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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
BMC
2026
Bear Mountain Capital
Washington
$88 -$43.3K -507 -100%
EWA
2027
EQ Wealth Advisors
Texas
$13 – – –
CF
2028
Corebridge Financial
Texas
– -$40.4M -494,000 Closed
HF
2029
HRT Financial
New York
– -$27.9M -341,704 Closed
Verition Fund Management
2030
Verition Fund Management
Connecticut
– -$24.8M -303,177 Closed
FCI
2031
Financial Counselors Inc
Kansas
– -$17.2M -210,585 Closed
Renaissance Technologies
2032
Renaissance Technologies
New York
– -$15.7M -191,600 Closed
WA
2033
Wilshire Advisors
California
– -$3.59M -139,130 Closed
Marshall Wace
2034
Marshall Wace
United Kingdom
– -$11.7M -137,046 Closed
WCF
2035
West Coast Financial
California
– -$9.67M -118,371 Closed
Caisse de Depot et Placement du Quebec (CDPQ)
2036
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
– -$5.71M -69,847 Closed
CWC
2037
Carolinas Wealth Consulting
North Carolina
– -$4.42M -54,032 Closed
CSS
2038
Cubist Systematic Strategies
Connecticut
– -$4.48M -52,434 Closed
DL
2039
DOHJ LLC
Washington
– -$2.82M -34,458 Closed
VAM
2040
Verity Asset Management
North Carolina
– -$2.79M -34,163 Closed
HT
2041
HAP Trading
New York
– -$2.52M -29,569 Closed
AC
2042
ASB Consultores
Florida
– -$2.16M -26,410 Closed
BCM
2043
Bluefin Capital Management
New York
– -$1.96M -24,018 Closed
FLP
2044
Financial Life Planners
Arizona
– -$1.95M -23,839 Closed
QL
2045
Quarry LP
New York
– -$1.84M -22,500 Closed
EGM
2046
Engineers Gate Manager
New York
– -$1.51M -18,428 Closed
TVAMP
2047
Tennessee Valley Asset Management Partners
Tennessee
– -$1.49M -18,174 Closed
BIP
2048
Blueprint Investment Partners
North Carolina
– -$1.06M -13,006 Closed
LA
2049
Latitude Advisors
Florida
– -$1.03M -12,641 Closed
YIH
2050
Y-Intercept (HK)
Hong Kong
– -$909K -11,119 Closed
80 81
82
83 84

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.