Vault-13

ISHARES INC EWY

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

371 institutional holders +81 vs Q3 2025
54,832,97454.8m shares reported held*
$5.5bnreported value*
101 new 102 added 102 reduced 31 sold out net bought ≈ $1.0bn (+10.2m 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 ($645.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $100.47. Options: 18 managers hold calls ($371.1m notional), 16 hold puts ($519.7m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 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: 290Q4 25: 371371Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025371

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 24: 132 bought or addedQ1 24: 110 cut or sold outQ2 24: 94 bought or addedQ2 24: 147 cut or sold outQ2 24Q3 24: 91 bought or addedQ3 24: 145 cut or sold outQ4 24: 91 bought or addedQ4 24: 139 cut or sold outQ4 24Q1 25: 125 bought or addedQ1 25: 99 cut or sold outQ2 25: 148 bought or addedQ2 25: 104 cut or sold outQ2 25Q3 25: 149 bought or addedQ3 25: 119 cut or sold outQ4 25: 203 bought or addedQ4 25: 133 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024132110
Q2 202494147
Q3 202491145
Q4 202491139
Q1 202512599
Q2 2025148104
Q3 2025149119
Q4 2025203133

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bnQ1 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 0.20Q4 25 calls: $371.1mQ4 25 puts: $519.7mQ4 25P/C 1.40
Numbers
QuarterCallsPutsP/C
Q1 2025$167.1m$71.7m0.43
Q2 2025$788.1m$213.8m0.27
Q3 2025$1.0bn$198.2m0.20
Q4 2025$371.1m$519.7m1.40

Biggest buyers

HSBC HOLDINGS PLC Added +3,692,894+3.7m
BANK OF AMERICA CORP /DE/ Added +1,884,330+1.9m
APPALOOSA LP New +1,875,000+1.9m
YACKTMAN ASSET MANAGEMENT LP New +1,144,611+1.1m
Provida Pension Fund Administrator Added +899,205+899.2k
Temasek Holdings (Private) Ltd Added +858,598+858.6k
MORGAN STANLEY Added +814,877+814.9k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND New +530,000+530.0k
BANK OF NOVA SCOTIA Added +511,500+511.5k
Gemsstock Ltd. New +494,500+494.5k

Biggest sellers

JPMORGAN CHASE & CO Reduced -1,951,438-2.0m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -1,137,503-1.1m
ROYAL BANK OF CANADA Reduced -818,720-818.7k
TD Asset Management Inc Reduced -797,900-797.9k
GOLDMAN SACHS GROUP INC Reduced -727,961-728.0k
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -426,716-426.7k
State of Tennessee, Department of Treasury Reduced -395,879-395.9k
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Reduced -304,258-304.3k
CITIGROUP INC Reduced -269,920-269.9k
SOROS CAPITAL MANAGEMENT LLC Reduced -255,000-255.0k

