Vault-13

ISHARES INC EWJ

MSCI JPN ETF NEW · ETP · CUSIP 46434G822 · ISIN US46434G8226

638 institutional holders +20 vs Q2 2025
165,742,262165.7m shares reported held*
$13.3bnreported value*
75 new 193 added 182 reduced 50 sold out net bought ≈ $1.5bn (+18.7m 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 ($6.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $80.21. Options: 12 managers hold calls ($692.8m notional), 16 hold puts ($130.3m).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 372Q4 22: 411Q1 23: 418Q2 23: 507Q3 23: 527Q4 23: 567Q1 24: 623Q2 24: 613Q3 24: 605Q4 24: 612Q1 25: 623Q2 25: 618Q3 25: 638638Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022372
Q4 2022411
Q1 2023418
Q2 2023507
Q3 2023527
Q4 2023567
Q1 2024623
Q2 2024613
Q3 2024605
Q4 2024612
Q1 2025623
Q2 2025618
Q3 2025638

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 267 bought or addedQ4 23: 251 cut or sold outQ1 24: 353 bought or addedQ1 24: 206 cut or sold outQ1 24Q2 24: 284 bought or addedQ2 24: 278 cut or sold outQ3 24: 245 bought or addedQ3 24: 291 cut or sold outQ3 24Q4 24: 256 bought or addedQ4 24: 276 cut or sold outQ1 25: 242 bought or addedQ1 25: 285 cut or sold outQ1 25Q2 25: 270 bought or addedQ2 25: 285 cut or sold outQ3 25: 268 bought or addedQ3 25: 232 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023267251
Q1 2024353206
Q2 2024284278
Q3 2024245291
Q4 2024256276
Q1 2025242285
Q2 2025270285
Q3 2025268232

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ4 24 calls: $327.6mQ4 24 puts: $224.3mQ4 24P/C 0.68Q1 25 calls: $121.6mQ1 25 puts: $208.3mQ1 25P/C 1.71Q2 25 calls: $196.4mQ2 25 puts: $115.0mQ2 25P/C 0.59Q3 25 calls: $692.8mQ3 25 puts: $130.3mQ3 25P/C 0.19
Numbers
QuarterCallsPutsP/C
Q4 2024$327.6m$224.3m0.68
Q1 2025$121.6m$208.3m1.71
Q2 2025$196.4m$115.0m0.59
Q3 2025$692.8m$130.3m0.19

Biggest buyers

JPMORGAN CHASE & CO Added +26,764,693+26.8m
HSBC HOLDINGS PLC Added +2,451,796+2.5m
JANE STREET GROUP, LLC New +1,118,935+1.1m
MORGAN STANLEY Added +771,350+771.4k
CITADEL ADVISORS LLC Added +703,831+703.8k
NATIONAL BANK OF CANADA /FI/ New +625,300+625.3k
VICTORY CAPITAL MANAGEMENT INC New +404,083+404.1k
OSAIC HOLDINGS, INC. Added +393,747+393.7k
Angeles Investment Advisors, LLC New +373,000+373.0k
Provida Pension Fund Administrator Added +298,865+298.9k

Biggest sellers

BANK OF MONTREAL /CAN/ Reduced -6,307,944-6.3m
TD Asset Management Inc Reduced -1,559,091-1.6m
ENVESTNET ASSET MANAGEMENT INC Reduced -1,091,110-1.1m
First Command Advisory Services, Inc. Reduced -1,062,562-1.1m
ROYAL BANK OF CANADA Reduced -943,351-943.4k
BlackRock, Inc. Reduced -825,730-825.7k
Johns Hopkins University Reduced -624,139-624.1k
BNP PARIBAS FINANCIAL MARKETS Reduced -517,698-517.7k
Qube Research & Technologies Ltd Reduced -386,015-386.0k
DEUTSCHE BANK AG\ Reduced -373,494-373.5k

Biggest calls

UBS Group AG Added $397.3m5.0m shares
MILLENNIUM MANAGEMENT LLC Added $136.4m1.7m shares
CITADEL ADVISORS LLC Added $95.8m1.2m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $27.6m343.6k shares
GOLDMAN SACHS GROUP INC New $15.9m198.8k shares
WOLVERINE TRADING, LLC New $9.4m116.9k shares
PEAK6 LLC Reduced $3.4m42.8k shares
Walleye Trading LLC Reduced $2.3m28.8k shares
JANE STREET GROUP, LLC Added $2.2m27.2k shares
Cubist Systematic Strategies, LLC Added $2.0m24.4k shares

