AltShares Merger Arbitrage ETF
ARB
30 hedge funds and large institutions have $92.6M invested in AltShares Merger Arbitrage ETF in 2025 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 18 increasing their positions, 7 reducing their positions, and 4 closing their positions.
157% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 7
15% more capital invested
Capital invested by funds: $80.4M → $92.6M (+$12.2M)
2.45% more ownership
Funds ownership: 91.67% → 94.12% (+2.4%)
0% more funds holding
Funds holding: 30 → 30 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AssetMark Inc
Concord,
California
|
+$7.14M |
| 2 |
GS
GTS Securities
New York
|
+$1.27M |
| 3 |
PA
PFG Advisors
Phoenix,
Arizona
|
+$882K |
| 4 |
SA
Sonoma Allocations
Santa Rosa,
California
|
+$726K |
| 5 |
LAMNM
Longview Asset Management (New Mexico)
Santa Fe,
New Mexico
|
+$438K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WIA
World Investment Advisors
Santa Barbara,
California
|
-$324K |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
-$320K |
| 3 |
AP
Advisors Preferred
Rockville,
Maryland
|
-$259K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$115K |
| 5 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
-$67.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AF
26
Allworth Financial
Folsom,
California
| $79.9K | -$9.87K | -340 | -11% |
|
|
KAS
27
Kestra Advisory Services
Austin,
Texas
| $49.7K | +$49.6K | +1,709 | New |
|
|
PTC
28
Private Trust Company
Cleveland,
Ohio
| $33K | -$3.71K | -128 | -10% |
|
|
HI
29
Harbour Investments
Madison,
Wisconsin
| $29.4K | -$2.5K | -86 | -8% |
|
|
IA
30
IFP Advisors
Tampa,
Florida
| $174 | +$174 | +6 | New |
|
|
WIA
31
World Investment Advisors
Santa Barbara,
California
| – | -$324K | -11,177 | Closed |
|
|
AP
32
Advisors Preferred
Rockville,
Maryland
| – | -$259K | -8,913 | Closed |
|
|
FFO
33
Fortitude Family Office
Scottsdale,
Arizona
| – | -$19.7K | -679 | Closed |
|
34
UBS Group
Zurich,
Switzerland
| – | -$232 | -8 | Closed |
|
ARB Hedge Fund Activity: Q4 2025 in Review
30 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in AltShares Merger Arbitrage ETF (ARB) for Q4 2025, worth a combined $92.6M — up 15% from $80.4M a quarter earlier.
Fund positioning in ARB was balanced in Q4 2025: 4 funds opened new positions, 4 closed out, 18 added to existing stakes and 7 trimmed.
The largest buyer was AssetMark Inc, adding an estimated $7.14M. The largest seller was World Investment Advisors, exiting entirely with an estimated $324K sold.
- 30 institutional investors held AltShares Merger Arbitrage ETF (ARB) as of Q4 2025, unchanged from Q3 2025.
- Funds reported $92.6M of AltShares Merger Arbitrage ETF stock for Q4 2025, up 15% quarter-over-quarter.
- 4 funds opened new AltShares Merger Arbitrage ETF positions in Q4 2025 and 4 closed out, a net change of 0 holders.
- The largest AltShares Merger Arbitrage ETF buyer in Q4 2025 was AssetMark Inc, an estimated $7.14M added.
- The largest AltShares Merger Arbitrage ETF seller in Q4 2025 was World Investment Advisors, an estimated $324K sold.
Based on aggregated 13F filings for Q4 2025.