iShares MSCI USA Quality Factor ETF (QUAL) Holdings
QUAL holdings summary
as of Oct 25, 2026- Holdings
- 118 positions listed
- Top 10 weight
- 43.6% of net assets
- Effective holdings
- 35 equal-weight equivalent
- Largest holding
- MSFT 7.50% Microsoft Corporation
- Annual turnover
- 58.6% of the portfolio traded
Top 1043.6%
Top 2566.7%
Top 5084.1%
Top 10097.6%
All QUAL holdings
118 holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | MSFT | Microsoft Corporation | Technology | 7.50% | $3.61B | $3.93T | 29.5 |
| 2 | AAPL | Apple Inc. | Technology | 7.00% | $3.37B | $5.01T | 39.4 |
| 3 | NVDA | NVIDIA Corporation | Technology | 6.03% | $2.90B | $5.17T | 27.1 |
| 4 | META | Meta Platforms, Inc. | Communication Services | 4.33% | $2.09B | $1.81T | 26.7 |
| 5 | LLY | Eli Lilly and Company | Healthcare | 4.05% | $1.95B | $1.12T | 42.2 |
| 6 | TJX | The TJX Companies, Inc. | Consumer Cyclical | 3.76% | $1.81B | $162.06B | 27.3 |
| 7 | V | Visa Inc. | Financial Services | 3.39% | $1.63B | $755.84B | 34.3 |
| 8 | LRCX | Lam Research Corporation | Technology | 2.65% | $1.28B | $330.30B | 45.8 |
| 9 | XOM | Exxon Mobil Corporation | Energy | 2.52% | $1.21B | $735.95B | 23.0 |
| 10 | MA | Mastercard Incorporated | Financial Services | 2.36% | $1.14B | $540.87B | 34.0 |
| 11 | JNJ | Johnson & Johnson | Healthcare | 2.20% | $1.06B | $615.87B | 38.8 |
| 12 | AMAT | Applied Materials, Inc. | Technology | 2.19% | $1.06B | $324.81B | 35.3 |
| 13 | BRK.B | Berkshire Hathaway Inc. | Financial Services | 2.01% | $969.0M | $1.14T | 13.4 |
| 14 | KLAC | KLA Corporation | Technology | 1.97% | $947.9M | $216.29B | 45.3 |
| 15 | GOOGL | Alphabet Inc. | Communication Services | 1.84% | $884.5M | $4.17T | 17.1 |
| 16 | NFLX | Netflix, Inc. | Communication Services | 1.62% | $778.4M | $293.68B | 22.2 |
| 17 | MRK | Merck & Co., Inc. | Healthcare | 1.42% | $685.6M | $360.08B | 115.8 |
| 18 | GOOG | Alphabet Inc. | Communication Services | 1.42% | $685.5M | $4.12T | 16.9 |
| 19 | ROST | Ross Stores, Inc. | Consumer Cyclical | 1.42% | $682.8M | $75.68B | 28.6 |
| 20 | ADP | Automatic Data Processing, Inc. | Technology | 1.32% | $633.9M | $114.48B | 26.4 |
| 21 | ANET | Arista Networks, Inc. | Technology | 1.25% | $600.1M | $223.21B | 55.8 |
| 22 | FTNT | Fortinet, Inc. | Technology | 1.17% | $561.3M | $124.09B | 59.8 |
| 23 | COST | Costco Wholesale Corporation | Consumer Defensive | 1.14% | $549.2M | $438.30B | 47.6 |
| 24 | ADBE | Adobe Inc. | Technology | 1.08% | $522.3M | $95.43B | 13.7 |
| 25 | LIN | Linde plc | Basic Materials | 1.06% | $510.2M | $229.77B | 32.2 |
| 26 | WMT | Walmart Inc. | Consumer Defensive | 1.04% | $502.1M | $945.50B | 43.0 |
| 27 | ACN | Accenture plc | Technology | 1.01% | $486.5M | $140.55B | 16.9 |
| 28 | LMT | Lockheed Martin Corporation | Industrials | 0.93% | $448.7M | $127.42B | 20.3 |
| 29 | GRMN | Garmin Ltd. | Technology | 0.93% | $447.5M | $54.92B | 29.4 |
