TOPT: U.S. Mega Caps Drift Collectively Toward GARP Territory

The iShares Top 20 US Stocks ETF earns a "Buy" rating, offering concentrated mega-cap exposure with a GARP profile. TOPT trades at a reasonable 23x P/E and >15% long-term EPS growth, resulting in a PEG just above 1.5x. Information Technology dominates at 52% of the portfolio, making sector leadership crucial for alpha generation.

Seeking Alpha • Jul 14, 2026

Should iShares Top 20 U.S. Stocks ETF (TOPT) Be on Your Investing Radar?

Designed to provide broad exposure to the Large Cap Growth segment of the US equity market, the iShares Top 20 U.S. Stocks ETF (TOPT) is a passively managed exchange traded fund launched on October 23, 2024.

Zacks Investment Research • May 28, 2026

Cisco Surges on Strong AI Demand and Upbeat Outlook: ETFs to Win

Cisco surged on strong AI demand and upbeat guidance, boosting Cisco-heavy ETFs as AI infrastructure orders topped expectations.

Zacks Investment Research • May 15, 2026

TOPT: Ultra-Concentrated Basket Of Mega Caps That Is Unnecessarily Risky, A Hold

iShares Top 20 US Stocks ETF provides exposure to the main 20 names in the S&P 500 index. Thanks to ultra-concentrated approach, TOPT has a few advantages over the IVV portfolio in terms of growth, GARP, and quality characteristics. On the negative side, while TOPT has beaten IVV and OEF since October 2024, it has trailed more diversified QQQ and QTOP.

Seeking Alpha • Apr 13, 2026

TOPT Holds 16% in NVIDIA Alone, and That Concentration Is Driving Its 11% Loss

iShares Top 20 U.S. Stocks ETF (NYSEARCA:TOPT) is down 11.06% year-to-date, and that slide traces directly back to the fund's defining feature: a portfolio so concentrated in a handful of mega-cap technology names that a bad stretch for those stocks is, by definition, a bad stretch for the fund.

24/7 Wall Street • Mar 30, 2026

TOPT: The Top 20 Strategy Could Again Deliver Solid Returns In 2026

iShares Top 20 U.S. Stocks ETF remains a buy, leveraging mega-cap leadership and strong earnings growth into 2026. Despite recent volatility and potential investor rotation, TOPT's AI-focused mega caps and diversified holdings underpin robust forward earnings expectations. TOPT's valuation has moderated, with the Mag 7 trading at 27x forward earnings and a trailing PE of 35, enhancing risk-reward.

Seeking Alpha • Jan 22, 2026

Winning Stocks Keep Winning, And That's What iShares TOPT ETF Let's You Bet On

TOPT holds only the 20 largest U.S. stocks with quarterly rebalancing. Three holdings (NVIDIA, Apple, Microsoft) comprise 42% of the fund. The fund charges 0.20% annually versus 0.03% for VOO. VOO includes the same top 20 stocks plus 480 additional companies for diversification.

24/7 Wall Street • Dec 14, 2025

From S&P 500 To MGC To TOPT: Where The Lean Strategy Breaks

The iShares Top 20 U.S. Stocks ETF offers extreme concentration in mega caps, diverging sharply from both MGC and SPY sector allocations. TOPT's high concentration amplifies both potential returns and risks, making it more sensitive to price changes and less diversified than MGC or SPY. While TOPT has recently outperformed due to mega-cap strength, its structure is more suitable for tactical, bullish stances on top holdings rather than core portfolios.

Seeking Alpha • Nov 18, 2025

Apple Falls After iPhone 17 Launch: What Lies Ahead for ETFs?

Apple's muted iPhone 17 launch weighs on shares, but ETFs like IYW, FTEC, TOPT, XLK and VGT offer diversified exposure.

Zacks Investment Research • Sep 10, 2025

TOPT: The S&P 500 Acts More Like A 20-Stock Index, This ETF Proves It

The S&P 500 is acting more like a 20-50 stock index all the time. I think it's time investors take notice of that. While TOPT, an iShares ETF that launched last year, is a good way to investing in the 20 largest S&P 500 stocks, it is also a nice stock scouting tool. I introduce here some of my ongoing research into the topic of "do we really need to own a 500-stock index?"

Seeking Alpha • Sep 3, 2025