Exxon Mobil

Twelfth weight at 4.31%, up 7.5% from 4.01% - the largest relative gain among the longs. Two forces compound: Persistent energy premium stepped 0.85 to 0.90, and the alignment raised it 0.82 to 0.84 because XOM closed 169.32 against 164.23, up 3.1%, the strongest single-name participation in the basket after zero participation the window before. Serves only the energy thesis, so it takes no dedupe against a thesis that eased - which is why it gains more than USO and XLE despite smaller alignment moves.