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IQ ARB Merger Arbitrage ETF
MNA

53 hedge funds and large institutions have $98.9M invested in IQ ARB Merger Arbitrage ETF in 2017 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

180% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 5

64% more capital invested

Capital invested by funds: $60.2M → $98.9M (+$38.7M)

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

23% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 13

18% more funds holding

Funds holding: 45 → 53 (+8)

6.28% more ownership

Funds ownership: 35.52% → 41.8% (+6.3%)

Holders
53
Holders Change
+8
Holders Change %
+17.78%
% of All Funds
1.32%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
14
Increased
16
Reduced
13
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$9.56M
2
WF
WealthTrust Fairport
Ohio
+$5.93M
3
Ameriprise
Ameriprise
Minnesota
+$2.17M
4
BOS
Bank of Stockton
California
+$1.03M
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$651K

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$1.26M
2
ACM
Aviance Capital Management
Florida
-$433K
3
VKH
Virtu KCG Holdings
New York
-$268K
4
FFW
Fusion Family Wealth
New York
-$264K
5
SCM
Stonehearth Capital Management
Massachusetts
-$232K
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
26
Goldman Sachs
New York
$495K +$488K +16,116 New
CIM
27
Cetera Investment Management
California
$487K -$150K -4,942 -24%
Envestnet Asset Management
28
Envestnet Asset Management
Illinois
$423K -$60.7K -2,002 -13%
ATC
29
Argent Trust Co
Tennessee
$369K – – –
MML Investors Services
30
MML Investors Services
Massachusetts
$361K +$356K +11,732 New
AA
31
Ancora Advisors
Ohio
$329K -$6.21K -205 -2%
Wells Fargo
32
Wells Fargo
California
$312K +$14.1K +466 +5%
AG
33
Advisor Group
Arizona
$170K +$120K +3,973 +255%
BCI
34
Brinker Capital Investments
Pennsylvania
$83K +$1K +33 +1%
IA
35
IFP Advisors
Florida
$80K +$32.2K +1,062 +69%
LTFS
36
Ladenburg Thalmann Financial Services
Florida
$43K +$5.51K +182 +15%
ECM
37
Exchange Capital Management
Michigan
$36K +$35.6K +1,174 New
JP Morgan Chase
38
JP Morgan Chase
New York
$31K +$30.2K +995 New
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$28K -$51.4K -1,695 -65%
Bank of Montreal
40
Bank of Montreal
Ontario, Canada
$24K – – –
Citigroup
41
Citigroup
New York
$22K +$21.2K +700 New
UBS Group
42
UBS Group
Switzerland
$18K +$17.9K +592 New
VNA
43
Valley National Advisers
Pennsylvania
$15K – – –
RFWA
44
RPg Family Wealth Advisory
Massachusetts
$12.6K – – –
Manulife (Manufacturers Life Insurance)
45
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$12K – – –
ADL
46
Asset Dedication LLC
California
$9K +$9.09K +300 New
TFA
47
Transamerica Financial Advisors
Florida
$5K -$192K -6,328 -98%
NR
48
Newfound Research
Massachusetts
$3K – – –
AIM
49
Advantage Investment Management
Iowa
$3K +$2.85K +94 New
BBPWM
50
Blue Bell Private Wealth Management
Pennsylvania
$3K +$3.03K +100 New
1
2
3

MNA Hedge Fund Activity: Q2 2017 in Review

53 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q2 2017, worth a combined $98.9M — up 64% from $60.2M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new MNA positions and 5 closed out — a net gain of 9 holders — while 16 added to existing stakes and 13 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $9.56M. The largest seller was Jane Street, exiting entirely with an estimated $1.26M sold.

  • 53 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q2 2017, up from 45 in Q1 2017.
  • Funds reported $98.9M of IQ ARB Merger Arbitrage ETF stock for Q2 2017, up 64% quarter-over-quarter.
  • 14 funds opened new IQ ARB Merger Arbitrage ETF positions in Q2 2017 and 5 closed out, a net change of +9 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q2 2017 was Morgan Stanley, an estimated $9.56M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q2 2017 was Jane Street, an estimated $1.26M sold.

Based on aggregated 13F filings for Q2 2017.