NPORT-EX 2 iShares_Core_SPT_US_SM_ETF.htm PART F
Schedule
of
Investments
(unaudited)
June
30,
2025
iShares
®
Core
S&P
Total
U.S.
Stock
Market
ETF
1
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Common
Stocks
Aerospace
&
Defense
—
2.2%
AAR
Corp.
(a)
........................
40,818
$
2,807,870
AeroVironment,
Inc.
(a)
(b)
.................
33,616
9,578,879
Archer
Aviation,
Inc.
,
Class
A
(a)
(b)
...........
492,847
5,347,390
Astronics
Corp.
(a)
(b)
....................
39,751
1,330,863
ATI,
Inc.
(a)
(b)
.........................
167,171
14,433,544
Axon
Enterprise,
Inc.
(a)
.................
86,831
71,890,858
Boeing
Co.
(The)
(a)
....................
885,343
185,505,919
BWX
Technologies,
Inc.
................
107,728
15,519,296
Byrna
Technologies,
Inc.
(a)
(b)
..............
22,790
703,755
Cadre
Holdings,
Inc.
...................
28,737
915,273
Curtiss-Wright
Corp.
...................
44,913
21,942,246
Ducommun,
Inc.
(a)
....................
16,762
1,385,044
GE
Aerospace
.......................
1,250,750
321,930,542
General
Dynamics
Corp.
................
292,672
85,360,716
HEICO
Corp.
(b)
......................
41,816
13,715,648
HEICO
Corp.
,
Class
A
..................
95,888
24,811,020
Hexcel
Corp.
........................
97,121
5,486,365
Howmet
Aerospace,
Inc.
................
474,043
88,233,624
Huntington
Ingalls
Industries,
Inc.
..........
46,047
11,118,509
Intuitive
Machines,
Inc.
,
Class
A
(a)
(b)
.........
133,887
1,455,352
Karman
Holdings,
Inc.
(a)
(b)
...............
24,857
1,252,047
Kratos
Defense
&
Security
Solutions,
Inc.
(a)
(b)
..
185,333
8,608,718
L3Harris
Technologies,
Inc.
..............
218,726
54,865,230
Leonardo
DRS,
Inc.
...................
90,113
4,188,452
Loar
Holdings,
Inc.
(a)
...................
31,387
2,704,618
Lockheed
Martin
Corp.
.................
243,565
112,804,694
Mercury
Systems,
Inc.
(a)
(b)
...............
66,754
3,595,370
Moog,
Inc.
,
Class
A
...................
35,116
6,354,943
National
Presto
Industries,
Inc.
............
9,534
933,951
Northrop
Grumman
Corp.
...............
157,982
78,987,840
Redwire
Corp.
(a)
(b)
.....................
48,280
786,964
Rocket
Lab
Corp.
(a)
(b)
..................
431,515
15,435,292
RTX
Corp.
.........................
1,566,087
228,680,024
Spirit
AeroSystems
Holdings,
Inc.
,
Class
A
(a)
(b)
..
144,235
5,502,565
StandardAero,
Inc.
(a)
...................
158,210
5,007,347
Textron,
Inc.
........................
215,035
17,265,160
TransDigm
Group,
Inc.
.................
65,578
99,720,530
Triumph
Group,
Inc.
(a)
..................
93,491
2,407,393
V2X,
Inc.
(a)
(b)
........................
14,908
723,783
Woodward,
Inc.
......................
70,596
17,302,374
1,550,600,008
Air
Freight
&
Logistics
—
0.3%
CH
Robinson
Worldwide,
Inc.
............
138,921
13,329,470
Expeditors
International
of
Washington,
Inc.
...
154,684
17,672,647
FedEx
Corp.
........................
258,479
58,754,861
Forward
Air
Corp.
(a)
(b)
..................
24,138
592,347
GXO
Logistics,
Inc.
(a)
(b)
.................
141,978
6,914,329
Hub
Group,
Inc.
,
Class
A
................
75,418
2,521,224
United
Parcel
Service,
Inc.
,
Class
B
........
858,962
86,703,624
186,488,502
Automobile
Components
—
0.1%
Adient
plc
(a)
.........................
110,372
2,147,839
American
Axle
&
Manufacturing
Holdings,
Inc.
(a)
165,654
675,868
Aptiv
plc
(a)
..........................
254,721
17,377,067
Autoliv,
Inc.
.........................
84,992
9,510,605
BorgWarner,
Inc.
.....................
250,077
8,372,578
Cooper-Standard
Holdings,
Inc.
(a)
..........
28,764
618,426
Dana,
Inc.
..........................
157,446
2,700,199
Dorman
Products,
Inc.
(a)
(b)
...............
34,263
4,203,042
Fox
Factory
Holding
Corp.
(a)
..............
50,041
1,298,063
Garrett
Motion,
Inc.
...................
104,902
1,102,520
Gentex
Corp.
.......................
256,701
5,644,855
Security
Shares
Shares
Value
Automobile
Components
(continued)
Gentherm,
Inc.
(a)
.....................
38,817
$
1,098,133
Goodyear
Tire
&
Rubber
Co.
(The)
(a)
........
340,146
3,527,314
LCI
Industries
.......................
29,222
2,664,754
Lear
Corp.
.........................
62,615
5,947,173
Mobileye
Global,
Inc.
,
Class
A
(a)
(b)
..........
125,116
2,249,586
Modine
Manufacturing
Co.
(a)
.............
62,274
6,133,989
Patrick
Industries,
Inc.
.................
40,661
3,751,790
Phinia,
Inc.
.........................
54,080
2,406,019
QuantumScape
Corp.
,
Class
A
(a)
(b)
.........
545,193
3,663,697
Solid
Power,
Inc.
,
Class
A
(a)
(b)
.............
237,482
520,086
Standard
Motor
Products,
Inc.
............
29,201
897,055
Visteon
Corp.
(a)
......................
32,459
3,028,425
XPEL,
Inc.
(a)
(b)
(c)
......................
27,067
971,705
90,510,788
Automobiles
—
1.7%
Ford
Motor
Co.
......................
4,579,680
49,689,528
General
Motors
Co.
...................
1,121,704
55,199,054
Harley-Davidson,
Inc.
..................
135,060
3,187,416
Lucid
Group,
Inc.
(a)
(b)
...................
1,424,532
3,005,763
Rivian
Automotive,
Inc.
,
Class
A
(a)
(b)
.........
975,733
13,406,571
Tesla,
Inc.
(a)
.........................
3,286,306
1,043,927,964
Thor
Industries,
Inc.
...................
62,804
5,577,623
Winnebago
Industries,
Inc.
..............
34,907
1,012,303
1,175,006,222
Banks
—
3.9%
1st
Source
Corp.
.....................
25,308
1,570,868
Amalgamated
Financial
Corp.
............
30,891
963,799
Amerant
Bancorp,
Inc.
,
Class
A
...........
72,454
1,320,836
Ameris
Bancorp
......................
72,655
4,700,779
Arrow
Financial
Corp.
..................
33,353
881,186
Associated
Banc-Corp.
.................
233,397
5,692,553
Atlantic
Union
Bankshares
Corp.
..........
173,926
5,440,405
Axos
Financial,
Inc.
(a)
..................
61,426
4,670,833
Banc
of
California,
Inc.
.................
192,752
2,708,166
BancFirst
Corp.
......................
24,767
3,061,697
Bancorp,
Inc.
(The)
(a)
(b)
.................
56,401
3,213,165
Bank
First
Corp.
.....................
10,413
1,225,089
Bank
of
America
Corp.
.................
7,676,256
363,240,434
Bank
of
Hawaii
Corp.
..................
40,870
2,759,951
Bank
of
Marin
Bancorp
.................
32,295
737,618
Bank
OZK
.........................
124,930
5,879,206
BankUnited,
Inc.
.....................
54,730
1,947,841
Banner
Corp.
.......................
32,834
2,106,301
Bar
Harbor
Bankshares
................
29,305
877,978
BayCom
Corp.
......................
30,318
840,112
Berkshire
Hills
Bancorp,
Inc.
.............
54,387
1,361,850
BOK
Financial
Corp.
...................
30,173
2,945,790
Bridgewater
Bancshares,
Inc.
(a)
...........
57,959
922,128
Brookline
Bancorp,
Inc.
.................
97,114
1,024,553
Burke
&
Herbert
Financial
Services
Corp.
....
12,612
753,315
Business
First
Bancshares,
Inc.
...........
44,339
1,092,956
Byline
Bancorp,
Inc.
...................
51,825
1,385,282
Cadence
Bank
......................
126,472
4,044,575
Camden
National
Corp.
................
30,082
1,220,728
Capital
City
Bank
Group,
Inc.
.............
18,044
710,031
Capitol
Federal
Financial,
Inc.
............
140,206
855,257
Carter
Bankshares,
Inc.
(a)
(b)
..............
49,091
851,238
Cathay
General
Bancorp
................
75,891
3,455,317
CB
Financial
Services,
Inc.
..............
27,439
782,012
Citigroup,
Inc.
.......................
2,193,040
186,671,565
Citizens
Financial
Group,
Inc.
............
499,412
22,348,687
City
Holding
Co.
.....................
14,142
1,731,264
CNB
Financial
Corp.
...................
38,326
876,132
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Core
S&P
Total
U.S.
Stock
Market
ETF
2
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Banks
(continued)
Coastal
Financial
Corp.
(a)
(b)
..............
18,228
$
1,765,746
Colony
Bankcorp,
Inc.
.................
75,877
1,249,694
Columbia
Banking
System,
Inc.
...........
257,489
6,020,093
Columbia
Financial,
Inc.
(a)
(b)
..............
38,653
560,855
Comerica,
Inc.
.......................
151,210
9,019,677
Commerce
Bancshares,
Inc.
.............
153,307
9,531,096
Community
Financial
System,
Inc.
.........
63,227
3,595,720
Community
Trust
Bancorp,
Inc.
...........
21,608
1,143,495
ConnectOne
Bancorp,
Inc.
..............
87,167
2,018,788
Cullen/Frost
Bankers,
Inc.
...............
77,026
9,900,922
Customers
Bancorp,
Inc.
(a)
...............
31,977
1,878,329
CVB
Financial
Corp.
...................
151,836
3,004,834
Dime
Community
Bancshares,
Inc.
.........
45,853
1,235,280
Eagle
Bancorp,
Inc.
...................
38,958
758,902
East
West
Bancorp,
Inc.
................
164,480
16,609,190
Eastern
Bankshares,
Inc.
...............
263,561
4,024,576
Enterprise
Financial
Services
Corp.
........
51,556
2,840,736
Equity
Bancshares,
Inc.
,
Class
A
..........
29,836
1,217,309
Esquire
Financial
Holdings,
Inc.
...........
15,993
1,513,897
Farmers
National
Banc
Corp.
.............
79,614
1,097,877
FB
Financial
Corp.
....................
53,557
2,426,132
Fifth
Third
Bancorp
...................
792,369
32,590,137
Financial
Institutions,
Inc.
...............
36,220
930,130
First
Bancorp
.......................
174,235
4,798,502
First
Busey
Corp.
.....................
125,482
2,871,656
First
Citizens
BancShares,
Inc.
,
Class
A
(b)
....
12,761
24,966,514
First
Commonwealth
Financial
Corp.
........
137,224
2,227,146
First
Community
Bankshares,
Inc.
.........
20,191
790,881
First
Financial
Bancorp
.................
110,198
2,673,403
First
Financial
Bankshares,
Inc.
...........
161,943
5,826,709
First
Financial
Corp.
...................
20,566
1,114,472
First
Foundation,
Inc.
(a)
(b)
................
81,846
417,415
First
Hawaiian,
Inc.
...................
193,336
4,825,667
First
Horizon
Corp.
....................
623,430
13,216,716
First
Interstate
BancSystem,
Inc.
,
Class
A
....
120,998
3,487,162
First
Merchants
Corp.
..................
70,150
2,686,745
First
Mid
Bancshares,
Inc.
...............
28,928
1,084,511
First
Western
Financial,
Inc.
(a)
............
29,294
660,873
Flagstar
Financial,
Inc.
.................
353,466
3,746,740
Flushing
Financial
Corp.
................
50,873
604,371
FNB
Corp.
.........................
459,924
6,705,692
Fulton
Financial
Corp.
..................
170,381
3,073,673
German
American
Bancorp,
Inc.
...........
49,337
1,899,968
Glacier
Bancorp,
Inc.
..................
142,486
6,138,297
Great
Southern
Bancorp,
Inc.
.............
10,471
615,485
Hancock
Whitney
Corp.
................
101,228
5,810,487
HarborOne
Bancorp,
Inc.
...............
75,379
880,427
Heritage
Commerce
Corp.
...............
87,073
864,635
Heritage
Financial
Corp.
................
33,267
793,085
Hilltop
Holdings,
Inc.
...................
58,769
1,783,639
Hingham
Institution
for
Savings
(The)
(b)
......
2,445
607,216
Home
BancShares,
Inc.
................
240,269
6,838,056
HomeTrust
Bancshares,
Inc.
.............
25,211
943,144
Hope
Bancorp,
Inc.
...................
122,819
1,317,848
Horizon
Bancorp,
Inc.
..................
73,804
1,135,106
Huntington
Bancshares,
Inc.
.............
1,761,925
29,529,863
Independent
Bank
Corp.
................
80,754
4,101,095
International
Bancshares
Corp.
...........
64,999
4,326,333
John
Marshall
Bancorp,
Inc.
.............
28,766
533,034
JPMorgan
Chase
&
Co.
................
3,258,762
944,747,691
Kearny
Financial
Corp.
.................
93,417
603,474
KeyCorp
...........................
1,242,067
21,636,807
Lakeland
Financial
Corp.
................
24,962
1,533,915
Live
Oak
Bancshares,
Inc.
...............
41,501
1,236,730
M&T
Bank
Corp.
.....................
184,940
35,876,511
Security
Shares
Shares
Value
Banks
(continued)
Mercantile
Bank
Corp.
.................
20,258
$
940,174
Metropolitan
Bank
Holding
Corp.
(a)
(b)
........
14,235
996,450
Mid
Penn
Bancorp,
Inc.
.................
30,176
850,963
Midland
States
Bancorp,
Inc.
.............
27,720
480,110
MidWestOne
Financial
Group,
Inc.
.........
31,391
903,119
National
Bank
Holdings
Corp.
,
Class
A
......
45,037
1,693,842
NB
Bancorp,
Inc.
(a)
(b)
...................
60,434
1,079,351
NBT
Bancorp,
Inc.
....................
77,673
3,227,313
Nicolet
Bankshares,
Inc.
................
16,458
2,032,234
Northeast
Bank
......................
12,050
1,072,330
Northeast
Community
Bancorp,
Inc.
........
42,098
978,568
Northfield
Bancorp,
Inc.
................
45,684
524,452
Northwest
Bancshares,
Inc.
..............
134,357
1,717,082
Norwood
Financial
Corp.
................
24,351
627,769
OceanFirst
Financial
Corp.
..............
112,567
1,982,305
OFG
Bancorp
.......................
34,652
1,483,106
Old
National
Bancorp
..................
348,185
7,430,268
Old
Second
Bancorp,
Inc.
...............
76,166
1,351,185
Origin
Bancorp,
Inc.
...................
41,410
1,479,993
Orrstown
Financial
Services,
Inc.
..........
31,507
1,002,868
Pacific
Premier
Bancorp,
Inc.
.............
116,172
2,450,067
Park
National
Corp.
...................
20,031
3,350,385
Pathward
Financial,
Inc.
................
24,964
1,975,152
PCB
Bancorp
.......................
44,199
927,295
Peapack-Gladstone
Financial
Corp.
........
42,703
1,206,360
Peoples
Bancorp,
Inc.
.................
55,770
1,703,216
Pinnacle
Financial
Partners,
Inc.
...........
92,773
10,243,067
PNC
Financial
Services
Group,
Inc.
(The)
....
461,248
85,985,852
Ponce
Financial
Group,
Inc.
(a)
............
91,680
1,268,851
Popular,
Inc.
........................
81,186
8,947,509
Princeton
Bancorp,
Inc.
.................
20,702
632,239
Prosperity
Bancshares,
Inc.
..............
120,187
8,441,935
Provident
Financial
Services,
Inc.
..........
164,758
2,888,208
QCR
Holdings,
Inc.
...................
28,142
1,910,842
Red
River
Bancshares,
Inc.
(b)
.............
11,611
681,566
Regions
Financial
Corp.
................
1,092,395
25,693,130
Renasant
Corp.
......................
98,238
3,529,691
Republic
Bancorp,
Inc.
,
Class
A
...........
14,058
1,027,780
S&T
Bancorp,
Inc.
....................
33,660
1,273,021
Seacoast
Banking
Corp.
of
Florida
.........
102,452
2,829,724
ServisFirst
Bancshares,
Inc.
.............
58,214
4,512,167
Shore
Bancshares,
Inc.
.................
74,813
1,176,060
Simmons
First
National
Corp.
,
Class
A
......
151,421
2,870,942
SmartFinancial,
Inc.
...................
40,382
1,364,104
Sound
Financial
Bancorp,
Inc.
............
18,315
842,490
South
Plains
Financial,
Inc.
..............
40,307
1,452,664
Southern
Missouri
Bancorp,
Inc.
...........
14,727
806,745
Southside
Bancshares,
Inc.
..............
32,238
948,764
SouthState
Corp.
.....................
114,816
10,566,516
Stellar
Bancorp,
Inc.
...................
60,317
1,687,670
Stock
Yards
Bancorp,
Inc.
...............
34,773
2,746,372
Synovus
Financial
Corp.
................
166,765
8,630,089
Texas
Capital
Bancshares,
Inc.
(a)
..........
58,371
4,634,657
TFS
Financial
Corp.
...................
73,097
946,606
Tompkins
Financial
Corp.
...............
13,969
876,275
Towne
Bank
........................
89,497
3,059,007
TriCo
Bancshares
....................
56,057
2,269,748
Triumph
Financial,
Inc.
(a)
................
32,060
1,766,827
Truist
Financial
Corp.
..................
1,572,619
67,606,891
Trustmark
Corp.
.....................
60,627
2,210,460
UMB
Financial
Corp.
..................
80,256
8,439,721
United
Bankshares,
Inc.
................
168,672
6,144,721
United
Community
Banks,
Inc.
............
95,857
2,855,580
Univest
Financial
Corp.
.................
37,450
1,124,998
US
Bancorp
........................
1,827,732
82,704,873
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Core
S&P
Total
U.S.
Stock
Market
ETF
3
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Banks
(continued)
Valley
National
Bancorp
................
548,253
$
4,895,899
Veritex
Holdings,
Inc.
..................
59,000
1,539,900
Virginia
National
Bankshares
Corp.
.........
13,587
502,719
WaFd,
Inc.
.........................
88,366
2,587,356
Washington
Trust
Bancorp,
Inc.
...........
27,922
789,634
Webster
Financial
Corp.
................
201,604
11,007,578
Wells
Fargo
&
Co.
....................
3,818,078
305,904,409
WesBanco,
Inc.
......................
127,402
4,029,725
Westamerica
Bancorp
.................
24,413
1,182,566
Western
Alliance
Bancorp
...............
130,421
10,170,230
Wintrust
Financial
Corp.
................
79,781
9,891,248
WSFS
Financial
Corp.
.................
59,618
3,278,990
Zions
Bancorp
NA
....................
178,947
9,294,507
2,707,475,686
Beverages
—
1.0%
Boston
Beer
Co.,
Inc.
(The)
,
Class
A
(a)
.......
11,120
2,121,807
Brown-Forman
Corp.
,
Class
A
............
63,340
1,739,950
Brown-Forman
Corp.
,
Class
B,
NVS
........
214,777
5,779,649
Celsius
Holdings,
Inc.
(a)
.................
188,008
8,721,691
Coca-Cola
Co.
(The)
..................
4,537,421
321,022,536
Coca-Cola
Consolidated,
Inc.
.............
66,295
7,401,837
Constellation
Brands,
Inc.
,
Class
A
.........
179,858
29,259,299
Keurig
Dr
Pepper,
Inc.
.................
1,592,588
52,650,959
MGP
Ingredients,
Inc.
..................
20,068
601,438
Molson
Coors
Beverage
Co.
,
Class
B
.......
203,299
9,776,649
Monster
Beverage
Corp.
(a)
...............
818,805
51,289,945
National
Beverage
Corp.
(a)
...............
27,505
1,189,316
PepsiCo,
Inc.
.......................
1,606,322
212,098,757
Primo
Brands
Corp.
,
Class
A
.............
294,766
8,730,969
Vita
Coco
Co.,
Inc.
(The)
(a)
(b)
.............
48,415
1,747,782
714,132,584
Biotechnology
—
2.0%
89bio,
Inc.
(a)
........................
150,674
1,479,619
AbbVie,
Inc.
........................
2,071,295
384,473,778
Abeona
Therapeutics,
Inc.
(a)
(b)
............
108,672
617,257
Absci
Corp.
(a)
(b)
......................
132,650
340,911
ACADIA
Pharmaceuticals,
Inc.
(a)
...........
145,693
3,142,598
ADMA
Biologics,
Inc.
(a)
.................
279,004
5,080,663
Agios
Pharmaceuticals,
Inc.
(a)
(b)
...........
70,070
2,330,528
Akebia
Therapeutics,
Inc.
(a)
(b)
.............
328,136
1,194,415
Akero
Therapeutics,
Inc.
(a)
(b)
..............
89,396
4,770,171
Aldeyra
Therapeutics,
Inc.
(a)
(b)
.............
85,138
326,079
Alkermes
plc
(a)
.......................
198,431
5,677,111
Allogene
Therapeutics,
Inc.
(a)
(b)
............
321,561
363,364
Alnylam
Pharmaceuticals,
Inc.
(a)
...........
153,374
50,013,728
Altimmune,
Inc.
(a)
(b)
....................
112,855
436,749
Amgen,
Inc.
........................
632,013
176,464,350
Amicus
Therapeutics,
Inc.
(a)
..............
319,821
1,832,574
AnaptysBio,
Inc.
(a)
(b)
...................
40,867
907,247
Anavex
Life
Sciences
Corp.
(a)
(b)
...........
96,961
893,980
Anika
Therapeutics,
Inc.
(a)
...............
43,604
461,330
Annexon,
Inc.
(a)
(b)
.....................
124,828
299,587
Apellis
Pharmaceuticals,
Inc.
(a)
............
145,603
2,520,388
Apogee
Therapeutics,
Inc.
(a)
..............
39,766
1,727,037
Arbutus
Biopharma
Corp.
(a)
(b)
.............
239,973
741,517
Arcellx,
Inc.
(a)
(b)
......................
46,351
3,052,213
Arcturus
Therapeutics
Holdings,
Inc.
(a)
(b)
......
27,687
360,208
Arcus
Biosciences,
Inc.
(a)
................
78,868
641,986
Arcutis
Biotherapeutics,
Inc.
(a)
(b)
...........
138,225
1,937,915
Ardelyx,
Inc.
(a)
(b)
......................
280,058
1,097,827
ArriVent
Biopharma,
Inc.
(a)
(b)
..............
30,166
656,714
Arrowhead
Pharmaceuticals,
Inc.
(a)
.........
150,161
2,372,544
ARS
Pharmaceuticals,
Inc.
(a)
(b)
............
73,728
1,286,554
Security
Shares
Shares
Value
Biotechnology
(continued)
Astria
Therapeutics,
Inc.
(a)
(b)
..............
64,024
$
343,169
aTyr
Pharma,
Inc.
(a)
(b)
..................
132,442
671,481
Aura
Biosciences,
Inc.
(a)
(b)
...............
63,133
395,213
Avidity
Biosciences,
Inc.
(a)
(b)
..............
148,678
4,222,455
Avita
Medical,
Inc.
(a)
(b)
..................
40,120
212,235
Beam
Therapeutics,
Inc.
(a)
(b)
..............
122,616
2,085,698
BioCryst
Pharmaceuticals,
Inc.
(a)
...........
265,925
2,382,688
Biogen,
Inc.
(a)
.......................
172,145
21,619,691
Biohaven
Ltd.
(a)
......................
105,452
1,487,928
BioMarin
Pharmaceutical,
Inc.
(a)
...........
228,694
12,571,309
Blueprint
Medicines
Corp.
(a)
..............
77,693
9,958,689
Bridgebio
Pharma,
Inc.
(a)
(b)
...............
178,607
7,712,250
Capricor
Therapeutics,
Inc.
(a)
(b)
............
60,345
599,226
CareDx,
Inc.
(a)
.......................
68,998
1,348,221
Catalyst
Pharmaceuticals,
Inc.
(a)
(b)
..........
133,161
2,889,594
Celcuity,
Inc.
(a)
(b)
......................
34,087
455,061
Celldex
Therapeutics,
Inc.
(a)
(b)
.............
79,515
1,618,130
CG
oncology,
Inc.
(a)
(b)
..................
63,963
1,663,038
Cogent
Biosciences,
Inc.
(a)
(b)
.............
153,252
1,100,349
Corvus
Pharmaceuticals,
Inc.
(a)
(b)
..........
76,198
304,792
Crinetics
Pharmaceuticals,
Inc.
(a)
(b)
.........
113,879
3,275,160
CRISPR
Therapeutics
AG
(a)
(b)
.............
102,674
4,994,063
Cullinan
Therapeutics,
Inc.
