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iShares MSCI Brazil Small-Cap ETF
EWZS

44 hedge funds and large institutions have $40.4M invested in iShares MSCI Brazil Small-Cap ETF in 2025 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 6 increasing their positions, 7 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

700% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 3

91% more funds holding

Funds holding: 23 → 44 (+21)

41% more capital invested

Capital invested by funds: $28.6M → $40.4M (+$11.8M)

1.83% less ownership

Funds ownership: 22.68% → 20.85% (-1.8%)

14% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 7

Holders
44
Holders Change
+21
Holders Change %
+91.3%
% of All Funds
0.58%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
24
Increased
6
Reduced
7
Closed
3
Calls
$1.09M
Puts
–
Net Calls
+$1.09M
Net Calls Change
+$1.09M

Top Buyers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
+$5.55M
2
BSG
Black Swift Group
Colorado
+$3.86M
3
LPL Financial
LPL Financial
California
+$3.14M
4
Goldman Sachs
Goldman Sachs
New York
+$1.81M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$1.29M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$11.7M
2
Jane Street
Jane Street
New York
-$2.55M
3
FTUS
Flow Traders U.S.
New York
-$1.13M
4
UBS Group
UBS Group
Switzerland
-$416K
5
Bank of America
Bank of America
North Carolina
-$286K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$8.79M -$11.7M -966,528 -59%
Citadel Advisors
2
Citadel Advisors
Florida
$6.09M +$5.55M +459,044 New
BSG
3
Black Swift Group
Colorado
$4.23M +$3.86M +319,030 New
LPL Financial
4
LPL Financial
California
$3.44M +$3.14M +259,267 New
Goldman Sachs
5
Goldman Sachs
New York
$1.99M +$1.81M +150,000 New
RFWA
6
RPg Family Wealth Advisory
Massachusetts
$1.93M +$58.6K +4,841 +3%
Royal Bank of Canada
7
Royal Bank of Canada
Ontario, Canada
$1.86M +$1.09M +89,938 +179%
D.E. Shaw & Co
8
D.E. Shaw & Co
New York
$1.42M +$1.29M +106,818 New
PWA
9
Primoris Wealth Advisors
Florida
$1.4M +$1.28M +105,700 New
Stifel Financial
10
Stifel Financial
Missouri
$1.33M +$34.2K +2,831 +3%
ITIM
11
Indiana Trust & Investment Management
Indiana
$829K – – –
PWM
12
Perigon Wealth Management
California
$813K +$742K +61,335 New
Bank of Nova Scotia
13
Bank of Nova Scotia
Ontario, Canada
$773K +$54.4K +4,500 +8%
Ameriprise
14
Ameriprise
Minnesota
$719K +$656K +54,240 New
MLM
15
Mount Lucas Management
Pennsylvania
$670K +$6.05K +500 +1%
Focus Partners Wealth
16
Focus Partners Wealth
Massachusetts
$576K +$526K +43,456 New
PCM
17
Prelude Capital Management
New York
$530K – – –
UBS Group
18
UBS Group
Switzerland
$502K -$416K -34,374 -48%
Jane Street
19
Jane Street
New York
$298K -$2.55M -210,989 -90%
Bank of Montreal
20
Bank of Montreal
Ontario, Canada
$248K +$226K +18,699 New
Brown Advisory
21
Brown Advisory
Maryland
$241K – – –
GAM
22
Griffin Asset Management
New York
$222K +$202K +16,730 New
Susquehanna International Group
23
Susquehanna International Group
Pennsylvania
$208K -$37.1K -3,070 -16%
Bank of America
24
Bank of America
North Carolina
$191K -$286K -23,606 -62%
CHAM
25
Clear Harbor Asset Management
Connecticut
$186K -$12.7K -1,053 -7%
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EWZS Hedge Fund Activity: Q2 2025 in Review

44 of the 7,598 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI Brazil Small-Cap ETF (EWZS) for Q2 2025, worth a combined $40.4M — up 41% from $28.6M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new EWZS positions and 3 closed out — a net gain of 21 holders — while 6 added to existing stakes and 7 trimmed.

The largest buyer was Citadel Advisors, opening a new position worth an estimated $5.55M. The largest seller was Morgan Stanley, cutting an estimated $11.7M.

  • 44 institutional investors held iShares MSCI Brazil Small-Cap ETF (EWZS) as of Q2 2025, up from 23 in Q1 2025.
  • Funds reported $40.4M of iShares MSCI Brazil Small-Cap ETF stock for Q2 2025, up 41% quarter-over-quarter.
  • 24 funds opened new iShares MSCI Brazil Small-Cap ETF positions in Q2 2025 and 3 closed out, a net change of +21 holders.
  • The largest iShares MSCI Brazil Small-Cap ETF buyer in Q2 2025 was Citadel Advisors, an estimated $5.55M added.
  • The largest iShares MSCI Brazil Small-Cap ETF seller in Q2 2025 was Morgan Stanley, an estimated $11.7M sold.

Based on aggregated 13F filings for Q2 2025.