Vault-13

ISHARES INC EWG

MSCI GERMANY ETF · ETP · CUSIP 464286806

265 institutional holders +27 vs Q1 2025
39,677,23139.7m shares reported held*
$1.7bnreported value*
65 new 90 added 60 reduced 39 sold out net bought ≈ $461.5m (+9.4m 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. Holder counts are more reliable. Implied quarter-end price ≈ $42.23. Options: 12 managers hold calls ($79.8m notional), 12 hold puts ($145.6m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 158Q4 22: 164Q1 23: 186Q2 23: 188Q3 23: 166Q4 23: 176Q1 24: 171Q2 24: 173Q3 24: 159Q4 24: 159Q1 25: 238Q2 25: 265265Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022158
Q4 2022164
Q1 2023186
Q2 2023188
Q3 2023166
Q4 2023176
Q1 2024171
Q2 2024173
Q3 2024159
Q4 2024159
Q1 2025238
Q2 2025265

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 56 bought or addedQ3 23: 100 cut or sold outQ4 23: 62 bought or addedQ4 23: 84 cut or sold outQ4 23Q1 24: 65 bought or addedQ1 24: 95 cut or sold outQ2 24: 70 bought or addedQ2 24: 80 cut or sold outQ2 24Q3 24: 55 bought or addedQ3 24: 86 cut or sold outQ4 24: 63 bought or addedQ4 24: 78 cut or sold outQ4 24Q1 25: 155 bought or addedQ1 25: 59 cut or sold outQ2 25: 155 bought or addedQ2 25: 99 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202356100
Q4 20236284
Q1 20246595
Q2 20247080
Q3 20245586
Q4 20246378
Q1 202515559
Q2 202515599

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ3 24 calls: $26.6mQ3 24 puts: $40.3mQ3 24P/C 1.51Q4 24 calls: $20.7mQ4 24 puts: $41.1mQ4 24P/C 1.99Q1 25 calls: $69.4mQ1 25 puts: $133.5mQ1 25P/C 1.92Q2 25 calls: $79.8mQ2 25 puts: $145.6mQ2 25P/C 1.82
Numbers
QuarterCallsPutsP/C
Q3 2024$26.6m$40.3m1.51
Q4 2024$20.7m$41.1m1.99
Q1 2025$69.4m$133.5m1.92
Q2 2025$79.8m$145.6m1.82

Biggest buyers

JANE STREET GROUP, LLC Added +4,334,864+4.3m
BANK OF AMERICA CORP /DE/ Added +1,739,864+1.7m
ROYAL BANK OF CANADA Added +1,574,747+1.6m
D. E. Shaw & Co., Inc. New +1,294,449+1.3m
BANK OF MONTREAL /CAN/ Added +644,647+644.6k
HSBC HOLDINGS PLC Added +596,996+597.0k
Optiver Holding B.V. New +587,642+587.6k
SCHRODER INVESTMENT MANAGEMENT GROUP Added +515,700+515.7k
Tradewinds Capital Management, LLC Added +368,034+368.0k
Rice Partnership, LLC Added +329,951+330.0k

Biggest sellers

New Vernon Capital Holdings II LLC Reduced -1,470,831-1.5m
LIFE LINE WEALTH MANAGEMENT LLC Reduced -592,345-592.3k
HITE Hedge Asset Management LLC Sold out -490,450-490.4k
AMERIPRISE FINANCIAL INC Reduced -441,910-441.9k
Waratah Capital Advisors Ltd. Reduced -341,071-341.1k
Provida Pension Fund Administrator Reduced -248,910-248.9k
PRINCIPAL SECURITIES, INC. Reduced -246,056-246.1k
ENVESTNET ASSET MANAGEMENT INC Reduced -186,924-186.9k
GOLDMAN SACHS GROUP INC Reduced -183,543-183.5k
WELLINGTON MANAGEMENT GROUP LLP Reduced -168,008-168.0k

