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+0.4%relative return
20 days vs S&P 500-4.7%relative return
5-day z-score+2.74σrelative move vs trailing history
Year to date+20.3%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 | +0.2% | +10.2% | -6.7% | -7.2% | -2.9% | +20.3% | +19.6% |
| vs S&P 500 | +0.4% | +6.5% | -4.7% | -5.8% | -3.0% | +8.7% | +8.0% |
| Q5 − Q1 spread | +0.9% | +8.7% | -8.9% | -6.1% | -5.1% | +6.2% | +3.8% |
Inside the factor
Rebalanced 2026-10-30 · 24% 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% | 3.18 | 2025-11-28 | +6.2% | +45.1% | +4.4% | +25.8% | +16.3% | +174.0% | +147.1% |
|---|---|---|---|---|---|---|---|---|---|---|---|
| JNJJohnson & Johnson | Healthcare | 5.00% | 0.76 | 2025-11-28 | +1.5% | +4.5% | +12.3% | +4.6% | +4.2% | +39.7% | +50.1% |
| LLYLilly (Eli) | Healthcare | 5.00% | 0.77 | 2026-06-30 | -0.2% | +5.1% | +14.6% | +12.0% | +1.2% | +34.1% | +46.0% |
| MUMicron Technology | Technology | 5.00% | 3.43 | 2025-10-31 | -2.0% | +21.1% | -14.6% | -15.2% | -10.2% | +178.7% | +230.1% |
| XOMExxonMobil | Energy | 5.00% | 0.84 | 2026-08-31 | +2.4% | +3.3% | -2.3% | +3.6% | -8.8% | +44.7% | +46.6% |
| CVXChevron Corporation | Energy | 3.82% | 0.68 | 2026-10-30 NEW | +2.1% | +2.3% | -0.7% | +5.8% | -7.5% | +46.9% | +44.9% |
| CSCOCisco | Technology | 3.38% | 1.10 | 2026-05-29 | +1.8% | +7.1% | -6.7% | -6.9% | -1.9% | +35.6% | +45.6% |
| MRKMerck & Co. | Healthcare | 3.03% | 1.53 | 2026-04-30 | +0.4% | +0.6% | +1.8% | -2.3% | -1.1% | +43.3% | +67.3% |
| INTCIntel | Technology | 2.81% | 3.43 | 2025-10-31 | -0.9% | +18.5% | -35.1% | -33.3% | -5.9% | +67.8% | +63.4% |
| AMATApplied Materials | Technology | 2.44% | 2.99 | 2025-11-28 | -3.5% | +19.4% | -11.3% | -23.1% | -2.3% | +48.9% | +67.6% |
| LRCXLam Research | Technology | 2.43% | 2.64 | 2025-10-31 | -1.3% | +25.7% | -16.1% | -24.1% | -2.6% | +36.4% | +46.9% |
| CATCaterpillar Inc. | Industrials | 2.35% | 0.76 | 2025-11-28 | +0.9% | +9.6% | -17.3% | -25.4% | -2.5% | +6.9% | +7.8% |
| TXNTexas Instruments | Technology | 2.25% | 1.77 | 2026-09-30 | +0.8% | +12.3% | +12.4% | +17.3% | +3.8% | +83.9% | +99.8% |
| DELLDell Technologies | Technology | 2.23% | 3.43 | 2026-03-31 | -0.2% | +17.7% | -21.1% | -14.7% | -12.1% | +199.3% | +171.6% |
| PANWPalo Alto Networks | Technology | 2.23% | 1.84 | 2026-06-30 | -3.5% | +2.6% | -12.8% | -10.3% | -11.8% | +75.2% | +47.9% |
| CRWDCrowdStrike | Technology | 2.08% | 2.17 | 2026-06-30 | -0.0% | +5.5% | -6.3% | +13.6% | -8.5% | +95.5% | +64.6% |
| AMGNAmgen | Healthcare | 2.07% | 0.80 | 2026-09-30 | -0.0% | +1.7% | +7.8% | +6.4% | +0.4% | +45.9% | +42.1% |
| GEVGE Vernova | Utilities | 1.86% | 1.54 | 2025-03-31 | +1.8% | +6.8% | -11.2% | -16.7% | -4.1% | +26.2% | +43.1% |
| KLACKLA Corporation | Technology | 1.68% | 1.32 | 2025-10-31 | -1.7% | +22.0% | -9.2% | -15.5% | +0.3% | +30.8% | +33.7% |
| ADIAnalog Devices | Technology | 1.66% | 1.62 | 2026-01-30 | +0.1% | +13.5% | +1.4% | +10.1% | -1.8% | +52.4% | +77.7% |
| COPConocoPhillips | Energy | 1.54% | 0.94 | 2026-09-30 | +2.0% | +3.8% | -0.8% | +7.7% | -8.7% | +53.5% | +59.9% |
| DEDeere & Company | Industrials | 1.52% | 0.78 | 2026-09-30 | -0.6% | +3.7% | +5.7% | +18.7% | +1.8% | +48.9% | +45.5% |
