- Business
- WisdomTree Growth Leaders Fund (PLAT) is an exchange-traded fund that seeks to track the WisdomTree Growth Leaders Index, providing exposure to high-growth, mid- and large-cap companies leveraging platform-based business models characterized by revenue growth from scalable networks in technology and related sectors. The fund employs a tiered-weighted portfolio methodology focused on global equities selected for compounded annual revenue growth, with core holdings spanning large-cap (over $10 billion market cap, approximately 81%), mid-cap ($2-10 billion, 13%), and small-cap (under $2 billion, 5%) companies; primary sector allocations emphasize technology platforms connecting interdependent groups, such as riders and drivers or users and providers, across diversified market capitalizations. It offers investors targeted access to platform businesses with historical three-year sales growth rates exceeding those of benchmarks like the S&P 500 or Russell 1000 Growth, featuring key portfolio characteristics including a dividend yield of 0.31%, price-to-earnings ratio of 245.36, and price-to-sales ratio of 3.98 as of recent data.
Launched on May 22, 2019, and domiciled in the United States, the fund was previously named WisdomTree Modern Tech Platforms Fund prior to its rebranding on August 1, 2020, to better reflect its enhanced focus on growth leaders with platform economics and elevated revenue growth profiles. PLAT trades on NYSE Arca with a net expense ratio of 0.20%, CUSIP 97717Y717, and as of late 2023 maintained total assets under management of approximately $10 million and shares outstanding of 315,000. Geographically, its holdings are predominantly U.S.-based (88%), with additional exposure to international markets including China (6%), Canada (1.4%), the United Kingdom (1.2%), and select European countries like Norway, Netherlands, Poland, and Germany.
The fund operates under WisdomTree, Inc., an asset manager founded in 1985 and headquartered at 250 West 34th Street, 3rd Floor, New York, NY 10119, which provides a broad suite of exchange-traded products including equity, fixed income, commodity, currency, and alternative strategies globally. Recent developments at WisdomTree include the completion of its acquisition of Ceres Partners in October 2025 for $275 million in cash, marking entry into private farmland investments and expanding beyond public ETPs into real assets; a strategic collaboration with Korea Investment Management Co. in May 2025 to broaden Asian distribution; and partnerships such as with MEXEM in July 2025 for commission-free access to WisdomTree ETFs and with Stratiphy in November 2025 to enhance investor access to commodities and thematic funds like AI and renewables. These initiatives support WisdomTree's growth in tokenized assets, digital platforms, and global reach, indirectly bolstering funds like PLAT through enhanced distribution and product innovation.