
See exactly how THRO's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
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The iShares U.S. Thematic Rotation Active ETF seeks long-term capital appreciation.

I maintain a Buy rating on the iShares US Thematic Rotation Active ETF, reaffirming the original thesis from September 2025. Compared to IVV, the IT-heavy THRO portfolio has a GARP tilt (i.e., a combination of a high EY and impressive earnings growth), which is supportive of further outperformance. THRO has outperformed the S&P 500 index since September. Since its inception in 2021, it has delivered a stronger total return than IVV, as it captured around 105% of its upside.

Farther Finance Advisors LLC grew its holdings in shares of iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) by 32.9% in the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 342,503 shares of the company's stock after purchasing an additional

Thematic ETFs have maintained their impressive momentum in early 2026, building on a resurgent 2025. After gathering $23 billion last year, the category added another $4 billion in January alone.

2025 was sprinkled with hints that a thematic exchange-traded fund (ETF) comeback could be in its initial stages. With over $240 million in assets under management (AUM) and growing, the Procure Space ETF (UFO) could be one of those funds to watch in 2026.

iShares U.S. Thematic Rotation Active ETF uses AI-driven, tactical theme rotation focused on large-cap U.S. equities, currently overweighting technology. THRO has outperformed the S&P 500 since inception, but recent 12-month returns lag the benchmark. The THRO fund has underperformed two sector rotation ETFs since inception.