Vault-13

ISHARES INC EWC

MSCI CDA ETF · ETP · CUSIP 464286509

300 institutional holders +4 vs Q1 2025
55,888,67255.9m shares reported held*
$2.6bnreported value*
41 new 83 added 94 reduced 40 sold out net bought ≈ $241.8m (+1.2m 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 ($7.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $46.18. Options: 14 managers hold calls ($227.9m notional), 18 hold puts ($1.7bn).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 279Q4 22: 284Q1 23: 274Q2 23: 267Q3 23: 270Q4 23: 276Q1 24: 282Q2 24: 275Q3 24: 279Q4 24: 295Q1 25: 296Q2 25: 300300Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022279
Q4 2022284
Q1 2023274
Q2 2023267
Q3 2023270
Q4 2023276
Q1 2024282
Q2 2024275
Q3 2024279
Q4 2024295
Q1 2025296
Q2 2025300

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 95 bought or addedQ3 23: 125 cut or sold outQ4 23: 111 bought or addedQ4 23: 111 cut or sold outQ4 23Q1 24: 103 bought or addedQ1 24: 129 cut or sold outQ2 24: 100 bought or addedQ2 24: 124 cut or sold outQ2 24Q3 24: 107 bought or addedQ3 24: 113 cut or sold outQ4 24: 128 bought or addedQ4 24: 111 cut or sold outQ4 24Q1 25: 102 bought or addedQ1 25: 142 cut or sold outQ2 25: 124 bought or addedQ2 25: 134 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202395125
Q4 2023111111
Q1 2024103129
Q2 2024100124
Q3 2024107113
Q4 2024128111
Q1 2025102142
Q2 2025124134

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bn$2bnQ3 24 calls: $274.3mQ3 24 puts: $749.7mQ3 24P/C 2.73Q4 24 calls: $161.7mQ4 24 puts: $1.2bnQ4 24P/C 7.72Q1 25 calls: $135.2mQ1 25 puts: $951.6mQ1 25P/C 7.04Q2 25 calls: $227.9mQ2 25 puts: $1.7bnQ2 25P/C 7.56
Numbers
QuarterCallsPutsP/C
Q3 2024$274.3m$749.7m2.73
Q4 2024$161.7m$1.2bn7.72
Q1 2025$135.2m$951.6m7.04
Q2 2025$227.9m$1.7bn7.56

Biggest buyers

ROYAL BANK OF CANADA Added +2,104,376+2.1m
Balyasny Asset Management L.P. New +1,116,641+1.1m
VICTORY CAPITAL MANAGEMENT INC Added +917,929+917.9k
BANK OF NOVA SCOTIA New +879,200+879.2k
JANE STREET GROUP, LLC New +870,735+870.7k
CIBC WORLD MARKET INC. Added +776,965+777.0k
CSM Advisors, LLC Added +357,500+357.5k
D. E. Shaw & Co., Inc. New +354,629+354.6k
NorthCoast Asset Management LLC New +351,027+351.0k
BANK OF AMERICA CORP /DE/ Added +328,742+328.7k

Biggest sellers

New Vernon Capital Holdings II LLC Reduced -4,010,874-4.0m
FIL Ltd Reduced -1,541,077-1.5m
JPMORGAN CHASE & CO Reduced -473,584-473.6k
Polianta Ltd Sold out -301,000-301.0k
Allianz Asset Management GmbH Sold out -213,739-213.7k
BARCLAYS PLC Reduced -188,065-188.1k
GenTrust, LLC Reduced -135,266-135.3k
MORGAN STANLEY Reduced -130,912-130.9k
BNP PARIBAS FINANCIAL MARKETS Reduced -130,273-130.3k
Concentric Capital Strategies, LP Sold out -128,675-128.7k

