Systematic factor / S&P 500
Momentum
Stocks with the strongest prior price performance, excluding the most recent month.
1 day vs S&P 500+1.8%relative return
20 days vs S&P 500+0.7%relative return
5-day z-score+0.55σrelative move vs trailing history
Year to date+29.8%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 | +1.4% | +1.5% | +0.3% | +2.0% | +1.5% | +29.8% | +36.1% |
| vs S&P 500 | +1.8% | +1.3% | +0.7% | -3.8% | +1.0% | +15.5% | +14.9% |
| Q5 − Q1 spread | +2.2% | +2.6% | -2.0% | -10.9% | +2.2% | +11.9% | +16.2% |
Inside the factor
Rebalanced 2026-08-31 · 16% 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% | 3.65 | 2025-11-28 | +4.7% | +2.6% | -1.2% | +5.6% | +1.5% | +123.0% | +195.2% |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GOOGLAlphabet Inc. (Class A) | Communication Services | 5.00% | 1.30 | 2025-09-30 | -1.1% | -2.3% | -4.4% | -5.0% | -0.2% | +8.3% | +46.2% |
| LLYLilly (Eli) | Healthcare | 5.00% | 1.02 | 2026-06-30 | -1.0% | -2.2% | -3.0% | +1.2% | -0.7% | +7.4% | +55.5% |
| MUMicron Technology | Technology | 5.00% | 3.65 | 2025-10-31 | +6.1% | +9.0% | +15.8% | +14.0% | +6.0% | +256.4% | +719.8% |
| XOMExxonMobil | Energy | 4.76% | 0.59 | 2026-08-31 NEW | -1.7% | +1.8% | +4.9% | +6.6% | -0.9% | +35.2% | +46.0% |
| JNJJohnson & Johnson | Healthcare | 4.66% | 0.80 | 2025-11-28 | -1.1% | +2.7% | +6.7% | +16.0% | +3.5% | +35.1% | +57.4% |
| INTCIntel | Technology | 3.22% | 3.65 | 2025-10-31 | +4.5% | +7.1% | -5.8% | -10.5% | +7.0% | +159.6% | +289.3% |
| CSCOCisco | Technology | 3.09% | 1.34 | 2026-05-29 | +0.5% | -0.7% | -10.1% | -7.7% | -1.2% | +43.8% | +63.9% |
| LRCXLam Research | Technology | 2.89% | 3.65 | 2025-10-31 | +5.1% | +1.9% | -1.2% | -4.3% | +2.0% | +80.1% | +208.1% |
| CATCaterpillar Inc. | Industrials | 2.59% | 1.81 | 2025-11-28 | +1.7% | +1.7% | -3.4% | -4.8% | +2.1% | +43.0% | +95.4% |
| MRKMerck & Co. | Healthcare | 2.57% | 1.12 | 2026-04-30 | -1.3% | +1.3% | +16.9% | +27.2% | +1.8% | +44.9% | +84.9% |
| UNHUnitedHealth Group | Healthcare | 2.48% | 0.60 | 2026-07-31 | -0.9% | +1.1% | -2.4% | -2.0% | +2.0% | +21.9% | +31.4% |
| AMATApplied Materials | Technology | 2.47% | 3.65 | 2025-11-28 | +4.3% | -1.5% | -15.6% | -8.4% | -0.8% | +77.6% | +189.0% |
| MSMorgan Stanley | Financial Services | 2.37% | 0.67 | 2025-06-30 | +0.2% | +1.4% | +0.6% | +5.9% | +2.1% | +24.6% | +47.9% |
| DELLDell Technologies | Technology | 2.09% | 3.65 | 2026-03-31 | +1.5% | +14.8% | +15.5% | +41.9% | +14.9% | +320.1% | +319.0% |
| PANWPalo Alto Networks | Technology | 1.96% | 1.42 | 2026-06-30 | +0.4% | -10.3% | -8.4% | +26.6% | -12.8% | +80.9% | +73.3% |
| GEVGE Vernova | Utilities | 1.70% | 1.00 | 2025-03-31 | +0.0% | +3.3% | -4.9% | +8.7% | +4.8% | +44.4% | +57.7% |
| CRWDCrowdStrike | Technology | 1.65% | 1.40 | 2026-06-30 | -0.9% | -2.4% | -0.6% | +31.6% | -7.8% | +81.8% | +106.7% |
| KLACKLA Corporation | Technology | 1.62% | 2.21 | 2025-10-31 | +7.3% | +5.7% | -6.2% | -13.0% | +5.8% | +53.3% | +113.7% |
| SNDKSandisk Corporation | Technology | 1.62% | 3.65 | 2026-02-27 | +11.9% | +17.2% | +43.5% | +5.9% | +11.1% | +633.0% | +2684.0% |
| CCitigroup | Financial Services | 1.58% | 0.56 | 2025-07-31 | -0.3% | +3.6% | +2.0% | +3.8% | +4.6% | +19.8% | +44.9% |
| APHAmphenol | Technology | 1.37% | 0.70 | 2025-06-30 | +0.9% | +5.0% | -2.1% | +11.1% | +4.4% | +22.9% | +47.9% |
