iShares MSCI All Country Asia ex Japan

AAXJ • NASDAQ

iShares MSCI All Country Asia ex Japan is an exchange-traded fund on NASDAQ. As of Q3 2025, 193 institutional investors hold shares in this ETF, with total holdings valued at $1.3B. JPMORGAN CHASE & CO is the largest holder with a position valued at $262.8M.

Overview

Overview of institutional ownership in AAXJ as of Q3 2025

All Institutions

Institutions: 193
Value Held: $1.3B
Shares Held: 14.6M
Avg Position: $6.9M
Median Position: $653.0K

Hedge Funds

Hedge Funds: 3
Value Held: $25.3M
Shares Held: 277.3K
Avg Position: $8.4M
Median Position: $5.4M

Biggest Investors

Institutions with the largest positions in AAXJ as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$262.8M 0.02% of portfolio	2.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$109.1M 0.01% of portfolio	1.2M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
A Analyst IMS Investment Management Services Ltd. Institution	-	$98.3M 3.08% of portfolio	1.1M shares	Q4 2019 Held for 5y 11m	$3.2B
Oversea-Chinese Banking CORP Ltd Real Assets	Alfonso Jose Munk President	$75.8M 1.96% of portfolio	831.3K shares	Q4 2022 Held for 2y 11m	$3.9B
J.Safra Asset Management Corp Fund of Funds	Rafay Hassan Farooqui CEO	$73.6M 4.48% of portfolio	807.2K shares	Q1 2025 Held for 8 months	$1.6B
A Atlantic Trust Group, LLC Institution	-	$66.9M 0.11% of portfolio	733.3K shares	Q3 2018 Held for 7y 2m	$58.4B
P PRAGMA GESTAO DE PATRIMONIO LTD Institution	-	$55.1M 23.72% of portfolio	604.0K shares	Q4 2024 Held for 11 months	$232.3M
ALLIANCEBERNSTEIN L.P. Long Only Manager	Seth Perry Bernstein CEO	$47.7M 0.02% of portfolio	522.7K shares	Q4 2014 Held for 10y 11m	$317.45B
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Jean Marie Hynes CEO	$44.9M 0.01% of portfolio	492.3K shares	≤ Q2 2013 Held for 12y 5m+	$571.21B
R ROYAL BANK OF CANADA Institution	-	$30.1M 0.01% of portfolio	329.9K shares	≤ Q2 2013 Held for 12y 5m+	$542.04B

Net Capital Flow

Institutional buying and selling activity for AAXJ in Q3 2025

Traded: +$29.3M
Buyers: 77
Sellers: 71
Total Bought: +$151.6M
Total Sold: −$122.3M
Avg Position: $6.5M

Biggest Buyers

Institution	Net Bought	Current Position
A Analyst IMS Investment Management Services Ltd. Institution	+$26.3M +288.7K shares	$98.3M 1.1M shares
R ROYAL BANK OF CANADA Institution	+$21.7M +238.3K shares	$30.1M 329.9K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$19.6M +214.7K shares	$19.6M 214.7K shares
MORGAN STANLEY RIA/Wealth	+$12.2M +133.6K shares	$109.1M 1.2M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$8.2M +90.0K shares	$44.9M 492.3K shares
J JANE STREET GROUP, LLC Institution	+$7.4M +80.9K shares	$7.4M 80.9K shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	+$6.6M +71.9K shares	$18.3M 201.1K shares
Z Zurich Insurance Group Ltd/FI Institution	+$5.5M +59.5K shares	$9.1M 97.8K shares
B Bank Julius Baer & Co. Ltd, Zurich Institution	+$5.0M +54.6K shares	$23.5M 257.3K shares
D DRW Securities, LLC Institution	+$3.3M +36.4K shares	$3.3M 36.4K shares

Biggest Sellers

Institution	Net Sold	Current Position
Oversea-Chinese Banking CORP Ltd Real Assets	−$51.8M −568.5K shares	$75.8M 831.3K shares
P PRAGMA GESTAO DE PATRIMONIO LTD Institution	−$17.8M −195.0K shares	$55.1M 604.0K shares
BFI Infinity Ltd. RIA/Wealth	−$12.6M −152.9K shares	Sold Off 0 shares
GOLDMAN SACHS GROUP INC Institution	−$9.2M −100.7K shares	$7.8M 85.0K shares
BANK OF AMERICA CORP /DE/ Institution	−$7.9M −87.1K shares	$19.2M 210.2K shares
JPMORGAN CHASE & CO Institution	−$6.6M −72.7K shares	$262.8M 2.9M shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$2.0M −24.2K shares	Sold Off 0 shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	−$1.9M −20.5K shares	$47.7M 522.7K shares
PRUDENTIAL FINANCIAL INC Institution	−$1.4M −16.9K shares	Sold Off 0 shares
B Banque Cantonale Vaudoise Institution	−$1.4M −15.2K shares	$3.6M 39.7K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited AAXJ in Q3 2025

