iShares MSCI ACWI

ACWI • NASDAQ

iShares MSCI ACWI is an exchange-traded fund on NASDAQ. As of Q3 2025, 740 institutional investors hold shares in this ETF, with total holdings valued at $9.5B. MORGAN STANLEY is the largest holder with a position valued at $967.6M.

Overview

Overview of institutional ownership in ACWI as of Q3 2025

All Institutions

Institutions: 740
Value Held: $9.5B
Shares Held: 68.8M
Avg Position: $12.9M
Median Position: $976.5K

Hedge Funds

Hedge Funds: 18
Value Held: $434.0M
Shares Held: 3.1M
Avg Position: $24.1M
Median Position: $2.0M

Biggest Investors

Institutions with the largest positions in ACWI as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$967.6M 0.06% of portfolio	7.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
P Phoenix Holdings Ltd. Institution	-	$449.1M 5.40% of portfolio	3.2M shares	Q2 2023 Held for 2y 5m	$8.3B
P/E Global LLC Hedge Fund•Global Macro	Warren Joseph Naphtal President	$293.2M 58.64% of portfolio	2.1M shares	Q1 2024 Held for 1y 8m	$500.0M
S Sageworth Trust Co Institution	-	$239.4M 11.16% of portfolio	1.7M shares	≤ Q2 2013 Held for 12y 5m+	$2.1B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$233.5M 0.05% of portfolio	1.7M shares	Q4 2018 Held for 6y 11m	$488.61B
PNC FINANCIAL SERVICES GROUP, INC. Institution	William S. Demchak CEO	$190.0M 0.12% of portfolio	1.4M shares	≤ Q2 2013 Held for 12y 5m+	$164.83B
ICONIQ Capital, LLC Family Office	Kevin Noel Foster Managing Partner	$187.0M 2.32% of portfolio	1.4M shares	Q3 2013 Held for 12y 2m	$8.0B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$179.8M 0.01% of portfolio	1.3M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
Sequoia Financial Advisors, LLC RIA/Wealth	Thomas Arthur Haught CEO	$178.8M 1.09% of portfolio	1.3M shares	Q4 2024 Held for 11 months	$16.4B
P PRUDENTIAL PLC Institution	-	$158.1M 1.16% of portfolio	1.1M shares	Q3 2015 Held for 10y 2m	$13.6B

Net Capital Flow

Institutional buying and selling activity for ACWI in Q3 2025

Net Flow: −$525.5M
Buyers: 221
Sellers: 255
Total Bought: +$964.2M
Total Sold: −$1.5B
Avg Position: $13.4M

Biggest Buyers

Institution	Net Bought	Current Position
P Phoenix Holdings Ltd. Institution	+$132.1M +955.5K shares	$449.1M 3.2M shares
Granger Management LLC Fund of Funds	+$76.1M +550.5K shares	$119.6M 864.8K shares
Rector, Church-Wardens & Vestrymen of Trinity Church in the city of New-York RIA/Wealth	+$53.8M +389.2K shares	$101.5M 734.3K shares
GENWORTH FINANCIAL WEALTH MANAGEMENT, INC Long Only Manager	+$46.0M +332.9K shares	$109.0M 788.3K shares
BANK OF MONTREAL /CAN/ Institution	+$46.0M +332.7K shares	$100.5M 727.0K shares
C CI Private Wealth, LLC RIA/Wealth	+$40.2M +290.5K shares	$106.1M 767.6K shares
P PRUDENTIAL PLC Institution	+$40.2M +290.5K shares	$158.1M 1.1M shares
N NATIONAL BANK OF CANADA /FI/ Institution	+$38.4M +278.0K shares	$102.0M 737.7K shares
Lido Advisors, LLC RIA/Wealth	+$32.9M +238.3K shares	$47.5M 343.6K shares
LOWE BROCKENBROUGH & CO INC RIA/Wealth	+$29.3M +212.0K shares	$98.2M 710.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
Q Qalhat Capital Ltd Institution	−$461.4M −3.6M shares	Sold Off 0 shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$205.2M −1.5M shares	$97.9M 708.2K shares
GOLDMAN SACHS GROUP INC Institution	−$142.9M −1.0M shares	$104.9M 759.1K shares
MORGAN STANLEY RIA/Wealth	−$71.9M −520.1K shares	$967.6M 7.0M shares
TORONTO DOMINION BANK Institution	−$64.3M −500.0K shares	Sold Off 0 shares
Federation des caisses Desjardins du Quebec Fund of Funds	−$57.0M −412.2K shares	$28.9M 209.0K shares
Oversea-Chinese Banking CORP Ltd Real Assets	−$50.6M −365.9K shares	$140.5M 1.0M shares
A Allianz Asset Management AG Institution	−$36.6M −264.5K shares	$155.1M 1.1M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$35.5M −256.8K shares	$21.9M 158.1K shares
B BANK HAPOALIM BM Institution	−$33.5M −242.0K shares	$3.7M 27.0K shares

