Vault-13

ISHARES INC EWZ

MSCI BRAZIL ETF · ETP · CUSIP 464286400 · ISIN US4642864007

243 institutional holders -19 vs Q4 2022
98,165,66298.2m shares reported held*
$2.7bnreported value*
44 new 60 added 85 reduced 58 sold out net sold ≈ $185.8m (-6.9m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($20.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $27.43. Options: 41 managers hold calls ($2.4bn notional), 31 hold puts ($1.8bn).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 241Q4 22: 262Q1 23: 243243Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022241
Q4 2022262
Q1 2023243

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 136 bought or addedQ4 22: 112 cut or sold outQ4 22Q1 23: 104 bought or addedQ1 23: 143 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022136112
Q1 2023104143

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1bn$2bn$3bn$4bnQ3 22 calls: $3.3bnQ3 22 puts: $1.5bnQ3 22P/C 0.45Q4 22 calls: $3.0bnQ4 22 puts: $1.1bnQ4 22P/C 0.37Q1 23 calls: $2.4bnQ1 23 puts: $1.8bnQ1 23P/C 0.73
Numbers
QuarterCallsPutsP/C
Q3 2022$3.3bn$1.5bn0.45
Q4 2022$3.0bn$1.1bn0.37
Q1 2023$2.4bn$1.8bn0.73

Biggest buyers

CITADEL ADVISORS LLC Added +2,888,820+2.9m
MORGAN STANLEY Added +1,850,795+1.9m
DOW CHEMICAL CO /DE/ New +1,500,000+1.5m
Caisse de depot et placement du Quebec Added +1,070,273+1.1m
BANK OF AMERICA CORP /DE/ Added +1,033,884+1.0m
ExodusPoint Capital Management, LP New +969,136+969.1k
CITIGROUP INC Added +808,163+808.2k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Added +686,506+686.5k
Graham Capital Management, L.P. Added +683,500+683.5k
CAPITAL FUND MANAGEMENT S.A. Added +606,067+606.1k

