iShares Core MSCI Emerging Markets

IEMG • ARCA

iShares Core MSCI Emerging Markets is an exchange-traded fund on ARCA. As of Q3 2025, 1,921 institutional investors hold shares in this ETF, with total holdings valued at $93.6B. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $11.3B.

Overview

Overview of institutional ownership in IEMG as of Q3 2025

All Institutions

Institutions: 1,921
Value Held: $93.6B
Shares Held: 1.42B
Avg Position: $48.7M
Median Position: $1.8M

Hedge Funds

Hedge Funds: 27
Value Held: $392.3M
Shares Held: 6.0M
Avg Position: $14.5M
Median Position: $2.7M

Biggest Investors

Institutions with the largest positions in IEMG 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	$11.3B 0.85% of portfolio	170.9M shares	≤ Q2 2013 Held for 12y 6m+	$1.33T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$6.5B 0.40% of portfolio	98.8M shares	≤ Q2 2013 Held for 12y 6m+	$1.65T
Creative Planning RIA/Wealth	Peter Alex Mallouk CEO	$5.0B 3.78% of portfolio	75.1M shares	≤ Q2 2013 Held for 12y 6m+	$130.86B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$4.6B 1.35% of portfolio	70.1M shares	≤ Q2 2013 Held for 12y 6m+	$342.01B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$3.8B 0.78% of portfolio	57.5M shares	≤ Q2 2013 Held for 12y 6m+	$488.52B
L LPL Financial LLC Institution	-	$3.1B 0.91% of portfolio	47.0M shares	≤ Q2 2013 Held for 12y 6m+	$340.07B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$3.1B 0.20% of portfolio	46.4M shares	Q1 2014 Held for 11y 9m	$1.56T
BlackRock, Inc. Institution	Laurence D. Fink CEO	$2.9B 0.05% of portfolio	43.7M shares	≤ Q2 2013 Held for 12y 6m+	$5.67T
Wealthfront Advisers LLC RIA/Wealth	Andrew Samuel Rachleff CEO	$2.5B 5.82% of portfolio	37.6M shares	Q4 2018 Held for 7 years	$42.6B
T TIAA TRUST, NATIONAL ASSOCIATION Institution	-	$2.1B 5.21% of portfolio	32.7M shares	Q3 2023 Held for 2y 3m	$41.2B

Net Capital Flow

Institutional buying and selling activity for IEMG in Q3 2025

Traded: +$5.0B
Buyers: 1,063
Sellers: 668
Total Bought: +$6.3B
Total Sold: −$1.4B
Avg Position: $47.3M

Biggest Buyers

Institution	Net Bought	Current Position
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	+$592.6M +9.0M shares	$4.6B 70.1M shares
WELLS FARGO & COMPANY/MN Institution	+$371.8M +5.6M shares	$3.8B 57.5M shares
L LPL Financial LLC Institution	+$270.9M +4.1M shares	$3.1B 47.0M shares
V VANTAGEPOINT INVESTMENT ADVISERS LLC Institution	+$255.9M +3.9M shares	$255.9M 3.9M shares
JPMORGAN CHASE & CO Institution	+$240.5M +3.6M shares	$3.1B 46.4M shares
R ROYAL BANK OF CANADA Institution	+$233.5M +3.5M shares	$746.7M 11.3M shares
Bank of New York Mellon Corp Institution	+$216.0M +3.3M shares	$810.1M 12.3M shares
Cetera Investment Advisers RIA/Wealth	+$197.9M +3.0M shares	$542.8M 8.2M shares
BlackRock, Inc. Institution	+$157.9M +2.4M shares	$2.9B 43.7M shares
MORGAN STANLEY RIA/Wealth	+$142.5M +2.2M shares	$6.5B 98.8M shares

Biggest Sellers

Institution	Net Sold	Current Position
Invesco Ltd. ETF Provider	−$297.8M −4.5M shares	$624.2M 9.5M shares
BANK OF AMERICA CORP /DE/ Institution	−$281.3M −4.3M shares	$11.3B 170.9M shares
BANK OF NOVA SCOTIA / Institution	−$63.9M −1.1M shares	Sold Off 0 shares
Wealthfront Advisers LLC RIA/Wealth	−$47.0M −712.3K shares	$2.5B 37.6M shares
M&T BANK CORP Institution	−$42.4M −643.5K shares	$606.0M 9.2M shares
STRATEGIC INVESTMENT MANAGEMENT, LLC Fund of Funds	−$35.1M −533.2K shares	$31.7M 481.0K shares
Vestmark Advisory Solutions, Inc. Fund of Funds	−$31.9M −484.6K shares	$47.5M 721.1K shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	−$30.6M −464.3K shares	$445.6M 6.8M shares
T TIAA TRUST, NATIONAL ASSOCIATION Institution	−$29.2M −443.7K shares	$2.1B 32.7M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$21.6M −327.0K shares	$5.4M 82.2K shares

