iShares MSCI EAFE

EFA • ARCA

iShares MSCI EAFE is an exchange-traded fund on ARCA. As of Q3 2025, 1,996 institutional investors hold shares in this ETF, with total holdings valued at $53.4B. BlackRock, Inc. is the largest holder with a position valued at $8.5B.

Overview

Overview of institutional ownership in EFA as of Q3 2025

All Institutions

Institutions: 1,996
Value Held: $53.4B
Shares Held: 572.0M
Avg Position: $26.7M
Median Position: $1.4M

Hedge Funds

Hedge Funds: 30
Value Held: $431.9M
Shares Held: 4.6M
Avg Position: $14.4M
Median Position: $1.6M

Biggest Investors

Institutions with the largest positions in EFA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$8.5B 0.15% of portfolio	91.4M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$3.6B 0.27% of portfolio	38.3M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$2.8B 0.40% of portfolio	29.7M shares	≤ Q2 2013 Held for 12y 5m+	$691.34B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$2.6B 0.16% of portfolio	27.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$2.0B 0.25% of portfolio	21.1M shares	≤ Q2 2013 Held for 12y 5m+	$782.01B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$1.9B 0.12% of portfolio	20.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$1.5B 0.30% of portfolio	15.6M shares	≤ Q2 2013 Held for 12y 5m+	$488.61B
NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC Insurance Manager	Deborah Allison Schultz President	$1.3B 18.64% of portfolio	13.8M shares	Q3 2019 Held for 6y 2m	$6.9B
UBS Group AG Institution	Sergio P. Ermotti CEO	$1.1B 0.22% of portfolio	12.0M shares	Q4 2014 Held for 10y 11m	$511.54B
R ROYAL BANK OF CANADA Institution	-	$1.0B 0.19% of portfolio	10.9M shares	≤ Q2 2013 Held for 12y 5m+	$542.04B

Net Capital Flow

Institutional buying and selling activity for EFA in Q3 2025

Net Flow: −$332.5M
Buyers: 705
Sellers: 756
Total Bought: +$3.1B
Total Sold: −$3.4B
Avg Position: $27.1M

Biggest Buyers

Institution	Net Bought	Current Position
CAUSEWAY CAPITAL MANAGEMENT LLC Long Only Manager	+$462.4M +5.0M shares	$463.1M 5.0M shares
MORGAN STANLEY RIA/Wealth	+$385.4M +4.1M shares	$2.6B 27.4M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$239.4M +2.6M shares	$245.2M 2.6M shares
B BESSEMER GROUP INC Institution	+$192.5M +2.1M shares	$413.7M 4.4M shares
BANK OF AMERICA CORP /DE/ Institution	+$192.4M +2.1M shares	$3.6B 38.3M shares
NGAM ADVISORS, L.P. Long Only Manager	+$89.0M +952.9K shares	$218.7M 2.3M shares
R ROYAL BANK OF CANADA Institution	+$80.9M +866.8K shares	$1.0B 10.9M shares
AMERIPRISE FINANCIAL INC Institution	+$75.6M +810.0K shares	$315.7M 3.4M shares
Cetera Investment Advisers RIA/Wealth	+$74.5M +797.8K shares	$169.3M 1.8M shares
Prosperity Consulting Group, LLC RIA/Wealth	+$73.7M +788.8K shares	$75.6M 809.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
GOLDMAN SACHS GROUP INC Institution	−$422.0M −4.5M shares	$2.8B 29.7M shares
C CI Private Wealth, LLC RIA/Wealth	−$339.1M −3.6M shares	$199.4M 2.1M shares
CAMBRIDGE ASSOCIATES LLC /MA/ /ADV Fund of Funds	−$325.1M −3.6M shares	Sold Off 0 shares
J JANE STREET GROUP, LLC Institution	−$282.4M −3.0M shares	$147.2M 1.6M shares
B BlackRock, Inc. Institution	−$272.3M −2.9M shares	$8.5B 91.4M shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$218.3M −2.3M shares	$105.4M 1.1M shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$202.1M −2.2M shares	$116.5M 1.2M shares
JPMORGAN CHASE & CO Institution	−$71.2M −763.1K shares	$1.9B 20.5M shares
J Johns Hopkins University Institution	−$62.1M −694.4K shares	Sold Off 0 shares
S SG Americas Securities, LLC Institution	−$61.2M −655.9K shares	$35.5M 380.0K shares

Entry and Exit Activity

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

New Positions: 54
New Value: $85.4M
Exited Positions: 76
Exited Value: $604.0M

New Positions

Institution	Position Value
A Absolute Gestao de Investimentos Ltda. Institution	$26.7M 285.5K shares
GATEWAY INVESTMENT ADVISERS LLC Long Only Manager	$10.7M 115.0K shares
M My Personal CFO, LLC RIA/Wealth	$7.4M 79.7K shares
Sharp Financial Services, LLC RIA/Wealth	$6.2M 66.5K shares
C Cedar Mountain Advisors, LLC RIA/Wealth	$5.9M 63.0K shares
C Canoe Financial LP Institution	$4.2M 45.7K shares
B&D White Capital Company, LLC RIA/Wealth	$2.3M 24.7K shares
VIRTUE ASSET MANAGEMENT LLC RIA/Wealth	$2.2M 23.3K shares
GOLUB GROUP LLC RIA/Wealth	$1.9M 20.4K shares
Berman McAleer LLC RIA/Wealth	$1.8M 19.4K shares

