EWG · iShares MSCI Germany ETF · Holdings ETF

$40.94 -0.41 (-0.99%) At close · Oct 23

Volume · Oct 23 743.47K Avg daily vol (3M) 956.49K

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Quarter:

Holders: 44

Total Value: $20,098,829

Total Shares: 486,537

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 44 13F filers · Δ vs Jun 30, 2026

Top Holder

11.1%

−6.8 pts

Top 5

43.3%

−14.9 pts

Top 10

66.2%

−4.3 pts

HHI

563

Broadly held−319

Who Holds EWG

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 186 filers, like-for-like change +45.9%; actively managed books -6.7%; index-like books +182.6%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	18.1%	112	+25.4%	12	17
Exempt adviser	0.0%	1	0.0%	0	0
Adviser	1.0%	4	-13.3%	0	0
Bank	17.7%	13	-1.8%	0	2
Insurer	0.1%	1	+3.1%	0	0
Broker-dealer	1.4%	1	-61.0%	0	2
Non-US	0.3%	2	+3.2%	0	0
Holding company	55.7%	8	+158.1%	0	1
Benefit plan	0.0%	0	—	0	0
Unknown	5.8%	44	-38.5%	6	17

Style	Share	Filers	Change	New	Exited
Index-like	53.8%	5	+182.6%	0	0
Systematic-like	0.5%	4	-12.8%	1	3
Concentrated	6.9%	59	-4.5%	6	12
Diversified active	38.8%	118	-7.0%	11	24
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	87.2%	141	+68.4%	12	13
Medium turnover	9.2%	26	+7.7%	3	14
High turnover	3.2%	8	-58.2%	2	11
Unknown	0.4%	11	-29.0%	1	1
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	0.3%	8	-95.4%	1	4
Medium horizon	24.7%	28	+137.3%	6	7
Long horizon	73.1%	141	+43.0%	10	22
Unknown	1.9%	9	+17.6%	1	6
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	6.6%	63	-12.9%	8	12
$1B to $10B	8.2%	45	-12.1%	5	14
$10B to $100B	6.6%	45	-25.2%	3	10
$100B or more	78.6%	33	+83.7%	2	3
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	16.0%	97	+38.6%	10	12
Pooled investment vehicles	0.2%	1	-56.0%	0	2
Registered funds and BDCs	0.0%	2	-92.3%	1	2
Pension and profit sharing plans	0.1%	2	-88.3%	0	1
Insurance companies	1.2%	1	0.0%	0	0
Governments and sovereign funds	0.0%	2	+390.4%	1	0
Corporations	0.1%	2	0.0%	0	0
Other	0.1%	1	0.0%	0	0
Diversified	0.4%	4	-31.1%	0	0
Charitable organizations	0.0%	0	—	0	0
Other investment advisers	0.0%	0	—	0	0
Unknown	81.9%	74	+51.4%	6	22

Private funds	Share	Filers	Change	New	Exited
Hedge funds	3.1%	9	+5.7%	1	2
Private equity funds	0.8%	5	+43.2%	1	1
Real estate funds	0.1%	4	+19.6%	0	0
Other private funds	1.1%	8	-9.2%	0	0
Mixed private funds	0.1%	2	-76.1%	0	1
Private funds, type not stated	0.0%	1	-32.8%	0	1
No private funds	12.9%	84	+38.6%	10	12
Securitized asset funds	0.0%	0	—	0	0
Unknown	81.9%	73	+51.4%	6	22

Location	Share	Filers	Change	New	Exited
United States	91.5%	160	+51.2%	16	34
Outside the US	8.5%	26	+6.0%	2	5

The Sep 30, 2026 filing window is still open, so its bar shows only the filers that have filed so far.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 2 holders with no observed 2026-03-31 13F and 4 holders with no observed 2026-06-30 13F. Compared across CIK changes: 4 filers continue as Evelyn Partners Group Ltd.

Conviction and Crowding

186 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

12.9% of filers hold it in their top 10

Mar 31, 2026: 29

Holders above 5%

median weight 0.004%

Mar 31, 2026: 0

Crowding

—

shares outstanding is an issuer-wide count, not one listing's

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

shares outstanding is an issuer-wide count, not one listing's

Top 10 holders

76.0%

of 13F shares, Herfindahl 0.110

Active holders

-6.6%

like-for-like share change of active filers

5% stakes on record

0 13D, 1 13G (1 institutional, 0 passive, 0 exempt)

How long holders have held it value-weighted 17.2 quarters

Under 1 year 5.03% 1 to 3 years 31.0% 3 years or more 64.0% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$40.50

estimated per share

Mar 31, 2026: $39.50

Quarter-end price

$41.30

implied by 13F values

Estimated gain or loss

+2.0%

price against the estimated cost

Estimated at a loss

70.7%

of costed 13F value

Estimated cost covers 32.2% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Fund Ownership of EWG by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 0 shares.

Fund type	Shares	Funds
Index funds	0	0
Index ETFs	0	0
Active ETFs	20,957	1
Active funds	0	0
Unclassified	172,171	1
All registered funds	193,128	2

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Quarterly Activity

vs Jun 30, 2026

New

Increased

Decreased

Sold Out

Unchanged

New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.

