iShares MSCI Brazil ETF
268 hedge funds and large institutions have $2.3B invested in iShares MSCI Brazil ETF in 2025 Q1 according to their latest regulatory filings, with 79 funds opening new positions, 67 increasing their positions, 74 reducing their positions, and 44 closing their positions.
80% more first-time investments, than exits
New positions opened: 79 | Existing positions closed: 44
14% more funds holding
Funds holding: 235 → 268 (+33)
8% more funds holding in top 10
Funds holding in top 10: 12 → 13 (+1)
3% more call options, than puts
Call options by funds: $2.07B | Put options by funds: $2B
0% less capital invested
Capital invested by funds: $2.31B → $2.3B (-$6.31M)
9% less repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 74
9.05% less ownership
Funds ownership: 76.67% → 67.61% (-9.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NVCHI
New Vernon Capital Holdings II
Morristown,
New Jersey
|
+$151M |
| 2 |
Squarepoint
New York
|
+$53.8M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$48.6M |
| 4 |
BGDI
BW Gestao de Investimentos
Sao Paulo,
Brazil
|
+$43.3M |
| 5 |
QC
Quadrature Capital
London,
United Kingdom
|
+$27.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$146M |
| 2 |
PPFA
Provida Pension Fund Administrator
Las Condes, Santiago,
Chile
|
-$120M |
| 3 |
JP Morgan Chase
New York
|
-$98.7M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$96.6M |
| 5 |
Optiver Holding
Amsterdam,
Netherlands
|
-$92.2M |
EWZ Hedge Fund Activity: Q1 2025 in Review
268 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI Brazil ETF (EWZ) for Q1 2025, worth a combined $2.3B — down 0.27% from $2.31B a quarter earlier.
Buyers outnumbered sellers: 79 funds opened new EWZ positions and 44 closed out — a net gain of 35 holders — while 67 added to existing stakes and 74 trimmed.
The largest buyer was New Vernon Capital Holdings II, opening a new position worth an estimated $151M. The largest seller was Morgan Stanley, cutting an estimated $146M.
- 268 institutional investors held iShares MSCI Brazil ETF (EWZ) as of Q1 2025, up from 235 in Q4 2024.
- Funds reported $2.3B of iShares MSCI Brazil ETF stock for Q1 2025, down 0.27% quarter-over-quarter.
- 79 funds opened new iShares MSCI Brazil ETF positions in Q1 2025 and 44 closed out, a net change of +35 holders.
- The largest iShares MSCI Brazil ETF buyer in Q1 2025 was New Vernon Capital Holdings II, an estimated $151M added.
- The largest iShares MSCI Brazil ETF seller in Q1 2025 was Morgan Stanley, an estimated $146M sold.
Based on aggregated 13F filings for Q1 2025.