Vault-13

ISHARES INC EWZ

MSCI BRAZIL ETF · ETP · CUSIP 464286400 · ISIN US4642864007

327 institutional holders +35 vs Q3 2023
123,025,385123.0m shares reported held*
$4.2bnreported value*
68 new 92 added 105 reduced 40 sold out net bought ≈ $404.7m (+12.2m 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 ($310.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $34.44. Options: 49 managers hold calls ($2.4bn notional), 31 hold puts ($2.2bn).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 241Q4 22: 262Q1 23: 243Q2 23: 283Q3 23: 292Q4 23: 327327Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022241
Q4 2022262
Q1 2023243
Q2 2023283
Q3 2023292
Q4 2023327

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 23Q2 23: 142 bought or addedQ2 23: 118 cut or sold outQ2 23Q3 23: 142 bought or addedQ3 23: 140 cut or sold outQ3 23Q4 23: 160 bought or addedQ4 23: 145 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022136112
Q1 2023104143
Q2 2023142118
Q3 2023142140
Q4 2023160145

Calls vs puts

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

CallsPuts
$0$1bn$2bn$3bn$4bnQ1 23 calls: $2.4bnQ1 23 puts: $1.8bnQ1 23P/C 0.73Q2 23 calls: $3.8bnQ2 23 puts: $1.7bnQ2 23P/C 0.43Q3 23 calls: $2.8bnQ3 23 puts: $1.3bnQ3 23P/C 0.48Q4 23 calls: $2.4bnQ4 23 puts: $2.2bnQ4 23P/C 0.90
Numbers
QuarterCallsPutsP/C
Q1 2023$2.4bn$1.8bn0.73
Q2 2023$3.8bn$1.7bn0.43
Q3 2023$2.8bn$1.3bn0.48
Q4 2023$2.4bn$2.2bn0.90

Biggest buyers

GOLDMAN SACHS GROUP INC Added +8,625,219+8.6m
MORGAN STANLEY Added +4,098,100+4.1m
Rokos Capital Management LLP Added +3,360,144+3.4m
TWO SIGMA INVESTMENTS, LP Added +2,835,100+2.8m
BANK OF NOVA SCOTIA Added +2,818,566+2.8m
Bridgewater Associates, LP New +2,750,734+2.8m
Man Group plc New +2,408,976+2.4m
TWO SIGMA ADVISERS, LP New +1,666,700+1.7m
OLD MISSION CAPITAL LLC New +1,666,118+1.7m
JPMORGAN CHASE & CO Added +1,173,286+1.2m

Biggest sellers

Caisse de depot et placement du Quebec Sold out -3,637,406-3.6m
MEITAV INVESTMENT HOUSE LTD Reduced -2,825,474-2.8m
Kapitalo Investimentos Ltda Sold out -2,140,401-2.1m
CITADEL ADVISORS LLC Reduced -2,092,296-2.1m
Arctis Global LLC Sold out -1,470,853-1.5m
JANE STREET GROUP, LLC Reduced -1,398,609-1.4m
Mivtachim The Workers Social Insurance Fund Ltd. (Under Special Management) Sold out -1,114,200-1.1m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -1,095,843-1.1m
MARSHALL WACE, LLP Reduced -995,909-995.9k
Phoenix Financial Ltd. Reduced -955,000-955.0k

Biggest calls

JPMORGAN CHASE & CO Added $416.4m11.9m shares
CITADEL ADVISORS LLC Added $305.6m8.7m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $300.9m8.6m shares
Optiver Holding B.V. Reduced $284.4m8.1m shares
GOLDMAN SACHS GROUP INC Reduced $251.1m7.2m shares
Key Square Capital Management LLC New $146.9m4.2m shares
Schonfeld Strategic Advisors LLC Reduced $109.8m3.1m shares
BARCLAYS PLC New $105.8m3.0m shares
JANE STREET GROUP, LLC Reduced $81.3m2.3m shares
BANK OF AMERICA CORP /DE/ Reduced $67.7m1.9m shares

