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iShares MSCI South Africa ETF
EZA

62 hedge funds and large institutions have $275M invested in iShares MSCI South Africa ETF in 2025 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 19 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 19

3% more capital invested

Capital invested by funds: $269M → $275M (+$6.8M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

8.03% less ownership

Funds ownership: 84.33% → 76.29% (-8%)

13% less funds holding

Funds holding: 71 → 62 (-9)

50% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 14

76% less call options, than puts

Call options by funds: $640K | Put options by funds: $2.7M

Holders
62
Holders Change
-9
Holders Change %
-12.68%
% of All Funds
0.83%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
7
Increased
20
Reduced
19
Closed
14
Calls
$640K
Puts
$2.7M
Net Calls
-$2.06M
Net Calls Change
-$879K

Top Buyers

Rank Fund Capital Flow
1
CIBC World Market
CIBC World Market
Ontario, Canada
+$4.32M
2
Morgan Stanley
Morgan Stanley
New York
+$4.15M
3
GCM
Graham Capital Management
Connecticut
+$1.9M
4
PWAC
Private Wealth Advisors (California)
California
+$1.62M
5
CCA
Catalyst Capital Advisors
New York
+$889K

Top Sellers

Rank Fund Capital Flow
1
TCM
Tradewinds Capital Management
Washington
-$17.2M
2
JP Morgan Chase
JP Morgan Chase
New York
-$5.2M
3
MWM
Moran Wealth Management
Florida
-$3.91M
4
Citadel Advisors
Citadel Advisors
Florida
-$3.74M
5
BL
BCWM LLC
Kansas
-$2.82M
Name Holding Trade Value Shares
Change 		Change in
Stake
SC
26
Scotia Capital
Ontario, Canada
$587K +$292K +6,474 +113%
SG Americas Securities
27
SG Americas Securities
New York
$576K +$62.2K +1,378 +13%
GCM
28
Gallacher Capital Management
Colorado
$574K +$62.5K +1,384 +13%
CAM
29
Cresset Asset Management
Illinois
$494K +$72.2K +1,600 +18%
IC
30
Innealta Capital
Texas
$485K -$598K -13,240 -57%
SS
31
SBI Securities
Japan
$482K +$18.9K +419 +4%
Millennium Management
32
Millennium Management
New York
$479K -$965K -21,372 -68%
DIM
33
DC Investments Management
Virginia
$467K – – –
Goldman Sachs
34
Goldman Sachs
New York
$393K -$2.44M -53,937 -87%
Royal Bank of Canada
35
Royal Bank of Canada
Ontario, Canada
$335K +$260K +5,758 +474%
Marshall Wace
36
Marshall Wace
United Kingdom
$334K +$313K +6,939 New
Mirae Asset Global Investments
37
Mirae Asset Global Investments
South Korea
$328K +$45.2K +1,000 +17%
Sumitomo Mitsui Trust Group
38
Sumitomo Mitsui Trust Group
Japan
$265K +$27.1K +600 +12%
GAM
39
Gould Asset Management
California
$243K – – –
BlackRock
40
BlackRock
New York
$173K +$78.4K +1,737 +94%
Citadel Advisors
41
Citadel Advisors
Florida
$170K -$3.74M -82,725 -96%
BCV
42
Banque Cantonale Vaudoise
Switzerland
$163K +$153K +3,387 New
Osaic Holdings
43
Osaic Holdings
Arizona
$120K -$89.9K -1,991 -44%
Qube Research & Technologies (QRT)
44
Qube Research & Technologies (QRT)
United Kingdom
$106K -$814K -18,017 -89%
Fidelity Investments
45
Fidelity Investments
Massachusetts
$88.7K +$1.04K +23 +1%
Wells Fargo
46
Wells Fargo
California
$37.9K -$18.3K -406 -34%
VCM
47
Viewpoint Capital Management
Washington
$26K – – –
FDCDDQ
48
Federation des caisses Desjardins du Quebec
Quebec, Canada
$21.7K -$6.77K -150 -25%
TRCT
49
Tower Research Capital (TRC)
New York
$7.58K -$24.8K -550 -78%
Comerica Bank
50
Comerica Bank
Texas
$4.81K -$4.33K -96 -49%
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EZA Hedge Fund Activity: Q1 2025 in Review

62 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI South Africa ETF (EZA) for Q1 2025, worth a combined $275M — up 2.5% from $269M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of EZA and 7 opened new positions — a net loss of 7 holders — while 19 trimmed existing stakes and 20 added.

The largest buyer was CIBC World Market, opening a new position worth an estimated $4.32M. The largest seller was Tradewinds Capital Management, exiting entirely with an estimated $17.2M sold.

  • 62 institutional investors held iShares MSCI South Africa ETF (EZA) as of Q1 2025, down from 71 in Q4 2024.
  • Funds reported $275M of iShares MSCI South Africa ETF stock for Q1 2025, up 2.5% quarter-over-quarter.
  • 7 funds opened new iShares MSCI South Africa ETF positions in Q1 2025 and 14 closed out, a net change of -7 holders.
  • The largest iShares MSCI South Africa ETF buyer in Q1 2025 was CIBC World Market, an estimated $4.32M added.
  • The largest iShares MSCI South Africa ETF seller in Q1 2025 was Tradewinds Capital Management, an estimated $17.2M sold.

Based on aggregated 13F filings for Q1 2025.