(a)
(b)
............
65,893
496,174
Cytokinetics,
Inc.
(a)
(b)
...................
146,619
4,844,292
CytomX
Therapeutics,
Inc.
(a)
(b)
............
265,574
602,853
Day
One
Biopharmaceuticals,
Inc.
(a)
........
98,154
638,001
Denali
Therapeutics,
Inc.
(a)
(b)
.............
151,757
2,123,080
Dianthus
Therapeutics,
Inc.
(a)
(b)
............
29,569
550,870
Disc
Medicine,
Inc.
(a)
(b)
.................
28,255
1,496,385
Dynavax
Technologies
Corp.
(a)
............
191,159
1,896,297
Dyne
Therapeutics,
Inc.
(a)
(b)
..............
101,416
965,480
Emergent
BioSolutions,
Inc.
(a)
(b)
...........
50,650
323,147
Enanta
Pharmaceuticals,
Inc.
(a)
...........
43,180
326,441
Erasca,
Inc.
(a)
.......................
228,095
289,681
Exact
Sciences
Corp.
(a)
(b)
................
224,465
11,928,070
Exelixis,
Inc.
(a)
.......................
323,777
14,270,471
Geron
Corp.
(a)
(b)
......................
654,713
923,145
Gilead
Sciences,
Inc.
..................
1,459,507
161,815,541
GRAIL,
Inc.
(a)
(b)
......................
38,860
1,998,181
Halozyme
Therapeutics,
Inc.
(a)
(b)
...........
146,110
7,600,642
Heron
Therapeutics,
Inc.
(a)
(b)
..............
220,549
456,536
Humacyte,
Inc.
(a)
(b)
....................
151,358
316,338
Ideaya
Biosciences,
Inc.
(a)
(b)
..............
107,309
2,255,635
ImmunityBio,
Inc.
(a)
(b)
...................
278,223
734,509
Immunome,
Inc.
(a)
(b)
...................
122,397
1,138,292
Immunovant,
Inc.
(a)
(b)
...................
122,868
1,965,888
Incyte
Corp.
(a)
.......................
190,856
12,997,294
Insmed,
Inc.
(a)
.......................
215,081
21,645,752
Intellia
Therapeutics,
Inc.
(a)
(b)
.............
120,216
1,127,626
Ionis
Pharmaceuticals,
Inc.
(a)
(b)
............
188,096
7,431,673
Iovance
Biotherapeutics,
Inc.
(a)
(b)
...........
268,229
461,354
Ironwood
Pharmaceuticals,
Inc.
,
Class
A
(a)
....
178,360
127,920
iTeos
Therapeutics,
Inc.
(a)
...............
39,018
389,009
Janux
Therapeutics,
Inc.
(a)
...............
37,825
873,757
KalVista
Pharmaceuticals,
Inc.
(a)
(b)
..........
48,752
551,141
Keros
Therapeutics,
Inc.
(a)
(b)
..............
40,558
541,449
Korro
Bio,
Inc.
(a)
(b)
.....................
13,134
164,044
Krystal
Biotech,
Inc.
(a)
..................
29,796
4,095,758
Kura
Oncology,
Inc.
(a)
..................
97,369
561,819
Kymera
Therapeutics,
Inc.
(a)
(b)
............
59,737
2,606,923
Madrigal
Pharmaceuticals,
Inc.
(a)
(b)
.........
20,376
6,166,593
MannKind
Corp.
(a)
(b)
...................
420,165
1,571,417
Metsera,
Inc.
(a)
(b)
.....................
18,092
514,717
MiMedx
Group,
Inc.
(a)
..................
139,119
850,017
Mineralys
Therapeutics,
Inc.
(a)
(b)
...........
42,581
576,121
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Core
S&P
Total
U.S.
Stock
Market
ETF
4
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Biotechnology
(continued)
Mirum
Pharmaceuticals,
Inc.
(a)
(b)
...........
56,388
$
2,869,585
Moderna,
Inc.
(a)
(b)
.....................
398,366
10,990,918
Monte
Rosa
Therapeutics,
Inc.
(a)
(b)
.........
80,642
363,695
Myriad
Genetics,
Inc.
(a)
.................
113,155
600,853
Natera,
Inc.
(a)
.......................
162,011
27,370,138
Neurocrine
Biosciences,
Inc.
(a)
............
118,176
14,853,541
Novavax,
Inc.
(a)
(b)
.....................
223,891
1,410,513
Nurix
Therapeutics,
Inc.
(a)
(b)
..............
87,090
991,955
Nuvalent,
Inc.
,
Class
A
(a)
(b)
...............
51,957
3,964,319
ORIC
Pharmaceuticals,
Inc.
(a)
............
73,831
749,385
Oruka
Therapeutics,
Inc.
(b)
...............
41,508
465,305
PDL
BioPharma,
Inc.
(a)
(d)
................
135,868
1
Praxis
Precision
Medicines,
Inc.
(a)
..........
27,256
1,146,115
Protagonist
Therapeutics,
Inc.
(a)
(b)
..........
70,604
3,902,283
Prothena
Corp.
plc
(a)
...................
47,889
290,686
PTC
Therapeutics,
Inc.
(a)
................
93,502
4,566,638
Recursion
Pharmaceuticals,
Inc.
,
Class
A
(a)
(b)
..
377,977
1,912,564
Regeneron
Pharmaceuticals,
Inc.
..........
122,187
64,148,175
REGENXBIO,
Inc.
(a)
(b)
..................
91,160
748,424
Relay
Therapeutics,
Inc.
(a)
(b)
..............
176,039
609,095
Replimune
Group,
Inc.
(a)
(b)
...............
74,003
687,488
Revolution
Medicines,
Inc.
(a)
(b)
............
207,401
7,630,283
Rhythm
Pharmaceuticals,
Inc.
(a)
...........
64,532
4,077,777
Rocket
Pharmaceuticals,
Inc.
(a)
(b)
..........
108,537
265,916
Roivant
Sciences
Ltd.
(a)
(b)
...............
510,430
5,752,546
Sage
Therapeutics,
Inc.
(a)
...............
71,743
654,296
Sana
Biotechnology,
Inc.
(a)
(b)
.............
154,848
422,735
Sangamo
Therapeutics,
Inc.
(a)
(b)
...........
302,125
163,540
Sarepta
Therapeutics,
Inc.
(a)
.............
112,059
1,916,209
Savara,
Inc.
(a)
(b)
......................
153,844
350,764
Scholar
Rock
Holding
Corp.
(a)
(b)
...........
92,011
3,259,030
Soleno
Therapeutics,
Inc.
(a)
(b)
.............
41,666
3,490,777
SpringWorks
Therapeutics,
Inc.
(a)
..........
92,694
4,355,691
Spyre
Therapeutics,
Inc.
(a)
(b)
..............
57,904
866,823
Stoke
Therapeutics,
Inc.
(a)
(b)
..............
49,684
563,913
Summit
Therapeutics,
Inc.
(a)
(b)
.............
162,689
3,462,022
Syndax
Pharmaceuticals,
Inc.
(a)
(b)
..........
108,708
1,018,050
Taysha
Gene
Therapies,
Inc.
(a)
(b)
...........
243,398
562,249
TG
Therapeutics,
Inc.
(a)
.................
163,040
5,867,810
Tonix
Pharmaceuticals
Holding
Corp.
(a)
(b)
.....
15,907
572,334
Tourmaline
Bio,
Inc.
(a)
..................
23,722
379,315
Travere
Therapeutics,
Inc.
(a)
..............
103,832
1,536,714
Twist
Bioscience
Corp.
(a)
(b)
...............
78,470
2,886,911
Tyra
Biosciences,
Inc.
(a)
(b)
...............
28,303
270,860
Ultragenyx
Pharmaceutical,
Inc.
(a)
..........
138,189
5,024,552
uniQure
NV
(a)
(b)
......................
71,014
989,935
United
Therapeutics
Corp.
(a)
..............
52,574
15,107,139
Vanda
Pharmaceuticals,
Inc.
(a)
(b)
...........
107,405
506,952
Vaxcyte,
Inc.
(a)
(b)
......................
145,157
4,719,054
Vera
Therapeutics,
Inc.
,
Class
A
(a)
(b)
.........
62,961
1,483,361
Veracyte,
Inc.
(a)
(b)
.....................
94,652
2,558,444
Verastem,
Inc.
(a)
(b)
.....................
86,151
357,527
Vericel
Corp.
(a)
(b)
......................
59,608
2,536,320
Vertex
Pharmaceuticals,
Inc.
(a)
............
301,539
134,245,163
Verve
Therapeutics,
Inc.
(a)
...............
104,885
1,177,859
Viking
Therapeutics,
Inc.
(a)
(b)
..............
131,985
3,497,603
Vir
Biotechnology,
Inc.
(a)
................
122,219
615,984
Viridian
Therapeutics,
Inc.
(a)
(b)
.............
82,908
1,159,054
Xencor,
Inc.
(a)
.......................
94,849
745,513
1,390,314,416
Broadline
Retail
—
3.5%
Amazon.com,
Inc.
(a)
...................
11,080,118
2,430,867,088
Dillard's,
Inc.
,
Class
A
(b)
.................
3,515
1,468,672
eBay,
Inc.
..........................
540,271
40,228,579
Security
Shares
Shares
Value
Broadline
Retail
(continued)
Etsy,
Inc.
(a)
.........................
125,497
$
6,294,929
Groupon,
Inc.
(a)
(b)
.....................
30,735
1,028,086
Kohl's
Corp.
(b)
.......................
136,408
1,156,740
Macy's,
Inc.
........................
328,314
3,828,141
Ollie's
Bargain
Outlet
Holdings,
Inc.
(a)
(b)
......
72,128
9,505,028
2,494,377,263
Building
Products
—
0.7%
A
O
Smith
Corp.
.....................
137,001
8,983,156
AAON,
Inc.
.........................
78,810
5,812,237
Advanced
Drainage
Systems,
Inc.
.........
82,793
9,509,604
Allegion
plc
.........................
97,653
14,073,750
American
Woodmark
Corp.
(a)
.............
20,378
1,087,574
Apogee
Enterprises,
Inc.
................
29,974
1,216,944
Armstrong
World
Industries,
Inc.
...........
51,161
8,310,593
AZEK
Co.,
Inc.
(The)
,
Class
A
(a)
...........
172,896
9,396,898
AZZ,
Inc.
..........................
33,901
3,202,966
Builders
FirstSource,
Inc.
(a)
..............
129,722
15,137,260
Carlisle
Cos.,
Inc.
....................
50,167
18,732,358
Carrier
Global
Corp.
...................
933,888
68,351,263
CSW
Industrials,
Inc.
(b)
.................
19,680
5,644,814
Fortune
Brands
Innovations,
Inc.
..........
146,766
7,555,514
Gibraltar
Industries,
Inc.
(a)
...............
39,363
2,322,417
Griffon
Corp.
........................
48,284
3,494,313
Hayward
Holdings,
Inc.
(a)
(b)
...............
162,701
2,245,274
Insteel
Industries,
Inc.
..................
23,503
874,547
Janus
International
Group,
Inc.
(a)
(b)
.........
174,659
1,421,724
JELD-WEN
Holding,
Inc.
(a)
(b)
..............
100,276
393,082
Johnson
Controls
International
plc
.........
772,376
81,578,353
Lennox
International,
Inc.
...............
36,928
21,168,607
Masco
Corp.
........................
245,534
15,802,568
Masterbrand,
Inc.
(a)
...................
154,522
1,688,925
Owens
Corning
......................
99,409
13,670,726
Quanex
Building
Products
Corp.
...........
52,240
987,336
Resideo
Technologies,
Inc.
(a)
.............
170,589
3,763,193
Simpson
Manufacturing
Co.,
Inc.
..........
49,134
7,631,002
Tecnoglass,
Inc.
......................
27,105
2,096,843
Trane
Technologies
plc
.................
261,301
114,295,670
Trex
Co.,
Inc.
(a)
(b)
.....................
127,514
6,934,211
UFP
Industries,
Inc.
...................
72,325
7,186,212
Zurn
Elkay
Water
Solutions
Corp.
..........
173,236
6,335,241
470,905,175
Capital
Markets
—
3.5%
Acadian
Asset
Management,
Inc.
..........
47,892
1,687,714
Affiliated
Managers
Group,
Inc.
...........
33,609
6,613,243
Ameriprise
Financial,
Inc.
...............
110,533
58,994,778
Ares
Management
Corp.
,
Class
A
..........
237,449
41,126,167
Artisan
Partners
Asset
Management,
Inc.
,
Class
A
.............................
84,162
3,730,901
Bank
of
New
York
Mellon
Corp.
(The)
.......
838,202
76,368,584
BGC
Group,
Inc.
,
Class
A
...............
464,690
4,753,779
BlackRock,
Inc.
(e)
.....................
170,845
179,259,116
Blackstone,
Inc.
,
Class
A
................
858,246
128,376,437
Blue
Owl
Capital,
Inc.
,
Class
A
............
685,162
13,161,962
Bridge
Investment
Group
Holdings,
Inc.
,
Class
A
69,835
699,048
Carlyle
Group,
Inc.
(The)
................
257,962
13,259,247
CBOE
Global
Markets,
Inc.
..............
122,425
28,550,734
Charles
Schwab
Corp.
(The)
.............
2,001,868
182,650,436
CME
Group,
Inc.
,
Class
A
...............
422,850
116,545,917
Cohen
&
Steers,
Inc.
..................
34,388
2,591,136
Coinbase
Global,
Inc.
,
Class
A
(a)
...........
248,225
87,000,380
Diamond
Hill
Investment
Group,
Inc.
........
6,489
942,917
DigitalBridge
Group,
Inc.
,
Class
A
(b)
.........
198,631
2,055,831
Donnelley
Financial
Solutions,
Inc.
(a)
........
30,910
1,905,601
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Core
S&P
Total
U.S.
Stock
Market
ETF
5
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Capital
Markets
(continued)
Evercore,
Inc.
,
Class
A
.................
41,501
$
11,206,100
FactSet
Research
Systems,
Inc.
...........
44,046
19,700,895
Federated
Hermes,
Inc.
,
Class
B,
NVS
......
95,541
4,234,377
Franklin
Resources,
Inc.
................
356,540
8,503,479
Galaxy
Digital,
Inc.
,
Class
A
(a)
(b)
...........
192,701
4,220,152
GCM
Grosvenor,
Inc.
,
Class
A
............
73,757
852,631
Goldman
Sachs
Group,
Inc.
(The)
.........
359,149
254,187,705
Hamilton
Lane,
Inc.
,
Class
A
.............
51,955
7,383,845
Houlihan
Lokey,
Inc.
,
Class
A
.............
62,726
11,287,544
Interactive
Brokers
Group,
Inc.
,
Class
A
......
508,557
28,179,143
Intercontinental
Exchange,
Inc.
...........
673,588
123,583,190
Invesco
Ltd.
........................
527,561
8,319,637
Janus
Henderson
Group
plc
.............
154,123
5,986,137
Jefferies
Financial
Group,
Inc.
............
191,773
10,488,065
KKR
&
Co.,
Inc.
......................
793,394
105,545,204
Lazard,
Inc.
........................
133,430
6,401,971
LPL
Financial
Holdings,
Inc.
..............
93,921
35,217,557
MarketAxess
Holdings,
Inc.
..............
43,636
9,745,664
Moelis
&
Co.
,
Class
A
..................
67,479
4,205,291
Moody's
Corp.
.......................
181,396
90,986,420
Morgan
Stanley
......................
1,447,886
203,949,222
Morningstar,
Inc.
.....................
31,896
10,013,111
MSCI,
Inc.
.........................
90,296
52,077,315
Nasdaq,
Inc.
........................
487,297
43,574,098
Northern
Trust
Corp.
...................
224,105
28,414,273
Open
Lending
Corp.
,
Class
A
(a)
(b)
..........
112,907
219,040
P10,
Inc.
,
Class
A
....................
80,241
820,063
Perella
Weinberg
Partners
,
Class
C
........
75,594
1,468,035
Piper
Sandler
Cos.
....................
20,023
5,565,193
PJT
Partners,
Inc.
,
Class
A
..............
29,250
4,826,542
Raymond
James
Financial,
Inc.
...........
214,281
32,864,277
Robinhood
Markets,
Inc.
,
Class
A
(a)
(b)
........
838,159
78,476,827
S&P
Global,
Inc.
.....................
369,066
194,604,811
SEI
Investments
Co.
...................
111,157
9,988,568
State
Street
Corp.
....................
330,940
35,192,160
StepStone
Group,
Inc.
,
Class
A
...........
82,997
4,606,334
Stifel
Financial
Corp.
..................
118,004
12,246,455
StoneX
Group,
Inc.
(a)
..................
49,268
4,490,286
T.
Rowe
Price
Group,
Inc.
...............
254,787
24,586,945
TPG,
Inc.
,
Class
A
....................
158,002
8,287,205
Tradeweb
Markets,
Inc.
,
Class
A
...........
136,614
20,000,290
Victory
Capital
Holdings,
Inc.
,
Class
A
.......
59,462
3,785,946
Virtu
Financial,
Inc.
,
Class
A
..............
96,338
4,314,979
Virtus
Investment
Partners,
Inc.
...........
9,190
1,667,066
WisdomTree,
Inc.
.....................
163,858
1,886,006
2,488,433,982
Chemicals
—
1.2%
AdvanSix,
Inc.
.......................
31,880
757,150
Air
Products
&
Chemicals,
Inc.
............
260,206
73,393,704
Albemarle
Corp.
.....................
138,433
8,675,596
Ashland,
Inc.
........................
58,397
2,936,201
Aspen
Aerogels,
Inc.
(a)
(b)
................
74,184
439,169
Avient
Corp.
........................
111,485
3,602,080
Axalta
Coating
Systems
Ltd.
(a)
............
255,355
7,581,490
Balchem
Corp.
......................
39,220
6,243,824
Cabot
Corp.
........................
64,880
4,866,000
Celanese
Corp.
......................
129,644
7,173,203
CF
Industries
Holdings,
Inc.
..............
190,911
17,563,812
Chemours
Co.
(The)
...................
175,273
2,006,876
Corteva,
Inc.
........................
805,870
60,061,491
Dow,
Inc.
..........................
840,555
22,257,896
DuPont
de
Nemours,
Inc.
...............
488,650
33,516,504
Eastman
Chemical
Co.
.................
133,757
9,986,298
Ecolab,
Inc.
........................
295,993
79,752,354
Security
Shares
Shares
Value
Chemicals
(continued)
Ecovyst,
Inc.
(a)
(b)
......................
141,541
$
1,164,882
Element
Solutions,
Inc.
.................
260,821
5,907,596
Flotek
Industries,
Inc.
(a)
(b)
................
44,662
659,211
FMC
Corp.
.........................
147,170
6,144,348
Ginkgo
Bioworks
Holdings,
Inc.
(a)
(b)
.........
59,640
670,950
Hawkins,
Inc.
.......................
20,910
2,971,311
HB
Fuller
Co.
.......................
73,873
4,443,461
Huntsman
Corp.
.....................
205,278
2,138,997
Ingevity
Corp.
(a)
......................
40,896
1,762,209
Innospec,
Inc.
.......................
30,443
2,559,952
International
Flavors
&
Fragrances,
Inc.
......
299,319
22,014,912
Koppers
Holdings,
Inc.
.................
23,975
770,796
Linde
plc
..........................
550,569
258,315,963
LSB
Industries,
Inc.
(a)
(b)
.................
79,357
618,985
LyondellBasell
Industries
NV
,
Class
A
.......
302,704
17,514,453
Mativ
Holdings,
Inc.
...................
60,076
409,718
Minerals
Technologies,
Inc.
..............
41,298
2,274,281
Mosaic
Co.
(The)
.....................
371,280
13,544,294
NewMarket
Corp.
.....................
8,763
6,054,006
Olin
Corp.
..........................
143,241
2,877,712
Orion
SA
..........................
71,493
749,962
Perimeter
Solutions,
Inc.
(a)
...............
170,649
2,375,434
PPG
Industries,
Inc.
...................
267,383
30,414,816
PureCycle
Technologies,
Inc.
(a)
(b)
...........
186,502
2,555,077
Quaker
Chemical
Corp.
................
17,257
1,931,749
RPM
International,
Inc.
.................
147,918
16,247,313
Scotts
Miracle-Gro
Co.
(The)
.............
54,278
3,580,177
Sensient
Technologies
Corp.
.............
49,249
4,852,011
Sherwin-Williams
Co.
(The)
..............
270,311
92,813,985
Stepan
Co.
.........................
26,841
1,464,982
Trinseo
plc
.........................
62,769
195,839
Tronox
Holdings
plc
...................
142,567
722,815
Westlake
Corp.
......................
39,147
2,972,432
854,508,277
Commercial
Services
&
Supplies
—
0.7%
ABM
Industries,
Inc.
...................
75,533
3,565,913
ACCO
Brands
Corp.
...................
115,422
413,211
ACV
Auctions,
Inc.
,
Class
A
(a)
(b)
............
218,998
3,552,148
Brady
Corp.
,
Class
A,
NVS
..............
50,599
3,439,214
BrightView
Holdings,
Inc.
(a)
(b)
.............
82,998
1,381,917
Brink's
Co.
(The)
.....................
51,163
4,568,344
Casella
Waste
Systems,
Inc.
,
Class
A
(a)
(b)
.....
71,966
8,303,437
CECO
Environmental
Corp.
(a)
(b)
...........
39,320
1,113,149
Cimpress
plc
(a)
(b)
.....................
21,826
1,025,822
Cintas
Corp.
........................
400,018
89,152,012
Clean
Harbors,
Inc.
(a)
..................
58,387
13,497,907
Copart,
Inc.
(a)
.......................
1,028,587
50,472,764
CoreCivic,
Inc.
(a)
.....................
126,872
2,673,193
Deluxe
Corp.
........................
52,647
837,614
Driven
Brands
Holdings,
Inc.
(a)
(b)
...........
73,222
1,285,778
Ennis,
Inc.
.........................
30,679
556,517
Enviri
Corp.
(a)
(b)
......................
91,376
793,144
GEO
Group,
Inc.
(The)
(a)
................
165,515
3,964,084
Healthcare
Services
Group,
Inc.
(a)
..........
83,802
1,259,544
HNI
Corp.
..........................
56,837
2,795,244
Interface,
Inc.
(b)
......................
76,209
1,595,054
Liquidity
Services,
Inc.
(a)
(b)
...............
38,805
915,410
MillerKnoll,
Inc.
......................
89,179
1,731,856
Montrose
Environmental
Group,
Inc.
(a)
(b)
......
38,373
839,985
MSA
Safety,
Inc.
.....................
47,122
7,894,349
OPENLANE,
Inc.
(a)
....................
137,543
3,362,926
RB
Global,
Inc.
......................
218,627
23,216,001
Republic
Services,
Inc.
.................
237,710
58,621,663
Rollins,
Inc.
.........................
332,144
18,739,564
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Core
S&P
Total
U.S.
Stock
Market
ETF
6
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Commercial
Services
&
Supplies
(continued)
Steelcase,
Inc.
,
Class
A
................
113,485
$
1,183,649
Tetra
Tech,
Inc.
......................
317,962
11,433,913
UniFirst
Corp.
.......................
17,168
3,231,361
Veralto
Corp.
........................
288,334
29,107,317
Vestis
Corp.
........................
152,274
872,530
VSE
Corp.
(b)
........................
22,300
2,920,854
Waste
Management,
Inc.
................
427,197
97,751,218
458,068,606
Communications
Equipment
—
0.9%
ADTRAN
Holdings,
Inc.
(a)
...............
87,412
784,086
Applied
Optoelectronics,
Inc.
(a)
(b)
...........
54,358
1,396,457
Arista
Networks,
Inc.
(a)
.................
1,209,340
123,727,575
Aviat
Networks,
Inc.
(a)
(b)
.................
17,378
417,941
Calix,
Inc.
(a)
.........................
71,539
3,805,159
Ciena
Corp.
(a)
.......................
169,083
13,751,520
Cisco
Systems,
Inc.
...................
4,668,384
323,892,482
Clearfield,
Inc.
(a)
......................
19,279
836,901
CommScope
Holding
Co.,
Inc.
(a)
...........
237,056
1,962,824
Digi
International,
Inc.
(a)
.................
50,974
1,776,954
Extreme
Networks,
Inc.
(a)
................
169,878
3,049,310
F5,
Inc.
(a)
..........................
67,279
19,801,555
Harmonic,
Inc.
(a)
......................
131,094
1,241,460
Juniper
Networks,
Inc.
.................
382,604
15,277,378
Lumentum
Holdings,
Inc.
(a)
(b)
.............
83,629
7,949,773
Motorola
Solutions,
Inc.
................
194,547
81,799,232
NETGEAR,
Inc.
(a)
.....................
40,171
1,167,771
NetScout
Systems,
Inc.
(a)
...............
97,351
2,415,278
Ribbon
Communications,
Inc.
(a)
...........
185,307
743,081
Ubiquiti,
Inc.
........................
4,833
1,989,505
Viasat,
Inc.
(a)
(b)
.......................
89,751
1,310,365
Viavi
Solutions,
Inc.
(a)
(b)
.................
261,561
2,633,919
611,730,526
Construction
&
Engineering
—
0.3%
AECOM
...........................
153,222
17,292,635
Ameresco,
Inc.
