IQ ARB Merger Arbitrage ETF
MNA
74 hedge funds and large institutions have $316M invested in IQ ARB Merger Arbitrage ETF in 2018 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 33 increasing their positions, 19 reducing their positions, and 9 closing their positions.
74% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 19
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
27% more capital invested
Capital invested by funds: $248M → $316M (+$67.3M)
6.85% more ownership
Funds ownership: 48.67% → 55.52% (+6.8%)
4% less funds holding
Funds holding: 77 → 74 (-3)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$27.9M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$21.4M |
| 3 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
+$7.41M |
| 4 |
VCM
Verger Capital Management
Winston-Salem,
North Carolina
|
+$5.96M |
| 5 |
GT
Greenleaf Trust
Kalamazoo,
Michigan
|
+$5.88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$9.92M |
| 2 |
HH
Hilltop Holdings
Dallas,
Texas
|
-$7.18M |
| 3 |
LPL Financial
San Diego,
California
|
-$2.16M |
| 4 |
VF
Virtu Financial
New York
|
-$610K |
| 5 |
Goldman Sachs
New York
|
-$591K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
76
Goldman Sachs
New York
| – | -$591K | -19,220 | Closed |
|
|
IWM
77
IHT Wealth Management
Chicago,
Illinois
| – | -$104K | -3,378 | Closed |
|
|
IIC
78
Integrated Investment Consultants
Bloomfield Hills,
Michigan
| – | -$62K | -2,003 | Closed |
|
|
PCG
79
Private Capital Group
West Hartford,
Connecticut
| – | -$31K | -1,000 | Closed |
|
|
RFWA
80
RPg Family Wealth Advisory
Burlington,
Massachusetts
| – | -$23.9K | -779 | Closed |
|
|
SP
81
SWS Partners
Columbus,
Ohio
| – | -$5K | -149 | Closed |
|
MNA Hedge Fund Activity: Q2 2018 in Review
74 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q2 2018, worth a combined $316M — up 27% from $248M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of MNA and 8 opened new positions — a net loss of 1 holder — while 19 trimmed existing stakes and 33 added.
The largest buyer was Brinker Capital Investments, adding an estimated $27.9M. The largest seller was Susquehanna International Group, cutting an estimated $9.92M.
- 74 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q2 2018, down from 77 in Q1 2018.
- Funds reported $316M of IQ ARB Merger Arbitrage ETF stock for Q2 2018, up 27% quarter-over-quarter.
- 8 funds opened new IQ ARB Merger Arbitrage ETF positions in Q2 2018 and 9 closed out, a net change of -1 holder.
- The largest IQ ARB Merger Arbitrage ETF buyer in Q2 2018 was Brinker Capital Investments, an estimated $27.9M added.
- The largest IQ ARB Merger Arbitrage ETF seller in Q2 2018 was Susquehanna International Group, an estimated $9.92M sold.
Based on aggregated 13F filings for Q2 2018.