Momentum ↗
Stocks with the strongest prior price performance, excluding the most recent month.
Systematic factor / S&P 500
Value
Stocks priced cheaply relative to their earnings, book equity, and sales.
1 day vs S&P 500+1.5%relative return
20 days vs S&P 500+0.3%relative return
5-day z-score+2.17σrelative move vs trailing history
Year to date+18.4%long portfolio return
Performance
Value 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 | +0.5% | +2.4% | +0.5% | +2.6% | +4.5% | +18.4% | +24.6% |
| vs S&P 500 | +1.5% | +4.3% | +0.3% | -1.3% | +4.2% | +4.5% | +6.9% |
| Q5 − Q1 spread | +2.4% | +8.0% | +1.3% | +0.8% | +6.7% | +1.1% | +6.2% |
Inside the factor
Rebalanced 2026-09-30 · 6% of the long book is new.
Top quintile: the highest-scoring stocks. Weights below are for the cap-weighted long portfolio.
| BACBank of America | Financial Services | 5.00% | 0.92 | 2022-02-28 | -0.9% | -5.7% | -11.3% | -16.0% | -5.9% | -5.4% | +0.1% |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BRK-BBerkshire Hathaway | Financial Services | 5.00% | 0.69 | 2026-01-30 | +1.2% | +3.2% | +4.4% | +8.4% | +6.9% | +5.9% | +7.2% |
| WFCWells Fargo | Financial Services | 4.83% | 0.95 | 2019-12-31 | +1.4% | +0.4% | -2.6% | -2.1% | +4.8% | -8.5% | -0.9% |
| CCitigroup | Financial Services | 4.35% | 1.27 | 2019-12-31 | +0.9% | -4.2% | -5.7% | -5.3% | -4.0% | +8.1% | +27.2% |
| VZVerizon | Communication Services | 3.82% | 0.73 | 2025-02-28 | +0.9% | +7.5% | -5.4% | +3.8% | -0.8% | +17.3% | +18.3% |
| TAT&T | Communication Services | 3.37% | 1.31 | 2025-10-31 | -0.3% | +5.7% | -6.7% | +3.3% | -2.9% | -1.1% | -5.8% |
| CBChubb Limited | Financial Services | 2.52% | 0.70 | 2025-07-31 | +2.0% | +5.5% | +5.6% | +2.2% | +10.6% | +16.3% | +30.9% |
| PGRProgressive Corporation | Financial Services | 2.38% | 0.59 | 2026-07-31 | +2.2% | +0.5% | +2.4% | +5.6% | +5.4% | +2.2% | +2.7% |
| COFCapital One | Financial Services | 2.36% | 1.24 | 2026-02-27 | +1.5% | +1.2% | -0.3% | +1.2% | +4.5% | -15.8% | -4.8% |
| MPCMarathon Petroleum | Energy | 2.27% | 0.57 | 2026-08-31 | +0.2% | +5.1% | +12.5% | +53.5% | +20.9% | +197.4% | +164.4% |
| CVSCVS Health | Healthcare | 2.16% | 1.70 | 2019-12-31 | -0.2% | +7.2% | +4.0% | -13.6% | +7.8% | +19.1% | +18.1% |
| LOWLowe's | Consumer Cyclical | 2.03% | 0.61 | 2026-09-30 NEW | +0.9% | +6.1% | +2.5% | -2.2% | +7.1% | -16.9% | -16.6% |
| PSXPhillips 66 | Energy | 2.02% | 0.78 | 2021-03-31 | +1.4% | +5.4% | +7.3% | +42.4% | +14.8% | +131.9% | +132.9% |
| MCKMcKesson Corporation | Healthcare | 1.99% | 1.87 | 2021-11-30 | +0.6% | +7.0% | +14.9% | +22.0% | +17.7% | +22.9% | +27.4% |
| HCAHCA Healthcare | Healthcare | 1.87% | 0.67 | 2026-04-30 | -2.1% | +1.7% | +7.3% | +22.1% | +7.5% | -1.2% | +9.9% |
| USBU.S. Bancorp | Financial Services | 1.78% | 0.92 | 2023-03-31 | +2.3% | +2.9% | -1.3% | -6.4% | +1.7% | +13.2% | +31.3% |
| PNCPNC Financial Services | Financial Services | 1.78% | 0.76 | 2025-02-28 | +1.1% | +0.1% | -5.9% | -12.0% | -1.3% | +7.6% | +23.2% |
| ELVElevance Health | Healthcare | 1.67% | 1.47 | 2024-09-30 | -0.0% | +3.8% | +4.2% | +13.4% | +10.1% | +24.0% | +25.0% |
| CMCSAComcast | Communication Services | 1.55% | 2.42 | 2024-02-29 | +0.6% | +6.0% | -2.2% | +1.5% | +2.2% | -17.6% | -22.4% |
| TRVTravelers Companies (The) | Financial Services | 1.48% | 0.86 | 2025-07-31 | +1.5% | +5.6% | +4.0% | +3.9% | +9.3% | +35.8% | +46.8% |
