% | +53.3% |
| EXPDExpeditors International | Industrials | 0.17% | 0.99 | 2026-07-31 | -0.7% | +0.3% | +4.8% | +14.9% | +6.7% | +32.9% | +65.3% |
| INCYIncyte | Healthcare | 0.17% | 0.75 | 2025-11-28 | -2.7% | +1.7% | -9.0% | -12.7% | -6.5% | +14.8% | +31.6% |
| IFFInternational Flavors & Fragrances | Basic Materials | 0.15% | 0.68 | 2026-09-30 NEW | -0.2% | +1.6% | +6.2% | +15.4% | +9.0% | +37.3% | +44.0% |
| JBHTJ.B. Hunt | Industrials | 0.15% | 2.08 | 2026-03-31 | +1.0% | -1.5% | -2.6% | -17.5% | +2.0% | +18.3% | +39.3% |
| BGBunge Global | Consumer Defensive | 0.15% | 0.69 | 2026-09-30 NEW | -0.8% | -6.1% | -8.3% | -12.3% | -4.4% | +16.9% | +7.8% |
| VTRSViatris | Healthcare | 0.15% | 1.54 | 2026-03-31 | -1.1% | +5.8% | +7.8% | +4.1% | +4.1% | +51.6% | +85.1% |
| DOWDow Inc. | Basic Materials | 0.14% | 0.57 | 2026-09-30 NEW | -1.0% | +4.1% | +6.0% | +6.5% | +10.3% | +34.4% | +47.3% |
| LYBLyondellBasell | Basic Materials | 0.13% | 0.59 | 2026-09-30 NEW | -1.1% | +3.4% | +5.5% | +9.8% | +10.1% | +51.0% | +47.4% |
| NDSNNordson Corporation | Industrials | 0.13% | 0.64 | 2026-09-30 NEW | +1.4% | +0.9% | +3.1% | +9.9% | +1.1% | +39.1% | +42.4% |
| CFCF Industries | Basic Materials | 0.12% | 0.74 | 2026-08-31 | -1.4% | -2.6% | -3.6% | -4.9% | +0.9% | +52.6% | +41.4% |
| DDDuPont | Basic Materials | 0.12% | 0.61 | 2026-01-30 | +0.9% | +4.4% | +2.5% | -4.3% | +3.3% | +12.6% | +34.4% |
| IEXIDEX Corporation | Industrials | 0.12% | 0.65 | 2026-08-31 | +1.0% | -1.3% | +2.8% | +5.1% | +3.6% | +34.1% | +43.2% |
| RVTYRevvity | Healthcare | 0.12% | 0.91 | 2026-09-30 NEW | +0.4% | +2.9% | +10.2% | +40.4% | +2.4% | +62.2% | +64.7% |
| BENFranklin Resources | Financial Services | 0.12% | 0.93 | 2026-07-31 | +1.4% | +3.8% | -2.2% | -4.0% | -1.4% | +37.3% | +46.8% |
| AKAMAkamai Technologies | Technology | 0.11% | 0.63 | 2026-06-30 | +0.7% | -1.6% | -23.8% | -19.2% | -15.1% | +3.5% | +21.6% |
| APAAPA Corporation | Energy | 0.10% | 1.69 | 2026-03-31 | -0.5% | +4.8% | +13.6% | +42.1% | +19.5% | +107.7% | +128.4% |
| CRLCharles River Laboratories | Healthcare | 0.10% | 2.02 | 2026-08-31 | +9.3% | +14.2% | +24.3% | +43.4% | +16.9% | +72.9% | +87.3% |
| IVZInvesco | Financial Services | 0.10% | 0.75 | 2026-09-30 NEW | +1.6% | +4.7% | -4.9% | +0.1% | -3.0% | +13.9% | +32.1% |
| ALBAlbemarle Corporation | Basic Materials | 0.09% | 1.00 | 2025-12-31 | -1.4% | -3.6% | -16.7% | -16.2% | -10.7% | -32.6% | -0.6% |
| TECHBio-Techne | Healthcare | 0.08% | 0.55 | 2026-09-30 NEW | +0.1% | +0.2% | +0.2% | +0.9% | +0.2% | +24.1% | +16.8% |
Bottom quintile: the lowest-scoring stocks, used as the equal-weighted short leg of the spread.
