iShares Core MSCI EAFE ETF

IEFA • BATS

iShares Core MSCI EAFE ETF is an exchange-traded fund on BATS. As of Q3 2025, 2,077 institutional investors hold shares in this ETF, with total holdings valued at $129.54B. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $19.6B.

Overview

Overview of institutional ownership in IEFA as of Q3 2025

All Institutions

Institutions: 2,077
Value Held: $129.54B
Shares Held: 1.49B
Avg Position: $62.4M
Median Position: $1.8M

Hedge Funds

Hedge Funds: 27
Value Held: $439.3M
Shares Held: 5.0M
Avg Position: $16.3M
Median Position: $1.0M

Biggest Investors

Institutions with the largest positions in IEFA 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	$19.6B 1.47% of portfolio	224.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$8.7B 0.53% of portfolio	100.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
J JONES FINANCIAL COMPANIES LLLP Institution	-	$8.4B 5.70% of portfolio	96.5M shares	Q2 2018 Held for 7y 5m	$146.70B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$6.7B 1.36% of portfolio	76.2M shares	≤ Q2 2013 Held for 12y 5m+	$488.61B
T TIAA TRUST, NATIONAL ASSOCIATION Institution	-	$4.1B 10.05% of portfolio	47.6M shares	Q3 2023 Held for 2y 2m	$41.2B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$3.4B 1.00% of portfolio	39.1M shares	≤ Q2 2013 Held for 12y 5m+	$341.99B
L LPL Financial LLC Institution	-	$3.4B 1.00% of portfolio	39.0M shares	≤ Q2 2013 Held for 12y 5m+	$340.07B
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$3.3B 1.05% of portfolio	37.5M shares	Q4 2024 Held for 11 months	$310.43B
$US BANCORP \DE\ logo$ US BANCORP \DE\ Institution	Gunjan Kedia CEO	$3.1B 3.67% of portfolio	35.5M shares	Q2 2014 Held for 11y 5m	$84.3B
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	-	$3.0B 1.98% of portfolio	34.0M shares	Q1 2015 Held for 10y 8m	$149.83B

Net Capital Flow

Institutional buying and selling activity for IEFA in Q3 2025

Net Flow: +$4.2B
Buyers: 938
Sellers: 774
Total Bought: +$6.5B
Total Sold: −$2.4B
Avg Position: $63.5M

Biggest Buyers

Institution	Net Bought	Current Position
BANK OF MONTREAL /CAN/ Institution	+$620.5M +7.1M shares	$1.2B 13.6M shares
J JONES FINANCIAL COMPANIES LLLP Institution	+$591.8M +6.8M shares	$8.4B 96.5M shares
Cetera Investment Advisers RIA/Wealth	+$570.3M +6.5M shares	$916.5M 10.5M shares
BANK OF AMERICA CORP /DE/ Institution	+$422.4M +4.8M shares	$19.6B 224.9M shares
WELLS FARGO & COMPANY/MN Institution	+$378.0M +4.3M shares	$6.7B 76.2M shares
GOLDMAN SACHS GROUP INC Institution	+$190.9M +2.2M shares	$2.0B 23.4M shares
Steward Partners Investment Advisory, LLC RIA/Wealth	+$175.8M +2.0M shares	$247.9M 2.8M shares
FMR LLC Institution	+$155.5M +1.8M shares	$2.2B 24.8M shares
Lido Advisors, LLC RIA/Wealth	+$136.3M +1.6M shares	$156.2M 1.8M shares
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	+$127.1M +1.5M shares	$368.5M 4.2M shares

Biggest Sellers

Institution	Net Sold	Current Position
N NATIONAL BANK OF CANADA /FI/ Institution	−$721.2M −8.3M shares	$16.8M 192.5K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$174.8M −2.1M shares	Sold Off 0 shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	−$120.8M −1.4M shares	$3.3B 37.5M shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$100.0M −1.1M shares	$3.4B 39.1M shares
NORTHERN TRUST CORP Institution	−$84.7M −970.1K shares	$241.2M 2.8M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$68.1M −780.0K shares	$136.1M 1.6M shares
Strategic Investment Advisors / MI RIA/Wealth	−$50.8M −582.2K shares	$17.1K 196.0 shares
PFG Financial Advisors RIA/Wealth	−$48.3M −552.8K shares	$61.8M 707.6K shares
Parallel Advisors, LLC RIA/Wealth	−$35.5M −406.7K shares	$57.0M 652.6K shares
M&T BANK CORP Institution	−$33.7M −386.3K shares	$1.2B 13.8M shares

