Anthropic, a potential gap in portfolios that is closeable today

To invest in Anthropic, you most likely need venture capital access, accredited investor status, or a seat at the table during a fundraising round.

The KraneShares Artificial Intelligence and Technology ETF (Ticker: AGIX) had just that. AGIX was able to invest in Anthropic (directly on its capitalization table) during a fundraising round.

Now, public market investors can gain exposure to one of the most talked about private companies of 2026, Anthropic, as a holding in our AI ETF AGIX.

What Is Anthropic?

Anthropic is an AI safety and research company best known for Claude, its family of large language models (LLMs). Founded in 2021 by former OpenAI researchers, Anthropic has grown into one of the most valuable private technology companies in the world, building AI systems designed to be safe, reliable, and commercially deployable at scale.

How AGIX Was Able To Invest In Anthropic

In February of 2025, KraneShares’ AI ETF AGIX added direct exposure to Anthropic. At that time, Anthropic was not well known to many investors, especially when compared to OpenAI. However, since AGIX invested in Anthropic at a $61.5 billion dollar valuation¹, it has arguably become a fixture in AI-related headlines.

Currently, AGIX has a 2.91% allocation to Anthropic.² Even though this may not seem significant, it has actually been a notable driver of performance. Since adding exposure to Anthropic and xAI (now SpaceX), this private exposure has directly led AGIX to outperform its own public market benchmark by over 10%.³

Why AI ETF AGIX Invested In Anthropic

Anthropic has emerged as a core building block of the global AI ecosystem. Anthropic has developed impressive large language models and AI agents that power use cases from enterprise productivity to software development. For many portfolios, however, the ability to invest in Anthropic directly has been missing, creating a gap in exposure to one of the most closely watched AI model providers ahead of a potential 2026 IPO.

Not only this, but we believe there is currently no direct public market equivalent to Anthropic. This means that Anthropic, which we view as an integral part of the AI ecosystem, remains absent from many investors' portfolios today.

Since AGIX was able to invest in Anthropic, investors can now gain exposure to Anthropic ahead of a potential 2026 IPO.

How AI ETF AGIX Creates Layered Exposure To Anthropic

Another way AI ETF AGIX invests in Anthropic is by combining a direct position in Anthropic with public companies that have participated in Anthropic's fundraising rounds. AGIX holds a 2.91% direct stake in Anthropic², alongside several large-cap technology leaders that have disclosed multi-billion-dollar investments in Anthropic.

AGIX's current holdings with investments in Anthropic:

While there's no predicting the outcome of these investments in Anthropic, each of these companies has been identified as a major investor in and commercial partner of the company.

Since AI ETF AGIX invested in Anthropic, it has what we believe is layered exposure: a direct position in Anthropic itself, plus indirect exposure through ecosystem investors like Microsoft, NVIDIA, Google, and Amazon.

Anthropic's Growth Case: What Led AI ETF AGIX To Invest In Anthropic

Anthropic is more than a headline. It is a foundation model AI company playing a significant role in the advancement of AI capabilities across enterprises and individuals alike. The growth numbers reflect real momentum: Anthropic reached a run-rate revenue of $9 billion at the end of 2025, which has reportedly increased to $30 billion as of April 2026.⁵

The company continues to attract investment from some of the largest technology companies in the world. Amazon recently announced it is investing $5 billion in Anthropic, with up to an additional $20 billion committed for the future, building on the $8 billion Amazon had previously invested.⁵

Additionally, Claude holds a notable distinction as the only frontier AI model available to customers on all three of the world's largest cloud platforms: Amazon Web Services (AWS Bedrock), Google Cloud (Vertex AI), and Microsoft Azure (Foundry). This cross-platform availability gives Anthropic distribution advantages and commercial reach that few AI companies can match and reinforces its position as foundational infrastructure for the enterprise AI stack.

AI ETF AGIX Invested In Anthropic, Now Investors Can Gain Exposure

For investors seeking exposure to Anthropic before a potential IPO, the AI ETF AGIX offers a practical, regulated path, as it has invested in Anthropic itself. We believe Anthropic's role as a foundational AI model provider, combined with its notable revenue growth, cloud platform reach, and continued backing from major technology companies, makes it a fundamental component of any AI-focused portfolio.

---

Holdings are subject to change.

For AGIX standard performance, top 10 holdings, risks, and other fund information, please click here.

Citations:

1. Data from KraneShares as of 4/17/2026.
2. Data from Bloomberg as of 4/15/2026.
3. Data from Bloomberg as of 4/17/2026.
4. Data from Bloomberg as of 4/15/2026.
5. Data from Anthropic as of 4/20/2026.