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iShares Currency Hedged MSCI Japan ETF

66 hedge funds and large institutions have $282M invested in iShares Currency Hedged MSCI Japan ETF in 2019 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 34 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

11.46% less ownership

Funds ownership: 60.85%49.39% (-11%)

12% less funds holding

Funds holding: 7566 (-9)

41% less capital invested

Capital invested by funds: $481M → $282M (-$199M)

50% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 16

65% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 34

100% less funds holding in top 10

Funds holding in top 10: 20 (-2)

Holders
66
Holders Change
-9
Holders Change %
-12%
% of All Funds
1.43%
Holding in Top 10
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
New
8
Increased
12
Reduced
34
Closed
16
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
AllianceBernstein
1
AllianceBernstein
Tennessee
$55.5M +$2.98M +99,074 +6%
Ameriprise
2
Ameriprise
Minnesota
$31.6M -$5.45M -181,499 -15%
US Bancorp
3
US Bancorp
Minnesota
$31.1M -$2.49M -82,772 -8%
Brown Advisory
4
Brown Advisory
Maryland
$23.7M +$23.1M +770,483 New
Morgan Stanley
5
Morgan Stanley
New York
$23.3M -$1.27M -42,428 -5%
Goldman Sachs
6
Goldman Sachs
New York
$16.8M -$598K -19,907 -4%
RJA
7
Raymond James & Associates
Florida
$15.7M +$15.3M +509,963 New
CI
8
Clal Insurance
Israel
$12.4M -$23.7M -788,638 -66%
Bank of America
9
Bank of America
North Carolina
$8.79M -$3.8M -126,504 -31%
UBS Group
10
UBS Group
Switzerland
$8.26M -$3.74M -124,681 -32%
Bank of New York Mellon
11
Bank of New York Mellon
New York
$7.69M +$1.19M +39,670 +19%
Franklin Resources
12
Franklin Resources
California
$6.61M -$102M -3,381,678 -94%
Federated Hermes
13
Federated Hermes
Pennsylvania
$6.28M -$2.47M -82,150 -29%
BCI
14
Brinker Capital Investments
Pennsylvania
$5.19M -$405K -13,500 -7%
Jane Street
15
Jane Street
New York
$3.39M +$3.3M +109,963 New
BS
16
Banco Santander
Spain
$2.21M -$209K -6,963 -9%
BlackRock
17
BlackRock
New York
$2M -$54.1M -1,801,288 -97%
MIFH
18
Migdal Insurance & Financial Holdings
Israel
$1.87M -$120K -4,005 -6%
CCA
19
Clearwater Capital Advisors
Illinois
$1.74M -$871K -29,007 -34%
Credit Agricole
20
Credit Agricole
France
$1.62M +$976K +32,500 +163%
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$1.39M -$9.45M -314,543 -87%
William Blair & Company
22
William Blair & Company
Illinois
$1.22M +$30 +1 +0%
LPL Financial
23
LPL Financial
California
$1.19M +$12.9K +429 +1%
M&T Bank
24
M&T Bank
New York
$1.15M -$198K -6,598 -15%
JHCP
25
Jackson Hole Capital Partners
Oklahoma
$1.08M +$51.2K +1,705 +5%

HEWJ Hedge Fund Activity: Q1 2019 in Review

66 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in iShares Currency Hedged MSCI Japan ETF (HEWJ) for Q1 2019, worth a combined $282M — down 41% from $481M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of HEWJ and 8 opened new positions — a net loss of 8 holders — while 34 trimmed existing stakes and 12 added.

The largest buyer was Brown Advisory, opening a new position worth an estimated $23.1M. The largest seller was Franklin Resources, cutting an estimated $102M.

  • 66 institutional investors held iShares Currency Hedged MSCI Japan ETF (HEWJ) as of Q1 2019, down from 75 in Q4 2018.
  • Funds reported $282M of iShares Currency Hedged MSCI Japan ETF stock for Q1 2019, down 41% quarter-over-quarter.
  • 8 funds opened new iShares Currency Hedged MSCI Japan ETF positions in Q1 2019 and 16 closed out, a net change of -8 holders.
  • The largest iShares Currency Hedged MSCI Japan ETF buyer in Q1 2019 was Brown Advisory, an estimated $23.1M added.
  • The largest iShares Currency Hedged MSCI Japan ETF seller in Q1 2019 was Franklin Resources, an estimated $102M sold.

Based on aggregated 13F filings for Q1 2019.