Vault-13

ISHARES INC EMXC

MSCI EMRG CHN · ETP · CUSIP 46434G764

794 institutional holders -39 vs Q2 2025
142,075,040142.1m shares reported held*
$9.6bnreported value*
50 new 261 added 346 reduced 78 sold out net sold ≈ $1.3bn (-18.4m 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 ($6.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $67.48. Options: 2 managers hold calls ($803.4k notional), 0 hold puts (—).

Trends to Q3 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: 833Q3 25: 794794Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025794

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 23: 458 bought or addedQ4 23: 142 cut or sold outQ1 24: 570 bought or addedQ1 24: 139 cut or sold outQ1 24Q2 24: 574 bought or addedQ2 24: 199 cut or sold outQ3 24: 582 bought or addedQ3 24: 220 cut or sold outQ3 24Q4 24: 535 bought or addedQ4 24: 275 cut or sold outQ1 25: 344 bought or addedQ1 25: 511 cut or sold outQ1 25Q2 25: 322 bought or addedQ2 25: 540 cut or sold outQ3 25: 311 bought or addedQ3 25: 424 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023458142
Q1 2024570139
Q2 2024574199
Q3 2024582220
Q4 2024535275
Q1 2025344511
Q2 2025322540
Q3 2025311424

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ4 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 0.17Q3 25 calls: $803.4kQ3 25 puts: $0Q3 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q4 2024$687.6k$1.3m1.88
Q1 2025$677.6k$429.7k0.63
Q2 2025$1.5m$258.9k0.17
Q3 2025$803.4k$00.00

Biggest buyers

JANE STREET GROUP, LLC New +3,719,407+3.7m
JPMORGAN CHASE & CO Added +1,819,793+1.8m
Sanctuary Advisors, LLC Added +974,831+974.8k
Absolute Gestao de Investimentos Ltda. New +715,000+715.0k
BANK OF AMERICA CORP /DE/ Added +678,685+678.7k
NORTHERN TRUST CORP Added +340,932+340.9k
CITADEL ADVISORS LLC Added +314,958+315.0k
EASTERN BANK Added +255,151+255.2k
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD New +246,518+246.5k
Qube Research & Technologies Ltd Added +215,567+215.6k

Biggest sellers

OLD MISSION CAPITAL LLC Sold out -8,356,124-8.4m
BlackRock, Inc. Reduced -3,904,458-3.9m
TEACHER RETIREMENT SYSTEM OF TEXAS Reduced -2,858,789-2.9m
Bank of New York Mellon Corp Reduced -2,509,745-2.5m
ENVESTNET ASSET MANAGEMENT INC Reduced -1,628,179-1.6m
VICTORY CAPITAL MANAGEMENT INC Reduced -946,299-946.3k
Adventist Health System/ West Sold out -837,660-837.7k
LPL Financial LLC Reduced -757,110-757.1k
Myriad Asset Management US LP Sold out -629,810-629.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -591,624-591.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $540.1k8.0k shares
CITADEL ADVISORS LLC New $263.3k3.9k shares

