ASML

PQNT · Weight decrease · 2d

The weight in ASML within PQNT shows a stepped, gradual reduction following an earlier significant drop after an initial increase. After maintaining a 3.68% allocation for several days, the fund executed consecutive decreases to 3.52% then 3.51% on subsequent rebalancing opportunities. This pattern suggests Pictet Asset Management’s AI, combined with its factor exposures focusing on valuation and sentiment, is likely moderating exposure to ASML given its current price of $1797.32, which sits at 90% of its 52-week high following a 1-year return of +125.8%. The periodic, rather than daily, rebalancing of this ex-US developed-market fund explains the discrete adjustments as its strategy calibrates risk and profit-taking in a stock demonstrating such substantial price appreciation within the Information Technology sector.

weight 3.680% → 3.510% (-0.170 pp)·stock up 1.1% in the 30 days before

Jul 10·entry $1797.32·now $1739.02

PQNT · Sudden change · 1d

The weight of ASML in PQNT displayed a sharp, brief acceleration to 4.10% on July 2nd, immediately followed by an even more pronounced reduction to 3.68% the next day. ASML’s significant 1-year price growth of 133.9% and 30-day return of 14.1%, placing it near 89% of its 52-week high, likely generated strong momentum and positive sentiment signals, which PQNT's AI-driven strategy, integrating such factor exposures, would naturally identify. The subsequent, larger decrease suggests that while the AI overlay acknowledged ASML's upward trajectory, the current price of $1769.32, combined with other factor exposures like valuation, may have triggered a re-evaluation against the ETF's risk framework or long-term fundamental targets for its portfolio of international developed-market stocks. This rapid shift on ASML within PQNT’s non-daily rebalancing schedule illustrates the AI's capacity for swift, albeit sometimes temporary, position adjustments when balancing accelerating asset prices with a comprehensive multi-factor assessment for this newer fund.

weight 4.100% → 3.680% (-0.420 pp)·stock up 3.7% in the 30 days before

Jul 3·entry $1825.07·now $1739.02

PQNT · Weight decrease · 3d

PQNT's AI-driven methodology, which incorporates fundamental, momentum, valuation, and sentiment factor exposures across its developed-international universe, appears to have triggered a successive reduction in ASML's weight. This specific adjustment in ASML, a high-growth Information Technology holding, suggests the AI’s valuation or sentiment models detected a shift, especially given ASML’s substantial one-year return of +135.8%. As an AI-managed ETF holding approximately 300 international developed-market stocks, PQNT likely initiated this series of incremental rebalances to moderate exposure after ASML approached its 52-week high, consistent with its periodic rebalancing schedule rather than daily trading. This pattern reflects Pictet Asset Management's systematic application of AI signals to manage factor exposures within its broad ex-US developed-market mandate, optimizing across its diversified portfolio.

weight 3.980% → 3.720% (-0.260 pp)·stock up 12.3% in the 30 days before

Jun 26·entry $1794.62·now $1739.02

PQNT · Weight decrease · 2d

ASML is currently priced at $1762.77, nearing 91% of its 52-week high, following a 124.8% one-year return and a 15.9% increase over the last 30 days. Despite this significant upward movement, Pictet Asset Management's PQNT, an AI-managed ETF, began a consecutive weight decrease for ASML, moving from 3.98% on June 20, 2026, to 3.74% by June 25, 2026. This specific fund’s AI signals, integrated with its factor exposures—including valuation and sentiment, for its broad ex-US developed-market portfolio—likely indicated that ASML's elevated price level diminished its attractiveness relative to other holdings. The periodic rebalancing process within PQNT's ~300 international stock universe suggests the AI determined a tactical reduction was warranted, even as the stock posted substantial short-term gains, aligning with its methodology to balance various factors at these higher price levels.

weight 3.980% → 3.740% (-0.240 pp)·stock up 12.8% in the 30 days before

Jun 25·entry $1841.18·now $1739.02

PQNT · Weight decrease · 3d

ASML's 1-year return of +115.6% and its current price of $1612.76, sitting at 99% of its 52-week high, clearly signal strong momentum, a factor that PQNT incorporates alongside AI signals for its broad ex-US developed-market strategy. Despite a substantial 30-day return of +10.5% for ASML, Pictet Asset Management’s AI-managed PQNT initiated a consecutive weight decrease from 3.5000% on May 28th to 3.4500% by May 31st, 2026. This tactical reduction, occurring as ASML approached the upper limit of its $689.63 to $1632.90 52-week range, indicates that PQNT's AI overlay, potentially guided by valuation or sentiment factors, determined a reduced exposure for the Information Technology giant. Given PQNT's focus on international developed-market stocks and its periodic rebalancing, this specific trimming of ASML suggests a multi-factor risk adjustment by the fund's methodology, even amid the stock's recent performance.

weight 3.570% → 3.450% (-0.120 pp)·stock up 15.7% in the 30 days before

May 31·entry $1628.57·now $1739.02

PQNT · Weight decrease · 2d

Pictet Asset Management’s PQNT, which applies AI signals alongside fundamental, momentum, valuation, and sentiment factors across its portfolio of approximately 300 international developed-market stocks, likely initiated this recent consecutive reduction in ASML’s weight. This periodic rebalancing activity suggests the fund’s AI overlay detected a shift in ASML’s attractiveness based on its integrated factor model. With ASML currently trading near 99% of its 52-week high of $1632.90, the AI’s valuation or momentum signals may have indicated a less favorable risk-reward profile. The system then methodically trimmed the position, reflecting a systematic re-allocation guided by the AI’s assessment of evolving market conditions for this specific Information Technology holding.

weight 3.570% → 3.480% (-0.090 pp)·stock up 15.7% in the 30 days before

May 30·entry $1628.57·now $1739.02

PQNT · Weight decrease · 2d

ASML is currently trading at $1550.13, reflecting a 1-year return of +120.7% and sitting at 97% of its 52-week high of $1592.02. Amid this period of strong price appreciation and elevated valuation, Pictet Asset Management’s PQNT, employing an AI overlay with factor exposures including fundamentals, momentum, valuation, and sentiment, began systematically decreasing its ASML weight. From May 17 to May 21, the fund’s holding moved consecutively from 3.41% to 3.24%, following a brief uptick. This methodical adjustment, characteristic of the newer fund’s periodic rebalancing based on AI signals, suggests a strategic shift in factor exposures, perhaps prioritizing valuation or sentiment indicators detecting a plateau or increased risk after ASML’s +21.0% 90-day return. The pattern indicates that PQNT’s models assessed the stock’s positioning as requiring reduced exposure despite its prior price trajectory.

weight 3.410% → 3.240% (-0.170 pp)·stock up 10.3% in the 30 days before

May 21·entry $1592.00·now $1739.02

PQNT · Weight decrease · 2d

The AI likely detected deteriorating technical indicators or a negative shift in market sentiment specifically impacting ASML or the broader semiconductor sector, prompting the continuous reduction in exposure. For retail investors, this highlights the AI's dynamic, short-term risk management; it serves as a prompt to reassess your own ASML holdings and consider if your long-term thesis aligns with potential headwinds detected by the algorithm.

weight 3.290% → 3.180% (-0.110 pp)·stock up 11.2% in the 30 days before

Apr 29·entry $1394.08·now $1739.02