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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
IF
1801
IRON Financial
Illinois
$218K -$8.71K -102 -4%
OFG
1802
Opulen Financial Group
Virginia
$218K +$208K +2,442 New
KOCAA
1803
Knights of Columbus Asset Advisors
Connecticut
$218K -$3.33K -39 -2%
JA
1804
JVL Associates
Michigan
$218K +$208K +2,439 New
MA
1805
MONECO Advisors
Connecticut
$218K +$208K +2,439 New
FA
1806
Fountainhead AM
New Jersey
$217K +$207K +2,429 New
BWM
1807
BKM Wealth Management
Wisconsin
$217K +$207K +2,425 New
WFS
1808
Widmann Financial Services
Maryland
$216K -$23.1K -270 -10%
PL
1809
Parthenon LLC
Kentucky
$216K +$206K +2,413 New
CWA
1810
Canvas Wealth Advisors
Kansas
$216K +$206K +2,415 New
CHA
1811
Cooper/Haims Advisors
New York
$215K +$206K +2,411 New
SIAS
1812
Summit Investment Advisory Services
Minnesota
$215K +$206K +2,408 New
QFW
1813
QTR Family Wealth
Florida
$215K +$206K +2,407 New
SCM
1814
SOL Capital Management
Maryland
$215K +$205K +2,400 New
NF
1815
Nikulski Financial
Iowa
$215K +$205K +2,405 New
RLIM
1816
Red Lighthouse Investment Management
New York
$215K – – –
LI
1817
Lafayette Investments
Maryland
$214K +$204K +2,391 New
TI
1818
Trexquant Investment
Connecticut
$213K +$203K +2,383 New
BCA
1819
Bay Colony Advisors
Massachusetts
$213K -$15.9K -186 -7%
KWM
1820
Keebeck Wealth Management
Illinois
$212K +$203K +2,377 New
CAI
1821
Capital Advisors Inc
Oklahoma
$212K +$203K +2,375 New
CEI
1822
Clark Estates Inc
New York
$212K +$202K +2,370 New
MCM
1823
MontVue Capital Management
Virginia
$211K +$202K +2,364 New
DWA
1824
Delos Wealth Advisors
Texas
$211K +$201K +2,355 New
FSA
1825
Fort Sheridan Advisors
Illinois
$210K +$201K +2,352 New
71 72
73
74 75

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.