Biggest sellers

SG Americas Securities, LLC Reduced -3,310,916-3.3m
GOLDMAN SACHS GROUP INC Reduced -2,521,803-2.5m
CREDIT SUISSE AG/ Reduced -2,345,227-2.3m
Itau Unibanco Holding S.A. Reduced -1,919,314-1.9m
JANE STREET GROUP, LLC Reduced -1,657,923-1.7m
JPMORGAN CHASE & CO Reduced -1,597,136-1.6m
BARCLAYS PLC Reduced -1,503,306-1.5m
OLD MISSION CAPITAL LLC Sold out -1,271,413-1.3m
Optiver Holding B.V. Reduced -1,004,731-1.0m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -811,321-811.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $494.3m18.1m shares
GOLDMAN SACHS GROUP INC Reduced $422.6m15.4m shares
Optiver Holding B.V. Reduced $331.1m12.1m shares
Twin Tree Management, LP Added $328.0m12.0m shares
CITADEL ADVISORS LLC Reduced $150.0m5.5m shares
BANK OF AMERICA CORP /DE/ Added $120.5m4.4m shares
JPMORGAN CHASE & CO Reduced $106.6m3.9m shares
NOMURA HOLDINGS INC Added $84.1m3.1m shares
JANE STREET GROUP, LLC Reduced $68.8m2.5m shares
MILLENNIUM MANAGEMENT LLC Added $56.7m2.1m shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $569.2m20.8m shares
GOLDMAN SACHS GROUP INC Added $470.9m17.2m shares
CITADEL ADVISORS LLC Added $319.2m11.7m shares
BANK OF AMERICA CORP /DE/ Added $128.7m4.7m shares
BARCLAYS PLC Added $59.1m2.2m shares
NOMURA HOLDINGS INC Added $58.2m2.1m shares
WOLVERINE TRADING, LLC New $22.4m808.3k shares
Parallax Volatility Advisers, L.P. Added $21.6m790.2k shares
Lombard Odier Asset Management (USA) Corp New $20.5m750.0k shares
Point72 Asset Management, L.P. New $19.7m720.0k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 State of Tennessee, Department of Treasury 0.92% of their portfolio NASHVILLE, TN 7,535,8877.5m $206.3m $206.3m 0.92% Unchanged
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 7,115,8657.1m $194.8m $194.8m 0.02% Added +1.9m +1,850,795
3 JANE STREET GROUP, LLC 0.30% of their portfolio NEW YORK, NY 6,308,8686.3m $172.7m $172.7m 0.30% Reduced -1.7m -1,657,923
4 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 5,904,3365.9m $161.7m $161.7m 0.02% Reduced -1.6m -1,597,136
5 UBS Group AG 0.06% of their portfolio ZURICH, V8 4,536,6624.5m $124.2m $124.2m 0.06% Reduced -186.3k -186,259
6 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 4,414,2614.4m $120.9m $120.9m 0.03% Reduced -2.5m -2,521,803
7 CITADEL ADVISORS LLC 0.13% of their portfolio MIAMI, FL 4,412,3644.4m $120.8m $120.8m 0.13% Added +2.9m +2,888,820
8 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 4,033,4554.0m $110.4m $110.4m 0.01% Added +1.0m +1,033,884
9 MBB PUBLIC MARKETS I LLC 6.26% of their portfolio CHICAGO, IL 3,946,9183.9m $108.1m $108.1m 6.26% Added +313.4k +313,414
10 Caisse de depot et placement du Quebec 0.27% of their portfolio Montreal, A8 3,474,2063.5m $95.1m $95.1m 0.27% Added +1.1m +1,070,273
11 VPR Management LLC 14.81% of their portfolio HOUSTON, TX 2,595,0372.6m $71.1m $71.1m 14.81% Reduced -188.4k -188,400
12 CREDIT SUISSE AG/ 0.07% of their portfolio ZURICH, V8 2,379,5772.4m $65.2m $65.2m 0.07% Reduced -2.3m -2,345,227
13 BNP PARIBAS FINANCIAL MARKETS 0.12% of their portfolio PARIS, I0 2,082,6932.1m $57.0m $57.0m 0.12% Reduced -349.4k -349,372
14 Rafferty Asset Management, LLC 0.37% of their portfolio New York, NY 2,003,5842.0m $54.9m $54.9m 0.37% Reduced -1.3k -1,297
