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iShares MSCI Brazil ETF
EWZ

412 hedge funds and large institutions have $5.5B invested in iShares MSCI Brazil ETF in 2026 Q1 according to their latest regulatory filings, with 134 funds opening new positions, 137 increasing their positions, 96 reducing their positions, and 47 closing their positions.

New
Increased
Maintained
Reduced
Closed

185% more first-time investments, than exits

New positions opened: 134 | Existing positions closed: 47

138% more call options, than puts

Call options by funds: $6.88B | Put options by funds: $2.9B

63% more funds holding in top 10

Funds holding in top 10: 16 → 26 (+10)

43% more repeat investments, than reductions

Existing positions increased: 137 | Existing positions reduced: 96

42% more capital invested

Capital invested by funds: $3.87B → $5.5B (+$1.62B)

24% more funds holding

Funds holding: 332 → 412 (+80)

2.21% less ownership

Funds ownership: 58.49% → 56.27% (-2.2%)

Holders
412
Holders Change
+80
Holders Change %
+24.1%
% of All Funds
5.07%
Holding in Top 10
26
Holding in Top 10 Change
+10
Holding in Top 10 Change %
+62.5%
% of All Funds
0.32%
New
134
Increased
137
Reduced
96
Closed
47
Calls
$6.88B
Puts
$2.9B
Net Calls
+$3.98B
Net Calls Change
+$1.7B

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$396M
2
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$199M
3
Allspring Global Investments
Allspring Global Investments
North Carolina
+$113M
4
BHCM
Brevan Howard Capital Management
Jersey
+$112M
5
Bessemer Group
Bessemer Group
New Jersey
+$104M

Top Sellers

Rank Fund Capital Flow
1
Optiver Holding
Optiver Holding
Netherlands
-$246M
2
RCMU
Rokos Capital Management (UK)
United Kingdom
-$231M
3
Citadel Advisors
Citadel Advisors
Florida
-$84.7M
4
UBS Group
UBS Group
Switzerland
-$82.5M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$74.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
GVAG
126
Great Valley Advisor Group
Delaware
$3.24M +$1.32M +36,048 +75%
WA
127
Whitebox Advisors
Minnesota
$3.22M +$2.29M +62,768 +299%
M
128
MATAURO
New York
$3.16M +$80.8K +2,210 +3%
PMAM
129
Picton Mahoney Asset Management
Ontario, Canada
$3.13M +$116K +3,170 +4%
MMRF
130
Michelson Medical Research Foundation
California
$3.12M – – –
Osaic Holdings
131
Osaic Holdings
Arizona
$3.07M +$263K +7,183 +10%
EF
132
Empowered Funds
Pennsylvania
$3.07M +$2.92M +79,842 New
HCS
133
Himension Capital (Singapore)
Singapore
$3.01M +$2.87M +78,511 New
A
134
Allianz
Germany
$2.66M +$184K +5,020 +8%
PAG
135
Private Advisor Group
New Jersey
$2.47M -$342K -9,356 -13%
Mirae Asset Global Investments
136
Mirae Asset Global Investments
South Korea
$2.45M +$282K +7,700 +14%
PCGDR
137
Pangea Capital Gestao de Recursos
$2.38M +$2.27M +62,000 New
Sumitomo Mitsui Trust Group
138
Sumitomo Mitsui Trust Group
Japan
$2.36M +$446K +12,200 +25%
DADC
139
D.A. Davidson & Co
Montana
$2.35M +$2.24M +61,188 New
CG
140
Caprock Group
Idaho
$2.33M +$5.37K +147 +0.2%
UBS AM
141
UBS AM
Illinois
$2.32M +$1.77M +48,357 +397%
PCM
142
Prelude Capital Management
New York
$2.23M -$66.7K -1,824 -3%
PWAC
143
Private Wealth Advisors (California)
California
$2.22M +$2.11M +57,817 New
CCS
144
Concentric Capital Strategies
Connecticut
$2.2M +$2.1M +57,352 New
SA
145
Sanctuary Advisors
Indiana
$2.17M +$809K +22,138 +64%
Capstone Investment Advisors
146
Capstone Investment Advisors
New York
$2.16M +$1.71M +46,869 +500%
PCH
147
PGIM Custom Harvest
New Jersey
$2.16M +$81.5K +2,228 +4%
LSA
148
Lansing Street Advisors
Pennsylvania
$2.15M +$439K +12,011 +27%
GP
149
Guardian Partners
Canada
$2.11M +$914K +25,000 +83%
AIG
150
Abbington Investment Group
Connecticut
$2.09M -$37.7K -1,031 -2%
4 5
6
7 8

EWZ Hedge Fund Activity: Q1 2026 in Review

412 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI Brazil ETF (EWZ) for Q1 2026, worth a combined $5.5B — up 42% from $3.87B a quarter earlier.

Buyers outnumbered sellers: 134 funds opened new EWZ positions and 47 closed out — a net gain of 87 holders — while 137 added to existing stakes and 96 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $396M. The largest seller was Optiver Holding, exiting entirely with an estimated $246M sold.

  • 412 institutional investors held iShares MSCI Brazil ETF (EWZ) as of Q1 2026, up from 332 in Q4 2025.
  • Funds reported $5.5B of iShares MSCI Brazil ETF stock for Q1 2026, up 42% quarter-over-quarter.
  • 134 funds opened new iShares MSCI Brazil ETF positions in Q1 2026 and 47 closed out, a net change of +87 holders.
  • The largest iShares MSCI Brazil ETF buyer in Q1 2026 was Morgan Stanley, an estimated $396M added.
  • The largest iShares MSCI Brazil ETF seller in Q1 2026 was Optiver Holding, an estimated $246M sold.

Based on aggregated 13F filings for Q1 2026.