State of Tennessee, Department of Treasury’s iShares MSCI Brazil ETF EWZ Stock Holding History

State of Tennessee, Department of Treasury’s Portfolio EWZ Stock Details EWZ Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$228M	Sell	5,932,713 -995,390	-14%	-$36.4M	0.77%	25
2025 Q4	$257M	Sell	6,928,103 -409,445	-6%	-$12.9M	0.82%	20
2025 Q3	$227M	Sell	7,337,548 -60,067	-0.8%	-$1.72M	0.76%	20
2025 Q2	$213M	Sell	7,397,615 -41,052	-0.6%	-$1.11M	0.76%	22
2025 Q1	$192M	Sell	7,438,667 -123,938	-2%	-$3.09M	0.74%	26
2024 Q4	$170M	Sell	7,562,605 -196,779	-3%	-$5.27M	0.62%	29
2024 Q3	$229M	Buy	7,759,384 +910,674	+13%	+$26.5M	0.8%	22
2024 Q2	$187M	Sell	6,848,710 -130,620	-2%	-$3.96M	0.69%	26
2024 Q1	$226M	Sell	6,979,330 -581,848	-8%	-$19.2M	0.84%	22
2023 Q4	$264M	Sell	7,561,178 -275,648	-4%	-$8.93M	1.04%	17
2023 Q3	$240M	Buy	7,836,826 +317,534	+4%	+$10.1M	0.97%	19
2023 Q2	$244M	Sell	7,519,292 -16,595	-0.2%	-$494K	1.02%	12
2023 Q1	$206M	Hold	7,535,887	–	–	0.92%	16
2022 Q4	$211M	Buy	7,535,887 +36,304	+0.5%	+$1.11M	0.98%	11
2022 Q3	$222M	Sell	7,499,583 -5,821	-0.1%	-$172K	1.08%	11
2022 Q2	$206M	Buy	7,505,404 +324,683	+5%	+$10.8M	0.95%	16
2022 Q1	$272M	Buy	7,180,721 +198	+0%	+$6.4K	1.05%	14
2021 Q4	$202M	Buy	7,180,523 +578,265	+9%	+$17.4M	0.74%	21
2021 Q3	$212M	Hold	6,602,258	–	–	0.83%	18
2021 Q2	$268M	Sell	6,602,258 -36,970	-0.6%	-$1.4M	1.02%	11
2021 Q1	$222M	Sell	6,639,228 -947,864	-12%	-$32.8M	0.91%	13
2020 Q4	$281M	Sell	7,587,092 -321,264	-4%	-$10.4M	1.19%	10
2020 Q3	$219M	Sell	7,908,356 -21,161	-0.3%	-$649K	1.02%	11
2020 Q2	$228M	Buy	7,929,517 +60,000	+0.8%	+$1.57M	1.12%	10
2020 Q1	$185M	Buy	7,869,517 +24,483	+0.3%	+$946K	1.04%	13
2019 Q4	$372M	Buy	7,845,034 +7,600	+0.1%	+$333K	1.64%	7
2019 Q3	$330M	Buy	7,837,434 +586,347	+8%	+$25.3M	1.53%	7
2019 Q2	$317M	Buy	7,251,087 +834,005	+13%	+$34.4M	1.56%	7
2019 Q1	$263M	Hold	6,417,082	–	–	1.3%	6
2018 Q4	$245M	Hold	6,417,082	–	–	1.34%	7
2018 Q3	$216M	Buy	6,417,082 +345,920	+6%	+$11.6M	1.05%	11
2018 Q2	$195M	Buy	6,071,162 +5,900	+0.1%	+$227K	0.99%	10
2018 Q1	$272M	Sell	6,065,262 -6,100	-0.1%	-$273K	1.39%	8
2017 Q4	$246M	Buy	6,071,362 +11,200	+0.2%	+$453K	1.1%	10
2017 Q3	$253M	Sell	6,060,162 -2,054,348	-25%	-$80.4M	1.28%	7
2017 Q2	$277M	Buy	8,114,510 +380,340	+5%	+$13.7M	1.33%	8
2017 Q1	$290M	Buy	7,734,170 +3,300	+0%	+$123K	1.37%	7
2016 Q4	$258M	Buy	7,730,870 +2,400	+0%	+$82.4K	1.36%	5
2016 Q3	$261M	Sell	7,728,470 -1,600	-0%	-$52.9K	1.26%	10
2016 Q2	$233M	Buy	7,730,070 +413,704	+6%	+$11.4M	1.18%	8
2016 Q1	$192M	Buy	7,316,366 +15,700	+0.2%	+$338K	1.11%	7
2015 Q4	$151M	Buy	7,300,666 +17,500	+0.2%	+$407K	0.89%	15
2015 Q3	$160M	Buy	7,283,166 +5,500	+0.1%	+$147K	0.99%	14
2015 Q2	$238M	Buy	7,277,666 +154,983	+2%	+$5.36M	1.31%	5
2015 Q1	$223M	Buy	7,122,683 +987,818	+16%	+$33.6M	1.19%	6
2014 Q4	$224M	Buy	6,134,865 +367,348	+6%	+$14.9M	1.2%	7
2014 Q3	$251M	Buy	5,767,517 +272,064	+5%	+$13.5M	1.43%	5
2014 Q2	$263M	Buy	5,495,453 +248,734	+5%	+$11.9M	1.48%	5
2014 Q1	$236M	Hold	5,246,719	–	–	1.38%	6
2013 Q4	$234M	Hold	5,246,719	–	–	1.34%	6
2013 Q3	$251M	Buy	+5,246,719	New	+$233M	1.53%	4

