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Forge Thematic Baskets

Focused views into key private market themes

Forge Thematic Baskets provide structured insight into specific sectors of the private market.  
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Thematic Basket Performance
Green down chevron
Forge Private Market Index
Aerospace & Defense
Artificial Intelligence
Chips
Consumer
Fintech
Powered by Forge Data IconPowered by Forge Data
Returns 3M YTD 1Y
Aerospace & Defense 14.0%37.0%181.5%
Artificial Intelligence 20.6%24.0%136.9%
Chips 135.1%283.6%342.6%
Consumer 5.1%6.6%27.0%
Fintech 17.4%16.9%78.5%
Forge Private Market Index 14.0%26.1%80.4%

Forge Thematic Baskets

Focused views into key private market themes. Designed for research and analytical purposes, offers targeted insight into high-growth industries and secondary market activity.
Explore The Private Market
  • Artificial Intelligence

    Artificial intelligence infrastructure, applications and enablement platforms shaping enterprise and consumer markets.

  • Aerospace & Defense

    Private companies developing advanced aerospace systems, defense technologies, autonomy and national security infrastructure.

  • Chips

    Semiconductor companies driving compute, fabrication and next-generation hardware innovation.

  • Consumer

    High-growth consumer brands and platforms transforming retail, commerce and customer engagement.

  • Fintech

    Financial technology companies modernizing payments, lending, financial infrastructure and capital markets.

Companies by Forge Thematic Basket

Chevron
Name Basket Sector Subsector Weight Return QTD Return YTD
Abridge Artificial Intelligence Healthcare Healthcare software 1.01% 0% 0%
Addepar Fintech FinTech FinTech software 1.87% -27% -23%
Agility Robotics Artificial Intelligence Industrial Robotics 0.39% 0% 0%
Anduril Artificial Intelligence Industrial Aerospace & Defense 14.95% 1% 8%
Anduril Aerospace & Defense Industrial Aerospace & Defense 31.66% 1% 8%
Anthropic Artificial Intelligence Enterprise Software Data Intelligence 15.36% 2% -3%
Apptronik Artificial Intelligence Industrial Robotics 1.02% 2% 8%
Ayar Labs Chips Technology Hardware Computing hardware 20.95% 0% 89%
Chainalysis Fintech FinTech Blockchain software 1.06% -15% -15%
ConsenSys Fintech FinTech Blockchain 1.21% 10% 0%
Cross River Bank Fintech FinTech Digital Banking 1.26% 0% 0%
Databricks Artificial Intelligence Enterprise Software Data Intelligence 15.74% 0% -1%
Discord Consumer Consumer & Lifestyle Social 17.11% 0% 17%
Eight Sleep Consumer Consumer & Lifestyle Home Products 2.89% 129% 18%
Epic Games Consumer Consumer & Lifestyle Gaming 15.60% -17% -17%
Epirus Aerospace & Defense Industrial Aerospace & Defense 1.06% 0% 0%
Fanatics Consumer Consumer & Lifestyle Clothing, Fashion, Beauty & Apparel 18.76% 0% 0%
Figure AI Artificial Intelligence Industrial Robotics 6.10% 0% 0%
Glean Artificial Intelligence Enterprise Software Data Intelligence 1.29% -7% -14%
Groq Artificial Intelligence Enterprise Software Data Intelligence 2.45% 0% 115%
GrubMarket Consumer FoodTech Food Products & Services 5.70% 0% 0%
Kraken Fintech FinTech Blockchain 8.71% 3% -13%
Lambda Artificial Intelligence Enterprise Software Cloud / Networking Infrastructure 1.79% 5% 34%
Lightmatter Artificial Intelligence Technology Hardware Computing hardware 0.54% 0% -3%
Lightmatter Chips Technology Hardware Computing hardware 27.43% 0% -3%
Mercury Fintech FinTech Digital Banking 3.85% 22% 22%
Nuro Artificial Intelligence Transportation Autonomous Vehicles 0.70% 0% 5%
Olipop Consumer FoodTech Food Products & Services 2.93% 0% 0%
OpenAI Artificial Intelligence Enterprise Software Data Intelligence 23.19% 0% 46%
Perplexity Artificial Intelligence Enterprise Software Data Intelligence 3.62% 0% 0%
Polymarket Fintech FinTech Blockchain 10.03% 0% 22%
PsiQuantum Chips Technology Hardware Computing hardware 51.62% -1% 4%
Ramp Fintech FinTech Digital Banking 18.18% 2% 2%
Replit Artificial Intelligence Enterprise Software Software Development 1.58% 0% 79%
Ripple Fintech FinTech Payments 15.00% 6% -16%
SandboxAQ Artificial Intelligence Enterprise Software Data Intelligence 0.91% 0% -2%
Saronic Artificial Intelligence Industrial Aerospace & Defense 1.36% 35% 52%
Saronic Aerospace & Defense Industrial Aerospace & Defense 8.02% 35% 52%
Shield AI Artificial Intelligence Industrial Aerospace & Defense 1.92% 3% 82%
Shield AI Aerospace & Defense Industrial Aerospace & Defense 11.32% 3% 82%
Skild AI Artificial Intelligence Industrial Robotics 2.63% 2% 2%
SpaceX Aerospace & Defense Industrial Aerospace & Defense 44.75% 6% 53%
Stoke Space Aerospace & Defense Industrial Aerospace & Defense 3.19% 0% 56%
Stripe Fintech FinTech Payments 35.59% 0% 100%
The Farmer's Dog Consumer FoodTech Food Products & Services 8.36% -1% 0%
Thinking Machines Lab Artificial Intelligence Enterprise Software Data Intelligence 2.31% 0% 0%
Thrive Market Consumer FoodTech Food Products & Services 2.32% 0% 5%
Turo Consumer Transportation Ridesharing 2.52% 0% 0%
Upgrade Fintech FinTech Digital Banking 3.24% 0% -30%
Whoop Consumer Consumer & Lifestyle Fitness 11.36% -33% 79%
Zipline Artificial Intelligence Transportation Delivery services 1.11% -6% 11%
Zipline Consumer Transportation Delivery services 12.44% -6% 11%