| 30 | PG | The Procter & Gamble Company | Consumer Defensive | 0.89% | $430.0M | $370.12B | 24.1 |
| 31 | MMM | 3M Company | Industrials | 0.89% | $428.3M | $84.97B | 29.3 |
| 32 | KO | The Coca-Cola Company | Consumer Defensive | 0.84% | $402.9M | $404.01B | 28.2 |
| 33 | TT | Trane Technologies plc | Industrials | 0.77% | $372.8M | $100.97B | 34.2 |
| 34 | ITW | Illinois Tool Works Inc. | Industrials | 0.77% | $372.2M | $77.55B | 24.7 |
| 35 | WSM | Williams-Sonoma, Inc. | Consumer Cyclical | 0.77% | $371.8M | $29.46B | 25.7 |
| 36 | CMG | Chipotle Mexican Grill, Inc. | Consumer Cyclical | 0.76% | $364.8M | $37.82B | 27.4 |
| 37 | PLD | Prologis, Inc. | Real Estate | 0.74% | $358.5M | $122.24B | 27.7 |
| 38 | GILD | Gilead Sciences, Inc. | Healthcare | 0.74% | $354.5M | $193.67B | — |
| 39 | CTAS | Cintas Corporation | Industrials | 0.67% | $325.1M | $84.85B | 42.1 |
| 40 | ULTA | Ulta Beauty, Inc. | Consumer Cyclical | 0.58% | $277.6M | $25.35B | 21.6 |
| 41 | INTU | Intuit Inc. | Technology | 0.56% | $271.1M | $86.89B | 19.8 |
| 42 | HWM | Howmet Aerospace Inc. | Industrials | 0.56% | $269.0M | $88.12B | 47.6 |
| 43 | FAST | Fastenal Company | Industrials | 0.54% | $259.2M | $58.55B | 41.5 |
| 44 | XEL | Xcel Energy Inc. | Utilities | 0.51% | $246.5M | $47.67B | 20.9 |
| 45 | GWW | W.W. Grainger, Inc. | Industrials | 0.51% | $246.1M | $62.68B | 33.9 |
| 46 | BLK | BlackRock, Inc. | Financial Services | 0.50% | $241.5M | $184.31B | 25.8 |
| 47 | CDNS | Cadence Design Systems, Inc. | Technology | 0.49% | $235.3M | $88.13B | 63.5 |
| 48 | ED | Consolidated Edison, Inc. | Utilities | 0.49% | $235.2M | $41.52B | 18.2 |
| 49 | APP | AppLovin Corporation | Communication Services | 0.47% | $226.7M | $89.40B | 20.5 |
| 50 | VRTX | Vertex Pharmaceuticals Incorporated | Healthcare | 0.45% | $218.6M | $126.66B | 28.9 |
| 51 | FIX | Comfort Systems USA, Inc. | Industrials | 0.45% | $217.3M | $50.65B | 35.4 |
| 52 | MSI | Motorola Solutions, Inc. | Technology | 0.44% | $213.6M | $76.65B | 36.5 |
| 53 | ATO | Atmos Energy Corporation | Utilities | 0.42% | $201.2M | $28.28B | 19.9 |
| 54 | PGR | The Progressive Corporation | Financial Services | 0.41% | $199.8M | $126.81B | 11.0 |
| 55 | BBY | Best Buy Co., Inc. | Consumer Cyclical | 0.41% | $196.5M | $19.43B | 15.4 |
| 56 | SCHW | The Charles Schwab Corporation | Financial Services | 0.40% | $194.6M | $159.03B | 15.7 |
| 57 | PHM | PulteGroup, Inc. | Consumer Cyclical | 0.40% | $192.8M | $21.63B | 11.6 |
| 58 | SPGI | S&P Global Inc. | Financial Services | 0.38% | $183.2M | $126.66B | 26.1 |
| 59 | ADSK | Autodesk, Inc. | Technology | 0.38% | $182.2M | $50.14B | 31.1 |
| 60 | CME | CME Group Inc. | Financial Services | 0.37% | $176.5M | $105.67B | 24.9 |
| 61 | NVR | NVR, Inc. | Consumer Cyclical | 0.36% | $172.0M | $15.78B | 15.4 |
| 62 | CB | Chubb Limited | Financial Services | 0.35% | $169.9M | $138.81B | 12.7 |