Other funds holding EWZ

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Bank of Nova Scotia Toronto, Ontario, Canada $66.2B AUM 46.3% 1-Year Est. Return

BNP Paribas Financial Markets Paris, France $206B AUM 31.61% 1-Year Est. Return

DFO

Duquesne Family Office New York $3.38B AUM 61.92% 1-Year Est. Return

Phoenix Financial Givatayim, Israel $14.6B AUM 57.48% 1-Year Est. Return

Allspring Global Investments Charlotte, North Carolina $59.7B AUM 29.08% 1-Year Est. Return

BHCM

Brevan Howard Capital Management St. Helier, Jersey $11.3B AUM 35.84% 1-Year Est. Return

Bessemer Group Woodbridge, New Jersey $72.7B AUM 39.36% 1-Year Est. Return

State of Tennessee, Department of Treasury's EWZ Position: Q1 2026 in Review

State of Tennessee, Department of Treasury reduced its iShares MSCI Brazil ETF (EWZ) stake by 14% in Q1 2026, selling an estimated $36.4M and leaving 5,932,713 shares worth $228M. The position accounts for 0.77% of the portfolio, ranked #25.

State of Tennessee, Department of Treasury first reported a position in EWZ in Q3 2013 and has held it in 51 quarters since. The position peaked at $372M in Q4 2019. 413 funds tracked by Wall St. Rank hold EWZ as of Q1 2026.

State of Tennessee, Department of Treasury held 5,932,713 shares of iShares MSCI Brazil ETF worth $228M as of Q1 2026.
State of Tennessee, Department of Treasury sold 995,390 iShares MSCI Brazil ETF shares in Q1 2026, an estimated $36.4M.
iShares MSCI Brazil ETF made up 0.77% of State of Tennessee, Department of Treasury's portfolio in Q1 2026, its #25 holding.
State of Tennessee, Department of Treasury first reported a position in iShares MSCI Brazil ETF in Q3 2013 and has held it in 51 quarters since.
State of Tennessee, Department of Treasury's iShares MSCI Brazil ETF position peaked at $372M in Q4 2019.
413 funds tracked by Wall St. Rank held iShares MSCI Brazil ETF as of Q1 2026.

Based on State of Tennessee, Department of Treasury's 13F filing for Q1 2026, filed 15 May 2026.