iShares Currency Hedged MSCI Emerging Markets
HEEM
50 hedge funds and large institutions have $161M invested in iShares Currency Hedged MSCI Emerging Markets in 2018 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 11 increasing their positions, 16 reducing their positions, and 7 closing their positions.
186% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 7
35% more funds holding
Funds holding: 37 → 50 (+13)
21.43% less ownership
Funds ownership: 80.75% → 59.31% (-21%)
31% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 16
42% less capital invested
Capital invested by funds: $276M → $161M (-$115M)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WBG
Wharton Business Group
Malvern,
Pennsylvania
|
+$5.01M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$3.8M |
| 3 |
Jane Street
New York
|
+$2.86M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$2.6M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIFH
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
-$80M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$26.3M |
| 3 |
Morgan Stanley
New York
|
-$4.1M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.72M |
| 5 |
JCM
Janney Capital Management
Pittsburgh,
Pennsylvania
|
-$988K |
HEEM Hedge Fund Activity: Q4 2018 in Review
50 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in iShares Currency Hedged MSCI Emerging Markets (HEEM) for Q4 2018, worth a combined $161M — down 42% from $276M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new HEEM positions and 7 closed out — a net gain of 13 holders — while 11 added to existing stakes and 16 trimmed.
The largest buyer was Wharton Business Group, adding an estimated $5.01M. The largest seller was Migdal Insurance & Financial Holdings, cutting an estimated $80M.
- 50 institutional investors held iShares Currency Hedged MSCI Emerging Markets (HEEM) as of Q4 2018, up from 37 in Q3 2018.
- Funds reported $161M of iShares Currency Hedged MSCI Emerging Markets stock for Q4 2018, down 42% quarter-over-quarter.
- 20 funds opened new iShares Currency Hedged MSCI Emerging Markets positions in Q4 2018 and 7 closed out, a net change of +13 holders.
- The largest iShares Currency Hedged MSCI Emerging Markets buyer in Q4 2018 was Wharton Business Group, an estimated $5.01M added.
- The largest iShares Currency Hedged MSCI Emerging Markets seller in Q4 2018 was Migdal Insurance & Financial Holdings, an estimated $80M sold.
Based on aggregated 13F filings for Q4 2018.