PQNT · Exit · 1d
Minerals Technologies Inc. (MTX) is currently priced at $78.67, sitting at 95% of its 52-week high of $82.84, having delivered a 36.2% return over the past year and a 7.9% return in the last 90 days. This elevated position, particularly after a sustained advance, likely influenced the valuation factor within Pictet Asset Management's PQNT strategy, which integrates AI signals with fundamental, momentum, valuation, and sentiment exposures across its international developed-market portfolio. The systematic AI overlay of this newer fund likely flagged MTX as overextended on valuation metrics, even as its short-term momentum saw a moderated 1.1% gain in 30 days. Consequently, the fund began a phased exit during June 2026, systematically reducing its exposure from 0.0400% to 0.0000% in response to these evolving factor signals, aligning with its periodic rebalancing schedule.
weight 0.020% → 0 (exited)·stock up 4.8% in the 30 days before
Jun 20·entry $77.16·now $73.97