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iShares MSCI Japan ETF
EWJ

638 hedge funds and large institutions have $11.2B invested in iShares MSCI Japan ETF in 2025 Q3 according to their latest regulatory filings, with 82 funds opening new positions, 194 increasing their positions, 181 reducing their positions, and 51 closing their positions.

New
Increased
Maintained
Reduced
Closed

429% more call options, than puts

Call options by funds: $691M | Put options by funds: $131M

61% more first-time investments, than exits

New positions opened: 82 | Existing positions closed: 51

3% more funds holding

Funds holding: 618 → 638 (+20)

7% more repeat investments, than reductions

Existing positions increased: 194 | Existing positions reduced: 181

2% more capital invested

Capital invested by funds: $11B → $11.2B (+$213M)

0.04% more ownership

Funds ownership: 71.83% → 71.86% (+0.04%)

14% less funds holding in top 10

Funds holding in top 10: 21 → 18 (-3)

Holders
638
Holders Change
+20
Holders Change %
+3.24%
% of All Funds
8.37%
Holding in Top 10
18
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-14.29%
% of All Funds
0.24%
New
82
Increased
194
Reduced
181
Closed
51
Calls
$691M
Puts
$131M
Net Calls
+$560M
Net Calls Change
+$480M

Top Buyers

Rank Fund Capital Flow
1
HSBC Holdings
HSBC Holdings
United Kingdom
+$190M
2
Jane Street
Jane Street
New York
+$86.5M
3
Morgan Stanley
Morgan Stanley
New York
+$59.7M
4
Citadel Advisors
Citadel Advisors
Florida
+$54.4M
5
JP Morgan Chase
JP Morgan Chase
New York
+$51.2M

Top Sellers

Rank Fund Capital Flow
1
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$488M
2
TD Asset Management
TD Asset Management
Ontario, Canada
-$121M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$84.4M
4
FCAS
First Command Advisory Services
Texas
-$82.2M
5
BlackRock
BlackRock
New York
-$63.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
MWM
601
Mascoma Wealth Management
New Hampshire
$5.62K +$5.41K +70 New
RIA
602
Realta Investment Advisors
Delaware
$5.45K – – –
SGK
603
Steigerwald Gordon & Koch
Virginia
$5.05K +$4.87K +63 New
RP
604
Ravenswood Partners
Virginia
$4.81K +$4.64K +60 New
BWL
605
Bogart Wealth LLC
Virginia
$4.79K – – –
SAM
606
Smartleaf Asset Management
Massachusetts
$4.75K +$2.4K +31 +111%
TPCW
607
TD Private Client Wealth
New York
$4.65K – – –
PMFA
608
Plante Moran Financial Advisors
Michigan
$4.41K – – –
CFB
609
Cullen/Frost Bankers
Texas
$4.14K – – –
PG
610
Proffitt & Goodson
Tennessee
$4.09K – – –
PFM
611
Phillips Financial Management
Indiana
$4.01K – – –
SIC
612
SJS Investment Consulting
Ohio
$4.01K – – –
BAM
613
Bellevue Asset Management
Washington
$4.01K – – –
CCM
614
Cloud Capital Management
Washington
$4K +$4.1K +53 New
PPA
615
Painted Porch Advisors
California
$3.98K – – –
FWP
616
FAS Wealth Partners
Kansas
$3.94K – – –
JHCP
617
Jackson Hole Capital Partners
Oklahoma
$3.77K – – –
WWM
618
Wolff Wiese Magana
California
$3.77K +$2.09K +27 +135%
HIMS
619
Hager Investment Management Services
New Hampshire
$3.53K – – –
MAS
620
MPWM Advisory Solutions
Georgia
$3.21K – – –
CMP
621
Coston McIsaac & Partners
Maine
$3K – – –
NS
622
NBC Securities
Alabama
$2.97K – – –
PCA
623
Providence Capital Advisors
North Carolina
$2.89K – – –
OCM
624
Orion Capital Management
California
$2.89K +$2.78K +36 New
ADL
625
Asset Dedication LLC
California
$2.73K – – –
23 24
25
26 27

EWJ Hedge Fund Activity: Q3 2025 in Review

638 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI Japan ETF (EWJ) for Q3 2025, worth a combined $11.2B — up 1.9% from $11B a quarter earlier.

Buyers outnumbered sellers: 82 funds opened new EWJ positions and 51 closed out — a net gain of 31 holders — while 194 added to existing stakes and 181 trimmed.

The largest buyer was HSBC Holdings, adding an estimated $190M. The largest seller was Bank of Montreal, cutting an estimated $488M.

  • 638 institutional investors held iShares MSCI Japan ETF (EWJ) as of Q3 2025, up from 618 in Q2 2025.
  • Funds reported $11.2B of iShares MSCI Japan ETF stock for Q3 2025, up 1.9% quarter-over-quarter.
  • 82 funds opened new iShares MSCI Japan ETF positions in Q3 2025 and 51 closed out, a net change of +31 holders.
  • The largest iShares MSCI Japan ETF buyer in Q3 2025 was HSBC Holdings, an estimated $190M added.
  • The largest iShares MSCI Japan ETF seller in Q3 2025 was Bank of Montreal, an estimated $488M sold.

Based on aggregated 13F filings for Q3 2025.