Buffett-style framework

ONEOK, Inc.

• Competence
• Moat
• Management
• Financials
• Price

AIEQ has been accumulating ONEOK, raising its weight from 2.71% to 2.87% over three increases in October, while PQUS holds only a token 0.12%. That conflicts with the Fail verdict, since the framework sees thin margin of safety and unproven financial strength where the AI appears to be responding to momentum, income, or sector signals.

ALPHABET INC-CL A

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs are split: AIUP made a new entry at about 4.6% and BUZZ accumulated heavily through mid-October, while PQUS, AIEQ and LQAI have been trimming weights steadily. The buyers' enthusiasm for quality and momentum matches the framework's view on moat and returns, but it conflicts with the Fail verdict on margin of safety, and the trimmers are closer to that price discipline.

LINDE PLC

• Competence
• Moat
• Management
• Financials
• Price

AIEQ has been accumulating, lifting its weight from 0.59% to 0.62% over late October, and QRFT and PQUS also hold smaller positions. That conflicts with a Buffett-style Fail verdict driven by valuation, since the framework likes the business but sees no discount to a conservative estimate of intrinsic value. The AIs appear to be backing quality and earnings stability, while the framework would wait for a lower price.

WELLTOWER INC

• Competence
• Moat
• Management
• Financials
• Price

AIEQ is accumulating, lifting its weight from 1.00% to 1.08% over two recent increases, which conflicts with the Fail verdict. The fund appears to be following the strong 37.6% revenue growth and momentum, while the framework focuses on low returns on equity and the absence of a discount to value.

FASTENAL CO

• Competence
• Moat
• Management
• Financials
• Price

AIEQ and LQAI are both accumulating Fastenal, with AIEQ now at about 2.19% and LQAI at about 1.46% after several consecutive increases. That conflicts with a Buffett-style read, which respects the business quality but rejects the valuation. The AI buying looks like momentum or quality-factor following, not price discipline.

VERTEX PHARMACEUTICALS INCORPORATED

• Competence
• Moat
• Management
• Financials
• Price

AIEQ has been accumulating Vertex, lifting its weight from 0.57% to 0.59% over two consecutive days, while QRFT and PQUS hold smaller stakes. That conflicts with this framework's Fail verdict, since the AI models appear to be rewarding momentum, growth and quality factors while the Buffett-style read objects to the lack of a margin of safety at current valuation.

Bio-Techne Corp

• Competence
• Moat
• Management
• Financials
• Price

AIEQ is slowly accumulating, adding 0.03pp to reach a 1.42% weight, which signals mild conviction in a recovery in life-science tools demand. The Buffett-style read conflicts with this, because a sub-10% ROE, stagnant revenue and a very high multiple fail both the financial-health and margin-of-safety tests. The tiny size of the increase suggests the AI is making a modest, momentum or sector-based bet rather than a value call.

WEST PHARMACEUTICAL SERVICES INC

• Competence
• Moat
• Management
• Financials
• Price

AIEQ has been accumulating West almost daily from 2026-10-14 to 2026-10-23, lifting its weight from 1.40% to 1.52%, while LQAI and QRFT hold only token positions. That buying conflicts with a Buffett-style read, which respects the business and its moat but fails it on margin of safety at roughly 49 times earnings. The AIs appear to be backing momentum and quality, whereas the framework would want a much lower price.

DAVITA INC

• Competence
• Moat
• Management
• Financials
• Price

AIEQ is accumulating DaVita, lifting its weight by 0.02pp to 0.31% on 2026-10-23, while QRFT holds only a token 0.04% position. This conflicts with the Fail verdict, since the framework objects to the leverage-inflated ROE and the lack of a clear margin of safety, though the small position sizes suggest the AIs are making a modest, valuation-driven bet rather than a high-conviction one.

EXPEDIA GROUP, INC.

• Competence
• Moat
• Management
• Financials
• Price

AIUP opened a new 4.11% position on 2026-10-23, and PQUS has been nudging its small 0.21% weight higher, so the AI ETFs are entering and accumulating. That conflicts with a Buffett-style Fail, because the AIs seem to be rewarding the cheap multiples and growth while the framework puts more weight on moat durability and a consistent return record. QRFT's tiny 0.07% stake is too small to signal conviction either way.

CHARLES RIVER LABORATORIES INTERNATIONAL INC.

• Competence
• Moat
• Management
• Financials
• Price

AIUP opened a new position on 2026-10-22 at about 4.0% and added to it the next day to 4.63%, so it is actively accumulating, while QRFT holds only a token 0.03%. That conflicts with this Buffett-style Fail verdict, which rests on negative ROE and no margin of safety, so the AI buying looks like a bet on a cyclical recovery in biotech demand rather than on proven earning power.

FORTIVE CORP

• Competence
• Moat
• Management
• Financials
• Price

AIVL has been accumulating Fortive for three straight sessions, taking it to about 2.13% of the fund, while AIEQ and QRFT hold only token positions of 0.06% and 0.05%. That buying conflicts with this Buffett-style Fail verdict, since the valuation is rich and the returns on equity are weak. AIVL may be looking through the revenue drop to a cleaner post-spin business, but the numbers shown do not support that view.

TEXTRON INC

• Competence
• Moat
• Management
• Financials
• Price

AIVL has been gradually accumulating Textron through most of the past two weeks, lifting its weight to about 0.60%, with one small trim on October 14, while QRFT holds only a token 0.04% position. This steady buying conflicts with a Fail verdict, since the framework sees a modest moat, below-threshold returns on equity and no obvious discount. The position is small enough to look like a valuation-screen tilt rather than high-conviction ownership.

ResMed Inc.

• Competence
• Moat
• Management
• Financials
• Price

AIVL has been gradually accumulating RMD over several consecutive sessions in October, lifting its weight to about 0.26%, and PQUS also holds it at 0.37%. This buying conflicts with a Fail verdict that rests on the lack of a margin of safety, although the AI funds may be weighting quality and momentum more than price.

CARNIVAL CORP LTD

• Competence
• Moat
• Management
• Financials
• Price

AIVL has been mixed, accumulating on October 20 and 21 before trimming 0.0667pp on October 23 to a 1.50% weight, while LQAI has been adding, reaching 1.10% on October 20, and PQUS holds only a token 0.04%. The framework's Fail verdict conflicts with the modest buying, which seems driven by the low PER and strong recent earnings rather than by moat or balance sheet strength. AIVL's recent trim is the move closest to this read.

COPART INC

• Competence
• Moat
• Management
• Financials
• Price

AIVL holds a small 0.64% position and has been alternating between trimming and adding, most recently accumulating with increases on Oct 16 and Oct 23 after cuts on Oct 12 and 13. The modest, choppy sizing reads as tentative conviction rather than a strong value call, which is broadly consistent with a framework verdict that likes the business but not the price.

Omnicom Group Inc.

• Competence
• Moat
• Management
• Financials
• Price

AIVL is slightly accumulating OMC, lifting its weight by 0.0073pp to 0.2654%, which is a very small position and barely a conviction signal. This conflicts with the Fail verdict, since the framework sees weak returns on equity and no margin of safety at the current price. The AI may be looking through merger-distorted earnings to normalized cash flow, which this framework cannot confirm from the data given.

American Tower Corporation (REI

• Competence
• Moat
• Management
• Financials
• Price

AIVL holds a tiny 0.27% position and has been trimming and adding in small steps (down on Oct 20 and 21, up on Oct 23), which is essentially noise rather than conviction. That ambivalence broadly matches a Fail verdict driven by leverage and valuation, though the framework would argue against adding at these multiples.

ABBOTT LABORATORIES

• Competence
• Moat
• Management
• Financials
• Price

AIVL holds a small 0.248% position and has been nudging it up and down in tiny steps, with a mild net accumulation trend in mid-to-late October. That is a modest, maintenance-style stance that disagrees with the Fail verdict only mildly, since the position is too small to be a real conviction bet against the valuation and returns concerns.

Erie Indemnity

• Competence
• Moat
• Management
• Financials
• Price

AIEQ has been gradually accumulating ERIE over the past several sessions, lifting its weight from 0.99% to 1.06%, a small but persistent buying pattern. This conflicts with the Buffett-style read, which likes the business quality but fails the margin of safety at roughly 19 times earnings and almost 6 times book. The AI appears to be rewarding quality and momentum, while the framework wants a lower entry price.

HERSHEY FOODS CORP

• Competence
• Moat
• Management
• Financials
• Price

AIEQ is accumulating Hershey, lifting its weight from 0.90% to 0.92% over the past few sessions, which is a small but consistent vote of confidence. That conflicts with this framework's Fail verdict, since the business quality is acceptable but the price demands a recovery in earnings that is not yet visible. The AI may be betting on a cocoa-cost normalization and margin rebound, which is a forecast rather than a margin of safety.

F5, INC.

• Competence
• Moat
• Management
• Financials
• Price

AIEQ has been trimming FFIV for three straight sessions, from 1.99% to 1.91%, while QRFT holds only a token 0.06% position. The gradual reduction fits the Fail verdict, since a Buffett-style read objects to the price and not the quality of the business, but the trims are small and AIEQ still treats FFIV as a meaningful holding, so the agreement is partial.