Biggest calls

PEAK6 LLC New $25.1m593.2k shares
Optiver Holding B.V. Reduced $11.1m261.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $10.5m249.1k shares
CAPITAL FUND MANAGEMENT S.A. New $9.9m234.0k shares
GROUP ONE TRADING LLC Reduced $6.0m141.6k shares
TORNO CAPITAL, LLC New $5.7m135.8k shares
CITADEL ADVISORS LLC Reduced $4.9m116.3k shares
Squarepoint Ops LLC Added $3.5m83.8k shares
IMC-Chicago, LLC Reduced $1.9m45.7k shares
JANE STREET GROUP, LLC Reduced $1.0m24.7k shares

Biggest puts

TUDOR INVESTMENT CORP ET AL New $44.4m1.1m shares
CAPITAL FUND MANAGEMENT S.A. New $25.9m613.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $25.2m595.5k shares
NOMURA HOLDINGS INC New $16.9m400.0k shares
MILLENNIUM MANAGEMENT LLC Added $9.1m215.0k shares
CITADEL ADVISORS LLC Reduced $8.3m195.6k shares
Pentwater Capital Management LP Added $7.4m175.0k shares
PEAK6 LLC New $5.0m118.2k shares
JANE STREET GROUP, LLC Added $2.0m47.3k shares
Squarepoint Ops LLC New $803.9k19.0k 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JANE STREET GROUP, LLC 0.53% of their portfolio NEW YORK, NY 7,763,1937.8m $328.5m $328.5m 0.53% Added +4.3m +4,334,864
2 HSBC HOLDINGS PLC 0.11% of their portfolio LONDON, X0 3,883,5133.9m $164.3m $164.3m 0.11% Added +597.0k +596,996
3 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,754,1292.8m $116.5m $116.5m 0.01% Added +185.8k +185,847
4 BlackRock, Inc. 0.00% of their portfolio New York, NY 2,015,2192.0m $85.3m $85.3m 0.00% Reduced -69.9k -69,865
5 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,982,1062.0m $83.9m $83.9m 0.01% Added +1.6m +1,574,747
6 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,933,5541.9m $81.8m $81.8m 0.01% Added +1.7m +1,739,864
7 D. E. Shaw & Co., Inc. 0.05% of their portfolio New York, NY 1,294,4491.3m $54.8m $54.8m 0.05% New
8 RiverFront Investment Group, LLC 1.06% of their portfolio RICHMOND, VA 1,277,6451.3m $54.1m $54.1m 1.06% Added +1.9k +1,914
9 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 1,275,0971.3m $53.9m $53.9m 0.03% Added +644.6k +644,647
10 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 911,994912.0k $38.6m $38.6m 0.01% Added +176.0k +176,048
11 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 855,572855.6k $36.2m $36.2m 0.01% Reduced -186.9k -186,924
12 Tradewinds Capital Management, LLC 7.87% of their portfolio BELLINGHAM, WA 739,995740.0k $31.3m $31.3m 7.87% Added +368.0k +368,034
13 PICTON MAHONEY ASSET MANAGEMENT 0.38% of their portfolio Toronto, A6 637,361637.4k $27.0m $27.0m 0.38% Added +262.9k +262,930
14 LIFE LINE WEALTH MANAGEMENT LLC 8.43% of their portfolio Beverly Hills, CA 615,372615.4k $26.0m $26.0m 8.43% Reduced -592.3k -592,345
15 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 598,400598.4k $25.3m $25.3m 0.02% Added +515.7k +515,700
16 Optiver Holding B.V. 0.67% of their portfolio AMSTERDAM, P7 587,642587.6k $24.9m $24.9m 0.67% New
17 Ocean Park Asset Management, LLC 0.77% of their portfolio SANTA MONICA, CA 585,364585.4k $21.7m $21.7m 0.77% Unchanged
18 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 551,242551.2k $23.3m $23.3m 0.01% Added +118.5k +118,484
