MGK Holds 46 Percent in Just Five Stocks, And That Concentration Is Driving Most of Its Recent Gains Quick Read – Vanguard Mega Cap 300 Growth ETF (MGK) returned 28% over the past year versus 25% for the S&P 500, driven by five mega-cap holdings—NVIDIA (NVDA) at 13.75%, Apple…
APL) at 11.77%, Microsoft (MSFT) at 8.68%, Alphabet (GOOGL) at 6.45%, and Amazon (AMZN) at 5.19%—that collectively represent 46% of the fund’s weight. – MGK’s outperformance depends entirely on the five concentrated mega-cap positions, which means a coordinated 20% drawdown in NVIDIA, Apple, and Microsoft alone would cost the fund roughly 7% while satellite holdings remain unchanged. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Vanguard Mega Cap 300 Growth ETF wasn’t one of them. Get them here FREE
The Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) has 63 holdings, which sounds diversified until you check the weights. The analyst who called NVIDIA in 2010 just named his top 10 stocks and Vanguard Mega Cap 300 Growth ETF wasn’t one of them. Get them here FREE.
Five names carry almost 46% of the fund. The MGK pitch is straightforward exposure to U.S. mega-cap growth, and the math has worked. MGK returned 28% over the past year against 25% for the S&P 500.