IQ ARB Merger Arbitrage ETF
MNA
96 hedge funds and large institutions have $375M invested in IQ ARB Merger Arbitrage ETF in 2023 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 25 increasing their positions, 46 reducing their positions, and 18 closing their positions.
6% more capital invested
Capital invested by funds: $353M → $375M (+$22.4M)
0.04% more ownership
Funds ownership: 79.87% → 79.9% (+0.04%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
9% less funds holding
Funds holding: 106 → 96 (-10)
46% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 46
50% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NYLIM
New York Life Investment Management
New York
|
+$32.4M |
| 2 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$4.57M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$2.96M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$2.25M |
| 5 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
+$1.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Curi Wealth Management
Raleigh,
North Carolina
|
-$6.32M |
| 2 |
Jane Street
New York
|
-$3.39M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$3.37M |
| 4 |
OIA
OneDigital Investment Advisors
Overland Park,
Kansas
|
-$3.28M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Mercer Global Advisors
Denver,
Colorado
| – | -$398K | -12,578 | Closed |
|
|
CG
102
Caprock Group
Boise,
Idaho
| – | -$324K | -10,248 | Closed |
|
|
IW
103
Imprint Wealth
Mount Pleasant,
South Carolina
| – | -$311K | -9,844 | Closed |
|
104
Mariner
Overland Park,
Kansas
| – | -$259K | -8,183 | Closed |
|
|
MFG
105
Merit Financial Group
Alpharetta,
Georgia
| – | -$243K | -7,680 | Closed |
|
|
AWM
106
AE Wealth Management
Topeka,
Kansas
| – | -$206K | -6,514 | Closed |
|
107
US Bancorp
Minneapolis,
Minnesota
| – | -$90K | -2,846 | Closed |
|
|
AAS
108
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$50.5K | -1,588 | Closed |
|
|
M
109
MOTCO
San Antonio,
Texas
| – | -$15.2K | -482 | Closed |
|
|
BAM
110
Belpointe Asset Management
Reno,
Nevada
| – | -$14.6K | -461 | Closed |
|
111
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$10.4K | -327 | Closed |
|
|
ASN
112
Advisory Services Network
Atlanta,
Georgia
| – | -$1.8K | -57 | Closed |
|
113
AssetMark Inc
Concord,
California
| – | -$253 | -8 | Closed |
|
114
Citigroup
New York
| – | -$127 | -4 | Closed |
|
MNA Hedge Fund Activity: Q2 2023 in Review
96 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q2 2023, worth a combined $375M — up 6.4% from $353M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of MNA and 9 opened new positions — a net loss of 9 holders — while 46 trimmed existing stakes and 25 added.
The largest buyer was New York Life Investment Management, opening a new position worth an estimated $32.4M. The largest seller was Curi Wealth Management, cutting an estimated $6.32M.
- 96 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q2 2023, down from 106 in Q1 2023.
- Funds reported $375M of IQ ARB Merger Arbitrage ETF stock for Q2 2023, up 6.4% quarter-over-quarter.
- 9 funds opened new IQ ARB Merger Arbitrage ETF positions in Q2 2023 and 18 closed out, a net change of -9 holders.
- The largest IQ ARB Merger Arbitrage ETF buyer in Q2 2023 was New York Life Investment Management, an estimated $32.4M added.
- The largest IQ ARB Merger Arbitrage ETF seller in Q2 2023 was Curi Wealth Management, an estimated $6.32M sold.
Based on aggregated 13F filings for Q2 2023.