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IQ ARB Merger Arbitrage ETF
MNA

127 hedge funds and large institutions have $524M invested in IQ ARB Merger Arbitrage ETF in 2020 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 37 increasing their positions, 45 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 13

50% more funds holding in top 10

Funds holding in top 10: 4 → 6 (+2)

9% more funds holding

Funds holding: 117 → 127 (+10)

4% more capital invested

Capital invested by funds: $505M → $524M (+$18.4M)

0.4% less ownership

Funds ownership: 71.35% → 70.94% (-0.4%)

18% less repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 45

Holders
127
Holders Change
+10
Holders Change %
+8.55%
% of All Funds
2.25%
Holding in Top 10
6
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+50%
% of All Funds
0.11%
New
26
Increased
37
Reduced
45
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MCM
Mainstay Capital Management
Michigan
+$23M
2
OIA
OneDigital Investment Advisors
Kansas
+$3.7M
3
WAP
Wealthcare Advisory Partners
Pennsylvania
+$3.47M
4
LFASL
Lugano Financial Advisors SA (LFA)
Switzerland
+$3.18M
5
Bank of America
Bank of America
North Carolina
+$1.91M

Top Sellers

Rank Fund Capital Flow
1
USAA
United Services Automobile Association
Texas
-$8.46M
2
MIA
MainStreet Investment Advisors
Illinois
-$3.04M
3
BCI
Brinker Capital Investments
Pennsylvania
-$2.92M
4
Citadel Advisors
Citadel Advisors
Florida
-$2.52M
5
Wells Fargo
Wells Fargo
California
-$2.18M
Name Holding Trade Value Shares
Change 		Change in
Stake
ST
26
Spinnaker Trust
Maine
$3.42M +$427K +12,586 +14%
MA
27
Modus Advisors
Minnesota
$3.14M +$259K +7,645 +9%
Royal Bank of Canada
28
Royal Bank of Canada
Ontario, Canada
$2.8M -$335K -9,882 -11%
FWP
29
FAS Wealth Partners
Kansas
$2.61M +$370K +10,908 +16%
PAG
30
Private Advisor Group
New Jersey
$2.54M +$634K +18,673 +32%
CWM
31
Curi Wealth Management
North Carolina
$2.29M +$2.34M +68,824 New
Osaic Holdings
32
Osaic Holdings
Arizona
$2.06M -$389K -11,473 -16%
EH
33
Equitable Holdings
New York
$1.91M +$2.38K +70 +0.1%
QAM
34
Q3 Asset Management
Michigan
$1.86M +$1.89M +55,821 New
SFS
35
Sowell Financial Services
Arkansas
$1.75M +$8.72K +257 +0.5%
PWMAG
36
Pinnacle Wealth Management Advisory Group
New Jersey
$1.62M -$267K -7,880 -14%
LPL Financial
37
LPL Financial
California
$1.6M -$75.8K -2,234 -4%
LWAC
38
Laurel Wealth Advisors (California)
California
$1.5M – – –
TWM
39
Tradition Wealth Management
Minnesota
$1.44M +$1.47M +43,240 New
Baird Financial Group
40
Baird Financial Group
Wisconsin
$1.37M +$641K +18,882 +85%
Cambridge Investment Research Advisors
41
Cambridge Investment Research Advisors
Iowa
$1.27M -$862K -25,414 -40%
RJA
42
Raymond James & Associates
Florida
$1.23M -$12K -353 -0.9%
AI
43
Atria Investments
North Carolina
$1.22M -$188K -5,555 -13%
RF
44
RHS Financial
California
$1.16M +$352K +10,364 +42%
CTFG
45
Capstone Triton Financial Group
Oklahoma
$1.04M +$1.06M +31,151 New
P
46
Palladiem
Pennsylvania
$1.01M +$1.03M +30,230 New
CFGS
47
Concourse Financial Group Securities
Alabama
$972K -$103K -3,027 -10%
Cetera Investment Advisers
48
Cetera Investment Advisers
Illinois
$967K +$984K +28,998 New
SB
49
Strategic Blueprint
Georgia
$941K +$958K +28,243 New
NFG
50
Next Financial Group
Texas
$922K -$31.8K -938 -3%
1
2
3 4 5

MNA Hedge Fund Activity: Q4 2020 in Review

127 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q4 2020, worth a combined $524M — up 3.6% from $505M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new MNA positions and 13 closed out — a net gain of 13 holders — while 37 added to existing stakes and 45 trimmed.

The largest buyer was Mainstay Capital Management, opening a new position worth an estimated $23M. The largest seller was United Services Automobile Association, exiting entirely with an estimated $8.46M sold.

  • 127 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q4 2020, up from 117 in Q3 2020.
  • Funds reported $524M of IQ ARB Merger Arbitrage ETF stock for Q4 2020, up 3.6% quarter-over-quarter.
  • 26 funds opened new IQ ARB Merger Arbitrage ETF positions in Q4 2020 and 13 closed out, a net change of +13 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q4 2020 was Mainstay Capital Management, an estimated $23M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q4 2020 was United Services Automobile Association, an estimated $8.46M sold.

Based on aggregated 13F filings for Q4 2020.