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iShares MSCI EAFE ETF

EFA

Market cap $78.5B

2,025 hedge funds and large institutions have $51.7B invested in iShares MSCI EAFE ETF in 2025 Q2 according to their latest regulatory filings, with 176 funds opening new positions, 799 increasing their positions, 680 reducing their positions, and 76 closing their positions.

New

Increased

Maintained

Reduced

Closed

132% more first-time investments, than exits

New positions opened: 176 | Existing positions closed: 76

18% more repeat investments, than reductions

Existing positions increased: 799 | Existing positions reduced: 680

15% more funds holding in top 10

Funds holding in top 10: 156 → 179 (+23)

10% more capital invested

Capital invested by funds: $47.1B → $51.7B (+$4.51B)

3% more funds holding

Funds holding: 1,959 → 2,025 (+66)

1.91% less ownership

Funds ownership: 81.93% → 80.02% (-1.9%)

21% less call options, than puts

Call options by funds: $5.04B | Put options by funds: $6.4B

Holders

2,025

Holders Change

+66

Holders Change %

+3.37%

% of All Funds

26.66%

Holding in Top 10

179

Holding in Top 10 Change

+23

Holding in Top 10 Change %

+14.74%

% of All Funds

2.36%

New

176

Increased

799

Reduced

680

Closed

Calls

$5.04B

Puts

$6.4B

Net Calls

-$1.36B

Net Calls Change

-$501M

Top Buyers

Rank	Fund	Capital Flow
1	CA Cambridge Associates Boston, Massachusetts	+$300M
2	Jane Street New York	+$275M
3	Susquehanna International Group Bala Cynwyd, Pennsylvania	+$207M
4	State Board of Administration of Florida Retirement System Tallahassee, Florida	+$200M
5	BOTOTLSJU Board of Trustees of The Leland Stanford Junior University Redwood City, California	+$197M

Top Sellers

Rank	Fund	Capital Flow
1	BlackRock New York	-$1.88B
2	Morgan Stanley New York	-$297M
3	Goldman Sachs New York	-$172M
4	Citigroup New York	-$115M
5	SG Americas Securities New York	-$100M

#	Name	Holding	Trade Value	Shares Change	Change in Stake
51	51 HighTower Advisors Chicago, Illinois	$135M	+$4.27M	+50,036	+3%
52	52 Stifel Financial St. Louis, Missouri	$128M	-$4.59M	-53,797	-4%
53	53 Natixis Advisors Boston, Massachusetts	$124M	-$75.2M	-880,926	-39%
54	ABTD 54 Arvest Bank Trust Division Dewey, Oklahoma	$124M	-$1.97M	-23,062	-2%
55	B 55 Bailard Foster City, California	$124M	+$2.97M	+34,789	+3%
56	56 Mercer Global Advisors Denver, Colorado	$121M	+$6.87M	+80,443	+6%
57	57 HSBC Holdings London, United Kingdom	$121M	+$14.2M	+165,943	+14%
58	58 Baird Financial Group Milwaukee, Wisconsin	$120M	+$621K	+7,270	+0.5%
59	59 Barclays London, United Kingdom	$116M	-$16.7M	-195,139	-13%
60	60 Commonwealth Equity Services Waltham, Massachusetts	$115M	+$13.7M	+160,051	+14%
61	61 CAPTRUST Financial Advisors Raleigh, North Carolina	$115M	-$4.83M	-56,543	-4%
62	62 CIBC Private Wealth Group Atlanta, Georgia	$110M	+$7.1M	+83,216	+7%
63	63 Fifth Third Bancorp Cincinnati, Ohio	$108M	-$7.14M	-83,627	-7%
64	WANY 64 Wealthspire Advisors (New York) New York	$102M	+$1.11M	+12,948	+1%
65	65 Pathstone Holdings Englewood, New Jersey	$97.6M	+$21.2M	+248,536	+26%
66	66 Wealth Enhancement Advisory Services Plymouth, Minnesota	$93.4M	+$4.05M	+47,384	+5%
67	HNB 67 Huntington National Bank Columbus, Ohio	$92.9M	–	–	–
68	68 SG Americas Securities New York	$92.6M	-$100M	-1,173,036	-53%
69	69 Cetera Investment Advisers Schaumburg, Illinois	$90.8M	+$14.7M	+172,211	+20%
70	WF 70 WoodTrust Financial Wisconsin Rapids, Wisconsin	$90.6M	+$4.79M	+56,075	+6%
71	WSFS 71 Wilmington Savings Fund Society Wilmington, Delaware	$90.1M	+$25.8M	+302,498	+43%
72	LW 72 Linscomb Wealth Houston, Texas	$89.6M	-$2.97M	-34,772	-3%
73	73 Squarepoint New York	$88.8M	+$84.8M	+993,060	New
74	BF 74 BOK Financial Tulsa, Oklahoma	$86.1M	-$522K	-6,117	-0.6%
75	GIM 75 Glenmede Investment Management Philadelphia, Pennsylvania	$79.7M	+$76.1M	+891,607	New

EFA Hedge Fund Activity: Q2 2025 in Review

2,025 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI EAFE ETF (EFA) for Q2 2025, worth a combined $51.7B — up 9.6% from $47.1B a quarter earlier.

Buyers outnumbered sellers: 176 funds opened new EFA positions and 76 closed out — a net gain of 100 holders — while 799 added to existing stakes and 680 trimmed.

The largest buyer was Cambridge Associates, opening a new position worth an estimated $300M. The largest seller was BlackRock, cutting an estimated $1.88B.

2,025 institutional investors held iShares MSCI EAFE ETF (EFA) as of Q2 2025, up from 1,959 in Q1 2025.
Funds reported $51.7B of iShares MSCI EAFE ETF stock for Q2 2025, up 9.6% quarter-over-quarter.
176 funds opened new iShares MSCI EAFE ETF positions in Q2 2025 and 76 closed out, a net change of +100 holders.
The largest iShares MSCI EAFE ETF buyer in Q2 2025 was Cambridge Associates, an estimated $300M added.
The largest iShares MSCI EAFE ETF seller in Q2 2025 was BlackRock, an estimated $1.88B sold.

Based on aggregated 13F filings for Q2 2025.

iShares MSCI EAFE ETF EFA Market cap $78.5B