NPORT-EX 2 iShares_US_TIF_ETF.htm PART F
Schedule
of
Investments
(unaudited)
April
30,
2025
iShares
®
U.S.
Tech
Independence
Focused
ETF
1
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Common
Stocks
Aerospace
&
Defense
—
1.9%
Boeing
Co.
(The)
(a)
....................
40,253
$
7,375,960
Lockheed
Martin
Corp.
.................
2,251
1,075,415
8,451,375
Automobiles
—
0.0%
Rivian
Automotive,
Inc.
,
Class
A
(a)
(b)
.........
2,894
39,532
Biotechnology
—
0.0%
GRAIL,
Inc.
(a)
(b)
......................
275
9,486
Broadline
Retail
—
7.7%
(a)
Amazon.com,
Inc.
....................
183,054
33,758,819
Coupang,
Inc.
,
Class
A
.................
11,317
264,478
34,023,297
Capital
Markets
—
3.3%
Coinbase
Global,
Inc.
,
Class
A
(a)
...........
2,573
522,036
FactSet
Research
Systems,
Inc.
...........
3,864
1,670,098
Intercontinental
Exchange,
Inc.
...........
51,232
8,605,439
Moody's
Corp.
.......................
6,349
2,876,859
Nasdaq,
Inc.
........................
10,811
823,906
14,498,338
Communications
Equipment
—
3.8%
Arista
Networks,
Inc.
(a)
.................
30,480
2,507,590
Cisco
Systems,
Inc.
...................
203,807
11,765,778
Juniper
Networks,
Inc.
.................
6,261
227,399
Motorola
Solutions,
Inc.
................
5,377
2,367,977
16,868,744
Electrical
Equipment
—
0.1%
Rockwell
Automation,
Inc.
...............
11
2,724
Vertiv
Holdings
Co.
,
Class
A
(b)
............
4,384
374,306
377,030
Electronic
Equipment,
Instruments
&
Components
—
2.3%
CDW
Corp.
.........................
41,373
6,642,849
Keysight
Technologies,
Inc.
(a)
.............
24,253
3,526,386
10,169,235
Energy
Equipment
&
Services
—
0.1%
Schlumberger
NV
....................
9,659
321,162
Entertainment
—
0.1%
ROBLOX
Corp.
,
Class
A
(a)
...............
9,793
656,621
Financial
Services
—
1.2%
Block,
Inc.
,
Class
A
(a)
..................
4,267
249,491
Global
Payments,
Inc.
.................
33,880
2,585,383
Mastercard,
Inc.
,
Class
A
................
3,778
2,070,571
Visa,
Inc.
,
Class
A
....................
1,307
451,568
5,357,013
Ground
Transportation
—
0.9%
Uber
Technologies,
Inc.
(a)
...............
48,482
3,927,527
Health
Care
Equipment
&
Supplies
—
0.0%
Align
Technology,
Inc.
(a)
.................
11
1,906
Health
Care
Technology
—
0.1%
Veeva
Systems,
Inc.
,
Class
A
(a)
...........
2,416
564,595
Hotels,
Restaurants
&
Leisure
—
0.3%
(a)
Airbnb,
Inc.
,
Class
A
...................
2,922
356,250
DoorDash,
Inc.
,
Class
A
................
4,209
811,874
1,168,124
Security
Shares
Shares
Value
Household
Products
—
0.0%
Colgate-Palmolive
Co.
.................
2,168
$
199,868
Insurance
—
0.2%
Aon
plc
,
Class
A
.....................
476
168,880
Marsh
&
McLennan
Cos.,
Inc.
............
2,438
549,696
718,576
Interactive
Media
&
Services
—
5.7%
Alphabet,
Inc.
,
Class
A
.................
55,520
8,816,576
Alphabet,
Inc.
,
Class
C,
NVS
.............
34,083
5,483,614
Meta
Platforms,
Inc.
,
Class
A
.............
18,173
9,976,977
Pinterest,
Inc.
,
Class
A
(a)
................
