EUR

PQNT · Exit · 1d

The weight-change pattern for CASHEUR exhibited rapid, stepped adjustments within PQNT's portfolio, initially removed from 0.0200% to 0.0000% on July 1st, then briefly re-entered at 0.0100% from July 3rd, before a subsequent complete divestment on July 9th. Given Pictet Asset Management's PQNT primarily invests in approximately 300 international developed-market stocks ex-US, a 'Cash' instrument like CASHEUR typically serves as a short-term, tactical liquidity management component rather than a core holding. This swift ingress and egress, likely driven by the fund's AI signals combined with factor exposures such as sentiment, indicates capital being held momentarily, either awaiting deployment into specific developed-market equity opportunities or as a very brief response to fleeting market dynamics. Such transient allocations align with a newer fund, launched in 2025, actively optimizing its broad ex-US developed-market style while leveraging its AI overlay for precise, timely adjustments.

weight 0.010% → 0 (exited)

Jul 9·now $1.18

PQNT · Exit · 1d

Pictet Asset Management's PQNT, structured to manage a portfolio of around 300 international developed-market stocks using AI signals and factor exposures, saw a fluctuating position in EUR (Cash). The fund's allocation to cash briefly rose to 0.7300% on 2026-06-24, indicating a short-term tactical adjustment or liquidity management during a periodic rebalance. Consistent with its core strategy focused on equities, the AI overlay combined with factor models subsequently found no sustained rationale for this non-stock holding. Consequently, EUR was completely removed from the portfolio by 2026-07-01, affirming the fund's commitment to its developed-market stock universe.

weight 0.020% → 0 (exited)

Jul 1·now $1.18

PQNT · Exit · 1d

The portfolio weight for EUR (CASHEUR) showed a dynamic pattern, initially held at minor levels (0.05%, then 0.01%), briefly spiking to 0.73% on June 24, 2026, before quickly reducing again and then entirely exiting the portfolio on June 26, 2026. This rapid deployment of cash, particularly after a temporary surge, aligns with PQNT's investment mandate to actively manage a broad portfolio of approximately 300 international developed-market stocks (ex-US). The AI signals and factor exposures employed by Pictet Asset Management likely prompted the temporary accumulation of cash, possibly from recent equity sales, before identifying and executing new stock purchases that better met its quantitative criteria for fundamentals, momentum, valuation, and sentiment. Such a pattern indicates the fund's promptness in reallocating capital away from non-yielding cash into its designated equity universe as suitable investment opportunities were identified, rather than holding significant cash balances.

weight 0.010% → 0 (exited)

Jun 26·now $1.18

PQNT · Sudden change · 1d

The weight of EUR (CASHEUR) in PQNT surged from 0.0100% to 0.7300% on June 24, 2026, before quickly reverting to 0.0100% the following day. This rapid, substantial allocation to a cash instrument, a distinct departure from its typical ~300 international developed-market stock holdings, indicates a highly specific, short-term tactical adjustment for the Pictet Asset Management fund. PQNT's AI signals, combined with its factor exposures across fundamentals, momentum, valuation, and sentiment, likely prompted this brief move, signaling a transient need for liquidity or a defensive posture within its broad ex-US developed-market universe. The abrupt increase and immediate reversal in EUR's allocation, a stable asset, suggest the AI model identified a temporary window for de-risking or facilitating a significant, periodic rebalancing event on those specific dates, requiring capital to be parked briefly.

weight 0.730% → 0.010% (-0.720 pp)

Jun 25·now $1.18

PQNT · Sudden change · 1d

On 2026-06-24, PQNT executed a substantial portfolio adjustment, elevating its weight in EUR (CASHEUR) from 0.0100% to 0.7300%. This significant allocation towards a Cash sector instrument suggests Pictet Asset Management's AI signals, which incorporate factor exposures like sentiment and valuation across the developed-international universe, identified a period of heightened caution. The timing of this shift indicates the AI overlay likely registered declining attractiveness or increased uncertainty among the fund's ~300 international developed-market stocks. Therefore, the increase in EUR reflects a strategic, temporary positioning or a defensive rebalancing of capital within this broad ex-US developed-market fund, rather than an investment driven by any inherent price movement of the cash instrument itself.

weight 0.010% → 0.730% (+0.720 pp)

Jun 24·now $1.18

PQNT · Weight decrease · 2d

The initial presence of EUR (CASHEUR) at 0.07%, following the PQNT fund’s 2025 launch, likely served as a temporary liquidity pool for incoming capital. The ensuing pattern—a sharp reduction to 0.00% and then a -0.02% allocation—indicates a deliberate strategic move driven by Pictet Asset Management’s AI signals and factor exposures. This rapid divestment from holding cash, even leading to a slight short position or borrowing in EUR, suggests the fund’s models identified more compelling investment opportunities among its ~300 developed-international ex-US stocks. Such a periodic rebalancing action efficiently transitions capital from a non-yielding asset, potentially leveraging the base currency, to fulfill the fund’s core mandate of investing in global equities.

weight 0.070% → 0 (exited)

May 30·now $1.18

PQNT · Exit · 1d

The Pictet Asset Management ETF, PQNT, displayed a distinct weight change for CASHEUR, a cash position, commencing with a gradual entry from zero to 0.0700% over two days. This small allocation, maintained at 0.0700% for five days, then fully divested to 0.0000% on May 28, 2026, aligns with the fund's periodic, not daily, rebalancing schedule. For a developed-international stock fund that typically invests in equities, this temporary, minimal cash holding likely stemmed from the AI signals or factor exposures indicating a short-term liquidity need or a pause in identifying compelling developed-market stock opportunities, especially given cash's inherently stable price level. The AI overlay, a key component for this newer fund launched in 2025, probably flagged this as an opportune use of residual capital before redeploying into its core universe of 300 international equities.

weight 0.070% → 0 (exited)

May 28·now $1.18

PQNT · Exit · 1d

Pictet Asset Management's PQNT, an ETF leveraging AI signals and factor exposures across roughly 300 international developed-market stocks, periodically adjusts its holdings based on its sophisticated methodology. The removal of EUR (CASHEUR) from the portfolio on 2026-05-20 reflects this active management, as the fund's AI overlay and factor analysis likely indicated that the cash sector instrument no longer aligned with optimal equity exposures or targets within its ex-US developed-market universe. This shift is not a daily occurrence, but rather a result of its periodic rebalance cadence, moving from a 0.0500% allocation on May 19th to a 0.0000% weight the following day. This specific rebalancing decision underscores how the AI component, combined with traditional factor screening, drives portfolio adjustments even for instruments like CASHEUR.

weight 0.050% → 0 (exited)

May 20·now $1.18