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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
KPWS
126
Kestra Private Wealth Services
Texas
$473K +$455K +12,743 New
Comerica Bank
127
Comerica Bank
Texas
$461K +$212K +5,941 +92%
JSC
128
Jackson Square Capital
California
$441K +$425K +11,906 New
TFCP
129
Twin Focus Capital Partners
Massachusetts
$396K +$381K +10,672 New
BCM
130
Barometer Capital Management
Ontario, Canada
$378K +$364K +10,200 New
MWP
131
Moller Wealth Partners
$363K +$350K +9,800 New
AG
132
AlTi Global
New York
$355K +$342K +9,584 New
MIA
133
MMBG Investment Advisors
Florida
$341K -$893K -25,000 -73%
BAM
134
Belpointe Asset Management
Nevada
$333K +$321K +8,988 New
TIA
135
Tiemann Investment Advisors
California
$325K – – –
PNAA
136
Pictet North America Advisors
Switzerland
$311K – – –
RSWM
137
Robertson Stephens Wealth Management
California
$309K +$298K +8,342 New
EMCIP
138
Ewing Morris & Co Investment Partners
Ontario, Canada
$303K +$203K +5,670 New
BCM
139
Brookstone Capital Management
Illinois
$302K +$291K +8,147 New
TNAM
140
Terra Nova Asset Management
New York
$295K +$284K +7,958 New
Focus Partners Wealth
141
Focus Partners Wealth
Massachusetts
$288K +$278K +7,768 New
MIC
142
Meridian Investment Counsel
California
$287K -$107K -3,000 -28%
HNWA
143
Henrickson Nauta Wealth Advisors
Michigan
$281K – – –
Cerity Partners
144
Cerity Partners
New York
$275K +$265K +7,411 New
HCM
145
Hilton Capital Management
New York
$272K +$262K +7,340 New
EPIME
146
Evelyn Partners Investment Management (Europe)
$272K +$262K +7,338 New
NA
147
Nautilus Advisors
California
$271K – – –
TI
148
Trexquant Investment
Connecticut
$268K +$259K +7,237 New
NCM
149
Next Capital Management
New York
$266K +$256K +7,175 New
BCM
150
Boltwood Capital Management
California
$265K +$25K +700 +11%
4 5
6
7 8

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.