Holdings &
conviction.

3774 Data Centers

Sakura Internet Inc

Increasing AI data center spending in Japan indicates strong positioning for regional agentic AI infrastructure demand

AMAT Semiconductors

Applied Materials Inc.

Article highlights Applied Materials with 67% gains in AI infrastructure. As a semiconductor equipment manufacturer, they're essential for producing the advanced chips needed for agentic AI compute infrastructure.

AMD ai-chips

Advanced Micro Devices

MI300X GPUs offer a credible alternative for AI inference workloads, capturing share as agentic AI diversifies the silicon supply chain.

AMZN cloud-platform

Amazon.com Inc.

AWS Bedrock agents, massive cloud infrastructure, and internal agentic AI deployment across logistics.

ANET ai-chips

Arista Networks

High-speed data center networking is the connective tissue for multi-agent AI systems that require massive east-west traffic.

ARM ai-chips

Arm Holdings

Arm architecture dominates edge and mobile AI inference, enabling agentic AI to run on billions of devices beyond the data center.

AVGO ai-chips

Broadcom Inc.

Custom AI accelerators (TPUs for Google, etc.) and networking chips critical for agentic AI data center buildout.

C Financial Services

Citigroup Inc.

Citi's launch of Arc Platform to scale AI agents positions them as a leader in enterprise agentic AI adoption, creating competitive advantages in financial services automation

CEG energy-power

Constellation Energy

Nuclear fleet provides the 24/7 carbon-free baseload power that hyperscaler AI data centers increasingly require.

CFLT cloud-platform

Confluent Inc.

Real-time data streaming via Kafka is the nervous system for agentic AI architectures that react to live events.

CRWD cybersecurity

CrowdStrike Holdings

AI-native cybersecurity platform; agentic AI increases attack surface, driving demand for autonomous defense.

DBRG Data Center Infrastructure

DigitalBridge Group Inc.

NVIDIA's emphasis on connecting distributed data centers into 'large AI factories' drives demand for data center infrastructure and connectivity solutions

DDOG cloud-platform

Datadog Inc.

Observability platform becomes essential as enterprises deploy fleets of autonomous AI agents that need real-time monitoring.

DLR energy-power

Digital Realty Trust

Data center REIT benefiting from explosive AI compute demand and agentic workload growth.

EQIX energy-power

Equinix Inc.

Global interconnection and colocation leader where agentic AI workloads require low-latency access to distributed infrastructure.

ESTC cloud-platform

Elastic N.V.

Search and vector database capabilities power the retrieval-augmented generation layer that agentic AI depends on.

ETN energy-power

Eaton Corporation

Power management and electrical infrastructure supplier critical for building and operating AI-scale data centers.

GOOGL cloud-platform

Alphabet Inc.

Gemini models, Vertex AI agents, and DeepMind research pipeline for next-gen agentic systems.

IBM Technology

International Business Machines Corporation

IBM's focus on 'shaping the next era of agentic AI' at Think 2026 demonstrates strategic commitment to enterprise agentic AI platforms and services

INTC Semiconductors

Intel Corporation

Morningstar specifically highlighted Intel's 'stellar quarter with agentic AI tailwinds' - Intel is positioning for the agentic AI compute infrastructure boom with their CPU and accelerator portfolio

IREN Energy/Infrastructure

IREN Limited

Multiple articles highlight IREN's major partnership with Nvidia for 5GW AI infrastructure development tied to $2.1 billion stake. Bitcoin miners pivoting to AI cloud infrastructure represents direct beneficiary of agentic AI compute demand.

LIVERAMP data_infrastructure

LiveRamp Holdings

Being acquired by Publicis for $2.2B due to its data infrastructure that enables agentic AI marketing. Core platform for autonomous customer data management and AI agent orchestration.

LMNT Semiconductors

Lumentum Holdings Inc.

Article mentions Lumentum with 121% gains in AI infrastructure stocks, outpacing even Nvidia. Optical components are critical for high-speed data center interconnects needed for agentic AI workloads.

MDB cloud-platform

MongoDB Inc.

Flexible document database with vector search enables agentic AI systems to store and retrieve unstructured knowledge at scale.

META cloud-platform

Meta Platforms Inc.

Open-source Llama models powering agentic AI ecosystem; massive internal AI agent deployment.

MRVL ai-chips

Marvell Technology

Custom AI silicon and electro-optics for hyperscalers position Marvell at the heart of agentic AI networking infrastructure.

MSFT cloud-platform

Microsoft Corporation

Azure AI + Copilot ecosystem positions Microsoft as the enterprise agentic AI platform leader.

MU ai-chips

Micron Technology

HBM and high-capacity DRAM are critical bottlenecks for agentic AI workloads that demand massive memory bandwidth.

NVDA ai-chips

NVIDIA Corporation

Dominant GPU supplier for AI training and inference; agentic AI multiplies compute demand per task.

OKTA cybersecurity

Okta Inc

Expanding AI agent controls with Amazon Bedrock integration. Critical infrastructure for securing autonomous AI systems as they proliferate across enterprises.

ORCL cloud-platform

Oracle Corporation

OCI's aggressive AI infrastructure buildout and enterprise database dominance make Oracle a key backend for agentic AI workflows.

PANW cybersecurity

Palo Alto Networks

Platformized security with AI-driven SOC automation directly benefits from the threat escalation agentic AI creates.

PFPT Cybersecurity

Proofpoint Inc

Unveiled industry's newest intent-based AI security solution specifically to protect enterprise AI agents - positioned to benefit from the security infrastructure needed for agentic AI deployment

PLTR ai-tooling

Palantir Technologies

AIP platform enables enterprise agentic AI workflows; strong government and commercial positioning.

