iShares MSCI Emerging Markets ex China ETF
EMXC
868 hedge funds and large institutions have $12.4B invested in iShares MSCI Emerging Markets ex China ETF in 2025 Q1 according to their latest regulatory filings, with 75 funds opening new positions, 277 increasing their positions, 411 reducing their positions, and 97 closing their positions.
58% more call options, than puts
Call options by funds: $678K | Put options by funds: $430K
3.31% less ownership
Funds ownership: 88.64% → 85.33% (-3.3%)
5% less funds holding
Funds holding: 910 → 868 (-42)
12% less capital invested
Capital invested by funds: $14.1B → $12.4B (-$1.76B)
23% less first-time investments, than exits
New positions opened: 75 | Existing positions closed: 97
27% less funds holding in top 10
Funds holding in top 10: 67 → 49 (-18)
33% less repeat investments, than reductions
Existing positions increased: 277 | Existing positions reduced: 411
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
+$298M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$298M |
| 3 |
BlackRock
New York
|
+$285M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
+$26.4M |
| 5 |
PCIG
Partners Capital Investment Group
Boston,
Massachusetts
|
+$24.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$434M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$318M |
| 3 |
Temasek Holdings
Singapore
|
-$144M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$137M |
| 5 |
RBA
Richard Bernstein Advisors
New York
|
-$107M |
EMXC Hedge Fund Activity: Q1 2025 in Review
868 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI Emerging Markets ex China ETF (EMXC) for Q1 2025, worth a combined $12.4B — down 12% from $14.1B a quarter earlier.
Sellers outnumbered buyers: 97 funds closed out of EMXC and 75 opened new positions — a net loss of 22 holders — while 411 trimmed existing stakes and 277 added.
The largest buyer was United Services Automobile Association, opening a new position worth an estimated $298M. The largest seller was JP Morgan Chase, cutting an estimated $434M.
- 868 institutional investors held iShares MSCI Emerging Markets ex China ETF (EMXC) as of Q1 2025, down from 910 in Q4 2024.
- Funds reported $12.4B of iShares MSCI Emerging Markets ex China ETF stock for Q1 2025, down 12% quarter-over-quarter.
- 75 funds opened new iShares MSCI Emerging Markets ex China ETF positions in Q1 2025 and 97 closed out, a net change of -22 holders.
- The largest iShares MSCI Emerging Markets ex China ETF buyer in Q1 2025 was United Services Automobile Association, an estimated $298M added.
- The largest iShares MSCI Emerging Markets ex China ETF seller in Q1 2025 was JP Morgan Chase, an estimated $434M sold.
Based on aggregated 13F filings for Q1 2025.