Current consensus
Uniform high targets
Holdings-weighted analyst upside: weight times consensus upside for every holding pours into a fund-level sum far below the headline ceiling
fund weight mosaic — each tile a holding's weight
MSFT
META
GOOGL
AMZN
NVDA
others
sum
headline claim
fund-level upside
fund upside = Σ (weight × (target / price − 1))
a holding's block = its weight × its consensus upside
mega-cap core
single outlier
long tail of small names
NVDA: tall upside,
thin single-digit weight