Equal-Weighted ETF Sale Sparks Market Reflection

On November 7, 2025, the Securities and Exchange Commission bore witness to a transaction that, in the annals of financial history, may one day be cited as a moment of quiet introspection. Frisch Financial, having held 180,506 shares of QQQE by quarter’s end, reduced its stake by nearly a quarter, leaving the position valued at $18.34 million. This was no mere arithmetic adjustment but a statement-a recalibration of faith in the equal-weighted doctrine amid the tempest of market forces. The price of QQQE, $101.08 on that date, bore the faint scars of a year’s labor, rising 8.12% yet trailing the S&P 500 by 3.88 percentage points, a subtle rebuke to the egalitarian ideals of its construction.