19 Rice Partnership, LLC 2.95% of their portfolio HONOLULU, HI 401,390401.4k $17.0m $17.0m 2.95% Added +330.0k +329,951
20 UBS Group AG 0.00% of their portfolio ZURICH, V8 381,704381.7k $16.1m $16.1m 0.00% Reduced -112.2k -112,237
21 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 366,167366.2k $15.5m $15.5m 0.01% Added +109.6k +109,613
22 Steward Partners Investment Advisory, LLC 0.11% of their portfolio STAMFORD, CT 327,138327.1k $13.8m $13.8m 0.11% Added +259.1k +259,072
23 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 324,298324.3k $13.7m $13.7m 0.01% New
24 SECURIAN ASSET MANAGEMENT, INC 0.36% of their portfolio ST PAUL, MN 296,791296.8k $12.6m $12.6m 0.36% Added +24.5k +24,500
25 Allspring Global Investments Holdings, LLC 0.02% of their portfolio CHARLOTTE, NC 269,733269.7k $11.4m $11.4m 0.02% Reduced -44.0k -44,000
26 SBI Securities Co., Ltd. 0.29% of their portfolio TOKYO, M0 236,809236.8k $10.0m $10.0m 0.29% Reduced -21.2k -21,196
27 FFG Partners, LLC 3.13% of their portfolio Fort Lauderdale, FL 222,247222.2k $9.4m $9.4m 3.13% New
28 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 209,757209.8k $8.9m $8.9m 0.01% Reduced -38.1k -38,123
29 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 187,488187.5k $7.9m $7.9m 0.00% Reduced -441.9k -441,910
30 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 181,631181.6k $7.7m $7.7m 0.00% Added +107.8k +107,836
31 Provida Pension Fund Administrator 0.13% of their portfolio LAS CONDES, SANTIAGO, F3 163,547163.5k $6.9m $6.9m 0.13% Reduced -248.9k -248,910
32 Equitable Holdings, Inc. 0.05% of their portfolio NEW YORK, NY 156,593156.6k $6.6m $6.6m 0.05% Reduced -31.4k -31,397
33 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 131,469131.5k $5.6m $5.6m 0.01% Added +106.8k +106,802
34 GTS SECURITIES LLC 0.24% of their portfolio NEW YORK, NY 125,493125.5k $5.3m $5.3m 0.24% Reduced -84.6k -84,558
35 Kingsview Wealth Management, LLC 0.09% of their portfolio GRANTS PASS, OR 125,462125.5k $5.3m $5.3m 0.09% New
36 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 120,157120.2k $5.1m $5.1m 0.00% Reduced -183.5k -183,543
37 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 117,694117.7k $5.0m $5.0m 0.01% Reduced -111.9k -111,889
38 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 117,555117.6k $5.0m $5.0m 0.00% Reduced -6.3k -6,321
39 3EDGE Asset Management, LP 0.29% of their portfolio Naples, FL 111,847111.8k $4.7m $4.7m 0.29% Added +26.0k +25,969
40 Vontobel Holding Ltd. 0.02% of their portfolio ZURICH, V8 109,428109.4k $4.6m $4.6m 0.02% Reduced -11.3k -11,307
41 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 109,248109.2k $4.6m $4.6m 0.01% Added +2.8k +2,801
42 OPPENHEIMER ASSET MANAGEMENT INC. 0.05% of their portfolio NEW YORK, NY 108,264108.3k $4.6m $4.6m 0.05% New
43 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 108,176108.2k $4.6m $4.6m 0.01% New
44 MARVIN & PALMER ASSOCIATES INC 3.78% of their portfolio WILMINGTON, DE 104,156104.2k $4.4m $4.4m 3.78% Not comparable
45 Dakota Wealth Management 0.09% of their portfolio PALM BEACH GARDENS, FL 103,272103.3k $4.4m $4.4m 0.09% Reduced -13.4k -13,428
