Vault-13

ISHARES INC EWC

MSCI CDA ETF · ETP · CUSIP 464286509

344 institutional holders +31 vs Q3 2025
53,566,32053.6m shares reported held*
$2.9bnreported value*
58 new 102 added 84 reduced 30 sold out net sold ≈ $458.8m (-8.4m 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 ($3.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $53.93. Options: 12 managers hold calls ($196.9m notional), 15 hold puts ($1.9bn).

Trends to Q4 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: 313Q4 25: 344344Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025344

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 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 25Q3 25: 118 bought or addedQ3 25: 127 cut or sold outQ4 25: 160 bought or addedQ4 25: 114 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024103129
Q2 2024100124
Q3 2024107113
Q4 2024128111
Q1 2025102142
Q2 2025124134
Q3 2025118127
Q4 2025160114

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bn$2bnQ1 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 7.37Q4 25 calls: $196.9mQ4 25 puts: $1.9bnQ4 25P/C 9.63
Numbers
QuarterCallsPutsP/C
Q1 2025$135.2m$951.6m7.04
Q2 2025$227.9m$1.7bn7.56
Q3 2025$257.9m$1.9bn7.37
Q4 2025$196.9m$1.9bn9.63

Biggest buyers

MANUFACTURERS LIFE INSURANCE COMPANY, THE Added +2,999,053+3.0m
ROYAL BANK OF CANADA Added +1,502,939+1.5m
Graham Capital Management, L.P. Added +677,849+677.8k
Metis Global Partners, LLC New +465,883+465.9k
PRUDENTIAL PLC New +302,900+302.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +297,074+297.1k
BANK OF AMERICA CORP /DE/ Added +264,728+264.7k
Nuveen, LLC Added +262,748+262.7k
HRT FINANCIAL LP Added +254,325+254.3k
UBS Group AG Added +188,150+188.2k

