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IQ ARB Merger Arbitrage ETF
MNA

124 hedge funds and large institutions have $706M invested in IQ ARB Merger Arbitrage ETF in 2019 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 50 increasing their positions, 30 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 30

41% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 22

28% more capital invested

Capital invested by funds: $552M → $706M (+$154M)

23% more funds holding in top 10

Funds holding in top 10: 13 → 16 (+3)

8% more funds holding

Funds holding: 115 → 124 (+9)

4.13% more ownership

Funds ownership: 66.73% → 70.86% (+4.1%)

Holders
124
Holders Change
+9
Holders Change %
+7.83%
% of All Funds
2.68%
Holding in Top 10
16
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+23.08%
% of All Funds
0.35%
New
31
Increased
50
Reduced
30
Closed
22
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CFIA
Cantor Fitzgerald Investment Advisors
New York
+$36.3M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$26.4M
3
EMPI
Elo Mutual Pension Insurance
Finland
+$20M
4
WCWM
Wooster Corthell Wealth Management
Connecticut
+$13M
5
Morgan Stanley
Morgan Stanley
New York
+$11.9M

Top Sellers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
-$26.7M
2
BO
BRR OpCo
Ohio
-$4.31M
3
MWC
MKD Wealth Coaches
Michigan
-$3.7M
4
PP
Prudential plc
United Kingdom
-$3.39M
5
Citadel Advisors
Citadel Advisors
Florida
-$3.25M
Name Holding Trade Value Shares
Change 		Change in
Stake
PCP
101
Proficio Capital Partners
Massachusetts
$70K – – –
Fidelity Investments
102
Fidelity Investments
Massachusetts
$61K +$61K +1,905 New
GWM
103
Geneos Wealth Management
Colorado
$55K +$55.6K +1,734 New
SQA
104
Simon Quick Advisors
New Jersey
$48K +$48.1K +1,500 New
BHWM
105
Bay Harbor Wealth Management
Maryland
$34K -$2.27K -71 -6%
MFW
106
Mosaic Family Wealth
Missouri
$31K +$31.1K +970 New
Fifth Third Bancorp
107
Fifth Third Bancorp
Ohio
$26K – – –
Bank of Montreal
108
Bank of Montreal
Ontario, Canada
$25K -$42.1K -1,314 -63%
CF
109
Centaurus Financial
California
$22.9K +$23.4K +731 New
RCAG
110
Rehmann Capital Advisory Group
Michigan
$22.8K – – –
VNA
111
Valley National Advisers
Pennsylvania
$15K – – –
PFGIA
112
Patriot Financial Group Insurance Agency
Massachusetts
$14K – – –
GTAM
113
Global Trust Asset Management
Florida
$13K – – –
AIM
114
Arcadia Investment Management
Michigan
$13K +$12.7K +397 New
ASN
115
Advisory Services Network
Georgia
$10K -$1.7K -53 -15%
US Bancorp
116
US Bancorp
Minnesota
$9K +$8.62K +269 New
AIA
117
Alera Investment Advisors
Illinois
$8K -$8.01K -250 -50%
BBPWM
118
Blue Bell Private Wealth Management
Pennsylvania
$3K – – –
S
119
SignatureFD
Georgia
$3K +$2.21K +69 +460%
Citigroup
120
Citigroup
New York
$3K +$3.17K +99 +9,900%
VFA
121
Valeo Financial Advisors
Indiana
$2K -$23.1K -720 -94%
PA
122
Parallel Advisors
California
$1K +$1.47K +46 New
ACA
123
Ackerman Capital Advisors
Texas
$266 +$267K +8,335 New
BO
124
BRR OpCo
Ohio
– -$4.31M -135,890 Closed
Citadel Advisors
125
Citadel Advisors
Florida
– -$3.25M -102,623 Closed
2 3 4
5
6

MNA Hedge Fund Activity: Q1 2019 in Review

124 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q1 2019, worth a combined $706M — up 28% from $552M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new MNA positions and 22 closed out — a net gain of 9 holders — while 50 added to existing stakes and 30 trimmed.

The largest buyer was Cantor Fitzgerald Investment Advisors, opening a new position worth an estimated $36.3M. The largest seller was Ameriprise, cutting an estimated $26.7M.

  • 124 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q1 2019, up from 115 in Q4 2018.
  • Funds reported $706M of IQ ARB Merger Arbitrage ETF stock for Q1 2019, up 28% quarter-over-quarter.
  • 31 funds opened new IQ ARB Merger Arbitrage ETF positions in Q1 2019 and 22 closed out, a net change of +9 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q1 2019 was Cantor Fitzgerald Investment Advisors, an estimated $36.3M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q1 2019 was Ameriprise, an estimated $26.7M sold.

Based on aggregated 13F filings for Q1 2019.