Vault-13

ISHARES INC EWJ

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

719 institutional holders +81 vs Q3 2025
140,522,246140.5m shares reported held*
$11.3bnreported value*
103 new 257 added 176 reduced 49 sold out net sold ≈ $2.1bn (-26.3m 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 ($15.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $80.73. Options: 12 managers hold calls ($485.8m notional), 8 hold puts ($175.7m).

Trends to Q4 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: 638Q4 25: 719719Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025719

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 24: 353 bought or addedQ1 24: 206 cut or sold outQ2 24: 284 bought or addedQ2 24: 278 cut or sold outQ2 24Q3 24: 245 bought or addedQ3 24: 291 cut or sold outQ4 24: 256 bought or addedQ4 24: 276 cut or sold outQ4 24Q1 25: 242 bought or addedQ1 25: 285 cut or sold outQ2 25: 270 bought or addedQ2 25: 285 cut or sold outQ2 25Q3 25: 268 bought or addedQ3 25: 232 cut or sold outQ4 25: 360 bought or addedQ4 25: 225 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024353206
Q2 2024284278
Q3 2024245291
Q4 2024256276
Q1 2025242285
Q2 2025270285
Q3 2025268232
Q4 2025360225

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ1 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 0.19Q4 25 calls: $485.8mQ4 25 puts: $175.7mQ4 25P/C 0.36
Numbers
QuarterCallsPutsP/C
Q1 2025$121.6m$208.3m1.71
Q2 2025$196.4m$115.0m0.59
Q3 2025$692.8m$130.3m0.19
Q4 2025$485.8m$175.7m0.36

Biggest buyers

ROYAL BANK OF CANADA Added +1,824,734+1.8m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Added +1,531,363+1.5m
ENVESTNET ASSET MANAGEMENT INC Added +1,107,070+1.1m
Quadrature Capital Ltd Added +933,517+933.5k
CITADEL ADVISORS LLC Added +387,344+387.3k
BANK OF MONTREAL /CAN/ Added +369,260+369.3k
LPL Financial LLC Added +313,511+313.5k
CITIGROUP INC Added +267,281+267.3k
Itau Unibanco Holding S.A. Added +261,802+261.8k
BANK OF AMERICA CORP /DE/ Added +257,734+257.7k

Biggest sellers

JPMORGAN CHASE & CO Reduced -26,114,789-26.1m
BlackRock, Inc. Reduced -5,015,058-5.0m
HSBC HOLDINGS PLC Reduced -2,000,560-2.0m
JANE STREET GROUP, LLC Sold out -1,118,935-1.1m
MORGAN STANLEY Reduced -644,524-644.5k
1607 Capital Partners, LLC Sold out -573,377-573.4k
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Reduced -340,700-340.7k
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Reduced -202,296-202.3k
SG Americas Securities, LLC Reduced -157,364-157.4k
GOLDMAN SACHS GROUP INC Reduced -122,274-122.3k

Biggest calls

UBS Group AG Reduced $235.2m2.9m shares
CITADEL ADVISORS LLC Added $97.0m1.2m shares
BNP PARIBAS FINANCIAL MARKETS New $60.6m7.5k shares
BARCLAYS PLC New $58.8m728.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $10.4m128.2k shares
PEAK6 LLC Added $9.6m118.4k shares
Squarepoint Ops LLC Added $4.9m61.1k shares
Walleye Trading LLC Added $3.6m44.7k shares
Point72 Asset Management, L.P. New $2.1m25.6k shares
SIG BROKERAGE, LP New $2.0m25.0k shares

