iShares MSCI Canada

EWC • ARCA

iShares MSCI Canada is an exchange-traded fund on ARCA. As of Q3 2025, 311 institutional investors hold shares in this ETF, with total holdings valued at $2.5B. JPMORGAN CHASE & CO is the largest holder with a position valued at $667.7M.

Overview

Overview of institutional ownership in EWC as of Q3 2025

All Institutions

Institutions: 311
Value Held: $2.5B
Shares Held: 48.8M
Avg Position: $7.9M
Median Position: $520.1K

Hedge Funds

Hedge Funds: 15
Value Held: $51.6M
Shares Held: 1.0M
Avg Position: $3.4M
Median Position: $936.2K

Biggest Investors

Institutions with the largest positions in EWC as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$667.7M 0.04% of portfolio	13.2M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$119.0M 0.01% of portfolio	2.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
DIAM Co., Ltd. Long Only Manager	Noriyuki Nmn Sugihara CEO	$97.2M 0.28% of portfolio	1.9M shares	Q4 2016 Held for 8y 11m	$34.5B
R ROYAL BANK OF CANADA Institution	-	$88.6M 0.02% of portfolio	1.8M shares	≤ Q2 2013 Held for 12y 5m+	$542.04B
K Korea Investment CORP Institution	-	$84.1M 0.17% of portfolio	1.7M shares	Q2 2022 Held for 3y 5m	$48.6B
GENWORTH FINANCIAL WEALTH MANAGEMENT, INC Long Only Manager	Hyun Michael Kim CEO	$84.0M 0.18% of portfolio	1.7M shares	Q3 2013 Held for 12y 2m	$46.5B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$83.9M 0.01% of portfolio	1.7M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$77.5M 0.01% of portfolio	1.5M shares	≤ Q2 2013 Held for 12y 5m+	$691.34B
F FIL Ltd Institution	-	$75.5M 0.06% of portfolio	1.5M shares	Q3 2023 Held for 2y 2m	$127.75B
B BlackRock, Inc. Institution	-	$67.8M 0.00% of portfolio	1.3M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T

Net Capital Flow

Institutional buying and selling activity for EWC in Q3 2025

Traded: −$163.8M
Buyers: 125
Sellers: 119
Total Bought: +$161.7M
Total Sold: −$325.5M
Avg Position: $7.4M

Biggest Buyers

Institution	Net Bought	Current Position
B BANCO BILBAO VIZCAYA ARGENTARIA, S.A. RIA/Wealth	+$30.0M +594.8K shares	$33.5M 663.0K shares
MORGAN STANLEY RIA/Wealth	+$20.5M +405.7K shares	$119.0M 2.4M shares
C CADINHA & CO LLC RIA/Wealth	+$14.3M +282.3K shares	$14.3M 282.3K shares
Wright Fund Managment, LLC Long Only Manager	+$12.5M +246.7K shares	$12.5M 246.7K shares
F FIL Ltd Institution	+$10.2M +202.4K shares	$75.5M 1.5M shares
M MANUFACTURERES LIFE INSURANCE CO Institution	+$9.0M +179.0K shares	$9.0M 179.0K shares
NORTHERN TRUST CORP Institution	+$6.6M +130.2K shares	$6.6M 130.2K shares
Graham Capital Management, L.P. Hedge Fund•Multi-Strategy	+$6.5M +129.0K shares	$6.5M 129.0K shares
Walleye Trading LLC RIA/Wealth	+$4.1M +81.4K shares	$8.9M 175.8K shares
K Karpus Management, Inc. Institution	+$3.5M +69.9K shares	$13.6M 269.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
Trium Capital LLP Hedge Fund•Multi-Strategy	−$71.7M −1.6M shares	Sold Off 0 shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$51.6M −1.1M shares	Sold Off 0 shares
C CIBC World Markets Inc. Institution	−$29.2M −577.9K shares	$18.2M 360.1K shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$27.8M −549.8K shares	$39.8M 788.2K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$18.0M −356.9K shares	$4.8M 94.9K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	−$13.5M −267.4K shares	$9.0M 177.6K shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	−$12.8M −253.9K shares	$58.9M 1.2M shares
L LPL Financial LLC Institution	−$7.1M −139.9K shares	$18.0M 356.3K shares
Checchi Capital Advisers, LLC RIA/Wealth	−$6.9M −148.7K shares	Sold Off 0 shares
AMERIPRISE FINANCIAL INC Institution	−$6.8M −134.5K shares	$30.8M 609.5K shares

Entry and Exit Activity

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

New Positions: 19
New Value: $20.2M
Exited Positions: 21
Exited Value: $146.3M

New Positions

Institution	Position Value
Wright Fund Managment, LLC Long Only Manager	$12.5M 246.7K shares
Toroso Investments, LLC ETF Provider	$2.1M 40.7K shares
MERIDIAN MANAGEMENT CO RIA/Wealth	$1.5M 30.5K shares
Ramiah Investment Group RIA/Wealth	$727.6K 14.4K shares
X XTX Topco Ltd Institution	$513.7K 10.2K shares
P Phoenix Holdings Ltd. Institution	$362.4K 11.1K shares
WULFF, HANSEN & CO. RIA/Wealth	$305.9K 6.1K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	$295.5K 5.8K shares
A Arrowpoint Investment Partners Pte. Ltd. Institution	$252.8K 5.0K shares
QRG CAPITAL MANAGEMENT, INC. Long Only Manager	$251.1K 5.0K shares

