AltShares Merger Arbitrage ETF
ARB
26 hedge funds and large institutions have $60.8M invested in AltShares Merger Arbitrage ETF in 2024 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 12 reducing their positions, and 6 closing their positions.
2.1% more ownership
Funds ownership: 85.25% → 87.35% (+2.1%)
5% more capital invested
Capital invested by funds: $57.9M → $60.8M (+$2.87M)
7% less funds holding
Funds holding: 28 → 26 (-2)
25% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 12
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KI
Kapitalo Investimentos
Sao Paulo,
Brazil
|
+$5.25M |
| 2 |
HI
Harbour Investments
Madison,
Wisconsin
|
+$2.06M |
| 3 |
Jane Street
New York
|
+$1.02M |
| 4 |
GS
GTS Securities
New York
|
+$331K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$312K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NYLIM
New York Life Investment Management
New York
|
-$4.89M |
| 2 |
AF
Allworth Financial
Folsom,
California
|
-$2.24M |
| 3 |
Bank of New York Mellon
New York
|
-$858K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$294K |
| 5 |
Morgan Stanley
New York
|
-$218K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NA
26
NewEdge Advisors
New Orleans,
Louisiana
| $5.19K | +$5.13K | +191 | New |
|
|
27
Bank of New York Mellon
New York
| – | -$858K | -32,072 | Closed |
|
28
UBS Group
Zurich,
Switzerland
| – | -$49.2K | -1,840 | Closed |
|
|
LFG
29
Larson Financial Group
St Louis,
Missouri
| – | -$10.7K | -400 | Closed |
|
30
AssetMark Inc
Concord,
California
| – | -$3.24K | -121 | Closed |
|
|
BGAI
31
Bruce G. Allen Investments
Denver,
Colorado
| – | -$615 | -23 | Closed |
|
32
Comerica Bank
Dallas,
Texas
| – | -$587 | -22 | Closed |
|
ARB Hedge Fund Activity: Q1 2024 in Review
26 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in AltShares Merger Arbitrage ETF (ARB) for Q1 2024, worth a combined $60.8M — up 5% from $57.9M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of ARB and 4 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 9 added.
The largest buyer was Kapitalo Investimentos, adding an estimated $5.25M. The largest seller was New York Life Investment Management, cutting an estimated $4.89M.
- 26 institutional investors held AltShares Merger Arbitrage ETF (ARB) as of Q1 2024, down from 28 in Q4 2023.
- Funds reported $60.8M of AltShares Merger Arbitrage ETF stock for Q1 2024, up 5% quarter-over-quarter.
- 4 funds opened new AltShares Merger Arbitrage ETF positions in Q1 2024 and 6 closed out, a net change of -2 holders.
- The largest AltShares Merger Arbitrage ETF buyer in Q1 2024 was Kapitalo Investimentos, an estimated $5.25M added.
- The largest AltShares Merger Arbitrage ETF seller in Q1 2024 was New York Life Investment Management, an estimated $4.89M sold.
Based on aggregated 13F filings for Q1 2024.