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iShares MSCI Emerging Markets ETF
EEM

1,413 hedge funds and large institutions have $17.1B invested in iShares MSCI Emerging Markets ETF in 2025 Q3 according to their latest regulatory filings, with 138 funds opening new positions, 424 increasing their positions, 475 reducing their positions, and 61 closing their positions.

New
Increased
Maintained
Reduced
Closed

126% more first-time investments, than exits

New positions opened: 138 | Existing positions closed: 61

12% more capital invested

Capital invested by funds: $15.2B → $17.1B (+$1.88B)

4% more funds holding

Funds holding: 1,355 → 1,413 (+58)

3% more funds holding in top 10

Funds holding in top 10: 63 → 65 (+2)

1.18% more ownership

Funds ownership: 82.01% → 83.19% (+1.2%)

1% less call options, than puts

Call options by funds: $14.3B | Put options by funds: $14.4B

11% less repeat investments, than reductions

Existing positions increased: 424 | Existing positions reduced: 475

Holders
1,413
Holders Change
+58
Holders Change %
+4.28%
% of All Funds
18.54%
Holding in Top 10
65
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+3.17%
% of All Funds
0.85%
New
138
Increased
424
Reduced
475
Closed
61
Calls
$14.3B
Puts
$14.4B
Net Calls
-$125M
Net Calls Change
+$2.69B

Top Buyers

Rank Fund Capital Flow
1
CI
Clal Insurance
Israel
+$383M
2
HSBC Holdings
HSBC Holdings
United Kingdom
+$380M
3
Morgan Stanley
Morgan Stanley
New York
+$344M
4
Citadel Advisors
Citadel Advisors
Florida
+$99M
5
National Bank of Canada
National Bank of Canada
Quebec, Canada
+$98.9M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$481M
2
JP Morgan Chase
JP Morgan Chase
New York
-$207M
3
Citigroup
Citigroup
New York
-$186M
4
BBVA
Banco Bilbao Vizcaya Argentaria
Spain
-$153M
5
Corient Private Wealth
Corient Private Wealth
Florida
-$121M
Name Holding Trade Value Shares
Change 		Change in
Stake
PAS
1426
Point72 Asia (Singapore)
Singapore
– -$1.4M -29,078 Closed
GAG
1427
GM Advisory Group
New York
– -$1.29M -26,744 Closed
Walleye Capital
1428
Walleye Capital
New York
– -$1.23M -25,485 Closed
KFS
1429
Kelly Financial Services
Massachusetts
– -$1.14M -23,683 Closed
GAM
1430
Gemmer Asset Management
California
– -$1.13M -23,355 Closed
HT
1431
Headlands Technologies
Illinois
– -$1.03M -21,252 Closed
GS
1432
GTS Securities
New York
– -$760K -15,752 Closed
GAM
1433
Generali Asset Management
Italy
– -$724K -15,000 Closed
CCM
1434
Crabel Capital Management
California
– -$691K -14,325 Closed
Optiver Holding
1435
Optiver Holding
Netherlands
– -$643K -13,332 Closed
SP
1436
SIH Partners
Delaware
– -$470K -9,738 Closed
CM
1437
Cercano Management
Washington
– -$458K -9,500 Closed
FA
1438
Flagstar Advisors
New York
– -$443K -9,177 Closed
ACA
1439
Affinity Capital Advisors
California
– -$429K -8,883 Closed
KCM
1440
KM Capital Management
Texas
– -$410K -8,509 Closed
HG
1441
Harbor Group
New Hampshire
– -$409K -8,487 Closed
Tudor Investment Corp
1442
Tudor Investment Corp
Connecticut
– -$410K -8,170 Closed
PWM
1443
Palumbo Wealth Management
New York
– -$331K -6,872 Closed
SF
1444
Summit Financial
New Jersey
– -$241K -4,995 Closed
CAMV
1445
Concord Asset Management (Virginia)
Virginia
– -$236K -4,895 Closed
BFM
1446
Boothbay Fund Management
New York
– -$232K -4,800 Closed
MC
1447
Moors & Cabot
Massachusetts
– -$228K -4,730 Closed
CA
1448
Claro Advisors
Massachusetts
– -$208K -4,319 Closed
AA
1449
Ashford Advisors
New York
– -$543K -4,000 Closed
TSMHT
1450
Thurston Springer Miller Herd & Titak
Indiana
– -$144K -2,978 Closed
56 57
58
59 60

EEM Hedge Fund Activity: Q3 2025 in Review

1,413 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI Emerging Markets ETF (EEM) for Q3 2025, worth a combined $17.1B — up 12% from $15.2B a quarter earlier.

Buyers outnumbered sellers: 138 funds opened new EEM positions and 61 closed out — a net gain of 77 holders — while 424 added to existing stakes and 475 trimmed.

The largest buyer was Clal Insurance, opening a new position worth an estimated $383M. The largest seller was Jane Street, cutting an estimated $481M.

  • 1,413 institutional investors held iShares MSCI Emerging Markets ETF (EEM) as of Q3 2025, up from 1,355 in Q2 2025.
  • Funds reported $17.1B of iShares MSCI Emerging Markets ETF stock for Q3 2025, up 12% quarter-over-quarter.
  • 138 funds opened new iShares MSCI Emerging Markets ETF positions in Q3 2025 and 61 closed out, a net change of +77 holders.
  • The largest iShares MSCI Emerging Markets ETF buyer in Q3 2025 was Clal Insurance, an estimated $383M added.
  • The largest iShares MSCI Emerging Markets ETF seller in Q3 2025 was Jane Street, an estimated $481M sold.

Based on aggregated 13F filings for Q3 2025.