FAQs

What is the difference between Forge’s private market indexes and Thematic Baskets? 

While the Forge Private Market Index and the Forge Accuidity Private Market Index provide broad-based representations of the private market, Forge’s Thematic Baskets concentrate on distinct areas of innovation and capital formation.

How are companies selected for inclusion in a Thematic Basket? 

Thematic Baskets are rules-based and constructed from companies that meet Forge’s liquidity and pricing standards.

To be included, a company must have:

  • Observable trading activity on the Forge marketplace
  • $1 billion minimum Forge Price valuation

Each basket contains a minimum of four companies to ensure meaningful sector representation.

Can I invest in a Forge Thematic Basket? 

These baskets are not investable. They are designed to provide insights into select companies with observable trading activity and reliable pricing data on the Forge marketplace.

How can investors use the Thematic Baskets for private market research and analysis? 

Built for research and market insights, Forge’s Thematic Baskets:

  • Provide focused insights to specific private market sectors
  • Leverage insights grounded in secondary market transaction data
  • Offer tools to track and analyze sector-level trends
  • Enable comparison and evaluation of individual company performance
  • Complement Forge’s broad-based private market indexes

Custom index solutions

Forge works with asset managers, index providers and financial data organizations to design and build custom private market indexes and models, leveraging Forge’s data, expertise and infrastructure.

Construction

Customizable private market solutions based on investment needs and designed with the same rigorous calculation and maintenance methodology as our core offerings.

Calculation and maintenance

End to end index production including periodic index calculations, corporate action handling, index reconstitution and rebalance.

Licensing and distribution

Technology infrastructure to generate and deliver index data for you to replicate Forge private market indexes in your investment products.

Learn More About Custom Index Solutions

PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES

Forge’s Thematic Baskets are intended for informational and research purposes only. They are not investible and do not represent any given investment product or portfolio.

Forge’s Thematic Baskets are custom calculations disseminated by Forge Data LLC (“Forge Data”) and each Thematic Basket is a mark of Forge Data. Forge’s Thematic Baskets may rely on a very limited number of trade and/or IOI inputs in their calculation. Forge’s Thematic Baskets are prepared and disseminated solely for informational purposes. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of the thematic baskets, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of the Thematic Baskets. Forge’s Thematic Baskets are derived from the performance and pricing activity of the underlying constituents based on secondary activity on the Forge platform and other private market trading platforms. Forge’s Thematic Baskets are not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Neither reference to company names, nor inclusion of companies in a Thematic Basket, implies any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company.

Any investment products managed by third-parties which seek to track the Thematic Baskets are not affiliated with Forge, and Forge and is not responsible for the approval of any investments, the management of, or the investment decisions with respect to any such third-party products. Forge makes no assurance that any such third-party investment products based on or underlying the Thematic Baskets will accurately track index performance or provide positive investment performance.

Investing in private company securities is not suitable for all investors, is highly speculative, is high risk, and investors should be prepared to withstand a total loss of their investment. Private company securities are highly illiquid and there is no guarantee that a market will develop for such securities. Each investment carries its own risks, and investors should conduct their own due diligence regarding the investment, including obtaining independent professional advice. Past performance is not indicative of future results. This is not a recommendation, offer, solicitation of an offer, or advice to buy or sell securities by Forge, nor an offer of brokerage services in any jurisdiction where Forge is not permitted to offer brokerage services.

Forge Price™ is calculated and disseminated by Forge Data LLC (“Forge Data”). All rights reserved. Forge Price™ is designed to reflect the up-to-date price performance of venture-backed, late-stage companies. Forge Price™ is determined based on a proprietary model incorporating the pricing inputs from primary founding round information and secondary market transactions, including indications of interest (IOIs).

Secondary market transactions are sourced from Forge Securities, a leading market platform, and data collected from other private market trading platforms. The Forge Price™ is a mark of Forge Data. The Forge Price™ is solely for informational purposes and is based upon information from sources believed to be reliable, however Forge Data makes no assurance as to the accuracy or reliability of this data. Forge Data is not an investment adviser and makes no representation regarding the advisability of investing in any asset or asset class. Private company securities are highly illiquid, and the Forge Price™ may rely on a very limited number of trade and/or IOI inputs in its calculation. Brokerage products and services are offered by Forge Securities, a registered broker-dealer and member FINRA/SIPC.

Neither reference to company names, nor calculation of Forge Price™ for a particular company(ies) implies any affiliation between Forge or its affiliates and any company, any endorsement or sponsorship of Forge or its affiliates by any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge or its affiliates and any company. Rights with respect to any company marks referred to herein are, as between Forge and its affiliates and such company, owned by the company.