Fund · iShares MSCI ACWI ETF · measured from SEC filings
ACWI holdings
ACWI reports 2,268 holdings and behaves like 114.3 equally weighted ones, computed from its SEC Form N-PORT filing for 2026-07-31. The fact sheet publishes the first number; this page computes the second, and traces it across 27 quarters of filings.
Measured concentration
as of 2026-07-31Read this figure with the following in mind
1.1% of net assets is securities-lending cash collateral, excluded from the figure; counted as filed the fund would read 112.9
The figure below is what the filing says, published unchanged. What it may not do is sit beside a plain long-only fund and be read as the same quantity. How comparability is decided.
Computed by this site from the fund's SEC Form N-PORT filing; what the measure does not tell you · every fund in one table · hold it with other funds? X-ray the mix. Pricing: 68.53% at a quoted market price (level 1), 52 issuer countries.
What stands out
as of 2026-07-31ACWI's largest investment is Nvidia Corp at 4.88% of net assets. Apple Inc and Microsoft Corp follow; the three together are 11.79%. Ten companies are 24.13% of the fund; the other 2,258 share the rest. Among the 721 equity funds measured here, ACWI behaves like 114.3 holdings against a median of 42.4 — 2.7 times the median. Across 27 quarterly filings ACWI has become more concentrated: it behaved like 307.9 at 2019-10-31 and 116.2 at 2026-04-30. Between the 2026-01-31 and 2026-04-30 filings 99 positions were added and 65 dropped; 7.0% of the weight moved. the United States is the largest country at 62.01% of the portfolio, across 52 countries in the filing.
Each sentence is read from the fund's own SEC filing; the class median is computed across the comparable equity funds on this site. Nothing here is a view on the fund.
Every filing since 2019
27Between 2019-10-31 and 2026-04-30, ACWI went from behaving like 307.9 equally weighted positions to 116.2 — 62% fewer, while its top ten went from 11.93% to 24.55% of net assets. Read across the funds on the concentration-over-time table.
| Period | Holdings | Effective | Top 10 | Largest |
|---|---|---|---|---|
| 2026-04-30 | 2,312 | 116.2 | 24.55% | 4.88% |
| 2026-01-31 | 2,280 | 118.8 | 24.09% | 4.85% |
| 2025-10-31 | 2,253 | 103.3 | 25.53% | 5.35% |
| 2025-07-31 | 2,247 | 111 | 23.96% | 5.1% |
| 2025-04-30 | 2,260 | 142.4 | 20.51% | 4.17% |
| 2025-01-31 | 2,297 | 124.4 | 23.02% | 4.5% |
| 2024-10-31 | 2,322 | 128.8 | 21.59% | 4.3% |
| 2024-07-31 | 2,362 | 131.1 | 21.25% | 4.35% |
Earlier filings (19 more, back to 2019-10-31)
| Period | Holdings | Effective | Top 10 | Largest |
|---|---|---|---|---|
| 2024-04-30 | 2,343 | 155.6 | 19.5% | 3.95% |
| 2024-01-31 | 2,342 | 153.9 | 18.76% | 4.27% |
| 2023-10-31 | 2,350 | 156.8 | 18.4% | 4.54% |
| 2023-07-31 | 2,328 | 164 | 17.89% | 4.72% |
| 2023-04-30 | 2,312 | 183.3 | 15.92% | 4.44% |
| 2023-01-31 | 2,316 | 226 | 14.03% | 3.83% |
| 2022-10-31 | 2,333 | 190.3 | 15.75% | 4.55% |
| 2022-07-31 | 2,326 | 181.9 | 16.51% | 4.44% |
| 2022-04-30 | 2,321 | 192.5 | 15.91% | 4.25% |
| 2022-01-31 | 2,331 | 185.3 | 16.74% | 4.31% |
| 2021-10-31 | 2,330 | 198.6 | 16.64% | 3.62% |
| 2021-07-31 | 2,306 | 214.3 | 15.46% | 3.65% |
| 2021-04-30 | 2,304 | 226.2 | 15.03% | 3.46% |
| 2021-01-31 | 2,240 | 210.3 | 15.55% | 3.83% |
| 2020-10-31 | 2,252 | 201.3 | 16.08% | 3.76% |
| 2020-07-31 | 2,268 | 202.3 | 15.77% | 3.71% |
| 2020-04-30 | 2,294 | 230.9 | 14.53% | 2.96% |
| 2020-01-31 | 2,292 | 278.1 | 12.98% | 2.78% |
| 2019-10-31 | 1,432 | 307.9 | 11.93% | 2.4% |
One row per filed reporting period, newest first, read from EDGAR. Quarterly because that is the public filing cadence. Rows marked * are published but held out of the comparison above; the methodology page says when and why.
