iShares U.S. ETF Trust NPORT-P iShares U.S. Tech Independence Focused ETF (Oct 2023 report)

Schedule

of

Investments

(unaudited)

October

31,

2023

iShares

®

U.S.

Tech

Independence

Focused

ETF

1

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

Common

Stocks

Aerospace

&

Defense

—

1.3%

Boeing

Co.

(The)

(a)

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

6,126

$

1,144,459

Lockheed

Martin

Corp.

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

1,536

698,327

Mercury

Systems,

Inc.

(a)

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

1,704

61,310

1,904,096

Automobile

Components

—

0.0%

Aptiv

plc

(a)

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

530

46,216

Automobiles

—

0.0%

Rivian

Automotive,

Inc.,

Class

A

(a)

........

1,144

18,556

Broadline

Retail

—

6.5%

Amazon.com,

Inc.

(a)

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

69,978

9,313,372

Coupang,

Inc.,

Class

A

(a)

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

4,645

78,965

eBay,

Inc.

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

4,285

168,101

9,560,438

Building

Products

—

0.1%

Fortune

Brands

Innovations,

Inc.

........

1,685

94,023

Capital

Markets

—

3.4%

Blackstone,

Inc.,

Class

A

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

1,870

172,695

CBOE

Global

Markets,

Inc.

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

651

106,692

CME

Group,

Inc.,

Class

A

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

2,105

449,333

Coinbase

Global,

Inc.,

Class

A

(a)(b)

........

3,574

275,627

FactSet

Research

Systems,

Inc.

.........

241

104,086

Intercontinental

Exchange,

Inc.

.........

20,201

2,170,395

LPL

Financial

Holdings,

Inc.

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

393

88,236

Moody's

Corp.

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

1,420

437,360

MSCI,

Inc.

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

380

179,189

Nasdaq,

Inc.

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

2,168

107,533

S&P

Global,

Inc.

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

2,873

1,003,568

5,094,714

Commercial

Services

&

Supplies

—

0.2%

Rollins,

Inc.

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

875

32,909

Tetra

Tech,

Inc.

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

2,154

325,060

357,969

Communications

Equipment

—

5.3%

Arista

Networks,

Inc.

(a)

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

2,476

496,116

Cisco

Systems,

Inc.

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

89,004

4,639,779

Juniper

Networks,

Inc.

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

3,194

85,982

Motorola

Solutions,

Inc.

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

9,554

2,660,407

7,882,284

Construction

&

Engineering

—

0.0%

Ameresco,

Inc.,

Class

A

(a)

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

2,841

74,292

Containers

&

Packaging

—

0.0%

Sealed

Air

Corp.

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

1,819

56,007

Electrical

Equipment

—

0.3%

Rockwell

Automation,

Inc.

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

512

134,558

Vertiv

Holdings

Co.,

Class

A

...........

6,525

256,237

390,795

Electronic

Equipment,

Instruments

&

Components

—

1.3%

CDW

Corp.

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

6,251

1,252,700

Corning,

Inc.

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

1,448

38,749

Insight

Enterprises,

Inc.

(a)(b)

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

1,238

177,405

Keysight

Technologies,

Inc.

(a)

...........

2,264

276,321

Teledyne

Technologies,

Inc.

(a)

...........

234

87,654

Trimble,

Inc.

(a)

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

2,844

134,038

1,966,867

Security

Shares

Shares

Value

Energy

Equipment

&

Services

—

0.2%

Schlumberger

NV

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

4,256

$

236,889

Entertainment

—

0.2%

Electronic

Arts,

Inc.

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

1,457

180,362

ROBLOX

Corp.,

Class

A

(a)

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

1,419

45,138

225,500

Financial

Services

—

3.5%

Block,

Inc.,

Class

A

(a)

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

3,058

123,085

Fidelity

National

Information

Services,

Inc.

..

7,372

362,039

Fiserv,

Inc.

(a)

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

11,719

1,333,036

FleetCor

Technologies,

Inc.

(a)

...........

1,814

408,458

Global

Payments,

Inc.

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

2,882

306,126

Jack

Henry

&

Associates,

Inc.

..........

1,642

231,506

Mastercard,

Inc.,

Class

A

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

3,574

1,345,075

PayPal

Holdings,

Inc.

