AltShares Merger Arbitrage ETF
ARB
23 hedge funds and large institutions have $67.6M invested in AltShares Merger Arbitrage ETF in 2023 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 3 increasing their positions, 12 reducing their positions, and 9 closing their positions.
6% less capital invested
Capital invested by funds: $71.7M → $67.6M (-$4.11M)
12.1% less ownership
Funds ownership: 116.96% → 104.86% (-12%)
15% less funds holding
Funds holding: 27 → 23 (-4)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
75% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KI
Kapitalo Investimentos
Sao Paulo,
Brazil
|
+$5.05M |
| 2 |
NYLIM
New York Life Investment Management
New York
|
+$4.22M |
| 3 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$1.34M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$52.4K |
| 5 |
Morgan Stanley
New York
|
+$50.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$8.78M |
| 2 |
WEG
World Equity Group
Schaumburg,
Illinois
|
-$2.54M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$924K |
| 4 |
CF
Cantor Fitzgerald
New York
|
-$486K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$345K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$924K | -36,360 | Closed |
|
|
27
Citadel Advisors
Miami,
Florida
| – | -$345K | -13,605 | Closed |
|
|
SWA
28
Stratos Wealth Advisors
Beachwood,
Ohio
| – | -$203K | -8,002 | Closed |
|
29
UBS Group
Zurich,
Switzerland
| – | -$52K | -2,051 | Closed |
|
|
AAS
30
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$10.1K | -392 | Closed |
|
31
AssetMark Inc
Concord,
California
| – | -$4.69K | -185 | Closed |
|
32
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$4.67K | -184 | Closed |
|
ARB Hedge Fund Activity: Q2 2023 in Review
23 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in AltShares Merger Arbitrage ETF (ARB) for Q2 2023, worth a combined $67.6M — down 5.7% from $71.7M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of ARB and 6 opened new positions — a net loss of 3 holders — while 12 trimmed existing stakes and 3 added.
The largest buyer was Kapitalo Investimentos, opening a new position worth an estimated $5.05M. The largest seller was Jane Street, exiting entirely with an estimated $8.78M sold.
- 23 institutional investors held AltShares Merger Arbitrage ETF (ARB) as of Q2 2023, down from 27 in Q1 2023.
- Funds reported $67.6M of AltShares Merger Arbitrage ETF stock for Q2 2023, down 5.7% quarter-over-quarter.
- 6 funds opened new AltShares Merger Arbitrage ETF positions in Q2 2023 and 9 closed out, a net change of -3 holders.
- The largest AltShares Merger Arbitrage ETF buyer in Q2 2023 was Kapitalo Investimentos, an estimated $5.05M added.
- The largest AltShares Merger Arbitrage ETF seller in Q2 2023 was Jane Street, an estimated $8.78M sold.
Based on aggregated 13F filings for Q2 2023.