iShares MSCI South Africa ETF
EZA
67 hedge funds and large institutions have $318M invested in iShares MSCI South Africa ETF in 2025 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 12 increasing their positions, 26 reducing their positions, and 9 closing their positions.
56% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 9
16% more capital invested
Capital invested by funds: $275M → $318M (+$43.1M)
8% more funds holding
Funds holding: 62 → 67 (+5)
0.66% more ownership
Funds ownership: 76.29% → 76.95% (+0.66%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
54% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 26
94% less call options, than puts
Call options by funds: $220K | Put options by funds: $3.57M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Tradewinds Capital Management
Bellingham,
Washington
|
+$27.3M |
| 2 |
BlackRock
New York
|
+$5.67M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$4.8M |
| 4 |
D.E. Shaw & Co
New York
|
+$2.37M |
| 5 |
DS
DRW Securities
Chicago,
Illinois
|
+$1.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$15.1M |
| 2 |
PL
Polianta Ltd
St Helier,
Jersey
|
-$7.37M |
| 3 |
JP Morgan Chase
New York
|
-$5.4M |
| 4 |
GCM
Graham Capital Management
Rowayton,
Connecticut
|
-$2.02M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1.11M |
EZA Hedge Fund Activity: Q2 2025 in Review
67 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI South Africa ETF (EZA) for Q2 2025, worth a combined $318M — up 16% from $275M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new EZA positions and 9 closed out — a net gain of 5 holders — while 12 added to existing stakes and 26 trimmed.
The largest buyer was Tradewinds Capital Management, opening a new position worth an estimated $27.3M. The largest seller was Morgan Stanley, cutting an estimated $15.1M.
- 67 institutional investors held iShares MSCI South Africa ETF (EZA) as of Q2 2025, up from 62 in Q1 2025.
- Funds reported $318M of iShares MSCI South Africa ETF stock for Q2 2025, up 16% quarter-over-quarter.
- 14 funds opened new iShares MSCI South Africa ETF positions in Q2 2025 and 9 closed out, a net change of +5 holders.
- The largest iShares MSCI South Africa ETF buyer in Q2 2025 was Tradewinds Capital Management, an estimated $27.3M added.
- The largest iShares MSCI South Africa ETF seller in Q2 2025 was Morgan Stanley, an estimated $15.1M sold.
Based on aggregated 13F filings for Q2 2025.