Vault-13

ISHARES INC EWG

MSCI GERMANY ETF · ETP · CUSIP 464286806

176 institutional holders +10 vs Q3 2023
23,546,27223.5m shares reported held*
$699.1mreported value*
25 new 37 added 63 reduced 21 sold out net sold ≈ $94.2m (-3.2m 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 ($10.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $29.69. Options: 14 managers hold calls ($60.8m notional), 12 hold puts ($69.3m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 158Q4 22: 164Q1 23: 186Q2 23: 188Q3 23: 166Q4 23: 176176Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022158
Q4 2022164
Q1 2023186
Q2 2023188
Q3 2023166
Q4 2023176

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 69 bought or addedQ4 22: 79 cut or sold outQ4 22Q1 23: 89 bought or addedQ1 23: 74 cut or sold outQ1 23Q2 23: 82 bought or addedQ2 23: 95 cut or sold outQ2 23Q3 23: 56 bought or addedQ3 23: 100 cut or sold outQ3 23Q4 23: 62 bought or addedQ4 23: 84 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20226979
Q1 20238974
Q2 20238295
Q3 202356100
Q4 20236284

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ1 23 calls: $146.6mQ1 23 puts: $95.6mQ1 23P/C 0.65Q2 23 calls: $42.0mQ2 23 puts: $17.7mQ2 23P/C 0.42Q3 23 calls: $49.6mQ3 23 puts: $61.7mQ3 23P/C 1.24Q4 23 calls: $60.8mQ4 23 puts: $69.3mQ4 23P/C 1.14
Numbers
QuarterCallsPutsP/C
Q1 2023$146.6m$95.6m0.65
Q2 2023$42.0m$17.7m0.42
Q3 2023$49.6m$61.7m1.24
Q4 2023$60.8m$69.3m1.14

Biggest buyers

MORGAN STANLEY Added +2,986,266+3.0m
JANE STREET GROUP, LLC Added +777,049+777.0k
Morningstar Investment Services LLC Added +360,774+360.8k
MILLENNIUM MANAGEMENT LLC New +276,475+276.5k
FIL Ltd New +259,070+259.1k
PRUDENTIAL PLC Added +150,900+150.9k
Hilltop Holdings Inc. New +131,872+131.9k
CAPITAL FUND MANAGEMENT S.A. Added +123,800+123.8k
Prostatis Group LLC New +95,237+95.2k
Allspring Global Investments Holdings, LLC Added +83,459+83.5k

Biggest sellers

JPMORGAN CHASE & CO Reduced -3,395,029-3.4m
BlackRock Inc. Reduced -1,666,345-1.7m
Tradewinds Capital Management, LLC Reduced -980,281-980.3k
Optiver Holding B.V. Reduced -330,800-330.8k
LPL Financial LLC Reduced -281,150-281.1k
Valence8 US LP Sold out -238,993-239.0k
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS Sold out -194,961-195.0k
CX Institutional Reduced -188,578-188.6k
1607 Capital Partners, LLC Reduced -187,600-187.6k
Qube Research & Technologies Ltd Reduced -157,611-157.6k

Biggest calls

Optiver Holding B.V. Reduced $16.3m549.1k shares
Twin Tree Management, LP Added $13.0m439.5k shares
CITADEL ADVISORS LLC Added $6.7m226.3k shares
JANE STREET GROUP, LLC Added $5.7m190.9k shares
Maven Securities LTD Added $4.4m148.7k shares
GTS SECURITIES LLC Reduced $4.3m144.0k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $3.7m123.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.4m114.4k shares
WOLVERINE TRADING, LLC New $1.8m60.3k shares
IMC-Chicago, LLC Added $718.5k24.2k shares

Biggest puts

Deer Park Road Corp Unchanged $44.5m1.5m shares
GTS SECURITIES LLC Reduced $8.4m282.4k shares
CITADEL ADVISORS LLC Added $4.8m161.4k shares
WOLVERINE TRADING, LLC New $4.2m142.7k shares
Walleye Trading LLC Reduced $3.0m101.7k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $2.5m83.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.1m36.5k shares
Belvedere Trading LLC New $371.1k12.5k shares
UBS Group AG Unchanged $270.2k9.1k shares
Capital Investment Advisory Services, LLC Added $148.4k5.0k 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 +3.2 pts · filed 2026-10-27 6.1% +3.2 pts 2.2m≈ $90.6m 2026-10-27

