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IQ ARB Merger Arbitrage ETF
MNA

123 hedge funds and large institutions have $599M invested in IQ ARB Merger Arbitrage ETF in 2019 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 44 increasing their positions, 48 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 11 → 11 (0)

8% less repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 48

4.6% less ownership

Funds ownership: 71.41% → 66.81% (-4.6%)

8% less funds holding

Funds holding: 133 → 123 (-10)

12% less capital invested

Capital invested by funds: $684M → $599M (-$85.4M)

40% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 20

Holders
123
Holders Change
-10
Holders Change %
-7.52%
% of All Funds
2.7%
Holding in Top 10
11
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.24%
New
12
Increased
44
Reduced
48
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$3.55M
2
Goldman Sachs
Goldman Sachs
New York
+$1.65M
3
AWC
Abundance Wealth Counselors
Pennsylvania
+$1.19M
4
IDA
Intelligence Driven Advisers
California
+$1.16M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$829K

Top Sellers

Rank Fund Capital Flow
1
EMPI
Elo Mutual Pension Insurance
Finland
-$29.2M
2
OIA
OneDigital Investment Advisors
Kansas
-$24.7M
3
Ameriprise
Ameriprise
Minnesota
-$14.7M
4
RJA
Raymond James & Associates
Florida
-$11M
5
BOS
Bank of Stockton
California
-$8.57M
Name Holding Trade Value Shares
Change 		Change in
Stake
SSB
101
Sandy Spring Bank
Maryland
$81K +$80.5K +2,532 New
WAP
102
Wealthcare Advisory Partners
Pennsylvania
$77K -$33.9K -1,067 -31%
FIA
103
FNY Investment Advisers
New York
$76K +$76.1K +2,392 New
GWM
104
Geneos Wealth Management
Colorado
$61K – – –
US Bancorp
105
US Bancorp
Minnesota
$49K +$39.9K +1,254 +466%
HR
106
Howe & Rusling
New York
$27K +$8.91K +280 +51%
EWM
107
Endurance Wealth Management
Rhode Island
$23K +$22.5K +708 New
SB
108
Strategic Blueprint
Georgia
$19K +$18.5K +581 New
VNA
109
Valley National Advisers
Pennsylvania
$15K – – –
PFGIA
110
Patriot Financial Group Insurance Agency
Massachusetts
$14K – – –
Bank of Montreal
111
Bank of Montreal
Ontario, Canada
$13K – – –
ASN
112
Advisory Services Network
Georgia
$9K – – –
UBS Group
113
UBS Group
Switzerland
$8K -$45.9K -1,444 -85%
APA
114
American Portfolios Advisors
New York
$7.21K +$7.16K +225 New
RFA
115
Reilly Financial Advisors
California
$6K – – –
Fidelity Investments
116
Fidelity Investments
Massachusetts
$5K -$7.54K -237 -62%
PA
117
Parallel Advisors
California
$4K +$2.26K +71 +154%
BBPWM
118
Blue Bell Private Wealth Management
Pennsylvania
$3K – – –
GFPC
119
Global Financial Private Capital
Florida
$3K – – –
JP Morgan Chase
120
JP Morgan Chase
New York
$3K – – –
VFA
121
Valeo Financial Advisors
Indiana
$2K – – –
AIM
122
Anchor Investment Management
South Carolina
$96 – – –
EMPI
123
Elo Mutual Pension Insurance
Finland
– -$29.2M -924,000 Closed
SAM
124
Stringer Asset Management
Tennessee
– -$2.91M -92,374 Closed
PP
125
Prudential plc
United Kingdom
– -$2.69M -85,421 Closed
2 3 4
5
6

MNA Hedge Fund Activity: Q3 2019 in Review

123 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q3 2019, worth a combined $599M — down 12% from $684M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of MNA and 12 opened new positions — a net loss of 8 holders — while 48 trimmed existing stakes and 44 added.

The largest buyer was Wells Fargo, adding an estimated $3.55M. The largest seller was Elo Mutual Pension Insurance, exiting entirely with an estimated $29.2M sold.

  • 123 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q3 2019, down from 133 in Q2 2019.
  • Funds reported $599M of IQ ARB Merger Arbitrage ETF stock for Q3 2019, down 12% quarter-over-quarter.
  • 12 funds opened new IQ ARB Merger Arbitrage ETF positions in Q3 2019 and 20 closed out, a net change of -8 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q3 2019 was Wells Fargo, an estimated $3.55M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q3 2019 was Elo Mutual Pension Insurance, an estimated $29.2M sold.

Based on aggregated 13F filings for Q3 2019.