,
Class
A
(a)
(b)
..............
43,052
653,960
API
Group
Corp.
(a)
....................
287,841
14,694,283
Arcosa,
Inc.
........................
56,592
4,907,092
Argan,
Inc.
.........................
15,094
3,327,925
Centuri
Holdings,
Inc.
(a)
.................
32,448
728,133
Comfort
Systems
USA,
Inc.
..............
41,267
22,127,778
Construction
Partners,
Inc.
,
Class
A
(a)
(b)
......
56,252
5,978,463
Dycom
Industries,
Inc.
(a)
................
34,452
8,419,724
EMCOR
Group,
Inc.
...................
52,055
27,843,699
Everus
Construction
Group,
Inc.
(a)
..........
59,836
3,801,381
Fluor
Corp.
(a)
........................
196,958
10,098,037
Granite
Construction,
Inc.
...............
55,074
5,149,970
Great
Lakes
Dredge
&
Dock
Corp.
(a)
........
106,879
1,302,855
IES
Holdings,
Inc.
(a)
(b)
..................
9,431
2,793,745
Limbach
Holdings,
Inc.
(a)
(b)
...............
11,619
1,627,822
MasTec,
Inc.
(a)
(b)
......................
72,533
12,361,799
MYR
Group,
Inc.
(a)
....................
19,631
3,562,045
NWPX
Infrastructure,
Inc.
(a)
..............
16,558
679,044
Orion
Group
Holdings,
Inc.
(a)
(b)
............
53,112
481,726
Primoris
Services
Corp.
................
64,575
5,032,975
Quanta
Services,
Inc.
..................
173,836
65,723,915
Sterling
Infrastructure,
Inc.
(a)
(b)
............
35,975
8,300,512
Tutor
Perini
Corp.
(a)
...................
59,145
2,766,803
Valmont
Industries,
Inc.
.................
23,216
7,581,649
WillScot
Holdings
Corp.
................
222,126
6,086,252
243,324,222
Construction
Materials
—
0.2%
CRH
plc
...........................
791,943
72,700,367
Eagle
Materials,
Inc.
...................
39,581
7,999,716
Security
Shares
Shares
Value
Construction
Materials
(continued)
Knife
River
Corp.
(a)
....................
67,073
$
5,475,840
Martin
Marietta
Materials,
Inc.
............
70,937
38,941,575
United
States
Lime
&
Minerals,
Inc.
.........
14,325
1,429,635
Vulcan
Materials
Co.
..................
155,696
40,608,631
167,155,764
Consumer
Finance
—
0.7%
Ally
Financial,
Inc.
....................
325,840
12,691,468
American
Express
Co.
.................
649,327
207,122,327
Bread
Financial
Holdings,
Inc.
............
45,918
2,622,836
Capital
One
Financial
Corp.
..............
748,521
159,255,328
Credit
Acceptance
Corp.
(a)
(b)
..............
7,867
4,007,686
Dave,
Inc.
,
Class
A
(a)
(b)
.................
9,559
2,565,731
Encore
Capital
Group,
Inc.
(a)
.............
27,585
1,067,815
Enova
International,
Inc.
(a)
...............
32,008
3,569,532
EZCORP,
Inc.
,
Class
A,
NVS
(a)
(b)
...........
62,020
860,838
FirstCash
Holdings,
Inc.
................
46,269
6,252,793
Green
Dot
Corp.
,
Class
A
(a)
..............
72,254
778,898
LendingClub
Corp.
(a)
...................
128,546
1,546,408
LendingTree,
Inc.
(a)
....................
14,463
536,143
Navient
Corp.
.......................
110,159
1,553,242
Nelnet,
Inc.
,
Class
A
...................
20,840
2,524,141
NerdWallet,
Inc.
,
Class
A
(a)
(b)
.............
62,817
689,103
OneMain
Holdings,
Inc.
.................
142,073
8,098,161
PRA
Group,
Inc.
(a)
....................
51,820
764,345
PROG
Holdings,
Inc.
..................
55,774
1,636,967
SLM
Corp.
.........................
251,022
8,231,011
SoFi
Technologies,
Inc.
(a)
(b)
..............
1,312,983
23,909,420
Synchrony
Financial
...................
444,723
29,680,813
Upstart
Holdings,
Inc.
(a)
(b)
................
99,497
6,435,466
World
Acceptance
Corp.
(a)
(b)
..............
3,884
641,326
487,041,798
Consumer
Staples
Distribution
&
Retail
—
1.9%
Albertsons
Cos.,
Inc.
,
Class
A
............
465,316
10,008,947
Andersons,
Inc.
(The)
..................
38,073
1,399,183
BJ's
Wholesale
Club
Holdings,
Inc.
(a)
........
154,412
16,650,246
Casey's
General
Stores,
Inc.
.............
43,688
22,292,676
Chefs'
Warehouse,
Inc.
(The)
(a)
...........
46,417
2,961,869
Costco
Wholesale
Corp.
................
520,159
514,926,200
Dollar
General
Corp.
..................
258,801
29,601,658
Dollar
Tree,
Inc.
(a)
.....................
233,627
23,138,418
Grocery
Outlet
Holding
Corp.
(a)
(b)
...........
104,697
1,300,337
Ingles
Markets,
Inc.
,
Class
A
.............
17,112
1,084,559
Kroger
Co.
(The)
.....................
717,359
51,456,161
Maplebear,
Inc.
(a)
(b)
....................
194,257
8,788,187
Natural
Grocers
by
Vitamin
Cottage,
Inc.
.....
14,059
551,816
Performance
Food
Group
Co.
(a)
...........
185,369
16,214,226
PriceSmart,
Inc.
......................
30,704
3,225,148
SpartanNash
Co.
.....................
49,226
1,303,997
Sprouts
Farmers
Market,
Inc.
(a)
............
115,924
19,085,727
Sysco
Corp.
........................
572,656
43,372,965
Target
Corp.
........................
532,739
52,554,702
United
Natural
Foods,
Inc.
(a)
..............
66,879
1,558,950
US
Foods
Holding
Corp.
(a)
...............
271,822
20,933,012
Walgreens
Boots
Alliance,
Inc.
............
846,481
9,717,602
Walmart,
Inc.
........................
5,068,273
495,575,734
Weis
Markets,
Inc.
....................
19,559
1,417,832
1,349,120,152
Containers
&
Packaging
—
0.3%
Amcor
plc
..........................
2,687,123
24,694,660
AptarGroup,
Inc.
.....................
76,699
11,998,025
Avery
Dennison
Corp.
..................
91,861
16,118,850
Ball
Corp.
..........................
329,690
18,492,312
Crown
Holdings,
Inc.
..................
134,682
13,869,552
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Core
S&P
Total
U.S.
Stock
Market
ETF
7
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Containers
&
Packaging
(continued)
Graphic
Packaging
Holding
Co.
...........
352,542
$
7,428,060
Greif,
Inc.
,
Class
A,
NVS
................
28,069
1,824,204
Greif,
Inc.
,
Class
B
....................
10,340
713,564
International
Paper
Co.
.................
619,036
28,989,456
Myers
Industries,
Inc.
..................
48,909
708,691
O-I
Glass,
Inc.
(a)
(b)
.....................
177,295
2,613,328
Packaging
Corp.
of
America
.............
105,149
19,815,329
Sealed
Air
Corp.
.....................
150,300
4,663,809
Silgan
Holdings,
Inc.
...................
96,594
5,233,463
Smurfit
WestRock
plc
..................
579,867
25,021,261
Sonoco
Products
Co.
..................
112,339
4,893,487
TriMas
Corp.
........................
52,723
1,508,405
188,586,456
Distributors
—
0.1%
A-Mark
Precious
Metals,
Inc.
.............
23,338
517,637
Genuine
Parts
Co.
....................
163,560
19,841,464
GigaCloud
Technology,
Inc.
,
Class
A
(a)
(b)
......
33,343
659,524
LKQ
Corp.
.........................
295,192
10,925,056
Pool
Corp.
.........................
44,890
13,084,537
45,028,218
Diversified
Consumer
Services
—
0.1%
ADT,
Inc.
..........................
471,793
3,996,087
Adtalem
Global
Education,
Inc.
(a)
..........
42,873
5,454,732
American
Public
Education,
Inc.
(a)
..........
32,330
984,772
Bright
Horizons
Family
Solutions,
Inc.
(a)
......
68,450
8,459,735
Carriage
Services,
Inc.
.................
20,588
941,695
Coursera,
Inc.
(a)
......................
142,793
1,250,867
Duolingo,
Inc.
,
Class
A
(a)
................
46,123
18,911,352
Frontdoor,
Inc.
(a)
......................
88,719
5,229,098
Graham
Holdings
Co.
,
Class
B
............
3,708
3,508,398
Grand
Canyon
Education,
Inc.
(a)
...........
33,605
6,351,345
H&R
Block,
Inc.
......................
158,195
8,683,324
KinderCare
Learning
Cos.,
Inc.
(a)
..........
53,124
536,552
Laureate
Education,
Inc.
(a)
...............
165,060
3,859,103
Lincoln
Educational
Services
Corp.
(a)
(b)
.......
28,764
663,010
Matthews
International
Corp.
,
Class
A
.......
42,028
1,004,889
Mister
Car
Wash,
Inc.
(a)
(b)
................
142,563
856,804
OneSpaWorld
Holdings
Ltd.
..............
124,721
2,543,061
Perdoceo
Education
Corp.
...............
66,393
2,170,387
Service
Corp.
International
..............
168,564
13,721,110
Strategic
Education,
Inc.
................
28,313
2,410,286
Stride,
Inc.
(a)
........................
49,740
7,221,751
Udemy,
Inc.
(a)
.......................
113,636
798,861
Universal
Technical
Institute,
Inc.
(a)
.........
49,218
1,667,998
101,225,217
Diversified
REITs
—
0.0%
Alexander
&
Baldwin,
Inc.
...............
130,114
2,319,933
American
Assets
Trust,
Inc.
..............
60,750
1,199,812
Armada
Hoffler
Properties,
Inc.
...........
124,764
857,129
Broadstone
Net
Lease,
Inc.
..............
225,150
3,613,657
CTO
Realty
Growth,
Inc.
................
33,525
578,641
Essential
Properties
Realty
Trust,
Inc.
.......
221,161
7,057,248
Gladstone
Commercial
Corp.
.............
60,836
871,780
Global
Net
Lease,
Inc.
.................
227,093
1,714,552
One
Liberty
Properties,
Inc.
..............
37,520
895,227
WP
Carey,
Inc.
......................
259,549
16,190,667
35,298,646
Diversified
Telecommunication
Services
—
0.7%
Anterix,
Inc.
(a)
(b)
......................
23,632
606,161
AST
SpaceMobile,
Inc.
,
Class
A
(a)
(b)
.........
225,704
10,547,148
AT&T,
Inc.
..........................
8,430,862
243,989,146
ATN
International,
Inc.
.................
21,118
343,168
Security
Shares
Shares
Value
Diversified
Telecommunication
Services
(continued)
Bandwidth,
Inc.
,
Class
A
(a)
...............
28,975
$
460,703
Cogent
Communications
Holdings,
Inc.
......
49,957
2,408,427
Frontier
Communications
Parent,
Inc.
(a)
......
266,864
9,713,850
Globalstar,
Inc.
(a)
(b)
....................
58,005
1,366,018
IDT
Corp.
,
Class
B
....................
23,419
1,599,986
Iridium
Communications,
Inc.
.............
136,237
4,110,270
Liberty
Global
Ltd.
,
Class
A
(a)
.............
169,875
1,700,449
Liberty
Global
Ltd.
,
Class
C,
NVS
(a)
(b)
........
221,034
2,278,860
Liberty
Latin
America
Ltd.
,
Class
A
(a)
........
61,548
375,443
Liberty
Latin
America
Ltd.
,
Class
C,
NVS
(a)
....
136,347
848,078
Lumen
Technologies,
Inc.
(a)
(b)
.............
1,204,585
5,276,082
Shenandoah
Telecommunications
Co.
.......
65,346
892,626
Verizon
Communications,
Inc.
............
4,938,012
213,667,779
500,184,194
Electric
Utilities
—
1.4%
ALLETE,
Inc.
.......................
71,675
4,592,217
Alliant
Energy
Corp.
...................
309,265
18,701,255
American
Electric
Power
Co.,
Inc.
..........
625,314
64,882,581
Constellation
Energy
Corp.
..............
366,890
118,417,416
Duke
Energy
Corp.
...................
903,951
106,666,218
Edison
International
...................
453,502
23,400,703
Entergy
Corp.
.......................
522,947
43,467,355
Evergy,
Inc.
.........................
259,208
17,867,207
Eversource
Energy
...................
430,580
27,393,500
Exelon
Corp.
........................
1,175,539
51,041,903
FirstEnergy
Corp.
....................
608,581
24,501,471
Genie
Energy
Ltd.
,
Class
B
..............
22,524
605,445
Hawaiian
Electric
Industries,
Inc.
(a)
.........
215,686
2,292,742
IDACORP,
Inc.
......................
64,033
7,392,610
MGE
Energy,
Inc.
.....................
42,491
3,757,904
NextEra
Energy,
Inc.
..................
2,413,091
167,516,777
NRG
Energy,
Inc.
.....................
229,581
36,866,117
OGE
Energy
Corp.
....................
251,596
11,165,831
Oklo,
Inc.
(a)
(b)
........................
106,560
5,966,294
Otter
Tail
Corp.
......................
49,092
3,784,502
PG&E
Corp.
........................
2,572,018
35,853,931
Pinnacle
West
Capital
Corp.
.............
137,693
12,319,393
Portland
General
Electric
Co.
.............
111,557
4,532,561
PPL
Corp.
.........................
895,943
30,363,508
Southern
Co.
(The)
...................
1,291,513
118,599,639
TXNM
Energy,
Inc.
....................
107,500
6,054,400
Xcel
Energy,
Inc.
.....................
669,940
45,622,914
993,626,394
Electrical
Equipment
—
1.0%
Acuity,
Inc.
.........................
35,886
10,706,229
Allient,
Inc.
.........................
22,173
805,102
American
Superconductor
Corp.
(a)
(b)
........
50,074
1,837,215
AMETEK,
Inc.
.......................
268,639
48,612,913
Array
Technologies,
Inc.
(a)
(b)
..............
165,461
976,220
Atkore,
Inc.
.........................
43,946
3,100,390
Bloom
Energy
Corp.
,
Class
A
(a)
(b)
..........
242,085
5,790,673
ChargePoint
Holdings,
Inc.
,
Class
A
(a)
(b)
......
624,757
439,392
Eaton
Corp.
plc
......................
458,374
163,634,934
Emerson
Electric
Co.
..................
661,291
88,169,929
EnerSys
...........................
45,787
3,927,151
Enovix
Corp.
(a)
(b)
......................
213,650
2,209,141
Eos
Energy
Enterprises,
Inc.
,
Class
A
(a)
(b)
.....
292,289
1,496,520
Fluence
Energy,
Inc.
,
Class
A
(a)
(b)
..........
68,228
457,810
GE
Vernova,
Inc.
.....................
320,466
169,574,584
Generac
Holdings,
Inc.
(a)
(b)
...............
71,435
10,230,206
GrafTech
International
Ltd.
(a)
(b)
............
249,801
242,957
Hubbell,
Inc.
........................
62,076
25,352,459
KULR
Technology
Group,
Inc.
(a)
(b)
..........
73,390
523,273
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Core
S&P
Total
U.S.
Stock
Market
ETF
8
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Electrical
Equipment
(continued)
LSI
Industries,
Inc.
....................
34,956
$
594,602
NEXTracker,
Inc.
,
Class
A
(a)
(b)
.............
167,334
9,097,950
NuScale
Power
Corp.
,
Class
A
(a)
(b)
..........
142,495
5,637,102
nVent
Electric
plc
.....................
196,536
14,396,262
Plug
Power,
Inc.
(a)
(b)
...................
1,325,421
1,974,877
Powell
Industries,
Inc.
(b)
................
10,720
2,256,024
Preformed
Line
Products
Co.
.............
3,377
539,678
Regal
Rexnord
Corp.
..................
76,437
11,080,308
Rockwell
Automation,
Inc.
...............
132,478
44,005,217
Sensata
Technologies
Holding
plc
..........
177,355
5,340,159
Shoals
Technologies
Group,
Inc.
,
Class
A
(a)
(b)
..
200,115
850,489
Sunrun,
Inc.
(a)
(b)
......................
268,857
2,199,250
Thermon
Group
Holdings,
Inc.
(a)
...........
39,704
1,114,888
Vertiv
Holdings
Co.
,
Class
A
.............
445,820
57,247,746
Vicor
Corp.
(a)
........................
28,651
1,299,609
695,721,259
Electronic
Equipment,
Instruments
&
Components
—
0.9%
Advanced
Energy
Industries,
Inc.
(b)
.........
43,945
5,822,712
Aeva
Technologies,
Inc.
(a)
(b)
..............
38,630
1,459,828
Amphenol
Corp.
,
Class
A
...............
1,419,031
140,129,311
Arlo
Technologies,
Inc.
(a)
................
131,075
2,223,032
Arrow
Electronics,
Inc.
(a)
(b)
...............
58,781
7,490,463
Avnet,
Inc.
.........................
87,855
4,663,343
Badger
Meter,
Inc.
....................
33,662
8,245,507
Bel
Fuse,
Inc.
,
Class
B,
NVS
(b)
............
16,665
1,628,004
Belden,
Inc.
........................
48,881
5,660,420
Benchmark
Electronics,
Inc.
.............
47,269
1,835,455
CDW
Corp.
.........................
156,547
27,957,729
Cognex
Corp.
.......................
206,824
6,560,457
Coherent
Corp.
(a)
.....................
184,503
16,459,513
Corning,
Inc.
........................
902,879
47,482,407
Crane
NXT
Co.
......................
60,574
3,264,939
CTS
Corp.
.........................
43,953
1,872,837
Daktronics,
Inc.
(a)
(b)
....................
63,624
961,995
ePlus,
Inc.
(a)
........................
31,144
2,245,482
Evolv
Technologies
Holdings,
Inc.
(a)
(b)
.......
113,508
708,290
Fabrinet
(a)
(b)
.........................
42,686
12,578,710
FARO
Technologies,
Inc.
(a)
...............
23,795
1,045,076
Flex
Ltd.
(a)
..........................
447,257
22,327,069
Insight
Enterprises,
Inc.
(a)
(b)
..............
32,188
4,444,680
IPG
Photonics
Corp.
(a)
.................
37,627
2,583,094
Itron,
Inc.
(a)
.........................
52,182
6,868,717
Jabil,
Inc.
..........................
125,338
27,336,218
Keysight
Technologies,
Inc.
(a)
(b)
............
203,339
33,319,129
Kimball
Electronics,
Inc.
(a)
...............
33,223
638,878
Knowles
Corp.
(a)
.....................
118,973
2,096,304
Littelfuse,
Inc.
.......................
29,597
6,710,528
Methode
Electronics,
Inc.
...............
41,822
397,727
MicroVision,
Inc.
(a)
(b)
...................
314,765
358,832
Mirion
Technologies,
Inc.
,
Class
A
(a)
(b)
.......
246,312
5,303,097
Napco
Security
Technologies,
Inc.
.........
43,819
1,300,986
nLight,
Inc.
(a)
(b)
.......................
73,776
1,451,912
Novanta,
Inc.
(a)
......................
42,359
5,461,346
OSI
Systems,
Inc.
(a)
(b)
..................
18,877
4,244,682
Ouster,
Inc.
,
Class
A
(a)
(b)
................
63,809
1,547,368
PAR
Technology
Corp.
(a)
(b)
...............
52,310
3,628,745
PC
Connection,
Inc.
...................
18,941
1,245,939
Plexus
Corp.
(a)
.......................
31,007
4,195,557
Powerfleet,
Inc.
(a)
(b)
....................
129,074
556,309
Ralliant
Corp.
(a)
......................
133,593
6,477,924
Red
Cat
Holdings,
Inc.
(a)
(b)
...............
81,548
593,669
Rogers
Corp.
(a)
......................
20,472
1,401,923
Sanmina
Corp.
(a)
.....................
65,190
6,377,538
ScanSource,
Inc.
(a)
....................
26,573
1,111,017
Security
Shares
Shares
Value
Electronic
Equipment,
Instruments
&
Components
(continued)
SmartRent,
Inc.
,
Class
A
(a)
(b)
..............
284,612
$
281,766
TD
SYNNEX
Corp.
....................
89,207
12,105,390
TE
Connectivity
plc
...................
344,504
58,107,490
Teledyne
Technologies,
Inc.
(a)
.............
54,292
27,814,335
Trimble,
Inc.
(a)
.......................
280,340
21,300,233
TTM
Technologies,
Inc.
(a)
................
117,479
4,795,493
Vishay
Intertechnology,
Inc.
..............
134,925
2,142,609
Vishay
Precision
Group,
Inc.
(a)
(b)
...........
18,075
507,907
Vontier
Corp.
........................
175,125
6,462,112
Vuzix
Corp.
(a)
(b)
......................
188,793
551,276
Zebra
Technologies
Corp.
,
Class
A
(a)
........
60,669
18,707,893
605,051,202
Energy
Equipment
&
Services
—
0.3%
Archrock,
Inc.
.......................
208,019
5,165,112
Aris
Water
Solutions,
Inc.
,
Class
A
.........
31,406
742,752
Atlas
Energy
Solutions,
Inc.
..............
83,956
1,122,492
Baker
Hughes
Co.
,
Class
A
..............
1,158,373
44,412,021
Bristow
Group,
Inc.
(a)
..................
30,795
1,015,311
Cactus,
Inc.
,
Class
A
..................
85,795
3,750,957
ChampionX
Corp.
....................
230,825
5,733,693
Core
Laboratories,
Inc.
(b)
................
65,596
755,666
Expro
Group
Holdings
NV
(a)
(b)
.............
138,571
1,190,325
Halliburton
Co.
......................
1,015,784
20,701,678
Helix
Energy
Solutions
Group,
Inc.
(a)
(b)
.......
187,939
1,172,739
Helmerich
&
Payne,
Inc.
................
121,067
1,835,376
Innovex
International,
Inc.
(a)
(b)
.............
40,037
625,378
Kodiak
Gas
Services,
Inc.
...............
47,611
1,631,629
Liberty
Energy,
Inc.
,
Class
A
.............
192,211
2,206,582
Nabors
Industries
Ltd.
(a)
(b)
...............
12,662
354,789
Noble
Corp.
plc
......................
152,837
4,057,822
NOV,
Inc.
..........................
472,288
5,870,540
Oceaneering
International,
Inc.
(a)
..........
124,060
2,570,523
Oil
States
International,
Inc.
(a)
.............
81,302
435,779
Patterson-UTI
Energy,
Inc.
..............
435,001
2,579,556
ProPetro
Holding
Corp.
(a)
................
95,248
568,631
RPC,
Inc.
..........................
95,967
453,924
Schlumberger
NV
....................
1,591,862
53,804,936
SEACOR
Marine
Holdings,
Inc.
(a)
..........
52,534
267,923
Seadrill
Ltd.
(a)
(b)
......................
76,503
2,008,204
Select
Water
Solutions,
Inc.
,
Class
A
........
115,159
994,974
Solaris
Energy
Infrastructure,
Inc.
,
Class
A
....
38,111
1,078,160
TechnipFMC
plc
......................
503,980
17,357,071
TETRA
Technologies,
Inc.
(a)
(b)
.............
154,681
519,728
Tidewater,
Inc.
(a)
.....................
55,326
2,552,188
Transocean
Ltd.
(a)
(b)
...................
979,134
2,535,957
Valaris
Ltd.
(a)
(b)
.......................
76,441
3,218,931
Weatherford
International
plc
.............
83,433
4,197,514
197,488,861
Entertainment
—
1.8%
AMC
Entertainment
Holdings,
Inc.
,
Class
A
(a)
(b)
.
530,449
1,644,392
Atlanta
Braves
Holdings,
Inc.
,
Class
A
(a)
(b)
.....
14,462
711,675
Atlanta
Braves
Holdings,
Inc.
,
Class
C,
NVS
(a)
(b)
49,242
2,303,048
Cinemark
Holdings,
Inc.
................
126,955
3,831,502
Electronic
Arts,
Inc.
...................
266,470
42,555,259
Eventbrite,
Inc.
,
Class
A
(a)
...............
116,377
306,071
Liberty
Media
Corp.-Liberty
Formula
One
,
Class
A
(a)
............................
28,157
2,673,789
Liberty
Media
Corp.-Liberty
Formula
One
,
Class
C,
NVS
(a)
........................
258,109
26,972,390
Liberty
Media
Corp.-Liberty
Live
,
Class
A
(a)
....
31,835
2,530,246
Liberty
Media
Corp.-Liberty
Live
,
Class
C,
NVS
(a)
55,758
4,525,319
Lionsgate
Studios
Corp.
(a)
...............
239,079
1,389,049
Live
Nation
Entertainment,
Inc.
(a)
(b)
.........
185,899
28,122,801
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Core
S&P
Total
U.S.
Stock
Market
ETF
9
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Entertainment
(continued)
Madison
Square
Garden
Entertainment
Corp.
(a)
(b)
54,109
$
2,162,737
Madison
Square
Garden
Sports
Corp.
(a)
......
19,319
4,036,705
Marcus
Corp.
(The)
...................
