iShares MSCI Russia ETF
ERUS
ERUS was delisted on the 3rd of March, 2022.
48 hedge funds and large institutions have $178M invested in iShares MSCI Russia ETF in 2020 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 10 increasing their positions, 18 reducing their positions, and 27 closing their positions.
32% less funds holding
Funds holding: 71 → 48 (-23)
43% less capital invested
Capital invested by funds: $313M → $178M (-$134M)
44% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 18
70% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
ARGA Investment Management
Stamford,
Connecticut
|
+$15.8M |
| 2 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
+$9.43M |
| 3 |
New York State Common Retirement Fund
Albany,
New York
|
+$2.22M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$2.21M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
+$1.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$18M |
| 2 |
JP Morgan Chase
New York
|
-$9.49M |
| 3 |
BlackRock
New York
|
-$8.83M |
| 4 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$6.69M |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$3.41M |
ERUS Hedge Fund Activity: Q1 2020 in Review
48 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI Russia ETF (ERUS) for Q1 2020, worth a combined $178M — down 43% from $313M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of ERUS and 8 opened new positions — a net loss of 19 holders — while 18 trimmed existing stakes and 10 added.
The largest buyer was ARGA Investment Management, opening a new position worth an estimated $15.8M. The largest seller was Morgan Stanley, cutting an estimated $18M.
- 48 institutional investors held iShares MSCI Russia ETF (ERUS) as of Q1 2020, down from 71 in Q4 2019.
- Funds reported $178M of iShares MSCI Russia ETF stock for Q1 2020, down 43% quarter-over-quarter.
- 8 funds opened new iShares MSCI Russia ETF positions in Q1 2020 and 27 closed out, a net change of -19 holders.
- The largest iShares MSCI Russia ETF buyer in Q1 2020 was ARGA Investment Management, an estimated $15.8M added.
- The largest iShares MSCI Russia ETF seller in Q1 2020 was Morgan Stanley, an estimated $18M sold.
Based on aggregated 13F filings for Q1 2020.