NEM

PQUS · Weight decrease · 2d

The weight of Newmont Corp in PQUS shows a gradual, stepped reduction, decreasing from 0.26% to 0.23% over an eight-day period, with a short plateau before further declines. This measured cadence aligns with Pictet Asset Management's stated strategy for PQUS, which emphasizes a US large-cap style with measured turnover and periodic rebalances. The AI ranking system within PQUS appears to be reacting to NEM's recent price weakness, evidenced by its 30-day return of -19.8% and current position at 72% of its 52-week high, despite its 26.93% revenue growth. This pattern of incremental reduction in the Materials sector stock at $95.35 suggests the AI's re-ranking mechanism is de-emphasizing recent negative momentum while maintaining sector-balance within the ~165 US large-cap portfolio. Such a controlled de-risking approach is consistent with a newer fund managing its portfolio with precision.

weight 0.250% → 0.230% (-0.020 pp)·stock down 10.4% in the 30 days before

Jun 26·entry $96.13·now $89.20

PQUS · Weight decrease · 2d

NEM's financial attributes, including its 26.93% revenue growth and 25.22% return on equity, combined with a 13.56 PER and 3.22 PBR, initially positioned it favorably within the US large-cap universe for Pictet's AI ranking system, which seeks to identify companies with strong fundamental performance for its US large-cap portfolio. These metrics likely supported the stock's place in the ~165 US large-cap portfolio, a fund known for its measured turnover, given the underlying AI system's assessment. However, the consecutive weight decrease from 0.3800% to 0.2500% between May 15 and May 22, 2026, coinciding with NEM’s recent 30-day return of -10.4% and the stock trading at 82% of its 52-week high, suggests Pictet's AI ranking system is adjusting to this short-term downward price momentum despite the company's prior 1-year return of +103.3%. This adjustment, while within the ETF's periodic rebalancing and reflecting the AI's dynamic ranking, still adheres to the fund’s sector-balance and concentration rules, ensuring a gradual modification rather than an abrupt exit.

weight 0.340% → 0.250% (-0.090 pp)·stock down 3.1% in the 30 days before

May 22·entry $107.64·now $89.20

PQUS · Weight decrease · 2d

The fund exhibits a distinct stepped weight reduction for NEM, moving from 0.3800% to 0.3400% over May 16th and 17th. This gradual, non-daily adjustment aligns with Pictet Asset Management's stated approach for PQUS, which undertakes periodic rebalances rather than constant daily adjustments. Given Newmont Corp's current price of $109.06, sitting at 83% of its 52-week high following a 108.3% 1-year return, the AI ranking system likely identified the stock as having reached an elevated valuation. Even with its 26.93% revenue growth and 25.22% ROE, the AI system, adhering to US large-cap investment style and concentration rules, appears to have slightly trimmed the position to manage portfolio exposures or reallocate capital based on current valuations.

weight 0.380% → 0.340% (-0.040 pp)·stock down 3.8% in the 30 days before

May 17·entry $109.85·now $89.20

QRFT · Weight decrease · 2d

NEM presents a PER of 11.75 and a PBR of 3.22, paired with a revenue growth of 26.93% and ROE of 25.22%, metrics QRFT’s AI likely considers when blending traditional value, quality, and momentum factors for its broad large-cap core portfolio. Despite these underlying fundamentals, QRFT initiated a consecutive daily reduction in its NEM weighting, decreasing it from 0.2400% on June 22nd to 0.2200% by June 24th. This rebalance closely follows a significant pullback in NEM's price, with 30-day and 90-day returns showing declines of -21.4% and -25.2% respectively. Qraft AI's proprietary alternative-data overlays likely identified this short-term price deterioration for the stock, currently trading at $94.04 and 71% of its 52-week high, signaling a tactical move to reduce exposure based on recent performance trends rather than solely on longer-term gains or current valuation.