Biggest puts

CITADEL ADVISORS LLC Added $105.8m1.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $62.4m773.4k shares
Point72 Asset Management, L.P. New $2.8m34.3k shares
JANE STREET GROUP, LLC Added $2.6m32.4k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $1.0m12.6k shares
Squarepoint Ops LLC Added $452.1k5.6k shares
Walleye Trading LLC Unchanged $395.6k4.9k shares
CSS LLC/IL New $201.8k2.5k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.14% of their portfolio NEW YORK, NY 26,089,85126.1m $2.1bn $2.1bn 0.14% Reduced -26.1m -26,114,789
2 MORGAN STANLEY 0.09% of their portfolio NEW YORK, NY 19,577,08019.6m $1.6bn $1.6bn 0.09% Reduced -644.5k -644,524
3 BlackRock, Inc. 0.02% of their portfolio New York, NY 11,635,97811.6m $939.5m $939.5m 0.02% Reduced -5.0m -5,015,058
4 GOLDMAN SACHS GROUP INC 0.08% of their portfolio NEW YORK, NY 7,152,0377.2m $577.5m $577.5m 0.08% Reduced -122.3k -122,274
5 ENVESTNET ASSET MANAGEMENT INC 0.15% of their portfolio Berwyn, PA 6,276,9666.3m $506.8m $506.8m 0.15% Added +1.1m +1,107,070
6 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 5,473,3095.5m $441.9m $441.9m 0.03% Added +257.7k +257,734
7 First Command Advisory Services, Inc. 2.81% of their portfolio FORT WORTH, TX 4,993,4575.0m $403.2m $403.2m 2.81% Added +13.9k +13,894
8 TD Asset Management Inc 0.17% of their portfolio Toronto, A6 2,671,7962.7m $215.7m $215.7m 0.17% Added +11.9k +11,881
9 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 2,542,0812.5m $205.2m $205.2m 0.04% Added +1.8m +1,824,734
10 Fisher Asset Management, LLC 0.07% of their portfolio PLANO, TX 2,503,0572.5m $202.1m $202.1m 0.07% Reduced -87.9k -87,851
11 UBS Group AG 0.03% of their portfolio ZURICH, V8 1,881,0861.9m $151.9m $151.9m 0.03% Reduced -64.4k -64,379
12 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.12% of their portfolio Toronto, A6 1,830,7451.8m $147.8m $147.8m 0.12% Added +1.5m +1,531,363
13 BANK OF MONTREAL /CAN/ 0.06% of their portfolio TORONTO, A6 1,798,7531.8m $145.2m $145.2m 0.06% Added +369.3k +369,260
14 DEUTSCHE BANK AG\ 0.04% of their portfolio FRANKFURT AM MAIN, 2M 1,485,1901.5m $119.9m $119.9m 0.04% Added +17.7k +17,711
15 GLENMEDE TRUST CO NA 0.53% of their portfolio PHILADELPHIA, PA 1,397,0511.4m $112.8m $112.8m 0.53% First filing
16 STIFEL FINANCIAL CORP 0.09% of their portfolio ST. LOUIS, MO 1,256,5501.3m $101.5m $101.5m 0.09% Added +47.2k +47,192
17 CITADEL ADVISORS LLC 0.06% of their portfolio MIAMI, FL 1,097,9731.1m $88.7m $88.7m 0.06% Added +387.3k +387,344
18 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 1,072,6081.1m $86.6m $86.6m 0.02% Added +313.5k +313,511
19 Quadrature Capital Ltd 0.82% of their portfolio LONDON, X0 992,110992.1k $80.1m $80.1m 0.82% Added +933.5k +933,517
20 Board of Trustees of The Leland Stanford Junior University 15.80% of their portfolio STANFORD, CA 971,270971.3k $78.4m $78.4m 15.80% Unchanged
21 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 944,976945.0k $76.3m $76.3m 0.02% Reduced -84.9k -84,919
22 Kemnay Advisory Services Inc. 10.59% of their portfolio New York, NY 869,500869.5k $70.2m $70.2m 10.59% Unchanged
