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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
3AM
2051
3EDGE Asset Management
Florida
– -$860K -10,449 Closed
SC
2052
SummitTX Capital
Texas
– -$841K -10,291 Closed
CFG
2053
Clayton Financial Group
Missouri
– -$808K -9,886 Closed
BWA
2054
BlueSky Wealth Advisors
North Carolina
– -$780K -9,543 Closed
JWBC
2055
John W. Brooker & Co
California
– -$575K -7,035 Closed
SP
2056
Stonebrook Private
Michigan
– -$500K -6,116 Closed
CFS
2057
Cannon Financial Strategists
Georgia
– -$481K -5,889 Closed
PA
2058
PFG Advisors
Arizona
– -$457K -5,592 Closed
HJGA
2059
Hardman Johnston Global Advisors
Connecticut
– -$441K -5,400 Closed
EP
2060
Edgestream Partners
New Jersey
– -$438K -5,364 Closed
HWMT
2061
Heritage Wealth Management (Texas)
Texas
– -$378K -4,627 Closed
MSCM
2062
McElhenny Sheffield Capital Management
Texas
– -$369K -4,515 Closed
LA
2063
Legacy Advisors
Pennsylvania
– -$360K -4,401 Closed
VF
2064
Vawter Financial
Ohio
– -$359K -4,394 Closed
UF
2065
Univest Financial
Pennsylvania
– -$351K -4,300 Closed
DFA
2066
Davies Financial Advisors
California
– -$335K -4,100 Closed
CAS
2067
Coppell Advisory Solutions
Texas
– -$289K -3,484 Closed
ClearBridge Investments
2068
ClearBridge Investments
New York
– -$279K -3,410 Closed
BCA
2069
Ballentine Capital Advisors
South Carolina
– -$275K -3,364 Closed
WLPWM
2070
Walled Lake Planning & Wealth Management
Illinois
– -$270K -3,304 Closed
FA
2071
Financial Advisors
Massachusetts
– -$268K -3,274 Closed
WA
2072
Wealthstar Advisors
Texas
– -$266K -3,251 Closed
MPM
2073
Meritage Portfolio Management
Kansas
– -$255K -3,119 Closed
DAS
2074
Diversify Advisory Services
Utah
– -$242K -2,855 Closed
W
2075
WorthPointe
California
– -$233K -2,848 Closed
81 82
83
84 85

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.