HOWMET AEROSPACE INC.

• Competence
• Moat
• Management
• Financials
• Price

AMOM and AIEQ are holding and mostly adding to Howmet (AMOM 1.71%, AIEQ 1.30%, QRFT 0.24%), with small, mixed weight changes in October that show momentum accumulation rather than conviction. That conflicts with the Fail verdict, which rests on valuation rather than business quality: the AIs are following price strength while a margin-of-safety lens sees little cushion.

META PLATFORMS INC-CLASS A

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs are mostly accumulating or holding: AIUP has been steadily adding and now holds 15.78%, and BUZZ has been increasing, while AIEQ, PQUS, and LQAI have been trimming slightly. This bullish tilt conflicts with a Buffett-style Fail on price, since the buying leans on momentum and growth rather than a discount to intrinsic value, though the trimming by several funds is closer to the framework's caution.

Alphabet Inc.

• Competence
• Moat
• Management
• Financials
• Price

AIEQ has been trimming its position over recent sessions (down to 2.78%), which leans toward the price-based caution in this verdict, while PQUS has been gradually accumulating (up to 2.33%), which conflicts with it. The moves are small, so both ETFs are essentially holding a core position and neither is making a strong valuation call.

CARRIER GLOBAL CORP.

• Competence
• Moat
• Management
• Financials
• Price

AIEQ holds a sizable 1.96% position and has been trading around it, trimming 0.04pp on Oct 8 and adding 0.03pp on Oct 18, which amounts to holding with minor accumulation. QRFT and PQUS hold only token weights. This conflicts with the Fail verdict, since the AI's mild accumulation at a very high multiple is not supported by a margin of safety or by current returns on equity.

MONSTER BEVERAGE CORP

• Competence
• Moat
• Management
• Financials
• Price

All four AI ETFs (LQAI, PQUS, AIEQ, QRFT) hold the stock, and in mid-October LQAI, PQUS and AIEQ were accumulating, with PQUS adding a large +0.56pp early in the month. That conflicts with a Buffett-style Fail on price: the funds appear to be rewarding momentum and quality, while the framework says the valuation leaves no cushion.

ELI LILLY & CO

• Competence
• Moat
• Management
• Financials
• Price

AMOM, PQUS and LQAI have all been accumulating LLY in October 2026, with AMOM at 5.55% and PQUS at 2.44% of their portfolios, which fits momentum and quant signals that reward rapid growth. A Buffett-style read disagrees because the stock is a high-quality business bought at a price that offers no cushion, so the AIs are buying strength while the framework is demanding a discount.

SERVICENOW INC.

• Competence
• Moat
• Management
• Financials
• Price

AIUP exited NOW on 2026-10-14 and re-entered two days later at a 4.67% weight, while BUZZ was gradually accumulating before a sudden cut on 2026-10-15 and LQAI and AIEQ hold only token positions. This mix of conviction and churn conflicts with a Fail verdict built on valuation and sub-15% ROE, and the AIUP round trip looks like momentum or rebalancing rather than value-driven buying.

OLD DOMINION FREIGHT LINE INC

• Competence
• Moat
• Management
• Financials
• Price

AIEQ holds ODFL at 0.82% and has been nudging the weight up and down, most recently adding 0.04pp after trimming 0.03pp, while QRFT holds a token 0.10%. This small, mildly accumulating stance is a bet on a freight recovery and conflicts with the Fail verdict, which rests on valuation rather than business quality.

CINTAS CORP

• Competence
• Moat
• Management
• Financials
• Price

PQUS has been gradually accumulating, lifting its weight from 0.61% to 0.68% in October after a brief trim, and AIEQ holds a token 0.05%. This conflicts with the framework verdict, since the AI buying looks driven by quality and momentum signals while a Buffett-style read sees a premium valuation with no margin of safety.

APPLE INC

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs are mostly accumulating Apple: PQUS has added in recent sessions (+0.26pp to 6.68%), AIVL has been creeping up to about 4.28%, and LQAI and AIEQ have nudged weights higher, while QRFT holds the largest position at 9.11%. BUZZ made a sudden cut of 1.12pp after earlier adds, a rare dissent. This accumulation agrees with the framework on business quality but conflicts with the price stage, since the framework would wait for a much lower entry point.

QUANTA SERVICES INC

• Competence
• Moat
• Management
• Financials
• Price

AMOM is holding and slowly adding (1.79% weight, a small increase on 2026-10-12), which is a momentum bet that conflicts with a valuation-based Fail. AIUP entered at 4.77% on 2026-10-09 and fully exited by 2026-10-16, a quick reversal that suggests the AIs lack conviction and agrees with the framework's caution on price. QRFT and PQUS hold only tiny positions.

AMAZON.COM INC

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs are mostly adding or holding: AIUP is gradually accumulating, BUZZ made a sudden large increase of about 0.55pp, and QRFT holds the largest weight at 5.45%. AIVL, the value-oriented fund, has been trimming for several sessions, and AIEQ and PQUS are also drifting lower, which fits the Buffett-style Fail on margin of safety more than the momentum-driven buying does.

CROWDSTRIKE HOLDINGS INC - A

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs are mostly trimming: PQUS, AIUP, AIVL and AIEQ all cut weight in mid-October, even though AIUP initiated a 4.45% position on 2026-10-13 and has been reducing it since. Earlier accumulation by BUZZ, AMOM, PQUS and AIVL has faded into selling. The trimming partly agrees with the Fail verdict on valuation, but the large and still-held positions, especially AIUP at 4.28% and AMOM at 2.55%, conflict with a framework that sees no margin of safety.

NASDAQ INC

• Competence
• Moat
• Management
• Financials
• Price

AIVL holds a roughly 2.06% position and has been making small adjustments, with weight up 0.0277pp on Oct 16, down 0.0426pp on Oct 14, and up 0.0170pp on Oct 12, which amounts to holding steady rather than conviction buying. QRFT's 0.11% stake is minimal. The AI ETFs' willingness to hold a quality compounder contrasts with the framework's Fail verdict on price, though the two agree that the business itself has a strong moat.

Automatic Data Processing, Inc.

• Competence
• Moat
• Management
• Financials
• Price

AIVL has been accumulating ADP almost daily through mid-October, lifting its weight from about 0.277% to 0.291%, while PQUS holds a smaller 0.24% position. The buying conflicts with a Fail verdict driven by valuation, although it fits the strength of the business on competence, moat and returns. The positions are small, so this looks like a quality-oriented tilt and not a high-conviction bet on a discount.

COMCAST CORP A

• Competence
• Moat
• Management
• Financials
• Price

AIVL holds about 2.0% and has been gradually accumulating in mid-October after trimming in early October, while LQAI holds a small 0.48% position and nudged it up, so both lean toward owning the stock. A Buffett-style read disagrees on quality grounds: the cheap valuation is attractive but the eroding moat and sub-15% ROE fail the framework, making this a low-multiple bet rather than a wonderful-company purchase.

Cboe Global Markets, Inc.

• Competence
• Moat
• Management
• Financials
• Price

AIEQ is raising its weight (now 0.64%) and AIVL entered on 2026-10-02 and has been accumulating since (now about 0.32%), so both are buying steadily. That conflicts with a Fail verdict driven by price, since a value-oriented fund buying at 5x book and 21x earnings is paying for quality rather than getting a discount. The moat and returns support their interest, but the margin-of-safety test does not.

UBER TECHNOLOGIES INC.

• Competence
• Moat
• Management
• Financials
• Price

AIEQ is the main holder at 3.71% and has been accumulating, with a sudden +1.98pp jump on October 1 followed by small trims and a small re-add on October 11, while BUZZ and PQUS hold small positions with minor adjustments. This conflicts with the Buffett-style Fail, because the AI funds are treating Uber as a growth and momentum position while the framework's ten-year ROE and owner earnings test is not satisfied by such a short record of profitability.

BERKSHIRE HATHAWAY B

• Competence
• Moat
• Management
• Financials
• Price

AIEQ has been accumulating, with a large step-up of roughly 2.3 percentage points around October 1-2 to a weight near 3.7%, while PQUS has been trimming and re-adding in small increments around 2.2% and LQAI holds a token 0.17%. The accumulation by AIEQ conflicts with this strict-threshold Fail on ROE, though it agrees with the framework's view that the business quality and price are reasonable, so the disagreement hinges mainly on the return-on-equity test.

VISA INC-CLASS A SHARES

• Competence
• Moat
• Management
• Financials
• Price

PQUS is holding Visa at 0.82% of its portfolio, after a sharp cut of 0.30pp on 2026-10-01 and a small 0.03pp rebuild on 2026-10-09. That is a trim followed by modest accumulation, so it is a cautious position rather than a conviction buy. The business quality fits the framework, but the price does not give a margin of safety, so the verdict disagrees with any buying and only loosely agrees with the earlier trim.

