Move over, FAANG. There’s a new acronym in town, and it comes with a fruit basket.
Corgi, the thematic ETF issuer that burst onto the scene with a massive multi-fund launch earlier this year, has filed for a MANGOS ETF. The fund would offer bundled exposure to Meta, Anthropic, Nvidia, Google (Alphabet), OpenAI, and SpaceX, a roster that reads like a who’s-who of companies building or enabling the AI infrastructure boom.
From Magnificent 7 to MANGOS
The MANGOS acronym started gaining traction around June 11, 2026, as investors and market watchers sought a cleaner label for the cohort of companies actually driving AI forward. Unlike the Magnificent 7 or FAANG groupings that were anchored to Big Tech’s consumer platforms, MANGOS tilts hard toward AI development and the infrastructure powering it.
Two of the six names in the basket, Anthropic and OpenAI, aren’t even publicly traded yet. Anthropic and OpenAI carry a combined valuation of approximately $965 billion based on private market estimates. Both companies are widely expected to pursue IPOs, which would be necessary for a traditional equity ETF to hold their shares directly.
