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The Future of AI Investing: Harbor Debuts 5 New Ecosystem ETFs

BY | ETF Database
10:18 am ET 08/13/26 | 3 VIEWS
As the artificial intelligence (AI) race reshapes global markets, investors are looking beyond single-stock concentration and shifting focus toward the broader global supply chains powering the revolution. On August 13, Harbor Capital launched five actively managed ETFs targeting companies that are positioned to benefit from the growth of key AI ecosystems relating to OpenAI, Anthropic, Google (GOOGL), Meta (META), and SpaceX (SPCX). The funds launch with an expense ratio of 59 basis points.Key Takeaways Harbor launched five actively managed ETFs targeting the broader AI supply chains and global ecosystems. This includes top tech names like OpenAI, Anthropic, Google, Meta, and SpaceX. The funds use a proprietary scoring system that analyzes data sources such as company filings, earnings transcripts, and market data. They seek to identify and weight companies based on their economic connection to a specific AI ecosystem. ETFs like the Anthropic AI Lab Ecosystem ETF (ANTW) provide a unique vehicle to access growth in privately held AI leaders. These funds allow investors to capture the momentum of private innovation through the public companies that support and benefit from those ecosystems. Harbor AI Labs Suite Google DeepMind AI Lab Ecosystem ETF (DEPW) Meta AI Lab Ecosystem ETF (MTAW) SpaceXAI Lab Ecosystem ETF (XAIW) OpenAI Lab Ecosystem ETF (OAIW) Anthropic AI Lab Ecosystem ETF (ANTW) “I believe 2026 is the year AI migrated from a major theme to its own asset class. The marketplace and investors are demanding different tools to get more precise exposures to distinct parts of the AI asset class. The Harbor AI Lab Ecosystem ETFs sit at the very top of that pyramid. It offers differentiated exposures to each AI Lab ecosystem. We think of these as modern sector funds built for the AI Economy that we now all live in,” said Kristof Gleich, president and chief investment officer, Harbor Capital Advisors, in a press release.The AI Ecosystem ApproachAdvisors use this data to score companies on their economic ties to each AI ecosystem. To isolate these interconnected AI ecosystems, the funds use a proprietary investment process. They evaluate the economic relationship between companies and their respective AI ecosystems using a range of data sources. Those sources include company filings, earnings call transcripts, news, and market data. Each company’s score will be the primary determinant of its selection and weighting in the portfolio. The funds’ holdings will include companies involved in software, infrastructure, cybersecurity, and other businesses that support or benefit from the development and adoption of the related AI ecosystem. Each fund invests at least 80% of net assets in equity securities of the respective AI ecosystem across U.S. and international markets. The funds will concentrate over 25% of assets on core industries spanning IT, communication services, industrials, consumer discretionary, and utilities. The product suite combines both public tech giants and privately held AI leaders. On the public side, the Google DeepMind AI Lab Ecosystem ETF (DEPW), the Meta AI Lab Ecosystem ETF (MTAW), and the SpaceXAI Lab Ecosystem ETF (XAIW) offer exposure to the companies benefiting from the AI growth of these specific public tech giants. On the private side, the OpenAI Lab Ecosystem ETF (OAIW) and the Anthropic AI Lab Ecosystem ETF (ANTW) provide targeted access to the public traded partners, suppliers, and infrastructure providers positioned to benefit from the expansion of these non-public titans.Inside the AI EcosystemsFor publicly traded AI leaders, the parent company serves as the anchor holding. However, the real engine of these portfolios is the targeted web of suppliers, hardware partners, and power providers filling out the top allocations right below them. DEPW holds Google as its top holding at 19.9% of assets, with Broadcom (AVGO) and NextEra Energy (NEE) serving as the next largest allocations. Broadcom is included in the fund for its partnership with Google to co-develop and manufacture Tensor Processing Units (TPU). The TPUs are custom AI chips used by Google to train and run large AI models for Google Deepmind. NextEra Energy is a 6.0% weight in the fund for its partnership with Google to co-develop data centers. This is paired with the development of new dedicated power generation to handle massive AI workloads.Meta and SpaceXMeta is a 19.2% weight in MTAW. The fund’s next largest holdings are Nebius Group (NBIS) at 8.1% of assets and Corning Inc (GLW) at 7.4%. Nebius is included in the fund for its multi-year infrastructure supply agreement with Meta. Under this partnership, Nebius acts as a specialized AI cloud provider. It builds and supplies the heavy computing power needed to train and run Meta AI models. Meanwhile, Corning supplies the advanced fiber optic cable that physically link Meta’s specialized AI servers and data centers. Looking at XAIW, SpaceX makes up 22.0% of total assets, followed by Nvidia (NVDA) at 8.7% and Super Micro Computer (SMCI) at 6.0%. Nvidia is connected to SpaceX’s AI ecosystem through a partnership to use Nvidia GPUs and systems for its AI needs, such as the development of orbital AI data centers. Super Micro Computer is a large holding in XAIW for its role as an infrastructure supplier. The company provides SpaceX with high-performance server racks and liquid-cooling data center systems.Bridging Private Innovation and Public MarketsPublic funds like DEPW, MTAW, and XAIW use their parent companies as portfolio anchors. However, the dynamic changes entirely when turning to non-public titans like OpenAI and Anthropic. The top allocations in OAIW include SoftBank Group (9984) at 9.7% of assets and Oracle (ORCL) at 7.9%. SoftBank is a top holding in OAIW for its large investments in OpenAI. In February, the Japanese investment firm announced its total investment in OpenAI will total $64.6 billion. This would secure roughly a 13% ownership of OpenAI, according to the SoftBank announcement. Oracle is a large allocation in OAIW through a massive cloud infrastructure and cloud computing power partnership to help run and train OpenAI’s advanced models. TeraWulf (WULF) and Google are top holdings in ANTW, with weights of 10.3% and 9.2%, respectively. TeraWulf is the fund’s top holding for its massive 20-year AI infrastructure lease agreement. Under this deal, TeraWulf provides the data center capacity to power Anthropic’s high-performance computing workloads. Google earned its spot in the fund through its substantial minority stake in Anthropic. Anthropic relies heavily on Google’s TPU chips to power its frontier AI models.Changing the Thematic ETF Landscape The launch of these funds represents the evolving landscape of thematic ETFs. While investors can already buy shares of public tech leaders like Google, Meta, and SpaceX directly, it only provides exposure to broad corporate operations outside of pure-play AI development. These ETFS address that dilution by shifting the focus from the parent companies to the firms correlated with the success of the respective AI ecosystems. For privately held AI leaders like OpenAI and Anthropic, the strategy helps to bridge the gap between private innovation and public liquidity. By investing in the public beneficiaries of these private firms, the ETFs enable investors to participate in non-public AI growth without needing illiquid private investments or waiting for an IPO. For more news, information, and strategy, visit ETFdb.

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