| MRVLMarvell Technology, Inc. | Technology | 1.44% | 3.43 | 2026-06-30 | -1.6% | +24.3% | -31.2% | -30.0% | -15.5% | +95.7% | +86.2% |
| SNDKSandisk Corporation | Technology | 1.37% | 3.43 | 2026-02-27 | -4.7% | +15.6% | -33.2% | -40.6% | -19.0% | +292.6% | +243.2% |
| STXSeagate Technology | Technology | 1.20% | 3.43 | 2025-07-31 | -1.5% | +16.5% | -21.3% | -34.7% | -15.7% | +98.0% | +89.8% |
| WDCWestern Digital | Technology | 1.09% | 3.43 | 2025-08-29 | -1.4% | +15.4% | -13.3% | -33.1% | -15.6% | +79.5% | +82.1% |
| MPCMarathon Petroleum | Energy | 1.06% | 2.79 | 2026-03-31 | +3.3% | +10.3% | -12.8% | +15.3% | -6.5% | +158.8% | +111.4% |
| BMYBristol Myers Squibb | Healthcare | 1.05% | 0.95 | 2026-08-31 | -0.6% | -0.9% | +3.3% | -6.5% | +0.1% | +21.1% | +34.1% |
| VLOValero Energy | Energy | 0.93% | 3.43 | 2026-02-27 | +3.9% | +7.6% | -14.9% | +9.2% | -5.4% | +135.6% | +113.4% |
| PSXPhillips 66 | Energy | 0.92% | 2.23 | 2026-04-30 | +2.4% | +7.2% | -8.4% | +9.3% | -6.3% | +109.6% | +93.6% |
| NEMNewmont | Basic Materials | 0.91% | 0.85 | 2026-09-30 | -4.2% | -5.2% | -2.0% | -9.1% | +6.5% | +14.4% | +27.4% |
| MARMarriott International | Consumer Cyclical | 0.88% | 0.60 | 2026-10-30 NEW | -1.1% | +1.7% | +10.1% | +18.2% | +6.3% | +37.6% | +46.6% |
| GLWCorning Inc. | Technology | 0.87% | 1.75 | 2025-08-29 | -0.9% | +15.4% | -13.7% | -21.5% | -3.2% | +37.1% | +37.0% |
| FTNTFortinet | Technology | 0.81% | 2.63 | 2026-07-31 | +1.2% | +5.9% | -28.7% | -15.2% | -4.7% | +63.3% | +55.0% |
| PWRQuanta Services | Industrials | 0.76% | 0.92 | 2025-10-31 | -0.3% | +19.1% | -5.6% | -10.5% | -2.4% | +43.7% | +35.1% |
| JCIJohnson Controls | Industrials | 0.74% | 0.59 | 2026-10-30 NEW | -1.0% | +8.9% | -3.0% | -0.9% | -3.9% | +20.6% | +18.9% |
| FCXFreeport-McMoRan | Basic Materials | 0.74% | 1.38 | 2026-01-30 | -1.9% | +5.2% | -13.1% | -11.7% | -2.5% | +21.1% | +49.7% |
| EOGEOG Resources | Energy | 0.72% | 0.62 | 2026-10-30 NEW | +1.9% | +8.2% | +3.4% | +5.6% | -5.3% | +54.0% | +47.9% |
| MRNAModerna | Healthcare | 0.72% | 3.43 | 2026-02-27 | -6.3% | -3.5% | -1.5% | +33.6% | +5.1% | +690.1% | +782.2% |
| DDOGDatadog | Technology | 0.68% | 1.70 | 2026-06-30 | -0.0% | +5.6% | -30.8% | -21.1% | -21.7% | +35.5% | -6.8% |
| TRVTravelers Companies (The) | Financial Services | 0.67% | 0.63 | 2026-10-30 NEW | +1.5% | +0.6% | +5.6% | +12.3% | +2.3% | +41.3% | +43.9% |
| SLBSchlumberger | Energy | 0.65% | 0.59 | 2026-08-31 | +0.6% | +3.3% | +6.0% | -3.8% | -4.6% | +35.8% | +39.7% |
| FDXFedEx | Industrials | 0.60% | 0.83 | 2026-03-31 | -0.3% | +1.5% | +8.8% | -1.7% | +2.6% | +39.3% | +51.1% |
| HPEHewlett Packard Enterprise | Technology | 0.60% | 3.43 | 2026-04-30 | +0.1% | +13.9% | -14.2% | -5.1% | -8.7% | +111.9% | +123.7% |
| ROSTRoss Stores | Consumer Cyclical | 0.59% | 0.95 | 2026-02-27 | -1.8% | +0.7% | +0.9% | +1.1% | +3.8% | +32.3% | +46.8% |
| TGTTarget Corporation | Consumer Defensive | 0.58% | 1.59 | 2026-08-31 | -1.1% | +2.6% | +3.5% | +2.0% | +5.0% | +70.4% | +84.2% |
| TRGPTarga Resources | Energy | 0.56% | 2.00 | 2026-04-30 | +2.2% | +9.7% | +5.9% | +0.8% | -5.3% | +64.6% | +75.4% |
| GWWW. W. Grainger | Industrials | 0.53% | 0.57 | 2026-09-30 | +1.1% | +3.7% | +13.1% | +15.2% | +10.7% | +50.0% | +60.1% |
| OXYOccidental Petroleum | Energy | 0.52% | 0.85 | 2026-10-30 NEW | +2.6% | +4.2% | -3.2% | -1.8% | -8.2% | +44.9% | +43.2% |
