Charted: Magnificent 7 Market Cap as a Share of the S&P 500

What We're Showing

The share of the S&P 500 market capitalization accounted for by the Magnificent Seven stocks over the last decade.

Key Takeaways

• Over the last decade, the market capitalization of the Magnificent 7 stocks has grown by nearly 800% versus +150% for the broader benchmark.
• In 2014, the market cap of the Magnificent 7 stocks stood at just under 10%. By mid-2024, that figure was nearly 35%.
• This trend opens up a potential issue for investors. Many investors may not realize that by investing in the S&P 500, they could be over-exposed to these seven stocks.