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Part of rebalancing. 1-year-performance based, equal-weighted long-short momentum strategy, long leg (25 stocks with highest cumulative returns during last 12 months). New position.
According to the data from US NYE stocks price list (1 year change), this company is among the best performers and will therefore be included in our momentum portfolio of 20 best performers, with an equal weight on each stock. The price change for this company was +88%