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IQ ARB Merger Arbitrage ETF
MNA

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: 6 → 13 (+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: 86 → 115 (+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
–

Top Buyers

Rank Fund Capital Flow
1
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$19M
2
Morgan Stanley
Morgan Stanley
New York
+$16.1M
3
Wells Fargo
Wells Fargo
California
+$16M
4
PP
Prudential plc
United Kingdom
+$10.7M
5
UWM
USAdvisors Wealth Management
Minnesota
+$10.2M

Top Sellers

Rank Fund Capital Flow
1
OIA
OneDigital Investment Advisors
Kansas
-$1.77M
2
NAM
NorthCoast Asset Management
Connecticut
-$1.47M
3
Jane Street
Jane Street
New York
-$1.29M
4
CFA
Carroll Financial Associates
North Carolina
-$651K
5
CWM
Cornerstone Wealth Management
Missouri
-$581K
Name Holding Trade Value Shares
Change 		Change in
Stake
SGS
101
Sterling Global Strategies
California
$13.5K +$13.5K +426 New
GTAM
102
Global Trust Asset Management
Florida
$13K – – –
ASN
103
Advisory Services Network
Georgia
$11K -$14.2K -448 -55%
PCG
104
Private Capital Group
Connecticut
$11K – – –
LWA
105
Lenox Wealth Advisors
New York
$6K +$6.26K +197 New
BCM
106
Brasada Capital Management
Texas
$6K +$6.35K +200 New
CA
107
Claro Advisors
Massachusetts
$6K +$6.35K +200 New
GWMIA
108
Global Wealth Management Investment Advisory
Florida
$5K +$4.76K +150 New
NR
109
Newfound Research
Massachusetts
$4K – – –
BBPWM
110
Blue Bell Private Wealth Management
Pennsylvania
$3K – – –
W
111
WealthOne
New York
$1K +$984 +31 New
Jane Street
112
Jane Street
New York
– -$1.29M -40,753 Closed
AP
113
Advisors Preferred
Maryland
– -$266K -8,378 Closed
MC
114
Moors & Cabot
Massachusetts
– -$252K -7,944 Closed
CCM
115
Crabel Capital Management
California
– -$230K -7,250 Closed
Creative Planning
116
Creative Planning
Kansas
– -$219K -6,906 Closed
UBS Group
117
UBS Group
Switzerland
– -$41K -1,294 Closed
CAG
118
Csenge Advisory Group
Florida
– -$29K -917 Closed
RFC
119
Regions Financial Corp
Alabama
– -$29K -904 Closed
FFW
120
Fusion Family Wealth
New York
– -$3K -104 Closed
Citigroup
121
Citigroup
New York
– +$32 +1 New
AssetMark Inc
122
AssetMark Inc
California
– +$64 +2 +25%
S
123
SignatureFD
Georgia
– +$476 +15 New
1 2 3 4
5

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.