Apple, Amazon, and Microsoft reclassified as value stocks in Russell 1000, forcing passive funds to trade

At the June 2026 Russell reconstitution, style scores for Apple, Amazon, and Microsoft migrated into value territory, per ETF Database. The shift mechanically cuts their weight in the Russell 1000 Growth Index and raises it in the Value Index. Passive growth funds must sell shares; passive value funds must buy them — regardless of fundamentals.