Stats › Concentration and breadth › Magnificent 7
Seven companies are 33.4% of the S&P 500
2026 is excluded because the contribution turned negative, at -1.96 percentage points, and a share of return is not meaningful once the sign flips. Source: First Trust.
The Magnificent 7 is a media nickname for Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta and Tesla, not an index. Those seven are 33.4% of the S&P 500, up from 21.6% in 2022. A third of an index fund sits in seven names nobody chose.
33.4%Weight in the S&P 500
21.6%The same in 2022
62%Share of 2023 return
-1.96 pointsFirst half of 2026
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