MSFT now commands a 13.3% weighting of the NASDAQ 100, or QQQ tracking stock. Does MSFT really deserve 13.3% weighting of an index? Company Name Symbol % Of Index (Adjusted) Abgenix, Inc. ABGX 0.12 ADC Telecommunications, Inc. ADCT 0.23 Adobe Systems Incorporated ADBE 0.6 Altera Corporation ALTR 0.89 Amazon.com, Inc. AMZN 0.52 Amgen Inc. AMGN 4.17 Andrx Group ADRX 0.22 Apollo Group, Inc. APOL 0.98 Apple Computer, Inc. AAPL 1.08 Applied Materials, Inc. AMAT 1.72 Applied Micro Circuits Corporation AMCC 0.24 Atmel Corporation ATML 0.13 BEA Systems, Inc. BEAS 0.3 Bed Bath & Beyond Inc. BBBY 1.64 Biogen, Inc. BGEN 0.97 Biomet, Inc. BMET 1.47 Broadcom Corporation BRCM 0.45 Brocade Communications Systems, Inc. BRCD 0.53 CDW Computer Centers, Inc. CDWC 0.6 Cephalon, Inc. CEPH 0.34 Charter Communications, Inc. CHTR 0.13 Check Point Software Technologies Ltd. CHKP 0.59 Chiron Corporation CHIR 1.47 CIENA Corporation CIEN 0.3 Cintas Corporation CTAS 1.27 Cisco Systems, Inc. CSCO 5.02 Citrix Systems, Inc. CTXS 0.18 Comcast Corporation CMCSK 1.26 Compuware Corporation CPWR 0.1 Comverse Technology, Inc. CMVT 0.22 Concord EFS, Inc. CEFT 1.38 Conexant Systems, Inc. CNXT 0.06 Costco Wholesale Corporation COST 1.17 Cytyc Corporation CYTC 0.18 Dell Computer Corporation DELL 3.57 Dollar Tree Stores, Inc. DLTR 0.45 eBay Inc. EBAY 1.75 EchoStar Communications Corporation DISH 0.58 Electronic Arts Inc. ERTS 1.22 Express Scripts, Inc. ESRX 0.48 Fiserv, Inc. FISV 1.2 Flextronics International Ltd. FLEX 0.63 Gemstar-TV Guide International Inc. GMST 0.25 Genzyme General GENZ 0.91 Gilead Sciences, Inc. GILD 0.95 Human Genome Sciences, Inc. HGSI 0.33 i2 Technologies, Inc. ITWO 0.05 ICOS Corporation ICOS 0.23 IDEC Pharmaceuticals Corporation IDPH 1.11 ImClone Systems Incorporated IMCL 0.08 Integrated Device Technology, Inc. IDTI 0.19 Intel Corporation INTC 6.12 Intuit Inc. INTU 1.64 Invitrogen Corporation IVGN 0.26 JDS Uniphase Corporation JDSU 0.49 Juniper Networks, Inc. JNPR 0.26 KLA-Tencor Corporation KLAC 1.22 Lincare Holdings Inc. LNCR 0.47 Linear Technology Corporation LLTC 1.7 LM Ericsson Telephone Company ERICY 0.08 Maxim Integrated Products, Inc. MXIM 2.12 MedImmune, Inc. MEDI 1.14 Mercury Interactive Corporation MERQ 0.3 Microchip Technology Incorporated MCHP 0.5 Microsoft Corporation MSFT 13.13 Millennium Pharmaceuticals, Inc. MLNM 0.64 Molex Incorporated MOLX 0.42 Network Appliance, Inc. NTAP 0.37 Nextel Communications, Inc. NXTL 0.8 Novellus Systems, Inc. NVLS 0.58 NVIDIA Corporation NVDA 0.22 Oracle Corporation ORCL 3.28 PACCAR Inc. PCAR 0.72 PanAmSat Corporation SPOT 0.65 Paychex, Inc. PAYX 1.13 PeopleSoft, Inc. PSFT 1.08 PMC - Sierra, Inc. PMCS 0.21 Protein Design Labs, Inc. PDLI 0.16 QLogic Corporation QLGC 0.49 QUALCOMM Incorporated QCOM 3.52 Rational Software Corporation RATL 0.19 RF Micro Devices, Inc. RFMD 0.17 Sanmina-SCI Corporation SANM 0.31 Sepracor Inc. SEPR 0.06 Siebel Systems, Inc. SEBL 0.71 Sigma-Aldrich Corporation SIAL 0.51 Smurfit-Stone Container Corporation SSCC 0.49 Staples, Inc. SPLS 0.73 Starbucks Corporation SBUX 1.53 Sun Microsystems, Inc. SUNW 0.86 Symantec Corporation SYMC 0.67 Synopsys, Inc. SNPS 0.42 Tellabs, Inc. TLAB 0.2 TMP Worldwide Inc. TMPW 0.16 USA Interactive USAI 1.37 VeriSign, Inc. VRSN 0.18 VERITAS Software Corporation VRTS 1.09 Vitesse Semiconductor Corporation VTSS 0.04 Xilinx, Inc. XLNX 1.14 Yahoo! Inc. YHOO 0.5 Source of data listed above: http://dynamic.nasdaq.com/dynamic/nasdaq100_activity.stm
Were you being sarcastic? 'cause the weighting of any company on QQQ is automatically adjusted based on market cap - as other techs have been nailed/share prices shrunk and MSFT has somewhat held firm it's % has increased... if you look at it daily you will see the %%% change over time. (Not meaning to be confrontational but just informative) Paul
I think I know what you are getting at when you say "deserve". Basically, a truly representative index of 100 stocks would not have 1 stock equal to 13% of the index. I've got one word for you....REBALANCING. The great rebalancing is coming. The composition of the nasdaq 100 is going to change in a big way.