1) Top 20 holdings in XOVR
Based on the latest disclosed holdings (≈35 total positions), here are the top 20 by weight:
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SpaceX (via SPV vehicle) — ~10.05%
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NVIDIA
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Meta Platforms
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Palantir Technologies
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Arista Networks
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Cash & equivalents
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Interactive Brokers
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AppLovin
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Rocket Lab
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DoorDash
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Robinhood
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Tesla
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Oracle
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Axon Enterprise
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Alphabet (Google)
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ResMed
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Reddit
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Ubiquiti
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Zscaler
-
Natera (StockAnalysis)
Key structural insight:
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Total holdings ≈ 35 → very concentrated ETF
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Top 10 ≈ 45% of assets → high conviction portfolio (StockAnalysis)
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SpaceX is #1 position via SPV, not direct shares
2) AUM and Expense Ratio
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AUM (Assets Under Management):
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~$580M (recent) (MarketBeat)
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Some sources show up to ~$1.3B depending on inflows/timing (StockAnalysis)
-
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Expense ratio:
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0.75% (gross & net) (Stock Titan)
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Interpretation (institutional view):
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0.75% = expensive vs passive ETFs, but
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cheap relative to private market access vehicles
3) Other ETFs / funds with SpaceX exposure
A. ETFs (public market vehicles)
1) Baron First Principles ETF (Ticker: RONB)
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Holds SpaceX via private allocation
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Exact % varies, but meaningful allocation (not dominant) (MarketWatch)
2) XOVR (benchmark reference)
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~10% SpaceX exposure (current) (StockAnalysis)
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Highest among liquid ETFs
B. Non-ETF funds (important — often misunderstood)
These are not ETFs, but often provide larger SpaceX exposure:
3) Baron Partners Fund
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~28% SpaceX
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One of the largest institutional holders (MarketWatch)
4) ARK Venture Fund (interval fund)
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Estimated mid-teens % exposure (~10–20%)
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Illiquid (quarterly redemption)
C. Key conclusion (critical)
| Vehicle type | SpaceX exposure | Liquidity | Reality |
|---|---|---|---|
| XOVR | ~10% | Daily | Best ETF access |
| RONB | lower | Daily | Secondary option |
| Baron funds | 20–30% | Limited | Institutional-grade |
| ARK Venture | ~15% | Illiquid | Retail-accessible but constrained |
Bottom-line (direct answer)
Best answer:
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XOVR is currently the only ETF with meaningful (~10%) direct SpaceX exposure
Second-best option:
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Baron-related funds → higher exposure but not ETF / less liquid
Structural insight (important)
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SpaceX exposure in ETFs is always:
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via SPV (special purpose vehicle)
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marked-to-model valuation
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This introduces:
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valuation lag
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liquidity mismatch risk
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potential NAV distortions
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中文总结
1）XOVR前20大持仓：
以SpaceX（约10%）为第一大持仓，其余为NVDA、META、PLTR等高成长科技股，整体高度集中。
2）规模与费用：
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AUM约 5.8亿美元（近期）
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费用率 0.75%
3）SpaceX敞口ETF：
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XOVR：约10%（最纯ETF）
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RONB：有但较低
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更高敞口主要在：
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Baron基金（~28%）
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ARK Venture（~10–20%，但非ETF）
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结论：
???? 如果你必须通过ETF持有SpaceX，XOVR目前是最直接且权重最高的选择。
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