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iShares MSCI South Africa ETF
EZA

74 hedge funds and large institutions have $377M invested in iShares MSCI South Africa ETF in 2025 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 21 increasing their positions, 20 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 7

18% more capital invested

Capital invested by funds: $318M → $377M (+$58.3M)

10% more funds holding

Funds holding: 67 → 74 (+7)

2.48% more ownership

Funds ownership: 76.95% → 79.43% (+2.5%)

5% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 20

90% less call options, than puts

Call options by funds: $256K | Put options by funds: $2.65M

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
74
Holders Change
+7
Holders Change %
+10.45%
% of All Funds
0.97%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
14
Increased
21
Reduced
20
Closed
7
Calls
$256K
Puts
$2.65M
Net Calls
-$2.39M
Net Calls Change
+$955K

Top Buyers

Rank Fund Capital Flow
1
DZ Bank
DZ Bank
Germany
+$9.54M
2
JP Morgan Chase
JP Morgan Chase
New York
+$8.43M
3
GCM
Graham Capital Management
Connecticut
+$7.99M
4
BlackRock
BlackRock
New York
+$4.91M
5
SG Americas Securities
SG Americas Securities
New York
+$1.24M

Top Sellers

Rank Fund Capital Flow
1
TCM
Tradewinds Capital Management
Washington
-$31.2M
2
UBS Group
UBS Group
Switzerland
-$2.04M
3
DS
DRW Securities
Illinois
-$2.02M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$1.57M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.02M
Name Holding Trade Value Shares
Change 		Change in
Stake
BCM
51
Boltwood Capital Management
California
$231K +$206K +3,600 New
BCV
52
Banque Cantonale Vaudoise
Switzerland
$218K +$5.21K +91 +3%
Osaic Holdings
53
Osaic Holdings
Arizona
$162K +$15.3K +267 +11%
Wells Fargo
54
Wells Fargo
California
$144K -$171K -2,982 -57%
Fidelity Investments
55
Fidelity Investments
Massachusetts
$117K – – –
VCM
56
Viewpoint Capital Management
Washington
$34.6K – – –
TCM
57
Tradewinds Capital Management
Washington
$31.3K -$31.2M -544,647 -100%
GRP
58
Global Retirement Partners
California
$30.8K +$802 +14 +3%
FDCDDQ
59
Federation des caisses Desjardins du Quebec
Quebec, Canada
$28.8K – – –
Comerica Bank
60
Comerica Bank
Texas
$18K +$5.9K +103 +58%
AWM
61
AE Wealth Management
Kansas
$15K – – –
BIM
62
Breakwater Investment Management
Washington
$4.62K – – –
SC
63
Stephens Consulting
Michigan
$1.99K – – –
Barclays
64
Barclays
United Kingdom
$1.92K -$207K -3,615 -99%
WAS
65
Winch Advisory Services
Wisconsin
$1.79K – – –
ACA
66
Aptus Capital Advisors
Alabama
$1.73K +$1.55K +27 New
SPIA
67
Steward Partners Investment Advisory
New York
$1.28K – – –
Carson Wealth (CWM LLC)
68
Carson Wealth (CWM LLC)
Nebraska
$1K – – –
US Bancorp
69
US Bancorp
Minnesota
$962 – – –
TRCT
70
Tower Research Capital (TRC)
New York
$641 -$744 -13 -57%
HNB
71
Huntington National Bank
Ohio
$64 – – –
OSAM
72
O'Shaughnessy Asset Management
Connecticut
$64 – – –
ASN
73
Advisory Services Network
Georgia
$64 +$57 +1 New
DS
74
DRW Securities
Illinois
– -$2.02M -37,672 Closed
Susquehanna International Group
75
Susquehanna International Group
Pennsylvania
– -$1.02M -17,741 Closed
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EZA Hedge Fund Activity: Q3 2025 in Review

74 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI South Africa ETF (EZA) for Q3 2025, worth a combined $377M — up 18% from $318M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new EZA positions and 7 closed out — a net gain of 7 holders — while 21 added to existing stakes and 20 trimmed.

The largest buyer was DZ Bank, opening a new position worth an estimated $9.54M. The largest seller was Tradewinds Capital Management, cutting an estimated $31.2M.

  • 74 institutional investors held iShares MSCI South Africa ETF (EZA) as of Q3 2025, up from 67 in Q2 2025.
  • Funds reported $377M of iShares MSCI South Africa ETF stock for Q3 2025, up 18% quarter-over-quarter.
  • 14 funds opened new iShares MSCI South Africa ETF positions in Q3 2025 and 7 closed out, a net change of +7 holders.
  • The largest iShares MSCI South Africa ETF buyer in Q3 2025 was DZ Bank, an estimated $9.54M added.
  • The largest iShares MSCI South Africa ETF seller in Q3 2025 was Tradewinds Capital Management, an estimated $31.2M sold.

Based on aggregated 13F filings for Q3 2025.