Exited Positions

Institution	Previous Position
CAMBRIDGE ASSOCIATES LLC /MA/ /ADV Fund of Funds	$325.1M 3.6M shares
J Johns Hopkins University Institution	$62.1M 694.4K shares
Advisors Preferred, LLC Institution	$28.2M 316.2K shares
GLUSKIN SHEFF & ASSOC INC Long Only Manager	$26.4M 295.4K shares
D DRW Securities, LLC Institution	$24.2M 271.4K shares
INSPIRE TRUST CO, N.A. Private Equity	$18.0M 201.0K shares
C CONNABLE OFFICE INC Institution	$15.3M 171.4K shares
Anchor Capital Management Group Inc Long Only Manager	$14.3M 160.0K shares
J Jump Financial, LLC Institution	$14.0M 156.4K shares
Fullerton Fund Management Co Ltd RIA/Wealth	$13.9M 155.0K shares

Options Activity

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

Call Positions: 42
Call Value: $6.3B
Put Positions: 53
Put Value: $7.2B

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.5B 162.6K contracts
GOLDMAN SACHS GROUP INC Institution	$688.2M 73.7K contracts
J JANE STREET GROUP, LLC Institution	$661.2M 70.8K contracts
BARCLAYS PLC Institution	$445.8M 47.7K contracts
CITIGROUP INC Institution	$442.6M 47.4K contracts
B BlackRock, Inc. Institution	$435.2M 46.6K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$357.1M 38.3K contracts
BANK OF AMERICA CORP /DE/ Institution	$268.3M 28.7K contracts
UBS Group AG Institution	$209.4M 22.4K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$193.1M 20.7K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.8B 197.4K contracts
J JANE STREET GROUP, LLC Institution	$725.8M 77.7K contracts
GOLDMAN SACHS GROUP INC Institution	$636.7M 68.2K contracts
R ROYAL BANK OF CANADA Institution	$419.4M 44.9K contracts
BANK OF AMERICA CORP /DE/ Institution	$413.0M 44.2K contracts
CITIGROUP INC Institution	$411.8M 44.1K contracts
WELLS FARGO & COMPANY/MN Institution	$389.2M 41.7K contracts
UBS Group AG Institution	$361.3M 38.7K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$341.1M 36.5K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$322.7M 34.6K contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Board of Trustees of The Leland Stanford Junior University Family Office	Anthony Stanley Waskiewicz Managing Partner	36.73% $312.5M	3.3M shares	Q2 2024 Held for 1y 5m	$850.7M
Hackensack Meridian Health, Inc. RIA/Wealth	Joseph Francis Strancar President	27.95% $227.9M	2.4M shares	Q1 2024 Held for 1y 8m	$815.5M
B BONTEMPO OHLY CAPITAL MGMT LLC RIA/Wealth	John Forbes Ohly President	26.25% $60.6M	649.0K shares	Q4 2014 Held for 10y 11m	$230.9M
Lepercq De Neuflize Asset Management LLC Fund of Funds	Thomas A. Riboud-Seydoux CEO	25.32% $43.5M	466.0K shares	Q4 2024 Held for 11 months	$171.9M
Ryan Investment Management, Inc. RIA/Wealth	Christopher Sean Ryan President	24.83% $44.7M	478.6K shares	Q2 2025 Held for 5 months	$179.9M
Brewster Financial Planning LLC RIA/Wealth	Charles Erskine Scott Brewster Managing Partner	18.90% $30.1M	321.8K shares	Q4 2021 Held for 3y 11m	$159.0M
NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC Insurance Manager	Deborah Allison Schultz President	18.64% $1.3B	13.8M shares	Q3 2019 Held for 6y 2m	$6.9B
Annis Gardner Whiting Capital Advisors, LLC RIA/Wealth	Peter Justin Gardner CIO	15.23% $73.6M	788.7K shares	Q3 2023 Held for 2y 2m	$483.4M
A ARRIEN INVESTMENTS, INC. RIA/Wealth	Alex Ray Hansen CCO	14.52% $24.8M	265.8K shares	Q1 2023 Held for 2y 8m	$171.0M
Turim 21 Investimentos Ltda. RIA/Wealth	Ana Carolina Oliveira Pinhero De Carvalho CEO	14.26% $39.2M	420.3K shares	Q1 2025 Held for 8 months	$275.2M

Hedge Fund Spotlight

Discover hedge funds investing in EFA

Solstein Capital, LLC

Hedge Fund • Value

Portfolio ManagerNadine F Terman

Portfolio Value: $218.5M
Positions: 447
Last Reported: Q3 2025

Sector Allocation

Position in iShares MSCI EAFE

Market Value: $4.6M
Shares Held: 49.4K
Portfolio Weight: 2.11%
Owned Since: 2023-Q1

Top Holding	Sector	Market Value	Weight
1 SPDR S&P 500 ETF Trust SPY	ETF ETF	$18.6M	8.50%
2 Apple AAPL	Consumer Electronics Technology	$16.9M	7.73%
3 Microsoft MSFT	Software - Infrastructure Technology	$11.9M	5.44%