iShares U.S. ETF Trust NPORT-P iShares U.S. Tech Independence Focused ETF (Apr 2024 report)

Schedule

of

Investments

(unaudited)

April

30,

2024

iShares

®

U.S.

Tech

Independence

Focused

ETF

1

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

Common

Stocks

Aerospace

&

Defense

—

0.7%

Boeing

Co.

(The)

(a)

(b)

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

3,678

$

617,315

Lockheed

Martin

Corp.

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

1,941

902,429

Mercury

Systems,

Inc.

(b)

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

2,154

60,743

1,580,487

Automobile

Components

—

0.0%

Aptiv

plc

(b)

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

665

47,215

Automobiles

—

0.0%

Rivian

Automotive,

Inc.

,

Class

A

(a)

(b)

........

1,444

12,852

Broadline

Retail

—

8.2%

Amazon.com,

Inc.

(b)

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

108,791

19,038,425

Coupang,

Inc.

,

Class

A

(b)

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

5,890

132,525

eBay,

Inc.

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

5,440

280,378

19,451,328

Building

Products

—

0.1%

Fortune

Brands

Innovations,

Inc.

.........

2,135

156,068

Capital

Markets

—

3.8%

CBOE

Global

Markets,

Inc.

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

831

150,536

CME

Group,

Inc.

,

Class

A

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

2,675

560,787

Coinbase

Global,

Inc.

,

Class

A

(b)

..........

4,534

924,619

FactSet

Research

Systems,

Inc.

..........

3,195

1,331,964

Intercontinental

Exchange,

Inc.

..........

25,616

3,298,316

LPL

Financial

Holdings,

Inc.

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

498

134,027

Moody's

Corp.

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

1,795

664,742

MSCI,

Inc.

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

485

225,908

Nasdaq,

Inc.

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

2,753

164,767

S&P

Global,

Inc.

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

3,638

1,512,789

8,968,455

Commercial

Services

&

Supplies

—

0.2%

Rollins,

Inc.

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

1,115

49,685

Tetra

Tech,

Inc.

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

2,724

530,417

580,102

Communications

Equipment

—

4.4%

Arista

Networks,

Inc.

(b)

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

3,136

804,572

Cisco

Systems,

Inc.

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

112,839

5,301,176

Juniper

Networks,

Inc.

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

4,049

140,986

Motorola

Solutions,

Inc.

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

12,119

4,110,159

10,356,893

Construction

&

Engineering

—

0.0%

Ameresco,

Inc.

,

Class

A

(b)

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

3,606

75,474

Containers

&

Packaging

—

0.0%

Sealed

Air

Corp.

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

1,819

57,262

Electrical

Equipment

—

0.2%

Rockwell

Automation,

Inc.

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

647

175,311

Vertiv

Holdings

Co.

,

Class

A

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

4,399

409,107

584,418

Electronic

Equipment,

Instruments

&

Components

—

1.3%

CDW

Corp.

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

7,931

1,918,192

Corning,

Inc.

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

1,838

61,352

Insight

Enterprises,

Inc.

(a)

(b)

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

1,568

286,270

Keysight

Technologies,

Inc.

(b)

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

2,864

423,700

Teledyne

Technologies,

Inc.

(b)

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

294

112,155

Trimble,

Inc.

(b)

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

3,609

216,793

3,018,462

Energy

Equipment

&

Services

—

0.1%

Schlumberger

NV

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

5,396

256,202

Security

Shares

Shares

Value

Entertainment

—

0.1%

Electronic

Arts,

Inc.

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

1,847

$

234,236

ROBLOX

Corp.

,

Class

A

(b)

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

1,794

63,795

298,031

Financial

Services

—

2.4%

Block,

Inc.

,

Class

A

(b)

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

3,883

283,459

Corpay,

Inc.

(b)

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

2,294

693,109

Fidelity

National

Information

Services,

Inc.

...

