Vault-13

ISHARES INC EZA

MSCI STH AFR ETF · ETP · CUSIP 464286780

93 institutional holders +19 vs Q3 2025
8,138,6958.1m shares reported held*
$572.1mreported value*
28 new 21 added 24 reduced 12 sold out net bought ≈ $70.0m (+1.0m 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 ($851.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $70.29. Options: 2 managers hold calls ($516.0k notional), 7 hold puts ($203.6m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 79Q4 22: 88Q1 23: 82Q2 23: 73Q3 23: 71Q4 23: 75Q1 24: 66Q2 24: 65Q3 24: 77Q4 24: 73Q1 25: 64Q2 25: 69Q3 25: 74Q4 25: 9393Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202279
Q4 202288
Q1 202382
Q2 202373
Q3 202371
Q4 202375
Q1 202466
Q2 202465
Q3 202477
Q4 202473
Q1 202564
Q2 202569
Q3 202574
Q4 202593

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q1 24: 27 bought or addedQ1 24: 41 cut or sold outQ2 24: 25 bought or addedQ2 24: 35 cut or sold outQ2 24Q3 24: 36 bought or addedQ3 24: 31 cut or sold outQ4 24: 38 bought or addedQ4 24: 38 cut or sold outQ4 24Q1 25: 26 bought or addedQ1 25: 33 cut or sold outQ2 25: 25 bought or addedQ2 25: 35 cut or sold outQ2 25Q3 25: 34 bought or addedQ3 25: 29 cut or sold outQ4 25: 49 bought or addedQ4 25: 36 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20242741
Q2 20242535
Q3 20243631
Q4 20243838
Q1 20252633
Q2 20252535
Q3 20253429
Q4 20254936

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ1 25 calls: $640.1kQ1 25 puts: $2.7mQ1 25P/C 4.21Q2 25 calls: $220.4kQ2 25 puts: $3.6mQ2 25P/C 16.18Q3 25 calls: $256.4kQ3 25 puts: $2.6mQ3 25P/C 10.32Q4 25 calls: $516.0kQ4 25 puts: $203.6mQ4 25P/C 394.57
Numbers
QuarterCallsPutsP/C
Q1 2025$640.1k$2.7m4.21
Q2 2025$220.4k$3.6m16.18
Q3 2025$256.4k$2.6m10.32
Q4 2025$516.0k$203.6m394.57

Biggest buyers

HSBC HOLDINGS PLC New +1,825,966+1.8m
BANK OF NOVA SCOTIA New +186,100+186.1k
CITADEL ADVISORS LLC New +118,603+118.6k
Trium Capital LLP New +95,615+95.6k
Korea Investment CORP Added +70,000+70.0k
Synergy Asset Management, LLC New +31,553+31.6k
UBS Group AG Added +29,386+29.4k
Eschler Asset Management LLP New +27,000+27.0k
Focus Partners Wealth New +23,524+23.5k
SEI INVESTMENTS CO New +22,500+22.5k

Biggest sellers

JPMORGAN CHASE & CO Reduced -779,098-779.1k
BlackRock, Inc. Reduced -191,466-191.5k
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Sold out -166,587-166.6k
Graham Capital Management, L.P. Sold out -139,545-139.5k
Carrera Capital Advisors Reduced -134,138-134.1k
NorthCoast Asset Management LLC Sold out -22,267-22.3k
SG Americas Securities, LLC Reduced -21,806-21.8k
Allspring Global Investments Holdings, LLC Reduced -20,765-20.8k
Cetera Investment Advisers Sold out -14,302-14.3k
ROYAL BANK OF CANADA Reduced -11,893-11.9k

Biggest calls

CITADEL ADVISORS LLC Added $309.6k4.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $206.4k3.0k shares

Biggest puts

TORNO CAPITAL, LLC Not comparable $88.0m1.3m shares
CITADEL ADVISORS LLC Added $38.1m553.5k shares
CITIGROUP INC New $37.7m547.3k shares
GOLDMAN SACHS GROUP INC New $20.6m300.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $18.7m271.9k shares
JANE STREET GROUP, LLC Added $309.6k4.5k shares
Belvedere Trading LLC New $213.3k3.1k 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.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: FIL Ltd (1.2%, 2026-08-06)

