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IQ ARB Merger Arbitrage ETF
MNA

119 hedge funds and large institutions have $396M invested in IQ ARB Merger Arbitrage ETF in 2022 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 28 increasing their positions, 46 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

140% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 10

12% more funds holding

Funds holding: 106 → 119 (+13)

1.26% more ownership

Funds ownership: 76.29% → 77.55% (+1.3%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

6% less capital invested

Capital invested by funds: $421M → $396M (-$25.3M)

39% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 46

Holders
119
Holders Change
+13
Holders Change %
+12.26%
% of All Funds
1.91%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
24
Increased
28
Reduced
46
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$10.5M
2
CF
Cantor Fitzgerald
New York
+$5.97M
3
LPL Financial
LPL Financial
California
+$5.34M
4
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$4.18M
5
AF
Allworth Financial
California
+$2.92M

Top Sellers

Rank Fund Capital Flow
1
OIA
OneDigital Investment Advisors
Kansas
-$27M
2
AL
Aspiriant LLC
California
-$20M
3
SC
Savant Capital
Illinois
-$5.02M
4
Ameriprise
Ameriprise
Minnesota
-$3.15M
5
DWM
Darwin Wealth Management
Florida
-$2.17M
Name Holding Trade Value Shares
Change 		Change in
Stake
PA
26
Pinnacle Associates
New York
$3.08M -$509K -16,170 -14%
AF
27
Allworth Financial
California
$2.98M +$2.92M +92,674 +7,414%
MA
28
Modus Advisors
Minnesota
$2.88M -$1.19M -37,901 -29%
EA
29
Eudaimonia Advisors
Tennessee
$2.86M -$384K -12,213 -12%
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$2.81M +$554K +17,615 +25%
AL
31
ACAS LLC
California
$1.69M +$1.67M +53,191 New
P
32
Palladiem
Pennsylvania
$1.5M – – –
LWAC
33
Laurel Wealth Advisors (California)
California
$1.42M – – –
PWMAG
34
Pinnacle Wealth Management Advisory Group
New Jersey
$1.38M -$278K -8,845 -17%
Osaic Holdings
35
Osaic Holdings
Arizona
$1.33M +$125K +3,978 +11%
AllianceBernstein
36
AllianceBernstein
Tennessee
$1.31M -$1.05M -33,300 -45%
Mirae Asset Global Investments
37
Mirae Asset Global Investments
South Korea
$1.31M -$1.05M -33,300 -45%
EP
38
Eudaimonia Partners
Tennessee
$1.2M -$67.1K -2,132 -5%
MIA
39
MainStreet Investment Advisors
Illinois
$1.08M -$310K -9,838 -22%
USAA
40
United Services Automobile Association
Texas
$1.07M -$54K -1,717 -5%
RJA
41
Raymond James & Associates
Florida
$1.02M -$2.3K -73 -0.2%
KAS
42
Kestra Advisory Services
Texas
$986K +$419K +13,318 +75%
RJFSA
43
Raymond James Financial Services Advisors
Florida
$979K – – –
OPS
44
Orion Portfolio Solutions
Nebraska
$864K -$503K -15,973 -37%
Mercer Global Advisors
45
Mercer Global Advisors
Colorado
$846K +$69.9K +2,222 +9%
CAAM
46
Cornerstone Advisors Asset Management
Pennsylvania
$810K +$804K +25,543 New
CG
47
Colony Group
Massachusetts
$793K +$131K +4,177 +20%
IA
48
IFP Advisors
Florida
$781K -$67K -2,128 -7%
CG
49
Caprock Group
Idaho
$747K – – –
PAS
50
Park Avenue Securities
New York
$698K +$443K +14,069 +178%
1
2
3 4 5

MNA Hedge Fund Activity: Q4 2022 in Review

119 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q4 2022, worth a combined $396M — down 6% from $421M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new MNA positions and 10 closed out — a net gain of 14 holders — while 28 added to existing stakes and 46 trimmed.

The largest buyer was Jane Street, adding an estimated $10.5M. The largest seller was OneDigital Investment Advisors, cutting an estimated $27M.

  • 119 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q4 2022, up from 106 in Q3 2022.
  • Funds reported $396M of IQ ARB Merger Arbitrage ETF stock for Q4 2022, down 6% quarter-over-quarter.
  • 24 funds opened new IQ ARB Merger Arbitrage ETF positions in Q4 2022 and 10 closed out, a net change of +14 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q4 2022 was Jane Street, an estimated $10.5M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q4 2022 was OneDigital Investment Advisors, an estimated $27M sold.

Based on aggregated 13F filings for Q4 2022.