21,959
556,002
Snap,
Inc.
,
Class
A,
NVS
(a)
(b)
.............
31,999
254,712
ZoomInfo
Technologies,
Inc.
(a)
............
9,073
77,665
25,165,546
IT
Services
—
7.5%
Accenture
plc
,
Class
A
.................
43,645
13,056,402
Cloudflare,
Inc.
,
Class
A
(a)
...............
19
2,295
Cognizant
Technology
Solutions
Corp.
,
Class
A
.
7,213
530,660
DigitalOcean
Holdings,
Inc.
(a)
.............
51
1,576
DXC
Technology
Co.
(a)
.................
10,234
158,832
Gartner,
Inc.
(a)
.......................
5,789
2,437,632
GoDaddy,
Inc.
,
Class
A
(a)
................
15,781
2,972,036
International
Business
Machines
Corp.
......
27,615
6,677,859
VeriSign,
Inc.
(a)
......................
25,783
7,273,900
33,111,192
Life
Sciences
Tools
&
Services
—
0.2%
(a)
Illumina,
Inc.
(b)
.......................
1,803
139,913
IQVIA
Holdings,
Inc.
...................
3,884
602,292
742,205
Machinery
—
0.4%
Parker-Hannifin
Corp.
..................
2,642
1,598,568
Media
—
0.4%
Interpublic
Group
of
Cos.,
Inc.
(The)
........
12,110
304,203
Trade
Desk,
Inc.
(The)
,
Class
A
(a)
..........
27,856
1,493,917
1,798,120
Professional
Services
—
1.6%
Booz
Allen
Hamilton
Holding
Corp.
.........
5,902
708,358
Broadridge
Financial
Solutions,
Inc.
........
3,547
859,793
Maximus,
Inc.
.......................
7,100
475,416
Paychex,
Inc.
.......................
18,772
2,761,737
SS&C
Technologies
Holdings,
Inc.
.........
11,122
840,823
Verisk
Analytics,
Inc.
...................
5,016
1,486,893
7,133,020
Real
Estate
Management
&
Development
—
0.0%
CoStar
Group,
Inc.
(a)
...................
221
16,392
Semiconductors
&
Semiconductor
Equipment
—
23.6%
Advanced
Micro
Devices,
Inc.
(a)
...........
22,133
2,154,648
Broadcom,
Inc.
......................
281,647
54,208,598
Intel
Corp.
.........................
15,525
312,052
KLA
Corp.
..........................
2,657
1,867,047
Lam
Research
Corp.
..................
33,609
2,408,757
Marvell
Technology,
Inc.
................
1,843
107,576
Monolithic
Power
Systems,
Inc.
...........
3,156
1,871,824
NVIDIA
Corp.
.......................
308,531
33,605,196
QUALCOMM,
Inc.
....................
40,982
6,084,188
Texas
Instruments,
Inc.
.................
7,271
1,163,724
103,783,610
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2025
iShares
®
U.S.
Tech
Independence
Focused
ETF
2
(Percentages
shown
are
based
on
Net
Assets)
Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the period
ended
April
30,
2025
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
Security
Shares
Shares
Value
Software
—
32.7%
Adobe,
Inc.
(a)
(b)
.......................
11,229
$
4,210,651
AppLovin
Corp.
,
Class
A
(a)
...............
1,991
536,196
Atlassian
Corp.
,
Class
A
(a)
...............
15,376
3,510,495
Crowdstrike
Holdings,
Inc.
,
Class
A
(a)
........
472
202,427
Datadog,
Inc.
,
Class
A
(a)
................
14,215
1,452,204
DocuSign,
Inc.
(a)
.....................
28,105
2,297,584
Dynatrace,
Inc.
(a)
.....................
57,792
2,714,490
Fair
Isaac
Corp.
(a)
.....................
1,078
2,144,875
Fortinet,
Inc.
(a)
.......................
64,439
6,686,191
Gen
Digital,
Inc.
......................
71,922
1,860,622
HubSpot,
Inc.
