NickThe Commanding Heights argues that value from cheaper AI accrues to owners of distribution and dollar payment rails, while intelligence production, routine outsourced cognitive labor, and financing of the buildout face pressure.
How the Tilt's holdings explain its performance relative to Tilt 500.
1YThis Tilt −8.1%Tilt 500 +9.4%
Backtested since Nov 10, 2025, short positions included. Not a track record. Shows the idea. Not investable as built. Data as of 11/6/2026. This product is a basket created by personnel of Agora Indexing Technologies LLC or its affiliates and is provided for informational purposes only. It is not a financial index, financial benchmark, or IOSCO-compliant product, and is not administered by Tilt Indices LLC. Product performance is shown for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any security.
| Ticker | Company | Weight |
|---|---|---|
| PYPL | PayPal Holdings, Inc. | 3% |
| WU | The Western Union Co. | 3% |
| AFRM | Affirm Holdings, Inc. | 2% |
| XYZ | Block, Inc. | 2% |
| AXP | American Express Co. | 2% |
| FISV | Fiserv, Inc. | 2% |
| MA | Mastercard, Inc. | 1% |
| RTB | RTB Digital, Inc. | 1% |
3 more sub-themes also raise company scores, with no holding listed under them: Business messaging platforms, Dollar stablecoin issuance, Broadband internet access services.
| SEZL |
|---|
| Sezzle, Inc. |
| 1% |
| SYF | Synchrony Financial | 1% |
|---|
| Ticker | Company | Weight |
|---|---|---|
| COIN | Coinbase Global, Inc. | 4% |
| V | Visa, Inc. | 4% |
| EXOD | Exodus Movement, Inc. | 2% |
| SOFI | SoFi Technologies, Inc. | 2% |
| Ticker | Company | Weight |
|---|---|---|
| EBAY | eBay, Inc. | 3% |
| MELI | MercadoLibre, Inc. | 2% |
| WMT | Walmart, Inc. | 2% |
| ETSY | Etsy, Inc. | 2% |
| GRPN | Groupon, Inc. | 1% |
| Ticker | Company | Weight |
|---|---|---|
| FOUR | Shift4 Payments, Inc. | 1% |
| Ticker | Company | Weight |
|---|---|---|
| CNDT | Conduent, Inc. · Short | −5% |
| FIVN | Five9, Inc. · Short | −4% |
| EGHT | 8x8, Inc. · Short | −4% |
| CXDO | Crexendo, Inc. · Short | −3% |
| EGAN | eGain Corp. · Short | −3% |
| RNG | RingCentral, Inc. · Short | −3% |
| NNI | Nelnet, Inc. · Short | −2% |
| UPLD | Upland Software, Inc. · Short | −2% |
| FRSH | Freshworks, Inc. · Short | −2% |
| TWLO | Twilio, Inc. · Short | −2% |
| ZM | Zoom Communications, Inc. · Short | −2% |
| CRM | Salesforce, Inc. · Short | −1% |
| BAND | Bandwidth, Inc. · Short | −1% |
| CXM | Sprinklr, Inc. · Short | −1% |
| SCSC | ScanSource, Inc. · Short | −1% |
| Ticker | Company | Weight |
|---|---|---|
| CASS | Cass Information Systems, Inc. · Short | −3% |
| JKHY | Jack Henry & Associates, Inc. · Short | −2% |
| BILL | Bill Holdings, Inc. · Short | −2% |
| FIS | Fidelity National Information Services, Inc. · Short | −1% |
| BCO | The Brink's Co. · Short | −1% |
| EXFY | Expensify, Inc. · Short | −1% |
| RPAY | Repay Holdings Corp. · Short | −1% |
| Ticker | Company | Weight |
|---|---|---|
| NATL | NCR Atleos Corp. · Short | −2% |
| DY | Dycom Industries, Inc. · Short | −2% |
| CALX | Calix, Inc. · Short | −2% |
| ATNI | ATN International, Inc. · Short | −1% |
| Ticker | Company | Weight |
|---|---|---|
| META | Meta Platforms, Inc. · Short | −2% |
| AMZN | Amazon.com, Inc. · Short | −2% |
| Ticker | Company | Weight |
|---|---|---|
| CCOI | Cogent Communications Holdings, Inc. · Short | −2% |
| Ticker | Company | Weight |
|---|---|---|
| SHOP | Shopify, Inc. | 2% |