iShares MSCI Japan ETF
720 hedge funds and large institutions have $11.3B invested in iShares MSCI Japan ETF in 2025 Q4 according to their latest regulatory filings, with 142 funds opening new positions, 257 increasing their positions, 176 reducing their positions, and 50 closing their positions.
184% more first-time investments, than exits
New positions opened: 142 | Existing positions closed: 50
174% more call options, than puts
Call options by funds: $481M | Put options by funds: $176M
46% more repeat investments, than reductions
Existing positions increased: 257 | Existing positions reduced: 176
28% more funds holding in top 10
Funds holding in top 10: 18 → 23 (+5)
13% more funds holding
Funds holding: 639 → 720 (+81)
1.56% more ownership
Funds ownership: 71.87% → 73.43% (+1.6%)
1% more capital invested
Capital invested by funds: $11.2B → $11.3B (+$112M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$150M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$126M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$91M |
| 4 |
QC
Quadrature Capital
London,
United Kingdom
|
+$76.7M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$31.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$412M |
| 2 |
HSBC Holdings
London,
United Kingdom
|
-$200M |
| 3 |
Jane Street
New York
|
-$91.9M |
| 4 |
Morgan Stanley
New York
|
-$53M |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$46M |
EWJ Hedge Fund Activity: Q4 2025 in Review
720 of the 8,230 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI Japan ETF (EWJ) for Q4 2025, worth a combined $11.3B — up 1% from $11.2B a quarter earlier.
Buyers outnumbered sellers: 142 funds opened new EWJ positions and 50 closed out — a net gain of 92 holders — while 257 added to existing stakes and 176 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $150M. The largest seller was BlackRock, cutting an estimated $412M.
- 720 institutional investors held iShares MSCI Japan ETF (EWJ) as of Q4 2025, up from 639 in Q3 2025.
- Funds reported $11.3B of iShares MSCI Japan ETF stock for Q4 2025, up 1% quarter-over-quarter.
- 142 funds opened new iShares MSCI Japan ETF positions in Q4 2025 and 50 closed out, a net change of +92 holders.
- The largest iShares MSCI Japan ETF buyer in Q4 2025 was Royal Bank of Canada, an estimated $150M added.
- The largest iShares MSCI Japan ETF seller in Q4 2025 was BlackRock, an estimated $412M sold.
Based on aggregated 13F filings for Q4 2025.