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        <name>ROSS STORES, INC.</name>
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        <name>PEGASYSTEMS INC.</name>
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        <name>RESMED INC.</name>
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        <name>XP Inc.</name>
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        <name>THE TRADE DESK, INC.</name>
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        <name>Markel Group Inc.</name>
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        <name>VISA INC.</name>
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        <name>FERGUSON ENTERPRISES INC.</name>
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        <name>INSULET CORPORATION</name>
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        <name>AUTOMATIC DATA PROCESSING, INC.</name>
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        <name>CROWDSTRIKE HOLDINGS, INC.</name>
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        <name>THE HOME DEPOT, INC.</name>
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        <name>APPLE INC.</name>
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        <name>COUPANG, INC.</name>
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        <name>Somnigroup International Inc.</name>
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        <name>ROYAL CARIBBEAN CRUISES LTD.</name>
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        <name>Summit Therapeutics Inc</name>
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        <name>PHILLIPS 66</name>
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        <name>ANGLOGOLD ASHANTI PLC</name>
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        <name>AVIS BUDGET GROUP, INC.</name>
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        <name>BRISTOL-MYERS SQUIBB CO</name>
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        <name>THE BOEING COMPANY</name>
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        <name>STANDARDAERO, INC.</name>
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        <name>SOUTHWEST AIRLINES CO.</name>
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        <name>RUBRIK, INC.</name>
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        <name>DELL TECHNOLOGIES INC.</name>
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        <name>SYNOPSYS, INC.</name>
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        <name>KLA CORPORATION</name>
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        <name>EXLSERVICE HOLDINGS, INC.</name>
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        <name>ROBLOX CORPORATION</name>
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        <name>Elastic N.V.</name>
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        <name>CENCORA, INC.</name>
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        <name>COLGATE-PALMOLIVE COMPANY</name>
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        <name>Popular, Inc.</name>
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        <name>HEICO CORPORATION</name>
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        <name>Duolingo Inc</name>
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        <name>LAS VEGAS SANDS CORP.</name>
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        <name>Dutch Bros Inc</name>
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        <name>FTAI Aviation Ltd,</name>
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        <name>TRADEWEB MARKETS INC.</name>
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        <name>NORWEGIAN CRUISE LINE HOLDINGS LTD.</name>
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        <name>TPG INC.</name>
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        <name>GE VERNOVA INC.</name>
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        <name>NCINO, INC.</name>
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        <name>SAREPTA THERAPEUTICS, INC.</name>
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      <invstOrSec>
        <name>BURLINGTON STORES, INC.</name>
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        <name>STARBUCKS CORPORATION</name>
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        <name>HEICO CORPORATION</name>
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        <name>AXON ENTERPRISE, INC.</name>
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        <name>SHARKNINJA, INC.</name>
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        <name>QUANTA SERVICES, INC.</name>
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        <name>BLOCK, INC.</name>
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        <name>MSCI INC.</name>
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        <name>THE GOLDMAN SACHS GROUP, INC.</name>
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        <name>Doximity Inc</name>
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        <name>UNION PACIFIC CORPORATION</name>
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        <name>EQUIFAX INC.</name>
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        <name>AMERICAN EXPRESS COMPANY</name>
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        <name>EAGLE MATERIALS INC.</name>
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        <name>CARDINAL HEALTH, INC.</name>
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        <name>ALPHABET INC.</name>
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        <name>COCA-COLA CONSOLIDATED, INC.</name>
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        <name>OKTA, INC.</name>
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        <name>WORKDAY, INC.</name>
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        <title>WORKDAY INC CLASS A</title>
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        <name>ADOBE INC.</name>
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      <invstOrSec>
        <name>LIBERTY BROADBAND CORPORATION</name>
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      <invstOrSec>
        <name>ROKU, INC.</name>
