IQ ARB Merger Arbitrage ETF
MNA
45 hedge funds and large institutions have $80.6M invested in IQ ARB Merger Arbitrage ETF in 2015 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 18 increasing their positions, 10 reducing their positions, and 5 closing their positions.
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
80% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 10
13% more funds holding
Funds holding: 40 → 45 (+5)
5% less capital invested
Capital invested by funds: $84.8M → $80.6M (-$4.26M)
5.84% less ownership
Funds ownership: 61.56% → 55.72% (-5.8%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
+$2.59M |
| 2 |
CFA
Carroll Financial Associates
Charlotte,
North Carolina
|
+$2.56M |
| 3 |
WSTAM
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
|
+$538K |
| 4 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$483K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$456K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$6.55M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.48M |
| 3 |
Morgan Stanley
New York
|
-$421K |
| 4 |
BCM
Boyle Capital Management
West Des Moines,
Iowa
|
-$327K |
| 5 |
CWA
Constellation Wealth Advisors
New York
|
-$281K |
MNA Hedge Fund Activity: Q3 2015 in Review
45 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q3 2015, worth a combined $80.6M — down 5% from $84.8M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new MNA positions and 5 closed out — a net gain of 6 holders — while 18 added to existing stakes and 10 trimmed.
The largest buyer was Aviance Capital Management, opening a new position worth an estimated $2.59M. The largest seller was Susquehanna International Group, cutting an estimated $6.55M.
- 45 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q3 2015, up from 40 in Q2 2015.
- Funds reported $80.6M of IQ ARB Merger Arbitrage ETF stock for Q3 2015, down 5% quarter-over-quarter.
- 11 funds opened new IQ ARB Merger Arbitrage ETF positions in Q3 2015 and 5 closed out, a net change of +6 holders.
- The largest IQ ARB Merger Arbitrage ETF buyer in Q3 2015 was Aviance Capital Management, an estimated $2.59M added.
- The largest IQ ARB Merger Arbitrage ETF seller in Q3 2015 was Susquehanna International Group, an estimated $6.55M sold.
Based on aggregated 13F filings for Q3 2015.