Humanoid Supply Chain
Humanoid robots go mainstream by 2030. The winners are the companies supplying motion control, sensors and compute, not the robot makers.
Holdings
NVIDIA NVDA · Compute 18%Its Jetson hardware and Isaac/GR00T software are the default stack for training and running humanoid models, so it collects from every robot maker at once.
Teradyne, Inc. TER · Direct beneficiary 14%Owns Universal Robots and MiR, giving it real collaborative-robot distribution alongside its semiconductor test business.
The Timken TKR · Picks & shovels 12%Bearings, precision gearing (Cone Drive) and linear motion (Rollon) are the mechanical content every joint needs.
Analog Devices ADI · Picks & shovels 12%Motor control, precision sensing and power chips sit in every actuator and sensor module.
Tesla TSLA · Robot maker 12%The most aggressive public humanoid program, with in-house actuators and the manufacturing scale to push unit costs down.
Cognex CGNX · Perception 10%Industrial vision is how robots find and handle parts on a factory floor; Cognex is a pure play on it.
ON Semiconductor ON · Picks & shovels 8%Power semiconductors for motor drives and image sensors for robot vision.
Rockwell Automation ROK · Enabler 8%Controls and software that integrate robots into production lines, the step that turns pilots into fleets.
Amphenol APH · Picks & shovels 6%Connectors and cable assemblies scale with the number of joints, sensors and boards per robot.