Biggest calls

TORNO CAPITAL, LLC Not comparable $77.8m800.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $70.9m729.3k shares
Squarepoint Ops LLC Added $29.4m302.2k shares
GOLDMAN SACHS GROUP INC New $27.2m280.0k shares
UBS Group AG Reduced $26.2m269.0k shares
JANE STREET GROUP, LLC Added $24.9m256.2k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $20.9m214.7k shares
CITADEL ADVISORS LLC Reduced $16.6m170.6k shares
MILLENNIUM MANAGEMENT LLC New $14.6m150.0k shares
Jain Global LLC Reduced $14.6m150.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $175.4m1.8m shares
TORNO CAPITAL, LLC Not comparable $110.8m1.1m shares
JANE STREET GROUP, LLC Added $87.9m903.8k shares
GOLDMAN SACHS GROUP INC New $48.6m500.0k shares
CITADEL ADVISORS LLC Added $34.2m352.2k shares
WELLS FARGO & COMPANY/MN Unchanged $14.6m150.0k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $11.7m120.5k shares
BARCLAYS PLC New $9.7m100.0k shares
CITIGROUP INC Reduced $9.7m100.0k shares
KINGDON CAPITAL MANAGEMENT, L.L.C. Reduced $7.3m75.0k 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.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 State of Tennessee, Department of Treasury 2.67% of their portfolio NASHVILLE, TN 6,830,6756.8m $836.1m $836.1m 2.67% Reduced -395.9k -395,879
2 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 5,395,8175.4m $524.6m $524.6m 0.04% Added +1.9m +1,884,330
3 HSBC HOLDINGS PLC 0.10% of their portfolio LONDON, X0 3,794,6743.8m $368.9m $368.9m 0.10% Added +3.7m +3,692,894
4 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 3,405,2053.4m $331.1m $331.1m 0.02% Added +814.9k +814,877
5 Provida Pension Fund Administrator 3.97% of their portfolio LAS CONDES, SANTIAGO, F3 2,361,1042.4m $229.5m $229.5m 3.97% Added +899.2k +899,205
6 Bridgewater Associates, LP 0.73% of their portfolio Westport, CT 2,072,3582.1m $201.5m $201.5m 0.73% Added +37.2k +37,242
7 APPALOOSA LP 2.66% of their portfolio Short Hills, NJ 1,875,0001.9m $182.3m $182.3m 2.66% New
8 Temasek Holdings (Private) Ltd 0.50% of their portfolio SINGAPORE, U0 1,594,9981.6m $155.1m $155.1m 0.50% Added +858.6k +858,598
9 SUN LIFE FINANCIAL INC 7.44% of their portfolio Toronto, A6 1,458,9781.5m $141.8m $141.8m 7.44% Reduced -103.8k -103,766
10 CITIGROUP INC 0.08% of their portfolio NEW YORK, NY 1,252,1231.3m $121.7m $121.7m 0.08% Reduced -269.9k -269,920
11 Rafferty Asset Management, LLC 0.41% of their portfolio New York, NY 1,224,6221.2m $119.1m $119.1m 0.41% Added +373.9k +373,916
12 YACKTMAN ASSET MANAGEMENT LP 1.56% of their portfolio AUSTIN, TX 1,144,6111.1m $111.3m $111.3m 1.56% New
13 NAN FUNG TRINITY (HK) LTD 7.09% of their portfolio CENTRAL, HONG KONG, K3 920,800920.8k $89.5m $89.5m 7.09% Unchanged
14 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 6.70% of their portfolio London, X0 919,724919.7k $89.4m $89.4m 6.70% Added +174.9k +174,937
15 BARCLAYS PLC 0.04% of their portfolio LONDON, X0 910,980911.0k $88.6m $88.6m 0.04% Added +377.7k +377,693
16 SCHRODER INVESTMENT MANAGEMENT GROUP 0.06% of their portfolio London, X0 830,627830.6k $81.9m $81.9m 0.06% Reduced -426.7k -426,716
17 BANK OF NOVA SCOTIA 0.11% of their portfolio TORONTO, A6 773,600773.6k $75.2m $75.2m 0.11% Added +511.5k +511,500
