AltShares Merger Arbitrage ETF
ARB
27 hedge funds and large institutions have $71.7M invested in AltShares Merger Arbitrage ETF in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 5 increasing their positions, 12 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
11.32% more ownership
Funds ownership: 105.64% → 116.96% (+11%)
8% more funds holding
Funds holding: 25 → 27 (+2)
20% less capital invested
Capital invested by funds: $90.1M → $71.7M (-$18.4M)
58% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 12
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$8.82M |
| 2 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$4.79M |
| 3 |
WEG
World Equity Group
Schaumburg,
Illinois
|
+$1.66M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$927K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$347K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CF
Cantor Fitzgerald
New York
|
-$9.58M |
| 2 |
KI
Kapitalo Investimentos
Sao Paulo,
Brazil
|
-$7.58M |
| 3 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
-$4.54M |
| 4 |
AF
Allworth Financial
Folsom,
California
|
-$4.09M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$2.84M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
AssetMark Inc
Concord,
California
| $4.69K | +$4.71K | +185 | New |
|
27
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $4.67K | +$4.69K | +184 | New |
|
|
KI
28
Kapitalo Investimentos
Sao Paulo,
Brazil
| – | -$7.58M | -294,200 | Closed |
|
|
ACM
29
Arlington Capital Management
Arlington Heights,
Illinois
| – | -$4.54M | -176,141 | Closed |
|
|
AI
30
Atria Investments
Charlotte,
North Carolina
| – | -$1.09M | -42,181 | Closed |
|
31
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$320K | -12,439 | Closed |
|
|
KAS
32
Kestra Advisory Services
Austin,
Texas
| – | -$246K | -9,550 | Closed |
|
33
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$1.34K | -52 | Closed |
|
ARB Hedge Fund Activity: Q1 2023 in Review
27 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in AltShares Merger Arbitrage ETF (ARB) for Q1 2023, worth a combined $71.7M — down 20% from $90.1M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new ARB positions and 6 closed out — a net gain of 3 holders — while 5 added to existing stakes and 12 trimmed.
The largest buyer was Jane Street, opening a new position worth an estimated $8.82M. The largest seller was Cantor Fitzgerald, cutting an estimated $9.58M.
- 27 institutional investors held AltShares Merger Arbitrage ETF (ARB) as of Q1 2023, up from 25 in Q4 2022.
- Funds reported $71.7M of AltShares Merger Arbitrage ETF stock for Q1 2023, down 20% quarter-over-quarter.
- 9 funds opened new AltShares Merger Arbitrage ETF positions in Q1 2023 and 6 closed out, a net change of +3 holders.
- The largest AltShares Merger Arbitrage ETF buyer in Q1 2023 was Jane Street, an estimated $8.82M added.
- The largest AltShares Merger Arbitrage ETF seller in Q1 2023 was Cantor Fitzgerald, an estimated $9.58M sold.
Based on aggregated 13F filings for Q1 2023.