(a)

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

5,146

266,563

Toast,

Inc.,

Class

A

(a)

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

672

10,745

Visa,

Inc.,

Class

A

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

3,423

804,747

5,191,380

Ground

Transportation

—

0.2%

Uber

Technologies,

Inc.

(a)

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

6,371

275,737

Health

Care

Equipment

&

Supplies

—

0.0%

Align

Technology,

Inc.

(a)

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

11

2,030

Health

Care

Technology

—

0.1%

Veeva

Systems,

Inc.,

Class

A

(a)

.........

949

182,882

Hotels,

Restaurants

&

Leisure

—

0.5%

(a)

Airbnb,

Inc.,

Class

A

(b)

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

1,521

179,919

Booking

Holdings,

Inc.

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

114

318,010

DoorDash,

Inc.,

Class

A

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

2,390

179,130

677,059

Household

Products

—

0.0%

Colgate-Palmolive

Co.

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

863

64,829

Insurance

—

0.4%

Aon

plc,

Class

A

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

582

180,071

Marsh

&

McLennan

Cos.,

Inc.

..........

2,086

395,610

575,681

Interactive

Media

&

Services

—

6.2%

(a)

Alphabet,

Inc.,

Class

A

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

26,298

3,263,056

Alphabet,

Inc.,

Class

C,

NVS

...........

22,208

2,782,662

Meta

Platforms,

Inc.,

Class

A

...........

8,680

2,615,024

Pinterest,

Inc.,

Class

A

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

2,656

79,361

Snap,

Inc.,

Class

A,

NVS

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

36,629

366,656

ZoomInfo

Technologies,

Inc.

...........

3,581

46,410

9,153,169

IT

Services

—

11.6%

Accenture

plc,

Class

A

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

35,314

10,491,436

Akamai

Technologies,

Inc.

(a)

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

3,139

324,353

Cloudflare,

Inc.,

Class

A

(a)

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

10,788

611,572

Cognizant

Technology

Solutions

Corp.,

Class

A

3,878

250,015

DigitalOcean

Holdings,

Inc.

(a)

...........

2,406

49,227

DXC

Technology

Co.

(a)

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

4,036

81,406

Gartner,

Inc.

(a)

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

2,278

756,387

International

Business

Machines

Corp.

....

20,909

3,024,278

MongoDB,

Inc.,

Class

A

(a)

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

923

318,057

Okta,

Inc.,

Class

A

(a)

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

811

54,669

Snowflake,

Inc.,

Class

A

(a)

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

3,579

519,420

Twilio,

Inc.,

Class

A

(a)

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

1,136

58,231

VeriSign,

Inc.

(a)

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

2,824

563,840

17,102,891

Schedule

of

Investments

(unaudited)

(continued)

October

31,

2023

iShares

®

U.S.

Tech

Independence

Focused

ETF

2

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

Life

Sciences

Tools

&

Services

—

0.3%

Agilent

Technologies,

Inc.

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

1,336

$

138,102

Illumina,

Inc.

(a)

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

704

77,032

IQVIA

Holdings,

Inc.

(a)

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

1,245

225,133

440,267

Machinery

—

0.7%

Fortive

Corp.

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

99

6,463

Parker-Hannifin

Corp.

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

2,798

1,032,210

Xylem,

Inc.

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

377

35,264

1,073,937

Media

—

0.5%

Interpublic

Group

of

Cos.,

Inc.

(The)

......

6,873

195,193

Omnicom

Group,

Inc.

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

2,885

216,116

Trade

Desk,

Inc.

(The),

Class

A

(a)

........

3,600

255,456

666,765

Professional

Services

—

2.7%

ASGN,

Inc.

(a)

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

1,715

143,134

Automatic

Data

Processing,

Inc.

.........

4,606

1,005,121

Booz

Allen

Hamilton

Holding

Corp.

.......

2,594

311,098

Broadridge

Financial

Solutions,

Inc.

......

653

111,428

CACI

International,

Inc.,

Class

A

(a)

.......

610

198,104

Ceridian

HCM

Holding,

Inc.

(a)

...........

1,751

112,082

Equifax,

Inc.

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

1,832

310,652

FTI

Consulting,

Inc.

(a)

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

491

104,220

Genpact

Ltd.

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

2,685

90,055

Jacobs

Solutions,

Inc.

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

830

110,639

Leidos

Holdings,

Inc.

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

925

91,686

Maximus,

Inc.

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

1,167

87,198

Paychex,

Inc.

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

2,626

291,617

Paycom

Software,

Inc.