9,178

623,370

Global

Payments,

Inc.

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

3,647

447,742

Jack

Henry

&

Associates,

Inc.

...........

2,077

337,907

Mastercard,

Inc.

,

Class

A

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

4,534

2,045,741

Toast,

Inc.

,

Class

A

(b)

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

852

20,133

Visa,

Inc.

,

Class

A

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

4,338

1,165,230

5,616,691

Ground

Transportation

—

0.2%

Uber

Technologies,

Inc.

(b)

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

8,081

535,528

Health

Care

Equipment

&

Supplies

—

0.0%

Align

Technology,

Inc.

(b)

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

11

3,106

Health

Care

Technology

—

0.1%

Veeva

Systems,

Inc.

,

Class

A

(b)

..........

1,204

239,066

Hotels,

Restaurants

&

Leisure

—

0.5%

Airbnb,

Inc.

,

Class

A

(b)

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

1,926

305,406

Booking

Holdings,

Inc.

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

144

497,092

DoorDash,

Inc.

,

Class

A

(b)

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

3,035

392,304

1,194,802

Household

Products

—

0.0%

Colgate-Palmolive

Co.

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

1,088

100,009

Insurance

—

0.3%

Aon

plc

,

Class

A

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

732

206,431

Marsh

&

McLennan

Cos.,

Inc.

...........

2,641

526,695

733,126

Interactive

Media

&

Services

—

6.8%

Alphabet,

Inc.

,

Class

A

(b)

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

33,348

5,428,388

Alphabet,

Inc.

,

Class

C,

NVS

(b)

...........

28,163

4,636,756

Meta

Platforms,

Inc.

,

Class

A

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

11,005

4,734,021

Pinterest,

Inc.

,

Class

A

(b)

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

12,514

418,593

Snap,

Inc.

,

Class

A,

NVS

(b)

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

46,439

698,907

ZoomInfo

Technologies,

Inc.

(b)

...........

4,541

72,020

15,988,685

IT

Services

—

10.0%

Accenture

plc

,

Class

A

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

40,768

12,267,499

Akamai

Technologies,

Inc.

(b)

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

3,979

401,600

Cloudflare,

Inc.

,

Class

A

(b)

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

11,269

984,911

DigitalOcean

Holdings,

Inc.

(b)

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

3,051

100,256

DXC

Technology

Co.

(b)

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

5,116

99,711

Gartner,

Inc.

(b)

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

2,893

1,193,623

GoDaddy,

Inc.

,

Class

A

(b)

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

200

24,476

International

Business

Machines

Corp.

.....

26,504

4,404,965

Okta,

Inc.

,

Class

A

(b)

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

1,021

94,932

Snowflake,

Inc.

,

Class

A

(b)

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

9,072

1,407,974

VeriSign,

Inc.

(b)

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

15,542

2,634,058

23,614,005

Life

Sciences

Tools

&

Services

—

0.3%

Agilent

Technologies,

Inc.

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

1,696

232,420

Illumina,

Inc.

(b)

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

899

110,622

IQVIA

Holdings,

Inc.

(b)

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

1,575

365,038

708,080

Schedule

of

Investments

(unaudited)

(continued)

April

30,

2024

iShares

®

U.S.

Tech

Independence

Focused

ETF

2

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

Machinery

—

0.9%

Fortive

Corp.

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

129

$

9,710

Parker-Hannifin

Corp.

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

3,548

1,933,341

Xylem,

Inc.

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

482

62,997

2,006,048

Media

—

0.4%

Interpublic

Group

of

Cos.,

Inc.

(The)

.......

8,718

265,376

Omnicom

Group,

Inc.

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

3,665

340,258

Trade

Desk,

Inc.

(The)

,

Class

A

(b)

.........

4,560

377,796

983,430

Professional

Services

—

2.2%

ASGN,

Inc.

(b)

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

2,180

210,261

Automatic

Data

Processing,

Inc.