| APPAppLovin Corporation | Technology | -1.57 | 2026-08-31 | -1.7% | +2.2% | -15.0% | -35.9% | -7.8% | -60.2% | -52.7% |
|---|---|---|---|---|---|---|---|---|---|---|
| APTVAptiv | Consumer Cyclical | -1.57 | 2026-08-31 | -1.6% | +1.2% | -1.8% | -25.4% | +3.1% | -41.7% | -46.8% |
| BSXBoston Scientific | Healthcare | -1.57 | 2026-03-31 | -2.4% | +3.5% | -0.2% | -3.4% | +2.0% | -53.3% | -55.7% |
| CHTRCharter Communications | Communication Services | -1.57 | 2025-08-29 | -2.5% | +2.0% | -8.0% | -23.4% | -3.3% | -48.6% | -57.4% |
| COINCoinbase Global | Financial Services | -1.57 | 2026-04-30 | +3.6% | +2.4% | -10.6% | +5.5% | -5.0% | -21.7% | -48.5% |
| CSGPCoStar Group | Real Estate | -1.57 | 2026-02-27 | -0.4% | +9.3% | +16.4% | +8.5% | +20.1% | -51.1% | -56.1% |
| FISVFiserv, Inc. | Technology | -1.57 | 2025-08-29 | -0.1% | +4.7% | +4.9% | -11.1% | +6.7% | -28.2% | -61.2% |
| INTUIntuit | Technology | -1.57 | 2026-02-27 | +0.1% | +8.1% | +17.6% | +7.7% | +22.3% | -48.6% | -48.8% |
| ORCLOracle Corporation | Technology | -1.57 | 2026-07-31 | -1.6% | -1.1% | -10.4% | +8.0% | -5.6% | -32.9% | -52.8% |
| PNRPentair | Industrials | -1.57 | 2026-05-29 | -0.0% | +1.4% | -4.3% | -20.8% | -0.2% | -48.7% | -51.0% |
| PODDInsulet Corporation | Healthcare | -1.57 | 2026-04-30 | -0.5% | +5.9% | +4.0% | -15.3% | +8.8% | -50.1% | -56.6% |
| SKYDSkydance Corporation | Communication Services | -1.57 | 2026-07-31 | +10.8% | +11.5% | -19.3% | -2.0% | -22.2% | -40.4% | -52.8% |
| ZTSZoetis | Healthcare | -1.57 | 2025-07-31 | -0.5% | +5.8% | +11.2% | +2.7% | +14.0% | -35.7% | -44.1% |
| NKENike, Inc. | Consumer Cyclical | -1.56 | 2026-05-29 | -0.9% | +6.3% | +4.1% | -11.9% | +6.0% | -39.5% | -42.7% |
| RDDTReddit, Inc. | Communication Services | -1.47 | 2026-08-31 | -1.5% | +3.1% | +0.9% | -14.1% | +7.6% | -33.3% | -24.3% |
| ROLRollins, Inc. | Consumer Cyclical | -1.43 | 2026-06-30 | +0.3% | +2.5% | +2.9% | -13.8% | +11.1% | -43.6% | -39.5% |
| TSCOTractor Supply | Consumer Cyclical | -1.42 | 2026-05-29 | -0.7% | -0.1% | +1.2% | +4.6% | +4.5% | -33.4% | -39.5% |
| FISFidelity National Information Services | Technology | -1.40 | 2025-09-30 | -0.0% | +2.7% | +5.1% | -18.0% | +10.7% | -43.5% | -44.3% |
| AREAlexandria Real Estate Equities | Real Estate | -1.38 | 2024-12-31 | -0.9% | +1.8% | -17.3% | -20.6% | -11.0% | -9.8% | -41.6% |
| NCLHNorwegian Cruise Line Holdings | Consumer Cyclical | -1.36 | 2026-08-31 | -0.4% | +4.8% | +9.9% | -26.5% | +6.3% | -30.1% | -33.0% |
| LENLennar | Consumer Cyclical | -1.31 | 2026-04-30 | -1.2% | +5.7% | -4.1% | -10.8% | -4.2% | -22.7% | -36.9% |
| LULULululemon Athletica | Consumer Cyclical | -1.31 | 2025-08-29 | -3.4% | +2.6% | -5.6% | -19.8% | +0.4% | -53.5% | -44.0% |