Biggest sellers

JPMORGAN CHASE & CO Reduced -13,527,119-13.5m
FIL Ltd Sold out -1,494,187-1.5m
BNP PARIBAS FINANCIAL MARKETS Reduced -606,751-606.8k
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Reduced -567,695-567.7k
MORGAN STANLEY Reduced -209,142-209.1k
CIBC WORLD MARKET INC. Reduced -198,606-198.6k
TUDOR INVESTMENT CORP ET AL Sold out -177,553-177.6k
VICTORY CAPITAL MANAGEMENT INC Reduced -148,960-149.0k
NorthCoast Asset Management LLC Reduced -134,039-134.0k
OSAIC HOLDINGS, INC. Reduced -110,528-110.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $38.4m712.3k shares
CIBC WORLD MARKET INC. Unchanged $35.1m650.0k shares
MILLENNIUM MANAGEMENT LLC Reduced $32.4m600.0k shares
JANE STREET GROUP, LLC Added $27.1m503.2k shares
CITADEL ADVISORS LLC Reduced $25.5m472.7k shares
Walleye Trading LLC Reduced $16.2m300.0k shares
Squarepoint Ops LLC Added $16.1m298.9k shares
Point72 Asset Management, L.P. New $2.3m42.8k shares
GROUP ONE TRADING LLC Reduced $1.8m33.4k shares
IMC-Chicago, LLC Reduced $1.1m21.1k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $387.5m7.2m shares
CIBC WORLD MARKET INC. Reduced $361.3m6.7m shares
Walleye Trading LLC Added $246.4m4.6m shares
MILLENNIUM MANAGEMENT LLC Reduced $223.3m4.1m shares
ROYAL BANK OF CANADA Unchanged $188.8m3.5m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $139.0m2.6m shares
Caption Management, LLC Added $97.1m1.8m shares
JANE STREET GROUP, LLC Reduced $59.3m1.1m shares
Anson Funds Management LP Added $53.9m1.0m shares
Jain Global LLC Added $47.2m875.0k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.05% of their portfolio NEW YORK, NY 12,888,40912.9m $695.1m $695.1m 0.05% Reduced -13.5m -13,527,119
2 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 3,255,1883.3m $175.6m $175.6m 0.03% Added +1.5m +1,502,939
3 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.14% of their portfolio Toronto, A6 3,178,0453.2m $171.4m $171.4m 0.14% Added +3.0m +2,999,053
4 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,145,6092.1m $115.7m $115.7m 0.01% Reduced -209.1k -209,142
5 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,924,9221.9m $103.8m $103.8m 0.01% Added +264.7k +264,728
6 Asset Management One Co., Ltd. 0.29% of their portfolio TOKYO, M0 1,915,6751.9m $103.3m $103.3m 0.29% Reduced -7.1k -7,123
7 Korea Investment CORP 0.19% of their portfolio SEOUL, M5 1,757,9571.8m $94.8m $94.8m 0.19% Added +94.9k +94,857
8 ASSETMARK, INC 0.19% of their portfolio CONCORD, CA 1,708,4001.7m $92.1m $92.1m 0.19% Added +46.1k +46,088
9 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,579,0111.6m $85.2m $85.2m 0.01% Added +46.8k +46,846
10 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,340,2591.3m $72.3m $72.3m 0.00% Reduced -592 -592
11 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 1,259,0921.3m $67.9m $67.9m 0.03% Reduced -31.1k -31,053
12 VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio San Antonio, TX 1,017,1021.0m $54.9m $54.9m 0.03% Reduced -149.0k -148,960
13 JANE STREET GROUP, LLC 0.05% of their portfolio NEW YORK, NY 857,419857.4k $46.2m $46.2m 0.05% Added +32.4k +32,375
14 Stairway Partners, LLC 2.28% of their portfolio MINNEAPOLIS, MN 815,733815.7k $44.0m $44.0m 2.28% Reduced -32.6k -32,641
15 Graham Capital Management, L.P. 1.50% of their portfolio ROWAYTON, CT 806,849806.8k $43.5m $43.5m 1.50% Added +677.8k +677,849
16 STRS OHIO 0.16% of their portfolio COLUMBUS, OH 789,600789.6k $42.6m $42.6m 0.16% Unchanged
17 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 742,679742.7k $40.1m $40.1m 0.01% Added +133.2k +133,220
18 Nuveen, LLC 0.01% of their portfolio CHARLOTTE, NC 701,513701.5k $37.8m $37.8m 0.01% Added +262.7k +262,748
19 UBS Group AG 0.01% of their portfolio ZURICH, V8 532,095532.1k $28.7m $28.7m 0.01% Added +188.2k +188,150
20 State of Tennessee, Department of Treasury 0.09% of their portfolio NASHVILLE, TN 525,777525.8k $28.5m $28.5m 0.09% Reduced -8.0k -8,014
21 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 470,079470.1k $25.4m $25.4m 0.01% Added +113.7k +113,730
22 Metis Global Partners, LLC 0.59% of their portfolio San Diego, CA 465,883465.9k $25.1m $25.1m 0.59% New
23 CSM Advisors, LLC 0.64% of their portfolio WARRENDALE, PA 433,481433.5k $23.4m $23.4m 0.64% Added +15.4k +15,432
24 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 411,763411.8k $22.2m $22.2m 0.02% Added +4.6k +4,621