Biggest puts

GOLDMAN SACHS GROUP INC Added $638.5m18.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $516.0m14.8m shares
CITADEL ADVISORS LLC Added $283.2m8.1m shares
UBS Group AG Added $146.3m4.2m shares
Rokos Capital Management LLP New $143.3m4.1m shares
NOMURA HOLDINGS INC Added $141.1m4.0m shares
BANK OF AMERICA CORP /DE/ Added $62.0m1.8m shares
Schonfeld Strategic Advisors LLC Reduced $45.1m1.3m shares
GTS SECURITIES LLC Reduced $37.6m1.1m shares
CITIGROUP INC Reduced $35.0m1.0m 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GOLDMAN SACHS GROUP INC 0.14% of their portfolio NEW YORK, NY 18,758,06118.8m $655.8m $655.8m 0.14% Added +8.6m +8,625,219
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 13,351,83013.4m $466.8m $466.8m 0.02% Added +4.1m +4,098,100
3 State of Tennessee, Department of Treasury 1.04% of their portfolio NASHVILLE, TN 7,561,1787.6m $264.3m $264.3m 1.04% Reduced -275.6k -275,648
4 Rokos Capital Management LLP 4.85% of their portfolio LONDON, X0 4,560,5794.6m $159.4m $159.4m 4.85% Added +3.4m +3,360,144
5 FIL Ltd 0.16% of their portfolio HAMILTON, D0 4,340,6704.3m $151.7m $151.7m 0.16% Added +351.2k +351,165
6 BANK OF NOVA SCOTIA 0.23% of their portfolio TORONTO, A6 3,552,8533.6m $124.2m $124.2m 0.23% Added +2.8m +2,818,566
7 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 3,449,2093.4m $120.6m $120.6m 0.01% Reduced -483.1k -483,070
8 Vinland Capital Management Gestora de Recursos LTDA. 10.34% of their portfolio SAO PAULO, D5 3,100,4213.1m $39.7m $39.7m 10.34% First filing
9 PointState Capital LP 3.71% of their portfolio New York, NY 2,959,3943.0m $103.5m $103.5m 3.71% Reduced -97.9k -97,852
10 TWO SIGMA INVESTMENTS, LP 0.24% of their portfolio NEW YORK, NY 2,863,5002.9m $100.1m $100.1m 0.24% Added +2.8m +2,835,100
11 MBB PUBLIC MARKETS I LLC 6.02% of their portfolio CHICAGO, IL 2,794,9032.8m $97.7m $97.7m 6.02% Reduced -926.4k -926,426
12 Bridgewater Associates, LP 0.54% of their portfolio Westport, CT 2,750,7342.8m $96.2m $96.2m 0.54% New
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,740,0702.7m $95.8m $95.8m 0.00% Added +1.2m +1,173,286
14 UBS Group AG 0.04% of their portfolio ZURICH, V8 2,666,4002.7m $93.2m $93.2m 0.04% Added +137.9k +137,899
15 Man Group plc 0.24% of their portfolio LONDON, X0 2,408,9762.4m $84.2m $84.2m 0.24% New
16 Temasek Holdings (Private) Ltd 0.45% of their portfolio SINGAPORE, U0 2,281,8602.3m $79.8m $79.8m 0.45% Unchanged
17 JANE STREET GROUP, LLC 0.07% of their portfolio NEW YORK, NY 1,683,5471.7m $58.9m $58.9m 0.07% Reduced -1.4m -1,398,609
18 TWO SIGMA ADVISERS, LP 0.14% of their portfolio NEW YORK, NY 1,666,7001.7m $58.3m $58.3m 0.14% New
19 OLD MISSION CAPITAL LLC 1.63% of their portfolio CHICAGO, IL 1,666,1181.7m $58.2m $58.2m 1.63% New
20 Morningstar Investment Services LLC 0.31% of their portfolio CHICAGO, IL 1,565,8601.6m $55.0m $55.0m 0.31% Added +771.1k +771,053
21 BNP PARIBAS FINANCIAL MARKETS 0.09% of their portfolio PARIS, I0 1,459,3321.5m $51.0m $51.0m 0.09% Reduced -88.0k -87,982