Entry and Exit Activity

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

New Positions: 44
New Value: $80.4M
Exited Positions: 33
Exited Value: $574.5M

New Positions

Institution	Position Value
Portus Wealth Advisors, LLC RIA/Wealth	$15.7M 113.3K shares
CHANNEL WEALTH LLC RIA/Wealth	$9.0M 64.9K shares
Rothschild Capital Partners, LLC Hedge Fund•Long/Short	$8.7M 63.3K shares
C COOPER INVESTORS PTY LTD Institution	$8.7M 63.1K shares
P Permanent Capital Management, LP RIA/Wealth	$7.6M 54.9K shares
JustInvest LLC Long Only Manager	$5.0M 36.2K shares
Empowered Funds, LLC ETF Provider	$4.8M 34.5K shares
Beverly Hills Private Wealth, LLC RIA/Wealth	$2.8M 20.2K shares
Sellwood Investment Partners LLC Fund of Funds	$2.8M 20.2K shares
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy	$2.3M 16.9K shares

Exited Positions

Institution	Previous Position
Q Qalhat Capital Ltd Institution	$461.4M 3.6M shares
TORONTO DOMINION BANK Institution	$64.3M 500.0K shares
INTL FCSTONE INC. Institution	$30.0M 233.6K shares
O OLD MISSION CAPITAL LLC Institution	$2.9M 22.3K shares
COLDSTREAM CAPITAL MANAGEMENT INC RIA/Wealth	$2.7M 21.3K shares
J JANE STREET GROUP, LLC Institution	$2.3M 18.0K shares
Metis Global Partners, LLC RIA/Wealth	$2.0M 15.3K shares
MayTech Global Investments, LLC Hedge Fund•Sector	$1.6M 12.3K shares
AlphaStar Capital Management, LLC RIA/Wealth	$1.1M 8.4K shares
Simplicity Wealth,LLC RIA/Wealth	$1.0M 8.0K shares

Options Activity

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

Call Positions: 9
Call Value: $295.2M
Put Positions: 7
Put Value: $30.7M

Call Positions

Institution	Position Value
B BlackRock, Inc. Institution	$285.3M 20.6K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.3M 313.0 contracts
J JANE STREET GROUP, LLC Institution	$2.5M 179.0 contracts
Avestar Capital, LLC RIA/Wealth	$1.4M 100.0 contracts
FRANKLIN RESOURCES INC Institution	$1.4M 100.0 contracts
O OLD MISSION CAPITAL LLC Institution	$326.9K 268.0 contracts
ZEGA Investments, LLC RIA/Wealth	- - contracts
B BNP PARIBAS ARBITRAGE, SA Institution	- - contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
J JANE STREET GROUP, LLC Institution	$15.4M 1.1K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$9.2M 664.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$6.2M 446.0 contracts
O OLD MISSION CAPITAL LLC Institution	$40.1K 323.0 contracts
GOLDMAN SACHS GROUP INC Institution	- - contracts
Avestar Capital, LLC RIA/Wealth	- - contracts
UBS Group AG Institution	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
P/E Global LLC Hedge Fund•Global Macro	Warren Joseph Naphtal President	58.64% $293.2M	2.1M shares	Q1 2024 Held for 1y 8m	$500.0M
Rector, Church-Wardens & Vestrymen of Trinity Church in the city of New-York RIA/Wealth	Fredric Brian Fisher President	43.38% $101.5M	734.3K shares	Q1 2025 Held for 8 months	$234.0M
BRANDYWINE MANAGERS, LLC Fund of Funds	John Anthony Ciccarone President	38.94% $40.6M	293.7K shares	Q1 2023 Held for 2y 8m	$104.2M
Granger Management LLC Fund of Funds	Andrew Conried Walter Managing Partner	34.89% $119.6M	864.8K shares	Q4 2020 Held for 4y 11m	$342.6M
Verger Capital Management LLC Fund of Funds	James Joseph Dunn CEO	24.60% $75.8M	548.3K shares	Q3 2018 Held for 7y 2m	$308.1M
Centerstone Investors, LLC Long Only Manager	Abhay Deshpande CIO	18.22% $5.1M	37.0K shares	Q1 2025 Held for 8 months	$28.1M
P Privium Fund Management Ltd Institution	-	17.78% $28.4M	206.6K shares	Q4 2023 Held for 1y 11m	$159.9M
DIMENSION CAPITAL MANAGEMENT PARTNERS Fund of Funds	Miguel Fernando Duenas President	17.43% $119.5M	864.2K shares	Q4 2016 Held for 8y 11m	$685.4M
Portus Wealth Advisors, LLC RIA/Wealth	William Brantley Bissett Managing Partner	16.68% $15.7M	113.3K shares	Q3 2025 Held for 2 months	$93.9M
Three Bridge Wealth Advisors, LLC RIA/Wealth	Eric Thomas Thurber CIO	14.69% $57.0M	412.2K shares	Q1 2022 Held for 3y 8m	$387.9M

Hedge Fund Spotlight

Discover hedge funds investing in ACWI

Quantinno Capital Management LP

Hedge Fund • Market Neutral

Portfolio ManagerHoon Nmn Kim

Portfolio Value: $36.6B
Positions: 2,911
Last Reported: Q3 2025

Sector Allocation

Position in iShares MSCI ACWI

Market Value: $29.8M
Shares Held: 215.3K
Portfolio Weight: 0.08%
Owned Since: 2024-Q1

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$2.1B	5.71%
2 Apple AAPL	Consumer Electronics Technology	$1.9B	5.06%
3 Microsoft MSFT	Software - Infrastructure Technology	$1.4B	3.93%