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 State of Tennessee, Department of Treasury 0.64% of their portfolio NASHVILLE, TN 2,754,1192.8m $201.6m $201.6m 0.64% Unchanged
2 HSBC HOLDINGS PLC 0.04% of their portfolio LONDON, X0 1,825,9661.8m $125.6m $125.6m 0.04% New
3 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 987,680987.7k $68.0m $68.0m 0.00% Reduced -779.1k -779,098
4 TORNO CAPITAL, LLC 7.39% of their portfolio COHASSET, MA 370,000370.0k $25.5m $25.5m 7.39% Not comparable
5 STRS OHIO 0.06% of their portfolio COLUMBUS, OH 250,000250.0k $17.2m $17.2m 0.06% Unchanged
6 Korea Investment CORP 0.03% of their portfolio SEOUL, M5 194,164194.2k $13.4m $13.4m 0.03% Added +70.0k +70,000
7 BANK OF NOVA SCOTIA 0.02% of their portfolio TORONTO, A6 186,100186.1k $12.8m $12.8m 0.02% New
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 160,944160.9k $11.1m $11.1m 0.00% Added +3.5k +3,457
9 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 118,603118.6k $8.2m $8.2m 0.01% New
10 Millburn Ridgefield LLC /DE/ 0.17% of their portfolio New York, NY 106,287106.3k $7.3m $7.3m 0.17% Reduced -5.7k -5,652
11 Catalyst Capital Advisors LLC 0.15% of their portfolio San Juan, PR 106,287106.3k $7.3m $7.3m 0.15% Reduced -5.7k -5,652
12 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 100,040100.0k $6.9m $6.9m 0.00% Added +6.1k +6,063
13 Trium Capital LLP 5.11% of their portfolio LONDON, X0 95,61595.6k $6.6m $6.6m 5.11% New
14 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 93,39393.4k $6.4m $6.4m 0.01% Reduced -1.7k -1,747
15 UBS Group AG 0.00% of their portfolio ZURICH, V8 59,92759.9k $4.1m $4.1m 0.00% Added +29.4k +29,386
16 PICTON MAHONEY ASSET MANAGEMENT 0.03% of their portfolio Toronto, A6 39,23439.2k $2.7m $2.7m 0.03% Reduced -2.9k -2,900
17 Private Wealth Advisors, LLC 0.86% of their portfolio Fresno, CA 34,70834.7k $2.4m $2.4m 0.86% Reduced -185 -185
18 Synergy Asset Management, LLC 0.23% of their portfolio VANCOUVER, WA 31,55331.6k $2.2m $2.2m 0.23% New
19 One Capital Management, LLC 0.06% of their portfolio WESTLAKE VILLAGE, CA 31,14131.1k $2.1m $2.1m 0.06% Added +3.1k +3,081
20 Monument Capital Management 0.53% of their portfolio ALEXANDRIA, VA 30,70130.7k $2.1m $2.1m 0.53% Added +1.2k +1,210
21 Cobblestone Asset Management LLC 0.92% of their portfolio RICHMOND, VA 29,92029.9k $2.1m $2.1m 0.92% Added +8.8k +8,791
22 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 29,12429.1k $2.0m $2.0m 0.00% Reduced -20.8k -20,765
23 Eschler Asset Management LLP 1.26% of their portfolio London, X0 27,00027.0k $1.9m $1.9m 1.26% New
24 INNEALTA CAPITAL, LLC 0.96% of their portfolio AUSTIN, TX 25,86025.9k $1.8m $1.8m 0.96% Added +4.2k +4,163
25 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 23,52423.5k $1.6m $1.6m 0.00% New
26 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 22,50022.5k $1.5m $1.5m 0.00% New
27 CAUSEWAY CAPITAL MANAGEMENT LLC 0.02% of their portfolio LOS ANGELES, CA 22,50022.5k $1.5m $1.5m 0.02% New
28 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 22,16122.2k $1.5m $1.5m 0.00% Added +5.8k +5,850
29 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 21,60421.6k $1.5m $1.5m 0.00% Added +907 +907
30 NATIXIS 0.01% of their portfolio PARIS, I0 20,63220.6k $1.4m $1.4m 0.01% Added +8.2k +8,213