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 6,464,7626.5m $191.9m $191.9m 0.01% Added +3.0m +2,986,266
2 BlackRock Inc. 0.00% of their portfolio New York, NY 4,653,4234.7m $138.2m $138.2m 0.00% Reduced -1.7m -1,666,345
3 JANE STREET GROUP, LLC 0.08% of their portfolio NEW YORK, NY 2,147,2362.1m $63.8m $63.8m 0.08% Added +777.0k +777,049
4 TD Asset Management Inc 0.02% of their portfolio Toronto, A6 824,625824.6k $24.5m $24.5m 0.02% Added +572 +572
5 Morningstar Investment Services LLC 0.12% of their portfolio CHICAGO, IL 732,063732.1k $21.7m $21.7m 0.12% Added +360.8k +360,774
6 Allspring Global Investments Holdings, LLC 0.03% of their portfolio CHARLOTTE, NC 627,404627.4k $18.6m $18.6m 0.03% Added +83.5k +83,459
7 Provida Pension Fund Administrator 0.38% of their portfolio LAS CONDES, SANTIAGO, F3 462,167462.2k $13.7m $13.7m 0.38% Reduced -115.3k -115,301
8 SECURIAN ASSET MANAGEMENT, INC 0.38% of their portfolio ST PAUL, MN 448,182448.2k $13.3m $13.3m 0.38% Unchanged
9 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 371,477371.5k $11.0m $11.0m 0.00% Added +10.2k +10,187
10 CX Institutional 0.56% of their portfolio AUBURN, IN 351,665351.7k $10.4m $10.4m 0.56% Reduced -188.6k -188,578
11 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 276,475276.5k $8.2m $8.2m 0.01% New
12 PRINCIPAL SECURITIES, INC. 0.30% of their portfolio DES MOINES, IA 274,700274.7k $8.2m $8.2m 0.30% First filing
13 UBS Group AG 0.00% of their portfolio ZURICH, V8 273,095273.1k $8.1m $8.1m 0.00% Reduced -62.7k -62,657
14 Equitable Holdings, Inc. 0.10% of their portfolio NEW YORK, NY 268,568268.6k $8.0m $8.0m 0.10% Reduced -7.0k -7,000
15 FIL Ltd 0.01% of their portfolio HAMILTON, D0 259,070259.1k $7.7m $7.7m 0.01% New
16 1607 Capital Partners, LLC 0.48% of their portfolio Richmond, VA 229,400229.4k $6.8m $6.8m 0.48% Reduced -187.6k -187,600
17 Main Management ETF Advisors, LLC 0.39% of their portfolio SAN FRANCISCO, CA 226,085226.1k $6.7m $6.7m 0.39% Added +14.7k +14,685
18 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 221,930221.9k $6.6m $6.6m 0.00% Reduced -9.0k -8,994
19 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 218,348218.3k $6.5m $6.5m 0.00% Added +17.1k +17,135
20 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 206,352206.4k $6.1m $6.1m 0.00% Reduced -1.8k -1,811
21 New Vernon Capital Holdings II LLC 3.27% of their portfolio Morristown, NJ 205,028205.0k $6.1m $6.1m 3.27% Added +16.8k +16,823
22 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 197,910197.9k $5.9m $5.9m 0.01% Added +825 +825
23 CAPITAL FUND MANAGEMENT S.A. 0.07% of their portfolio PARIS, I0 190,973191.0k $5.7m $5.7m 0.07% Added +123.8k +123,800
24 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 167,694167.7k $5.0m $5.0m 0.00% Reduced -23.2k -23,217
25 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 163,452163.5k $4.9m $4.9m 0.00% Reduced -281.1k -281,150
26 PRUDENTIAL PLC 0.05% of their portfolio LONDON, X0 158,100158.1k $4.7m $4.7m 0.05% Added +150.9k +150,900
27 Vontobel Holding Ltd. 0.04% of their portfolio ZURICH, V8 149,102149.1k $4.4m $4.4m 0.04% Reduced -8.2k -8,168
28 Hilltop Holdings Inc. 0.44% of their portfolio DALLAS, TX 131,872131.9k $3.9m $3.9m 0.44% New
29 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 110,831110.8k $3.3m $3.3m 0.00% Added +45.3k +45,329
30 INNEALTA CAPITAL, LLC 1.43% of their portfolio AUSTIN, TX 107,090107.1k $3.2m $3.2m 1.43% Added +17.1k +17,061
31 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 103,665103.7k $3.1m $3.1m 0.00% Unchanged
32 Prostatis Group LLC 1.18% of their portfolio HANOVER, MD 95,23795.2k $2.8m $2.8m 1.18% New
33 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 77,52677.5k $2.3m $2.3m 0.00% Reduced -7.1k -7,066
