iShares MSCI Emerging Markets ex China

EMXC • NASDAQ

iShares MSCI Emerging Markets ex China is an exchange-traded fund on NASDAQ. As of Q3 2025, 733 institutional investors hold shares in this ETF, with total holdings valued at $8.8B. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $844.8M.

Overview

Overview of institutional ownership in EMXC as of Q3 2025

All Institutions

Institutions: 733
Value Held: $8.8B
Shares Held: 130.8M
Avg Position: $12.1M
Median Position: $1.0M

Hedge Funds

Hedge Funds: 11
Value Held: $37.6M
Shares Held: 557.1K
Avg Position: $3.4M
Median Position: $1.0M

Biggest Investors

Institutions with the largest positions in EMXC as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$844.8M 0.06% of portfolio	12.5M shares	Q4 2022 Held for 2y 11m	$1.33T
Bank of New York Mellon Corp Institution	Robin Vince CEO	$485.1M 0.09% of portfolio	7.2M shares	Q4 2022 Held for 2y 11m	$556.34B
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$476.4M 0.06% of portfolio	7.1M shares	Q4 2022 Held for 2y 11m	$782.01B
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	-	$316.3M 0.21% of portfolio	4.7M shares	Q4 2022 Held for 2y 11m	$149.83B
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$295.0M 0.07% of portfolio	4.4M shares	Q1 2023 Held for 2y 8m	$433.11B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$252.0M 0.02% of portfolio	3.7M shares	Q4 2022 Held for 2y 11m	$1.65T
J JANE STREET GROUP, LLC Institution	-	$251.1M 0.30% of portfolio	3.7M shares	Q4 2022 Held for 2y 11m	$84.1B
T TEACHER RETIREMENT SYSTEM OF TEXAS Institution	-	$218.7M 0.88% of portfolio	3.2M shares	Q2 2025 Held for 5 months	$24.9B
Richard Bernstein Advisors LLC Long Only Manager	Richard Nmn Bernstein CEO	$195.3M 5.57% of portfolio	2.8M shares	Q4 2022 Held for 2y 11m	$3.5B
CULLEN/FROST BANKERS, INC. Institution	Phillip D. Green CEO	$176.2M 2.05% of portfolio	2.6M shares	Q3 2023 Held for 2y 2m	$8.6B

Net Capital Flow

Institutional buying and selling activity for EMXC in Q3 2025

Traded: −$1.2B
Buyers: 298
Sellers: 389
Total Bought: +$834.8M
Total Sold: −$2.0B
Avg Position: $10.9M

Biggest Buyers

Institution	Net Bought	Current Position
J JANE STREET GROUP, LLC Institution	+$251.1M +3.7M shares	$251.1M 3.7M shares
UBS Group AG Institution	+$117.4M +-268.8K shares	$117.4M 1.7M shares
A Absolute Gestao de Investimentos Ltda. Institution	+$48.3M +715.0K shares	$48.3M 715.0K shares
BANK OF AMERICA CORP /DE/ Institution	+$45.8M +678.7K shares	$844.8M 12.5M shares
NORTHERN TRUST CORP Institution	+$23.0M +340.9K shares	$476.4M 7.1M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$21.3M +315.0K shares	$22.8M 337.4K shares
E EASTERN BANK Institution	+$17.2M +255.2K shares	$90.8M 1.3M shares
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD Long Only Manager	+$16.6M +246.5K shares	$16.6M 246.5K shares
Q Qube Research & Technologies Ltd Institution	+$14.6M +215.6K shares	$16.1M 238.8K shares
N NATIONAL BANK OF CANADA /FI/ Institution	+$14.3M +211.7K shares	$14.3M 211.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
O OLD MISSION CAPITAL LLC Institution	−$527.6M −8.4M shares	Sold Off 0 shares
B BlackRock, Inc. Institution	−$263.6M −3.9M shares	$162.0M 2.4M shares
T TEACHER RETIREMENT SYSTEM OF TEXAS Institution	−$193.0M −2.9M shares	$218.7M 3.2M shares
Bank of New York Mellon Corp Institution	−$169.4M −2.5M shares	$485.1M 7.2M shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$109.9M −1.6M shares	$108.7M 1.6M shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	−$63.9M −946.3K shares	$167.1M 2.5M shares
A Adventist Health System/ West Institution	−$52.9M −837.7K shares	Sold Off 0 shares
L LPL Financial LLC Institution	−$51.1M −757.1K shares	$140.9M 2.1M shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$39.9M −591.6K shares	$20.5M 303.1K shares
Myriad Asset Management US LP Hedge Fund•Global Macro	−$39.8M −629.8K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 40
New Value: $231.7M
Exited Positions: 74
Exited Value: $705.2M

