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iShares MSCI South Africa ETF
EZA

78 hedge funds and large institutions have $441M invested in iShares MSCI South Africa ETF in 2017 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 21 increasing their positions, 22 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

32% more capital invested

Capital invested by funds: $334M → $441M (+$108M)

18% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 17

8.04% more ownership

Funds ownership: 86.08% → 94.13% (+8%)

4% more funds holding

Funds holding: 75 → 78 (+3)

5% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 22

99% less call options, than puts

Call options by funds: $2.03M | Put options by funds: $151M

Holders
78
Holders Change
+3
Holders Change %
+4%
% of All Funds
1.77%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
20
Increased
21
Reduced
22
Closed
17
Calls
$2.03M
Puts
$151M
Net Calls
-$149M
Net Calls Change
-$142M

Top Buyers

Rank Fund Capital Flow
1
AII
AGF Investments Inc
Ontario, Canada
+$17.2M
2
Bank of America
Bank of America
North Carolina
+$13M
3
CI Investments Inc
CI Investments Inc
Ontario, Canada
+$10.4M
4
GI
Glovista Investments
New Jersey
+$9.9M
5
CS
Credit Suisse
Switzerland
+$8.99M

Top Sellers

Rank Fund Capital Flow
1
Squarepoint
Squarepoint
New York
-$8.03M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$6.12M
3
ERSOT
Employees Retirement System of Texas
Texas
-$4.64M
4
Goldman Sachs
Goldman Sachs
New York
-$4.57M
5
Morgan Stanley
Morgan Stanley
New York
-$4.02M
Name Holding Trade Value Shares
Change 		Change in
Stake
State of Tennessee, Department of Treasury
1
State of Tennessee, Department of Treasury
Tennessee
$195M +$124K +2,000 +0.1%
AII
2
AGF Investments Inc
Ontario, Canada
$19.4M +$17.2M +277,330 New
Goldman Sachs
3
Goldman Sachs
New York
$18.7M -$4.57M -73,652 -22%
Bank of America
4
Bank of America
North Carolina
$18M +$13M +208,981 +429%
CA
5
Cambridge Associates
Massachusetts
$17.1M +$6.71M +108,174 +80%
H
6
Hexavest
Quebec, Canada
$16.1M -$605K -9,756 -4%
OMC
7
Old Mission Capital
Illinois
$15.6M +$4.89M +78,838 +55%
GI
8
Glovista Investments
New Jersey
$12.5M +$9.9M +159,706 +854%
CI Investments Inc
9
CI Investments Inc
Ontario, Canada
$11.7M +$10.4M +167,400 New
CS
10
Credit Suisse
Switzerland
$10.1M +$8.99M +144,988 New
Citigroup
11
Citigroup
New York
$9.61M +$994K +16,032 +13%
Morgan Stanley
12
Morgan Stanley
New York
$9.6M -$4.02M -64,807 -32%
BNP Paribas Financial Markets
13
BNP Paribas Financial Markets
France
$9.05M -$2.67M -43,091 -25%
CCA
14
Catalyst Capital Advisors
New York
$8.16M +$362K +5,831 +5%
MRC
15
Millburn Ridgefield Corp
New York
$8.16M +$362K +5,831 +5%
AC
16
AFAM Capital
Texas
$6.79M -$2.13M -34,385 -26%
MLM
17
Mount Lucas Management
Pennsylvania
$5M +$113K +1,830 +3%
DILIC
18
Dai-ichi Life Insurance Company
Japan
$4.9M -$205K -3,300 -5%
N
19
Natixis
France
$3.83M +$601K +9,690 +22%
UBS Group
20
UBS Group
Switzerland
$3.35M -$2.25M -36,281 -43%
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$3.23M +$2.87M +46,204 +271,788%
6M
22
6 Meridian
Kansas
$2.63M +$2.33M +37,593 New
CC
23
Chanos & Company
New York
$2.56M -$1.15M -18,568 -34%
LPL Financial
24
LPL Financial
California
$2.35M -$56.1K -904 -3%
Fidelity International
25
Fidelity International
Bermuda
$2.35M +$16.9K +273 +0.8%
1
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EZA Hedge Fund Activity: Q4 2017 in Review

78 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI South Africa ETF (EZA) for Q4 2017, worth a combined $441M — up 32% from $334M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new EZA positions and 17 closed out — a net gain of 3 holders — while 21 added to existing stakes and 22 trimmed.

The largest buyer was AGF Investments Inc, opening a new position worth an estimated $17.2M. The largest seller was Squarepoint, exiting entirely with an estimated $8.03M sold.

  • 78 institutional investors held iShares MSCI South Africa ETF (EZA) as of Q4 2017, up from 75 in Q3 2017.
  • Funds reported $441M of iShares MSCI South Africa ETF stock for Q4 2017, up 32% quarter-over-quarter.
  • 20 funds opened new iShares MSCI South Africa ETF positions in Q4 2017 and 17 closed out, a net change of +3 holders.
  • The largest iShares MSCI South Africa ETF buyer in Q4 2017 was AGF Investments Inc, an estimated $17.2M added.
  • The largest iShares MSCI South Africa ETF seller in Q4 2017 was Squarepoint, an estimated $8.03M sold.

Based on aggregated 13F filings for Q4 2017.