Vault-13

ISHARES INC EWZ

MSCI BRAZIL ETF · ETP · CUSIP 464286400 · ISIN US4642864007

242 institutional holders +4 vs Q3 2024
104,801,948104.8m shares reported held*
$2.3bnreported value*
51 new 66 added 65 reduced 60 sold out net bought ≈ $329.6m (+16.9m 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 ($158 this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $22.03. Options: 57 managers hold calls ($3.3bn notional), 34 hold puts ($1.7bn).

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 241Q4 22: 262Q1 23: 243Q2 23: 283Q3 23: 292Q4 23: 327Q1 24: 292Q2 24: 257Q3 24: 238Q4 24: 242242Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 2022241
Q4 2022262
Q1 2023243
Q2 2023283
Q3 2023292
Q4 2023327
Q1 2024292
Q2 2024257
Q3 2024238
Q4 2024242

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 23: 104 bought or addedQ1 23: 143 cut or sold outQ2 23: 142 bought or addedQ2 23: 118 cut or sold outQ2 23Q3 23: 142 bought or addedQ3 23: 140 cut or sold outQ4 23: 160 bought or addedQ4 23: 145 cut or sold outQ4 23Q1 24: 136 bought or addedQ1 24: 174 cut or sold outQ2 24: 131 bought or addedQ2 24: 159 cut or sold outQ2 24Q3 24: 88 bought or addedQ3 24: 140 cut or sold outQ4 24: 117 bought or addedQ4 24: 125 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 2023104143
Q2 2023142118
Q3 2023142140
Q4 2023160145
Q1 2024136174
Q2 2024131159
Q3 202488140
Q4 2024117125

Calls vs puts

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

CallsPuts
$0$1bn$2bn$3bn$4bnQ1 24 calls: $2.4bnQ1 24 puts: $2.0bnQ1 24P/C 0.83Q2 24 calls: $2.7bnQ2 24 puts: $2.4bnQ2 24P/C 0.87Q3 24 calls: $3.7bnQ3 24 puts: $2.7bnQ3 24P/C 0.72Q4 24 calls: $3.3bnQ4 24 puts: $1.7bnQ4 24P/C 0.51
Numbers
QuarterCallsPutsP/C
Q1 2024$2.4bn$2.0bn0.83
Q2 2024$2.7bn$2.4bn0.87
Q3 2024$3.7bn$2.7bn0.72
Q4 2024$3.3bn$1.7bn0.51

Biggest buyers

MORGAN STANLEY Added +6,003,840+6.0m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +5,685,421+5.7m
UBS Group AG Added +4,520,537+4.5m
Optiver Holding B.V. Added +3,507,076+3.5m
Provida Pension Fund Administrator Added +3,506,920+3.5m
CITIGROUP INC Added +2,928,698+2.9m
Vinland Capital Management Gestora de Recursos LTDA. New +2,248,074+2.2m
JANE STREET GROUP, LLC Added +1,828,710+1.8m
Rafferty Asset Management, LLC Added +1,652,786+1.7m
Schonfeld Strategic Advisors LLC Added +1,588,890+1.6m

Biggest sellers

JPMORGAN CHASE & CO Reduced -5,052,917-5.1m
GOLDMAN SACHS GROUP INC Reduced -4,325,616-4.3m
FIL Ltd Sold out -2,679,344-2.7m
TWO SIGMA INVESTMENTS, LP Sold out -1,956,700-2.0m
ExodusPoint Capital Management, LP Reduced -1,401,262-1.4m
OLD MISSION CAPITAL LLC Sold out -1,383,551-1.4m
BANK OF NOVA SCOTIA Reduced -1,361,729-1.4m
Itau Unibanco Holding S.A. Sold out -1,189,412-1.2m
Squarepoint Ops LLC Reduced -1,138,695-1.1m
Ilmarinen Mutual Pension Insurance Co Sold out -762,642-762.6k

