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IQ ARB Merger Arbitrage ETF
MNA

86 hedge funds and large institutions have $371M invested in IQ ARB Merger Arbitrage ETF in 2018 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 27 increasing their positions, 28 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

186% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 7

17% more capital invested

Capital invested by funds: $316M → $371M (+$54.9M)

16% more funds holding

Funds holding: 74 → 86 (+12)

4.3% more ownership

Funds ownership: 55.52% → 59.82% (+4.3%)

0% more funds holding in top 10

Funds holding in top 10: 6 → 6 (0)

4% less repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 28

Holders
86
Holders Change
+12
Holders Change %
+16.22%
% of All Funds
1.97%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.14%
New
20
Increased
27
Reduced
28
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GT
Greenleaf Trust
Michigan
+$25.4M
2
WP
WealthPLAN Partners
Nebraska
+$18.3M
3
NAM
NorthCoast Asset Management
Connecticut
+$6.82M
4
Morgan Stanley
Morgan Stanley
New York
+$2.65M
5
QAM
Q3 Asset Management
Michigan
+$1.88M

Top Sellers

Rank Fund Capital Flow
1
CWM
Cornerstone Wealth Management
Missouri
-$6.18M
2
VCM
Verger Capital Management
North Carolina
-$6.08M
3
PCP
Proficio Capital Partners
Massachusetts
-$2.32M
4
LPL Financial
LPL Financial
California
-$2.22M
5
CCMG
Clark Capital Management Group
Pennsylvania
-$1.34M
Name Holding Trade Value Shares
Change 		Change in
Stake
Janney Montgomery Scott
26
Janney Montgomery Scott
Pennsylvania
$2.1M +$50.5K +1,611 +3%
CAN
27
Cetera Advisor Networks
California
$1.98M -$96.1K -3,067 -5%
QAM
28
Q3 Asset Management
Michigan
$1.9M +$1.88M +59,944 New
Envestnet Asset Management
29
Envestnet Asset Management
Illinois
$1.87M -$157K -5,011 -8%
PAG
30
Private Advisor Group
New Jersey
$1.51M +$618K +19,718 +71%
CWM
31
Cornerstone Wealth Management
Missouri
$1.45M -$6.18M -197,155 -82%
Jane Street
32
Jane Street
New York
$1.29M -$1.21M -38,525 -49%
ACM
33
Aviance Capital Management
Florida
$1.03M -$137K -4,382 -12%
AF
34
Advisornet Financial
Minnesota
$1M +$262K +8,347 +36%
PP
35
Prudential plc
United Kingdom
$985K +$971K +31,000 New
DP
36
Denver PWM
Colorado
$929K +$913K +29,146 New
MIAN
37
Mariner Independent Advisor Network
Kansas
$903K +$891K +28,435 New
FWP
38
FAS Wealth Partners
Kansas
$887K +$389K +12,418 +80%
MML Investors Services
39
MML Investors Services
Massachusetts
$844K -$70.8K -2,259 -8%
AFNAS
40
American Financial Network Advisory Services
California
$827K +$813K +25,939 +24,704%
WSTAM
41
Wilbanks Smith & Thomas Asset Management
Virginia
$812K +$1.72K +55 +0.2%
RJFSA
42
Raymond James Financial Services Advisors
Florida
$762K -$47.7K -1,523 -6%
VCM
43
Verger Capital Management
North Carolina
$671K -$6.08M -194,185 -90%
Goldman Sachs
44
Goldman Sachs
New York
$609K +$601K +19,181 New
LFAS
45
Level Four Advisory Services
Texas
$527K -$699K -22,308 -57%
ML
46
McAdam LLC
Pennsylvania
$507K +$28.6K +912 +6%
AG
47
Advisor Group
Arizona
$498K +$155K +4,939 +46%
FAAS
48
First Allied Advisory Services
California
$481K -$4.2K -134 -0.9%
FFA
49
First Foundation Advisors
California
$445K +$439K +14,008 New
PWM
50
Paulson Wealth Management
Illinois
$425K – – –
1
2
3 4

MNA Hedge Fund Activity: Q3 2018 in Review

86 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q3 2018, worth a combined $371M — up 17% from $316M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new MNA positions and 7 closed out — a net gain of 13 holders — while 27 added to existing stakes and 28 trimmed.

The largest buyer was Greenleaf Trust, adding an estimated $25.4M. The largest seller was Cornerstone Wealth Management, cutting an estimated $6.18M.

  • 86 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q3 2018, up from 74 in Q2 2018.
  • Funds reported $371M of IQ ARB Merger Arbitrage ETF stock for Q3 2018, up 17% quarter-over-quarter.
  • 20 funds opened new IQ ARB Merger Arbitrage ETF positions in Q3 2018 and 7 closed out, a net change of +13 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q3 2018 was Greenleaf Trust, an estimated $25.4M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q3 2018 was Cornerstone Wealth Management, an estimated $6.18M sold.

Based on aggregated 13F filings for Q3 2018.