Entry and Exit Activity

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

New Positions: 58
New Value: $442.1M
Exited Positions: 60
Exited Value: $123.8M

New Positions

Institution	Position Value
V VANTAGEPOINT INVESTMENT ADVISERS LLC Institution	$255.9M 3.9M shares
J Japan Science & Technology Agency Institution	$72.1M 1.1M shares
A ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP Institution	$30.3M 460.0K shares
INSPIRE TRUST CO, N.A. Private Equity	$15.5M 235.0K shares
Turim 21 Investimentos Ltda. RIA/Wealth	$12.8M 193.6K shares
FIRST CITIZENS INVESTOR SERVICES, INC. RIA/Wealth	$7.0M 105.7K shares
United Financial Planning Group LLC RIA/Wealth	$6.9M 104.4K shares
Siligmueller & Norvid Wealth Advisors LLC RIA/Wealth	$4.9M 74.1K shares
Catalytic Wealth RIA, LLC RIA/Wealth	$4.6M 70.2K shares
Sequent Planning LLC RIA/Wealth	$4.1M 61.7K shares

Exited Positions

Institution	Previous Position
BANK OF NOVA SCOTIA / Institution	$63.9M 1.1M shares
C Capitolis Liquid Global Markets LLC Private Equity	$16.2M 270.0K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$7.9M 131.4K shares
O Optiver Holding B.V. Institution	$5.2M 87.4K shares
SummitTX Capital, L.P. Hedge Fund•Multi-Strategy	$4.5M 74.1K shares
L Laurel Wealth Advisors LLC RIA/Wealth	$3.4M 56.4K shares
Metis Global Partners, LLC RIA/Wealth	$2.9M 48.6K shares
SUMMIT WEALTH GROUP LLC / CO RIA/Wealth	$1.8M 30.6K shares
M Holdings Securities, Inc. RIA/Wealth	$1.8M 30.4K shares
Tradewinds, LLC. RIA/Wealth	$1.7M 28.5K shares

Options Activity

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

Call Positions: 3
Call Value: $6.6M
Put Positions: 4
Put Value: $1.5M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.8M 722.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.3M 200.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$501.0K 76.0 contracts

Put Positions

Institution	Position Value
BFI Infinity Ltd. RIA/Wealth	$648.8K 98.4 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$474.6K 72.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$217.5K 33.0 contracts
Smith & Howard Wealth Management, LLC RIA/Wealth	$123.5K 19.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
U University of Pittsburgh - Of the Commonwealth System of Higher Education Institution	-	99.75% $125.3M	1.9M shares	Q4 2022 Held for 3 years	$125.6M
S Santa Clara Valley Transportation Authority Institution	-	35.05% $41.8M	634.1K shares	Q3 2024 Held for 1y 3m	$119.3M
Jordan Park Group LLC Family Office	Frank Sherif Ghali CEO	25.33% $444.0M	6.8M shares	Q4 2018 Held for 7 years	$1.8B
W WIT, LLC Institution	-	24.66% $1.1B	16.5M shares	Q1 2021 Held for 4y 9m	$4.4B
Myriad Asset Management US LP Hedge Fund•Global Macro	Carl Huttenlocher CIO	21.80% $39.1M	593.4K shares	Q2 2025 Held for 6 months	$179.4M
Hackensack Meridian Health, Inc. RIA/Wealth	Joseph Francis Strancar President	17.66% $144.0M	2.2M shares	Q2 2023 Held for 2y 6m	$815.5M
STRATEGIC INVESTMENT MANAGEMENT, LLC Fund of Funds	Nicole Wellmann Kraus CEO	17.15% $31.7M	481.0K shares	Q1 2015 Held for 10y 9m	$184.9M
I Inherent Management Corp. Institution	-	15.71% $27.4M	415.6K shares	Q4 2024 Held for 1 year	$174.4M
S Southern Farm Bureau Life Insurance Institution	-	14.10% $119.6M	1.8M shares	Q4 2020 Held for 5 years	$847.9M
Ironwood Wealth Management, LLC. RIA/Wealth	Cean Nicholas Kenefick-Rogers CEO	13.48% $40.2M	610.1K shares	Q2 2018 Held for 7y 6m	$298.4M

Hedge Fund Spotlight

Discover hedge funds investing in IEMG

AQR CAPITAL MANAGEMENT LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerJohn Mihn Soo Liew

Portfolio Value: $156.17B
Positions: 3,454
Last Reported: Q3 2025

Sector Allocation

Position in iShares Core MSCI Emerging Markets

Market Value: $13.8M
Shares Held: 209.3K
Portfolio Weight: 0.01%
Owned Since: 2024-Q3

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$4.1B	2.62%
2 Microsoft MSFT	Software - Infrastructure Technology	$3.2B	2.05%
3 Apple AAPL	Consumer Electronics Technology	$2.8B	1.76%