Vault-13

ISHARES INC EMXC

MSCI EMRG CHN · ETP · CUSIP 46434G764

833 institutional holders -40 vs Q1 2025
161,244,478161.2m shares reported held*
$10.2bnreported value*
90 new 232 added 407 reduced 133 sold out net sold ≈ $4.0bn (-62.9m 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 ($7.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $63.15. Options: 3 managers hold calls ($1.5m notional), 1 hold puts ($258.9k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 277Q4 22: 316Q1 23: 349Q2 23: 394Q3 23: 453Q4 23: 659Q1 24: 761Q2 24: 824Q3 24: 861Q4 24: 918Q1 25: 873Q2 25: 833833Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022277
Q4 2022316
Q1 2023349
Q2 2023394
Q3 2023453
Q4 2023659
Q1 2024761
Q2 2024824
Q3 2024861
Q4 2024918
Q1 2025873
Q2 2025833

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 23: 287 bought or addedQ3 23: 116 cut or sold outQ4 23: 458 bought or addedQ4 23: 142 cut or sold outQ4 23Q1 24: 570 bought or addedQ1 24: 139 cut or sold outQ2 24: 574 bought or addedQ2 24: 199 cut or sold outQ2 24Q3 24: 582 bought or addedQ3 24: 220 cut or sold outQ4 24: 535 bought or addedQ4 24: 275 cut or sold outQ4 24Q1 25: 344 bought or addedQ1 25: 511 cut or sold outQ2 25: 322 bought or addedQ2 25: 540 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023287116
Q4 2023458142
Q1 2024570139
Q2 2024574199
Q3 2024582220
Q4 2024535275
Q1 2025344511
Q2 2025322540

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ3 24 calls: $440.0kQ3 24 puts: $30.6kQ3 24P/C 0.07Q4 24 calls: $687.6kQ4 24 puts: $1.3mQ4 24P/C 1.88Q1 25 calls: $677.6kQ1 25 puts: $429.7kQ1 25P/C 0.63Q2 25 calls: $1.5mQ2 25 puts: $258.9kQ2 25P/C 0.17
Numbers
QuarterCallsPutsP/C
Q3 2024$440.0k$30.6k0.07
Q4 2024$687.6k$1.3m1.88
Q1 2025$677.6k$429.7k0.63
Q2 2025$1.5m$258.9k0.17

Biggest buyers

OLD MISSION CAPITAL LLC Added +7,555,730+7.6m
TEACHER RETIREMENT SYSTEM OF TEXAS New +6,098,476+6.1m
CITIGROUP INC Added +1,639,725+1.6m
PRUDENTIAL PLC Added +884,500+884.5k
FLOW TRADERS U.S. LLC Added +870,883+870.9k
Adventist Health System/ West New +837,660+837.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +772,936+772.9k
New York Life Investment Management LLC New +633,429+633.4k
Myriad Asset Management US LP New +629,810+629.8k
Clearwater Capital Advisors, LLC New +480,002+480.0k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -19,827,133-19.8m
LPL Financial LLC Reduced -5,778,339-5.8m
UNITED SERVICES AUTOMOBILE ASSOCIATION Sold out -5,316,622-5.3m
BANK OF AMERICA CORP /DE/ Reduced -4,904,598-4.9m
JPMORGAN CHASE & CO Reduced -4,206,752-4.2m
BlackRock, Inc. Reduced -2,556,725-2.6m
PARTNERS CAPITAL INVESTMENT GROUP, LLP Reduced -2,550,658-2.6m
MORGAN STANLEY Reduced -2,323,914-2.3m
Richard Bernstein Advisors LLC Reduced -2,303,009-2.3m
CWM, LLC Reduced -2,146,533-2.1m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.2m18.3k shares
CSS LLC/IL New $347.3k5.5k shares
Belvedere Trading LLC New $25.3k400 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $258.9k4.1k 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.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.06% of their portfolio CHARLOTTE, NC 11,834,61411.8m $747.2m $747.2m 0.06% Reduced -4.9m -4,904,598
