The MEGA9 Tracker
An equal-weighted tracker of the nine largest U.S. companies by market capitalization, with a dynamically managed options overlay, updated with each edition.
What This Is
The MEGA9 tracks the nine largest U.S. companies by market capitalization on an equal-weighted basis, a deliberate departure from cap-weighted benchmarks like the S&P 500 or Nasdaq 100, where the largest names dominate the index’s movement. The tracker starts from a $100,000 notional basis, with $11,111 allocated equally across each of the nine positions.
Alongside the raw tracker, Magnelibra runs a dynamically managed options overlay, rotating between long puts and short calls on QQQ as conditions warrant, designed to mitigate downside risk and, where positioning allows, add incremental return beyond the unhedged basket.
Newly IPO'd companies are excluded from consideration for six months following their public debut, per Magnelibra methodology (see note under current positions).
Current Snapshot
(as of the July 2, 2026 edition)
Combined Market Cap: $24,839B
YTD Balance (Unhedged): $99,815 (-0.19%)
YTD Hedged Balance: $107,640 (+7.64%)
Hedge Alpha: +$7,825 (+7.84% vs. unhedged tracker)
Figures reflect Magnelibra’s internal tracking of the MEGA9 basket and are updated with each Sunday edition. Past performance does not guarantee future results.
Reading These Numbers
The 21/50/200-period moving averages of the basket’s combined market cap function the same way they would on any individual stock chart, showing whether the aggregate mega-cap universe is trending, consolidating, or testing key structural support.
Hedge Alpha is the incremental return the options overlay adds (or costs) relative to simply holding the nine positions unhedged. A positive figure means the overlay is doing its job beyond pure downside protection.
The Nine Positions
NVIDIA (NVDA) · Apple (AAPL) · Alphabet (GOOG) · Microsoft (MSFT) · Amazon (AMZN) · Broadcom (AVGO) · Tesla (TSLA) · Meta Platforms (META) · Berkshire Hathaway (BRK.B)
Note: SpaceX is not included at this time due to Magnelibra’s internal IPO restrictions, newly public companies are excluded from consideration for six months following their public debut, per Magnelibra methodology.
A Note on This Content
Magnelibra Capital Advisors LLC’s CTA registration ceased in September 2025. Everything on this page, including the performance figures above, is provided for educational and informational purposes only, reflects hypothetical or internally tracked model results, and does not constitute investment advice or a solicitation to trade or manage funds. Trading equities, options, and related instruments involves substantial risk of loss and is not suitable for all investors.
Follow the Tracker Going Forward
Every edition of Magnelibra Trading & Research includes an update on the MEGA9 basket. Ongoing coverage is tracked continuously on our Equities page.
Full access to the MEGA9 Tracker, including every subscriber-only report and the complete Futures Trend Program, is available with a Magnelibra subscription.