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IQ ARB Merger Arbitrage ETF
MNA

74 hedge funds and large institutions have $316M invested in IQ ARB Merger Arbitrage ETF in 2018 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 33 increasing their positions, 19 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

74% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 19

50% more funds holding in top 10

Funds holding in top 10: 4 → 6 (+2)

27% more capital invested

Capital invested by funds: $248M → $316M (+$67.3M)

6.85% more ownership

Funds ownership: 48.67% → 55.52% (+6.8%)

4% less funds holding

Funds holding: 77 → 74 (-3)

11% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 9

Holders
74
Holders Change
-3
Holders Change %
-3.9%
% of All Funds
1.69%
Holding in Top 10
6
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+50%
% of All Funds
0.14%
New
8
Increased
33
Reduced
19
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BCI
Brinker Capital Investments
Pennsylvania
+$27.9M
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$21.4M
3
CWM
Cornerstone Wealth Management
Missouri
+$7.41M
4
VCM
Verger Capital Management
North Carolina
+$5.96M
5
GT
Greenleaf Trust
Michigan
+$5.88M

Top Sellers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$9.92M
2
HH
Hilltop Holdings
Texas
-$7.18M
3
LPL Financial
LPL Financial
California
-$2.16M
4
VF
Virtu Financial
New York
-$610K
5
Goldman Sachs
Goldman Sachs
New York
-$591K
Name Holding Trade Value Shares
Change 		Change in
Stake
IA
51
IFP Advisors
Florida
$243K +$125K +4,086 +106%
MPWT
52
MassMutual Private Wealth & Trust
Connecticut
$234K +$767 +25 +0.3%
MIA
53
MainStreet Investment Advisors
Illinois
$234K +$767 +25 +0.3%
CCM
54
Crabel Capital Management
California
$223K +$20.4K +666 +10%
ATC
55
Argent Trust Co
Tennessee
$211K -$151K -4,920 -42%
Bank of Montreal
56
Bank of Montreal
Ontario, Canada
$79K – – –
LTFS
57
Ladenburg Thalmann Financial Services
Florida
$48K – – –
UBS Group
58
UBS Group
Switzerland
$38K – – –
FFW
59
Fusion Family Wealth
New York
$32K -$41.9K -1,367 -57%
RFC
60
Regions Financial Corp
Alabama
$28K – – –
ASN
61
Advisory Services Network
Georgia
$25K -$56K -1,826 -69%
RCAG
62
Rehmann Capital Advisory Group
Michigan
$21.9K – – –
VNA
63
Valley National Advisers
Pennsylvania
$15K – – –
PFGIA
64
Patriot Financial Group Insurance Agency
Massachusetts
$14K – – –
Manulife (Manufacturers Life Insurance)
65
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$12K +$1.69K +55 +17%
WWMSC
66
Wagner Wealth Management (South Carolina)
South Carolina
$10K -$23K -750 -70%
Citigroup
67
Citigroup
New York
$9K +$276 +9 +3%
NR
68
Newfound Research
Massachusetts
$4K – – –
CWA
69
Clarus Wealth Advisors
Arizona
$4K +$3.86K +126 New
BBPWM
70
Blue Bell Private Wealth Management
Pennsylvania
$3K – – –
LWA
71
Lenox Wealth Advisors
New York
$2K – – –
TFA
72
Transamerica Financial Advisors
Florida
$1K – – –
AFNAS
73
American Financial Network Advisory Services
California
$808 +$123 +4 +4%
HH
74
Hilltop Holdings
Texas
– -$7.18M -233,574 Closed
VF
75
Virtu Financial
New York
– -$610K -19,834 Closed
1 2
3
4

MNA Hedge Fund Activity: Q2 2018 in Review

74 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q2 2018, worth a combined $316M — up 27% from $248M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of MNA and 8 opened new positions — a net loss of 1 holder — while 19 trimmed existing stakes and 33 added.

The largest buyer was Brinker Capital Investments, adding an estimated $27.9M. The largest seller was Susquehanna International Group, cutting an estimated $9.92M.

  • 74 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q2 2018, down from 77 in Q1 2018.
  • Funds reported $316M of IQ ARB Merger Arbitrage ETF stock for Q2 2018, up 27% quarter-over-quarter.
  • 8 funds opened new IQ ARB Merger Arbitrage ETF positions in Q2 2018 and 9 closed out, a net change of -1 holder.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q2 2018 was Brinker Capital Investments, an estimated $27.9M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q2 2018 was Susquehanna International Group, an estimated $9.92M sold.

Based on aggregated 13F filings for Q2 2018.