New Positions

Institution	Position Value
UBS Group AG Institution	$117.4M 1.7M shares
A Absolute Gestao de Investimentos Ltda. Institution	$48.3M 715.0K shares
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD Long Only Manager	$16.6M 246.5K shares
MML INVESTORS SERVICES, LLC RIA/Wealth	$13.0M 192.6K shares
BANK OF NOVA SCOTIA / Institution	$10.1M 150.0K shares
Turim 21 Investimentos Ltda. RIA/Wealth	$3.7M 54.4K shares
MERIDIAN MANAGEMENT CO RIA/Wealth	$3.2M 47.5K shares
V VIRGINIA RETIREMENT SYSTEMS ET AL Institution	$2.8M 41.0K shares
Silverleafe Capital Partners, LLC RIA/Wealth	$2.8M 40.9K shares
Tradewinds, LLC. RIA/Wealth	$2.3M 34.1K shares

Exited Positions

Institution	Previous Position
O OLD MISSION CAPITAL LLC Institution	$527.6M 8.4M shares
A Adventist Health System/ West Institution	$52.9M 837.7K shares
Myriad Asset Management US LP Hedge Fund•Global Macro	$39.8M 629.8K shares
P Permanens Capital L.P. Institution	$25.4M 401.5K shares
K Kelly Financial Services LLC RIA/Wealth	$12.4M 197.0K shares
Pacific Sage Partners, LLC RIA/Wealth	$8.8M 139.5K shares
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	$7.1M 111.7K shares
K KADENSA CAPITAL Ltd Institution	$3.7M 58.4K shares
S Scissortail Wealth Management, LLC RIA/Wealth	$2.1M 32.8K shares
Duncan Williams Asset Management, LLC RIA/Wealth	$1.9M 29.7K shares

Options Activity

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

Call Positions: 4
Call Value: $803.4K
Put Positions: 1
Put Value: -

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$540.1K 80.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$263.3K 39.0 contracts
C CSS LLC/IL Institution	- - contracts
B Belvedere Trading LLC Institution	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Prime Buchholz LLC Fund of Funds	Gregory Charles Johnson President	11.85% $21.6M	319.2K shares	Q1 2025 Held for 8 months	$181.9M
H Hughes Financial Services, LLC RIA/Wealth	Patrick Thomas Hughes Managing Partner	8.47% $53.2M	737.2K shares	Q4 2024 Held for 11 months	$628.6M
Trail Ridge Investment Advisors, LLC RIA/Wealth	David Charles Jordan CIO	6.89% $15.4M	227.8K shares	Q4 2022 Held for 2y 11m	$223.0M
A Absolute Gestao de Investimentos Ltda. Institution	-	6.40% $48.3M	715.0K shares	Q3 2025 Held for 2 months	$754.7M
BEAM Asset Management, LLC RIA/Wealth	Jaime Andres Benedetti CEO	5.97% $21.0M	310.9K shares	Q3 2023 Held for 2y 2m	$351.3M
U UNITED BANK /VA/ Institution	-	5.82% $48.8M	723.3K shares	Q4 2023 Held for 1y 11m	$839.1M
Eagle Bluffs Wealth Management LLC RIA/Wealth	Nicholas James Thurwanger Founder	5.62% $13.0M	193.0K shares	Q4 2022 Held for 2y 11m	$231.7M
B Bennett Associates Wealth Management RIA/Wealth	Collin Kenneth Randall President	5.59% $7.7M	114.0K shares	Q2 2024 Held for 1y 5m	$137.8M
C Carr Financial Group Corp Institution	-	5.58% $20.3M	300.3K shares	Q1 2024 Held for 1y 8m	$363.5M
Richard Bernstein Advisors LLC Long Only Manager	Richard Nmn Bernstein CEO	5.57% $195.3M	2.8M shares	Q4 2022 Held for 2y 11m	$3.5B

Hedge Fund Spotlight

Discover hedge funds investing in EMXC

RENAISSANCE TECHNOLOGIES LLC

Hedge Fund • Quant

Portfolio ManagerPeter Fitzhugh Brown

Portfolio Value: $75.8B
Positions: 3,419
Last Reported: Q3 2025

Sector Allocation

Position in iShares MSCI Emerging Markets ex China

Market Value: $3.6M
Shares Held: 53.8K
Portfolio Weight: 0.00%
Owned Since: 2024-Q4

Top Holding	Sector	Market Value	Weight
1 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$1.6B	2.06%
2 Nvidia NVDA	Semiconductors Technology	$1.1B	1.39%
3 Roblox RBLX	Electronic Gaming & Multimedia Technology	$953.5M	1.26%