15 CITIGROUP INC 0.07% of their portfolio NEW YORK, NY 1,860,5871.9m $50.9m $50.9m 0.07% Added +808.2k +808,163
16 BARCLAYS PLC 0.04% of their portfolio LONDON, X0 1,546,0881.5m $42.3m $42.3m 0.04% Reduced -1.5m -1,503,306
17 Korea Investment CORP 0.12% of their portfolio SEOUL, M5 1,520,7621.5m $41.6m $41.6m 0.12% Added +80.0k +80,000
18 DOW CHEMICAL CO /DE/ 7.34% of their portfolio MIDLAND, MI 1,500,0001.5m $41.1m $41.1m 7.34% New
19 TWO SIGMA INVESTMENTS, LP 0.11% of their portfolio NEW YORK, NY 1,406,9471.4m $38.5m $38.5m 0.11% Added +526.6k +526,647
20 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 2.85% of their portfolio London, X0 1,361,0531.4m $37.2m $37.2m 2.85% Reduced -492.0k -492,024
21 BlackRock Inc. 0.00% of their portfolio New York, NY 1,227,3311.2m $33.6m $33.6m 0.00% Added +40.3k +40,343
22 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 1,217,3461.2m $33.3m $33.3m 0.02% Added +686.5k +686,506
23 Provida Pension Fund Administrator 1.31% of their portfolio LAS CONDES, SANTIAGO, F3 1,187,8281.2m $32.9m $32.9m 1.31% Reduced -273.5k -273,511
24 FIL Ltd 0.03% of their portfolio HAMILTON, D0 994,985995.0k $27.2m $27.2m 0.03% Added +12.1k +12,088
25 ExodusPoint Capital Management, LP 0.30% of their portfolio NEW YORK, NY 969,136969.1k $26.5m $26.5m 0.30% New
26 MEITAV INVESTMENT HOUSE LTD 0.46% of their portfolio BENE-BERAQ, L3 944,232944.2k $26.9m $26.9m 0.46% Reduced -101.2k -101,224
27 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 801,398801.4k $21.9m $21.9m 0.03% Reduced -811.3k -811,321
28 CAPITAL FUND MANAGEMENT S.A. 0.42% of their portfolio PARIS, I0 784,333784.3k $21.5m $21.5m 0.42% Added +606.1k +606,067
29 Ilmarinen Mutual Pension Insurance Co 0.29% of their portfolio HELSINKI, H9 762,642762.6k $20.9m $20.9m 0.29% Unchanged
30 Optiver Holding B.V. 0.96% of their portfolio AMSTERDAM, P7 755,999756.0k $20.7m $20.7m 0.96% Reduced -1.0m -1,004,731
31 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 745,626745.6k $20.4m $20.4m 0.01% Added +487.3k +487,314
32 STRS OHIO 0.03% of their portfolio COLUMBUS, OH 720,000720.0k $19.7m $19.7m 0.03% Added +480.0k +480,000
33 Graham Capital Management, L.P. 0.68% of their portfolio ROWAYTON, CT 704,800704.8k $19.3m $19.3m 0.68% Added +683.5k +683,500
34 VR Advisory Services Ltd 5.74% of their portfolio CAMANA BAY, GRAND CAYMAN, E9 644,196644.2k $17.6m $17.6m 5.74% Unchanged
35 SG Americas Securities, LLC 0.23% of their portfolio NEW YORK, NY 631,366631.4k $17.3m $17.3m 0.23% Reduced -3.3m -3,310,916
36 Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD 1.39% of their portfolio Tel Aviv, L3 624,821624.8k $17.3m $17.3m 1.39% Unchanged
37 Millburn Ridgefield LLC /DE/ 0.60% of their portfolio New York, NY 616,776616.8k $16.9m $16.9m 0.60% Added +42.2k +42,157
38 Catalyst Capital Advisors LLC 0.52% of their portfolio San Juan, PR 616,694616.7k $16.9m $16.9m 0.52% Added +42.1k +42,131
39 New Harbor Financial Group, LLC 5.81% of their portfolio WORCESTER, MA 571,920571.9k $15.7m $15.7m 5.81% Added +58.1k +58,067
40 DISCOVERY CAPITAL MANAGEMENT, LLC / CT 2.01% of their portfolio SOUTH NORWALK, CT 542,000542.0k $14.8m $14.8m 2.01% Added +519.4k +519,430
41 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 422,421422.4k $11.5m $11.5m 0.01% Added +96.7k +96,679
42 Rock Creek Group LLC 1.47% of their portfolio Washington, DC 414,361414.4k $11.3m $11.3m 1.47% Unchanged