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

690

169,029

Paylocity

Holding

Corp.

(a)

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

461

82,703

Science

Applications

International

Corp.

...

817

89,249

SS&C

Technologies

Holdings,

Inc.

.......

1,654

83,114

TransUnion

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

3,442

151,035

Verisk

Analytics,

Inc.

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

2,139

486,323

4,028,487

Real

Estate

Management

&

Development

—

0.3%

CoStar

Group,

Inc.

(a)

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

5,773

423,796

Semiconductors

&

Semiconductor

Equipment

—

17.9%

Advanced

Micro

Devices,

Inc.

(a)

.........

9,910

976,135

Applied

Materials,

Inc.

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

1,616

213,878

Broadcom,

Inc.

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

13,463

11,327,364

Enphase

Energy,

Inc.

(a)

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

637

50,692

Intel

Corp.

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

48,548

1,772,002

KLA

Corp.

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

514

241,426

Lam

Research

Corp.

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

424

249,405

Marvell

Technology,

Inc.

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

26,596

1,255,863

Microchip

Technology,

Inc.

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

6,681

476,289

Micron

Technology,

Inc.

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

4,023

269,018

Monolithic

Power

Systems,

Inc.

.........

275

121,479

NVIDIA

Corp.

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

19,425

7,921,515

NXP

Semiconductors

NV

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

1,086

187,259

ON

Semiconductor

Corp.

(a)

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

1,496

93,709

Qorvo,

Inc.

(a)

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

2,956

258,414

QUALCOMM,

Inc.

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

3,590

391,274

Silicon

Laboratories,

Inc.

(a)

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

1,123

103,518

Teradyne,

Inc.

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

1,882

156,714

Texas

Instruments,

Inc.

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

2,878

408,705

26,474,659

Software

—

30.3%

Adobe,

Inc.

(a)

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

4,432

2,358,090

ANSYS,

Inc.

(a)

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

2,292

637,772

Security

Shares

Shares

Value

Software

(continued)

Appian

Corp.,

Class

A

(a)

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

2,093

$

82,590

Autodesk,

Inc.

(a)

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

937

185,179

Bentley

Systems,

Inc.,

Class

B

..........

6,790

330,266

BILL

Holdings,

Inc.

(a)

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

984

89,829

Cadence

Design

Systems,

Inc.

(a)

........

4,148

994,898

Confluent,

Inc.,

Class

A

(a)(b)

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

7,143

206,504

Crowdstrike

Holdings,

Inc.,

Class

A

(a)

......

2,137

377,757

Datadog,

Inc.,

Class

A

(a)

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

2,444

199,113

DocuSign,

Inc.

(a)

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

1,893

73,600

Fair

Isaac

Corp.

(a)

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

143

120,959

Fortinet,

Inc.

(a)

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

4,547

259,952

HubSpot,

Inc.

(a)

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

409

173,322

Intuit,

Inc.

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

2,576

1,274,991

Microsoft

Corp.

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

52,246

17,664,895

MicroStrategy,

Inc.,

Class

A

(a)(b)

..........

146

61,815

Oracle

Corp.

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

57,349

5,929,887

Palantir

Technologies,

Inc.,

Class

A

(a)

.....

19,257

285,004

Palo

Alto

Networks,

Inc.

(a)

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

3,872

940,973

Qualys,

Inc.

(a)

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

2,280

348,726

Roper

Technologies,

Inc.

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

351

171,488

Salesforce,

Inc.

(a)

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

41,238

8,281,827

ServiceNow,

Inc.

(a)

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

2,955

1,719,367

Smartsheet,

Inc.,

Class

A

(a)

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

458

18,109

Splunk,

Inc.

(a)

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

1,162

171,000

Synopsys,

Inc.

(a)

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

702

329,547

Tyler

Technologies,

Inc.

(a)

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

1,998

745,054

Unity

Software,

Inc.

(a)

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

2,283

57,920

VMware,

Inc.,

Class

A

(a)(b)

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

1,377

200,560

Workday,

Inc.,

Class

A

(a)

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

1,421

300,840

Zoom

Video

Communications,

Inc.,

Class

A

(a)

1,968

118,041

Zscaler,

Inc.

(a)

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

774

122,826

44,832,701

Specialized

REITs

—

1.0%

Digital

Realty

Trust,

Inc.

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

900

111,924

Equinix,

Inc.