| MRVLMarvell Technology, Inc. | Technology | 1.34% | 3.16 | 2026-06-30 | +7.0% | +3.2% | +2.2% | -11.5% | +5.6% | +163.4% | +249.5% |
| STXSeagate Technology | Technology | 1.28% | 3.65 | 2025-07-31 | +6.3% | +2.4% | +4.5% | +4.2% | +2.5% | +209.1% | +365.4% |
| ADIAnalog Devices | Technology | 1.24% | 0.74 | 2026-01-30 | +1.6% | +0.4% | -6.8% | -7.5% | +0.3% | +34.8% | +49.0% |
| IBKRInteractive Brokers Group | Financial Services | 1.19% | 0.60 | 2026-02-27 | -0.4% | -3.3% | +5.5% | +8.5% | -4.7% | +44.5% | +44.7% |
| WELLWelltower | Real Estate | 1.18% | 0.62 | 2026-08-31 NEW | -2.1% | -0.8% | +0.1% | +12.2% | -0.0% | +28.6% | +42.9% |
| WDCWestern Digital | Technology | 1.09% | 3.65 | 2025-08-29 | +5.9% | +1.7% | +7.6% | -4.6% | +3.8% | +171.6% | +417.4% |
| BMYBristol Myers Squibb | Healthcare | 0.97% | 0.73 | 2026-08-31 NEW | -1.9% | +0.4% | +3.2% | +21.5% | +0.0% | +28.1% | +50.0% |
| GLWCorning Inc. | Technology | 0.90% | 2.15 | 2025-08-29 | +5.7% | +3.8% | -6.7% | -8.1% | +3.7% | +77.1% | +123.2% |
| FTNTFortinet | Technology | 0.89% | 2.18 | 2026-07-31 | -0.0% | -5.9% | -2.1% | +12.5% | -8.6% | +96.8% | +104.5% |
| CVSCVS Health | Healthcare | 0.85% | 0.82 | 2026-07-31 | -0.5% | +4.0% | +1.1% | -0.7% | +3.0% | +24.8% | +35.4% |
| BNYBank of New York Mellon Corp | Financial Services | 0.79% | 0.83 | 2026-04-30 | +0.3% | +1.4% | +4.6% | +18.4% | +2.2% | +43.8% | +58.9% |
| FCXFreeport-McMoRan | Basic Materials | 0.77% | 0.65 | 2026-01-30 | +0.2% | -4.9% | +4.5% | +17.4% | -4.0% | +44.2% | +59.5% |
| MPCMarathon Petroleum | Energy | 0.77% | 1.55 | 2026-03-31 | +0.3% | +5.4% | +30.8% | +48.1% | +4.2% | +141.9% | +120.9% |
| VLOValero Energy | Energy | 0.75% | 2.36 | 2026-02-27 | +0.0% | +5.2% | +24.3% | +44.2% | +3.3% | +131.1% | +143.6% |
| PSXPhillips 66 | Energy | 0.70% | 1.16 | 2026-04-30 | +0.2% | +4.5% | +25.8% | +41.1% | +3.5% | +101.8% | +99.6% |
| VRTVertiv Holdings Co | Industrials | 0.70% | 1.58 | 2026-03-31 | +4.3% | +9.1% | +3.0% | -0.1% | +8.4% | +73.2% | +123.4% |
| HWMHowmet Aerospace | Industrials | 0.69% | 1.09 | 2026-08-31 NEW | -0.5% | -2.1% | -8.0% | +4.0% | +5.9% | +26.7% | +44.7% |
| CSXCSX Corporation | Industrials | 0.66% | 0.99 | 2026-08-31 NEW | +0.9% | -3.4% | -1.4% | +6.8% | -2.2% | +37.5% | +53.2% |
| PWRQuanta Services | Industrials | 0.64% | 1.41 | 2025-10-31 | +0.7% | +3.6% | -7.1% | -4.1% | +2.9% | +48.0% | +66.2% |
| SLBSchlumberger | Energy | 0.63% | 0.58 | 2026-08-31 NEW | +0.2% | +0.8% | +14.4% | +4.1% | -3.8% | +52.3% | +63.6% |
| MNSTMonster Beverage | Consumer Defensive | 0.63% | 0.97 | 2026-06-30 | -0.6% | -6.5% | -3.0% | -3.9% | -4.6% | +14.3% | +38.1% |
| DDOGDatadog | Technology | 0.59% | 1.83 | 2026-06-30 | -0.9% | -10.2% | -9.0% | -6.5% | -10.2% | +56.6% | +61.6% |
| FDXFedEx | Industrials | 0.57% | 1.29 | 2026-03-31 | -0.5% | -2.5% | +1.2% | +1.4% | -1.5% | +39.7% | +81.2% |
| GMGeneral Motors | Consumer Cyclical | 0.56% | 0.91 | 2025-12-31 | +0.8% | +1.9% | +0.4% | +10.8% | +1.9% | +8.6% | +52.6% |
| CMICummins | Industrials | 0.55% | 1.07 | 2025-12-31 | +2.8% | -0.7% | -12.6% | -10.7% | -0.7% | +11.0% | +41.9% |
| TRVTravelers Companies (The) | Financial Services | 0.54% | 0.60 | 2026-08-31 NEW | -1.3% | -0.1% | -3.9% | +21.8% | +0.9% | +28.3% | +34.3% |