Biggest calls

Rokos Capital Management LLP New $695.0m30.9m shares
GOLDMAN SACHS GROUP INC Reduced $324.2m14.4m shares
Optiver Holding B.V. Reduced $263.2m11.7m shares
Squarepoint Ops LLC Reduced $204.4m9.1m shares
BANK OF AMERICA CORP /DE/ Added $200.0m8.9m shares
CITADEL ADVISORS LLC Reduced $196.0m8.7m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $150.8m6.7m shares
BW Gestao de Investimentos Ltda. New $150.8m6.7m shares
NOMURA HOLDINGS INC Added $148.8m6.6m shares
JPMORGAN CHASE & CO Reduced $141.0m6.3m shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $332.6m14.8m shares
BANK OF AMERICA CORP /DE/ Added $284.4m12.6m shares
Squarepoint Ops LLC Reduced $197.3m8.8m shares
GOLDMAN SACHS GROUP INC Reduced $115.0m5.1m shares
Schonfeld Strategic Advisors LLC Added $111.4m5.0m shares
CITADEL ADVISORS LLC Reduced $105.5m4.7m shares
UBS Group AG Reduced $81.9m3.6m shares
BNP PARIBAS FINANCIAL MARKETS Reduced $61.2m27.2k shares
NOMURA HOLDINGS INC Reduced $57.3m2.5m shares
Parallax Volatility Advisers, L.P. Added $53.8m2.4m 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 12,114,77812.1m $272.7m $272.7m 0.02% Added +6.0m +6,003,840
2 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.25% of their portfolio BALA CYNWYD, PA 7,577,1057.6m $170.6m $170.6m 0.25% Added +5.7m +5,685,421
3 State of Tennessee, Department of Treasury 0.62% of their portfolio NASHVILLE, TN 7,562,6057.6m $170.2m $170.2m 0.62% Reduced -196.8k -196,779
4 UBS Group AG 0.04% of their portfolio ZURICH, V8 7,336,2307.3m $165.1m $165.1m 0.04% Added +4.5m +4,520,537
5 Provida Pension Fund Administrator 2.43% of their portfolio LAS CONDES, SANTIAGO, F3 5,296,1355.3m $119.2m $119.2m 2.43% Added +3.5m +3,506,920
6 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 5,158,7475.2m $116.1m $116.1m 0.01% Reduced -5.1m -5,052,917
7 CITIGROUP INC 0.09% of their portfolio NEW YORK, NY 4,146,9514.1m $93.3m $93.3m 0.09% Added +2.9m +2,928,698
8 Optiver Holding B.V. 2.98% of their portfolio AMSTERDAM, P7 4,097,8034.1m $92.2m $92.2m 2.98% Added +3.5m +3,507,076
9 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 3,521,3053.5m $79.3m $79.3m 0.02% Reduced -4.3m -4,325,616
10 Rafferty Asset Management, LLC 0.27% of their portfolio New York, NY 3,444,8303.4m $77.5m $77.5m 0.27% Added +1.7m +1,652,786
11 BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio PARIS, I0 3,182,5633.2m $71.6m $71.6m 0.06% Added +993.9k +993,902
12 Phoenix Financial Ltd. 0.92% of their portfolio Givatayim, L3 2,985,7143.0m $67.2m $67.2m 0.92% Unchanged
13 Vinland Capital Management Gestora de Recursos LTDA. 10.34% of their portfolio SAO PAULO, D5 2,248,0742.2m $99.9k $99.9k 10.34% New
14 BARCLAYS PLC 0.02% of their portfolio LONDON, X0 2,002,2772.0m $45.1m $45.1m 0.02% Added +999.2k +999,180
15 Schonfeld Strategic Advisors LLC 0.28% of their portfolio NEW YORK, NY 1,943,2101.9m $43.7m $43.7m 0.28% Added +1.6m +1,588,890
16 JANE STREET GROUP, LLC 0.07% of their portfolio NEW YORK, NY 1,890,9221.9m $42.6m $42.6m 0.07% Added +1.8m +1,828,710
17 SG Americas Securities, LLC 0.18% of their portfolio NEW YORK, NY 1,882,2081.9m $42.4m $42.4m 0.18% Added +141.3k +141,277
