iShares MSCI Brazil ETF
323 hedge funds and large institutions have $3.47B invested in iShares MSCI Brazil ETF in 2025 Q2 according to their latest regulatory filings, with 97 funds opening new positions, 115 increasing their positions, 73 reducing their positions, and 39 closing their positions.
149% more first-time investments, than exits
New positions opened: 97 | Existing positions closed: 39
118% more call options, than puts
Call options by funds: $2.79B | Put options by funds: $1.28B
58% more repeat investments, than reductions
Existing positions increased: 115 | Existing positions reduced: 73
51% more capital invested
Capital invested by funds: $2.3B → $3.47B (+$1.17B)
23% more funds holding in top 10
Funds holding in top 10: 13 → 16 (+3)
21% more funds holding
Funds holding: 268 → 323 (+55)
1.54% more ownership
Funds ownership: 67.61% → 69.16% (+1.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$207M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$186M |
| 3 |
PF
Phoenix Financial
Givatayim,
Israel
|
+$131M |
| 4 |
T2I
Turim 21 Investimentos
Rio De Janeiro,
Brazil
|
+$108M |
| 5 |
GL
Gemsstock Ltd
London,
United Kingdom
|
+$91.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NVCHI
New Vernon Capital Holdings II
Morristown,
New Jersey
|
-$159M |
| 2 |
BGDI
BW Gestao de Investimentos
Sao Paulo,
Brazil
|
-$67.5M |
| 3 |
Squarepoint
New York
|
-$57.1M |
| 4 |
QC
Quadrature Capital
London,
United Kingdom
|
-$28.7M |
| 5 |
HI
HBK Investments
Dallas,
Texas
|
-$20.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ITB
351
Idaho Trust Bank
Boise,
Idaho
| – | -$245K | -9,481 | Closed |
|
352
Baird Financial Group
Milwaukee,
Wisconsin
| – | -$240K | -9,286 | Closed |
|
|
APSPRSPT
353
Arizona Public Safety Personnel Retirement System (PSPRS) Trust
Phoenix,
Arizona
| – | -$223K | -8,615 | Closed |
|
|
VSQM
354
V-Square Quantitative Management
Chicago,
Illinois
| – | -$172K | -6,640 | Closed |
|
|
HCP
355
Hexagon Capital Partners
Rogers,
Arkansas
| – | -$10.9K | -421 | Closed |
|
|
FAM
356
Flaharty Asset Management
Clearwater,
Florida
| – | -$6.08K | -235 | Closed |
|
|
NP
357
NorthRock Partners
Minneapolis,
Minnesota
| – | -$5.6K | -217 | Closed |
|
|
BCM
358
Berbice Capital Management
Melville,
New York
| – | -$5.17K | -200 | Closed |
|
|
GJIA
359
Glass Jacobson Investment Advisors
Owings Mills,
Maryland
| – | -$1.1K | -49 | Closed |
|
|
CA
360
Continuum Advisory
Eagle,
Idaho
| – | -$543 | -21 | Closed |
|
|
GCS
361
Gordian Capital (Singapore)
Singapore
| – | -$543 | -21 | Closed |
|
|
ACA
362
Atlas Capital Advisors
Jackson,
Wyoming
| – | -$439 | -17 | Closed |
|
EWZ Hedge Fund Activity: Q2 2025 in Review
323 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI Brazil ETF (EWZ) for Q2 2025, worth a combined $3.47B — up 51% from $2.3B a quarter earlier.
Buyers outnumbered sellers: 97 funds opened new EWZ positions and 39 closed out — a net gain of 58 holders — while 115 added to existing stakes and 73 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $207M. The largest seller was New Vernon Capital Holdings II, cutting an estimated $159M.
- 323 institutional investors held iShares MSCI Brazil ETF (EWZ) as of Q2 2025, up from 268 in Q1 2025.
- Funds reported $3.47B of iShares MSCI Brazil ETF stock for Q2 2025, up 51% quarter-over-quarter.
- 97 funds opened new iShares MSCI Brazil ETF positions in Q2 2025 and 39 closed out, a net change of +58 holders.
- The largest iShares MSCI Brazil ETF buyer in Q2 2025 was Morgan Stanley, an estimated $207M added.
- The largest iShares MSCI Brazil ETF seller in Q2 2025 was New Vernon Capital Holdings II, an estimated $159M sold.
Based on aggregated 13F filings for Q2 2025.