| TGTTarget Corporation | Consumer Defensive | 0.52% | 0.94 | 2026-08-31 NEW | +0.3% | +0.8% | +10.7% | +29.5% | +2.2% | +72.9% | +84.6% |
| ROSTRoss Stores | Consumer Cyclical | 0.51% | 1.33 | 2026-02-27 | -0.4% | +0.9% | -9.6% | -0.5% | +0.9% | +28.6% | +52.3% |
| WBDWarner Bros. Discovery | Communication Services | 0.50% | 2.53 | 2025-06-30 | -0.4% | -1.8% | +5.5% | +7.7% | -1.0% | -2.0% | +140.0% |
| HPEHewlett Packard Enterprise | Technology | 0.49% | 2.36 | 2026-04-30 | -4.5% | -0.6% | -2.3% | +14.6% | -0.5% | +118.6% | +129.3% |
| LITELumentum Holdings Inc. | Technology | 0.48% | 3.65 | 2026-03-31 | +4.0% | -1.5% | -1.0% | +3.3% | -3.7% | +139.1% | +521.0% |
| TRGPTarga Resources | Energy | 0.45% | 1.22 | 2026-04-30 | -1.2% | +0.8% | +12.9% | +6.9% | -1.2% | +59.5% | +77.9% |
| MPWRMonolithic Power Systems | Technology | 0.44% | 1.26 | 2025-11-28 | +0.8% | -2.6% | -12.7% | -16.8% | -3.5% | +35.5% | +45.3% |
| TERTeradyne | Technology | 0.41% | 3.65 | 2025-11-28 | +5.5% | +0.6% | -5.8% | +2.8% | +2.1% | +84.7% | +199.9% |
| NUENucor | Basic Materials | 0.40% | 1.43 | 2026-03-31 | -0.5% | +4.2% | -4.2% | +4.5% | +4.6% | +61.0% | +82.5% |
| KEYSKeysight Technologies | Technology | 0.39% | 1.87 | 2026-02-27 | +1.4% | +2.3% | -4.0% | +1.0% | +1.4% | +61.0% | +96.0% |
| CAHCardinal Health | Healthcare | 0.39% | 0.97 | 2026-07-31 | -0.6% | +5.4% | +4.6% | +14.5% | +5.3% | +21.1% | +67.2% |
| MRNAModerna | Healthcare | 0.39% | 2.68 | 2026-02-27 | -2.2% | +5.5% | +146.0% | +216.5% | +3.7% | +393.6% | +499.5% |
| CIENCiena Corporation | Technology | 0.38% | 3.65 | 2026-02-27 | +1.1% | -15.2% | -22.2% | -26.2% | -16.1% | +37.3% | +174.6% |
| COHRCoherent, Inc. | Technology | 0.38% | 3.65 | 2026-03-31 | +6.6% | +0.9% | -25.7% | -20.5% | +1.5% | +52.7% | +194.8% |
| FIXComfort Systems USA, Inc. | Industrials | 0.38% | 3.01 | 2025-12-31 | +1.9% | +6.0% | -4.9% | -6.3% | +4.2% | +72.8% | +122.9% |
| STTState Street Corporation | Financial Services | 0.38% | 1.18 | 2026-01-30 | +0.2% | +0.5% | +5.2% | +20.7% | +1.5% | +53.3% | +74.7% |
| DALDelta Air Lines | Industrials | 0.36% | 0.65 | 2026-06-30 | +1.8% | +0.1% | -12.2% | +5.1% | +2.8% | +16.4% | +33.9% |
| WABWabtec | Industrials | 0.34% | 0.82 | 2026-08-31 NEW | +0.7% | -3.2% | -3.0% | +10.4% | -1.1% | +33.0% | +46.7% |
| ROKRockwell Automation | Industrials | 0.34% | 0.56 | 2026-08-31 NEW | +1.3% | +0.7% | -1.3% | -1.1% | +2.2% | +12.6% | +28.6% |
| VTRVentas | Real Estate | 0.31% | 0.63 | 2026-08-31 NEW | -2.0% | -1.7% | -3.3% | +7.6% | -1.0% | +18.1% | +36.7% |
| ODFLOld Dominion | Industrials | 0.29% | 0.65 | 2026-07-31 | +0.1% | -6.3% | -14.0% | -21.1% | -6.9% | +19.0% | +25.7% |
| FLEXFlex Ltd. | Technology | 0.29% | 2.27 | 2026-06-30 | +1.5% | -0.9% | -9.8% | -21.5% | +0.2% | +81.2% | +98.5% |
| NTAPNetApp | Technology | 0.26% | 0.96 | 2026-06-30 | +0.1% | -0.8% | -2.1% | +15.9% | +0.2% | +75.6% | +58.9% |
| NTRSNorthern Trust | Financial Services | 0.24% | 0.64 | 2026-08-31 NEW | +0.0% | +0.4% | +1.1% | +12.9% | +1.1% | +38.7% | +48.1% |
| STLDSteel Dynamics | Basic Materials | 0.24% | 1.91 | 2026-05-29 | -1.6% | +3.1% | -7.8% | -9.6% | +4.1% | +43.6% | +87.2% |
| BIIBBiogen | Healthcare | 0.22% | 0.91 | 2026-04-30 | -1.6% | +1.1% | +6.2% | +13.7% | +1.9% | +25.5% | +57.8% |
| CNCCentene Corporation | Healthcare | 0.22% | 2.56 | 2026-07-31 | -1.4% | +3.5% | +1.9% | +2.6% | +4.2% | +62.9% | +134.0% |