Entry and Exit Activity

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

New Positions: 64
New Value: $478.0M
Exited Positions: 76
Exited Value: $250.6M

New Positions

Institution	Position Value
V VANTAGEPOINT INVESTMENT ADVISERS LLC Institution	$365.3M 4.2M shares
H HILLMAN CO Institution	$20.5M 234.5K shares
FIRST CITIZENS INVESTOR SERVICES, INC. RIA/Wealth	$20.2M 231.4K shares
INSPIRE TRUST CO, N.A. Private Equity	$17.5M 200.0K shares
Berman McAleer LLC RIA/Wealth	$15.2M 173.9K shares
S Sheridan Capital Management, LLC RIA/Wealth	$7.9M 89.9K shares
N NEOS Investment Management LLC Institution	$7.8M 89.6K shares
Sequent Planning LLC RIA/Wealth	$3.5M 39.7K shares
INKWELL CAPITAL LLC RIA/Wealth	$2.2M 25.0K shares
Siligmueller & Norvid Wealth Advisors LLC RIA/Wealth	$2.2M 22.3K shares

Exited Positions

Institution	Previous Position
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$174.8M 2.1M shares
Financial Advocates Investment Management RIA/Wealth	$25.0M 299.4K shares
David R. Rahn & Associates Inc. RIA/Wealth	$6.3M 76.0K shares
SoundView Advisors Inc. RIA/Wealth	$5.5M 65.8K shares
Eldridge Investment Advisors, Inc. RIA/Wealth	$4.9M 59.1K shares
MEEDER ASSET MANAGEMENT INC Long Only Manager	$4.8M 58.0K shares
Tradewinds, LLC. RIA/Wealth	$4.1M 49.7K shares
Net Worth Advisory Group RIA/Wealth	$2.0M 24.1K shares
V Vontobel Holding Ltd. Institution	$1.9M 22.3K shares
Divergent Planning, LLC RIA/Wealth	$1.8M 21.8K shares

Options Activity

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

Call Positions: 5
Call Value: $9.2M
Put Positions: 5
Put Value: $2.2M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$5.8M 665.0 contracts
J JANE STREET GROUP, LLC Institution	$1.5M 170.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.3M 145.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$681.0K 78.0 contracts
C Cubist Systematic Strategies, LLC Institution	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.1M 130.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$375.4K 43.0 contracts
C Cubist Systematic Strategies, LLC Institution	$296.9K 34.0 contracts
W WOLVERINE TRADING, LLC Institution	$208.6K 24.0 contracts
Smith & Howard Wealth Management, LLC RIA/Wealth	$183.4K 22.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
C Chan Zuckerberg Initiative, LLC Institution	-	43.35% $40.6M	464.9K shares	Q3 2025 Held for 2 months	$93.6M
Passaic Partners LLC Hedge Fund•Multi-Strategy	Carl Joshua Silva CIO	21.93% $182.2M	2.1M shares	Q4 2021 Held for 3y 11m	$830.6M
Roth Financial Partners LLC RIA/Wealth	Peter Bruce Roth Founder	21.84% $64.8M	742.4K shares	Q4 2020 Held for 4y 11m	$296.7M
S Shelter Ins Retirement Plan Institution	-	21.64% $19.6M	224.3K shares	Q2 2021 Held for 4y 5m	$90.5M
Cabot-Wellington, LLC RIA/Wealth	Edmund Wellington Iii President	21.18% $65.5M	750.0K shares	Q3 2016 Held for 9y 2m	$309.1M
R Riverview Trust Co Institution	-	21.08% $13.6M	155.2K shares	Q4 2018 Held for 6y 11m	$64.3M
CKW FINANCIAL GROUP RIA/Wealth	Lynne Renee Kinney CIO	20.77% $189.3M	2.2M shares	Q4 2013 Held for 11y 11m	$911.5M
MARQUETTE ASSOCIATES, INC. Fund of Funds	Brian Mitchell Wrubel CEO	18.54% $15.4M	176.5K shares	Q4 2023 Held for 1y 11m	$83.1M
NorthLanding Financial Partners, LLC RIA/Wealth	Bryce P Carey CCO	18.45% $22.1M	253.2K shares	Q3 2022 Held for 3y 2m	$119.8M
Stash Investments, LLC RIA/Wealth	Brandon Alex Krieg CEO	18.03% $41.9M	480.1K shares	Q4 2023 Held for 1y 11m	$232.4M

Hedge Fund Spotlight

Discover hedge funds investing in IEFA

Liquid Strategies, LLC

Hedge Fund • Vol Arbitrage

Portfolio ManagerGeorge Bradley Ball

Portfolio Value: $485.6M
Positions: 7
Last Reported: Q3 2025

Sector Allocation

Position in iShares Core MSCI EAFE ETF

Market Value: $21.5M
Shares Held: 245.9K
Portfolio Weight: 4.42%
Owned Since: 2023-Q3

Top Holding	Sector	Market Value	Weight
1 Vanguard S&P 500 ETF VOO	ETF ETF	$326.6M	67.27%
2 Vanguard Short-Term Corporate Bond VCSH	ETF ETF	$51.9M	10.70%
3 iShares Core U.S. Aggregate Bond AGG	ETF ETF	$35.3M	7.28%