| CICigna | Healthcare | 1.42% | 1.99 | 2019-12-31 | +1.2% | +7.0% | +9.8% | +6.2% | +11.2% | +11.7% | +5.0% |
| TGTTarget Corporation | Consumer Defensive | 1.41% | 0.64 | 2024-11-29 | -1.5% | +0.4% | -2.5% | +15.6% | -1.6% | +62.2% | +76.6% |
| GMGeneral Motors | Consumer Cyclical | 1.40% | 1.71 | 2019-12-31 | +0.4% | +1.5% | +2.1% | +4.3% | +9.0% | +3.9% | +46.5% |
| FDXFedEx | Industrials | 1.39% | 0.81 | 2026-06-30 | -0.7% | +0.6% | -3.3% | -6.6% | +3.0% | +27.2% | +56.6% |
| HONHoneywell | Industrials | 1.32% | 0.71 | 2026-07-31 | +0.4% | +1.8% | +2.4% | -13.9% | +0.2% | +4.7% | +7.7% |
| METMetLife | Financial Services | 1.21% | 0.71 | 2024-11-29 | +0.5% | +2.5% | +3.8% | +9.6% | +7.0% | +30.3% | +27.0% |
| CORCencora | Healthcare | 1.14% | 0.89 | 2021-10-29 | -0.1% | +5.3% | +10.4% | +12.0% | +13.6% | +1.5% | +7.5% |
| TFCTruist Financial | Financial Services | 1.13% | 1.50 | 2025-02-28 | +1.1% | +2.1% | -3.1% | -7.2% | +1.7% | -1.4% | +13.5% |
| ALLAllstate | Financial Services | 1.12% | 1.58 | 2024-10-31 | +3.5% | +8.0% | -0.8% | -2.2% | +11.7% | +20.8% | +26.1% |
| OXYOccidental Petroleum | Energy | 1.09% | 1.32 | 2026-05-29 | +2.8% | +3.8% | +6.0% | +8.8% | +12.8% | +53.8% | +51.9% |
| DALDelta Air Lines | Industrials | 1.07% | 0.78 | 2023-07-31 | -3.5% | -8.0% | -5.1% | -7.8% | -9.4% | +9.8% | +23.8% |
| CAHCardinal Health | Healthcare | 1.03% | 1.68 | 2020-11-30 | +0.1% | +6.9% | +13.0% | +12.7% | +14.4% | +24.8% | +64.8% |
| FFord Motor Company | Consumer Cyclical | 0.95% | 0.84 | 2019-12-31 | +1.0% | +2.1% | -5.9% | -11.2% | +3.1% | -2.1% | +10.6% |
| PYPLPayPal | Financial Services | 0.93% | 0.81 | 2026-01-30 | -0.8% | +2.1% | +8.2% | +1.5% | +7.9% | -2.0% | -15.7% |
| HUMHumana | Healthcare | 0.90% | 1.16 | 2023-12-29 | -4.4% | -4.3% | +7.0% | +4.7% | +8.3% | +62.5% | +59.3% |
| DVNDevon Energy | Energy | 0.85% | 1.02 | 2024-07-31 | +3.0% | +5.1% | +4.4% | +12.7% | +10.2% | +41.1% | +59.5% |
| EXCExelon | Utilities | 0.82% | 0.71 | 2026-06-30 | +2.4% | +4.2% | +3.4% | -7.1% | +7.7% | +2.5% | -5.7% |
| AIGAmerican International Group | Financial Services | 0.79% | 1.20 | 2025-08-29 | +2.1% | +4.8% | +7.2% | +4.0% | +8.5% | -3.8% | +1.8% |
| DHID. R. Horton | Consumer Cyclical | 0.78% | 0.84 | 2024-10-31 | -0.1% | +3.3% | +1.0% | -1.6% | +2.0% | -2.4% | -9.1% |
| ADMArcher Daniels Midland | Consumer Defensive | 0.76% | 1.29 | 2019-12-31 | -0.4% | +3.4% | -3.0% | -3.7% | +4.1% | +46.7% | +34.2% |
| SYYSysco | Consumer Defensive | 0.74% | 0.73 | 2026-03-31 | +0.1% | +5.2% | +4.8% | +1.3% | +6.2% | +14.8% | +5.6% |
| PRUPrudential Financial | Financial Services | 0.73% | 1.95 | 2024-02-29 | -0.4% | +2.5% | -2.1% | -0.5% | +2.1% | +6.7% | +18.4% |
| UALUnited Airlines Holdings | Industrials | 0.71% | 1.40 | 2023-02-28 | -5.1% | -10.6% | -11.6% | -16.7% | -13.4% | -14.1% | -7.6% |
| KRKroger | Consumer Defensive | 0.70% | 0.88 | 2023-06-30 | +1.5% | +3.2% | +6.0% | +14.9% | +8.6% | +3.6% | -5.8% |
| MTBM&T Bank | Financial Services | 0.67% | 0.92 | 2022-12-30 | -1.5% | -1.0% | -5.3% | -11.9% | -1.1% | +9.0% | +19.7% |
| HIGHartford (The) | Financial Services | 0.67% | 1.32 | 2025-06-30 | +1.7% | +4.7% | +2.5% | -4.5% | +10.4% | -0.6% | +6.9% |
| CCLCarnival | Consumer Cyclical | 0.66% | 0.77 | 2026-07-31 | -2.1% | -1.7% | +18.6% | +3.0% | +5.5% | -13.8% | -8.7% |
