Vault-13

ISHARES INC EWY

MSCI STH KOR ETF · ETP · CUSIP 464286772 · ISIN US4642867729

290 institutional holders +17 vs Q2 2025
44,937,27044.9m shares reported held*
$3.6bnreported value*
57 new 92 added 80 reduced 39 sold out net sold ≈ $190.0m (-2.3m 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 ($2.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $79.98. Options: 21 managers hold calls ($1.0bn notional), 16 hold puts ($198.2m).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 212Q4 22: 224Q1 23: 238Q2 23: 247Q3 23: 244Q4 23: 253Q1 24: 265Q2 24: 257Q3 24: 240Q4 24: 228Q1 25: 239Q2 25: 273Q3 25: 290290Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022212
Q4 2022224
Q1 2023238
Q2 2023247
Q3 2023244
Q4 2023253
Q1 2024265
Q2 2024257
Q3 2024240
Q4 2024228
Q1 2025239
Q2 2025273
Q3 2025290

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 23: 120 bought or addedQ4 23: 109 cut or sold outQ1 24: 132 bought or addedQ1 24: 110 cut or sold outQ1 24Q2 24: 94 bought or addedQ2 24: 147 cut or sold outQ3 24: 91 bought or addedQ3 24: 145 cut or sold outQ3 24Q4 24: 91 bought or addedQ4 24: 139 cut or sold outQ1 25: 125 bought or addedQ1 25: 99 cut or sold outQ1 25Q2 25: 148 bought or addedQ2 25: 104 cut or sold outQ3 25: 149 bought or addedQ3 25: 119 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023120109
Q1 2024132110
Q2 202494147
Q3 202491145
Q4 202491139
Q1 202512599
Q2 2025148104
Q3 2025149119

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bnQ4 24 calls: $177.6mQ4 24 puts: $162.9mQ4 24P/C 0.92Q1 25 calls: $167.1mQ1 25 puts: $71.7mQ1 25P/C 0.43Q2 25 calls: $788.1mQ2 25 puts: $213.8mQ2 25P/C 0.27Q3 25 calls: $1.0bnQ3 25 puts: $198.2mQ3 25P/C 0.20
Numbers
QuarterCallsPutsP/C
Q4 2024$177.6m$162.9m0.92
Q1 2025$167.1m$71.7m0.43
Q2 2025$788.1m$213.8m0.27
Q3 2025$1.0bn$198.2m0.20

Biggest buyers

JPMORGAN CHASE & CO Added +1,350,249+1.4m
BANK OF AMERICA CORP /DE/ Added +1,183,345+1.2m
TD Asset Management Inc Added +708,000+708.0k
Bridgewater Associates, LP Added +407,492+407.5k
Provida Pension Fund Administrator Added +393,660+393.7k
MORGAN STANLEY Added +380,303+380.3k
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Added +365,091+365.1k
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD Added +312,298+312.3k
BANK OF NOVA SCOTIA New +262,100+262.1k
CAUSEWAY CAPITAL MANAGEMENT LLC New +221,895+221.9k

Biggest sellers

PointState Capital LP Sold out -1,868,227-1.9m
HSBC HOLDINGS PLC Reduced -1,194,491-1.2m
BARCLAYS PLC Reduced -866,796-866.8k
UBS Group AG Reduced -749,158-749.2k
SUMITOMO MITSUI FINANCIAL GROUP, INC. Sold out -680,000-680.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -630,029-630.0k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -394,755-394.8k
Owl Creek Asset Management, L.P. Sold out -304,386-304.4k
CITADEL ADVISORS LLC Reduced -300,324-300.3k
USS Investment Management Ltd Reduced -280,533-280.5k

