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iShares Currency Hedged MSCI Emerging Markets
HEEM

45 hedge funds and large institutions have $114M invested in iShares Currency Hedged MSCI Emerging Markets in 2025 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 15 increasing their positions, 16 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more capital invested

Capital invested by funds: $99.9M → $114M (+$14M)

1.08% more ownership

Funds ownership: 60.11% → 61.19% (+1.1%)

0% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 3

6% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 16

4% less funds holding

Funds holding: 47 → 45 (-2)

Holders
45
Holders Change
-2
Holders Change %
-4.26%
% of All Funds
0.59%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
3
Increased
15
Reduced
16
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FF
Friedenthal Financial
New Jersey
+$4.31M
2
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$3.33M
3
FWP
Forefront Wealth Partners
Texas
+$1.5M
4
Wells Fargo
Wells Fargo
California
+$880K
5
Citadel Advisors
Citadel Advisors
Florida
+$567K

Top Sellers

Rank Fund Capital Flow
1
TIAA Trust, National Association
TIAA Trust, National Association
North Carolina
-$1.95M
2
Jane Street
Jane Street
New York
-$1.14M
3
Morgan Stanley
Morgan Stanley
New York
-$873K
4
Bank of America
Bank of America
North Carolina
-$676K
5
FA
Forefront Analytics
Pennsylvania
-$491K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAS
26
Park Avenue Securities
New York
$379K +$3.78K +120 +1%
PFS
27
Prospera Financial Services
Texas
$329K – – –
Raymond James Financial
28
Raymond James Financial
Florida
$328K -$10.6K -335 -3%
HighTower Advisors
29
HighTower Advisors
Illinois
$300K – – –
CWM
30
Cranbrook Wealth Management
Michigan
$275K – – –
William Blair & Company
31
William Blair & Company
Illinois
$232K – – –
AI
32
Atria Investments
North Carolina
$221K -$8.29K -263 -4%
Jane Street
33
Jane Street
New York
$210K -$1.14M -36,281 -85%
FTUS
34
Flow Traders U.S.
New York
$204K +$191K +6,074 New
GSWM
35
Golden State Wealth Management
California
$204K -$17.7K -561 -8%
Royal Bank of Canada
36
Royal Bank of Canada
Ontario, Canada
$153K – – –
OSAM
37
O'Shaughnessy Asset Management
Connecticut
$135K – – –
Bank of Montreal
38
Bank of Montreal
Ontario, Canada
$101K – – –
AWM
39
AE Wealth Management
Kansas
$49.8K -$3.84K -122 -8%
Fidelity Investments
40
Fidelity Investments
Massachusetts
$42.5K -$2.36K -75 -6%
PS
41
Principal Securities
Iowa
$37.2K – – –
SWP
42
Strategic Wealth Partners
Ohio
$20.7K – – –
National Bank of Canada
43
National Bank of Canada
Quebec, Canada
$9.22K – – –
GRP
44
Global Retirement Partners
California
$8.34K +$63 +2 +0.8%
Jones Financial Companies
45
Jones Financial Companies
Missouri
$4.25K – – –
Goldman Sachs
46
Goldman Sachs
New York
– -$219K -7,293 Closed
AAS
47
Ameritas Advisory Services
Nebraska
– -$6.47K -215 Closed
CWP
48
Concord Wealth Partners
Virginia
– -$1.84K -61 Closed
1
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HEEM Hedge Fund Activity: Q3 2025 in Review

45 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in iShares Currency Hedged MSCI Emerging Markets (HEEM) for Q3 2025, worth a combined $114M — up 14% from $99.9M a quarter earlier.

Fund positioning in HEEM was balanced in Q3 2025: 3 funds opened new positions, 3 closed out, 15 added to existing stakes and 16 trimmed.

The largest buyer was Friedenthal Financial, adding an estimated $4.31M. The largest seller was TIAA Trust, National Association, cutting an estimated $1.95M.

  • 45 institutional investors held iShares Currency Hedged MSCI Emerging Markets (HEEM) as of Q3 2025, down from 47 in Q2 2025.
  • Funds reported $114M of iShares Currency Hedged MSCI Emerging Markets stock for Q3 2025, up 14% quarter-over-quarter.
  • 3 funds opened new iShares Currency Hedged MSCI Emerging Markets positions in Q3 2025 and 3 closed out, a net change of 0 holders.
  • The largest iShares Currency Hedged MSCI Emerging Markets buyer in Q3 2025 was Friedenthal Financial, an estimated $4.31M added.
  • The largest iShares Currency Hedged MSCI Emerging Markets seller in Q3 2025 was TIAA Trust, National Association, an estimated $1.95M sold.

Based on aggregated 13F filings for Q3 2025.