31 Carrera Capital Advisors 0.24% of their portfolio TROY, MI 20,42120.4k $1.4m $1.4m 0.24% Reduced -134.1k -134,138
32 Moneda S.A. Administradora General de Fondos 1.18% of their portfolio LAS CONDES, SANTIAGO, F3 19,13819.1k $1.3m $1.3m 1.18% Added +1.9k +1,864
33 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 16,66916.7k $1.1m $1.1m 0.00% New
34 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 16,43216.4k $1.1m $1.1m 0.00% Reduced -3.5k -3,481
35 BAR HARBOR WEALTH MANAGEMENT 0.06% of their portfolio CONCORD, NH 16,00916.0k $1.1m $1.1m 0.06% Unchanged
36 State of Wyoming 0.12% of their portfolio CHEYENNE, WY 15,36015.4k $1.1m $1.1m 0.12% Reduced -1.3k -1,320
37 Mount Lucas Management LP 0.46% of their portfolio Newtown, PA 15,00115.0k $1.0m $1.0m 0.46% Reduced -948 -948
38 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 13,78113.8k $948.1k $948.1k 0.00% Unchanged
39 Providence First Trust Co 0.31% of their portfolio SCOTTSDALE, AZ 13,19213.2k $907.6k $907.6k 0.31% New
40 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 13,14813.1k $904.6k $904.6k 0.00% Added +750 +750
41 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 12,94112.9k $890.3k $890.3k 0.00% Reduced -120 -120
42 SCOTIA CAPITAL INC. 0.00% of their portfolio TORONTO, A6 12,37212.4k $851.2k $851.2k 0.00% Added +91 +91
43 Trek Financial, LLC 0.04% of their portfolio Scottsdale, AZ 11,02211.0k $758.3k $758.3k 0.04% New
44 BlackRock, Inc. 0.00% of their portfolio New York, NY 10,86010.9k $747.2k $747.2k 0.00% Reduced -191.5k -191,466
45 SBI Securities Co., Ltd. 0.02% of their portfolio TOKYO, M0 8,6658.7k $596.2k $596.2k 0.02% Reduced -631 -631
46 Avos Capital Management, LLC 0.24% of their portfolio SEATTLE, WA 8,0588.1k $554.4k $554.4k 0.24% Unchanged
47 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 7,6657.7k $527.4k $527.4k 0.00% Reduced -2.9k -2,900
48 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 6,7906.8k $467.0k $467.0k 0.00% Reduced -11.9k -11,893
49 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 6,1096.1k $420.3k $420.3k 0.00% Added +627 +627
50 Arrow Investment Advisors, LLC 0.45% of their portfolio LAUREL, MD 5,8565.9k $402.9k $402.9k 0.45% Reduced -3.2k -3,193
51 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 5,8235.8k $400.6k $400.6k 0.00% Added +923 +923
52 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 5,7505.8k $395.6k $395.6k 0.00% Added +3.5k +3,500
53 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 5,5215.5k $380.0k $380.0k 0.00% Reduced -21.8k -21,806
54 J. Team Financial, Inc. 0.37% of their portfolio ABILENE, TX 5,4495.4k $374.9k $374.9k 0.37% New
55 GOULD ASSET MANAGEMENT LLC /CA/ 0.06% of their portfolio CLAREMONT, CA 5,0305.0k $346.1k $346.1k 0.06% Unchanged
56 FIL Ltd 0.00% of their portfolio HAMILTON, D0 4,9484.9k $340.4k $340.4k 0.00% Unchanged
57 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.00% of their portfolio Madrid, U3 4,3714.4k $301.9k $301.9k 0.00% New
58 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 4,1014.1k $282.1k $282.1k 0.00% New
59 Boltwood Capital Management 0.06% of their portfolio WALNUT CREEK, CA 3,6003.6k $247.7k $247.7k 0.06% Unchanged
60 Belpointe Asset Management LLC 0.01% of their portfolio RENO, NV 3,4453.4k $237.0k $237.0k 0.01% New
