NEW YORK, Sep 2, 2026 – Tema ETFs (“Tema”), a leader in actively managed exchange-traded funds, today announced that the Tema Photonics & Optical ETF (LAZR) has increased its position in Anthropic, building on the fund’s initial investment announced in July. As of the date of this release, LAZR has a 15% weight in Anthropic.
The increased position comes as Anthropic moves closer to an IPO, with media reports suggesting a potential valuation of approximately $2 trillion,² which would make it the largest IPO by initial valuation in history, surpassing SpaceX.³
Exposure to Anthropic is delivered through a special purpose vehicle (SPV), an established means of investing in private companies. LAZR does not charge any incremental management fee, performance fee, or brokerage fee on the Anthropic exposure.
Tema builds ETFs for a range of market environments, offering structural growth and durable core solutions. Founded in 2022, Tema is backed by Index Ventures, Accel Partners, and over a dozen financial services CEOs.
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Craft & Capital
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