iShares Top 20 U.S. Stocks ETF
TOPT
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 400 Howard Street, San Francisco, CA 94105 United States of America
- IPO Date
- Oct 24, 2024
- Website
- ishares.com
- Similar Companies
- Business
- iShares Top 20 U.S. Stocks ETF (TOPT) is an exchange-traded fund that seeks to track the investment results of the S&P 500 Top 20 Select Index, which measures the performance of the 20 largest U.S. companies by float-adjusted market capitalization within the S&P 500 Index. The fund provides investors with concentrated exposure to leading U.S. equities across sectors including technology, financials, healthcare, and consumer discretionary; top holdings typically include NVIDIA Corp., Apple Inc., Microsoft Corp., Tesla Inc., JPMorgan Chase & Co., Berkshire Hathaway Inc. Class B, Eli Lilly & Co., Amazon.com Inc., Broadcom Inc., and Alphabet Inc. Class A, weighted by float-adjusted market capitalization with capping. Launched on October 23, 2024, and managed by BlackRock with a net expense ratio of 0.20%, the ETF dynamically rebalances quarterly on the third Friday of March, June, September, and December to reflect the current top 20 constituents. Headquartered in New York through its issuer BlackRock, Inc., TOPT trades on NYSE Arca and targets institutional and retail investors seeking efficient access to mega-cap U.S. stocks. As of late 2025, the fund manages approximately $458.5 million in assets under management, with 14.8 million shares outstanding and a NAV around $30.99, reflecting strong growth since inception with inception-to-date returns of 24.19%. Recent portfolio updates show continued dominance by mega-cap technology leaders, with the top 10 holdings comprising over 72% of assets amid market rotations. No major acquisitions, partnerships, or strategic shifts specific to TOPT have been announced in the past year; however, its issuer BlackRock completed high-profile deals including the $12.5 billion acquisition of Global Infrastructure Partners in 2024 and an agreement to acquire HPS Investment Partners in December 2024, bolstering the firm's broader ETF ecosystem. The ETF remains focused on its core large-cap U.S. equity strategy without ESG overlays or leverage.