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IQ ARB Merger Arbitrage ETF
MNA

80 hedge funds and large institutions have $169M invested in IQ ARB Merger Arbitrage ETF in 2026 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 25 increasing their positions, 31 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.05% less ownership

Funds ownership: 66.43% → 66.37% (-0.05%)

4% less capital invested

Capital invested by funds: $176M → $169M (-$7.17M)

7% less funds holding

Funds holding: 86 → 80 (-6)

18% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 11

19% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 31

Holders
80
Holders Change
-6
Holders Change %
-6.98%
% of All Funds
0.98%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
25
Reduced
31
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AI
Atria Investments
North Carolina
+$1.74M
2
FHC
First Heartland Consultants
Missouri
+$1.74M
3
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$1.18M
4
Citadel Advisors
Citadel Advisors
Florida
+$1.02M
5
OAM
Oppenheimer Asset Management
New York
+$1.02M

Top Sellers

1
Ameriprise
Ameriprise
Minnesota
-$5.06M
2
NYLIM
New York Life Investment Management
New York
-$3.26M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$2.9M
4
Raymond James Financial
Raymond James Financial
Florida
-$2.33M
5
Jane Street
Jane Street
New York
-$1.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
RF
51
RHS Financial
California
$250K +$20K +553 +9%
PA
52
Parallel Advisors
California
$244K +$36.5K +1,010 +18%
DWM
53
Diversify Wealth Management
Utah
$244K +$242K +6,697 New
PWM
54
Perigon Wealth Management
California
$227K -$3.94K -109 -2%
CAM
55
Capital Asset Management
Colorado
$226K – – –
NA
56
NewEdge Advisors
Louisiana
$222K – – –
MCI
57
MRP Capital Investments
Georgia
$185K – – –
CF
58
Centaurus Financial
California
$135K +$868 +24 +0.6%
Fifth Third Bancorp
59
Fifth Third Bancorp
Ohio
$70.4K +$70.1K +1,937 New
IA
60
IFP Advisors
Florida
$57K – – –
TSMHT
61
Thurston Springer Miller Herd & Titak
Indiana
$47.5K -$11.9K -328 -20%
Carson Wealth (CWM LLC)
62
Carson Wealth (CWM LLC)
Nebraska
$36.4K – – –
ETS
63
ESL Trust Services
New York
$34.6K -$51.7K -1,430 -60%
SA
64
Scarborough Advisors
Maryland
$24.5K – – –
HI
65
Harbour Investments
Wisconsin
$22.6K -$2.42K -67 -10%
ASN
66
Advisory Services Network
Georgia
$19.4K +$19.3K +534 New
Fidelity Investments
67
Fidelity Investments
Massachusetts
$18.7K +$14.6K +403 +366%
BOJHT
68
Bank of Jackson Hole Trust
Wyoming
$18.2K – – –
HWA
69
HHM Wealth Advisors
Tennessee
$16.2K – – –
SWIM
70
Smallwood Wealth Investment Management
New Jersey
$9.3K – – –
PL
71
Protective Life
Alabama
$6.62K +$6.58K +182 New
AF
72
Allworth Financial
California
$4.76K – – –
OSAM
73
O'Shaughnessy Asset Management
Connecticut
$2.8K – – –
ECA
74
Elevated Capital Advisors
Utah
$1.93K – – –
UBS Group
75
UBS Group
Switzerland
$1.71K +$1.7K +47 New
1 2
3
4

MNA Hedge Fund Activity: Q1 2026 in Review

80 of the 8,125 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q1 2026, worth a combined $169M — down 4.1% from $176M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of MNA and 9 opened new positions — a net loss of 2 holders — while 31 trimmed existing stakes and 25 added.

The largest buyer was Atria Investments, adding an estimated $1.74M. The largest seller was Ameriprise, cutting an estimated $5.06M.

  • 80 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q1 2026, down from 86 in Q4 2025.
  • Funds reported $169M of IQ ARB Merger Arbitrage ETF stock for Q1 2026, down 4.1% quarter-over-quarter.
  • 9 funds opened new IQ ARB Merger Arbitrage ETF positions in Q1 2026 and 11 closed out, a net change of -2 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q1 2026 was Atria Investments, an estimated $1.74M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q1 2026 was Ameriprise, an estimated $5.06M sold.

Based on aggregated 13F filings for Q1 2026.