No.The "moment of inertia" stuff is correct, but does make it sound a bit technical. Thinking in terms of "centre of gravity" and leverage is probably easier.
Think of a ball of lead that fits in your palm, so all the weight is supported by your palm.
Now think of the same weight of lead beaten out into a foot-long stick, that you hold by one end, so the centre of gravity is some distance from your palm and is trying to bend your wrist.
For a phone, concentrating the weight in the area that is usually supported by the palm of your hand (typically the centre of the lower 2/3) should make it more comfortable to hold.
Center of gravity is a different property than moment of inertia. There has been no indication that the center of gravity is any different than previous iPhones. The center of gravity is most likely still pretty close to the center of the phone. It is the distribution of the mass with respect to the center of gravity that has changed. Essentially, in the iPhone 15, the mass is more tightly clumped around the center of gravity.