Special rebalance for the Nasdaq 100 explained

Special rebalance for the Nasdaq 100

The US tech-heavy index Nasdaq 100 has announced a one-of-a-kind rebalance which will take place before the market opens, on Monday, 24 July 2023.

The reason behind the special rebalance is simple: the 7 top stocks have grown so much that they have reached the weight limit set by the index for each stock.

More than 50% of the index is composed only of Microsoft, Apple, Google, NVIDIA, Amazon, Tesla, and Meta.

The new rebalance will not remove any of the existing stocks and will not add any new ones, it will only help to redistribute the weight of the stocks to avoid overconcentration as well as reduce the risks.

The direct consequence of the newly announced rebalance of the Nasdaq is that mutual funds and ETFs have to sell part of their existing top 7 shares (Microsoft, Apple, Google, NVIDIA, Amazon, Tesla, and Meta) and increase their positions in the remaining 93 stocks.

On today’s news

  • Threads, the new social media launched last Wednesday by Meta Platform, has reached more than 100 million users worldwide and has exceeded the expectation of its owner Mark Zuckerberg. Meta stocks are going up.
  • Microsoft has announced a round of layoffs after the January job cut of 10,000 people. Yesterday the company announced that additional 276 people will have to leave Microsoft.

Portfolio update

I am rebalancing my portfolio gradually.

I am adding new positions and will close some in the upcoming months.

If you are already copying my portfolio, please keep the copy open.

If you are thinking of copying me, now is the right time, if you can invest for the long term (years).

Remember to copy the open trades to optimize the copy.

Remember to set the stop loss on the copy at the minimum level, so you don’t get stopped if there is a correction.

Thank you, everyone. Have a nice day!

Steps to follow to copy my portfolio automatically:

1. Create an eToro account here: https://federicamontella.com/go/etoro/

2. Verify your account and make a deposit of at least 200 USD (you can deposit in any currency, like GBP and EUR)

3. Go to my profile page: https://federicamontella.com/go/etoro-passionforprofit/

4. Start the copy (copy open trades and set the lowest stop loss possible, to allow some movement)

5. Enjoy, it’s all automatic. You will make passive income 24/7

Let me know if you have any questions.


Federica Montella

eToro Popular Investor


Follow me on social media






eToro Disclaimer

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. {etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

Crypto Investing Risk Warning

Crypto assets are highly volatile. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest.
This is a high-risk investment, and you should not expect to be protected if something goes wrong.

Read the full disclaimer

Sign up to receive my latest articles in your inbox

I agree that my data is used according to the privacy policy

Author: Federica Montella
eToro Popular Investor, food lover and blogger. Stock trader and Popular Investor at eToro. I am on a mission to find the best restaurants and food to eat.