| LITELumentum Holdings Inc. | Technology | 0.51% | 3.43 | 2026-03-31 | -3.0% | +23.4% | -27.7% | -24.0% | -25.2% | +70.6% | +149.1% |
| NUENucor | Basic Materials | 0.51% | 1.10 | 2026-03-31 | +0.1% | +6.5% | +2.7% | +5.4% | -4.5% | +61.7% | +83.7% |
| OKEONEOK | Energy | 0.50% | 0.62 | 2026-10-30 NEW | +1.5% | +3.8% | -0.2% | -5.7% | -6.8% | +27.8% | +36.0% |
| BEBloom Energy Corporation | Industrials | 0.49% | 2.50 | 2026-09-30 | -2.9% | +21.4% | -13.9% | -1.6% | +0.1% | +134.1% | +60.0% |
| CAHCardinal Health | Healthcare | 0.48% | 0.74 | 2026-07-31 | +0.1% | +3.7% | +9.5% | +18.6% | +10.9% | +36.4% | +36.9% |
| AMEAmetek | Industrials | 0.45% | 0.61 | 2026-10-30 NEW | +0.9% | +8.4% | -2.7% | -0.5% | +0.3% | +18.3% | +23.1% |
| KEYSKeysight Technologies | Technology | 0.43% | 2.82 | 2026-02-27 | -0.0% | +17.3% | -10.7% | -4.3% | -0.5% | +50.4% | +67.5% |
| DALDelta Air Lines | Industrials | 0.43% | 0.82 | 2026-10-30 NEW | -4.9% | +1.7% | +11.2% | +4.5% | +8.3% | +26.5% | +52.0% |
| DVNDevon Energy | Energy | 0.40% | 1.00 | 2026-10-30 NEW | +3.3% | +8.3% | -5.7% | -3.0% | -11.0% | +29.1% | +35.4% |
| WABWabtec | Industrials | 0.38% | 0.80 | 2026-08-31 | -0.2% | +9.0% | +5.5% | +3.9% | +8.6% | +42.7% | +46.6% |
| STTState Street Corporation | Financial Services | 0.38% | 1.06 | 2026-01-30 | -0.1% | +5.2% | +3.8% | -5.9% | +2.4% | +38.0% | +49.1% |
| CIENCiena Corporation | Technology | 0.37% | 2.31 | 2026-02-27 | -0.3% | +27.8% | -17.2% | -26.1% | -8.0% | +26.2% | +42.2% |
| PEverpure, Inc. | Technology | 0.36% | 0.64 | 2026-10-30 NEW | +3.1% | +17.5% | -17.7% | -2.0% | -13.5% | +63.9% | +25.5% |
| FIXComfort Systems USA, Inc. | Industrials | 0.35% | 1.43 | 2025-12-31 | -2.3% | +17.6% | -23.4% | -33.1% | -7.9% | +21.8% | +19.1% |
| TERTeradyne | Technology | 0.35% | 3.35 | 2025-11-28 | -0.4% | +24.5% | -22.8% | -30.2% | -3.5% | +37.0% | +49.7% |
| COHRCoherent, Inc. | Technology | 0.34% | 3.13 | 2026-03-31 | -0.2% | +37.9% | -6.6% | -18.6% | +11.3% | +26.8% | +48.1% |
| NTAPNetApp | Technology | 0.32% | 2.06 | 2026-06-30 | +2.1% | +10.3% | -12.9% | -3.7% | -6.2% | +77.2% | +71.9% |
| ADMArcher Daniels Midland | Consumer Defensive | 0.31% | 0.58 | 2026-10-30 NEW | +1.0% | +1.7% | -13.6% | -11.3% | -6.8% | +27.2% | +28.0% |
| BIIBBiogen | Healthcare | 0.31% | 0.99 | 2026-04-30 | -0.9% | +2.9% | +6.7% | +13.3% | -1.0% | +42.7% | +57.4% |
| ILMNIllumina, Inc. | Healthcare | 0.29% | 3.43 | 2026-09-30 | -1.2% | +1.1% | -21.5% | +2.6% | -10.9% | +60.3% | +71.5% |
| STLDSteel Dynamics | Basic Materials | 0.29% | 0.71 | 2026-05-29 | -0.2% | +7.5% | -0.9% | +3.5% | -4.9% | +41.9% | +58.2% |
| CNCCentene Corporation | Healthcare | 0.28% | 1.33 | 2026-07-31 | -0.5% | -5.4% | -0.5% | +8.4% | +2.5% | +70.5% | +98.4% |
| FLEXFlex Ltd. | Technology | 0.26% | 1.52 | 2026-06-30 | -0.9% | +17.3% | -20.5% | -30.7% | -9.5% | +29.6% | +27.3% |
| TWLOTwilio Inc. | Technology | 0.26% | 3.43 | 2026-10-30 NEW | -2.5% | +6.5% | -21.8% | -3.6% | +4.3% | +50.4% | +63.7% |
| NTRSNorthern Trust | Financial Services | 0.25% | 0.60 | 2026-08-31 | -0.3% | +4.0% | +7.7% | -3.4% | +5.3% | +32.4% | +39.6% |
| JBLJabil | Technology | 0.23% | 0.58 | 2025-06-30 | +0.2% | +9.7% | -9.7% | -19.7% | -4.9% | +13.8% | +23.0% |