weight 0.240% → 0.220% (-0.020 pp)·stock down 12.6% in the 30 days before

Jun 24·entry $94.04·now $89.20

QRFT · Weight decrease · 2d

weight 0.250% → 0.230% (-0.020 pp)·stock down 12.8% in the 30 days before

Jun 8·entry $98.99·now $89.20

QRFT · Weight decrease · 2d

The pattern for Newmont Corp. in QRFT reveals a distinct, two-step weight decrease, moving from 0.27% down to 0.25% across May 14th and 15th, following a period of stability and a previous minor increase. This gradual reduction, executed by Qraft's AI, suggests a nuanced re-evaluation of NEM's position within the diversified large-cap core fund. At a current price of $109.06, which represents 83% of its 52-week high despite a recent 30-day dip of 3.3%, the AI likely detected a subtle deceleration in momentum or a shift in its relative attractiveness. Integrating traditional factors like value (PER 13.87, PBR 3.22) and momentum alongside its proprietary alternative-data overlays, the Qraft AI, which rebalances weekly, adapted NEM's allocation. This move reflects the fund's dynamic approach to optimizing its ~300 US large-cap holdings, where even a company with 26.93% revenue growth and 25.22% ROE can see adjustments if its overall profile, at this elevated price level, no longer aligns optimally with the AI’s multi-factor selection criteria.

weight 0.270% → 0.250% (-0.020 pp)·stock down 3.8% in the 30 days before

May 15·entry $109.06·now $89.20

QRFT · Weight decrease · 2d

stock down 5.0% in the 30 days before

May 4·entry $108.33·now $89.20

AMOM · Exit · 1d

Newmont Corp's 26.93% revenue growth and 25.22% return on equity, alongside a PER of 12.19 and PBR of 3.22, likely contributed to its initial selection by Qraft's AMOM, aligning with the ETF's focus on fundamental momentum signals. However, Qraft Technologies’ AMOM, seeking companies expected to extend their runs, detected a decisive shift as Newmont experienced a -9.6% return over 30 days and a -21.8% return over 90 days. This substantial erosion in short-to-medium term price momentum, a critical input for the fund's multi-signal composite, became inconsistent with extending a run, prompting the full removal from the concentrated portfolio. Reducing the position from 2.23% to 0.00% on July 2nd, with NEM trading at $97.04 (74% of its 52-week high), exemplifies the conviction-driven adjustments of this momentum fund when signals for continued upward trajectory dissipate.

weight 2.230% → 0 (exited)·stock down 11.4% in the 30 days before

Jul 2·entry $97.04·now $89.20

AMOM · Weight decrease · 2d

Newmont Corp, currently priced at $93.40, sits at 71% of its 52-week high, experiencing recent declines of -15.0% over 30 days and -23.5% over 90 days, despite a +59.6% 1-year return. This significant deterioration in short-term price trend directly influences Qraft's AMOM, which utilizes a multi-signal momentum composite to pick names expected to extend their runs. The consecutive weight decreases, notably from 2.25% to 2.20% and later 2.19% to 2.13% in June, indicate the algorithm's systematic response to this reversal, suggesting the negative price momentum now outweighs other factors like NEM's 26.93% revenue growth or 25.22% ROE. As a concentrated momentum sleeve with weekly rebalancing, AMOM's consistent reduction in NEM's weight reflects a loss of conviction in the stock's ability to maintain upward price trajectory, prompting a calibrated exit in line with its strategy.

weight 2.310% → 2.130% (-0.180 pp)·stock down 14.9% in the 30 days before

Jun 30·entry $93.40·now $89.20

AMOM · Weight decrease · 2d

NEWMONT CORP (NEM) currently trades at $96.13, positioned at 73% of its 52-week high, following a 1-year return of +66.0%. However, the stock has recently pulled back, showing a -17.4% return over 30 days and a -22.9% decline over 90 days. Qraft's AMOM ETF, which aims to identify and hold names expected to extend their runs using a multi-signal momentum composite including price trends and alternative data, has been consistently reducing its exposure to NEM. This series of weight decreases, from 2.59% to 2.20% between June 16 and June 25, indicates that the AI manager's signals suggest a loss of forward momentum for NEM, despite its 26.93% revenue growth and 25.22% ROE. The concentrated momentum sleeve of AMOM, by design, acts on such conviction changes, leading to this sequential de-weighting as the stock shows signs of faltering from its prior run.

