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IQ ARB Merger Arbitrage ETF
MNA

108 hedge funds and large institutions have $398M invested in IQ ARB Merger Arbitrage ETF in 2022 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 29 increasing their positions, 48 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

5.91% more ownership

Funds ownership: 71.16% → 77.07% (+5.9%)

9% less capital invested

Capital invested by funds: $436M → $398M (-$38.3M)

11% less funds holding

Funds holding: 122 → 108 (-14)

40% less repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 48

44% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 25

Holders
108
Holders Change
-14
Holders Change %
-11.48%
% of All Funds
1.82%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.07%
New
14
Increased
29
Reduced
48
Closed
25
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AL
Aspiriant LLC
California
+$18.2M
2
SC
Savant Capital
Illinois
+$8.53M
3
Jane Street
Jane Street
New York
+$4.51M
4
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$2.42M
5
DWM
Darwin Wealth Management
Florida
+$2.36M

Top Sellers

Rank Fund Capital Flow
1
BCI
Brinker Capital Investments
Pennsylvania
-$26.6M
2
Ameriprise
Ameriprise
Minnesota
-$12.2M
3
OIA
OneDigital Investment Advisors
Kansas
-$4.57M
4
SIG
Spinnaker Investment Group
California
-$2.05M
5
Citadel Advisors
Citadel Advisors
Florida
-$1.85M
Name Holding Trade Value Shares
Change 		Change in
Stake
TWC
101
TD Waterhouse Canada
Ontario, Canada
$4.35K – – –
CCM
102
Cribstone Capital Management
Maine
$4K +$1.29K +41 +44%
FHA
103
First Horizon Advisors
Tennessee
$3K -$199K -6,325 -98%
NFSG
104
Newbridge Financial Services Group
Florida
$2K -$2.89K -92 -65%
VNA
105
Valley National Advisers
Pennsylvania
$2K – – –
Fidelity Investments
106
Fidelity Investments
Massachusetts
$1K -$283 -9 -30%
SWM
107
Sugarloaf Wealth Management
Georgia
$1K – – –
GEA
108
Glen Eagle Advisors
New Jersey
$557 – – –
Citadel Advisors
109
Citadel Advisors
Florida
– -$1.85M -57,930 Closed
APA
110
Astoria Portfolio Advisors
New York
– -$1.35M -42,273 Closed
SFS
111
Sowell Financial Services
Arkansas
– -$1.26M -39,402 Closed
Renaissance Technologies
112
Renaissance Technologies
New York
– -$1.08M -33,905 Closed
CTFG
113
Capstone Triton Financial Group
Oklahoma
– -$978K -30,731 Closed
AAS
114
Ameritas Advisory Services
Nebraska
– -$938K -29,372 Closed
FTUS
115
Flow Traders U.S.
New York
– -$660K -20,659 Closed
VWA
116
Visionary Wealth Advisors
Illinois
– -$614K -19,209 Closed
LA
117
Latitude Advisors
Florida
– -$591K -18,511 Closed
CAG
118
Csenge Advisory Group
Florida
– -$474K -14,855 Closed
SWP
119
Stratos Wealth Partners
Ohio
– -$376K -11,774 Closed
CWA
120
Clarus Wealth Advisors
Arizona
– -$290K -9,052 Closed
OC
121
Oppenheimer & Co
New York
– -$248K -7,769 Closed
Comerica Bank
122
Comerica Bank
Texas
– -$249K -7,753 Closed
LA
123
Lifeworks Advisors
Michigan
– -$219K -6,847 Closed
SB
124
Strategic Blueprint
Georgia
– -$215K -6,728 Closed
AWS
125
AJ Wealth Strategies
New York
– -$207K -6,484 Closed
2 3 4
5
6

MNA Hedge Fund Activity: Q2 2022 in Review

108 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q2 2022, worth a combined $398M — down 8.8% from $436M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of MNA and 14 opened new positions — a net loss of 11 holders — while 48 trimmed existing stakes and 29 added.

The largest buyer was Aspiriant LLC, adding an estimated $18.2M. The largest seller was Brinker Capital Investments, cutting an estimated $26.6M.

  • 108 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q2 2022, down from 122 in Q1 2022.
  • Funds reported $398M of IQ ARB Merger Arbitrage ETF stock for Q2 2022, down 8.8% quarter-over-quarter.
  • 14 funds opened new IQ ARB Merger Arbitrage ETF positions in Q2 2022 and 25 closed out, a net change of -11 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q2 2022 was Aspiriant LLC, an estimated $18.2M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q2 2022 was Brinker Capital Investments, an estimated $26.6M sold.

Based on aggregated 13F filings for Q2 2022.