Vault-13

ISHARES INC EWC

MSCI CDA ETF · ETP · CUSIP 464286509

313 institutional holders +13 vs Q2 2025
62,170,71062.2m shares reported held*
$3.1bnreported value*
40 new 78 added 105 reduced 22 sold out net bought ≈ $323.5m (+6.3m 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 ($1.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.64. Options: 14 managers hold calls ($257.9m notional), 20 hold puts ($1.9bn).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 279Q4 22: 284Q1 23: 274Q2 23: 267Q3 23: 270Q4 23: 276Q1 24: 282Q2 24: 275Q3 24: 279Q4 24: 295Q1 25: 296Q2 25: 300Q3 25: 313313Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025313

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 23: 111 bought or addedQ4 23: 111 cut or sold outQ1 24: 103 bought or addedQ1 24: 129 cut or sold outQ1 24Q2 24: 100 bought or addedQ2 24: 124 cut or sold outQ3 24: 107 bought or addedQ3 24: 113 cut or sold outQ3 24Q4 24: 128 bought or addedQ4 24: 111 cut or sold outQ1 25: 102 bought or addedQ1 25: 142 cut or sold outQ1 25Q2 25: 124 bought or addedQ2 25: 134 cut or sold outQ3 25: 118 bought or addedQ3 25: 127 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023111111
Q1 2024103129
Q2 2024100124
Q3 2024107113
Q4 2024128111
Q1 2025102142
Q2 2025124134
Q3 2025118127

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bn$2bnQ4 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 7.56Q3 25 calls: $257.9mQ3 25 puts: $1.9bnQ3 25P/C 7.37
Numbers
QuarterCallsPutsP/C
Q4 2024$161.7m$1.2bn7.72
Q1 2025$135.2m$951.6m7.04
Q2 2025$227.9m$1.7bn7.56
Q3 2025$257.9m$1.9bn7.37

Biggest buyers

JPMORGAN CHASE & CO Added +13,125,959+13.1m
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Added +594,755+594.8k
MORGAN STANLEY Added +405,651+405.7k
CADINHA & CO LLC New +282,330+282.3k
Ocean Park Asset Management, LLC New +246,674+246.7k
FIL Ltd Added +202,351+202.4k
MANUFACTURERS LIFE INSURANCE COMPANY, THE New +178,992+179.0k
NORTHERN TRUST CORP New +130,236+130.2k
Graham Capital Management, L.P. New +129,000+129.0k
Walleye Trading LLC Added +81,418+81.4k

Biggest sellers

ROYAL BANK OF CANADA Reduced -1,828,327-1.8m
Trium Capital LLP Sold out -1,552,508-1.6m
Balyasny Asset Management L.P. Sold out -1,116,641-1.1m
BANK OF NOVA SCOTIA Reduced -859,100-859.1k
CIBC WORLD MARKET INC. Reduced -577,874-577.9k
BNP PARIBAS FINANCIAL MARKETS Reduced -549,809-549.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -356,851-356.9k
D. E. Shaw & Co., Inc. Reduced -339,612-339.6k
TUDOR INVESTMENT CORP ET AL Reduced -267,362-267.4k
VICTORY CAPITAL MANAGEMENT INC Reduced -253,936-253.9k

Biggest calls

MILLENNIUM MANAGEMENT LLC Unchanged $75.9m1.5m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $44.4m878.4k shares
CITADEL ADVISORS LLC Reduced $41.5m820.1k shares
CIBC WORLD MARKET INC. Unchanged $32.9m650.0k shares
Walleye Trading LLC Added $27.8m550.0k shares
JANE STREET GROUP, LLC Unchanged $15.4m304.2k shares
Squarepoint Ops LLC New $8.4m167.0k shares
GROUP ONE TRADING LLC Reduced $3.5m70.1k shares
Cubist Systematic Strategies, LLC Added $1.9m36.7k shares
IMC-Chicago, LLC Reduced $1.8m35.8k shares

