MGK Holds 46 Percent in Just Five Stocks, And That Concentration Is Driving Most of Its Recent Gains
Key takeaways
- MGK Holds 46 Percent in Just Five Stocks, And That Concentration Is Driving Most of Its Recent Gains 24/7 Wall St.
- The analyst who called NVIDIA in 2010 just named his top 10 stocks and Vanguard Mega Cap 300 Growth ETF wasn t one of them.
- The Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) has 63 holdings, which sounds diversified until you check the weights.
MGK Holds 46 Percent in Just Five Stocks, And That Concentration Is Driving Most of Its Recent Gains 24/7 Wall St. Omor Ibne Ehsan Thu, May 21, 2026 at 8:15 PM GMT+7 4 min read NVDA AAPL MSFT MGK VMGAX Quick Read Vanguard Mega Cap 300 Growth ETF (MGK) returned 28% over the past year versus 25% for the S&P 500, driven by five mega-cap holdings—NVIDIA (NVDA) at 13.75%, Apple (AAPL) at 11.77%, Microsoft (MSFT) at 8.68%, Alphabet (GOOGL) at 6.45%, and Amazon (AMZN) at 5.19%—that collectively represent 46% of the fund’s weight.
MGK’s outperformance depends entirely on the five concentrated mega-cap positions, which means a coordinated 20% drawdown in NVIDIA, Apple, and Microsoft alone would cost the fund roughly 7% while satellite holdings remain unchanged.
The analyst who called NVIDIA in 2010 just named his top 10 stocks and Vanguard Mega Cap 300 Growth ETF wasn t one of them. Get them here FREE.