HWM

PQUS · Weight decrease · 2d

HWM currently trades at $272.43, positioning it at 96% of its 52-week high, following a significant 30-day return of +9.3% and a one-year return of +51.1%. This elevated price level, alongside the company's PER of 62.5 and PBR of 15.4, likely influenced Pictet's AI ranking system, which values US large caps and maintains measured turnover within the PQUS fund. The company's 14.24% revenue growth and 33.12% ROE are assessed against this valuation context by the AI model. Given the ETF's mandate for sector balance and concentration rules across its ~165 US large caps, the system appears to have initiated a reduction in HWM's exposure. The observed sequential decreases in HWM's weight, moving from 0.38% on July 16th to 0.36% on July 17th, and then to 0.35% on July 18th, suggest the AI identified the stock as less compelling at its recent high.

weight 0.380% → 0.350% (-0.030 pp)·stock down 1.8% in the 30 days before

Jul 18·entry $271.98·now $271.98

PQUS · Weight decrease · 2d

weight 0.390% → 0.340% (-0.050 pp)·stock up 2.7% in the 30 days before

Jun 4·entry $249.33·now $271.98

PQUS · Weight decrease · 2d

The consistent decrease in HWM's weight within PQUS, observed through a series of small, daily adjustments from 0.4500% to 0.3900% over eight days, indicates a controlled reduction rather than an abrupt divestment. This gradual trimming, contrasting with a stock trading at 94% of its 52-week high after a significant 63.7% one-year return, aligns with PQUS's strategy of measured turnover within its US large-cap universe. The AI ranking system, overseeing this actively managed fund, appears to be de-risking from a position that has reached elevated valuation metrics, specifically a P/E of 59.93 and P/B of 15.4, even with HWM's 14.24% revenue growth and 33.12% ROE. Such a sequential reduction likely reflects the Pictet Asset Management AI adhering to its sector-balance and concentration rules, reallocating capital away from a component perceived as less attractive relative to other opportunities identified in its periodic rebalancing cycle for its 165-stock portfolio.

weight 0.430% → 0.390% (-0.040 pp)·stock up 4.2% in the 30 days before

May 23·entry $261.89·now $271.98

PQUS · Weight decrease · 2d

Pictet Asset Management's PQUS, which uses an AI ranking system to manage its ~165 US large-cap portfolio, initiated a consecutive weight decrease for HWM. This adjustment, observed during the fund's periodic rebalance cycle, indicates the AI's re-evaluation of the Industrials stock within its US large-cap universe. HWM's current price, trading at 95% of its 52-week high after a +69.1% one-year return, likely triggered a lower ranking from the system. Maintaining a measured turnover, the fund's AI likely prioritized other opportunities or sought to manage concentration given HWM's high PER of 59.73 relative to its peers.

weight 0.490% → 0.440% (-0.050 pp)·stock up 5.1% in the 30 days before

May 17·entry $256.99·now $271.98

QRFT · Weight decrease · 2d

stock up 2.1% in the 30 days before

Apr 22·entry $240.88·now $271.98

AMOM · Exit · 1d

Qraft Technologies’ AMOM, managing a concentrated portfolio of around 50 US large caps with weekly rebalancing, removed HWM as its multi-signal momentum composite likely detected a shift in its expected run extension. Despite HWM's year-long gain of 51.9%, its recent 30-day return of just 1.2% suggests a deceleration in short-term price trends, a key component of AMOM's selection method that favors names poised to extend their runs. This weakening momentum, combined with a PER of 57.04 and PBR of 15.4, may have signaled that the stock’s prior upward trajectory was becoming less sustainable for further extension. The systematic reduction of HWM’s weight from 2.14% down to 2.00% over several days before its complete removal on 2026-06-02 illustrates the fund's conviction-driven changes as it rotated out of the Industrials name.

weight 2.000% → 0 (exited)·stock up 4.7% in the 30 days before

Jun 2·entry $250.72·now $271.98

AMOM · Weight decrease · 2d

Qraft Technologies' AMOM, which employs a multi-signal momentum composite to select approximately 50 US large caps expected to extend their runs, has been reducing its weight in HWM. This consecutive decrease, occurring during its weekly rebalancing, indicates a weakening in the AI's conviction for Howmet Aerospace to sustain its upward trajectory. The stock’s -0.0% return over the past 30 days likely contributed to this algorithmic decision, signaling a significant pause in the recent price trend at its current $255.52 price. Moreover, the fund’s methodology, focused on continued momentum, may view the stock’s high PER of 58.62 as presenting an additional hurdle for further valuation expansion, particularly given the recent lack of short-term price movement.

weight 2.060% → 2.000% (-0.060 pp)·stock up 5.1% in the 30 days before

Jun 1·entry $255.52·now $271.98

AMOM · Weight decrease · 4d

Trading at $258.02, HWM currently sits at 94% of its 52-week high after a significant 1-year return of +62.1% and a 90-day gain of +14.7%, though its 30-day return has slowed to +1.6%. This deceleration in short-term price trend momentum, following a substantial upward trajectory, likely signals to Qraft Technologies' multi-signal momentum composite that the stock's run may not extend at its prior pace, influencing the recent weekly rebalances. Despite a 14.24% revenue growth and 33.12% ROE, the consecutive reduction in AMOM's weight for HWM, moving from 2.16% to 2.05% over several days, suggests a decreasing conviction in its continued upward momentum, a core tenet of this concentrated portfolio. Operating with a PER of 59.19 and PBR of 15.4, the AI-driven system appears to be trimming exposure as HWM approaches its upper price range without the accelerating momentum that would justify maintaining a higher weighting in a portfolio designed to capture extending runs.