Biggest puts

None

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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.06% of their portfolio CHARLOTTE, NC 12,513,29912.5m $844.8m $844.8m 0.06% Added +678.7k +678,685
2 Bank of New York Mellon Corp 0.09% of their portfolio NEW YORK, NY 7,185,6137.2m $485.1m $485.1m 0.09% Reduced -2.5m -2,509,745
3 NORTHERN TRUST CORP 0.06% of their portfolio CHICAGO, IL 7,057,0557.1m $476.4m $476.4m 0.06% Added +340.9k +340,932
4 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.21% of their portfolio MILWAUKEE, WI 4,685,0084.7m $316.3m $316.3m 0.21% Added +121.1k +121,136
5 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 4,410,2464.4m $297.7m $297.7m 0.01% Added +1.8m +1,819,793
6 AMERIPRISE FINANCIAL INC 0.07% of their portfolio MINNEAPOLIS, MN 4,366,9364.4m $295.0m $295.0m 0.07% Reduced -381.1k -381,082
7 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 3,732,4653.7m $252.0m $252.0m 0.02% Reduced -116.4k -116,409
8 JANE STREET GROUP, LLC 0.29% of their portfolio NEW YORK, NY 3,719,4073.7m $251.1m $251.1m 0.29% New
9 TEACHER RETIREMENT SYSTEM OF TEXAS 0.88% of their portfolio AUSTIN, TX 3,239,6873.2m $218.7m $218.7m 0.88% Reduced -2.9m -2,858,789
10 Richard Bernstein Advisors LLC 5.57% of their portfolio NEW YORK, NY 2,831,2892.8m $195.3m $195.3m 5.57% Reduced -64.2k -64,188
11 Cullen/Frost Bankers, Inc. 2.05% of their portfolio San Antonio, TX 2,609,4742.6m $176.2m $176.2m 2.05% Added +90.8k +90,776
12 VICTORY CAPITAL MANAGEMENT INC 0.10% of their portfolio San Antonio, TX 2,475,6062.5m $167.1m $167.1m 0.10% Reduced -946.3k -946,299
13 BlackRock, Inc. 0.00% of their portfolio New York, NY 2,400,3652.4m $162.0m $162.0m 0.00% Reduced -3.9m -3,904,458
14 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 2,089,6812.1m $141.1m $141.1m 0.03% Reduced -268.7k -268,672
15 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 2,087,1432.1m $140.9m $140.9m 0.04% Reduced -757.1k -757,110
16 CITIGROUP INC 0.09% of their portfolio NEW YORK, NY 1,884,6751.9m $127.2m $127.2m 0.09% Added +104.4k +104,432
17 Valmark Advisers, Inc. 1.53% of their portfolio AKRON, OH 1,756,2801.8m $118.6m $118.6m 1.53% Added +36.3k +36,261
18 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,739,4341.7m $117.4m $117.4m 0.02% Reduced -268.8k -268,770
19 CENTRAL TRUST Co 2.45% of their portfolio JEFFERSON CITY, MO 1,737,8601.7m $117.3m $117.3m 2.45% Added +133.5k +133,521
20 US BANCORP \DE\ 0.13% of their portfolio MINNEAPOLIS, MN 1,624,2551.6m $109.7m $109.7m 0.13% Reduced -8.9k -8,878
21 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 1,610,1151.6m $108.7m $108.7m 0.03% Reduced -1.6m -1,628,179
22 Russell Investments Group, Ltd. 0.11% of their portfolio Seattle, WA 1,431,3321.4m $96.6m $96.6m 0.11% Added +71.0k +71,035
23 Johns Hopkins University 5.36% of their portfolio BALTIMORE, MD 1,423,7441.4m $96.1m $96.1m 5.36% Unchanged
24 Sanctuary Advisors, LLC 0.24% of their portfolio INDIANAPOLIS, IN 1,366,5931.4m $79.7m $79.7m 0.24% Added +974.8k +974,831
