AltShares Merger Arbitrage ETF
ARB
36 hedge funds and large institutions have $99.8M invested in AltShares Merger Arbitrage ETF in 2026 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 13 increasing their positions, 14 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
13% more funds holding
Funds holding: 32 → 36 (+4)
5.23% more ownership
Funds ownership: 90.38% → 95.61% (+5.2%)
5% more capital invested
Capital invested by funds: $95M → $99.8M (+$4.84M)
7% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NYLIM
New York Life Investment Management
New York
|
+$3.95M |
| 2 |
DAS
Diversify Advisory Services
Sandy,
Utah
|
+$3.81M |
| 3 |
CFA
Collaborative Fund Advisors
Reno,
Nevada
|
+$2.24M |
| 4 |
OC
Oppenheimer & Co
New York
|
+$1.09M |
| 5 |
DAS
Dynamic Advisor Solutions
Phoenix,
Arizona
|
+$499K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$5.01M |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
-$1.35M |
| 3 |
Jane Street
New York
|
-$818K |
| 4 |
SA
Sonoma Allocations
Santa Rosa,
California
|
-$583K |
| 5 |
AWM
Apollon Wealth Management
Mount Pleasant,
South Carolina
|
-$549K |
ARB Hedge Fund Activity: Q2 2026 in Review
36 of the 8,318 institutional investors tracked by Wall St. Rank reported a position in AltShares Merger Arbitrage ETF (ARB) for Q2 2026, worth a combined $99.8M — up 5.1% from $95M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new ARB positions and 2 closed out — a net gain of 4 holders — while 13 added to existing stakes and 14 trimmed.
The largest buyer was New York Life Investment Management, adding an estimated $3.95M. The largest seller was Citadel Advisors, cutting an estimated $5.01M.
- 36 institutional investors held AltShares Merger Arbitrage ETF (ARB) as of Q2 2026, up from 32 in Q1 2026.
- Funds reported $99.8M of AltShares Merger Arbitrage ETF stock for Q2 2026, up 5.1% quarter-over-quarter.
- 6 funds opened new AltShares Merger Arbitrage ETF positions in Q2 2026 and 2 closed out, a net change of +4 holders.
- The largest AltShares Merger Arbitrage ETF buyer in Q2 2026 was New York Life Investment Management, an estimated $3.95M added.
- The largest AltShares Merger Arbitrage ETF seller in Q2 2026 was Citadel Advisors, an estimated $5.01M sold.
Based on aggregated 13F filings for Q2 2026.