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iShares MSCI Germany ETF
EWG

236 hedge funds and large institutions have $1.1B invested in iShares MSCI Germany ETF in 2025 Q1 according to their latest regulatory filings, with 100 funds opening new positions, 59 increasing their positions, 40 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

426% more first-time investments, than exits

New positions opened: 100 | Existing positions closed: 19

158% more capital invested

Capital invested by funds: $427M → $1.1B (+$675M)

50% more funds holding

Funds holding: 157 → 236 (+79)

48% more repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 40

5.61% more ownership

Funds ownership: 49.68% → 55.29% (+5.6%)

68% less call options, than puts

Call options by funds: $43.2M | Put options by funds: $133M

Holders
236
Holders Change
+79
Holders Change %
+50.32%
% of All Funds
3.16%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.03%
New
100
Increased
59
Reduced
40
Closed
19
Calls
$43.2M
Puts
$133M
Net Calls
-$90.3M
Net Calls Change
-$64.5M

Top Buyers

Rank Fund Capital Flow
1
HSBC Holdings
HSBC Holdings
United Kingdom
+$117M
2
Jane Street
Jane Street
New York
+$115M
3
NVCHI
New Vernon Capital Holdings II
New Jersey
+$55.2M
4
RIG
RiverFront Investment Group
Virginia
+$45.6M
5
LLWM
Life Line Wealth Management
California
+$43.1M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$25.8M
2
BlackRock
BlackRock
New York
-$16.3M
3
MMEA
Main Management ETF Advisors
California
-$8.34M
4
Optiver Holding
Optiver Holding
Netherlands
-$8.16M
5
Citadel Advisors
Citadel Advisors
Florida
-$6.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
C
226
Covestor
United Kingdom
$4K +$1.75K +49 +77%
FMTCOCP
227
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$4K +$3.57K +100 New
ACA
228
Atlas Capital Advisors
Wyoming
$3.89K +$3.75K +105 New
MSG
229
Main Street Group
Virginia
$3.71K -$3.21K -90 -47%
AF
230
Advisornet Financial
Minnesota
$3.71K +$3.57K +100 New
AssetMark Inc
231
AssetMark Inc
California
$2.41K +$2.32K +65 New
TPCW
232
TD Private Client Wealth
New York
$2.34K +$2.25K +63 New
EWA
233
EverSource Wealth Advisors
Alabama
$1.45K – – –
TFA
234
Transamerica Financial Advisors
Florida
$1K – – –
HI
235
Horizon Investments
North Carolina
$927 +$322 +9 +56%
ACA
236
American Capital Advisory
Idaho
$38 – – –
MMEA
237
Main Management ETF Advisors
California
– -$8.34M -262,190 Closed
Optiver Holding
238
Optiver Holding
Netherlands
– -$8.16M -256,373 Closed
PE
239
Point72 Europe
United Kingdom
– -$5.84M -183,600 Closed
BIG
240
Boothe Investment Group
Delaware
– -$1.63M -51,325 Closed
Manulife (Manufacturers Life Insurance)
241
Manulife (Manufacturers Life Insurance)
Ontario, Canada
– -$1.29M -40,393 Closed
D.E. Shaw & Co
242
D.E. Shaw & Co
New York
– -$1.27M -39,978 Closed
TSS
243
Two Sigma Securities
New York
– -$784K -24,630 Closed
Lido Advisors
244
Lido Advisors
California
– -$368K -11,573 Closed
AAP
245
Arax Advisory Partners
Colorado
– -$301K -9,452 Closed
HF
246
HRT Financial
New York
– -$220K -6,935 Closed
ANTB
247
AMG National Trust Bank
Colorado
– -$208K -6,511 Closed
CAS
248
Coppell Advisory Solutions
Texas
– -$141K -4,433 Closed
IA
249
IFP Advisors
Florida
– -$86.1K -2,706 Closed
MM
250
Main Management
California
– -$48K -1,500 Closed
7 8 9
10
11

EWG Hedge Fund Activity: Q1 2025 in Review

236 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI Germany ETF (EWG) for Q1 2025, worth a combined $1.1B — up 158% from $427M a quarter earlier.

Buyers outnumbered sellers: 100 funds opened new EWG positions and 19 closed out — a net gain of 81 holders — while 59 added to existing stakes and 40 trimmed.

The largest buyer was HSBC Holdings, adding an estimated $117M. The largest seller was Morgan Stanley, cutting an estimated $25.8M.

  • 236 institutional investors held iShares MSCI Germany ETF (EWG) as of Q1 2025, up from 157 in Q4 2024.
  • Funds reported $1.1B of iShares MSCI Germany ETF stock for Q1 2025, up 158% quarter-over-quarter.
  • 100 funds opened new iShares MSCI Germany ETF positions in Q1 2025 and 19 closed out, a net change of +81 holders.
  • The largest iShares MSCI Germany ETF buyer in Q1 2025 was HSBC Holdings, an estimated $117M added.
  • The largest iShares MSCI Germany ETF seller in Q1 2025 was Morgan Stanley, an estimated $25.8M sold.

Based on aggregated 13F filings for Q1 2025.