CTVA

PQUS · Exit · 1d

The observed pattern reveals a consistent 0.0300% allocation to CTVA for a week, culminating in a complete removal from the PQUS portfolio on 2026-07-10. This stepped exit is consistent with Pictet Asset Management's AI-managed ETF, which executes periodic rebalances rather than daily adjustments within its approximately 165 US large-cap holdings. Trading near 97% of its 52-week high, with a P/E ratio of 49.47 and a 4.67% ROE, CTVA's financial metrics and elevated price point likely triggered the AI's re-evaluation. The AI ranking system, designed with sector-balance and concentration rules, probably identified alternative US large-cap stocks offering a more favorable risk-reward profile or superior value, prompting the full divestment. Such a definitive removal, after a stable prior allocation, underscores the fund’s commitment to measured turnover as its AI system processes new data and executes its periodic re-ranking.

weight 0.030% → 0 (exited)·stock up 14.2% in the 30 days before

Jul 10·entry $85.68·now $86.78

PQUS · Sudden change · 1d

Corteva Inc.'s relatively high PER of 45.98 and a comparatively low Return on Equity of 4.67%, alongside revenue growth of 6.27%, likely factored into Pictet Asset Management's AI ranking system for the PQUS ETF, which targets US large-cap securities. The fund maintained a consistent 0.3900-0.4000% allocation to CTVA through June 25th, 2026, coinciding with the stock trading near 96% of its 52-week high of $85.46. On June 26th, 2026, as CTVA held a price of $81.62 after delivering an 8.0% 90-day return, the AI system dramatically reduced the allocation from 0.4000% to 0.0200%. This sharp reduction, despite the ETF's measured turnover style, indicates that the AI model, in adherence to its sector-balance and concentration rules, likely reassessed CTVA's position within its US large-cap universe once the stock neared its yearly peak valuation relative to its current underlying financial metrics.

weight 0.400% → 0.020% (-0.380 pp)·stock up 3.4% in the 30 days before

Jun 26·entry $82.62·now $86.78

PQUS · Weight decrease · 2d

Corteva Inc.'s PER of 45.49 and 4.67% ROE, despite its 6.27% revenue growth, likely influenced Pictet Asset Management's AI ranking system, guiding PQUS in its US large-cap strategy with measured turnover. The consecutive reduction in CTVA's weight within PQUS, from 0.48% on May 16th to 0.40% by May 21st, aligns with its recent price trajectory. During this period, the stock recorded a -5.7% 30-day return, occurring while its price of $78.80 remained at 92% of its 52-week high of $85.46. This pattern indicates the AI system's assessment, factoring both the valuation metrics and the recent price erosion for this particular large-cap holding within the fund's sector-balanced framework.

weight 0.420% → 0.400% (-0.020 pp)·stock down 0.4% in the 30 days before

May 21·entry $79.04·now $86.78

PQUS · Weight decrease · 2d

The AI ETF likely initiated a consecutive weight decrease for CTVA due to its high P/E ratio of 49.6 being unsupported by its low revenue growth of 2.92% and poor ROE of 4.4%, indicating an overvalued stock with weak fundamentals. For retail investors, this action highlights the importance of scrutinizing valuation metrics like P/E in conjunction with actual growth and profitability to avoid holding fundamentally weak or overpriced assets.

weight 0.470% → 0.440% (-0.030 pp)·stock down 2.9% in the 30 days before

May 9·entry $82.83·now $86.78