Global X MSCI Norway ETF
NORW
27 hedge funds and large institutions have $7M invested in Global X MSCI Norway ETF in 2025 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 8 reducing their positions, and 5 closing their positions.
20% more call options, than puts
Call options by funds: $4.03M | Put options by funds: $3.36M
7.09% less ownership
Funds ownership: 18.99% → 11.9% (-7.1%)
10% less funds holding
Funds holding: 30 → 27 (-3)
35% less capital invested
Capital invested by funds: $10.8M → $7M (-$3.79M)
38% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 8
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Natural Investments
Windsor,
California
|
+$1.08M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
+$350K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$278K |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$17.6K |
| 5 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
+$17.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$3.56M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$656K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$369K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$361K |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$271K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PS
26
Principal Securities
Des Moines,
Iowa
| $211 | – | – | – |
|
27
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $30 | – | – | – |
|
|
28
Citadel Advisors
Miami,
Florida
| – | -$369K | -12,611 | Closed |
|
|
29
Envestnet Asset Management
Chicago,
Illinois
| – | -$361K | -12,338 | Closed |
|
|
KAS
30
Kestra Advisory Services
Austin,
Texas
| – | -$271K | -9,248 | Closed |
|
|
ZIM
31
Zacks Investment Management
Chicago,
Illinois
| – | -$248K | -8,466 | Closed |
|
32
Raymond James Financial
St Petersburg,
Florida
| – | -$5K | -171 | Closed |
|
NORW Hedge Fund Activity: Q3 2025 in Review
27 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Global X MSCI Norway ETF (NORW) for Q3 2025, worth a combined $7M — down 35% from $10.8M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of NORW and 3 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 5 added.
The largest buyer was Natural Investments, opening a new position worth an estimated $1.08M. The largest seller was Jane Street, cutting an estimated $3.56M.
- 27 institutional investors held Global X MSCI Norway ETF (NORW) as of Q3 2025, down from 30 in Q2 2025.
- Funds reported $7M of Global X MSCI Norway ETF stock for Q3 2025, down 35% quarter-over-quarter.
- 3 funds opened new Global X MSCI Norway ETF positions in Q3 2025 and 5 closed out, a net change of -2 holders.
- The largest Global X MSCI Norway ETF buyer in Q3 2025 was Natural Investments, an estimated $1.08M added.
- The largest Global X MSCI Norway ETF seller in Q3 2025 was Jane Street, an estimated $3.56M sold.
Based on aggregated 13F filings for Q3 2025.