BenWerkman on Nostr: $MSTR Nasdaq 100 Tracking - 11/29/2024 (Snapshot Day) Well today is the snapshot day ...
$MSTR Nasdaq 100 Tracking - 11/29/2024 (Snapshot Day)
Well today is the snapshot day for the Nasdaq 100 data. As of today, MSTR would find themselves at a ranking position of #52 (officially #51 due to Google having 2 slots for GOOG and GOOGL).
This position comes with an estimated inflow of $936.9M from the top 3 funds (QQQ, QQQM, QQQE).
So here is what we are looking for now:
12/13 - Official announcement
12/20 - Reconstitution (changes effective)
So let's keep an eye on those dates.
There has been some confusion going around about the differences between Nasdaq 100 and QQQ/other funds as it pertains to changes/rebalancing.
Nasdaq 100 is updated once per year. There are situations where changes may be made quarterly for mid-year removals and additions, but for practical purposes consider this a one time event at the end of each year.
For QQQ, it is slightly different. While major changes to inclusions will follow along with Nasdaq 100, they will rebalance their fund based on market cap weighted adjustments quarterly throughout the year.
One other fun fact just from doing this, if you are holding QQQ you may want to consider giving QQQM a look. While the liquidity is lower, so is the expense ratio so if it is a long term position for you then you may want to lower expenses for the same exposure. But I digress.
I will be looking for official updates to the AUM for the 3 funds I am tracking to get us an accurate figure on the inflows. My hunch is those numbers will be out on Monday (there is a delay in reporting). Keep an eye out on that update.
While there are many schools of thought on the "Financial" standing of MSTR, I still personally see them getting included. To not include them would be a deviation in methodology and a one off that I don't think is likely to happen at this stage. If there are changes to be made to classifications, I think it would have to come as a much broader update to the methodology and not done to single out a single entity. After all, all companies have a treasury function. MSTR just does it better than most.
I hope everyone enjoyed the holiday! We have much to look forward to as we move towards 2025!
Well today is the snapshot day for the Nasdaq 100 data. As of today, MSTR would find themselves at a ranking position of #52 (officially #51 due to Google having 2 slots for GOOG and GOOGL).
This position comes with an estimated inflow of $936.9M from the top 3 funds (QQQ, QQQM, QQQE).
So here is what we are looking for now:
12/13 - Official announcement
12/20 - Reconstitution (changes effective)
So let's keep an eye on those dates.
There has been some confusion going around about the differences between Nasdaq 100 and QQQ/other funds as it pertains to changes/rebalancing.
Nasdaq 100 is updated once per year. There are situations where changes may be made quarterly for mid-year removals and additions, but for practical purposes consider this a one time event at the end of each year.
For QQQ, it is slightly different. While major changes to inclusions will follow along with Nasdaq 100, they will rebalance their fund based on market cap weighted adjustments quarterly throughout the year.
One other fun fact just from doing this, if you are holding QQQ you may want to consider giving QQQM a look. While the liquidity is lower, so is the expense ratio so if it is a long term position for you then you may want to lower expenses for the same exposure. But I digress.
I will be looking for official updates to the AUM for the 3 funds I am tracking to get us an accurate figure on the inflows. My hunch is those numbers will be out on Monday (there is a delay in reporting). Keep an eye out on that update.
While there are many schools of thought on the "Financial" standing of MSTR, I still personally see them getting included. To not include them would be a deviation in methodology and a one off that I don't think is likely to happen at this stage. If there are changes to be made to classifications, I think it would have to come as a much broader update to the methodology and not done to single out a single entity. After all, all companies have a treasury function. MSTR just does it better than most.
I hope everyone enjoyed the holiday! We have much to look forward to as we move towards 2025!