LAZR ETF Increases Anthropic Holding to 10.5%, the Highest of Any ETF
Tema announced that the LAZR ETF increased its Anthropic allocation to 10.5%, the highest exposure of any U.S.-listed ETF, coinciding with Anthropic's S-1 filing. LAZR holds Anthropic through Series F preferred shares structured in an SPV, carried at a $1.4 trillion valuation until the IPO, with no incremental fees charged on the position. The fund has repeatedly added to the position ahead of an anticipated November IPO that media reports suggest could command a record $2 trillion valuation, though the exposure carries significant liquidity and valuation risk.
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Tema Photonics & Optical ETF (LAZR) Exceeds $100M in AUM Within 3 Months
The Tema Photonics & Optical ETF (LAZR) surpassed $100 million in assets under management less than three months after launch. LAZR holds the largest Anthropic exposure of any U.S.-listed ETF at 11.8% by portfolio weight, accessed via a special purpose vehicle with no incremental fees, and was developed in partnership with SemiAnalysis with Anders Storm as expert advisor. The milestone comes as Anthropic reportedly nears an IPO at a potential valuation near $2 trillion, though the fund's disclosures flag elevated liquidity and valuation risk on the pre-IPO SPV holding.
Tema Photonics & Optical ETF (LAZR) Increases Anthropic Position Ahead of Highly Anticipated IPO
Tema's Photonics & Optical ETF (LAZR) has increased its stake in Anthropic to a 15% portfolio weight, which the adviser says is the largest exposure to the AI company of any U.S.-listed ETF. The move comes as Anthropic reportedly moves closer to an IPO, with media reports citing a potential valuation of roughly $2 trillion — which would make it the largest IPO by initial valuation in history, surpassing SpaceX. The private-company exposure is delivered through a special purpose vehicle, and LAZR charges no incremental management, performance, or brokerage fee on the Anthropic position. Investors should note the fund's own disclosures: SPV and private-company holdings carry elevated liquidity and valuation risk, and the IPO timing and valuation remain unconfirmed.
Anders Storm Appointed Expert Advisor to Tema Photonics & Optical ETF (LAZR)
Anders Storm, former CEO of Sivers Semiconductors and current CEO of Dirac Research, has been appointed Expert Advisor to the Tema Photonics & Optical ETF (LAZR). Storm brings nearly a decade of experience in the photonics industry to the fund, which focuses on global optical technology leaders and holds a 5% position in Anthropic. LAZR is listed on the NYSE and launched with a gross expense ratio of 0.75%.
Tema Photonics & Optical ETF (LAZR) Adds Anthropic as Top Holding
The Tema Photonics & Optical ETF (LAZR) acquired exposure to Anthropic through a special purpose vehicle, establishing the AI pioneer as a top holding. As of the release date, Anthropic represents 12.06% of the fund's net assets, with Tema intending to maintain this position. The investment aligns with the fund's strategy of targeting companies enabling AI infrastructure and data movement.
Tema Launches Memory ETF (DISK) and Photonics & Optical ETF (LAZR)