| ACGLArch Capital Group | Financial Services | 0.62% | 1.42 | 2024-02-29 | +2.0% | +6.0% | +4.5% | +1.2% | +9.7% | +5.6% | +13.1% |
| CNCCentene Corporation | Healthcare | 0.60% | 0.84 | 2020-05-29 | -1.9% | +5.8% | +6.2% | +8.5% | +11.3% | +68.1% | +93.2% |
| EQTEQT Corporation | Energy | 0.60% | 0.95 | 2026-04-30 | +3.5% | +2.8% | +8.6% | +2.0% | +11.8% | +2.2% | -0.9% |
| HBANHuntington Bancshares | Financial Services | 0.59% | 1.23 | 2022-03-31 | -0.5% | -0.3% | -3.8% | -11.4% | +0.1% | -9.4% | -2.2% |
| HPQHP Inc. | Technology | 0.57% | 1.98 | 2019-12-31 | -2.7% | -0.6% | -12.8% | +23.6% | -4.1% | +39.9% | +10.2% |
| PCGPG&E Corporation | Utilities | 0.53% | 1.90 | 2025-01-31 | +1.0% | -0.3% | -0.5% | -25.1% | +6.9% | -17.7% | -20.5% |
| CFGCitizens Financial Group | Financial Services | 0.53% | 1.03 | 2019-12-31 | -0.1% | -0.3% | -5.5% | -11.2% | -0.6% | +10.8% | +26.2% |
| CTSHCognizant | Technology | 0.53% | 0.78 | 2026-02-27 | +0.4% | +11.5% | +10.3% | +54.4% | +14.9% | -19.0% | +1.1% |
| DGDollar General | Consumer Defensive | 0.52% | 0.89 | 2026-03-31 | +0.4% | +5.6% | +10.3% | +17.2% | +12.9% | +3.1% | +28.8% |
| VICIVici Properties | Real Estate | 0.50% | 1.34 | 2025-05-30 | +0.6% | +3.1% | -0.5% | -8.6% | +2.7% | -11.6% | -19.3% |
| CINFCincinnati Financial | Financial Services | 0.49% | 1.29 | 2025-07-31 | +2.4% | +4.8% | +1.9% | -4.0% | +7.4% | +6.7% | +12.0% |
| SMCISupermicro | Technology | 0.49% | 1.39 | 2026-06-30 | -9.9% | -24.4% | -19.1% | +1.4% | -23.0% | +8.1% | -41.4% |
| FISVFiserv, Inc. | Technology | 0.48% | 1.84 | 2025-10-31 | +0.7% | +4.2% | +0.8% | -4.8% | +5.2% | -29.2% | -60.7% |
| SYFSynchrony Financial | Financial Services | 0.46% | 1.48 | 2021-07-30 | -0.5% | +1.2% | -1.8% | +3.1% | +3.8% | -10.6% | +3.6% |
| SWSmurfit WestRock | Consumer Cyclical | 0.46% | 0.75 | 2025-09-30 | -0.2% | -0.3% | -7.1% | -5.0% | -6.7% | +9.6% | +2.8% |
| RFRegions Financial Corporation | Financial Services | 0.46% | 1.02 | 2019-12-31 | +0.5% | +1.6% | -3.7% | -9.6% | +2.1% | +4.3% | +15.4% |
| TROWT. Rowe Price | Financial Services | 0.44% | 0.60 | 2026-07-31 | -0.4% | -4.0% | -3.1% | -11.1% | -3.0% | +2.5% | +0.5% |
| PHMPulteGroup | Consumer Cyclical | 0.44% | 0.83 | 2020-10-30 | +0.5% | +1.3% | -3.2% | -8.7% | -2.2% | -2.5% | -8.2% |
| KEYKeyCorp | Financial Services | 0.43% | 1.16 | 2025-11-28 | +0.2% | +0.1% | -3.9% | -11.2% | -0.4% | -0.3% | +17.4% |
| LLoews Corporation | Financial Services | 0.42% | 1.32 | 2019-12-31 | +1.6% | +3.6% | +2.5% | -4.4% | +5.8% | +5.1% | +10.4% |
| EIXEdison International | Utilities | 0.41% | 1.71 | 2025-01-31 | +0.5% | +1.1% | +2.8% | -28.6% | +5.8% | -1.6% | +4.1% |
| BGBunge Global | Consumer Defensive | 0.41% | 1.79 | 2023-03-31 | -0.8% | +3.3% | -8.2% | -12.7% | -0.8% | +21.3% | +17.0% |
| EXEExpand Energy | Energy | 0.40% | 1.70 | 2026-02-27 | +2.9% | +5.9% | +6.8% | +2.5% | +11.1% | -13.9% | -7.4% |
| LENLennar | Consumer Cyclical | 0.39% | 1.94 | 2019-12-31 | -0.8% | +0.5% | +1.5% | -5.5% | -4.9% | -23.3% | -35.6% |
| DOWDow Inc. | Basic Materials | 0.39% | 0.99 | 2026-06-30 | +0.9% | +5.3% | +4.2% | -2.0% | +8.7% | +32.4% | +41.4% |
| AMCRAmcor | Consumer Cyclical | 0.39% | 0.83 | 2026-08-31 | +0.2% | +5.1% | +4.7% | +4.3% | +4.8% | +9.9% | +15.6% |
| STZConstellation Brands | Consumer Defensive | 0.38% | 0.57 | 2026-09-30 NEW | +1.4% | +7.1% | +10.4% | +2.4% | +16.2% | -2.8% | -2.7% |
