QUICK SPARK: OpenAI, Anthropic, SpaceX Join Magnificent Seven In New Roundhill ETF
Chandrima Sanyal 1 hour ago
TechTrading IdeasETFsNew ETFs
The MAGP ETF offers exposure to the Magnificent Seven alongside AI heavyweights OpenAI, Anthropic, SpaceX and Broadcom in a single portfolio.
Roundhill Investments has launched the Roundhill Magnificent Seven Plus ETF (BATS:MAGP), combining the Magnificent Seven stocks with four additional AI heavyweights — Anthropic, OpenAI, SpaceX (NASDAQ:SPCX) and Broadcom, Inc (NASDAQ:AVGO).
The fund provides exposure to all 11 companies, with Microsoft Corp (NASDAQ:MSFT), Amazon.com, Inc (NASDAQ:AMZN) and Tesla, Inc (NASDAQ:TSLA) among its largest holdings at approximately 9.6% each. OpenAI and Anthropic carry weights of 6.72% and 6.66%, respectively.
SpaceX accounts for another 9.55%, while Broadcom holds 9.63%.
Roundhill CEO Dave Mazza said MAGP was designed for investors seeking exposure to the original Magnificent Seven without missing the emerging leaders in artificial intelligence.
QUICK CONTEXT: The Magnificent Seven Gets a Makeover
The Magnificent Seven, comprising Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla, has become a defining group in the U.S. stock market, driven by its enormous market capitalizations and influence on major equity indexes.
However, the AI investment boom is expanding the universe of companies attracting investor attention. Anthropic and OpenAI have emerged as major players in the AI industry, while SpaceX has added another dimension through its expanding technology and space businesses. Broadcom, meanwhile, has strengthened its position as a major semiconductor and AI infrastructure supplier.
New market acronyms such as MANGOS have attempted to capture this changing leadership, but often leave out some of the original technology giants.
MAGP takes a broader approach, bringing all seven traditional leaders together with four additional companies in one ETF. Its holdings are relatively evenly distributed across the 11 names, although the private-company exposures to OpenAI and Anthropic carry smaller weights than most publicly traded constituents.
The launch reflects ETF issuers’ growing efforts to package the expanding AI ecosystem into targeted investment products.
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