| NFLXNetflix | Communication Services | -1.31 | 2026-04-30 | -5.3% | -7.8% | -8.9% | -10.2% | -6.5% | -30.6% | -47.5% |
| NRGNRG Energy | Utilities | -1.30 | 2026-09-30 NEW | +2.0% | -1.0% | -0.9% | -21.5% | +4.3% | -36.7% | -39.5% |
| GDDYGoDaddy | Technology | -1.26 | 2025-10-31 | -0.5% | +4.7% | +12.3% | +5.1% | +13.3% | -12.8% | -18.3% |
| VSTVistra Corp. | Utilities | -1.25 | 2026-06-30 | +3.9% | +2.9% | +13.2% | +5.2% | +12.9% | -2.8% | -19.1% |
| WYNNWynn Resorts | Consumer Cyclical | -1.25 | 2026-08-31 | -2.2% | +2.8% | -7.0% | -23.3% | -4.6% | -36.6% | -37.3% |
| AZOAutoZone | Consumer Cyclical | -1.24 | 2026-06-30 | -0.1% | +8.4% | +11.0% | +1.2% | +11.5% | -6.9% | -20.5% |
| TYLTyler Technologies | Technology | -1.23 | 2025-10-31 | -0.4% | +7.3% | +13.0% | +12.7% | +17.9% | -17.2% | -26.4% |
| MOSMosaic Company (The) | Basic Materials | -1.20 | 2026-04-30 | -1.0% | -7.0% | -27.5% | -22.8% | -18.3% | -24.6% | -38.0% |
| TRMBTrimble Inc. | Technology | -1.16 | 2026-06-30 | +0.8% | +5.9% | +5.5% | +7.2% | +9.6% | -20.1% | -20.3% |
| CPRTCopart | Consumer Cyclical | -1.14 | 2025-10-31 | -0.9% | +5.0% | -4.4% | -10.1% | +1.1% | -29.5% | -38.4% |
| LIILennox International | Industrials | -1.13 | 2026-08-31 | +0.7% | +5.0% | -1.2% | -32.4% | +3.2% | -23.9% | -30.7% |
| EFXEquifax | Industrials | -1.11 | 2025-12-31 | -0.5% | +16.8% | +13.0% | -5.9% | +27.9% | -18.4% | -23.2% |
| FICOFair Isaac | Technology | -1.10 | 2026-02-27 | -0.6% | +10.5% | -9.6% | -40.5% | +34.2% | -53.0% | -50.9% |
| ITGartner | Technology | -1.09 | 2025-07-31 | -0.0% | +12.2% | +23.0% | +40.9% | +17.7% | -13.0% | -8.3% |
| LDOSLeidos | Technology | -1.08 | 2026-06-30 | +1.2% | +7.2% | +3.6% | +9.5% | +6.1% | -27.7% | -31.4% |
| PYPLPayPal | Financial Services | -1.08 | 2025-10-31 | +0.1% | +2.0% | +8.9% | -1.7% | +8.9% | -1.2% | -16.4% |
| UBERUber | Technology | -1.08 | 2026-05-29 | -1.9% | -2.4% | -2.6% | -4.4% | -1.3% | -17.2% | -27.8% |
| HOODRobinhood Markets, Inc. | Financial Services | -1.07 | 2026-08-31 | +3.8% | +0.8% | -16.9% | +9.9% | -9.4% | -9.9% | -24.9% |
| PTCPTC Inc. | Technology | -1.07 | 2026-05-29 | +0.5% | +0.4% | +38.5% | +52.4% | +38.6% | +11.6% | -5.6% |
| METAMeta Platforms | Communication Services | -1.05 | 2026-08-31 | +0.5% | -5.4% | -6.3% | +17.6% | -3.8% | +5.9% | -4.4% |
| TMUST-Mobile US | Communication Services | -1.05 | 2026-05-29 | -2.5% | -2.6% | -7.2% | -15.2% | -5.7% | -23.1% | -31.8% |
| XYLXylem Inc. | Industrials | -1.04 | 2026-08-31 | +1.3% | +3.5% | -2.1% | -14.6% | +5.0% | -21.0% | -26.5% |
| BRBroadridge Financial Solutions | Technology | -1.03 | 2026-02-27 | -0.9% | +6.0% | +9.1% | +13.4% | +10.7% | -18.6% | -20.9% |
