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IQ ARB Merger Arbitrage ETF
MNA

136 hedge funds and large institutions have $516M invested in IQ ARB Merger Arbitrage ETF in 2020 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 46 increasing their positions, 54 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.58% more ownership

Funds ownership: 68.25% → 68.83% (+0.58%)

4% less funds holding

Funds holding: 142 → 136 (-6)

15% less repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 54

16% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 25

18% less funds holding in top 10

Funds holding in top 10: 11 → 9 (-2)

19% less capital invested

Capital invested by funds: $633M → $516M (-$117M)

Holders
136
Holders Change
-6
Holders Change %
-4.23%
% of All Funds
3%
Holding in Top 10
9
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-18.18%
% of All Funds
0.2%
New
21
Increased
46
Reduced
54
Closed
25
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
OPS
Orion Portfolio Solutions
Nebraska
+$10.7M
2
AllianceBernstein
AllianceBernstein
Tennessee
+$7.26M
3
OIA
OneDigital Investment Advisors
Kansas
+$3.24M
4
BFG
Barber Financial Group
Kansas
+$1.6M
5
LWAC
Laurel Wealth Advisors (California)
California
+$1.45M

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$12.1M
2
WCWM
Wooster Corthell Wealth Management
Connecticut
-$10.1M
3
HighTower Advisors
HighTower Advisors
Illinois
-$8.25M
4
BCA
Biltmore Capital Advisors
New Jersey
-$7.34M
5
GWAG
Garrett Wealth Advisory Group
Texas
-$7.18M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$3.6M -$1.53M -47,382 -28%
UWM
27
USAdvisors Wealth Management
Minnesota
$3.49M -$382K -11,808 -9%
FWP
28
FAS Wealth Partners
Kansas
$3.37M +$324K +10,035 +10%
IDA
29
Intelligence Driven Advisers
California
$3.22M +$656K +20,306 +23%
Cambridge Investment Research Advisors
30
Cambridge Investment Research Advisors
Iowa
$2.97M -$4.48M -138,708 -58%
Osaic Holdings
31
Osaic Holdings
Arizona
$2.88M +$3.11M +96,193 New
PAG
32
Private Advisor Group
New Jersey
$2.85M -$2.47M -76,287 -45%
CF
33
Centaurus Financial
California
$2.43M +$1.01M +31,121 +63%
HighTower Advisors
34
HighTower Advisors
Illinois
$2.18M -$8.25M -255,203 -78%
LPL Financial
35
LPL Financial
California
$2.14M -$1.67M -51,800 -42%
EH
36
Equitable Holdings
New York
$2.03M -$12.8K -397 -0.6%
AI
37
Atria Investments
North Carolina
$2.01M -$619K -19,135 -22%
BFG
38
Barber Financial Group
Kansas
$1.96M +$1.6M +49,480 +320%
LFASL
39
Lugano Financial Advisors SA (LFA)
Switzerland
$1.79M -$5.13M -158,642 -75%
PWMAG
40
Pinnacle Wealth Management Advisory Group
New Jersey
$1.68M -$199K -6,165 -10%
ST
41
Spinnaker Trust
Maine
$1.68M +$184K +5,685 +11%
SFS
42
Sowell Financial Services
Arkansas
$1.66M -$114K -3,530 -6%
Jane Street
43
Jane Street
New York
$1.55M +$1.27M +39,437 +325%
RFWA
44
RPg Family Wealth Advisory
Massachusetts
$1.51M +$36.3K +1,123 +2%
Baird Financial Group
45
Baird Financial Group
Wisconsin
$1.45M +$515K +15,936 +50%
FFN
46
Focus Financial Network
Minnesota
$1.39M +$26.7K +827 +2%
LWAC
47
Laurel Wealth Advisors (California)
California
$1.35M +$1.45M +44,876 New
FFA
48
First Foundation Advisors
California
$1.32M -$2.34M -72,472 -62%
TSS
49
Two Sigma Securities
New York
$1.24M +$1.33M +41,010 New
FAAS
50
First Allied Advisory Services
California
$1.04M -$16.3K -505 -1%
1
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3 4 5

MNA Hedge Fund Activity: Q1 2020 in Review

136 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q1 2020, worth a combined $516M — down 19% from $633M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of MNA and 21 opened new positions — a net loss of 4 holders — while 54 trimmed existing stakes and 46 added.

The largest buyer was Orion Portfolio Solutions, opening a new position worth an estimated $10.7M. The largest seller was Wells Fargo, cutting an estimated $12.1M.

  • 136 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q1 2020, down from 142 in Q4 2019.
  • Funds reported $516M of IQ ARB Merger Arbitrage ETF stock for Q1 2020, down 19% quarter-over-quarter.
  • 21 funds opened new IQ ARB Merger Arbitrage ETF positions in Q1 2020 and 25 closed out, a net change of -4 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q1 2020 was Orion Portfolio Solutions, an estimated $10.7M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q1 2020 was Wells Fargo, an estimated $12.1M sold.

Based on aggregated 13F filings for Q1 2020.