| 63 | PEP | PepsiCo, Inc. | Consumer Defensive | 0.35% | $167.2M | $179.19B | 16.5 |
| 64 | SHW | The Sherwin-Williams Company | Basic Materials | 0.34% | $166.1M | $81.37B | 30.9 |
| 65 | EOG | EOG Resources, Inc. | Energy | 0.34% | $162.9M | $82.88B | 12.3 |
| 66 | AEE | Ameren Corporation | Utilities | 0.33% | $158.2M | $29.37B | 18.7 |
| 67 | PSA | Public Storage | Real Estate | 0.32% | $152.0M | $55.74B | 28.5 |
| 68 | MCO | Moody's Corporation | Financial Services | 0.31% | $151.4M | $84.00B | 30.8 |
| 69 | PAYX | Paychex, Inc. | Technology | 0.30% | $145.4M | $39.74B | 22.1 |
| 70 | ECL | Ecolab Inc. | Basic Materials | 0.30% | $142.8M | $80.98B | 38.8 |
| 71 | AWK | American Water Works Company, Inc. | Utilities | 0.30% | $142.7M | $26.82B | 23.4 |
| 72 | DECK | Deckers Outdoor Corporation | Consumer Cyclical | 0.29% | $139.8M | $11.67B | 12.1 |
| 73 | IDXX | IDEXX Laboratories, Inc. | Healthcare | 0.29% | $138.2M | $44.20B | 39.8 |
| 74 | MRSH | Marsh & McLennan Companies, Inc. | Financial Services | 0.29% | $138.2M | $89.88B | 22.5 |
| 75 | TER | Teradyne, Inc. | Technology | 0.28% | $136.2M | $50.81B | 44.6 |
| 76 | SLB | Schlumberger Limited | Energy | 0.28% | $133.6M | $73.47B | 23.9 |
| 77 | VMRK | Vivmark Residential | Real Estate | 0.28% | $133.0M | $47.40B | 23.5 |
| 78 | ODFL | Old Dominion Freight Line, Inc. | Industrials | 0.28% | $132.5M | $39.04B | 36.1 |
| 79 | TRV | The Travelers Companies, Inc. | Financial Services | 0.27% | $131.3M | $81.25B | 10.5 |
| 80 | NTAP | NetApp, Inc. | Technology | 0.27% | $127.7M | $40.03B | 28.7 |
| 81 | EME | EMCOR Group, Inc. | Industrials | 0.25% | $120.4M | $31.83B | 22.5 |
| 82 | CBRE | CBRE Group, Inc. | Real Estate | 0.24% | $113.4M | $38.54B | 30.5 |
| 83 | AMP | Ameriprise Financial, Inc. | Financial Services | 0.22% | $105.3M | $44.24B | 12.1 |
| 84 | EXPD | Expeditors International of Washington, Inc. | Industrials | 0.22% | $104.5M | $25.47B | 28.5 |
| 85 | CTSH | Cognizant Technology Solutions Corporation | Technology | 0.22% | $104.0M | $29.74B | 14.2 |
| 86 | JBL | Jabil Inc. | Technology | 0.19% | $93.6M | $29.16B | 28.5 |
| 87 | DVN | Devon Energy Corporation | Energy | 0.18% | $89.1M | $55.80B | 11.1 |
| 88 | MNST | Monster Beverage Corporation | Consumer Defensive | 0.16% | $78.3M | $89.59B | 42.3 |
| 89 | PYPL | PayPal Holdings, Inc. | Financial Services | 0.16% | $77.5M | $48.50B | 10.7 |
| 90 | FFIV | F5, Inc. | Technology | 0.16% | $75.7M | $25.03B | 35.2 |
| 91 | WAT | Waters Corporation | Healthcare | 0.15% | $74.7M | $42.90B | 110.6 |
| 92 | AFL | Aflac Incorporated | Financial Services | 0.15% | $73.0M | $60.15B | 12.9 |
| 93 | ZTS | Zoetis Inc. | Healthcare | 0.15% | $71.0M | $32.80B | 13.1 |
| 94 | EW | Edwards Lifesciences Corporation | Healthcare | 0.15% | $70.8M | $49.92B | 51.5 |
| 95 | RMD | ResMed Inc. | Healthcare | 0.13% | $63.3M | $33.61B | 22.9 |
