iShares Currency Hedged MSCI Emerging Markets
HEEM
43 hedge funds and large institutions have $197M invested in iShares Currency Hedged MSCI Emerging Markets in 2019 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 21 reducing their positions, and 12 closing their positions.
22% more capital invested
Capital invested by funds: $161M → $197M (+$35.7M)
15.58% more ownership
Funds ownership: 59.31% → 74.89% (+16%)
14% less funds holding
Funds holding: 50 → 43 (-7)
48% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 21
58% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$52.8M |
| 2 |
Morgan Stanley
New York
|
+$2.03M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$1.34M |
| 4 |
Northern Trust
Chicago,
Illinois
|
+$1.32M |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
+$1.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIFH
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
-$17.9M |
| 2 |
JCM
Janney Capital Management
Pittsburgh,
Pennsylvania
|
-$10.3M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.95M |
| 4 |
FA
Forefront Analytics
West Conshohocken,
Pennsylvania
|
-$3M |
| 5 |
Jane Street
New York
|
-$2.77M |
HEEM Hedge Fund Activity: Q1 2019 in Review
43 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in iShares Currency Hedged MSCI Emerging Markets (HEEM) for Q1 2019, worth a combined $197M — up 22% from $161M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of HEEM and 5 opened new positions — a net loss of 7 holders — while 21 trimmed existing stakes and 11 added.
The largest buyer was Credit Suisse, opening a new position worth an estimated $52.8M. The largest seller was Migdal Insurance & Financial Holdings, cutting an estimated $17.9M.
- 43 institutional investors held iShares Currency Hedged MSCI Emerging Markets (HEEM) as of Q1 2019, down from 50 in Q4 2018.
- Funds reported $197M of iShares Currency Hedged MSCI Emerging Markets stock for Q1 2019, up 22% quarter-over-quarter.
- 5 funds opened new iShares Currency Hedged MSCI Emerging Markets positions in Q1 2019 and 12 closed out, a net change of -7 holders.
- The largest iShares Currency Hedged MSCI Emerging Markets buyer in Q1 2019 was Credit Suisse, an estimated $52.8M added.
- The largest iShares Currency Hedged MSCI Emerging Markets seller in Q1 2019 was Migdal Insurance & Financial Holdings, an estimated $17.9M sold.
Based on aggregated 13F filings for Q1 2019.