We are live on ! Find out more
MNA icon

IQ ARB Merger Arbitrage ETF
MNA

73 hedge funds and large institutions have $151M invested in IQ ARB Merger Arbitrage ETF in 2025 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 20 increasing their positions, 23 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

86% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 7

7% more funds holding

Funds holding: 68 → 73 (+5)

5% more capital invested

Capital invested by funds: $143M → $151M (+$7.81M)

0.63% more ownership

Funds ownership: 64.31% → 64.94% (+0.63%)

13% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 23

Holders
73
Holders Change
+5
Holders Change %
+7.35%
% of All Funds
0.96%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
20
Reduced
23
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$2.9M
2
Ameriprise
Ameriprise
Minnesota
+$2.47M
3
RL
Retireful LLC
Michigan
+$1.33M
4
Citadel Advisors
Citadel Advisors
Florida
+$1.14M
5
CWM
Congress Wealth Management
Massachusetts
+$725K

Top Sellers

Rank Fund Capital Flow
1
QAM
Q3 Asset Management
Michigan
-$3.8M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$2.16M
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$2.06M
4
NYLIM
New York Life Investment Management
New York
-$1.74M
5
OIA
OneDigital Investment Advisors
Kansas
-$1.11M
Name Holding Trade Value Shares
Change 		Change in
Stake
BCI
26
Brinker Capital Investments
Pennsylvania
$745K +$40.2K +1,158 +6%
CWM
27
Congress Wealth Management
Massachusetts
$737K +$725K +20,886 New
Osaic Holdings
28
Osaic Holdings
Arizona
$702K +$394K +11,357 +133%
FFN
29
Focus Financial Network
Minnesota
$685K +$3.57K +103 +0.5%
KAS
30
Kestra Advisory Services
Texas
$682K +$42K +1,211 +7%
DWAM
31
Duncan Williams Asset Management
Tennessee
$586K – – –
ONB
32
Old National Bancorp
Indiana
$578K -$937 -27 -0.2%
Wells Fargo
33
Wells Fargo
California
$547K +$15.4K +444 +3%
OC
34
Oppenheimer & Co
New York
$536K +$527K +15,184 New
MCM
35
MAI Capital Management
Ohio
$497K -$138K -3,989 -22%
IAN
36
Integrated Advisors Network
Texas
$475K -$1.77K -51 -0.4%
BAM
37
Belpointe Asset Management
Nevada
$373K +$1.42K +41 +0.4%
Rockefeller Capital Management
38
Rockefeller Capital Management
New York
$358K – – –
WAP
39
Wealthcare Advisory Partners
Pennsylvania
$349K +$28.9K +833 +9%
ML
40
McAdam LLC
Pennsylvania
$314K -$16.9K -486 -5%
RF
41
RHS Financial
California
$309K -$69.8K -2,013 -19%
SF
42
Summit Financial
New Jersey
$296K +$88K +2,536 +43%
CMMS
43
Comprehensive Money Management Services
Florida
$265K – – –
DAS
44
Diversify Advisory Services
Utah
$240K – – –
Cetera Investment Advisers
45
Cetera Investment Advisers
Illinois
$237K -$36.7K -1,058 -14%
PFS
46
Prospera Financial Services
Texas
$234K +$6.56K +189 +3%
LFS
47
Legacy Financial Strategies
Kansas
$227K -$7.04K -203 -3%
PWM
48
Perigon Wealth Management
California
$225K +$221K +6,372 New
TSMHT
49
Thurston Springer Miller Herd & Titak
Indiana
$205K +$202K +5,820 New
ETS
50
ESL Trust Services
New York
$183K – – –
1
2
3 4

MNA Hedge Fund Activity: Q2 2025 in Review

73 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q2 2025, worth a combined $151M — up 5.4% from $143M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new MNA positions and 7 closed out — a net gain of 6 holders — while 20 added to existing stakes and 23 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $2.9M. The largest seller was Q3 Asset Management, exiting entirely with an estimated $3.8M sold.

  • 73 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q2 2025, up from 68 in Q1 2025.
  • Funds reported $151M of IQ ARB Merger Arbitrage ETF stock for Q2 2025, up 5.4% quarter-over-quarter.
  • 13 funds opened new IQ ARB Merger Arbitrage ETF positions in Q2 2025 and 7 closed out, a net change of +6 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q2 2025 was Morgan Stanley, an estimated $2.9M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q2 2025 was Q3 Asset Management, an estimated $3.8M sold.

Based on aggregated 13F filings for Q2 2025.