ASML HOLDING NV (ASML)
Daily ERM3 factor decomposition: how much of ASML's variance is explained by the market, its sector, and its subsector — and the ETF notionals that would neutralize each layer.
- Price
- $1676.69
- Market cap
- $645.4B
- 23-day vol
- 30.1%
- Sector proxy
- XLI
- Subsector proxy
- IYJ
Risk DNA
45% of ASML's variance is systematic (explainable by market, sector, and subsector factors); the rest is stock-specific.
ASML carries 55% stock-specific risk against a peer average of 77% — less of what happens here is specific to this name than is typical for its cohort.
ETF hedge ratios
Dollars of ETF to short per $1 of ASML held — executable hedge weights, not regression betas. L1 hedges market only; L3 adds sector and subsector layers.
| Level | Market (SPY) | Sector (XLI) | Subsector (IYJ) | Explained risk |
|---|---|---|---|---|
| L1 | $-2.00 | — | — | 36.8% |
| L2 | $-1.18 | $-0.87 | — | 41.3% |
| L3 | $-1.61 | $-3.03 | $2.63 | 45.1% |
Data as of October 22, 2026. Updated daily from the ERM3 pipeline.
13F filers holding ASML
From the most recent quarterly 13F filings in our tracked filer universe, largest reported position first.
- Lone Pine Capital6.9%
- Point72 Asset Management1.8%
- Third Point1.4%
- Appaloosa Management1.3%
- Coatue Management1.2%
- Bridgewater Associates0.5%
Browse every tracked 13F filer.
Go deeper on ASML
Ask the AI risk analyst for ASML's full history, peer comparison, or how it changes your portfolio's risk.