Biggest calls

Owl Creek Asset Management, L.P. Added $195.5m2.4m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $157.6m2.0m shares
TUDOR INVESTMENT CORP ET AL Added $111.2m1.4m shares
BARCLAYS PLC Added $110.1m1.4m shares
BANK OF AMERICA CORP /DE/ Added $98.5m1.2m shares
CITADEL ADVISORS LLC Reduced $76.9m960.3k shares
UBS Group AG Reduced $49.0m611.8k shares
ROYAL BANK OF CANADA Added $44.5m555.0k shares
Jain Global LLC New $43.3m540.0k shares
SONA ASSET MANAGEMENT (US) LLC New $40.0m500.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $71.6m893.3k shares
CITADEL ADVISORS LLC Added $27.9m347.9k shares
BNP PARIBAS FINANCIAL MARKETS Added $16.4m2.0k shares
CITIGROUP INC Added $16.0m200.0k shares
KINGDON CAPITAL MANAGEMENT, L.L.C. New $15.2m190.0k shares
WELLS FARGO & COMPANY/MN Added $12.0m150.0k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $12.0m149.9k shares
WOLVERINE TRADING, LLC Added $7.0m87.7k shares
BANK OF AMERICA CORP /DE/ Reduced $6.1m76.4k shares
Twin Tree Management, LP New $6.0m75.3k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 State of Tennessee, Department of Treasury 1.93% of their portfolio NASHVILLE, TN 7,226,5547.2m $578.8m $578.8m 1.93% Reduced -27.1k -27,060
2 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 3,511,4873.5m $281.3m $281.3m 0.02% Added +1.2m +1,183,345
3 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,590,3282.6m $207.5m $207.5m 0.01% Added +380.3k +380,303
4 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 2,416,5062.4m $193.6m $193.6m 0.01% Added +1.4m +1,350,249
5 Bridgewater Associates, LP 0.64% of their portfolio Westport, CT 2,035,1162.0m $163.0m $163.0m 0.64% Added +407.5k +407,492
6 SUN LIFE FINANCIAL INC 6.38% of their portfolio Toronto, A6 1,562,7441.6m $125.2m $125.2m 6.38% Reduced -98.0k -98,029
7 TD Asset Management Inc 0.10% of their portfolio Toronto, A6 1,536,5321.5m $123.1m $123.1m 0.10% Added +708.0k +708,000
8 CITIGROUP INC 0.08% of their portfolio NEW YORK, NY 1,522,0431.5m $121.9m $121.9m 0.08% Reduced -78.5k -78,477
9 Provida Pension Fund Administrator 2.04% of their portfolio LAS CONDES, SANTIAGO, F3 1,461,8991.5m $116.8m $116.8m 2.04% Added +393.7k +393,660
10 SCHRODER INVESTMENT MANAGEMENT GROUP 0.08% of their portfolio London, X0 1,257,3431.3m $100.9m $100.9m 0.08% Added +191.7k +191,723
11 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.06% of their portfolio BOSTON, MA 1,141,4971.1m $91.4m $91.4m 0.06% Reduced -394.8k -394,755
12 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 945,550945.5k $75.7m $75.7m 0.01% Reduced -129.7k -129,748
13 NAN FUNG TRINITY (HK) LTD 7.36% of their portfolio CENTRAL, HONG KONG, K3 920,800920.8k $73.8m $73.8m 7.36% Unchanged
14 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 908,294908.3k $72.8m $72.8m 0.01% Added +82.2k +82,204
15 USS Investment Management Ltd 0.33% of their portfolio London, X0 867,443867.4k $69.5m $69.5m 0.33% Reduced -280.5k -280,533
16 Rafferty Asset Management, LLC 0.22% of their portfolio New York, NY 850,706850.7k $68.1m $68.1m 0.22% Reduced -134.6k -134,585
17 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.50% of their portfolio Madrid, U3 823,077823.1k $65.8m $65.8m 0.50% Added +365.1k +365,091