| JBLJabil | Technology | 0.22% | 0.84 | 2025-06-30 | +1.5% | +3.0% | -9.0% | -11.8% | +1.7% | +36.3% | +49.5% |
| HALHalliburton | Energy | 0.22% | 0.73 | 2026-04-30 | -0.6% | +2.9% | +16.8% | -6.3% | +1.1% | +33.0% | +68.3% |
| CFGCitizens Financial Group | Financial Services | 0.21% | 0.62 | 2025-12-31 | -0.1% | +1.5% | -2.6% | +9.7% | +2.8% | +23.7% | +38.8% |
| ONON Semiconductor | Technology | 0.20% | 1.10 | 2026-03-31 | +1.0% | +2.4% | -8.4% | -32.5% | +0.4% | +37.4% | +54.8% |
| CASYCasey's General Stores, Inc. | Consumer Cyclical | 0.20% | 1.49 | 2026-04-30 | -0.3% | +0.1% | -9.3% | -17.4% | +0.5% | +37.1% | +52.3% |
| JBHTJ.B. Hunt | Industrials | 0.18% | 1.83 | 2026-03-31 | +2.8% | +4.9% | +2.0% | -2.3% | +3.1% | +41.7% | +90.0% |
| TPRTapestry, Inc. | Consumer Cyclical | 0.18% | 0.84 | 2026-08-31 NEW | -0.4% | -2.7% | -24.8% | -13.0% | -1.0% | -3.5% | +17.4% |
| ECHOEchoStar Corporation | Communication Services | 0.18% | 0.77 | 2025-07-31 | +0.0% | +3.4% | -0.3% | -22.1% | +3.9% | -17.4% | +33.6% |
| EXPDExpeditors International | Industrials | 0.18% | 0.58 | 2026-07-31 | +0.9% | -1.1% | +5.7% | +14.6% | -0.4% | +27.4% | +56.8% |
| INCYIncyte | Healthcare | 0.17% | 0.65 | 2025-11-28 | -1.0% | +1.9% | +5.1% | +20.3% | +2.9% | +28.3% | +48.4% |
| PFGPrincipal Financial Group | Financial Services | 0.17% | 0.76 | 2026-07-31 | -1.5% | +5.5% | +3.7% | +7.6% | +6.7% | +35.5% | +48.5% |
| WSTWest Pharmaceutical Services | Healthcare | 0.17% | 0.57 | 2026-06-30 | -0.8% | +0.7% | -4.0% | +2.8% | -0.3% | +23.8% | +37.8% |
| EIXEdison International | Utilities | 0.15% | 0.62 | 2026-06-30 | +0.8% | -19.1% | -17.3% | -19.7% | +5.2% | -1.7% | +9.6% |
| CFCF Industries | Basic Materials | 0.14% | 0.72 | 2026-08-31 NEW | -3.2% | +6.0% | +17.2% | +22.7% | +2.5% | +75.0% | +61.7% |
| VTRSViatris | Healthcare | 0.14% | 1.41 | 2026-03-31 | -0.4% | +3.3% | +3.5% | +7.9% | +2.2% | +38.7% | +69.1% |
| LUVSouthwest Airlines | Industrials | 0.13% | 0.56 | 2026-07-31 | +2.3% | +0.4% | -15.4% | -3.4% | +3.3% | -2.9% | +29.6% |
| DDDuPont | Basic Materials | 0.13% | 0.66 | 2026-01-30 | +0.4% | -3.5% | -7.2% | -2.2% | -2.2% | +10.5% | +38.3% |
| BENFranklin Resources | Financial Services | 0.12% | 0.57 | 2026-07-31 | +3.5% | +0.2% | +2.8% | +12.7% | +1.7% | +48.9% | +42.1% |
| IEXIDEX Corporation | Industrials | 0.12% | 0.62 | 2026-08-31 NEW | +0.3% | -2.8% | -4.6% | +4.7% | -2.1% | +27.1% | +37.8% |
| ALBAlbemarle Corporation | Basic Materials | 0.11% | 0.59 | 2025-12-31 | -4.5% | -8.1% | -3.7% | -14.0% | -6.4% | -10.3% | +61.5% |
| AKAMAkamai Technologies | Technology | 0.11% | 0.76 | 2026-06-30 | -1.2% | -2.1% | -4.8% | -19.0% | -3.1% | +20.6% | +36.3% |
| APAAPA Corporation | Energy | 0.11% | 1.28 | 2026-03-31 | -3.2% | +0.5% | +13.7% | +13.4% | -0.9% | +79.0% | +88.8% |
| HSTHost Hotels & Resorts | Real Estate | 0.11% | 1.01 | 2026-04-30 | +0.3% | -1.0% | -5.3% | -4.4% | +0.5% | +30.5% | +35.6% |
| CRLCharles River Laboratories | Healthcare | 0.10% | 0.64 | 2026-08-31 NEW | -1.7% | -1.0% | +7.8% | +54.9% | +0.1% | +44.6% | +77.8% |
| DVADaVita | Healthcare | 0.08% | 1.49 | 2026-07-31 | +1.3% | +1.8% | +0.1% | -7.3% | +4.5% | +62.0% | +35.7% |
Bottom quintile: the lowest-scoring stocks, used as the equal-weighted short leg of the spread.
