Tema Photonics & Optical ETF (LAZR) surpassed $100 million in assets under management less than three months after launch.
As of September 23, 2026, Anthropic made up 11.8% of the fund by portfolio weight, the highest Anthropic weight among U.S.-listed ETFs. The fund holds Anthropic through a special purpose vehicle, a structure used to invest in private companies. It charges no incremental management, performance or brokerage fees for that exposure. Holdings are subject to change.
Former Sivers Semiconductors CEO Anders Storm advises the fund, which was developed with research partner SemiAnalysis. Private-company holdings carry liquidity and valuation risks.
Tema Photonics & Optical ETF (LAZR), an actively managed NYSE-listed fund, appointed Anders Storm, former CEO of Sivers Semiconductors and current CEO of Dirac Research, as Expert Advisor. LAZR focuses on global photonics and optical technology leaders and, according to Tema, holds the largest pre-IPO Anthropic position by portfolio weight among U.S.-listed ETFs via an SPV, representing 5.00% of holdings as of August 7, 2026. LAZR has a 0.75% gross expense ratio and listed on June 30, 2026. Tema highlights sector, technology, and SPV/private company risks associated with this specialized strategy.
Tema Photonics & Optical ETF (LAZR) has acquired pre-IPO exposure to AI company Anthropic via a special purpose vehicle (SPV). According to Tema, Anthropic represented 12.06% of LAZR’s net assets as of this release, and the firm intends to keep it as a top holding, though holdings may change.
LAZR targets optical and photonic companies that enable faster data movement across AI infrastructure, in partnership with research firm SemiAnalysis. Tema highlights sector, technology, information technology, SPV, liquidity and valuation risks, and notes that investing in the fund involves possible loss of principal.
Tema Memory ETF (NYSE:DISK) and Tema Photonics & Optical ETF (NYSE:LAZR) have launched, offering actively managed, institutional-style exposure to AI-related semiconductor infrastructure.
Both ETFs, created with research partner SemiAnalysis, carry a 0.75% gross expense ratio and listed on June 30, 2026 on NYSE.