iShares MSCI South Africa ETF
EZA
61 hedge funds and large institutions have $235M invested in iShares MSCI South Africa ETF in 2015 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 21 increasing their positions, 16 reducing their positions, and 18 closing their positions.
31% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 16
9% less funds holding
Funds holding: 67 → 61 (-6)
10.64% less ownership
Funds ownership: 91.69% → 81.05% (-11%)
17% less call options, than puts
Call options by funds: $16.2M | Put options by funds: $19.4M
25% less capital invested
Capital invested by funds: $315M → $235M (-$80.3M)
28% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 18
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
+$21.1M |
| 2 |
6CM
683 Capital Management
New York
|
+$7.92M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$7.78M |
| 4 |
BCM
Bluefin Capital Management
New York
|
+$6.85M |
| 5 |
BL
BCWM LLC
Overland Park,
Kansas
|
+$2.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GI
Glovista Investments
Jersey City,
New Jersey
|
-$47.4M |
| 2 |
AT
AMF Tjänstepension
Stockholm,
Sweden
|
-$17.1M |
| 3 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$13.4M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$6.35M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.76M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Citadel Advisors
Miami,
Florida
| – | -$65K | -1,220 | Closed |
|
|
BGIM
77
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
| – | -$7K | -119 | Closed |
|
78
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$2K | -40 | Closed |
|
EZA Hedge Fund Activity: Q4 2015 in Review
61 of the 3,813 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI South Africa ETF (EZA) for Q4 2015, worth a combined $235M — down 25% from $315M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of EZA and 13 opened new positions — a net loss of 5 holders — while 16 trimmed existing stakes and 21 added.
The largest buyer was BNP Paribas Financial Markets, adding an estimated $21.1M. The largest seller was Glovista Investments, exiting entirely with an estimated $47.4M sold.
- 61 institutional investors held iShares MSCI South Africa ETF (EZA) as of Q4 2015, down from 67 in Q3 2015.
- Funds reported $235M of iShares MSCI South Africa ETF stock for Q4 2015, down 25% quarter-over-quarter.
- 13 funds opened new iShares MSCI South Africa ETF positions in Q4 2015 and 18 closed out, a net change of -5 holders.
- The largest iShares MSCI South Africa ETF buyer in Q4 2015 was BNP Paribas Financial Markets, an estimated $21.1M added.
- The largest iShares MSCI South Africa ETF seller in Q4 2015 was Glovista Investments, an estimated $47.4M sold.
Based on aggregated 13F filings for Q4 2015.