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iShares Currency Hedged MSCI EAFE ETF
HEFA

200 hedge funds and large institutions have $2.58B invested in iShares Currency Hedged MSCI EAFE ETF in 2018 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 35 increasing their positions, 103 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

3.53% more ownership

Funds ownership: 70.85% → 74.38% (+3.5%)

10% less funds holding

Funds holding: 221 → 200 (-21)

12% less capital invested

Capital invested by funds: $2.92B → $2.58B (-$340M)

41% less funds holding in top 10

Funds holding in top 10: 17 → 10 (-7)

54% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 39

66% less repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 103

Holders
200
Holders Change
-21
Holders Change %
-9.5%
% of All Funds
4.58%
Holding in Top 10
10
Holding in Top 10 Change
-7
Holding in Top 10 Change %
-41.18%
% of All Funds
0.23%
New
18
Increased
35
Reduced
103
Closed
39
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MIH
Madison Investment Holdings
Wisconsin
+$25.4M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$20.3M
3
CWM
Cornerstone Wealth Management
Missouri
+$11.7M
4
KP
Keel Point
Alabama
+$9.56M
5
US Bancorp
US Bancorp
Minnesota
+$6.53M

Top Sellers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
-$62.5M
2
PAS
Park Avenue Securities
New York
-$50.7M
3
Morgan Stanley
Morgan Stanley
New York
-$43.2M
4
AF
Ally Financial
Michigan
-$37.6M
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$30.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
RA
226
RFG Advisory
Alabama
– -$263K -9,168 Closed
HB
227
Homrich & Berg
Georgia
– -$224K -7,816 Closed
PFGIA
228
Patriot Financial Group Insurance Agency
Massachusetts
– -$198K -7,020 Closed
PWM
229
Perigon Wealth Management
California
– -$44K -1,525 Closed
PS
230
Portfolio Solutions
Michigan
– -$36K -1,249 Closed
MPPLM
231
Midwest Professional Planners Ltd (MPPL)
Wisconsin
– -$29K -994 Closed
GI
232
Gradient Investments
Minnesota
– -$17K -578 Closed
RCAG
233
Rehmann Capital Advisory Group
Michigan
– -$11K -385 Closed
CBT
234
Central Bank & Trust
Kentucky
– -$9K -324 Closed
SP
235
SWS Partners
Ohio
– -$5K -193 Closed
DWM
236
Destination Wealth Management
California
– -$6K -115 Closed
AIM
237
Advantage Investment Management
Iowa
– -$2K -71 Closed
APSP
238
Asset Planning Services (Pennsylvania)
Pennsylvania
– -$2K -56 Closed
SHJ
239
Sharkey, Howes & Javer
Colorado
– -$1K -42 Closed
6 7 8 9
10

HEFA Hedge Fund Activity: Q2 2018 in Review

200 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in iShares Currency Hedged MSCI EAFE ETF (HEFA) for Q2 2018, worth a combined $2.58B — down 12% from $2.92B a quarter earlier.

Sellers outnumbered buyers: 39 funds closed out of HEFA and 18 opened new positions — a net loss of 21 holders — while 103 trimmed existing stakes and 35 added.

The largest buyer was Madison Investment Holdings, opening a new position worth an estimated $25.4M. The largest seller was LPL Financial, cutting an estimated $62.5M.

  • 200 institutional investors held iShares Currency Hedged MSCI EAFE ETF (HEFA) as of Q2 2018, down from 221 in Q1 2018.
  • Funds reported $2.58B of iShares Currency Hedged MSCI EAFE ETF stock for Q2 2018, down 12% quarter-over-quarter.
  • 18 funds opened new iShares Currency Hedged MSCI EAFE ETF positions in Q2 2018 and 39 closed out, a net change of -21 holders.
  • The largest iShares Currency Hedged MSCI EAFE ETF buyer in Q2 2018 was Madison Investment Holdings, an estimated $25.4M added.
  • The largest iShares Currency Hedged MSCI EAFE ETF seller in Q2 2018 was LPL Financial, an estimated $62.5M sold.

Based on aggregated 13F filings for Q2 2018.