INRO holdings and overlap
iShares U.S. Industry Rotation Active ETF (INRO) holds 343 positions in its iShares file of 2026-10-27. Its three largest are Apple (AAPL) at 8.36%, Nvidia (NVDA) at 7.96% and Microsoft (MSFT) at 5.95%, and its ten largest make up 38.7% of the fund.
In its iShares file of 2026-10-27, INRO is 40.2% technology, 12.0% financials and 10.1% health care by sector, with 36.9% in mega-cap tech and 38.7% in the ten largest US companies by market value.
What does INRO hold, as of its issuer file of 2026-10-27?
Apple is 8.36% of INRO on its own, against a median largest position of 7.6% across the 72 US Large Blend funds with a page here. 140 of the 594 funds with a page hold AAPL, and INRO gives it more weight than all but 27 of them.
| Rank | Company | Weight | Weight bar |
|---|---|---|---|
| 1 | AAPL Apple | 8.36% | |
| 2 | NVDA Nvidia | 7.96% | |
| 3 | MSFT Microsoft | 5.95% | |
| 4 | AMZN Amazon | 3.58% | |
| 5 | GOOGL Alphabet Class A | 2.91% | |
| 6 | GOOG Alphabet Class C | 2.16% | |
| 7 | META Meta Platforms | 2.04% | |
| 8 | AVGO Broadcom | 2.01% | |
| 9 | TSLA Tesla | 1.91% | |
| 10 | JPM JPMorgan Chase | 1.83% | |
| 11 | MU Micron Technology | 1.65% | |
| 12 | LLY Eli Lilly | 1.53% | |
| 13 | AMD Advanced Micro Devices | 1.5% | |
| 14 | MA Mastercard | 1.38% | |
| 15 | WMT Walmart | 1.24% | |
| 16 | BRK.B Berkshire Hathaway | 1.18% | |
| 17 | PG Procter & Gamble | 1.08% | |
| 18 | JNJ Johnson & Johnson | 1.03% | |
| 19 | V Visa | 0.99% | |
| 20 | XOM ExxonMobil | 0.89% | |
| 21 | TDY Teledyne Technologies | 0.89% | |
| 22 | BAC Bank of America | 0.87% | |
| 23 | CVX Chevron | 0.87% | |
| 24 | LRCX Lam Research | 0.81% | |
| 25 | GS Goldman Sachs | 0.78% | |
| 26 | MRK Merck | 0.73% | |
| 27 | WFC Wells Fargo | 0.72% | |
| 28 | CAT Caterpillar | 0.71% | |
| 29 | UNH UnitedHealth Group | 0.71% | |
| 30 | GEV GE Vernova | 0.68% | |
| 31 | INTC Intel | 0.65% | |
| 32 | COST Costco | 0.63% | |
| 33 | CSCO Cisco | 0.62% | |
| 34 | GE GE Aerospace | 0.61% | |
| 35 | SPCX Space Exploration Technologies Cor | 0.61% | |
| 36 | MDT Medtronic | 0.6% | |
| 37 | PLTR Palantir Technologies | 0.59% | |
| 38 | ETN Eaton | 0.57% | |
| 39 | C Citigroup | 0.56% | |
| 40 | WMB Williams Companies | 0.55% | |
| 41 | AMAT Applied Materials | 0.54% | |
| 42 | TRV Travelers Companies | 0.51% | |
| 43 | AME Ametek | 0.5% | |
| 44 | KLAC KLA | 0.5% | |
| 45 | PFE Pfizer | 0.49% | |
| 46 | XEL Xcel Energy | 0.46% | |
| 47 | MET MetLife | 0.45% | |
| 48 | ANET Arista Networks | 0.44% | |
| 49 | PANW Palo Alto Networks | 0.44% | |
| 50 | AMGN Amgen | 0.43% | |
| 51 | PEP PepsiCo | 0.42% | |
| 52 | HD Home Depot | 0.4% | |
| 53 | MRVL Marvell Technology | 0.4% | |
| 54 | VZ Verizon | 0.39% | |
| 55 | ABBV AbbVie | 0.39% | |
| 56 | APH Amphenol | 0.39% | |
| 57 | NEE NextEra Energy | 0.38% | |
| 58 | MCD McDonald's | 0.37% | |
| 59 | GXO GXO Logistics | 0.36% | |
| 60 | ORCL Oracle | 0.36% | |
| 61 | SNDK Sandisk | 0.36% | |
| 62 | IBM IBM | 0.35% | |
| 63 | TMO Thermo Fisher Scientific | 0.34% | |
| 64 | KO Coca-Cola | 0.34% | |
| 65 | ABT Abbott Laboratories | 0.32% | |
| 66 | NEM Newmont | 0.31% | |
| 67 | CVS CVS Health | 0.31% | |
| 68 | SLB Schlumberger | 0.3% | |
| 69 | TXN Texas Instruments | 0.3% | |
| 70 | GILD Gilead Sciences | 0.29% | |
| 71 | AON Aon | 0.29% | |
| 72 | WDC Western Digital | 0.29% | |
| 73 | KMB Kimberly-Clark | 0.29% | |
| 74 | HONA Honeywell Aerospace Inc | 0.29% | |
| 75 | LH Labcorp | 0.29% | |
