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IQ ARB Merger Arbitrage ETF
MNA

122 hedge funds and large institutions have $520M invested in IQ ARB Merger Arbitrage ETF in 2021 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 42 increasing their positions, 38 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 38

3.9% more ownership

Funds ownership: 74.46% → 78.36% (+3.9%)

4% less capital invested

Capital invested by funds: $543M → $520M (-$23.2M)

5% less funds holding

Funds holding: 129 → 122 (-7)

13% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 24

40% less funds holding in top 10

Funds holding in top 10: 5 → 3 (-2)

Holders
122
Holders Change
-7
Holders Change %
-5.43%
% of All Funds
1.88%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.05%
New
21
Increased
42
Reduced
38
Closed
24
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GT
Greenleaf Trust
Michigan
+$18.4M
2
AF
Allworth Financial
California
+$14.5M
3
BCI
Brinker Capital Investments
Pennsylvania
+$10.8M
4
OIA
OneDigital Investment Advisors
Kansas
+$4.49M
5
MIA
MainStreet Investment Advisors
Illinois
+$1.73M

Top Sellers

Rank Fund Capital Flow
1
CFIA
Cantor Fitzgerald Investment Advisors
New York
-$8.22M
2
Ameriprise
Ameriprise
Minnesota
-$6.22M
3
LFASL
Lugano Financial Advisors SA (LFA)
Switzerland
-$6.06M
4
ST
Spinnaker Trust
Maine
-$4.43M
5
FWP
FAS Wealth Partners
Kansas
-$3.39M
Name Holding Trade Value Shares
Change 		Change in
Stake
AllianceBernstein
26
AllianceBernstein
Tennessee
$3.26M -$1.19M -36,670 -27%
Mirae Asset Global Investments
27
Mirae Asset Global Investments
South Korea
$3.26M -$1.19M -36,670 -27%
OAM
28
Oppenheimer Asset Management
New York
$3.14M -$29.7K -913 -0.9%
EH
29
Equitable Holdings
New York
$2.88M -$8.13K -250 -0.3%
Osaic Holdings
30
Osaic Holdings
Arizona
$2.85M +$136K +4,188 +5%
AAS
31
Ameritas Advisory Services
Nebraska
$2.03M +$2.05M +62,867 New
AL
32
ACAS LLC
California
$1.8M -$11.7K -361 -0.6%
PWMAG
33
Pinnacle Wealth Management Advisory Group
New Jersey
$1.79M -$428K -13,158 -19%
Bank of New York Mellon
34
Bank of New York Mellon
New York
$1.75M +$5.24K +161 +0.3%
MIA
35
MainStreet Investment Advisors
Illinois
$1.72M +$1.73M +53,280 New
SFS
36
Sowell Financial Services
Arkansas
$1.69M -$5.47K -168 -0.3%
AI
37
Atria Investments
North Carolina
$1.69M +$20.9K +642 +1%
AL
38
Aspiriant LLC
California
$1.69M +$619K +19,021 +57%
USAA
39
United Services Automobile Association
Texas
$1.58M -$297K -9,135 -16%
LWAC
40
Laurel Wealth Advisors (California)
California
$1.45M – – –
Goldman Sachs
41
Goldman Sachs
New York
$1.44M +$1.45M +44,653 New
Cambridge Investment Research Advisors
42
Cambridge Investment Research Advisors
Iowa
$1.39M +$34K +1,046 +2%
P
43
Palladiem
Pennsylvania
$1.31M – – –
RJA
44
Raymond James & Associates
Florida
$1.28M -$26.3K -807 -2%
Mercer Global Advisors
45
Mercer Global Advisors
Colorado
$1.26M -$138K -4,233 -10%
APA
46
Astoria Portfolio Advisors
New York
$1.25M +$1.26M +38,752 New
WGCA
47
Wolf Group Capital Advisors
Virginia
$1.15M +$759K +23,311 +191%
PAG
48
Private Advisor Group
New Jersey
$1.08M -$227K -6,990 -17%
CTFG
49
Capstone Triton Financial Group
Oklahoma
$1.02M +$53.2K +1,635 +5%
Royal Bank of Canada
50
Royal Bank of Canada
Ontario, Canada
$1.01M -$2.9K -89 -0.3%
1
2
3 4 5

MNA Hedge Fund Activity: Q4 2021 in Review

122 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q4 2021, worth a combined $520M — down 4.3% from $543M a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of MNA and 21 opened new positions — a net loss of 3 holders — while 38 trimmed existing stakes and 42 added.

The largest buyer was Greenleaf Trust, adding an estimated $18.4M. The largest seller was Cantor Fitzgerald Investment Advisors, cutting an estimated $8.22M.

  • 122 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q4 2021, down from 129 in Q3 2021.
  • Funds reported $520M of IQ ARB Merger Arbitrage ETF stock for Q4 2021, down 4.3% quarter-over-quarter.
  • 21 funds opened new IQ ARB Merger Arbitrage ETF positions in Q4 2021 and 24 closed out, a net change of -3 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q4 2021 was Greenleaf Trust, an estimated $18.4M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q4 2021 was Cantor Fitzgerald Investment Advisors, an estimated $8.22M sold.

Based on aggregated 13F filings for Q4 2021.