18 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 4.41% of their portfolio London, X0 744,787744.8k $59.7m $59.7m 4.41% Added +312.3k +312,298
19 Temasek Holdings (Private) Ltd 0.21% of their portfolio SINGAPORE, U0 736,400736.4k $59.0m $59.0m 0.21% Unchanged
20 BARCLAYS PLC 0.02% of their portfolio LONDON, X0 533,287533.3k $42.7m $42.7m 0.02% Reduced -866.8k -866,796
21 FMR LLC 0.00% of their portfolio BOSTON, MA 516,308516.3k $41.4m $41.4m 0.00% Added +2.0k +2,044
22 Jordan Park Group LLC 1.20% of their portfolio SAN FRANCISCO, CA 333,138333.1k $21.1m $21.1m 1.20% Added +185.7k +185,703
23 UBS Group AG 0.01% of their portfolio ZURICH, V8 330,303330.3k $26.5m $26.5m 0.01% Reduced -749.2k -749,158
24 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 326,859326.9k $26.2m $26.2m 0.02% Reduced -300.3k -300,324
25 SOROS CAPITAL MANAGEMENT LLC 6.09% of their portfolio New York, NY 307,600307.6k $24.6m $24.6m 6.09% Added +78.5k +78,500
26 Rockefeller Capital Management L.P. 0.04% of their portfolio NEW YORK, NY 277,844277.8k $22.3m $22.3m 0.04% Reduced -145.6k -145,554
27 COMERICA BANK 0.08% of their portfolio DALLAS, TX 275,026275.0k $22.0m $22.0m 0.08% Reduced -737 -737
28 YOUSIF CAPITAL MANAGEMENT, LLC 0.23% of their portfolio BLOOMFIELD HILLS, MI 270,547270.5k $21.7m $21.7m 0.23% Unchanged
29 BANK OF NOVA SCOTIA 0.04% of their portfolio TORONTO, A6 262,100262.1k $21.0m $21.0m 0.04% New
30 Private Advisory Group LLC 1.71% of their portfolio REDMOND, WA 245,149245.1k $19.6m $19.6m 1.71% Reduced -69.2k -69,193
31 Cullen Capital Management, LLC 0.20% of their portfolio New York, NY 222,743222.7k $17.8m $17.8m 0.20% Added +26.3k +26,341
32 CAUSEWAY CAPITAL MANAGEMENT LLC 0.23% of their portfolio LOS ANGELES, CA 221,895221.9k $17.8m $17.8m 0.23% New
33 BlackRock, Inc. 0.00% of their portfolio New York, NY 220,201220.2k $17.6m $17.6m 0.00% Added +207.1k +207,080
34 Trium Capital LLP 6.42% of their portfolio LONDON, X0 204,365204.4k $16.4m $16.4m 6.42% Reduced -170.4k -170,367
35 Maytus Capital Management, LLC 3.46% of their portfolio NEW YORK, NY 201,270201.3k $16.1m $16.1m 3.46% Added +72.1k +72,130
36 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 187,150187.2k $15.0m $15.0m 0.01% Added +40.7k +40,716
37 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 173,625173.6k $13.9m $13.9m 0.01% Reduced -94.3k -94,252
38 New Vernon Capital Holdings II LLC 6.19% of their portfolio Morristown, NJ 167,809167.8k $13.4m $13.4m 6.19% Added +10.7k +10,743
39 CacheTech Inc. 2.70% of their portfolio LOGAN, UT 167,050167.1k $13.4m $13.4m 2.70% New
40 Graham Capital Management, L.P. 0.49% of their portfolio ROWAYTON, CT 165,220165.2k $13.2m $13.2m 0.49% New
41 CAISSE DES DEPOTS ET CONSIGNATIONS 0.55% of their portfolio PARIS, I0 162,000162.0k $12.9m $12.9m 0.55% Unchanged
42 FIL Ltd 0.01% of their portfolio HAMILTON, D0 159,701159.7k $12.8m $12.8m 0.01% Reduced -186.6k -186,571
43 Adams Wealth Management 2.74% of their portfolio LOGAN, UT 159,448159.4k $12.8m $12.8m 2.74% New
44 Ehrenkranz Partners L.P. 11.17% of their portfolio NEW YORK, NY 159,100159.1k $12.7m $12.7m 11.17% First filing