| BBYBest Buy | Consumer Cyclical | 0.37% | 1.05 | 2020-11-30 | -1.6% | +6.5% | -0.2% | +10.9% | +5.0% | +43.9% | +24.4% |
| FSLRFirst Solar | Energy | 0.37% | 0.59 | 2026-09-30 NEW | -3.5% | -2.9% | -11.9% | -16.2% | -1.4% | -33.9% | -29.4% |
| CFCF Industries | Basic Materials | 0.35% | 0.66 | 2026-09-30 NEW | +0.9% | +8.3% | -5.4% | -4.1% | +4.9% | +58.6% | +44.4% |
| FISFidelity National Information Services | Technology | 0.34% | 1.69 | 2026-05-29 | -0.3% | +5.8% | +1.1% | -9.0% | +9.4% | -44.1% | -43.8% |
| LDOSLeidos | Technology | 0.30% | 0.83 | 2026-05-29 | +0.7% | +2.6% | -2.2% | +13.5% | +2.5% | -30.1% | -32.3% |
| EGEverest Group | Financial Services | 0.29% | 2.08 | 2023-06-30 | +2.0% | +5.6% | +3.8% | +4.2% | +6.6% | +16.7% | +14.3% |
| APAAPA Corporation | Energy | 0.29% | 0.90 | 2024-01-31 | +4.1% | +7.1% | +9.5% | +34.9% | +18.3% | +105.7% | +118.8% |
| TSNTyson Foods | Consumer Defensive | 0.28% | 2.11 | 2019-12-31 | +1.6% | +2.8% | +4.0% | -2.4% | +8.6% | -3.9% | +7.6% |
| SWKStanley Black & Decker | Industrials | 0.27% | 0.75 | 2026-07-31 | -0.3% | +4.4% | +3.2% | +6.7% | +4.4% | +28.3% | +42.4% |
| CHTRCharter Communications | Communication Services | 0.26% | 3.03 | 2025-05-30 | +0.1% | +6.5% | -14.1% | -13.0% | -0.7% | -47.2% | -58.4% |
| TXTTextron | Industrials | 0.26% | 0.99 | 2026-05-29 | +1.0% | +2.4% | -4.7% | -18.5% | -0.4% | -12.8% | -7.9% |
| AIZAssurant | Financial Services | 0.26% | 0.82 | 2023-12-29 | +0.5% | +6.3% | +0.4% | +3.8% | +7.5% | +18.9% | +33.8% |
| GLGlobe Life | Financial Services | 0.26% | 0.62 | 2026-07-31 | +0.7% | +2.8% | -2.5% | -1.1% | +2.1% | +21.6% | +23.2% |
| MKCMcCormick & Company | Consumer Defensive | 0.24% | 1.18 | 2026-03-31 | +1.4% | +4.5% | -3.9% | -6.7% | +1.0% | -30.0% | -26.5% |
| PSKYParamount Skydance Corp | Communication Services | 0.23% | 1.16 | 2025-12-31 | +0.0% | -6.3% | -15.3% | +5.2% | -11.3% | -30.7% | -48.1% |
| DVADaVita | Healthcare | 0.22% | 1.10 | 2026-08-31 | -1.0% | +4.5% | +1.9% | -20.1% | +7.1% | +64.9% | +48.7% |
| HRLHormel Foods | Consumer Defensive | 0.22% | 0.61 | 2026-09-30 NEW | +1.0% | +7.9% | -0.5% | -17.2% | +3.9% | -9.2% | -9.0% |
| LULULululemon Athletica | Consumer Cyclical | 0.22% | 1.19 | 2026-05-29 | -2.0% | +2.8% | -1.0% | -12.2% | +0.9% | -53.3% | -41.9% |
| AESAES Corporation | Utilities | 0.21% | 1.42 | 2024-10-31 | -0.1% | +0.1% | +0.8% | +2.1% | +0.3% | +8.1% | +6.4% |
| HIIHuntington Ingalls Industries | Industrials | 0.21% | 0.80 | 2026-06-30 | +1.8% | +2.7% | -0.3% | -4.8% | +1.8% | -19.1% | -3.0% |
| UHSUniversal Health Services | Healthcare | 0.21% | 2.06 | 2024-10-31 | -1.2% | +4.4% | +4.8% | +22.5% | +6.2% | -14.8% | -9.3% |
| APTVAptiv | Consumer Cyclical | 0.18% | 1.46 | 2026-08-31 | -0.7% | +2.4% | +2.9% | -20.0% | +4.3% | -41.0% | -46.4% |
| MGMMGM Resorts | Consumer Cyclical | 0.15% | 1.11 | 2026-08-31 | -3.0% | -2.3% | -24.4% | -36.4% | -7.9% | -21.6% | -11.1% |
| CTVA | — | 0.15% | 2.83 | 2026-09-30 NEW | +0.0% | -2.7% | +6.6% | -85.5% | +10.6% | -80.7% | -79.0% |
| MOSMosaic Company (The) | Basic Materials | 0.14% | 1.24 | 2022-05-31 | -0.7% | +0.4% | -23.1% | -14.8% | -13.1% | -19.7% | -34.5% |
| NCLHNorwegian Cruise Line Holdings | Consumer Cyclical | 0.13% | 1.33 | 2026-07-31 | -2.2% | -3.3% | +6.6% | -19.6% | +2.7% | -32.6% | -36.2% |
Bottom quintile: the lowest-scoring stocks, used as the equal-weighted short leg of the spread.
