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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
AAMC
1601
Asset Allocation & Management Company
Illinois
$351K -$2.13M -25,000 -86%
KWM
1602
Kaydan Wealth Management
Michigan
$351K +$335K +3,926 New
IIM
1603
Ipswich Investment Management
Massachusetts
$351K – – –
Victory Capital Management
1604
Victory Capital Management
Texas
$349K -$74.5K -873 -18%
FMN
1605
Financial Management Network
California
$347K +$331K +3,877 New
AIM
1606
AHL Investment Management
Florida
$346K – – –
SOS
1607
Silver Oak Securities
Tennessee
$345K +$330K +3,863 New
RW
1608
REDW Wealth
New Mexico
$344K – – –
BSA
1609
Bull Street Advisors
Georgia
$344K – – –
SL
1610
Sentinus LLC
Illinois
$341K -$6.57K -77 -2%
TWA
1611
Trellis Wealth Advisors
California
$340K – – –
IFWM
1612
Institute for Wealth Management
Colorado
$337K +$29.9K +350 +10%
DFA
1613
DHK Financial Advisors
New Hampshire
$336K -$2.7M -31,638 -89%
TCPG
1614
Trivant Custom Portfolio Group
California
$336K +$32K +375 +11%
EFA
1615
Evernest Financial Advisors
Indiana
$336K – – –
KBFS
1616
Kohmann Bosshard Financial Services
Ohio
$334K – – –
A
1617
Argentarii
Ohio
$333K -$106K -1,246 -25%
CA
1618
Cortland Associates
Missouri
$330K +$854 +10 +0.3%
RFA
1619
RTD Financial Advisors
Pennsylvania
$329K -$17.1K -200 -5%
NLP
1620
Next Level Private
New York
$329K +$768 +9 +0.2%
SAW
1621
Signal Advisors Wealth
Michigan
$329K +$314K +3,675 New
CA
1622
Claro Advisors
Massachusetts
$328K -$5.63K -66 -2%
Group One Trading
1623
Group One Trading
Illinois
$327K -$3.96M -46,335 -93%
SWM
1624
Sentinel Wealth Management
Virginia
$326K +$312K +3,650 New
SHJ
1625
Sharkey, Howes & Javer
Colorado
$326K -$2.97M -34,793 -91%
63 64
65
66 67

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.