18 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.38% of their portfolio Madrid, U3 1,616,7141.6m $36.4m $36.4m 0.38% Added +605.1k +605,127
19 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio BOSTON, MA 1,444,5131.4m $32.5m $32.5m 0.03% New
20 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,348,8621.3m $30.4m $30.4m 0.00% Reduced -368.1k -368,093
21 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 1,063,2641.1m $23.9m $23.9m 0.02% Added +546.0k +546,008
22 Korea Investment CORP 0.06% of their portfolio SEOUL, M5 1,062,8201.1m $23.9m $23.9m 0.06% Reduced -293.0k -293,000
23 MBB PUBLIC MARKETS I LLC 2.58% of their portfolio CHICAGO, IL 966,105966.1k $21.7m $21.7m 2.58% Added +90.7k +90,669
24 COMPASS ROSE ASSET MANAGEMENT, LP 9.92% of their portfolio New York, NY 900,000900.0k $20.3m $20.3m 9.92% New
25 Millburn Ridgefield LLC /DE/ 0.51% of their portfolio New York, NY 896,780896.8k $20.2m $20.2m 0.51% Added +273.1k +273,150
26 Catalyst Capital Advisors LLC 0.43% of their portfolio San Juan, PR 896,780896.8k $20.2m $20.2m 0.43% Added +273.1k +273,150
27 Money Design Co.,Ltd. 0.99% of their portfolio TOKYO, M0 853,425853.4k $19.3m $19.3m 0.99% New
28 CREDIT INDUSTRIEL ET COMMERCIAL 4.76% of their portfolio PARIS FRANCE, I0 803,042803.0k $18.1m $18.1m 4.76% First filing
29 BW Gestao de Investimentos Ltda. 0.80% of their portfolio SAO PAULO, D5 760,000760.0k $17.1m $17.1m 0.80% New
30 BlackRock, Inc. 0.00% of their portfolio New York, NY 720,631720.6k $16.2m $16.2m 0.00% Reduced -36.8k -36,791
31 Alberta Investment Management Corp 0.10% of their portfolio EDMONTON, A0 690,193690.2k $15.5m $15.5m 0.10% Unchanged
32 ADAPT Investment Managers SA 5.85% of their portfolio Geneva, V8 559,650559.6k $12.6m $12.6m 5.85% First filing
33 VPR Management LLC 5.79% of their portfolio HOUSTON, TX 493,400493.4k $11.1m $11.1m 5.79% Reduced -107.5k -107,500
34 Parallax Volatility Advisers, L.P. 0.21% of their portfolio San Francisco, CA 416,041416.0k $9.4m $9.4m 0.21% New
35 SUSQUEHANNA FINANCIAL GROUP, LLLP 85.03% of their portfolio BALA CYNWYD, PA 410,656410.7k $9.2m $9.2m 85.03% First filing
36 Kawa Capital Management, Inc 24.41% of their portfolio HALLANDALE BEACH, FL 400,000400.0k $9.0m $9.0m 24.41% First filing
37 CAPITAL FUND MANAGEMENT S.A. 0.09% of their portfolio PARIS, I0 395,710395.7k $8.9m $8.9m 0.09% Reduced -631.2k -631,176
38 CAPSTONE INVESTMENT ADVISORS, LLC 0.08% of their portfolio NEW YORK, NY 374,301374.3k $8.4m $8.4m 0.08% New
39 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 371,824371.8k $8.4m $8.4m 0.01% Added +166.3k +166,270
40 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 369,618369.6k $8.3m $8.3m 0.01% Added +192.3k +192,280
41 CREDIT AGRICOLE S A 0.03% of their portfolio Montrouge Cedex, I0 368,496368.5k $8.3m $8.3m 0.03% Added +211.8k +211,816
42 STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio MADISON, WI 341,900341.9k $7.7m $7.7m 0.02% Unchanged
43 GTS SECURITIES LLC 0.36% of their portfolio NEW YORK, NY 328,431328.4k $7.4m $7.4m 0.36% Reduced -43.1k -43,145
44 SIMPLEX TRADING, LLC 0.20% of their portfolio CHICAGO, IL 313,699313.7k $7.1m $7.1m 0.20% Reduced -75.4k -75,446