| LITELumentum Holdings Inc. | Technology | -1.51 | 2026-03-31 | -5.2% | -25.3% | -11.5% | -1.1% | -15.2% | +123.6% | +426.4% |
|---|---|---|---|---|---|---|---|---|---|---|
| MRNAModerna | Healthcare | -1.48 | 2025-12-31 | -7.8% | -3.1% | +41.5% | +282.3% | +13.2% | +639.3% | +686.5% |
| GILDGilead Sciences | Healthcare | -1.20 | 2026-08-31 | -0.8% | +3.3% | +4.0% | +20.0% | +4.8% | +29.5% | +35.3% |
| INTCIntel | Technology | -1.16 | 2026-04-30 | -5.8% | -14.2% | -17.3% | -10.4% | -25.3% | +143.5% | +141.9% |
| CRWDCrowdStrike | Technology | -1.14 | 2024-06-28 | -7.0% | -17.3% | -4.3% | +24.0% | -14.1% | +94.0% | +86.0% |
| BEBloom Energy Corporation | Industrials | -1.11 | 2026-09-30 NEW | -6.3% | -21.1% | -16.7% | +1.8% | -20.1% | +154.7% | +89.8% |
| DDOGDatadog | Technology | -1.09 | 2025-07-31 | -7.2% | -15.7% | +7.5% | +1.1% | -9.8% | +81.7% | +54.4% |
| PLTRPalantir Technologies | Technology | -1.07 | 2024-09-30 | -7.2% | -11.0% | +4.7% | +50.8% | -0.5% | +4.7% | +3.6% |
| TTWOTake-Two Interactive | Technology | -1.06 | 2023-05-31 | -2.0% | -3.8% | -0.1% | -10.8% | -1.1% | -19.8% | -21.5% |
| PANWPalo Alto Networks | Technology | -1.05 | 2023-06-30 | -7.6% | -18.3% | -5.9% | +5.0% | -13.9% | +85.7% | +65.5% |
| PEverpure, Inc. | Technology | -1.04 | 2026-09-30 NEW | -7.0% | -19.7% | +19.1% | +64.9% | -5.2% | +85.1% | +34.0% |
| IBKRInteractive Brokers Group | Financial Services | -1.03 | 2025-08-29 | -3.9% | -5.9% | -8.8% | -9.8% | -3.2% | +29.0% | +19.0% |
| TSLATesla, Inc. | Consumer Cyclical | -1.03 | 2020-12-31 | -2.1% | -7.3% | -2.6% | +11.0% | -0.0% | -21.1% | -18.5% |
| AMDAdvanced Micro Devices | Technology | -1.02 | 2025-06-30 | -5.9% | -13.1% | -5.5% | -2.0% | -13.6% | +146.9% | +121.6% |
| COINCoinbase Global | Financial Services | -1.00 | 2026-07-31 | -5.8% | -3.5% | -10.9% | +7.4% | -7.1% | -23.4% | -48.5% |
| FTNTFortinet | Technology | -0.97 | 2024-08-30 | -7.0% | -13.2% | -0.4% | +11.6% | -5.4% | +113.0% | +102.4% |
| LRCXLam Research | Technology | -0.97 | 2025-09-30 | -4.9% | -17.2% | -8.3% | -17.4% | -19.7% | +54.6% | +83.2% |
| MPWRMonolithic Power Systems | Technology | -0.97 | 2026-01-30 | -3.1% | -12.7% | -0.4% | -13.2% | -10.1% | +34.3% | +20.9% |
| STXSeagate Technology | Technology | -0.97 | 2026-01-30 | -7.5% | -18.4% | -25.5% | -30.0% | -30.7% | +132.8% | +193.0% |
| CRLCharles River Laboratories | Healthcare | -0.96 | 2026-05-29 | -2.0% | -0.5% | +7.9% | +30.9% | +1.7% | +50.5% | +75.8% |
| MRVLMarvell Technology, Inc. | Technology | -0.96 | 2026-06-30 | -5.6% | -17.2% | -6.7% | +8.9% | -13.8% | +168.5% | +156.7% |
| AXONAxon Enterprise | Industrials | -0.95 | 2023-05-31 | -6.5% | -7.7% | -12.8% | -20.7% | -7.6% | -31.3% | -39.5% |
| ANETArista Networks | Technology | -0.94 | 2021-10-29 | -4.6% | -18.3% | -11.2% | +0.2% | -13.1% | +35.1% | +23.4% |
| KLACKLA Corporation | Technology | -0.94 | 2023-10-31 | -5.0% | -15.2% | -6.4% | -24.1% | -15.0% | +36.9% | +53.3% |
| CIENCiena Corporation | Technology | -0.92 | 2026-02-27 | -6.7% | -26.0% | -4.6% | -18.4% | -5.4% | +42.3% | +97.2% |
| TERTeradyne | Technology | -0.92 | 2025-08-29 | -5.3% | -19.3% | -12.5% | -13.0% | -18.9% | +68.1% | +130.9% |
| CDNSCadence Design Systems | Technology | -0.91 | 2020-03-31 | -1.5% | -9.4% | +12.9% | -3.3% | -3.2% | +2.2% | -1.4% |
| NOWServiceNow | Technology | -0.90 | 2019-12-31 | -4.4% | +0.8% | +4.8% | +54.4% | +5.9% | -7.3% | -21.4% |
| VRTVertiv Holdings Co | Industrials | -0.87 | 2026-03-31 | -3.9% | -15.0% | -17.2% | -32.1% | -14.5% | +27.5% | +14.5% |
