Reshoring Stocks
Top 10 of 23 RSHO holdings, updated
As of 12 October 2026, reshoring stocks are trailing the S&P 500, over the past month and over the longer run. RSHO trails the S&P 500 by 2.1 points over one month and ranks #35 of 115 groups Zensei tracks. 13 of the 22 reshoring stocks Zensei prices in RSHO beat the fund this month.
Where reshoring stocks stand now
As of 12 October 2026, Manufacturing (RSHO) ranks #35 of the 115 groups Zensei tracks by one-month return against the S&P 500. It is out of favor: it trails the S&P 500 on both rotation windows — 2.1 points behind over the past month and 2.0 points behind over the longer, time-shifted window. That is the Underperformers quadrant.
On the shorter tape, RSHO's momentum reads strong: the recent hourly trend is positive across every lookback Zensei measures. RSHO's relative-strength line — its price ratio against the S&P 500 — is trading above its moving averages, the healthiest configuration we track. The two signals agree — the short-term tape and the longer trend point the same way.
The exposure comes via Tema American Reshoring ETF, whose 23 tracked holdings are led by Cognex Corp, Gates Industrial Corp Ltd and The Timken Co. Weighted by portfolio, the fund's holdings trade at roughly 34.4× earnings. The thing to watch from here is the one-month spread: underperformers only become interesting when the recent window turns positive first — until then, the market is voting elsewhere.
Top reshoring stocks right now
The largest reshoring stocks by weight in RSHO, and the strongest over the past month. Size and recent return are measurements, not recommendations.
Largest by fund weight
Share of RSHO
- 1Cognex CorpCGNX7.7%
- 2Gates Industrial Corp LtdGTES7.2%
- 3The Timken CoTKR7.1%
- 4Applied Industrial Technologies IncAIT6.8%
- 5Parker Hannifin CorpPH6.7%
Strongest this month
1-month return, holdings Zensei prices
- 1Ingersoll Rand IncIR+8.5%
- 2Api Group CorpAPG+6.7%
- 3Linde PLCLIN+4.5%
- 4Ametek IncAME+3.5%
- 5Applied Industrial Technologies IncAIT+3.1%
Reshoring Stocks vs the S&P 500
Over the week to 12 October 2026, RSHO rose 0.0% while the S&P 500 rose 0.4%. RSHO and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means RSHO won that window.
Prices as of · computed from daily adjusted closes · how we measure
Manufacturing on the rotation map, against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window.
Are reshoring stocks expensive?
The price-to-earnings ratio of RSHO as a whole: the total price of its holdings over their total earnings, weighted by share of the fund. Holdings that lose money are left out.
RSHO holdings: the reshoring stocks inside
As of 12 October 2026, 13 of the 22 reshoring stocks Zensei prices in RSHO beat the fund over the past month. 6 of them beat the S&P 500. The strongest is Ingersoll Rand Inc (IR); the weakest is Terex Corp (TEX). Inside the fund, the holdings split between winners and losers.
| # | Holding | Weight | 1M | 3M | vs fund 1M | Momentum | RS health |
|---|---|---|---|---|---|---|---|
| 1 | CGNXCognex Corp | 7.7% | −3.7% | −3.1% | −3.7 pts | Weak | Broken |
| 2 | GTESGates Industrial Corp Ltd | 7.2% | +0.7% | −0.0% | +0.7 pts | Fading | Strong |
| 3 | TKRThe Timken Co | 7.1% | −3.5% | −16.5% | −3.5 pts | Weak | Holding |
| 4 | AITApplied Industrial Technologies Inc | 6.8% | +3.1% | +1.5% | |||
| 5 | PHParker Hannifin Corp | 6.7% | +0.7% | +0.8% | |||
| 6 | TEXTerex Corp | 5.7% | −15.6% | −21.6% | |||
| 7 | POWLPowell Industries Inc | 5.3% | +1.6% | −17.8% | |||
| 8 | AMEAmetek Inc | 5.0% | +3.5% | +7.8% | |||
| 9 | CATCaterpillar Inc | 5.0% | −2.3% | −14.0% | |||
| 10 | NOVTNovanta Inc | 5.0% | −1.0% | −3.2% |
All 23 RSHO holdings by weight: Cognex Corp (CGNX) 7.7%, Gates Industrial Corp Ltd (GTES) 7.2%, The Timken Co (TKR) 7.1%, Applied Industrial Technologies Inc (AIT) 6.8%, Parker Hannifin Corp (PH) 6.7%, Terex Corp (TEX) 5.7%, Powell Industries Inc (POWL) 5.3%, Ametek Inc (AME) 5.0%, Caterpillar Inc (CAT) 5.0%, Novanta Inc (NOVT) 5.0%, Eaton Corp PLC (ETN) 5.0%, Ati Inc (ATI) 5.0%, Taiwan Semiconductor Manufacturing Co Ltd (TSM) 4.1%, Rockwell Automation Inc (ROK) 3.8%, Ingersoll Rand Inc (IR) 3.8%, Linde PLC (LIN) 3.7%, Abb Ltd 3.7%, Api Group Corp (APG) 3.3%, Spx Technologies Inc (SPXC) 3.2%, Modine Manufacturing Co (MOD) 1.6%, Williams Companies Inc (WMB) 1.0%, First American Treasury Obligs X (FXFXX) 0.3%, Gentherm Inc (THRM) 0.1%.
Reshoring Stocks: common questions
What are the top 3 reshoring stocks?
As of 12 October 2026, the three largest reshoring stocks in RSHO by fund weight are Cognex Corp (CGNX) (7.7%), Gates Industrial Corp Ltd (GTES) (7.2%) and The Timken Co (TKR) (7.1%). Fund weight shows size inside the fund, not a recommendation.
Which reshoring stocks are beating the sector?
As of 12 October 2026, 13 of the 22 reshoring stocks Zensei prices in RSHO beat the fund over the past month. The strongest over the past month is Ingersoll Rand Inc (IR). The list above shows every holding with its weight and returns.
Are reshoring stocks outperforming the S&P 500?
No. As of 12 October 2026, RSHO trails the S&P 500 by 2.1 points over the past month.
Is it a good time to invest in reshoring stocks?
Zensei does not give investment advice, but it measures the trend. As of 12 October 2026, reshoring stocks are behind the S&P 500 on both the recent and the longer window. The rotation map and the read on this page show whether that trend is building or fading.
What is RSHO?
RSHO is Tema American Reshoring ETF. Zensei uses it to measure reshoring stocks against the S&P 500 (SPY).
What stocks does RSHO own?
As of 12 October 2026, the largest of the 23 positions Zensei tracks in RSHO are Cognex Corp, Gates Industrial Corp Ltd, The Timken Co, Applied Industrial Technologies Inc, Parker Hannifin Corp. Each position measured against the fund, with momentum and relative strength, is part of Zensei Premium.
What quadrant is manufacturing in right now?
As of 12 October 2026, manufacturing is in the Underperformers quadrant — trailing the S&P 500 on both windows. The Zensei methodology page explains the quadrants.
Recent changes
- ·First tracked: trailing the market
Related sectors
Track manufacturing against the whole market
Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.