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1,084 hedge funds and large institutions have $41.2B invested in MSCI in 2025 Q2 according to their latest regulatory filings, with 115 funds opening new positions, 399 increasing their positions, 421 reducing their positions, and 97 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more funds holding in top 10

Funds holding in top 10: 1417 (+3)

19% more first-time investments, than exits

New positions opened: 115 | Existing positions closed: 97

2% more capital invested

Capital invested by funds: $40.3B → $41.2B (+$935M)

1% more funds holding

Funds holding: 1,0771,084 (+7)

0.51% more ownership

Funds ownership: 91.82%92.33% (+0.51%)

5% less repeat investments, than reductions

Existing positions increased: 399 | Existing positions reduced: 421

61% less call options, than puts

Call options by funds: $76.5M | Put options by funds: $198M

Holders
1,084
Holders Change
+7
Holders Change %
+0.65%
% of All Funds
14.27%
Holding in Top 10
17
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+21.43%
% of All Funds
0.22%
New
115
Increased
399
Reduced
421
Closed
97
Calls
$76.5M
Puts
$198M
Net Calls
-$121M
Net Calls Change
-$264M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$5.48B +$72.7M +131,390 +1%
BlackRock
2
BlackRock
New York
$3.39B -$59.6M -107,750 -2%
State Street
3
State Street
Massachusetts
$1.89B +$25.2M +45,547 +1%
BAMCO Inc
4
BAMCO Inc
New York
$1.25B +$54.6M +98,680 +5%
Edgewood Management
5
Edgewood Management
Connecticut
$1.21B -$90.1M -162,795 -7%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$1.15B +$19M +34,335 +2%
Polen Capital Management
7
Polen Capital Management
Florida
$1B -$70.2M -126,749 -7%
Principal Financial Group
8
Principal Financial Group
Iowa
$962M +$23M +41,539 +3%
Morgan Stanley
9
Morgan Stanley
New York
$633M -$45.9M -82,859 -7%
Fiera Capital (Canada)
10
Fiera Capital (Canada)
Quebec, Canada
$559M +$11.4M +20,682 +2%
T. Rowe Price Investment Management
11
T. Rowe Price Investment Management
Maryland
$553M +$466M +842,658 +727%
Norges Bank
12
Norges Bank
Norway
$547M -$2.55M -4,602 -0.5%
American Century Companies
13
American Century Companies
Missouri
$538M -$42.2M -76,329 -8%
PAM
14
PineStone Asset Management
Quebec, Canada
$513M +$52.3M +94,466 +12%
Millennium Management
15
Millennium Management
New York
$470M +$69.4M +125,472 +18%
Two Sigma Advisers
16
Two Sigma Advisers
New York
$467M +$26.3M +47,600 +6%
JP Morgan Chase
17
JP Morgan Chase
New York
$454M +$94.4M +170,551 +28%
Northern Trust
18
Northern Trust
Illinois
$433M -$29.4M -53,094 -7%
Arrowstreet Capital
19
Arrowstreet Capital
Massachusetts
$425M -$607K -1,097 -0.1%
Bank of America
20
Bank of America
North Carolina
$418M +$86.8M +156,891 +28%
AQR Capital Management
21
AQR Capital Management
Connecticut
$380M -$869K -1,570 -0.2%
Nordea Investment Management
22
Nordea Investment Management
Sweden
$366M -$99.9M -180,408 -22%
Fidelity Investments
23
Fidelity Investments
Massachusetts
$358M -$33.4M -60,277 -9%
Massachusetts Financial Services
24
Massachusetts Financial Services
Massachusetts
$346M -$258M -466,957 -44%
Bessemer Group
25
Bessemer Group
New Jersey
$341M -$161K -290 -0%

MSCI Hedge Fund Activity: Q2 2025 in Review

1,084 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in MSCI (MSCI) for Q2 2025, worth a combined $41.2B — up 2.3% from $40.3B a quarter earlier.

Buyers outnumbered sellers: 115 funds opened new MSCI positions and 97 closed out — a net gain of 18 holders — while 399 added to existing stakes and 421 trimmed.

The largest buyer was T. Rowe Price Investment Management, adding an estimated $466M. The largest seller was Brown Advisory, cutting an estimated $347M.

  • 1,084 institutional investors held MSCI (MSCI) as of Q2 2025, up from 1,077 in Q1 2025.
  • Funds reported $41.2B of MSCI stock for Q2 2025, up 2.3% quarter-over-quarter.
  • 115 funds opened new MSCI positions in Q2 2025 and 97 closed out, a net change of +18 holders.
  • The largest MSCI buyer in Q2 2025 was T. Rowe Price Investment Management, an estimated $466M added.
  • The largest MSCI seller in Q2 2025 was Brown Advisory, an estimated $347M sold.

Based on aggregated 13F filings for Q2 2025.