−5.9%
since Sep 30
The idea
People say they don't want a robot until one actually solves their problem, then they buy it and rebuy it. This basket skips the hype and owns robots already being paid for in surgery, farming, warehouses, and homes, plus the chips, sensors, motion parts, and power infrastructure they all depend on. It keeps a small cash buffer and spreads the bet across many names so no single machine has to win, just the broader pattern of utility beating what people say they want. If paid deployments stall instead of grow, that's the signal to rethink it.
What it owns
- Robots and systems that deliver measurable outcomes, so customers keep buying and deploying them. · Intuitive SurgicalHospitals pay for da Vinci surgical systems because outcomes improve, and the installed base keeps expanding as procedure counts grow., SharkNinjaIt sells robot vacuums and smart home machines that consumers buy again, showing that utility robots work in the mass market., TeslaIt bets Optimus humanoid robots become a deployable product, so the position only works if progress turns into real-world placements., Deere & CoIt sells autonomous and precision farming machines to customers facing labor scarcity, and growth comes from tech subscriptions and autonomy features., Procept BioRoboticsIt sells a robot for prostate surgery where outcomes beat standard methods, and growth comes from system placements and procedure counts., Serve RoboticsIt puts delivery robots on sidewalks for major platforms, and pre-profitability means the take needs deployed fleet and delivery volume to scale fast.31%
- Components that let robots see, move, and manipulate, from sensors to motors to precision equipment. · CognexIt makes the vision systems that let factory and warehouse robots see what they handle, so orders show whether automation spending is real., TE ConnectivityIt sells the connectors and sensors inside nearly every electrified machine, so more robots means more parts per unit., TeradyneIt tests chips going into every robot and owns Universal Robots, a leading maker of collaborative arms that work alongside people., Regal RexnordIt makes the motors, bearings, and power transmission parts that make machines actually move, so industrial automation demand must keep growing., NovantaIt supplies lasers, precision motion, and vision components inside surgical and industrial robots, so adoption must keep rising., OusterIt sells lidar sensors that give robots and vehicles depth perception, so sensor volumes must grow and losses must narrow as deployments multiply.20%
- Processors and software that let robots think and perceive, from data centers to the edge. · NVIDIAIt supplies the chips and simulation tools that most robot developers train and run on, so robotics must stay real growth, not just a data center story., QualcommIt makes the chips that let robots and machines think at the edge without calling a data center, so automotive and IoT revenue must grow., AmbarellaIt makes low-power chips that let cameras and machines understand what they see on device, so edge AI revenue must ramp to justify the smaller size and risk.15%
- Large-scale automation in warehouses and logistics where robots have already proven they lower costs. · SymboticIt builds complete warehouse automation systems where major retailers have committed to multi-billion dollar rollouts., AmazonIt deploys more warehouse robots than anyone and keeps buying them because costs per package keep falling, proving robots pay for themselves at scale., GXO LogisticsIt runs warehouses for other companies and wins contracts because automation improves them, so automated sites must grow as a share of the business.13%
- Electrical infrastructure and generation capacity that electrified machines and data centers depend on. · EatonIt supplies the electrical equipment factories, data centers, and automated warehouses need to run more machines on more power., GE VernovaIt builds turbines and grid equipment that generate and move electricity for machines and data centers, so power demand from electrification must grow., VertivIt sells power and cooling equipment that keeps the compute behind robot fleets running, so data center buildout must stay strong.11%
- Cash9%