22 Rafferty Asset Management, LLC 0.21% of their portfolio New York, NY 1,391,1481.4m $48.6m $48.6m 0.21% Reduced -325.8k -325,764
23 BlackRock Inc. 0.00% of their portfolio New York, NY 1,186,8111.2m $41.5m $41.5m 0.00% Reduced -11 -11
24 Korea Investment CORP 0.11% of their portfolio SEOUL, M5 1,163,5301.2m $40.7m $40.7m 0.11% Added +37.7k +37,725
25 BARCLAYS PLC 0.02% of their portfolio LONDON, X0 1,153,6781.2m $40.3m $40.3m 0.02% Added +450.8k +450,798
26 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio BOSTON, MA 1,125,5901.1m $39.4m $39.4m 0.04% Added +543.2k +543,176
27 Provida Pension Fund Administrator 0.96% of their portfolio LAS CONDES, SANTIAGO, F3 988,435988.4k $34.5m $34.5m 0.96% Added +311.2k +311,250
28 Phoenix Financial Ltd. 0.62% of their portfolio Givatayim, L3 955,000955.0k $37.6m $37.6m 0.62% Reduced -955.0k -955,000
29 CITIGROUP INC 0.04% of their portfolio NEW YORK, NY 925,410925.4k $32.4m $32.4m 0.04% Reduced -605.1k -605,069
30 Tradewinds Capital Management, LLC 12.55% of their portfolio BELLINGHAM, WA 902,495902.5k $31.6m $31.6m 12.55% Added +585.6k +585,614
31 CREDIT SUISSE AG/ 0.03% of their portfolio ZURICH, V8 803,149803.1k $28.1m $28.1m 0.03% Added +223.0k +223,011
32 Ilmarinen Mutual Pension Insurance Co 0.36% of their portfolio HELSINKI, H9 762,642762.6k $26.7m $26.7m 0.36% Unchanged
33 Alaska Permanent Fund Corp 0.43% of their portfolio JUNEAU, AK 741,827741.8k $25.9m $25.9m 0.43% Unchanged
34 Optiver Holding B.V. 0.68% of their portfolio AMSTERDAM, P7 649,242649.2k $22.7m $22.7m 0.68% Reduced -67.3k -67,327
35 New Harbor Financial Group, LLC 9.60% of their portfolio WORCESTER, MA 618,867618.9k $21.6m $21.6m 9.60% Added +13.0k +13,021
36 VPR Management LLC 5.50% of their portfolio HOUSTON, TX 606,500606.5k $21.2m $21.2m 5.50% Reduced -640.4k -640,437
37 DRW Securities, LLC 0.59% of their portfolio CHICAGO, IL 556,710556.7k $19.5m $19.5m 0.59% Added +268.1k +268,127
38 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 540,683540.7k $18.9m $18.9m 0.01% Added +99.0k +98,962
39 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 527,996528.0k $18.5m $18.5m 0.03% Reduced -1.1m -1,095,843
40 Twin Tree Management, LP 0.33% of their portfolio DALLAS, TX 517,052517.1k $18.1m $18.1m 0.33% New
41 MEITAV INVESTMENT HOUSE LTD 0.26% of their portfolio BENE-BERAQ, L3 510,570510.6k $17.8m $17.8m 0.26% Reduced -2.8m -2,825,474
42 RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio NEW YORK, NY 484,600484.6k $16.9m $16.9m 0.03% New
43 Millburn Ridgefield LLC /DE/ 0.50% of their portfolio New York, NY 470,558470.6k $16.5m $16.5m 0.50% Reduced -59.4k -59,393
44 Catalyst Capital Advisors LLC 0.44% of their portfolio San Juan, PR 470,558470.6k $16.5m $16.5m 0.44% Reduced -59.4k -59,393
45 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 468,448468.4k $16.4m $16.4m 0.00% Reduced -306.3k -306,292
46 Avanda Investment Management Pte. Ltd. 1.58% of their portfolio SINGAPORE, U0 463,509463.5k $16.2m $16.2m 1.58% First filing
47 Itau Unibanco Holding S.A. 0.51% of their portfolio SAO PAULO, D5 443,100443.1k $15.5m $15.5m 0.51% New
