iShares Europe ETFIEVETF
13F holders, Q1 2025 (March 31)250holders +13
32new positions
23sold out
3famous investors
$58.05avg. 13F price*
At the end of Q1 2025, 250 institutions reported holding iShares Europe ETF (IEV) in their 13F filings, up 13 from Q4 2024. 32 opened new positions and 23 sold out. The largest holders were BlackRock, Inc. ($541.1M), Morgan Stanley ($116.3M) and JPMorgan Chase & Co. ($86.7M). 3 famous investors held it, including Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio), Ken Griffin (0.0% of Citadel Advisors's portfolio) and Ken Fisher (0.0% of Fisher Asset Management's portfolio).
- Company
- iShares Europe ETF
- CUSIP
- 464287861
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q4 2024 → Q1 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 32 | $40.2M |
| Exits | 23 | $13.6M |
All 13F filers, Q4 2024 → Q1 2025: 4,882,912 shares bought and 1,000,384 shares sold, net +3,882,528 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 250 holders
| BlackRock, Inc. | 0.01% | Add +9.3% | 9,298,097 | $541.1M |
| Morgan Stanley | 0.01% | Add +15.9% | 1,998,126 | $116.3M |
| JPMorgan Chase & Co. | 0.01% | Reduce -5.9% | 1,489,849 | $86.7M |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 0.08% | Add +188.3% | 1,103,326 | $64.2M |
| UBS Group AG | 0.01% | Add +26.7% | 847,231 | $49.3M |
| Bank of America Corp. | 0.00% | Add +304.1% | 717,394 | $41.8M |
| Barings LLC | 1.01% | Add +3871.3% | 682,193 | $39.7M |
| Royal Bank of Canada | 0.01% | Reduce -16.5% | 451,422 | $26.3M |
| LPL Financial LLC | 0.01% | Add +247.6% | 406,035 | $23.6M |
| Checchi Capital Advisers, LLC | 1.27% | Add +434.6% | 307,565 | $17.9M |
| Wells Fargo & Company | 0.00% | Add +14.0% | 242,391 | $14.1M |
| Willis Johnson & Associates, Inc. | 0.97% | Add +0.4% | 219,389 | $12.8M |
| Envestnet Asset Management Inc. | 0.00% | Reduce -24.1% | 173,102 | $10.1M |
| GTS Securities LLC | 0.42% | New | 165,176 | $9.6M |
| Jane Street Group, LLC | 0.02% | Reduce -64.2% | 161,856 | $9.4M |
| OneDigital Investment Advisors LLC | 0.11% | Add +7.3% | 152,571 | $8.9M |
| Integrated Wealth Concepts LLC | 0.10% | Reduce -16.1% | 145,126 | $8.4M |
| Karpus Management, Inc. | 0.26% | Reduce -10.0% | 139,266 | $8.1M |
| Triglav Investments, D.O.O. | 0.60% | New | 123,572 | $7.2M |
| One Wealth Advisors, LLC | 1.06% | Reduce -0.2% | 121,916 | $7.1M |
| Sanctuary Advisors, LLC | 0.05% | Reduce -4.0% | 116,898 | $6.8M |
| FPC Investment Advisory, Inc. | 4.35% | Reduce -11.0% | 103,102 | $6.3M |
| KM Capital Management Ltd. | 2.79% | Reduce -8.6% | 89,065 | $5.2M |
| CIBC Asset Management Inc | 0.02% | New | 84,807 | $4.9M |
| CoreCap Advisors, LLC | 0.20% | Add +228.8% | 79,871 | $4.6M |
| Barry Investment Advisors, LLC | 1.22% | Reduce -0.7% | 78,734 | $4.6M |
| Scotia Capital Inc. | 0.02% | Add +12.3% | 73,539 | $4.3M |
| NewEdge Advisors, LLC | 0.02% | Add +604.0% | 66,728 | $3.9M |
| Park Avenue Securities LLC | 0.05% | Add +38.2% | 63,379 | $3.7M |
