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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
GI
1576
GAMMA Investing
California
$363K – – –
TPWA
1577
TRUE Private Wealth Advisors
Oregon
$361K +$1.28K +15 +0.4%
FM
1578
Family Management
New York
$360K – – –
SAM
1579
S.A. Mason
Michigan
$360K – – –
CWP
1580
Concord Wealth Partners
Virginia
$359K +$5.89K +69 +2%
CAMV
1581
Concord Asset Management (Virginia)
Virginia
$359K +$343K +4,020 New
PT
1582
Plimoth Trust
Massachusetts
$359K +$343K +4,016 New
ASC
1583
Atalanta Sosnoff Capital
New York
$359K -$19.2K -225 -5%
SCM
1584
Shelton Capital Management
Colorado
$358K -$27.9K -327 -8%
CAM
1585
CPA Asset Management
Florida
$358K – – –
GWCM
1586
Godshalk Welsh Capital Management
Pennsylvania
$358K – – –
CCA
1587
Carrera Capital Advisors
Michigan
$356K +$5.04K +59 +2%
SWM
1588
Sendero Wealth Management
Texas
$356K – – –
AGA
1589
Arkos Global Advisors
Texas
$356K – – –
SP
1590
SIH Partners
Delaware
$355K +$339K +3,975 New
TA
1591
TFB Advisors
Kansas
$355K +$31.2K +365 +10%
SIS
1592
Sound Income Strategies
Florida
$355K +$266K +3,111 +361%
JWM
1593
JPL Wealth Management
Colorado
$354K – – –
KIA
1594
KCM Investment Advisors
California
$354K +$38.4K +450 +13%
FVWA
1595
Foster Victor Wealth Advisors
South Carolina
$354K -$5.55K -65 -2%
CFG
1596
Copley Financial Group
California
$354K -$30.7K -359 -8%
ST
1597
Sageworth Trust
Pennsylvania
$353K – – –
VFG
1598
Valley Financial Group
Pennsylvania
$353K – – –
CMMS
1599
Comprehensive Money Management Services
Florida
$352K – – –
CAM
1600
Cozad Asset Management
Illinois
$352K +$1.28K +15 +0.4%
62 63
64
65 66

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.