| NVRNVR, Inc. | Consumer Cyclical | -1.03 | 2026-06-30 | -1.3% | +2.9% | -5.5% | -8.8% | -4.1% | -19.1% | -23.2% |
| BROBrown & Brown | Financial Services | -1.02 | 2025-11-28 | -0.5% | +8.8% | +14.3% | -4.0% | +15.8% | -10.8% | -18.6% |
| VRSKVerisk Analytics | Industrials | -1.02 | 2025-11-28 | +0.8% | +6.5% | +12.0% | -9.1% | +14.6% | -13.3% | -17.4% |
| NOWServiceNow | Technology | -1.01 | 2025-12-31 | +2.4% | +9.4% | +8.8% | +38.4% | +14.3% | -0.1% | -16.6% |
| ACNAccenture | Technology | -1.00 | 2025-08-29 | +0.5% | +11.8% | +32.0% | +47.1% | +32.1% | -7.3% | +2.7% |
| AXONAxon Enterprise | Industrials | -1.00 | 2026-04-30 | +2.5% | -1.4% | -10.7% | -26.5% | -4.7% | -29.1% | -41.1% |
| OTISOtis Worldwide | Industrials | -0.99 | 2026-04-30 | +0.4% | +4.7% | +5.9% | -1.1% | +12.5% | -15.8% | -19.2% |
| WDAYWorkday, Inc. | Technology | -0.99 | 2025-12-31 | -0.5% | +7.5% | +5.5% | +27.1% | +6.6% | -5.5% | -15.8% |
| DPZDomino's | Consumer Cyclical | -0.98 | 2026-02-27 | -1.6% | +5.2% | +5.0% | -10.7% | +3.9% | -24.0% | -24.8% |
| ADSKAutodesk | Technology | -0.97 | 2026-04-30 | -0.3% | +5.9% | +12.8% | +3.1% | +17.2% | -17.3% | -20.5% |
| SMCISupermicro | Technology | -0.97 | 2026-07-31 | +9.6% | -0.6% | -14.2% | +25.0% | -13.4% | +21.5% | -35.4% |
| LVSLas Vegas Sands | Consumer Cyclical | -0.95 | 2026-08-31 | -1.7% | +1.3% | -4.3% | -21.8% | -0.8% | -41.3% | -22.9% |
| ADBEAdobe Inc. | Technology | -0.94 | 2024-10-31 | -0.7% | +6.0% | +6.0% | +2.4% | +6.3% | -27.1% | -25.7% |
| CCICrown Castle | Real Estate | -0.93 | 2026-07-31 | -3.1% | -0.9% | +12.0% | +5.3% | +18.0% | -8.0% | -16.4% |
| HDHome Depot (The) | Consumer Cyclical | -0.92 | 2026-08-31 | -0.3% | +6.3% | +5.9% | -8.1% | +10.4% | -6.7% | -16.9% |
| KKRKKR | Financial Services | -0.92 | 2025-11-28 | +0.7% | +5.0% | -7.5% | -12.3% | -1.6% | -29.1% | -24.6% |
| LOWLowe's | Consumer Cyclical | -0.92 | 2026-08-31 | -0.4% | +5.0% | +3.4% | -9.4% | +7.3% | -16.7% | -16.7% |
| CCLCarnival | Consumer Cyclical | -0.91 | 2026-09-30 NEW | +0.9% | +5.1% | +25.2% | -2.8% | +11.2% | -9.2% | -3.9% |
| CEGConstellation Energy | Utilities | -0.91 | 2026-07-31 | +4.6% | -3.1% | +2.6% | +4.4% | +6.6% | -23.0% | -26.4% |
| ORLYO'Reilly Auto Parts | Consumer Cyclical | -0.91 | 2026-08-31 | -0.9% | +2.9% | +3.8% | -2.2% | +4.4% | -2.2% | -11.7% |
| VICIVici Properties | Real Estate | -0.91 | 2026-07-31 | -0.9% | +0.9% | -2.3% | -12.9% | +0.8% | -13.3% | -20.6% |
| AOSA. O. Smith | Industrials | -0.90 | 2026-08-31 | +0.2% | +3.1% | +3.3% | -6.2% | +5.8% | -9.3% | -12.6% |
| CLXClorox | Consumer Defensive | -0.90 | 2025-08-29 | -3.1% | -0.2% | +1.0% | -14.5% | +4.6% | -12.9% | -25.8% |