Biggest puts

Eisler Capital Management Ltd. New $47.9m600.0k shares
CITADEL ADVISORS LLC Added $44.8m558.7k shares
MILLENNIUM MANAGEMENT LLC Added $16.0m200.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $6.5m81.1k shares
Parallax Volatility Advisers, L.P. New $3.4m42.0k shares
JANE STREET GROUP, LLC Added $2.6m31.8k shares
Cubist Systematic Strategies, LLC Added $2.3m28.1k shares
GOLDMAN SACHS GROUP INC New $2.2m27.8k shares
WOLVERINE TRADING, LLC New $2.0m25.4k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $1.1m14.1k 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.

HolderStakeChangeShares Last filed
BlackRock Portfolio Management LLC 13G · institution +3.7 pts · filed 2026-10-27 15.2% +3.7 pts 36.8m≈ $3.4bn 2026-10-27

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.13% of their portfolio NEW YORK, NY 52,204,64052.2m $4.2bn $4.2bn 0.13% Added +26.8m +26,764,693
2 MORGAN STANLEY 0.10% of their portfolio NEW YORK, NY 20,221,60420.2m $1.6bn $1.6bn 0.10% Added +771.4k +771,350
3 BlackRock, Inc. 0.02% of their portfolio New York, NY 16,651,03616.7m $1.3bn $1.3bn 0.02% Reduced -825.7k -825,730
4 GOLDMAN SACHS GROUP INC 0.08% of their portfolio NEW YORK, NY 7,274,3117.3m $583.5m $583.5m 0.08% Reduced -86.7k -86,652
5 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 5,215,5755.2m $418.3m $418.3m 0.03% Reduced -128.5k -128,530
6 ENVESTNET ASSET MANAGEMENT INC 0.12% of their portfolio Berwyn, PA 5,169,8965.2m $414.7m $414.7m 0.12% Reduced -1.1m -1,091,110
7 First Command Advisory Services, Inc. 2.89% of their portfolio FORT WORTH, TX 4,979,5635.0m $399.4m $399.4m 2.89% Reduced -1.1m -1,062,562
8 HSBC HOLDINGS PLC 0.14% of their portfolio LONDON, X0 2,861,5962.9m $231.4m $231.4m 0.14% Added +2.5m +2,451,796
9 TD Asset Management Inc 0.17% of their portfolio Toronto, A6 2,659,9152.7m $213.4m $213.4m 0.17% Reduced -1.6m -1,559,091
10 Fisher Asset Management, LLC 0.08% of their portfolio PLANO, TX 2,590,9082.6m $207.8m $207.8m 0.08% Reduced -86.4k -86,367
11 UBS Group AG 0.03% of their portfolio ZURICH, V8 1,945,4651.9m $156.0m $156.0m 0.03% Added +196.5k +196,469
12 DEUTSCHE BANK AG\ 0.04% of their portfolio FRANKFURT AM MAIN, 2M 1,467,4791.5m $117.7m $117.7m 0.04% Reduced -373.5k -373,494
13 BANK OF MONTREAL /CAN/ 0.05% of their portfolio TORONTO, A6 1,429,4931.4m $114.7m $114.7m 0.05% Reduced -6.3m -6,307,944
14 Glenmede Investment Management, LP 0.54% of their portfolio PHILADELPHIA, PA 1,399,6851.4m $112.3m $112.3m 0.54% Reduced -52.7k -52,720
15 STIFEL FINANCIAL CORP 0.09% of their portfolio ST. LOUIS, MO 1,209,3581.2m $97.0m $97.0m 0.09% Added +32.9k +32,891
16 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.54% of their portfolio VICTORIA, A1 1,181,8861.2m $94.8m $94.8m 0.54% Added +144.7k +144,700
17 JANE STREET GROUP, LLC 0.10% of their portfolio NEW YORK, NY 1,118,9351.1m $89.7m $89.7m 0.10% New
18 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 1,029,8951.0m $82.6m $82.6m 0.02% Reduced -231.2k -231,163
19 Board of Trustees of The Leland Stanford Junior University 9.16% of their portfolio STANFORD, CA 971,270971.3k $77.9m $77.9m 9.16% Unchanged
20 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 869,636869.6k $69.8m $69.8m 0.01% Reduced -37.9k -37,943