| ONON Semiconductor | Technology | 0.23% | 1.13 | 2026-03-31 | +0.1% | +16.9% | -0.0% | -3.8% | +2.8% | +36.0% | +52.1% |
| DGXQuest Diagnostics | Healthcare | 0.23% | 0.55 | 2026-10-30 NEW | +0.5% | +2.1% | +8.8% | +8.0% | +3.3% | +52.4% | +40.0% |
| CPAYCorpay | Technology | 0.21% | 0.85 | 2026-10-30 NEW | -0.9% | +2.4% | +12.7% | +12.4% | +14.1% | +52.1% | +57.5% |
| EXPDExpeditors International | Industrials | 0.21% | 1.28 | 2026-07-31 | +0.5% | +3.5% | -1.6% | +4.9% | -1.7% | +31.9% | +41.6% |
| QQnity Electronics, Inc. | Technology | 0.20% | 0.63 | 2026-10-30 NEW | -2.7% | +11.9% | +3.0% | -2.2% | +5.6% | +51.1% | +28.0% |
| PFGPrincipal Financial Group | Financial Services | 0.20% | 0.73 | 2026-10-30 NEW | -1.2% | +0.4% | +4.0% | +2.2% | +1.5% | +31.6% | +38.9% |
| IFFInternational Flavors & Fragrances | Basic Materials | 0.19% | 0.56 | 2026-09-30 | -2.1% | -6.3% | -10.4% | -2.5% | -13.0% | +22.0% | +26.7% |
| VTRSViatris | Healthcare | 0.18% | 1.66 | 2026-03-31 | -0.7% | +10.2% | +14.8% | +29.7% | +9.8% | +71.9% | +93.1% |
| JBHTJ.B. Hunt | Industrials | 0.17% | 0.59 | 2026-03-31 | -0.4% | +3.8% | -3.4% | -16.6% | +2.8% | +17.6% | +36.0% |
| LUVSouthwest Airlines | Industrials | 0.17% | 0.68 | 2026-10-30 NEW | -2.8% | +1.7% | +10.7% | +9.6% | +6.5% | +10.8% | +43.8% |
| FFIVF5, Inc. | Technology | 0.16% | 1.54 | 2026-10-30 NEW | -0.3% | +2.4% | -30.1% | -16.6% | -5.7% | +25.0% | +33.8% |
| CFCF Industries | Basic Materials | 0.15% | 0.68 | 2026-08-31 | +1.8% | +5.8% | +4.7% | +5.4% | +1.7% | +64.6% | +53.0% |
| APAAPA Corporation | Energy | 0.15% | 2.22 | 2026-03-31 | +3.2% | +10.9% | +2.6% | +11.6% | -8.7% | +102.8% | +101.7% |
| ZBRAZebra Technologies | Technology | 0.15% | 0.67 | 2026-10-30 NEW | -2.8% | -1.1% | -15.7% | -10.3% | -11.9% | +31.0% | +24.7% |
| NDSNNordson Corporation | Industrials | 0.15% | 0.79 | 2026-09-30 | -0.8% | +5.2% | -0.6% | +5.7% | +1.3% | +37.1% | +39.9% |
| HSTHost Hotels & Resorts | Real Estate | 0.14% | 0.95 | 2026-10-30 NEW | -1.3% | +3.3% | +6.7% | +10.9% | +0.6% | +51.9% | +53.0% |
| CRLCharles River Laboratories | Healthcare | 0.14% | 1.22 | 2026-08-31 | -0.4% | +9.1% | +11.5% | +17.8% | -5.0% | +71.2% | +96.8% |
| RVTYRevvity | Healthcare | 0.14% | 1.15 | 2026-09-30 | -0.3% | +4.6% | +2.0% | +32.2% | +0.5% | +63.5% | +67.7% |
| IEXIDEX Corporation | Industrials | 0.14% | 0.55 | 2026-08-31 | -1.1% | +6.6% | +0.3% | +1.5% | +1.5% | +35.1% | +41.9% |
| BENFranklin Resources | Financial Services | 0.13% | 0.94 | 2026-07-31 | -1.5% | +11.0% | +13.9% | +6.3% | +13.0% | +54.9% | +64.4% |
| SWKStanley Black & Decker | Industrials | 0.13% | 0.54 | 2026-10-30 NEW | -2.1% | -1.8% | +22.1% | +14.5% | +9.5% | +57.1% | +74.7% |
| AKAMAkamai Technologies | Technology | 0.11% | 0.88 | 2026-06-30 | +0.1% | +11.5% | -6.0% | -23.1% | -6.4% | -0.5% | -4.2% |
| DVADaVita | Healthcare | 0.10% | 0.69 | 2026-10-30 NEW | -3.6% | -9.2% | -6.5% | -0.2% | -5.6% | +55.7% | +44.7% |
| HSICHenry Schein | Healthcare | 0.08% | 0.61 | 2026-10-30 NEW | -2.3% | +1.2% | -0.7% | -3.3% | +1.7% | +14.2% | +17.9% |
| BNYBank of New York Mellon Corp | Financial Services | — | 0.61 | 2026-04-30 | +0.4% | +3.9% | +8.4% | -3.6% | +4.2% | +34.3% | +40.2% |
Bottom quintile: the lowest-scoring stocks, used as the equal-weighted short leg of the spread.
