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iShares Currency Hedged MSCI Japan ETF
HEWJ

75 hedge funds and large institutions have $481M invested in iShares Currency Hedged MSCI Japan ETF in 2018 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 18 increasing their positions, 25 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

6.06% less ownership

Funds ownership: 66.91% → 60.85% (-6.1%)

6% less funds holding

Funds holding: 80 → 75 (-5)

25% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 20

28% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 25

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

36% less capital invested

Capital invested by funds: $748M → $481M (-$267M)

Holders
75
Holders Change
-5
Holders Change %
-6.25%
% of All Funds
1.67%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.04%
New
15
Increased
18
Reduced
25
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CI
Clal Insurance
Israel
+$36.8M
2
FTUS
Flow Traders U.S.
New York
+$13.2M
3
Ameriprise
Ameriprise
Minnesota
+$12.5M
4
BCI
Brinker Capital Investments
Pennsylvania
+$5.6M
5
AllianceBernstein
AllianceBernstein
Tennessee
+$5.21M

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$141M
2
Franklin Resources
Franklin Resources
California
-$26.4M
3
PAMU
Pictet Asset Management (UK)
United Kingdom
-$23.4M
4
PC
Passport Capital
California
-$6.85M
5
B
Barings
North Carolina
-$6.52M
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
26
Wells Fargo
California
$1.45M +$508K +16,345 +46%
M&T Bank
27
M&T Bank
New York
$1.23M +$125K +4,020 +10%
William Blair & Company
28
William Blair & Company
Illinois
$1.11M -$269K -8,668 -18%
LPL Financial
29
LPL Financial
California
$1.07M -$743K -23,893 -38%
GWM
30
Geneos Wealth Management
Colorado
$1.07M +$15.2K +490 +1%
JHCP
31
Jackson Hole Capital Partners
Oklahoma
$935K +$1.04M +33,296 New
S
32
SignatureFD
Georgia
$859K +$728K +23,428 +328%
EWA
33
Evolution Wealth Advisors
Florida
$778K +$859K +27,625 New
MML Investors Services
34
MML Investors Services
Massachusetts
$729K +$41.6K +1,339 +5%
PBT
35
Pictet Bank & Trust
Bahamas
$699K – – –
Barclays
36
Barclays
United Kingdom
$616K -$467K -15,033 -41%
CIBC World Market
37
CIBC World Market
Ontario, Canada
$574K -$630K -20,256 -50%
Credit Agricole
38
Credit Agricole
France
$562K -$459K -14,750 -42%
IFWM
39
Institute for Wealth Management
Colorado
$539K -$21.8K -702 -4%
BUB
40
BBVA USA Bancshares
Texas
$535K – – –
CS
41
Credit Suisse
Switzerland
$462K – – –
DADC
42
D.A. Davidson & Co
Montana
$450K -$6.43K -207 -1%
MWM
43
Meridian Wealth Management
Kentucky
$334K -$5.38K -173 -1%
HighTower Advisors
44
HighTower Advisors
Illinois
$329K +$363K +11,670 New
Deutsche Bank
45
Deutsche Bank
Germany
$283K +$314K +10,102 New
MIS
46
Morningstar Investment Services
Illinois
$258K +$285K +9,177 New
Stifel Financial
47
Stifel Financial
Missouri
$250K +$273K +8,780 New
SMFG
48
Sumitomo Mitsui Financial Group
Japan
$236K – – –
SC
49
Scotia Capital
Ontario, Canada
$205K – – –
JP Morgan Chase
50
JP Morgan Chase
New York
$191K -$311 -10 -0.1%
1
2
3 4

HEWJ Hedge Fund Activity: Q4 2018 in Review

75 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in iShares Currency Hedged MSCI Japan ETF (HEWJ) for Q4 2018, worth a combined $481M — down 36% from $748M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of HEWJ and 15 opened new positions — a net loss of 5 holders — while 25 trimmed existing stakes and 18 added.

The largest buyer was Clal Insurance, adding an estimated $36.8M. The largest seller was BlackRock, cutting an estimated $141M.

  • 75 institutional investors held iShares Currency Hedged MSCI Japan ETF (HEWJ) as of Q4 2018, down from 80 in Q3 2018.
  • Funds reported $481M of iShares Currency Hedged MSCI Japan ETF stock for Q4 2018, down 36% quarter-over-quarter.
  • 15 funds opened new iShares Currency Hedged MSCI Japan ETF positions in Q4 2018 and 20 closed out, a net change of -5 holders.
  • The largest iShares Currency Hedged MSCI Japan ETF buyer in Q4 2018 was Clal Insurance, an estimated $36.8M added.
  • The largest iShares Currency Hedged MSCI Japan ETF seller in Q4 2018 was BlackRock, an estimated $141M sold.

Based on aggregated 13F filings for Q4 2018.