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IQ ARB Merger Arbitrage ETF

115 hedge funds and large institutions have $552M invested in IQ ARB Merger Arbitrage ETF in 2018 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 42 increasing their positions, 24 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

333% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 9

117% more funds holding in top 10

Funds holding in top 10: 613 (+7)

75% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 24

49% more capital invested

Capital invested by funds: $371M → $552M (+$181M)

34% more funds holding

Funds holding: 86115 (+29)

6.91% more ownership

Funds ownership: 59.82%66.73% (+6.9%)

Holders
115
Holders Change
+29
Holders Change %
+33.72%
% of All Funds
2.56%
Holding in Top 10
13
Holding in Top 10 Change
+7
Holding in Top 10 Change %
+116.67%
% of All Funds
0.29%
New
39
Increased
42
Reduced
24
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
CM
76
Columbus Macro
Pennsylvania
$401K -$5.59K -176 -1%
AIC
77
Ameritas Investment Company
Nebraska
$372K +$373K +11,735 New
LFS
78
Legacy Financial Strategies
Kansas
$362K +$4.83K +152 +1%
VA
79
Valmark Advisers
Ohio
$343K +$2.41K +76 +0.7%
MAFM
80
Mid Atlantic Financial Management
Pennsylvania
$257K +$258K +8,116 New
WGCA
81
Wolf Group Capital Advisors
Virginia
$219K +$220K +6,915 New
MPWT
82
MassMutual Private Wealth & Trust
Connecticut
$212K -$25.6K -805 -11%
MIA
83
MainStreet Investment Advisors
Illinois
$212K -$25.6K -805 -11%
LTFS
84
Ladenburg Thalmann Financial Services
Florida
$210K +$131K +4,116 +163%
HH
85
Hilltop Holdings
Texas
$203K +$203K +6,391 New
CFGS
86
Concourse Financial Group Securities
Alabama
$142K +$143K +4,506 New
PB
87
Pinnacle Bancorp
Nebraska
$98K +$98.2K +3,093 New
MFBTD
88
MB Financial Bank - Trust Department
Illinois
$85K +$41.7K +1,312 +96%
TFA
89
Transamerica Financial Advisors
Florida
$83K +$18.6K +585 +29%
PCP
90
Proficio Capital Partners
Massachusetts
$70K
Bank of Montreal
91
Bank of Montreal
Ontario, Canada
$67K -$7.14K -225 -10%
BHWM
92
Bay Harbor Wealth Management
Maryland
$36K +$36.4K +1,146 New
Fifth Third Bancorp
93
Fifth Third Bancorp
Ohio
$25K +$25.5K +802 New
VFA
94
Valeo Financial Advisors
Indiana
$24K +$24.5K +770 New
RCAG
95
Rehmann Capital Advisory Group
Michigan
$22.6K
AIA
96
Alera Investment Advisors
Illinois
$16K +$15.9K +500 New
VNA
97
Valley National Advisers
Pennsylvania
$15K
PFGIA
98
Patriot Financial Group Insurance Agency
Massachusetts
$14K
Carson Wealth (CWM LLC)
99
Carson Wealth (CWM LLC)
Nebraska
$14K +$12.2K +384 +711%
PCIA
100
Prime Capital Investment Advisors
Kansas
$14K +$13.8K +433 New

MNA Hedge Fund Activity: Q4 2018 in Review

115 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q4 2018, worth a combined $552M — up 49% from $371M a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new MNA positions and 9 closed out — a net gain of 30 holders — while 42 added to existing stakes and 24 trimmed.

The largest buyer was Manulife (Manufacturers Life Insurance), opening a new position worth an estimated $19M. The largest seller was OneDigital Investment Advisors, cutting an estimated $1.77M.

  • 115 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q4 2018, up from 86 in Q3 2018.
  • Funds reported $552M of IQ ARB Merger Arbitrage ETF stock for Q4 2018, up 49% quarter-over-quarter.
  • 39 funds opened new IQ ARB Merger Arbitrage ETF positions in Q4 2018 and 9 closed out, a net change of +30 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q4 2018 was Manulife (Manufacturers Life Insurance), an estimated $19M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q4 2018 was OneDigital Investment Advisors, an estimated $1.77M sold.

Based on aggregated 13F filings for Q4 2018.