AltShares Merger Arbitrage ETF
ARB
24 hedge funds and large institutions have $89.4M invested in AltShares Merger Arbitrage ETF in 2022 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 4 increasing their positions, 12 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
26% more funds holding
Funds holding: 19 → 24 (+5)
8.18% more ownership
Funds ownership: 110.46% → 118.64% (+8.2%)
4% more capital invested
Capital invested by funds: $86.2M → $89.4M (+$3.25M)
67% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFS
Mirabella Financial Services
London,
United Kingdom
|
+$5.29M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$1.54M |
| 3 |
QA
Quantitative Advantage
Minnetonka,
Minnesota
|
+$1.26M |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$593K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$581K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CF
Cantor Fitzgerald
New York
|
-$1.35M |
| 2 |
CFGS
Concourse Financial Group Securities
Birmingham,
Alabama
|
-$651K |
| 3 |
AF
Allworth Financial
Folsom,
California
|
-$634K |
| 4 |
OPS
Orion Portfolio Solutions
Omaha,
Nebraska
|
-$488K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$139K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$25K | -940 | Closed |
|
|
CCM
27
Cribstone Capital Management
Augusta,
Maine
| – | +$27 | +1 | New |
|
ARB Hedge Fund Activity: Q3 2022 in Review
24 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in AltShares Merger Arbitrage ETF (ARB) for Q3 2022, worth a combined $89.4M — up 3.8% from $86.2M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new ARB positions and 3 closed out — a net gain of 5 holders — while 4 added to existing stakes and 12 trimmed.
The largest buyer was Mirabella Financial Services, opening a new position worth an estimated $5.29M. The largest seller was Cantor Fitzgerald, cutting an estimated $1.35M.
- 24 institutional investors held AltShares Merger Arbitrage ETF (ARB) as of Q3 2022, up from 19 in Q2 2022.
- Funds reported $89.4M of AltShares Merger Arbitrage ETF stock for Q3 2022, up 3.8% quarter-over-quarter.
- 8 funds opened new AltShares Merger Arbitrage ETF positions in Q3 2022 and 3 closed out, a net change of +5 holders.
- The largest AltShares Merger Arbitrage ETF buyer in Q3 2022 was Mirabella Financial Services, an estimated $5.29M added.
- The largest AltShares Merger Arbitrage ETF seller in Q3 2022 was Cantor Fitzgerald, an estimated $1.35M sold.
Based on aggregated 13F filings for Q3 2022.