25 STIFEL FINANCIAL CORP 0.08% of their portfolio ST. LOUIS, MO 1,347,4071.3m $91.0m $91.0m 0.08% Reduced -6.1k -6,127
26 EASTERN BANK 1.61% of their portfolio BOSTON, MA 1,345,1821.3m $90.8m $90.8m 1.61% Added +255.2k +255,151
27 FLOW TRADERS U.S. LLC 3.55% of their portfolio NEW YORK, NY 1,297,2871.3m $87.6m $87.6m 3.55% Reduced -44.8k -44,810
28 PARTNERS CAPITAL INVESTMENT GROUP, LLP 2.90% of their portfolio BOSTON, MA 1,081,2931.1m $73.0m $73.0m 2.90% Reduced -368.5k -368,487
29 Composition Wealth, LLC 1.09% of their portfolio LOS ANGELES, CA 1,075,3391.1m $72.6m $72.6m 1.09% Reduced -476.4k -476,441
30 HighTower Advisors, LLC 0.08% of their portfolio CHICAGO, IL 1,058,8071.1m $71.5m $71.5m 0.08% Reduced -133.7k -133,713
31 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,050,8591.1m $70.9m $70.9m 0.01% Reduced -375.8k -375,751
32 PRUDENTIAL PLC 0.52% of their portfolio LONDON, X0 1,039,6001.0m $70.2m $70.2m 0.52% Added +114.1k +114,100
33 Avidian Wealth Enterprises, LLC 2.42% of their portfolio Houston, TX 951,666951.7k $64.2m $64.2m 2.42% Added +5.1k +5,141
34 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 877,117877.1k $59.2m $59.2m 0.02% Reduced -118.6k -118,573
35 RiverFront Investment Group, LLC 0.99% of their portfolio RICHMOND, VA 824,023824.0k $56.4m $56.4m 0.99% Added +31.8k +31,767
36 Creative Planning 0.04% of their portfolio OVERLAND PARK, KS 794,888794.9k $53.7m $53.7m 0.04% Reduced -26.8k -26,819
37 Mariner, LLC 0.07% of their portfolio Overland Park, KS 769,369769.4k $51.9m $51.9m 0.07% Added +12.5k +12,521
38 STATE OF WISCONSIN INVESTMENT BOARD 0.12% of their portfolio MADISON, WI 746,842746.8k $50.4m $50.4m 0.12% Unchanged
39 1ST SOURCE BANK 2.64% of their portfolio SOUTH BEND, IN 741,030741.0k $50.0m $50.0m 2.64% Added +14.9k +14,936
40 Hughes Financial Services, LLC 8.47% of their portfolio HERNDON, VA 737,223737.2k $53.2m $53.2m 8.47% Added +7.7k +7,748
41 EVOKE WEALTH, LLC 1.03% of their portfolio Los Angeles, CA 733,764733.8k $49.5m $49.5m 1.03% Added +28.4k +28,374
42 UNITED BANK 5.82% of their portfolio VIENNA, VA 723,300723.3k $48.8m $48.8m 5.82% Reduced -24.7k -24,669
43 Absolute Gestao de Investimentos Ltda. 6.38% of their portfolio SAO PAULO, D5 715,000715.0k $48.3m $48.3m 6.38% New
44 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 696,243696.2k $47.0m $47.0m 0.06% Reduced -74.9k -74,875
45 HANCOCK WHITNEY CORP 0.82% of their portfolio GULFPORT, MS 667,426667.4k $45.1m $45.1m 0.82% Reduced -29.9k -29,856
46 OSAIC HOLDINGS, INC. 0.06% of their portfolio SCOTTSDALE, AZ 653,425653.4k $43.1m $43.1m 0.06% Reduced -28.7k -28,672
47 Aprio Wealth Management, LLC 4.30% of their portfolio ATLANTA, GA 639,828639.8k $43.2m $43.2m 4.30% Added +19.5k +19,471
48 ANDERSON HOAGLAND & CO 3.74% of their portfolio ST LOUIS, MO 617,107617.1k $41.7m $41.7m 3.74% Added +59.1k +59,116
49 TIAA TRUST, NATIONAL ASSOCIATION 0.10% of their portfolio CHARLOTTE, NC 615,628615.6k $41.6m $41.6m 0.10% Reduced -114.6k -114,565
50 TRUE Private Wealth Advisors 3.95% of their portfolio Salem, OR 573,426573.4k $38.7m $38.7m 3.95% Added +33.3k +33,281