61 BAROMETER CAPITAL MANAGEMENT INC. 0.06% of their portfolio TORONTO, A6 3,3003.3k $243.9k $243.9k 0.06% Reduced -1.7k -1,700
62 Banque Cantonale Vaudoise 0.01% of their portfolio LAUSANNE, V8 3,2873.3k $226.0k $226.0k 0.01% Reduced -111 -111
63 WMG Financial Advisors, LLC 0.09% of their portfolio Knoxville, TN 3,2003.2k $220.2k $220.2k 0.09% New
64 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 3,0643.1k $210.8k $210.8k 0.00% New
65 NWAM LLC 0.01% of their portfolio MERCER ISLAND, WA 3,0513.1k $236.1k $236.1k 0.01% New
66 USA FINANCIAL FORMULAS 0.03% of their portfolio ADA, MI 2,2382.2k $154.0k $154.0k 0.03% New
67 AlphaCentric Advisors LLC 0.15% of their portfolio SAN JUAN, PR 2,2042.2k $151.6k $151.6k 0.15% First filing
68 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 2,0002.0k $137.6k $137.6k 0.00% Reduced -2.0k -2,000
69 FMR LLC 0.00% of their portfolio BOSTON, MA 1,9241.9k $132.4k $132.4k 0.00% Added +105 +105
70 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 1,8731.9k $128.9k $128.9k 0.00% New
71 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,6461.6k $113.3k $113.3k 0.00% Reduced -1.1k -1,126
72 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 718718 $49.4k $49.4k 0.00% Added +268 +268
73 Viewpoint Capital Management LLC 0.02% of their portfolio SEATTLE, WA 540540 $37.2k $37.2k 0.02% Unchanged
74 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 483483 $33.2k $33.2k 0.00% New
75 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 458458 $31.5k $31.5k 0.00% Reduced -22 -22
76 LOM Asset Management Ltd 0.01% of their portfolio Hamilton, D0 330330 $22.7k $22.7k 0.01% New
77 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 311311 $21.4k $21.4k 0.00% New
78 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 300300 $21.8k $21.8k 0.00% New
79 COMERICA BANK 0.00% of their portfolio DALLAS, TX 281281 $19.3k $19.3k 0.00% Unchanged
80 Advisors Preferred, LLC 0.00% of their portfolio ROCKVILLE, MD 225225 $15.6k $15.6k 0.00% New
81 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 208208 $14.3k $14.3k 0.00% Reduced -25 -25
82 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 199199 $13.7k $13.7k 0.00% Added +189 +189
83 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 150150 $10.3k $10.3k 0.00% New
84 Breakwater Investment Management 0.00% of their portfolio SEATTLE, WA 7272 $5.0k $5.0k 0.00% Unchanged
85 FLAGSHIP HARBOR ADVISORS, LLC 0.00% of their portfolio BOSTON, MA 5151 $3.6k $3.6k 0.00% New
86 Stephens Consulting, LLC 0.00% of their portfolio FLINT, MI 3131 $2.1k $2.1k 0.00% Unchanged
87 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 3030 $2.1k $2.1k 0.00% Unchanged
88 Winch Advisory Services, LLC 0.00% of their portfolio Appleton, WI 2828 $1.9k $1.9k 0.00% Unchanged
89 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 2020 $1.4k $1.4k 0.00% Unchanged
90 ATLAS CAPITAL ADVISORS INC. 0.00% of their portfolio JACKSON, WY 1010 $688 $688 0.00% First filing
91 CWM, LLC 0.00% of their portfolio OMAHA, NE 1010 $1.0k $1.0k 0.00% Unchanged
92 Covestor Ltd 0.00% of their portfolio LONDON, X0 1010 $1.0k $1.0k 0.00% Added +3 +3
93 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 11 $69 $69 0.00% Unchanged