| BLDRBuilders FirstSource | Industrials | -1.53 | 2025-01-31 | +2.5% | -2.9% | -11.9% | -11.8% | -0.9% | -36.1% | -54.1% |
|---|---|---|---|---|---|---|---|---|---|---|
| BSXBoston Scientific | Healthcare | -1.53 | 2026-03-31 | +1.8% | +2.1% | -3.1% | -1.1% | -1.0% | -49.9% | -55.5% |
| CHTRCharter Communications | Communication Services | -1.53 | 2025-08-29 | +0.4% | -1.1% | -0.4% | +10.3% | -0.3% | -27.2% | -41.4% |
| COINCoinbase Global | Financial Services | -1.53 | 2026-04-30 | -4.2% | +3.4% | +20.2% | +19.9% | -1.8% | -18.4% | -39.8% |
| CSGPCoStar Group | Real Estate | -1.53 | 2026-02-27 | -2.4% | -4.1% | +2.2% | -9.7% | -3.6% | -54.0% | -65.3% |
| FISVFiserv, Inc. | Technology | -1.53 | 2025-08-29 | +0.5% | -0.3% | +1.1% | -0.5% | -0.6% | -21.1% | -61.1% |
| INTUIntuit | Technology | -1.53 | 2026-02-27 | -3.4% | -7.1% | +2.3% | +17.6% | -7.4% | -49.3% | -49.7% |
| NKENike, Inc. | Consumer Cyclical | -1.53 | 2026-05-29 | -0.9% | -2.0% | -6.9% | -11.7% | -0.7% | -38.1% | -47.4% |
| ORCLOracle Corporation | Technology | -1.53 | 2026-07-31 | +3.1% | +5.3% | +8.0% | -20.8% | +6.5% | -17.7% | -28.0% |
| PODDInsulet Corporation | Healthcare | -1.53 | 2026-04-30 | -2.1% | +1.6% | +4.5% | -2.1% | -0.8% | -48.1% | -57.4% |
| PSKYParamount Skydance Corp | Communication Services | -1.53 | 2026-07-31 | -1.6% | -0.2% | +18.2% | +5.9% | -0.5% | -18.1% | -25.1% |
| TSCOTractor Supply | Consumer Cyclical | -1.53 | 2026-05-29 | +1.1% | +0.8% | +1.9% | +14.5% | +0.3% | -28.7% | -40.9% |
| TTDThe Trade Desk, Inc. | Technology | -1.53 | 2025-07-31 | -4.4% | +6.3% | +4.6% | -25.2% | +5.2% | -62.0% | -72.2% |
| ZTSZoetis | Healthcare | -1.53 | 2025-07-31 | -0.6% | -2.0% | +4.3% | -6.1% | -1.7% | -38.8% | -49.6% |
| TYLTyler Technologies | Technology | -1.52 | 2025-10-31 | -4.0% | -3.7% | +16.5% | +20.2% | -2.2% | -19.8% | -34.3% |
| GDDYGoDaddy | Technology | -1.51 | 2025-10-31 | -2.2% | +3.7% | +11.2% | +26.2% | +3.5% | -18.4% | -30.1% |
| LULULululemon Athletica | Consumer Cyclical | -1.46 | 2025-08-29 | -17.4% | -16.7% | -21.8% | -15.4% | -16.3% | -51.6% | -51.2% |
| NFLXNetflix | Communication Services | -1.45 | 2026-04-30 | -5.3% | -4.2% | +5.5% | -4.6% | -3.5% | -16.5% | -37.8% |
| CPRTCopart | Consumer Cyclical | -1.42 | 2025-10-31 | +0.4% | +2.2% | +13.7% | +7.5% | +2.2% | -13.9% | -32.5% |
| NOWServiceNow | Technology | -1.41 | 2025-12-31 | -3.0% | -2.4% | +13.1% | +33.2% | -4.5% | -7.8% | -21.4% |
| ITGartner | Technology | -1.39 | 2025-07-31 | -4.6% | -6.0% | +0.4% | +20.3% | -5.9% | -26.1% | -21.2% |
| PNRPentair | Industrials | -1.39 | 2026-05-29 | +0.3% | -2.4% | -12.6% | -15.3% | -0.4% | -41.6% | -44.6% |
| BRBroadridge Financial Solutions | Technology | -1.38 | 2026-02-27 | -3.4% | -5.3% | +4.5% | +19.6% | -4.6% | -21.1% | -29.6% |
| RDDTReddit, Inc. | Communication Services | -1.35 | 2026-08-31 NEW | -1.0% | +0.9% | -4.5% | -10.3% | +4.5% | -32.8% | -33.5% |
| LENLennar | Consumer Cyclical | -1.33 | 2026-04-30 | -1.0% | -3.2% | -5.2% | -6.4% | -0.6% | -17.4% | -38.2% |
| SNPSSynopsys | Technology | -1.32 | 2026-07-31 | -5.4% | -11.0% | -5.3% | -14.5% | -10.4% | -16.2% | -34.6% |
| PTCPTC Inc. | Technology | -1.31 | 2026-05-29 | -6.0% | -10.3% | -4.5% | +4.4% | -9.4% | -19.1% | -33.9% |