| 96 | HIG | The Hartford Financial Services Group, Inc. | Financial Services | 0.13% | $60.9M | $36.60B | 9.6 |
| 97 | LII | Lennox International Inc. | Industrials | 0.13% | $60.7M | $12.36B | 15.8 |
| 98 | CBOE | Cboe Global Markets, Inc. | Financial Services | 0.12% | $57.0M | $32.89B | 24.6 |
| 99 | DXCM | DexCom, Inc. | Healthcare | 0.11% | $52.1M | $32.47B | 34.1 |
| 100 | TPL | Texas Pacific Land Corporation | Energy | 0.10% | $50.3M | $24.20B | 44.8 |
| 101 | ACGL | Arch Capital Group Ltd. | Financial Services | 0.10% | $47.0M | $34.56B | 7.9 |
| 102 | HAL | Halliburton Company | Energy | 0.09% | $42.6M | $27.91B | 17.6 |
| 103 | WTW | Willis Towers Watson Public Limited Company | Financial Services | 0.09% | $42.5M | $29.30B | 19.5 |
| 104 | WST | West Pharmaceutical Services, Inc. | Healthcare | 0.09% | $41.8M | $27.03B | 49.4 |
| 105 | ROL | Rollins, Inc. | Consumer Cyclical | 0.09% | $41.0M | $16.09B | 30.4 |
| 106 | RJF | Raymond James Financial, Inc. | Financial Services | 0.08% | $39.8M | $30.16B | 13.7 |
| 107 | OMC | Omnicom Group Inc. | Communication Services | 0.08% | $39.8M | $22.10B | 212.0 |
| 108 | TROW | T. Rowe Price Group, Inc. | Financial Services | 0.08% | $37.5M | $21.54B | 10.1 |
| 109 | CDE | Coeur Mining, Inc. | Basic Materials | 0.08% | $37.2M | $15.90B | 13.2 |
| 110 | EXE | Expand Energy Corporation | Energy | 0.08% | $36.6M | $21.62B | 8.1 |
| 111 | UTHR | United Therapeutics Corporation | Healthcare | 0.07% | $34.9M | $22.87B | 19.1 |
| 112 | RF | Regions Financial Corporation | Financial Services | 0.07% | $33.7M | $23.39B | 11.2 |
| 113 | FN | Fabrinet | Technology | 0.07% | $33.5M | $13.03B | 27.9 |
| 114 | HSY | The Hershey Company | Consumer Defensive | 0.05% | $25.8M | $34.32B | 23.3 |
| 115 | WRB | W. R. Berkley Corporation | Financial Services | 0.05% | $25.5M | $28.00B | 15.5 |
| 116 | CHD | Church & Dwight Co., Inc. | Consumer Defensive | 0.05% | $22.7M | $24.79B | 33.5 |
| 117 | TW | Tradeweb Markets Inc. | Financial Services | 0.05% | $22.3M | $24.52B | 27.2 |
| 118 | MKC | McCormick & Company, Incorporated | Consumer Defensive | 0.03% | $12.0M | $12.47B | 8.4 |
Weights as a percentage of net assets. Value held = weight × net assets ($48.17B). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
QUAL sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Technology | 37.4% | 23 | MSFT, AAPL, NVDA |
| Financial Services | 12.3% | 24 | V, MA, BRK.B |
| Healthcare | 10.0% | 13 | LLY, JNJ, MRK |
| Communication Services | 9.8% | 6 | META, GOOGL, NFLX |
| Consumer Cyclical | 8.8% | 10 | TJX, ROST, WSM |
| Industrials | 7.0% | 13 | LMT, MMM, TT |
| Consumer Defensive | 4.5% | 9 | COST, WMT, PG |
| Energy | 3.6% | 7 | XOM, EOG, SLB |
| Utilities | 2.0% | 5 | XEL, ED, ATO |
| Basic Materials | 1.8% | 4 | LIN, SHW, ECL |
| Real Estate | 1.6% | 4 | PLD, PSA, VMRK |
Sum of the weights of the holdings in each sector.