45 Banco Santander, S.A. 0.08% of their portfolio Madrid, U3 302,925302.9k $6.8m $6.8m 0.08% Added +203.2k +203,191
46 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 291,509291.5k $6.6m $6.6m 0.00% Added +49.7k +49,735
47 STRS OHIO 0.02% of their portfolio COLUMBUS, OH 272,000272.0k $6.1m $6.1m 0.02% Added +32.0k +32,000
48 Polianta Ltd 2.68% of their portfolio ST HELIER, Y9 249,600249.6k $5.6m $5.6m 2.68% New
49 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 248,369248.4k $5.6m $5.6m 0.01% Reduced -1.1m -1,138,695
50 BANQUE PICTET & CIE SA 0.05% of their portfolio GENEVA 73, V8 244,395244.4k $5.5m $5.5m 0.05% Unchanged
51 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 244,248244.2k $5.5m $5.5m 0.01% Added +68.5k +68,536
52 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 241,796241.8k $5.4m $5.4m 0.01% Added +31.6k +31,578
53 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 238,785238.8k $5.4m $5.4m 0.00% Added +7.3k +7,324
54 Avanda Investment Management Pte. Ltd. 1.70% of their portfolio SINGAPORE, U0 236,714236.7k $5.3m $5.3m 1.70% Reduced -64.9k -64,856
55 Whitcomb & Hess, Inc. 1.63% of their portfolio ASHLAND, OH 234,292234.3k $5.3m $5.3m 1.63% Reduced -31.7k -31,732
56 EVERGREEN CAPITAL MANAGEMENT LLC 0.17% of their portfolio Bellevue, WA 229,234229.2k $5.2m $5.2m 0.17% Reduced -5.6k -5,592
57 BANK OF NOVA SCOTIA 0.01% of their portfolio TORONTO, A6 228,071228.1k $5.1m $5.1m 0.01% Reduced -1.4m -1,361,729
58 Cubist Systematic Strategies, LLC 0.08% of their portfolio STAMFORD, CT 211,153211.2k $4.8m $4.8m 0.08% New
59 Cairn Investment Group, Inc. 2.72% of their portfolio VANCOUVER, WA 205,830205.8k $4.6m $4.6m 2.72% Reduced -4.8k -4,820
60 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 202,900202.9k $4.6m $4.6m 0.01% New
61 WEXFORD CAPITAL LP 1.15% of their portfolio WEST PALM BEACH, FL 200,000200.0k $4.5m $4.5m 1.15% New
62 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 189,103189.1k $4.3m $4.3m 0.00% First filing
63 PEAK6 LLC 0.15% of their portfolio AUSTIN, TX 175,370175.4k $3.9m $3.9m 0.15% First filing
64 LMR Partners LLP 0.07% of their portfolio LONDON, X0 167,576167.6k $3.8m $3.8m 0.07% Added +66.0k +66,000
65 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 163,859163.9k $3.7m $3.7m 0.00% Reduced -178.2k -178,201
66 DRW Securities, LLC 0.24% of their portfolio CHICAGO, IL 157,287157.3k $3.5m $3.5m 0.24% New
67 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 154,000154.0k $3.5m $3.5m 0.02% Added +146.0k +146,000
68 PING CAPITAL MANAGEMENT, INC. 1.41% of their portfolio NEW YORK, NY 153,000153.0k $3.4m $3.4m 1.41% Added +79.6k +79,600
69 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 144,544144.5k $3.3m $3.3m 0.00% Reduced -5.1k -5,062
70 Pekin Hardy Strauss, Inc. 0.39% of their portfolio CHICAGO, IL 135,476135.5k $3.0m $3.0m 0.39% Reduced -67.0k -66,984
71 Kiker Wealth Management, LLC 2.45% of their portfolio JASPER, GA 134,561134.6k $3.0m $3.0m 2.45% First filing
72 Maven Securities LTD 0.47% of their portfolio ST HELIER, Y9 130,475130.5k $2.9m $2.9m 0.47% New
