iShares MSCI South Africa ETF
EZA
93 hedge funds and large institutions have $497M invested in iShares MSCI South Africa ETF in 2025 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 22 increasing their positions, 23 reducing their positions, and 12 closing their positions.
158% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 12
32% more capital invested
Capital invested by funds: $377M → $497M (+$121M)
26% more funds holding
Funds holding: 74 → 93 (+19)
3.55% more ownership
Funds ownership: 79.43% → 82.98% (+3.5%)
4% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 23
100% less call options, than puts
Call options by funds: $516K | Put options by funds: $160M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HSBC Holdings
London,
United Kingdom
|
+$60.5M |
| 2 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$12.3M |
| 3 |
TC
Torno Capital
Cohasset,
Massachusetts
|
+$12.3M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$7.86M |
| 5 |
JP Morgan Chase
New York
|
+$6.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$12.7M |
| 2 |
DZ Bank
Frankfurt Am Main,
Germany
|
-$10.7M |
| 3 |
GCM
Graham Capital Management
Rowayton,
Connecticut
|
-$8.94M |
| 4 |
CCA
Carrera Capital Advisors
Troy,
Michigan
|
-$8.89M |
| 5 |
SG Americas Securities
New York
|
-$1.44M |
EZA Hedge Fund Activity: Q4 2025 in Review
93 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in iShares MSCI South Africa ETF (EZA) for Q4 2025, worth a combined $497M — up 32% from $377M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new EZA positions and 12 closed out — a net gain of 19 holders — while 22 added to existing stakes and 23 trimmed.
The largest buyer was HSBC Holdings, opening a new position worth an estimated $60.5M. The largest seller was BlackRock, cutting an estimated $12.7M.
- 93 institutional investors held iShares MSCI South Africa ETF (EZA) as of Q4 2025, up from 74 in Q3 2025.
- Funds reported $497M of iShares MSCI South Africa ETF stock for Q4 2025, up 32% quarter-over-quarter.
- 31 funds opened new iShares MSCI South Africa ETF positions in Q4 2025 and 12 closed out, a net change of +19 holders.
- The largest iShares MSCI South Africa ETF buyer in Q4 2025 was HSBC Holdings, an estimated $60.5M added.
- The largest iShares MSCI South Africa ETF seller in Q4 2025 was BlackRock, an estimated $12.7M sold.
Based on aggregated 13F filings for Q4 2025.