Global X’s LLM ETF tops with SK Hynix, not NVIDIA
Global X’s new Global X LLM ETF (LLMA) launched on September 29, focusing on large language models. Its top holding is SK Hynix at 7.1% of assets, not NVIDIA, which ranks 13th at 2.7% ($293 million). Memory chipmakers dominate, with Micron at 5.8% and Intel at 4.2%, reflecting the fund’s tilt toward hardware over AI software.
Key points
- Global X’s LLM ETF (LLMA) launched September 29 with $10.85B in assets, led by SK Hynix at 7.1%
- NVIDIA ranks 13th at 2.7% ($293M), trailing Micron (5.8%) and Intel (4.2%)
- AIQ fund’s memory-heavy focus drove 27.9% YTD gains, outpacing NVIDIA’s 22% return
The fund charges a 0.75% expense ratio, matching its existing AI ETF (AIQ), which has surged 27.9% year-to-date. Micron and Intel have outperformed NVIDIA this year, rising 274% and 214%, respectively, while NVIDIA gained only 22%. LLMA’s portfolio remains unpublished, and its focus on private firms like OpenAI and Anthropic adds uncertainty.
The story so far
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NVIDIA Is the 8th Biggest Holding in the Most Popular AI ETF. What’s Number One?
finance.yahoo.com · 5 October 2026
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