| LDOSLeidos | Technology | -1.30 | 2026-06-30 | +0.5% | -5.4% | -3.3% | +9.7% | -5.1% | -25.8% | -24.7% |
| SMCISupermicro | Technology | -1.29 | 2026-07-31 | +4.5% | +6.8% | +27.2% | +35.3% | +6.2% | +35.3% | -2.7% |
| FISFidelity National Information Services | Technology | -1.25 | 2025-09-30 | -0.9% | +1.1% | -2.0% | +8.8% | +2.8% | -35.7% | -37.0% |
| ACNAccenture | Technology | -1.24 | 2025-08-29 | -3.3% | -1.5% | +6.3% | +10.8% | -1.6% | -28.6% | -23.7% |
| AREAlexandria Real Estate Equities | Real Estate | -1.24 | 2024-12-31 | -0.1% | +2.1% | +5.9% | +2.0% | +2.6% | +10.7% | -32.6% |
| AXONAxon Enterprise | Industrials | -1.22 | 2026-04-30 | -4.2% | -14.2% | -9.7% | +15.2% | -9.0% | -9.2% | -29.4% |
| MOSMosaic Company (The) | Basic Materials | -1.22 | 2026-04-30 | +1.4% | +9.5% | +12.1% | +30.4% | +7.2% | +9.3% | -18.0% |
| ROLRollins, Inc. | Consumer Cyclical | -1.21 | 2026-06-30 | +0.4% | -1.4% | -4.5% | -24.6% | -0.6% | -39.6% | -36.0% |
| TRMBTrimble Inc. | Technology | -1.19 | 2026-06-30 | -1.1% | -2.5% | -0.1% | +17.5% | -0.8% | -24.1% | -25.4% |
| WDAYWorkday, Inc. | Technology | -1.16 | 2025-12-31 | -5.4% | -4.4% | +9.0% | +42.4% | -0.8% | -8.8% | -15.3% |
| APTVAptiv | Consumer Cyclical | -1.15 | 2026-08-31 NEW | +3.0% | +4.8% | -3.2% | -26.5% | +7.1% | -37.0% | -40.4% |
| ERIEErie Indemnity | Financial Services | -1.15 | 2025-07-31 | -2.2% | -2.9% | +0.1% | +9.6% | -1.1% | -10.3% | -23.3% |
| TMUST-Mobile US | Communication Services | -1.15 | 2026-05-29 | -3.5% | +0.1% | +3.0% | -1.6% | +0.6% | -9.2% | -26.5% |
| ADBEAdobe Inc. | Technology | -1.14 | 2024-10-31 | -6.7% | -8.6% | +0.5% | +14.2% | -9.0% | -23.8% | -22.6% |
| FDSFactSet | Financial Services | -1.13 | 2025-09-30 | -3.5% | -1.9% | +6.1% | +21.7% | -3.7% | +5.5% | -16.8% |
| EFXEquifax | Industrials | -1.12 | 2025-12-31 | -6.4% | -8.6% | -2.7% | +6.9% | -6.4% | -17.7% | -25.6% |
| AZOAutoZone | Consumer Cyclical | -1.11 | 2026-06-30 | +0.5% | +0.7% | -4.6% | -4.1% | -0.3% | -12.0% | -29.5% |
| CRMSalesforce | Technology | -1.09 | 2025-10-31 | -2.0% | +1.3% | +34.5% | +52.1% | +0.7% | -1.7% | +7.1% |
| KKRKKR | Financial Services | -1.09 | 2025-11-28 | -1.8% | -0.9% | +5.0% | +13.6% | -1.8% | -15.0% | -21.0% |
| NCLHNorwegian Cruise Line Holdings | Consumer Cyclical | -1.09 | 2026-08-31 NEW | -0.1% | -6.5% | -19.1% | -13.1% | -3.5% | -30.2% | -39.2% |
| UBERUber | Technology | -1.08 | 2026-05-29 | -0.3% | -3.9% | +1.0% | +10.4% | +0.1% | -7.3% | -17.6% |
| ARESAres Management Corporation | Financial Services | -1.07 | 2026-03-31 | -1.0% | -1.7% | +2.4% | +10.3% | -2.1% | -11.2% | -19.3% |
| BROBrown & Brown | Financial Services | -1.07 | 2025-11-28 | -1.6% | -2.6% | +0.2% | +18.9% | -1.0% | -9.7% | -24.5% |
| VRSKVerisk Analytics | Industrials | -1.06 | 2025-11-28 | -2.5% | -3.1% | -3.1% | +1.7% | -4.1% | -16.5% | -30.6% |
| FICOFair Isaac | Technology | -1.05 | 2026-02-27 | -16.7% | -19.2% | -10.5% | -23.6% | -18.7% | -44.9% | -38.6% |
| ISRGIntuitive Surgical | Healthcare | -1.05 | 2026-05-29 | -0.9% | -1.6% | -3.2% | -11.0% | -2.7% | -35.2% | -19.3% |
| METAMeta Platforms | Communication Services | -1.05 | 2026-08-31 NEW | +1.0% | +6.7% | +4.2% | +8.1% | +7.8% | -6.4% | -17.3% |
