iShares MSCI Russia ETF
ERUS
ERUS was delisted on the 3rd of March, 2022.
65 hedge funds and large institutions have $250M invested in iShares MSCI Russia ETF in 2018 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 18 increasing their positions, 21 reducing their positions, and 22 closing their positions.
14% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 21
17% less funds holding
Funds holding: 78 → 65 (-13)
48% less capital invested
Capital invested by funds: $484M → $250M (-$234M)
59% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
X
Xponance
Philadelphia,
Pennsylvania
|
+$3.9M |
| 2 |
Millennium Management
New York
|
+$3.5M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$1.67M |
| 4 |
NIPH
NN Investment Partners Holdings
The Hague,
Netherlands
|
+$1.11M |
| 5 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
+$1.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$60M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$42M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$36.8M |
| 4 |
Citigroup
New York
|
-$16.7M |
| 5 |
Jane Street
New York
|
-$11.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FTUS
76
Flow Traders U.S.
New York
| – | -$622K | -17,081 | Closed |
|
|
H
77
Hexavest
Montreal,
Quebec, Canada
| – | -$584K | -16,029 | Closed |
|
78
Allianz Asset Management
Munich,
Germany
| – | -$528K | -14,500 | Closed |
|
|
BCM
79
Bluefin Capital Management
New York
| – | -$351K | -9,628 | Closed |
|
|
HFM
80
Harvest Fund Management
Beijing,
China
| – | -$342K | -9,394 | Closed |
|
|
CCA
81
Checchi Capital Advisers
Beverly Hills,
California
| – | -$317K | -8,688 | Closed |
|
|
VF
82
Virtu Financial
New York
| – | -$265K | -7,282 | Closed |
|
|
EB
83
Eastern Bank
Boston,
Massachusetts
| – | -$241K | -6,609 | Closed |
|
|
MA
84
MUFG Americas
New York
| – | -$99K | -2,727 | Closed |
|
|
S
85
SignatureFD
Atlanta,
Georgia
| – | -$17K | -456 | Closed |
|
ERUS Hedge Fund Activity: Q2 2018 in Review
65 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI Russia ETF (ERUS) for Q2 2018, worth a combined $250M — down 48% from $484M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of ERUS and 9 opened new positions — a net loss of 13 holders — while 21 trimmed existing stakes and 18 added.
The largest buyer was Xponance, adding an estimated $3.9M. The largest seller was Credit Suisse, exiting entirely with an estimated $60M sold.
- 65 institutional investors held iShares MSCI Russia ETF (ERUS) as of Q2 2018, down from 78 in Q1 2018.
- Funds reported $250M of iShares MSCI Russia ETF stock for Q2 2018, down 48% quarter-over-quarter.
- 9 funds opened new iShares MSCI Russia ETF positions in Q2 2018 and 22 closed out, a net change of -13 holders.
- The largest iShares MSCI Russia ETF buyer in Q2 2018 was Xponance, an estimated $3.9M added.
- The largest iShares MSCI Russia ETF seller in Q2 2018 was Credit Suisse, an estimated $60M sold.
Based on aggregated 13F filings for Q2 2018.