..........

5,836

1,411,670

Booz

Allen

Hamilton

Holding

Corp.

........

3,284

484,948

Broadridge

Financial

Solutions,

Inc.

.......

833

161,111

CACI

International,

Inc.

,

Class

A

(b)

........

775

311,728

Genpact

Ltd.

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

17,615

541,485

Jacobs

Solutions,

Inc.

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

1,055

151,424

Maximus,

Inc.

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

1,482

118,975

Paychex,

Inc.

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

3,331

395,756

Paycom

Software,

Inc.

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

870

163,543

Science

Applications

International

Corp.

....

1,042

134,105

SS&C

Technologies

Holdings,

Inc.

........

3,149

194,892

TransUnion

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

4,357

318,061

Verisk

Analytics,

Inc.

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

2,709

590,454

5,188,413

Real

Estate

Management

&

Development

—

0.5%

CoStar

Group,

Inc.

(b)

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

12,379

1,133,050

Semiconductors

&

Semiconductor

Equipment

—

22.7%

Advanced

Micro

Devices,

Inc.

(b)

..........

12,558

1,988,936

Broadcom,

Inc.

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

17,063

22,186,507

Enphase

Energy,

Inc.

(b)

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

802

87,226

Intel

Corp.

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

35,426

1,079,430

KLA

Corp.

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

649

447,349

Lam

Research

Corp.

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

544

486,559

Marvell

Technology,

Inc.

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

32,352

2,132,320

Micron

Technology,

Inc.

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

5,103

576,435

Monolithic

Power

Systems,

Inc.

..........

715

478,571

NVIDIA

Corp.

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

23,277

20,111,794

NXP

Semiconductors

NV

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

1,371

351,237

Qorvo,

Inc.

(b)

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

3,751

438,267

QUALCOMM,

Inc.

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

12,980

2,152,733

Silicon

Laboratories,

Inc.

(b)

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

1,423

172,880

Teradyne,

Inc.

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

2,392

278,237

Texas

Instruments,

Inc.

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

3,643

642,698

53,611,179

Software

—

28.4%

Adobe,

Inc.

(b)

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

5,617

2,599,716

ANSYS,

Inc.

(b)

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

2,907

944,426

Appian

Corp.

,

Class

A

(b)

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

2,648

99,141

Atlassian

Corp.

,

Class

A

(b)

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

80

13,784

Autodesk,

Inc.

(b)

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

1,759

374,403

Bentley

Systems,

Inc.

,

Class

B

...........

8,605

452,021

BILL

Holdings,

Inc.

(b)

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

1,254

78,199

Cadence

Design

Systems,

Inc.

(b)

.........

16,356

4,508,204

Confluent,

Inc.

,

Class

A

(b)

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

9,063

254,852

Crowdstrike

Holdings,

Inc.

,

Class

A

(b)

.......

3,763

1,100,828

Datadog,

Inc.

,

Class

A

(b)

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

3,104

389,552

Fair

Isaac

Corp.

(b)

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

188

213,066

Fortinet,

Inc.

(b)

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

6,081

384,198

HubSpot,

Inc.

(b)

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

514

310,903

Intuit,

Inc.

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

237

148,272

Manhattan

Associates,

Inc.

(b)

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

11,430

2,355,266

Security

Shares

Shares

Value

Software

(continued)

Microsoft

Corp.

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

60,218

$

23,444,674

Oracle

Corp.

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

72,709

8,270,649

Palantir

Technologies,

Inc.

,

Class

A

(b)

......

24,417

536,442

Palo

Alto

Networks,

Inc.

(b)

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

3,099

901,468

Qualys,

Inc.

(a)

(b)

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

2,895

474,519

Roper

Technologies,

Inc.

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

441

225,554

Salesforce,

Inc.

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

46,392

12,476,665

ServiceNow,

Inc.

