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1,077 hedge funds and large institutions have $40.3B invested in MSCI in 2025 Q1 according to their latest regulatory filings, with 120 funds opening new positions, 403 increasing their positions, 386 reducing their positions, and 92 closing their positions.

New
Increased
Maintained
Reduced
Closed

193% more call options, than puts

Call options by funds: $216M | Put options by funds: $73.9M

30% more first-time investments, than exits

New positions opened: 120 | Existing positions closed: 92

4% more repeat investments, than reductions

Existing positions increased: 403 | Existing positions reduced: 386

1% more funds holding

Funds holding: 1,0671,077 (+10)

0.7% more ownership

Funds ownership: 91.11%91.82% (+0.7%)

6% less capital invested

Capital invested by funds: $42.6B → $40.3B (-$2.37B)

13% less funds holding in top 10

Funds holding in top 10: 1614 (-2)

Holders
1,077
Holders Change
+10
Holders Change %
+0.94%
% of All Funds
14.44%
Holding in Top 10
14
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-12.5%
% of All Funds
0.19%
New
120
Increased
403
Reduced
386
Closed
92
Calls
$216M
Puts
$73.9M
Net Calls
+$142M
Net Calls Change
+$217M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$5.3B +$302M +518,833 +6%
BlackRock
2
BlackRock
New York
$3.38B +$24.3M +41,805 +0.7%
State Street
3
State Street
Massachusetts
$1.83B +$9.74M +16,748 +0.5%
Edgewood Management
4
Edgewood Management
Connecticut
$1.28B +$130M +223,708 +11%
BAMCO Inc
5
BAMCO Inc
New York
$1.17B -$35M -60,278 -3%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$1.11B +$35.9M +61,733 +3%
Polen Capital Management
7
Polen Capital Management
Florida
$1.06B -$95.4M -164,100 -8%
Principal Financial Group
8
Principal Financial Group
Iowa
$920M +$8.09M +13,918 +0.9%
Morgan Stanley
9
Morgan Stanley
New York
$668M -$400M -687,857 -37%
Massachusetts Financial Services
10
Massachusetts Financial Services
Massachusetts
$603M -$96M -165,236 -13%
American Century Companies
11
American Century Companies
Missouri
$570M +$11.5M +19,846 +2%
Norges Bank
12
Norges Bank
Norway
$539M -$36.6M -62,905 -6%
Fiera Capital (Canada)
13
Fiera Capital (Canada)
Quebec, Canada
$537M -$116M -199,447 -17%
Nordea Investment Management
14
Nordea Investment Management
Sweden
$459M -$27M -46,416 -5%
Northern Trust
15
Northern Trust
Illinois
$455M +$11.7M +20,150 +3%
PAM
16
PineStone Asset Management
Quebec, Canada
$450M +$132M +226,283 +40%
Two Sigma Advisers
17
Two Sigma Advisers
New York
$431M +$196M +337,200 +79%
Arrowstreet Capital
18
Arrowstreet Capital
Massachusetts
$417M +$134M +230,270 +45%
Millennium Management
19
Millennium Management
New York
$390M +$246M +423,944 +159%
Fidelity Investments
20
Fidelity Investments
Massachusetts
$385M -$100M -172,733 -20%
AQR Capital Management
21
AQR Capital Management
Connecticut
$366M +$300M +515,713 +356%
Brown Advisory
22
Brown Advisory
Maryland
$362M -$109M -188,067 -23%
JP Morgan Chase
23
JP Morgan Chase
New York
$348M +$27.9M +47,936 +8%
Bessemer Group
24
Bessemer Group
New Jersey
$334M +$1.94M +3,335 +0.6%
Bank of America
25
Bank of America
North Carolina
$321M +$64.5M +110,925 +24%

MSCI Hedge Fund Activity: Q1 2025 in Review

1,077 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in MSCI (MSCI) for Q1 2025, worth a combined $40.3B — down 5.6% from $42.6B a quarter earlier.

Buyers outnumbered sellers: 120 funds opened new MSCI positions and 92 closed out — a net gain of 28 holders — while 403 added to existing stakes and 386 trimmed.

The largest buyer was Vanguard Group, adding an estimated $302M. The largest seller was Sustainable Growth Advisers, cutting an estimated $548M.

  • 1,077 institutional investors held MSCI (MSCI) as of Q1 2025, up from 1,067 in Q4 2024.
  • Funds reported $40.3B of MSCI stock for Q1 2025, down 5.6% quarter-over-quarter.
  • 120 funds opened new MSCI positions in Q1 2025 and 92 closed out, a net change of +28 holders.
  • The largest MSCI buyer in Q1 2025 was Vanguard Group, an estimated $302M added.
  • The largest MSCI seller in Q1 2025 was Sustainable Growth Advisers, an estimated $548M sold.

Based on aggregated 13F filings for Q1 2025.