weight 2.160% → 2.050% (-0.110 pp)·stock up 6.8% in the 30 days before

May 27·entry $258.02·now $271.98

AMOM · Weight decrease · 3d

Qraft Technologies’ AMOM ETF, focused on identifying US large caps poised to extend their runs through a multi-signal momentum composite, has been reducing its exposure to HWM. The consistent decrease in HWM’s weight, evident in the recent move from 2.18% to 2.07% within a concentrated portfolio of approximately 50 stocks, indicates that its composite momentum signals are likely decelerating. Despite HWM's prior strong performance, reflected in a 1-year return of +65.7%, its more recent 30-day return of +1.5% suggests a cooling pace that may not align with AMOM’s criteria for continued runs. Given AMOM’s weekly rebalancing and its design to make position changes that carry conviction, this series of reductions suggests the AI manager perceives a diminished likelihood of the stock continuing its upward momentum at its current $261.89 price, which is at 96% of its 52-week high.

weight 2.160% → 2.070% (-0.090 pp)·stock up 8.0% in the 30 days before

May 26·entry $261.89·now $271.98

AMOM · Weight decrease · 2d

HWM, currently priced at $256.55, trades at 94% of its 52-week high, reflecting a substantial 63.7% return over the past year. However, its 30-day return of just +0.2% signals a recent deceleration in price momentum, which is a key input for AMOM's multi-signal composite that aims to pick names expected to extend their runs. Given HWM's PER of 58.86 and PBR of 15.4, even with a 14.24% revenue growth and 33.12% ROE, a stalled price trend at such elevated valuations can prompt a re-evaluation within Qraft's concentrated momentum strategy. Therefore, the Qraft-managed fund's consecutive weight decrease from 2.21% to 2.09% between May 13 and May 22 suggests the AI is reducing exposure as the stock's near-term upward conviction appears to wane.

weight 2.160% → 2.090% (-0.070 pp)·stock up 4.2% in the 30 days before

May 22·entry $256.55·now $271.98

AMOM · Weight decrease · 2d

HOWMET AEROSPACE INC. (HWM) currently trades at $260.35, positioning it at 95% of its 52-week high after delivering a +69.1% return over the past year and a +10.1% return in the last 30 days. This trajectory interacts directly with AMOM’s multi-signal momentum strategy, which targets names expected to extend their price runs rather than merely holding past performers. Despite HWM reporting 14.24% revenue growth and 33.12% ROE, its valuation metrics stand at a PER of 58.96 and PBR of 15.4. The consecutive weight decrease, from 2.21% on May 13 to 2.15% by May 15, indicates Qraft’s composite signals likely detected a reduction in the probability of HWM’s momentum extending further at this elevated price level. For this concentrated momentum sleeve, such a shift in position signals a clear recalibration of conviction.

weight 2.210% → 2.150% (-0.060 pp)·stock up 5.1% in the 30 days before

May 15·entry $260.35·now $271.98

AMOM · Weight decrease · 2d

The AI-managed ETF likely initiated consecutive weight decreases for HWM due to its extremely high PER and PBR, signaling potential overvaluation despite strong revenue growth and ROE. This suggests the AI is prioritizing risk management by reducing exposure to an asset it deems potentially overextended. Retail investors should view such AI actions as a prompt to carefully evaluate high valuation multiples, even for fundamentally sound companies, and consider whether current prices justify the inherent risk.

weight 2.270% → 2.200% (-0.070 pp)·stock up 8.3% in the 30 days before

May 11·entry $273.58·now $271.98

AMOM · Sudden change · 1d

The AI-managed ETF likely increased HWM's weight due to detecting a significant positive catalyst, such as an earnings beat or favorable sector outlook, leveraging HWM's strong 29.67% ROE and 11.06% revenue growth despite its high PER. Retail investors should view this as a prompt to investigate recent company news and aerospace sector developments, rather than an immediate buy signal, to understand the specific reasons justifying the AI's sudden strong conviction.

weight 1.480% → 2.040% (+0.560 pp)·stock up 3.0% in the 30 days before

May 4·entry $239.70·now $271.98

AMOM · Weight decrease · 2d

The AI ETF likely reduced its HWM weighting due to the stock's extremely high valuation multiples, specifically a PER of 64.23 and PBR of 15.4, which likely override its strong fundamentals. This indicates the AI perceives HWM as significantly overvalued at its current price. For retail investors, this emphasizes that even strong companies can be overbought, highlighting the necessity of balancing growth prospects with sensible valuation metrics to avoid potential corrections.

weight 1.560% → 1.500% (-0.060 pp)·stock up 4.9% in the 30 days before

Apr 27·entry $241.70·now $271.98

AMOM · Weight decrease · 2d

stock up 2.1% in the 30 days before

Apr 22·entry $240.88·now $271.98

AMOM · Weight decrease · 3d

stock up 5.7% in the 30 days before

Apr 18·entry $255.62·now $271.98

AMOM · Weight decrease · 2d

stock down 13.1% in the 30 days before

Mar 31·entry $230.46·now $271.98