51 New York Life Investment Management LLC 0.34% of their portfolio New York, NY 564,840564.8k $38.1m $38.1m 0.34% Reduced -68.6k -68,589
52 PNC Financial Services Group, Inc. 0.02% of their portfolio Pittsburgh, PA 563,454563.5k $38.0m $38.0m 0.02% Added +9.6k +9,598
53 Focus Partners Wealth 0.06% of their portfolio ST LOUIS, MO 550,397550.4k $37.2m $37.2m 0.06% Added +11.1k +11,145
54 Advocacy Wealth Management, LLC 1.59% of their portfolio ATLANTA, GA 542,951543.0k $36.7m $36.7m 1.59% Reduced -5.9k -5,866
55 Baird Financial Group, Inc. 0.05% of their portfolio MILWAUKEE, WI 501,590501.6k $33.9m $33.9m 0.05% Reduced -14.6k -14,638
56 OPPENHEIMER ASSET MANAGEMENT INC. 0.37% of their portfolio NEW YORK, NY 498,009498.0k $33.6m $33.6m 0.37% Added +3.3k +3,343
57 Clearwater Capital Advisors, LLC 2.78% of their portfolio HOFFMAN ESTATES, IL 483,564483.6k $32.6m $32.6m 2.78% Added +3.6k +3,562
58 Crestwood Advisors Group, LLC 0.52% of their portfolio BOSTON, MA 456,717456.7k $30.8m $30.8m 0.52% Added +10.7k +10,714
59 SENTINEL TRUST CO LBA 3.14% of their portfolio HOUSTON, TX 456,200456.2k $30.8m $30.8m 3.14% Unchanged
60 ARMSTRONG ADVISORY GROUP, INC 2.15% of their portfolio NEEDHAM, MA 450,646450.6k $30.4m $30.4m 2.15% Added +5.6k +5,590
61 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 436,831436.8k $29.5m $29.5m 0.03% Reduced -126.9k -126,936
62 Janney Montgomery Scott LLC 0.07% of their portfolio PHILADELPHIA, PA 436,466436.5k $29.5m $29.5m 0.07% Reduced -329.1k -329,141
63 PROFESSIONAL ADVISORY SERVICES INC 3.83% of their portfolio VERO BEACH, FL 436,024436.0k $29.4m $29.4m 3.83% Added +83.4k +83,429
64 Legacy Edge Advisors, LLC 3.44% of their portfolio SYOSSET, NY 432,899432.9k $29.2m $29.2m 3.44% Added +40.2k +40,222
65 CAPTRUST FINANCIAL ADVISORS 0.06% of their portfolio RALEIGH, NC 431,355431.4k $29.1m $29.1m 0.06% Reduced -615 -615
66 Integrated Wealth Concepts LLC 0.25% of their portfolio WALTHAM, MA 413,805413.8k $27.9m $27.9m 0.25% Reduced -27.4k -27,372
67 Artemis Wealth Advisors, LLC 4.57% of their portfolio Port Washington, NY 405,902405.9k $27.0m $27.0m 4.57% Added +15.6k +15,557
68 Curi Capital, LLC 0.50% of their portfolio CHICAGO, IL 404,391404.4k $27.3m $27.3m 0.50% Reduced -24.5k -24,483
69 Farther Finance Advisors, LLC 0.40% of their portfolio SAN FRANCISCO, CA 392,289392.3k $26.5m $26.5m 0.40% Added +172.7k +172,737
70 McKinley Carter Wealth Services, Inc. 1.36% of their portfolio WHEELING, WV 383,799383.8k $25.9m $25.9m 1.36% Reduced -7.2k -7,231
71 SOROS FUND MANAGEMENT LLC 0.38% of their portfolio NEW YORK, NY 354,686354.7k $23.9m $23.9m 0.38% Unchanged
72 Legacy Financial Group LLC 3.04% of their portfolio DES MOINES, IA 344,468344.5k $23.3m $23.3m 3.04% Added +27.0k +26,992
73 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 337,370337.4k $22.8m $22.8m 0.02% Added +315.0k +314,958
74 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.23% of their portfolio New York, NY 323,604323.6k $21.8m $21.8m 0.23% Reduced -2.2k -2,174
75 CWM, LLC 0.07% of their portfolio OMAHA, NE 321,592321.6k $21.7m $21.7m 0.07% Added +13.3k +13,331