HILTON WORLDWIDE HOLDINGS INC

• Competence
• Moat
• Management
• Financials
• Price

AIEQ has been accumulating Hilton, with a +1.39pp jump on 2026-10-01 and a further small increase on 2026-10-11 that lifted it to about 1.96%, while QRFT and PQUS hold only token positions and LQAI exited on 2026-09-29. This accumulation conflicts with the Fail verdict because AIEQ is paying a premium multiple with no margin of safety, though it fits the view that the business quality is high. LQAI's exit is the more price-disciplined signal.

MASTERCARD INC A

• Competence
• Moat
• Management
• Financials
• Price

AIEQ has been accumulating Mastercard, taking its weight to 3.80% with a large +2.21pp jump on 2026-10-01 and further small additions on 10-09 and 10-11, while PQUS holds only a token 0.04%. That accumulation agrees with the framework on business quality (circle of competence, moat, owner earnings) but conflicts with the price stage, since a Buffett-style read sees no margin of safety at the current valuation.

VERISIGN INC

• Competence
• Moat
• Management
• Financials
• Price

AIEQ has been accumulating Verisign, lifting its weight from roughly 0.05% to 1.22% after a large jump on 2026-10-01 and further additions through 2026-10-11, while QRFT holds only a token 0.06%. That buying conflicts with a Buffett-style Fail, which rests on valuation rather than business quality, so the AI may be rewarding the moat and cash generation while the framework sees no margin of safety.

Roper Technologies, Inc.

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs are mostly adding or entering: AIVI opened a new position and then increased it, AIEQ made a small new entry, and PQNT holds the largest weight at 1.46% while trimming slightly. AIVL is the one reducing, after a large cut on 2026-10-02 that left only a small residual position. The accumulation conflicts with this framework's Fail verdict, which rests on the sub-15% ROE, but it agrees with the view that the business is high quality and not expensive.

DOLLAR GENERAL CORP

• Competence
• Moat
• Management
• Financials
• Price

AIVI is trimming its position, with four consecutive weight-decrease signals from late September to October 9 that took it from about 1.41% to 1.23%. That gradual exit lines up with the Fail verdict, since the framework also sees no margin of safety at the current price, though the framework's objection is valuation rather than business quality, and the trims are small enough to read as rebalancing rather than conviction.

KINDER MORGAN INC

• Competence
• Moat
• Management
• Financials
• Price

AIVL and LQAI have been steadily accumulating KMI through early October, PQUS has nudged its weight up, and QRFT and AIEQ hold only tiny positions. That buying conflicts with a Buffett-style Fail, since the sub-15% ROE and lack of a clear discount to intrinsic value argue for patience rather than adding, although the moat and predictability are the kind of qualities that explain the appeal to a value-oriented fund like AIVL.

MICROSOFT CORP

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs are mostly buying: AIUP made a new entry on 2026-09-28 and has kept adding, AIVL has accumulated steadily (its weight rose by roughly 1.5pp), and PQUS, LQAI and BUZZ have been nudging weights up, while only AIEQ trimmed (-1.25pp) and LQAI had one sharp cut. That conflicts with this framework's Fail, which rests on valuation rather than business quality, since the AIs seem to be paying for quality and growth and a Buffett-style read wants a bigger discount.

NISOURCE INC

• Competence
• Moat
• Management
• Financials
• Price

AIVL still holds about 2.06% of NI but has been trimming, with a sudden large cut on 2026-10-02 and mostly small decreases since, and AIEQ exited entirely on 2026-10-01. This direction agrees with the Fail verdict, since the framework sees thin returns on equity and a full price. AIVL's remaining position and QRFT's small 0.06% holding show the AIs still value the defensive, predictable cash flows that this framework acknowledges but does not find cheap enough.

WELLS FARGO & CO

• Competence
• Moat
• Management
• Financials
• Price

AIVL has been mixed, trimming in late September and early October before adding +0.0395pp on 2026-10-09 to reach 1.53%, while PQUS added +0.03pp to 0.98% the same day, and LQAI exited entirely on 2026-09-29. The accumulation by AIVL and PQUS conflicts with a Fail verdict that rests on sub-15% ROE and no obvious discount, though LQAI's exit and AIVL's earlier trims are more consistent with this read. The small size of the moves suggests rebalancing rather than strong conviction either way.

PPG Industries, Inc.

• Competence
• Moat
• Management
• Financials
• Price

AIVL holds PPG at about 1.95% and has been trimming it, with weight decreases on 2026-10-08 and 2026-10-09 after small increases in late September and early October. That gradual reduction broadly agrees with a Fail verdict that finds a middling moat and no clear margin of safety, though the moves are small and look like rebalancing rather than a decisive exit.

MOODY'S CORP

• Competence
• Moat
• Management
• Financials
• Price

AIVL holds MCO at about 0.52% and has been nudging the weight both ways, trimming in late September and early October before adding slightly on October 6 and 9, while PQUS holds a small 0.25% position. This tentative accumulation fits the business quality the framework recognizes, but it conflicts with the Fail verdict, which rests on the lack of a margin of safety at current multiples.

CENTERPOINT ENERGY INC

• Competence
• Moat
• Management
• Financials
• Price

AIVL still holds CNP at about 1.6% but has been trimming, including a sudden drop of roughly 0.43pp on 2026-10-02 and another cut of about 0.44pp on 2026-10-05, while AIEQ keeps only a token 0.05% stake. LQAI exited fully on 2026-09-29. This direction of travel broadly agrees with a Fail verdict built on mediocre ROE and a rich valuation, though AIVL's remaining position shows the AI is not fully convinced the stock is unattractive.

CME GROUP INC A

• Competence
• Moat
• Management
• Financials
• Price

AIVL is accumulating CME, with a small weight increase of +0.0046pp to 0.2008%, while PQUS (0.49%) and AIEQ (0.05%) hold it. The buying conflicts with a framework read that likes the business but fails it on margin of safety, because the current multiples already price in strong trading volumes. The move is tiny, so it reads as a modest quality-tilt rather than a high-conviction valuation call.

Snap-On Incorporated

• Competence
• Moat
• Management
• Financials
• Price

AIEQ made a sudden large jump into Snap-on on October 1 and 2, lifting the weight from near zero to about 2.5%, and has trimmed it each day since (October 7 to 9) to 2.40%, while PQUS holds a token 0.16%. A Buffett-style read agrees with the quality of the business but not with a large allocation at this price, so AIEQ's early trimming is roughly consistent with the thin margin of safety, even though the position is still sizable.

EQUINIX INC

• Competence
• Moat
• Management
• Financials
• Price

AIEQ made a large jump into EQIX around October 1-2, taking the weight from near zero to about 0.65%, then trimmed it slightly to 0.63%, while QRFT holds a small 0.22% position. This accumulation conflicts with the Fail verdict, since the AI appears to be buying on momentum and growth themes such as AI-driven data center demand, whereas a Buffett-style read objects to the valuation and the sub-par ROE. The small size and the early trim suggest the conviction is modest.

NETFLIX INC

• Competence
• Moat
• Management
• Financials
• Price

AIEQ is the largest holder at about 4.3% and has been accumulating again in the last two sessions (+0.11pp and +0.23pp) after a sharp trim of roughly 1.7pp across 1-3 October, while BUZZ (0.88%) is also nudging its weight up and PQUS holds a small 0.51% position. The AI funds are net buyers of a momentum-driven, well-liked name, which conflicts with a Buffett-style Fail on margin of safety, even though they agree the business itself is high quality. The volatile AIEQ weighting suggests a trading-oriented view rather than a long-term owner's stance.

T-MOBILE US INC

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs are accumulating: AIEQ lifted its weight from about 0.7% to 1.55% in early October, AIVL opened a new position on October 2 and has added since, and PQUS holds a small stake. This conflicts with the Fail verdict, since the buying suggests the models see momentum, growth or relative value, while a Buffett-style read sees a fair price with no margin of safety on a leveraged business.

Mid-America Apartment Communiti

• Competence
• Moat
• Management
• Financials
• Price

AI ETF AIEQ recently made a substantial increase in its holding of MAA, followed by a slight decreasing trend. This initial accumulation contrasts with a Buffett-style assessment that identifies significant financial weaknesses and a lack of margin of safety, leading to a 'Fail' verdict.

SALESFORCE, INC.

• Competence
• Moat
• Management
• Financials
• Price

AI ETFs show mixed activity with recent entries and increased weightings in Salesforce by some, suggesting a perceived investment or trading opportunity. This contrasts with the value-investing framework's 'Fail' verdict, which is driven by the strict requirement for comprehensive data on management, financial health, and margin of safety that was not available.

DTE ENERGY CO

• Competence
• Moat
• Management
• Financials
• Price

Several AI ETFs are currently holding DTE, with AIVI showing a mixed trend of minor weight increases and decreases, indicating continued engagement with the stock. This contrasts with the 'Fail' verdict from the value-investing framework, primarily due to DTE's Return on Equity falling short of stringent financial health criteria. The AI's models may be prioritizing other factors such as sector allocation, dividend stability, or short-term tactical plays over the long-term compounding power emphasized in this analysis.