| 76 | BKR Baker Hughes | 0.29% | |
| 77 | QCOM Qualcomm | 0.28% | |
| 78 | BA Boeing | 0.28% | |
| 79 | CLX Clorox | 0.28% | |
| 80 | PM Philip Morris International | 0.28% | |
| 81 | TOL Toll Brothers | 0.27% | |
| 82 | MSI Motorola Solutions | 0.27% | |
| 83 | VLO Valero Energy | 0.26% | |
| 84 | MPC Marathon Petroleum | 0.26% | |
| 85 | SRE Sempra | 0.26% | |
| 86 | DELL Dell Technologies | 0.25% | |
| 87 | KHC Kraft Heinz | 0.25% | |
| 88 | MTD Mettler Toledo | 0.24% | |
| 89 | BDX Becton Dickinson | 0.24% | |
| 90 | CRM Salesforce | 0.23% | |
| 91 | BKNG Booking | 0.23% | |
| 92 | SPGI S&P Global | 0.23% | |
| 93 | DIS Walt Disney | 0.22% | |
| 94 | SCI Service Corporation International | 0.21% | |
| 95 | TER Teradyne | 0.21% | |
| 96 | UBER Uber | 0.2% | |
| 97 | INGM Ingram Micro Holding | 0.2% | |
| 98 | GFL GFL Environmental Inc. Subordinate voting shares, no par | 0.2% | |
| 99 | UNM Unum Group | 0.2% | |
| 100 | EXE Expand Energy | 0.2% |
The most recent file iShares has published for INRO is dated 2026-10-27, 1 day before these prices, which is the median for the iShares ETFs covered here. Every one of the 343 positions INRO holds, with its weight, is in the fund's JSON file. See the other 139 ETFs with a page here that hold AAPL, and how their weights compare with the 8.36% INRO gives it.
Category: US Large Blend, set by TickerInside from the ETF's own latest file. In its file of 2026-10-27, 99% of its stocks are US companies; weighted by holding, they sit where 43% of their market's value is in larger companies (large: up to 78%); growth index funds hold 55% of their value against 58% for companies of the same sizes in the whole market (blend: within 10 points). How categories are set.
https://tickerinside.com/api/v1/fund/inro.jsonhttps://tickerinside.com/api/v1/fund/inro.csv=IMPORTDATA("https://tickerinside.com/api/v1/fund/inro.csv")If your sheet uses a decimal comma: =IMPORTDATA("https://tickerinside.com/api/v1/fund/inro.csv"; ","; "en_US")curl -s https://tickerinside.com/api/v1/fund/inro.jsonHow much money went into or out of INRO?
On the close of Friday, October 23, 2026, INRO neither created nor redeemed shares. Over its last 5 closes, a net inflow of $5.1 million.
From INRO's own holdings files. Every ETF's latest flows.
How is INRO split by sector?
| Sector | Weight | Weight bar |
|---|---|---|
| Technology | 40.2% | |
| Financials | 12.0% | |
| Health care | 10.1% | |
| Consumer discretionary | 8.9% | |
| Communication services | 8.8% | |
| Industrials | 7.0% | |
| Consumer staples | 5.8% | |
| Energy | 4.0% | |
| Utilities | 1.6% | |
| Materials | 1.1% | |
| Real estate | 0.2% |
From its iShares file of 2026-10-27. How these are measured.
What did INRO hold in its SEC reports since 2024?
In INRO's SEC filings, its largest position went from Microsoft (MSFT) at 7.48% on 2024-04-30 to Apple Inc. (AAPL) at 7.71% on 2026-07-31, across 10 quarterly reports.
| Report | Positions | Largest | Top 10 |
|---|---|---|---|
| 2024-04-30 | 358 | MSFT 7.48% | 39.9% |
| 2024-10-31 | 448 | NVDA 6.95% | 37.6% |
| 2025-10-31 | 470 | NVDA 8.56% | 41.1% |
| 2026-07-31 | 293 | AAPL 7.71% | 38.3% |
The first report, then the last of each year, of the 10 reports INRO filed on SEC Form N-PORT from 2024-04-30 to 2026-07-31, each company under its ticker today. Every position of every report is in its quarterly file, and at any date at /api/v1/history/inro/{date}.json. How these are read.
What does INRO duplicate?
