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iShares Currency Hedged MSCI Japan ETF
HEWJ

65 hedge funds and large institutions have $264M invested in iShares Currency Hedged MSCI Japan ETF in 2025 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 26 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 5

19% more capital invested

Capital invested by funds: $222M → $264M (+$42.4M)

6.66% more ownership

Funds ownership: 59.89% → 66.55% (+6.7%)

3% more funds holding

Funds holding: 63 → 65 (+2)

50% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 26

Holders
65
Holders Change
+2
Holders Change %
+3.17%
% of All Funds
0.85%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
13
Reduced
26
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MWM
Modern Wealth Management
Kansas
+$18.1M
2
JP Morgan Chase
JP Morgan Chase
New York
+$7.22M
3
BBVA
Banco Bilbao Vizcaya Argentaria
Spain
+$5.33M
4
FIA
Foundations Investment Advisors
Arizona
+$1.28M
5
Bank of New York Mellon
Bank of New York Mellon
New York
+$869K

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$3.69M
2
PCA
Prosperity Capital Advisors
Ohio
-$2.14M
3
FTUS
Flow Traders U.S.
New York
-$1.8M
4
Morgan Stanley
Morgan Stanley
New York
-$1.46M
5
Deutsche Bank
Deutsche Bank
Germany
-$1.25M
Name Holding Trade Value Shares
Change 		Change in
Stake
Jane Street
26
Jane Street
New York
$464K +$445K +9,424 New
GSEP
27
Golden State Equity Partners
California
$449K -$6.27K -133 -1%
Northwestern Mutual Wealth Management
28
Northwestern Mutual Wealth Management
Wisconsin
$442K -$849 -18 -0.2%
AA
29
Advisory Alpha
Michigan
$420K +$148K +3,139 +58%
Stifel Financial
30
Stifel Financial
Missouri
$399K -$5.05K -107 -1%
Wells Fargo
31
Wells Fargo
California
$386K +$326K +6,920 +753%
BNP Paribas Financial Markets
32
BNP Paribas Financial Markets
France
$379K +$363K +7,702 New
SC
33
Scotia Capital
Ontario, Canada
$349K – – –
ACA
34
Aspire Capital Advisors
Washington
$345K -$128K -2,723 -28%
LFASL
35
Lugano Financial Advisors SA (LFA)
Switzerland
$338K – – –
PNC Financial Services Group
36
PNC Financial Services Group
Pennsylvania
$287K – – –
SMFG
37
Sumitomo Mitsui Financial Group
Japan
$277K – – –
RWM
38
Ritholtz Wealth Management
New York
$257K – – –
HH
39
Hilltop Holdings
Texas
$246K – – –
TWM
40
Tradition Wealth Management
Minnesota
$243K +$1.32K +28 +0.6%
AWA
41
Arkadios Wealth Advisors
Georgia
$243K +$21.4K +453 +10%
Envestnet Asset Management
42
Envestnet Asset Management
Illinois
$241K +$1.08K +23 +0.5%
Osaic Holdings
43
Osaic Holdings
Arizona
$222K +$377 +8 +0.2%
SQA
44
Simon Quick Advisors
New Jersey
$205K +$196K +4,157 New
OSAM
45
O'Shaughnessy Asset Management
Connecticut
$185K – – –
Comerica Bank
46
Comerica Bank
Texas
$169K -$7.69K -163 -5%
GWM
47
Geneos Wealth Management
Colorado
$158K – – –
Royal Bank of Canada
48
Royal Bank of Canada
Ontario, Canada
$118K +$5.99K +127 +6%
CA
49
CoreCap Advisors
Michigan
$113K – – –
Franklin Resources
50
Franklin Resources
California
$108K – – –
1
2
3

HEWJ Hedge Fund Activity: Q3 2025 in Review

65 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in iShares Currency Hedged MSCI Japan ETF (HEWJ) for Q3 2025, worth a combined $264M — up 19% from $222M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new HEWJ positions and 5 closed out — a net gain of 3 holders — while 13 added to existing stakes and 26 trimmed.

The largest buyer was Modern Wealth Management, opening a new position worth an estimated $18.1M. The largest seller was BlackRock, cutting an estimated $3.69M.

  • 65 institutional investors held iShares Currency Hedged MSCI Japan ETF (HEWJ) as of Q3 2025, up from 63 in Q2 2025.
  • Funds reported $264M of iShares Currency Hedged MSCI Japan ETF stock for Q3 2025, up 19% quarter-over-quarter.
  • 8 funds opened new iShares Currency Hedged MSCI Japan ETF positions in Q3 2025 and 5 closed out, a net change of +3 holders.
  • The largest iShares Currency Hedged MSCI Japan ETF buyer in Q3 2025 was Modern Wealth Management, an estimated $18.1M added.
  • The largest iShares Currency Hedged MSCI Japan ETF seller in Q3 2025 was BlackRock, an estimated $3.69M sold.

Based on aggregated 13F filings for Q3 2025.