33,017
556,667
Netflix,
Inc.
(a)
........................
499,181
668,468,252
ROBLOX
Corp.
,
Class
A
(a)
...............
652,830
68,677,716
Roku,
Inc.
,
Class
A
(a)
..................
152,447
13,398,567
Sphere
Entertainment
Co.
,
Class
A
(a)
........
29,967
1,252,621
Starz
Entertainment
Corp.
...............
15,916
255,770
Take-Two
Interactive
Software,
Inc.
(a)
........
199,379
48,419,190
TKO
Group
Holdings,
Inc.
,
Class
A
.........
78,723
14,323,650
Vivid
Seats,
Inc.
,
Class
A
(a)
(b)
.............
102,356
172,982
Walt
Disney
Co.
(The)
.................
2,108,358
261,457,476
Warner
Bros
Discovery,
Inc.
(a)
(b)
...........
2,646,903
30,333,508
Warner
Music
Group
Corp.
,
Class
A
........
170,317
4,639,435
1,235,720,817
Financial
Services
—
4.1%
Affirm
Holdings,
Inc.
,
Class
A
(a)
............
302,898
20,942,368
Alerus
Financial
Corp.
.................
30,529
660,648
Apollo
Global
Management,
Inc.
...........
531,739
75,437,812
AvidXchange
Holdings,
Inc.
(a)
.............
230,642
2,257,985
Berkshire
Hathaway,
Inc.
,
Class
B
(a)
........
2,149,047
1,043,942,561
Block,
Inc.
,
Class
A
(a)
..................
654,378
44,451,898
Cannae
Holdings,
Inc.
.................
93,877
1,957,335
Cantaloupe,
Inc.
(a)
....................
97,142
1,067,591
Cass
Information
Systems,
Inc.
...........
20,482
889,943
Corpay,
Inc.
(a)
.......................
82,695
27,439,855
Enact
Holdings,
Inc.
...................
50,190
1,864,559
Equitable
Holdings,
Inc.
................
334,792
18,781,831
Essent
Group
Ltd.
....................
112,889
6,855,749
Euronet
Worldwide,
Inc.
(a)
...............
49,188
4,986,679
EVERTEC,
Inc.
......................
81,368
2,933,316
Federal
Agricultural
Mortgage
Corp.
,
Class
C,
NVS
...........................
10,301
2,001,278
Fidelity
National
Information
Services,
Inc.
....
619,650
50,445,707
Fiserv,
Inc.
(a)
........................
649,957
112,059,086
Flywire
Corp.
(a)
......................
126,981
1,485,678
Global
Payments,
Inc.
.................
286,273
22,913,291
Hannon
Armstrong
Sustainable
Infrastructure
Capital,
Inc.
......................
147,505
3,961,984
International
Money
Express,
Inc.
(a)
.........
44,479
448,793
Jack
Henry
&
Associates,
Inc.
............
85,218
15,353,727
Jackson
Financial,
Inc.
,
Class
A
...........
56,429
5,010,331
Marqeta,
Inc.
,
Class
A
(a)
(b)
...............
534,071
3,113,634
Mastercard,
Inc.
,
Class
A
................
949,053
533,310,843
Merchants
Bancorp
...................
34,690
1,147,198
MGIC
Investment
Corp.
................
265,565
7,393,330
Mr
Cooper
Group,
Inc.
(a)
(b)
...............
77,135
11,509,313
NCR
Atleos
Corp.
(a)
...................
82,966
2,367,020
NewtekOne,
Inc.
.....................
37,167
419,244
NMI
Holdings,
Inc.
,
Class
A
(a)
.............
101,795
4,294,731
Paymentus
Holdings,
Inc.
,
Class
A
(a)
........
37,395
1,224,686
Payoneer
Global,
Inc.
(a)
.................
281,196
1,926,193
PayPal
Holdings,
Inc.
(a)
.................
1,141,518
84,837,618
PennyMac
Financial
Services,
Inc.
.........
37,363
3,722,849
Radian
Group,
Inc.
....................
166,416
5,994,304
Remitly
Global,
Inc.
(a)
(b)
.................
184,231
3,458,016
Repay
Holdings
Corp.
,
Class
A
(a)
(b)
.........
104,061
501,574
Rocket
Cos.,
Inc.
,
Class
A
(b)
..............
168,972
2,396,023
Sezzle,
Inc.
(a)
(b)
......................
18,278
3,276,332
Shift4
Payments,
Inc.
,
Class
A
(a)
(b)
..........
80,860
8,014,035
Toast,
Inc.
,
Class
A
(a)
..................
518,728
22,974,463
UWM
Holdings
Corp.
,
Class
A
............
210,931
873,254
Velocity
Financial,
Inc.
(a)
................
32,787
607,871
Visa,
Inc.
,
Class
A
....................
2,004,344
711,642,337
Security
Shares
Shares
Value
Financial
Services
(continued)
Voya
Financial,
Inc.
...................
111,879
$
7,943,409
Walker
&
Dunlop,
Inc.
..................
41,934
2,955,508
Waterstone
Financial,
Inc.
...............
49,974
690,141
Western
Union
Co.
(The)
...............
284,226
2,393,183
WEX,
Inc.
(a)
.........................
41,616
6,112,974
2,903,250,088
Food
Products
—
0.6%
Alico,
Inc.
..........................
23,219
758,797
Archer-Daniels-Midland
Co.
..............
560,449
29,580,498
B&G
Foods,
Inc.
.....................
132,276
559,528
Beyond
Meat,
Inc.
(a)
(b)
..................
172,507
602,049
Bunge
Global
SA
.....................
154,506
12,403,742
Calavo
Growers,
Inc.
..................
22,228
591,043
Cal-Maine
Foods,
Inc.
..................
50,489
5,030,219
Campbell's
Co.
(The)
..................
233,452
7,155,304
Conagra
Brands,
Inc.
..................
552,886
11,317,576
Darling
Ingredients,
Inc.
(a)
(b)
..............
187,505
7,113,940
Flowers
Foods,
Inc.
...................
237,619
3,797,152
Fresh
Del
Monte
Produce,
Inc.
............
47,986
1,555,706
Freshpet,
Inc.
(a)
......................
58,649
3,985,786
General
Mills,
Inc.
....................
639,398
33,127,210
Hain
Celestial
Group,
Inc.
(The)
(a)
..........
104,359
158,626
Hershey
Co.
(The)
....................
171,860
28,520,167
Hormel
Foods
Corp.
...................
342,517
10,361,139
Ingredion,
Inc.
.......................
74,594
10,116,438
J
&
J
Snack
Foods
Corp.
................
19,447
2,205,484
J
M
Smucker
Co.
(The)
.................
124,171
12,193,592
John
B
Sanfilippo
&
Son,
Inc.
.............
11,356
718,153
Kellanova
..........................
316,109
25,140,149
Kraft
Heinz
Co.
(The)
..................
993,995
25,664,951
Lamb
Weston
Holdings,
Inc.
.............
167,324
8,675,749
Lancaster
Colony
Corp.
................
23,148
3,999,280
McCormick
&
Co.,
Inc.
(Non-Voting)
,
NVS
....
294,830
22,354,011
Mission
Produce,
Inc.
(a)
(b)
................
59,600
698,512
Mondelez
International,
Inc.
,
Class
A
........
1,518,371
102,398,940
Pilgrim's
Pride
Corp.
...................
46,377
2,086,037
Post
Holdings,
Inc.
(a)
...................
52,582
5,733,015
Seaboard
Corp.
......................
260
743,912
Simply
Good
Foods
Co.
(The)
(a)
...........
111,673
3,527,750
SunOpta,
Inc.
(a)
(b)
.....................
117,668
682,474
Tootsie
Roll
Industries,
Inc.
..............
26,412
883,481
TreeHouse
Foods,
Inc.
(a)
................
58,864
1,143,139
Tyson
Foods,
Inc.
,
Class
A
..............
333,174
18,637,754
Utz
Brands,
Inc.
,
Class
A
................
85,390
1,071,645
Vital
Farms,
Inc.
(a)
(b)
...................
35,415
1,364,186
WK
Kellogg
Co.
......................
75,941
1,210,500
407,867,634
Gas
Utilities
—
0.1%
Atmos
Energy
Corp.
...................
184,063
28,365,949
Chesapeake
Utilities
Corp.
..............
26,690
3,208,672
MDU
Resources
Group,
Inc.
.............
238,781
3,980,479
National
Fuel
Gas
Co.
.................
107,120
9,074,135
New
Jersey
Resources
Corp.
.............
123,483
5,534,508
Northwest
Natural
Holding
Co.
............
58,004
2,303,919
ONE
Gas,
Inc.
.......................
70,869
5,092,646
Southwest
Gas
Holdings,
Inc.
............
71,766
5,338,673
Spire,
Inc.
..........................
67,026
4,892,228
UGI
Corp.
..........................
247,609
9,017,920
76,809,129
Ground
Transportation
—
0.9%
ArcBest
Corp.
.......................
28,273
2,177,304
Avis
Budget
Group,
Inc.
(a)
...............
22,183
3,750,036
Covenant
Logistics
Group,
Inc.
,
Class
A
......
22,704
547,393
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Core
S&P
Total
U.S.
Stock
Market
ETF
10
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Ground
Transportation
(continued)
CSX
Corp.
.........................
2,194,890
$
71,619,261
FTAI
Infrastructure,
Inc.
.................
176,439
1,088,629
Heartland
Express,
Inc.
.................
54,383
469,869
Hertz
Global
Holdings,
Inc.
(a)
(b)
............
164,247
1,121,807
JB
Hunt
Transport
Services,
Inc.
..........
93,032
13,359,395
Knight-Swift
Transportation
Holdings,
Inc.
....
189,811
8,395,341
Landstar
System,
Inc.
..................
41,050
5,706,771
Lyft,
Inc.
,
Class
A
(a)
....................
433,755
6,835,979
Marten
Transport
Ltd.
..................
75,327
978,498
Norfolk
Southern
Corp.
.................
265,497
67,959,267
Old
Dominion
Freight
Line,
Inc.
...........
217,295
35,266,978
RXO,
Inc.
(a)
(b)
........................
180,427
2,836,312
Ryder
System,
Inc.
....................
47,909
7,617,531
Saia,
Inc.
(a)
.........................
31,148
8,534,240
Schneider
National,
Inc.
,
Class
B
..........
52,338
1,263,963
Uber
Technologies,
Inc.
(a)
...............
2,450,291
228,612,150
U-Haul
Holding
Co.
(a)
(b)
.................
11,023
667,553
U-Haul
Holding
Co.
,
NVS
...............
118,020
6,416,747
Union
Pacific
Corp.
...................
698,924
160,808,434
Werner
Enterprises,
Inc.
................
79,288
2,169,320
XPO,
Inc.
(a)
(b)
........................
137,699
17,390,007
655,592,785
Health
Care
Equipment
&
Supplies
—
2.2%
Abbott
Laboratories
...................
2,037,339
277,098,477
Align
Technology,
Inc.
(a)
.................
81,283
15,389,310
Alphatec
Holdings,
Inc.
(a)
................
114,920
1,275,612
AngioDynamics,
Inc.
(a)
.................
75,959
753,513
Artivion,
Inc.
(a)
.......................
62,080
1,930,688
AtriCure,
Inc.
(a)
(b)
.....................
59,672
1,955,451
Avanos
Medical,
Inc.
(a)
.................
59,188
724,461
AxoGen,
Inc.
(a)
.......................
48,112
522,015
Baxter
International,
Inc.
................
601,549
18,214,904
Becton
Dickinson
&
Co.
................
337,716
58,171,581
Boston
Scientific
Corp.
(a)
................
1,742,142
187,123,472
Butterfly
Network,
Inc.
,
Class
A
(a)
(b)
.........
210,823
421,646
Cerus
Corp.
(a)
.......................
315,166
444,384
CONMED
Corp.
......................
38,845
2,023,048
Cooper
Cos.,
Inc.
(The)
(a)
...............
235,705
16,772,768
Delcath
Systems,
Inc.
(a)
(b)
...............
39,222
533,419
Dentsply
Sirona,
Inc.
..................
256,894
4,079,477
Dexcom,
Inc.
(a)
......................
461,127
40,251,776
Edwards
Lifesciences
Corp.
(a)
............
688,282
53,830,535
Embecta
Corp.
......................
64,744
627,369
Enovis
Corp.
(a)
(b)
......................
72,547
2,275,074
Envista
Holdings
Corp.
(a)
................
209,835
4,100,176
GE
HealthCare
Technologies,
Inc.
.........
536,053
39,705,446
Glaukos
Corp.
(a)
......................
70,072
7,237,737
Globus
Medical,
Inc.
,
Class
A
(a)
...........
133,788
7,896,168
Haemonetics
Corp.
(a)
(b)
.................
61,331
4,575,906
Hologic,
Inc.
(a)
.......................
263,266
17,154,413
ICU
Medical,
Inc.
(a)
....................
28,675
3,789,401
IDEXX
Laboratories,
Inc.
(a)
...............
94,519
50,694,321
Inspire
Medical
Systems,
Inc.
(a)
(b)
..........
35,198
4,567,645
Insulet
Corp.
(a)
.......................
82,780
26,007,820
Integer
Holdings
Corp.
(a)
................
42,582
5,236,309
Integra
LifeSciences
Holdings
Corp.
(a)
.......
82,500
1,012,275
Intuitive
Surgical,
Inc.
(a)
.................
420,459
228,481,625
iRhythm
Technologies,
Inc.
(a)
(b)
............
38,598
5,942,548
Lantheus
Holdings,
Inc.
(a)
(b)
..............
80,864
6,619,527
LeMaitre
Vascular,
Inc.
.................
24,574
2,040,871
LivaNova
plc
(a)
.......................
63,508
2,859,130
Masimo
Corp.
(a)
......................
52,819
8,885,212
Medtronic
plc
.......................
1,504,224
131,123,206
Merit
Medical
Systems,
Inc.
(a)
.............
69,698
6,515,369
Security
Shares
Shares
Value
Health
Care
Equipment
&
Supplies
(continued)
Neogen
Corp.
(a)
......................
236,141
$
1,128,754
Novocure
Ltd.
(a)
......................
122,179
2,174,786
Omnicell,
Inc.
(a)
......................
53,182
1,563,551
OraSure
Technologies,
Inc.
(a)
.............
111,592
334,776
Orthofix
Medical,
Inc.
(a)
(b)
................
47,723
532,112
OrthoPediatrics
Corp.
(a)
.................
18,434
395,962
Penumbra,
Inc.
(a)
.....................
45,558
11,691,550
PROCEPT
BioRobotics
Corp.
(a)
(b)
..........
68,328
3,935,693
Pulmonx
Corp.
(a)
(b)
....................
62,258
161,248
Pulse
Biosciences,
Inc.
(a)
(b)
...............
35,846
540,916
QuidelOrtho
Corp.
(a)
...................
80,700
2,325,774
ResMed,
Inc.
.......................
172,466
44,496,228
RxSight,
Inc.
(a)
.......................
42,516
552,708
Semler
Scientific,
Inc.
(a)
(b)
................
10,606
410,876
Senseonics
Holdings,
Inc.
(a)
(b)
.............
937,777
446,757
SI-BONE,
Inc.
(a)
(b)
.....................
51,700
972,994
Solventum
Corp.
(a)
....................
163,536
12,402,570
STAAR
Surgical
Co.
(a)
(b)
.................
58,625
983,728
STERIS
plc
.........................
115,820
27,822,280
Stryker
Corp.
.......................
403,262
159,542,545
Surmodics,
Inc.
(a)
.....................
16,694
495,979
Tandem
Diabetes
Care,
Inc.
(a)
............
78,951
1,471,647
Teleflex,
Inc.
........................
55,334
6,549,332
TransMedics
Group,
Inc.
(a)
...............
41,017
5,496,688
Treace
Medical
Concepts,
Inc.
(a)
...........
66,109
388,721
UFP
Technologies,
Inc.
(a)
(b)
...............
8,670
2,116,867
Varex
Imaging
Corp.
(a)
.................
47,964
415,848
Zimmer
Biomet
Holdings,
Inc.
............
231,033
21,072,520
Zimvie,
Inc.
(a)
........................
39,581
370,082
1,559,657,577
Health
Care
Providers
&
Services
—
1.8%
Acadia
Healthcare
Co.,
Inc.
(a)
.............
110,301
2,502,730
AdaptHealth
Corp.
(a)
(b)
..................
126,657
1,194,376
Addus
HomeCare
Corp.
(a)
(b)
..............
21,971
2,530,839
agilon
health,
Inc.
(a)
...................
357,446
822,126
Alignment
Healthcare,
Inc.
(a)
.............
133,825
1,873,550
Amedisys,
Inc.
(a)
.....................
39,688
3,904,902
AMN
Healthcare
Services,
Inc.
(a)
...........
42,675
882,092
Astrana
Health,
Inc.
(a)
..................
50,474
1,255,793
BrightSpring
Health
Services,
Inc.
(a)
(b)
.......
69,294
1,634,645
Brookdale
Senior
Living,
Inc.
(a)
............
300,727
2,093,060
Cardinal
Health,
Inc.
...................
279,093
46,887,624
Castle
Biosciences,
Inc.
(a)
...............
31,538
644,006
Cencora,
Inc.
.......................
200,459
60,107,631
Centene
Corp.
(a)
.....................
579,076
31,432,245
Chemed
Corp.
.......................
16,647
8,105,924
Cigna
Group
(The)
....................
313,528
103,646,086
Clover
Health
Investments
Corp.
,
Class
A
(a)
(b)
..
555,288
1,549,254
Community
Health
Systems,
Inc.
(a)
(b)
........
184,808
628,347
Concentra
Group
Holdings
Parent,
Inc.
......
135,353
2,784,211
CorVel
Corp.
(a)
.......................
31,659
3,253,912
Cross
Country
Healthcare,
Inc.
(a)
(b)
.........
40,796
532,388
CVS
Health
Corp.
....................
1,484,135
102,375,632
DaVita,
Inc.
(a)
........................
49,172
7,004,551
Elevance
Health,
Inc.
..................
265,083
103,106,684
Encompass
Health
Corp.
...............
118,088
14,481,131
Enhabit,
Inc.
(a)
.......................
78,966
761,232
Ensign
Group,
Inc.
(The)
................
65,519
10,106,961
Fulgent
Genetics,
Inc.
(a)
................
33,966
675,244
GeneDx
Holdings
Corp.
,
Class
A
(a)
(b)
........
26,947
2,487,478
Guardant
Health,
Inc.
(a)
.................
143,245
7,454,470
HCA
Healthcare,
Inc.
..................
203,189
77,841,706
HealthEquity,
Inc.
(a)
....................
103,436
10,835,955
Henry
Schein,
Inc.
(a)
...................
145,298
10,614,019
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Core
S&P
Total
U.S.
Stock
Market
ETF
11
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Health
Care
Providers
&
Services
(continued)
Hims
&
Hers
Health,
Inc.
,
Class
A
(a)
(b)
.......
226,950
$
11,313,458
Humana,
Inc.
.......................
141,674
34,636,460
Labcorp
Holdings,
Inc.
.................
97,559
25,610,213
LifeStance
Health
Group,
Inc.
(a)
(b)
..........
174,649
902,935
McKesson
Corp.
.....................
146,405
107,282,656
Molina
Healthcare,
Inc.
(a)
................
63,519
18,922,310
National
HealthCare
Corp.
...............
18,036
1,930,032
National
Research
Corp.
................
22,126
371,717
NeoGenomics,
Inc.
(a)
..................
155,509
1,136,771
Nutex
Health,
Inc.
(a)
(b)
..................
4,063
505,803
OPKO
Health,
Inc.
(a)
(b)
..................
677,194
893,896
Option
Care
Health,
Inc.
(a)
...............
198,138
6,435,522
Owens
&
Minor,
Inc.
(a)
..................
95,419
868,313
PACS
Group,
Inc.
(a)
(b)
..................
49,481
639,295
Pediatrix
Medical
Group,
Inc.
(a)
............
104,541
1,500,163
Pennant
Group,
Inc.
(The)
(a)
..............
42,845
1,278,923
Premier,
Inc.
,
Class
A
..................
101,272
2,220,895
Privia
Health
Group,
Inc.
(a)
...............
128,455
2,954,465
Progyny,
Inc.
(a)
.......................
88,134
1,938,948
Quest
Diagnostics,
Inc.
.................
129,449
23,252,924
RadNet,
Inc.
(a)
.......................
76,925
4,377,802
Select
Medical
Holdings
Corp.
............
127,375
1,933,553
Surgery
Partners,
Inc.
(a)
(b)
...............
98,256
2,184,231
Talkspace,
Inc.
(a)
.....................
196,640
546,659
Tenet
Healthcare
Corp.
(a)
................
108,651
19,122,576
UnitedHealth
Group,
Inc.
................
1,063,678
331,835,626
Universal
Health
Services,
Inc.
,
Class
B
.....
65,402
11,847,572
US
Physical
Therapy,
Inc.
...............
18,835
1,472,897
1,243,927,419
Health
Care
REITs
—
0.3%
Alexandria
Real
Estate
Equities,
Inc.
........
181,568
13,187,284
American
Healthcare
REIT,
Inc.
...........
182,360
6,699,906
CareTrust
REIT,
Inc.
...................
221,190
6,768,414
Community
Healthcare
Trust,
Inc.
..........
45,814
761,887
Diversified
Healthcare
Trust
..............
302,185
1,081,822
Global
Medical
REIT,
Inc.
...............
62,128
430,547
Healthcare
Realty
Trust,
Inc.
,
Class
A
.......
458,139
7,266,085
Healthpeak
Properties,
Inc.
..............
818,746
14,336,243
LTC
Properties,
Inc.
...................
59,453
2,057,668
Medical
Properties
Trust,
Inc.
(b)
............
707,491
3,049,286
National
Health
Investors,
Inc.
............
57,553
4,035,616
Omega
Healthcare
Investors,
Inc.
..........
341,270
12,507,546
Sabra
Health
Care
REIT,
Inc.
.............
290,082
5,349,112
Sila
Realty
Trust,
Inc.
..................
63,897
1,512,442
Universal
Health
Realty
Income
Trust
.......
13,600
543,592
Ventas,
Inc.
........................
526,417
33,243,234
Welltower,
Inc.
.......................
727,051
111,769,550
224,600,234
Health
Care
Technology
—
0.1%
Certara,
Inc.
(a)
(b)
......................
132,365
1,548,671
Doximity,
Inc.
,
Class
A
(a)
................
156,746
9,614,800
Evolent
Health,
Inc.
,
Class
A
(a)
(b)
...........
128,775
1,450,007
GoodRx
Holdings,
Inc.
,
Class
A
(a)
(b)
.........
114,178
568,607
Health
Catalyst,
Inc.
(a)
..................
76,207
287,300
HealthStream,
Inc.
....................
30,478
843,326
LifeMD,
Inc.
(a)
(b)
......................
54,245
738,817
Phreesia,
Inc.
(a)
(b)
.....................
74,998
2,134,443
Schrodinger,
Inc.
(a)
(b)
...................
64,026
1,288,203
Simulations
Plus,
Inc.
..................
22,145
386,430
Teladoc
Health,
Inc.
(a)
(b)
.................
210,248
1,831,260
Veeva
Systems,
Inc.
,
Class
A
(a)
...........
176,328
50,778,937
Waystar
Holding
Corp.
(a)
................
90,754
3,709,116
75,179,917
Security
Shares
Shares
Value
Hotel
&
Resort
REITs
—
0.1%
Apple
Hospitality
REIT,
Inc.
..............
288,288
$
3,364,321
Chatham
Lodging
Trust
.................
106,977
745,630
DiamondRock
Hospitality
Co.
.............
246,046
1,884,712
Host
Hotels
&
Resorts,
Inc.
..............
811,555
12,465,485
Park
Hotels
&
Resorts,
Inc.
..............
262,665
2,687,063
Pebblebrook
Hotel
Trust
................
148,874
1,487,251
RLJ
Lodging
Trust
....................
197,467
1,437,560
Ryman
Hospitality
Properties,
Inc.
.........
69,686
6,875,917
Service
Properties
Trust
................
200,600
479,434
Summit
Hotel
Properties,
Inc.
.............
148,314
754,918
Sunstone
Hotel
Investors,
Inc.
............
257,806
2,237,756
Xenia
Hotels
&
Resorts,
Inc.
.............
116,103
1,459,415
35,879,462
Hotels,
Restaurants
&
Leisure
—
2.2%
Accel
Entertainment,
Inc.
,
Class
A
(a)
........
72,306
851,042
Airbnb,
Inc.
,
Class
A
(a)
..................
507,997
67,228,323
Aramark
...........................
311,571
13,045,478
BJ's
Restaurants,
Inc.
(a)
(b)
...............
30,466
1,358,784
Bloomin'
Brands,
Inc.
..................
102,460
882,181
Booking
Holdings,
Inc.
.................
38,156
220,894,241
Boyd
Gaming
Corp.
...................
69,779
5,458,811
Brinker
International,
Inc.
(a)
..............
51,510
9,288,798
Caesars
Entertainment,
Inc.
(a)
............
250,628
7,115,329
Carnival
Corp.
(a)
......................
1,240,831
34,892,168
Cava
Group,
Inc.
(a)
(b)
...................
94,974
7,999,660
Cheesecake
Factory,
Inc.
(The)
...........
