Tam ETF adds Anthropic to photonics-focused fund ahead of IPO
Tam ETFs launched a photonics and optical ETF called Lazear, which includes Anthropic as a 9% holding despite the company remaining private. The ETF targets the growing demand for optical technologies in AI data centers, where copper wiring is reaching its limits. Yuri Khodjamarian, CIO of Tam ETFs, explained that Anthropic’s reliance on Broadcom’s TPU ecosystem—which integrates photonics—makes…
Key points
- Tam ETFs’ Lazear fund holds **Anthropic at 9%** as a pre-IPO play, citing its Broadcom TPU ecosystem alignment
- ETF targets **photonics/optical tech** for AI data centers, where copper wiring is insufficient for high-speed data transfer
- Goldman Sachs projects **10x market growth** for photonics over coming years, but supply bottlenecks may delay expansion
The inclusion of Anthropic is framed as a pre-IPO opportunity, with Khodjamarian calling it a ‘generational company’ and citing due diligence similar to Tam’s earlier NASA ETF (which held SpaceX pre-IPO). Goldman Sachs estimates the photonics market could grow tenfold over the next few years, driven by AI’s escalating data demands. However, Khodjamarian warns that supply constraints—particularly in laser and transceiver production—could delay full-scale adoption. Investors gain exposure through an SPV (special purpose vehicle), avoiding fees beyond the ETF’s management cost.
Want Anthropic exposure before its IPO? Here’s how
finance.yahoo.com · 16 October 2026
Loading the full article…
This text was published by finance.yahoo.com and written by Rebecca Mezistrano. It is reproduced here with attribution so you can read it in full; the rights remain with the publisher. Read it at the source ↗
The headline, key points and digest above were generated by Digest AI's editorial model from the linked sources. Automated summaries can contain errors: the sources are the record. Spotted a mistake? Tell us. Published by Martin K., who runs Digest AI and handles corrections.
More in Business & Funding
All →- Anthropic IPO may face delay over NYC comptroller's safety concerns · 5 src
- Replit CEO says company no longer betting on Anthropic’s Claude models · 2 src
- Disney Could Buy Character.ai. What That Means for DIS Stock. · 1 src
- Katie Zacharia denies role on AI mining startup NRED board · 1 src
- Nvidia reportedly in talks to acquire or deepen stake in Reflection AI · 2 src
Comments
via GitHub Discussions