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We show that the electronic structure of the low-energy bands in the small angle-twisted bilayer graphene consists of a series of semimetallic and topological phases. In particular, we are able to prove, using an approximate low-energy particle-hole symmetry, that the gapped set of bands that exist around all magic angles have a nontrivial topology stabilized by a magnetic symmetry, provided band gaps appear at fillings of ±4 electrons per moiré unit cell. The topological index is given as the winding number (a ℤ number) of the Wilson loop in the moiré Brillouin zone. Furthermore, we also claim that, when the gapped bands are allowed to couple with higher-energy bands, the ℤ index collapses to a stable ℤ2 index. The approximate, emergent particle-hole symmetry is essential to the topology of graphene: When strongly broken, nontopological phases can appear. Our Letter underpins topology as the crucial ingredient to the description of low-energy graphene. We provide a four-band short-range tight-binding model whose two lower bands have the same topology, symmetry, and flatness as those of the twisted bilayer graphene and which can be used as an effective low-energy model. We then perform large-scale (11000 atoms per unit cell, 40 days per k-point computing time) ab initio calculations of a series of small angles, from 3° to 1°, which show a more complex and somewhat different evolution of the symmetry of the low-energy bands than that of the theoretical moiré model but which confirm the topological nature of the system.