Exited Positions

Institution	Previous Position
Trium Capital LLP Hedge Fund•Multi-Strategy	$71.7M 1.6M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$51.6M 1.1M shares
Checchi Capital Advisers, LLC RIA/Wealth	$6.9M 148.7K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$5.1M 109.6K shares
B BlueStem Wealth Partners, LLC RIA/Wealth	$3.1M 67.6K shares
Q Quantitative Investment Management, LLC Hedge Fund•Quant Macro	$1.9M 42.0K shares
LEUCADIA NATIONAL CORP Institution	$1.5M 32.5K shares
O Onyx Bridge Wealth Group LLC RIA/Wealth	$1.2M 26.1K shares
B Brueske Advisory Services, LLC Institution	$1.0M 22.0K shares
Sunbelt Securities, Inc. RIA/Wealth	$565.6K 14.0K shares

Options Activity

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

Call Positions: 13
Call Value: $251.1M
Put Positions: 21
Put Value: $1.9B

Call Positions

Institution	Position Value
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$75.9M 15.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$44.4M 8.8K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$41.5M 8.2K contracts
C CIBC World Markets Inc. Institution	$32.9M 6.5K contracts
Walleye Trading LLC RIA/Wealth	$27.8M 5.5K contracts
J JANE STREET GROUP, LLC Institution	$15.4M 3.0K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$8.4M 1.7K contracts
C Cubist Systematic Strategies, LLC Institution	$1.9M 367.0 contracts
Jain Global LLC Hedge Fund•Multi-Strategy	$1.8M 350.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.2M 238.0 contracts

Put Positions

Institution	Position Value
C CIBC World Markets Inc. Institution	$490.3M 97.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$433.3M 85.7K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$219.4M 43.4K contracts
R ROYAL BANK OF CANADA Institution	$176.9M 35.0K contracts
Walleye Trading LLC RIA/Wealth	$175.6M 34.7K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$136.1M 26.9K contracts
Caption Management, LLC Hedge Fund•Long/Short	$70.8M 14.0K contracts
J JANE STREET GROUP, LLC Institution	$56.6M 11.2K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$54.3M 10.8K contracts
BARCLAYS PLC Institution	$30.3M 6.0K contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
V VPR Management LLC Institution	-	8.16% $17.8M	351.8K shares	Q3 2020 Held for 5y 2m	$218.0M
Moneda S.A. Administradora General de Fondos Institution	Jasleen Kaur Bains CCO	2.64% $2.4M	47.1K shares	Q4 2019 Held for 5y 11m	$90.6M
N New Vernon Capital Holdings II LLC Hedge Fund•Multi-Strategy	Arshad Rafiq Zakaria CEO	2.58% $5.6M	110.8K shares	Q2 2022 Held for 3y 5m	$217.3M
Stairway Partners, LLC Long Only Manager	Kevin Terhaar Member	2.28% $42.9M	848.4K shares	Q3 2024 Held for 1y 2m	$1.9B
C CADINHA & CO LLC RIA/Wealth	Kaleialoha Kathleen Cadinha-Pua'A CEO	1.94% $14.3M	282.3K shares	Q3 2025 Held for 2 months	$735.8M
O Obsido Oy Institution	-	1.64% $2.5M	48.6K shares	Q4 2024 Held for 11 months	$150.2M
A Ameraudi Asset Management, Inc. RIA/Wealth	George Joseph Audi President	1.30% $2.1M	42.2K shares	Q4 2019 Held for 5y 11m	$164.3M
MGO Private Wealth, LLC RIA/Wealth	Roberto Roman CEO	1.12% $1.9M	37.0K shares	Q3 2022 Held for 3y 2m	$166.8M
Wakefield Asset Management LLLP RIA/Wealth	Geoffrey Todd Gervasini CIO	1.10% $4.0M	79.6K shares	Q3 2018 Held for 7y 2m	$366.4M
CUMBERLAND ADVISORS INC Long Only Manager	Mark James Myers CEO	1.04% $2.7M	53.6K shares	Q4 2020 Held for 4y 11m	$260.5M

Hedge Fund Spotlight

Discover hedge funds investing in EWC

Cardinal Point Capital Management, ULC

Hedge Fund • Value

Portfolio ManagerMichelle Lynn Yarwood

Portfolio Value: $1.4B
Positions: 267
Last Reported: Q3 2025

Sector Allocation

Position in iShares MSCI Canada

Market Value: $719.9K
Shares Held: 14.2K
Portfolio Weight: 0.05%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 Vanguard Total Stock Market VTI	ETF ETF	$186.2M	12.94%
2 WisdomTree Floating Rate Treasury Fund USFR	ETF ETF	$71.8M	4.99%
3 Apple AAPL	Consumer Electronics Technology	$70.6M	4.91%