| CMCSAComcast | Communication Services | -1.04 | 2025-10-31 | -0.6% | -2.1% | +4.5% | +12.0% | -0.5% | -1.8% | -18.2% |
| VEEVVeeva Systems Inc. | Healthcare | -1.04 | 2026-05-29 | -3.3% | -0.6% | +19.4% | +68.0% | -3.7% | +23.2% | +1.9% |
| LIILennox International | Industrials | -1.03 | 2026-08-31 NEW | +1.1% | -0.7% | -11.2% | -22.4% | +2.1% | -19.1% | -29.7% |
| MKCMcCormick & Company | Consumer Defensive | -1.03 | 2026-02-27 | -0.9% | -5.9% | -1.7% | +5.8% | -4.0% | -22.2% | -23.3% |
| ROPRoper Technologies | Industrials | -1.03 | 2025-11-28 | -3.6% | -4.4% | +1.2% | +22.2% | -4.1% | -7.8% | -22.1% |
| SPGIS&P Global | Financial Services | -1.02 | 2026-03-31 | -1.6% | +0.1% | +8.9% | +10.2% | +1.8% | -14.5% | -17.2% |
| VSTVistra Corp. | Utilities | -1.02 | 2026-06-30 | +3.5% | +8.9% | +6.2% | +7.9% | +8.7% | -7.2% | -20.9% |
| NVRNVR, Inc. | Consumer Cyclical | -1.01 | 2026-06-30 | -1.2% | -1.5% | -1.4% | -0.1% | -0.3% | -13.6% | -25.1% |
| BXBlackstone Inc. | Financial Services | -1.00 | 2026-06-30 | -1.1% | -4.4% | -0.7% | +16.1% | -5.0% | -8.9% | -16.6% |
| RMDResMed | Healthcare | -0.98 | 2026-05-29 | -0.4% | -5.0% | +8.1% | +18.3% | -4.9% | -4.4% | -15.7% |
| PLTRPalantir Technologies | Technology | -0.97 | 2026-07-31 | -4.5% | -6.4% | +1.4% | +33.9% | -6.5% | -1.9% | +11.7% |
| CTSHCognizant | Technology | -0.95 | 2026-03-31 | -3.6% | -2.7% | +8.7% | +21.0% | -3.5% | -23.6% | -10.8% |
| GISGeneral Mills | Consumer Defensive | -0.95 | 2025-06-30 | -2.5% | -7.8% | +3.8% | +15.2% | -7.1% | -13.6% | -18.0% |
| DPZDomino's | Consumer Cyclical | -0.94 | 2026-02-27 | -1.7% | -2.5% | -2.8% | +9.0% | -0.3% | -17.2% | -24.9% |
| WYNNWynn Resorts | Consumer Cyclical | -0.94 | 2026-08-31 NEW | -0.0% | -3.9% | -10.5% | -12.8% | +0.3% | -23.4% | -24.8% |
| DASHDoorDash | Communication Services | -0.93 | 2026-04-30 | -4.6% | -10.6% | -2.1% | +40.2% | -8.6% | -6.5% | -14.9% |
| ADSKAutodesk | Technology | -0.88 | 2026-04-30 | -8.3% | -16.4% | -12.5% | -1.5% | -15.7% | -26.4% | -31.9% |
| APPAppLovin Corporation | Technology | -0.87 | 2026-08-31 NEW | +2.2% | +0.9% | -7.6% | -35.0% | +2.7% | -52.4% | -35.9% |
| CCICrown Castle | Real Estate | -0.87 | 2026-07-31 | -1.8% | -0.4% | +0.3% | -17.8% | -0.4% | -12.6% | -16.8% |
| DECKDeckers Brands | Consumer Cyclical | -0.86 | 2026-08-31 NEW | +1.6% | -2.2% | -11.9% | -22.8% | -1.5% | -17.2% | -30.8% |
| XYLXylem Inc. | Industrials | -0.86 | 2026-08-31 NEW | -2.0% | -5.1% | -11.8% | -1.0% | -4.0% | -21.5% | -24.5% |
| ABTAbbott Laboratories | Healthcare | -0.85 | 2026-02-27 | -0.4% | -3.7% | +0.5% | +22.3% | -1.8% | -11.9% | -16.6% |
| CEGConstellation Energy | Utilities | -0.85 | 2026-07-31 | +4.9% | +8.0% | +10.9% | +23.6% | +8.8% | -15.0% | -2.7% |
| CVNACarvana Co. | Consumer Cyclical | -0.85 | 2026-08-31 NEW | +1.6% | +0.7% | +5.3% | +10.9% | +1.5% | -11.6% | +0.8% |
| LOWLowe's | Consumer Cyclical | -0.85 | 2026-08-31 NEW | +1.3% | -1.7% | -8.5% | -4.9% | -0.1% | -13.9% | -21.1% |
| PYPLPayPal | Financial Services | -0.85 | 2025-10-31 | -3.0% | +2.7% | -6.7% | +35.4% | +4.6% | -5.0% | -18.8% |
| DISWalt Disney Company (The) | Communication Services | -0.84 | 2026-06-30 | -1.8% | -2.6% | +0.4% | +7.6% | -2.1% | -6.8% | -10.1% |
