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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FF
Friedenthal Financial
Marlton,
New Jersey
|
+$4.31M |
| 2 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$3.33M |
| 3 |
FWP
Forefront Wealth Partners
Austin,
Texas
|
+$1.5M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$880K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$567K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIAA Trust, National Association
Charlotte,
North Carolina
|
-$1.95M |
| 2 |
Jane Street
New York
|
-$1.14M |
| 3 |
Morgan Stanley
New York
|
-$873K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$676K |
| 5 |
FA
Forefront Analytics
West Conshohocken,
Pennsylvania
|
-$491K |
HEEM Hedge Fund Activity: Q3 2025 in Review
45 of the 7,639 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.