23 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 861,036861.0k $69.5m $69.5m 0.02% Reduced -2.0m -2,000,560
24 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.36% of their portfolio VICTORIA, A1 841,186841.2k $67.9m $67.9m 0.36% Reduced -340.7k -340,700
25 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 817,350817.4k $66.0m $66.0m 0.01% Reduced -52.3k -52,286
26 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 792,663792.7k $64.0m $64.0m 0.01% Added +174.0k +173,953
27 FIL Ltd 0.05% of their portfolio HAMILTON, D0 788,968789.0k $63.7m $63.7m 0.05% Added +105.2k +105,183
28 Itau Unibanco Holding S.A. 1.51% of their portfolio SAO PAULO, D5 763,060763.1k $61.6m $61.6m 1.51% Added +261.8k +261,802
29 Millburn Ridgefield LLC /DE/ 1.46% of their portfolio New York, NY 759,224759.2k $61.3m $61.3m 1.46% Reduced -44.4k -44,419
30 Catalyst Capital Advisors LLC 1.26% of their portfolio San Juan, PR 759,224759.2k $61.3m $61.3m 1.26% Reduced -44.4k -44,419
31 CITIGROUP INC 0.04% of their portfolio NEW YORK, NY 703,422703.4k $56.8m $56.8m 0.04% Added +267.3k +267,281
32 Provida Pension Fund Administrator 0.98% of their portfolio LAS CONDES, SANTIAGO, F3 703,398703.4k $56.8m $56.8m 0.98% Added +185.1k +185,135
33 NATIONAL BANK OF CANADA /FI/ 0.05% of their portfolio MONTREAL, A8 601,400601.4k $48.6m $48.6m 0.05% Reduced -23.9k -23,900
34 Keewaydin Investments LLC 11.60% of their portfolio Southampton, NY 540,076540.1k $43.6m $43.6m 11.60% First filing
35 OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC 2.19% of their portfolio SAN FRANCISCO, CA 527,152527.2k $42.6m $42.6m 2.19% Reduced -10.0k -10,003
36 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 508,045508.0k $41.0m $41.0m 0.01% Reduced -41.9k -41,861
37 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 460,155460.2k $37.2m $37.2m 0.05% Reduced -11.6k -11,597
38 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 399,820399.8k $32.3m $32.3m 0.02% Reduced -4.3k -4,263
39 Rockefeller Capital Management L.P. 0.06% of their portfolio NEW YORK, NY 398,975399.0k $32.2m $32.2m 0.06% Added +28.7k +28,747
40 RED CEDAR INVESTMENT MANAGEMENT, LLC 3.42% of their portfolio GRAND RAPIDS, MI 392,224392.2k $31.7m $31.7m 3.42% Added +1.4k +1,443
41 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.21% of their portfolio NEW YORK, NY 385,806385.8k $31.1m $31.1m 0.21% Added +6 +6
42 Rathbones Group PLC 0.06% of their portfolio Liverpool, X0 381,446381.4k $30.8m $30.8m 0.06% Added +184.3k +184,316
43 ARMSTRONG ADVISORY GROUP, INC 2.07% of their portfolio NEEDHAM, MA 379,420379.4k $30.6m $30.6m 2.07% Added +9.3k +9,259
44 Angeles Investment Advisors, LLC 2.01% of their portfolio SANTA MONICA, CA 373,000373.0k $30.1m $30.1m 2.01% Unchanged
45 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.03% of their portfolio FRANKFURT AM MAIN, 2M 357,468357.5k $28.9m $28.9m 0.03% Reduced -202.3k -202,296
46 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 356,178356.2k $28.8m $28.8m 0.02% Added +180.3k +180,349
47 Miller Investment Management, LP 2.73% of their portfolio WEST CONSHOHOCKEN, PA 345,720345.7k $27.9m $27.9m 2.73% Reduced -20.8k -20,822