18 USS Investment Management Ltd 0.36% of their portfolio London, X0 740,253740.3k $72.0m $72.0m 0.36% Reduced -127.2k -127,190
19 TD Asset Management Inc 0.06% of their portfolio Toronto, A6 738,632738.6k $71.8m $71.8m 0.06% Reduced -797.9k -797,900
20 CITADEL ADVISORS LLC 0.05% of their portfolio MIAMI, FL 689,290689.3k $67.0m $67.0m 0.05% Added +362.4k +362,431
21 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio Toronto, A6 659,198659.2k $64.1m $64.1m 0.05% Added +485.6k +485,573
22 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.09% of their portfolio TORONTO, A6 530,000530.0k $51.5m $51.5m 0.09% New
23 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.35% of their portfolio Madrid, U3 518,819518.8k $50.6m $50.6m 0.35% Reduced -304.3k -304,258
24 Gemsstock Ltd. 6.06% of their portfolio London, X0 494,500494.5k $48.1m $48.1m 6.06% New
25 UBS Group AG 0.01% of their portfolio ZURICH, V8 488,483488.5k $47.5m $47.5m 0.01% Added +158.2k +158,180
26 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 465,068465.1k $45.2m $45.2m 0.00% Reduced -2.0m -1,951,438
27 BlackRock, Inc. 0.00% of their portfolio New York, NY 419,738419.7k $40.8m $40.8m 0.00% Added +199.5k +199,537
28 EXCHANGE TRADED CONCEPTS, LLC 0.31% of their portfolio Oklahoma City, OK 385,237385.2k $37.5m $37.5m 0.31% Added +384.2k +384,171
29 Horizon Investments, LLC 0.47% of their portfolio Charlotte, NC 384,396384.4k $37.4m $37.4m 0.47% Added +384.4k +384,387
30 MARSHALL WACE, LLP 0.03% of their portfolio LONDON, X0 359,323359.3k $34.9m $34.9m 0.03% Added +240.9k +240,876
31 Main Street Research LLC 1.98% of their portfolio SAUSALITO, CA 355,461355.5k $34.6m $34.6m 1.98% New
32 FMR LLC 0.00% of their portfolio BOSTON, MA 353,138353.1k $34.3m $34.3m 0.00% Reduced -163.2k -163,170
33 Tradewinds Capital Management, LLC 6.65% of their portfolio BELLINGHAM, WA 324,352324.4k $31.5m $31.5m 6.65% New
34 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio BALA CYNWYD, PA 286,734286.7k $27.9m $27.9m 0.04% New
35 Rockefeller Capital Management L.P. 0.05% of their portfolio NEW YORK, NY 270,843270.8k $26.3m $26.3m 0.05% Reduced -7.0k -7,001
36 Cullen Capital Management, LLC 0.29% of their portfolio New York, NY 269,232269.2k $26.2m $26.2m 0.29% Added +46.5k +46,489
37 COMERICA BANK 0.10% of their portfolio DALLAS, TX 245,631245.6k $23.9m $23.9m 0.10% Reduced -29.4k -29,395
38 YOUSIF CAPITAL MANAGEMENT, LLC 0.29% of their portfolio BLOOMFIELD HILLS, MI 240,855240.9k $26.7m $26.7m 0.29% Reduced -29.7k -29,692
39 Owl Creek Asset Management, L.P. 2.67% of their portfolio New York, NY 228,263228.3k $22.2m $22.2m 2.67% New
40 Private Advisory Group LLC 1.72% of their portfolio REDMOND, WA 225,139225.1k $21.9m $21.9m 1.72% Reduced -20.0k -20,010
41 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 217,589217.6k $21.2m $21.2m 0.00% Reduced -728.0k -727,961
42 Mirae Asset Global Investments Co., Ltd. 0.05% of their portfolio SEOUL, M5 196,435196.4k $19.1m $19.1m 0.05% Added +93.1k +93,071
43 Elo Mutual Pension Insurance Co 0.27% of their portfolio ESPOO, H9 184,496184.5k $17.9m $17.9m 0.27% New
44 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio FRANKFURT AM MAIN, 2M 178,008178.0k $17.3m $17.3m 0.02% Added +51.9k +51,937
