iShares China Large-Cap ETF

FXI • ARCA

iShares China Large-Cap ETF is an exchange-traded fund on ARCA. As of Q3 2025, 373 institutional investors hold shares in this ETF, with total holdings valued at $7.7B. MORGAN STANLEY is the largest holder with a position valued at $1.3B.

Overview

Overview of institutional ownership in FXI as of Q3 2025

All Institutions

Institutions: 373
Value Held: $7.7B
Shares Held: 187.5M
Avg Position: $20.7M
Median Position: $813.3K

Hedge Funds

Hedge Funds: 38
Value Held: $468.2M
Shares Held: 11.5M
Avg Position: $12.3M
Median Position: $4.4M

Biggest Investors

Institutions with the largest positions in FXI as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$1.3B 0.08% of portfolio	30.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
UBS Group AG Institution	Sergio P. Ermotti CEO	$957.1M 0.19% of portfolio	23.3M shares	Q4 2014 Held for 10y 11m	$511.54B
R Rafferty Asset Management, LLC Institution	Douglas Michael Yones CEO	$548.0M 1.78% of portfolio	13.3M shares	Q4 2013 Held for 11y 11m	$30.8B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$515.7M 0.04% of portfolio	12.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
BANK OF MONTREAL /CAN/ Institution	Darryl White CEO	$353.6M 0.16% of portfolio	8.6M shares	≤ Q2 2013 Held for 12y 5m+	$227.19B
J JANE STREET GROUP, LLC Institution	-	$342.7M 0.41% of portfolio	8.3M shares	Q1 2014 Held for 11y 8m	$84.1B
C CI INVESTMENTS INC. Institution	-	$279.6M 1.04% of portfolio	6.8M shares	Q1 2024 Held for 1y 8m	$26.9B
S Spear Holdings RSC Ltd Institution	-	$265.8M 14.95% of portfolio	6.5M shares	Q2 2025 Held for 5 months	$1.8B
B BlackRock, Inc. Institution	-	$253.1M 0.00% of portfolio	6.2M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
CITIGROUP INC Institution	Jane Fraser CEO	$202.8M 0.14% of portfolio	4.9M shares	≤ Q2 2013 Held for 12y 5m+	$144.32B

Net Capital Flow

Institutional buying and selling activity for FXI in Q3 2025

Traded: −$697.2M
Buyers: 186
Sellers: 139
Total Bought: +$1.5B
Total Sold: −$2.2B
Avg Position: $18.6M

Biggest Buyers

Institution	Net Bought	Current Position
J JANE STREET GROUP, LLC Institution	+$342.4M +8.3M shares	$342.7M 8.3M shares
O OLD MISSION CAPITAL LLC Institution	+$137.0M +3.3M shares	$137.0M 3.3M shares
JPMORGAN CHASE & CO Institution	+$128.8M +3.1M shares	$175.5M 4.3M shares
MORGAN STANLEY RIA/Wealth	+$121.3M +2.9M shares	$1.3B 30.5M shares
MKP Capital Management, L.L.C. Hedge Fund•Global Macro	+$120.3M +2.9M shares	$120.3M 2.9M shares
B BlackRock, Inc. Institution	+$76.2M +1.9M shares	$253.1M 6.2M shares
C Clal Insurance Enterprises Holdings Ltd Institution	+$59.7M +1.5M shares	$182.3M 4.4M shares
S Spear Holdings RSC Ltd Institution	+$54.3M +1.3M shares	$265.8M 6.5M shares
D DRW Securities, LLC Institution	+$34.5M +837.3K shares	$34.5M 837.3K shares
G GTS SECURITIES LLC Institution	+$30.3M +737.1K shares	$30.7M 746.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
GOLDMAN SACHS GROUP INC Institution	−$760.7M −18.5M shares	$91.3M 2.2M shares
BARCLAYS PLC Institution	−$165.4M −4.0M shares	$31.9M 775.4K shares
BANK OF NOVA SCOTIA / Institution	−$146.1M −3.6M shares	$12.9M 313.7K shares
C CI INVESTMENTS INC. Institution	−$127.2M −3.1M shares	$279.6M 6.8M shares
Q Qube Research & Technologies Ltd Institution	−$102.3M −2.5M shares	$131.1M 3.2M shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$96.4M −2.3M shares	$139.5M 3.4M shares
N NATIXIS Institution	−$81.3M −2.0M shares	$123.4M 3.0M shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$72.4M −1.8M shares	$27.8M 675.1K shares
D D. E. Shaw & Co., Inc. Institution	−$60.6M −1.6M shares	Sold Off 0 shares
UBS Group AG Institution	−$49.7M −1.2M shares	$957.1M 23.3M shares

