iShares Currency Hedged MSCI EAFE

HEFA • BATS

iShares Currency Hedged MSCI EAFE is an exchange-traded fund on BATS. As of Q3 2025, 414 institutional investors hold shares in this ETF, with total holdings valued at $5.7B. GOLDMAN SACHS GROUP INC is the largest holder with a position valued at $2.0B.

Overview

Overview of institutional ownership in HEFA as of Q3 2025

All Institutions

Institutions: 414
Value Held: $5.7B
Shares Held: 142.7M
Avg Position: $13.7M
Median Position: $646.7K

Hedge Funds

Hedge Funds: 6
Value Held: $8.5M
Shares Held: 215.6K
Avg Position: $1.4M
Median Position: $342.1K

Biggest Investors

Institutions with the largest positions in HEFA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$2.0B 0.28% of portfolio	49.3M shares	Q1 2015 Held for 10y 8m	$691.34B
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$227.7M 0.05% of portfolio	5.7M shares	Q2 2014 Held for 11y 5m	$433.11B
COLDSTREAM CAPITAL MANAGEMENT INC RIA/Wealth	Kevin Michael Fitzwilson President	$218.2M 2.94% of portfolio	5.5M shares	Q4 2022 Held for 2y 11m	$7.4B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$207.3M 0.06% of portfolio	5.2M shares	Q2 2015 Held for 10y 5m	$341.99B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$200.7M 0.01% of portfolio	5.1M shares	Q2 2015 Held for 10y 5m	$1.56T
Dynasty Wealth Management, LLC Fund of Funds	Shirl Thomas Penney CEO	$166.2M 2.22% of portfolio	4.2M shares	Q1 2024 Held for 1y 8m	$7.5B
Quotient Wealth Partners, LLC RIA/Wealth	Timothy Russell Harder CIO	$160.2M 4.39% of portfolio	4.0M shares	Q4 2023 Held for 1y 11m	$3.7B
UNITED CAPITAL FINANCIAL ADVISERS, LLC RIA/Wealth	James Francis Rivers President	$151.7M 1.10% of portfolio	3.8M shares	Q2 2015 Held for 10y 5m	$13.8B
L LPL Financial LLC Institution	-	$141.6M 0.04% of portfolio	3.6M shares	Q1 2015 Held for 10y 8m	$340.07B
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	-	$135.6M 0.09% of portfolio	3.4M shares	Q4 2015 Held for 9y 11m	$149.83B

Net Capital Flow

Institutional buying and selling activity for HEFA in Q3 2025

Traded: −$86.1M
Buyers: 189
Sellers: 223
Total Bought: +$353.3M
Total Sold: −$439.4M
Avg Position: $11.8M

Biggest Buyers

Institution	Net Bought	Current Position
NorthRock Partners, LLC RIA/Wealth	+$71.0M +1.8M shares	$71.1M 1.8M shares
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	+$60.8M +1.5M shares	$135.6M 3.4M shares
GOLDMAN SACHS GROUP INC Institution	+$49.5M +1.2M shares	$2.0B 49.3M shares
Dynasty Wealth Management, LLC Fund of Funds	+$22.1M +556.9K shares	$166.2M 4.2M shares
Cetera Investment Advisers RIA/Wealth	+$14.0M +353.7K shares	$55.4M 1.4M shares
Lido Advisors, LLC RIA/Wealth	+$13.7M +346.4K shares	$13.7M 346.4K shares
Jordan Park Group LLC Family Office	+$10.1M +255.2K shares	$41.4M 1.0M shares
Warren Averett Asset Management, LLC RIA/Wealth	+$8.4M +213.0K shares	$94.9M 2.4M shares
CX Institutional RIA/Wealth	+$7.7M +195.2K shares	$9.2M 233.3K shares
Quotient Wealth Partners, LLC RIA/Wealth	+$7.5M +189.8K shares	$160.2M 4.0M shares

Biggest Sellers

Institution	Net Sold	Current Position
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$73.5M −1.9M shares	$207.3M 5.2M shares
L LPL Financial LLC Institution	−$72.8M −1.8M shares	$141.6M 3.6M shares
JPMORGAN CHASE & CO Institution	−$47.9M −1.2M shares	$200.7M 5.1M shares
AMERIPRISE FINANCIAL INC Institution	−$34.6M −873.2K shares	$227.7M 5.7M shares
T TIAA TRUST, NATIONAL ASSOCIATION Institution	−$20.9M −527.0K shares	$16.2M 409.3K shares
ADAMSBROWN WEALTH CONSULTANTS LLC RIA/Wealth	−$14.3M −360.8K shares	$6.2M 157.6K shares
MML INVESTORS SERVICES, LLC RIA/Wealth	−$12.6M −318.1K shares	$45.9M 1.2M shares
CWM, LLC RIA/Wealth	−$11.2M −283.2K shares	$1.7M 43.2K shares
Kovack Advisors, Inc. RIA/Wealth	−$8.4M −222.0K shares	Sold Off 0 shares
Weaver Capital Management LLC RIA/Wealth	−$7.2M −182.6K shares	$8.8M 223.4K shares