2 Bank of New York Mellon Corp 0.12% of their portfolio NEW YORK, NY 9,695,3589.7m $612.2m $612.2m 0.12% Reduced -871.4k -871,424
3 OLD MISSION CAPITAL LLC 14.06% of their portfolio CHICAGO, IL 8,356,1248.4m $527.6m $527.6m 14.06% Added +7.6m +7,555,730
4 NORTHERN TRUST CORP 0.06% of their portfolio CHICAGO, IL 6,716,1236.7m $424.1m $424.1m 0.06% Added +413.3k +413,255
5 BlackRock, Inc. 0.01% of their portfolio New York, NY 6,304,8236.3m $398.1m $398.1m 0.01% Reduced -2.6m -2,556,725
6 TEACHER RETIREMENT SYSTEM OF TEXAS 1.62% of their portfolio AUSTIN, TX 6,098,4766.1m $385.1m $385.1m 1.62% New
7 AMERIPRISE FINANCIAL INC 0.07% of their portfolio MINNEAPOLIS, MN 4,748,0184.7m $300.2m $300.2m 0.07% Reduced -1.9m -1,945,257
8 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.21% of their portfolio MILWAUKEE, WI 4,563,8724.6m $288.2m $288.2m 0.21% Reduced -665.3k -665,349
9 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 3,848,8743.8m $243.0m $243.0m 0.02% Reduced -2.3m -2,323,914
10 VICTORY CAPITAL MANAGEMENT INC 0.14% of their portfolio San Antonio, TX 3,421,9053.4m $216.1m $216.1m 0.14% Reduced -1.9m -1,894,717
11 ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio Berwyn, PA 3,238,2943.2m $204.5m $204.5m 0.06% Reduced -19.8m -19,827,133
12 Richard Bernstein Advisors LLC 4.51% of their portfolio NEW YORK, NY 2,895,4772.9m $182.8m $182.8m 4.51% Reduced -2.3m -2,303,009
13 LPL Financial LLC 0.06% of their portfolio FORT MILL, SC 2,844,2532.8m $179.6m $179.6m 0.06% Reduced -5.8m -5,778,339
14 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 2,590,4532.6m $163.6m $163.6m 0.01% Reduced -4.2m -4,206,752
15 Cullen/Frost Bankers, Inc. 1.99% of their portfolio San Antonio, TX 2,518,6982.5m $159.0m $159.0m 1.99% Added +61.6k +61,558
16 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 2,358,3532.4m $148.9m $148.9m 0.03% Added +7.1k +7,107
17 UBS Group AG 0.03% of their portfolio ZURICH, V8 2,008,2042.0m $126.8m $126.8m 0.03% Reduced -276.6k -276,626
18 CITIGROUP INC 0.08% of their portfolio NEW YORK, NY 1,780,2431.8m $112.4m $112.4m 0.08% Added +1.6m +1,639,725
19 Valmark Advisers, Inc. 1.51% of their portfolio AKRON, OH 1,720,0191.7m $108.6m $108.6m 1.51% Reduced -18.6k -18,647
20 US BANCORP \DE\ 0.13% of their portfolio MINNEAPOLIS, MN 1,633,1331.6m $103.1m $103.1m 0.13% Reduced -661.0k -661,003
21 CENTRAL TRUST Co 2.34% of their portfolio JEFFERSON CITY, MO 1,604,3391.6m $101.3m $101.3m 2.34% Added +42.1k +42,094
22 Composition Wealth, LLC 1.65% of their portfolio LOS ANGELES, CA 1,551,7801.6m $98.0m $98.0m 1.65% Added +70.8k +70,784
23 PARTNERS CAPITAL INVESTMENT GROUP, LLP 3.67% of their portfolio BOSTON, MA 1,449,7801.4m $91.5m $91.5m 3.67% Reduced -2.6m -2,550,658
24 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,426,6101.4m $90.1m $90.1m 0.01% Added +318.9k +318,860
25 Johns Hopkins University 4.75% of their portfolio BALTIMORE, MD 1,423,7441.4m $89.9m $89.9m 4.75% Unchanged
