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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
PL
1676
Plancorp LLC
Missouri
$290K -$4.35K -51 -2%
BTD
1677
BankPlus Trust Department
Mississippi
$290K -$42.7K -500 -13%
RA
1678
Riversedge Advisors
Delaware
$288K -$15.4K -180 -5%
MWM
1679
Melfa Wealth Management
Massachusetts
$288K – – –
CPA
1680
Capital Performance Advisors
California
$288K -$10.2K -119 -4%
WPW
1681
Watershed Private Wealth
Illinois
$288K -$17.2K -201 -6%
WPA
1682
West Paces Advisors
Georgia
$288K +$32.7K +383 +13%
AFA
1683
Allium Financial Advisors
Oregon
$287K -$775K -9,072 -74%
SWM
1684
SFG Wealth Management
Maryland
$287K +$171 +2 +0.1%
GWM
1685
GSB Wealth Management
Connecticut
$287K +$3.33K +39 +1%
C1AG
1686
Client 1st Advisory Group
Florida
$286K – – –
BPC
1687
Bearing Point Capital
Minnesota
$286K -$34.7K -407 -11%
SB
1688
Semitam Bonam
New York
$285K +$272K +3,191 New
First Trust Advisors
1689
First Trust Advisors
Illinois
$285K +$32.2K +377 +13%
TA
1690
TPG Advisors
Illinois
$285K – – –
TFGT
1691
TS Financial Group (TSFG)
Illinois
$284K +$171 +2 +0.1%
BCM
1692
Boreal Capital Management
Florida
$284K +$271K +3,175 New
GCA
1693
Greenwood Capital Associates
South Carolina
$284K – – –
OAM
1694
Occidental Asset Management
California
$283K -$1.2K -14 -0.4%
AW
1695
Avion Wealth
Texas
$283K +$598 +7 +0.2%
CW
1696
Cooksen Wealth
Texas
$283K – – –
HL
1697
Harding Loevner
New Jersey
$282K -$1.32M -15,449 -83%
PPW
1698
PACK Private Wealth
Minnesota
$281K – – –
MIC
1699
Means Investment Company
Maine
$279K – – –
SWMG
1700
Sard Wealth Management Group
Georgia
$279K +$4.61K +54 +2%
66 67
68
69 70

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.