34 RiverFront Investment Group, LLC 0.07% of their portfolio RICHMOND, VA 76,80176.8k $2.3m $2.3m 0.07% Reduced -4.0k -3,987
35 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 68,16268.2k $2.0m $2.0m 0.00% Reduced -3.4m -3,395,029
36 Idaho Trust Co 1.16% of their portfolio BOISE, ID 67,59567.6k $2.0m $2.0m 1.16% Added +10.5k +10,515
37 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 65,70065.7k $2.0m $2.0m 0.00% New
38 Granite Bay Wealth Management, LLC 0.02% of their portfolio PORTSMOUTH, NH 63,00063.0k $1.7m $1.7m 0.02% Unchanged
39 FLOW TRADERS U.S. LLC 0.05% of their portfolio NEW YORK, NY 59,46459.5k $1.8m $1.8m 0.05% Added +8.6k +8,593
40 Boothe Investment Group, Inc. 0.73% of their portfolio DOVER, DE 54,09854.1k $1.6m $1.6m 0.73% Reduced -52.6k -52,614
41 CSM Advisors, LLC 0.12% of their portfolio WARRENDALE, PA 54,07654.1k $1.6m $1.6m 0.12% New
42 Zurich Insurance Group Ltd/FI 0.02% of their portfolio ZURICH, V8 52,23052.2k $1.5m $1.5m 0.02% Added +26.5k +26,530
43 HOLLENCREST CAPITAL MANAGEMENT 0.14% of their portfolio NEWPORT BEACH, CA 48,26548.3k $1.4m $1.4m 0.14% Unchanged
44 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 47,68347.7k $1.4m $1.4m 0.00% Reduced -8.6k -8,595
45 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 44,17344.2k $1.3m $1.3m 0.01% Added +18.7k +18,749
46 HARBOUR INVESTMENT MANAGEMENT LLC 0.66% of their portfolio EDMONDS, WA 42,80142.8k $1.3m $1.3m 0.66% Reduced -200 -200
47 NorthCoast Asset Management LLC 0.02% of their portfolio STAMFORD, CT 39,00939.0k $1.2m $1.2m 0.02% Reduced -444 -444
48 Tradewinds Capital Management, LLC 0.46% of their portfolio BELLINGHAM, WA 38,74638.7k $1.2m $1.2m 0.46% Reduced -980.3k -980,281
49 OLD MISSION CAPITAL LLC 0.03% of their portfolio CHICAGO, IL 38,73338.7k $1.1m $1.1m 0.03% Reduced -148.7k -148,725
50 Viewpoint Capital Management LLC 0.79% of their portfolio SEATTLE, WA 37,94637.9k $1.1m $1.1m 0.79% Reduced -3.6k -3,610
51 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 37,64337.6k $1.1m $1.1m 0.00% Reduced -2.1k -2,075
52 BigSur Wealth Management LLC 0.53% of their portfolio MIAMI, FL 37,50037.5k $1.1m $1.1m 0.53% Unchanged
53 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 36,34036.3k $1.1m $1.1m 0.00% Reduced -157.6k -157,611
54 Black Maple Capital Management LP 0.96% of their portfolio MILWAUKEE, WI 35,00035.0k $1.0m $1.0m 0.96% Unchanged
55 TD Waterhouse Canada Inc. 0.01% of their portfolio TORONTO, A6 34,83134.8k $1.3m $1.3m 0.01% Added +186 +186
56 MMBG INVESTMENT ADVISORS CO. 0.12% of their portfolio MIAMI, FL 34,20034.2k $1.0m $1.0m 0.12% Unchanged
57 ZACKS INVESTMENT MANAGEMENT 0.01% of their portfolio Chicago, IL 33,60233.6k $997.6k $997.6k 0.01% Reduced -71.3k -71,316
58 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 30,82730.8k $915.2k $915.2k 0.01% Reduced -9.1k -9,118
59 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 30,64830.6k $909.9k $909.9k 0.00% Reduced -88.4k -88,407
60 Prospera Financial Services Inc 0.03% of their portfolio Dallas, TX 29,00829.0k $861.2k $861.2k 0.03% Added +442 +442
61 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 28,46628.5k $845.2k $845.2k 0.00% Reduced -792 -792
62 Texas Yale Capital Corp. 0.04% of their portfolio ST. PETERSBURG, FL 28,18528.2k $836.8k $836.8k 0.04% Unchanged
63 First Western Trust Bank 0.04% of their portfolio Denver, CO 27,73527.7k $823.5k $823.5k 0.04% Unchanged
64 Barry Investment Advisors, LLC 0.26% of their portfolio NEW BEDFORD, MA 26,26726.3k $779.9k $779.9k 0.26% Added +1 +1
65 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 26,02226.0k $772.6k $772.6k 0.00% Added +4.1k +4,090
66 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 25,51625.5k $757.6k $757.6k 0.00% New
67 Kohmann Bosshard Financial Services, LLC 0.11% of their portfolio FAIRLAWN, OH 25,10125.1k $745.3k $745.3k 0.11% Added +3.2k +3,227
