Anthropic filed for an IPO on October 26, 2026, and three widely sold funds (Growth Fund of America, Fundamental Investors and Fidelity Select Technology Portfolio) already hold private Anthropic shares, giving some 401(k) savers indirect exposure. Each Anthropic position is 1.5% or less of fund assets, and SEC rules cap illiquid investments at 15% of net assets, so the stake is small compared with holdings such as NVIDIA, which was 19% of Fidelity Select Technology's roughly $37 billion in net assets. Funds value these private shares at estimated fair value, and Fidelity Select's values for its three positions rose between May 31 and August 31 with unchanged share counts. Anthropic's S-1 says redeemable convertible preferred shares will convert into common stock before the offering, and holders of substantially all existing stock agreed not to sell for 180 days after the prospectus date, with some exceptions.
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