Nomura Transformational Technologies ETF (FRWD) Holdings
FRWD holdings summary
as of Oct 25, 2026- Holdings
- 27 positions listed
- Top 10 weight
- 55.0% of net assets
- Effective holdings
- 22 equal-weight equivalent
- Largest holding
- NVDA 9.33% NVIDIA Corporation
- Annual turnover
- — of the portfolio traded
All FRWD holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA Corporation | Technology | 9.33% | $23.4M | $5.17T | 27.1 |
| 2 | AMD | Advanced Micro Devices, Inc. | Technology | 6.40% | $16.0M | $863.17B | 134.9 |
| 3 | STX | Seagate Technology Holdings plc | Technology | 6.25% | $15.7M | $145.31B | 46.0 |
| 4 | TSM | Taiwan Semiconductor Manufacturing Company Limited | Technology | 6.02% | $15.1M | $2.14T | 26.7 |
| 5 | MSFT | Microsoft Corporation | Technology | 5.97% | $15.0M | $3.93T | 29.5 |
| 6 | AMZN | Amazon.com, Inc. | Consumer Cyclical | 4.73% | $11.9M | $2.70T | 20.1 |
| 7 | ASML | ASML Holding N.V. | Technology | 4.31% | $10.8M | $632.67B | 40.4 |
| 8 | LRCX | Lam Research Corporation | Technology | 4.22% | $10.6M | $330.30B | 45.8 |
| 9 | AVGO | Broadcom Inc. | Technology | 3.91% | $9.8M | $1.57T | 43.3 |
| 10 | SSNLF | Samsung Electronics Co Ltd | Technology | 3.91% | $9.8M | — | — |
| 11 | TXN | Texas Instruments Incorporated | Technology | 3.81% | $9.6M | $252.49B | 42.1 |
| 12 | WDC | Western Digital Corporation | Technology | 3.71% | $9.3M | $124.28B | 12.3 |
| 13 | MU | Micron Technology, Inc. | Technology | 3.66% | $9.2M | $994.34B | 11.8 |
| 14 | DASH | DoorDash, Inc. | Consumer Cyclical | 3.24% | $8.1M | $81.96B | 99.6 |
| 15 | MELI | MercadoLibre, Inc. | Consumer Cyclical | 3.23% | $8.1M | $92.98B | 50.5 |
| 16 | U | Unity Software Inc. | Technology | 3.14% | $7.9M | $17.78B | — |
| 17 | SPCX | Space Exploration Technologies Corp. | Industrials | 2.76% | $6.9M | $1.92T | — |
| 18 | KTOS | Kratos Defense & Security Solutions, Inc. | Industrials | 2.67% | $6.7M | $7.59B | 237.8 |
| 19 | NOW | ServiceNow, Inc. | Technology | 2.66% | $6.7M | $146.78B | 88.7 |
| 20 | SPOT | Spotify Technology S.A | Communication Services | 2.55% | $6.4M | $109.07B | 30.5 |
| 21 | CLS | Celestica Inc. | Technology | 2.47% | $6.2M | — | — |
| 22 | SHOP | Shopify Inc. | Technology | 2.38% | $6.0M | $219.98B | 114.5 |
| 23 | BKNG | Booking Holdings Inc. | Consumer Cyclical | 2.30% | $5.8M | $122.81B | 18.1 |
| 24 | META | Meta Platforms, Inc. | Communication Services | 1.79% | $4.5M | $1.81T | 26.7 |
| 25 | AGPXX | Invesco Short-Term Investments Trust Government & Agency Portfolio Institutional | Other | 1.75% | $4.4M | — | — |
| 26 | GOOGL | Alphabet Inc. | Communication Services | 1.10% | $2.8M | $4.17T | 17.1 |
| 27 | CDNS | Cadence Design Systems, Inc. | Technology | 0.68% | $1.7M | $88.13B | 63.5 |
Weights as a percentage of net assets. Value held = weight × net assets ($250.8M). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
FRWD sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Technology | 72.8% | 17 | NVDA, AMD, STX |
| Consumer Cyclical | 13.5% | 4 | AMZN, DASH, MELI |
| Communication Services | 5.4% | 3 | SPOT, META, GOOGL |
| Industrials | 5.4% | 2 | SPCX, KTOS |
| Other | 1.8% | 1 | AGPXX |
Sum of the weights of the holdings in each sector.
FRWD top industries
FRWD overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| SEMI | Columbia Seligman Semiconductor & Technology ETF | 48.4% | 16 of 35 | 0.75% |
| JHAI | Janus Henderson Global Artificial… | 47.7% | 16 of 49 | — |
| ALAI | The Alger ETF | 45.9% | 15 of 67 | 0.53% |
| TEK | iShares Technology Opportunities Active ETF | 43.6% | 13 of 51 | — |
| CNEQ | The Alger ETF | 42.4% | 10 of 27 | 0.56% |
| TTEQ | T. Rowe Price Technology ETF | 41.5% | 13 of 69 | 0.60% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the FRWD portfolio
Nomura Transformational Technologies ETF holds 27 positions. The ten largest make up 55.0% of the fund, so it behaves like a portfolio of about 22 equally weighted stocks. The biggest positions are NVIDIA Corporation (9.33%), Advanced Micro Devices, Inc. (6.40%), Seagate Technology Holdings plc (6.25%), Taiwan Semiconductor Manufacturing Company Limited (6.02%), Microsoft Corporation (5.97%).
By sector, Technology is 72.8%, Consumer Cyclical is 13.5%, Communication Services is 5.4%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: FRWD chart, FRWD valuation, FRWD overview.
FRWD holdings FAQ
How many holdings does FRWD have?
FRWD holds 27 positions as of October 25, 2026.
What are the top 10 holdings of FRWD?
The ten largest holdings are NVIDIA Corporation (9.33%), Advanced Micro Devices, Inc. (6.40%), Seagate Technology Holdings plc (6.25%), Taiwan Semiconductor Manufacturing Company Limited (6.02%), Microsoft Corporation (5.97%), Amazon.com, Inc. (4.73%), ASML Holding N.V. (4.31%), Lam Research Corporation (4.22%), Broadcom Inc. (3.91%), Samsung Electronics Co Ltd (3.91%). Together they are 55.0% of the fund.
What percentage of FRWD is NVIDIA Corporation?
NVIDIA Corporation is the largest holding at 9.33% of net assets, about $23.4M of the fund's $250.8M.
Which sector is the largest in FRWD?
Technology is the largest sector at 72.8%, followed by Consumer Cyclical (13.5%) and Communication Services (5.4%), based on the sectors of the individual holdings.
How concentrated is FRWD?
The top 10 holdings are 55.0% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) FRWD behaves like a portfolio of about 22 equally weighted stocks.