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iShares Currency Hedged MSCI Japan ETF
HEWJ

65 hedge funds and large institutions have $266M invested in iShares Currency Hedged MSCI Japan ETF in 2025 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 21 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more capital invested

Capital invested by funds: $220M → $266M (+$46.4M)

13.36% more ownership

Funds ownership: 60.03% → 73.39% (+13%)

7% less funds holding

Funds holding: 70 → 65 (-5)

14% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 21

45% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 11

Holders
65
Holders Change
-5
Holders Change %
-7.14%
% of All Funds
0.87%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
18
Reduced
21
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$50.3M
2
PCIG
Partners Capital Investment Group
Massachusetts
+$18.8M
3
CGL
Clarius Group LLC
Washington
+$3.58M
4
Bank of America
Bank of America
North Carolina
+$2.42M
5
Franklin Resources
Franklin Resources
California
+$1.62M

Top Sellers

Rank Fund Capital Flow
1
CWM
CIBC World Markets
New York
-$8.86M
2
PP
Prudential plc
United Kingdom
-$6.56M
3
Wells Fargo
Wells Fargo
California
-$3.36M
4
Raymond James Financial
Raymond James Financial
Florida
-$2.02M
5
UBS Group
UBS Group
Switzerland
-$1.71M
Name Holding Trade Value Shares
Change 		Change in
Stake
GSEP
26
Golden State Equity Partners
California
$379K +$384K +9,046 New
Northwestern Mutual Wealth Management
27
Northwestern Mutual Wealth Management
Wisconsin
$377K -$1.23K -29 -0.3%
Susquehanna International Group
28
Susquehanna International Group
Pennsylvania
$364K -$247K -5,822 -40%
Stifel Financial
29
Stifel Financial
Missouri
$362K -$3.91K -92 -1%
RRCM
30
Rappaport Reiches Capital Management
Illinois
$327K +$49.9K +1,175 +18%
LFASL
31
Lugano Financial Advisors SA (LFA)
Switzerland
$308K +$30.7K +722 +11%
SC
32
Scotia Capital
Ontario, Canada
$297K – – –
GWM
33
Geneos Wealth Management
Colorado
$268K +$102K +2,400 +60%
PNC Financial Services Group
34
PNC Financial Services Group
Pennsylvania
$245K – – –
AA
35
Advisory Alpha
Michigan
$241K -$19.9K -468 -8%
SMFG
36
Sumitomo Mitsui Financial Group
Japan
$236K – – –
Wells Fargo
37
Wells Fargo
California
$231K -$3.36M -79,013 -93%
RWM
38
Ritholtz Wealth Management
New York
$219K – – –
HH
39
Hilltop Holdings
Texas
$210K – – –
TWM
40
Tradition Wealth Management
Minnesota
$206K – – –
Comerica Bank
41
Comerica Bank
Texas
$185K +$22.8K +536 +14%
OSAM
42
O'Shaughnessy Asset Management
Connecticut
$157K +$637 +15 +0.4%
Osaic Holdings
43
Osaic Holdings
Arizona
$155K -$37.5K -882 -19%
Royal Bank of Canada
44
Royal Bank of Canada
Ontario, Canada
$125K -$17K -400 -12%
TWC
45
TD Waterhouse Canada
Ontario, Canada
$118K -$102K -2,391 -46%
National Bank of Canada
46
National Bank of Canada
Quebec, Canada
$99.8K +$54K +1,270 +114%
CA
47
CoreCap Advisors
Michigan
$95.9K – – –
Fidelity Investments
48
Fidelity Investments
Massachusetts
$91.6K -$9.52K -224 -9%
JP Morgan Chase
49
JP Morgan Chase
New York
$88.1K – – –
SS
50
SBI Securities
Japan
$87.9K +$340K +8,009 +378%
1
2
3 4

HEWJ Hedge Fund Activity: Q1 2025 in Review

65 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in iShares Currency Hedged MSCI Japan ETF (HEWJ) for Q1 2025, worth a combined $266M — up 21% from $220M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of HEWJ and 6 opened new positions — a net loss of 5 holders — while 21 trimmed existing stakes and 18 added.

The largest buyer was BlackRock, adding an estimated $50.3M. The largest seller was CIBC World Markets, exiting entirely with an estimated $8.86M sold.

  • 65 institutional investors held iShares Currency Hedged MSCI Japan ETF (HEWJ) as of Q1 2025, down from 70 in Q4 2024.
  • Funds reported $266M of iShares Currency Hedged MSCI Japan ETF stock for Q1 2025, up 21% quarter-over-quarter.
  • 6 funds opened new iShares Currency Hedged MSCI Japan ETF positions in Q1 2025 and 11 closed out, a net change of -5 holders.
  • The largest iShares Currency Hedged MSCI Japan ETF buyer in Q1 2025 was BlackRock, an estimated $50.3M added.
  • The largest iShares Currency Hedged MSCI Japan ETF seller in Q1 2025 was CIBC World Markets, an estimated $8.86M sold.

Based on aggregated 13F filings for Q1 2025.