AltShares Merger Arbitrage ETF
ARB
28 hedge funds and large institutions have $57.9M invested in AltShares Merger Arbitrage ETF in 2023 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 5 increasing their positions, 16 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
12% more funds holding
Funds holding: 25 → 28 (+3)
15.13% less ownership
Funds ownership: 100.38% → 85.25% (-15%)
22% less capital invested
Capital invested by funds: $74M → $57.9M (-$16.1M)
69% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NYLIM
New York Life Investment Management
New York
|
+$1.14M |
| 2 |
Morgan Stanley
New York
|
+$168K |
| 3 |
PA
PFG Advisors
Phoenix,
Arizona
|
+$94.2K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$46K |
| 5 |
JP Morgan Chase
New York
|
+$44.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CF
Cantor Fitzgerald
New York
|
-$20.1M |
| 2 |
AF
Allworth Financial
Folsom,
California
|
-$5.94M |
| 3 |
PFMU
Privium Fund Management (UK)
London,
United Kingdom
|
-$1.65M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$649K |
| 5 |
KI
Kapitalo Investimentos
Sao Paulo,
Brazil
|
-$545K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1K | +$739 | +28 | New |
|
|
BGAI
27
Bruce G. Allen Investments
Denver,
Colorado
| $615 | +$607 | +23 | New |
|
28
Comerica Bank
Dallas,
Texas
| $587 | -$106 | -4 | -15% |
|
|
CF
29
Cantor Fitzgerald
New York
| – | -$20.1M | -767,569 | Closed |
|
|
PFMU
30
Privium Fund Management (UK)
London,
United Kingdom
| – | -$1.65M | -62,900 | Closed |
|
|
NL
31
NWAM LLC
Mercer Island,
Washington
| – | -$201K | -7,647 | Closed |
|
|
AP
32
Advisors Preferred
Rockville,
Maryland
| – | -$111K | -4,253 | Closed |
|
ARB Hedge Fund Activity: Q4 2023 in Review
28 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in AltShares Merger Arbitrage ETF (ARB) for Q4 2023, worth a combined $57.9M — down 22% from $74M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new ARB positions and 4 closed out — a net gain of 3 holders — while 5 added to existing stakes and 16 trimmed.
The largest buyer was New York Life Investment Management, adding an estimated $1.14M. The largest seller was Cantor Fitzgerald, exiting entirely with an estimated $20.1M sold.
- 28 institutional investors held AltShares Merger Arbitrage ETF (ARB) as of Q4 2023, up from 25 in Q3 2023.
- Funds reported $57.9M of AltShares Merger Arbitrage ETF stock for Q4 2023, down 22% quarter-over-quarter.
- 7 funds opened new AltShares Merger Arbitrage ETF positions in Q4 2023 and 4 closed out, a net change of +3 holders.
- The largest AltShares Merger Arbitrage ETF buyer in Q4 2023 was New York Life Investment Management, an estimated $1.14M added.
- The largest AltShares Merger Arbitrage ETF seller in Q4 2023 was Cantor Fitzgerald, an estimated $20.1M sold.
Based on aggregated 13F filings for Q4 2023.