48 MACKENZIE FINANCIAL CORP 0.03% of their portfolio TORONTO ONTARIO, A6 333,637333.6k $27.0m $27.0m 0.03% Reduced -1.5k -1,500
49 ANGELES WEALTH MANAGEMENT, LLC 1.45% of their portfolio SANTA MONICA, CA 326,745326.7k $26.4m $26.4m 1.45% Added +19.0k +18,988
50 COMERICA BANK 0.10% of their portfolio DALLAS, TX 312,221312.2k $25.2m $25.2m 0.10% Reduced -31.8k -31,752
51 Grantham, Mayo, Van Otterloo & Co. LLC 0.06% of their portfolio Boston, MA 311,177311.2k $25.1m $25.1m 0.06% Unchanged
52 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 305,269305.3k $24.6m $24.6m 0.01% Added +53.9k +53,884
53 MML INVESTORS SERVICES, LLC 0.06% of their portfolio SPRINGFIELD, MA 304,490304.5k $24.6m $24.6m 0.06% Added +251.3k +251,265
54 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.12% of their portfolio HARRISBURG, PA 300,000300.0k $24.2m $24.2m 0.12% Unchanged
55 CIBC WORLD MARKET INC. 0.04% of their portfolio TORONTO, A6 295,843295.8k $23.9m $23.9m 0.04% Added +5.5k +5,487
56 Horizon Investments, LLC 0.29% of their portfolio Charlotte, NC 285,801285.8k $23.1m $23.1m 0.29% Reduced -26.8k -26,792
57 GFS Advisors, LLC 2.70% of their portfolio HOUSTON, TX 281,135281.1k $22.7m $22.7m 2.70% Reduced -1.1k -1,065
58 STRS OHIO 0.08% of their portfolio COLUMBUS, OH 276,103276.1k $22.3m $22.3m 0.08% Unchanged
59 Vontobel Holding Ltd. 0.07% of their portfolio ZURICH, V8 267,337267.3k $21.6m $21.6m 0.07% Added +5.3k +5,289
60 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 262,779262.8k $21.2m $21.2m 0.02% Reduced -2.8k -2,750
61 PGIM Custom Harvest LLC 0.31% of their portfolio NEWARK, NJ 262,608262.6k $21.2m $21.2m 0.31% Added +19.7k +19,712
62 Metis Global Partners, LLC 0.48% of their portfolio San Diego, CA 254,067254.1k $20.5m $20.5m 0.48% New
63 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 236,751236.8k $19.1m $19.1m 0.01% Added +5.3k +5,273
64 YOUSIF CAPITAL MANAGEMENT, LLC 0.21% of their portfolio BLOOMFIELD HILLS, MI 234,005234.0k $19.6m $19.6m 0.21% Reduced -33.7k -33,725
65 Polianta Ltd 2.42% of their portfolio ST HELIER, Y9 229,500229.5k $18.5m $18.5m 2.42% New
66 Lido Advisors, LLC 0.07% of their portfolio Los Angeles, CA 229,307229.3k $18.4m $18.4m 0.07% Added +4.1k +4,144
67 TD Waterhouse Canada Inc. 0.11% of their portfolio TORONTO, A6 217,879217.9k $17.6m $17.6m 0.11% Added +11.0k +11,016
68 Granite Bay Wealth Management, LLC 4.20% of their portfolio PORTSMOUTH, NH 214,716214.7k $17.3m $17.3m 4.20% Added +8.3k +8,272
69 PRUDENTIAL PLC 0.14% of their portfolio LONDON, X0 214,100214.1k $17.3m $17.3m 0.14% Reduced -4.7k -4,700
70 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.64% of their portfolio BOSTON, MA 212,681212.7k $17.2m $17.2m 0.64% Reduced -41.3k -41,291
71 Baker Avenue Asset Management, LP 0.39% of their portfolio SAN FRANCISCO, CA 209,723209.7k $16.9m $16.9m 0.39% Added +318 +318
72 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 204,325204.3k $16.5m $16.5m 0.03% Added +19.0k +18,978
73 Barry Investment Advisors, LLC 3.64% of their portfolio NEW BEDFORD, MA 202,282202.3k $16.3m $16.3m 3.64% Reduced -1.3k -1,257