Biggest puts

CIBC WORLD MARKET INC. Reduced $490.3m9.7m shares
CITADEL ADVISORS LLC Added $433.3m8.6m shares
MILLENNIUM MANAGEMENT LLC Reduced $219.4m4.3m shares
ROYAL BANK OF CANADA Reduced $176.9m3.5m shares
Walleye Trading LLC Added $175.6m3.5m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $136.1m2.7m shares
Caption Management, LLC New $70.8m1.4m shares
JANE STREET GROUP, LLC Added $56.6m1.1m shares
TUDOR INVESTMENT CORP ET AL Added $54.3m1.1m shares
BARCLAYS PLC Unchanged $30.3m600.0k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.04% of their portfolio NEW YORK, NY 26,415,52826.4m $1.3bn $1.3bn 0.04% Added +13.1m +13,125,959
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,354,7512.4m $119.0m $119.0m 0.01% Added +405.7k +405,651
3 Asset Management One Co., Ltd. 0.28% of their portfolio TOKYO, M0 1,922,7981.9m $97.2m $97.2m 0.28% Added +8.1k +8,117
4 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 1,752,2491.8m $88.6m $88.6m 0.02% Reduced -1.8m -1,828,327
5 Korea Investment CORP 0.17% of their portfolio SEOUL, M5 1,663,1001.7m $84.1m $84.1m 0.17% Unchanged
6 ASSETMARK, INC 0.18% of their portfolio CONCORD, CA 1,662,3121.7m $84.0m $84.0m 0.18% Added +31.1k +31,104
7 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,660,1941.7m $83.9m $83.9m 0.01% Reduced -109.3k -109,322
8 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,532,1651.5m $77.5m $77.5m 0.01% Reduced -18.5k -18,452
9 FIL Ltd 0.06% of their portfolio HAMILTON, D0 1,494,1871.5m $75.5m $75.5m 0.06% Added +202.4k +202,351
10 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,340,8511.3m $67.8m $67.8m 0.00% Added +49.8k +49,767
11 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 1,290,1451.3m $65.2m $65.2m 0.03% Reduced -14.2k -14,188
12 VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio San Antonio, TX 1,166,0621.2m $58.9m $58.9m 0.03% Reduced -253.9k -253,936
13 Stairway Partners, LLC 2.28% of their portfolio MINNEAPOLIS, MN 848,374848.4k $42.9m $42.9m 2.28% Reduced -1.3k -1,304
14 JANE STREET GROUP, LLC 0.05% of their portfolio NEW YORK, NY 825,044825.0k $41.7m $41.7m 0.05% Reduced -45.7k -45,691
15 STRS OHIO 0.15% of their portfolio COLUMBUS, OH 789,600789.6k $39.9m $39.9m 0.15% Reduced -50.0k -50,000
16 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 788,243788.2k $39.8m $39.8m 0.03% Reduced -549.8k -549,809
17 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.26% of their portfolio Madrid, U3 663,041663.0k $33.5m $33.5m 0.26% Added +594.8k +594,755
18 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 609,459609.5k $30.8m $30.8m 0.01% Reduced -134.5k -134,465
19 State of Tennessee, Department of Treasury 0.09% of their portfolio NASHVILLE, TN 533,791533.8k $27.0m $27.0m 0.09% Reduced -19.9k -19,851
20 Nuveen, LLC 0.01% of their portfolio CHARLOTTE, NC 438,765438.8k $22.2m $22.2m 0.01% Reduced -87.9k -87,868
21 CSM Advisors, LLC 0.59% of their portfolio WARRENDALE, PA 418,049418.0k $21.1m $21.1m 0.59% Added +6.9k +6,914
22 Millburn Ridgefield LLC /DE/ 0.50% of their portfolio New York, NY 417,732417.7k $21.1m $21.1m 0.50% Reduced -30.2k -30,177
23 Catalyst Capital Advisors LLC 0.43% of their portfolio San Juan, PR 417,732417.7k $21.1m $21.1m 0.43% Reduced -30.2k -30,177
24 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 407,142407.1k $20.6m $20.6m 0.02% Added +14.5k +14,482
25 GenTrust, LLC 0.89% of their portfolio MIAMI, FL 388,029388.0k $19.6m $19.6m 0.89% Reduced -30.9k -30,894
26 CIBC WORLD MARKET INC. 0.04% of their portfolio TORONTO, A6 360,051360.1k $18.2m $18.2m 0.04% Reduced -577.9k -577,874
27 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 356,349356.3k $18.0m $18.0m 0.01% Reduced -139.9k -139,914
28 NorthCoast Asset Management LLC 0.07% of their portfolio STAMFORD, CT 356,111356.1k $18.0m $18.0m 0.07% Added +5.1k +5,084
29 VPR Management LLC 8.08% of their portfolio HOUSTON, TX 351,800351.8k $17.8m $17.8m 8.08% Unchanged
30 UBS Group AG 0.00% of their portfolio ZURICH, V8 343,945343.9k $17.4m $17.4m 0.00% Reduced -44.8k -44,806
