• Home
  • Pro
  • Partners
  • Help and support
  • English
  • 中文版
Pepperstone logo
Pepperstone logo
  • Ways to trade
    • Trading accounts

      Choose from two account types depending on your strategy

    • Premium clients

      Exclusive rewards and bespoke benefits for high-vol traders

    • Pricing

      Discover our tight spreads, plus all other possble fees

    • Pro
    • Active trader program
    • Refer a friend
    • Trading hours
    • 24-hour trading
    • Maintenance schedule
    • Risk management
    • Funding and withdrawals
  • Markets
    • Margin FX

      Get great rates on majors like EUR/USD, plus minors and exotics

    • Commodity CFDs

      Trade on metals, energies & softs, with oil spreads from 2 cents

    • Cryptocurrency CFDs

      Speculate on Bitcoin, Ether and more, with a trusted broker

    • Share CFDs
    • Index CFDs
    • ETF CFDs
    • Currency Index CFDs
    • Dividends for index CFDs
    • Dividends for share CFDs
    • CFD forwards
  • Trading platforms
    • TradingView

      Trade through the world-famous supercharts with great pricing

    • MetaTrader 5

      Explore the apex in trading automation with our execution tech

    • The Pepperstone platform
    • MetaTrader 4
    • cTrader
    • Trading tools
  • Market analysis
    • Navigating markets

      Latest news and analysis from our experts

    • The Daily Fix

      Your regular round-up of key events

    • Meet the analysts

      Our global team giving your trading the edge

  • About us
    • Who we are

      Pepperstone was born from the dream of making trading better

    • Company news
    • Company awards
    • Protecting clients online
    • Trading accounts

      Choose from two account types depending on your strategy

    • Premium clients

      Exclusive rewards and bespoke benefits for high-vol traders

    • Pricing

      Discover our tight spreads, plus all other possble fees

    • Pro
    • Active trader program
    • Refer a friend
    • Trading hours
    • 24-hour trading
    • Maintenance schedule
    • Risk management
    • Funding and withdrawals
    • Margin FX

      Get great rates on majors like EUR/USD, plus minors and exotics

    • Commodity CFDs

      Trade on metals, energies & softs, with oil spreads from 2 cents

    • Cryptocurrency CFDs

      Speculate on Bitcoin, Ether and more, with a trusted broker

    • Share CFDs
    • Index CFDs
    • ETF CFDs
    • Currency Index CFDs
    • Dividends for index CFDs
    • Dividends for share CFDs
    • CFD forwards
    • TradingView

      Trade through the world-famous supercharts with great pricing

    • MetaTrader 5

      Explore the apex in trading automation with our execution tech

    • The Pepperstone platform
    • MetaTrader 4
    • cTrader
    • Trading tools
    • Navigating markets

      Latest news and analysis from our experts

    • The Daily Fix

      Your regular round-up of key events

    • Meet the analysts

      Our global team giving your trading the edge

    • Who we are

      Pepperstone was born from the dream of making trading better

    • Company news
    • Company awards
    • Protecting clients online

Understanding the NASDAQ-100: A Guide to the Tech-Heavy Index

11 Apr 2024
Share
Unlike the S&P 500, the NASDAQ-100 focuses solely on the Nasdaq exchange and excludes financial institutions, making it a unique benchmark for tech-focused investment strategies.

NAS 100

The NAS 100 (also known as NDX, NDX100 or US100), often referred to as the Nasdaq 100, or simply the ‘Nasdaq’ for short, is a market capitalisation-weighted index comprising 101 stocks issued by the largest 100 non-financial companies traded on the Nasdaq stock exchange.

Launched in 1985, the base price of the index was initially 250, however this was halved in the early-1990s. Foreign firms were first admitted to the index in 1998.

In contrast to the US 500, the Nasdaq is limited solely to securities listed on one exchange, its namesake, while also excluding any companies in the financial services sector, which are listed in a separate index.

Stringent Selection Criteria

The NAS 100 uses stringent selection criteria. Beyond the exchange where a company's shares trade, factors like average daily trading volume and a minimum three-month listing requirement on an "established US market" come into play. Previously, stocks in the index were also limited to a single share class, though this requirement has since been relaxed. The NAS 100 is typically rebalanced on an annual basis, in December, when constituents are amended, and other appropriate adjustments are made.

In a similar manner to the US 500, the NAS 100 has displayed strong historical performance of late, albeit with higher volatility, befitting of its high-beta, tech-heavy nature. It's important to remember that past performance doesn't guarantee future results, and careful research is crucial before making any investment decisions.

