Apple ($AAPL) From 20% to 12% of Nasdaq 100

I’m in and out of $QQQ from time to time as a method to adjust portfolio beta.  One of my friends jokes, “$QQQ?  You might as well just buy $APPL!”

Beginning May 2nd, the Apple weighting in the Nasdaq 100 will go from 20% to 12%.  Still not the most diversified ETF on the planet, but something more reasonable than loading the basket with iPads and iPhones.

This means the QQQ will have more Microsoft and Oracle.  Those stocks are the 90’s darlings, and definitely not as sexy.