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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
TSMHT
676
Thurston Springer Miller Herd & Titak
Indiana
– -$16.9K -225 Closed
NCM
677
Northwest Capital Management
Oregon
– -$14.1K -189 Closed
RI
678
Ridgewood Investments
New Jersey
– -$11.6K -155 Closed
GM
679
GeoWealth Management
Illinois
– -$9.82K -131 Closed
TFGT
680
TS Financial Group (TSFG)
Illinois
– -$8K -104 Closed
NB
681
NBT Bank
New York
– -$7.5K -100 Closed
BCMLT
682
Beacon Capital Management LLC (Tennessee)
Tennessee
– -$7.37K -98 Closed
TCA
683
Trifecta Capital Advisors
Illinois
– -$7.27K -97 Closed
MYIA
684
Mount Yale Investment Advisors
Colorado
– -$4.18K -56 Closed
NWM
685
Navigoe Wealth Management
California
– -$2K -31 Closed
TAM
686
Tucker Asset Management
Colorado
– -$1.2K -16 Closed
GWANC
687
Guardian Wealth Advisors (North Carolina)
North Carolina
– -$600 -8 Closed
BCM
688
Blume Capital Management
California
– -$450 -6 Closed
SWIG
689
Strategic Wealth Investment Group
Kentucky
– -$225 -3 Closed
FFA
690
Frazier Financial Advisors
Ohio
– -$76 -1 Closed
24 25 26 27
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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.