Preview

The weightings of the top 50 index constituents can be found below, as of the time of writing:

Position

Stock

Ticker

Weighting as of 01/10/2024

1

Apple Inc

AAPL

8.86%

2

Microsoft Corp

MSFT

8.14%

3

NVIDIA Corp

NVDA

7.62%

4

Broadcom Inc

AVGO

5.29%

5

Amazon.com Inc

AMZN

5.05%

6

Meta Platforms Inc

META

5.04%

7

Tesla Inc

TSLA

3.22%

8

Costco Wholesale Corp

COST

2.59%

9

Alphabet Inc

GOOGL

2.46%

10

Alphabet Inc

GOOG

2.36%

11

Netflix Inc

NFLX

2.01%

12

Advanced Micro Devices Inc

AMD

1.76%

13

T-Mobile US Inc

TMUS

1.58%

14

PepsiCo Inc

PEP

1.54%

15

Linde PLC

LIN

1.51%

16

Adobe Inc

ADBE

1.51%

17

Cisco Systems Inc

CSCO

1.41%

18

Texas Instruments Inc

TXN

1.26%

19

QUALCOMM Inc

QCOM

1.25%

20

Amgen Inc

AMGN

1.15%

21

Intuit Inc

INTU

1.14%

22

Intuitive Surgical Inc

ISRG

1.13%

23

Applied Materials Inc

AMAT

1.12%

24

Comcast Corp

CMCSA

1.06%

25

Booking Holdings Inc

BKNG

0.94%

26

Honeywell International Inc

HON

0.89%

27

Vertex Pharmaceuticals Inc

VRTX

0.79%

28

Micron Technology Inc

MU

0.79%

29

Analog Devices Inc

ADI

0.76%

30

Regeneron Pharmaceuticals Inc

REGN

0.75%

31

Automatic Data Processing Inc

ADP

0.74%

32

Starbucks Corp

SBUX

0.73%

33

Palo Alto Networks Inc

PANW

0.72%

34

Lam Research Corp

LRCX

0.71%

35

KLA Corp

KLAC

0.70%

36

MercadoLibre Inc

MELI

0.69%

37

Gilead Sciences Inc

GILD

0.69%

38

Intel Corp

INTC

0.68%

39

Mondelez International Inc

MDLZ

0.65%

40

PDD Holdings Inc ADR

PDD

0.60%

41

Cintas Corp

CTAS

0.54%

42

Constellation Energy Corp

CEG

0.53%

43

PayPal Holdings Inc

PYPL

0.53%

44

ASML Holding NV

ASML

0.52%

45

Synopsys Inc

SNPS

0.52%

46

Cadence Design Systems Inc

CDNS

0.50%

47

Marriott International Inc/MD

MAR

0.47%

48

CSX Corp

CSX

0.44%

49

Crowdstrike Holdings Inc

CRWD

0.44%

50

O'Reilly Automotive Inc

ORLY

0.44%

The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research we will not seek to take any advantage before providing it to our clients.

Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.

Other sites

  • The Trade Off
  • Partners
  • Group
  • Careers

Ways to trade

  • Pricing
  • Trading accounts
  • Pro
  • Premium Clients
  • Active Trader program
  • Refer a friend
  • Trading hours

Platforms

  • Trading Platforms
  • Trading tools

Markets & Symbols

  • Forex
  • Shares
  • ETFs
  • Indices
  • Commodities
  • Currency indices
  • Cryptocurrencies
  • CFD Forwards

Analysis

  • Navigating Markets
  • The Daily Fix
  • Meet the analysts

Learn to Trade

  • Trading Guides
  • Videos
  • Webinars
Pepperstone logo
support@pepperstone.com
1300 033 375
Level 16, Tower One, 727 Collins Street
Melbourne, VIC Australia 3008
  • Legal documents
  • Privacy policy
  • Website terms and conditions
  • Cookie policy
  • Whistleblower Policy
  • Sitemap

© 2025 Pepperstone Group Limited

Risk Warning: Trading CFDs and margin FX is risky. It isn't suitable for everyone and if you are a professional client, you could lose substantially more than your initial investment. You don't own or have rights in the underlying assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't take into account your personal objectives, financial circumstances, or needs. You should consider whether you’re part of our target market by reviewing our TMD, and read our PDS and other legal documents to ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice if necessary.

Pepperstone Group Limited is located at Level 16, Tower One, 727 Collins Street, Melbourne, VIC 3008, Australia and is licensed and regulated by the Australian Securities and Investments Commission.

The information on this site and the products and services offered are not intended for distribution to any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

© 2024 Pepperstone Group Limited | ACN 147 055 703 | AFSL No.414530