| TSLATesla, Inc. | Consumer Cyclical | -0.90 | 2026-09-30 NEW | +3.4% | +5.3% | +1.7% | +25.7% | +8.9% | -14.1% | -13.6% |
| CRHCRH plc | Basic Materials | -0.89 | 2026-08-31 | +0.9% | +8.6% | +0.9% | -16.5% | +3.9% | -30.3% | -25.7% |
| ERIEErie Indemnity | Financial Services | -0.89 | 2025-07-31 | -0.7% | +6.1% | +8.8% | +1.4% | +12.1% | -12.8% | -21.0% |
| RCLRoyal Caribbean Group | Consumer Cyclical | -0.89 | 2026-09-30 NEW | +0.2% | +5.1% | +25.2% | -10.0% | +8.5% | +5.1% | -2.9% |
| MKCMcCormick & Company | Consumer Defensive | -0.88 | 2026-02-27 | -2.6% | +3.4% | -4.6% | -9.2% | +0.9% | -30.0% | -29.2% |
| MLMMartin Marietta Materials | Basic Materials | -0.88 | 2026-08-31 | +0.3% | +8.1% | +3.8% | -12.7% | +6.1% | -17.9% | -18.4% |
| DECKDeckers Brands | Consumer Cyclical | -0.87 | 2026-08-31 | -2.1% | +3.2% | +8.8% | -17.7% | +9.4% | -17.5% | -14.7% |
| ABTAbbott Laboratories | Healthcare | -0.86 | 2026-02-27 | -1.9% | -1.8% | -2.3% | -5.7% | +2.3% | -17.8% | -20.5% |
| BXBlackstone Inc. | Financial Services | -0.86 | 2026-06-30 | -0.7% | +3.2% | -8.1% | -17.3% | -2.2% | -26.7% | -28.9% |
| TTWOTake-Two Interactive | Technology | -0.86 | 2026-09-30 NEW | -0.3% | +2.5% | -0.1% | -16.7% | -0.7% | -19.5% | -21.4% |
| DASHDoorDash | Communication Services | -0.85 | 2026-04-30 | -3.8% | +0.2% | -2.5% | -5.7% | +0.5% | -18.6% | -30.5% |
| UHSUniversal Health Services | Healthcare | -0.85 | 2026-09-30 NEW | -1.5% | -1.6% | +0.8% | +10.1% | +4.9% | -15.8% | -11.4% |
| ROPRoper Technologies | Industrials | -0.84 | 2025-11-28 | -0.2% | +6.7% | +8.8% | +1.9% | +14.1% | -9.8% | -20.6% |
| IBMIBM | Technology | -0.83 | 2026-09-30 NEW | +3.9% | +10.3% | +8.0% | +11.3% | +14.3% | -13.4% | -9.0% |
| ISRGIntuitive Surgical | Healthcare | -0.83 | 2026-05-29 | -2.3% | +1.9% | +7.5% | +18.3% | +5.3% | -24.4% | -6.6% |
| DHID. R. Horton | Consumer Cyclical | -0.82 | 2026-08-31 | -0.9% | +4.0% | -0.9% | -7.8% | +1.7% | -2.6% | -8.5% |
| AJGArthur J. Gallagher & Co. | Financial Services | -0.81 | 2026-02-27 | -0.3% | +9.0% | +12.5% | -2.4% | +13.3% | +0.7% | -6.4% |
| IPInternational Paper | Consumer Cyclical | -0.81 | 2026-09-30 NEW | -0.2% | +5.4% | -5.8% | -22.9% | +1.4% | -11.5% | -26.3% |
| GISGeneral Mills | Consumer Defensive | -0.77 | 2025-06-30 | -2.6% | +1.4% | -7.3% | -11.8% | +3.2% | -25.1% | -28.7% |
| IDXXIdexx Laboratories | Healthcare | -0.77 | 2026-08-31 | -0.8% | +4.6% | +6.0% | -2.8% | +6.0% | -18.2% | -14.0% |
| CMCSAComcast | Communication Services | -0.76 | 2025-10-31 | -1.2% | +4.9% | -0.5% | -7.3% | +3.0% | -16.9% | -21.3% |
| KRKroger | Consumer Defensive | -0.76 | 2026-09-30 NEW | +1.8% | +1.7% | +11.3% | +9.1% | +9.4% | +4.4% | -5.2% |
