For three years, owning the Magnificent 7 was the only trade that mattered. Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta and Tesla drove the majority of the S&P 500's gains and came to represent more than a third of the entire index. But 2026 has been different. The group is on track for its worst year since 2022, the performance within it has splintered dramatically, and investors are rethinking just how much concentration they want. If you want targeted Magnificent 7 exposure, or want to understand how much you already own, these are the three Magnificent 7 ETFs that hold the most.
MAGS, MGK and QQQ are the three largest ETFs that hold all seven Magnificent 7 stocks, with Magnificent 7 weightings of roughly 100%, 56% and 38%, respectively.
MAGS is the only pure play, but it is actively managed and gets most of its exposure through swaps and forwards rather than by owning the shares.
MGK is the cheapest at 0.05%, while QQQ charges 0.18% and MAGS charges 0.30%.
The seven names have splintered in 2026: Amazon is up about 23% while Tesla is down about 28%, a spread of more than 50 percentage points.

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