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IQ ARB Merger Arbitrage ETF
MNA

115 hedge funds and large institutions have $552M invested in IQ ARB Merger Arbitrage ETF in 2018 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 42 increasing their positions, 24 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

333% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 9

117% more funds holding in top 10

Funds holding in top 10: 6 → 13 (+7)

75% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 24

49% more capital invested

Capital invested by funds: $371M → $552M (+$181M)

34% more funds holding

Funds holding: 86 → 115 (+29)

6.91% more ownership

Funds ownership: 59.82% → 66.73% (+6.9%)

Holders
115
Holders Change
+29
Holders Change %
+33.72%
% of All Funds
2.56%
Holding in Top 10
13
Holding in Top 10 Change
+7
Holding in Top 10 Change %
+116.67%
% of All Funds
0.29%
New
39
Increased
42
Reduced
24
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$19M
2
Morgan Stanley
Morgan Stanley
New York
+$16.1M
3
Wells Fargo
Wells Fargo
California
+$16M
4
PP
Prudential plc
United Kingdom
+$10.7M
5
UWM
USAdvisors Wealth Management
Minnesota
+$10.2M

Top Sellers

Rank Fund Capital Flow
1
OIA
OneDigital Investment Advisors
Kansas
-$1.77M
2
NAM
NorthCoast Asset Management
Connecticut
-$1.47M
3
Jane Street
Jane Street
New York
-$1.29M
4
CFA
Carroll Financial Associates
North Carolina
-$651K
5
CWM
Cornerstone Wealth Management
Missouri
-$581K
Name Holding Trade Value Shares
Change 		Change in
Stake
FWP
51
FAS Wealth Partners
Kansas
$973K +$87K +2,740 +10%
RF
52
RHS Financial
California
$965K +$966K +30,435 New
MIAN
53
Mariner Independent Advisor Network
Kansas
$928K +$19K +598 +2%
ACM
54
Aviance Capital Management
Florida
$876K -$151K -4,745 -15%
CWM
55
Cornerstone Wealth Management
Missouri
$829K -$581K -18,306 -41%
VCM
56
Verger Capital Management
North Carolina
$822K +$153K +4,815 +23%
WSTAM
57
Wilbanks Smith & Thomas Asset Management
Virginia
$808K -$2.51K -79 -0.3%
AFNAS
58
American Financial Network Advisory Services
California
$767K -$59K -1,857 -7%
IWM
59
IHT Wealth Management
Illinois
$766K +$767K +24,159 New
RJFSA
60
Raymond James Financial Services Advisors
Florida
$760K -$349 -11 -0%
AG
61
Advisor Group
Arizona
$663K +$168K +5,275 +34%
SFS
62
Sowell Financial Services
Arkansas
$656K +$657K +20,689 New
WIA
63
World Investment Advisors
California
$614K +$614K +19,351 New
Goldman Sachs
64
Goldman Sachs
New York
$608K -$349 -11 -0.1%
FFA
65
First Foundation Advisors
California
$581K +$137K +4,329 +31%
ACM
66
Allred Capital Management
Texas
$544K +$545K +17,174 New
ML
67
McAdam LLC
Pennsylvania
$520K +$12.1K +381 +2%
SWP
68
Stratos Wealth Partners
Ohio
$500K +$501K +15,775 New
FAAS
69
First Allied Advisory Services
California
$473K -$8.45K -266 -2%
BAM
70
Belpointe Asset Management
Nevada
$452K +$38.5K +1,213 +9%
LFAS
71
Level Four Advisory Services
Texas
$450K -$76.1K -2,398 -14%
AIM
72
Advantage Investment Management
Iowa
$423K +$423K +13,336 New
PWM
73
Paulson Wealth Management
Illinois
$420K -$6.35K -200 -1%
AGA
74
Accuvest Global Advisors
Utah
$420K +$135K +4,246 +47%
FWM
75
Frontier Wealth Management
Missouri
$408K +$42.3K +1,331 +12%
1 2
3
4 5

MNA Hedge Fund Activity: Q4 2018 in Review

115 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q4 2018, worth a combined $552M — up 49% from $371M a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new MNA positions and 9 closed out — a net gain of 30 holders — while 42 added to existing stakes and 24 trimmed.

The largest buyer was Manulife (Manufacturers Life Insurance), opening a new position worth an estimated $19M. The largest seller was OneDigital Investment Advisors, cutting an estimated $1.77M.

  • 115 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q4 2018, up from 86 in Q3 2018.
  • Funds reported $552M of IQ ARB Merger Arbitrage ETF stock for Q4 2018, up 49% quarter-over-quarter.
  • 39 funds opened new IQ ARB Merger Arbitrage ETF positions in Q4 2018 and 9 closed out, a net change of +30 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q4 2018 was Manulife (Manufacturers Life Insurance), an estimated $19M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q4 2018 was OneDigital Investment Advisors, an estimated $1.77M sold.

Based on aggregated 13F filings for Q4 2018.