62,846
3,937,930
Chipotle
Mexican
Grill,
Inc.
(a)
.............
1,585,146
89,005,948
Choice
Hotels
International,
Inc.
(b)
..........
23,842
3,025,073
Churchill
Downs,
Inc.
..................
84,483
8,532,783
Cracker
Barrel
Old
Country
Store,
Inc.
.......
28,606
1,747,254
Darden
Restaurants,
Inc.
...............
137,235
29,913,113
Dave
&
Buster's
Entertainment,
Inc.
(a)
(b)
......
34,669
1,042,844
Denny's
Corp.
(a)
(b)
.....................
74,208
304,253
Dine
Brands
Global,
Inc.
................
22,119
538,155
Domino's
Pizza,
Inc.
...................
39,617
17,851,420
DoorDash,
Inc.
,
Class
A
(a)
...............
403,282
99,413,046
DraftKings,
Inc.
,
Class
A
(a)
(b)
..............
591,195
25,356,354
Dutch
Bros,
Inc.
,
Class
A
(a)
..............
150,123
10,263,910
Everi
Holdings,
Inc.
(a)
..................
104,921
1,494,075
Expedia
Group,
Inc.
...................
144,158
24,316,571
First
Watch
Restaurant
Group,
Inc.
(a)
(b)
.......
42,212
677,080
Flutter
Entertainment
plc
(a)
(b)
..............
207,610
59,326,634
Global
Business
Travel
Group
I
(a)
(b)
.........
117,357
739,349
Golden
Entertainment,
Inc.
..............
24,996
735,632
Hilton
Grand
Vacations,
Inc.
(a)
............
72,818
3,024,132
Hilton
Worldwide
Holdings,
Inc.
...........
278,585
74,198,329
Hyatt
Hotels
Corp.
,
Class
A
(b)
.............
49,155
6,864,496
Jack
in
the
Box,
Inc.
...................
23,946
418,097
Krispy
Kreme,
Inc.
....................
115,642
336,518
Kura
Sushi
USA,
Inc.
,
Class
A
(a)
(b)
..........
9,010
775,581
Las
Vegas
Sands
Corp.
................
399,559
17,384,812
Life
Time
Group
Holdings,
Inc.
(a)
(b)
..........
135,947
4,123,273
Light
&
Wonder,
Inc.
,
Class
A
(a)
............
99,426
9,570,747
Lindblad
Expeditions
Holdings,
Inc.
(a)
........
60,502
706,058
Lucky
Strike
Entertainment
Corp.
,
Class
A
(b)
...
48,250
440,522
Marriott
International,
Inc.
,
Class
A
.........
267,262
73,018,651
Marriott
Vacations
Worldwide
Corp.
.........
41,222
2,980,763
McDonald's
Corp.
....................
835,985
244,249,737
MGM
Resorts
International
(a)
.............
246,801
8,487,486
Monarch
Casino
&
Resort,
Inc.
............
14,850
1,283,634
Norwegian
Cruise
Line
Holdings
Ltd.
(a)
.......
514,677
10,437,650
Papa
John's
International,
Inc.
............
40,941
2,003,653
Penn
Entertainment,
Inc.
(a)
(b)
.............
178,490
3,189,616
Planet
Fitness,
Inc.
,
Class
A
(a)
............
98,382
10,728,557
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Core
S&P
Total
U.S.
Stock
Market
ETF
12
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Hotels,
Restaurants
&
Leisure
(continued)
PlayAGS,
Inc.
(a)
......................
51,987
$
649,318
Portillo's,
Inc.
,
Class
A
(a)
(b)
...............
74,378
867,991
Pursuit
Attractions
&
Hospitality,
Inc.
(a)
.......
33,013
951,765
RCI
Hospitality
Holdings,
Inc.
(b)
............
10,554
402,318
Red
Rock
Resorts,
Inc.
,
Class
A
...........
56,147
2,921,328
Royal
Caribbean
Cruises
Ltd.
............
293,844
92,014,310
Rush
Street
Interactive,
Inc.
,
Class
A
(a)
(b)
.....
100,102
1,491,520
Sabre
Corp.
(a)
(b)
......................
464,653
1,468,303
Shake
Shack,
Inc.
,
Class
A
(a)
.............
47,758
6,714,775
Six
Flags
Entertainment
Corp.
(a)
(b)
..........
108,631
3,305,641
Soho
House
&
Co.,
Inc.
,
Class
A
(a)
(b)
........
74,898
550,500
Starbucks
Corp.
......................
1,332,153
122,065,179
Sweetgreen,
Inc.
,
Class
A
(a)
(b)
.............
124,791
1,856,890
Texas
Roadhouse,
Inc.
.................
77,009
14,432,257
Travel
+
Leisure
Co.
...................
75,319
3,887,214
United
Parks
&
Resorts,
Inc.
(a)
(b)
...........
32,140
1,515,401
Vail
Resorts,
Inc.
.....................
44,023
6,917,334
Wendy's
Co.
(The)
....................
209,223
2,389,327
Wingstop,
Inc.
.......................
33,162
11,166,972
Wyndham
Hotels
&
Resorts,
Inc.
..........
91,700
7,446,957
Wynn
Resorts
Ltd.
....................
102,857
9,634,615
Yum!
Brands,
Inc.
....................
324,230
48,044,401
1,562,152,867
Household
Durables
—
0.4%
Beazer
Homes
USA,
Inc.
(a)
..............
33,192
742,505
Cavco
Industries,
Inc.
(a)
.................
10,270
4,461,596
Century
Communities,
Inc.
..............
32,708
1,842,115
Champion
Homes,
Inc.
(a)
................
63,224
3,958,455
Cricut,
Inc.
,
Class
A
...................
66,511
450,280
DR
Horton,
Inc.
......................
322,657
41,596,940
Dream
Finders
Homes,
Inc.
,
Class
A
(a)
(b)
......
27,855
699,996
Ethan
Allen
Interiors,
Inc.
...............
33,088
921,501
Garmin
Ltd.
.........................
180,059
37,581,915
Green
Brick
Partners,
Inc.
(a)
..............
38,788
2,438,989
Helen
of
Troy
Ltd.
(a)
...................
26,929
764,245
Hovnanian
Enterprises,
Inc.
,
Class
A
(a)
.......
6,159
643,923
Installed
Building
Products,
Inc.
...........
28,392
5,119,645
KB
Home
..........................
89,697
4,751,250
La-Z-Boy,
Inc.
.......................
52,842
1,964,137
Leggett
&
Platt,
Inc.
...................
156,403
1,395,115
Lennar
Corp.
,
Class
A
..................
261,194
28,890,669
Lennar
Corp.
,
Class
B
.................
23,381
2,460,850
LGI
Homes,
Inc.
(a)
(b)
...................
23,691
1,220,560
Lovesac
Co.
(The)
(a)
(b)
..................
24,302
442,296
M/I
Homes,
Inc.
(a)
(b)
....................
33,296
3,733,148
Meritage
Homes
Corp.
.................
83,220
5,573,243
Mohawk
Industries,
Inc.
(a)
...............
61,316
6,428,369
Newell
Brands,
Inc.
...................
466,732
2,520,353
NVR,
Inc.
(a)
.........................
3,389
25,030,002
PulteGroup,
Inc.
.....................
230,037
24,259,702
Somnigroup
International,
Inc.
............
242,925
16,531,046
Sonos,
Inc.
(a)
........................
165,552
1,789,617
Taylor
Morrison
Home
Corp.
(a)
............
116,997
7,185,956
Toll
Brothers,
Inc.
.....................
115,533
13,185,781
TopBuild
Corp.
(a)
(b)
....................
34,223
11,079,354
TRI
Pointe
Homes,
Inc.
(a)
(b)
..............
121,909
3,894,993
Whirlpool
Corp.
......................
66,067
6,700,515
270,259,061
Household
Products
—
0.9%
Central
Garden
&
Pet
Co.
,
Class
A,
NVS
(a)
....
79,130
2,475,978
Church
&
Dwight
Co.,
Inc.
...............
289,444
27,818,463
Clorox
Co.
(The)
.....................
144,344
17,331,384
Colgate-Palmolive
Co.
.................
943,100
85,727,790
Security
Shares
Shares
Value
Household
Products
(continued)
Energizer
Holdings,
Inc.
................
75,317
$
1,518,391
Kimberly-Clark
Corp.
..................
387,763
49,990,406
Oil-Dri
Corp.
of
America
................
11,582
683,222
Procter
&
Gamble
Co.
(The)
.............
2,744,044
437,181,090
Reynolds
Consumer
Products,
Inc.
.........
74,848
1,603,244
Spectrum
Brands
Holdings,
Inc.
...........
35,570
1,885,210
WD-40
Co.
.........................
16,425
3,746,378
629,961,556
Independent
Power
and
Renewable
Electricity
Producers
—
0.2%
AES
Corp.
(The)
.....................
840,969
8,846,994
Clearway
Energy,
Inc.
,
Class
A
............
41,020
1,241,265
Clearway
Energy,
Inc.
,
Class
C
...........
100,291
3,209,312
Hallador
Energy
Co.
(a)
(b)
.................
38,122
603,471
Ormat
Technologies,
Inc.
................
69,977
5,861,274
Talen
Energy
Corp.
(a)
(b)
.................
54,217
15,764,677
Vistra
Corp.
........................
399,591
77,444,732
112,971,725
Industrial
Conglomerates
—
0.4%
3M
Co.
............................
630,668
96,012,896
Honeywell
International,
Inc.
.............
752,247
175,183,282
271,196,178
Industrial
REITs
—
0.2%
Americold
Realty
Trust,
Inc.
..............
308,426
5,129,125
EastGroup
Properties,
Inc.
..............
58,544
9,783,873
First
Industrial
Realty
Trust,
Inc.
...........
157,269
7,569,357
Industrial
Logistics
Properties
Trust
.........
124,096
564,637
Innovative
Industrial
Properties,
Inc.
........
32,625
1,801,553
Lineage,
Inc.
........................
67,040
2,917,581
LXP
Industrial
Trust
...................
340,509
2,812,604
Plymouth
Industrial
REIT,
Inc.
............
62,538
1,004,360
Prologis,
Inc.
........................
1,088,153
114,386,643
Rexford
Industrial
Realty,
Inc.
............
285,133
10,142,181
STAG
Industrial,
Inc.
..................
224,240
8,135,427
Terreno
Realty
Corp.
..................
118,155
6,624,951
170,872,292
Insurance
—
2.2%
Aflac,
Inc.
..........................
578,554
61,014,305
Allstate
Corp.
(The)
...................
310,557
62,518,230
Ambac
Financial
Group,
Inc.
(a)
............
82,370
584,827
American
Financial
Group,
Inc.
...........
84,911
10,716,617
American
International
Group,
Inc.
.........
676,850
57,931,592
AMERISAFE,
Inc.
....................
26,870
1,175,025
Aon
plc
,
Class
A
.....................
254,165
90,675,905
Arch
Capital
Group
Ltd.
................
438,635
39,937,717
Arthur
J
Gallagher
&
Co.
................
300,786
96,287,614
Assurant,
Inc.
.......................
62,291
12,301,850
Assured
Guaranty
Ltd.
.................
62,754
5,465,873
Axis
Capital
Holdings
Ltd.
...............
87,526
9,086,949
Baldwin
Insurance
Group,
Inc.
(The)
,
Class
A
(a)
(b)
84,465
3,615,947
Brighthouse
Financial,
Inc.
(a)
.............
79,648
4,282,673
Brown
&
Brown,
Inc.
...................
328,598
36,431,660
Chubb
Ltd.
.........................
435,859
126,277,070
Cincinnati
Financial
Corp.
...............
182,759
27,216,470
CNA
Financial
Corp.
...................
32,025
1,490,123
CNO
Financial
Group,
Inc.
...............
145,050
5,596,029
Donegal
Group,
Inc.
,
Class
A
.............
51,264
1,026,562
Employers
Holdings,
Inc.
................
19,355
913,169
Enstar
Group
Ltd.
(a)
...................
16,274
5,473,923
Erie
Indemnity
Co.
,
Class
A,
NVS
..........
29,359
10,181,408
Everest
Group
Ltd.
....................
50,083
17,020,708
F&G
Annuities
&
Life,
Inc.
...............
24,987
799,084
Fidelity
National
Financial,
Inc.
,
Class
A
......
301,205
16,885,552
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Core
S&P
Total
U.S.
Stock
Market
ETF
13
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Insurance
(continued)
First
American
Financial
Corp.
............
124,654
$
7,652,509
Genworth
Financial,
Inc.
,
Class
A
(a)
.........
397,137
3,089,726
Globe
Life,
Inc.
......................
100,033
12,433,102
Goosehead
Insurance,
Inc.
,
Class
A
........
30,129
3,178,911
Hanover
Insurance
Group,
Inc.
(The)
.......
43,593
7,405,143
Hartford
Insurance
Group,
Inc.
(The)
........
342,958
43,511,081
HCI
Group,
Inc.
......................
10,055
1,530,371
Hippo
Holdings,
Inc.
(a)
..................
20,132
562,287
Horace
Mann
Educators
Corp.
............
20,403
876,717
Kemper
Corp.
.......................
73,287
4,729,943
Kinsale
Capital
Group,
Inc.
(b)
.............
26,220
12,687,858
Lemonade,
Inc.
(a)
(b)
....................
65,909
2,887,473
Lincoln
National
Corp.
.................
164,472
5,690,731
Loews
Corp.
........................
204,124
18,710,006
Markel
Group,
Inc.
(a)
...................
14,907
29,774,646
Marsh
&
McLennan
Cos.,
Inc.
............
576,860
126,124,670
MBIA,
Inc.
(a)
........................
62,332
270,521
Mercury
General
Corp.
.................
34,845
2,346,462
MetLife,
Inc.
........................
674,046
54,206,779
Old
Republic
International
Corp.
...........
282,041
10,841,656
Oscar
Health,
Inc.
,
Class
A
(a)
(b)
............
250,637
5,373,657
Palomar
Holdings,
Inc.
(a)
................
32,019
4,938,931
Primerica,
Inc.
.......................
43,128
11,802,840
Principal
Financial
Group,
Inc.
............
248,826
19,764,249
ProAssurance
Corp.
(a)
..................
56,831
1,297,452
Progressive
Corp.
(The)
................
686,369
183,164,431
Prudential
Financial,
Inc.
................
427,589
45,940,162
Reinsurance
Group
of
America,
Inc.
........
77,215
15,316,367
RenaissanceRe
Holdings
Ltd.
............
56,516
13,727,736
RLI
Corp.
..........................
98,391
7,105,798
Root,
Inc.
,
Class
A
(a)
(b)
..................
10,824
1,385,147
Ryan
Specialty
Holdings,
Inc.
,
Class
A
.......
127,303
8,655,331
Safety
Insurance
Group,
Inc.
.............
21,420
1,700,534
Selective
Insurance
Group,
Inc.
...........
72,318
6,266,355
Selectquote,
Inc.
(a)
....................
198,875
473,323
SiriusPoint
Ltd.
(a)
.....................
86,505
1,763,837
Skyward
Specialty
Insurance
Group,
Inc.
(a)
....
44,472
2,570,037
Stewart
Information
Services
Corp.
.........
34,594
2,252,069
Tiptree,
Inc.
........................
40,859
963,455
Travelers
Cos.,
Inc.
(The)
...............
265,470
71,023,844
Trupanion,
Inc.
(a)
(b)
....................
40,787
2,257,560
United
Fire
Group,
Inc.
.................
24,087
691,297
Universal
Insurance
Holdings,
Inc.
.........
33,857
938,855
Unum
Group
........................
193,067
15,592,091
White
Mountains
Insurance
Group
Ltd.
(b)
.....
2,996
5,379,977
Willis
Towers
Watson
plc
................
118,976
36,466,144
WR
Berkley
Corp.
....................
351,160
25,799,725
1,546,028,678
Interactive
Media
&
Services
—
5.9%
Alphabet,
Inc.
,
Class
A
.................
6,809,006
1,199,951,127
Alphabet,
Inc.
,
Class
C,
NVS
.............
5,519,338
979,075,368
Angi,
Inc.
(a)
(b)
........................
44,231
674,965
Bumble,
Inc.
,
Class
A
(a)
(b)
................
138,958
915,733
Cargurus,
Inc.
,
Class
A
(a)
................
105,884
3,543,938
Cars.com,
Inc.
(a)
......................
83,037
983,988
EverQuote,
Inc.
,
Class
A
(a)
(b)
..............
32,486
785,512
fuboTV,
Inc.
(a)
(b)
......................
501,153
1,934,451
Grindr,
Inc.
(a)
........................
40,003
908,068
IAC,
Inc.
(a)
..........................
84,334
3,149,032
Match
Group,
Inc.
....................
291,898
9,016,729
Meta
Platforms,
Inc.
,
Class
A
.............
2,546,015
1,879,188,211
Nextdoor
Holdings,
Inc.
,
Class
A
(a)
(b)
........
300,740
499,228
Pinterest,
Inc.
,
Class
A
(a)
................
704,505
25,263,549
QuinStreet,
Inc.
(a)
.....................
73,127
1,177,345
Security
Shares
Shares
Value
Interactive
Media
&
Services
(continued)
Reddit,
Inc.
,
Class
A
(a)
(b)
.................
129,601
$
19,514,023
Rumble,
Inc.
,
Class
A
(a)
(b)
................
159,761
1,434,654
Shutterstock,
Inc.
.....................
28,179
534,274
Snap,
Inc.
,
Class
A,
NVS
(a)
(b)
.............
1,278,367
11,109,009
TripAdvisor,
Inc.
(a)
(b)
...................
134,162
1,750,814
Trump
Media
&
Technology
Group
Corp.
(a)
(b)
...
108,131
1,950,683
Vimeo,
Inc.
(a)
(b)
.......................
169,200
683,568
Yelp,
Inc.
(a)
.........................
84,356
2,890,880
Ziff
Davis,
Inc.
(a)
......................
55,646
1,684,404
ZipRecruiter,
Inc.
,
Class
A
(a)
(b)
.............
102,351
512,779
ZoomInfo
Technologies,
Inc.
(a)
............
315,883
3,196,736
4,152,329,068
IT
Services
—
1.4%
Accenture
plc
,
Class
A
.................
733,416
219,210,708
Akamai
Technologies,
Inc.
(a)
..............
171,800
13,702,768
Applied
Digital
Corp.
(a)
(b)
................
216,008
2,175,201
ASGN,
Inc.
(a)
........................
55,539
2,773,062
Backblaze,
Inc.
,
Class
A
(a)
...............
54,553
300,042
BigBear.ai
Holdings,
Inc.
(a)
(b)
..............
156,298
1,061,264
BigCommerce
Holdings,
Inc.
(a)
............
107,088
535,440
Cloudflare,
Inc.
,
Class
A
(a)
(b)
..............
365,559
71,587,419
Cognizant
Technology
Solutions
Corp.
,
Class
A
.
577,157
45,035,561
CoreWeave,
Inc.
,
Class
A
(a)
(b)
.............
48,599
7,924,553
Couchbase,
Inc.
(a)
....................
55,830
1,361,135
DigitalOcean
Holdings,
Inc.
(a)
.............
75,384
2,152,967
DXC
Technology
Co.
(a)
.................
216,425
3,309,138
EPAM
Systems,
Inc.
(a)
..................
66,693
11,792,656
Fastly,
Inc.
,
Class
A
(a)
(b)
.................
142,604
1,006,784
Gartner,
Inc.
(a)
.......................
89,935
36,353,526
GoDaddy,
Inc.
,
Class
A
(a)
................
166,260
29,936,776
Grid
Dynamics
Holdings,
Inc.
,
Class
A
(a)
......
73,408
847,862
Hackett
Group,
Inc.
(The)
...............
30,572
777,140
International
Business
Machines
Corp.
......
1,089,701
321,222,061
Kyndryl
Holdings,
Inc.
(a)
.................
275,066
11,541,769
MongoDB,
Inc.
,
Class
A
(a)
...............
95,903
20,138,671
Okta,
Inc.
,
Class
A
(a)
(b)
..................
196,622
19,656,301
Snowflake,
Inc.
,
Class
A
(a)
...............
392,346
87,795,264
Twilio,
Inc.
,
Class
A
(a)
(b)
.................
181,002
22,509,409
Unisys
Corp.
(a)
.......................
83,447
378,015
VeriSign,
Inc.
.......................
93,701
27,060,849
962,146,341
Leisure
Products
—
0.1%
Acushnet
Holdings
Corp.
(b)
..............
33,809
2,461,971
Brunswick
Corp.
.....................
80,236
4,432,237
Funko,
Inc.
,
Class
A
(a)
(b)
.................
63,547
302,484
Hasbro,
Inc.
........................
153,507
11,331,887
Malibu
Boats,
Inc.
,
Class
A
(a)
(b)
............
27,456
860,471
MasterCraft
Boat
Holdings,
Inc.
(a)
(b)
.........
30,736
571,075
Mattel,
Inc.
(a)
........................
397,198
7,832,744
Peloton
Interactive,
Inc.
,
Class
A
(a)
(b)
........
433,994
3,011,918
Polaris,
Inc.
.........................
69,172
2,811,842
Smith
&
Wesson
Brands,
Inc.
.............
62,103
539,054
Sturm
Ruger
&
Co.,
Inc.
................
25,001
897,536
Topgolf
Callaway
Brands
Corp.
(a)
..........
178,800
1,439,340
YETI
Holdings,
Inc.
(a)
(b)
.................
101,053
3,185,191
39,677,750
Life
Sciences
Tools
&
Services
—
0.8%
10X
Genomics,
Inc.
,
Class
A
(a)
(b)
...........
157,632
1,825,378
Adaptive
Biotechnologies
Corp.
(a)
..........
171,866
2,002,239
Agilent
Technologies,
Inc.
...............
336,420
39,700,924
Avantor,
Inc.
(a)
.......................
798,519
10,748,066
Azenta,
Inc.
(a)
(b)
......................
64,413
1,982,632
BioLife
Solutions,
Inc.
(a)
(b)
................
43,019
926,629
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Core
S&P
Total
U.S.
Stock
Market
ETF
14
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Life
Sciences
Tools
&
Services
(continued)
Bio-Rad
Laboratories,
Inc.
,
Class
A
(a)
........
22,904
$
5,527,193
Bio-Techne
Corp.
.....................
185,188
9,527,923
Bruker
Corp.
........................
129,491
5,335,029
Charles
River
Laboratories
International,
Inc.
(a)
.
59,227
8,986,513
CryoPort,
Inc.
(a)
(b)
.....................
58,508
436,470
Cytek
Biosciences,
Inc.
(a)
................
108,044
367,350
Danaher
Corp.
......................
748,129
147,785,403
Fortrea
Holdings,
Inc.
(a)
.................
95,821
473,356
Illumina,
Inc.
(a)
(b)
......................
187,990
17,936,126
IQVIA
Holdings,
Inc.
(a)
..................
196,264
30,929,244
Maravai
LifeSciences
Holdings,
Inc.
,
Class
A
(a)
(b)
136,669
329,372
MaxCyte,
Inc.
(a)
(b)
.....................
149,871
326,719
Medpace
Holdings,
Inc.
(a)
...............
29,223
9,171,931
Mesa
Laboratories,
Inc.
................
6,319
595,376
Mettler-Toledo
International,
Inc.
(a)
.........
24,802
29,135,405
Niagen
Bioscience,
Inc.
(a)
...............
61,855
891,330
OmniAb,
Inc.
(a)
(b)
.....................
118,551
206,279
OmniAb,
Inc.,
12.50
Earnout
Shares
(a)
(d)
......
7,100
—
OmniAb,
Inc.,
15.00
Earnout
Shares
(a)
(d)
......
7,100
—
Pacific
Biosciences
of
California,
Inc.
(a)
(b)
.....
389,481
482,956
Quanterix
Corp.
(a)
(b)
...................
45,909
305,295
Quantum-Si,
Inc.
,
Class
A
(a)
(b)
.............
391,386
767,116
Repligen
Corp.
(a)
.....................
61,757
7,681,336
Revvity,
Inc.
(b)
.......................
146,271
14,147,331
Sotera
Health
Co.
(a)
...................
177,175
1,970,186
Standard
BioTools,
Inc.
(a)
(b)
...............
303,613
364,336
Thermo
Fisher
Scientific,
Inc.
.............
443,232
179,712,847
Waters
Corp.
(a)
......................
69,603
24,294,231
West
Pharmaceutical
Services,
Inc.
........
84,851
18,565,399
573,437,920
Machinery
—
1.8%
3D
Systems
Corp.
(a)
(b)
..................
172,419
265,525
AGCO
Corp.
........................
72,186
7,446,708
Alamo
Group,
Inc.
....................
11,746
2,565,091
Albany
International
Corp.
,
Class
A
.........
40,452
2,836,899
Allison
Transmission
Holdings,
Inc.
.........
99,487
9,450,270
Astec
Industries,
Inc.
..................
24,822
1,034,829
Atmus
Filtration
Technologies,
Inc.
.........
100,318
3,653,581
Blue
Bird
Corp.
(a)
(b)
....................
37,942
1,637,577
Caterpillar,
Inc.
......................
551,137
213,956,895
Chart
Industries,
Inc.
(a)
(b)
................
53,445
8,799,719
CNH
Industrial
NV
....................
1,019,428
13,211,787
Columbus
McKinnon
Corp.
..............