Biggest calls

MILLENNIUM MANAGEMENT LLC Added $69.3m1.5m shares
CITADEL ADVISORS LLC Added $62.1m1.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $32.8m709.1k shares
CIBC WORLD MARKET INC. Reduced $30.0m650.0k shares
JANE STREET GROUP, LLC Added $14.1m304.2k shares
Walleye Trading LLC Unchanged $6.9m150.0k shares
GROUP ONE TRADING LLC Reduced $4.4m94.4k shares
PEAK6 LLC New $3.1m67.6k shares
IMC-Chicago, LLC Reduced $1.7m37.5k shares
Cubist Systematic Strategies, LLC New $1.4m30.1k shares

Biggest puts

CIBC WORLD MARKET INC. Reduced $559.0m12.1m shares
CITADEL ADVISORS LLC Added $363.7m7.9m shares
ROYAL BANK OF CANADA New $295.7m6.4m shares
MILLENNIUM MANAGEMENT LLC Added $211.4m4.6m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $75.8m1.6m shares
Walleye Trading LLC Added $55.0m1.2m shares
JANE STREET GROUP, LLC New $39.9m862.8k shares
TUDOR INVESTMENT CORP ET AL Unchanged $38.1m825.0k shares
Anson Funds Management LP Added $37.0m800.0k shares
BARCLAYS PLC Unchanged $27.7m600.0k 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.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BlackRock Portfolio Management LLC 13G · institution +6.4 pts · filed 2026-10-05 26.1% +6.4 pts 31.4m≈ $1.8bn 2026-10-05
FMR LLC 13G · institution new · filed 2026-08-06 5.8% new 6.0m≈ $344.8m 2026-08-06