43 Wealth High Governance Capital Ltda 4.88% of their portfolio SAO PAULO, D5 400,000400.0k $11.0m $11.0m 4.88% New
44 DRW Securities, LLC 1.59% of their portfolio CHICAGO, IL 395,795395.8k $10.8m $10.8m 1.59% Added +298.3k +298,266
45 Squarepoint Ops LLC 0.07% of their portfolio NEW YORK, NY 383,927383.9k $10.5m $10.5m 0.07% Reduced -546.0k -545,990
46 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.13% of their portfolio Madrid, U3 368,940368.9k $10.1m $10.1m 0.13% Reduced -97.8k -97,842
47 BANK OF NOVA SCOTIA 0.03% of their portfolio TORONTO, A6 364,640364.6k $10.0m $10.0m 0.03% Reduced -689.9k -689,904
48 FLOW TRADERS U.S. LLC 0.37% of their portfolio NEW YORK, NY 336,445336.4k $9.2m $9.2m 0.37% Added +292.4k +292,364
49 Glovista Investments LLC 4.88% of their portfolio JERSEY CITY, NJ 293,470293.5k $8.0m $8.0m 4.88% Reduced -7.8k -7,843
50 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 278,031278.0k $7.6m $7.6m 0.01% Added +138.5k +138,481
51 SPINNAKER TRUST 0.54% of their portfolio PORTLAND, ME 259,711259.7k $7.1m $7.1m 0.54% New
52 Amia Capital LLP 18.56% of their portfolio LONDON, X0 250,000250.0k $6.8m $6.8m 18.56% New
53 BANQUE PICTET & CIE SA 0.06% of their portfolio GENEVA 73, V8 232,664232.7k $6.4m $6.4m 0.06% Added +11.6k +11,615
54 Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD 1.40% of their portfolio Tel Aviv, L3 222,081222.1k $6.1m $6.1m 1.40% Unchanged
55 NAN FUNG TRINITY (HK) LTD 1.56% of their portfolio CENTRAL, HONG KONG, K3 214,000214.0k $5.9m $5.9m 1.56% New
56 Whitcomb & Hess, Inc. 2.17% of their portfolio ASHLAND, OH 208,835208.8k $5.7m $5.7m 2.17% Added +8.2k +8,228
57 Private Wealth Advisors, LLC 2.38% of their portfolio Fresno, CA 204,446204.4k $5.6m $5.6m 2.38% Added +40.1k +40,116
58 Lombard Odier Asset Management (USA) Corp 0.92% of their portfolio New York, NY 202,833202.8k $5.6m $5.6m 0.92% New
59 ING GROEP NV 0.05% of their portfolio AMSTERDAM, P7 202,590202.6k $5.5m $5.5m 0.05% Unchanged
60 OLD SECOND NATIONAL BANK OF AURORA 1.61% of their portfolio AURORA, IL 201,724201.7k $5.5m $5.5m 1.61% Added +20.1k +20,050
61 AFFINITY WEALTH MANAGEMENT LLC 1.28% of their portfolio WILMINGTON, DE 199,343199.3k $5.5m $5.5m 1.28% New
62 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 198,659198.7k $5.5m $5.5m 0.01% Added +29.7k +29,738
63 Stratos Wealth Advisors, LLC 0.40% of their portfolio BEACHWOOD, OH 189,597189.6k $5.2m $5.2m 0.40% Reduced -64.1k -64,073
64 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 188,470188.5k $5.2m $5.2m 0.00% Reduced -336.8k -336,774
65 Allspring Global Investments Holdings, LLC 0.01% of their portfolio CHARLOTTE, NC 176,527176.5k $4.8m $4.8m 0.01% Reduced -69.9k -69,891
66 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 174,700174.7k $4.8m $4.8m 0.01% Reduced -3.4k -3,400
67 Itau Unibanco Holding S.A. 0.23% of their portfolio SAO PAULO, D5 170,261170.3k $4.7m $4.7m 0.23% Reduced -1.9m -1,919,314
68 KLK CAPITAL MANAGEMENT LLC 5.61% of their portfolio LOS ANGELES, CA 162,145162.1k $4.4m $4.4m 5.61% Added +818 +818
69 Banco Santander, S.A. 0.06% of their portfolio Madrid, U3 160,434160.4k $4.4m $4.4m 0.06% Reduced -7.3k -7,328
70 Pekin Hardy Strauss, Inc. 0.68% of their portfolio CHICAGO, IL 159,827159.8k $4.4m $4.4m 0.68% Reduced -18.6k -18,565
