The Magnificent 7 now represent over 28% of the S&P 500.

“The Magnificent 7 now account for over 28% of the S&P 500. We have not seen this level of concentration since 2000.

The S&P is up 14% this year.

But the equal-weighted version of the index, where the Magnificent 7 represents only 7/500 shares, is only up 0.1%. This is because the 7 largest constituents by market capitalization have returned 92% on average this year:

1) Alphabet Inc. +53 %

2) Microsoft +34%

3) NVIDIA +206

4) Amazon +50

5) Meta +153

6) Apple +35%

7) Tesla +111

This means that seven companies (1.4% of index members) have contributed to almost 65% (!) of the S&P 500 return this year.

Source: Vikingen.se

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