(a)
(b)
.....................
1,008
616,392
Intuit,
Inc.
..........................
4
2,510
Microsoft
Corp.
......................
49,990
19,759,047
MicroStrategy,
Inc.
,
Class
A
(a)
(b)
............
6,556
2,492,001
Oracle
Corp.
........................
82,647
11,630,086
Palantir
Technologies,
Inc.
,
Class
A
(a)
.......
318,946
37,775,964
Palo
Alto
Networks,
Inc.
(a)
...............
46,338
8,661,962
Salesforce,
Inc.
......................
81,797
21,979,672
ServiceNow,
Inc.
(a)
....................
7,041
6,724,225
Synopsys,
Inc.
(a)
.....................
16,891
7,753,138
Tyler
Technologies,
Inc.
(a)
...............
1,028
558,512
Workday,
Inc.
,
Class
A
(a)
................
2,260
553,700
144,122,944
Specialized
REITs
—
1.8%
Digital
Realty
Trust,
Inc.
................
10,610
1,703,329
Equinix,
Inc.
........................
6,717
5,781,658
Iron
Mountain,
Inc.
....................
5,350
479,735
7,964,722
Specialty
Retail
—
0.1%
Carvana
Co.
,
Class
A
(a)
(b)
................
1,145
279,781
Security
Shares
Shares
Value
Technology
Hardware,
Storage
&
Peripherals
—
3.7%
Apple,
Inc.
.........................
68,403
$
14,535,637
NetApp,
Inc.
........................
19,561
1,755,600
Pure
Storage,
Inc.
,
Class
A
(a)
.............
208
9,435
Super
Micro
Computer,
Inc.
(a)
.............
619
19,721
16,320,393
Total
Long-Term
Investments
—
99
.7
%
(Cost:
$
401,834,466
)
..............................
439,388,922
Short-Term
Securities
Money
Market
Funds
—
1.9%
(c)(d)
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
,
4.46
%
(e)
...................
6,885,798
6,888,553
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
,
4.30
%
....................
1,255,328
1,255,328
Total
Short-Term
Securities
—
1
.9
%
(Cost:
$
8,143,741
)
...............................
8,143,881
Total
Investments
—
101
.6
%
(Cost:
$
409,978,207
)
..............................
447,532,803
Liabilities
in
Excess
of
Other
Assets
—
(
1.6
)
%
.............
(
6,860,545
)
Net
Assets
—
100.0%
...............................
$
440,672,258
(a)
Non-income
producing
security.
(b)
All
or
a
portion
of
this
security
is
on
loan.
(c)
Affiliate
of
the
Fund.
(d)
Annualized
7-day
yield
as
of
period
end.
(e)
All
or
a
portion
of
this
security
was
purchased
with
the
cash
collateral
from
loaned
securities.
Affiliated
Issuer
Value
at
07/31/24
Purchases
at
Cost
Proceeds
from
Sales
Net
Realized
Gain
(Loss)
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
04/30/25
Shares
Held
at
04/30/25
Income
Capital
Gain
Distributions
from
Underlying
Funds
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
..............
$
2,239,349
$
4,649,620
(a)
$
—
$
(
386
)
$
(
30
)
$
6,888,553
6,885,798
$
3,675
(b)
$
—
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
1,312,980
—
(
57,652
)
(a)
—
—
1,255,328
1,255,328
40,671
—
$
(
386
)
$
(
30
)
$
8,143,881
$
44,346
$
—
—
—
(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.
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2025
iShares
®
U.S.
Tech
Independence
Focused
ETF
3
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
.........................................
$
439,388,922
$
—
$
—
$
439,388,922
Short-Term
Securities
Money
Market
Funds
......................................
8,143,881
—
—
8,143,881
$
447,532,803
$
—
$
—
$
447,532,803
Portfolio
Abbreviation
Nasdaq
National
Association
of
Securities
Dealers
Automated
Quotations
NVS
Non-Voting
Shares
REIT
Real
Estate
Investment
Trust