Cybersecurity
Thesis
AI enlarges the attack surface and automates attackers, so security is among the least discretionary enterprise IT budgets. Spending is consolidating onto a few platforms, favoring scaled vendors.
Risks
Software multiples are sensitive to rates and AI-disruption fears. Platform bundling by large vendors and AI-native challengers can squeeze pricing, and budgets get scrutinized in downturns. Cisco is networking rather than pure security. Figures as of November 2026.
| Asset | Underlying | Instrument | Role | Side | Weight | 24h price | On the book | |
|---|---|---|---|---|---|---|---|---|
PANW PANW Robinhood | Palo Alto Networks PANW · Technology HACK6.6% | B- Tokenized equity | core | Long | 13.00% | ▼-0.03% | -0.00% | |
CSCO CSCO Robinhood | Cisco Systems, Inc. (DE) CSCO · sector n/a HACK5.8% | B- Tokenized equity | infrastructure | Long | 11.00% | ▲+2.00% | +0.22% | |
CRWD CRWD Robinhood | CrowdStrike Holdings, Inc. Class A CRWD · sector n/a HACK5.5% | B- Tokenized equity | core | Long | 11.00% | ▲+1.30% | +0.14% | |
FTNT FTNT Robinhood | Fortinet, Inc. FTNT · sector n/a HACK5.4% | B- Tokenized equity | core | Long | 10.00% | ▲+1.36% | +0.14% | |
NET NET Robinhood | Cloudflare, Inc. Class A common stock NET · sector n/a HACK4.8% | B- Tokenized equity | core | Long | 9.00% | ▲+4.12% | +0.37% | |
 OKTAx Backed Assets (xStocks) | OKTA OKTA · sector n/a HACK4.4% | B- Tokenized equity | core | Long | 8.00% | ▲+1.15% | +0.09% | |
 FFIVx Backed Assets (xStocks) | F5, Inc. FFIV · sector n/a HACK4.3% | B- Tokenized equity | infrastructure | Long | 8.00% | ▲+1.85% | +0.15% | |
ZS ZS Robinhood | Zscaler ZS · sector n/a HACK4.0% | B- Tokenized equity | core | Long | 8.00% | ▲+0.97% | +0.08% | |
 RBRKx Backed Assets (xStocks) | Rubrik RBRK · sector n/a HACK4.0% | B- Tokenized equity | core | Long | 8.00% | ▲+1.38% | +0.11% | |
 GENx Backed Assets (xStocks) | Gen Digital Inc. GEN · sector n/a HACK3.7% | B- Tokenized equity | core | Long | 7.00% | ▲+0.50% | +0.04% | |
 Sx Backed Assets (xStocks) | SentinelOne S · sector n/a HACK3.6% | B- Tokenized equity | core | Long | 7.00% | ▲+0.60% | +0.04% |
Amplify Cybersecurity ETF
3 constituents we could add · 8 not in the registry · 1 unresolved keys
None this week.