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iShares Currency Hedged MSCI Emerging Markets
HEEM

41 hedge funds and large institutions have $95.4M invested in iShares Currency Hedged MSCI Emerging Markets in 2025 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 15 increasing their positions, 10 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 10

1% more capital invested

Capital invested by funds: $94.5M → $95.4M (+$888K)

0.77% more ownership

Funds ownership: 58.48% → 59.26% (+0.77%)

9% less funds holding

Funds holding: 45 → 41 (-4)

27% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 11

Holders
41
Holders Change
-4
Holders Change %
-8.89%
% of All Funds
0.55%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
15
Reduced
10
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
TIAA Trust, National Association
TIAA Trust, National Association
North Carolina
+$4.04M
2
Wells Fargo
Wells Fargo
California
+$2.88M
3
Citadel Advisors
Citadel Advisors
Florida
+$2.68M
4
Ameriprise
Ameriprise
Minnesota
+$740K
5
Osaic Holdings
Osaic Holdings
Arizona
+$641K

Top Sellers

Rank Fund Capital Flow
1
ANB
Amarillo National Bank
Texas
-$12.1M
2
Jane Street
Jane Street
New York
-$1.03M
3
OMC
Old Mission Capital
Illinois
-$1M
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$664K
5
WA
Whipplewood Advisors
Colorado
-$384K
Name Holding Trade Value Shares
Change 		Change in
Stake
TIAA Trust, National Association
1
TIAA Trust, National Association
North Carolina
$25.6M +$4.04M +144,726 +19%
Bank of America
2
Bank of America
North Carolina
$10.5M +$50.2K +1,798 +0.5%
Wells Fargo
3
Wells Fargo
California
$9.57M +$2.88M +102,978 +43%
Morgan Stanley
4
Morgan Stanley
New York
$8.88M +$217K +7,777 +3%
CCM
5
Coldstream Capital Management
Washington
$8.57M -$383K -13,716 -4%
Pictet Asset Management
6
Pictet Asset Management
Switzerland
$8.13M – – –
VPP
7
Vertex Planning Partners
Illinois
$4.88M +$254K +9,084 +6%
AAS
8
Avantax Advisory Services
Texas
$2.94M +$132K +4,738 +5%
Citadel Advisors
9
Citadel Advisors
Florida
$2.69M +$2.68M +95,869 New
FA
10
Forefront Analytics
Pennsylvania
$1.8M +$33K +1,183 +2%
SC
11
Savant Capital
Illinois
$1.38M – – –
LPL Financial
12
LPL Financial
California
$1.23M +$80.1K +2,870 +7%
WBG
13
Wharton Business Group
Pennsylvania
$1.14M – – –
UBS Group
14
UBS Group
Switzerland
$750K -$266K -9,517 -26%
Ameriprise
15
Ameriprise
Minnesota
$744K +$740K +26,500 New
Osaic Holdings
16
Osaic Holdings
Arizona
$648K +$641K +22,970 +20,694%
Envestnet Asset Management
17
Envestnet Asset Management
Illinois
$633K +$84.4K +3,024 +16%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$507K +$243K +8,700 +93%
WPA
19
Wealth Preservation Advisors
Tennessee
$493K +$491K +17,573 New
OC
20
Optima Capital
Oregon
$469K +$466K +16,701 New
WA
21
Whipplewood Advisors
Colorado
$423K -$384K -13,746 -96%
ASN
22
Advisory Services Network
Georgia
$398K +$72.2K +2,587 +22%
MML Investors Services
23
MML Investors Services
Massachusetts
$374K +$74.2K +2,656 +25%
William Blair & Company
24
William Blair & Company
Illinois
$365K -$115K -4,104 -24%
Raymond James Financial
25
Raymond James Financial
Florida
$281K -$3.44K -123 -1%
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HEEM Hedge Fund Activity: Q1 2025 in Review

41 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in iShares Currency Hedged MSCI Emerging Markets (HEEM) for Q1 2025, worth a combined $95.4M — up 0.94% from $94.5M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of HEEM and 8 opened new positions — a net loss of 3 holders — while 10 trimmed existing stakes and 15 added.

The largest buyer was TIAA Trust, National Association, adding an estimated $4.04M. The largest seller was Amarillo National Bank, exiting entirely with an estimated $12.1M sold.

  • 41 institutional investors held iShares Currency Hedged MSCI Emerging Markets (HEEM) as of Q1 2025, down from 45 in Q4 2024.
  • Funds reported $95.4M of iShares Currency Hedged MSCI Emerging Markets stock for Q1 2025, up 0.94% quarter-over-quarter.
  • 8 funds opened new iShares Currency Hedged MSCI Emerging Markets positions in Q1 2025 and 11 closed out, a net change of -3 holders.
  • The largest iShares Currency Hedged MSCI Emerging Markets buyer in Q1 2025 was TIAA Trust, National Association, an estimated $4.04M added.
  • The largest iShares Currency Hedged MSCI Emerging Markets seller in Q1 2025 was Amarillo National Bank, an estimated $12.1M sold.

Based on aggregated 13F filings for Q1 2025.