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

1,636

1,193,691

Iron

Mountain,

Inc.

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

3,138

185,362

1,490,977

Specialty

Retail

—

0.1%

Best

Buy

Co.,

Inc.

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

1,489

99,495

Technology

Hardware,

Storage

&

Peripherals

—

4.2%

Apple,

Inc.

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

27,783

4,744,503

Dell

Technologies,

Inc.,

Class

C

.........

6,963

465,894

Hewlett

Packard

Enterprise

Co.

.........

23,065

354,740

HP,

Inc.

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

9,490

249,872

NetApp,

Inc.

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

2,513

182,896

Pure

Storage,

Inc.,

Class

A

(a)

...........

2,916

98,590

Super

Micro

Computer,

Inc.

(a)

...........

368

88,125

6,184,620

Total

Long-Term

Investments

—

99.3%

(Cost:

$127,626,131)

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

146,850,008

Schedule

of

Investments

(unaudited)

(continued)

October

31,

2023

iShares

®

U.S.

Tech

Independence

Focused

ETF

3

(Percentages

shown

are

based

on

Net

Assets)

Affiliates

Investments

in

issuers

considered

to

be

affiliate(s)

of

the

Fund

during

the period

ended

October

31,

2023

for

purposes

of

Section

2(a)(3)

of

the

Investment

Company

Act

of

1940,

as

amended,

were

as

follows:

Security

Shares

Shares

Value

Short-Term

Securities

Money

Market

Funds

—

1.0%

(c)(d)

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares,

5.54%

(e)

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

503,973

$

504,174

BlackRock

Cash

Funds:

Treasury,

SL

Agency

Shares,

5.33%

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

994,029

994,029

Total

Short-Term

Securities

—

1.0%

(Cost:

$1,498,026)

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

1,498,203

Total

Investments

—

100.3%

(Cost:

$129,124,157

)

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

148,348,211

Liabilities

in

Excess

of

Other

Assets

—

(0.3)%

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

(464,336)

Net

Assets

—

100.0%

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

$

147,883,875

(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

07/31/23

Purchases

at

Cost

Proceeds

from

Sale

Net

Realized

Gain

(Loss)

Change

in

Unrealized

Appreciation

(Depreciation)

Value

at

10/31/23

Shares

Held

at

10/31/23

Income

Capital

Gain

Distributions

from

Underlying

Funds

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares

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

$

955,490

$

—

$

(451,668)

(a)

$

254

$

98

$

504,174

503,973

$

1,054

(b)

$

—

BlackRock

Cash

Funds:

Treasury,

SL

Agency

Shares

870,651

123,378

(a)

—

—

—

994,029

994,029

12,747

—

$

254

$

98

$

1,498,203

$

13,801

$

—

—

—

(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

fees

and

collateral

investment

expenses,

and

other

payments

to

and

from

borrowers

of

securities.

Schedule

of

Investments

(unaudited)

(continued)

October

31,

2023

iShares

®

U.S.

Tech

Independence

Focused

ETF

4

Fair

Value

Hierarchy

as

of

Period

End

Various

inputs

are

used

in

determining

the

fair

value

of

financial

instruments.

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

for

identical

assets

or

liabilities

that

the

Fund

has

the

ability

to

access;

Level

2

—

Other

observable

inputs

(including,

but

not

limited

to,

quoted

prices

for

similar

assets

or

liabilities

in

markets

that

are

active,

quoted

prices

for

identical

or

similar

assets

or

liabilities

in

markets

that

are

not

active,

inputs

other

than

quoted

prices

that

are

observable

for

the

assets

or

liabilities

(such

as

interest

rates,

yield

curves,

volatilities,

prepayment

speeds,

loss

severities,

credit

risks

and

default

rates)

or

other

market-corroborated

inputs);

and

Level

3

—

Unobservable

inputs

based

on

the

best

information

available

in

the

circumstances,

to

the

extent

observable

inputs

are

not

available

(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.

Level

1

Level

2

Level

3

Total

Assets

Investments

Long-Term

Investments

Common

Stocks

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

$

146,850,008

$

—

$

—

$

146,850,008

Short-Term

Securities

Money

Market

Funds

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

1,498,203

—

—

1,498,203

$

148,348,211

$

—

$

—

$

148,348,211

Portfolio

Abbreviation

MSCI

Morgan

Stanley

Capital

International

NVS

Non-Voting

Shares