41,706
636,851
Crane
Co.
..........................
56,856
10,796,386
Cummins,
Inc.
.......................
160,628
52,605,670
Deere
&
Co.
........................
295,822
150,422,529
Donaldson
Co.,
Inc.
...................
133,716
9,273,205
Douglas
Dynamics,
Inc.
................
29,880
880,564
Dover
Corp.
........................
159,270
29,183,042
Energy
Recovery,
Inc.
(a)
................
74,130
947,381
Enerpac
Tool
Group
Corp.
,
Class
A
.........
65,626
2,661,790
Enpro,
Inc.
.........................
24,656
4,722,857
Esab
Corp.
.........................
66,820
8,055,151
ESCO
Technologies,
Inc.
...............
31,193
5,985,001
Federal
Signal
Corp.
..................
72,226
7,686,291
Flowserve
Corp.
.....................
158,037
8,273,237
Fortive
Corp.
........................
400,779
20,892,609
Franklin
Electric
Co.,
Inc.
...............
47,555
4,267,586
Gates
Industrial
Corp.
plc
(a)
(b)
.............
267,935
6,170,543
Gorman-Rupp
Co.
(The)
................
34,416
1,263,755
Graco,
Inc.
.........................
195,996
16,849,776
Greenbrier
Cos.,
Inc.
(The)
..............
37,253
1,715,501
Helios
Technologies,
Inc.
................
41,712
1,391,929
Hillenbrand,
Inc.
.....................
83,885
1,683,572
Security
Shares
Shares
Value
Machinery
(continued)
Hillman
Solutions
Corp.
(a)
(b)
..............
228,422
$
1,630,933
Hyster-Yale,
Inc.
,
Class
A
...............
11,793
469,125
IDEX
Corp.
.........................
87,104
15,292,849
Illinois
Tool
Works,
Inc.
.................
308,371
76,244,730
Ingersoll
Rand,
Inc.
...................
473,970
39,424,825
ITT,
Inc.
...........................
93,255
14,625,182
JBT
Marel
Corp.
.....................
54,187
6,516,529
Kadant,
Inc.
(b)
.......................
14,563
4,623,024
Kennametal,
Inc.
.....................
94,072
2,159,893
Lincoln
Electric
Holdings,
Inc.
............
66,228
13,730,389
Lindsay
Corp.
.......................
14,187
2,046,475
Luxfer
Holdings
plc
...................
55,101
671,130
Manitowoc
Co.,
Inc.
(The)
(a)
(b)
.............
51,011
613,152
Microvast
Holdings,
Inc.
(a)
(b)
..............
322,128
1,169,325
Middleby
Corp.
(The)
(a)
(b)
................
63,071
9,082,224
Miller
Industries,
Inc.
..................
14,208
631,688
Mueller
Industries,
Inc.
.................
128,043
10,175,577
Mueller
Water
Products,
Inc.
,
Class
A
.......
186,844
4,491,730
Nordson
Corp.
.......................
63,361
13,582,697
Omega
Flex,
Inc.
.....................
6,472
209,563
Oshkosh
Corp.
......................
76,377
8,671,844
Otis
Worldwide
Corp.
..................
462,201
45,767,143
PACCAR,
Inc.
.......................
612,455
58,219,972
Parker-Hannifin
Corp.
..................
149,769
104,609,153
Pentair
plc
.........................
190,876
19,595,330
Proto
Labs,
Inc.
(a)
.....................
31,053
1,243,362
RBC
Bearings,
Inc.
(a)
..................
36,691
14,118,697
REV
Group,
Inc.
.....................
61,124
2,908,891
Shyft
Group,
Inc.
(The)
.................
41,377
518,868
Snap-on,
Inc.
.......................
61,250
19,059,775
SPX
Technologies,
Inc.
(a)
................
54,479
9,135,039
Standex
International
Corp.
..............
16,739
2,619,319
Stanley
Black
&
Decker,
Inc.
.............
183,773
12,450,621
Symbotic,
Inc.
,
Class
A
(a)
(b)
...............
52,116
2,024,707
Tennant
Co.
........................
21,966
1,701,926
Terex
Corp.
.........................
77,227
3,605,729
Timken
Co.
(The)
.....................
75,474
5,475,639
Titan
International,
Inc.
(a)
................
69,898
717,852
Toro
Co.
(The)
.......................
119,279
8,430,640
Trinity
Industries,
Inc.
..................
103,892
2,806,123
Wabash
National
Corp.
.................
54,826
582,800
Watts
Water
Technologies,
Inc.
,
Class
A
......
31,267
7,688,243
Westinghouse
Air
Brake
Technologies
Corp.
...
198,405
41,536,087
Worthington
Enterprises,
Inc.
.............
37,249
2,370,526
Xylem,
Inc.
.........................
285,099
36,880,407
1,241,353,840
Marine
Transportation
—
0.0%
Genco
Shipping
&
Trading
Ltd.
............
58,293
761,889
Kirby
Corp.
(a)
........................
66,021
7,487,442
Matson,
Inc.
........................
39,276
4,373,383
12,622,714
Media
—
0.5%
Altice
USA,
Inc.
,
Class
A
(a)
(b)
..............
326,048
697,743
Boston
Omaha
Corp.
,
Class
A
(a)
(b)
..........
52,235
733,379
Cable
One,
Inc.
......................
6,237
847,047
Charter
Communications,
Inc.
,
Class
A
(a)
(b)
....
111,835
45,719,266
Clear
Channel
Outdoor
Holdings,
Inc.
(a)
......
485,553
568,097
Comcast
Corp.
,
Class
A
................
4,367,199
155,865,332
DoubleVerify
Holdings,
Inc.
(a)
.............
172,037
2,575,394
EchoStar
Corp.
,
Class
A
(a)
(b)
..............
157,773
4,370,312
Fox
Corp.
,
Class
A,
NVS
................
268,785
15,062,711
Fox
Corp.
,
Class
B
....................
129,243
6,672,816
Gannett
Co.,
Inc.
(a)
(b)
...................
160,272
573,774
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Core
S&P
Total
U.S.
Stock
Market
ETF
15
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Media
(continued)
Gray
Media,
Inc.
.....................
95,884
$
434,355
Ibotta,
Inc.
,
Class
A
(a)
..................
9,634
352,604
Integral
Ad
Science
Holding
Corp.
(a)
(b)
.......
108,722
903,480
Interpublic
Group
of
Cos.,
Inc.
(The)
........
425,961
10,427,525
John
Wiley
&
Sons,
Inc.
,
Class
A
..........
50,612
2,258,814
Liberty
Broadband
Corp.
,
Class
A
(a)
(b)
........
20,859
2,040,427
Liberty
Broadband
Corp.
,
Class
C,
NVS
(a)
....
132,459
13,031,317
Magnite,
Inc.
(a)
(b)
......................
156,737
3,780,496
National
CineMedia,
Inc.
................
129,179
625,872
New
York
Times
Co.
(The)
,
Class
A
.........
188,948
10,577,309
News
Corp.
,
Class
A,
NVS
..............
443,045
13,167,298
News
Corp.
,
Class
B
(b)
.................
134,394
4,611,058
Nexstar
Media
Group,
Inc.
...............
32,155
5,561,207
Omnicom
Group,
Inc.
..................
227,107
16,338,078
Paramount
Global
,
Class
B,
NVS
..........
719,412
9,280,415
PubMatic,
Inc.
,
Class
A
(a)
(b)
...............
54,328
675,840
Scholastic
Corp.
.....................
34,937
732,978
Sinclair,
Inc.
,
Class
A
..................
51,130
706,617
Sirius
XM
Holdings,
Inc.
................
257,658
5,918,404
Stagwell,
Inc.
,
Class
A
(a)
(b)
...............
128,787
579,542
TechTarget,
Inc.
(a)
.....................
32,305
251,010
TEGNA,
Inc.
........................
188,358
3,156,880
Thryv
Holdings,
Inc.
(a)
(b)
.................
69,707
847,637
Trade
Desk,
Inc.
(The)
,
Class
A
(a)
..........
527,981
38,009,352
WideOpenWest,
Inc.
(a)
(b)
................
81,895
332,494
378,286,880
Metals
&
Mining
—
0.4%
Alcoa
Corp.
.........................
305,437
9,013,446
Alpha
Metallurgical
Resources,
Inc.
(a)
.......
12,813
1,441,206
Carpenter
Technology
Corp.
.............
58,032
16,038,884
Century
Aluminum
Co.
(a)
................
60,849
1,096,499
Cleveland-Cliffs,
Inc.
(a)
(b)
................
571,105
4,340,398
Coeur
Mining,
Inc.
(a)
(b)
..................
745,563
6,605,688
Commercial
Metals
Co.
.................
127,813
6,251,334
Compass
Minerals
International,
Inc.
(a)
.......
42,102
845,829
Freeport-McMoRan,
Inc.
................
1,695,940
73,518,999
Hecla
Mining
Co.
.....................
736,716
4,412,929
Ivanhoe
Electric,
Inc.
(a)
(b)
................
108,024
979,778
Kaiser
Aluminum
Corp.
.................
21,502
1,718,010
Materion
Corp.
......................
24,780
1,966,789
McEwen
Mining,
Inc.
(a)
(b)
................
49,127
472,110
Metallus,
Inc.
(a)
......................
59,932
923,552
MP
Materials
Corp.
,
Class
A
(a)
(b)
...........
150,470
5,006,137
Newmont
Corp.
......................
1,309,370
76,283,896
Nucor
Corp.
........................
270,214
35,003,521
Olympic
Steel,
Inc.
....................
10,725
349,528
Radius
Recycling,
Inc.
,
Class
A
...........
30,863
916,322
Ramaco
Resources,
Inc.
,
Class
A
..........
48,376
635,661
Reliance,
Inc.
.......................
61,394
19,271,577
Royal
Gold,
Inc.
......................
79,645
14,164,067
Ryerson
Holding
Corp.
.................
34,941
753,677
Steel
Dynamics,
Inc.
...................
161,677
20,696,273
SunCoke
Energy,
Inc.
..................
114,717
985,419
USA
Rare
Earth,
Inc.
(a)
(b)
................
68,645
752,006
Warrior
Met
Coal,
Inc.
..................
62,812
2,878,674
Worthington
Steel,
Inc.
.................
49,731
1,483,476
308,805,685
Mortgage
Real
Estate
Investment
Trusts
(REITs)
—
0.1%
AGNC
Investment
Corp.
................
1,188,822
10,925,274
Annaly
Capital
Management,
Inc.
..........
652,607
12,282,064
Apollo
Commercial
Real
Estate
Finance,
Inc.
..
148,178
1,434,363
Arbor
Realty
Trust,
Inc.
(b)
................
190,696
2,040,447
Ares
Commercial
Real
Estate
Corp.
........
96,590
460,734
Security
Shares
Shares
Value
Mortgage
Real
Estate
Investment
Trusts
(REITs)
(continued)
ARMOUR
Residential
REIT,
Inc.
...........
124,566
$
2,093,955
Blackstone
Mortgage
Trust,
Inc.
,
Class
A
.....
194,752
3,748,976
BrightSpire
Capital,
Inc.
,
Class
A
..........
215,034
1,085,922
Chimera
Investment
Corp.
...............
97,909
1,357,998
Claros
Mortgage
Trust,
Inc.
..............
141,567
403,466
Dynex
Capital,
Inc.
....................
132,183
1,615,276
Ellington
Financial,
Inc.
.................
156,694
2,035,455
Franklin
BSP
Realty
Trust,
Inc.
............
104,630
1,118,495
Granite
Point
Mortgage
Trust,
Inc.
.........
133,130
328,831
Invesco
Mortgage
Capital,
Inc.
............
66,892
524,433
KKR
Real
Estate
Finance
Trust,
Inc.
........
75,502
662,153
Ladder
Capital
Corp.
,
Class
A
............
131,452
1,413,109
MFA
Financial,
Inc.
....................
118,935
1,125,125
New
York
Mortgage
Trust,
Inc.
............
107,361
719,319
Orchid
Island
Capital,
Inc.
...............
129,589
908,419
PennyMac
Mortgage
Investment
Trust
.......
101,394
1,303,927
Ready
Capital
Corp.
...................
230,766
1,008,447
Redwood
Trust,
Inc.
...................
183,521
1,084,609
Rithm
Capital
Corp.
...................
593,331
6,698,707
Starwood
Property
Trust,
Inc.
.............
396,540
7,958,558
TPG
RE
Finance
Trust,
Inc.
..............
81,346
627,991
Two
Harbors
Investment
Corp.
............
124,520
1,341,080
66,307,133
Multi-Utilities
—
0.6%
Ameren
Corp.
.......................
313,897
30,146,668
Avista
Corp.
........................
104,571
3,968,469
Black
Hills
Corp.
.....................
84,224
4,724,966
CenterPoint
Energy,
Inc.
................
767,535
28,199,236
CMS
Energy
Corp.
....................
341,264
23,642,770
Consolidated
Edison,
Inc.
...............
418,009
41,947,203
Dominion
Energy,
Inc.
..................
995,528
56,267,243
DTE
Energy
Co.
.....................
240,001
31,790,532
NiSource,
Inc.
.......................
558,289
22,521,378
Northwestern
Energy
Group,
Inc.
..........
84,159
4,317,357
Public
Service
Enterprise
Group,
Inc.
.......
584,621
49,213,396
Sempra
...........................
764,405
57,918,967
Unitil
Corp.
.........................
24,585
1,282,108
WEC
Energy
Group,
Inc.
................
367,096
38,251,403
394,191,696
Office
REITs
—
0.1%
Brandywine
Realty
Trust
................
192,201
824,542
BXP,
Inc.
..........................
170,507
11,504,107
COPT
Defense
Properties
...............
132,334
3,649,772
Cousins
Properties,
Inc.
................
195,511
5,871,195
Douglas
Emmett,
Inc.
..................
171,883
2,585,120
Easterly
Government
Properties,
Inc.
.......
62,958
1,397,668
Empire
State
Realty
Trust,
Inc.
,
Class
A
......
180,967
1,464,023
Highwoods
Properties,
Inc.
..............
124,688
3,876,550
Hudson
Pacific
Properties,
Inc.
(a)
..........
175,517
480,917
JBG
SMITH
Properties
(b)
................
97,560
1,687,788
Kilroy
Realty
Corp.
....................
125,322
4,299,798
NET
Lease
Office
Properties
(a)
(b)
...........
22,744
740,317
Orion
Properties,
Inc.
..................
147,337
313,828
Paramount
Group,
Inc.
(a)
................
219,588
1,339,487
Peakstone
Realty
Trust
,
Class
E
..........
48,317
638,267
Piedmont
Realty
Trust,
Inc.
,
Class
A
........
143,893
1,048,980
Postal
Realty
Trust,
Inc.
,
Class
A
..........
53,012
780,867
SL
Green
Realty
Corp.
.................
85,618
5,299,754
Vornado
Realty
Trust
..................
196,472
7,513,089
55,316,069
Oil,
Gas
&
Consumable
Fuels
—
2.8%
Antero
Midstream
Corp.
................
415,573
7,875,108
Antero
Resources
Corp.
(a)
...............
346,302
13,949,045
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Core
S&P
Total
U.S.
Stock
Market
ETF
16
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Oil,
Gas
&
Consumable
Fuels
(continued)
APA
Corp.
.........................
442,614
$
8,095,410
Berry
Corp.
.........................
90,162
249,749
BKV
Corp.
(a)
(b)
.......................
28,398
684,960
California
Resources
Corp.
..............
80,369
3,670,452
Calumet,
Inc.
(a)
(b)
.....................
81,815
1,288,995
Centrus
Energy
Corp.
,
Class
A
(a)
(b)
.........
17,967
3,291,195
Cheniere
Energy,
Inc.
..................
259,453
63,181,995
Chevron
Corp.
.......................
1,901,959
272,341,509
Chord
Energy
Corp.
...................
69,873
6,767,200
Civitas
Resources,
Inc.
.................
96,713
2,661,542
Clean
Energy
Fuels
Corp.
(a)
(b)
.............
266,507
519,689
CNX
Resources
Corp.
(a)
(b)
...............
175,155
5,899,220
Comstock
Resources,
Inc.
(a)
..............
114,075
3,156,455
ConocoPhillips
......................
1,477,043
132,549,839
Core
Natural
Resources,
Inc.
.............
60,134
4,193,745
Coterra
Energy,
Inc.
...................
899,147
22,820,351
Crescent
Energy,
Inc.
,
Class
A
............
205,275
1,765,365
CVR
Energy,
Inc.
.....................
38,763
1,040,787
Delek
US
Holdings,
Inc.
................
84,525
1,790,239
Devon
Energy
Corp.
...................
751,437
23,903,211
Diamondback
Energy,
Inc.
...............
219,303
30,132,232
Dorian
LPG
Ltd.
......................
48,811
1,190,012
DT
Midstream,
Inc.
....................
116,729
12,829,684
EOG
Resources,
Inc.
..................
635,904
76,060,477
EQT
Corp.
.........................
705,152
41,124,465
Excelerate
Energy,
Inc.
,
Class
A
...........
28,226
827,586
Expand
Energy
Corp.
..................
254,229
29,729,539
Exxon
Mobil
Corp.
....................
5,048,676
544,247,273
Gulfport
Energy
Corp.
(a)
(b)
...............
13,665
2,748,988
Harvest
Natural
Resources,
Inc.
(a)
(d)
.........
8,626
—
Hess
Corp.
.........................
323,679
44,842,489
HF
Sinclair
Corp.
.....................
178,992
7,352,991
Infinity
Natural
Resources,
Inc.
,
Class
A
(a)
....
15,322
280,546
International
Seaways,
Inc.
..............
47,533
1,734,004
Kinder
Morgan,
Inc.
...................
2,278,877
66,998,984
Kinetik
Holdings,
Inc.
,
Class
A
............
44,168
1,945,600
Kosmos
Energy
Ltd.
(a)
(b)
.................
548,027
942,606
Lightbridge
Corp.
(a)
(b)
...................
44,782
598,735
Magnolia
Oil
&
Gas
Corp.
,
Class
A
.........
212,412
4,775,022
Marathon
Petroleum
Corp.
..............
359,827
59,770,863
Matador
Resources
Co.
................
135,541
6,468,016
Murphy
Oil
Corp.
.....................
172,888
3,889,980
New
Fortress
Energy,
Inc.
,
Class
A
(a)
(b)
.......
164,216
545,197
NextDecade
Corp.
(a)
(b)
..................
178,088
1,586,764
Northern
Oil
&
Gas,
Inc.
................
119,227
3,380,085
Occidental
Petroleum
Corp.
..............
833,173
35,001,598
ONEOK,
Inc.
........................
731,725
59,730,712
Ovintiv,
Inc.
.........................
311,198
11,841,084
Par
Pacific
Holdings,
Inc.
(a)
..............
63,151
1,675,396
PBF
Energy,
Inc.
,
Class
A
...............
117,588
2,548,132
Peabody
Energy
Corp.
.................
148,649
1,994,870
Permian
Resources
Corp.
,
Class
A
.........
768,784
10,470,838
Phillips
66
..........................
477,887
57,011,919
Range
Resources
Corp.
................
293,405
11,932,781
REX
American
Resources
Corp.
(a)
.........
18,474
899,868
Sable
Offshore
Corp.
,
Class
A
(a)
(b)
..........
84,502
1,857,354
SandRidge
Energy,
Inc.
................
52,283
565,702
Sitio
Royalties
Corp.
,
Class
A
.............
105,289
1,935,212
SM
Energy
Co.
......................
144,694
3,575,389
Talos
Energy,
Inc.
(a)
...................
168,762
1,431,102
Targa
Resources
Corp.
.................
255,578
44,491,018
Texas
Pacific
Land
Corp.
................
21,970
23,208,888
Uranium
Energy
Corp.
(a)
(b)
...............
497,412
3,382,402
VAALCO
Energy,
Inc.
..................
124,929
450,994
Valero
Energy
Corp.
...................
366,783
49,302,971
Security
Shares
Shares
Value
Oil,
Gas
&
Consumable
Fuels
(continued)
Venture
Global,
Inc.
,
Class
A
(b)
............
95,470
$
1,487,423
Viper
Energy,
Inc.
,
Class
A
..............
149,109
5,685,526
Vital
Energy,
Inc.
(a)
(b)
...................
31,463
506,240
Vitesse
Energy,
Inc.
...................
35,808
790,999
Williams
Cos.,
Inc.
(The)
................
1,435,381
90,156,281
World
Kinect
Corp.
....................
74,619
2,115,449
1,949,748,347
Paper
&
Forest
Products
—
0.0%
Clearwater
Paper
Corp.
(a)
...............
20,715
564,277
Louisiana-Pacific
Corp.
.................
71,557
6,153,186
Magnera
Corp.
(a)
(b)
....................
50,136
605,643
Mercer
International,
Inc.
................
75,842
265,447
Sylvamo
Corp.
......................
41,406
2,074,441
9,662,994
Passenger
Airlines
—
0.2%
Alaska
Air
Group,
Inc.
(a)
.................
143,150
7,083,062
Allegiant
Travel
Co.
(a)
..................
19,348
1,063,172
American
Airlines
Group,
Inc.
(a)
............
784,346
8,800,362
Delta
Air
Lines,
Inc.
...................
761,312
37,441,324
Frontier
Group
Holdings,
Inc.
(a)
(b)
...........
80,906
293,689
JetBlue
Airways
Corp.
(a)
(b)
...............
336,573
1,423,704
Joby
Aviation,
Inc.
,
Class
A
(a)
(b)
............
600,993
6,340,476
SkyWest,
Inc.
(a)
......................
50,927
5,243,953
Southwest
Airlines
Co.
.................
669,397
21,715,239
Sun
Country
Airlines
Holdings,
Inc.
(a)
........
43,553
511,748
United
Airlines
Holdings,
Inc.
(a)
............
383,528
30,540,335
120,457,064
Personal
Care
Products
—
0.1%
BellRing
Brands,
Inc.
(a)
.................
149,769
8,676,118
Coty,
Inc.
,
Class
A
(a)
...................
452,159
2,102,539
Edgewell
Personal
Care
Co.
.............
62,841
1,471,108
elf
Beauty,
Inc.
(a)
.....................
65,152
8,107,515
Estee
Lauder
Cos.,
Inc.
(The)
,
Class
A
......
275,368
22,249,734
Herbalife
Ltd.
(a)
(b)
.....................
125,123
1,078,560
Honest
Co.,
Inc.
(The)
(a)
(b)
...............
120,932
615,544
Interparfums,
Inc.
.....................
22,136
2,906,678
Kenvue,
Inc.
........................
2,249,463
47,081,261
Nu
Skin
Enterprises,
Inc.
,
Class
A
..........
62,754
501,405
Olaplex
Holdings,
Inc.
(a)
(b)
...............
228,943
320,520
USANA
Health
Sciences,
Inc.
(a)
...........
20,494
625,682
95,736,664
Pharmaceuticals
—
2.6%
Amneal
Pharmaceuticals,
Inc.
,
Class
A
(a)
.....
184,822
1,495,210
Amphastar
Pharmaceuticals,
Inc.
(a)
.........
44,206
1,014,970
ANI
Pharmaceuticals,
Inc.
(a)
..............
25,233
1,646,453
Aquestive
Therapeutics,
Inc.
(a)
(b)
...........
149,689
495,471
Arvinas,
Inc.
(a)
.......................
86,423
636,073
Atea
Pharmaceuticals,
Inc.
(a)
(b)
............
173,320
623,952
Avadel
Pharmaceuticals
plc
,
ADR
(a)
(b)
.......
123,607
1,093,922
Axsome
Therapeutics,
Inc.
(a)
.............
50,636
5,285,892
Bristol-Myers
Squibb
Co.
................
2,386,921
110,490,573
Collegium
Pharmaceutical,
Inc.
(a)
(b)
.........
40,399
1,194,598
Corcept
Therapeutics,
Inc.
(a)
(b)
............
111,329
8,171,549
CorMedix,
Inc.
(a)
(b)
....................
90,881
1,119,654
Edgewise
Therapeutics,
Inc.
(a)
(b)
...........
80,784
1,059,078
Elanco
Animal
Health,
Inc.
(a)
(b)
............
595,574
8,504,797
Eli
Lilly
&
Co.
.......................
922,569
719,170,213
Enliven
Therapeutics,
Inc.
(a)
(b)
.............
37,219
746,613
Esperion
Therapeutics,
Inc.
(a)
(b)
............
320,688
315,685
Evolus,
Inc.
(a)
(b)
......................
65,899
606,930
EyePoint
Pharmaceuticals,
Inc.
(a)
(b)
.........
100,347
944,265
Harmony
Biosciences
Holdings,
Inc.
(a)
.......
44,336
1,401,018
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Core
S&P
Total
U.S.
Stock
Market
ETF
17
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Pharmaceuticals
(continued)
Harrow,
Inc.
(a)
(b)
......................
33,638
$
1,027,304
Impact
BioMedical,
Inc.
(a)
................
6
4
Innoviva,
Inc.
(a)
......................
76,580
1,538,492
Jazz
Pharmaceuticals
plc
(a)
..............
71,792
7,618,567
Johnson
&
Johnson
...................
2,815,772
430,109,173
LENZ
Therapeutics,
Inc.
(a)
(b)
..............
24,180
708,716
Ligand
Pharmaceuticals,
Inc.
