Schedule

of

Investments

(unaudited)

December

31,

2024

iShares

®

Expanded

Tech-Software

Sector

ETF

1

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

Common

Stocks

Entertainment

—

2.2%

Electronic

Arts,

Inc.

..................

737,068

$

107,833,048‌

Take-Two

Interactive

Software,

Inc.

(a)

.......

504,420

92,853,634‌

200,686,682‌

Interactive

Media

&

Services

—

0.4%

Snap,

Inc.

,

Class

A,

NVS

(a)

(b)

............

3,297,504

35,514,118‌

IT

Services

—

0.1%

Core

Scientific,

Inc.

(a)

.................

860,570

12,091,009‌

Software

—

97.0%

A10

Networks,

Inc.

...................

227,444

4,184,970‌

ACI

Worldwide,

Inc.

(a)

(b)

................

323,231

16,778,921‌

Adeia,

Inc.

........................

336,729

4,707,471‌

Adobe,

Inc.

(a)

.......................

1,352,578

601,464,385‌

Agilysys,

Inc.

(a)

(b)

....................

68,910

9,076,136‌

Alarm.com

Holdings,

Inc.

(a)

.............

152,323

9,261,238‌

Alkami

Technology,

Inc.

(a)

..............

204,401

7,497,429‌

Altair

Engineering,

Inc.

,

Class

A

(a)

.........

185,066

20,192,551‌

ANSYS,

Inc.

(a)

......................

270,076

91,104,737‌

Appfolio,

Inc.

,

Class

A

(a)

...............

71,533

17,648,622‌

Appian

Corp.

,

Class

A

(a)

...............

131,552

4,338,585‌

AppLovin

Corp.

,

Class

A

(a)

..............

664,088

215,051,617‌

Asana,

Inc.

,

Class

A

(a)

.................

259,446

5,258,970‌

Aspen

Technology,

Inc.

(a)

...............

82,263

20,535,313‌

Atlassian

Corp.

,

Class

A

(a)

..............

498,616

121,353,162‌

Aurora

Innovation,

Inc.

,

Class

A

(a)

(b)

........

3,137,143

19,764,001‌

Autodesk,

Inc.

(a)

.....................

663,958

196,246,066‌

AvePoint,

Inc.

,

Class

A

(a)

(b)

..............

317,817

5,247,159‌

Bentley

Systems,

Inc.

,

Class

B

...........

476,835

22,268,194‌

BILL

Holdings,

Inc.

(a)

..................

294,531

24,949,721‌

Blackbaud,

Inc.

(a)

....................

120,791

8,928,871‌

BlackBerry

Ltd.

(a)

(b)

...................

1,820,460

6,881,339‌

BlackLine,

Inc.

(a)

(b)

...................

159,826

9,711,028‌

Box,

Inc.

,

Class

A

(a)

(b)

.................

441,409

13,948,524‌

Braze,

Inc.

,

Class

A

(a)

.................

198,120

8,297,266‌

C3.ai,

Inc.

,

Class

A

(a)

(b)

................

346,448

11,928,205‌

Cadence

Design

Systems,

Inc.

(a)

.........

846,998

254,489,019‌

CCC

Intelligent

Solutions

Holdings,

Inc.

(a)

....

1,291,536

15,149,717‌

Cipher

Mining,

Inc.

(a)

(b)

.................

685,974

3,182,919‌

Cleanspark,

Inc.

(a)

(b)

..................

787,673

7,254,468‌

Clear

Secure,

Inc.

,

Class

A

.............

289,718

7,718,087‌

Clearwater

Analytics

Holdings,

Inc.

,

Class

A

(a)

.

607,283

16,712,428‌

Commvault

Systems,

Inc.

(a)

.............

135,335

20,423,405‌

Confluent,

Inc.

,

Class

A

(a)

..............

798,575

22,328,157‌

Crowdstrike

Holdings,

Inc.

,

Class

A

(a)

.......

718,705

245,912,103‌

Datadog,

Inc.

,

Class

A

(a)

...............

967,269

138,213,067‌

Descartes

Systems

Group,

Inc.

(The)

(a)

.....

264,205

30,013,688‌

DocuSign,

Inc.

(a)

....................

626,817

56,375,921‌

Dolby

Laboratories,

Inc.

,

Class

A

.........

183,903

14,362,824‌

DoubleVerify

Holdings,

Inc.

(a)

............

432,679

8,311,764‌

Dropbox,

Inc.

,

Class

A

(a)

...............

689,115

20,701,015‌

Dynatrace,

Inc.

(a)

....................

921,753

50,097,276‌

E2open

Parent

Holdings,

Inc.

,

Class

A

(a)

(b)

...

646,693

1,720,203‌

Elastic

NV

(a)

.......................