45 TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio NEW YORK, NY 175,805175.8k $17.1m $17.1m 0.03% Added +142.7k +142,705
46 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 173,315173.3k $16.8m $16.8m 0.02% Added +88.9k +88,922
47 CacheTech Inc. 3.09% of their portfolio LOGAN, UT 171,626171.6k $16.7m $16.7m 3.09% Added +4.6k +4,576
48 New Vernon Capital Holdings II LLC 7.73% of their portfolio Morristown, NJ 167,809167.8k $16.3m $16.3m 7.73% Unchanged
49 STATE OF WISCONSIN INVESTMENT BOARD 0.04% of their portfolio MADISON, WI 167,800167.8k $16.3m $16.3m 0.04% Added +55.0k +55,000
50 Adams Wealth Management 3.39% of their portfolio LOGAN, UT 163,458163.5k $15.9m $15.9m 3.39% Added +4.0k +4,010
51 CAISSE DES DEPOTS ET CONSIGNATIONS 0.36% of their portfolio PARIS, I0 162,000162.0k $15.9m $15.9m 0.36% Unchanged
52 TUDOR INVESTMENT CORP ET AL 0.09% of their portfolio STAMFORD, CT 161,407161.4k $15.7m $15.7m 0.09% Added +83.8k +83,796
53 Ehrenkranz Partners L.P. 17.53% of their portfolio NEW YORK, NY 159,100159.1k $15.5m $15.5m 17.53% Unchanged
54 FIL Ltd 0.01% of their portfolio HAMILTON, D0 153,545153.5k $14.9m $14.9m 0.01% Reduced -6.2k -6,156
55 Cercano Management LLC 0.49% of their portfolio BELLEVUE, WA 132,765132.8k $12.9m $12.9m 0.49% Unchanged
56 Balyasny Asset Management L.P. 0.02% of their portfolio Chicago, IL 132,318132.3k $12.9m $12.9m 0.02% New
57 Vontobel Holding Ltd. 0.04% of their portfolio ZURICH, V8 127,576127.6k $12.4m $12.4m 0.04% Added +6.3k +6,285
58 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 125,489125.5k $12.2m $12.2m 0.00% Added +10.1k +10,147
59 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 121,818121.8k $11.8m $11.8m 0.01% Added +14.5k +14,460
60 Westerkirk Capital Inc. 1.14% of their portfolio VICTORIA, A1 120,237120.2k $11.7m $11.7m 1.14% Added +90.8k +90,805
61 Point72 Asset Management, L.P. 0.02% of their portfolio STAMFORD, CT 118,083118.1k $11.5m $11.5m 0.02% New
62 KINGDON CAPITAL MANAGEMENT, L.L.C. 1.71% of their portfolio NEW YORK, NY 115,000115.0k $11.2m $11.2m 1.71% Reduced -20.0k -20,000
63 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.12% of their portfolio New York, NY 112,684112.7k $11.0m $11.0m 0.12% New
64 CAUSEWAY CAPITAL MANAGEMENT LLC 0.15% of their portfolio LOS ANGELES, CA 110,800110.8k $10.8m $10.8m 0.15% Reduced -111.1k -111,095
65 Maytus Capital Management, LLC 2.53% of their portfolio NEW YORK, NY 110,000110.0k $10.7m $10.7m 2.53% Reduced -91.3k -91,270
66 EVERGREEN CAPITAL MANAGEMENT LLC 0.23% of their portfolio Bellevue, WA 107,640107.6k $10.5m $10.5m 0.23% Reduced -9.4k -9,355
67 CIBC Private Wealth Group LLC 0.02% of their portfolio ATLANTA, GA 105,286105.3k $10.2m $10.2m 0.02% Added +21 +21
68 Pekin Hardy Strauss, Inc. 0.92% of their portfolio CHICAGO, IL 102,867102.9k $10.0m $10.0m 0.92% Added +12.2k +12,230
69 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 93,07993.1k $9.0m $9.0m 0.01% Reduced -94.1k -94,071
70 Black Swift Group, LLC 1.50% of their portfolio BOULDER, CO 92,27692.3k $9.0m $9.0m 1.50% Reduced -6.5k -6,474
71 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 89,57489.6k $8.7m $8.7m 0.00% Reduced -818.7k -818,720