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.04% of their portfolio NEW YORK, NY 13,289,56913.3m $614.0m $614.0m 0.04% Reduced -473.6k -473,584
2 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 3,580,5763.6m $165.4m $165.4m 0.02% Added +2.1m +2,104,376
3 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,949,1001.9m $90.0m $90.0m 0.01% Reduced -130.9k -130,912
4 Asset Management One Co., Ltd. 0.28% of their portfolio TOKYO, M0 1,914,6811.9m $88.5m $88.5m 0.28% Added +20.1k +20,134
5 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,769,5161.8m $81.8m $81.8m 0.01% Added +328.7k +328,742
6 Korea Investment CORP 0.17% of their portfolio SEOUL, M5 1,663,1001.7m $76.8m $76.8m 0.17% Unchanged
7 ASSETMARK, INC 0.18% of their portfolio CONCORD, CA 1,631,2081.6m $75.4m $75.4m 0.18% Added +56.0k +55,990
8 Trium Capital LLP 17.86% of their portfolio LONDON, X0 1,552,5081.6m $71.7m $71.7m 17.86% Not comparable
9 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,550,6171.6m $71.6m $71.6m 0.01% Added +15.9k +15,938
10 VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio San Antonio, TX 1,419,9981.4m $65.6m $65.6m 0.04% Added +917.9k +917,929
11 BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio PARIS, I0 1,338,0521.3m $61.8m $61.8m 0.05% Reduced -130.3k -130,273
12 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 1,304,3331.3m $60.3m $60.3m 0.03% Reduced -50.5k -50,491
13 FIL Ltd 0.05% of their portfolio HAMILTON, D0 1,291,8361.3m $59.7m $59.7m 0.05% Reduced -1.5m -1,541,077
14 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,291,0841.3m $59.6m $59.6m 0.00% Added +126.1k +126,132
15 Balyasny Asset Management L.P. 0.12% of their portfolio Chicago, IL 1,116,6411.1m $51.6m $51.6m 0.12% New
16 CIBC WORLD MARKET INC. 0.10% of their portfolio TORONTO, A6 937,925937.9k $43.3m $43.3m 0.10% Added +777.0k +776,965
17 BANK OF NOVA SCOTIA 0.08% of their portfolio TORONTO, A6 879,200879.2k $40.6m $40.6m 0.08% New
18 JANE STREET GROUP, LLC 0.06% of their portfolio NEW YORK, NY 870,735870.7k $40.2m $40.2m 0.06% New
19 Stairway Partners, LLC 2.23% of their portfolio MINNEAPOLIS, MN 849,678849.7k $39.3m $39.3m 2.23% Reduced -2.8k -2,761
20 STRS OHIO 0.14% of their portfolio COLUMBUS, OH 839,600839.6k $38.8m $38.8m 0.14% Unchanged
21 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 743,924743.9k $34.4m $34.4m 0.01% Added +57.5k +57,457
22 State of Tennessee, Department of Treasury 0.09% of their portfolio NASHVILLE, TN 553,642553.6k $25.6m $25.6m 0.09% Reduced -46.7k -46,709
23 Nuveen, LLC 0.01% of their portfolio CHARLOTTE, NC 526,633526.6k $24.3m $24.3m 0.01% Reduced -46.5k -46,497
24 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 496,263496.3k $22.9m $22.9m 0.01% Added +42.0k +41,981
25 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 451,726451.7k $20.9m $20.9m 0.03% Added +14.3k +14,314
26 Millburn Ridgefield LLC /DE/ 0.50% of their portfolio New York, NY 447,909447.9k $20.7m $20.7m 0.50% Reduced -55.1k -55,121
27 Catalyst Capital Advisors LLC 0.42% of their portfolio San Juan, PR 447,909447.9k $20.7m $20.7m 0.42% Reduced -55.1k -55,121
28 TUDOR INVESTMENT CORP ET AL 0.16% of their portfolio STAMFORD, CT 444,915444.9k $20.6m $20.6m 0.16% Reduced -107.0k -106,994
29 GenTrust, LLC 0.91% of their portfolio MIAMI, FL 418,923418.9k $19.4m $19.4m 0.91% Reduced -135.3k -135,266
30 CSM Advisors, LLC 0.55% of their portfolio WARRENDALE, PA 411,135411.1k $19.0m $19.0m 0.55% Added +357.5k +357,500
31 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 392,660392.7k $18.1m $18.1m 0.02% Reduced -1.9k -1,853
32 UBS Group AG 0.00% of their portfolio ZURICH, V8 388,751388.8k $18.0m $18.0m 0.00% Reduced -84.1k -84,057
33 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 354,629354.6k $16.4m $16.4m 0.02% New
