iShares MSCI Brazil ETF
334 hedge funds and large institutions have $3.87B invested in iShares MSCI Brazil ETF in 2025 Q4 according to their latest regulatory filings, with 72 funds opening new positions, 119 increasing their positions, 93 reducing their positions, and 43 closing their positions.
93% more call options, than puts
Call options by funds: $4.74B | Put options by funds: $2.46B
67% more first-time investments, than exits
New positions opened: 72 | Existing positions closed: 43
28% more repeat investments, than reductions
Existing positions increased: 119 | Existing positions reduced: 93
10% more capital invested
Capital invested by funds: $3.54B → $3.87B (+$339M)
7% more funds holding
Funds holding: 312 → 334 (+22)
3.27% less ownership
Funds ownership: 61.78% → 58.52% (-3.3%)
6% less funds holding in top 10
Funds holding in top 10: 18 → 17 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Optiver Holding
Amsterdam,
Netherlands
|
+$231M |
| 2 |
RCMU
Rokos Capital Management (UK)
London,
United Kingdom
|
+$185M |
| 3 |
DFO
Duquesne Family Office
New York
|
+$112M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$75.9M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$75.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$172M |
| 2 |
Goldman Sachs
New York
|
-$90.9M |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$85.1M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$64.8M |
| 5 |
Jane Street
New York
|
-$63.3M |
EWZ Hedge Fund Activity: Q4 2025 in Review
334 institutional investors reported a position in iShares MSCI Brazil ETF (EWZ) for Q4 2025, worth a combined $3.87B — up 9.6% from $3.54B a quarter earlier.
Buyers outnumbered sellers: 72 funds opened new EWZ positions and 43 closed out — a net gain of 29 holders — while 119 added to existing stakes and 93 trimmed.
The largest buyer was Optiver Holding, adding an estimated $231M. The largest seller was Morgan Stanley, cutting an estimated $172M.
- 334 institutional investors held iShares MSCI Brazil ETF (EWZ) as of Q4 2025, up from 312 in Q3 2025.
- Funds reported $3.87B of iShares MSCI Brazil ETF stock for Q4 2025, up 9.6% quarter-over-quarter.
- 72 funds opened new iShares MSCI Brazil ETF positions in Q4 2025 and 43 closed out, a net change of +29 holders.
- The largest iShares MSCI Brazil ETF buyer in Q4 2025 was Optiver Holding, an estimated $231M added.
- The largest iShares MSCI Brazil ETF seller in Q4 2025 was Morgan Stanley, an estimated $172M sold.
Based on aggregated 13F filings for Q4 2025.