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IQ ARB Merger Arbitrage ETF
MNA

74 hedge funds and large institutions have $316M invested in IQ ARB Merger Arbitrage ETF in 2018 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 33 increasing their positions, 19 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

74% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 19

50% more funds holding in top 10

Funds holding in top 10: 4 → 6 (+2)

27% more capital invested

Capital invested by funds: $248M → $316M (+$67.3M)

6.85% more ownership

Funds ownership: 48.67% → 55.52% (+6.8%)

4% less funds holding

Funds holding: 77 → 74 (-3)

11% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 9

Holders
74
Holders Change
-3
Holders Change %
-3.9%
% of All Funds
1.69%
Holding in Top 10
6
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+50%
% of All Funds
0.14%
New
8
Increased
33
Reduced
19
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BCI
Brinker Capital Investments
Pennsylvania
+$27.9M
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$21.4M
3
CWM
Cornerstone Wealth Management
Missouri
+$7.41M
4
VCM
Verger Capital Management
North Carolina
+$5.96M
5
GT
Greenleaf Trust
Michigan
+$5.88M

Top Sellers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$9.92M
2
HH
Hilltop Holdings
Texas
-$7.18M
3
LPL Financial
LPL Financial
California
-$2.16M
4
VF
Virtu Financial
New York
-$610K
5
Goldman Sachs
Goldman Sachs
New York
-$591K
Name Holding Trade Value Shares
Change 		Change in
Stake
Axa
26
Axa
France
$2.14M +$46K +1,500 +2%
CAN
27
Cetera Advisor Networks
California
$2.01M -$286K -9,323 -12%
Janney Montgomery Scott
28
Janney Montgomery Scott
Pennsylvania
$1.98M +$113K +3,700 +6%
Envestnet Asset Management
29
Envestnet Asset Management
Illinois
$1.96M +$1.21M +39,602 +163%
LNC
30
Lincoln National Corp
Pennsylvania
$1.83M +$198K +6,440 +12%
LFAS
31
Level Four Advisory Services
Texas
$1.19M -$96.1K -3,133 -7%
ACM
32
Aviance Capital Management
Florida
$1.13M -$162K -5,267 -13%
MML Investors Services
33
MML Investors Services
Massachusetts
$885K -$243K -7,928 -22%
PAG
34
Private Advisor Group
New Jersey
$861K +$594K +19,383 +226%
WSTAM
35
Wilbanks Smith & Thomas Asset Management
Virginia
$783K -$1.84K -60 -0.2%
RJFSA
36
Raymond James Financial Services Advisors
Florida
$783K +$63.3K +2,065 +9%
Creative Planning
37
Creative Planning
Kansas
$759K +$758K +24,708 New
AF
38
Advisornet Financial
Minnesota
$712K +$499K +16,255 +235%
FWP
39
FAS Wealth Partners
Kansas
$476K +$7.67K +250 +2%
FAAS
40
First Allied Advisory Services
California
$472K -$13K -424 -3%
ML
41
McAdam LLC
Pennsylvania
$464K +$70.5K +2,298 +18%
BAM
42
Belpointe Asset Management
Nevada
$429K -$236K -7,700 -36%
PWM
43
Paulson Wealth Management
Illinois
$411K – – –
CM
44
Columbus Macro
Pennsylvania
$394K -$8.13K -265 -2%
AG
45
Advisor Group
Arizona
$329K -$338K -11,030 -51%
AA
46
Ancora Advisors
Ohio
$329K – – –
MC
47
Moors & Cabot
Massachusetts
$319K +$320K +10,444 New
FCBT
48
First Citizens Bank & Trust
North Carolina
$309K +$308K +10,050 New
Susquehanna International Group
49
Susquehanna International Group
Pennsylvania
$284K -$9.92M -323,484 -97%
BRF
50
B. Riley Financial
California
$284K +$281K +9,152 New
1
2
3 4

MNA Hedge Fund Activity: Q2 2018 in Review

74 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q2 2018, worth a combined $316M — up 27% from $248M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of MNA and 8 opened new positions — a net loss of 1 holder — while 19 trimmed existing stakes and 33 added.

The largest buyer was Brinker Capital Investments, adding an estimated $27.9M. The largest seller was Susquehanna International Group, cutting an estimated $9.92M.

  • 74 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q2 2018, down from 77 in Q1 2018.
  • Funds reported $316M of IQ ARB Merger Arbitrage ETF stock for Q2 2018, up 27% quarter-over-quarter.
  • 8 funds opened new IQ ARB Merger Arbitrage ETF positions in Q2 2018 and 9 closed out, a net change of -1 holder.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q2 2018 was Brinker Capital Investments, an estimated $27.9M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q2 2018 was Susquehanna International Group, an estimated $9.92M sold.

Based on aggregated 13F filings for Q2 2018.