76 Thrivent Financial for Lutherans 0.04% of their portfolio Minneapolis, MN 319,299319.3k $21.6m $21.6m 0.04% Reduced -31.7k -31,655
77 Prime Buchholz LLC 11.85% of their portfolio PORTSMOUTH, NH 319,235319.2k $21.6m $21.6m 11.85% Unchanged
78 Stockman Wealth Management, Inc. 2.63% of their portfolio BILLINGS, MT 313,924313.9k $21.2m $21.2m 2.63% Added +3.2k +3,249
79 BEAM WEALTH ADVISORS, INC. 5.72% of their portfolio COVINGTON, LA 310,901310.9k $21.0m $21.0m 5.72% Added +21.0k +20,995
80 Tradition Wealth Management, LLC 1.52% of their portfolio EDINA, MN 303,933303.9k $20.5m $20.5m 1.52% Added +20.9k +20,945
81 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 303,779303.8k $20.5m $20.5m 0.02% Added +105.0k +105,000
82 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 303,050303.1k $20.5m $20.5m 0.03% Reduced -591.6k -591,624
83 Seascape Capital Management 5.85% of their portfolio PORTSMOUTH, NH 301,937301.9k $20.4m $20.4m 5.85% Added +4.0k +3,973
84 Carr Financial Group Corp 5.57% of their portfolio WORCESTER, MA 300,268300.3k $20.3m $20.3m 5.57% Added +59.1k +59,138
85 AGF MANAGEMENT LTD 0.09% of their portfolio TORONTO, A6 291,973292.0k $19.7m $19.7m 0.09% Reduced -1.8k -1,820
86 Cardinal Strategic Wealth Guidance 5.04% of their portfolio LOUISVILLE, KY 277,449277.4k $18.7m $18.7m 5.04% Reduced -1.4k -1,377
87 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 1.23% of their portfolio London, X0 246,518246.5k $16.6m $16.6m 1.23% New
88 NOMURA ASSET MANAGEMENT CO LTD 0.04% of their portfolio TOKYO, M0 245,900245.9k $16.6m $16.6m 0.04% Reduced -93.9k -93,900
89 Pathstone Holdings, LLC 0.06% of their portfolio ENGLEWOOD, NJ 242,457242.5k $16.4m $16.4m 0.06% Reduced -1.5k -1,528
90 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 238,829238.8k $16.1m $16.1m 0.02% Added +215.6k +215,567
91 Chicago Partners Investment Group LLC 0.44% of their portfolio CHICAGO, IL 232,914232.9k $16.9m $16.9m 0.44% Reduced -4.2k -4,176
92 Columbia Bank 4.50% of their portfolio Lake Oswego, OR 230,656230.7k $16.1m $16.1m 4.50% Added +14.2k +14,207
93 Trail Ridge Investment Advisors, LLC 6.89% of their portfolio FORT COLLINS, CO 227,767227.8k $15.4m $15.4m 6.89% Added +2.4k +2,408
94 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 225,732225.7k $15.2m $15.2m 0.02% Added +69.8k +69,846
95 Wealthcare Advisory Partners LLC 0.31% of their portfolio WEST CHESTER, PA 223,942223.9k $15.1m $15.1m 0.31% Added +4.0k +3,957
96 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 215,837215.8k $14.6m $14.6m 0.00% Reduced -287.0k -287,018
97 Focus Financial Network, Inc. 0.52% of their portfolio MINNEAPOLIS, MN 215,723215.7k $14.6m $14.6m 0.52% Added +196.8k +196,786
98 VESTOR CAPITAL, LLC 0.93% of their portfolio CHICAGO, IL 215,347215.3k $14.5m $14.5m 0.93% Added +203.3k +203,347
99 Tidal Investments LLC 0.06% of their portfolio Milwaukee, WI 213,292213.3k $14.4m $14.4m 0.06% Added +143.8k +143,793
100 ARKANSAS FINANCIAL GROUP, INC. 2.11% of their portfolio LITTLE ROCK, AR 211,923211.9k $14.3m $14.3m 2.11% Reduced -951 -951