AltShares Merger Arbitrage ETF
ARB
32 hedge funds and large institutions have $62.2M invested in AltShares Merger Arbitrage ETF in 2024 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 18 increasing their positions, 6 reducing their positions, and 2 closing their positions.
300% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 2
200% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 6
23% more funds holding
Funds holding: 26 → 32 (+6)
2% more capital invested
Capital invested by funds: $60.8M → $62.2M (+$1.41M)
0.85% less ownership
Funds ownership: 87.35% → 86.5% (-0.85%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$4.78M |
| 2 |
NYLIM
New York Life Investment Management
New York
|
+$2.66M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$890K |
| 4 |
AssetMark Inc
Concord,
California
|
+$800K |
| 5 |
AI
Atria Investments
Charlotte,
North Carolina
|
+$768K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KI
Kapitalo Investimentos
Sao Paulo,
Brazil
|
-$10.9M |
| 2 |
GS
GTS Securities
New York
|
-$149K |
| 3 |
AF
Allworth Financial
Folsom,
California
|
-$72.8K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$24.5K |
| 5 |
JP Morgan Chase
New York
|
-$6.61K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AF
26
Allworth Financial
Folsom,
California
| $125K | -$72.8K | -2,710 | -37% |
|
|
SPIA
27
Steward Partners Investment Advisory
New York
| $67.9K | +$67.8K | +2,523 | New |
|
|
PTC
28
Private Trust Company
Cleveland,
Ohio
| $54.9K | +$31.3K | +1,167 | +134% |
|
|
29
JP Morgan Chase
New York
| $9.15K | -$6.61K | -246 | -42% |
|
30
Royal Bank of Canada
Toronto,
Ontario, Canada
| $5K | -$1.99K | -74 | -30% |
|
31
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $215 | +$215 | +8 | New |
|
|
BGAI
32
Bruce G. Allen Investments
Denver,
Colorado
| $108 | +$107 | +4 | New |
|
|
KI
33
Kapitalo Investimentos
Sao Paulo,
Brazil
| – | -$10.9M | -400,000 | Closed |
|
|
NA
34
NewEdge Advisors
New Orleans,
Louisiana
| – | -$5.19K | -191 | Closed |
|
ARB Hedge Fund Activity: Q2 2024 in Review
32 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in AltShares Merger Arbitrage ETF (ARB) for Q2 2024, worth a combined $62.2M — up 2.3% from $60.8M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new ARB positions and 2 closed out — a net gain of 6 holders — while 18 added to existing stakes and 6 trimmed.
The largest buyer was Jane Street, adding an estimated $4.78M. The largest seller was Kapitalo Investimentos, exiting entirely with an estimated $10.9M sold.
- 32 institutional investors held AltShares Merger Arbitrage ETF (ARB) as of Q2 2024, up from 26 in Q1 2024.
- Funds reported $62.2M of AltShares Merger Arbitrage ETF stock for Q2 2024, up 2.3% quarter-over-quarter.
- 8 funds opened new AltShares Merger Arbitrage ETF positions in Q2 2024 and 2 closed out, a net change of +6 holders.
- The largest AltShares Merger Arbitrage ETF buyer in Q2 2024 was Jane Street, an estimated $4.78M added.
- The largest AltShares Merger Arbitrage ETF seller in Q2 2024 was Kapitalo Investimentos, an estimated $10.9M sold.
Based on aggregated 13F filings for Q2 2024.