weight 2.330% → 2.200% (-0.130 pp)·stock down 14.6% in the 30 days before

Jun 25·entry $95.35·now $89.20

AMOM · Weight decrease · 3d

NEM's Revenue Growth of 26.93% and ROE of 25.22% typically indicate strong fundamental momentum, aligning with Qraft Technologies' multi-signal composite for AMOM's concentrated portfolio. However, despite a PER of 12.32 and PBR of 3.22, the sharp recent price deterioration, evidenced by a -12.6% 30-day return and -18.3% 90-day return from a $101.80 price, likely triggered the ETF's price trend signals. This significant shift in price trajectory, diverging from the earlier +91.1% 1-year return and putting the stock at 77% of its 52-week high, led AMOM to reduce NEM's weight consecutively from 2.59% on June 16 to 2.31% by June 22. Given AMOM's method of picking names expected to extend their runs and its concentrated design, these adjustments signify a clear conviction away from Newmont Corp as its momentum indicators have turned negative.

weight 2.590% → 2.310% (-0.280 pp)·stock down 5.2% in the 30 days before

Jun 22·entry $101.80·now $89.20

AMOM · Weight decrease · 2d

NEM, currently priced at $103.79, sits at 79% of its 52-week high of $131.95, having recently posted a -8.5% 30-day return and a -14.6% 90-day return after a significant +98.2% gain over the past year. This recent deceleration in price momentum likely triggered Qraft Technologies' AMOM, an AI-managed ETF designed to identify names expected to extend their runs using a multi-signal momentum composite. The consecutive weight decreases in NEM from June 16-18, specifically from 2.59% to 2.41%, indicate that the fund's model detected a weakening short-term trend or a shift in its underlying earnings and alternative-data signals for the Materials company. Despite NEM's 26.93% revenue growth and 25.22% return on equity, the model's weekly rebalance within its concentrated momentum sleeve suggests a withdrawal of conviction in the immediate upward trajectory, leading to the systematic reduction in allocation.

weight 2.590% → 2.410% (-0.180 pp)·stock down 1.2% in the 30 days before

Jun 18·entry $103.79·now $89.20

AMOM · Weight decrease · 2d

weight 2.580% → 2.460% (-0.120 pp)·stock down 12.8% in the 30 days before

Jun 8·entry $98.99·now $89.20

AMOM · Sudden change · 1d

Qraft Technologies' AMOM, with its weekly rebalancing of approximately 50 US large caps, employs a multi-signal momentum composite to select names poised to extend their runs. The sudden increase in Newmont Corp's weight to 2.61% on June 2nd reflects a high-conviction signal from the fund's concentrated momentum sleeve. This allocation change suggests the AI’s models are weighing NEM's 1-year return of +109.4% and its 25.22% ROE as potent indicators of continued upward trajectory for the Materials sector stock. The system likely identified a convergence of positive trends within its earnings revisions, fundamental momentum, or alternative-data signals that superseded recent flat price action, indicating a new phase of momentum.

weight 1.990% → 2.610% (+0.620 pp)·stock up 0.8% in the 30 days before

Jun 2·entry $109.50·now $89.20

AMOM · Weight decrease · 3d

Qraft Technologies' AMOM, designed to identify US large caps expected to extend their runs using a multi-signal momentum composite, has initiated a consecutive weight decrease in Newmont Corp. The fund's weekly rebalance cadence enables swift adjustments to its concentrated momentum sleeve when underlying signals shift. This pattern suggests that momentum indicators, encompassing price trends and alternative-data signals, no longer support NEM extending its run. The algorithmic manager likely reacted to the stock's recent 30-day return of -3.3%, signaling a weakening of its positive momentum.

weight 2.300% → 2.120% (-0.180 pp)·stock down 3.8% in the 30 days before

May 15·entry $109.06·now $89.20

AMOM · Sudden change · 1d

stock down 5.0% in the 30 days before

May 4·entry $108.33·now $89.20

LQAI · Exit · 1d

stock up 2.7% in the 30 days before

May 12·entry $119.69·now $89.20

AIEQ · Exit · 1d

stock down 4.5% in the 30 days before

May 3·entry $108.33·now $89.20

AIEQ · Weight decrease · 3d

stock up 2.6% in the 30 days before

Apr 30·entry $111.09·now $89.20