26 Russell Investments Group, Ltd. 0.11% of their portfolio Seattle, WA 1,360,2971.4m $85.9m $85.9m 0.11% Reduced -64.3k -64,312
27 STIFEL FINANCIAL CORP 0.08% of their portfolio ST. LOUIS, MO 1,353,5341.4m $85.5m $85.5m 0.08% Reduced -311.8k -311,818
28 FLOW TRADERS U.S. LLC 3.13% of their portfolio NEW YORK, NY 1,342,0971.3m $84.7m $84.7m 3.13% Added +870.9k +870,883
29 HighTower Advisors, LLC 0.09% of their portfolio CHICAGO, IL 1,192,5201.2m $75.3m $75.3m 0.09% Reduced -19.6k -19,641
30 EASTERN BANK 1.31% of their portfolio BOSTON, MA 1,090,0311.1m $68.8m $68.8m 1.31% Added +25.1k +25,129
31 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 995,690995.7k $62.9m $62.9m 0.02% Reduced -160.7k -160,673
32 Avidian Wealth Enterprises, LLC 2.43% of their portfolio Houston, TX 946,525946.5k $59.8m $59.8m 2.43% Added +4.3k +4,252
33 PRUDENTIAL PLC 0.36% of their portfolio LONDON, X0 925,500925.5k $58.4m $58.4m 0.36% Added +884.5k +884,500
34 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.09% of their portfolio BALA CYNWYD, PA 894,674894.7k $56.5m $56.5m 0.09% Added +772.9k +772,936
35 Adventist Health System/ West 7.86% of their portfolio Roseville, CA 837,660837.7k $52.9m $52.9m 7.86% New
36 Creative Planning 0.04% of their portfolio OVERLAND PARK, KS 821,707821.7k $51.9m $51.9m 0.04% Reduced -55.3k -55,266
37 RiverFront Investment Group, LLC 0.98% of their portfolio RICHMOND, VA 792,256792.3k $50.0m $50.0m 0.98% Added +19.7k +19,703
38 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 771,118771.1k $48.7m $48.7m 0.06% Reduced -402.1k -402,090
39 Janney Montgomery Scott LLC 0.13% of their portfolio PHILADELPHIA, PA 765,607765.6k $48.3m $48.3m 0.13% Reduced -814.6k -814,634
40 Mariner, LLC 0.07% of their portfolio Overland Park, KS 756,848756.8k $47.8m $47.8m 0.07% Reduced -82.4k -82,361
41 UNITED BANK 5.65% of their portfolio VIENNA, VA 747,969748.0k $47.2m $47.2m 5.65% Reduced -4.3k -4,272
42 STATE OF WISCONSIN INVESTMENT BOARD 0.12% of their portfolio MADISON, WI 746,842746.8k $47.2m $47.2m 0.12% Added +8.9k +8,900
43 TIAA TRUST, NATIONAL ASSOCIATION 0.12% of their portfolio CHARLOTTE, NC 730,193730.2k $46.1m $46.1m 0.12% Reduced -235.0k -234,989
44 Hughes Financial Services, LLC 7.94% of their portfolio HERNDON, VA 729,475729.5k $46.2m $46.2m 7.94% Added +53.5k +53,457
45 1ST SOURCE BANK 2.53% of their portfolio SOUTH BEND, IN 726,094726.1k $45.8m $45.8m 2.53% Reduced -662 -662
46 EVOKE WEALTH, LLC 1.04% of their portfolio Los Angeles, CA 705,390705.4k $44.5m $44.5m 1.04% Added +22.0k +22,032
47 HANCOCK WHITNEY CORP 0.84% of their portfolio GULFPORT, MS 697,282697.3k $44.0m $44.0m 0.84% Added +1.1k +1,093
48 OSAIC HOLDINGS, INC. 0.08% of their portfolio SCOTTSDALE, AZ 682,097682.1k $43.1m $43.1m 0.08% Reduced -45.9k -45,930
49 New York Life Investment Management LLC 0.37% of their portfolio New York, NY 633,429633.4k $40.0m $40.0m 0.37% New
50 Myriad Asset Management US LP 26.34% of their portfolio WEST PALM BEACH, FL 629,810629.8k $39.8m $39.8m 26.34% New