21 Kemnay Advisory Services Inc. 10.61% of their portfolio New York, NY 869,500869.5k $69.7m $69.7m 10.61% Unchanged
22 Millburn Ridgefield LLC /DE/ 1.54% of their portfolio New York, NY 803,643803.6k $64.5m $64.5m 1.54% Unchanged
23 Catalyst Capital Advisors LLC 1.30% of their portfolio San Juan, PR 803,643803.6k $64.5m $64.5m 1.30% Unchanged
24 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 759,097759.1k $60.9m $60.9m 0.02% Added +121.3k +121,323
25 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 717,347717.3k $57.5m $57.5m 0.01% Reduced -943.4k -943,351
26 CITADEL ADVISORS LLC 0.05% of their portfolio MIAMI, FL 710,629710.6k $57.0m $57.0m 0.05% Added +703.8k +703,831
27 FIL Ltd 0.04% of their portfolio HAMILTON, D0 683,785683.8k $54.8m $54.8m 0.04% Reduced -101.5k -101,487
28 NATIONAL BANK OF CANADA /FI/ 0.06% of their portfolio MONTREAL, A8 625,300625.3k $50.2m $50.2m 0.06% New
29 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 618,710618.7k $49.6m $49.6m 0.01% Reduced -56.6k -56,584
30 1607 Capital Partners, LLC 3.47% of their portfolio Richmond, VA 573,377573.4k $46.0m $46.0m 3.47% Reduced -51.9k -51,885
31 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.04% of their portfolio FRANKFURT AM MAIN, 2M 559,764559.8k $44.9m $44.9m 0.04% Added +275.4k +275,409
32 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 549,906549.9k $44.1m $44.1m 0.01% Added +3.2k +3,183
33 OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC 2.19% of their portfolio SAN FRANCISCO, CA 537,155537.2k $43.1m $43.1m 2.19% Added +3.3k +3,314
34 Provida Pension Fund Administrator 0.73% of their portfolio LAS CONDES, SANTIAGO, F3 518,263518.3k $41.9m $41.9m 0.73% Added +298.9k +298,865
35 Itau Unibanco Holding S.A. 1.37% of their portfolio SAO PAULO, D5 501,258501.3k $40.2m $40.2m 1.37% Reduced -286.3k -286,304
36 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 471,752471.8k $37.7m $37.7m 0.05% Added +393.7k +393,747
37 CITIGROUP INC 0.02% of their portfolio NEW YORK, NY 436,141436.1k $35.0m $35.0m 0.02% Reduced -181.1k -181,064
38 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 404,083404.1k $32.4m $32.4m 0.02% New
39 RED CEDAR INVESTMENT MANAGEMENT, LLC 3.67% of their portfolio GRAND RAPIDS, MI 390,781390.8k $31.3m $31.3m 3.67% Reduced -12.1k -12,114
40 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.20% of their portfolio NEW YORK, NY 385,800385.8k $30.9m $30.9m 0.20% Unchanged
41 Angeles Investment Advisors, LLC 1.96% of their portfolio SANTA MONICA, CA 373,000373.0k $29.9m $29.9m 1.96% New
42 Rockefeller Capital Management L.P. 0.06% of their portfolio NEW YORK, NY 370,228370.2k $29.7m $29.7m 0.06% Reduced -368.7k -368,714
43 ARMSTRONG ADVISORY GROUP, INC 2.09% of their portfolio NEEDHAM, MA 370,161370.2k $29.7m $29.7m 2.09% Added +5.0k +5,028
44 Miller Investment Management, LP 2.95% of their portfolio WEST CONSHOHOCKEN, PA 366,542366.5k $29.4m $29.4m 2.95% Reduced -2.8k -2,809
45 COMERICA BANK 0.10% of their portfolio DALLAS, TX 343,973344.0k $27.6m $27.6m 0.10% Reduced -66.8k -66,784
46 MACKENZIE FINANCIAL CORP 0.03% of their portfolio TORONTO ONTARIO, A6 335,137335.1k $26.9m $26.9m 0.03% Reduced -5.0k -5,000