31 Allspring Global Investments Holdings, LLC 0.03% of their portfolio CHARLOTTE, NC 341,146341.1k $17.2m $17.2m 0.03% Added +26.7k +26,733
32 CADINHA & CO LLC 1.94% of their portfolio HONOLULU, HI 282,330282.3k $14.3m $14.3m 1.94% New
33 Karpus Management, Inc. 0.43% of their portfolio Pittsford, NY 269,534269.5k $13.6m $13.6m 0.43% Added +69.9k +69,935
34 Ocean Park Asset Management, LLC 0.51% of their portfolio SANTA MONICA, CA 246,674246.7k $12.5m $12.5m 0.51% New
35 FMR LLC 0.00% of their portfolio BOSTON, MA 220,710220.7k $11.2m $11.2m 0.00% Added +37.8k +37,768
36 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 212,865212.9k $10.8m $10.8m 0.00% Reduced -2.4k -2,431
37 NISA INVESTMENT ADVISORS, LLC 0.04% of their portfolio ST. LOUIS, MO 203,000203.0k $10.3m $10.3m 0.04% Unchanged
38 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 181,982182.0k $9.1m $9.1m 0.01% Reduced -12.3k -12,317
39 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 178,992179.0k $9.0m $9.0m 0.01% New
40 TUDOR INVESTMENT CORP ET AL 0.06% of their portfolio STAMFORD, CT 177,553177.6k $9.0m $9.0m 0.06% Reduced -267.4k -267,362
41 Walleye Trading LLC 0.14% of their portfolio NEW YORK, NY 175,770175.8k $8.9m $8.9m 0.14% Added +81.4k +81,418
42 PGIM Custom Harvest LLC 0.13% of their portfolio NEWARK, NJ 166,038166.0k $8.4m $8.4m 0.13% Added +25.5k +25,497
43 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 163,181163.2k $8.2m $8.2m 0.00% Reduced -11.8k -11,815
44 NewSquare Capital LLC 0.54% of their portfolio NEWTOWN SQUARE, PA 158,271158.3k $8.0m $8.0m 0.54% Added +4.1k +4,102
45 Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio SEOUL, M5 156,600156.6k $7.9m $7.9m 0.02% Added +2.7k +2,700
46 Lido Advisors, LLC 0.03% of their portfolio Los Angeles, CA 145,382145.4k $7.3m $7.3m 0.03% Added +67.5k +67,487
47 LOCKHEED MARTIN INVESTMENT MANAGEMENT CO 0.25% of their portfolio BETHESDA, MD 134,800134.8k $6.8m $6.8m 0.25% Unchanged
48 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 130,236130.2k $6.6m $6.6m 0.00% New
49 HAP Trading, LLC 1.80% of their portfolio NEW YORK, NY 129,472129.5k $6.5m $6.5m 1.80% First filing
50 Graham Capital Management, L.P. 0.24% of their portfolio ROWAYTON, CT 129,000129.0k $6.5m $6.5m 0.24% New
51 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 127,914127.9k $6.5m $6.5m 0.00% Reduced -791 -791
52 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 126,025126.0k $6.4m $6.4m 0.01% Added +50.0k +49,972
53 SENTINEL PENSION ADVISORS, LLC 1.01% of their portfolio WAKEFIELD, MA 125,550125.5k $6.3m $6.3m 1.01% Unchanged
54 Elm Partners Management LLC 0.29% of their portfolio Philadelphia, PA 115,833115.8k $5.9m $5.9m 0.29% Reduced -1.3k -1,339
55 New Vernon Capital Holdings II LLC 2.58% of their portfolio Morristown, NJ 110,826110.8k $5.6m $5.6m 2.58% Unchanged
56 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 104,075104.1k $5.3m $5.3m 0.01% Reduced -768 -768
57 SOROS FUND MANAGEMENT LLC 0.08% of their portfolio NEW YORK, NY 97,70097.7k $4.9m $4.9m 0.08% Unchanged
58 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 94,87594.9k $4.8m $4.8m 0.01% Reduced -356.9k -356,851
59 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 91,21291.2k $4.6m $4.6m 0.01% Added +16.2k +16,192
60 State of Wyoming 0.52% of their portfolio CHEYENNE, WY 90,52690.5k $4.6m $4.6m 0.52% Unchanged
61 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 85,13685.1k $4.3m $4.3m 0.00% Added +26.8k +26,804
62 ZACKS INVESTMENT MANAGEMENT 0.03% of their portfolio Chicago, IL 82,87882.9k $4.2m $4.2m 0.03% Added +1.0k +1,040
63 LMCG INVESTMENTS, LLC 0.24% of their portfolio BOSTON, MA 81,15681.2k $4.1m $4.1m 0.24% Reduced -971 -971
64 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 80,90980.9k $4.1m $4.1m 0.00% Reduced -72.3k -72,268
65 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 80,58580.6k $4.1m $4.1m 0.00% Unchanged