| Aptus Capital Advisors, LLC | 0.04% | Reduce -5.8% | 57,229 | $3.3M |
| Family Firm, Inc. | 0.74% | Reduce -0.3% | 57,182 | $3.3M |
| Keebeck Wealth Management | 0.49% | Reduce -9.0% | 56,998 | $3.3M |
| Stelac Advisory Services LLC | 1.36% | No change | 56,998 | $3.3M |
| Providence First Trust Co | 1.26% | Reduce -3.2% | 53,290 | $3.1M |
| Cambridge Investment Research Advisors, Inc. | 0.01% | New | 52,879 | $3.1M |
| Deutsche Bank AG | 0.00% | No change | 51,462 | $3.0M |
| Obermeyer Wealth Partners | 0.16% | Reduce -9.1% | 50,000 | $2.9M |
| Zurich Insurance Group Ltd | 0.02% | Add +122.7% | 108,458 | $2.9M |
| New Wave Wealth Advisors LLC | 1.28% | Add +7.5% | 49,253 | $2.9M |
| One Capital Management, LLC | 0.09% | New | 47,803 | $2.8M |
| Commonwealth Equity Services, LLC | 0.00% | Add +300.7% | 46,514 | $2.7M |
| Institute for Wealth Management, LLC. | 0.33% | Reduce -1.3% | 44,379 | $2.6M |
| Ashton Thomas Private Wealth, LLC | 0.10% | Add +0.7% | 44,239 | $2.6M |
| Nvest Financial, LLC | 1.34% | Add +8.9% | 43,075 | $2.5M |
| Palisades Hudson Asset Management, L.P. | 1.10% | Reduce -1.3% | 41,696 | $2.4M |
| bLong Financial, LLC | 1.93% | New | 37,260 | $2.2M |
| Corient Private Wealth LP | 0.00% | No change | 36,979 | $2.2M |
| Northstar Advisory Group, LLC | 1.38% | New | 36,233 | $2.1M |
| SBI Securities Co., Ltd. | 0.07% | Add +723.5% | 35,960 | $2.1M |
| Renaissance Technologies | 0.00% | Add +14.3% | 34,300 | $2.0M |
| Cypress Wealth Services, LLC | 0.39% | Reduce -4.7% | 33,169 | $1.9M |
| ShoreHaven Wealth Partners, LLC | 0.89% | Reduce -3.4% | 31,884 | $1.9M |
| Wealth Alliance, LLC | 0.22% | Reduce -19.6% | 31,606 | $1.8M |
| Amundi | 0.00% | No change | 31,801 | $1.8M |
| Kickstand Ventures, Llc. | 0.46% | Reduce -12.4% | 31,007 | $1.8M |
| Osaic Holdings, Inc. | 0.00% | Add +189.5% | 30,938 | $1.8M |
| Robertson Stephens Wealth Management, LLC | 0.06% | Reduce -14.4% | 29,673 | $1.7M |
| Creative Planning | 0.00% | Reduce -0.2% | 28,923 | $1.7M |
| Citigroup Inc. | 0.00% | Add +245.7% | 28,172 | $1.6M |
| Twin Focus Capital Partners, LLC | 0.25% | No change | 28,112 | $1.6M |
| EFG Asset Management (Americas) Corp. | 0.33% | Add +26.1% | 28,107 | $1.6M |
| Cetera Investment Advisers | 0.00% | Reduce -0.3% | 27,714 | $1.6M |
| Meridian Wealth Management, LLC | 0.08% | Add +19.6% | 27,501 | $1.6M |
| Affinity Capital Advisors, LLC | 0.31% | Add +6.8% | 28,057 | $1.6M |
| Raymond James Financial Inc. | 0.00% | Add +27.4% | 26,239 | $1.5M |
| MML Investors Services, LLC | 0.01% | Add +275.0% | 26,022 | $1.5M |
| Ridgeline Wealth, LLC | 1.21% | Reduce -0.7% | 24,548 | $1.4M |
| PNC Financial Services Group, Inc. | 0.00% | Add +7.0% | 23,777 | $1.4M |
| Mayflower Financial Advisors, LLC | 0.20% | Reduce -16.4% | 22,086 | $1.3M |
| Northwestern Mutual Wealth Management Co. | 0.00% | Add +14.2% | 21,935 | $1.3M |
| Citadel Advisors | 0.00% | Add +27.3% | 21,093 | $1.2M |
| Strategic Blueprint, LLC | 0.07% | Add +13.4% | 20,542 | $1.2M |
