iShares MSCI Brazil ETF
EWZ
269 hedge funds and large institutions have $2.07B invested in iShares MSCI Brazil ETF in 2025 Q1 according to their latest regulatory filings, with 80 funds opening new positions, 66 increasing their positions, 75 reducing their positions, and 44 closing their positions.
82% more first-time investments, than exits
New positions opened: 80 | Existing positions closed: 44
14% more funds holding
Funds holding: 235 → 269 (+34)
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
10% less capital invested
Capital invested by funds: $2.31B → $2.07B (-$238M)
12% less repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 75
12.09% less ownership
Funds ownership: 75.09% → 63.01% (-12%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Squarepoint
New York
|
+$53.8M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$48.6M |
| 3 |
BGDI
BW Gestao de Investimentos
Sao Paulo,
Brazil
|
+$43.3M |
| 4 |
QC
Quadrature Capital
London,
United Kingdom
|
+$27.7M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$22.8M |
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
269 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI Brazil ETF (EWZ) for Q1 2025, worth a combined $2.07B — down 10% from $2.31B a quarter earlier.
Buyers outnumbered sellers: 80 funds opened new EWZ positions and 44 closed out — a net gain of 36 holders — while 66 added to existing stakes and 75 trimmed.
The largest buyer was Squarepoint, adding an estimated $53.8M. The largest seller was Morgan Stanley, cutting an estimated $146M.
- 269 institutional investors held iShares MSCI Brazil ETF (EWZ) as of Q1 2025, up from 235 in Q4 2024.
- Funds reported $2.07B of iShares MSCI Brazil ETF stock for Q1 2025, down 10% quarter-over-quarter.
- 80 funds opened new iShares MSCI Brazil ETF positions in Q1 2025 and 44 closed out, a net change of +36 holders.
- The largest iShares MSCI Brazil ETF buyer in Q1 2025 was Squarepoint, an estimated $53.8M 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.