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Next Frontier Internet ETF (FMQQ) Holdings List

Next Frontier Internet ETF logo
$12.35 -0.20 (-1.59%)
Closing price 04:10 PM Eastern
Extended Trading
$12.34 -0.01 (-0.09%)
As of 05:29 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) has 44 holdings, with MercadoLibre, SEA, and Reliance Industries Limited among its largest positions. The top 25 FMQQ holdings ordered by weight make up 92.96% 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
$1,839.11
-2.0%
7.43%845
2
Sea Limited Sponsored ADR stock logo
SE
SEA
$95.40
-0.6%
7.35%14,778
3Reliance Industries LimitedN/A6.96%109,936
4
Nu Holdings Ltd. stock logo
NU
NU
$14.89
-4.4%
6.57%94,612
5Bajaj Finance LimitedN/A6.17%119,940
6Allegro.eu S.A.N/A5.82%87,304
7Eternal LimitedN/A5.55%326,048
8
XP Inc. stock logo
XP
XP
$30.49
-2.8%
4.85%43,848
9
Joint Stock Company Kaspi.kz Sponsored ADR stock logo
KSPI
Joint Stock Company Kaspi.kz
$94.91
-1.2%
4.57%9,514
10
Grab Holdings Limited stock logo
GRAB
Grab
$2.91
-2.3%
3.96%242,942
11Jio Financial Services LimitedN/A3.89%337,916
12One97 Communications LimitedN/A3.16%35,219
13Lenskart Solutions LimitedN/A3.11%82,967
14NAVER CorporationN/A2.91%3,959
15
Coupang, Inc. stock logo
CPNG
Coupang
$14.42
-4.6%
2.59%35,885
16Info Edge (India) LimitedN/A2.50%38,467
17FSN E-Commerce Ventures LimitedN/A2.42%137,132
18Swiggy LimitedN/A2.37%183,814
19
MakeMyTrip Limited stock logo
MMYT
MakeMyTrip
$43.64
-2.4%
2.04%8,187
20PB Fintech LimitedN/A2.01%37,794
21Meesho LimitedN/A1.81%152,622
22Billionbrains Garage Ventures LimitedN/A1.42%145,422
23
StoneCo Ltd. stock logo
STNE
StoneCo
$11.48
-2.8%
1.30%26,452
24Delivery Hero SEN/A1.11%5,197
25Kakao Corp.N/A1.09%8,434

FMQQ Geographic Exposure

FMQQ's largest geographic exposure is United States at 36.1%, followed by India at 16.0%.

  • United States
    36.1%
  • India
    16.0%
  • Luxembourg
    5.8%
  • Korea, Republic of
    4.6%
  • Cayman Islands
    4.1%
  • Brazil
    2.8%
  • Mauritius
    1.8%
  • Germany
    1.1%

FMQQ Currency Exposure

FMQQ's largest currency exposure is USD at 41.0%, followed by INR at 17.7%.

  • USD
    41.0%
  • INR
    17.7%
  • KRW
    3.9%
  • BRL
    1.3%
  • EUR
    1.1%

FMQQ Sector Exposure

FMQQ's largest sector exposure is Consumer Discretionary at 28.6%, followed by Financials at 26.8%.

  • Consumer Discretionary
    28.6%
  • Financials
    26.8%
  • Technology
    14.8%
  • Energy
    6.6%
  • Communications
    5.7%

FMQQ Industry Exposure

FMQQ's largest industry exposure is Software at 14.8%, followed by Internet & Direct Marketing Retail at 14.6%.

  • Software
    14.8%
  • Internet & Direct Marketing Retail
    14.6%
  • Capital Markets
    10.5%
  • Banks
    9.2%
  • Specialty Retail
    7.8%
  • Oil, Gas & Consumable Fuels
    6.6%
  • Media
    5.7%
  • Consumer Finance
    4.5%
  • Hotels, Restaurants & Leisure
    3.1%
  • Broadline Retail
    3.0%
  • Other
    2.7%

FMQQ Sub-Industry Exposure

FMQQ's largest sub-industry exposure is Internet & Direct Marketing Retail at 24.2%, followed by Diversified Banks at 8.5%.

  • Internet & Direct Marketing Retail
    24.2%
  • Diversified Banks
    8.5%
  • Application Software
    7.8%
  • Interactive Home Entertainment
    6.9%
  • Investment Banking & Brokerage
    6.7%
  • Oil & Gas Refining & Marketing
    6.6%
  • Consumer Finance
    4.5%
  • Asset Management & Custody Banks
    3.8%
  • Interactive Media & Services
    3.5%
  • Restaurants
    3.1%
  • Other
    6.8%

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MarketBeat tracks Next Frontier Internet ETF holdings and portfolio composition, last updated on 10/6/2026.
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