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iShares Currency Hedged MSCI EAFE ETF
HEFA

457 hedge funds and large institutions have $5.65B invested in iShares Currency Hedged MSCI EAFE ETF in 2025 Q2 according to their latest regulatory filings, with 49 funds opening new positions, 102 increasing their positions, 239 reducing their positions, and 105 closing their positions.

New
Increased
Maintained
Reduced
Closed

4.25% less ownership

Funds ownership: 92.98% → 88.73% (-4.3%)

12% less funds holding in top 10

Funds holding in top 10: 33 → 29 (-4)

12% less funds holding

Funds holding: 522 → 457 (-65)

21% less capital invested

Capital invested by funds: $7.15B → $5.65B (-$1.5B)

53% less first-time investments, than exits

New positions opened: 49 | Existing positions closed: 105

57% less repeat investments, than reductions

Existing positions increased: 102 | Existing positions reduced: 239

Holders
457
Holders Change
-65
Holders Change %
-12.45%
% of All Funds
6.02%
Holding in Top 10
29
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-12.12%
% of All Funds
0.38%
New
49
Increased
102
Reduced
239
Closed
105
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$31M
2
Osaic Holdings
Osaic Holdings
Arizona
+$25.2M
3
FTUS
Flow Traders U.S.
New York
+$14.5M
4
Mariner
Mariner
Kansas
+$10.6M
5
WA
Waverly Advisors
Alabama
+$8.42M

Top Sellers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$502M
2
Goldman Sachs
Goldman Sachs
New York
-$120M
3
PCIG
Partners Capital Investment Group
Massachusetts
-$106M
4
LPL Financial
LPL Financial
California
-$93.5M
5
JP Morgan Chase
JP Morgan Chase
New York
-$90.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
AGC
251
Aspen Grove Capital
Colorado
$570K – – –
LPAM
252
Lodestar Private Asset Management
California
$570K +$7.86K +215 +1%
HL
253
HeadInvest LLC
Maine
$553K – – –
TSS
254
Two Sigma Securities
New York
$529K +$510K +13,941 New
SPAS
255
Spectrum Planning & Advisory Services
California
$520K +$178K +4,871 +55%
SP
256
Stonebrook Private
Michigan
$520K -$3.13M -85,504 -86%
VAG
257
VisionPoint Advisory Group
Texas
$519K +$500K +13,676 New
FTS
258
Fifth Third Securities
Ohio
$510K +$491K +13,434 New
FAT
259
First American Trust
California
$507K -$74.4K -2,035 -13%
MWA
260
Merkkuri Wealth Advisors
New York
$500K -$315K -8,625 -40%
TL
261
Tradewinds LLC
North Carolina
$500K +$481K +13,168 New
VT
262
Vise Technologies
New York
$498K +$479K +13,114 New
CWMS
263
Cannon Wealth Management Services
North Carolina
$498K – – –
PMG
264
ProVise Management Group
Florida
$489K +$6.33K +173 +1%
C1AG
265
Client 1st Advisory Group
Florida
$485K -$68.9K -1,884 -13%
SF
266
Synovus Financial
Georgia
$480K – – –
FWP
267
Firethorn Wealth Partners
Georgia
$478K -$446K -12,205 -49%
CWM
268
Cranbrook Wealth Management
Michigan
$477K – – –
KWM
269
Keebeck Wealth Management
Illinois
$469K -$1.35M -36,906 -75%
BWA
270
Bestgate Wealth Advisors
Maryland
$466K – – –
CCFM
271
Clear Creek Financial Management
Washington
$466K +$66.2K +1,811 +17%
GJIA
272
Glass Jacobson Investment Advisors
Maryland
$461K +$28.2K +771 +7%
CP
273
Canopy Partners
Ohio
$454K – – –
AWA
274
Arkadios Wealth Advisors
Georgia
$446K -$136K -3,718 -24%
CPA
275
Cardiff Park Advisors
California
$440K – – –
9 10
11
12 13

HEFA Hedge Fund Activity: Q2 2025 in Review

457 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in iShares Currency Hedged MSCI EAFE ETF (HEFA) for Q2 2025, worth a combined $5.65B — down 21% from $7.15B a quarter earlier.

Sellers outnumbered buyers: 105 funds closed out of HEFA and 49 opened new positions — a net loss of 56 holders — while 239 trimmed existing stakes and 102 added.

The largest buyer was Ameriprise, adding an estimated $31M. The largest seller was Envestnet Asset Management, cutting an estimated $502M.

  • 457 institutional investors held iShares Currency Hedged MSCI EAFE ETF (HEFA) as of Q2 2025, down from 522 in Q1 2025.
  • Funds reported $5.65B of iShares Currency Hedged MSCI EAFE ETF stock for Q2 2025, down 21% quarter-over-quarter.
  • 49 funds opened new iShares Currency Hedged MSCI EAFE ETF positions in Q2 2025 and 105 closed out, a net change of -56 holders.
  • The largest iShares Currency Hedged MSCI EAFE ETF buyer in Q2 2025 was Ameriprise, an estimated $31M added.
  • The largest iShares Currency Hedged MSCI EAFE ETF seller in Q2 2025 was Envestnet Asset Management, an estimated $502M sold.

Based on aggregated 13F filings for Q2 2025.