New Positions: 7
New Value: $2.3M
Exited Positions: 12
Exited Value: $18.1M

New Positions

Institution	Position Value
Groupe la Francaise Fund of Funds	$1.6M 21.0K shares
BCJ Capital Management, LLC RIA/Wealth	$398.7K 4.4K shares
R Russell Investments Group, Ltd. RIA/Wealth	$142.0K 1.6K shares
U UMB BANK N A/MO Institution	$103.4K 1.1K shares
Triumph Capital Management RIA/Wealth	$21.2K 232.0 shares
M Marshall & Sterling Wealth Advisors Inc. RIA/Wealth	$13.3K 146.0 shares
Wall Street Access Asset Management, LLC RIA/Wealth	$9.1K 100.0 shares

Exited Positions

Institution	Previous Position
BFI Infinity Ltd. RIA/Wealth	$12.6M 152.9K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$2.0M 24.2K shares
PRUDENTIAL FINANCIAL INC Institution	$1.4M 16.9K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$1.2M 14.1K shares
S SG Americas Securities, LLC Institution	$502.2K 6.1K shares
N NWAM LLC Institution	$212.9K 2.6K shares
GFG Capital, LLC RIA/Wealth	$111.5K 1.4K shares
A AdvisorNet Financial, Inc Institution	$26.1K 316.0 shares
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$8.3K 100.0 shares
SRS Capital Advisors, Inc. RIA/Wealth	$2.3K 28.0 shares

Options Activity

Institutions with the largest Call and Put options positions in AAXJ as of Q3 2025

Call Positions: 2
Call Value: $8.3M
Put Positions: 1
Put Value: $15.0M

Call Positions

Institution	Position Value
BOOTHBAY FUND MANAGEMENT, LLC Fund of Funds	$7.8M 724.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$583.8K 64.0 contracts

Put Positions

Institution	Position Value
BFI Infinity Ltd. RIA/Wealth	$15.0M 1.6K contracts

Most Committed Institutions

Institutions with AAXJ as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
P PRAGMA GESTAO DE PATRIMONIO LTD Institution	-	23.72% $55.1M	604.0K shares	Q4 2024 Held for 11 months	$232.3M
G GRUSS & CO INC Institution	-	4.93% $1.9M	20.5K shares	Q1 2025 Held for 8 months	$38.0M
J.Safra Asset Management Corp Fund of Funds	Rafay Hassan Farooqui CEO	4.48% $73.6M	807.2K shares	Q1 2025 Held for 8 months	$1.6B
Palisades Hudson Asset Management, L.P. RIA/Wealth	Eric Anthony Meermann President	3.76% $9.9M	108.7K shares	≤ Q2 2013 Held for 12y 5m+	$263.8M
A Analyst IMS Investment Management Services Ltd. Institution	-	3.08% $98.3M	1.1M shares	Q4 2019 Held for 5y 11m	$3.2B
Moneda S.A. Administradora General de Fondos Institution	Jasleen Kaur Bains CCO	2.73% $2.5M	26.1K shares	Q4 2019 Held for 5y 11m	$90.6M
Oversea-Chinese Banking CORP Ltd Real Assets	Alfonso Jose Munk President	1.96% $75.8M	831.3K shares	Q4 2022 Held for 2y 11m	$3.9B
Global Endowment Management, LP Fund of Funds	Jay Thomas Ripley CIO	1.89% $15.1M	165.6K shares	Q4 2020 Held for 4y 11m	$798.6M
FIDUCIARY FINANCIAL GROUP, LLC RIA/Wealth	Richard Lloyd Davey Managing Partner	1.69% $10.7M	116.9K shares	Q2 2024 Held for 1y 5m	$632.0M
F FPC INVESTMENT ADVISORY, INC. RIA/Wealth	Bijan Golkar President	1.68% $2.8M	30.8K shares	Q1 2024 Held for 1y 8m	$166.7M

Hedge Fund Spotlight

Discover hedge funds investing in AAXJ

CITADEL ADVISORS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerKenneth Cordele Griffin

Portfolio Value: $122.08B
Positions: 5,531
Last Reported: Q3 2025

Sector Allocation

Position in iShares MSCI All Country Asia ex Japan

Market Value: $19.6M
Shares Held: 214.7K
Portfolio Weight: 0.02%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$2.1B	1.68%
2 Nvidia NVDA	Semiconductors Technology	$1.8B	1.50%
3 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$1.4B	1.18%