| CLXClorox | Consumer Defensive | -0.82 | 2025-08-29 | -1.3% | -9.2% | -10.5% | -5.2% | -4.7% | -4.4% | -21.9% |
| HDHome Depot (The) | Consumer Cyclical | -0.82 | 2026-08-31 NEW | +0.9% | -2.1% | -9.1% | +1.4% | -1.4% | -4.7% | -19.8% |
| HOODRobinhood Markets, Inc. | Financial Services | -0.82 | 2026-08-31 NEW | -2.1% | +17.1% | +30.9% | +41.4% | +16.5% | +8.0% | +18.7% |
| VICIVici Properties | Real Estate | -0.82 | 2026-07-31 | -0.9% | -1.7% | -4.9% | -9.0% | -0.9% | -6.6% | -19.2% |
| AJGArthur J. Gallagher & Co. | Financial Services | -0.81 | 2026-02-27 | -1.5% | -1.8% | +5.9% | +19.3% | +0.2% | +2.2% | -11.5% |
| STZConstellation Brands | Consumer Defensive | -0.81 | 2026-07-31 | -0.7% | -1.9% | -5.6% | -9.2% | -1.9% | -5.1% | -9.6% |
| TAT&T | Communication Services | -0.81 | 2026-07-31 | -2.0% | -1.3% | +7.9% | +12.1% | -0.9% | +7.0% | -9.2% |
| SYKStryker Corporation | Healthcare | -0.80 | 2026-05-29 | -1.6% | -8.3% | -10.6% | -1.6% | -6.4% | -13.3% | -22.3% |
| CRHCRH plc | Basic Materials | -0.79 | 2026-08-31 NEW | +2.4% | -1.7% | -5.8% | -5.3% | -0.0% | -23.6% | -14.3% |
| OTISOtis Worldwide | Industrials | -0.79 | 2026-04-30 | -0.4% | -0.7% | -3.2% | +2.9% | +0.1% | -17.1% | -15.9% |
| DHID. R. Horton | Consumer Cyclical | -0.78 | 2026-08-31 NEW | -1.1% | -3.1% | -5.5% | -2.4% | -1.2% | -0.0% | -18.2% |
| AOSA. O. Smith | Industrials | -0.77 | 2026-08-31 NEW | -0.1% | +0.2% | -5.5% | +6.3% | +2.3% | -8.0% | -14.9% |
| SWKSSkyworks Solutions | Technology | -0.77 | 2026-08-31 NEW | +3.5% | +12.5% | +4.8% | +5.3% | +10.5% | +19.2% | +2.4% |
| BKNGBooking Holdings | Consumer Cyclical | -0.76 | 2026-03-31 | -0.9% | -6.0% | -9.8% | +20.3% | -2.9% | -9.3% | -12.8% |
| LVSLas Vegas Sands | Consumer Cyclical | -0.76 | 2026-08-31 NEW | -0.3% | -1.5% | -3.1% | -12.1% | +1.3% | -30.6% | -17.7% |
| MLMMartin Marietta Materials | Basic Materials | -0.76 | 2026-08-31 NEW | +1.1% | -2.9% | -6.0% | -6.7% | -0.6% | -17.0% | -16.4% |
| ORLYO'Reilly Auto Parts | Consumer Cyclical | -0.76 | 2026-08-31 NEW | +0.6% | -0.7% | -6.0% | -2.8% | -1.0% | -3.6% | -16.3% |
| IDXXIdexx Laboratories | Healthcare | -0.75 | 2026-08-31 NEW | +1.1% | -3.5% | -8.7% | -3.9% | -3.8% | -20.9% | -16.4% |
| TAPMolson Coors Beverage Company | Consumer Defensive | -0.75 | 2026-02-27 | -0.2% | -2.3% | -5.5% | +0.2% | +1.9% | -10.3% | -14.4% |
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
Technology43.4% / 37.0%
Healthcare18.4% / 9.2%
Industrials8.7% / 7.4%
Energy8.4% / 3.4%
Financial Services7.6% / 12.6%
Communication Services5.7% / 10.3%
Utilities1.8% / 2.3%
Basic Materials1.8% / 1.6%
Real Estate1.6% / 1.7%
Consumer Cyclical1.5% / 9.5%
Consumer Defensive1.1% / 5.0%
Monthly portfolio changes
The last 12 rebalances of the long book. Turnover is the share of names newly added.
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, PSKY, ROL, 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
2025-09-30 24 added · 24 dropped
Added APP, AZO, BA, BAC, BEN, CFG, COR, CVS, DLTR, EME, EXPE, GM, GOOGL, GRMN, HOOD, INCY, IVZ, MCK, MO, MOS, NEM, PSKY, V, WRB
Dropped AMZN, BSX, CDNS, CEG, CME, DAL, DE, DIS, DRI, EMR, ETN, EXE, FTNT, IBM, KR, LVS, MSFT, NCLH, NI, PWR, TDY, ULTA, WMT, WSM