Move stock in and out of your existing direct index

You can add or remove individual stocks from a direct index you've already funded, separate from seeding your strategy during initial setup.

From your direct index strategy, select Transfer, then Move stocks.
You'll see your self-managed holdings split into two groups: stocks already in your index, and stocks outside it.
Select what you want to move using the checkbox next to each symbol, adjust share counts with the pencil icon, and deselect any tax lots you'd rather leave behind.

If the stock...	What happens
Is already part of your index	Moving more in will likely make it overweight, so the algorithm may sell down part of the position to bring it back toward its target. You'll see the estimated tax impact before confirming.
Isn't part of your index	It's assigned a 0% target weight, and the algorithm will look to sell out of it. You'll see the estimated tax impact before confirming.

From "Your direct index," select View all positions.
Select the three dots next to the stock, then select Move to Self-managed stocks.
A pop-up appears with a box pre-checked to also exclude the stock from your index. What happens next depends on whether you leave that box checked.

If you...	What happens
Uncheck the box (keep the stock in your index)	You'll see the estimated tax impact of the move. Once the shares move to self-managed, the algorithm works to buy back the position's target weight, either by selling overweight positions elsewhere in your index or using new cash you deposit. Without new cash, this can trigger tax impact as the algorithm sells other positions to fund the buy-back. This is a common way to move a highly-appreciated position out in order to donate it directly to charity. One caveat: trading this stock in self-managed while it's still part of your index can create wash sales inside your direct index.
Leave the box checked (exclude the stock from your index)	No separate tax estimate is shown here. The shares are leaving the index as part of the move itself, a transfer between your own accounts rather than a sale, so there's nothing left to sell or rebalance at the moment of exclusion. The stock's target weight drops to 0%, and that weight is redistributed across your remaining index positions by market cap. Learn more about customization.

Moving stock into your index works the same way for classic and Long short strategies.
Moving stock out is only available for classic (long-only) direct indices. Long short doesn't support it, since removing a long position could unexpectedly shift your account's leverage and risk, potentially triggering a margin call. If you're in a Long short strategy and want to move a position to self-managed, you can deleverage into a long-only index first, then follow the steps above.
This stock-by-stock process applies to most indices, but not all. For certain international or ADR-based indices (for example, MSCI ACWI ADR), you may not be able to move individual positions selectively. The entire index holding may need to move together, or be liquidated through a withdrawal.