45 KINGDON CAPITAL MANAGEMENT, L.L.C. 1.69% of their portfolio NEW YORK, NY 135,000135.0k $10.8m $10.8m 1.69% Reduced -65.0k -65,000
46 Cercano Management LLC 0.41% of their portfolio BELLEVUE, WA 132,765132.8k $10.6m $10.6m 0.41% Added +89.6k +89,564
47 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 126,071126.1k $10.1m $10.1m 0.01% Added +67.2k +67,163
48 Twin Tree Management, LP 0.47% of their portfolio DALLAS, TX 125,957126.0k $10.1m $10.1m 0.47% Reduced -71.3k -71,312
49 Vontobel Holding Ltd. 0.03% of their portfolio ZURICH, V8 121,291121.3k $9.7m $9.7m 0.03% Added +2.0k +2,006
50 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 118,447118.4k $9.5m $9.5m 0.01% New
51 EVERGREEN CAPITAL MANAGEMENT LLC 0.22% of their portfolio Bellevue, WA 116,995117.0k $9.4m $9.4m 0.22% Added +90 +90
52 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 115,342115.3k $9.2m $9.2m 0.00% Added +9.3k +9,307
53 STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio MADISON, WI 112,800112.8k $9.0m $9.0m 0.02% Reduced -26.2k -26,200
54 WOLVERINE TRADING, LLC 0.18% of their portfolio CHICAGO, IL 112,545112.5k $9.0m $9.0m 0.18% Added +40.3k +40,313
55 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 107,358107.4k $8.6m $8.6m 0.01% Added +11.6k +11,630
56 CIBC Private Wealth Group LLC 0.01% of their portfolio ATLANTA, GA 105,265105.3k $8.4m $8.4m 0.01% Unchanged
57 Mirae Asset Global Investments Co., Ltd. 0.03% of their portfolio SEOUL, M5 103,364103.4k $8.3m $8.3m 0.03% Added +58.9k +58,870
58 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 101,780101.8k $8.2m $8.2m 0.00% Reduced -1.2m -1,194,491
59 Black Swift Group, LLC 1.39% of their portfolio BOULDER, CO 98,75098.8k $7.9m $7.9m 1.39% Added +430 +430
60 Karpus Management, Inc. 0.23% of their portfolio Pittsford, NY 90,71090.7k $7.3m $7.3m 0.23% Added +7.3k +7,292
61 Pekin Hardy Strauss, Inc. 0.73% of their portfolio CHICAGO, IL 90,63790.6k $7.3m $7.3m 0.73% Added +6.5k +6,547
62 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 84,39384.4k $6.8m $6.8m 0.01% Reduced -35.1k -35,150
63 Valence8 US LP 2.30% of their portfolio Cambridge, MA 83,74683.7k $6.7m $6.7m 2.30% Unchanged
64 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 81,21581.2k $6.5m $6.5m 0.01% Added +4.7k +4,733
65 BANQUE PICTET & CIE SA 0.06% of their portfolio GENEVA 73, V8 80,16980.2k $6.4m $6.4m 0.06% Unchanged
66 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 79,01179.0k $6.3m $6.3m 0.01% New
67 TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio STAMFORD, CT 77,61177.6k $6.2m $6.2m 0.04% New
68 Kingsview Wealth Management, LLC 0.09% of their portfolio GRANTS PASS, OR 75,03075.0k $6.0m $6.0m 0.09% New
69 SONA ASSET MANAGEMENT (US) LLC 0.23% of their portfolio NEW YORK, NY 74,00074.0k $5.9m $5.9m 0.23% Added +37.0k +37,000
70 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 73,85573.9k $5.9m $5.9m 0.01% Added +24.3k +24,273
71 Allspring Global Investments Holdings, LLC 0.01% of their portfolio CHARLOTTE, NC 71,86471.9k $5.8m $5.8m 0.01% Reduced -67.3k -67,300
72 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 71,83871.8k $5.8m $5.8m 0.01% New