66 Wakefield Asset Management LLLP 1.10% of their portfolio Englewood, CO 79,60779.6k $4.0m $4.0m 1.10% Reduced -6.2k -6,170
67 Federation des caisses Desjardins du Quebec 0.02% of their portfolio LEVIS, A8 78,21978.2k $4.0m $4.0m 0.02% Reduced -16.2k -16,225
68 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 0.07% of their portfolio BOSTON, MA 77,24477.2k $3.9m $3.9m 0.07% Added +61.8k +61,794
69 SYON CAPITAL LLC 0.20% of their portfolio SAN FRANCISCO, CA 73,02373.0k $3.7m $3.7m 0.20% Added +16.9k +16,889
70 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 67,70167.7k $3.4m $3.4m 0.00% Reduced -19.6k -19,587
71 SCOTIA CAPITAL INC. 0.01% of their portfolio TORONTO, A6 66,81366.8k $3.4m $3.4m 0.01% Reduced -60.2k -60,175
72 WOLVERINE TRADING, LLC 0.07% of their portfolio CHICAGO, IL 64,48764.5k $3.3m $3.3m 0.07% Added +16.0k +15,977
73 COLTON GROOME FINANCIAL ADVISORS, LLC 0.91% of their portfolio ASHEVILLE, NC 58,42358.4k $3.0m $3.0m 0.91% Added +5.2k +5,243
74 Taikang Asset Management (Hong Kong) Co Ltd 0.31% of their portfolio HONG KONG, K3 55,20255.2k $2.8m $2.8m 0.31% Reduced -24.6k -24,623
75 CUMBERLAND ADVISORS INC 1.04% of their portfolio SARASOTA, FL 53,56053.6k $2.7m $2.7m 1.04% Reduced -90 -90
76 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 53,54453.5k $2.7m $2.7m 0.01% Reduced -37.5k -37,548
77 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 51,93451.9k $2.6m $2.6m 0.00% Added +585 +585
78 Obsido Oy 1.64% of their portfolio TAMPERE, H9 48,59948.6k $2.5m $2.5m 1.64% Added +3.1k +3,139
79 TD Waterhouse Canada Inc. 0.02% of their portfolio TORONTO, A6 48,35648.4k $2.4m $2.4m 0.02% Reduced -99.5k -99,462
80 Sava Infond d.o.o. 0.34% of their portfolio MARIBOR, 2A 48,00048.0k $2.4m $2.4m 0.34% Unchanged
81 Moneda S.A. Administradora General de Fondos 2.64% of their portfolio LAS CONDES, SANTIAGO, F3 47,09047.1k $2.4m $2.4m 2.64% Unchanged
82 Stelac Advisory Services LLC 0.81% of their portfolio NEW YORK, NY 46,41346.4k $2.3m $2.3m 0.81% Added +2.6k +2,624
83 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio HARRISBURG, PA 46,35046.4k $2.3m $2.3m 0.01% Reduced -65.0k -65,000
84 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 45,72645.7k $2.3m $2.3m 0.01% Added +5.1k +5,051
85 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 43,96044.0k $2.2m $2.2m 0.00% Unchanged
86 IMC-Chicago, LLC 0.04% of their portfolio CHICAGO, IL 43,12843.1k $2.2m $2.2m 0.04% Added +29.9k +29,864
87 Trek Financial, LLC 0.13% of their portfolio Scottsdale, AZ 42,87942.9k $2.2m $2.2m 0.13% Added +2.0k +1,991
88 Ameraudi Asset Management, Inc. 1.29% of their portfolio New York, NY 42,21342.2k $2.1m $2.1m 1.29% Reduced -14.6k -14,624
89 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 41,28241.3k $2.1m $2.1m 0.00% Added +9.5k +9,452
90 Tidal Investments LLC 0.01% of their portfolio Milwaukee, WI 40,72040.7k $2.1m $2.1m 0.01% New
91 ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio Boston, MA 39,83239.8k $2.0m $2.0m 0.00% Reduced -1.8k -1,843
92 Strategic Financial Partners, Ltd. 0.91% of their portfolio Bend, OR 39,44339.4k $2.0m $2.0m 0.91% Added +390 +390
93 ALBION FINANCIAL GROUP /UT 0.12% of their portfolio SALT LAKE CITY, UT 39,00039.0k $2.0m $2.0m 0.12% Unchanged
94 Hilltop Holdings Inc. 0.10% of their portfolio DALLAS, TX 37,53737.5k $1.9m $1.9m 0.10% Reduced -28.6k -28,563
95 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 36,98737.0k $1.9m $1.9m 0.01% Added +308 +308
96 Legacy PCG, LLC 1.12% of their portfolio IRVINE, CA 36,97537.0k $1.9m $1.9m 1.12% Added +322 +322
97 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 36,35636.4k $1.5m $1.5m 0.00% Added +26.9k +26,855
98 Palisades Hudson Asset Management, L.P. 0.64% of their portfolio FORT LAUDERDALE, FL 35,09235.1k $1.8m $1.8m 0.64% Reduced -240 -240
99 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 35,03235.0k $1.8m $1.8m 0.00% Reduced -1.8k -1,752
100 Robertson Stephens Wealth Management, LLC 0.05% of their portfolio San Francisco, CA 34,62734.6k $1.8m $1.8m 0.05% Unchanged