SYNOPSYS INC

• Competence
• Moat
• Management
• Financials
• Price

While one AI ETF (AIVL) recently entered a position in Synopsys, another (AIEQ) simultaneously exited, indicating mixed algorithmic sentiment. My analysis, however, concludes a 'Fail' verdict primarily due to the company's financial health and valuation, which contrasts with AIVL's decision to initiate a stake.

MSCI INC

• Competence
• Moat
• Management
• Financials
• Price

AI ETFs, specifically AIVL, have recently initiated a position in MSCI, with other AI funds also holding the stock. This activity stands in contrast to the Buffett-style framework's verdict, which concludes as a "Fail" primarily due to the current valuation not offering a sufficient margin of safety.

PENTAIR PLC

• Competence
• Moat
• Management
• Financials
• Price

The AI ETF AIVL's recent activity shows an exit from Pentair PLC. This action aligns with the framework's overall 'Fail' verdict, suggesting that both the algorithmic analysis and the Buffett-style approach did not find the company suitable for investment based on available information or criteria.

L3HARRIS TECHNOLOGIES INC

• Competence
• Moat
• Management
• Financials
• Price

The framework's 'Fail' verdict for L3Harris, primarily due to insufficient financial performance, suggests a cautious stance. This contrasts with some AI ETFs like QRFT and PQUS maintaining holdings, though other AI ETFs such as AIVL and LQAI have recently shown exit signals or decreasing trends, aligning more with a cautionary view.

THE HARTFORD INSURANCE GROUP, INC.

• Competence
• Moat
• Management
• Financials
• Price

AI ETFs AIVL and PQUS show positive sentiment, with AIVL making a new entry and PQUS holding HIG. However, a Buffett-style analysis concludes 'Fail' because critical data points on management, financial health, and margin of safety are insufficient to confirm a sound investment.

AMETEK INC

• Competence
• Moat
• Management
• Financials
• Price

AI ETFs, specifically AIVL, have been gradually accumulating AMETEK shares over recent days, indicating a positive outlook on the company. This stands in direct contrast to the framework's 'Fail' verdict, which highlights concerns regarding the lack of sufficient financial data to affirm health and the seemingly stretched valuation.

C.H. ROBINSON WORLDWIDE INC

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs, AIVL and QRFT, show either accumulation or holding patterns for C.H. Robinson, suggesting a positive or neutral outlook. This stands in contrast to the value-investing framework's "Fail" verdict, which is primarily driven by the absence of a clear margin of safety and insufficient financial history to confirm long-term health.

IDEX CORP

• Competence
• Moat
• Management
• Financials
• Price

AI ETFs like AIVL are showing a gradual accumulation trend for IDEX, indicating a positive sentiment or algorithmic buy signal. This action directly contrasts with the Buffett-style framework's 'Fail' verdict. The framework highlights significant concerns regarding the company's financial health and the absence of a sufficient margin of safety at its current valuation, suggesting a disagreement between the AI's assessment and a conservative value-investing approach.

ALTRIA GROUP INC

• Competence
• Moat
• Management
• Financials
• Price

AI ETFs show mixed activity, with several holding Altria and recent trends including both decreases and a sudden large increase in weight by LQAI. This mixed sentiment contrasts with our framework's verdict to fail the company, primarily due to insufficient data to fully assess financial health and a margin of safety, making it uninvestable under this rigorous value-investing approach.

Veeva Systems

• Competence
• Moat
• Management
• Financials
• Price

AIEQ recently showed a trend of increasing its position in Veeva Systems, suggesting a positive outlook or a growth-oriented strategy by that AI ETF. In contrast, AIUP completely exited its position, indicating a neutral or bearish stance. The value-investing framework, however, identifies a 'Fail' for Veeva due to unassessable management, insufficient financial data to confirm health, and a lack of margin of safety, aligning more with AIUP's cautious move while diverging from AIEQ's accumulation.

AFLAC INC

• Competence
• Moat
• Management
• Financials
• Price

AI ETF AIEQ has shown a recent trend of decreasing its weight in AFLAC, suggesting a cautious or negative sentiment. This contrasts with the 'Pass' assessment for the company's business model and moat but aligns with the overall 'Fail' verdict, which is driven by an inability to confirm fundamental quality aspects like management and financial health due to insufficient data.

US BANCORP

• Competence
• Moat
• Management
• Financials
• Price

The analysis yields a 'Fail' verdict for US Bancorp primarily due to concerns about financial health and insufficient data to confirm critical financial metrics. This contrasts with AIVL's most recent action, which indicates an increasing weight trend for USB. However, LQAI's consistent trend of decreasing its weight aligns more closely with the cautious 'Fail' assessment.

INTERACTIVE BROKERS GROUP A

• Competence
• Moat
• Management
• Financials
• Price

The recent activity from AI ETFs shows a mixed signal for Interactive Brokers, with AIUP initially entering and accumulating, but both AIUP and AMOM recently exhibiting decreasing weight trends. This recent selling trend by the AI ETFs somewhat aligns with the value-investing framework's 'Fail' verdict, which primarily stems from the very high valuation multiples and unconfirmed financial health metrics.

DANAHER CORPORATION

• Competence
• Moat
• Management
• Financials
• Price

AI ETFs are actively accumulating Danaher, with AIVL showing a consistent weight increase trend, indicating a positive outlook. In contrast, the Buffett-style framework concludes with a 'Fail' verdict, primarily due to the company's recent low Return on Equity and its high valuation, suggesting fundamental concerns that conflict with the AI's bullish stance.

BANK OF AMERICA CORP

• Competence
• Moat
• Management
• Financials
• Price

AI ETFs AIVL, PQUS, and QRFT currently hold Bank of America, with AIVL showing recent fluctuating but overall increased weight, indicating a mixed to positive sentiment from these funds. This activity contrasts with the framework's "Fail" verdict, which identifies concerns primarily in the financial health of the company. The AI's assessment appears to diverge from a conservative value investing approach that prioritizes a high average return on equity.

CHIPOTLE MEXICAN GRILL INC

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs, specifically AIVL and LQAI, show a consistent trend of decreasing their weight in Chipotle. This activity aligns with our value-investing framework's 'Fail' verdict, which is primarily driven by the absence of a margin of safety at the current elevated price.

OTIS WORLDWIDE CORP

• Competence
• Moat
• Management
• Financials
• Price

AI ETF AIVL has shown mixed activity with slight weight decreases recently, while both AIVL and LQAI maintain small holdings. This contrasts with the framework's 'Fail' verdict, which is driven by insufficient data to confirm the company's financial health and a defensible margin of safety, rather than any identified fundamental flaw in the business itself.

REGIONS FINANCIAL CORP

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs, specifically LQAI, are showing a consistent trend of decreasing their weight in Regions Financial Corp over several days. This activity suggests a cautious or bearish sentiment from the AI's perspective, possibly indicating a belief that the company's prospects are deteriorating or that its valuation is less attractive. This aligns with the 'Fail' verdict derived from the Buffett-style framework, particularly given the concern over the company's financial health as indicated by its ROE.

TE CONNECTIVITY PLC

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs, particularly AIEQ, have been gradually accumulating TE Connectivity, indicating a positive view on the company's prospects. This contrasts sharply with the framework's verdict of "Fail," which is driven by an inability to confirm critical financial health metrics and a clear margin of safety with the provided data. The AIs' actions suggest they find value, while a strict value investing lens cannot validate it.

DOMINO'S PIZZA INC

• Competence
• Moat
• Management
• Financials
• Price

AI ETF AIEQ is showing a trend of decreasing its weight in Domino's Pizza. This cautious action by the AI aligns with the framework's 'Fail' verdict, which indicates the company is not currently a compelling investment based on the available information.

Casey's

• Competence
• Moat
• Management
• Financials
• Price

The AI ETF AIEQ has maintained a position in Casey's, showing a recent minor accumulation trend after a larger reduction. This action contrasts with a Buffett-style value investing framework, which concludes the company currently fails due to concerns about financial health and a lack of margin of safety at its present valuation.

TELEDYNE TECHNOLOGIES INC

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs, specifically AIVL, have been gradually accumulating Teledyne Technologies, signaling a positive outlook and increasing their exposure. This contrasts with the framework's 'Fail' verdict, which is primarily driven by the company's recent Return on Equity failing to meet the minimum threshold and an unfavorable valuation.

CSX CORP

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs, specifically AIVL, have shown a trend of decreasing weight in CSX, indicating a negative sentiment or an exiting strategy. This aligns with the value-investing framework's 'Fail' verdict, as both suggest CSX is not an attractive investment at its current valuation and financial health metrics. The AI's selling action is consistent with a traditional value-investor's concern over valuation and leverage.

PFIZER INC

• Competence
• Moat
• Management
• Financials
• Price

The AI ETF activity presents a mixed picture, with AIVL showing an increasing weight trend while BUZZ exited and LQAI decreased its allocation. This contrasts with a Buffett-style "Fail" verdict, as the framework flags Pfizer's poor financial health and lack of margin of safety, suggesting some AI funds might be betting on future improvements or growth catalysts not reflected in current fundamentals.

