iShares Core S&P Total U.S. Stock Market ETF

All stocks listed on major US exchanges (NYSE, NASDAQ) and eligible for fractional investing are included in the universe

<ul><li>At Windmill Capital, our team crafts thematic portfolios inspired by long-term macro trends. We identify key sectors, industries, and stocks/ETFs poised to benefit from these emerging trends, mapping out where exposure is best captured across the value chain</li><li>This smallcase selects stocks of listed companies that build, own or back the world's leading AI foundation models across the two ecosystems where frontier models are actually being built, the US (Gemini, Llama, OpenAI, Claude, Nova &amp; Grok) and China (Qwen &amp; Ernie)</li></ul>

All stocks qualifying the above mentioned research criteria are selected

The list of selected stocks is weighted such that the risk contribution of each stock in the smallcase is equal. By focusing on risk instead of market cap or value, this weighting scheme provides better diversification and protection against market volatility

This smallcase has a quarterly rebalance schedule. Once every quarter, the research team reviews this smallcase and realign the weights with the selected asset allocation strategy for the next quarter

Global AI - Frontier Models Layer Theme

Compare with 501st-900th market cap stocks

Compare with 901st-1500th market cap stocks

Global labs and tech giants building the foundational models for the AI stack

Global AI - Frontier Models Layer Theme

Overview

Stocks & Weights