| MCDMcDonald's | Consumer Cyclical | -0.76 | 2026-09-30 NEW | -0.1% | +3.3% | +3.3% | -9.2% | +6.6% | -17.8% | -17.9% |
| SYKStryker Corporation | Healthcare | -0.76 | 2026-05-29 | -2.2% | +5.7% | +9.2% | -13.9% | +8.1% | -14.6% | -21.1% |
| PCGPG&E Corporation | Utilities | -0.74 | 2026-09-30 NEW | -0.2% | +0.0% | +6.4% | -25.8% | +7.3% | -17.3% | -20.1% |
| ALLEAllegion | Industrials | -0.73 | 2026-09-30 NEW | +1.2% | +4.2% | +3.2% | -1.1% | +3.4% | +1.0% | -9.4% |
| RMDResMed | Healthcare | -0.73 | 2026-05-29 | +0.3% | +4.6% | +10.8% | +18.2% | +11.3% | +3.0% | -8.3% |
| SPGIS&P Global | Financial Services | -0.73 | 2026-03-31 | +1.1% | +8.5% | +9.0% | +4.7% | +12.3% | -14.6% | -6.4% |
| VMCVulcan Materials Company | Basic Materials | -0.73 | 2026-09-30 NEW | +1.0% | +9.5% | +8.3% | -8.1% | +8.2% | -6.7% | -9.8% |
| SWKSSkyworks Solutions | Technology | -0.72 | 2026-08-31 | +1.1% | +6.9% | -10.1% | +27.1% | -3.8% | +32.4% | +11.5% |
| TKOTKO Group Holdings | Communication Services | -0.72 | 2026-09-30 NEW | -0.9% | +3.2% | -5.9% | -4.0% | -1.0% | -13.8% | -3.2% |
| ARESAres Management Corporation | Financial Services | -0.71 | 2026-03-31 | +0.6% | +4.0% | -3.7% | -7.5% | +0.7% | -25.1% | -16.9% |
Score is the cross-sectional z-score at rebalance. “Since” marks the start of the stock’s current uninterrupted run in that book. A missing long weight means no usable market cap at rebalance; the name remains in the equal-weighted spread leg. Individual stock returns are descriptive, not portfolio attribution.
How Momentum is defined
Ranked by 12–1 month total return: the price 21 trading days ago divided by the price 252 trading days ago, minus one.
Raw metrics are winsorized at the 2.5th and 97.5th percentiles, then standardized within the point-in-time universe. Stocks are split into five groups at each month-end rebalance.
The long portfolio holds the top quintile, weighted by market capitalization with a 5% name cap at rebalance. The Q5 − Q1 spread uses equal weights on both sides. Holdings drift with prices between rebalances.
First rebalance: 2019-12-31. The 5-day z-score compares the latest relative move with the prior 252 overlapping 5-day moves.
Read the full methodology →Sector exposure
Long portfolio / S&P 500 benchmark
Technology47.5% / 38.7%
Healthcare18.4% / 9.1%
Energy9.8% / 3.3%
Industrials8.9% / 7.2%
Communication Services5.0% / 10.6%
Basic Materials2.9% / 1.4%
Financial Services2.5% / 11.8%
Consumer Cyclical1.9% / 9.1%
Utilities1.8% / 2.2%
Consumer Defensive0.7% / 4.8%
Unknown0.5% / 0.1%
Monthly portfolio changes
The last 12 rebalances of the long book. Turnover is the share of names newly added.