(a)
(b)
...........
25,249
2,870,306
Liquidia
Corp.
(a)
(b)
.....................
59,392
740,024
Merck
&
Co.,
Inc.
.....................
2,945,167
233,139,420
Mind
Medicine
MindMed,
Inc.
(a)
(b)
..........
96,336
625,221
Nuvation
Bio,
Inc.
,
Class
A
(a)
(b)
............
378,963
738,978
Ocular
Therapeutix,
Inc.
(a)
(b)
..............
167,954
1,558,613
Omeros
Corp.
(a)
(b)
.....................
62,640
187,920
Organon
&
Co.
......................
305,017
2,952,565
Pacira
BioSciences,
Inc.
(a)
...............
63,146
1,509,189
Perrigo
Co.
plc
......................
158,014
4,222,134
Pfizer,
Inc.
.........................
6,671,066
161,706,640
Phathom
Pharmaceuticals,
Inc.
(a)
(b)
.........
71,335
684,103
Phibro
Animal
Health
Corp.
,
Class
A
........
27,874
711,902
Prestige
Consumer
Healthcare,
Inc.
(a)
.......
62,351
4,978,727
Royalty
Pharma
plc
,
Class
A
.............
432,546
15,584,632
Scilex
Holding
Co.
(a)
(b)
..................
1,436
8,458
SIGA
Technologies,
Inc.
................
56,043
365,400
Supernus
Pharmaceuticals,
Inc.
(a)
..........
73,793
2,325,955
Tarsus
Pharmaceuticals,
Inc.
(a)
(b)
...........
49,321
1,997,994
Theravance
Biopharma,
Inc.
(a)
(b)
...........
90,327
996,307
Trevi
Therapeutics,
Inc.
(a)
...............
101,240
553,783
Viatris,
Inc.
.........................
1,423,720
12,713,820
WaVe
Life
Sciences
Ltd.
(a)
(b)
..............
153,496
997,724
Xeris
Biopharma
Holdings,
Inc.
(a)
(b)
.........
166,760
778,769
Zevra
Therapeutics,
Inc.
(a)
(b)
..............
86,824
764,919
Zoetis,
Inc.
,
Class
A
...................
522,680
81,511,946
1,842,244,621
Professional
Services
—
0.8%
Acuren
Corp.
(a)
(b)
.....................
104,145
1,149,761
Alight,
Inc.
,
Class
A
...................
542,365
3,069,786
Amentum
Holdings,
Inc.
(a)
(b)
..............
176,635
4,170,352
Automatic
Data
Processing,
Inc.
...........
473,798
146,119,303
Barrett
Business
Services,
Inc.
............
40,512
1,688,945
Booz
Allen
Hamilton
Holding
Corp.
.........
149,125
15,528,386
Broadridge
Financial
Solutions,
Inc.
........
136,856
33,260,114
CACI
International,
Inc.
,
Class
A
(a)
(b)
........
26,024
12,405,641
CBIZ,
Inc.
(a)
(b)
........................
62,894
4,510,129
Clarivate
plc
(a)
(b)
......................
519,806
2,235,166
Concentrix
Corp.
.....................
55,319
2,923,886
Conduent,
Inc.
(a)
(b)
....................
271,236
716,063
CRA
International,
Inc.
.................
10,374
1,943,776
CSG
Systems
International,
Inc.
...........
32,572
2,127,277
Dayforce,
Inc.
(a)
(b)
.....................
189,761
10,510,862
Dun
&
Bradstreet
Holdings,
Inc.
...........
368,454
3,349,247
Equifax,
Inc.
........................
146,379
37,966,321
ExlService
Holdings,
Inc.
(a)
..............
194,088
8,499,113
Exponent,
Inc.
.......................
59,764
4,464,968
First
Advantage
Corp.
(a)
(b)
...............
88,967
1,477,742
Franklin
Covey
Co.
(a)
(b)
.................
20,041
457,336
FTI
Consulting,
Inc.
(a)
..................
39,693
6,410,419
Genpact
Ltd.
........................
186,787
8,220,496
Heidrick
&
Struggles
International,
Inc.
......
34,561
1,581,511
Huron
Consulting
Group,
Inc.
(a)
(b)
..........
19,848
2,729,894
ICF
International,
Inc.
..................
22,769
1,928,762
Innodata,
Inc.
(a)
(b)
.....................
35,332
1,809,705
Insperity,
Inc.
........................
41,056
2,468,287
Jacobs
Solutions,
Inc.
..................
138,454
18,199,778
KBR,
Inc.
..........................
148,129
7,101,304
Security
Shares
Shares
Value
Professional
Services
(continued)
Kelly
Services,
Inc.
,
Class
A,
NVS
.........
52,806
$
618,358
Kforce,
Inc.
.........................
24,943
1,025,906
Korn
Ferry
.........................
62,869
4,610,184
Legalzoom.com,
Inc.
(a)
.................
132,245
1,178,303
Leidos
Holdings,
Inc.
..................
150,186
23,693,343
ManpowerGroup,
Inc.
..................
59,582
2,407,113
Maximus,
Inc.
.......................
65,271
4,582,024
NV5
Global,
Inc.
(a)
....................
70,479
1,627,360
Parsons
Corp.
(a)
(b)
.....................
54,166
3,887,494
Paychex,
Inc.
.......................
374,464
54,469,533
Paycom
Software,
Inc.
.................
56,627
13,103,488
Paylocity
Holding
Corp.
(a)
...............
50,908
9,224,021
Planet
Labs
PBC
,
Class
A
(a)
(b)
.............
294,071
1,793,833
Resources
Connection,
Inc.
..............
41,640
223,607
Robert
Half,
Inc.
.....................
120,360
4,940,778
Science
Applications
International
Corp.
.....
55,447
6,243,887
Spire
Global,
Inc.
,
Class
A
(a)
(b)
............
38,061
452,926
SS&C
Technologies
Holdings,
Inc.
.........
252,567
20,912,548
TransUnion
.........................
229,540
20,199,520
TriNet
Group,
Inc.
....................
33,808
2,472,717
UL
Solutions,
Inc.
,
Class
A
...............
69,819
5,087,012
Upwork,
Inc.
(a)
(b)
......................
155,741
2,093,159
Verisk
Analytics,
Inc.
...................
162,068
50,484,182
Verra
Mobility
Corp.
,
Class
A
(a)
............
200,136
5,081,453
Willdan
Group,
Inc.
(a)
..................
16,552
1,034,666
590,471,745
Real
Estate
Management
&
Development
—
0.2%
Anywhere
Real
Estate,
Inc.
(a)
.............
133,034
481,583
CBRE
Group,
Inc.
,
Class
A
(a)
.............
344,164
48,224,260
Compass,
Inc.
,
Class
A
(a)
(b)
..............
498,683
3,131,729
CoStar
Group,
Inc.
(a)
...................
493,433
39,672,013
Cushman
&
Wakefield
plc
(a)
..............
163,287
1,807,587
eXp
World
Holdings,
Inc.
................
135,039
1,228,855
Forestar
Group,
Inc.
(a)
..................
25,078
501,560
FRP
Holdings,
Inc.
(a)
...................
19,436
522,634
Howard
Hughes
Holdings,
Inc.
(a)
(b)
..........
39,801
2,686,568
Jones
Lang
LaSalle,
Inc.
(a)
...............
55,506
14,197,325
Kennedy-Wilson
Holdings,
Inc.
............
155,316
1,056,149
Marcus
&
Millichap,
Inc.
................
30,589
939,388
Newmark
Group,
Inc.
,
Class
A
............
184,239
2,238,504
Opendoor
Technologies,
Inc.
(a)
(b)
...........
700,267
373,242
RE/MAX
Holdings,
Inc.
,
Class
A
(a)
..........
42,417
346,971
Redfin
Corp.
(a)
(b)
......................
146,271
1,636,772
RMR
Group,
Inc.
(The)
,
Class
A
...........
24,296
397,240
St.
Joe
Co.
(The)
.....................
44,791
2,136,531
Tejon
Ranch
Co.
(a)
(b)
...................
42,518
721,105
Zillow
Group,
Inc.
,
Class
A
(a)
(b)
............
74,943
5,132,846
Zillow
Group,
Inc.
,
Class
C,
NVS
(a)
(b)
........
178,247
12,486,202
139,919,064
Residential
REITs
—
0.3%
American
Homes
4
Rent
,
Class
A
..........
373,214
13,461,829
Apartment
Investment
&
Management
Co.
,
Class
A
.............................
172,355
1,490,871
AvalonBay
Communities,
Inc.
............
161,133
32,790,565
Camden
Property
Trust
.................
122,668
13,823,457
Centerspace
........................
19,832
1,193,688
Elme
Communities
....................
126,157
2,005,896
Equity
LifeStyle
Properties,
Inc.
...........
213,971
13,195,591
Equity
Residential
....................
393,212
26,537,878
Essex
Property
Trust,
Inc.
...............
74,035
20,981,519
Independence
Realty
Trust,
Inc.
...........
274,185
4,850,333
Invitation
Homes,
Inc.
..................
674,416
22,120,845
Mid-America
Apartment
Communities,
Inc.
....
136,163
20,153,486
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Core
S&P
Total
U.S.
Stock
Market
ETF
18
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Residential
REITs
(continued)
NexPoint
Residential
Trust,
Inc.
...........
32,751
$
1,091,263
Sun
Communities,
Inc.
.................
138,689
17,542,772
UDR,
Inc.
..........................
356,052
14,537,603
UMH
Properties,
Inc.
..................
101,233
1,699,702
Veris
Residential,
Inc.
..................
104,172
1,551,121
209,028,419
Retail
REITs
—
0.3%
Acadia
Realty
Trust
(b)
..................
181,564
3,371,643
Agree
Realty
Corp.
...................
114,402
8,358,210
Alexander's,
Inc.
.....................
2,331
525,221
Brixmor
Property
Group,
Inc.
.............
354,844
9,240,138
CBL
&
Associates
Properties,
Inc.
..........
29,018
736,767
Curbline
Properties
Corp.
...............
128,953
2,943,997
Federal
Realty
Investment
Trust
...........
92,429
8,779,831
Getty
Realty
Corp.
....................
64,539
1,783,858
InvenTrust
Properties
Corp.
..............
91,769
2,514,470
Kimco
Realty
Corp.
...................
817,444
17,182,673
Kite
Realty
Group
Trust
.................
259,179
5,870,404
Macerich
Co.
(The)
...................
303,406
4,909,109
NETSTREIT
Corp.
....................
102,182
1,729,941
NNN
REIT,
Inc.
......................
206,426
8,913,475
Phillips
Edison
&
Co.,
Inc.
...............
154,779
5,421,908
Realty
Income
Corp.
...................
1,050,365
60,511,528
Regency
Centers
Corp.
................
184,920
13,171,852
Saul
Centers,
Inc.
....................
26,743
913,006
Simon
Property
Group,
Inc.
..............
359,706
57,826,336
SITE
Centers
Corp.
...................
53,538
605,515
Tanger,
Inc.
.........................
131,574
4,023,533
Urban
Edge
Properties
.................
169,136
3,156,078
Whitestone
REIT
.....................
54,902
685,177
223,174,670
Semiconductors
&
Semiconductor
Equipment
—
11.5%
ACM
Research,
Inc.
,
Class
A
(a)
(b)
...........
60,376
1,563,738
Advanced
Micro
Devices,
Inc.
(a)
...........
1,903,449
270,099,413
Aehr
Test
Systems
(a)
(b)
..................
52,137
674,131
Allegro
MicroSystems,
Inc.
(a)
.............
150,131
5,132,979
Alpha
&
Omega
Semiconductor
Ltd.
(a)
.......
31,532
809,111
Ambarella,
Inc.
(a)
.....................
45,213
2,986,997
Amkor
Technology,
Inc.
.................
122,785
2,577,257
Analog
Devices,
Inc.
...................
581,719
138,460,756
Applied
Materials,
Inc.
.................
951,720
174,231,380
Astera
Labs,
Inc.
(a)
(b)
...................
24,828
2,244,948
Axcelis
Technologies,
Inc.
(a)
(b)
.............
38,461
2,680,347
Broadcom,
Inc.
......................
5,513,563
1,519,813,641
CEVA,
Inc.
(a)
(b)
.......................
34,715
763,036
Cirrus
Logic,
Inc.
(a)
....................
61,832
6,446,295
Cohu,
Inc.
(a)
........................
55,294
1,063,857
Credo
Technology
Group
Holding
Ltd.
(a)
......
172,132
15,937,702
Diodes,
Inc.
(a)
.......................
54,020
2,857,118
Enphase
Energy,
Inc.
(a)
.................
155,350
6,159,628
Entegris,
Inc.
........................
176,408
14,227,305
First
Solar,
Inc.
(a)
(b)
....................
125,928
20,846,121
FormFactor,
Inc.
(a)
....................
93,459
3,215,924
Ichor
Holdings
Ltd.
(a)
...................
48,423
951,028
Impinj,
Inc.
(a)
(b)
.......................
28,131
3,124,510
indie
Semiconductor,
Inc.
,
Class
A
(a)
(b)
.......
177,866
633,203
Intel
Corp.
.........................
5,118,194
114,647,546
KLA
Corp.
..........................
154,961
138,804,766
Kulicke
&
Soffa
Industries,
Inc.
............
70,054
2,423,868
Lam
Research
Corp.
..................
1,500,083
146,018,079
Lattice
Semiconductor
Corp.
(a)
............
162,058
7,939,221
MACOM
Technology
Solutions
Holdings,
Inc.
(a)
.
68,990
9,885,577
Marvell
Technology,
Inc.
................
1,013,180
78,420,132
Security
Shares
Shares
Value
Semiconductors
&
Semiconductor
Equipment
(continued)
MaxLinear,
Inc.
(a)
.....................
90,001
$
1,278,914
Microchip
Technology,
Inc.
...............
629,039
44,265,474
Micron
Technology,
Inc.
.................
1,310,702
161,544,021
MKS,
Inc.
..........................
79,503
7,899,418
Monolithic
Power
Systems,
Inc.
...........
55,793
40,805,884
Navitas
Semiconductor
Corp.
(a)
(b)
..........
193,787
1,269,305
NVE
Corp.
.........................
7,640
562,380
NVIDIA
Corp.
.......................
28,596,023
4,517,885,674
NXP
Semiconductors
NV
...............
295,742
64,616,670
ON
Semiconductor
Corp.
(a)
(b)
.............
492,320
25,802,491
Onto
Innovation,
Inc.
(a)
.................
58,418
5,896,129
PDF
Solutions,
Inc.
(a)
..................
38,560
824,413
Penguin
Solutions,
Inc.
(a)
(b)
...............
64,242
1,272,634
Photronics,
Inc.
(a)
.....................
75,295
1,417,805
Power
Integrations,
Inc.
................
66,177
3,699,294
Qorvo,
Inc.
(a)
........................
111,283
9,449,040
QUALCOMM,
Inc.
....................
1,285,224
204,684,774
Rambus,
Inc.
(a)
......................
126,340
8,088,287
Rigetti
Computing,
Inc.
(a)
(b)
...............
294,989
3,498,570
Semtech
Corp.
(a)
(b)
....................
98,227
4,433,967
Silicon
Laboratories,
Inc.
(a)
...............
40,734
6,002,562
SiTime
Corp.
(a)
(b)
.....................
22,250
4,741,030
Skyworks
Solutions,
Inc.
................
175,619
13,087,128
SolarEdge
Technologies,
Inc.
(a)
(b)
..........
65,763
1,341,565
Synaptics,
Inc.
(a)
.....................
49,791
3,227,453
Teradyne,
Inc.
.......................
189,581
17,047,124
Texas
Instruments,
Inc.
.................
1,064,365
220,983,461
Ultra
Clean
Holdings,
Inc.
(a)
..............
52,608
1,187,363
Universal
Display
Corp.
................
51,386
7,937,082
Veeco
Instruments,
Inc.
(a)
(b)
..............
74,555
1,514,958
8,081,904,484
Software
—
11.2%
8x8,
Inc.
(a)
..........................
200,793
393,554
A10
Networks,
Inc.
....................
81,497
1,576,967
ACI
Worldwide,
Inc.
(a)
..................
128,267
5,888,738
Adeia,
Inc.
.........................
139,867
1,977,719
Adobe,
Inc.
(a)
........................
499,580
193,277,510
Agilysys,
Inc.
(a)
......................
26,389
3,025,235
Alarm.com
Holdings,
Inc.
(a)
..............
58,740
3,322,922
Alkami
Technology,
Inc.
(a)
(b)
..............
87,135
2,626,249
Amplitude,
Inc.
,
Class
A
(a)
...............
112,567
1,395,831
ANSYS,
Inc.
(a)
.......................
102,416
35,970,548
Appfolio,
Inc.
,
Class
A
(a)
................
27,024
6,223,087
Appian
Corp.
,
Class
A
(a)
................
60,311
1,800,886
AppLovin
Corp.
,
Class
A
(a)
...............
259,787
90,946,233
Asana,
Inc.
,
Class
A
(a)
..................
103,294
1,394,469
Atlassian
Corp.
,
Class
A
(a)
...............
194,390
39,478,665
Aurora
Innovation,
Inc.
,
Class
A
(a)
(b)
.........
1,232,930
6,460,553
Autodesk,
Inc.
(a)
......................
250,433
77,526,544
AvePoint,
Inc.
,
Class
A
(a)
(b)
...............
139,110
2,686,214
Bentley
Systems,
Inc.
,
Class
B
............
187,195
10,102,914
BILL
Holdings,
Inc.
(a)
...................
114,739
5,307,826
Blackbaud,
Inc.
(a)
.....................
50,190
3,222,700
BlackLine,
Inc.
(a)
(b)
....................
59,593
3,374,156
Blend
Labs,
Inc.
,
Class
A
(a)
(b)
.............
228,366
753,608
Box,
Inc.
,
Class
A
(a)
...................
169,855
5,803,945
Braze,
Inc.
,
Class
A
(a)
..................
85,682
2,407,664
C3.ai,
Inc.
,
Class
A
(a)
(b)
.................
147,202
3,616,753
Cadence
Design
Systems,
Inc.
(a)
..........
320,822
98,861,299
CCC
Intelligent
Solutions
Holdings,
Inc.
(a)
(b)
....
564,972
5,316,387
Cerence,
Inc.
(a)
(b)
.....................
50,524
515,850
Cipher
Mining,
Inc.
(a)
(b)
..................
283,132
1,353,371
Circle
Internet
Group,
Inc.
(a)
(b)
.............
41,900
7,596,051
Cleanspark,
Inc.
(a)
(b)
...................
347,595
3,833,973
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Core
S&P
Total
U.S.
Stock
Market
ETF
19
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Software
(continued)
Clear
Secure,
Inc.
,
Class
A
..............
106,683
$
2,961,520
Clearwater
Analytics
Holdings,
Inc.
,
Class
A
(a)
..
281,186
6,166,409
Commvault
Systems,
Inc.
(a)
..............
50,687
8,836,265
Confluent,
Inc.
,
Class
A
(a)
(b)
..............
341,883
8,523,143
Consensus
Cloud
Solutions,
Inc.
(a)
.........
24,799
571,865
Core
Scientific,
Inc.
(a)
(b)
.................
354,917
6,058,433
Crowdstrike
Holdings,
Inc.
,
Class
A
(a)
........
292,585
149,016,466
Datadog,
Inc.
,
Class
A
(a)
................
376,978
50,639,455
Digimarc
Corp.
(a)
(b)
....................
22,394
295,825
Digital
Turbine,
Inc.
(a)
(b)
.................
138,585
817,651
DocuSign,
Inc.
(a)
.....................
237,101
18,467,797
Dolby
Laboratories,
Inc.
,
Class
A
..........
68,509
5,087,478
Domo,
Inc.
,
Class
B
(a)
..................
53,039
740,955
Dropbox,
Inc.
,
Class
A
(a)
................
229,827
6,573,052
D-Wave
Quantum,
Inc.
(a)
(b)
...............
319,159
4,672,488
Dynatrace,
Inc.
(a)
.....................
353,592
19,521,814
E2open
Parent
Holdings,
Inc.
,
Class
A
(a)
.....
237,334
766,589
Elastic
NV
(a)
........................
104,353
8,800,088
Exodus
Movement,
Inc.
,
Class
A
(a)
(b)
........
6,533
188,346
Fair
Isaac
Corp.
(a)
.....................
28,591
52,263,204
Five9,
Inc.
(a)
(b)
.......................
94,421
2,500,268
Fortinet,
Inc.
(a)
.......................
745,308
78,793,962
Freshworks,
Inc.
,
Class
A
(a)
(b)
.............
241,895
3,606,654
Gen
Digital,
Inc.
......................
634,191
18,645,215
Gitlab,
Inc.
,
Class
A
(a)
(b)
.................
153,200
6,910,852
Guidewire
Software,
Inc.
(a)
...............
98,504
23,192,767
HubSpot,
Inc.
(a)
......................
62,025
34,524,976
Hut
8
Corp.
(a)
(b)
......................
103,332
1,921,975
I3
Verticals,
Inc.
,
Class
A
(a)
(b)
.............
29,281
804,642
Informatica,
Inc.
,
Class
A
(a)
..............
96,635
2,353,062
Intapp,
Inc.
(a)
........................
65,076
3,359,223
InterDigital,
Inc.
(b)
.....................
28,960
6,493,701
Intuit,
Inc.
..........................
328,279
258,562,389
Jamf
Holding
Corp.
(a)
..................
82,613
785,650
Klaviyo,
Inc.
,
Class
A
(a)
(b)
................
126,250
4,239,475
LiveRamp
Holdings,
Inc.
(a)
...............
85,270
2,817,321
Manhattan
Associates,
Inc.
(a)
.............
72,088
14,235,217
MARA
Holdings,
Inc.
(a)
(b)
................
405,555
6,359,102
Meridianlink,
Inc.
(a)
(b)
...................
39,914
647,804
Microsoft
Corp.
......................
8,713,988
4,334,424,771
MicroStrategy,
Inc.
,
Class
A
(a)
(b)
............
297,664
120,324,719
Mitek
Systems,
Inc.
(a)
(b)
.................
74,939
741,896
N-able,
Inc.
(a)
........................
97,413
789,045
nCino,
Inc.
(a)
(b)
.......................
113,873
3,185,028
NCR
Voyix
Corp.
(a)
(b)
...................
204,904
2,403,524
NextNav,
Inc.
(a)
......................
69,108
1,050,442
Nutanix,
Inc.
,
Class
A
(a)
.................
291,775
22,303,281
Olo,
Inc.
,
Class
A
(a)
....................
154,723
1,377,035
ON24,
Inc.
(a)
........................
102,523
556,700
OneSpan,
Inc.
.......................
46,050
768,575
Onestream,
Inc.
(a)
(b)
...................
98,209
2,779,315
Ooma,
Inc.
(a)
........................
50,889
656,468
Oracle
Corp.
........................
1,906,755
416,873,846
PagerDuty,
Inc.
(a)
.....................
116,642
1,782,290
Palantir
Technologies,
Inc.
,
Class
A
(a)
.......
2,494,632
340,068,234
Palo
Alto
Networks,
Inc.
(a)
(b)
..............
774,309
158,454,594
Pegasystems,
Inc.
(b)
...................
106,314
5,754,777
Porch
Group,
Inc.
(a)
(b)
..................
152,320
1,795,853
Procore
Technologies,
Inc.
(a)
(b)
............
126,464
8,652,667
Progress
Software
Corp.
................
52,544
3,354,409
PROS
Holdings,
Inc.
(a)
.................
51,241
802,434
PTC,
Inc.
(a)
(b)
........................
139,677
24,071,934
Q2
Holdings,
Inc.
(a)
....................
72,878
6,820,652
Qualys,
Inc.
(a)
.......................
43,754
6,251,134
Rapid7,
Inc.
(a)
(b)
......................
73,616
1,702,738
Security
Shares
Shares
Value
Software
(continued)
Red
Violet,
Inc.
......................
18,674
$
918,761
RingCentral,
Inc.
,
Class
A
(a)
..............
99,131
2,810,364
Riot
Platforms,
Inc.
(a)
(b)
.................
370,441
4,185,983
Roper
Technologies,
Inc.
................
124,188
70,394,726
Rubrik,
Inc.
,
Class
A
(a)
(b)
.................
145,583
13,042,781
SailPoint,
Inc.
(a)
(b)
.....................
72,981
1,668,346
Salesforce,
Inc.
......................
1,123,964
306,493,743
Samsara,
Inc.
,
Class
A
(a)
(b)
...............
332,966
13,245,387
SEMrush
Holdings,
Inc.
,
Class
A
(a)
.........
45,495
411,730
SentinelOne,
Inc.
,
Class
A
(a)
..............
386,852
7,071,655
ServiceNow,
Inc.
(a)
....................
242,647
249,460,528
ServiceTitan,
Inc.
,
Class
A
(a)
..............
11,639
1,247,468
SoundHound
AI,
Inc.
,
Class
A
(a)
(b)
..........
439,400
4,714,762
Sprinklr,
Inc.
,
Class
A
(a)
.................
132,041
1,117,067
Sprout
Social,
Inc.
,
Class
A
(a)
.............
66,458
1,389,637
SPS
Commerce,
Inc.
(a)
.................
45,115
6,139,700
SRAX,
Inc.
(a)
(b)
.......................
10,903
654
Synopsys,
Inc.
