iShares MSCI Brazil ETF
325 hedge funds and large institutions have $3.48B invested in iShares MSCI Brazil ETF in 2025 Q2 according to their latest regulatory filings, with 97 funds opening new positions, 116 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
68% more capital invested
Capital invested by funds: $2.07B → $3.48B (+$1.4B)
59% more repeat investments, than reductions
Existing positions increased: 116 | Existing positions reduced: 73
31% more funds holding in top 10
Funds holding in top 10: 13 → 17 (+4)
21% more funds holding
Funds holding: 269 → 325 (+56)
6.23% more ownership
Funds ownership: 63.01% → 69.24% (+6.2%)
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 |
BGDI
BW Gestao de Investimentos
Sao Paulo,
Brazil
|
-$67.5M |
| 2 |
Squarepoint
New York
|
-$57.1M |
| 3 |
QC
Quadrature Capital
London,
United Kingdom
|
-$28.7M |
| 4 |
HI
HBK Investments
Dallas,
Texas
|
-$20.2M |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$19.1M |
EWZ Hedge Fund Activity: Q2 2025 in Review
325 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI Brazil ETF (EWZ) for Q2 2025, worth a combined $3.48B — up 68% from $2.07B a quarter earlier.
Buyers outnumbered sellers: 97 funds opened new EWZ positions and 39 closed out — a net gain of 58 holders — while 116 added to existing stakes and 73 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $207M. The largest seller was BW Gestao de Investimentos, exiting entirely with an estimated $67.5M sold.
- 325 institutional investors held iShares MSCI Brazil ETF (EWZ) as of Q2 2025, up from 269 in Q1 2025.
- Funds reported $3.48B of iShares MSCI Brazil ETF stock for Q2 2025, up 68% 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 BW Gestao de Investimentos, an estimated $67.5M sold.
Based on aggregated 13F filings for Q2 2025.