(b)

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

5,059

3,507,556

Smartsheet,

Inc.

,

Class

A

(b)

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

578

21,866

Synopsys,

Inc.

(b)

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

897

475,939

Tyler

Technologies,

Inc.

(b)

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

2,538

1,171,414

Workday,

Inc.

,

Class

A

(b)

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

1,796

439,535

Zoom

Video

Communications,

Inc.

,

Class

A

(b)

.

14,752

901,347

67,074,459

Specialized

REITs

—

0.8%

Digital

Realty

Trust,

Inc.

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

1,140

158,209

Equinix,

Inc.

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

2,071

1,472,709

Iron

Mountain,

Inc.

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

3,978

308,375

1,939,293

Specialty

Retail

—

0.1%

Best

Buy

Co.,

Inc.

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

1,894

139,474

Technology

Hardware,

Storage

&

Peripherals

—

3.6%

Apple,

Inc.

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

35,223

5,999,534

Dell

Technologies,

Inc.

,

Class

C

..........

6,979

869,863

HP,

Inc.

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

12,025

337,782

NetApp,

Inc.

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

6,715

686,340

Pure

Storage,

Inc.

,

Class

A

(b)

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

3,696

186,278

Super

Micro

Computer,

Inc.

(b)

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

473

406,212

8,486,009

Total

Long-Term

Investments

—

99

.3

%

(Cost:

$

184,519,074

)

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

234,737,702

Short-Term

Securities

Money

Market

Funds

—

0.9%

(c)(d)

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares

,

5.49

%

(e)

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

468,277

468,418

BlackRock

Cash

Funds:

Treasury,

SL

Agency

Shares

,

5.28

%

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

1,538,240

1,538,240

Total

Short-Term

Securities

—

0

.9

%

(Cost:

$

2,006,552

)

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

2,006,658

Total

Investments

—

100

.2

%

(Cost:

$

186,525,626

)

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

236,744,360

Liabilities

in

Excess

of

Other

Assets

—

(

0.2

)

%

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

(

434,253

)

Net

Assets

—

100.0%

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

$

236,310,107

(a)

All

or

a

portion

of

this

security

is

on

loan.

(b)

Non-income

producing

security.

(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.

Schedule

of

Investments

(unaudited)

(continued)

April

30,

2024

iShares

®

U.S.

Tech

Independence

Focused

ETF

3

Affiliates

Investments

in

issuers

considered

to

be

affiliate(s)

of

the

Fund

during

the period

ended

April

30,

2024

for

purposes

of

Section

2(a)(3)

of

the

Investment

Company

Act

of

1940,

as

amended,

were

as

follows:

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.

Affiliated

Issuer

Value

at

07/31/23

Purchases

at

Cost

Proceeds

from

Sales

Net

Realized

Gain

(Loss)

Change

in

Unrealized

Appreciation

(Depreciation)

Value

at

04/30/24

Shares

Held

at

04/30/24

Income

Capital

Gain

Distributions

from

Underlying

Funds

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares

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

$

955,490

$

—

$

(

487,295

)

(a)

$

197

$

26

$

468,418

468,277

$

33,432

(b)

$

—

BlackRock

Cash

Funds:

Treasury,

SL

Agency

Shares

870,651

667,589

(a)

—

—

—

1,538,240

1,538,240

45,776

—

$

197

$

26

$

2,006,658

$

79,208

$

—

—

—

(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.

Level

1

Level

2

Level

3

Total

Assets

Investments

Long-Term

Investments

Common

Stocks

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

$

234,737,702

$

—

$

—

$

234,737,702

Short-Term

Securities

Money

Market

Funds

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

2,006,658

—

—

2,006,658

$

236,744,360

$

—

$

—

$

236,744,360

Portfolio

Abbreviation

MSCI

Morgan

Stanley

Capital

International

NVS

Non-Voting

Shares

REIT

Real

Estate

Investment

Trust