Magnificent Seven
The concentration reference: the seven megacaps that drive index-level returns. Equal-weighted here (deliberately, vs their cap weight in the index) so the basket measures the cohort, not just NVDA and MSFT. Divergence between this basket and the equal-weight index is the concentration trade in one line.
Performance
Follow the theme against the wider market.
Series before each basket's creation date are a backtest of the membership as of creation; live tracking starts at creation.
| Return | 1 day | 5 days | 20 days | 60 days | MTD | YTD | 1 year |
|---|---|---|---|---|---|---|---|
| Basket | -1.4% | +1.0% | +1.1% | +9.0% | +1.0% | +7.1% | +18.0% |
| vs FW 3000 | -1.1% | +0.8% | +1.5% | +2.6% | +0.4% | -5.5% | -0.9% |
Inside the basket · 7 stocks
Current members and the reasoning behind each inclusion. Returns are for individual stocks.
| Why it’s included | Added | |||||
|---|---|---|---|---|---|---|
| TSLA | The volatility leg of the cohort | -5.9% | +1.5% | +7.8% | -21.3% | 2026-06-11 |
| META | Attention + AI ad stack | +1.0% | +6.7% | +4.2% | -6.4% | 2026-06-11 |
| NVDA | AI compute monopoly economics | +0.8% | +5.9% | +2.9% | +23.7% | 2026-06-11 |
| AAPL | Installed-base annuity | -2.5% | +0.1% | +2.2% | +18.0% | 2026-06-11 |
| MSFT | Enterprise + AI distribution | -2.0% | -2.7% | +0.1% | +4.0% | 2026-06-11 |
| GOOGL | Search/ads + cloud + Gemini | -1.1% | -2.3% | -4.4% | +8.3% | 2026-06-11 |
| AMZN | Commerce + AWS | -0.1% | -3.0% | -5.8% | +12.0% | 2026-06-11 |
How this basket is built
Equal-weighted, monthly-rebalanced, buy-and-hold between rebalances; dated membership changes take effect same-day.
Tracked since 2026-06-11. Membership decisions are documented below.
Read the methodology →Reading the returns
Basket returns include dividends. “vs FW 3000” compares the basket’s compounded growth with the benchmark’s. Green means positive; red means negative.
Cross-checked against MAGS. Daily return correlation: 0.99 across 854 sessions. near-exact analogue — the same seven names, equal-weighted
Membership history & changes
- reference
Widening pass: membership is complete by definition. Reference pinned to MAGS, an equal-weight Magnificent Seven ETF — the cleanest external check of any basket here.
- create
Standard seven, equal-weighted as a cohort monitor.