Investing in the ‘Magnificent Seven’ – which shares are held in my fund and why

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Where next for the Magnificent Seven, which ones are held in my fund and why.

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

Published on 19 December 2023

It was correct at the time of publishing. Our views and any references to tax, investment and pension rules may have changed since then.

The original ‘Magnificent Seven’ were a group of hired gunslingers, on a mission to save Mexican villagers from marauding bandits. Nowadays it’s more often the term refers to giant tech companies than Yul Brynner and the rest of the 1960’s movie cast.

Microsoft, Amazon, Google parent Alphabet, Tesla, Facebook (aka Meta), Nvidia and Apple have been dubbed the Magnificent Seven in part due to their scale and in part due to their performance.

Individually and collectively, their performance has far outstripped the wider market in recent years. Between them, the group have a combined market worth of almost $12 trillion – that’s around a sixth of the value of stock markets globally.

Within the group are some extraordinary commercial propositions.

The three leading cloud computing providers are in there. So is the world’s dominant office software suite and the operating system running