QUAL top industries
Software - Infrastructure
9.1%
Drug Manufacturers - General
8.4%
Internet Content & Information
7.6%
Semiconductor Equipment & Materials
7.1%
Consumer Electronics
7.0%
Semiconductors
6.0%
Credit Services
5.9%
Apparel Retail
5.2%
Software - Application
4.1%
Oil & Gas Integrated
2.5%
Insurance - Diversified
2.2%
Discount Stores
2.2%
Specialty Retail
1.8%
Specialty Chemicals
1.7%
Entertainment
1.6%
QUAL overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| SIZE | iShares MSCI USA Size Factor ETF | 97.7% | 118 of 118 | 0.15% |
| OMFL | Oppenheimer Russell 1000 Dynamic Multifactor | 55.5% | 112 of 630 | 0.28% |
| DUHP | DFA Investment Dimensions Group | 54.4% | 61 of 158 | 0.21% |
| VSLU | Applied Finance Valuation Large Cap ETF | 51.5% | 94 of 440 | 0.46% |
| SPY | SPDR S&P 500 ETF | 45.2% | 113 of 502 | 0.09% |
| GARP | iShares MSCI USA Quality GARP ETF | 45.2% | 31 of 130 | 0.15% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the QUAL portfolio
iShares MSCI USA Quality Factor ETF holds 118 positions. The ten largest make up 43.6% of the fund and the top 50 84.1%, so it behaves like a portfolio of about 35 equally weighted stocks. The biggest positions are Microsoft Corporation (7.50%), Apple Inc. (7.00%), NVIDIA Corporation (6.03%), Meta Platforms, Inc. (4.33%), Eli Lilly and Company (4.05%).
By sector, Technology is 37.4%, Financial Services is 12.3%, Healthcare is 10.0%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: QUAL chart, QUAL performance, QUAL dividends, QUAL valuation, QUAL overview.
QUAL holdings FAQ
How many holdings does QUAL have?
QUAL holds 118 positions as of October 25, 2026.
What are the top 10 holdings of QUAL?
The ten largest holdings are Microsoft Corporation (7.50%), Apple Inc. (7.00%), NVIDIA Corporation (6.03%), Meta Platforms, Inc. (4.33%), Eli Lilly and Company (4.05%), The TJX Companies, Inc. (3.76%), Visa Inc. (3.39%), Lam Research Corporation (2.65%), Exxon Mobil Corporation (2.52%), Mastercard Incorporated (2.36%). Together they are 43.6% of the fund.
What percentage of QUAL is Microsoft Corporation?
Microsoft Corporation is the largest holding at 7.50% of net assets, about $3.61B of the fund's $48.17B.
Which sector is the largest in QUAL?
Technology is the largest sector at 37.4%, followed by Financial Services (12.3%) and Healthcare (10.0%), based on the sectors of the individual holdings.
How concentrated is QUAL?
The top 10 holdings are 43.6% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) QUAL behaves like a portfolio of about 35 equally weighted stocks.