iShares MSCI EAFE ETF
2,214 hedge funds and large institutions have $56.2B invested in iShares MSCI EAFE ETF in 2025 Q4 according to their latest regulatory filings, with 282 funds opening new positions, 846 increasing their positions, 665 reducing their positions, and 73 closing their positions.
286% more first-time investments, than exits
New positions opened: 282 | Existing positions closed: 73
27% more repeat investments, than reductions
Existing positions increased: 846 | Existing positions reduced: 665
8% more funds holding
Funds holding: 2,046 → 2,214 (+168)
2% more funds holding in top 10
Funds holding in top 10: 168 → 171 (+3)
5% more capital invested
Capital invested by funds: $53.7B → $56.2B (+$2.46B)
0.08% more ownership
Funds ownership: 79.65% → 79.73% (+0.08%)
17% less call options, than puts
Call options by funds: $6.24B | Put options by funds: $7.54B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$403M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$183M |
| 3 |
NMIMC
Northwestern Mutual Investment Management Company
Milwaukee,
Wisconsin
|
+$182M |
| 4 |
BlackRock
New York
|
+$162M |
| 5 |
WCM Investment Management
Laguna Beach,
California
|
+$143M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Causeway Capital Management
Los Angeles,
California
|
-$463M |
| 2 |
BOTOTLSJU
Board of Trustees of The Leland Stanford Junior University
Redwood City,
California
|
-$312M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$184M |
| 4 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
-$183M |
| 5 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$154M |
EFA Hedge Fund Activity: Q4 2025 in Review
2,214 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI EAFE ETF (EFA) for Q4 2025, worth a combined $56.2B — up 4.6% from $53.7B a quarter earlier.
Buyers outnumbered sellers: 282 funds opened new EFA positions and 73 closed out — a net gain of 209 holders — while 846 added to existing stakes and 665 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $403M. The largest seller was Causeway Capital Management, cutting an estimated $463M.
- 2,214 institutional investors held iShares MSCI EAFE ETF (EFA) as of Q4 2025, up from 2,046 in Q3 2025.
- Funds reported $56.2B of iShares MSCI EAFE ETF stock for Q4 2025, up 4.6% quarter-over-quarter.
- 282 funds opened new iShares MSCI EAFE ETF positions in Q4 2025 and 73 closed out, a net change of +209 holders.
- The largest iShares MSCI EAFE ETF buyer in Q4 2025 was Morgan Stanley, an estimated $403M added.
- The largest iShares MSCI EAFE ETF seller in Q4 2025 was Causeway Capital Management, an estimated $463M sold.
Based on aggregated 13F filings for Q4 2025.