Theme · live manifest · live theme JSON
Atoms Bits Long '26: Mining Capex
8 tickers · $166.57B total market cap
Group: Atoms Bits Long
The theme posits a capital rotation from 'bits' (software) to 'atoms' (physical materials and infrastructure), driven by AI's insatiable demand for power and materials. This necessitates increased mining capital expenditure for equipment and services to meet growing demand for critical minerals amid supply constraints.
Atoms Bits Long '26: Mining Capex tracks 8 publicly listed stocks in this theme: 6301.T, AGCO, ALQ.AU, CNH, EPIA.ST, FNV, FTT.TO, SAND.ST. See the constituent table for details.
Thesis update: 2026-03-02
Constituents
Build 20260519T212339
| Company | Previous Quarter Report Date | Next Expected Report Date | Last Quarter Earnings Move % | Earnings Move % | Intra-Quarter Move % | Since Last Report % | Market cap | Weight |
|---|---|---|---|---|---|---|---|---|
Sandvik AB (publ)SAND.ST | 04/22/2026 (AMC) | 04/22/2026 (AMC) | 2.07% | 1.09% | 5.91% | -11.06% | $48.37B | 12.5000 |
Franco-Nevada CorporationFNV | 05/12/2026 (AMC) | 05/12/2026 (AMC) | 0.52% | 1.34% | -10.06% | -7.50% | $43.46B | 12.5000 |
Komatsu Ltd.6301.T | 04/28/2026 (BMO) | 04/28/2026 (BMO) | -1.54% | -4.34% | 13.83% | -5.95% | $35.89B | 12.5000 |
CNH Industrial N.V.CNH | 04/30/2026 (BMO) | 04/30/2026 (BMO) | -0.63% | 3.97% | -20.44% | -2.39% | $13.02B | 12.5000 |
Finning International Inc.FTT.TO | 05/12/2026 (AMC) | 05/12/2026 (AMC) | -3.11% | 7.34% | 10.05% | -9.09% | $9.70B | 12.5000 |
AGCO CorporationAGCO | 05/05/2026 (BMO) | 05/05/2026 (BMO) | 8.95% | -0.87% | -8.52% | -7.24% | $8.19B | 12.5000 |
ALS LimitedALQ.AU | 05/18/2026 | 05/18/2026 | -1.95% | -1.36%* | 15.40% | 0.00% | $7.94B | 12.5000 |
EPIROC AB-AEPIA.ST | — | — | — | — | — | — | — | 12.5000 |
| Average | 0.62% | 1.03% | 0.88% | -6.17% | $23.80B | 12.5000 | ||
| Median | -0.63% | 1.09% | 5.91% | -7.24% | $13.02B | 12.5000 | ||
| Std Dev | 3.75% | 3.52% | 12.82% | 3.54% | $16.67B | 0.0% | ||
| Min | -3.11% | -4.34% | -20.44% | -11.06% | $7.94B | 12.5000 | ||
| Max | 8.95% | 7.34% | 15.40% | 0.00% | $48.37B | 12.5000 | ||
| % Positive Tickers | 42.86% | 57.14% | 57.14% | 0.00% |
* Provisional value: before LstRpt% reaches its 2-day post-report lock window (BMO/AMC adjusted), EarningsPerf is calculated from current vs pre-report and then locks to final LstRpt%.