Corgi Files for MANGOS ETF Targeting AI Leaders

Corgi, the thematic ETF issuer, has filed for a new fund targeting the so-called MANGOS cohort: Meta, Anthropic, Nvidia, Google, OpenAI, and SpaceX. The acronym represents a shift away from consumer-focused Big Tech groups, honing in strictly on companies building artificial intelligence and the infrastructure required to power it.

Two components, Anthropic and OpenAI, are not yet public. They carry a combined private valuation of roughly $965 billion, and their eventual IPOs would be critical for direct equity inclusion. SpaceX adds a defense and satellite adjacency to the AI thesis.

This filing expands on Corgi’s existing Magnificent 7 ETF. The firm launched a sweeping suite of over two dozen thematic funds in May, rapidly accumulating approximately $160 million in assets. The MANGOS product would sport an exceptionally concentrated portfolio of just six names.

While the theme captures the current AI boom, concentration risk remains high. A regulatory setback, a safety failure, or an earnings miss from a single holding could heavily impact the fund’s performance.