25 FMR LLC 0.00% of their portfolio BOSTON, MA 403,052403.1k $21.7m $21.7m 0.00% Added +182.3k +182,342
26 Millburn Ridgefield LLC /DE/ 0.51% of their portfolio New York, NY 394,205394.2k $21.3m $21.3m 0.51% Reduced -23.5k -23,527
27 Catalyst Capital Advisors LLC 0.44% of their portfolio San Juan, PR 394,205394.2k $21.3m $21.3m 0.44% Reduced -23.5k -23,527
28 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 391,949391.9k $21.1m $21.1m 0.03% Added +297.1k +297,074
29 GenTrust, LLC 0.91% of their portfolio MIAMI, FL 391,088391.1k $21.1m $21.1m 0.91% Added +3.1k +3,059
30 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 344,644344.6k $18.6m $18.6m 0.01% Added +181.5k +181,463
31 Allspring Global Investments Holdings, LLC 0.03% of their portfolio CHARLOTTE, NC 341,146341.1k $18.4m $18.4m 0.03% Unchanged
32 VPR Management LLC 7.49% of their portfolio HOUSTON, TX 311,800311.8k $16.8m $16.8m 7.49% Reduced -40.0k -40,000
33 CADINHA & CO LLC 2.55% of their portfolio HONOLULU, HI 306,875306.9k $16.5m $16.5m 2.55% Added +24.5k +24,545
34 PRUDENTIAL PLC 0.13% of their portfolio LONDON, X0 302,900302.9k $16.3m $16.3m 0.13% New
35 Karpus Management, Inc. 0.48% of their portfolio Pittsford, NY 286,858286.9k $15.5m $15.5m 0.48% Added +17.3k +17,324
36 HRT FINANCIAL LP 0.06% of their portfolio NEW YORK, NY 270,009270.0k $14.6m $14.6m 0.06% Added +254.3k +254,325
37 Ocean Park Asset Management, LLC 0.62% of their portfolio SANTA MONICA, CA 246,674246.7k $13.3m $13.3m 0.62% Unchanged
38 Walleye Trading LLC 0.21% of their portfolio NEW YORK, NY 239,795239.8k $12.9m $12.9m 0.21% Added +64.0k +64,025
39 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 230,426230.4k $12.4m $12.4m 0.00% Added +17.6k +17,561
40 NorthCoast Asset Management LLC 0.27% of their portfolio STAMFORD, CT 222,072222.1k $12.0m $12.0m 0.27% Reduced -134.0k -134,039
41 NISA INVESTMENT ADVISORS, LLC 0.04% of their portfolio ST. LOUIS, MO 203,000203.0k $10.9m $10.9m 0.04% Unchanged
42 PGIM Custom Harvest LLC 0.15% of their portfolio NEWARK, NJ 183,903183.9k $9.9m $9.9m 0.15% Added +17.9k +17,865
43 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 181,492181.5k $9.8m $9.8m 0.01% Reduced -606.8k -606,751
44 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 180,352180.4k $9.7m $9.7m 0.01% Added +89.1k +89,140
45 Tidal Investments LLC 0.04% of their portfolio Milwaukee, WI 167,773167.8k $9.0m $9.0m 0.04% Added +127.1k +127,053
46 CIBC WORLD MARKET INC. 0.02% of their portfolio TORONTO, A6 161,445161.4k $8.7m $8.7m 0.02% Reduced -198.6k -198,606
47 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 160,125160.1k $8.6m $8.6m 0.01% Added +34.1k +34,100
48 Lido Advisors, LLC 0.03% of their portfolio Los Angeles, CA 148,461148.5k $7.5m $7.5m 0.03% Added +3.1k +3,079
49 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 143,279143.3k $7.8m $7.8m 0.01% Added +111.2k +111,150
50 NewSquare Capital LLC 0.67% of their portfolio NEWTOWN SQUARE, PA 140,648140.6k $7.6m $7.6m 0.67% Reduced -17.6k -17,623
51 Strategic Investment Advisors / MI 0.65% of their portfolio FARMINGTON HILLS, MI 139,983140.0k $7.6m $7.6m 0.65% Added +140.0k +139,957
52 LOCKHEED MARTIN INVESTMENT MANAGEMENT CO 0.24% of their portfolio BETHESDA, MD 134,800134.8k $7.3m $7.3m 0.24% Unchanged
53 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 130,236130.2k $7.0m $7.0m 0.00% Unchanged
54 SENTINEL PENSION ADVISORS, LLC 1.04% of their portfolio WAKEFIELD, MA 125,550125.5k $6.8m $6.8m 1.04% Unchanged
55 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 113,030113.0k $6.1m $6.1m 0.00% Reduced -14.9k -14,884
56 Elm Partners Management LLC 0.28% of their portfolio Philadelphia, PA 112,477112.5k $6.1m $6.1m 0.28% Reduced -3.4k -3,356
57 New Vernon Capital Holdings II LLC 2.83% of their portfolio Morristown, NJ 110,826110.8k $6.0m $6.0m 2.83% Unchanged
58 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 110,689110.7k $6.0m $6.0m 0.01% New
59 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 104,029104.0k $5.6m $5.6m 0.01% Reduced -46 -46
60 SOROS FUND MANAGEMENT LLC 0.07% of their portfolio NEW YORK, NY 97,70097.7k $5.3m $5.3m 0.07% Unchanged
61 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.04% of their portfolio Madrid, U3 95,34695.3k $5.2m $5.2m 0.04% Reduced -567.7k -567,695
62 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 93,47693.5k $5.0m $5.0m 0.01% Added +39.9k +39,932