73 Veltria Advisors Corp. 1.19% of their portfolio MIAMI, FL 127,392127.4k $2.9m $2.9m 1.19% Unchanged
74 Karpus Management, Inc. 0.08% of their portfolio Pittsford, NY 124,975125.0k $2.8m $2.8m 0.08% Added +73.8k +73,840
75 Centiva Capital, LP 0.10% of their portfolio New York, NY 116,800116.8k $2.6m $2.6m 0.10% Added +100.0k +100,000
76 Union Bancaire Privee, UBP SA 0.04% of their portfolio GENEVA 1, V8 103,775103.8k $2.3m $2.3m 0.04% First filing
77 Y-Intercept (Hong Kong) Ltd 0.15% of their portfolio HONG KONG, K3 103,005103.0k $2.3m $2.3m 0.15% New
78 WOLVERINE TRADING, LLC 0.05% of their portfolio CHICAGO, IL 102,883102.9k $2.3m $2.3m 0.05% Reduced -13.3k -13,279
79 Pangea Capital Gestao de Recursos Ltda. 1.51% of their portfolio RIO DE JANEIRO, D5 87,00087.0k $2.0m $2.0m 1.51% Added +57.0k +57,000
80 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 84,19684.2k $1.9m $1.9m 0.00% Added +10.3k +10,326
81 Michelson Medical Research Foundation, Inc. 1.53% of their portfolio Los Angeles, CA 81,30081.3k $1.8m $1.8m 1.53% Unchanged
82 ACCESS FINANCIAL SERVICES, INC. 0.78% of their portfolio MINNEAPOLIS, MN 77,78677.8k $1.8m $1.8m 0.78% Added +5.5k +5,520
83 ASHFORD CAPITAL MANAGEMENT INC 0.20% of their portfolio WILMINGTON, DE 74,38474.4k $1.7m $1.7m 0.20% New
84 TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio STAMFORD, CT 73,72073.7k $1.7m $1.7m 0.02% Reduced -323.7k -323,724
85 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 70,75570.8k $1.6m $1.6m 0.00% Reduced -14.6k -14,568
86 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 67,59767.6k $1.5m $1.5m 0.01% Added +41.6k +41,631
87 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 65,61865.6k $1.5m $1.5m 0.01% Added +14.9k +14,919
88 SPX Gestao de Recursos Ltda 0.21% of their portfolio RIO DE JANEIRO, D5 62,74362.7k $1.4m $1.4m 0.21% New
89 Allianz SE 0.03% of their portfolio Munich, 2M 56,99357.0k $1.3m $1.3m 0.03% Added +932 +932
90 Walleye Trading LLC 0.02% of their portfolio NEW YORK, NY 55,85055.9k $1.3m $1.3m 0.02% New
91 Capital Markets Trading UK LLP 0.74% of their portfolio LONDON, X0 55,50055.5k $1.2m $1.2m 0.74% Added +35.9k +35,906
92 COUNTRY CLUB BANK 0.08% of their portfolio KANSAS CITY, MO 55,12455.1k $1.2m $1.2m 0.08% New
93 Aspen Grove Capital, LLC 0.26% of their portfolio AVON, CO 54,24754.2k $1.2m $1.2m 0.26% Added +2.5k +2,466
94 Performa Ltd (US), LLC 0.42% of their portfolio CHARLESTON, SC 53,47953.5k $1.2m $1.2m 0.42% New
95 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 53,15153.2k $1.2m $1.2m 0.00% Added +21.9k +21,884
96 PICTON MAHONEY ASSET MANAGEMENT 0.04% of their portfolio Toronto, A6 50,95251.0k $1.1m $1.1m 0.04% Reduced -10.7k -10,740
97 State of Wyoming 0.14% of their portfolio CHEYENNE, WY 50,14050.1k $1.1m $1.1m 0.14% Added +7.1k +7,080
98 Vontobel Holding Ltd. 0.00% of their portfolio ZURICH, V8 46,67446.7k $1.1m $1.1m 0.00% Added +23.8k +23,753
99 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 44,72844.7k $1.0m $1.0m 0.01% New
100 Wellington Shields Capital Management, LLC 0.17% of their portfolio NEW YORK, NY 41,50041.5k $934.2k $934.2k 0.17% Reduced -700 -700