46 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 100,300100.3k $4.2m $4.2m 0.01% Added +75.7k +75,700
47 ZACKS INVESTMENT MANAGEMENT 0.04% of their portfolio Chicago, IL 98,14198.1k $4.2m $4.2m 0.04% Added +30.7k +30,718
48 MMA ASSET MANAGEMENT LLC 1.52% of their portfolio New York, NY 93,49893.5k $4.0m $4.0m 1.52% New
49 Williams Jones Wealth Management, LLC. 0.04% of their portfolio NEW YORK, NY 87,76587.8k $3.7m $3.7m 0.04% New
50 Monument Capital Management 0.96% of their portfolio ALEXANDRIA, VA 86,90186.9k $3.7m $3.7m 0.96% Added +626 +626
51 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 79,60079.6k $3.4m $3.4m 0.00% Reduced -102.9k -102,900
52 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.03% of their portfolio Madrid, U3 79,49279.5k $3.4m $3.4m 0.03% New
53 JAMES INVESTMENT RESEARCH, INC. 0.39% of their portfolio ALPHA, OH 77,64477.6k $3.3m $3.3m 0.39% Added +45.3k +45,308
54 Ameliora Wealth Management Ltd. 1.17% of their portfolio ZURICH, V8 77,37577.4k $3.3m $3.3m 1.17% Added +73.8k +73,770
55 New Vernon Capital Holdings II LLC 1.53% of their portfolio Morristown, NJ 75,18375.2k $3.2m $3.2m 1.53% Reduced -1.5m -1,470,831
56 Prostatis Group LLC 0.89% of their portfolio HANOVER, MD 73,42973.4k $3.1m $3.1m 0.89% New
57 ABC ARBITRAGE SA 0.34% of their portfolio PARIS, I0 71,15571.2k $3.0m $3.0m 0.34% Added +19.3k +19,294
58 CSM Advisors, LLC 0.09% of their portfolio WARRENDALE, PA 70,88670.9k $3.0m $3.0m 0.09% Unchanged
59 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 67,48467.5k $2.9m $2.9m 0.00% Added +4.3k +4,315
60 HOLLENCREST CAPITAL MANAGEMENT 0.12% of their portfolio NEWPORT BEACH, CA 65,44265.4k $2.8m $2.8m 0.12% Added +302 +302
61 FIDUCIARY FINANCIAL GROUP, LLC 0.49% of their portfolio SAN RAFAEL, CA 64,79964.8k $2.7m $2.7m 0.49% Reduced -604 -604
62 NAPA WEALTH MANAGEMENT 1.26% of their portfolio Napa, CA 62,15662.2k $2.6m $2.6m 1.26% New
63 Northwest & Ethical Investments L.P. 0.06% of their portfolio TORONTO, A6 58,20058.2k $2.5m $2.5m 0.06% Added +26.8k +26,800
64 C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.16% of their portfolio Westlake, OH 57,79957.8k $2.4m $2.4m 0.16% Reduced -21.7k -21,651
65 FLOW TRADERS U.S. LLC 0.09% of their portfolio NEW YORK, NY 57,62857.6k $2.4m $2.4m 0.09% Reduced -51.3k -51,258
66 NorthCoast Asset Management LLC 0.01% of their portfolio STAMFORD, CT 54,93754.9k $2.3m $2.3m 0.01% Added +13.5k +13,527
67 Mutual Advisors, LLC 0.06% of their portfolio OMAHA, NE 54,32854.3k $2.3m $2.3m 0.06% Added +24.0k +23,954
68 Anthracite Investment Company, Inc. 1.19% of their portfolio FORT WORTH, TX 54,00054.0k $2.3m $2.3m 1.19% New
69 Idaho Trust Co 0.80% of their portfolio BOISE, ID 52,98153.0k $2.2m $2.2m 0.80% Reduced -12.2k -12,185
70 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 52,60252.6k $2.2m $2.2m 0.00% Reduced -148.7k -148,688
71 BigSur Wealth Management LLC 0.56% of their portfolio MIAMI, FL 52,18052.2k $2.2m $2.2m 0.56% Unchanged
72 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 51,84151.8k $2.2m $2.2m 0.01% Added +6.9k +6,905