74 Steward Partners Investment Advisory, LLC 0.08% of their portfolio STAMFORD, CT 191,291191.3k $15.4m $15.4m 0.08% Added +151.4k +151,363
75 Summit Financial, LLC 0.23% of their portfolio PARSIPPANY, NJ 191,156191.2k $15.4m $15.4m 0.23% Reduced -1.1k -1,099
76 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 187,697187.7k $15.2m $15.2m 0.02% Added +181.6k +181,583
77 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 179,865179.9k $14.5m $14.5m 0.02% Added +105.5k +105,545
78 Coastline Trust Co 1.35% of their portfolio PROVIDENCE, RI 177,629177.6k $14.3m $14.3m 1.35% Added +1.2k +1,225
79 BARINGS LLC 0.26% of their portfolio CHARLOTTE, NC 177,148177.1k $14.3m $14.3m 0.26% Reduced -21.5k -21,518
80 Federation des caisses Desjardins du Quebec 0.05% of their portfolio LEVIS, A8 176,101176.1k $14.2m $14.2m 0.05% Added +34.1k +34,067
81 NorthCoast Asset Management LLC 0.30% of their portfolio STAMFORD, CT 166,711166.7k $13.5m $13.5m 0.30% Reduced -3.2k -3,161
82 EFG International AG 0.26% of their portfolio Zurich, V8 163,820163.8k $13.2m $13.2m 0.26% First filing
83 Allianz Asset Management GmbH 0.01% of their portfolio MUNICH, 2M 158,500158.5k $12.8m $12.8m 0.01% Reduced -57.1k -57,100
84 TUDOR INVESTMENT CORP ET AL 0.07% of their portfolio STAMFORD, CT 153,799153.8k $12.4m $12.4m 0.07% New
85 OLD MISSION CAPITAL LLC 0.48% of their portfolio CHICAGO, IL 153,332153.3k $12.4m $12.4m 0.48% New
86 Banco Santander, S.A. 0.09% of their portfolio Madrid, U3 152,876152.9k $12.3m $12.3m 0.09% Reduced -96.2k -96,163
87 Allen Investment Management, LLC 0.14% of their portfolio NEW YORK, NY 151,441151.4k $12.2m $12.2m 0.14% Unchanged
88 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 150,370150.4k $12.1m $12.1m 0.01% Added +5.3k +5,303
89 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 148,298148.3k $12.0m $12.0m 0.05% Added +9.2k +9,193
90 Johns Hopkins University 0.86% of their portfolio BALTIMORE, MD 146,318146.3k $11.8m $11.8m 0.86% Unchanged
91 ELEMENT POINTE ADVISORS, LLC 2.26% of their portfolio MIAMI, FL 144,664144.7k $11.7m $11.7m 2.26% Added +9.5k +9,529
92 Portland Global Advisors LLC 1.22% of their portfolio PORTLAND, ME 140,228140.2k $11.3m $11.3m 1.22% Reduced -66 -66
93 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 135,400135.4k $10.9m $10.9m 0.02% Reduced -19.0k -19,000
94 SCOTIA CAPITAL INC. 0.04% of their portfolio TORONTO, A6 135,246135.2k $10.9m $10.9m 0.04% Added +51.8k +51,823
95 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 132,651132.7k $10.7m $10.7m 0.00% Added +17.8k +17,846
96 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 130,029130.0k $10.5m $10.5m 0.01% Reduced -21.2k -21,208
97 Harel Insurance Investments & Financial Services Ltd. 0.09% of their portfolio Ramat Gan, L3 128,526128.5k $10.4m $10.4m 0.09% Added +112 +112
98 Azimuth Capital Investment Management LLC 0.36% of their portfolio BLOOMFIELD HILLS, MI 125,145125.1k $10.1m $10.1m 0.36% Added +1.4k +1,445
99 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 122,829122.8k $9.9m $9.9m 0.01% Reduced -2.8k -2,829
100 Americana Partners, LLC 0.27% of their portfolio Houston, TX 122,234122.2k $9.9m $9.9m 0.27% Added +1.2k +1,183