| TSA Wealth Managment LLC | 0.47% | Add +25.9% | 20,526 | $1.2M |
| Apollon Wealth Management, LLC | 0.03% | Reduce -22.9% | 20,269 | $1.2M |
| WealthBridge Investment Counsel Inc. | 0.40% | No change | 18,700 | $1.1M |
| swisspartners Advisors Ltd | 1.14% | Reduce -0.7% | 21,015 | $1.1M |
| Thrivent Financial for Lutherans | 0.00% | Reduce -19.7% | 18,474 | $1.1M |
| National Bank of Canada | 0.00% | Add +4.0% | 18,085 | $1.1M |
| Wealthspire Advisors, LLC | 0.01% | Add +5.9% | 18,024 | $1.0M |
| Cerity Partners LLC | 0.00% | Reduce -2.3% | 17,520 | $1.0M |
| FMR LLC | 0.00% | Add +0.3% | 16,965 | $987K |
| Private Advisor Group, LLC | 0.01% | Add +27.3% | 16,963 | $987K |
| HSBC Holdings PLC | 0.00% | Reduce -14.0% | 16,307 | $949K |
| Sagespring Wealth Partners, LLC | 0.02% | Add +46.5% | 16,025 | $933K |
| Brookstone Capital Management | 0.01% | New | 15,430 | $898K |
| MA Private Wealth | 0.17% | Add +227.8% | 15,349 | $893K |
| GLOBALT Investments LLC / GA | 0.04% | No change | 15,345 | $893K |
| Daymark Wealth Partners, LLC | 0.04% | Add +1.5% | 15,302 | $891K |
| Beacon Financial Group | 0.10% | Reduce -4.7% | 14,943 | $870K |
| Susquehanna International Group, LLP | 0.00% | New | 14,414 | $839K |
| Shared Vision Wealth Group LLC | 0.45% | Reduce -6.0% | 14,193 | $826K |
| Baird Financial Group, Inc. | 0.00% | New | 14,033 | $817K |
| Braun-Bostich & Associates Inc. | 0.59% | New | 13,648 | $794K |
| Bridgewater Advisors Inc. | 0.07% | No change | 13,000 | $784K |
| Merit Financial Group, LLC | 0.01% | Add +22.4% | 13,405 | $780K |
| High Falls Advisors, Inc | 0.18% | Reduce -8.4% | 13,250 | $771K |
| Watershed Private Wealth LLC | 0.30% | Reduce -2.2% | 13,055 | $760K |
| Fisher Asset Management | 0.00% | Reduce -29.1% | 12,854 | $748K |
| Finley Financial, LLC | 0.41% | Reduce -1.8% | 12,230 | $738K |
| Cibc World Market Inc. | 0.00% | Add +4.7% | 12,629 | $735K |
| Sunbelt Securities, Inc. | 0.07% | Add +4328.6% | 12,533 | $729K |
| Waverly Advisors, LLC | 0.01% | Reduce -1.1% | 11,981 | $697K |
| Unique Wealth, LLC | 0.13% | Add +129.0% | 11,783 | $686K |
| Rathbones Group PLC | 0.00% | New | 11,642 | $678K |
| Federation des caisses Desjardins du Quebec | 0.00% | No change | 11,357 | $661K |
| Balance Wealth Partners LLC | 0.42% | — | 11,236 | $654K |
| MMBG Investment Advisors Co. | 0.07% | No change | 11,000 | $640K |
| Horst & Graben Wealth Management LLC | 0.11% | Add +71.1% | 10,575 | $615K |
| Ascent Group, LLC | 0.03% | New | 10,488 | $610K |
| Silvercrest Asset Management Group LLC | 0.00% | No change | 10,464 | $609K |
| Guardian Wealth Advisors, LLC / NC | 0.05% | No change | 10,388 | $605K |
| Blue Trust, Inc. | 0.01% | Reduce -13.6% | 10,274 | $598K |
| WMG Financial Advisors, LLC | 0.25% | Reduce -6.3% | 10,220 | $595K |
| Wealthgarden F.S. LLC | 0.57% | Reduce -14.9% | 10,211 | $594K |
| Nwam LLC | 0.05% | Add +31.6% | 10,207 | $594K |
| Alamea Verwaltungs GmbH | 0.50% | — | 10,000 | $582K |