63 State of Wyoming 0.54% of their portfolio CHEYENNE, WY 90,60790.6k $4.9m $4.9m 0.54% Added +81 +81
64 ZACKS INVESTMENT MANAGEMENT 0.04% of their portfolio Chicago, IL 88,49688.5k $4.8m $4.8m 0.04% Added +5.6k +5,618
65 GAMMA Investing LLC 0.23% of their portfolio FOSTER CITY, CA 86,20286.2k $4.6m $4.6m 0.23% New
66 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 82,03382.0k $4.4m $4.4m 0.00% Added +40.8k +40,751
67 Federation des caisses Desjardins du Quebec 0.02% of their portfolio LEVIS, A8 80,62580.6k $4.3m $4.3m 0.02% Added +2.4k +2,406
68 Wakefield Asset Management LLLP 1.15% of their portfolio Englewood, CO 78,59278.6k $4.2m $4.2m 1.15% Reduced -1.0k -1,015
69 SYON CAPITAL LLC 0.19% of their portfolio SAN FRANCISCO, CA 72,47872.5k $3.9m $3.9m 0.19% Reduced -545 -545
70 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 71,45471.5k $3.9m $3.9m 0.01% Reduced -110.5k -110,528
71 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 68,25468.3k $3.7m $3.7m 0.00% Added +553 +553
72 BlueStem Wealth Partners, LLC 0.40% of their portfolio MINNETONKA, MN 66,72866.7k $3.6m $3.6m 0.40% New
73 LMCG INVESTMENTS, LLC 0.19% of their portfolio BOSTON, MA 62,82762.8k $3.4m $3.4m 0.19% Reduced -18.3k -18,329
74 COLTON GROOME FINANCIAL ADVISORS, LLC 0.96% of their portfolio ASHEVILLE, NC 61,85061.9k $3.3m $3.3m 0.96% Added +3.4k +3,427
75 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 61,80061.8k $3.3m $3.3m 0.01% Reduced -94.8k -94,800
76 Park Edge Advisors, LLC 0.75% of their portfolio Cleveland, OH 61,63461.6k $3.3m $3.3m 0.75% New
77 SCOTIA CAPITAL INC. 0.01% of their portfolio TORONTO, A6 60,63160.6k $3.3m $3.3m 0.01% Reduced -6.2k -6,182
78 1607 Capital Partners, LLC 0.21% of their portfolio Richmond, VA 57,49657.5k $3.1m $3.1m 0.21% New
79 Taikang Asset Management (Hong Kong) Co Ltd 0.29% of their portfolio HONG KONG, K3 55,20255.2k $3.0m $3.0m 0.29% Unchanged
80 TD Waterhouse Canada Inc. 0.02% of their portfolio TORONTO, A6 54,24054.2k $2.9m $2.9m 0.02% Added +5.9k +5,884
81 CUMBERLAND ADVISORS INC 1.05% of their portfolio SARASOTA, FL 51,51051.5k $2.8m $2.8m 1.05% Reduced -2.0k -2,050
82 Obsido Oy 1.69% of their portfolio TAMPERE, H9 51,08151.1k $2.8m $2.8m 1.69% Added +2.5k +2,482
83 Moneda S.A. Administradora General de Fondos 2.33% of their portfolio LAS CONDES, SANTIAGO, F3 48,08548.1k $2.6m $2.6m 2.33% Added +995 +995
84 Sava Infond d.o.o. 0.35% of their portfolio MARIBOR, 2A 48,00048.0k $2.6m $2.6m 0.35% Unchanged
85 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 47,37747.4k $2.6m $2.6m 0.00% Reduced -4.6k -4,557
86 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio HARRISBURG, PA 46,35046.4k $2.5m $2.5m 0.01% Unchanged
87 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 45,24545.2k $2.4m $2.4m 0.00% Reduced -481 -481
88 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 44,03344.0k $2.4m $2.4m 0.00% Added +10.9k +10,872
89 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 43,96044.0k $2.4m $2.4m 0.00% Unchanged
90 ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio Boston, MA 41,78841.8k $2.2m $2.2m 0.00% Added +2.0k +1,956
91 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 0.04% of their portfolio BOSTON, MA 40,96241.0k $2.2m $2.2m 0.04% Reduced -36.3k -36,282
92 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 40,18940.2k $2.2m $2.2m 0.01% Added +3.2k +3,202
93 Ameraudi Asset Management, Inc. 1.17% of their portfolio New York, NY 39,63239.6k $2.1m $2.1m 1.17% Reduced -2.6k -2,581
94 ALBION FINANCIAL GROUP /UT 0.13% of their portfolio SALT LAKE CITY, UT 39,00039.0k $2.1m $2.1m 0.13% Unchanged
95 Strategic Financial Partners, Ltd. 0.91% of their portfolio Bend, OR 38,90938.9k $2.1m $2.1m 0.91% Reduced -534 -534
96 Stelac Advisory Services LLC 0.74% of their portfolio NEW YORK, NY 38,63838.6k $2.1m $2.1m 0.74% Reduced -7.8k -7,775
97 Jain Global LLC 0.02% of their portfolio NEW YORK, NY 38,16638.2k $2.1m $2.1m 0.02% Added +10.9k +10,916
98 Legacy PCG, LLC 1.17% of their portfolio IRVINE, CA 35,18435.2k $1.9m $1.9m 1.17% Reduced -1.8k -1,791
99 Robertson Stephens Wealth Management, LLC 0.05% of their portfolio San Francisco, CA 35,18035.2k $1.9m $1.9m 0.05% Added +553 +553
100 Henrickson Nauta Wealth Advisors, Inc. 0.28% of their portfolio BELMONT, MI 34,42934.4k $1.9m $1.9m 0.28% Added +17.2k +17,214