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IQ ARB Merger Arbitrage ETF
MNA

124 hedge funds and large institutions have $706M invested in IQ ARB Merger Arbitrage ETF in 2019 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 50 increasing their positions, 30 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 30

41% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 22

28% more capital invested

Capital invested by funds: $552M → $706M (+$154M)

23% more funds holding in top 10

Funds holding in top 10: 13 → 16 (+3)

8% more funds holding

Funds holding: 115 → 124 (+9)

4.13% more ownership

Funds ownership: 66.73% → 70.86% (+4.1%)

Holders
124
Holders Change
+9
Holders Change %
+7.83%
% of All Funds
2.68%
Holding in Top 10
16
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+23.08%
% of All Funds
0.35%
New
31
Increased
50
Reduced
30
Closed
22
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CFIA
Cantor Fitzgerald Investment Advisors
New York
+$36.3M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$26.4M
3
EMPI
Elo Mutual Pension Insurance
Finland
+$20M
4
WCWM
Wooster Corthell Wealth Management
Connecticut
+$13M
5
Morgan Stanley
Morgan Stanley
New York
+$11.9M

Top Sellers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
-$26.7M
2
BO
BRR OpCo
Ohio
-$4.31M
3
MWC
MKD Wealth Coaches
Michigan
-$3.7M
4
PP
Prudential plc
United Kingdom
-$3.39M
5
Citadel Advisors
Citadel Advisors
Florida
-$3.25M
Name Holding Trade Value Shares
Change 		Change in
Stake
PWMAG
51
Pinnacle Wealth Management Advisory Group
New Jersey
$1.74M +$409K +12,750 +31%
PO
52
Private Ocean
California
$1.57M +$1.57M +49,100 New
HighTower Advisors
53
HighTower Advisors
Illinois
$1.42M -$1.89M -58,917 -57%
CWM
54
Cornerstone Wealth Management
Missouri
$1.16M -$22.3K -695 -3%
FCBT
55
First Citizens Bank & Trust
North Carolina
$1.14M -$662K -20,644 -37%
IWM
56
IHT Wealth Management
Illinois
$1.14M +$365K +11,380 +47%
Jane Street
57
Jane Street
New York
$1.12M +$1.13M +35,151 New
UCFA
58
United Capital Financial Advisors
Texas
$1.11M +$1.11M +34,738 New
FAAS
59
First Allied Advisory Services
California
$1.1M +$626K +19,522 +132%
FFN
60
Focus Financial Network
Minnesota
$1.08M +$1.08M +33,833 New
RF
61
RHS Financial
California
$1.07M +$100K +3,122 +10%
Baird Financial Group
62
Baird Financial Group
Wisconsin
$1.04M +$1.04M +32,501 New
SWP
63
Stratos Wealth Partners
Ohio
$959K +$457K +14,274 +90%
MIAN
64
Mariner Independent Advisor Network
Kansas
$955K +$27.9K +872 +3%
ACM
65
Aviance Capital Management
Florida
$834K -$48.8K -1,523 -6%
VCM
66
Verger Capital Management
North Carolina
$828K – – –
AF
67
Advisornet Financial
Minnesota
$799K -$267K -8,342 -25%
WSTAM
68
Wilbanks Smith & Thomas Asset Management
Virginia
$765K -$49K -1,529 -6%
RJFSA
69
Raymond James Financial Services Advisors
Florida
$752K -$13.4K -417 -2%
RCA
70
Rowland Carmichael Advisors
Arizona
$739K +$741K +23,131 New
VFA
71
Voya Financial Advisors
Connecticut
$736K +$742K +23,157 New
PA
72
PFG Advisors
Arizona
$714K +$727K +22,674 New
Goldman Sachs
73
Goldman Sachs
New York
$683K +$71.2K +2,223 +12%
WIA
74
World Investment Advisors
California
$639K +$21.1K +660 +3%
Susquehanna International Group
75
Susquehanna International Group
Pennsylvania
$637K +$639K +19,941 New
1 2
3
4 5

MNA Hedge Fund Activity: Q1 2019 in Review

124 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q1 2019, worth a combined $706M — up 28% from $552M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new MNA positions and 22 closed out — a net gain of 9 holders — while 50 added to existing stakes and 30 trimmed.

The largest buyer was Cantor Fitzgerald Investment Advisors, opening a new position worth an estimated $36.3M. The largest seller was Ameriprise, cutting an estimated $26.7M.

  • 124 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q1 2019, up from 115 in Q4 2018.
  • Funds reported $706M of IQ ARB Merger Arbitrage ETF stock for Q1 2019, up 28% quarter-over-quarter.
  • 31 funds opened new IQ ARB Merger Arbitrage ETF positions in Q1 2019 and 22 closed out, a net change of +9 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q1 2019 was Cantor Fitzgerald Investment Advisors, an estimated $36.3M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q1 2019 was Ameriprise, an estimated $26.7M sold.

Based on aggregated 13F filings for Q1 2019.