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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$31M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
+$25.2M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$14.5M |
| 4 |
Mariner
Overland Park,
Kansas
|
+$10.6M |
| 5 |
WA
Waverly Advisors
Birmingham,
Alabama
|
+$8.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$502M |
| 2 |
Goldman Sachs
New York
|
-$120M |
| 3 |
PCIG
Partners Capital Investment Group
Boston,
Massachusetts
|
-$106M |
| 4 |
LPL Financial
San Diego,
California
|
-$93.5M |
| 5 |
JP Morgan Chase
New York
|
-$90.3M |
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.