73 Henshaw Capital LLC 0.09% of their portfolio WOBURN, MA 51,80351.8k $2.2m $2.2m 0.09% New
74 LOOMIS SAYLES & CO L P 0.00% of their portfolio BOSTON, MA 51,75051.8k $2.2m $2.2m 0.00% Reduced -4.8k -4,750
75 Lido Advisors, LLC 0.01% of their portfolio Los Angeles, CA 51,01851.0k $2.2m $2.2m 0.01% New
76 TORNO CAPITAL, LLC 0.58% of their portfolio COHASSET, MA 50,00050.0k $2.1m $2.1m 0.58% New
77 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 45,75945.8k $1.9m $1.9m 0.00% Added +11.2k +11,178
78 Robertson Stephens Wealth Management, LLC 0.07% of their portfolio San Francisco, CA 45,47545.5k $1.9m $1.9m 0.07% Added +37.1k +37,133
79 Mariner, LLC 0.00% of their portfolio Overland Park, KS 45,29745.3k $1.9m $1.9m 0.00% Added +27.1k +27,110
80 PATTEN & PATTEN INC/TN 0.12% of their portfolio CHATTANOOGA, TN 44,17544.2k $1.9m $1.9m 0.12% New
81 Viewpoint Capital Management LLC 0.89% of their portfolio SEATTLE, WA 43,02743.0k $1.8m $1.8m 0.89% Added +281 +281
82 Twin Tree Management, LP 0.05% of their portfolio DALLAS, TX 42,43442.4k $1.8m $1.8m 0.05% New
83 MONECO ADVISORS, LLC 0.16% of their portfolio FAIRFIELD, CT 41,33941.3k $1.7m $1.7m 0.16% Reduced -1.3k -1,321
84 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 40,55540.6k $1.7m $1.7m 0.00% Added +19.1k +19,125
85 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 39,57239.6k $1.7m $1.7m 0.02% Reduced -29.1k -29,088
86 Geneos Wealth Management Inc. 0.04% of their portfolio ENGLEWOOD, CO 38,01338.0k $1.6m $1.6m 0.04% Reduced -43.9k -43,923
87 Advocacy Wealth Management, LLC 0.10% of their portfolio ATLANTA, GA 37,25437.3k $1.6m $1.6m 0.10% New
88 PLANWISER FINANCIAL, LLC 1.25% of their portfolio COLORADO SPRINGS, CO 35,12935.1k $1.5m $1.5m 1.25% Added +8.5k +8,501
89 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 34,92534.9k $1.5m $1.5m 0.00% Reduced -30.4k -30,365
90 Prospera Financial Services Inc 0.03% of their portfolio Dallas, TX 34,58934.6k $1.5m $1.5m 0.03% Added +29.2k +29,166
91 Global Endowment Management, LP 0.19% of their portfolio CHARLOTTE, NC 33,50033.5k $1.4m $1.4m 0.19% New
92 Merit Financial Group, LLC 0.02% of their portfolio ALPHARETTA, GA 33,30733.3k $1.4m $1.4m 0.02% Added +14.3k +14,267
93 SCOTIA CAPITAL INC. 0.01% of their portfolio TORONTO, A6 33,13033.1k $1.4m $1.4m 0.01% New
94 Trek Financial, LLC 0.09% of their portfolio Scottsdale, AZ 30,91630.9k $1.3m $1.3m 0.09% Added +5.2k +5,232
95 One Capital Management, LLC 0.05% of their portfolio WESTLAKE VILLAGE, CA 30,84030.8k $1.3m $1.3m 0.05% Reduced -14.7k -14,731
96 Waratah Capital Advisors Ltd. 0.08% of their portfolio TORONTO, A6 29,05929.1k $1.2m $1.2m 0.08% Reduced -341.1k -341,071
97 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 27,97028.0k $1.2m $1.2m 0.00% Added +5.3k +5,277
98 Legacy Capital Group California, Inc. 0.32% of their portfolio LOS GATOS, CA 27,70727.7k $1.2m $1.2m 0.32% Added +982 +982
99 Barry Investment Advisors, LLC 0.29% of their portfolio NEW BEDFORD, MA 27,29627.3k $1.2m $1.2m 0.29% Added +26 +26
100 MONTAG A & ASSOCIATES INC 0.06% of their portfolio ATLANTA, GA 27,27427.3k $1.2m $1.2m 0.06% New