Quick Read – MTUM climbed 30% YTD to $326, but its AI/cloud mega-cap holdings are fracturing while one stock masks broader portfolio weakness. – Micron (MU) surged 801% in a year, and its top-tier momentum score could push MTUM’s semiconductor weight sharply higher after…
vember’s rebalance. – A 10-year Treasury yield break above 4.75% would compress MTUM’s long-duration AI holdings before November’s reconstitution can rescue the portfolio. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Microsoft didn’t make the cut. Grab the names FREE today
The iShares MSCI USA Momentum Factor ETF (NYSEARCA:MTUM) has run hard this year, climbing 30% year to date and 38% over the past 12 months to roughly $326. Headline numbers, though, mask a violent rotation inside MTUM’s portfolio. The AI/cloud mega-caps that powered the momentum trade through 2025 have stumbled, while one AI-memory name has done almost all the lifting.
With the next MSCI semi-annual reconstitution due in late November, MTUM holders need to understand exactly what the rebalance could rewire. What MTUM Owns Right Now and Why the Mix Is Cracking MTUM tracks the MSCI USA Momentum Index, which selects large- and mid-cap U.S. stocks scored on risk-adjusted 6- and 12-month price momentum. Expense ratio is a cheap 0.15%, and the fund rebalances semi-annually in May and November.