As filed, collateral included
1.09% collateralACWI's filing lists 2,269 positions including 1.09% of net assets in securities-lending cash collateral. Counted as filed the fund reads 112.9 effective holdings with a top ten of 24.29%; on its own investments — the figure above — it reads 114.3 with a top ten of 24.13%. The collateral is matched by a liability and is not a holding the fund chose; since 2026-09-18 every figure on this site sets it aside (methodology). Both numbers are in the data.
Largest positions, as filed
as of 2026-04-30The 15 largest of 2,268 positions in ACWI's Form N-PORT, weight as a share of net assets, securities-lending collateral excluded. Every position, every quarter: listed with the point-in-time files, available on request.
| # | Position | Weight | Cumulative |
|---|---|---|---|
| 1 | NVIDIA CORPORATION | 4.88% | 4.9% |
| 2 | APPLE INC. | 4.02% | 8.9% |
| 3 | MICROSOFT CORPORATION | 2.90% | 11.8% |
| 4 | AMAZON.COM, INC. | 2.57% | 14.4% |
| 5 | ALPHABET INC. | 2.26% | 16.6% |
| 6 | BROADCOM INC. | 1.89% | 18.5% |
| 7 | ALPHABET INC. | 1.87% | 20.4% |
| 8 | Taiwan Semiconductor Manufacturing Company Limited | 1.73% | 22.1% |
| 9 | META PLATFORMS, INC. | 1.34% | 23.5% |
| 10 | TESLA, INC. | 1.09% | 24.5% |
| 11 | JPMORGAN CHASE & CO. | 0.85% | 25.4% |
| 12 | ELI LILLY AND COMPANY | 0.75% | 26.2% |
| 13 | Samsung Electronics Co., Ltd. | 0.72% | 26.9% |
| 14 | BERKSHIRE HATHAWAY INC. | 0.65% | 27.5% |
| 15 | EXXON MOBIL CORPORATION | 0.65% | 28.2% |
By country of issuer
as of 2026-04-30Share of ACWI's own investments by the issuer country the filer reported (incorporation, not revenue). Each country links to every fund that holds it.
| Country | Share |
|---|---|
| United States | 61.31% |
| Japan | 4.99% |
| United Kingdom | 3.18% |
| Canada | 3.14% |
| Taiwan | 2.93% |
| Switzerland | 2.27% |
| South Korea | 2.24% |
| France | 1.98% |
Returns the fund reported
2019-08 – 2026-04Monthly total returns from Item B.5 of ACWI's own filings, 81 months on record. Not computed here and not from a price feed.
Cross-checked against a series computed separately from prices: median difference 0.09 percentage points over 81 months, which is roughly the distributions. Every month with the filing it came from: ACWI.json · all funds.
Who borrows ACWI's shares
2026-07-31The fund lends its holdings, and Item B.4.a of the filing names every firm holding them. At 2026-07-31, $371m was out to 22 borrowers. The largest, GOLDMAN SACHS INTERNATIONAL, held 50.1% of it.
| Borrower | On loan | Share of the loan |
|---|---|---|
| GOLDMAN SACHS INTERNATIONAL | $185m | 50.1% |
| BofA Securities, Inc. | $41m | 11.0% |
| JP MORGAN SECURITIES LLC | $29m | 7.9% |
| MORGAN STANLEY & CO LLC | $25m | 6.7% |
| J.P. MORGAN SECURITIES PLC | $23m | 6.1% |
The filing reports no cash collateral position against this loan. Collateral taken in a form the fund does not hold as a position does not appear in N-PORT, so this is silence rather than absence. What the collateral figure can and cannot show. Every quarter ACWI has filed, with each borrower: ACWI.json · all funds.
