FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) Holdings
FMQQ holdings summary
as of Oct 23, 2026- Holdings
- 29 positions listed
- Top 10 weight
- 57.6% of net assets
- Effective holdings
- 17 equal-weight equivalent
- Largest holding
- MELI 7.66% MercadoLibre, Inc.
- Annual turnover
- 23.4% of the portfolio traded
All FMQQ holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | MELI | MercadoLibre, Inc. | Consumer Cyclical | 7.66% | $1.3M | $92.98B | 50.5 |
| 2 | RELIANCE | Reliance Industries Limited | Energy | 6.97% | $1.1M | — | — |
| 3 | NU | Nu Holdings Ltd. | Financial Services | 6.95% | $1.1M | $70.33B | 19.9 |
| 4 | XP | XP Inc. | Financial Services | 6.74% | $1.1M | $14.83B | 15.3 |
| 5 | ALE | Allegro.eu S.A. | Consumer Cyclical | 6.29% | $1.0M | — | — |
| 6 | SE | Sea Limited | Consumer Cyclical | 5.75% | $938,619.43 | $57.43B | 36.2 |
| 7 | ZOMATO | Zomato Limited | Consumer Cyclical | 5.21% | $851,345.12 | — | — |
| 8 | KSPI | Kaspi Bank Joint Stock Company | Technology | 4.69% | $765,328.56 | — | — |
| 9 | JIOFIN | JIO Financial Services Ltd | Financial Services | 3.83% | $625,849.74 | — | — |
| 10 | GRAB | Grab Holdings Limited | Technology | 3.48% | $568,042.56 | $12.03B | 26.7 |
| 11 | PAYTM | One 97 Communications Limited | Technology | 3.15% | $514,939.66 | — | — |
| 12 | 035420 | Naver Corporation | Communication Services | 2.58% | $420,772.26 | — | — |
| 13 | CPNG | Coupang, Inc. | Consumer Cyclical | 2.57% | $420,576.25 | $25.62B | — |
| 14 | NYKAA | FSN E-Commerce Ventures Limited | Consumer Cyclical | 2.38% | $388,626.31 | — | — |
| 15 | SWIGGY | SWIGGY LIMITED | Consumer Cyclical | 2.13% | $347,235.12 | — | — |
| 16 | POLICYBZR | PB Fintech Limited | Financial Services | 1.99% | $325,837.15 | — | — |
| 17 | MMYT | MakeMyTrip Limited | Consumer Cyclical | 1.81% | $295,438.97 | $4.38B | 233.0 |
| 18 | STNE | StoneCo Ltd. | Technology | 1.50% | $245,488.60 | $2.60B | 4.4 |
| 19 | DHER | Delivery Hero SE | Consumer Cyclical | 1.07% | $175,545.01 | — | — |
| 20 | PAGS | PagSeguro Digital Ltd. | Technology | 1.04% | $169,680.99 | $3.03B | 7.7 |
| 21 | 035720 | Kakao Corp | Communication Services | 1.00% | $163,980.31 | — | — |
| 22 | JUBLFOOD | Jubilant FoodWorks Ltd | Consumer Cyclical | 0.88% | $144,150.44 | — | — |
| 23 | 323410 | KakaoBank Corp | Financial Services | 0.74% | $121,576.40 | — | — |
| 24 | GOTO | GoTo Gojek Tokopedia PT | Technology | 0.74% | $120,645.34 | — | — |
| 25 | DLO | DLocal Limited | Technology | 0.58% | $94,902.44 | $4.32B | 21.6 |
| 26 | AFFLE | Affle (India) Limited | Communication Services | 0.46% | $74,435.53 | — | — |
| 27 | 036570 | NCsoft Corp | Communication Services | 0.41% | $67,166.75 | — | — |
| 28 | JMIA | Jumia Technologies AG | Consumer Cyclical | 0.39% | $63,295.52 | $779.0M | — |
| 29 | VKCO | VK Company Limited | Communication Services | 0.00% | $49.00 | — | — |
Weights as a percentage of net assets. Value held = weight × net assets ($16.3M). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
FMQQ sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Consumer Cyclical | 36.1% | 11 | MELI, ALE, SE |
| Financial Services | 20.3% | 5 | NU, XP, JIOFIN |
| Technology | 15.2% | 7 | KSPI, GRAB, PAYTM |
| Energy | 7.0% | 1 | RELIANCE |
| Communication Services | 4.4% | 5 | 035420, 035720, AFFLE |
Sum of the weights of the holdings in each sector.
FMQQ top industries
FMQQ overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| VXUS | Vanguard Total International Stock ETF | 0.4% | 16 of 8,035 | 0.05% |
| QQQ | Invesco QQQ ETF | 0.4% | 1 of 101 | 0.17% |
| IWM | iShares Russell 2000 ETF | 0.2% | 3 of 1,962 | 0.19% |
| VTI | Vanguard Total Stock Market ETF | 0.0% | 0 of 2,941 | 0.03% |
| SPY | SPDR S&P 500 ETF | 0.0% | 0 of 502 | 0.09% |
| 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 FMQQ portfolio
FMQQ The Next Frontier Internet & Ecommerce ETF holds 29 positions. The ten largest make up 57.6% of the fund, so it behaves like a portfolio of about 17 equally weighted positions. The biggest positions are MercadoLibre, Inc. (7.66%), Reliance Industries Limited (6.97%), Nu Holdings Ltd. (6.95%), XP Inc. (6.74%), Allegro.eu S.A. (6.29%).
By sector, Consumer Cyclical is 36.1%, Financial Services is 20.3%, Technology is 15.2%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 23, 2026; positions change as the fund rebalances.
Related: FMQQ chart, FMQQ performance, FMQQ dividends, FMQQ overview.
FMQQ holdings FAQ
How many holdings does FMQQ have?
FMQQ holds 29 positions as of October 23, 2026.
What are the top 10 holdings of FMQQ?
The ten largest holdings are MercadoLibre, Inc. (7.66%), Reliance Industries Limited (6.97%), Nu Holdings Ltd. (6.95%), XP Inc. (6.74%), Allegro.eu S.A. (6.29%), Sea Limited (5.75%), Zomato Limited (5.21%), Kaspi Bank Joint Stock Company (4.69%), JIO Financial Services Ltd (3.83%), Grab Holdings Limited (3.48%). Together they are 57.6% of the fund.
What percentage of FMQQ is MercadoLibre, Inc.?
MercadoLibre, Inc. is the largest holding at 7.66% of net assets, about $1.3M of the fund's $16.3M.
Which sector is the largest in FMQQ?
Consumer Cyclical is the largest sector at 36.1%, followed by Financial Services (20.3%) and Technology (15.2%), based on the sectors of the individual holdings.
How concentrated is FMQQ?
The top 10 holdings are 57.6% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) FMQQ behaves like a portfolio of about 17 equally weighted positions.