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IQ ARB Merger Arbitrage ETF
MNA

72 hedge funds and large institutions have $147M invested in IQ ARB Merger Arbitrage ETF in 2024 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 19 increasing their positions, 26 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 11

6% more funds holding

Funds holding: 68 → 72 (+4)

4.78% less ownership

Funds ownership: 71.66% → 66.89% (-4.8%)

24% less capital invested

Capital invested by funds: $192M → $147M (-$45.4M)

27% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 26

Holders
72
Holders Change
+4
Holders Change %
+5.88%
% of All Funds
0.95%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
16
Increased
19
Reduced
26
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MCM
MAI Capital Management
Ohio
+$1.62M
2
RL
Retireful LLC
Michigan
+$808K
3
Jane Street
Jane Street
New York
+$683K
4
Citadel Advisors
Citadel Advisors
Florida
+$671K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$411K

Top Sellers

Rank Fund Capital Flow
1
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$31.1M
2
BRWA
B. Riley Wealth Advisors
Florida
-$6.44M
3
QAM
Q3 Asset Management
Michigan
-$5.14M
4
NYLIM
New York Life Investment Management
New York
-$2.16M
5
Bank of America
Bank of America
North Carolina
-$1.68M
Name Holding Trade Value Shares
Change 		Change in
Stake
OPS
26
Orion Portfolio Solutions
Nebraska
$694K +$103K +3,150 +18%
Jane Street
27
Jane Street
New York
$685K +$683K +20,782 New
Citadel Advisors
28
Citadel Advisors
Florida
$674K +$671K +20,436 New
FFN
29
Focus Financial Network
Minnesota
$620K +$12.4K +378 +2%
KAS
30
Kestra Advisory Services
Texas
$607K -$22.7K -692 -4%
DWAM
31
Duncan Williams Asset Management
Tennessee
$560K +$12.8K +390 +2%
ONB
32
Old National Bancorp
Indiana
$543K +$9.07K +276 +2%
Wells Fargo
33
Wells Fargo
California
$503K +$63K +1,919 +14%
IAN
34
Integrated Advisors Network
Texas
$492K +$38.4K +1,168 +8%
RF
35
RHS Financial
California
$461K -$40.1K -1,221 -8%
Osaic Holdings
36
Osaic Holdings
Arizona
$448K +$41.1K +1,252 +10%
WAP
37
Wealthcare Advisory Partners
Pennsylvania
$432K -$114K -3,469 -21%
Susquehanna International Group
38
Susquehanna International Group
Pennsylvania
$412K +$411K +12,501 New
Rockefeller Capital Management
39
Rockefeller Capital Management
New York
$335K +$334K +10,162 New
ML
40
McAdam LLC
Pennsylvania
$327K +$18K +547 +6%
AAS
41
Avantax Advisory Services
Texas
$305K +$304K +9,247 New
LFS
42
Legacy Financial Strategies
Kansas
$282K -$54K -1,643 -16%
NWM
43
Napa Wealth Management
California
$281K -$670K -20,407 -71%
Cetera Investment Advisers
44
Cetera Investment Advisers
Illinois
$259K +$11.5K +349 +5%
CMMS
45
Comprehensive Money Management Services
Florida
$258K +$257K +7,826 New
MML Investors Services
46
MML Investors Services
Massachusetts
$255K -$57.3K -1,745 -18%
Cambridge Investment Research Advisors
47
Cambridge Investment Research Advisors
Iowa
$233K +$7.56K +230 +3%
PFS
48
Prospera Financial Services
Texas
$227K +$226K +6,879 New
DAS
49
Diversify Advisory Services
Utah
$224K – – –
ETS
50
ESL Trust Services
New York
$191K – – –
1
2
3 4

MNA Hedge Fund Activity: Q4 2024 in Review

72 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q4 2024, worth a combined $147M — down 24% from $192M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new MNA positions and 11 closed out — a net gain of 5 holders — while 19 added to existing stakes and 26 trimmed.

The largest buyer was MAI Capital Management, opening a new position worth an estimated $1.62M. The largest seller was Manulife (Manufacturers Life Insurance), exiting entirely with an estimated $31.1M sold.

  • 72 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q4 2024, up from 68 in Q3 2024.
  • Funds reported $147M of IQ ARB Merger Arbitrage ETF stock for Q4 2024, down 24% quarter-over-quarter.
  • 16 funds opened new IQ ARB Merger Arbitrage ETF positions in Q4 2024 and 11 closed out, a net change of +5 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q4 2024 was MAI Capital Management, an estimated $1.62M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q4 2024 was Manulife (Manufacturers Life Insurance), an estimated $31.1M sold.

Based on aggregated 13F filings for Q4 2024.