| Csenge Advisory Group | 0.03% | Reduce -13.3% | 9,854 | $569K |
| Lansing Street Advisors | 0.19% | Add +37.0% | 9,758 | $568K |
| Ameriprise Financial Inc. | 0.00% | Add +24.5% | 9,638 | $561K |
| Dentgroup LLC | 0.41% | Add +11.7% | 9,439 | $549K |
| Trustmark Bank Trust Department | 0.04% | No change | 9,400 | $547K |
| Advisory Services Network, LLC | 0.01% | Reduce -9.1% | 9,161 | $533K |
| Belpointe Asset Management LLC | 0.03% | New | 8,997 | $524K |
| My Legacy Advisors, LLC | 0.20% | Reduce -6.2% | 8,687 | $506K |
| Veltria Advisors Corp. | 0.33% | Reduce -50.0% | 8,676 | $505K |
| MetLife Inc | 5.20% | Reduce -3.1% | 8,643 | $504K |
| 5T Wealth, LLC | 0.27% | Reduce -3.0% | 8,255 | $480K |
| Firethorn Wealth Partners, LLC | 0.23% | Reduce -20.1% | 8,223 | $479K |
| Two Sigma Securities, LLC | 0.07% | New | 8,073 | $470K |
| Hoxton Planning & Management, LLC | 0.18% | Reduce -14.4% | 8,019 | $467K |
| ONE Advisory Partners, LLC | 0.20% | Add +9.9% | 7,977 | $464K |
| Canandaigua National Bank & Trust Co. | 0.05% | No change | 7,971 | $464K |
| Ssa Swiss Advisors AG | 0.23% | — | 7,876 | $459K |
| Integris Wealth Management, LLC | 0.13% | Reduce -2.4% | 7,813 | $455K |
| Stifel Financial Corp. | 0.00% | Reduce -3.6% | 7,561 | $440K |
| Patriot Financial Group Insurance Agency, LLC | 0.06% | Reduce -5.8% | 7,366 | $429K |
| Canal Capital Management, LLC | 0.07% | Reduce -35.4% | 7,252 | $422K |
| Banque Cantonale Vaudoise | 0.02% | — | 7,203 | $420K |
| Ieq Capital, LLC | 0.00% | No change | 7,193 | $419K |
| Dakota Wealth Management | 0.01% | Reduce -0.4% | 6,960 | $405K |
| CFS Investment Advisory Services, LLC | 0.04% | Reduce -27.4% | 6,896 | $401K |
| Avidian Wealth Enterprises, LLC | 0.02% | No change | 6,823 | $397K |
| CreativeOne Wealth, LLC | 0.01% | Add +5.4% | 6,791 | $395K |
| HRT Financial LP | 0.00% | New | 6,518 | $379K |
| Hedges Asset Management LLC | 0.25% | No change | 6,500 | $378K |
| Fullcircle Wealth LLC | 0.15% | Reduce -10.3% | 6,260 | $377K |
| Certified Advisory Corp | 0.04% | No change | 6,454 | $376K |
| HighTower Advisors, LLC | 0.00% | Add +34.8% | 6,253 | $364K |
| Cookson Peirce & Co. Inc. | 0.02% | New | 6,236 | $363K |
| Mariner, LLC | 0.00% | Add +31.0% | 6,172 | $359K |
| Mather Group, Llc. | 0.00% | Add +511.4% | 6,120 | $356K |
| Davis Wealth Advisors, LLC | 0.40% | Reduce -0.4% | 6,060 | $353K |
| U.S. Capital Wealth Advisors, LLC | 0.01% | Add +32.9% | 5,996 | $349K |
| Harbour Capital Advisors, LLC | 0.09% | No change | 6,029 | $347K |
| Transcend Capital Advisors, LLC | 0.02% | Reduce -26.6% | 5,869 | $342K |
| Conservest Capital Advisors, Inc. | 0.04% | Reduce -67.8% | 5,863 | $341K |
| Westhampton Capital, LLC | 0.19% | New | 5,850 | $340K |
| Farther Finance Advisors, LLC | 0.01% | Reduce -26.5% | 5,808 | $339K |
| Cohen Capital Management, Inc. | 0.06% | Reduce -7.8% | 5,757 | $335K |
| Cresset Asset Management, LLC | 0.00% | Add +18.8% | 5,698 | $332K |