(a)
(b)
....................
181,437
93,019,121
Tenable
Holdings,
Inc.
(a)
................
144,757
4,889,891
Teradata
Corp.
(a)
.....................
120,705
2,692,929
Terawulf,
Inc.
(a)
(b)
.....................
382,219
1,674,119
Tyler
Technologies,
Inc.
(a)
...............
50,028
29,658,600
UiPath,
Inc.
,
Class
A
(a)
(b)
................
504,386
6,456,141
Unity
Software,
Inc.
(a)
(b)
.................
359,617
8,702,731
Varonis
Systems,
Inc.
(a)
(b)
................
134,182
6,809,736
Verint
Systems,
Inc.
(a)
(b)
.................
71,224
1,400,976
Vertex,
Inc.
,
Class
A
(a)
(b)
.................
62,693
2,215,257
Weave
Communications,
Inc.
(a)
...........
49,280
410,010
Workday,
Inc.
,
Class
A
(a)
................
253,435
60,824,400
Workiva,
Inc.
,
Class
A
(a)
(b)
...............
61,254
4,192,836
Xperi,
Inc.
(a)
(b)
.......................
51,058
403,869
Yext,
Inc.
(a)
.........................
131,319
1,116,212
Zeta
Global
Holdings
Corp.
,
Class
A
(a)
.......
238,749
3,698,222
Zoom
Communications,
Inc.
,
Class
A
(a)
......
305,448
23,818,835
Zscaler,
Inc.
(a)
(b)
......................
113,249
35,553,391
7,889,358,448
Specialized
REITs
—
0.9%
American
Tower
Corp.
.................
547,057
120,910,538
Crown
Castle,
Inc.
....................
513,224
52,723,502
CubeSmart
.........................
260,725
11,080,812
Digital
Realty
Trust,
Inc.
................
372,354
64,912,473
EPR
Properties
......................
93,897
5,470,439
Equinix,
Inc.
........................
114,555
91,125,066
Extra
Space
Storage,
Inc.
...............
247,755
36,528,997
Farmland
Partners,
Inc.
................
81,258
935,280
Four
Corners
Property
Trust,
Inc.
..........
135,118
3,636,025
Gaming
&
Leisure
Properties,
Inc.
.........
320,928
14,980,919
Gladstone
Land
Corp.
.................
52,330
532,196
Iron
Mountain,
Inc.
....................
345,855
35,474,347
Lamar
Advertising
Co.
,
Class
A
...........
102,414
12,428,963
Millrose
Properties,
Inc.
,
Class
A
...........
144,494
4,119,524
National
Storage
Affiliates
Trust
...........
87,481
2,798,517
Outfront
Media,
Inc.
...................
183,850
3,000,432
PotlatchDeltic
Corp.
...................
87,923
3,373,606
Public
Storage
.......................
184,838
54,235,166
Rayonier,
Inc.
.......................
165,581
3,672,587
Safehold,
Inc.
.......................
70,099
1,090,740
SBA
Communications
Corp.
.............
125,880
29,561,659
Smartstop
Self
Storage
REIT,
Inc.
..........
38,703
1,402,210
Uniti
Group,
Inc.
(a)
....................
300,062
1,296,268
VICI
Properties,
Inc.
...................
1,225,420
39,948,692
Weyerhaeuser
Co.
....................
852,900
21,911,001
617,149,959
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Core
S&P
Total
U.S.
Stock
Market
ETF
20
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Specialty
Retail
—
1.9%
Abercrombie
&
Fitch
Co.
,
Class
A
(a)
(b)
........
59,202
$
4,904,886
Academy
Sports
&
Outdoors,
Inc.
(b)
.........
79,715
3,572,029
Advance
Auto
Parts,
Inc.
................
69,108
3,212,831
American
Eagle
Outfitters,
Inc.
............
220,840
2,124,481
America's
Car-Mart,
Inc.
(a)
(b)
..............
8,415
471,577
Arhaus,
Inc.
,
Class
A
(a)
.................
56,571
490,471
Arko
Corp.
.........................
97,305
411,600
Asbury
Automotive
Group,
Inc.
(a)
...........
23,686
5,650,058
AutoNation,
Inc.
(a)
.....................
29,313
5,823,027
AutoZone,
Inc.
(a)
.....................
19,636
72,893,348
Bath
&
Body
Works,
Inc.
................
258,659
7,749,424
Best
Buy
Co.,
Inc.
....................
226,082
15,176,885
Boot
Barn
Holdings,
Inc.
(a)
...............
35,449
5,388,248
Buckle,
Inc.
(The)
....................
35,685
1,618,315
Build-A-Bear
Workshop,
Inc.
.............
18,071
931,741
Burlington
Stores,
Inc.
(a)
................
74,197
17,261,190
Caleres,
Inc.
........................
43,776
534,943
Camping
World
Holdings,
Inc.
,
Class
A
......
69,990
1,203,128
CarMax,
Inc.
(a)
.......................
174,205
11,708,318
Carvana
Co.
,
Class
A
(a)
(b)
................
146,042
49,210,312
Chewy,
Inc.
,
Class
A
(a)
.................
257,344
10,968,001
Children's
Place,
Inc.
(The)
(a)
.............
14,707
65,152
Dick's
Sporting
Goods,
Inc.
..............
66,099
13,075,043
EVgo,
Inc.
,
Class
A
(a)
(b)
.................
155,949
569,214
Five
Below,
Inc.
(a)
.....................
65,283
8,563,824
Floor
&
Decor
Holdings,
Inc.
,
Class
A
(a)
......
124,445
9,452,842
Foot
Locker,
Inc.
(a)
....................
98,113
2,403,769
GameStop
Corp.
,
Class
A
(a)
(b)
.............
477,074
11,635,835
Gap,
Inc.
(The)
......................
260,857
5,689,291
GCI
Liberty,
Inc.,
Escrow
(a)
(d)
.............
83,651
1
Genesco,
Inc.
(a)
(b)
.....................
18,019
354,794
Group
1
Automotive,
Inc.
(b)
...............
14,634
6,390,814
Guess?,
Inc.
........................
60,125
726,911
Haverty
Furniture
Cos.,
Inc.
..............
19,259
391,921
Home
Depot,
Inc.
(The)
................
1,165,446
427,299,121
Leslie's,
Inc.
(a)
.......................
314,654
132,123
Lithia
Motors,
Inc.
,
Class
A
..............
31,134
10,517,688
Lowe's
Cos.,
Inc.
.....................
655,610
145,460,191
MarineMax,
Inc.
(a)
.....................
23,082
580,282
Monro,
Inc.
.........................
40,817
608,582
Murphy
USA,
Inc.
....................
20,835
8,475,678
National
Vision
Holdings,
Inc.
(a)
...........
93,427
2,149,755
ODP
Corp.
(The)
(a)
(b)
...................
38,379
695,811
O'Reilly
Automotive,
Inc.
(a)
(b)
..............
1,000,994
90,219,589
Penske
Automotive
Group,
Inc.
...........
22,990
3,949,912
Petco
Health
&
Wellness
Co.,
Inc.
(a)
(b)
.......
164,039
464,230
PetMed
Express,
Inc.
(a)
.................
75,407
250,351
RealReal,
Inc.
(The)
(a)
(b)
.................
137,695
659,559
Revolve
Group,
Inc.
,
Class
A
(a)
(b)
...........
45,282
907,904
RH
(a)
(b)
............................
17,743
3,353,604
Ross
Stores,
Inc.
.....................
384,266
49,024,656
Sally
Beauty
Holdings,
Inc.
(a)
(b)
............
123,954
1,147,814
Shoe
Carnival,
Inc.
....................
28,978
542,178
Signet
Jewelers
Ltd.
...................
50,041
3,980,762
Sonic
Automotive,
Inc.
,
Class
A
...........
19,588
1,565,669
Stitch
Fix,
Inc.
,
Class
A
(a)
(b)
...............
162,668
601,872
ThredUp,
Inc.
,
Class
A
(a)
................
132,537
992,702
TJX
Cos.,
Inc.
(The)
...................
1,304,194
161,054,917
Tractor
Supply
Co.
....................
622,651
32,857,293
Ulta
Beauty,
Inc.
(a)
....................
52,930
24,761,713
Upbound
Group,
Inc.
..................
61,215
1,536,497
Urban
Outfitters,
Inc.
(a)
.................
63,966
4,640,094
Valvoline,
Inc.
(a)
(b)
.....................
152,452
5,773,357
Victoria's
Secret
&
Co.
(a)
(b)
...............
93,289
1,727,712
Warby
Parker,
Inc.
,
Class
A
(a)
(b)
............
116,043
2,544,823
Security
Shares
Shares
Value
Specialty
Retail
(continued)
Wayfair,
Inc.
,
Class
A
(a)
(b)
................
125,658
$
6,426,150
Williams-Sonoma,
Inc.
.................
144,189
23,556,157
Winmark
Corp.
......................
2,925
1,104,509
Zumiez,
Inc.
(a)
.......................
31,663
419,851
1,300,607,330
Technology
Hardware,
Storage
&
Peripherals
—
5.5%
Apple,
Inc.
.........................
17,514,433
3,593,436,219
CompoSecure,
Inc.
,
Class
A
(a)
............
61,871
871,762
Corsair
Gaming,
Inc.
(a)
.................
80,169
755,994
Dell
Technologies,
Inc.
,
Class
C
...........
352,299
43,191,857
Diebold
Nixdorf,
Inc.
(a)
(b)
.................
43,494
2,409,568
Eastman
Kodak
Co.
(a)
(b)
.................
113,400
640,710
Hewlett
Packard
Enterprise
Co.
...........
1,540,919
31,511,794
HP,
Inc.
...........................
1,104,592
27,018,320
Immersion
Corp.
.....................
61,117
481,602
IonQ,
Inc.
(a)
(b)
........................
266,642
11,457,607
NetApp,
Inc.
........................
240,094
25,582,016
Pure
Storage,
Inc.
,
Class
A
(a)
(b)
............
366,056
21,077,504
Quantum
Computing,
Inc.
(a)
(b)
.............
132,882
2,547,348
Sandisk
Corp.
(a)
......................
157,172
7,127,750
Seagate
Technology
Holdings
plc
..........
249,907
36,069,077
Super
Micro
Computer,
Inc.
(a)
(b)
............
603,431
29,574,153
Western
Digital
Corp.
..................
414,016
26,492,884
Xerox
Holdings
Corp.
..................
135,669
714,976
3,860,961,141
Textiles,
Apparel
&
Luxury
Goods
—
0.3%
Capri
Holdings
Ltd.
(a)
(b)
.................
136,884
2,422,847
Carter's,
Inc.
........................
42,431
1,278,446
Columbia
Sportswear
Co.
...............
37,914
2,315,787
Crocs,
Inc.
(a)
(b)
.......................
65,745
6,658,654
Deckers
Outdoor
Corp.
(a)
................
177,257
18,269,879
Figs,
Inc.
,
Class
A
(a)
(b)
..................
152,873
862,204
G-III
Apparel
Group
Ltd.
(a)
...............
51,687
1,157,789
Hanesbrands,
Inc.
(a)
...................
417,488
1,912,095
Kontoor
Brands,
Inc.
...................
59,049
3,895,463
Levi
Strauss
&
Co.
,
Class
A
..............
123,974
2,292,279
Lululemon
Athletica,
Inc.
(a)
...............
129,548
30,778,014
Movado
Group,
Inc.
...................
23,370
356,392
NIKE,
Inc.
,
Class
B
...................
1,382,257
98,195,537
Oxford
Industries,
Inc.
.................
18,480
743,820
PVH
Corp.
(b)
........................
56,134
3,850,792
Ralph
Lauren
Corp.
,
Class
A
.............
46,511
12,757,037
Skechers
USA,
Inc.
,
Class
A
(a)
............
154,210
9,730,651
Steven
Madden
Ltd.
...................
86,694
2,078,922
Tapestry,
Inc.
........................
244,434
21,463,750
Under
Armour,
Inc.
,
Class
A
(a)
(b)
...........
167,462
1,143,765
Under
Armour,
Inc.
,
Class
C,
NVS
(a)
........
226,836
1,472,166
VF
Corp.
..........................
393,271
4,620,934
Wolverine
World
Wide,
Inc.
..............
95,253
1,722,174
229,979,397
Tobacco
—
0.6%
Altria
Group,
Inc.
.....................
1,969,911
115,495,882
Philip
Morris
International,
Inc.
............
1,825,946
332,559,545
Turning
Point
Brands,
Inc.
...............
22,301
1,689,747
Universal
Corp.
......................
28,861
1,680,864
451,426,038
Trading
Companies
&
Distributors
—
0.5%
Air
Lease
Corp.
,
Class
A
................
124,437
7,278,320
Alta
Equipment
Group,
Inc.
,
Class
A
........
49,723
314,249
Applied
Industrial
Technologies,
Inc.
........
44,346
10,308,228
BlueLinx
Holdings,
Inc.
(a)
(b)
...............
10,110
751,982
Boise
Cascade
Co.
...................
45,113
3,916,711
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Core
S&P
Total
U.S.
Stock
Market
ETF
21
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Trading
Companies
&
Distributors
(continued)
Core
&
Main,
Inc.
,
Class
A
(a)
..............
225,398
$
13,602,769
Custom
Truck
One
Source,
Inc.
(a)
(b)
.........
113,529
560,833
Distribution
Solutions
Group,
Inc.
(a)
(b)
........
19,882
546,159
DNOW,
Inc.
(a)
.......................
124,356
1,844,199
DXP
Enterprises,
Inc.
(a)
(b)
................
16,977
1,488,034
Fastenal
Co.
........................
1,346,421
56,549,682
Ferguson
Enterprises,
Inc.
...............
233,147
50,767,759
FTAI
Aviation
Ltd.
.....................
122,104
14,046,844
GATX
Corp.
........................
41,769
6,414,048
Global
Industrial
Co.
...................
21,095
569,776
GMS,
Inc.
(a)
.........................
49,044
5,333,535
Herc
Holdings,
Inc.
....................
38,701
5,096,535
Hudson
Technologies,
Inc.
(a)
.............
56,529
459,015
McGrath
RentCorp
....................
29,330
3,401,107
MRC
Global,
Inc.
(a)
....................
118,187
1,620,344
MSC
Industrial
Direct
Co.,
Inc.
,
Class
A
......
51,738
4,398,765
NPK
International,
Inc.
(a)
................
115,775
985,245
QXO,
Inc.
(a)
(b)
........................
452,149
9,739,289
Rush
Enterprises,
Inc.
,
Class
A
...........
61,033
3,143,810
Rush
Enterprises,
Inc.
,
Class
B
...........
24,660
1,294,157
SiteOne
Landscape
Supply,
Inc.
(a)
..........
54,088
6,541,403
Titan
Machinery,
Inc.
(a)
(b)
................
28,790
570,330
Transcat,
Inc.
(a)
(b)
.....................
10,147
872,236
United
Rentals,
Inc.
...................
76,494
57,630,580
Watsco,
Inc.
........................
40,254
17,776,971
WESCO
International,
Inc.
...............
52,365
9,697,998
Willis
Lease
Finance
Corp.
..............
3,137
447,901
WW
Grainger,
Inc.
....................
50,743
52,784,898
Xometry,
Inc.
,
Class
A
(a)
(b)
...............
53,535
1,808,948
352,562,660
Water
Utilities
—
0.1%
American
States
Water
Co.
..............
55,419
4,248,421
American
Water
Works
Co.,
Inc.
...........
229,571
31,935,622
Artesian
Resources
Corp.
,
Class
A,
NVS
.....
16,482
553,136
California
Water
Service
Group
...........
69,205
3,147,443
Consolidated
Water
Co.
Ltd.
.............
17,057
512,051
Essential
Utilities,
Inc.
..................
305,776
11,356,521
H2O
America
.......................
40,588
2,109,358
Middlesex
Water
Co.
..................
21,040
1,139,947
York
Water
Co.
(The)
..................
23,837
753,249
55,755,748
Wireless
Telecommunication
Services
—
0.2%
Gogo,
Inc.
(a)
(b)
.......................
80,820
1,186,438
Telephone
&
Data
Systems,
Inc.
...........
114,276
4,065,940
T-Mobile
US,
Inc.
.....................
559,308
133,260,724
United
States
Cellular
Corp.
(a)
(b)
...........
17,090
1,093,247
139,606,349
Total
Common
Stocks
—
99
.8
%
(Cost:
$
43,759,146,145
)
............................
70,127,562,075
Rights
Biotechnology
—
0.0%
(a)
Contra
Aduro
Biotech
I,
CVR
(d)
...........
4,142
1,988
Contra
Miragen
Therape,
CVR
(d)
..........
119
—
Dianthus
Therapeutics,
Inc.,
CVR
.........
19,942
977
Gyre
Therapeutics,
Inc.,
CVR
(d)
...........
7,839
—
Neurogene,
Inc.,
CVR
(d)
................
10
—
Oncternal
Therapeutics,
Inc.,
CVR
(b)
(d)
.......
722
740
Qualigen
Therapeutics,
Inc.,
CVR
(b)
(d)
.......
14,465
—
Sanofi
Aatd,
Inc.,
CVR
(d)
................
34,925
40,164
Spyre
Therapeutics,
Inc.,
CVR
(d)
..........
33,740
—
Sting
Agonist,
CVR
(d)
..................
11,084
3,768
Security
Shares
Shares
Value
Biotechnology
(continued)
Sting
Antagonist,
CVR
.................
11,084
$
4,434
52,071
Diversified
Telecommunication
Services
—
0.0%
Contra
Communications,
CVR
(a)
(d)
.........
2,058
248
Financial
Services
—
0.0%
Contra
Costa
County
Board
of
Education,
CVR
(a)
266
37
Pharmaceuticals
—
0.0%
(a)
Contra
CVR
Bioblast
PH,
CVR
(b)
(d)
.........
167,980
2
Contra
Spectrum
Pharmaals,
Inc.,
CVR
.....
146,012
10,330
Seelos
Therapeutics,
Inc.,
CVR
...........
43
24
10,356
Total
Rights
—
0.0
%
(Cost:
$
36,885
)
.................................
62,712
Warrants
Electronic
Equipment,
Instruments
&
Components
—
0.0
%
M-Tron
Industries,
Inc.
(
Issued/Exercisable
02/28/25
,
1
Share
for
1
Warrant,
Expires
03/11/28
,
Strike
Price
USD
47.50
)
(a)
(b)
.....
6,110
6,332
Total
Warrants
—
0.0
%
(Cost:
$
—
)
.....................................
6,332
Total
Long-Term
Investments
—
99.8%
(Cost:
$
43,759,183,030
)
............................
70,127,631,119
Short-Term
Securities
Money
Market
Funds
—
1.7%
(e)(f)
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
,
4.47
%
(g)
...................
1,114,124,925
1,114,570,575
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
,
4.30
%
....................
109,885,741
109,885,741
Total
Short-Term
Securities
—
1
.7
%
(Cost:
$
1,223,902,392
)
............................
1,224,456,316
Total
Investments
—
101
.5
%
(Cost:
$
44,983,085,422
)
............................
71,352,087,435
Liabilities
in
Excess
of
Other
Assets
—
(
1.5
)
%
.............
(
1,066,881,060
)
Net
Assets
—
100.0%
...............................
$
70,285,206,375
(a)
Non-income
producing
security.
(b)
All
or
a
portion
of
this
security
is
on
loan.
(c)
This
security
may
be
resold
to
qualified
foreign
investors
and
foreign
institutional
buyers
under
Regulation
S
of
the
Securities
Act
of
1933.
(d)
Security
is
valued
using
significant
unobservable
inputs
and
is
classified
as
Level
3
in
the
fair
value
hierarchy.
(e)
Affiliate
of
the
Fund.
(f)
Annualized
7-day
yield
as
of
period
end.
(g)
All
or
a
portion
of
this
security
was
purchased
with
the
cash
collateral
from
loaned
securities.
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Core
S&P
Total
U.S.
Stock
Market
ETF
22
Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the period
ended
June
30,
2025
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
Affiliated
Issuer
Value
at
03/31/25
Purchases
at
Cost
Proceeds
from
Sales
Net
Realized
Gain
(Loss)
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
06/30/25
Shares
Held
at
06/30/25
Income
Capital
Gain
Distributions
from
Underlying
Funds
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
..............
$
1,019,455,145
$
95,207,403
(a)
$
—
$
(
22,237
)
$
(
69,736
)
$
1,114,570,575
1,114,124,925
$
1,137,872
(b)
$
—
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
113,818,682
—
(
3,932,941
)
(a)
—
—
109,885,741
109,885,741
1,240,651
—
BlackRock,
Inc.
..........
157,187,612
7,612,843
(
3,841,109
)
2,072,506
16,227,264
179,259,116
170,845
893,770
—
$
2,050,269
$
16,157,528
$
1,403,715,432
$
3,272,293
$
—
—
—
(a)
Represents
net
amount
purchased
(sold).
(b)
All
or
a
portion
represents
securities
lending
income
earned
from
the
reinvestment
of
cash
collateral
from
loaned
securities,
net
of
collateral
investment
fees,
and
other
payments
to
and
from
borrowers
of
securities.
Derivative
Financial
Instruments
Outstanding
as
of
Period
End
Futures
Contracts
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value/
Unrealized
Appreciation
(Depreciation)
Long
Contracts
S&P
500
E-Mini
Index
.......................................................
409
09/19/25
$
127,889
$
2,721,986
S&P
Midcap
400
E-Mini
Index
.................................................
70
09/19/25
21,879
311,924
$
3,033,910
Schedule
of
Investments
(unaudited)
(continued)
June
30,
2025
iShares
®
Core
S&P
Total
U.S.
Stock
Market
ETF
23
Fair
Value
Hierarchy
as
of
Period
End
Various
inputs
are
used
in
determining
the
fair
value
of
financial
instruments
at
the
measurement
date.
These
inputs
to
valuation
techniques
are
categorized
into
a
fair
value
hierarchy
consisting
of
three
broad
levels
for
financial
reporting
purposes
as
follows:
Level
1
—
Unadjusted
price
quotations
in
active
markets/exchanges
that
the
Fund
has
the
ability
to
access
for
identical
assets
or
liabilities;
Level
2
—
Inputs
other
than
quoted
prices
included
within
Level
1
that
are
observable
for
the
asset
or
liability,
either
directly
or
indirectly;
and
Level
3
—
Inputs
that
are
unobservable
and
significant
to
the
entire
fair
value
measurement
for
the
asset
or
liability
(including
the
Valuation
Committee's
assumptions
used
in
determining
the
fair
value
of
financial
instruments).
The
hierarchy
gives
the
highest
priority
to
unadjusted
quoted
prices
in
active
markets
for
identical
assets
or
liabilities
(Level
1
measurements)
and
the
lowest
priority
to
unobservable
inputs
(Level
3
measurements).
Accordingly,
the
degree
of
judgment
exercised
in
determining
fair
value
is
greatest
for
instruments
categorized
in
Level
3.
The
inputs
used
to
measure
fair
value
may
fall
into
different
levels
of
the
fair
value
hierarchy.
In
such
cases,
for
disclosure
purposes,
the
fair
value
hierarchy
classification
is
determined
based
on
the
lowest
level
input
that
is
significant
to
the
fair
value
measurement
in
its
entirety.
Investments
classified
within
Level
3
have
significant
unobservable
inputs
used
by
the
Valuation
Committee
in
determining
the
price
for
Fair
Valued
Investments.
Level
3
investments
include
equity
or
debt
issued
by
privately
held
companies
or
funds,
that
may
not have
a
secondary
market,
and/
or
may
have
a
limited
number
of
investors.
The
categorization
of
a
value
determined
for
financial
instruments
is
based
on
the
pricing
transparency
of
the
financial
instruments
and
is
not
necessarily
an
indication
of
the
risks
associated
with
investing
in
those
securities.
For
information
about
the
Fund’s
policy
regarding
valuation
of
financial
instruments,
refer
to
its
most
recent
financial
statements.
The
following
table
summarizes
the
Fund’s
financial
instruments
categorized
in
the
fair
value
hierarchy.
The
breakdown
of
the
Fund's
financial
instruments
into
major
categories
is
disclosed
in
the
Schedule
of
Investments
above.
Level
1
Level
2
Level
3
Total
Assets
Investments
Long-Term
Investments
Common
Stocks
.........................................
$
70,127,561,419
$
654
$
2
$
70,127,562,075
Rights
................................................
—
15,802
46,910
62,712
Warrants
..............................................
6,332
—
—
6,332
Short-Term
Securities
Money
Market
Funds
......................................
1,224,456,316
—
—
1,224,456,316
$
71,352,024,067
$
16,456
$
46,912
$
71,352,087,435
Derivative
Financial
Instruments
(a)
Assets
Equity
contracts
...........................................
$
3,033,910
$
—
$
—
$
3,033,910
(a)
Derivative
financial
instruments
are
futures
contracts.
Futures
contracts
are
valued
at
the
unrealized
appreciation
(depreciation)
on
the
instrument.
Currency
Abbreviation
USD
United
States
Dollar
Portfolio
Abbreviation
ADR
American
Depositary
Receipts
CVR
Contingent
Value
Rights
MSCI
Morgan
Stanley
Capital
International
Nasdaq
National
Association
of
Securities
Dealers
Automated
Quotations
NVS
Non-Voting
Shares
REIT
Real
Estate
Investment
Trust