Significant Increase in Taiwan Semiconductor Manufacturing Co Ltd by iShares MSCI ACWI ex U.S. ETF

Insights from the Second Quarter 2025 N-PORT Filing

iShares MSCI ACWI ex U.S. ETF (Trades, Portfolio) recently submitted its N-PORT filing for the second quarter of 2025, offering a glimpse into its strategic investment decisions during this period. The ETF aims to replicate the performance of the MSCI ACWI ex USA Index, which includes large and mid-cap stocks from 22 developed markets (excluding the U.S.) and 27 emerging markets. This index represents approximately 85% of the global equity opportunity set outside the U.S., making it a comprehensive benchmark for international equities.

Summary of New Buy

iShares MSCI ACWI ex U.S. ETF (Trades, Portfolio) added a total of 27 stocks, among them:

• The most significant addition was Celestica Inc (TSX:CLS, Financial), with 25,541 shares, accounting for 0.04% of the portfolio and a total value of C$2,179,300.
• The second largest addition to the portfolio was Gulf Energy Development PCL (BKK:GULF, Financial), consisting of 1,074,006 shares, representing approximately 0.03% of the portfolio, with a total value of ฿1,575,400.
• The third largest addition was Pidilite Industries Ltd (BOM:500331, Financial), with 34,692 shares, accounting for 0.02% of the portfolio and a total value of ₹1,247,180.

Key Position Increases

iShares MSCI ACWI ex U.S. ETF (Trades, Portfolio) also increased stakes in a total of 1,463 stocks, among them:

• The most notable increase was Taiwan Semiconductor Manufacturing Co Ltd (TPE:2330, Financial), with an additional 760,000 shares, bringing the total to 5,286,000 shares. This adjustment represents a significant 16.79% increase in share count, a 0.36% impact on the current portfolio, with a total value of NT$149,776,440.
• The second largest increase was Tencent Holdings Ltd (HKSE:00700, Financial), with an additional 191,400 shares, bringing the total to 1,390,900. This adjustment represents a significant 15.96% increase in share count, with a total value of HK$85,193,940.

Summary of Sold Out

iShares MSCI ACWI ex U.S. ETF (Trades, Portfolio) completely exited 80 holdings in the second quarter of 2025, as detailed below:

• Mirvac Group (ASX:MGR, Financial): iShares MSCI ACWI ex U.S. ETF (Trades, Portfolio) sold all 733,904 shares, resulting in a -0.02% impact on the portfolio.
• Orica Ltd (ASX:ORI, Financial): iShares MSCI ACWI ex U.S. ETF (Trades, Portfolio) liquidated all 105,819 shares, causing a -0.02% impact on the portfolio.

Key Position Reduces

iShares MSCI ACWI ex U.S. ETF (Trades, Portfolio) also reduced positions in 4 stocks. The most significant changes include:

• Reduced Korea Zinc Co Ltd (XKRX:010130, Financial) by 8,623 shares, resulting in a -90.77% decrease in shares and a -0.01% impact on the portfolio. The stock traded at an average price of ₩777,750 during the quarter and has returned -6.60% over the past 3 months and -21.17% year-to-date.
• Reduced CGN Power Co Ltd (HKSE:01816, Financial) by 639,000 shares, resulting in a -25.53% reduction in shares and a -0.01% impact on the portfolio. The stock traded at an average price of HK$2.51 during the quarter and has returned 9.40% over the past 3 months and -1.73% year-to-date.

Portfolio Overview

At the end of the second quarter of 2025, iShares MSCI ACWI ex U.S. ETF (Trades, Portfolio)'s portfolio included 1,715 stocks. The top holdings included 2.5% in Taiwan Semiconductor Manufacturing Co Ltd (TPE:2330, Financial), 1.42% in Tencent Holdings Ltd (HKSE:00700, Financial), 1.1% in SAP SE (XTER:SAP, Financial), 1% in Nestle SA (XSWX:NESN, Financial), and 0.95% in ASML Holding NV (XAMS:ASML, Financial).

The holdings are mainly concentrated in all 11 industries: Financial Services, Industrials, Technology, Consumer Cyclical, Healthcare, Consumer Defensive, Communication Services, Basic Materials, Energy, Utilities, and Real Estate.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.