iShares Nasdaq Top 30 Stocks ETF (QTOP) is an exchange-traded fund that seeks to track the investment results of an index composed of the 30 largest companies by market capitalization within the Nasdaq-100 Index, with components weighted by market capitalization subject to capping limits; the fund provides concentrated exposure to large-cap growth stocks, primarily in technology and innovative sectors including top holdings such as NVIDIA Corporation (approximately 13%), Microsoft Corporation (11%), Apple Inc. (10%), Amazon.com Inc. (7%), and Broadcom Inc. (5%). Launched on October 24, 2024, and sponsored by BlackRock, Inc., the ETF operates as a passively managed vehicle with an expense ratio of 0.20%, approximately 35 holdings, and total net assets exceeding $190 million as of late 2025. Headquartered in New York at 50 Hudson Yards, BlackRock manages the fund through a team including portfolio managers Jennifer Hsui, Peter Sietsema, Matt Waldron, and Steven White.
The ETF targets investors seeking efficient access to mega-cap U.S. equities driving market innovation, with geographic focus on the United States across blended development regions; it features daily pricing, physical full replication where applicable in related products, and no sustainable, impact, or ESG investment strategy. Key portfolio characteristics emphasize high concentration in the top 10 holdings (around 67%), a P/E ratio of approximately 36, and sector allocations dominated by information technology, communication services, and consumer discretionary.
In recent developments, BlackRock launched QTOP alongside companion iShares ETFs including iShares Top 20 U.S. Stocks ETF (TOPT) and iShares Nasdaq-100 ex-Top 30 ETF (QNXT) on October 24, 2024, to offer investors customizable exposure to U.S. large-cap leaders amid rising mega-cap prominence. The University of California became an early investor in QTOP, highlighting its appeal for portfolio growth strategies. In January 2025, BlackRock extended the strategy to European investors with the launch of iShares Nasdaq 100 Top 30 UCITS ETF and related ex-Top 30 UCITS ETF, accumulating USD 107 billion in European U.S. equity ETP inflows in 2024; no major acquisitions, funding rounds, or operational reorganizations specific to QTOP have been reported through December 2025.