iShares MSCI Belgium ETF (EWK) Holdings
EWK holdings summary
as of Oct 25, 2026- Holdings
- 38 positions listed
- Top 10 weight
- 68.8% of net assets
- Effective holdings
- 11 equal-weight equivalent
- Largest holding
- ABI 23.45% Anheuser Busch Inbev SA NV
- Annual turnover
- 12.2% of the portfolio traded
All EWK holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | ABI | Anheuser Busch Inbev SA NV | Consumer Defensive | 23.45% | $57.3M | — | — |
| 2 | ARGX | Argen-X | Healthcare | 15.07% | $36.8M | — | — |
| 3 | KBC | KBC Groep NV | Financial Services | 6.74% | $16.5M | — | — |
| 4 | UCB | UCB SA | Healthcare | 5.17% | $12.6M | — | — |
| 5 | AGS | ageas SA/NV | Financial Services | 4.66% | $11.4M | — | — |
| 6 | AED | Aedifica | Real Estate | 3.32% | $8.1M | — | — |
| 7 | LOTB | Lotus Bakeries | Consumer Defensive | 2.76% | $6.8M | — | — |
| 8 | SYENS | Syensqo | Basic Materials | 2.57% | $6.3M | — | — |
| 9 | GBLB | Groep Brussel Lambert NV | Financial Services | 2.55% | $6.2M | — | — |
| 10 | ACKB | Ackermans & Van Haaren NV | Industrials | 2.55% | $6.2M | — | — |
| 11 | ELI | Elia Group SA/NV | Utilities | 2.48% | $6.1M | — | — |
| 12 | SOF | Sofina Société Anonyme | Financial Services | 2.12% | $5.2M | — | — |
| 13 | TUB | Tubize-Fin | Healthcare | 2.02% | $4.9M | — | — |
| 14 | UMI | Umicore S.A. | Industrials | 1.90% | $4.6M | — | — |
| 15 | WDP | Warehouses de Pauw Comm VA | Real Estate | 1.80% | $4.4M | — | — |
| 16 | DIE | D'Ieteren Group SA | Consumer Cyclical | 1.79% | $4.4M | — | — |
| 17 | KBCA | KBC Ancora | Financial Services | 1.78% | $4.3M | — | — |
| 18 | AZE | Azelis Group NV | Basic Materials | 1.53% | $3.7M | — | — |
| 19 | CMBT | CMB.TECH NV | Energy | 1.47% | $3.6M | — | — |
| 20 | SOLB | Solvay SA | Basic Materials | 1.01% | $2.5M | — | — |
| 21 | FAGR | Fagron NV | Healthcare | 0.98% | $2.4M | — | — |
| 22 | BEKB | NV Bekaert SA | Industrials | 0.95% | $2.3M | — | — |
| 23 | COLR | Colruyt Group NV | Consumer Defensive | 0.88% | $2.2M | — | — |
| 24 | MONT | Montea C.V.A. | Real Estate | 0.87% | $2.1M | — | — |
| 25 | KIN | Kinepolis Group NV | Communication Services | 0.87% | $2.1M | — | — |
| 26 | DEME | DEME Group NV | Industrials | 0.86% | $2.1M | — | — |
| 27 | GIMB | GIMV NV | Financial Services | 0.85% | $2.1M | — | — |
| 28 | MELE | Melexis NV | Technology | 0.83% | $2.0M | — | — |
| 29 | LKFT | LAKEFRONT BIOTHERAPEUTICS NV | Healthcare | 0.79% | $1.9M | — | — |
| 30 | XIOR | Xior Student Housing NV | Real Estate | 0.76% | $1.9M | — | — |
| 31 | PROX | Proximus NV | Communication Services | 0.70% | $1.7M | — | — |
| 32 | RECT | Recticel | Industrials | 0.69% | $1.7M | — | — |
| 33 | SHUR | Shurgard Self Storage SA | Real Estate | 0.69% | $1.7M | — | — |
| 34 | RET | Retail Estates - Sicafi | Real Estate | 0.68% | $1.7M | — | — |
| 35 | VGP | VGP NV | Real Estate | 0.66% | $1.6M | — | — |
| 36 | BAR | Barco NV | Technology | 0.50% | $1.2M | — | — |
| 37 | TESB | Tessenderlo | Basic Materials | 0.46% | $1.1M | — | — |
| 38 | VASTB | Vastned Retail Belgium | Real Estate | 0.27% | $670,977.32 | — | — |
Weights as a percentage of net assets. Value held = weight × net assets ($244.5M). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
EWK sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Consumer Defensive | 27.1% | 3 | ABI, LOTB, COLR |
| Healthcare | 24.0% | 5 | ARGX, UCB, TUB |
| Financial Services | 18.7% | 6 | KBC, AGS, GBLB |
| Real Estate | 9.1% | 8 | AED, WDP, MONT |
| Industrials | 7.0% | 5 | ACKB, UMI, BEKB |
| Basic Materials | 5.6% | 4 | SYENS, AZE, SOLB |
| Utilities | 2.5% | 1 | ELI |
| Consumer Cyclical | 1.8% | 1 | DIE |
| Communication Services | 1.6% | 2 | KIN, PROX |
| Energy | 1.5% | 1 | CMBT |
| Technology | 1.3% | 2 | MELE, BAR |
Sum of the weights of the holdings in each sector.
EWK top industries
EWK overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| VXUS | Vanguard Total International Stock ETF | 0.6% | 35 of 8,035 | 0.05% |
| IWM | iShares Russell 2000 ETF | 0.2% | 1 of 1,962 | 0.19% |
| VTI | Vanguard Total Stock Market ETF | 0.0% | 1 of 2,941 | 0.03% |
| SPY | SPDR S&P 500 ETF | 0.0% | 0 of 502 | 0.09% |
| QQQ | Invesco QQQ ETF | 0.0% | 0 of 101 | 0.17% |
| DIA | SPDR Dow Jones Industrial Average ETF | 0.0% | 0 of 30 | 0.16% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the EWK portfolio
iShares MSCI Belgium ETF holds 38 positions. The ten largest make up 68.8% of the fund, so it behaves like a portfolio of about 11 equally weighted positions. The biggest positions are Anheuser Busch Inbev SA NV (23.45%), Argen-X (15.07%), KBC Groep NV (6.74%), UCB SA (5.17%), ageas SA/NV (4.66%).
By sector, Consumer Defensive is 27.1%, Healthcare is 24.0%, Financial Services is 18.7%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: EWK chart, EWK performance, EWK dividends, EWK overview.
EWK holdings FAQ
How many holdings does EWK have?
EWK holds 38 positions as of October 25, 2026.
What are the top 10 holdings of EWK?
The ten largest holdings are Anheuser Busch Inbev SA NV (23.45%), Argen-X (15.07%), KBC Groep NV (6.74%), UCB SA (5.17%), ageas SA/NV (4.66%), Aedifica (3.32%), Lotus Bakeries (2.76%), Syensqo (2.57%), Groep Brussel Lambert NV (2.55%), Ackermans & Van Haaren NV (2.55%). Together they are 68.8% of the fund.
What percentage of EWK is Anheuser Busch Inbev SA NV?
Anheuser Busch Inbev SA NV is the largest holding at 23.45% of net assets, about $57.3M of the fund's $244.5M.
Which sector is the largest in EWK?
Consumer Defensive is the largest sector at 27.1%, followed by Healthcare (24.0%) and Financial Services (18.7%), based on the sectors of the individual holdings.
How concentrated is EWK?
The top 10 holdings are 68.8% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) EWK behaves like a portfolio of about 11 equally weighted positions.