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IQ ARB Merger Arbitrage ETF
MNA

127 hedge funds and large institutions have $524M invested in IQ ARB Merger Arbitrage ETF in 2020 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 37 increasing their positions, 45 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 13

50% more funds holding in top 10

Funds holding in top 10: 4 → 6 (+2)

9% more funds holding

Funds holding: 117 → 127 (+10)

4% more capital invested

Capital invested by funds: $505M → $524M (+$18.4M)

0.4% less ownership

Funds ownership: 71.35% → 70.94% (-0.4%)

18% less repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 45

Holders
127
Holders Change
+10
Holders Change %
+8.55%
% of All Funds
2.25%
Holding in Top 10
6
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+50%
% of All Funds
0.11%
New
26
Increased
37
Reduced
45
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MCM
Mainstay Capital Management
Michigan
+$23M
2
OIA
OneDigital Investment Advisors
Kansas
+$3.7M
3
WAP
Wealthcare Advisory Partners
Pennsylvania
+$3.47M
4
LFASL
Lugano Financial Advisors SA (LFA)
Switzerland
+$3.18M
5
Bank of America
Bank of America
North Carolina
+$1.91M

Top Sellers

Rank Fund Capital Flow
1
USAA
United Services Automobile Association
Texas
-$8.46M
2
MIA
MainStreet Investment Advisors
Illinois
-$3.04M
3
BCI
Brinker Capital Investments
Pennsylvania
-$2.92M
4
Citadel Advisors
Citadel Advisors
Florida
-$2.52M
5
Wells Fargo
Wells Fargo
California
-$2.18M
Name Holding Trade Value Shares
Change 		Change in
Stake
ASN
101
Advisory Services Network
Georgia
$43K – – –
CWM
102
Consultiva Wealth Management
Puerto Rico
$38K +$38.4K +1,131 New
CQS
103
Credential Qtrade Securities
$29.3K +$29.9K +880 New
GWM
104
Geneos Wealth Management
Colorado
$24K +$2.58K +76 +10%
GFPC
105
Global Financial Private Client
Florida
$22.2K – – –
SWM
106
Sugarloaf Wealth Management
Georgia
$21K -$11.6K -343 -35%
APA
107
American Portfolios Advisors
New York
$17.8K – – –
OSNBOA
108
Old Second National Bank of Aurora
Illinois
$16K +$1.76K +52 +12%
RFWA
109
RPg Family Wealth Advisory
Massachusetts
$13.4K -$1.7K -50 -11%
LS
110
Leelyn Smith
Illinois
$13K +$2.07K +61 +18%
VNA
111
Valley National Advisers
Pennsylvania
$11K – – –
GRP
112
Global Retirement Partners
California
$11K +$11.5K +338 New
AF
113
Advisornet Financial
Minnesota
$9K -$419K -12,336 -98%
PFGIA
114
Patriot Financial Group Insurance Agency
Massachusetts
$9K – – –
Bank of Montreal
115
Bank of Montreal
Ontario, Canada
$7K -$6.28K -185 -46%
Fifth Third Bancorp
116
Fifth Third Bancorp
Ohio
$4K +$645 +19 +19%
BWA
117
BDO Wealth Advisors
Florida
$2K – – –
Fidelity Investments
118
Fidelity Investments
Massachusetts
$2K – – –
LWA
119
Lenox Wealth Advisors
New York
$2K – – –
Northwestern Mutual Wealth Management
120
Northwestern Mutual Wealth Management
Wisconsin
$2K +$1.7K +50 New
CAGAS
121
Capital Advisory Group Advisory Services
Minnesota
$2K +$1.87K +55 New
DAC
122
Dividend Assets Capital
South Carolina
$2K +$1.87K +55 New
CCC
123
Crescent Capital Consulting
Louisiana
$2K +$1.97K +58 New
PMFA
124
Plante Moran Financial Advisors
Michigan
$1K +$543 +16 New
GEA
125
Glen Eagle Advisors
New Jersey
$600 +$611 +18 New
2 3 4
5
6

MNA Hedge Fund Activity: Q4 2020 in Review

127 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q4 2020, worth a combined $524M — up 3.6% from $505M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new MNA positions and 13 closed out — a net gain of 13 holders — while 37 added to existing stakes and 45 trimmed.

The largest buyer was Mainstay Capital Management, opening a new position worth an estimated $23M. The largest seller was United Services Automobile Association, exiting entirely with an estimated $8.46M sold.

  • 127 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q4 2020, up from 117 in Q3 2020.
  • Funds reported $524M of IQ ARB Merger Arbitrage ETF stock for Q4 2020, up 3.6% quarter-over-quarter.
  • 26 funds opened new IQ ARB Merger Arbitrage ETF positions in Q4 2020 and 13 closed out, a net change of +13 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q4 2020 was Mainstay Capital Management, an estimated $23M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q4 2020 was United Services Automobile Association, an estimated $8.46M sold.

Based on aggregated 13F filings for Q4 2020.