48 Susquehanna International Group Ltd. 3.43% of their portfolio DUBLIN, L2 429,474429.5k $15.0m $15.0m 3.43% New
49 GOLDENTREE ASSET MANAGEMENT LP 1.53% of their portfolio NEW YORK, NY 420,308420.3k $14.7m $14.7m 1.53% Added +45.3k +45,308
50 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.17% of their portfolio Madrid, U3 418,362418.4k $14.6m $14.6m 0.17% Reduced -346.3k -346,270
51 DISCOVERY CAPITAL MANAGEMENT, LLC / CT 2.08% of their portfolio SOUTH NORWALK, CT 392,700392.7k $13.7m $13.7m 2.08% New
52 Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD 0.91% of their portfolio Tel Aviv, L3 378,172378.2k $13.2m $13.2m 0.91% Reduced -174.9k -174,880
53 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 369,634369.6k $12.9m $12.9m 0.01% Added +83.5k +83,505
54 AlTi Global, Inc. 0.31% of their portfolio NEW YORK, NY 289,028289.0k $10.1m $10.1m 0.31% First filing
55 AFFINITY WEALTH MANAGEMENT LLC 2.04% of their portfolio WILMINGTON, DE 283,978284.0k $9.9m $9.9m 2.04% Added +17.4k +17,380
56 MYDA Advisors LLC 4.04% of their portfolio WOODMERE, NY 270,000270.0k $9.4m $9.4m 4.04% Reduced -130.0k -130,000
57 Glovista Investments LLC 4.38% of their portfolio JERSEY CITY, NJ 269,068269.1k $9.4m $9.4m 4.38% Reduced -28.5k -28,543
58 SPINNAKER TRUST 0.64% of their portfolio PORTLAND, ME 268,978269.0k $9.4m $9.4m 0.64% Added +3.9k +3,891
59 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 253,550253.6k $8.9m $8.9m 0.01% Added +47.5k +47,465
60 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 252,772252.8k $8.8m $8.8m 0.01% Reduced -69.1k -69,051
61 BANQUE PICTET & CIE SA 0.10% of their portfolio GENEVA 73, V8 251,935251.9k $8.8m $8.8m 0.10% Added +17.1k +17,111
62 STRS OHIO 0.03% of their portfolio COLUMBUS, OH 240,000240.0k $8.4m $8.4m 0.03% Unchanged
63 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 235,938235.9k $8.3m $8.3m 0.01% Added +23.7k +23,680
64 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 232,624232.6k $8.1m $8.1m 0.00% Added +99.7k +99,672
65 BlueCrest Capital Management Ltd 1.36% of their portfolio ST HELIER, Y9 232,082232.1k $8.1m $8.1m 1.36% New
66 CIBC WORLD MARKET INC. 0.02% of their portfolio TORONTO, A6 224,512224.5k $7.8m $7.8m 0.02% Added +35.9k +35,904
67 Venture Visionary Partners LLC 0.40% of their portfolio Sylvania, OH 218,153218.2k $7.6m $7.6m 0.40% Added +83.6k +83,625
68 Whitcomb & Hess, Inc. 2.57% of their portfolio ASHLAND, OH 213,862213.9k $7.5m $7.5m 2.57% Reduced -322 -322
69 ING GROEP NV 0.06% of their portfolio AMSTERDAM, P7 202,590202.6k $7.1m $7.1m 0.06% Unchanged
70 JGP Global Gestao de Recursos Ltda. 4.19% of their portfolio RIO DE JANEIRO, D5 200,000200.0k $7.0m $7.0m 4.19% New
71 Wealth High Governance Capital Ltda 3.01% of their portfolio SAO PAULO, D5 200,000200.0k $7.0m $7.0m 3.01% Reduced -500.0k -500,000
72 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 195,519195.5k $6.8m $6.8m 0.01% Reduced -2.1m -2,092,296
73 Private Wealth Advisors, LLC 2.94% of their portfolio Fresno, CA 195,121195.1k $6.8m $6.8m 2.94% Reduced -5.9k -5,859