| APPAppLovin Corporation | Technology | -1.54 | 2026-08-31 | -2.1% | +11.2% | +41.8% | +27.4% | +73.3% | -41.2% | -33.4% |
|---|---|---|---|---|---|---|---|---|---|---|
| APTVAptiv | Consumer Cyclical | -1.54 | 2026-08-31 | -1.5% | -5.0% | -14.1% | -20.7% | -11.7% | -49.0% | -52.4% |
| BSXBoston Scientific | Healthcare | -1.54 | 2026-03-31 | -2.3% | -1.2% | -0.1% | -15.2% | +5.0% | -53.8% | -57.0% |
| CHTRCharter Communications | Communication Services | -1.54 | 2025-08-29 | -2.5% | +5.5% | +20.8% | -12.9% | +19.1% | -36.4% | -36.5% |
| COINCoinbase Global | Financial Services | -1.54 | 2026-04-30 | -3.1% | -3.5% | -28.2% | -17.6% | -8.0% | -41.6% | -56.6% |
| CSGPCoStar Group | Real Estate | -1.54 | 2026-02-27 | -0.2% | -5.7% | -5.6% | -10.4% | +0.1% | -55.1% | -55.8% |
| FICOFair Isaac | Technology | -1.54 | 2026-02-27 | -1.8% | +1.2% | -7.1% | -38.4% | +0.6% | -57.7% | -60.2% |
| INTUIntuit | Technology | -1.54 | 2026-02-27 | -0.7% | -4.1% | +3.1% | -5.7% | -0.2% | -47.9% | -47.2% |
| NRGNRG Energy | Utilities | -1.54 | 2026-09-30 | +0.8% | +22.1% | -4.0% | -18.1% | +2.9% | -37.4% | -38.7% |
| ORCLOracle Corporation | Technology | -1.54 | 2026-07-31 | -1.0% | +10.4% | -5.4% | -11.3% | -2.7% | -33.9% | -45.4% |
| PNRPentair | Industrials | -1.54 | 2026-05-29 | -1.4% | -2.0% | +28.5% | +4.7% | +3.2% | -33.4% | -35.9% |
| PODDInsulet Corporation | Healthcare | -1.54 | 2026-04-30 | +0.0% | -3.9% | +8.2% | -0.9% | +0.3% | -47.2% | -54.0% |
| ZTSZoetis | Healthcare | -1.54 | 2025-07-31 | +0.4% | +0.9% | +6.4% | +8.8% | +4.0% | -32.6% | -29.4% |
| AXONAxon Enterprise | Industrials | -1.53 | 2026-04-30 | -2.7% | -19.8% | -26.4% | -52.5% | -28.2% | -46.0% | -46.4% |
| NKENike, Inc. | Consumer Cyclical | -1.53 | 2026-05-29 | -1.6% | -4.7% | +1.6% | -7.1% | -2.5% | -39.2% | -38.3% |
| FISFidelity National Information Services | Technology | -1.52 | 2025-09-30 | -5.6% | -3.0% | -21.1% | -29.1% | -26.0% | -55.7% | -55.4% |
| LULULululemon Athletica | Consumer Cyclical | -1.51 | 2025-08-29 | -2.8% | -6.5% | +5.5% | -12.5% | -2.6% | -49.7% | -38.5% |
| ROLRollins, Inc. | Consumer Cyclical | -1.48 | 2026-06-30 | -0.9% | -1.2% | +13.0% | +5.7% | +10.5% | -35.4% | -33.8% |
| SKYDSkydance Corporation | Communication Services | -1.45 | 2026-07-31 | -2.6% | -5.6% | +6.0% | -27.1% | -3.2% | -41.8% | -53.2% |
| TSCOTractor Supply | Consumer Cyclical | -1.42 | 2026-05-29 | -0.1% | +0.3% | +10.0% | +4.3% | +8.2% | -25.2% | -32.8% |
| NFLXNetflix | Communication Services | -1.37 | 2026-04-30 | -2.1% | -3.6% | -13.0% | -21.2% | +1.8% | -32.6% | -44.4% |
| LVSLas Vegas Sands | Consumer Cyclical | -1.31 | 2026-08-31 | -2.1% | -3.7% | +3.6% | -14.7% | +7.4% | -37.9% | -39.7% |
| CPRTCopart | Consumer Cyclical | -1.30 | 2025-10-31 | -0.9% | -1.8% | +14.9% | -5.8% | +5.9% | -18.5% | -22.9% |
| FISVFiserv, Inc. | Technology | -1.30 | 2025-08-29 | -2.9% | -1.1% | +31.5% | +19.2% | +24.1% | -7.6% | -3.4% |
| CEGConstellation Energy | Utilities | -1.29 | 2026-07-31 | +2.5% | +17.5% | +2.4% | +2.7% | +7.3% | -19.9% | -19.5% |
| WYNNWynn Resorts | Consumer Cyclical | -1.29 | 2026-08-31 | -2.9% | +4.6% | +7.8% | -17.1% | +11.1% | -30.6% | -33.6% |
