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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
WIM
1826
Westside Investment Management
California
$210K +$171 +2 +0.1%
ODA
1827
One Degree Advisors
California
$209K +$200K +2,341 New
AT
1828
American Trust
Kentucky
$209K -$2.75M -32,251 -93%
IAIM
1829
International Assets Investment Management
Florida
$209K -$268K -3,143 -57%
FC
1830
Fulcrum Capital
Washington
$206K +$197K +2,305 New
PP
1831
PDS Planning
Ohio
$205K -$13.7K -161 -7%
KCP
1832
Kera Capital Partners
California
$205K +$195K +2,288 New
WMWM
1833
Wilkins Miller Wealth Management
Alabama
$204K +$195K +2,282 New
CAAS
1834
Capital Asset Advisory Services
Michigan
$204K +$195K +2,281 New
NCM
1835
NCM Capital Management
New Jersey
$203K +$194K +2,276 New
MKA
1836
M. Kulyk & Associates
Georgia
$203K +$194K +2,275 New
PCTC
1837
Perkins Coie Trust Company
Washington
$203K – – –
AF
1838
Apollon Financial
South Carolina
$203K +$194K +2,270 New
CGL
1839
Clarius Group LLC
Washington
$201K +$192K +2,248 New
SFA
1840
Seneca Financial Advisors
New York
$200K +$191K +2,239 New
CB
1841
Centennial Bank
Arkansas
$199K +$85.7K +1,004 +82%
BMM
1842
Berkshire Money Management
Massachusetts
$199K +$190K +2,221 New
MSWM
1843
Mowery & Schoenfeld Wealth Management
Illinois
$198K – – –
RMC
1844
Resources Management Corp
Connecticut
$197K -$2.56K -30 -1%
NC
1845
North Capital
Utah
$193K -$2.56K -30 -1%
RWML
1846
RAFFA WEALTH MANAGEMENT, LLC
District of Columbia
$193K +$854 +10 +0.5%
CFO
1847
CVA Family Office
Colorado
$190K +$39.4K +462 +28%
CFD
1848
Creative Financial Designs
Indiana
$188K +$42.9K +502 +31%
TPW
1849
Talon Private Wealth
Florida
$183K -$120K -1,407 -41%
KA
1850
Kozak & Associates
Colorado
$181K +$2.31K +27 +1%
72 73
74
75 76

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.