IQ ARB Merger Arbitrage ETF
MNA
73 hedge funds and large institutions have $151M invested in IQ ARB Merger Arbitrage ETF in 2025 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 20 increasing their positions, 23 reducing their positions, and 7 closing their positions.
86% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 7
7% more funds holding
Funds holding: 68 → 73 (+5)
5% more capital invested
Capital invested by funds: $143M → $151M (+$7.81M)
0.63% more ownership
Funds ownership: 64.31% → 64.94% (+0.63%)
13% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.9M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.47M |
| 3 |
RL
Retireful LLC
Haslett,
Michigan
|
+$1.33M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$1.14M |
| 5 |
CWM
Congress Wealth Management
Boston,
Massachusetts
|
+$725K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QAM
Q3 Asset Management
Birmingham,
Michigan
|
-$3.8M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$2.16M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$2.06M |
| 4 |
NYLIM
New York Life Investment Management
New York
|
-$1.74M |
| 5 |
OIA
OneDigital Investment Advisors
Overland Park,
Kansas
|
-$1.11M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
MML Investors Services
Springfield,
Massachusetts
| – | -$231K | -6,725 | Closed |
|
|
WS
77
Wedbush Securities
Los Angeles,
California
| – | -$207K | -6,044 | Closed |
|
|
AWM
78
AE Wealth Management
Topeka,
Kansas
| – | -$59.9K | -1,746 | Closed |
|
|
GFPC
79
Global Financial Private Client
Sarasota,
Florida
| – | -$22.9K | -667 | Closed |
|
|
FDW
80
Fourth Dimension Wealth
Middleburg Heights,
Ohio
| – | -$6.86K | -200 | Closed |
|
MNA Hedge Fund Activity: Q2 2025 in Review
73 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q2 2025, worth a combined $151M — up 5.4% from $143M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new MNA positions and 7 closed out — a net gain of 6 holders — while 20 added to existing stakes and 23 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $2.9M. The largest seller was Q3 Asset Management, exiting entirely with an estimated $3.8M sold.
- 73 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q2 2025, up from 68 in Q1 2025.
- Funds reported $151M of IQ ARB Merger Arbitrage ETF stock for Q2 2025, up 5.4% quarter-over-quarter.
- 13 funds opened new IQ ARB Merger Arbitrage ETF positions in Q2 2025 and 7 closed out, a net change of +6 holders.
- The largest IQ ARB Merger Arbitrage ETF buyer in Q2 2025 was Morgan Stanley, an estimated $2.9M added.
- The largest IQ ARB Merger Arbitrage ETF seller in Q2 2025 was Q3 Asset Management, an estimated $3.8M sold.
Based on aggregated 13F filings for Q2 2025.