71 Herr Investment Group LLC 1.02% of their portfolio AUSTIN, TX 150,000150.0k $4.1m $4.1m 1.02% New
72 WOLVERINE TRADING, LLC 0.12% of their portfolio CHICAGO, IL 141,763141.8k $3.9m $3.9m 0.12% New
73 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 129,449129.4k $3.5m $3.5m 0.00% Reduced -305.7k -305,698
74 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 128,357128.4k $3.5m $3.5m 0.00% New
75 Veltria Advisors Corp. 1.36% of their portfolio MIAMI, FL 123,871123.9k $3.4m $3.4m 1.36% Unchanged
76 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 122,483122.5k $3.4m $3.4m 0.01% Added +54.7k +54,695
77 NOMURA ASSET MANAGEMENT CO LTD 0.02% of their portfolio TOKYO, M0 118,200118.2k $3.2m $3.2m 0.02% Reduced -26.4k -26,400
78 CX Institutional 0.16% of their portfolio AUBURN, IN 111,928111.9k $3.1m $3.1m 0.16% Reduced -64.7k -64,725
79 MOON CAPITAL MANAGEMENT LP 3.01% of their portfolio NEW YORK, NY 109,597109.6k $3.0m $3.0m 3.01% Added +100.0k +100,000
80 Venture Visionary Partners LLC 0.19% of their portfolio Sylvania, OH 109,550109.5k $3.0m $3.0m 0.19% New
81 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 101,713101.7k $2.8m $2.8m 0.00% New
82 Zurich Insurance Group Ltd/FI 0.03% of their portfolio ZURICH, V8 100,870100.9k $2.8m $2.8m 0.03% Reduced -3.8k -3,797
83 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 90,04790.0k $2.5m $2.5m 0.00% Added +52.1k +52,130
84 One River Asset Management, LLC 1.82% of their portfolio STAMFORD, CT 89,11789.1k $2.5m $2.5m 1.82% Reduced -1.2k -1,250
85 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 85,82485.8k $2.3m $2.3m 0.01% Reduced -13.5k -13,511
86 Knollwood Investment Advisory, LLC 0.73% of their portfolio HUNT VALLEY, MD 77,76677.8k $2.1m $2.1m 0.73% Unchanged
87 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 76,33176.3k $2.1m $2.1m 0.00% Reduced -11.4k -11,400
88 Centiva Capital, LP 0.11% of their portfolio New York, NY 75,00075.0k $2.1m $2.1m 0.11% New
89 Hosking Partners LLP 0.09% of their portfolio LONDON, X0 71,01571.0k $1.9m $1.9m 0.09% New
90 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 64,13364.1k $1.8m $1.8m 0.00% Reduced -665 -665
91 River Street Advisors LLC 1.71% of their portfolio AURORA, IL 63,62163.6k $1.7m $1.7m 1.71% Added +2.7k +2,704
92 SOL Capital Management CO 0.28% of their portfolio ROCKVILLE, MD 62,04562.0k $1.7m $1.7m 0.28% Reduced -800 -800
93 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 61,43261.4k $1.7m $1.7m 0.00% Added +34.1k +34,052
94 EVERGREEN CAPITAL MANAGEMENT LLC 0.07% of their portfolio Bellevue, WA 60,17060.2k $1.6m $1.6m 0.07% Added +3.4k +3,425
95 INSIGNEO ADVISORY SERVICES, LLC 0.52% of their portfolio MIAMI, FL 59,81659.8k $1.6m $1.6m 0.52% Added +44.3k +44,281
96 BLUEFIN CAPITAL MANAGEMENT, LLC 0.23% of their portfolio NEW YORK, NY 58,99159.0k $1.6m $1.6m 0.23% New
97 Privium Fund Management (UK) Ltd 1.23% of their portfolio LONDON, X0 56,44456.4k $1.6m $1.6m 1.23% Unchanged
98 TWO SIGMA SECURITIES, LLC 0.13% of their portfolio NEW YORK, NY 55,51455.5k $1.5m $1.5m 0.13% New
99 Trium Capital LLP 0.64% of their portfolio LONDON, X0 55,47655.5k $1.5m $1.5m 0.64% New
100 CREDIT AGRICOLE S A 0.06% of their portfolio Montrouge Cedex, I0 53,91953.9k $1.5m $1.5m 0.06% Reduced -22.3k -22,326