265,972

26,352,506‌

Fair

Isaac

Corp.

(a)

....................

75,216

149,749,791‌

Five9,

Inc.

(a)

(b)

......................

231,752

9,418,401‌

Fortinet,

Inc.

(a)

......................

1,964,588

185,614,274‌

Freshworks,

Inc.

,

Class

A

(a)

.............

581,564

9,403,890‌

Gen

Digital,

Inc.

.....................

1,674,623

45,851,178‌

Gitlab,

Inc.

,

Class

A

(a)

.................

367,551

20,711,499‌

Guidewire

Software,

Inc.

(a)

..............

257,902

43,477,119‌

HashiCorp,

Inc.

,

Class

A

(a)

..............

483,635

16,545,153‌

HubSpot,

Inc.

(a)

.....................

159,410

111,072,106‌

Security

Shares

Shares

Value

Software

(continued)

Hut

8

Corp.

(a)

.......................

253,809

$

5,200,546‌

Informatica,

Inc.

,

Class

A

(a)

.............

257,681

6,681,668‌

Intapp,

Inc.

(a)

.......................

159,779

10,240,236‌

InterDigital,

Inc.

.....................

78,103

15,130,113‌

Intuit,

Inc.

.........................

844,584

530,821,044‌

Jamf

Holding

Corp.

(a)

.................

193,974

2,725,335‌

Klaviyo,

Inc.

,

Class

A

(a)

................

242,831

10,014,350‌

Lightspeed

Commerce,

Inc.

(a)

(b)

...........

421,345

6,417,084‌

LiveRamp

Holdings,

Inc.

(a)

..............

201,134

6,108,440‌

Manhattan

Associates,

Inc.

(a)

............

188,636

50,976,993‌

MARA

Holdings,

Inc.

(a)

(b)

...............

996,532

16,711,842‌

Matterport,

Inc.

,

Class

A

(a)

..............

885,629

4,197,881‌

Meridianlink,

Inc.

(a)

...................

81,452

1,681,984‌

Microsoft

Corp.

.....................

1,877,748

791,470,782‌

MicroStrategy,

Inc.

,

Class

A

(a)

(b)

...........

590,348

170,976,588‌

N-able,

Inc.

(a)

.......................

217,530

2,031,730‌

nCino,

Inc.

(a)

(b)

......................

284,910

9,567,278‌

NCR

Voyix

Corp.

(a)

(b)

..................

449,828

6,225,620‌

NextNav,

Inc.

(a)

.....................

202,530

3,151,367‌

Nutanix,

Inc.

,

Class

A

(a)

................

769,205

47,059,962‌

Open

Text

Corp.

....................

822,875

23,303,820‌

Oracle

Corp.

.......................

4,815,034

802,377,266‌

PagerDuty,

Inc.

(a)

....................

286,791

5,236,804‌

Palantir

Technologies,

Inc.

,

Class

A

(a)

......

5,868,874

443,862,941‌

Palo

Alto

Networks,

Inc.

(a)

(b)

.............

2,021,205

367,778,462‌

Pegasystems,

Inc.

...................

137,415

12,807,078‌

Procore

Technologies,

Inc.

(a)

............

331,112

24,810,222‌

Progress

Software

Corp.

...............

132,227

8,614,589‌

PROS

Holdings,

Inc.

(a)

................

134,128

2,945,451‌

PTC,

Inc.

(a)

........................

371,011

68,217,793‌

Q2

Holdings,

Inc.

(a)

(b)

..................

187,025

18,824,066‌

Qualys,

Inc.

(a)

......................

112,742

15,808,683‌

QXO,

Inc.

.........................

757,056

12,037,190‌

Rapid7,

Inc.

(a)

......................

194,774

7,835,758‌

RingCentral,

Inc.

,

Class

A

(a)

.............

248,119

8,686,646‌

Riot

Platforms,

Inc.

(a)

(b)

................

894,316

9,130,966‌

Roper

Technologies,

Inc.

...............

331,149

172,147,808‌

Rubrik,

Inc.

,

Class

A

(a)

.................

212,979

13,920,307‌

Salesforce,

Inc.

.....................

2,357,811

788,286,952‌

Samsara,

Inc.

,

Class

A

(a)

...............

651,208

28,451,278‌

SEMrush

Holdings,

Inc.

,

Class

A

(a)

........

102,885

1,222,274‌

SentinelOne,

Inc.

,

Class

A

(a)

.............

901,120

20,004,864‌

ServiceNow,

Inc.

(a)

(b)

..................

632,981

671,035,818‌

Smartsheet,

Inc.

,

Class

A

(a)

.............

430,984

24,148,033‌

SolarWinds

Corp.

...................

168,234

2,397,334‌

SoundHound

AI,

Inc.

,

Class

A

(a)

(b)

.........