| LDOSLeidos | Technology | -1.27 | 2026-06-30 | -2.0% | -3.4% | +5.8% | -10.1% | -8.3% | -26.6% | -33.1% |
| EFXEquifax | Industrials | -1.26 | 2025-12-31 | -0.5% | -3.3% | +16.3% | -2.1% | +1.6% | -12.8% | -10.8% |
| NCLHNorwegian Cruise Line Holdings | Consumer Cyclical | -1.26 | 2026-08-31 | -3.2% | +2.6% | +18.4% | +5.1% | +3.7% | -18.4% | -3.2% |
| XYLXylem Inc. | Industrials | -1.23 | 2026-08-31 | -0.9% | -5.8% | -8.8% | -18.6% | +2.0% | -30.0% | -36.2% |
| LENLennar | Consumer Cyclical | -1.22 | 2026-04-30 | -2.9% | -8.5% | +7.8% | -3.4% | -3.6% | -16.7% | -31.7% |
| DASHDoorDash | Communication Services | -1.19 | 2026-04-30 | -3.0% | -3.9% | -10.5% | -21.5% | -3.4% | -23.7% | -13.9% |
| TYLTyler Technologies | Technology | -1.17 | 2025-10-31 | -0.4% | -1.6% | +16.5% | +22.1% | +7.4% | -6.7% | -9.9% |
| CRHCRH plc | Basic Materials | -1.15 | 2026-08-31 | -1.8% | -1.0% | +14.8% | -0.2% | +4.1% | -23.4% | -14.9% |
| VSTVistra Corp. | Utilities | -1.14 | 2026-06-30 | +0.5% | +18.8% | -13.0% | -5.9% | -3.1% | -16.5% | -24.7% |
| OTISOtis Worldwide | Industrials | -1.13 | 2026-04-30 | -0.1% | -2.6% | +10.0% | +7.6% | +2.2% | -9.8% | -12.4% |
| UBERUber | Technology | -1.13 | 2026-05-29 | -2.1% | +0.6% | -2.9% | -11.4% | +6.0% | -15.3% | -26.1% |
| ADSKAutodesk | Technology | -1.12 | 2026-04-30 | -0.2% | -3.6% | +5.9% | +3.3% | +4.0% | -12.3% | -14.0% |
| FSLRFirst Solar | Energy | -1.12 | 2026-10-30 NEW | -2.4% | -11.2% | -2.8% | -21.9% | -0.4% | -33.5% | -34.2% |
| MKCMcCormick & Company | Consumer Defensive | -1.12 | 2026-02-27 | -0.8% | -7.0% | +1.9% | -16.7% | -1.5% | -29.6% | -26.6% |
| RDDTReddit, Inc. | Communication Services | -1.12 | 2026-08-31 | -5.4% | +6.5% | -37.3% | -34.1% | +8.9% | -56.5% | -52.0% |
| ADBEAdobe Inc. | Technology | -1.11 | 2024-10-31 | +0.8% | -2.8% | -4.8% | -12.1% | -4.3% | -31.6% | -28.1% |
| GISGeneral Mills | Consumer Defensive | -1.11 | 2025-06-30 | -1.0% | -7.1% | +3.0% | -13.7% | -1.2% | -22.1% | -22.4% |
| TRMBTrimble Inc. | Technology | -1.08 | 2026-06-30 | -0.4% | +4.9% | -7.8% | -5.1% | -13.4% | -28.2% | -29.3% |
| DPZDomino's | Consumer Cyclical | -1.04 | 2026-02-27 | +0.9% | -2.9% | +9.4% | -0.9% | +5.7% | -19.1% | -17.2% |
| PTCPTC Inc. | Technology | -1.04 | 2026-05-29 | +0.0% | +0.8% | +1.6% | +28.7% | +0.3% | +12.6% | +10.2% |
| ISRGIntuitive Surgical | Healthcare | -1.03 | 2026-05-29 | -1.7% | -5.6% | +3.3% | +11.2% | +2.3% | -21.9% | -22.7% |
| BRBroadridge Financial Solutions | Technology | -1.02 | 2026-02-27 | -0.4% | -0.9% | +10.4% | +9.8% | +7.4% | -12.3% | -11.8% |
| ERIEErie Indemnity | Financial Services | -1.02 | 2025-07-31 | -0.0% | -4.8% | +14.0% | +2.4% | +4.1% | -2.9% | -1.5% |
| LIILennox International | Industrials | -1.02 | 2026-08-31 | -0.6% | -0.0% | -2.7% | -16.5% | +1.3% | -27.5% | -27.6% |
| SYKStryker Corporation | Healthcare | -1.02 | 2026-05-29 | -1.5% | -6.3% | +7.1% | -7.3% | +7.6% | -9.9% | -12.7% |
| CCICrown Castle | Real Estate | -1.01 | 2026-07-31 | +0.7% | -1.4% | +12.1% | +21.9% | +1.1% | +4.9% | +0.1% |
| IBMIBM | Technology | -1.01 | 2026-09-30 | -1.2% | -0.1% | +5.5% | +4.1% | -4.2% | -14.9% | -19.7% |
