QAT holdings and overlap
iShares MSCI Qatar ETF (QAT) holds 33 positions in its iShares file of 2026-10-27. Its three largest are Qatar National Bank (QNBK.QA) at 23.78%, Qatar Islamic Bank (QIBK.QA) at 13.65% and Industries Qatar (IQCD.QA) at 5.60%, and its ten largest make up 72.3% of the fund.
In its iShares file of 2026-10-27, QAT holds none of the mega-cap tech companies and none of the ten largest US companies by market value. By country, 100.0% of QAT is in Qatar.
What does QAT hold, as of its issuer file of 2026-10-27?
Qatar National Bank is 23.78% of QAT on its own, against a median largest position of 14.3% across the 6 Middle East and Africa funds with a page here. The position QAT carries furthest above that group is Qatar Islamic Bank at 13.65% of the fund, a company the median fund in that group does not hold at all.
| Rank | Company | Weight | Weight bar |
|---|---|---|---|
| 1 | QNBK.QA Qatar National Bank | 23.78% | |
| 2 | QIBK.QA Qatar Islamic Bank | 13.65% | |
| 3 | IQCD.QA Industries Qatar | 5.6% | |
| 4 | QIIK.QA Qatar International Islamic Bank | 4.57% | |
| 5 | QGTS.QA Qatar Gas Transport Company Ltd | 4.57% | |
| 6 | ORDS.QA Ooredoo | 4.51% | |
| 7 | MARK.QA Masraf Al Rayan | 4.25% | |
| 8 | CBQK.QA Commercial Bank of Qatar | 4.18% | |
| 9 | QNNS.QA Qatar Navigation | 3.81% | |
| 10 | QFLS.QA Qatar Fuel | 3.34% | |
| 11 | DHBK.QA Doha Bank | 2.64% | |
| 12 | QEWS.QA Nebras Energy | 2.61% | |
| 13 | DUBK.QA Dukhan Bank | 2.59% | |
| 14 | MPHC.QA Mesaieed Petrochemical Holding | 2.16% | |
| 15 | BRES.QA Barwa Real Estate | 2.06% | |
| 16 | VFQS.QA Vodafone Qatar | 2.01% | |
| 17 | IGRD.QA Estithmar Holding | 1.88% | |
| 18 | QAMC.QA Qatar Aluminium Manufacturing | 1.57% | |
| 19 | QFBQ.QA Lesha Bank | 1.03% | |
| 20 | GISS.QA Gulf International Services | 0.85% | |
| 21 | BLDN.QA Baladna Company | 0.84% | |
| 22 | MERS.QA Al Meera Consumer Goods Company | 0.79% | |
| 23 | MCGS.QA Medicare Group | 0.77% | |
| 24 | UDCD.QA United Development | 0.74% | |
| 25 | AHCS.QA Aamal Holding | 0.7% | |
| 26 | QNCD.QA Qatar National Cement | 0.66% | |
| 27 | ERES.QA Ezdan Holding Group | 0.63% | |
| 28 | QIGD.QA Qatari Investors Group | 0.63% | |
| 29 | MEZA.QA Meeza QSTP LLC Company | 0.58% | |
| 30 | GWCS.QA Gulf Warehousing Company | 0.58% | |
| 31 | SIIS.QA Salam International Investment | 0.54% | |
| 32 | MCCS.QA Mannai Corporation | 0.45% | |
| 33 | MRDS.QA Mazaya Real Estate Development Co | 0.38% |
The most recent file iShares has published for QAT is dated 2026-10-27, 1 day before these prices, which is the median for the iShares ETFs covered here. Every one of the 33 positions QAT holds, with its weight, is in the fund's JSON file. See the other 27 ETFs with a page here that hold QNBK.QA, and how their weights compare with the 23.78% QAT gives it.
Category: Middle East and Africa, set by TickerInside from the ETF's own latest file. In its file of 2026-10-27, 100% of its stocks with a known country are in Qatar, which this site counts in Middle East and Africa. How categories are set.
https://tickerinside.com/api/v1/fund/qat.jsonhttps://tickerinside.com/api/v1/fund/qat.csv=IMPORTDATA("https://tickerinside.com/api/v1/fund/qat.csv")If your sheet uses a decimal comma: =IMPORTDATA("https://tickerinside.com/api/v1/fund/qat.csv"; ","; "en_US")curl -s https://tickerinside.com/api/v1/fund/qat.jsonHow much money went into or out of QAT?
On the close of Friday, October 23, 2026, QAT neither created nor redeemed shares. Over its last 5 closes, a net inflow of $1.5 million.
From QAT's own holdings files. Every ETF's latest flows.
How is QAT split by sector and country?
A sector is found for 5.4% of QAT's stock weight, under the 50% from which this page states sector weights; the weights found are in the fund's JSON file.
| Country | Weight | Weight bar |
|---|---|---|
| Qatar | 100.0% |
From its iShares file of 2026-10-27. How these are measured.
What did QAT hold in its SEC reports since 2019?