| AVGOBroadcom | Technology | -0.86 | 2023-05-31 | -4.5% | -9.1% | -7.9% | -16.1% | -6.4% | -4.5% | -5.7% |
| GLWCorning Inc. | Technology | -0.86 | 2025-06-30 | -4.6% | -15.8% | -12.1% | -15.3% | -14.1% | +51.5% | +53.7% |
| MRKMerck & Co. | Healthcare | -0.86 | 2026-08-31 | +0.5% | +0.2% | -0.6% | +12.5% | +0.4% | +41.5% | +78.6% |
| AAPLApple Inc. | Technology | -0.85 | 2021-11-30 | +0.4% | +2.0% | +2.2% | +6.9% | +3.1% | +26.7% | +38.3% |
| HOODRobinhood Markets, Inc. | Financial Services | -0.85 | 2025-09-30 | -4.9% | -9.3% | -17.5% | -2.7% | -12.1% | -12.6% | -26.3% |
| HWMHowmet Aerospace | Industrials | -0.85 | 2024-07-31 | +0.6% | -1.9% | -3.8% | -23.0% | -2.3% | +7.9% | +15.2% |
| ILMNIllumina, Inc. | Healthcare | -0.85 | 2026-09-30 NEW | -2.0% | -5.6% | +9.6% | +33.4% | -4.1% | +100.2% | +182.3% |
| LLYLilly (Eli) | Healthcare | -0.85 | 2021-05-28 | +0.4% | +6.6% | +9.0% | +6.2% | +8.6% | +17.5% | +53.0% |
| ABBVAbbVie | Healthcare | -0.84 | 2023-02-28 | +0.7% | +3.9% | +8.8% | +11.8% | +9.8% | +28.6% | +29.9% |
| AMATApplied Materials | Technology | -0.83 | 2025-10-31 | -4.8% | -19.3% | -7.9% | -27.2% | -20.0% | +59.8% | +80.8% |
| MCHPMicrochip Technology | Technology | -0.83 | 2025-02-28 | -0.5% | -2.2% | +0.8% | -8.7% | -5.0% | +17.9% | +16.2% |
| TPLTexas Pacific Land Corporation | Energy | -0.83 | 2024-11-29 | +1.3% | -2.8% | -0.5% | -17.4% | +7.7% | +22.7% | +14.1% |
| TXNTexas Instruments | Technology | -0.83 | 2024-04-30 | -0.9% | -2.6% | +3.7% | -2.5% | -1.3% | +62.0% | +61.8% |
| ARESAres Management Corporation | Financial Services | -0.82 | 2026-08-31 | -1.5% | -4.2% | -9.3% | -6.5% | -3.4% | -28.1% | -22.6% |
| DASHDoorDash | Communication Services | -0.82 | 2025-03-31 | -2.0% | -3.7% | -2.0% | +11.4% | +3.0% | -16.5% | -30.6% |
| WBD | — | -0.82 | 2026-08-31 | +0.0% | +0.2% | +9.6% | +16.4% | +0.0% | +7.4% | +60.9% |
| APDAir Products | Basic Materials | -0.81 | 2026-07-31 | +1.0% | +6.5% | +6.1% | +2.5% | +8.4% | +24.5% | +19.5% |
| EQIXEquinix | Real Estate | -0.81 | 2019-12-31 | -1.0% | -3.9% | -3.5% | -4.2% | -2.5% | +30.7% | +22.5% |
| IDXXIdexx Laboratories | Healthcare | -0.81 | 2019-12-31 | +2.4% | +8.2% | +9.5% | +3.9% | +7.3% | -17.2% | -12.3% |
| KEYSKeysight Technologies | Technology | -0.81 | 2025-08-29 | -3.2% | -13.5% | -1.1% | +1.9% | -9.0% | +63.0% | +100.9% |
| MAMastercard | Financial Services | -0.79 | 2019-12-31 | +0.2% | +4.8% | +9.4% | +16.6% | +12.1% | +8.8% | +10.4% |
| MTDMettler Toledo | Healthcare | -0.79 | 2026-07-31 | -1.0% | +4.7% | +16.5% | +21.8% | +7.4% | +16.4% | +24.4% |
| BXBlackstone Inc. | Financial Services | -0.78 | 2023-09-29 | -2.4% | -6.7% | -14.7% | -13.5% | -4.9% | -28.7% | -32.3% |
| CTASCintas | Industrials | -0.78 | 2021-10-29 | +0.3% | +5.6% | +8.1% | +5.4% | +9.6% | +14.5% | +15.2% |
| FASTFastenal | Industrials | -0.78 | 2023-02-28 | +1.3% | +0.5% | +4.1% | +11.2% | +3.0% | +29.2% | +23.4% |
| ISRGIntuitive Surgical | Healthcare | -0.78 | 2019-12-31 | -0.3% | +0.7% | +8.5% | +28.5% | +4.9% | -24.7% | -2.1% |
| APHAmphenol | Technology | -0.77 | 2025-03-31 | -2.6% | -9.0% | +2.5% | +0.9% | -5.9% | +18.3% | +27.7% |
| IRMIron Mountain | Real Estate | -0.77 | 2022-03-31 | -0.1% | -1.8% | -1.6% | -9.0% | +1.4% | +38.8% | +10.0% |
| FIXComfort Systems USA, Inc. | Industrials | -0.76 | 2025-12-31 | -2.9% | -16.1% | -12.9% | -21.4% | -13.0% | +54.4% | +72.3% |
| GEGE Aerospace | Industrials | -0.76 | 2025-01-31 | +0.6% | +1.8% | +0.0% | -9.9% | +0.6% | +2.3% | +5.1% |
