IQ ARB Merger Arbitrage ETF
MNA
77 hedge funds and large institutions have $248M invested in IQ ARB Merger Arbitrage ETF in 2018 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 38 increasing their positions, 16 reducing their positions, and 2 closing their positions.
500% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 2
138% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 16
66% more capital invested
Capital invested by funds: $149M → $248M (+$99M)
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
15% more funds holding
Funds holding: 67 → 77 (+10)
7.2% more ownership
Funds ownership: 41.48% → 48.67% (+7.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$42.9M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$13.2M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$12.9M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$10.4M |
| 5 |
HH
Hilltop Holdings
Dallas,
Texas
|
+$5.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CFA
Carroll Financial Associates
Charlotte,
North Carolina
|
-$6.53M |
| 2 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$3.18M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$349K |
| 4 |
LNC
Lincoln National Corp
Radnor,
Pennsylvania
|
-$278K |
| 5 |
FFW
Fusion Family Wealth
Woodbury,
New York
|
-$233K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MC
76
Moors & Cabot
Boston,
Massachusetts
| – | -$231K | -7,444 | Closed |
|
77
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$1K | -33 | Closed |
|
|
AIM
78
Advantage Investment Management
Cedar Rapids,
Iowa
| – | +$500 | +16 | New |
|
MNA Hedge Fund Activity: Q1 2018 in Review
77 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q1 2018, worth a combined $248M — up 66% from $149M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new MNA positions and 2 closed out — a net gain of 10 holders — while 38 added to existing stakes and 16 trimmed.
The largest buyer was Ameriprise, adding an estimated $42.9M. The largest seller was Carroll Financial Associates, cutting an estimated $6.53M.
- 77 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q1 2018, up from 67 in Q4 2017.
- Funds reported $248M of IQ ARB Merger Arbitrage ETF stock for Q1 2018, up 66% quarter-over-quarter.
- 12 funds opened new IQ ARB Merger Arbitrage ETF positions in Q1 2018 and 2 closed out, a net change of +10 holders.
- The largest IQ ARB Merger Arbitrage ETF buyer in Q1 2018 was Ameriprise, an estimated $42.9M added.
- The largest IQ ARB Merger Arbitrage ETF seller in Q1 2018 was Carroll Financial Associates, an estimated $6.53M sold.
Based on aggregated 13F filings for Q1 2018.