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IQ ARB Merger Arbitrage ETF

124 hedge funds and large institutions have $706M invested in IQ ARB Merger Arbitrage ETF in 2019 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 50 increasing their positions, 30 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 30

41% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 22

28% more capital invested

Capital invested by funds: $552M → $706M (+$154M)

23% more funds holding in top 10

Funds holding in top 10: 1316 (+3)

8% more funds holding

Funds holding: 115124 (+9)

4.13% more ownership

Funds ownership: 66.73%70.86% (+4.1%)

Holders
124
Holders Change
+9
Holders Change %
+7.83%
% of All Funds
2.68%
Holding in Top 10
16
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+23.08%
% of All Funds
0.35%
New
31
Increased
50
Reduced
30
Closed
22
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
PP
26
Prudential plc
United Kingdom
$8.35M -$3.39M -105,800 -29%
BRWM
27
B. Riley Wealth Management
Tennessee
$7.95M +$1.09M +34,082 +16%
BCA
28
Biltmore Capital Advisors
New Jersey
$6.91M +$6.93M +216,412 New
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$6.76M +$2.57M +80,105 +61%
JF
30
JSF Financial
California
$6.49M +$568K +17,738 +10%
SAM
31
Stringer Asset Management
Tennessee
$5.98M +$23.9K +747 +0.4%
PAG
32
Private Advisor Group
New Jersey
$5.11M +$377K +11,751 +8%
PA
33
Pinnacle Associates
New York
$5.09M +$433K +13,525 +9%
FMBTD
34
First Midwest Bank Trust Division
Illinois
$5.03M +$330K +10,290 +7%
NAM
35
NorthCoast Asset Management
Connecticut
$5.01M -$467K -14,562 -8%
CCMG
36
Clark Capital Management Group
Pennsylvania
$4.58M +$1.49M +46,570 +48%
LPL Financial
37
LPL Financial
California
$4.32M -$817K -25,481 -16%
CFA
38
Carroll Financial Associates
North Carolina
$4.14M -$8.72K -272 -0.2%
Janney Montgomery Scott
39
Janney Montgomery Scott
Pennsylvania
$3.39M -$30.4K -948 -0.9%
CFGS
40
Concourse Financial Group Securities
Alabama
$3.03M +$2.9M +90,417 +2,007%
LTFS
41
Ladenburg Thalmann Financial Services
Florida
$2.63M +$2.43M +75,809 +1,140%
RFWA
42
RPg Family Wealth Advisory
Massachusetts
$2.62M +$2.63M +82,103 New
AI
43
Atria Investments
North Carolina
$2.62M +$1.55M +48,439 +145%
FWP
44
FAS Wealth Partners
Kansas
$2.4M +$1.42M +44,391 +145%
LNC
45
Lincoln National Corp
Pennsylvania
$2.32M +$262K +8,184 +13%
DP
46
Denver PWM
Colorado
$2.2M +$1.1M +34,194 +99%
Axa
47
Axa
France
$2.17M +$56.1K +1,750 +3%
CAN
48
Cetera Advisor Networks
California
$1.9M -$40.9K -1,275 -2%
MML Investors Services
49
MML Investors Services
Massachusetts
$1.83M +$518K +16,159 +39%
SFS
50
Sowell Financial Services
Arkansas
$1.78M +$1.13M +35,161 +170%

MNA Hedge Fund Activity: Q1 2019 in Review

124 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q1 2019, worth a combined $706M — up 28% from $552M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new MNA positions and 22 closed out — a net gain of 9 holders — while 50 added to existing stakes and 30 trimmed.

The largest buyer was Cantor Fitzgerald Investment Advisors, opening a new position worth an estimated $36.3M. The largest seller was Ameriprise, cutting an estimated $26.7M.

  • 124 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q1 2019, up from 115 in Q4 2018.
  • Funds reported $706M of IQ ARB Merger Arbitrage ETF stock for Q1 2019, up 28% quarter-over-quarter.
  • 31 funds opened new IQ ARB Merger Arbitrage ETF positions in Q1 2019 and 22 closed out, a net change of +9 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q1 2019 was Cantor Fitzgerald Investment Advisors, an estimated $36.3M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q1 2019 was Ameriprise, an estimated $26.7M sold.

Based on aggregated 13F filings for Q1 2019.