Schedule of Investments (unaudited)
June 30, 2025
iShares® Global Tech ETF
(Percentages shown are based on Net Assets)
 
Security
Shares
Value
Common Stocks
Australia — 0.2%
NEXTDC Ltd.(a)
202,127
$1,929,376
WiseTech Global Ltd.
59,425
4,261,714
Xero Ltd.(a)
51,879
6,138,803
 
12,329,893
Canada — 1.4%
CGI Inc.
63,124
6,629,237
Constellation Software Inc./Canada
6,212
22,777,865
Open Text Corp.
82,066
2,397,948
Shopify Inc., Class A(a)
385,807
44,497,777
 
76,302,827
China — 0.7%
Xiaomi Corp., Class B(a)(b)
5,350,865
41,189,546
Finland — 0.2%
Nokia OYJ
1,671,480
8,672,687
France — 0.3%
Capgemini SE
48,934
8,379,284
Dassault Systemes SE
207,782
7,530,361
 
15,909,645
Germany — 2.1%
Infineon Technologies AG
411,618
17,564,578
SAP SE
322,256
98,539,311
 
116,103,889
Japan — 3.1%
Advantest Corp.
243,100
18,021,245
Canon Inc.
306,100
8,878,037
Disco Corp.
29,700
8,798,427
FUJIFILM Holdings Corp.
394,200
8,536,626
Fujitsu Ltd.
541,400
13,134,023
Keyence Corp.
63,140
25,245,141
Kyocera Corp.
437,700
5,256,932
Lasertec Corp.
25,600
3,431,952
Murata Manufacturing Co. Ltd.
574,600
8,492,981
NEC Corp.
430,000
12,545,268
Nomura Research Institute Ltd.
139,900
5,595,638
Obic Co. Ltd.
103,900
4,040,158
Omron Corp.
61,300
1,652,430
Renesas Electronics Corp.
513,000
6,346,541
Ricoh Co. Ltd.
181,800
1,715,720
SCREEN Holdings Co. Ltd.
32,500
2,642,619
TDK Corp.
616,900
7,200,794
Tokyo Electron Ltd.
148,700
28,477,440
 
170,011,972
Netherlands — 2.0%
ASM International NV
14,578
9,351,463
ASML Holding NV
124,468
99,740,808
BE Semiconductor Industries NV
24,343
3,640,579
 
112,732,850
Singapore — 0.1%
STMicroelectronics NV, New
207,772
6,362,569
South Korea — 1.9%
Samsung Electronics Co. Ltd.
1,515,397
67,013,285
SK Hynix Inc.
169,802
36,589,198
 
103,602,483
Sweden — 0.3%
Hexagon AB, Class B
650,348
6,555,243
Security
Shares
Value
Sweden (continued)
Telefonaktiebolaget LM Ericsson, Class B
979,035
$8,366,169
 
14,921,412
Switzerland — 0.1%
Logitech International SA, Registered
49,243
4,465,575
Temenos AG, Registered
19,174
1,377,366
 
5,842,941
Taiwan — 5.6%
ASE Technology Holding Co. Ltd.
1,089,000
5,463,271
Delta Electronics Inc.
606,000
8,575,474
Hon Hai Precision Industry Co. Ltd.
3,813,378
21,039,689
MediaTek Inc.
508,000
21,767,118
Quanta Computer Inc.
879,000
8,268,200
Taiwan Semiconductor Manufacturing Co. Ltd.
6,604,600
241,525,908
United Microelectronics Corp.
3,674,000
5,541,478
 
312,181,138
United Kingdom — 0.2%
Halma PLC
119,017
5,231,284
Sage Group PLC (The)
308,677
5,300,846
 
10,532,130
United States — 81.3%
Accenture PLC, Class A
197,851
59,135,685
Adobe Inc.(a)
134,698
52,111,963
Advanced Micro Devices Inc.(a)
512,434
72,714,385
Akamai Technologies Inc.(a)
46,083
3,675,580
Amphenol Corp., Class A
382,290
37,751,137
Analog Devices Inc.
156,750
37,309,635
Ansys Inc.(a)
27,742
9,743,545
Apple Inc.
2,448,698
502,399,369
Applied Materials Inc.
256,766
47,006,152
Arista Networks Inc.(a)
325,589
33,311,011
Autodesk Inc.(a)
67,741
20,970,581
Broadcom Inc.
929,782
256,294,408
Cadence Design Systems Inc.(a)
86,453
26,640,492
CDW Corp.
42,071
7,513,460
Cisco Systems Inc.
1,257,312
87,232,307
Cognizant Technology Solutions Corp., Class A
155,372
12,123,677
Corning Inc.
244,487
12,857,571
Crowdstrike Holdings Inc., Class A(a)
78,718
40,091,865
Dell Technologies Inc., Class C
95,220
11,673,972
Enphase Energy Inc.(a)(c)
41,950
1,663,318
EPAM Systems Inc.(a)
17,992
3,181,345
F5 Inc.(a)
18,292
5,383,701
Fair Isaac Corp.(a)
7,703
14,080,776
First Solar Inc.(a)
33,899
5,611,640
Fortinet Inc.(a)
201,204
21,271,287
Gartner Inc.(a)
24,374
9,852,458
Gen Digital Inc.
172,044
5,058,094
GoDaddy Inc., Class A(a)
45,364
8,168,242
Hewlett Packard Enterprise Co.
415,922
8,505,605
HP Inc.
301,013
7,362,778
Intel Corp.
1,378,580
30,880,192
International Business Machines Corp.
293,729
86,585,435
Intuit Inc.
88,354
69,590,261
Jabil Inc.
33,834
7,379,195
Juniper Networks Inc.
105,035
4,194,048
Keysight Technologies Inc.(a)
54,746
8,970,680
KLA Corp.
41,794
37,436,558
Lam Research Corp.
404,256
39,350,279
Microchip Technology Inc.
170,312
11,984,855
Micron Technology Inc.
353,201
43,532,023
Microsoft Corp.
1,979,713
984,729,043
 
