Point Bridge Capital

Point Bridge Capital
TypePrivate company
IndustryFinancial services
Founded2013; 13 years ago (2013)
FounderHal Lambert
Headquarters
Fort Worth, Texas
,
United States
Key people
Hal Lambert (Founder and CEO)
ProductsMAGA ETF, investment management advice
Websitewww.pointbridgecapital.com

Point Bridge Capital is an American investment management company based in Texas, founded in 2013. Its MAGA ET is an exchange-traded fund that invests in companies that are especially supportive of the United States Republican political party. The abbreviation MAGA alludes to Make America Great Again, the 2016 Republican presidential campaign slogan of Donald Trump.

The MAGA ETF fund is traded on the BATS Global Markets exchange. Its selection criteria uses Federal Election Commission data to select the top 150 US public companies that meet the political target. The fund is administered by Point Bridge and distributed by Foreside Fund Services.[1]

History

Point Bridge Capital was established by Hal Lambert in 2013.

Point Bridge capital launched the MAGA ETF on September 6, 2017, in reaction to Target Corp's inclusive bathroom policy in 2016 and Donald Trump's nomination.[2] It has a higher expense ratio of 0.72% than simple trackers and funds, which run from 0.04% to 0.08%.[3][4]

In 2018 the holdings ($39 million) were about 21% industrials, 20% finance, 17% oil and gas, and only 0.6% in tech, with top holdings in Freeport-McMoRan, Apache Corporation, Marathon Oil, TechnipFMC, and Williams Companies.[2]

Hal Lambert was previously a director at Credit Suisse and manager at JP Morgan. Lambert is a Republican donor and finance chair, and was on the 2017 Trump inaugural committee.[2] In February 2025, he was named co-CEO of Clearview AI, alongside Richard Schwartz.[5]

In October 2024, Point Bridge Capital filed a civil racketeering lawsuit against conservative media figure Chuck Johnson (and a partner), accusing them of "falslely presenting themselves as intelligence agents or assets of U.S. government agencies".[6]

References

  1. ^ "Why MAGA ETF? | Point Bridge Capital". Point Bridge Capital. Retrieved 8 March 2020. Point Bridge Capital, LLC serves as the investment advisor, and Vident Investment Advisory, LLC serves as the sub-advisor to the fund. The fund is distributed by Foreside Fund Services, LLC, which is not affiliated with Point Bridge Capital, LLC or Vident Investment Advisory, LLC.
  2. ^ a b c Lovelace, Berkeley Jr.; Belvedere, Matthew J. (8 January 2018). "'Make America Great Again' ETF, pegged to Trump's agenda, outperforms the stock market". CNBC. Retrieved 8 March 2020.
  3. ^ "Point Bridge Stock Tracker as of 2/29/2020" (PDF). investpolitically.com. Retrieved 8 March 2020.
  4. ^ Rachel Evans (17 May 2018). "The MAGA ETF Has Only One Strategy". Bloomberg.com. Retrieved 8 March 2020.{{cite web}}: CS1 maint: deprecated archival service (link)
  5. ^ "Clearview AI CEO Resigns: Controversial Facial Recognition Company Eyes Trump "Opportunities"". POCIT. Telling the stories and thoughts of the underrepresented in tech. 2025-02-24. Retrieved 2025-02-26.
  6. ^ Tani, Max (2025-10-17). "Investor sues Chuck Johnson for "falsely presenting... as intelligence agent" in alleged scheme". Semafor. Retrieved 2025-03-06.

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