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IQ ARB Merger Arbitrage ETF
MNA

127 hedge funds and large institutions have $524M invested in IQ ARB Merger Arbitrage ETF in 2020 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 37 increasing their positions, 45 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 13

50% more funds holding in top 10

Funds holding in top 10: 4 → 6 (+2)

9% more funds holding

Funds holding: 117 → 127 (+10)

4% more capital invested

Capital invested by funds: $505M → $524M (+$18.4M)

0.4% less ownership

Funds ownership: 71.35% → 70.94% (-0.4%)

18% less repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 45

Holders
127
Holders Change
+10
Holders Change %
+8.55%
% of All Funds
2.25%
Holding in Top 10
6
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+50%
% of All Funds
0.11%
New
26
Increased
37
Reduced
45
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MCM
Mainstay Capital Management
Michigan
+$23M
2
OIA
OneDigital Investment Advisors
Kansas
+$3.7M
3
WAP
Wealthcare Advisory Partners
Pennsylvania
+$3.47M
4
LFASL
Lugano Financial Advisors SA (LFA)
Switzerland
+$3.18M
5
Bank of America
Bank of America
North Carolina
+$1.91M

Top Sellers

Rank Fund Capital Flow
1
USAA
United Services Automobile Association
Texas
-$8.46M
2
MIA
MainStreet Investment Advisors
Illinois
-$3.04M
3
BCI
Brinker Capital Investments
Pennsylvania
-$2.92M
4
Citadel Advisors
Citadel Advisors
Florida
-$2.52M
5
Wells Fargo
Wells Fargo
California
-$2.18M
Name Holding Trade Value Shares
Change 		Change in
Stake
WGCA
76
Wolf Group Capital Advisors
Virginia
$346K – – –
BOS
77
Bank of Stockton
California
$333K +$339K +10,000 New
BAM
78
Belpointe Asset Management
Nevada
$320K +$150K +4,419 +85%
HAS
79
HBW Advisory Services
California
$309K +$314K +9,258 New
CAAS
80
Capital Asset Advisory Services
Michigan
$308K -$19.6K -577 -6%
EP
81
Eudaimonia Partners
Tennessee
$307K +$916 +27 +0.3%
MAFM
82
Mid Atlantic Financial Management
Pennsylvania
$287K +$24.3K +715 +9%
SG
83
StoneX Group
New York
$275K +$43.2K +1,274 +19%
HighTower Advisors
84
HighTower Advisors
Illinois
$271K -$6.45K -190 -2%
VWA
85
Visionary Wealth Advisors
Illinois
$260K +$25.4K +749 +11%
SS
86
Simplicity Solutions
Minnesota
$257K -$3.29K -97 -1%
PCP
87
Proficio Capital Partners
Massachusetts
$250K – – –
FIM
88
Freedom Investment Management
Connecticut
$239K -$110K -3,251 -31%
BO
89
BRR OpCo
Ohio
$223K – – –
FFA
90
First Foundation Advisors
California
$222K -$574K -16,925 -72%
AWM
91
AE Wealth Management
Kansas
$222K +$226K +6,662 New
CFD
92
Creative Financial Designs
Indiana
$206K -$1.73K -51 -0.8%
MPWT
93
MassMutual Private Wealth & Trust
Connecticut
$182K -$6.45K -190 -3%
HR
94
Howe & Rusling
New York
$125K – – –
PB
95
Pinnacle Bancorp
Nebraska
$84K – – –
FCM
96
Firestone Capital Management
Florida
$73K +$74.1K +2,185 New
US Bancorp
97
US Bancorp
Minnesota
$71K +$25.8K +759 +55%
GTAM
98
Global Trust Asset Management
Florida
$66K – – –
HFA
99
HC Financial Advisors
California
$65K -$12K -355 -15%
FDCDDQ
100
Federation des caisses Desjardins du Quebec
Quebec, Canada
$48.6K +$49.5K +1,458 New
2 3
4
5 6

MNA Hedge Fund Activity: Q4 2020 in Review

127 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q4 2020, worth a combined $524M — up 3.6% from $505M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new MNA positions and 13 closed out — a net gain of 13 holders — while 37 added to existing stakes and 45 trimmed.

The largest buyer was Mainstay Capital Management, opening a new position worth an estimated $23M. The largest seller was United Services Automobile Association, exiting entirely with an estimated $8.46M sold.

  • 127 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q4 2020, up from 117 in Q3 2020.
  • Funds reported $524M of IQ ARB Merger Arbitrage ETF stock for Q4 2020, up 3.6% quarter-over-quarter.
  • 26 funds opened new IQ ARB Merger Arbitrage ETF positions in Q4 2020 and 13 closed out, a net change of +13 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q4 2020 was Mainstay Capital Management, an estimated $23M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q4 2020 was United Services Automobile Association, an estimated $8.46M sold.

Based on aggregated 13F filings for Q4 2020.