These are the Top 10 holdings
TSLA
AAPL
AMZN
F
AMC
MSFT
NIO
DIS
APE
GME
Source: https://www.wsj.com/livecoverage/stock-market-news-today-09-09-2022/card/robinhood-unveils-index-to-track-customers-favored-stocks-ZrJTA44rptmFamYRxL6k
Robinhood Markets is launching an index to track the favorite stocks of its millions of predominantly young, social-media-savvy customers. The brokerage firm’s new “Robinhood Investor Index” will track the performance of the 100 investments most popular among its user base. Initially, the top five stocks in the index will be Tesla , Apple, Amazon.com, Ford Motor and meme-stock favorite AMC Entertainment Holdings. Robinhood said it would update the composition of the index monthly, offering a view into its customers’ changing tastes. In an unusual approach to constructing an index, Robinhood said it would weight stocks in the index by the “conviction” customers have in them, defined as the percentage of assets in a customer’s portfolio devoted to a particular stock.
That means that if many Robinhood users devote a large part of their portfolio to one stock, it would rank higher in the index, even if those users’ holdings were relatively small. Robinhood tends to have less-affluent customers, with smaller accounts, than other brokerages.
Robinhood has experimented with sharing such data before. During the early months of the pandemic, it released hourly data on the popularity of stocks among its customers, which were aggregated by the third-party website Robintrack.net. The site became a popular way to track retail-investor activity until Robinhood shut off the data feed in August 2020, citing concerns that its data could be “misconstrued or misunderstood.”