PHILIP MORRIS INTERNATIONAL

• Competence
• Moat
• Management
• Financials
• Price

AI ETFs show mixed engagement, with QRFT and AIVL holding positions, and AIVL demonstrating recent minor weight decrease trends. This framework's 'Fail' verdict, primarily due to financial health concerns and lack of margin of safety at current prices, suggests a more cautious stance than indicated by the ETFs' continued holdings, although AIVL's recent trend aligns with caution.

MEDTRONIC PLC

• Competence
• Moat
• Management
• Financials
• Price

AI ETF AIVL has shown a mixed pattern of gradual accumulation followed by recent decreases in its weight for Medtronic, indicating a lack of strong conviction or ongoing re-evaluation. This contrasts with a Buffett-style framework's clear 'Fail' verdict, which would advise against investment due to significant concerns regarding financial health, despite the company's strong competitive position.

RAYMOND JAMES FINANCIAL INC

• Competence
• Moat
• Management
• Financials
• Price

AI ETFs AIEQ and PQUS currently hold Raymond James Financial, with AIEQ showing a weight decrease trend. This contrasts with the Buffett-style analysis which yields a 'Fail' verdict primarily due to the inability to confirm the company's financial health with the provided data.

AT&T INC

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs, particularly AIEQ, are showing an accumulating trend and a substantial recent increase in their AT&T holdings. This contrasts with the framework's "Fail" verdict, which identifies significant concerns regarding management's historical capital allocation and the company's persistent debt burden.

CHUBB LIMITED

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs are actively accumulating CHUBB, with AIEQ showing a significant increase in its weight, indicating a positive outlook on the company. This contrasts with the framework's verdict of 'Fail,' which is due to insufficient data to fully assess key areas like management quality, comprehensive financial health, and the presence of a margin of safety.

CENTENE CORP

• Competence
• Moat
• Management
• Financials
• Price

AI ETFs like AIVL are showing signs of gradual accumulation and weight increases in Centene, suggesting a positive outlook or belief in a turnaround. This contrasts sharply with the framework's "Fail" verdict, which is driven by significant concerns about the company's current financial health, specifically its negative return on equity. While some AI funds are accumulating, others like AMOM have recently exited, indicating mixed signals among the algorithms.

PROCTER & GAMBLE CO/THE

• Competence
• Moat
• Management
• Financials
• Price

AIVL shows a consistent trend of increasing its weight in Procter & Gamble, suggesting the AI identifies it as a holding or accumulating opportunity. This contrasts with the framework's 'Fail' verdict, which is driven by an absence of a margin of safety at the current price, though AIEQ's large decrease aligns more with valuation concerns.

EVERSOURCE ENERGY

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs, LQAI and AIVL, have shown recent trends of decreasing their weight in Eversource Energy, aligning with a Buffett-style "Fail" verdict for the company. While AIVL showed a brief increase, the overall recent trend across both ETFs is a reduction in holdings, suggesting a bearish or cautious outlook that is consistent with the framework's concerns about financial health and valuation.

AGILENT TECHNOLOGIES INC.

• Competence
• Moat
• Management
• Financials
• Price

AI ETF AIVL had recently accumulated shares but subsequently executed a full exit, while AIEQ also shows a trend of decreasing its weight in Agilent. This aligns with the framework's 'Fail' verdict, which primarily stems from the lack of a sufficient margin of safety at current prices.

MERCK & CO. INC.

• Competence
• Moat
• Management
• Financials
• Price

AI ETF AIUP has shown highly volatile activity with frequent entries, exits, and significant weight changes for Merck, indicating a focus on short-term trading signals. This contrasts sharply with the framework's verdict of 'Fail,' which is based on a long-term fundamental assessment of financial health and valuation, suggesting a disagreement on the investability of Merck over an extended horizon.

HCA HEALTHCARE INC

• Competence
• Moat
• Management
• Financials
• Price

The AI ETF AIEQ currently holds HCA Healthcare, but recent activity shows a trend of decreasing its weight in the company. This cautious stance by the AI ETFs, particularly the recent selling trend, aligns with the framework's 'Fail' verdict, which highlights significant data gaps in assessing the company's financial health and valuation.

GE HEALTHCARE TECHNOLOGIES INC.

• Competence
• Moat
• Management
• Financials
• Price

AI ETF AIEQ is showing a recent trend of decreasing its weight in GEHC, indicating a move to reduce exposure to the company. This action aligns with the framework's 'Fail' verdict, as both analyses suggest caution regarding the stock's current investment attractiveness.

ACCENTURE PLC A

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs, PQUS and LQAI, show recent trends of increasing their holdings in Accenture, indicating a positive sentiment or an accumulation strategy based on their algorithms. In contrast, a Buffett-style value investing framework cannot conclude a "Pass" for ACN due to insufficient data to assess management, full financial health, and a crucial margin of safety.

CISCO SYSTEMS INC

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs show mixed to positive activity with AMOM increasing its weight and BUZZ making a new entry, indicating an optimistic outlook or a focus on momentum. This contrasts with the framework's "Fail" verdict, which is driven by a lack of margin of safety at the current high valuation, suggesting the AI's actions may not align with a value-oriented approach to price.

ILLINOIS TOOL WORKS INC

• Competence
• Moat
• Management
• Financials
• Price

The AI ETF PQUS is showing a decreasing weight trend in ILLINOIS TOOL WORKS, which aligns with the framework's "Fail" verdict due to the stock's elevated valuation. This suggests the AI's action is consistent with a value investor's concern about the lack of a sufficient margin of safety at current prices.

CAPITAL ONE FINANCIAL CORP

• Competence
• Moat
• Management
• Financials
• Price

The AI ETF PQUS is showing a weight decrease trend in Capital One, which aligns with the value investing framework's 'Fail' verdict. This indicates that the AI's recent activity suggests a diminishing conviction or negative outlook on the company, mirroring the framework's concerns about financial health.

JOHNSON & JOHNSON

• Competence
• Moat
• Management
• Financials
• Price

AI ETFs like QRFT, PQUS, LQAI, and AIEQ currently hold Johnson & Johnson, suggesting a positive view by their algorithms, with PQUS showing recent minor adjustments in weight. This stance contrasts with a Buffett-style "Fail" verdict, which is primarily driven by the absence of a margin of safety at JNJ's current market valuation, suggesting the price paid may not reflect a conservative estimate of intrinsic value. While the company exhibits strong fundamental qualities, its price negates a conservative investment opportunity for a value investor.

LOWE'S COS INC

• Competence
• Moat
• Management
• Financials
• Price

The AI ETF PQUS has shown a recent trend of decreasing its weight in Lowe's. This aligns with the 'Fail' verdict derived from a Buffett-style framework, which highlights concerns about financial health and the absence of a clear margin of safety. Both perspectives suggest a cautious or negative outlook on the stock at its current valuation.

HUNTINGTON BANCSHARES INC.

• Competence
• Moat
• Management
• Financials
• Price

Some AI ETFs (LQAI, QRFT) currently hold Huntington Bancshares, suggesting perceived value, while another (PQUS) recently exited. This contrasts with our framework's 'Fail' verdict, which is driven by the company's insufficient Return on Equity and lack of a compelling margin of safety under current conditions.

CUMMINS INC

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs, specifically PQUS and QRFT, are currently holding Cummins, with PQUS recently establishing a new position. This AI activity, indicating perceived value or momentum, directly contrasts with the framework's 'Fail' verdict, which identifies significant concerns regarding financial health and the absence of a margin of safety.

CoStar Group, Inc.

• Competence
• Moat
• Management
• Financials
• Price

One AI-managed ETF, PQUS, recently exited its position in CoStar Group, which aligns with this framework's 'Fail' verdict due to financial health and valuation concerns. However, AIEQ maintains a small holding, suggesting some AI interest remains despite the identified fundamental issues.

Broadridge Financial Solutions,

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs, AIEQ and PQUS, currently hold Broadridge, with AIEQ showing a consistent weight increase trend, suggesting a positive outlook. In contrast, the Buffett-style framework, while recognizing potential business strengths, cannot issue a 'Pass' verdict due to insufficient financial data for a comprehensive assessment of financial health, management quality, and margin of safety.

TAPESTRY, INC

• Competence
• Moat
• Management
• Financials
• Price

AI-managed ETF PQUS shows a clear trend of decreasing its weight in Tapestry, Inc. This action aligns with a Buffett-style 'Fail' verdict, suggesting a shared cautious outlook on the company. The AI's reduction in exposure is consistent with a valuation and financial health assessment that finds the company unattractive for investment.

RTX CORP

• Competence
• Moat
• Management
• Financials
• Price

Recent AI ETF activity shows a predominant weight decrease trend from PQUS and AIVL, which aligns with the framework's 'Fail' verdict. The framework's concerns about financial health and the lack of a margin of safety suggest that the current price may not justify accumulation, as some AI ETFs have recently demonstrated by reducing their holdings.

