The term "equal weight" refers to a type of investment strategy where an investor allocates equal amounts of money to each individual stock within their portfolio. This means that every stock has the same level of importance and significance, regardless of its market capitalization or industry sector. The goal is to diversify risk by spreading it out across multiple holdings, rather than putting all of one's eggs in a single basket. By giving each stock equal weight, investors aim to minimize the impact of any underperforming stocks and maximize the potential for strong returns from their top-performing assets.