CNBC
30 May 2026, 12:56 UTC · 3h ago
Source · https://www.cnbc.com/2026/05/30/josh-brown-thinks-investors-want-more-than-index-funds.html
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Josh Brown's new Porterhouse momentum strategy currently excludes all 'Magnificent Seven' stocks from its 58 holdings. — A high-profile advisor moving away from the largest cap tech leaders suggests a rotation in leadership and a potential peak in the concentrated 'big tech' trade.
-0.40The Porterhouse strategy employs a rules-based momentum approach that can hold cash when stocks violate sell rules, rather than remaining fully invested. — The ability to move to cash reduces downside risk for clients, though it may result in missing the start of a recovery.
+0.20Ritholtz Wealth Management and Franklin Templeton have launched 'Porterhouse,' a concentrated SMA focused on companies with strong earnings growth and price strength. — The launch of a new product represents a shift toward active, concentrated momentum strategies over pure passive indexing.
+0.10Ticker attribution
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Model heads
Highlighted as one of the strategy's strongest performers with a stock price increase of over 140% due to AI infrastructure demand.
Mentioned as an example of a strategy that may no longer be simple or guaranteed to win due to expected mean reversion.
Mentioned alongside Apple as a stock that may face mean reversion, and is explicitly excluded from the current Porterhouse holdings.
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