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      <invstOrSec>
        <name>HILTON WORLDWIDE HOLDINGS INC.</name>
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      <invstOrSec>
        <name>RB Global Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>COPART, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>LIBERTY MEDIA CORP - FORMULA ONE GROUP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>UDR, INC.</name>
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        <name>MARRIOTT INTERNATIONAL, INC.</name>
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        <name>ZOETIS INC.</name>
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        <name>DoubleVerify Holdings Inc</name>
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        <name>SYSCO CORPORATION</name>
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        <name>EQUITABLE HOLDINGS, INC.</name>
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        <name>COMFORT SYSTEMS USA, INC.</name>
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        <name>DAYFORCE, INC.</name>
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        <name>ONTO INNOVATION INC.</name>
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        <name>NEUROCRINE BIOSCIENCES, INC.</name>
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        <name>LEONARDO DRS, INC.</name>
        <lei>549300HMMEWVG3PPQU18</lei>
        <title>LEONARDO DRS INC</title>
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        <name>MASTERCARD INCORPORATED.</name>
        <lei>AR5L2ODV9HN37376R084</lei>
        <title>MASTERCARD INC CLASS A</title>
        <cusip>57636Q104</cusip>
        <identifiers>
          <isin value="US57636Q1040"/>
          <other otherDesc="Internal" value="57636Q104"/>
        </identifiers>
        <balance>3076929.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1729049482.26000000</valUSD>
        <pctVal>1.546731946568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRAVEL + LEISURE CO.</name>
        <lei>T4VNTWMFQ7JQB65L7T35</lei>
        <title>TRAVEL LEISURE CO</title>
        <cusip>894164102</cusip>
        <identifiers>
          <isin value="US8941641024"/>
          <other otherDesc="Internal" value="894164102"/>
        </identifiers>
        <balance>77955.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4023257.55000000</valUSD>
        <pctVal>0.003599030013</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samsara Inc</name>
        <lei>N/A</lei>
        <title>SAMSARA INC</title>
        <cusip>79589L106</cusip>
        <identifiers>
          <isin value="US79589L1061"/>
          <other otherDesc="Internal" value="79589L106"/>
        </identifiers>
        <balance>1014578.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>40359912.84000000</valUSD>
        <pctVal>0.036104210545</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARTHUR J. GALLAGHER &amp; CO.</name>
        <lei>54930049QLLMPART6V29</lei>
        <title>ARTHUR J GALLAGHER CO</title>
        <cusip>363576109</cusip>
        <identifiers>
          <isin value="US3635761097"/>
          <other otherDesc="Internal" value="363576109"/>
        </identifiers>
        <balance>58380.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18688605.60000000</valUSD>
        <pctVal>0.016718008139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>META PLATFORMS, INC.</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>META PLATFORMS INC CLASS A</title>
        <cusip>30303M102</cusip>
        <identifiers>
          <isin value="US30303M1027"/>
          <other otherDesc="Internal" value="30303M102"/>
        </identifiers>
        <balance>6784909.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5007873483.81000000</valUSD>
        <pctVal>4.479824308820</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LIBERTY BROADBAND CORPORATION</name>
        <lei>549300MIX43II8JLN536</lei>
        <title>LIBERTY BROADBAND CORP</title>
        <cusip>530307107</cusip>
        <identifiers>
          <isin value="US5303071071"/>
          <other otherDesc="Internal" value="530307107"/>
        </identifiers>
        <balance>15082.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1475321.24000000</valUSD>
        <pctVal>0.001319757772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SLM CORPORATION</name>
        <lei>N/A</lei>
        <title>SLM CORP</title>
        <cusip>78442P106</cusip>
        <identifiers>
          <isin value="US78442P1066"/>
          <other otherDesc="Internal" value="78442P106"/>
        </identifiers>
        <balance>109030.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3575093.70000000</valUSD>
        <pctVal>0.003198122259</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THE HERSHEY COMPANY</name>
        <lei>21X2CX66SU2BR6QTAD08</lei>
        <title>HERSHEY COMPANY</title>
        <cusip>427866108</cusip>
        <identifiers>
          <isin value="US4278661081"/>
          <other otherDesc="Internal" value="427866108"/>
        </identifiers>
        <balance>66557.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11045134.15000000</valUSD>
        <pctVal>0.009880493311</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>On Holding AG</name>
        <lei>N/A</lei>
        <title>ON HOLDING AG</title>
        <cusip>H5919C104</cusip>
        <identifiers>
          <isin value="CH1134540470"/>
          <other otherDesc="Internal" value="H5919C104"/>
        </identifiers>
        <balance>833061.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>43360825.05000000</valUSD>
        <pctVal>0.038788695189</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ELI LILLY AND COMPANY</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
        <title>ELI LILLY CO</title>
        <cusip>532457108</cusip>
        <identifiers>
          <isin value="US5324571083"/>
          <other otherDesc="Internal" value="532457108"/>
        </identifiers>
        <balance>3029911.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2361906521.83000000</valUSD>
        <pctVal>2.112858139460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>





      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>iShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort </ncom:signature>
      <ncom:signerName>Chuck Pulsfort </ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
