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IQ ARB Merger Arbitrage ETF
MNA

79 hedge funds and large institutions have $218M invested in IQ ARB Merger Arbitrage ETF in 2024 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 23 increasing their positions, 36 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

13.99% less ownership

Funds ownership: 89.55% → 75.56% (-14%)

14% less funds holding

Funds holding: 92 → 79 (-13)

28% less capital invested

Capital invested by funds: $302M → $218M (-$84.5M)

36% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 36

68% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 19

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
79
Holders Change
-13
Holders Change %
-14.13%
% of All Funds
1.14%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
6
Increased
23
Reduced
36
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BRWA
B. Riley Wealth Advisors
Florida
+$6.1M
2
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$2.51M
3
OAM
Oppenheimer Asset Management
New York
+$2.33M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$1.86M
5
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$264K

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$22.8M
2
Morgan Stanley
Morgan Stanley
New York
-$22M
3
NYLIM
New York Life Investment Management
New York
-$13.9M
4
GT
Greenleaf Trust
Michigan
-$8.2M
5
LPL Financial
LPL Financial
California
-$6.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
VNA
76
Valley National Advisers
Pennsylvania
$1K – – –
SWM
77
Sugarloaf Wealth Management
Georgia
$815 – – –
IGWM
78
ICA Group Wealth Management
Colorado
$787 – – –
KFI
79
Key Financial Inc
Pennsylvania
$409 – – –
SAG
80
SageView Advisory Group
California
– -$14.7K -459,813 Closed
AC
81
Avestar Capital
New York
– -$3.7M -116,458 Closed
ACMA
82
Arbor Capital Management (Alaska)
Alaska
– -$3.06M -97,597 Closed
AF
83
Allworth Financial
California
– -$1.51M -47,958 Closed
PAS
84
Park Avenue Securities
New York
– -$1M -31,944 Closed
OMC
85
Old Mission Capital
Illinois
– -$271K -8,634 Closed
CF
86
Centaurus Financial
California
– -$106K -3,366 Closed
National Bank of Canada
87
National Bank of Canada
Quebec, Canada
– -$40.9K -1,305 Closed
AA
88
Ancora Advisors
Ohio
– -$40.8K -1,300 Closed
TCPG
89
Trivant Custom Portfolio Group
California
– -$32.8K -1,045 Closed
RG
90
Retirement Group
California
– -$31.4K -1,000 Closed
PNC Financial Services Group
91
PNC Financial Services Group
Pennsylvania
– -$14.5K -463 Closed
SC
92
SouthState Corp
Florida
– -$12.6K -400 Closed
FG
93
Fairman Group
Pennsylvania
– -$11.6K -364 Closed
TWM
94
Tradition Wealth Management
Minnesota
– -$10K -305 Closed
GWM
95
Geneos Wealth Management
Colorado
– -$6K -191 Closed
ASN
96
Advisory Services Network
Georgia
– -$1.79K -57 Closed
NA
97
NewEdge Advisors
Louisiana
– -$1.76K -56 Closed
TFG
98
Team Financial Group
California
– -$94 -3 Closed
1 2 3
4

MNA Hedge Fund Activity: Q1 2024 in Review

79 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q1 2024, worth a combined $218M — down 28% from $302M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of MNA and 6 opened new positions — a net loss of 13 holders — while 36 trimmed existing stakes and 23 added.

The largest buyer was B. Riley Wealth Advisors, adding an estimated $6.1M. The largest seller was Jane Street, cutting an estimated $22.8M.

  • 79 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q1 2024, down from 92 in Q4 2023.
  • Funds reported $218M of IQ ARB Merger Arbitrage ETF stock for Q1 2024, down 28% quarter-over-quarter.
  • 6 funds opened new IQ ARB Merger Arbitrage ETF positions in Q1 2024 and 19 closed out, a net change of -13 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q1 2024 was B. Riley Wealth Advisors, an estimated $6.1M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q1 2024 was Jane Street, an estimated $22.8M sold.

Based on aggregated 13F filings for Q1 2024.