| MSIMotorola Solutions | Technology | -0.76 | 2023-02-28 | +1.5% | +4.3% | +1.0% | +14.1% | +3.9% | +21.8% | +6.7% |
| VVisa Inc. | Financial Services | -0.76 | 2019-12-31 | +0.7% | +4.5% | +9.3% | +14.7% | +12.0% | +15.5% | +17.4% |
| WSTWest Pharmaceutical Services | Healthcare | -0.76 | 2026-04-30 | +0.3% | +4.9% | +6.0% | +8.1% | +3.6% | +39.9% | +46.5% |
| ROKRockwell Automation | Industrials | -0.75 | 2025-05-30 | +1.0% | -1.5% | +2.5% | -7.2% | -2.1% | +10.6% | +22.7% |
| COHRCoherent, Inc. | Technology | -0.74 | 2026-03-31 | -7.1% | -25.5% | -26.6% | -25.6% | -19.1% | +26.2% | +110.9% |
| ELEstée Lauder Companies (The) | Consumer Defensive | -0.74 | 2025-01-31 | -2.5% | +6.6% | +11.9% | +31.2% | +12.7% | +0.9% | +11.3% |
| NVDANvidia | Technology | -0.74 | 2019-12-31 | -1.4% | -6.6% | -3.7% | +2.7% | -6.2% | +15.1% | +19.4% |
| TECHBio-Techne | Healthcare | -0.74 | 2025-06-30 | +0.1% | +0.1% | +0.3% | +1.2% | +0.1% | +23.9% | +22.5% |
| VEEVVeeva Systems Inc. | Healthcare | -0.74 | 2026-08-31 | -0.9% | +4.8% | +19.3% | +72.8% | +8.7% | +39.0% | +8.0% |
| ABNBAirbnb | Consumer Cyclical | -0.73 | 2025-12-31 | -0.3% | +4.7% | +4.5% | +26.3% | +8.1% | +28.0% | +39.8% |
| ADIAnalog Devices | Technology | -0.73 | 2025-08-29 | -2.1% | -2.6% | +5.2% | +4.3% | -0.3% | +47.1% | +68.1% |
| LYVLive Nation Entertainment | Communication Services | -0.73 | 2026-07-31 | -1.2% | +0.1% | +2.0% | -3.1% | +0.7% | +19.7% | +9.8% |
| MCOMoody's Corporation | Financial Services | -0.73 | 2019-12-31 | +0.3% | +4.5% | +3.5% | +2.9% | +6.8% | -4.4% | +2.2% |
| PWRQuanta Services | Industrials | -0.73 | 2026-01-30 | -1.6% | -10.5% | -0.7% | -3.3% | -1.6% | +49.8% | +44.7% |
| CATCaterpillar Inc. | Industrials | -0.72 | 2026-01-30 | -0.7% | -8.7% | -9.7% | -18.3% | -9.9% | +28.3% | +38.1% |
| MNSTMonster Beverage | Consumer Defensive | -0.72 | 2025-02-28 | +0.9% | +4.8% | +2.3% | -2.2% | +9.9% | +19.3% | +33.2% |
| WELLWelltower | Real Estate | -0.72 | 2025-02-28 | +0.1% | +4.2% | +2.6% | -4.6% | +2.0% | +27.9% | +38.3% |
| ETNEaton Corporation | Industrials | -0.71 | 2026-03-31 | -2.8% | -8.9% | -7.9% | -5.5% | -8.9% | +23.9% | +3.6% |
| DXCMDexcom | Healthcare | -0.70 | 2026-07-31 | -1.9% | +2.3% | -3.7% | +22.1% | -0.3% | +29.6% | +31.5% |
| JNJJohnson & Johnson | Healthcare | -0.69 | 2026-09-30 NEW | +0.9% | -2.2% | -5.3% | -0.9% | -3.5% | +25.5% | +36.7% |
| NTAPNetApp | Technology | -0.69 | 2026-07-31 | -5.1% | -14.1% | +3.3% | +24.1% | -2.8% | +93.2% | +70.4% |
| CLColgate-Palmolive | Consumer Defensive | -0.68 | 2026-02-27 | +1.6% | +6.6% | +7.6% | +4.5% | +10.3% | +21.3% | +24.3% |
| CVNACarvana Co. | Consumer Cyclical | -0.68 | 2025-12-31 | -2.9% | -7.7% | -9.7% | -2.3% | -5.9% | -30.3% | -17.2% |
| HLTHilton Worldwide | Consumer Cyclical | -0.68 | 2026-02-27 | +0.6% | +5.7% | +12.9% | +7.8% | +8.5% | +20.3% | +30.4% |
| RDDTReddit, Inc. | Communication Services | -0.67 | 2026-08-31 | -2.0% | -2.4% | +3.5% | -7.5% | +9.6% | -32.1% | -22.2% |
| WATWaters Corporation | Healthcare | -0.67 | 2026-09-30 NEW | -1.6% | +0.7% | +3.6% | +14.3% | -0.6% | +15.0% | +31.4% |
| APPAppLovin Corporation | Technology | -0.66 | 2025-09-30 | -4.7% | -3.9% | -13.6% | -33.3% | -8.4% | -60.5% | -55.8% |
| GEVGE Vernova | Utilities | -0.66 | 2026-09-30 NEW | -0.6% | -8.3% | -2.0% | -10.7% | -3.1% | +41.2% | +49.9% |
| TTTrane Technologies | Industrials | -0.66 | 2026-02-27 | +0.3% | -3.8% | +6.9% | -4.1% | +1.5% | +18.7% | +9.7% |
