AltShares Merger Arbitrage ETF
ARB
25 hedge funds and large institutions have $90.1M invested in AltShares Merger Arbitrage ETF in 2022 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 5 increasing their positions, 12 reducing their positions, and 6 closing their positions.
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
4% more funds holding
Funds holding: 24 → 25 (+1)
1% more capital invested
Capital invested by funds: $89.4M → $90.1M (+$640K)
13% less ownership
Funds ownership: 118.64% → 105.64% (-13%)
58% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KI
Kapitalo Investimentos
Sao Paulo,
Brazil
|
+$7.83M |
| 2 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
+$4.69M |
| 3 |
LFA
Legend Financial Advisors
Pittsburgh,
Pennsylvania
|
+$3.78M |
| 4 |
PFMU
Privium Fund Management (UK)
London,
United Kingdom
|
+$1.67M |
| 5 |
CFGS
Concourse Financial Group Securities
Birmingham,
Alabama
|
+$542K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CF
Cantor Fitzgerald
New York
|
-$8.48M |
| 2 |
AF
Allworth Financial
Folsom,
California
|
-$4.13M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$738K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$579K |
| 5 |
Jane Street
New York
|
-$549K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MFS
26
Mirabella Financial Services
London,
United Kingdom
| – | -$198K | -198,134 | Closed |
|
|
27
Citadel Advisors
Miami,
Florida
| – | -$579K | -21,740 | Closed |
|
|
28
Jane Street
New York
| – | -$549K | -20,621 | Closed |
|
29
UBS Group
Zurich,
Switzerland
| – | -$55K | -2,067 | Closed |
|
30
AssetMark Inc
Concord,
California
| – | -$52K | -1,959 | Closed |
|
ARB Hedge Fund Activity: Q4 2022 in Review
25 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in AltShares Merger Arbitrage ETF (ARB) for Q4 2022, worth a combined $90.1M — up 0.72% from $89.4M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new ARB positions and 6 closed out — a net gain of 1 holder — while 5 added to existing stakes and 12 trimmed.
The largest buyer was Kapitalo Investimentos, opening a new position worth an estimated $7.83M. The largest seller was Cantor Fitzgerald, cutting an estimated $8.48M.
- 25 institutional investors held AltShares Merger Arbitrage ETF (ARB) as of Q4 2022, up from 24 in Q3 2022.
- Funds reported $90.1M of AltShares Merger Arbitrage ETF stock for Q4 2022, up 0.72% quarter-over-quarter.
- 7 funds opened new AltShares Merger Arbitrage ETF positions in Q4 2022 and 6 closed out, a net change of +1 holder.
- The largest AltShares Merger Arbitrage ETF buyer in Q4 2022 was Kapitalo Investimentos, an estimated $7.83M added.
- The largest AltShares Merger Arbitrage ETF seller in Q4 2022 was Cantor Fitzgerald, an estimated $8.48M sold.
Based on aggregated 13F filings for Q4 2022.