iShares Currency Hedged MSCI Emerging Markets
HEEM
37 hedge funds and large institutions have $276M invested in iShares Currency Hedged MSCI Emerging Markets in 2018 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 12 reducing their positions, and 10 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 12
1.54% more ownership
Funds ownership: 79.21% → 80.75% (+1.5%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
6% less capital invested
Capital invested by funds: $294M → $276M (-$18M)
12% less funds holding
Funds holding: 42 → 37 (-5)
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$26.5M |
| 2 |
Morgan Stanley
New York
|
+$1.74M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$993K |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$873K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$854K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIFH
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
-$30.4M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$3.94M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$3.55M |
| 4 |
Jane Street
New York
|
-$3.48M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
-$2.2M |
HEEM Hedge Fund Activity: Q3 2018 in Review
37 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in iShares Currency Hedged MSCI Emerging Markets (HEEM) for Q3 2018, worth a combined $276M — down 6.1% from $294M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of HEEM and 5 opened new positions — a net loss of 5 holders — while 12 trimmed existing stakes and 14 added.
The largest buyer was Credit Suisse, opening a new position worth an estimated $26.5M. The largest seller was Migdal Insurance & Financial Holdings, cutting an estimated $30.4M.
- 37 institutional investors held iShares Currency Hedged MSCI Emerging Markets (HEEM) as of Q3 2018, down from 42 in Q2 2018.
- Funds reported $276M of iShares Currency Hedged MSCI Emerging Markets stock for Q3 2018, down 6.1% quarter-over-quarter.
- 5 funds opened new iShares Currency Hedged MSCI Emerging Markets positions in Q3 2018 and 10 closed out, a net change of -5 holders.
- The largest iShares Currency Hedged MSCI Emerging Markets buyer in Q3 2018 was Credit Suisse, an estimated $26.5M added.
- The largest iShares Currency Hedged MSCI Emerging Markets seller in Q3 2018 was Migdal Insurance & Financial Holdings, an estimated $30.4M sold.
Based on aggregated 13F filings for Q3 2018.