34 VPR Management LLC 7.63% of their portfolio HOUSTON, TX 351,800351.8k $16.3m $16.3m 7.63% Unchanged
35 NorthCoast Asset Management LLC 0.07% of their portfolio STAMFORD, CT 351,027351.0k $16.2m $16.2m 0.07% New
36 Allspring Global Investments Holdings, LLC 0.02% of their portfolio CHARLOTTE, NC 314,413314.4k $14.5m $14.5m 0.02% Reduced -4.0k -4,000
37 HAP Trading, LLC 4.82% of their portfolio NEW YORK, NY 239,905239.9k $11.1m $11.1m 4.82% Added +205.9k +205,855
38 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 232,778232.8k $10.8m $10.8m 0.01% New
39 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 215,296215.3k $9.9m $9.9m 0.00% Reduced -34.1k -34,120
40 NISA INVESTMENT ADVISORS, LLC 0.04% of their portfolio ST. LOUIS, MO 203,000203.0k $9.4m $9.4m 0.04% Unchanged
41 Karpus Management, Inc. 0.30% of their portfolio Pittsford, NY 199,599199.6k $9.2m $9.2m 0.30% Added +49.4k +49,441
42 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 194,299194.3k $8.4m $8.4m 0.01% Added +117.0k +117,012
43 FMR LLC 0.00% of their portfolio BOSTON, MA 182,942182.9k $8.5m $8.5m 0.00% Added +52.2k +52,211
44 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 174,996175.0k $8.1m $8.1m 0.01% Added +1.8k +1,809
45 NewSquare Capital LLC 0.52% of their portfolio NEWTOWN SQUARE, PA 154,169154.2k $6.9m $6.9m 0.52% Added +8.6k +8,583
46 Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio SEOUL, M5 153,900153.9k $7.1m $7.1m 0.02% Reduced -47.3k -47,300
47 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 153,177153.2k $7.1m $7.1m 0.00% Reduced -188.1k -188,065
48 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 149,193149.2k $6.9m $6.9m 0.01% Reduced -95.6k -95,605
49 Checchi Capital Advisers, LLC 0.48% of their portfolio BEVERLY HILLS, CA 148,698148.7k $6.9m $6.9m 0.48% Added +62.5k +62,493
50 TD Waterhouse Canada Inc. 0.05% of their portfolio TORONTO, A6 147,818147.8k $6.8m $6.8m 0.05% Added +102.1k +102,121
51 PGIM Custom Harvest LLC 0.13% of their portfolio NEWARK, NJ 140,541140.5k $6.5m $6.5m 0.13% Added +6.6k +6,630
52 LOCKHEED MARTIN INVESTMENT MANAGEMENT CO 0.23% of their portfolio BETHESDA, MD 134,800134.8k $6.2m $6.2m 0.23% Unchanged
53 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 128,705128.7k $5.9m $5.9m 0.00% Reduced -31.0k -30,965
54 SCOTIA CAPITAL INC. 0.03% of their portfolio TORONTO, A6 126,988127.0k $5.9m $5.9m 0.03% Reduced -572 -572
55 SENTINEL PENSION ADVISORS, LLC 0.98% of their portfolio WAKEFIELD, MA 125,550125.5k $5.8m $5.8m 0.98% Unchanged
56 Strategic Investment Advisors / MI 0.53% of their portfolio FARMINGTON HILLS, MI 118,075118.1k $5.5m $5.5m 0.53% Added +12.8k +12,794
57 Elm Partners Management LLC 0.31% of their portfolio Philadelphia, PA 117,172117.2k $5.4m $5.4m 0.31% Reduced -3.0k -2,993
58 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.03% of their portfolio HARRISBURG, PA 111,350111.3k $5.1m $5.1m 0.03% Added +27.0k +27,000
59 New Vernon Capital Holdings II LLC 2.46% of their portfolio Morristown, NJ 110,826110.8k $5.1m $5.1m 2.46% Reduced -4.0m -4,010,874
60 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 109,600109.6k $5.1m $5.1m 0.01% New
61 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 104,843104.8k $4.8m $4.8m 0.01% Reduced -976 -976
62 SOROS FUND MANAGEMENT LLC 0.08% of their portfolio NEW YORK, NY 97,70097.7k $4.5m $4.5m 0.08% Unchanged
63 Federation des caisses Desjardins du Quebec 0.02% of their portfolio LEVIS, A8 94,44494.4k $4.4m $4.4m 0.02% Added +4.5k +4,517
64 Walleye Trading LLC 0.11% of their portfolio NEW YORK, NY 94,35294.4k $4.4m $4.4m 0.11% Reduced -110.6k -110,559
65 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 91,09291.1k $4.2m $4.2m 0.01% Reduced -7.5k -7,544
66 State of Wyoming 0.51% of their portfolio CHEYENNE, WY 90,52690.5k $4.2m $4.2m 0.51% Reduced -28.5k -28,485