The ETF nearest to INRO is XYLD: the two hold 76.2% of their weight in common, in the 237 companies both own, and 93.2% of INRO itself is also held there. Owning INRO alongside the ETFs at the top of this table means holding mostly the same companies twice.
| ETF | Overlap by weight | Of INRO held there | Of that ETF in INRO | Companies in both | Overlap bar |
|---|---|---|---|---|---|
| XYLD | 76.2% | 93.2% | 84.7% | 237 | |
| SPY | 75.5% | 93.2% | 84.6% | 237 | |
| SPYM | 75.4% | 93.2% | 84.6% | 237 | |
| IVV | 75.4% | 93.2% | 84.6% | 237 | |
| PBUS | 75.0% | 94.1% | 83.7% | 244 | |
| SPYX | 74.2% | 89.8% | 84.8% | 227 | |
| MGC | 73.9% | 81.3% | 92.8% | 126 | |
| VV | 73.7% | 92.4% | 85.4% | 222 | |
| SCHX | 73.3% | 97.3% | 81.9% | 299 | |
| IYY | 73.1% | 98.8% | 80.8% | 319 | |
| SPYI | 73.1% | 93.2% | 84.3% | 236 | |
| VOO | 73.1% | 93.2% | 84.3% | 236 |
MGC's holdings are from its SEC Form N-PORT for the period ended 2026-05-31, filed 2026-07-29. The holdings of VV and VOO are from their SEC Form N-PORT filings for the period ended 2026-06-30, filed 2026-08-28. SCHX's holdings are from its SEC Form N-PORT for the period ended 2026-08-31, filed 2026-10-27. SPYI's holdings are from its SEC Form N-PORT for the period ended 2026-06-30, filed 2026-08-25. The other ETFs' holdings are from their issuers' latest files. Check INRO against any ETF in the ETF overlap calculator · how overlap is measured.
What adds something different to INRO?
TAN shares 0% of weight with INRO and its weekly returns correlate with it at 0.37 over three years. The table lists the covered ETFs with the least in common with INRO, least shared weight first and, among equals, lowest correlation.
| ETF | Name | Overlap by weight | Correlation, 3y | Companies in both |
|---|---|---|---|---|
| TAN | Invesco Solar ETF | 0.0% | 0.37 | 0 |
| MCHI | iShares MSCI China ETF | 0.0% | 0.40 | 0 |
| SMIN | iShares MSCI India Small-Cap ETF | 0.0% | 0.43 | 0 |
| PFF | iShares Preferred and Income Securities ETF | 0.0% | 0.65 | 0 |
| XSMO | Invesco S&P SmallCap Momentum ETF | 0.0% | 0.70 | 0 |
| SCZ | iShares MSCI EAFE Small-Cap ETF | 0.0% | 0.71 | 0 |
| IWC | iShares Micro-Cap ETF | 0.0% | 0.74 | 0 |
| IXUS | iShares Core MSCI Total International Stock ETF | 0.0% | 0.76 | 2 |
Cost, returns and risk
| Expense ratio | 0.42% |
|---|---|
| Dividend yield | 0.59% |
| Total return, 1 year | 14.9% |
| Total return, 3 years cumulative | n/a |
| Total return, 5 years cumulative | n/a |
| Volatility, annualised | 15.7% |
| Worst fall, 3 years | -18.4% |
| Beta against SPY, 3 years of weekly returns | 1.18 |
| Weight in the ten largest positions | 38.7% |
| Largest single position | 8.4% |
| Assets under management | $0.4B |
Expense ratio, yield and assets are reference data; the weight in the ten largest positions and the largest single position are from the issuer file of 2026-10-27; every other figure is computed here from weekly closes.
How it moves with the market
| Against | Correlation, 3 years | Covariance, annualised, in percent squared |
|---|---|---|
| SPY | 0.99almost always in step | 227 |
| QQQ | 0.96almost always in step | 305 |
Weekly total returns. What the bands mean · why the covariance is printed.
Year by year
| Year | Total return |
|---|---|
| 2026 | 15.2% |
| 2025 | 16.7% |
One year
Where to go next
- ITOT, iShares Core S&P Total U.S. Stock Market ETF
- IVV, iShares Core S&P 500 ETF
- IWB, iShares Russell 1000 ETF
- IWV, iShares Russell 3000 ETF
- Run a portfolio x-ray to see what INRO carries once you look through it
- Compare INRO against any other ETF in the builder
Holdings from the most recent file iShares has published, dated 2026-10-27. Prices through 2026-10-28. How every figure here is produced. Measurements, not investment advice.
Cite this page
TickerInside, iShares U.S. Industry Rotation Active ETF (INRO), holdings from the issuer's file of 2026-10-27, https://tickerinside.com/etf/inro/, CC BY 4.0
<a href="https://tickerinside.com/etf/inro/">TickerInside</a> (https://tickerinside.com/etf/inro/)