| Comerica Bank | 0.00% | Reduce -5.8% | 5,518 | $321K |
| Truist Financial Corp. | 0.00% | Add +17.6% | 5,420 | $315K |
| TFB Advisors LLC | 0.09% | Add +20.3% | 5,373 | $313K |
| EverSource Wealth Advisors, LLC | 0.02% | Reduce -17.9% | 5,349 | $311K |
| Focus Partners Wealth | 0.00% | No change | 5,115 | $298K |
| W Advisors, LLC | 0.18% | Add +15.5% | 5,049 | $294K |
| Glenmede Trust Co. NA | 0.00% | No change | 5,000 | $291K |
| Focus Partners Advisor Solutions, LLC | 0.00% | Add +2.6% | 4,994 | $291K |
| Accelerate Investment Advisors LLC | 0.24% | New | 4,886 | $284K |
| L. Roy Papp & Associates, LLP | 0.03% | No change | 4,500 | $262K |
| Becker Capital Management Inc. | 0.01% | No change | 4,500 | $262K |
| Banco Santander, S.A. | 0.00% | Add +14.4% | 4,438 | $258K |
| Lee Financial Co | 0.04% | Add +13.0% | 4,428 | $258K |
| Regal Investment Advisors LLC | 0.02% | Reduce -19.8% | 4,403 | $256K |
| Ironwood Financial, llc | 0.05% | Reduce -1.7% | 4,386 | $255K |
| Quadrature Capital Ltd | 0.01% | Reduce -83.3% | 4,359 | $254K |
| Yoffe Investment Management, LLC | 0.37% | No change | 4,327 | $252K |
| RCS Financial Planning, LLC | 0.13% | Reduce -8.6% | 4,324 | $252K |
| Avantax Advisory Services, Inc. | 0.00% | Reduce -9.5% | 4,311 | $251K |
| Citizens Financial Group Inc. | 0.00% | No change | 4,016 | $234K |
| Perigon Wealth Management, LLC | 0.01% | Reduce -18.4% | 4,006 | $233K |
| Silvia McColl Wealth Management, LLC | 0.18% | No change | 4,000 | $233K |
| Alpha Advisors, LLC | 0.20% | No change | 3,900 | $227K |
| KCM Investment Advisors LLC | 0.01% | No change | 3,865 | $225K |
| Johnson Investment Counsel Inc. | 0.00% | New | 3,826 | $223K |
| GFS Advisors, LLC | 0.04% | New | 3,763 | $219K |
| Brown Advisory Inc. | 0.00% | New | 3,715 | $216K |
| Kestra Private Wealth Services, LLC | 0.00% | New | 3,656 | $213K |
| Carret Asset Management, LLC | 0.02% | New | 3,540 | $206K |
| Empire Life Investments Inc. | 0.01% | Add +20.6% | 3,519 | $205K |
| O'shaughnessy Asset Management, LLC | 0.00% | Add +9.5% | 3,514 | $205K |
| Cyndeo Wealth Partners, LLC | 0.01% | Reduce -23.4% | 3,499 | $204K |
| First Horizon Advisors, Inc. | 0.00% | Reduce -42.3% | 3,000 | $175K |
| Bank of Montreal | 0.00% | Reduce -3.8% | 2,764 | $161K |
| Blair William & Co. | 0.00% | No change | 2,622 | $153K |
| Phillips Financial Management, LLC | 0.01% | No change | 2,555 | $149K |
| Whittier Trust Co. | 0.00% | No change | 2,513 | $146K |
| TD Waterhouse Canada Inc. | 0.00% | No change | 2,350 | $137K |
| Hazlett, Burt & Watson, Inc. | 0.05% | No change | 2,100 | $122K |
| Smartleaf Asset Management LLC | 0.01% | Reduce -8.1% | 2,062 | $121K |
| Jones Financial Companies LLLP | 0.00% | Reduce -9.3% | 1,959 | $115K |
| North Capital, Inc. | 0.10% | — | 1,874 | $109K |
| Headlands Technologies LLC | 0.01% | New | 1,825 | $106K |
| New Republic Capital, LLC | 0.05% | No change | 1,806 | $105K |
| Capital Investment Advisory Services, LLC | 0.01% | No change | 1,800 | $105K |
