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iShares MSCI Brazil ETF
EWZ

234 hedge funds and large institutions have $2.36B invested in iShares MSCI Brazil ETF in 2024 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 57 increasing their positions, 87 reducing their positions, and 52 closing their positions.

New
Increased
Maintained
Reduced
Closed

12% more call options, than puts

Call options by funds: $2.97B | Put options by funds: $2.65B

4.68% less ownership

Funds ownership: 63.48% → 58.8% (-4.7%)

8% less funds holding

Funds holding: 254 → 234 (-20)

14% less capital invested

Capital invested by funds: $2.74B → $2.36B (-$377M)

14% less funds holding in top 10

Funds holding in top 10: 7 → 6 (-1)

34% less repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 87

37% less first-time investments, than exits

New positions opened: 33 | Existing positions closed: 52

Holders
234
Holders Change
-20
Holders Change %
-7.87%
% of All Funds
3.36%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.09%
New
33
Increased
57
Reduced
87
Closed
52
Calls
$2.97B
Puts
$2.65B
Net Calls
+$314M
Net Calls Change
+$574M

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$104M
2
PF
Phoenix Financial
Israel
+$86.8M
3
OMC
Old Mission Capital
Illinois
+$40.2M
4
ECM
ExodusPoint Capital Management
New York
+$40M
5
IUHSA
Itau Unibanco Holding S.A.
Brazil
+$29.7M

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$153M
2
Optiver Holding
Optiver Holding
Netherlands
-$122M
3
Morgan Stanley
Morgan Stanley
New York
-$121M
4
UBS Group
UBS Group
Switzerland
-$96.7M
5
BA
Bridgewater Associates
Connecticut
-$88.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
IMPI
26
Ilmarinen Mutual Pension Insurance
Finland
$22.5M – – –
BlackRock
27
BlackRock
New York
$22.3M -$24.3M -836,209 -52%
BA
28
Bridgewater Associates
Connecticut
$20.4M -$88.4M -3,042,033 -82%
AIMCA
29
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$20.4M +$20.1M +690,193 New
CCA
30
Catalyst Capital Advisors
New York
$18.4M -$1.21M -41,540 -6%
MRC
31
Millburn Ridgefield Corp
New York
$18.4M -$1.21M -41,540 -6%
VM
32
VPR Management
Texas
$17.7M – – –
Optiver Holding
33
Optiver Holding
Netherlands
$17.4M -$122M -4,208,043 -88%
Millennium Management
34
Millennium Management
New York
$15.3M +$15M +517,256 New
Man Group
35
Man Group
United Kingdom
$12.8M +$12.6M +432,826 +10,820,650%
Twin Tree Management
36
Twin Tree Management
Texas
$12.6M +$7.94M +273,314 +177%
Tudor Investment Corp
37
Tudor Investment Corp
Connecticut
$11.7M +$3.55M +122,217 +44%
Simplex Trading
38
Simplex Trading
Illinois
$11.5M -$20.2M -695,805 -64%
COLIM
39
City of London Investment Management
United Kingdom
$11.1M +$8.61M +296,187 +377%
GS
40
GTS Securities
New York
$11M +$3.5M +120,543 +48%
SSA
41
Schonfeld Strategic Advisors
New York
$10.4M -$10.5M -362,281 -51%
LPL Financial
42
LPL Financial
California
$10.1M -$3.23M -111,203 -25%
State of Wisconsin Investment Board
43
State of Wisconsin Investment Board
Wisconsin
$10.1M – – –
AIM
44
Avanda Investment Management
Singapore
$8.89M -$455K -15,650 -5%
ST
45
Spinnaker Trust
Maine
$8.43M +$302K +10,410 +4%
WH
46
Whitcomb & Hess
Ohio
$7.85M -$32.7K -1,124 -0.4%
PD
47
Point72 (DIFC)
United Arab Emirates
$7.29M +$7.19M +247,310 New
BPC
48
Banque Pictet & Cie
Switzerland
$7.21M – – –
Royal Bank of Canada
49
Royal Bank of Canada
Ontario, Canada
$7.13M -$635K -21,836 -8%
SO
50
STRS Ohio
Ohio
$7.08M – – –
1
2
3 4 5

EWZ Hedge Fund Activity: Q3 2024 in Review

234 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI Brazil ETF (EWZ) for Q3 2024, worth a combined $2.36B — down 14% from $2.74B a quarter earlier.

Sellers outnumbered buyers: 52 funds closed out of EWZ and 33 opened new positions — a net loss of 19 holders — while 87 trimmed existing stakes and 57 added.

The largest buyer was Goldman Sachs, adding an estimated $104M. The largest seller was Citadel Advisors, cutting an estimated $153M.

  • 234 institutional investors held iShares MSCI Brazil ETF (EWZ) as of Q3 2024, down from 254 in Q2 2024.
  • Funds reported $2.36B of iShares MSCI Brazil ETF stock for Q3 2024, down 14% quarter-over-quarter.
  • 33 funds opened new iShares MSCI Brazil ETF positions in Q3 2024 and 52 closed out, a net change of -19 holders.
  • The largest iShares MSCI Brazil ETF buyer in Q3 2024 was Goldman Sachs, an estimated $104M added.
  • The largest iShares MSCI Brazil ETF seller in Q3 2024 was Citadel Advisors, an estimated $153M sold.

Based on aggregated 13F filings for Q3 2024.