Entry and Exit Activity

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

New Positions: 26
New Value: $37.2M
Exited Positions: 42
Exited Value: $181.6M

New Positions

Institution	Position Value
G GROUP ONE TRADING, L.P. Institution	$15.6M 378.4K shares
BFSG, LLC RIA/Wealth	$4.8M 117.1K shares
London & Capital Asset Management Ltd Digital Asset Manager	$3.9M 94.9K shares
GenTrust, LLC RIA/Wealth	$3.3M 80.0K shares
IronBridge Private Wealth, LLC RIA/Wealth	$3.2M 77.2K shares
C Colony Group, LLC Institution	$1.2M 28.2K shares
K Kraft, Davis & Associates, LLC Institution	$1.1M 27.4K shares
VANGUARD GROUP INC Institution	$1.0M 24.4K shares
N NewEdge Wealth, LLC Institution	$741.4K 18.6K shares
Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors RIA/Wealth	$575.9K 14.0K shares

Exited Positions

Institution	Previous Position
D D. E. Shaw & Co., Inc. Institution	$60.6M 1.6M shares
Ally Financial Inc. Institution	$29.6M 806.0K shares
S SOROS CAPITAL MANAGEMENT LLC Institution	$15.0M 407.7K shares
O Optiver Holding B.V. Institution	$13.0M 354.4K shares
J Jump Financial, LLC Institution	$12.9M 350.7K shares
Calamos Advisors LLC Long Only Manager	$12.1M 330.0K shares
Trium Capital LLP Hedge Fund•Multi-Strategy	$8.5M 231.0K shares
P PEAK6 LLC Institution	$6.2M 168.7K shares
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	$4.4M 119.3K shares
Alphadyne Asset Management, LLC Hedge Fund•Global Macro	$4.2M 113.1K shares

Options Activity

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

Call Positions: 54
Call Value: $8.0B
Put Positions: 48
Put Value: $6.2B

Call Positions

Institution	Position Value
BARCLAYS PLC Institution	$997.6M 242.5K contracts
GOLDMAN SACHS GROUP INC Institution	$695.9M 169.2K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$586.7M 142.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$544.3M 132.3K contracts
J JANE STREET GROUP, LLC Institution	$524.7M 127.5K contracts
BANK OF MONTREAL /CAN/ Institution	$440.3M 107.0K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$396.1M 96.3K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$383.9M 93.3K contracts
B BlackRock, Inc. Institution	$373.5M 90.8K contracts
BANK OF AMERICA CORP /DE/ Institution	$343.8M 83.6K contracts

Put Positions

Institution	Position Value
GOLDMAN SACHS GROUP INC Institution	$1.1B 258.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$649.4M 157.8K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$385.5M 93.7K contracts
BARCLAYS PLC Institution	$375.9M 91.4K contracts
Jain Global LLC Hedge Fund•Multi-Strategy	$361.8M 88.0K contracts
BANK OF AMERICA CORP /DE/ Institution	$334.8M 81.4K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$334.8M 81.4K contracts
A ADAPT Investment Managers SA Institution	$329.1M 80.0K contracts
UBS Group AG Institution	$321.8M 78.2K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$279.1M 67.9K contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
S Spear Holdings RSC Ltd Institution	-	14.95% $265.8M	6.5M shares	Q2 2025 Held for 5 months	$1.8B
G Glaxis Capital Management, LLC Hedge Fund•Global Macro	Matthew Marc Miller Managing Partner	12.60% $7.3M	176.3K shares	Q4 2024 Held for 11 months	$57.5M
Nipun Capital, L.P. Hedge Fund•Sector	Pooja Malik Partner	10.81% $17.1M	538.5K shares	Q4 2023 Held for 1y 11m	$158.3M
D DELPHI FINANCIAL GROUP INC/DE Institution	-	8.41% $14.7M	356.6K shares	Q4 2024 Held for 11 months	$174.4M
B BLKBRD Asset Management, LP Hedge Fund•Quant	Daniel Dominic Izzo Founder	7.52% $27.0M	655.9K shares	Q1 2025 Held for 8 months	$358.8M
O OLD MISSION CAPITAL LLC Institution	-	5.76% $137.0M	3.3M shares	Q3 2022 Held for 3y 2m	$2.4B
Mivtachim The Workers Social Insurance Fund Ltd. Private Equity	Edward Joseph Keefe CFO	5.62% $38.5M	937.0K shares	Q3 2024 Held for 1y 2m	$685.6M
X XY Capital Ltd Institution	-	5.27% $6.0M	144.9K shares	Q3 2025 Held for 2 months	$113.1M
MKP Capital Management, L.L.C. Hedge Fund•Global Macro	Richard Charles Lightburn CEO	4.82% $120.3M	2.9M shares	Q3 2025 Held for 2 months	$2.5B
Savior LLC RIA/Wealth	Todd Michael Ingwersen Managing Partner	4.69% $1.1M	25.6K shares	Q2 2024 Held for 1y 5m	$22.5M

Hedge Fund Spotlight

Discover hedge funds investing in FXI

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 China Large-Cap ETF

Market Value: $824.3K
Shares Held: 20.0K
Portfolio Weight: 0.38%
Owned Since: 2021-Q4

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%