47 Horizon Investments, LLC 0.33% of their portfolio Charlotte, NC 312,593312.6k $25.1m $25.1m 0.33% Reduced -13.6k -13,577
48 Grantham, Mayo, Van Otterloo & Co. LLC 0.07% of their portfolio Boston, MA 311,177311.2k $25.0m $25.0m 0.07% Unchanged
49 ANGELES WEALTH MANAGEMENT, LLC 1.51% of their portfolio SANTA MONICA, CA 307,757307.8k $24.7m $24.7m 1.51% Added +13.7k +13,666
50 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.12% of their portfolio HARRISBURG, PA 300,000300.0k $24.1m $24.1m 0.12% Unchanged
51 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 299,382299.4k $24.0m $24.0m 0.02% Added +145.8k +145,821
52 CIBC WORLD MARKET INC. 0.05% of their portfolio TORONTO, A6 290,356290.4k $23.3m $23.3m 0.05% Added +147 +147
53 GFS Advisors, LLC 2.89% of their portfolio HOUSTON, TX 282,200282.2k $22.6m $22.6m 2.89% Reduced -4.1k -4,117
54 STRS OHIO 0.08% of their portfolio COLUMBUS, OH 276,103276.1k $22.1m $22.1m 0.08% Unchanged
55 YOUSIF CAPITAL MANAGEMENT, LLC 0.23% of their portfolio BLOOMFIELD HILLS, MI 267,730267.7k $21.5m $21.5m 0.23% Reduced -62.9k -62,862
56 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 265,529265.5k $21.3m $21.3m 0.02% Added +34.2k +34,170
57 Vontobel Holding Ltd. 0.07% of their portfolio ZURICH, V8 262,048262.0k $21.0m $21.0m 0.07% Added +867 +867
58 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.81% of their portfolio BOSTON, MA 253,972254.0k $20.4m $20.4m 0.81% Reduced -73.4k -73,387
59 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 251,385251.4k $20.2m $20.2m 0.01% Added +74.3k +74,297
60 Banco Santander, S.A. 0.18% of their portfolio Madrid, U3 249,039249.0k $20.0m $20.0m 0.18% Reduced -128.5k -128,491
61 PGIM Custom Harvest LLC 0.29% of their portfolio NEWARK, NJ 242,896242.9k $19.5m $19.5m 0.29% Added +21.0k +21,022
62 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 231,478231.5k $18.6m $18.6m 0.01% Reduced -350 -350
63 Lido Advisors, LLC 0.07% of their portfolio Los Angeles, CA 225,163225.2k $18.1m $18.1m 0.07% Added +104.6k +104,560
64 SG Americas Securities, LLC 0.07% of their portfolio NEW YORK, NY 224,042224.0k $18.0m $18.0m 0.07% Reduced -187.3k -187,301
65 PRUDENTIAL PLC 0.13% of their portfolio LONDON, X0 218,800218.8k $17.5m $17.5m 0.13% Added +145.3k +145,255
66 Allianz Asset Management GmbH 0.02% of their portfolio MUNICH, 2M 215,600215.6k $17.3m $17.3m 0.02% Added +600 +600
67 Baker Avenue Asset Management, LP 0.40% of their portfolio SAN FRANCISCO, CA 209,405209.4k $16.8m $16.8m 0.40% Added +314 +314
68 TD Waterhouse Canada Inc. 0.11% of their portfolio TORONTO, A6 206,863206.9k $16.6m $16.6m 0.11% Added +14.7k +14,655
69 Granite Bay Wealth Management, LLC 4.31% of their portfolio PORTSMOUTH, NH 206,444206.4k $16.6m $16.6m 4.31% Added +10.8k +10,846
70 Barry Investment Advisors, LLC 3.76% of their portfolio NEW BEDFORD, MA 203,539203.5k $16.3m $16.3m 3.76% Added +1.4k +1,428
71 BARINGS LLC 0.30% of their portfolio CHARLOTTE, NC 198,666198.7k $15.9m $15.9m 0.30% Unchanged
72 Rathbones Group PLC 0.06% of their portfolio Liverpool, X0 197,130197.1k $15.8m $15.8m 0.06% Reduced -13.4k -13,403
73 Summit Financial, LLC 0.24% of their portfolio PARSIPPANY, NJ 192,255192.3k $15.4m $15.4m 0.24% Reduced -115.9k -115,874
