AltShares Merger Arbitrage ETF
ARB
25 hedge funds and large institutions have $74M invested in AltShares Merger Arbitrage ETF in 2023 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 12 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
10% more capital invested
Capital invested by funds: $67.6M → $74M (+$6.46M)
9% more funds holding
Funds holding: 23 → 25 (+2)
4.49% less ownership
Funds ownership: 104.86% → 100.38% (-4.5%)
33% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NYLIM
New York Life Investment Management
New York
|
+$4.54M |
| 2 |
KI
Kapitalo Investimentos
Sao Paulo,
Brazil
|
+$646K |
| 3 |
GS
GTS Securities
Miami,
Florida
|
+$314K |
| 4 |
Morgan Stanley
New York
|
+$145K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$143K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CF
Cantor Fitzgerald
New York
|
-$487K |
| 2 |
AF
Allworth Financial
Folsom,
California
|
-$467K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$173K |
| 4 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$144K |
| 5 |
OPS
Orion Portfolio Solutions
Omaha,
Nebraska
|
-$144K |
ARB Hedge Fund Activity: Q3 2023 in Review
25 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in AltShares Merger Arbitrage ETF (ARB) for Q3 2023, worth a combined $74M — up 9.6% from $67.6M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new ARB positions and 2 closed out — a net gain of 2 holders — while 8 added to existing stakes and 12 trimmed.
The largest buyer was New York Life Investment Management, adding an estimated $4.54M. The largest seller was Cantor Fitzgerald, cutting an estimated $487K.
- 25 institutional investors held AltShares Merger Arbitrage ETF (ARB) as of Q3 2023, up from 23 in Q2 2023.
- Funds reported $74M of AltShares Merger Arbitrage ETF stock for Q3 2023, up 9.6% quarter-over-quarter.
- 4 funds opened new AltShares Merger Arbitrage ETF positions in Q3 2023 and 2 closed out, a net change of +2 holders.
- The largest AltShares Merger Arbitrage ETF buyer in Q3 2023 was New York Life Investment Management, an estimated $4.54M added.
- The largest AltShares Merger Arbitrage ETF seller in Q3 2023 was Cantor Fitzgerald, an estimated $487K sold.
Based on aggregated 13F filings for Q3 2023.