QAT's largest position in its SEC filings has been Qatar National Bank (QNBK.QA) since 2019-11-30: 22.53% then and 22.70% in its report for 2026-05-31, across 27 quarterly reports.
| Report | Positions | Largest | Top 10 |
|---|---|---|---|
| 2019-11-30 | 28 | QNBK.QA 22.53% | 68.7% |
| 2020-11-30 | 29 | QNBK.QA 20.66% | 67.5% |
| 2021-11-30 | 31 | QNBK.QA 22.14% | 68.2% |
| 2022-11-30 | 31 | QNBK.QA 22.62% | 71.0% |
| 2023-11-30 | 32 | QNBK.QA 23.05% | 69.0% |
| 2024-11-30 | 33 | QNBK.QA 22.44% | 71.9% |
| 2025-11-30 | 32 | QNBK.QA 22.31% | 72.6% |
| 2026-05-31 | 32 | QNBK.QA 22.70% | 72.3% |
The first report, then the last of each year, of the 27 reports QAT filed on SEC Form N-PORT from 2019-11-30 to 2026-05-31, each company under its ticker today. Every position of every report is in its quarterly file, and at any date at /api/v1/history/qat/{date}.json. How these are read.
What does QAT share with other ETFs?
The ETF nearest to QAT is EMIF: the two hold 4.6% of their weight in common, in the 1 companies both own, and 4.6% of QAT itself is also held there. QAT barely overlaps any covered ETF.
| ETF | Overlap by weight | Of QAT held there | Of that ETF in QAT | Companies in both | Overlap bar |
|---|---|---|---|---|---|
| EMIF | 4.6% | 4.6% | 4.7% | 1 | |
| EELV | 4.0% | 61.9% | 4.0% | 8 | |
| EDIV | 2.3% | 15.4% | 2.3% | 5 | |
| EEMS | 0.8% | 20.5% | 0.8% | 11 | |
| EMXF | 0.7% | 45.9% | 0.7% | 4 | |
| DVYE | 0.6% | 2.1% | 0.6% | 1 | |
| SPEM | 0.6% | 91.9% | 0.6% | 25 | |
| EMXC | 0.6% | 72.5% | 0.6% | 11 | |
| AVEE | 0.6% | 10.7% | 0.6% | 9 | |
| SCHE | 0.6% | 70.3% | 0.6% | 16 | |
| VWO | 0.6% | 75.4% | 0.6% | 20 | |
| EEMX | 0.5% | 72.5% | 0.5% | 11 |
AVEE's holdings are from its SEC Form N-PORT for the period ended 2026-05-31, filed 2026-07-29. SCHE's holdings are from its SEC Form N-PORT for the period ended 2026-08-31, filed 2026-10-27. VWO's holdings are from its SEC Form N-PORT for the period ended 2026-07-31, filed 2026-09-28. The other ETFs' holdings are from their issuers' latest files. Check QAT against any ETF in the ETF overlap calculator · how overlap is measured.
What adds something different to QAT?
IYR shares 0% of weight with QAT and its weekly returns correlate with it at 0.17 over three years. The table lists the covered ETFs with the least in common with QAT, least shared weight first and, among equals, lowest correlation.
| ETF | Name | Overlap by weight | Correlation, 3y | Companies in both |
|---|---|---|---|---|
| IYR | iShares U.S. Real Estate ETF | 0.0% | 0.17 | 0 |
| USRT | iShares Core U.S. REIT ETF | 0.0% | 0.18 | 0 |
| REET | iShares Global REIT ETF | 0.0% | 0.24 | 0 |
| USMV | iShares MSCI USA Min Vol Factor ETF | 0.0% | 0.27 | 0 |
| IJR | iShares Core S&P Small-Cap ETF | 0.0% | 0.39 | 0 |
| IJH | iShares Core S&P Mid-Cap ETF | 0.0% | 0.43 | 0 |
| VLUE | iShares MSCI USA Value Factor ETF | 0.0% | 0.44 | 0 |
| THRO | iShares U.S. Thematic Rotation Active ETF | 0.0% | 0.45 | 0 |
Cost, returns and risk
| Expense ratio | 0.60% |
|---|---|
| Dividend yield | 5.22% |
| Total return, 1 year | -11.6% |
| Total return, 3 years cumulative | 9.9% |
| Total return, 5 years cumulative | -4.3% |
| Volatility, annualised | 13.8% |
| Worst fall, 3 years | -22.6% |
| Beta against SPY, 3 years of weekly returns | 0.48 |
| Weight in the ten largest positions | 72.3% |
| Largest single position | 23.8% |
| Assets under management | $0.1B |
Expense ratio, yield and assets are reference data (the expense ratio from QAT's SEC filing of 2025-12-19); 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 | 0.48loosely linked | 92 |
| QQQ | 0.46loosely linked | 124 |
Weekly total returns. What the bands mean · why the covariance is printed.
Year by year
| Year | Total return |
|---|---|
| 2026 | -10.4% |
| 2025 | 8.8% |
| 2024 | 5.2% |
| 2023 | 2.7% |
| 2022 | -7.2% |
One year
Where to go next
- UAE, iShares MSCI UAE ETF
- EIS, iShares MSCI Israel ETF
- EZA, iShares MSCI South Africa ETF
- KSA, iShares MSCI Saudi Arabia ETF
- Run a portfolio x-ray to see what QAT carries once you look through it
- Compare QAT 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 MSCI Qatar ETF (QAT), holdings from the issuer's file of 2026-10-27, https://tickerinside.com/etf/qat/, CC BY 4.0
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