PRGS enterprise_software

Progress Software

Recently won Agentic RAG award, indicating leadership in autonomous AI systems that can retrieve and act on enterprise data without human oversight.

PUB advertising_technology

Publicis Groupe

Just acquired LiveRamp for $2.2B specifically to boost agentic AI capabilities in marketing automation. This positions them as a leader in AI-driven autonomous marketing systems that replace human campaign managers.

QCOM ai-chips

Qualcomm Inc.

On-device AI inference via Snapdragon NPUs enables agentic AI assistants to operate locally on phones and PCs.

QLYS Cybersecurity

Qualys Inc

Explicitly linked AI agent growth to rising demand for their security solutions - cybersecurity infrastructure will be critical as agentic AI expands attack surfaces

S cybersecurity

SentinelOne Inc.

AI-first endpoint security using autonomous response aligns perfectly with defending against AI-generated threats.

SAP enterprise_software

SAP SE

Rebranding as an 'AI Company' with new Autonomous Enterprise initiative. Moving from advisory AI to execution-focused agentic systems that automate business processes previously requiring human intervention.

SFTBY Cloud Infrastructure

SoftBank Group Corp

SoftBank launching AI GPU cloud service in October 2026 under neocloud strategy positions them as major infrastructure provider for agentic AI workloads

SNOW cloud-platform

Snowflake Inc.

Data cloud platform essential for agentic AI systems that need structured enterprise data access.

TLN energy-power

Talen Energy

Nuclear-adjacent power assets directly supply AI data center campuses, benefiting from long-term power purchase agreements.

TSM ai-chips

Taiwan Semiconductor

Fabricates virtually every leading AI chip; agentic AI's insatiable silicon demand flows through TSMC's advanced nodes.

V Financial Technology

Stripe Inc

Rearchitecting payments infrastructure for agentic AI economy suggests strong positioning for AI-driven commerce automation

VAST Space Infrastructure

Vast Data

Partnership with NVIDIA to build orbital AI infrastructure represents next frontier for compute capacity expansion beyond terrestrial constraints

VST energy-power

Vistra Corp.

Power generation company benefiting from surging AI data center electricity demand.

ZS cybersecurity

Zscaler Inc.

Zero-trust architecture becomes non-negotiable as agentic AI systems access sensitive data across cloud environments.

ACN professional-services

Accenture plc

Consulting and outsourcing revenue threatened as agentic AI automates the analysis, coding, and advisory work Accenture sells.

ADBE legacy-saas

Adobe Inc.

Creative and marketing workflows increasingly automated by AI agents; pricing power eroding.

ASANA Enterprise Software

Asana Inc.

Article mentions Asana acquiring execution layers for enterprise AI agent stack. However, as agentic AI automates project management and workflow coordination, traditional task management SaaS faces displacement.

BILL legacy-saas

BILL Holdings

Accounts payable and receivable automation disrupted as agentic AI handles invoicing, approvals, and payments natively.

CHGG education

Chegg Inc.

Homework help and tutoring business decimated as AI agents provide instant, personalized academic assistance for free.

CSCO Enterprise Technology

Cisco Systems Inc.

Cisco cutting nearly 4,000 jobs in AI-focused restructure suggests traditional networking infrastructure is being disrupted. Legacy enterprise hardware faces pressure as AI-native architectures emerge.

CTSH IT Services

Cognizant Technology Solutions

While launching AI-powered agentic retail solutions, Cognizant is fundamentally a knowledge-worker services company that will face displacement as agentic AI automates consulting and IT services work

DOW Chemicals

Dow Inc.

Cutting 4,500 jobs as AI and automation expand, demonstrating how agentic AI will disrupt traditional industrial and chemical manufacturing workforce

EPAM professional-services

EPAM Systems

Offshore software engineering services face margin compression as AI agents write, test, and deploy code autonomously.

FIVN legacy-saas

Five9 Inc.

Cloud contact center platform threatened as agentic AI replaces human agents in customer service at scale.

GLOB professional-services

Globant S.A.

Digital transformation consulting commoditized as agentic AI handles UX design, development, and deployment end-to-end.

INTU legacy-saas

Intuit Inc.

Tax prep, bookkeeping, and financial planning are early targets for fully autonomous AI agents.

IPG marketing-ad

Interpublic Group

Media buying and creative services disrupted as AI agents run full-funnel marketing without agency intermediaries.

JPM Financial Services

JPMorgan Chase & Co.

CEO Jamie Dimon explicitly stated AI is already reshaping JPMorgan's workforce with plans for 'huge redeployment,' indicating significant job displacement in banking and financial services

LPLA financial-services

LPL Financial

Independent financial advisor platform threatened as agentic AI delivers personalized wealth management at near-zero marginal cost.

PINS Social Media

Pinterest Inc.

Cut 780 jobs while pivoting to AI strategy, showing how even tech companies are using AI to reduce workforce while investors question the strategy's viability

RDFN financial-services

Redfin Corporation

Real estate brokerage model disrupted as AI agents handle property search, valuation, and transactions.

RHI professional-services

Robert Half International

Staffing and temp agencies face existential pressure as agentic AI replaces knowledge workers.

TASK professional-services

TaskUs Inc.

Outsourced customer support and content moderation are among the first workflows fully automated by agentic AI.

UPWK professional-services

Upwork Inc.

Freelance marketplace disrupted as enterprises replace contract knowledge workers with autonomous AI agents.

WDAY legacy-saas

Workday Inc.

HR and finance workflows prime targets for agentic AI automation; replacing expensive SaaS seats.

WPP marketing-ad

WPP plc

Global ad agency model collapses as agentic AI generates, tests, and optimizes creative campaigns autonomously.