1
Schedule of Investments (unaudited)(continued)
June 30, 2025
iShares® Global Tech ETF
(Percentages shown are based on Net Assets)
Security
Shares
Value
United States (continued)
Monolithic Power Systems Inc.
15,228
$11,137,455
Motorola Solutions Inc.
52,852
22,222,152
NetApp Inc.
64,372
6,858,837
Nvidia Corp.
6,495,807
1,026,272,548
NXP Semiconductors NV
79,970
17,472,645
ON Semiconductor Corp.(a)(c)
131,559
6,895,007
Oracle Corp.
514,030
112,382,379
Palantir Technologies Inc., Class A(a)
672,265
91,643,165
Palo Alto Networks Inc.(a)(c)
209,252
42,821,329
PTC Inc.(a)
38,185
6,580,803
Qualcomm Inc.
346,759
55,224,838
Roper Technologies Inc.
33,979
19,260,656
Salesforce Inc.
303,235
82,689,152
Seagate Technology Holdings PLC
67,154
9,692,337
ServiceNow Inc.(a)
65,421
67,258,022
Skyworks Solutions Inc.
47,320
3,526,286
Super Micro Computer Inc.(a)
162,213
7,950,059
Synopsys Inc.(a)
48,931
25,085,945
TE Connectivity PLC
93,470
15,765,585
Teledyne Technologies Inc.(a)
14,790
7,577,065
Teradyne Inc.
50,415
4,533,317
Texas Instruments Inc.
287,116
59,611,024
Trimble Inc.(a)
75,201
5,713,772
Tyler Technologies Inc.(a)(c)
13,583
8,052,546
VeriSign Inc.
25,453
7,350,826
Western Digital Corp.
111,710
7,148,323
Workday Inc., Class A(a)
68,704
16,488,960
Zebra Technologies Corp., Class A(a)
16,263
5,014,859
 
4,497,558,500
Total Common Stocks — 99.5%
(Cost: $3,550,353,959)
5,504,254,482
Preferred Stocks
South Korea — 0.2%
Samsung Electronics Co. Ltd., Preference
Shares, NVS
261,037
9,576,118
Total Preferred Stocks — 0.2%
(Cost: $8,886,531)
9,576,118
Security
Shares
Value
Warrants
Canada — 0.0%
Constellation Software Inc., (Issued 08/29/23,
1 Share for 1 Warrant, Expires 03/31/40, Strike
Price CAD 11.50)(a)(d)
5,997
$—
Total Warrants — 0.0%
(Cost: $—)
—
Total Long-Term Investments — 99.7%
(Cost: $3,559,240,490)
5,513,830,600
Short-Term Securities
Money Market Funds — 0.6%
BlackRock Cash Funds: Institutional, SL Agency
Shares, 4.47%(e)(f)(g)
14,022,201
14,027,809
BlackRock Cash Funds: Treasury, SL Agency Shares,
4.30%(e)(f)
19,970,000
19,970,000
Total Short-Term Securities — 0.6%
(Cost: $33,997,810)
33,997,809
Total Investments — 100.3%
(Cost: $3,593,238,300)
5,547,828,409
Liabilities in Excess of Other Assets — (0.3)%
(17,148,832
)
Net Assets — 100.0%
$5,530,679,577
 
(a)
Non-income producing security.
(b)
Security exempt from registration pursuant to Rule 144A under the Securities Act of
1933, as amended. These securities may be resold in transactions exempt from
registration to qualified institutional investors.
(c)
All or a portion of this security is on loan.
(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.
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
$25,458,582
$—
$(11,427,804
)(a)
$(2,969
)
$—
$14,027,809
14,022,201
$10,272
(b)
$—
BlackRock Cash Funds: Treasury, SL
Agency Shares
2,640,000
17,330,000
(a)
—
—
—
19,970,000
19,970,000
106,978
—
 
 
 
 
$(2,969)
$—
$33,997,809
 
$117,250
$—
 
(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.
2 
Schedule of Investments (unaudited)(continued)
June 30, 2025
iShares® Global Tech ETF
 
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
 
 
 
E-Mini Technology Select Sector Index
53
09/19/25
$13,661
$642,210
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
$4,573,861,327
$930,393,155
$—
$5,504,254,482
Preferred Stocks
—
9,576,118
—
9,576,118
Warrants
—
—
—
—
Short-Term Securities 
Money Market Funds
33,997,809
—
—
33,997,809
 
$4,607,859,136
$939,969,273
$—
$5,547,828,409
Derivative Financial Instruments(a) 
Assets 
Equity Contracts
$642,210
$—
$—
$642,210
 
(a)
Derivative financial instruments are futures contracts.  Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.   
 
Portfolio Abbreviation
NVS
Non-Voting Shares
 
3