Marsh & McLennan Cos Inc

• Competence
• Moat
• Management
• Financials
• Price

AI ETF PQUS is showing a recent trend of increasing its weight in Marsh & McLennan, signaling an accumulation strategy for the stock. This activity contrasts with our framework's 'Fail' verdict, which is primarily driven by valuation concerns and a lack of complete financial and management data to fully confirm long-term investment viability.

AutoZone, Inc.

• Competence
• Moat
• Management
• Financials
• Price

The AI ETF PQUS is showing a weight decrease trend for AutoZone, which aligns with the framework's "Fail" verdict primarily due to the current lack of a margin of safety. This suggests that both the value-investing framework and the AI's recent activity indicate the stock is less attractive at its present valuation.

NORTHROP GRUMMAN CORP

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs show a negative sentiment towards Northrop Grumman, with AIEQ decreasing its weight and PQUS exiting its position. This activity aligns with the 'Fail' verdict from the value-investing framework, as both indicate a lack of current investment attractiveness.

GENERAL ELECTRIC

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs QRFT and PQUS currently hold General Electric, with PQUS recently showing a slight trend of decreasing weight in its portfolio. This reduction by PQUS somewhat aligns with our 'Fail' verdict, which stems from concerns about the company's financial consistency over a decade and its current premium valuation, suggesting the AIs might also be finding less compelling value.

SOLVENTUM CORP.

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs, particularly AIVL, show a clear trend of gradual accumulation and increasing weight in SOLVENTUM, suggesting an algorithmic positive signal. This contrasts with the framework's 'Fail' verdict, which is based on an inability to sufficiently assess critical long-term investment criteria such as management quality, consistent financial health, and a quantifiable margin of safety due to data limitations.

Zimmer Biomet Holdings, Inc.

• Competence
• Moat
• Management
• Financials
• Price

AI ETF AIVL has shown a trend of gradual accumulation and increasing weight in Zimmer Biomet, suggesting a bullish sentiment on the company. This action contrasts with the value-investing framework's verdict, which identifies ZBH as a 'Fail' due to its weak financial health and lack of a margin of safety.

Verisk Analytics, Inc.

• Competence
• Moat
• Management
• Financials
• Price

The AI ETF PQUS is currently increasing its weight in Verisk Analytics, indicating an accumulating trend. This action contrasts with the framework's "Fail" verdict, which stems from concerns about the company's financial health and a lack of a margin of safety in its current valuation. The AI's approach appears to prioritize factors other than a conservative value assessment at the current price.

Becton, Dickinson and Company

• Competence
• Moat
• Management
• Financials
• Price

The AI ETF AIVL has been gradually accumulating BDX, signaling a positive outlook or belief in future appreciation. In contrast, the Buffett-style framework leads to a 'Fail' verdict, primarily due to the company's weak financial health and a valuation that offers no margin of safety at its current price. This indicates a direct conflict between the AI's recent accumulation and a value-investing assessment.

LAS VEGAS SANDS

• Competence
• Moat
• Management
• Financials
• Price

AIVL holds a small 0.32% position and has been trimming it, with weight cuts on three straight days through 2026-10-23 after a brief accumulation earlier in the month, while AIEQ holds a token 0.05%. The cautious, shrinking stance loosely fits a Too Hard verdict, though the moves are small and look like routine rebalancing rather than a conviction exit, so this is only a weak agreement.

GILEAD SCIENCES INC

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs are mostly holding with small adjustments: AIEQ has been nudging its weight up (0.56% to 0.57%), while AIVL has trimmed and added in small steps around a 1.6% position, and QRFT and PQUS hold small stakes. This is mild accumulation or steady holding, which conflicts with a Too Hard verdict, since the framework declines to score the company at any price while the funds are treating it as a reasonably sized holding, especially AIVL as a value fund.

TYSON FOODS INC A

• Competence
• Moat
• Management
• Financials
• Price

AIEQ has been accumulating Tyson, lifting its weight from 3.77% to 4.12% over three recent increases, which is a growing conviction bet. The framework declines to score the company because its earnings follow commodity protein cycles, so the AI's accumulation conflicts with a Too Hard read, even though the elevated 34x earnings multiple and 3% ROE would also make a value-oriented review skeptical.

APOLLO GLOBAL MANAGEMENT INC.

• Competence
• Moat
• Management
• Financials
• Price

AIEQ holds about 1.4% and has been trimming and adding in small increments in mid-to-late October (-0.05pp, -0.08pp, then +0.06pp), which looks like routine position-sizing around a steady holding rather than a conviction move. A Too Hard verdict means the framework declines to score the company at all, so the AI's modest, flexible stance is not a direct conflict but reflects a very different approach, since the framework would simply stay out of what it cannot model.

DIAMONDBACK ENERGY INC

• Competence
• Moat
• Management
• Financials
• Price

AIEQ holds about 1.15% of its portfolio in FANG and has trimmed the position for three straight sessions (to 1.15% on 2026-10-23) after a brief run of increases earlier in the month. The small, choppy moves look like tactical rebalancing, not conviction either way, and they do not conflict with a Too Hard verdict, which declines to score the company on price or momentum.

SANDISK CORP.

• Competence
• Moat
• Management
• Financials
• Price

Seven AI ETFs hold SNDK, led by AIUP at 4.49% and LQAI at 3.28%, but the recent flow is almost all trimming. AIUP cut roughly 10 points in a single day after carrying a position near 15%, and LQAI, BUZZ, AIVL and PQUS were reducing as well. That partly agrees with a Too Hard verdict, since the funds are treating the stock as a volatile cyclical trade rather than a predictable compounder, though they are still holding meaningful weights.

WESTERN DIGITAL CORP

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs are mostly accumulating or holding WDC: BUZZ made a new entry on 2026-10-15 and kept adding through 2026-10-21, while AMOM and AIVL have been trimming on and off, and six funds hold it overall. That momentum-driven buying conflicts with a Too Hard verdict, since the framework declines to underwrite a cyclical hardware maker whose earnings are surging and whose future cash flows are hard to predict. The trimming by AMOM and AIVL is closer to the framework's caution, though it looks like position management rather than a judgment about predictability.

PG&E CORPORATION

• Competence
• Moat
• Management
• Financials
• Price

AIVL has been trimming its position over the last several sessions, taking the weight from about 1.27% to 1.21%, while LQAI nudged its weight up slightly to 0.92% and QRFT holds a token 0.09%. The AIVL trimming loosely agrees with a Too Hard verdict, but the mixed signals show the AIs have no consensus, and a framework that declines to score the company would not treat a low PER of 8.79 as enough reason to own it.

DECKERS OUTDOOR

• Competence
• Moat
• Management
• Financials
• Price

AIVL has trimmed its position three days in a row, taking the weight from 0.2583% to 0.2452%, and QRFT holds only a token 0.04%. The mild exit by AIVL is loosely consistent with a Too Hard verdict, but the cause is probably quantitative valuation or momentum signals and not a judgment about predictability. The framework declines to score the company, so it neither endorses nor contradicts the AI's small, shrinking position.

VALERO ENERGY CORP

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs are mostly accumulating: AMOM added about 0.3pp a day in mid-October to reach 2.28%, and LQAI built its position through October 16, while AIVL has recently begun trimming its position to 0.665%. That momentum-led buying conflicts with a Too Hard verdict, since the framework declines to score a business whose earnings depend on volatile refining margins, and AIVL's trimming is only a mild, partial echo of that caution.

THE CIGNA GROUP

• Competence
• Moat
• Management
• Financials
• Price

PQUS has been accumulating Cigna through mid-to-late October, lifting its weight from about 0.83% to 0.87% over several sessions, while QRFT holds a small 0.17% position. That buying conflicts with a Too Hard verdict, since the framework declines to underwrite the company at any price, though the AI's interest is consistent with a low P/E of 12.87 and a 15% ROE that look attractive on screens.

SUPER MICRO COMPUTER INC

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs are mostly trimming. BUZZ cut from about 3.4% to 2.57% after a brief accumulation, AMOM has reduced steadily since early October, and AIEQ has cut for several days in a row, while QRFT holds only a token 0.04%. Their exit lines up with a Too Hard verdict, but for a different reason: they appear to be reacting to momentum or sentiment, while the framework steps aside because the earnings power can't be forecast.

BROADCOM INC

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs are split: AMOM has been gradually accumulating (weight near 4.18%), while AIEQ, PQUS and BUZZ have been trimming, with AIEQ cutting from about 9.8% to 8.7% and BUZZ taking a sudden large cut. The momentum-driven buyers are betting on continued AI spending, which sits outside a framework that declines to forecast ten-year cash flows here, and the trimmers are at least showing some caution that is closer in spirit to the Too Hard verdict. Even so, nobody is trimming for circle-of-competence reasons, and all six funds still hold the stock.

COHERENT CORP

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs are trimming COHR: AMOM has cut its weight in three consecutive steps from 1.58% to 1.28%, and AIEQ has gone from 0.13% to 0.12%, with LQAI holding a small 0.11% position. This partial exit agrees with the Too Hard verdict in direction, but the AIs are probably reacting to momentum and valuation signals rather than to any judgment about whether the business can be modelled.

