The Minutes of Marc Rowan on concentration https://minutesof.com/marc-rowan/on/concentration/ Everything Marc Rowan has said on concentration: 2 verbatim quotes between December 2023 and April 2026, each with a timestamp and a link to the recording… en Sun, 30 Aug 2026 16:22:34 +0000 Rowan argues ten companies now represent nearly 50% of S&P 500, all concentrated on one trend. https://minutesof.com/q/76c51df6-50a3-4891-9850-6a9174cadd05/ https://minutesof.com/q/76c51df6-50a3-4891-9850-6a9174cadd05/ “Have 10 companies today who account for nearly 50% of the S and P 500, and those 10 companies are all levered to one trend.” — CNBC Events Thu, 16 Apr 2026 13:25:25 +0000 concentration Rowan says 100% of S&P returns this year came from 10 stocks at 50 PE, constituting 35% of the index. https://minutesof.com/q/44792d43-c148-4c74-bbdb-1095c0017913/ https://minutesof.com/q/44792d43-c148-4c74-bbdb-1095c0017913/ “A 100% of our returns this year are from 10 stocks which constitute 35% of the S and P that traded an average PE of 50.” — Bloomberg Television Tue, 05 Dec 2023 15:03:34 +0000 concentration