January 31, 2026
 
2026 Quarterly Report
(Unaudited)
 
BlackRock ETF Trust
• iShares Technology Opportunities Active ETF | TEK | NYSE Arca
 
 
 
Not FDIC Insured • May Lose Value • No Bank Guarantee
Schedule of Investments (unaudited)
January 31, 2026
iShares Technology Opportunities Active ETF
(Percentages shown are based on Net Assets)
 
Security
Shares
Value
Common Stocks
Aerospace & Defense — 1.1%
AeroVironment, Inc.(a)
473
$131,678
Kratos Defense & Security Solutions, Inc.(a)
2,274
234,245
 
365,923
Automobiles — 2.2%
Hyundai Motor Co.
427
148,641
Tesla, Inc.(a)
1,265
544,469
 
693,110
Broadline Retail — 3.6%
Amazon.com, Inc.(a)
3,560
851,908
MercadoLibre, Inc.(a)
143
307,134
 
1,159,042
Capital Markets — 0.9%
Futu Holdings Ltd., ADR(a)
927
150,702
Robinhood Markets, Inc., Class A(a)
1,247
124,052
 
274,754
Communications Equipment — 3.0%
Arista Networks, Inc.(a)
3,196
453,001
Cisco Systems, Inc.
2,995
234,569
Lumentum Holdings, Inc.(a)
693
271,545
 
959,115
Electrical Equipment — 2.1%
Siemens Energy AG(a)
2,307
393,067
Vertiv Holdings Co., Class A
1,457
271,264
 
664,331
Electronic Equipment, Instruments & Components — 2.9%
Amphenol Corp., Class A
1,952
281,244
Flex Ltd.(a)
6,856
432,202
Gold Circuit Electronics Ltd.
9,000
196,534
 
909,980
Entertainment — 1.7%
Spotify Technology SA(a)
477
238,667
Take-Two Interactive Software, Inc.(a)
1,414
311,504
 
550,171
Financial Services — 0.2%
Klarna Group PLC(a)(b)
2,687
61,989
Interactive Media & Services — 7.9%
Alphabet, Inc., Class A
4,484
1,515,592
Meta Platforms, Inc., Class A
1,222
875,563
Tencent Holdings Ltd.
1,700
130,665
 
2,521,820
IT Services — 4.5%
International Business Machines Corp.
430
131,881
MongoDB, Inc., Class A(a)
564
209,430
Shopify, Inc., Class A(a)
2,617
343,429
Snowflake, Inc.(a)
3,870
745,749
 
1,430,489
Media — 0.7%
EchoStar Corp., Class A(a)
1,916
216,929
Semiconductors & Semiconductor Equipment — 45.0%
Advanced Micro Devices, Inc.(a)
3,585
848,677
Security
Shares
Value
Semiconductors & Semiconductor Equipment (continued)
Advantest Corp.
6,400
$1,058,474
ASML Holding NV
186
266,706
Astera Labs, Inc.(a)
1,191
179,388
Broadcom, Inc.
8,199
2,716,329
Credo Technology Group Holding Ltd.(a)
791
99,210
Intel Corp.(a)
10,385
482,591
Lam Research Corp.
5,435
1,268,855
Monolithic Power Systems, Inc.
604
678,987
Nvidia Corp.
22,385
4,278,445
SK Hynix, Inc.
1,778
1,110,142
Taiwan Semiconductor Manufacturing Co. Ltd., ADR
4,066
1,344,057
 
14,331,861
Software — 13.6%
AppLovin Corp., Class A(a)(b)
568
268,726
Cadence Design Systems, Inc.(a)
716
212,194
Crowdstrike Holdings, Inc., Class A(a)
944
416,686
Microsoft Corp.
4,695
2,020,212
Oracle Corp.
3,464
570,105
Palantir Technologies, Inc., Class A(a)
1,121
164,327
Palo Alto Networks, Inc.(a)
2,296
406,323
Rubrik, Inc., Class A(a)
2,926
163,710
Samsara, Inc., Class A(a)
4,377
122,775
 
4,345,058
Technology Hardware, Storage & Peripherals — 8.6%
Apple, Inc.
7,169
1,860,212
Samsung Electronics Co. Ltd.
8,128
897,939
 
2,758,151
Wireless Telecommunication Services — 1.6%
SoftBank Group Corp.
18,200
496,994
Total Long-Term Investments — 99.6%
(Cost: $25,426,950)
31,739,717
Short-Term Securities
Money Market Funds — 1.5%
BlackRock Cash Funds: Institutional, SL Agency Shares,
3.82%(c)(d)(e)
392,417
392,613
BlackRock Cash Funds: Treasury, SL Agency Shares,
3.64%(c)(d)
100,000
100,000
Total Short-Term Securities — 1.5%
(Cost: $492,609)
492,613
Total Investments — 101.1%
(Cost: $25,919,559)
32,232,330
Liabilities in Excess of Other Assets — (1.1)%
(364,722
)
Net Assets — 100.0%
$31,867,608
 
(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.
1 
Schedule of Investments (unaudited)(continued)
January 31, 2026
iShares Technology Opportunities Active ETF
 
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: 
Affiliated Issuer
Value at
04/30/25
Purchases
at Cost
Proceeds
from Sales
Net Realized
Gain (Loss)
Change in
Unrealized
Appreciation
(Depreciation)
Value at
01/31/26
Shares
Held at
01/31/26
Income
Capital
Gain
Distributions
from
Underlying
Funds
BlackRock Cash Funds: Institutional, SL Agency Shares
$17,557
$374,995
(a)
$—
$60
$1
$392,613
392,417
$4,522
(b)
$—
BlackRock Cash Funds: Treasury, SL Agency Shares
590,000
—
(490,000
)(a)
—
—
100,000
100,000
11,603
—
 
 
 
 
$60
$1
$492,613
 
$16,125
$—
 
(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.
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
$27,040,555
$4,699,162
$—
$31,739,717
Short-Term Securities 
Money Market Funds
492,613
—
—
492,613
 
$27,533,168
$4,699,162
$—
$32,232,330
 
Portfolio Abbreviation
ADR
American Depositary Receipt
 
2