MARVELL TECHNOLOGY INC

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs are mostly trimming: BUZZ cut its weight sharply from about 2.1% to 0.51% on 2026-10-15 after accumulating earlier in the month, and AIEQ and LQAI have also been reducing. That direction loosely matches a cautious read of the valuation, but the framework's Too Hard verdict is about unpredictable earning power rather than price, and the funds still hold positions in a name the framework would not model.

GE VERNOVA INC

• Competence
• Moat
• Management
• Financials
• Price

AIEQ and PQUS are both trimming GEV, with AIEQ cutting 0.27pp to 3.50% and PQUS cutting in two steps to 0.67%, while QRFT holds a small 0.62% position. The trimming fits a Too Hard verdict loosely, since it shows the AIs are cautious about the valuation, but the AIs are still holding a meaningful position, AIEQ especially, in a business this framework declines to underwrite. The overlap is only partial, because these are momentum-style position adjustments and not a judgment about earnings predictability.

HUMANA INC

• Competence
• Moat
• Management
• Financials
• Price

AIUP opened a new 4.61% position on 2026-10-16, AMOM has been gradually accumulating with small back-and-forth moves up to 1.56%, and QRFT holds a token 0.11%. This conflicts with a Too Hard verdict, since the AIs are buying a business whose earnings depend on regulatory and cost-trend outcomes that this framework declines to forecast. The buying looks more like a bet on earnings recovery or momentum than a margin-of-safety purchase.

PALO ALTO NETWORKS INC.

• Competence
• Moat
• Management
• Financials
• Price

AIUP, the largest holder at 4.27%, accumulated through early October, peaking near 5.0% on October 9, and then cut its weight on each of the next five trading days by about 0.5 to 0.7 points. AMOM trimmed slightly from 2.90% to 2.78% over the same stretch, while QRFT, LQAI, and AIEQ hold small positions. The trimming fits a cautious Buffett-style read, but the AIs appear to be managing momentum and position size rather than judging intrinsic value, so the agreement is partial and probably coincidental.

HEWLETT PACKARD ENTERPRISE COMPANY

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs have been mostly trimming HPE: AIUP made a new entry on Oct 12 at 4.54% and then cut the position three days in a row to 3.95%, AMOM has been reducing after a brief increase, LQAI is trimming, and BUZZ exited on Oct 15 after weeks of gradual accumulation. This retreat loosely agrees with a Too Hard verdict, since the funds are showing little conviction, but they are acting on momentum and short-term signals rather than on any judgment about predictable earning power.

ROBINHOOD MARKETS INC A

• Competence
• Moat
• Management
• Financials
• Price

AIUP has been steadily accumulating, moving to about 4.6% weight with several buys in mid-October. BUZZ made a sudden large increase of 0.5pp and AMOM has been edging up, so all three funds are adding while the framework declines to score the company. That conflicts with the verdict: these moves look like momentum and growth positioning, not a conviction that earnings power is predictable over a decade.

DATADOG, INC.

• Competence
• Moat
• Management
• Financials
• Price

All four AI ETFs holding DDOG (AIUP, AMOM, PQUS and AIVL) have been trimming for several sessions through mid-October 2026, after a brief round of buying on October 9, and AIUP is the largest holder at 4.31% after cutting about 0.74pp in one day. That direction of travel is consistent with a Too Hard verdict and a priced-for-perfection valuation, but the reason is probably momentum and risk management rather than a circle-of-competence judgment. AIUP's still-heavy weight is the sharpest disagreement with a Buffett-style read.

ARCHER-DANIELS-MIDLAND CO

• Competence
• Moat
• Management
• Financials
• Price

AIVI has been gradually accumulating ADM, lifting its weight to about 0.31% across mid-October, while QRFT holds a smaller 0.09% position. This conflicts with a Too Hard verdict, since the framework would decline to score a commodity processor with volatile margins, though the small position sizes suggest the AIs view it as a modest, possibly cyclical-recovery or valuation-driven holding rather than a core conviction.

CIENA CORP

• Competence
• Moat
• Management
• Financials
• Price

AMOM holds the largest position at 1.60% and has been raising it recently, and AIVL has been gradually accumulating to 0.611%, with QRFT holding a small 0.14% stake. The momentum buying fits a stock with 32.57% revenue growth, but a Buffett-style read declines to score it because the earnings are hard to forecast, which conflicts with all the accumulation. AIVL's value-oriented buying at a 93x P/E and 76x EV/EBITDA is the sharpest disagreement with the framework.

NVIDIA CORP

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs hold NVDA as a core position (QRFT 8.8%, AMOM 8.2%, PQUS 7.6%), but in early October most were trimming it (AIEQ, AIUP, PQUS, AMOM, LQAI), with only brief accumulation by BUZZ and AIUP in between. The mild trimming is consistent with a Too Hard verdict on valuation and cyclicality grounds, yet the large remaining weights show the AIs are betting on exactly the forecast of AI-driven earnings that this framework declines to make.

PALANTIR TECHNOLOGIES INC-A

• Competence
• Moat
• Management
• Financials
• Price

Every AI ETF holding PLTR (AMOM, BUZZ, PQUS, QRFT, AIEQ, LQAI) has been adding or holding, with AIEQ opening a new position on 2026-10-01 and AMOM, BUZZ, PQUS and LQAI all raising weights in early October. That momentum-driven buying conflicts with a Too Hard verdict, since this framework declines to underwrite a business whose ten-year cash flows cannot be reasonably forecast, regardless of recent price strength.

ADVANCED MICRO DEVICES

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs are mixed but lean toward trimming: AIUP, LQAI, AMOM, PQUS and AIEQ have recently reduced weights, while BUZZ is gradually accumulating and PQUS and AIEQ made large additions in early October before cutting. The trimming is directionally consistent with a cautious framework read, but the AIs still hold meaningful positions (AIUP and LQAI above 4%), which conflicts with a Too Hard verdict that would not hold the stock at any price.

BUNGE GLOBAL SA

• Competence
• Moat
• Management
• Financials
• Price

AIVI opened a position on 2026-10-05, added the next day, then trimmed slightly on 2026-10-09, leaving a small 0.24% weight, while QRFT holds an even smaller 0.05%. A Buffett-style read declines to score the company at all, so the AI entry does not line up with the framework, although the small, lightly adjusted sizing suggests low conviction rather than a strong bet.

DELL TECHNOLOGIES INC - C

• Competence
• Moat
• Management
• Financials
• Price

Six AI ETFs hold Dell, and most recent moves are accumulation: AIVL, BUZZ, AMOM and PQUS all added in early October, LQAI made a new entry on 2026-09-29, and AMOM's late-September selling was mostly reversed. That momentum-driven buying conflicts with a Too Hard verdict, since the framework declines to underwrite a hardware assembler whose growth depends on an AI capital spending cycle.

APA CORPORATION

• Competence
• Moat
• Management
• Financials
• Price

AIVI is gradually accumulating APA, lifting its weight from about 0.60% to 0.65% over the past couple of weeks, while QRFT holds only a token 0.03%. This conflicts with a Too Hard verdict, since the buying appears driven by cheap multiples, which this framework treats as insufficient when owner earnings depend on oil and gas prices that cannot be forecast.

HONEYWELL INTL INC

• Competence
• Moat
• Management
• Financials
• Price

AIVL, the largest holder at about 1.26%, accumulated through late September but has cut its weight on each of the last five trading days to 1.2595%, and LQAI exited entirely on 2026-09-29. This trimming and exit lean the same way as a cautious framework read, which cannot confirm a margin of safety, but neither signal is decisive since the position is small and the reductions are gradual. The AIs are not making a strong bet either way, and that fits a verdict of 'Too Hard' rather than a clear Fail.

EOG RESOURCES

• Competence
• Moat
• Management
• Financials
• Price

AIEQ has been accumulating EOG, with a large jump on 2026-10-01 followed by further weight increases on 10-02 and 10-09 to 0.41%, and QRFT holds a smaller 0.16% position. A Buffett-style read conflicts with this buying because the framework treats a price-exposed commodity producer as too hard to model, whatever the current multiples look like. The AI's momentum-driven accumulation reflects a different approach from a framework built on predictable ten-year cash flows.

CARVANA CO.-A

• Competence
• Moat
• Management
• Financials
• Price

The AI ETF AIEQ is actively holding and trading Carvana with a significant weight, indicating their models find it investable and are making tactical decisions. This contrasts with a Buffett-style framework's 'Too Hard' verdict, which declines to assess the company due to its unpredictable long-term earning power, although LQAI's exit aligns more with a cautious approach.

APPLOVIN CORPORATION CLASS A

• Competence
• Moat
• Management
• Financials
• Price

AI ETFs currently hold AppLovin, with recent activity showing both accumulation and weight decrease trends among different funds. This contrasts sharply with the framework's 'Too Hard' verdict, which suggests the company is too unpredictable for reliable long-term investment analysis within a Buffett-style circle of competence. The AI's active trading and holding imply an investability that is not supported by this value-investing approach.

