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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DZ Bank
Frankfurt Am Main,
Germany
|
+$9.54M |
| 2 |
JP Morgan Chase
New York
|
+$8.43M |
| 3 |
GCM
Graham Capital Management
Rowayton,
Connecticut
|
+$7.99M |
| 4 |
BlackRock
New York
|
+$4.91M |
| 5 |
SG Americas Securities
New York
|
+$1.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Tradewinds Capital Management
Bellingham,
Washington
|
-$31.2M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$2.04M |
| 3 |
DS
DRW Securities
Chicago,
Illinois
|
-$2.02M |
| 4 |
D.E. Shaw & Co
New York
|
-$1.57M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.02M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Prudential Financial
Newark,
New Jersey
| – | -$871K | -16,200 | Closed |
|
|
GCM
77
Gallacher Capital Management
Lone Tree,
Colorado
| – | -$676K | -12,580 | Closed |
|
78
Qube Research & Technologies (QRT)
London,
United Kingdom
| – | -$670K | -12,461 | Closed |
|
79
Simplex Trading
Chicago,
Illinois
| – | -$88K | -1,648 | Closed |
|
|
PS
80
Principal Securities
Des Moines,
Iowa
| – | -$54 | -1 | Closed |
|
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.