Mutual Funds Quietly Stack Billions in Anthropic Shares
By Google News AI ·
Asset managers popular with retirement savers have quietly amassed sizable bets on Anthropic.
(Bloomberg) -- Anthropic PBC’s march toward an initial public offering is expected to deliver billions of dollars in paper gains to an unlikely group of early investors: ordinary mutual funds.
Asset managers popular with retirement savers have quietly amassed sizable bets on the AI juggernaut. Funds scattered across investment houses including Fidelity Investments, Capital Group and BlackRock Inc. hold Anthropic shares worth more than $15 billion combined, according to data compiled by Bloomberg and company filings.
The total sum is almost certainly larger, as the money managers oversee private funds that don’t disclose their holdings.
The stakes were built over time and for a fraction of their current value, setting up a huge payoff in the event of a successful IPO. Investors have told bankers that a valuation near $1.75 trillion is possible, though shifting AI sentiment has pushed that range as low as $1.4 trillion, Bloomberg News has reported. Anthropic most recently raised money privately at a valuation of $965 billion.
“You can count on one hand the companies over the last decade that compare to the excitement that we’ve seen with SpaceX and Anthropic,” said Dan Ives, partner at technology-focused merchant bank Yorkville Ives & Co. “There’s jitters in the market and Anthropic needs to execute but investors will give it the benefit of the doubt.”
Fidelity, Capital Group and BlackRock declined to comment on their Anthropic holdings.
Anthropic Commits to $895 Billion in Spending as Mega-IPO Nears
Anthropic’s Revenue Surge Comes With Ballooning Computing Bill
What to Know About the Anthropic IPO: Explainer
Robinhood in ‘Food Fight’ for Anthropic Retail…
Originally published by Google News AI