SEAGATE TECHNOLOGY

• Competence
• Moat
• Management
• Financials
• Price

AI ETFs like AIUP, AMOM, and LQAI have shown recent accumulation or significant holdings in Seagate, suggesting a positive outlook or belief in its future performance. This contrasts sharply with the framework's 'Too Hard' verdict, which indicates the company's long-term earnings are too unpredictable to model reliably. The AI's actions imply a confidence in predicting outcomes that the value investing framework cannot reconcile due to the nature of the business.

HP INC

• Competence
• Moat
• Management
• Financials
• Price

While LQAI has shown a clear accumulation trend and new entry into HPQ, suggesting an investable view, AIVL has been exiting, which aligns more with this analysis. Our Buffett-style framework, however, deems HP Inc. 'Too Hard' to analyze due to unpredictable long-term cash flows, contrasting with LQAI's positive action.

INCYTE CORPORATION.

• Competence
• Moat
• Management
• Financials
• Price

AI ETF AIVL recently made a new entry into Incyte Corporation, while QRFT also holds a position. This AI activity contrasts with the framework's 'Too Hard' verdict, which suggests that the company's business model is too difficult to forecast with the necessary long-term predictability.

LUMENTUM HOLDINGS INC

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs exhibit mixed signals, with some like AIEQ and LQAI initiating new positions or increasing weight, while AMOM shows a decreasing trend and AIVL recently exited. This contrasts with the framework's assessment that the company is too hard to reliably analyze for long-term investment, suggesting a divergence in analytical approaches regarding future predictability.

NETAPP INC

• Competence
• Moat
• Management
• Financials
• Price

AI ETFs AIVL and AMOM have shown recent activity, with AIVL making a new entry and AMOM gradually accumulating shares of NetApp. This contrasts with the 'Too Hard' verdict, which suggests the company's future cash flows are too unpredictable for a long-term value investment assessment within this framework.

MICRON TECHNOLOGY INC

• Competence
• Moat
• Management
• Financials
• Price

AI ETFs are generally showing gradual accumulation and weight increase trends in Micron Technology, indicating a bullish stance by the algorithms. This contrasts sharply with the Buffett-style framework's verdict of 'Too Hard,' which finds the company's business model too unpredictable for reliable long-term analysis, regardless of current market sentiment or price.

FREEPORT-MCMORAN INC

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs, particularly AIEQ, are holding a significant weight in Freeport-McMoRan and have shown mixed accumulation and reduction trends recently. This stands in contrast to a Buffett-style framework, which would likely deem the company "Too Hard" to evaluate due to the inherent unpredictability of commodity businesses. While AI models might find patterns or momentum in commodity stocks, a fundamental value investing approach prioritizes predictable earning power above all else.

MODERNA INC

• Competence
• Moat
• Management
• Financials
• Price

AI ETFs like AIUP and BUZZ show strong accumulation and new entries into Moderna, indicating a bullish stance. This contrasts sharply with a Buffett-style value investing framework, which would classify Moderna as 'Too Hard' to analyze due to the unpredictable nature of its future earnings in the biotechnology sector.

INTEL CORP

• Competence
• Moat
• Management
• Financials
• Price

AI ETFs are actively accumulating Intel shares, with multiple funds showing recent gradual accumulation trends. This contrasts sharply with the framework's verdict of 'Too Hard,' which indicates the business is too unpredictable for a conservative long-term investment analysis, suggesting a fundamental disagreement on the assessability of future value.

AIRBNB, INC. CLASS A

• Competence
• Moat
• Management
• Financials
• Price

AI ETFs like AIVL, QRFT, and PQUS currently hold Airbnb, with AIVL showing recent fluctuations in its weighting, suggesting active management or conviction in the stock. This AI activity implies a perceived investability, contrasting with the Buffett-style framework's conclusion that the company's long-term earning power is too unpredictable for confident analysis.

BIOGEN INC

• Competence
• Moat
• Management
• Financials
• Price

AI ETFs like AIEQ are showing a trend of increasing their weight in Biogen, suggesting an accumulating interest, which stands in contrast to this framework's 'Too Hard' verdict that precludes investment based on predictability. The AI's quantitative models may identify different signals, while this qualitative framework prioritizes long-term earnings predictability.

ARISTA NETWORKS INC

• Competence
• Moat
• Management
• Financials
• Price

Recent AI ETF activity shows a mixed sentiment, with some funds slightly increasing and others decreasing their allocations to Arista Networks. In contrast, a Buffett-style framework would classify this company as "Too Hard" to evaluate, indicating a fundamental disagreement on the ability to predict its long-term business trajectory. This suggests the AI's investment decisions might be based on different time horizons or risk assessment criteria than a deep value approach.

BAKER HUGHES COMPANY

• Competence
• Moat
• Management
• Financials
• Price

AI ETFs AIEQ and QRFT currently hold Baker Hughes, with AIEQ showing a recent trend of decreasing its weight in the company. This algorithmic activity implies a level of comfort with the investment, which contrasts sharply with a framework that deems the business too unpredictable for reliable long-term analysis and thus too hard to evaluate.

CF INDUSTRIES HOLDINGS INC

• Competence
• Moat
• Management
• Financials
• Price

Some AI ETFs, such as AIEQ and QRFT, currently hold CF Industries, with AIEQ demonstrating mixed but generally consistent allocation; however, AMOM recently exited its position. This activity contrasts with the framework's 'Too Hard' verdict, which indicates the company's future earnings are too unpredictable for a long-term value investing approach.

LAM RESEARCH CORP

• Competence
• Moat
• Management
• Financials
• Price

The AI ETFs show mixed but predominantly decreasing weight trends for LRCX, with several 'weight decrease trend' signals from AIUP and AMOM, alongside some sudden large changes. This cautious or reducing exposure by the AI ETFs aligns somewhat with a Buffett-style framework's 'Too Hard' verdict, which suggests avoiding companies where long-term predictability is a significant challenge.

Trade Desk Inc/The

• Competence
• Moat
• Management
• Financials
• Price

AI ETFs AIEQ and BUZZ show recent increases in their holdings of The Trade Desk, indicating a positive sentiment and accumulation trend. This contrasts sharply with the Buffett-style verdict of 'Too Hard,' which suggests the company's future is too unpredictable for a conservative, long-term investment approach focused on stable cash flows.

Block Inc

• Competence
• Moat
• Management
• Financials
• Price

AIUP recently added Block Inc. to its portfolio as a new entry, subsequently showing both an increase and a decrease in its weight, indicating active but fluctuating engagement. This AI ETF activity contrasts with the framework's 'Too Hard' verdict, which prioritizes the predictability of long-term cash flows over participation in highly dynamic and rapidly changing industries.

DEVON ENERGY CORP

• Competence
• Moat
• Management
• Financials
• Price

Some AI ETFs, notably AIUP, have recently entered or maintained significant positions in Devon Energy, albeit with some recent slight weight decreases, while AIEQ has exited. This contrasts with the framework's "Too Hard" verdict, which stems from the fundamental unpredictability of commodity prices and the inability to reliably project long-term cash flows for oil and gas exploration and production companies. Our analysis suggests that the inherent volatility of DVN's unit economics makes it unsuitable for a long-term, predictable value investment approach.

SOUTHWEST AIRLINES CO

• Competence
• Moat
• Management
• Financials
• Price

One AI ETF, PQUS, has recently exited Southwest Airlines, reducing its weight to zero, which aligns with the framework's "Too Hard" verdict due to the company's unpredictable future cash flows. Another AI ETF, QRFT, maintains only a minimal 0.0600% holding, suggesting similar caution or a lack of strong conviction.

INTL BUSINESS MACHINES CORP

• Competence
• Moat
• Management
• Financials
• Price

AI ETFs show mixed activity with PQUS increasing its weight and BUZZ showing both a decrease trend and a sudden large increase in weight for IBM. This varied AI sentiment contrasts with the framework's conclusion that IBM is too complex to reliably project long-term cash flows.

ABBVIE INC

• Competence
• Moat
• Management
• Financials
• Price

AI ETFs are currently holding AbbVie, with one fund showing mixed signals of both increasing and decreasing weight trends. This stands in contrast to the value-investing framework's verdict, which finds AbbVie too complex to reliably project cash flows, thus declining further analysis.

TESLA INC

• Competence
• Moat
• Management
• Financials
• Price

AI ETFs show mixed activity, with some like PQUS accumulating and others like BUZZ and LQAI decreasing weight, indicating active trading strategies. This dynamic trading behavior contrasts with the framework's conclusion that Tesla's business is too unpredictable for long-term value investing, suggesting a focus on short-term trends rather than enduring intrinsic value.

BEST BUY CO INC

• Competence
• Moat
• Management
• Financials
• Price

AIEQ has shown fluctuating activity recently, first decreasing its weight in Best Buy then subsequently increasing it, indicating active but mixed conviction. This contrasts sharply with the framework's 'Too Hard' verdict, which suggests the business's fundamental long-term predictability is too low to even form an investment thesis.

HORTON D.R. INC

• Competence
• Moat
• Management
• Financials
• Price