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Next Frontier Internet ETF (FMQQ) Holdings List

Next Frontier Internet ETF logo
$12.41 -0.18 (-1.43%)
Closing price 09/23/2026 04:10 PM Eastern
Extended Trading
$12.41 0.00 (0.00%)
As of 09/23/2026 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.

What stocks does FMQQ hold?

The Next Frontier Internet ETF (FMQQ) top stock holdings include MercadoLibre, SEA, and Reliance Industries Limited. The top 25 FMQQ holdings ordered by weight make up 93.57% of the total fund. FMQQ is an equity fund in the strategy category that invests in publicly traded companies and other investments, focused on theme strategies within the Emerging & Frontier Markets region. This page includes a complete FMQQ stock holdings list ranked by weight, along with a full breakdown of sector, geographic, industry, and currency exposure.

Top 25 FMQQ Holdings

RankCompanyCurrent PriceWeightShares Held
1
MercadoLibre, Inc. stock logo
MELI
MercadoLibre
$1,799.24
-1.5%
7.53%845
2
Sea Limited Sponsored ADR stock logo
SE
SEA
$103.37
-0.3%
7.43%14,778
3Reliance Industries LimitedN/A7.01%109,936
4
Nu Holdings Ltd. stock logo
NU
NU
$13.62
-3.8%
6.51%94,612
5Bajaj Finance LimitedN/A6.26%119,940
6Eternal LimitedN/A5.60%326,048
7Allegro.eu S.A.N/A5.58%87,304
8
Joint Stock Company Kaspi.kz Sponsored ADR stock logo
KSPI
Joint Stock Company Kaspi.kz
$93.86
-2.7%
4.49%9,514
9
XP Inc. stock logo
XP
XP
$20.88
-1.6%
4.46%43,848
10Jio Financial Services LimitedN/A3.97%337,916
11PB Fintech LimitedN/A3.46%37,794
12
Grab Holdings Limited stock logo
GRAB
Grab
$3.20
+0.9%
3.46%242,942
13One97 Communications LimitedN/A3.26%35,219
14Lenskart Solutions LimitedN/A2.90%82,967
15NAVER CorporationN/A2.78%3,959
16
Coupang, Inc. stock logo
CPNG
Coupang
$14.29
-2.2%
2.57%35,885
17Swiggy LimitedN/A2.56%183,814
18Info Edge (India) LimitedN/A2.55%38,467
19FSN E-Commerce Ventures LimitedN/A2.35%137,132
20
MakeMyTrip Limited stock logo
MMYT
MakeMyTrip
$46.79
-3.2%
1.92%8,187
21Meesho LimitedN/A1.71%152,622
22PT GoTo Gojek Tokopedia TbkN/A1.46%106,382,300
23Billionbrains Garage Ventures LimitedN/A1.42%145,422
24
StoneCo Ltd. stock logo
STNE
StoneCo
$9.49
-3.8%
1.26%26,452
25Delivery Hero SEN/A1.07%5,197

FMQQ Geographic Exposure

FMQQ's largest geographic exposure is United States at 33.3%, followed by India at 16.8%.

  • United States
    33.3%
  • India
    16.8%
  • Luxembourg
    5.5%
  • Korea, Republic of
    5.0%
  • Cayman Islands
    4.3%
  • Brazil
    2.2%
  • Mauritius
    1.9%
  • Germany
    1.1%

FMQQ Currency Exposure

FMQQ's largest currency exposure is USD at 37.8%, followed by INR at 18.7%.

  • USD
    37.8%
  • INR
    18.7%
  • KRW
    4.3%
  • EUR
    1.1%
  • BRL
    1.0%

FMQQ Sector Exposure

FMQQ's largest sector exposure is Consumer Discretionary at 28.7%, followed by Financials at 25.0%.

  • Consumer Discretionary
    28.7%
  • Financials
    25.0%
  • Technology
    16.2%
  • Energy
    6.9%
  • Communications
    6.3%

FMQQ Industry Exposure

FMQQ's largest industry exposure is Software at 16.2%, followed by Internet & Direct Marketing Retail at 14.5%.

  • Software
    16.2%
  • Internet & Direct Marketing Retail
    14.5%
  • Capital Markets
    8.5%
  • Banks
    8.1%
  • Specialty Retail
    7.5%
  • Oil, Gas & Consumable Fuels
    6.9%
  • Media
    6.3%
  • Consumer Finance
    4.4%
  • Hotels, Restaurants & Leisure
    3.7%
  • Insurance
    3.5%
  • Other
    3.5%

FMQQ Sub-Industry Exposure

FMQQ's largest sub-industry exposure is Internet & Direct Marketing Retail at 23.9%, followed by Application Software at 8.8%.

  • Internet & Direct Marketing Retail
    23.9%
  • Application Software
    8.8%
  • Diversified Banks
    7.4%
  • Interactive Home Entertainment
    7.4%
  • Oil & Gas Refining & Marketing
    6.9%
  • Investment Banking & Brokerage
    4.5%
  • Consumer Finance
    4.4%
  • Asset Management & Custody Banks
    3.9%
  • Interactive Media & Services
    3.9%
  • Restaurants
    3.7%
  • Other
    8.2%

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MarketBeat tracks Next Frontier Internet ETF holdings and portfolio composition, last updated on 9/24/2026.
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