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iShares MSCI EAFE ETF
EFA

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
76
Calls
$5.04B
Puts
$6.4B
Net Calls
-$1.36B
Net Calls Change
-$501M

Top Buyers

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

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$1.88B
2
Morgan Stanley
Morgan Stanley
New York
-$297M
3
Goldman Sachs
Goldman Sachs
New York
-$172M
4
Citigroup
Citigroup
New York
-$115M
5
SG Americas Securities
SG Americas Securities
New York
-$100M
Name Holding Trade Value Shares
Change 		Change in
Stake
EFA
851
Edge Financial Advisors
Illinois
$2M -$13.1K -154 -0.7%
BAM
852
Berkshire Asset Management
Pennsylvania
$1.99M – – –
LWM
853
Lionsbridge Wealth Management
Florida
$1.99M -$2.35M -27,514 -55%
TFA
854
Trinity Financial Advisors
Ohio
$1.99M +$305K +3,567 +19%
TCOV
855
Trust Company of Vermont
Vermont
$1.98M +$114K +1,338 +6%
NAS
856
NWF Advisory Services
California
$1.97M -$103K -1,211 -5%
VFS
857
Valpey Financial Services
New Hampshire
$1.96M +$1.87M +21,948 New
BWM
858
BNC Wealth Management
Oregon
$1.96M +$328K +3,844 +21%
LJHT
859
Laurie J. Hall Trustee
$1.96M – – –
SCM
860
Saxony Capital Management
Missouri
$1.95M +$1.86M +21,840 New
MWM
861
MGB Wealth Management
Texas
$1.95M -$1.25M -14,605 -40%
QCM
862
Quantinno Capital Management
New York
$1.95M +$1.3M +15,246 +233%
FA
863
FDx Advisors
Illinois
$1.95M -$123K -1,442 -6%
FAT
864
First American Trust
California
$1.94M +$245K +2,869 +15%
OMC
865
Old Mission Capital
Illinois
$1.93M +$1.84M +21,558 New
CFA
866
Cahill Financial Advisors
Minnesota
$1.93M +$11.9K +139 +0.6%
SC
867
Stephens Consulting
Michigan
$1.92M +$256 +3 +0%
BFO
868
Biltmore Family Office
North Carolina
$1.91M -$10.7K -125 -0.6%
MWA
869
Midland Wealth Advisors
Illinois
$1.91M -$23.5K -275 -1%
PCA
870
Pallas Capital Advisors
Massachusetts
$1.91M -$141K -1,655 -7%
PCM
871
Parsons Capital Management
Rhode Island
$1.9M +$20.5K +240 +1%
ST
872
Smithfield Trust
Pennsylvania
$1.9M -$8.03K -94 -0.4%
FG
873
Fairman Group
Pennsylvania
$1.89M +$31.2K +365 +2%
SCTC
874
Sanibel Captiva Trust Company
Florida
$1.89M -$321K -3,765 -15%
SWA
875
Sax Wealth Advisors
New Jersey
$1.88M +$237K +2,780 +15%
33 34
35
36 37

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.