72 Karpus Management, Inc. 0.27% of their portfolio Pittsford, NY 89,08789.1k $8.7m $8.7m 0.27% Reduced -1.6k -1,623
73 Federation des caisses Desjardins du Quebec 0.03% of their portfolio LEVIS, A8 89,03489.0k $8.7m $8.7m 0.03% Added +72.3k +72,334
74 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 85,04085.0k $8.3m $8.3m 0.01% Added +3.8k +3,825
75 BANQUE PICTET & CIE SA 0.08% of their portfolio GENEVA 73, V8 84,76984.8k $8.2m $8.2m 0.08% Added +4.6k +4,600
76 Jordan Park Group LLC 0.48% of their portfolio SAN FRANCISCO, CA 84,58184.6k $8.2m $8.2m 0.48% Reduced -248.6k -248,557
77 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 84,20084.2k $8.2m $8.2m 0.00% Added +65.4k +65,413
78 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 81,22081.2k $7.9m $7.9m 0.01% Added +7.4k +7,365
79 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 71,07271.1k $6.9m $6.9m 0.00% Added +173 +173
80 Foundations Investment Advisors, LLC 0.09% of their portfolio PHOENIX, AZ 70,77470.8k $6.9m $6.9m 0.09% New
81 Venturi Wealth Management, LLC 0.30% of their portfolio AUSTIN, TX 69,48069.5k $6.8m $6.8m 0.30% New
82 Aragon Global Management, LP 1.98% of their portfolio MIAMI, FL 67,20067.2k $6.5m $6.5m 1.98% New
83 Jain Global LLC 0.06% of their portfolio NEW YORK, NY 65,44865.4k $6.4m $6.4m 0.06% Added +35.6k +35,627
84 Financiere des Professionnels - Fonds d'investissement inc. 0.36% of their portfolio MONTREAL, A8 65,00065.0k $6.3m $6.3m 0.36% Unchanged
85 Aristotle Capital Management, LLC 0.01% of their portfolio LOS ANGELES, CA 63,96564.0k $6.2m $6.2m 0.01% Reduced -1.8k -1,814
86 SUMMIT SECURITIES GROUP LLC 1.09% of their portfolio NEW YORK, NY 63,10063.1k $6.1m $6.1m 1.09% New
87 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 61,40361.4k $6.0m $6.0m 0.01% Added +1.4k +1,389
88 Journey Advisory Group, LLC 0.49% of their portfolio COVINGTON, KY 60,00160.0k $5.8m $5.8m 0.49% Added +198 +198
89 Trivium Point Advisory, LLC 0.53% of their portfolio WILTON, CT 54,38554.4k $5.3m $5.3m 0.53% New
90 SONA ASSET MANAGEMENT (US) LLC 0.17% of their portfolio NEW YORK, NY 53,00053.0k $5.2m $5.2m 0.17% Reduced -21.0k -21,000
91 LMCG INVESTMENTS, LLC 0.29% of their portfolio BOSTON, MA 52,66752.7k $5.1m $5.1m 0.29% Reduced -1.6k -1,612
92 BESSEMER GROUP INC 0.01% of their portfolio WOODBRIDGE, NJ 52,64952.6k $5.1m $5.1m 0.01% Reduced -7.4k -7,373
93 SOROS CAPITAL MANAGEMENT LLC 1.34% of their portfolio New York, NY 52,60052.6k $5.1m $5.1m 1.34% Reduced -255.0k -255,000
94 Lido Advisors, LLC 0.02% of their portfolio Los Angeles, CA 50,15650.2k $4.1m $4.1m 0.02% Added +1.1k +1,050
95 ALTFEST L J & CO INC 0.52% of their portfolio NEW YORK, NY 49,09049.1k $4.8m $4.8m 0.52% Reduced -10.3k -10,270
96 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 47,50747.5k $4.6m $4.6m 0.00% Reduced -11.9k -11,911
97 Valence8 US LP 1.34% of their portfolio Cambridge, MA 46,55746.6k $4.5m $4.5m 1.34% Reduced -37.2k -37,189
98 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 45,58945.6k $4.4m $4.4m 0.00% Reduced -15.3k -15,344
99 Allianz Asset Management GmbH 0.00% of their portfolio MUNICH, 2M 44,59544.6k $4.3m $4.3m 0.00% Reduced -373 -373
100 NISSAY ASSET MANAGEMENT CORP /JAPAN 0.02% of their portfolio Tokyo, M0 44,14744.1k $4.3m $4.3m 0.02% New