Entry and Exit Activity

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

New Positions: 22
New Value: $15.1M
Exited Positions: 64
Exited Value: $51.8M

New Positions

Institution	Position Value
Crescent Grove Advisors, LLC RIA/Wealth	$6.3M 157.9K shares
ARQ WEALTH ADVISORS, LLC RIA/Wealth	$4.6M 115.2K shares
G GTS SECURITIES LLC Institution	$1.2M 30.4K shares
SAGESPRING WEALTH PARTNERS, LLC RIA/Wealth	$574.5K 14.5K shares
MONETA GROUP INVESTMENT ADVISORS LLC RIA/Wealth	$338.9K 8.6K shares
Redhawk Wealth Advisors, Inc. RIA/Wealth	$312.3K 7.9K shares
Mach-1 Financial Group, Inc. RIA/Wealth	$302.1K 7.6K shares
Integrity Advisory Solutions, LLC RIA/Wealth	$302.1K 7.6K shares
Fidelis Capital Partners, LLC RIA/Wealth	$235.2K 5.9K shares
V Vise Technologies, Inc. Institution	$233.9K 5.9K shares

Exited Positions

Institution	Previous Position
Kovack Advisors, Inc. RIA/Wealth	$8.4M 222.0K shares
S Scissortail Wealth Management, LLC RIA/Wealth	$4.5M 119.0K shares
KWB Wealth RIA/Wealth	$4.4M 122.5K shares
TITLEIST ASSET MANAGEMENT, LLC RIA/Wealth	$4.4M 116.6K shares
Capital Investment Advisory Services, LLC RIA/Wealth	$4.2M 109.9K shares
Kingstone Capital Partners Texas, LLC RIA/Wealth	$3.0M 78.0K shares
P Paradigm Financial Partners, LLC RIA/Wealth	$1.8M 46.5K shares
Q Quadrature Capital Ltd Institution	$1.7M 44.4K shares
A ATRIA INVESTMENTS LLC Institution	$1.6M 41.4K shares
FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC. RIA/Wealth	$1.5M 40.1K shares

Options Activity

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

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Paradigm, Strategies in Wealth Management, LLC RIA/Wealth	Kristina Marie Bentzen President	10.95% $17.1M	431.6K shares	Q1 2025 Held for 8 months	$156.1M
Lighthouse Wealth Management Inc. RIA/Wealth	Timothy James Rowsey CEO	10.66% $12.9M	324.5K shares	Q4 2024 Held for 11 months	$120.6M
ACT WEALTH MANAGEMENT, LLC RIA/Wealth	Kally Jo Alkire President	7.26% $20.7M	521.9K shares	Q4 2024 Held for 11 months	$284.9M
Blankinship & Foster, LLC RIA/Wealth	Stefan Prvanov CEO	7.14% $32.7M	824.4K shares	Q4 2018 Held for 6y 11m	$457.4M
Verde Capital Management RIA/Wealth	Carl Szasz President	6.31% $28.5M	719.0K shares	Q4 2020 Held for 4y 11m	$451.3M
C Cyr Financial Inc. RIA/Wealth	Christian John Cyr President	5.80% $8.4M	212.6K shares	Q4 2024 Held for 11 months	$145.3M
Schoolcraft Capital LLC Family Office	Oana Nm Bolton COO	5.33% $26.7M	673.2K shares	Q1 2019 Held for 6y 8m	$499.9M
PARTNERS CAPITAL INVESTMENT GROUP, LLP Fund of Funds	Arjun Raju Raghavan CEO	5.29% $132.1M	3.3M shares	Q4 2017 Held for 7y 11m	$2.5B
Prasad Wealth Partners, LLC RIA/Wealth	Anthony Grey Kulka CIO	5.04% $17.9M	452.7K shares	Q4 2024 Held for 11 months	$355.8M
Vista Private Wealth Partners. LLC RIA/Wealth	Darin Michael Snow Managing Partner	4.79% $15.3M	404.3K shares	Q4 2024 Held for 11 months	$320.7M

Hedge Fund Spotlight

Discover hedge funds investing in HEFA

ELEQUIN CAPITAL LP

Hedge Fund • Multi-Strategy

Portfolio ManagerPeter German Gutierrez

Portfolio Value: $864.9M
Positions: 104
Last Reported: Q3 2025

Sector Allocation

Position in iShares Currency Hedged MSCI EAFE

Market Value: $118.5K
Shares Held: 3.0K
Portfolio Weight: 0.01%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 Tesla, Inc. TSLA	Auto - Manufacturers Consumer Cyclical	$204.2M	23.62%
2 Microsoft MSFT	Software - Infrastructure Technology	$77.7M	8.98%
3 Taiwan Semiconductor Manufacturing Company TSM	Semiconductors Technology	$56.6M	6.54%