2026-09-30 23 added · 23 dropped
Added ABNB, AMGN, BE, BG, COP, DE, DOW, EXPE, FANG, GWW, HUM, IFF, ILMN, IQV, IVZ, LYB, NDSN, NEM, REGN, RVTY, TECH, TXN, WAT
Dropped APH, C, CASY, CFG, CMI, CVS, DAL, DVA, ECHO, EIX, HST, HWM, LUV, MNST, MS, PFG, ROK, TPR, TRV, UNH, VTR, WELL, WST
2026-08-31 16 added · 16 dropped
Added BMY, CF, CRL, CSX, HWM, IEX, NTRS, ROK, SLB, TGT, TPR, TRV, VTR, WAB, WELL, XOM
Dropped AAPL, ADM, AIZ, APP, CHRW, EBAY, ELV, EXPE, FFIV, GNRC, GS, HUM, NEM, SPG, TXN, UAL
2026-07-31 17 added · 17 dropped
Added AIZ, BEN, CAH, CNC, CVS, DVA, ELV, EXPD, EXPE, FFIV, FTNT, HUM, LUV, ODFL, PFG, SPG, UNH
Dropped AES, ANET, AVGO, BG, BKR, CBOE, DVN, EME, F, FANG, FSLR, HWM, IVZ, NXPI, QCOM, SLB, TPR
2026-06-30 20 added · 20 dropped
Added AAPL, AKAM, APP, CBOE, CRWD, DAL, DDOG, EIX, F, FLEX, FSLR, HWM, LLY, MNST, MRVL, NTAP, PANW, QCOM, UAL, WST
Dropped BEN, COP, CSX, CVX, DOW, ETR, EXPE, HAS, HII, JCI, KEY, MCHP, NDSN, NEE, NTRS, NVDA, OXY, PH, WELL, XOM
2026-05-29 12 added · 12 dropped
Added AES, BEN, CSCO, EBAY, ETR, KEY, NDSN, NEE, NXPI, STLD, TXN, WELL
Dropped CAH, CF, CRL, DAL, HWM, LHX, LVS, LYB, RL, ROK, RTX, TEL
2026-04-30 22 added · 22 dropped
Added BIIB, BNY, CASY, CF, COP, CRL, CVX, DAL, DOW, DVN, EXPE, FANG, HAL, HPE, HST, LYB, MRK, OXY, PSX, SLB, TRGP, XOM
Dropped APP, CEG, CVNA, DG, DLTR, EL, FSLR, GE, HCA, HOOD, HUBB, IDXX, LMT, MCK, NOC, NRG, PLTR, STLD, TKO, TSLA, ULTA, WMT
2026-03-31 19 added · 19 dropped
Added APA, BKR, CEG, COHR, CSX, DELL, FDX, GNRC, HUBB, JBHT, LITE, MPC, NUE, ON, RL, TKO, VRT, VTRS, WMT
Dropped AES, BA, BEN, BNY, COR, EA, EBAY, EXPD, EXPE, F, GD, HAL, KEY, LDOS, LUV, MLM, MNST, SCHW, URI
2026-02-27 20 added · 20 dropped
Added ADM, ANET, BA, BG, CIEN, HAL, IBKR, KEY, KEYS, LMT, MCHP, MLM, MRNA, NOC, ROST, SCHW, SNDK, TSLA, URI, VLO
Dropped ABBV, CBOE, CRH, CSCO, CVS, DELL, FOXA, GILD, HSY, IBM, LLY, NUE, PM, RL, TJX, TKO, TTWO, VTR, WELL, WYNN
2026-01-30 15 added · 15 dropped
Added ADI, AES, BEN, CRH, DD, DELL, EL, FCX, GD, HSY, LUV, NTRS, STT, TJX, ULTA
Dropped AEP, AMGN, CEG, CRWD, EQT, IBKR, JPM, MDT, MMM, MPC, ROL, SKYD, UBER, UHS, VLO
2025-12-31 23 added · 23 dropped
Added ALB, AMGN, CBOE, CFG, CMI, CVNA, EQT, EXPD, EXPE, FIX, GM, LDOS, LHX, LLY, LVS, MDT, NUE, PH, PM, ROL, STLD, UHS, VTR
Dropped ANET, APTV, AXON, BA, CNP, DASH, EL, ES, ETR, EVRG, EXC, GD, META, MSFT, NFLX, NOC, ORCL, SMCI, STT, TSLA, ULTA, VRSN, VST
2025-11-28 28 added · 28 dropped
Added ABBV, AEP, AMAT, AMD, APTV, CAT, CHRW, CSCO, EL, ES, EXC, F, FSLR, GD, HAS, HCA, HII, INCY, JNJ, META, MMM, MPWR, MSFT, NOC, SMCI, STT, TER, UBER
Dropped ALLE, AZO, BKR, CCL, CFG, CMI, COF, COIN, EQT, EXE, EXPE, FFIV, GL, GRMN, LYV, MO, MOS, NI, NTRS, ORLY, PODD, RCL, SCHW, SYF, TRMB, WRB, WSM, XEL
2025-10-31 21 added · 21 dropped
Added ALLE, CEG, CMI, DG, EA, EVRG, EXE, IBM, IDXX, INTC, KLAC, LRCX, MNST, MPC, MU, NI, PWR, ULTA, VLO, WSM, XEL
Dropped BAC, BEN, BKNG, CBRE, CSCO, CTVA, FAST, GM, INCY, KMI, META, NDAQ, PAYC, PM, RJF, STT, T, UAL, V, WFC, WMB