IQ ARB Merger Arbitrage ETF
MNA
136 hedge funds and large institutions have $516M invested in IQ ARB Merger Arbitrage ETF in 2020 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 46 increasing their positions, 54 reducing their positions, and 25 closing their positions.
0.58% more ownership
Funds ownership: 68.25% → 68.83% (+0.58%)
4% less funds holding
Funds holding: 142 → 136 (-6)
15% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 54
16% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 25
18% less funds holding in top 10
Funds holding in top 10: 11 → 9 (-2)
19% less capital invested
Capital invested by funds: $633M → $516M (-$117M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OPS
Orion Portfolio Solutions
Omaha,
Nebraska
|
+$10.7M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
+$7.26M |
| 3 |
OIA
OneDigital Investment Advisors
Overland Park,
Kansas
|
+$3.24M |
| 4 |
BFG
Barber Financial Group
Lenexa,
Kansas
|
+$1.6M |
| 5 |
LWAC
Laurel Wealth Advisors (California)
Solana Beach,
California
|
+$1.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$12.1M |
| 2 |
WCWM
Wooster Corthell Wealth Management
Glastonbury,
Connecticut
|
-$10.1M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
-$8.25M |
| 4 |
BCA
Biltmore Capital Advisors
Princeton,
New Jersey
|
-$7.34M |
| 5 |
GWAG
Garrett Wealth Advisory Group
Weatherford,
Texas
|
-$7.18M |
MNA Hedge Fund Activity: Q1 2020 in Review
136 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q1 2020, worth a combined $516M — down 19% from $633M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of MNA and 21 opened new positions — a net loss of 4 holders — while 54 trimmed existing stakes and 46 added.
The largest buyer was Orion Portfolio Solutions, opening a new position worth an estimated $10.7M. The largest seller was Wells Fargo, cutting an estimated $12.1M.
- 136 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q1 2020, down from 142 in Q4 2019.
- Funds reported $516M of IQ ARB Merger Arbitrage ETF stock for Q1 2020, down 19% quarter-over-quarter.
- 21 funds opened new IQ ARB Merger Arbitrage ETF positions in Q1 2020 and 25 closed out, a net change of -4 holders.
- The largest IQ ARB Merger Arbitrage ETF buyer in Q1 2020 was Orion Portfolio Solutions, an estimated $10.7M added.
- The largest IQ ARB Merger Arbitrage ETF seller in Q1 2020 was Wells Fargo, an estimated $12.1M sold.
Based on aggregated 13F filings for Q1 2020.