51 Aprio Wealth Management, LLC 4.42% of their portfolio ATLANTA, GA 620,357620.4k $39.2m $39.2m 4.42% Added +13.3k +13,317
52 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 563,767563.8k $35.6m $35.6m 0.06% Reduced -1.1m -1,108,260
53 ANDERSON HOAGLAND & CO 3.36% of their portfolio ST LOUIS, MO 557,991558.0k $35.2m $35.2m 3.36% Added +89.5k +89,535
54 PNC Financial Services Group, Inc. 0.02% of their portfolio Pittsburgh, PA 553,856553.9k $35.0m $35.0m 0.02% Reduced -31.2k -31,242
55 Advocacy Wealth Management, LLC 2.13% of their portfolio ATLANTA, GA 548,817548.8k $34.7m $34.7m 2.13% Reduced -545.6k -545,592
56 TRUE Private Wealth Advisors 3.83% of their portfolio Salem, OR 540,145540.1k $34.1m $34.1m 3.83% Added +113.0k +113,012
57 Focus Partners Wealth 0.07% of their portfolio ST LOUIS, MO 539,252539.3k $34.0m $34.0m 0.07% Reduced -4.9k -4,932
58 Baird Financial Group, Inc. 0.06% of their portfolio MILWAUKEE, WI 516,228516.2k $32.6m $32.6m 0.06% Reduced -21.8k -21,756
59 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 502,855502.9k $31.8m $31.8m 0.01% Reduced -141.4k -141,391
60 OPPENHEIMER ASSET MANAGEMENT INC. 0.36% of their portfolio NEW YORK, NY 494,666494.7k $31.2m $31.2m 0.36% Reduced -6.1k -6,149
61 Clearwater Capital Advisors, LLC 2.77% of their portfolio HOFFMAN ESTATES, IL 480,002480.0k $30.3m $30.3m 2.77% New
62 SENTINEL TRUST CO LBA 3.13% of their portfolio HOUSTON, TX 456,200456.2k $28.8m $28.8m 3.13% Unchanged
63 SOFI WEALTH, LLC 1.73% of their portfolio SAN FRANCISCO, CA 447,319447.3k $28.2m $28.2m 1.73% Added +20.5k +20,458
64 CKW FINANCIAL GROUP 3.25% of their portfolio HONOLULU, HI 446,653446.7k $28.3m $28.3m 3.25% Reduced -3.4k -3,436
65 Crestwood Advisors Group, LLC 0.50% of their portfolio BOSTON, MA 446,003446.0k $28.2m $28.2m 0.50% Added +5.7k +5,689
66 ARMSTRONG ADVISORY GROUP, INC 2.13% of their portfolio NEEDHAM, MA 445,056445.1k $28.1m $28.1m 2.13% New
67 Integrated Wealth Concepts LLC 0.28% of their portfolio WALTHAM, MA 441,177441.2k $27.9m $27.9m 0.28% Reduced -204.1k -204,136
68 CAPTRUST FINANCIAL ADVISORS 0.06% of their portfolio RALEIGH, NC 431,970432.0k $27.3m $27.3m 0.06% Reduced -7.5k -7,470
69 Curi Capital, LLC 0.51% of their portfolio CHICAGO, IL 428,874428.9k $27.1m $27.1m 0.51% Added +41.8k +41,836
70 Compound Planning, Inc. 1.02% of their portfolio NEW YORK, NY 425,416425.4k $26.9m $26.9m 1.02% Added +12.5k +12,487
71 FORM Wealth Advisors, LLC 3.13% of their portfolio Lake Geneva, WI 410,170410.2k $25.9m $25.9m 3.13% Added +5.9k +5,878
72 Permanens Capital L.P. 3.46% of their portfolio NEW YORK, NY 401,493401.5k $25.4m $25.4m 3.46% Added +3.9k +3,860
73 Legacy Edge Advisors, LLC 3.31% of their portfolio SYOSSET, NY 392,677392.7k $24.8m $24.8m 3.31% Added +66.0k +65,964
74 Sanctuary Advisors, LLC 0.15% of their portfolio INDIANAPOLIS, IN 391,762391.8k $24.7m $24.7m 0.15% Reduced -619.7k -619,657
75 McKinley Carter Wealth Services, Inc. 1.37% of their portfolio WHEELING, WV 391,030391.0k $24.7m $24.7m 1.37% Reduced -55.4k -55,393
