iShares Currency Hedged MSCI Emerging Markets
HEEM
45 hedge funds and large institutions have $140M invested in iShares Currency Hedged MSCI Emerging Markets in 2026 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 14 reducing their positions, and 6 closing their positions.
19% more capital invested
Capital invested by funds: $117M → $140M (+$22.4M)
2.27% more ownership
Funds ownership: 61.25% → 63.53% (+2.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less funds holding
Funds holding: 47 → 45 (-2)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
21% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$3.98M |
| 2 |
Truist Financial
Charlotte,
North Carolina
|
+$3.97M |
| 3 |
KWA
Kingswood Wealth Advisors
San Diego,
California
|
+$2.92M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.99M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIAA Trust, National Association
Charlotte,
North Carolina
|
-$23.9M |
| 2 |
Pictet Asset Management
Carouge,
Switzerland
|
-$3.25M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$799K |
| 4 |
MML Investors Services
Springfield,
Massachusetts
|
-$530K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$475K |
HEEM Hedge Fund Activity: Q1 2026 in Review
45 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in iShares Currency Hedged MSCI Emerging Markets (HEEM) for Q1 2026, worth a combined $140M — up 19% from $117M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of HEEM and 5 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 11 added.
The largest buyer was Envestnet Asset Management, adding an estimated $3.98M. The largest seller was TIAA Trust, National Association, cutting an estimated $23.9M.
- 45 institutional investors held iShares Currency Hedged MSCI Emerging Markets (HEEM) as of Q1 2026, down from 47 in Q4 2025.
- Funds reported $140M of iShares Currency Hedged MSCI Emerging Markets stock for Q1 2026, up 19% quarter-over-quarter.
- 5 funds opened new iShares Currency Hedged MSCI Emerging Markets positions in Q1 2026 and 6 closed out, a net change of -1 holder.
- The largest iShares Currency Hedged MSCI Emerging Markets buyer in Q1 2026 was Envestnet Asset Management, an estimated $3.98M added.
- The largest iShares Currency Hedged MSCI Emerging Markets seller in Q1 2026 was TIAA Trust, National Association, an estimated $23.9M sold.
Based on aggregated 13F filings for Q1 2026.