| Sage Mountain Advisors LLC | 0.01% | No change | 1,657 | $96K |
| Kayne Anderson Rudnick Investment Management LLC | 0.00% | No change | 1,534 | $89K |
| Smithfield Trust Co | 0.00% | No change | 1,533 | $89K |
| Rothschild Investment LLC | 0.01% | No change | 1,525 | $89K |
| Montag A & Associates Inc. | 0.00% | No change | 1,500 | $87K |
| BTG Pactual Asset Management US LLC | 0.01% | Add +12.8% | 1,178 | $69K |
| IAG Wealth Partners, LLC | 0.01% | No change | 1,127 | $66K |
| MPWM Advisory Solutions, LLC | 0.05% | No change | 1,124 | $65K |
| Templeton & Phillips Capital Management, LLC | 0.05% | No change | 1,124 | $65K |
| Missouri Trust & Investment Co | 0.02% | Add +57.0% | 1,005 | $58K |
| Whittier Trust Co. of Nevada Inc. | 0.00% | No change | 1,000 | $58K |
| LGT Financial Advisors LLC | 0.17% | Add +56.4% | 957 | $56K |
| Bokf, NA | 0.00% | No change | 845 | $49K |
| Bank Julius Baer & Co. Ltd, Zurich | 0.00% | Reduce -47.5% | 819 | $48K |
| MAI Capital Management | 0.00% | No change | 719 | $42K |
| Financially Speaking Inc | 0.03% | New | 689 | $40K |
| Spire Wealth Management | 0.00% | Reduce -3.1% | 679 | $40K |
| Wasatch Advisors LP | 0.00% | New | 679 | $40K |
| Colonial Trust Advisors | 0.00% | No change | 653 | $38K |
| SOA Wealth Advisors, LLC. | 0.01% | No change | 595 | $35K |
| US Bancorp \de | 0.00% | Reduce -16.6% | 585 | $34K |
| Glass Jacobson Investment Advisors llc | 0.01% | No change | 600 | $31K |
| Rosenberg Matthew Hamilton | 0.01% | Add +8.0% | 377 | $22K |
| Allworth Financial LP | 0.00% | No change | 362 | $22K |
| CIBC Private Wealth Group LLC | 0.00% | No change | 401 | $21K |
| Murphy & Mullick Capital Management Corp | 0.02% | No change | 270 | $16K |
| Continuum Advisory, LLC | 0.00% | No change | 268 | $16K |
| Park Place Capital Corp | 0.00% | New | 258 | $15K |
| Cwm, LLC | 0.00% | Add +21.5% | 254 | $15K |
| Bessemer Group Inc. | 0.00% | No change | 170 | $10K |
| Your Advocates Ltd., LLP | 0.00% | No change | 163 | $9K |
| Steward Partners Investment Advisory, LLC | 0.00% | No change | 150 | $9K |
| Private Trust Co. NA | 0.00% | New | 145 | $8K |
| Spectrum Wealth Counsel, LLC | 0.00% | No change | 100 | $6K |
| Plante Moran Financial Advisors, LLC | 0.00% | No change | 80 | $5K |
| IFP Advisors, Inc | 0.00% | Reduce -27.6% | 76 | $4K |
| Salomon & Ludwin, LLC | 0.00% | No change | 64 | $4K |
| Center for Financial Planning, Inc. | 0.00% | No change | 50 | $3K |
| EPG Wealth Management LLC | 0.00% | No change | 38 | $2K |
| GHP Investment Advisors, Inc. | 0.00% | New | 34 | $2K |
| Graney & King, LLC | 0.00% | New | 30 | $2K |
| Tower Research Capital LLC (TRC) | 0.00% | Reduce -98.1% | 28 | $2K |
| Ancora Advisors LLC | 0.00% | No change | 25 | $1K |
| Dunhill Financial, LLC | 0.00% | Add +125.0% | 9 | $503 |
| BNP Paribas Financial Markets | 0.00% | New | 3 | $175 |
"% of holder's portfolio" is IEV's weight in each manager's 13F, not the share of iShares Europe ETF the manager owns.