74 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 185,347185.3k $14.9m $14.9m 0.03% Added +174.4k +174,353
75 Coastline Trust Co 1.52% of their portfolio PROVIDENCE, RI 176,404176.4k $14.1m $14.1m 1.52% Added +2.3k +2,322
76 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 175,829175.8k $14.1m $14.1m 0.02% Added +12.9k +12,929
77 NorthCoast Asset Management LLC 0.05% of their portfolio STAMFORD, CT 169,872169.9k $13.6m $13.6m 0.05% Reduced -2.1k -2,082
78 Sanctuary Advisors, LLC 0.04% of their portfolio INDIANAPOLIS, IN 166,225166.2k $12.5m $12.5m 0.04% Added +82.7k +82,729
79 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 154,400154.4k $12.4m $12.4m 0.02% Added +24.9k +24,900
80 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 153,429153.4k $12.3m $12.3m 0.01% Reduced -273.0k -272,986
81 Allen Investment Management, LLC 0.13% of their portfolio NEW YORK, NY 151,441151.4k $12.1m $12.1m 0.13% New
82 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 151,237151.2k $12.1m $12.1m 0.01% Reduced -6.6k -6,578
83 Johns Hopkins University 0.65% of their portfolio BALTIMORE, MD 146,318146.3k $11.7m $11.7m 0.65% Reduced -624.1k -624,139
84 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 145,067145.1k $11.6m $11.6m 0.01% Reduced -29.0k -29,003
85 Federation des caisses Desjardins du Quebec 0.04% of their portfolio LEVIS, A8 142,034142.0k $11.4m $11.4m 0.04% Reduced -35.6k -35,590
86 Portland Global Advisors LLC 1.26% of their portfolio PORTLAND, ME 140,294140.3k $11.3m $11.3m 1.26% Added +2.2k +2,213
87 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 139,105139.1k $11.2m $11.2m 0.05% Added +13.9k +13,869
88 ELEMENT POINTE ADVISORS, LLC 2.31% of their portfolio MIAMI, FL 135,135135.1k $10.8m $10.8m 2.31% Added +17.8k +17,834
89 Harel Insurance Investments & Financial Services Ltd. 0.09% of their portfolio Ramat Gan, L3 128,414128.4k $10.3m $10.3m 0.09% Added +9.0k +9,036
90 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 125,658125.7k $10.1m $10.1m 0.01% Added +2.0k +1,997
91 Azimuth Capital Investment Management LLC 0.36% of their portfolio BLOOMFIELD HILLS, MI 123,700123.7k $9.9m $9.9m 0.36% Added +775 +775
92 Americana Partners, LLC 0.29% of their portfolio Houston, TX 121,051121.1k $9.7m $9.7m 0.29% Added +4.4k +4,351
93 Ballentine Partners, LLC 0.13% of their portfolio Waltham, MA 120,506120.5k $9.7m $9.7m 0.13% Unchanged
94 Eisler Capital Management Ltd. 0.21% of their portfolio LONDON, X0 119,006119.0k $9.5m $9.5m 0.21% New
95 a16z Perennial Management, L.P. 0.62% of their portfolio MENLO PARK, CA 118,984119.0k $7.8m $7.8m 0.62% New
96 Palisades Hudson Asset Management, L.P. 3.44% of their portfolio FORT LAUDERDALE, FL 118,229118.2k $9.5m $9.5m 3.44% Reduced -789 -789
97 BTG Pactual Asset Management US LLC 1.10% of their portfolio NEW YORK, NY 117,776117.8k $9.3m $9.3m 1.10% Added +3.5k +3,514
98 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 114,805114.8k $9.2m $9.2m 0.00% Added +33.7k +33,748
99 Alaska Wealth Advisors, LLC 1.19% of their portfolio ANCHORAGE, AK 113,309113.3k $9.1m $9.1m 1.19% Added +760 +760
100 Phoenix Financial Ltd. 0.06% of their portfolio Givatayim, L3 111,072111.1k $8.9m $8.9m 0.06% Added +84.2k +84,228