| CLXClorox | Consumer Defensive | -1.00 | 2025-08-29 | +1.1% | +8.3% | +27.1% | +1.5% | +22.7% | +12.6% | +8.1% |
| NOWServiceNow | Technology | -1.00 | 2025-12-31 | -1.8% | -1.4% | -32.0% | -20.6% | -4.0% | -34.1% | -41.3% |
| AZOAutoZone | Consumer Cyclical | -0.99 | 2026-06-30 | +0.7% | -1.4% | +6.6% | +6.0% | +2.9% | -3.8% | -13.2% |
| GDDYGoDaddy | Technology | -0.97 | 2025-10-31 | -0.9% | -6.3% | +4.9% | +16.2% | -4.0% | -9.3% | -14.6% |
| HDHome Depot (The) | Consumer Cyclical | -0.97 | 2026-08-31 | -1.0% | -0.6% | +12.8% | +1.8% | +5.6% | +3.3% | -4.4% |
| HOODRobinhood Markets, Inc. | Financial Services | -0.97 | 2026-08-31 | -2.4% | +5.3% | -20.6% | -13.8% | -2.9% | -27.0% | -37.4% |
| TMUST-Mobile US | Communication Services | -0.97 | 2026-05-29 | -0.5% | +6.7% | +9.1% | -5.5% | +9.5% | -14.3% | -17.5% |
| TSLATesla, Inc. | Consumer Cyclical | -0.97 | 2026-09-30 | -0.1% | +13.6% | +7.7% | +11.2% | -2.3% | -13.2% | -11.2% |
| IPInternational Paper | Consumer Cyclical | -0.96 | 2026-09-30 | -1.6% | -0.4% | +0.0% | -16.9% | -6.2% | -10.2% | -7.0% |
| ITGartner | Technology | -0.96 | 2025-07-31 | -0.4% | -2.9% | -7.2% | -0.3% | -16.0% | -23.8% | -17.0% |
| PYPLPayPal | Financial Services | -0.96 | 2025-10-31 | -1.4% | -0.6% | +2.6% | -4.1% | +2.8% | +1.3% | -12.1% |
| BROBrown & Brown | Financial Services | -0.95 | 2025-11-28 | -0.5% | -4.5% | +4.8% | -0.4% | +2.1% | -10.0% | -10.4% |
| KKRKKR | Financial Services | -0.95 | 2025-11-28 | -2.4% | -0.6% | +11.5% | -11.6% | +3.5% | -22.9% | -18.9% |
| LOWLowe's | Consumer Cyclical | -0.95 | 2026-08-31 | -1.8% | +0.1% | +17.0% | +4.1% | +8.8% | -3.6% | -1.2% |
| MOSMosaic Company (The) | Basic Materials | -0.94 | 2026-04-30 | -3.2% | -1.1% | +16.5% | +0.2% | +20.1% | -5.8% | -11.0% |
| UHSUniversal Health Services | Healthcare | -0.94 | 2026-09-30 | -0.8% | -1.7% | +4.2% | +13.4% | +10.8% | -10.2% | -12.7% |
| MLMMartin Marietta Materials | Basic Materials | -0.93 | 2026-08-31 | -0.6% | -1.3% | +6.0% | -2.6% | -3.6% | -16.0% | -15.6% |
| PCGPG&E Corporation | Utilities | -0.93 | 2026-09-30 | -0.8% | -1.8% | +0.3% | -26.1% | -1.4% | -18.3% | -20.6% |
| BXBlackstone Inc. | Financial Services | -0.92 | 2026-06-30 | -2.3% | -0.5% | +10.2% | -17.0% | +1.6% | -19.4% | -14.4% |
| MCDMcDonald's | Consumer Cyclical | -0.92 | 2026-09-30 | -0.7% | -1.8% | +12.5% | +2.8% | +5.7% | -9.0% | -8.8% |
| ABTAbbott Laboratories | Healthcare | -0.91 | 2026-02-27 | -1.9% | -5.7% | +2.4% | -5.8% | +0.9% | -12.3% | -13.5% |
| CMCSAComcast | Communication Services | -0.91 | 2025-10-31 | -0.9% | -0.6% | +13.9% | -5.3% | +6.8% | -6.7% | -4.8% |
| BKNGBooking Holdings | Consumer Cyclical | -0.89 | 2026-10-30 NEW | +0.6% | -4.5% | -2.8% | -24.1% | +8.8% | -24.2% | -19.5% |
| SMCISupermicro | Technology | -0.89 | 2026-07-31 | -9.3% | +1.9% | -21.3% | -24.6% | -16.2% | -5.7% | -28.9% |
| ARESAres Management Corporation | Financial Services | -0.87 | 2026-03-31 | -2.8% | +0.2% | +17.6% | -5.3% | +4.6% | -14.2% | -9.3% |
| TTWOTake-Two Interactive | Technology | -0.86 | 2026-09-30 | -1.4% | +6.9% | +8.9% | -3.8% | +19.9% | -11.0% | -5.3% |
| WDAYWorkday, Inc. | Technology | -0.86 | 2025-12-31 | -0.6% | -5.1% | -3.3% | -4.2% | -3.9% | -11.5% | -16.3% |