67 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 87,28887.3k $4.0m $4.0m 0.00% Reduced -2.2k -2,167
68 Wakefield Asset Management LLLP 1.11% of their portfolio Englewood, CO 85,77785.8k $4.0m $4.0m 1.11% Reduced -986 -986
69 LMCG INVESTMENTS, LLC 0.24% of their portfolio BOSTON, MA 82,12782.1k $3.8m $3.8m 0.24% Reduced -4.7k -4,700
70 ZACKS INVESTMENT MANAGEMENT 0.03% of their portfolio Chicago, IL 81,83881.8k $3.8m $3.8m 0.03% Added +3.7k +3,724
71 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 80,58580.6k $3.7m $3.7m 0.00% Reduced -8 -8
72 Taikang Asset Management (Hong Kong) Co Ltd 0.47% of their portfolio HONG KONG, K3 79,82579.8k $3.7m $3.7m 0.47% Unchanged
73 Lido Advisors, LLC 0.02% of their portfolio Los Angeles, CA 77,89577.9k $3.6m $3.6m 0.02% New
74 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 76,05376.1k $3.5m $3.5m 0.01% Added +7.8k +7,819
75 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 75,02075.0k $3.5m $3.5m 0.00% Added +2.2k +2,198
76 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.03% of their portfolio Madrid, U3 68,28668.3k $3.2m $3.2m 0.03% Reduced -3.2k -3,220
77 BlueStem Wealth Partners, LLC 0.38% of their portfolio MINNETONKA, MN 67,63067.6k $3.1m $3.1m 0.38% Reduced -4.9k -4,893
78 Hilltop Holdings Inc. 0.20% of their portfolio DALLAS, TX 66,10066.1k $3.1m $3.1m 0.20% Added +16.2k +16,195
79 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 58,33258.3k $2.7m $2.7m 0.00% Reduced -20.6k -20,583
80 Ameraudi Asset Management, Inc. 1.38% of their portfolio New York, NY 56,83756.8k $2.6m $2.6m 1.38% Reduced -1.6k -1,590
81 SYON CAPITAL LLC 0.17% of their portfolio SAN FRANCISCO, CA 56,13456.1k $2.6m $2.6m 0.17% Reduced -8.4k -8,354
82 CUMBERLAND ADVISORS INC 1.04% of their portfolio SARASOTA, FL 53,65053.6k $2.5m $2.5m 1.04% Added +80 +80
83 COLTON GROOME FINANCIAL ADVISORS, LLC 0.83% of their portfolio ASHEVILLE, NC 53,18053.2k $2.5m $2.5m 0.83% New
84 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 51,34951.3k $2.4m $2.4m 0.00% Reduced -701 -701
85 WOLVERINE TRADING, LLC 0.06% of their portfolio CHICAGO, IL 48,51048.5k $2.2m $2.2m 0.06% Added +1.7k +1,655
86 Sava Infond d.o.o. 0.35% of their portfolio MARIBOR, 2A 48,00048.0k $2.2m $2.2m 0.35% Unchanged
87 Moneda S.A. Administradora General de Fondos 2.36% of their portfolio LAS CONDES, SANTIAGO, F3 47,09047.1k $2.2m $2.2m 2.36% Unchanged
88 Obsido Oy 1.59% of their portfolio TAMPERE, H9 45,46045.5k $2.1m $2.1m 1.59% Added +614 +614
89 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 43,96044.0k $2.0m $2.0m 0.00% Unchanged
90 Stelac Advisory Services LLC 0.77% of their portfolio NEW YORK, NY 43,78943.8k $2.0m $2.0m 0.77% Unchanged
91 Quantitative Investment Management, LLC 0.26% of their portfolio CHARLOTTESVILLE, VA 41,95942.0k $1.9m $1.9m 0.26% New
92 ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio Boston, MA 41,67541.7k $1.9m $1.9m 0.00% Reduced -409 -409
93 Trek Financial, LLC 0.13% of their portfolio Scottsdale, AZ 40,88840.9k $1.9m $1.9m 0.13% Added +32.4k +32,425
94 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 40,67540.7k $1.9m $1.9m 0.01% Added +3.2k +3,198
95 Strategic Financial Partners, Ltd. 0.84% of their portfolio Bend, OR 39,05339.1k $1.8m $1.8m 0.84% Added +7.3k +7,313
96 ALBION FINANCIAL GROUP /UT 0.12% of their portfolio SALT LAKE CITY, UT 39,00039.0k $1.8m $1.8m 0.12% Unchanged
97 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 37,36137.4k $1.7m $1.7m 0.00% Unchanged
98 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 36,78436.8k $1.7m $1.7m 0.00% Added +20.8k +20,783
99 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 36,67936.7k $1.7m $1.7m 0.01% Added +4.3k +4,330
100 Legacy PCG, LLC 1.08% of their portfolio IRVINE, CA 36,65336.7k $1.7m $1.7m 1.08% Reduced -4.2k -4,172