73 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 70,89970.9k $5.7m $5.7m 0.00% Reduced -162.2k -162,219
74 Morningstar Investment Management LLC 0.20% of their portfolio CHICAGO, IL 67,90967.9k $5.4m $5.4m 0.20% Reduced -250.5k -250,548
75 Jefferies Financial Group Inc. 0.05% of their portfolio NEW YORK, NY 67,90367.9k $5.4m $5.4m 0.05% Added +64.5k +64,483
76 GROUP ONE TRADING LLC 0.16% of their portfolio CHICAGO, IL 66,10766.1k $5.3m $5.3m 0.16% Added +11.2k +11,195
77 Aristotle Capital Management, LLC 0.01% of their portfolio LOS ANGELES, CA 65,77965.8k $5.3m $5.3m 0.01% Reduced -3.0k -3,010
78 Financiere des Professionnels - Fonds d'investissement inc. 0.30% of their portfolio MONTREAL, A8 65,00065.0k $5.2m $5.2m 0.30% Unchanged
79 Optiver Holding B.V. 0.08% of their portfolio AMSTERDAM, P7 62,29662.3k $5.0m $5.0m 0.08% Added +62.0k +61,954
80 IMC-Chicago, LLC 0.09% of their portfolio CHICAGO, IL 61,96762.0k $5.0m $5.0m 0.09% Added +33.8k +33,822
81 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 60,93360.9k $4.9m $4.9m 0.00% Reduced -1.7k -1,694
82 BESSEMER GROUP INC 0.01% of their portfolio WOODBRIDGE, NJ 60,02260.0k $4.8m $4.8m 0.01% Added +619 +619
83 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 60,01460.0k $4.8m $4.8m 0.01% Reduced -12.6k -12,648
84 Journey Advisory Group, LLC 0.35% of their portfolio COVINGTON, KY 59,80359.8k $4.8m $4.8m 0.35% Reduced -11.4k -11,365
85 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 59,41859.4k $4.8m $4.8m 0.00% Added +29.8k +29,796
86 ALTFEST L J & CO INC 0.53% of their portfolio NEW YORK, NY 59,36059.4k $4.8m $4.8m 0.53% Reduced -30.3k -30,272
87 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 56,65356.7k $4.5m $4.5m 0.00% Reduced -37.8k -37,808
88 Cubist Systematic Strategies, LLC 0.06% of their portfolio STAMFORD, CT 55,27855.3k $4.4m $4.4m 0.06% New
89 FLOW TRADERS U.S. LLC 0.18% of their portfolio NEW YORK, NY 54,76554.8k $4.4m $4.4m 0.18% New
90 LMCG INVESTMENTS, LLC 0.26% of their portfolio BOSTON, MA 54,27954.3k $4.3m $4.3m 0.26% Reduced -1.2k -1,184
91 Trek Financial, LLC 0.25% of their portfolio Scottsdale, AZ 52,35852.4k $4.2m $4.2m 0.25% New
92 Lido Advisors, LLC 0.02% of their portfolio Los Angeles, CA 49,10649.1k $3.9m $3.9m 0.02% Added +27.3k +27,288
93 NKCFO LLC 1.11% of their portfolio GENEVA, IL 46,00046.0k $3.7m $3.7m 1.11% New
94 Allianz Asset Management GmbH 0.00% of their portfolio MUNICH, 2M 44,96845.0k $3.6m $3.6m 0.00% Added +38.2k +38,183
95 SIMPLEX TRADING, LLC 0.08% of their portfolio CHICAGO, IL 44,86744.9k $3.6m $3.6m 0.08% New
96 Prostatis Group LLC 0.88% of their portfolio HANOVER, MD 44,07544.1k $3.5m $3.5m 0.88% Added +1.7k +1,741
97 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 41,40841.4k $3.3m $3.3m 0.01% Added +19.3k +19,330
98 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 40,41340.4k $3.2m $3.2m 0.00% Reduced -5.4k -5,419
99 FIDUCIARY FINANCIAL GROUP, LLC 0.50% of their portfolio SAN RAFAEL, CA 39,41039.4k $3.2m $3.2m 0.50% Added +68 +68
100 Clear Harbor Asset Management, LLC 0.22% of their portfolio Stamford, CT 38,97739.0k $3.1m $3.1m 0.22% Reduced -2.3k -2,293