68 EVERGREEN CAPITAL MANAGEMENT LLC 0.03% of their portfolio Bellevue, WA 25,09625.1k $745.1k $745.1k 0.03% Reduced -24.9k -24,850
69 Summit Trail Advisors, LLC 0.02% of their portfolio NEW YORK, NY 25,00025.0k $742.2k $742.2k 0.02% Unchanged
70 Mount Lucas Management LP 0.26% of their portfolio Newtown, PA 24,92524.9k $740.0k $740.0k 0.26% Added +6.1k +6,086
71 MERIDIAN INVESTMENT COUNSEL INC. 0.25% of their portfolio LAFAYETTE, CA 24,82824.8k $737.1k $737.1k 0.25% Reduced -2.7k -2,705
72 F&V Capital Management, LLC 0.23% of their portfolio BOCA RATON, FL 23,93023.9k $710.0k $710.0k 0.23% Reduced -400 -400
73 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 23,90023.9k $709.6k $709.6k 0.00% New
74 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 22,29522.3k $661.9k $661.9k 0.00% Reduced -48.9k -48,943
75 Truepoint, Inc. 0.02% of their portfolio CINCINNATI, OH 20,81720.8k $618.1k $618.1k 0.02% Unchanged
76 Walleye Trading LLC 0.01% of their portfolio NEW YORK, NY 20,65820.7k $613.3k $613.3k 0.01% Reduced -16.8k -16,790
77 AFG FIDUCIARY SERVICES LIMITED PARTNERSHIP 0.47% of their portfolio HINGHAM, MA 19,50619.5k $573.7k $573.7k 0.47% Reduced -769 -769
78 Allie Family Office LLC 0.37% of their portfolio MIAMI, FL 18,18018.2k $539.8k $539.8k 0.37% Unchanged
79 Pathway Financial Advisors LLC 0.15% of their portfolio SOUTH BURLINGTON, VT 17,50017.5k $519.6k $519.6k 0.15% Unchanged
80 SUN LIFE FINANCIAL INC 0.03% of their portfolio Toronto, A6 17,12517.1k $508.0k $508.0k 0.03% Unchanged
81 TWO SIGMA SECURITIES, LLC 0.02% of their portfolio NEW YORK, NY 17,07217.1k $506.9k $506.9k 0.02% Added +3.2k +3,250
82 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 16,92716.9k $502.0k $502.0k 0.00% New
83 Pictet North America Advisors SA 0.06% of their portfolio GENEVA 73, V8 16,61616.6k $493.3k $493.3k 0.06% Reduced -33.9k -33,886
84 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 15,99416.0k $474.9k $474.9k 0.00% Reduced -25.7k -25,662
85 Caprock Group, LLC 0.03% of their portfolio BOISE, ID 15,70915.7k $466.4k $466.4k 0.03% New
86 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 15,59315.6k $463.0k $463.0k 0.00% Reduced -476 -476
87 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 14,75314.8k $438.0k $438.0k 0.00% Added +2.1k +2,102
88 Trek Financial, LLC 0.04% of their portfolio Scottsdale, AZ 14,55214.6k $432.0k $432.0k 0.04% Added +3.7k +3,718
89 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 14,03414.0k $416.7k $416.7k 0.00% Unchanged
90 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 12,43612.4k $369.0k $369.0k 0.00% Added +53 +53
91 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 11,70211.7k $347.4k $347.4k 0.00% Added +488 +488
92 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 11,70011.7k $347.4k $347.4k 0.00% New
93 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 11,20211.2k $332.6k $332.6k 0.00% Reduced -26.9k -26,921
94 OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC 0.02% of their portfolio SAN FRANCISCO, CA 10,71510.7k $318.1k $318.1k 0.02% Reduced -100 -100
95 EHP Funds Inc. 0.15% of their portfolio TORONTO, Z4 10,30010.3k $305.8k $305.8k 0.15% New
96 Henrickson Nauta Wealth Advisors, Inc. 0.15% of their portfolio BELMONT, MI 10,23810.2k $304.0k $304.0k 0.15% Unchanged
97 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 9,7519.8k $289.5k $289.5k 0.00% Reduced -281 -281
98 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 9,2869.3k $276.0k $276.0k 0.00% Reduced -2.6k -2,635
99 Hilltop Partners LLC 0.11% of their portfolio MISHAWAKA, IN 9,2539.3k $274.7k $274.7k 0.11% Reduced -5.1k -5,108
100 TIEMANN INVESTMENT ADVISORS, LLC 0.13% of their portfolio MENLO PARK, CA 9,1259.1k $270.9k $270.9k 0.13% Reduced -150 -150