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Is SPMO Still Worth It? The Truth About The Reconstitution
Published 1 month ago
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SPMO's September reconstitution just removed Nvidia — up over 30% in the past year — and replaced it with Apple, and if that sounds backwards, this video explains exactly why it isn't. The fund doesn't care about analyst upgrades or your feelings about a stock, it just follows a 12-month trailing momentum score, and when Nvidia no longer ranked at the top of that scorecard, the process took it out with zero emotion. The real risks here aren't Nvidia leaving or Apple joining — they're the stale seven-week signal lag, the turnover-driven tax drag in taxable accounts, and what happens when market leadership reverses suddenly and the fund can't rotate for six months.
🎓 Free 6-part options course: 👉 https://optionsellersschool.com/free-course/
SPMO's September reconstitution just removed Nvidia — up over 30% in the past year — and replaced it with Apple, and if that sounds backwards, this video explains exactly why it isn't. The fund doesn't care about analyst upgrades or your feelings about a stock, it just follows a 12-month trailing momentum score, and when Nvidia no longer ranked at the top of that scorecard, the process took it out with zero emotion. The real risks here aren't Nvidia leaving or Apple joining — they're the stale seven-week signal lag, the turnover-driven tax drag in taxable accounts, and what happens when market leadership reverses suddenly and the fund can't rotate for six months.