Holder count: -153

Institutional value: -98.0%

Shares held: -98.0%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Small Boltwood Capital Management	+1,600	12,250
Small Cobblestone Asset Management LLC	+1,180	16,605
Large Farther Finance Advisors, LLC	+791	7,353
Small FIDUCIARY FINANCIAL GROUP, LLC	+295	53,927
Mid JGP Wealth Management, LLC	+247	9,205

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Large Vontobel Holding Ltd.	−46,124	35,666
Small Dynamic Wealth Strategies, LLC	−15,996	13,456
Mid SBI Securities Co., Ltd.	−1,889	30,340
Large TD Waterhouse Canada Inc.	−1,113	2,256
Mid IFP Advisors, Inc	−754	6,327

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)
Small Vertex Investment Solutions Co., Ltd.	41,700	$1,722,627
Small Whalen Wealth Management Inc.	26,687	$1,102,439
Mid SteelPeak Wealth, LLC	4,926	$203,493
Small Moisand Fitzgerald Tamayo, LLC	281	$11,608
Mid Blue Trust, Inc.	17	$702

Top Sold-Out Positions

vs Jun 30, 2026

Institution	Previously Held	Last Value (USD)
Mid Dynamic Advisor Solutions LLC	5,157	$213,345
Mid SALEM INVESTMENT COUNSELORS INC	1,000	$41,370
Small Robinswood Financial LLC	160	$6,619

Filter: New 5 Increased 5 Reduced 10 Sold out 3 Unchanged 23

Holder type: Registered adviser 32 Non-US 1 Unknown 11

Showing 44 of 44

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

FIDUCIARY FINANCIAL GROUP, LLC EWG

$2,227,724

11.08%

53,927

BigSur Wealth Management LLC EWG

$2,024,190

10.07%

49,000

Vertex Investment Solutions Co., Ltd. EWG

$1,722,627

8.57%

41,700

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Daiichi Life Group, Inc.	41,700	$1,722,627	100.0%	Defined

Vontobel Holding Ltd. EWG

$1,473,362

7.33%

35,666

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Vontobel Swiss Financial Advisers AG	35,666	$1,473,362	100.0%	Defined

SBI Securities Co., Ltd. EWG

$1,253,345

6.24%

30,340

Whalen Wealth Management Inc. EWG

$1,102,439

5.49%

26,687

Barry Investment Advisors, LLC EWG

$1,038,368

5.17%

25,136

Robertson Stephens Wealth Management, LLC EWG

$988,217

4.92%

23,922

JAMES INVESTMENT RESEARCH, INC. EWG

$760,806

3.79%

18,417

Pathway Financial Advisors LLC EWG

$722,925

3.60%

17,500

Cobblestone Asset Management LLC EWG

$685,952

3.41%

16,605

F&V Capital Management, LLC EWG

$645,675

3.21%

15,630

Dynamic Wealth Strategies, LLC EWG

$555,867

2.77%

13,456

Boltwood Capital Management EWG

$506,047

2.52%

12,250

JGP Wealth Management, LLC EWG

$380,258

1.89%

9,205

CX Institutional EWG

$377,779

1.88%

9,145

Pictet North America Advisors SA EWG

$346,177

1.72%

8,380

Farther Finance Advisors, LLC EWG

$303,752

1.51%

7,353

Nautilus Advisors LLC EWG

$302,389

1.50%

7,320

USA FINANCIAL FORMULAS EWG

$265,664

1.32%

6,431

IFP Advisors, Inc EWG

$261,368

1.30%

6,327

Concurrent Investment Advisors, LLC EWG

$253,602

1.26%

6,139

Investment Partners Asset Management, Inc. EWG

$248,644

1.24%

6,019

MERIDIAN INVESTMENT COUNSEL INC. EWG

$227,783

1.13%

5,514

Cambridge Advisors Inc. EWG

$227,205

1.13%

5,500

Capital Wealth Alliance, LLC EWG

$221,669

1.10%

5,366

MAGNOLIA CAPITAL MANAGEMENT LTD EWG

$208,822

1.04%

5,055

SteelPeak Wealth, LLC EWG

$203,493

1.01%

4,926

NISA INVESTMENT ADVISORS, LLC EWG

$165,240

0.82%

4,000

Versant Capital Management, Inc EWG

$107,984

0.54%

2,614

West Branch Capital LLC EWG

$102,614

0.51%

2,484

TD Waterhouse Canada Inc. EWG

$93,195

0.46%

2,256

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
TORONTO DOMINION BANK	2,256	$93,195	100.0%	Defined

Pacifica Partners Inc. EWG

$20,655

0.10%

500

BEACON INVESTMENT ADVISORY SERVICES, INC. EWG

$20,655

0.10%

500

Cape Investment Advisory, Inc. EWG

$12,806

0.06%

310

Moisand Fitzgerald Tamayo, LLC EWG

$11,608

0.06%

281

PENSION & WEALTH MANAGEMENT ADVISORS, INC. EWG

$11,236

0.06%

272

Farmers & Merchants Trust Co of Chambersburg PA EWG

$5,618

0.03%

136

Triumph Capital Management EWG

$4,213

0.02%

102

PRIVATE TRUST CO NA EWG

$3,346

0.02%

MATHER GROUP, LLC. EWG

$1,487

0.01%

Strengthening Families & Communities, LLC EWG

$1,280

0.01%

Blue Trust, Inc. EWG

$702

0.00%

ASSETMARK, INC EWG

$41

0.00%