74 NATIXIS 0.05% of their portfolio PARIS, I0 194,347194.3k $6.8m $6.8m 0.05% Added +187.6k +187,647
75 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 192,073192.1k $6.7m $6.7m 0.00% Added +4.8k +4,804
76 Stratos Wealth Advisors, LLC 0.38% of their portfolio BEACHWOOD, OH 187,276187.3k $6.5m $6.5m 0.38% Added +6.6k +6,552
77 Pekin Hardy Strauss, Inc. 0.95% of their portfolio CHICAGO, IL 181,232181.2k $6.3m $6.3m 0.95% Added +7.9k +7,923
78 WEXFORD CAPITAL LP 1.34% of their portfolio WEST PALM BEACH, FL 178,993179.0k $6.3m $6.3m 1.34% New
79 Herr Investment Group LLC 1.64% of their portfolio AUSTIN, TX 175,000175.0k $6.1m $6.1m 1.64% Added +25.0k +25,000
80 Key Square Capital Management LLC 31.98% of their portfolio Stamford, CT 168,374168.4k $5.9m $5.9m 31.98% New
81 GREENWOOD CAPITAL ASSOCIATES LLC 0.35% of their portfolio GREENWOOD, SC 154,988155.0k $5.4m $5.4m 0.35% Added +75.8k +75,813
82 DFPG INVESTMENTS, LLC 0.41% of their portfolio SANDY, UT 153,244153.2k $5.3m $5.3m 0.41% New
83 Allspring Global Investments Holdings, LLC 0.01% of their portfolio CHARLOTTE, NC 152,742152.7k $5.3m $5.3m 0.01% Added +28.7k +28,688
84 Weiss Multi-Strategy Advisers LLC 0.13% of their portfolio NEW YORK, NY 148,760148.8k $5.2m $5.2m 0.13% Reduced -106.2k -106,240
85 Maxi Investments CY Ltd 1.45% of their portfolio LIMASSOL, G4 147,495147.5k $5.2m $5.2m 1.45% New
86 Black Swift Group, LLC 1.53% of their portfolio BOULDER, CO 146,221146.2k $5.1m $5.1m 1.53% Reduced -230.5k -230,469
87 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 138,618138.6k $4.8m $4.8m 0.00% Reduced -10.3k -10,292
88 PRUDENTIAL PLC 0.05% of their portfolio LONDON, X0 137,200137.2k $4.8m $4.8m 0.05% New
89 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 132,825132.8k $4.6m $4.6m 0.01% Added +8.0k +8,027
90 Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD 0.92% of their portfolio Tel Aviv, L3 132,398132.4k $4.6m $4.6m 0.92% Reduced -60.9k -60,920
91 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 129,937129.9k $4.5m $4.5m 0.01% Added +8.4k +8,369
92 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 115,823115.8k $4.0m $4.0m 0.01% Reduced -55.7k -55,665
93 PINNBROOK CAPITAL MANAGEMENT LP 0.93% of their portfolio NEW YORK, NY 113,835113.8k $4.0m $4.0m 0.93% New
94 GTS SECURITIES LLC 0.08% of their portfolio NEW YORK, NY 111,565111.6k $3.9m $3.9m 0.08% Reduced -79.2k -79,195
95 American Trust 0.29% of their portfolio LEXINGTON, KY 111,120111.1k $3.9m $3.9m 0.29% Added +68.7k +68,670
96 CREDIT AGRICOLE S A 0.07% of their portfolio Montrouge Cedex, I0 103,331103.3k $3.6m $3.6m 0.07% Reduced -31.6k -31,589
97 Brevan Howard Capital Management LP 0.36% of their portfolio ST. HELIER, Y9 103,040103.0k $3.6m $3.6m 0.36% Reduced -952.0k -951,960
98 ACCESS FINANCIAL SERVICES, INC. 1.85% of their portfolio MINNEAPOLIS, MN 102,658102.7k $3.6m $3.6m 1.85% Added +1.5k +1,496
99 Ionic Capital Management LLC 1.68% of their portfolio NEW YORK, NY 100,971101.0k $3.5m $3.5m 1.68% New
100 Graham Capital Management, L.P. 0.11% of their portfolio ROWAYTON, CT 100,000100.0k $3.5m $3.5m 0.11% New