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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
67
Holders Change
+5
Holders Change %
+8.06%
% of All Funds
0.88%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
14
Increased
12
Reduced
26
Closed
9
Calls
$220K
Puts
$3.57M
Net Calls
-$3.35M
Net Calls Change
-$1.29M

Top Buyers

Rank Fund Capital Flow
1
TCM
Tradewinds Capital Management
Washington
+$27.3M
2
BlackRock
BlackRock
New York
+$5.67M
3
Ameriprise
Ameriprise
Minnesota
+$4.8M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$2.37M
5
DS
DRW Securities
Illinois
+$1.89M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$15.1M
2
PL
Polianta Ltd
Jersey
-$7.37M
3
JP Morgan Chase
JP Morgan Chase
New York
-$5.4M
4
GCM
Graham Capital Management
Connecticut
-$2.02M
5
UBS Group
UBS Group
Switzerland
-$1.11M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of Montreal
51
Bank of Montreal
Ontario, Canada
$53.8K +$50.2K +1,000 New
VCM
52
Viewpoint Capital Management
Washington
$29K – – –
GRP
53
Global Retirement Partners
California
$25K +$23.4K +466 New
FDCDDQ
54
Federation des caisses Desjardins du Quebec
Quebec, Canada
$24.2K – – –
AWM
55
AE Wealth Management
Kansas
$12.5K +$10.2K +204 +703%
Comerica Bank
56
Comerica Bank
Texas
$9.57K +$3.91K +78 +78%
BIM
57
Breakwater Investment Management
Washington
$3.87K – – –
SC
58
Stephens Consulting
Michigan
$1.67K – – –
WAS
59
Winch Advisory Services
Wisconsin
$1.5K – – –
TRCT
60
Tower Research Capital (TRC)
New York
$1.24K -$6.77K -135 -85%
SPIA
61
Steward Partners Investment Advisory
New York
$1.07K +$1K +20 New
Carson Wealth (CWM LLC)
62
Carson Wealth (CWM LLC)
Nebraska
$1K – – –
US Bancorp
63
US Bancorp
Minnesota
$806 – – –
PS
64
Principal Securities
Iowa
$54 -$602 -12 -92%
HNB
65
Huntington National Bank
Ohio
$54 – – –
OSAM
66
O'Shaughnessy Asset Management
Connecticut
$54 – – –
CA
67
CoreCap Advisors
Michigan
$4 – – –
PL
68
Polianta Ltd
Jersey
– -$7.37M -153,100 Closed
GCM
69
Graham Capital Management
Connecticut
– -$2.02M -42,026 Closed
CAM
70
Cresset Asset Management
Illinois
– -$494K -10,259 Closed
Millennium Management
71
Millennium Management
New York
– -$479K -9,942 Closed
DIM
72
DC Investments Management
Virginia
– -$467K -9,697 Closed
Marshall Wace
73
Marshall Wace
United Kingdom
– -$334K -6,939 Closed
Mirae Asset Global Investments
74
Mirae Asset Global Investments
South Korea
– -$328K -6,900 Closed
Citadel Advisors
75
Citadel Advisors
Florida
– -$177K -3,525 Closed
1 2
3
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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.