76 Artemis Wealth Advisors, LLC 4.23% of their portfolio Port Washington, NY 390,345390.3k $24.6m $24.6m 4.23% Added +570 +570
77 MML INVESTORS SERVICES, LLC 0.07% of their portfolio SPRINGFIELD, MA 385,787385.8k $24.4m $24.4m 0.07% Reduced -1.5m -1,453,627
78 SOROS FUND MANAGEMENT LLC 0.38% of their portfolio NEW YORK, NY 354,686354.7k $22.4m $22.4m 0.38% Unchanged
79 PROFESSIONAL ADVISORY SERVICES INC 3.02% of their portfolio VERO BEACH, FL 352,595352.6k $22.3m $22.3m 3.02% Reduced -8.0k -7,954
80 Thrivent Financial for Lutherans 0.05% of their portfolio Minneapolis, MN 350,954351.0k $22.2m $22.2m 0.05% Reduced -425.3k -425,286
81 NOMURA ASSET MANAGEMENT CO LTD 0.06% of their portfolio TOKYO, M0 339,800339.8k $21.5m $21.5m 0.06% New
82 Legal & General Group Plc 0.01% of their portfolio London, X0 339,195339.2k $21.4m $21.4m 0.01% Added +128.4k +128,400
83 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.22% of their portfolio New York, NY 325,778325.8k $20.6m $20.6m 0.22% Unchanged
84 Prime Buchholz LLC 6.44% of their portfolio PORTSMOUTH, NH 319,235319.2k $20.2m $20.2m 6.44% Unchanged
85 Legacy Financial Group LLC 2.80% of their portfolio DES MOINES, IA 317,476317.5k $20.0m $20.0m 2.80% Added +1.6k +1,639
86 Stockman Wealth Management, Inc. 2.67% of their portfolio BILLINGS, MT 310,675310.7k $19.6m $19.6m 2.67% Added +5.0k +4,966
87 CWM, LLC 0.07% of their portfolio OMAHA, NE 308,261308.3k $19.5m $19.5m 0.07% Reduced -2.1m -2,146,533
88 Seascape Capital Management 5.93% of their portfolio PORTSMOUTH, NH 297,964298.0k $18.8m $18.8m 5.93% Added +17.1k +17,065
89 AGF MANAGEMENT LTD 0.08% of their portfolio TORONTO, A6 293,793293.8k $18.6m $18.6m 0.08% Reduced -12.7k -12,714
90 BEAM WEALTH ADVISORS, INC. 5.46% of their portfolio COVINGTON, LA 289,906289.9k $18.3m $18.3m 5.46% Added +43.1k +43,107
91 Tradition Wealth Management, LLC 1.43% of their portfolio EDINA, MN 282,988283.0k $17.9m $17.9m 1.43% Reduced -28.0k -27,968
92 Cardinal Strategic Wealth Guidance 5.08% of their portfolio LOUISVILLE, KY 278,826278.8k $17.6m $17.6m 5.08% Reduced -11.0k -10,974
93 MERCER GLOBAL ADVISORS INC /ADV 0.04% of their portfolio DENVER, CO 277,236277.2k $17.5m $17.5m 0.04% Reduced -416.2k -416,249
94 Pathstone Holdings, LLC 0.06% of their portfolio ENGLEWOOD, NJ 243,985244.0k $15.4m $15.4m 0.06% Added +14.1k +14,081
95 Carr Financial Group Corp 4.49% of their portfolio WORCESTER, MA 241,130241.1k $15.2m $15.2m 4.49% Added +40.7k +40,749
96 PARK AVENUE SECURITIES LLC 0.14% of their portfolio NEW YORK, NY 237,992238.0k $15.0m $15.0m 0.14% Reduced -1.9m -1,909,313
97 Chicago Partners Investment Group LLC 0.44% of their portfolio CHICAGO, IL 237,090237.1k $15.3m $15.3m 0.44% Reduced -963 -963
98 NewEdge Advisors, LLC 0.08% of their portfolio NEW ORLEANS, LA 234,383234.4k $14.8m $14.8m 0.08% Reduced -529.0k -528,957
99 World Investment Advisors 0.33% of their portfolio LINCROFT, NJ 230,830230.8k $14.6m $14.6m 0.33% Reduced -143.6k -143,643
100 Trail Ridge Investment Advisors, LLC 6.81% of their portfolio FORT COLLINS, CO 225,359225.4k $14.2m $14.2m 6.81% Reduced -39.0k -38,974