| CMGChipotle Mexican Grill | Consumer Cyclical | -0.85 | 2026-10-30 NEW | -3.4% | -0.1% | +15.7% | +2.1% | +10.9% | -4.4% | +18.7% |
| VRSKVerisk Analytics | Industrials | -0.84 | 2025-11-28 | +0.5% | -2.1% | +10.5% | +11.3% | +5.4% | -6.8% | -2.9% |
| ROPRoper Technologies | Industrials | -0.83 | 2025-11-28 | -0.0% | -2.7% | +24.9% | +17.6% | +2.4% | +8.3% | +8.8% |
| VICIVici Properties | Real Estate | -0.83 | 2026-07-31 | -0.2% | -1.2% | +6.1% | -3.8% | +1.8% | -6.8% | -13.1% |
| COOCooper Companies (The) | Healthcare | -0.82 | 2026-10-30 NEW | -0.9% | -1.8% | +8.6% | -18.8% | +4.7% | -23.9% | -13.1% |
| IDXXIdexx Laboratories | Healthcare | -0.82 | 2026-08-31 | -0.4% | +4.4% | +27.9% | +24.5% | +27.0% | +3.5% | -1.7% |
| GEHCGE HealthCare | Healthcare | -0.81 | 2026-10-30 NEW | -0.5% | -1.9% | +16.9% | +10.2% | +7.3% | +0.4% | +12.2% |
| SPGIS&P Global | Financial Services | -0.81 | 2026-03-31 | -0.9% | -0.3% | +10.9% | +10.7% | +1.0% | -9.2% | -4.5% |
| WYWeyerhaeuser | Real Estate | -0.80 | 2026-10-30 NEW | -0.4% | -4.9% | +6.1% | -15.7% | +1.1% | -10.9% | -6.3% |
| NVRNVR, Inc. | Consumer Cyclical | -0.79 | 2026-06-30 | -1.4% | -9.3% | -2.1% | -9.4% | -2.4% | -20.3% | -20.4% |
| TDGTransDigm Group | Industrials | -0.79 | 2026-10-30 NEW | -3.1% | +1.4% | +6.3% | -1.4% | +5.1% | -9.3% | -6.8% |
| VMCVulcan Materials Company | Basic Materials | -0.79 | 2026-09-30 | -1.2% | -1.4% | +11.5% | +1.9% | +0.1% | -0.8% | -4.1% |
| NOCNorthrop Grumman | Industrials | -0.78 | 2026-10-30 NEW | -0.2% | +4.7% | +10.1% | -5.2% | -1.4% | -2.4% | -1.4% |
| AREAlexandria Real Estate Equities | Real Estate | -0.76 | 2024-12-31 | -1.4% | -1.6% | +5.0% | -10.8% | +10.5% | -5.2% | -14.1% |
| LHXL3Harris | Industrials | -0.76 | 2026-10-30 NEW | -1.5% | +5.6% | +13.3% | -1.2% | -1.8% | -6.0% | -8.2% |
| AXPAmerican Express | Financial Services | -0.75 | 2026-10-30 NEW | -1.2% | -1.8% | +1.7% | -5.8% | +0.0% | -12.8% | -12.8% |
| KMBKimberly-Clark | Consumer Defensive | -0.75 | 2026-10-30 NEW | -1.4% | -2.8% | +3.1% | -1.2% | -0.6% | +10.5% | +9.5% |
| SBACSBA Communications | Real Estate | -0.75 | 2026-10-30 NEW | -1.7% | -3.3% | +1.7% | +3.1% | -0.2% | -1.5% | -5.6% |
| AONAon | Financial Services | -0.74 | 2026-10-30 NEW | -0.7% | -2.9% | +16.9% | -3.8% | +4.2% | -4.4% | -3.5% |
| CBRECBRE Group | Real Estate | -0.74 | 2026-10-30 NEW | -1.2% | -2.5% | -1.9% | -14.3% | +3.1% | -17.3% | -14.2% |
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
Technology45.8% / 37.2%
Healthcare19.1% / 10.3%
Energy16.8% / 3.9%
Industrials9.6% / 7.5%
Basic Materials2.8% / 1.6%
Utilities1.9% / 2.4%
Financial Services1.6% / 10.9%
Consumer Cyclical1.5% / 9.7%
Consumer Defensive0.9% / 5.5%
Real Estate0.1% / 1.7%
Monthly portfolio changes
The last 12 rebalances of the long book. Turnover is the share of names newly added.
2026-10-30 24 added · 24 dropped
Added ADM, AME, CPAY, CVX, DAL, DGX, DVA, DVN, EOG, FFIV, HSIC, HST, JCI, LUV, MAR, OKE, OXY, P, PFG, Q, SWK, TRV, TWLO, ZBRA
Dropped ABNB, ALB, BG, CSX, DD, DOW, EXPE, FANG, GM, GOOGL, HAL, HUM, IBKR, INCY, IQV, IVZ, LYB, MPWR, ODFL, REGN, TECH, VRT, WAT, WBD
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