Nasdaq 100’s Special Rebalance

How Nasdaq 100's Special Rebalance Punishes The 'Magnificent 7'

What's prompting the rare special rebalance in the Nasdaq 100? It's triggered when all the Nasdaq 100 stocks with individual 4.5% market value weights collectively account for 48% or more of the index.

And that happened on July 3, with six stocks: Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA), Alphabet (GOOGL), (AMZN) and Tesla (TSLA). Together they accounted for 50.9% of the Nasdaq, Bespoke found. It's the third time since 1998 this rebalance happened.

Nasdaq Rebalance Table
New individual weightings in Nasdaq.