Since the previous filing
2026-01-31 → 2026-04-302,267 positions became 2,301: 99 added (1.0% of the fund at the later date), 65 dropped (0.8% at the earlier date). Half the sum of all weight changes, a turnover proxy: 7.0%. Positions are matched on identifiers, so a security whose identifier changed shows as one drop and one add. Every filing of ACWI compared this way, as a feed: changes.xml · all funds: filings received.
| Largest increases | 2026-01-31 | 2026-04-30 | Largest decreases | 2026-01-31 | 2026-04-30 |
|---|---|---|---|---|---|
| BROADCOM INC. | 1.55% | 1.89% | META PLATFORMS, INC. | 1.62% | 1.34% |
| Taiwan Semiconductor Manufacturing Company Limited | 1.43% | 1.73% | MICROSOFT CORPORATION | 3.17% | 2.90% |
| INTEL CORPORATION | 0.22% | 0.43% | TESLA, INC. | 1.27% | 1.09% |
| ALPHABET INC. | 2.05% | 2.26% | Tencent Holdings Limited | 0.52% | 0.39% |
| ADVANCED MICRO DEVICES, INC. | 0.40% | 0.58% | ELI LILLY AND COMPANY | 0.87% | 0.75% |
| Samsung Electronics Co., Ltd. | 0.54% | 0.72% | Alibaba Group Holding Limited | 0.38% | 0.29% |
New: Roche Holding AG (0.29%), LUMENTUM HOLDINGS INC. (0.06%), Coherent Corp. (0.05%), RECKITT BENCKISER GROUP PLC (0.04%), SUNBELT RENTALS HOLDINGS, INC. (0.03%), CASEY'S GENERAL STORES, INC. (0.03%). Gone: Roche Holding AG (0.33%), Reckitt Benckiser Group PLC (0.06%), Ashtead Group PLC (0.03%), Toyota Industries Corp (0.02%), CyberArk Software Ltd (0.02%), Amcor PLC (0.02%).
Asset categories and pricing
as of 2026-07-31| Asset category (as filed) | Share of investments |
|---|---|
| equity EC | 98.07% |
| short-term investment STIV | 1.24% |
| unknown unknown | 0.66% |
| preferred equity EP | 0.02% |
68.5% of ACWI is carried at a quoted market price (fair-value level 1). Categories and levels are the filer's, from Form N-PORT; what a low level-1 share does and does not mean is in the measure's page.
Derivative exposure and counterparties
as of 2026-04-30A position count cannot describe a fund that uses derivatives, because a swap is filed at its unrealised gain, not its exposure. These are the notionals the fund itself reported, against net assets of $31.30B. Notional of an interest-rate or currency swap is not equity exposure.
1 option positions filed, 0 of them written. The book as filed:
| Type | Side | Strike | Expiry | Underlying |
|---|---|---|---|---|
| Call | Purchased | 0 | 2040-03-31 | as filed, not named |
Full detail for every fund that files derivatives: leverage.json (CC BY 4.0).
Neighbours by effective holdings, equity funds
10Every measured equity fund lined up by how many holdings it behaves like; these sit either side of ACWI (114.3). Same filings, same arithmetic. Position in this list says nothing about which fund is better.
| Fund | Reports | Behaves like | Top ten | As of |
|---|---|---|---|---|
| XBI State Street(R) SPDR(R) S&P(R) Biotech ETF | 158 | 110.2 | 13.32% | 2026-06-30 |
| USMV iShares MSCI USA Min Vol Factor ETF | 168 | 110.5 | 15.14% | 2026-07-31 |
| DTD WisdomTree U.S. Total Dividend Fund | 823 | 113.4 | 21.04% | 2026-06-30 |
| FCTR First Trust Lunt U.S. Factor Rotation ETF | 166 | 113.9 | 18.11% | 2026-06-30 |
| DBEU Xtrackers MSCI Europe Hedged Equity ETF | 429 | 114.1 | 20.52% | 2026-05-29 |
| FNDX Schwab Fundamental U.S. Large Company ETF | 735 | 114.6 | 22.45% | 2026-05-31 |
| EEMV iShares MSCI Emerging Markets Min Vol Factor ETF | 337 | 115.8 | 20.02% | 2026-05-31 |
| VNQI Vanguard Global Ex-U.s. Real Estate Index Fund | 729 | 117.1 | 22.17% | 2026-07-31 |
| TOUS T. Rowe Price International Equity ETF | 189 | 117.7 | 17.47% | 2026-07-31 |
| DTH WisdomTree International High Dividend Fund | 563 | 120 | 20.17% | 2026-06-30 |
Essays that examine ACWI
1-
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