1,042,972

20,692,564‌

Sprinklr,

Inc.

,

Class

A

(a)

(b)

...............

341,897

2,889,030‌

Sprout

Social,

Inc.

,

Class

A

(a)

(b)

...........

156,872

4,817,539‌

SPS

Commerce,

Inc.

(a)

................

116,249

21,388,653‌

Synopsys,

Inc.

(a)

....................

474,397

230,253,328‌

Tenable

Holdings,

Inc.

(a)

...............

370,228

14,579,579‌

Teradata

Corp.

(a)

....................

294,900

9,186,135‌

Terawulf,

Inc.

(a)

.....................

951,391

5,384,873‌

Tyler

Technologies,

Inc.

(a)

..............

132,176

76,217,969‌

UiPath,

Inc.

,

Class

A

(a)

(b)

...............

1,311,059

16,663,560‌

Unity

Software,

Inc.

(a)

(b)

................

910,476

20,458,396‌

Varonis

Systems,

Inc.

(a)

................

346,625

15,400,549‌

Verint

Systems,

Inc.

(a)

(b)

................

191,073

5,244,954‌

Vertex,

Inc.

,

Class

A

(a)

.................

160,625

8,569,344‌

Workday,

Inc.

,

Class

A

(a)

(b)

..............

657,763

169,722,587‌

Workiva,

Inc.

,

Class

A

(a)

................

159,667

17,483,536‌

Zeta

Global

Holdings

Corp.

,

Class

A

(a)

......

655,059

11,784,511‌

Zoom

Communications,

Inc.

,

Class

A

(a)

.....

809,517

66,064,682‌

Zscaler,

Inc.

(a)

......................

291,971

52,674,488‌

Schedule

of

Investments

(unaudited)

(continued)

December

31,

2024

iShares

®

Expanded

Tech-Software

Sector

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

December

31,

2024

for

purposes

of

Section

2(a)(3)

of

the

Investment

Company

Act

of

1940,

as

amended,

were

as

follows:

Security

Shares

Shares

Value

Software

(continued)

Zuora,

Inc.

,

Class

A

(a)

.................

447,091

$

4,435,143‌

9,032,981,125‌

Total

Long-Term

Investments

—

99

.7

%

(Cost:

$

9,793,703,091

)

............................

9,281,272,934‌

Short-Term

Securities

Money

Market

Funds

—

5.1%

(c)(d)

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares

,

4.63

%

(e)

..................

461,810,317

462,041,222‌

BlackRock

Cash

Funds:

Treasury,

SL

Agency

Shares

,

4.44

%

...................

10,551,667

10,551,667‌

Total

Short-Term

Securities

—

5

.1

%

(Cost:

$

472,449,447

)

..............................

472,592,889‌

Total

Investments

—

104

.8

%

(Cost:

$

10,266,152,538

)

............................

9,753,865,823‌

Liabilities

in

Excess

of

Other

Assets

—

(

4.8

)

%

.............

(

445,826,498‌

)

Net

Assets

—

100.0%

...............................

$

9,308,039,325‌

(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

03/31/24

Purchases

at

Cost

Proceeds

from

Sales

Net

Realized

Gain

(Loss)

Change

in

Unrealized

Appreciation

(Depreciation)

Value

at

12/31/24

Shares

Held

at

12/31/24

Income

Capital

Gain

Distributions

from

Underlying

Funds

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares

..............

$

473,321,351

$

—

$

(

11,179,936

)

(a)

$

(

46,725

)

$

(

53,468

)

$

462,041,222

461,810,317

$

646,798

(b)

$

—

BlackRock

Cash

Funds:

Treasury,

SL

Agency

Shares

9,057,865

1,493,802

(a)

—

—

—

10,551,667

10,551,667

275,243

—

$

(

46,725

)

$

(

53,468

)

$

472,592,889

$

922,041

$

—

—

—

(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)

December

31,

2024

iShares

®

Expanded

Tech-Software

Sector

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.

There

may

not

be

a

secondary

market,

and/

or

there

are

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.

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

............................................

84

03/21/25

$

19,871

$

(

121,081

)

Russell

2000

E-Mini

Index

....................................................

63

03/21/25

7,087

(

3,470

)

$

(

124,551

)

Level

1

Level

2

Level

3

Total

Assets

Investments

Long-Term

Investments

Common

Stocks

.........................................

$

9,281,272,934

$

—

$

—

$

9,281,272,934

Short-Term

Securities

Money

Market

Funds

......................................

472,592,889

—

—

472,592,889

$

9,753,865,823

$

—

$

—

$

9,753,865,823

Derivative

Financial

Instruments

(a)

Liabilities

Equity

contracts

...........................................

$

(

124,551

)

$

—

$

—

$

(

124,551

)

(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