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i-Shares Expanded Tech-Software ETF (IGV US)

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Question asked 11/04/2026

i-Shares Expanded Tech-Software ETF (IGV US)

Hi guys, just a quick one. What's your thoughts on the I-shares expanded tech-software IGV? I'm long on a leveraged position and have clearly missed something as it's hitting multi-year lows. I understand it has lots of holdings, but it would seem like most are getting a bounce, so which ones are pulling the price down? It appears to be trading at nav, but over 5% just in the last few days; 8.5% if we take the strong open from mid-week. The next obvious level is another ~8% lower. Thanks, Simon

Answer

Hi Simon,

We actually wrote about the IGV ETF on Friday, just after your question arrived at MM Here – the “AI Disruption Trade” continues to weigh heavily on the space.

The top 3 holdings in the ETF are Palantir 8.5%, Microsoft 8.5%, and Oracle 8% which have all struggled in the last 6-months, despite the NASDAQ trading within a few % of its all-time high. The remaining ~115 holdings have been hit to varying degrees, with notable holdings Salesforce, Atlassian, Adobe and others down 35-50%.

Our underlying view is the next +20% move is on the upside – we feel the low is close at hand but not in yet.

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Intuit Inc (INTU US)

LAST UPDATED 10/04/2026 09:59

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