| AMGNAmgen | Healthcare | -0.65 | 2026-06-30 | -0.4% | +4.2% | +12.2% | +17.1% | +2.6% | +34.8% | +49.5% |
| CSCOCisco | Technology | -0.65 | 2026-04-30 | -2.2% | -9.3% | -1.6% | -4.4% | +0.2% | +42.0% | +57.3% |
| EWEdwards Lifesciences | Healthcare | -0.65 | 2026-04-30 | -1.7% | +1.6% | -1.9% | +3.3% | +0.3% | +1.6% | +18.7% |
| MSFTMicrosoft | Technology | -0.65 | 2026-08-31 | -1.9% | -1.1% | +7.1% | +38.9% | +3.1% | +10.1% | +3.9% |
| ODFLOld Dominion | Industrials | -0.65 | 2026-01-30 | -0.6% | +3.2% | +8.5% | -18.5% | +8.0% | +20.2% | +39.9% |
| FFIVF5, Inc. | Technology | -0.64 | 2026-09-30 NEW | -3.2% | -7.9% | +2.3% | +13.9% | -0.7% | +73.2% | +33.6% |
| TRMBTrimble Inc. | Technology | -0.64 | 2026-08-31 | -2.5% | -1.1% | +3.3% | +18.1% | +4.1% | -24.1% | -24.5% |
| WDAYWorkday, Inc. | Technology | -0.64 | 2026-07-31 | -3.0% | +2.3% | -1.6% | +49.2% | +0.2% | -11.2% | -18.7% |
| ECLEcolab | Basic Materials | -0.63 | 2026-06-30 | -0.7% | +2.5% | +7.2% | +10.1% | +5.2% | +10.9% | +6.7% |
| MMM3M | Industrials | -0.63 | 2026-06-30 | -0.4% | +3.0% | -0.7% | -2.4% | +0.4% | +4.4% | +9.3% |
| PHParker Hannifin | Industrials | -0.63 | 2026-06-30 | +0.2% | +0.1% | +2.1% | -2.1% | +0.8% | +10.3% | +31.6% |
| MUMicron Technology | Technology | -0.62 | 2026-09-30 NEW | -5.6% | -14.6% | -13.5% | -11.2% | -17.5% | +208.2% | +358.4% |
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 Value is defined
The score averages earnings-to-price, book-to-price, and sales-to-price z-scores. Fundamentals use trailing-twelve-month earnings and revenue; book equity must be positive.
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
Financial Services44.0% / 11.8%
Healthcare13.2% / 9.1%
Communication Services9.2% / 10.6%
Consumer Cyclical8.5% / 9.1%
Energy7.9% / 3.3%
Consumer Defensive5.7% / 4.8%
Industrials5.2% / 7.2%
Technology2.7% / 38.7%
Utilities2.0% / 2.2%
Basic Materials0.9% / 1.4%
Real Estate0.5% / 1.6%
Unknown0.1% / 0.1%
Monthly portfolio changes
The last 12 rebalances of the long book. Turnover is the share of names newly added.
2026-09-30 6 added · 6 dropped
Added CF, CTVA, FSLR, HRL, LOW, STZ
Dropped AFL, BLDR, LUV, PFG, TAP, VLO
2026-08-31 8 added · 7 dropped
Added AFL, AMCR, APTV, DVA, LUV, MGM, MPC, PFG
Dropped BEN, DIS, ES, FOXA, NWSA, SOLV, STT
2026-07-31 7 added · 7 dropped
Added CCL, GL, HON, NCLH, PGR, SWK, TROW
Dropped ACN, AMCR, CF, GIS, MPC, PFG, ZBH
2026-06-30 10 added · 11 dropped
Added ACN, CF, DIS, DOW, EXC, FDX, FOXA, HII, SMCI, TAP
Dropped CAG, CPB, DVA, EPAM, FITB, GL, HRL, HSIC, NCLH, PGR, SWK
2026-05-29 7 added · 7 dropped
Added FIS, LDOS, LULU, NCLH, OXY, PGR, TXT
Dropped CCL, DIS, FDX, GPN, LUV, SMCI, TROW
2026-04-30 6 added · 6 dropped
Added EPAM, EQT, HCA, LUV, VLO, ZBH
Dropped APTV, CDW, DELL, KDP, TXT, UNH
2026-03-31 9 added · 9 dropped
Added AMCR, APTV, CCL, DG, HRL, KDP, MKC, SYY, TXT
Dropped BNY, CTRA, EXC, FOXA, HPE, MOH, MTCH, OXY, VLO
2026-02-27 11 added · 11 dropped
Added BLDR, BNY, CDW, COF, CTSH, DIS, ES, EXE, FOXA, MTCH, SMCI
Dropped BIIB, DOW, EOG, FANG, IVZ, OMC, SWKS, SYY, TXT, XYZ, ZBH
2026-01-30 6 added · 6 dropped
Added BRK-B, HPE, PYPL, SWKS, TXT, ZBH
Dropped BLDR, CF, COP, LW, OKE, PFE
2025-12-31 8 added · 8 dropped
Added BIIB, BLDR, EXC, LW, OKE, PFE, PSKY, TROW
Dropped DG, HAL, HPE, HRL, LKQ, MHK, NCLH, TXT
2025-11-28 8 added · 8 dropped
Added CF, DELL, HAL, KEY, NCLH, SOLV, UNH, XYZ
Dropped AMCR, BIIB, EMN, LUV, OKE, PFE, PSKY, TAP
2025-10-31 7 added · 7 dropped
Added FISV, LUV, NWSA, OKE, SYY, T, TXT
Dropped HAL, KMX, LYB, MGM, SLB, UNH, UPS