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IQ ARB Merger Arbitrage ETF
MNA

90 hedge funds and large institutions have $382M invested in IQ ARB Merger Arbitrage ETF in 2023 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 28 increasing their positions, 40 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

2% more ownership

Funds ownership: 79.9% → 81.9% (+2%)

2% more capital invested

Capital invested by funds: $375M → $382M (+$6.44M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

6% less funds holding

Funds holding: 96 → 90 (-6)

30% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 40

40% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 15

Holders
90
Holders Change
-6
Holders Change %
-6.25%
% of All Funds
1.43%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
9
Increased
28
Reduced
40
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
NYLIM
New York Life Investment Management
New York
+$11.2M
2
BRWA
B. Riley Wealth Advisors
Florida
+$5.17M
3
AC
Avestar Capital
New York
+$3.04M
4
Citadel Advisors
Citadel Advisors
Florida
+$2.36M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$977K

Top Sellers

Rank Fund Capital Flow
1
CCMG
Clark Capital Management Group
Pennsylvania
-$3.54M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$3.42M
3
OIA
OneDigital Investment Advisors
Kansas
-$2.59M
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$2.38M
5
PA
Pinnacle Associates
New York
-$1.68M
Name Holding Trade Value Shares
Change 		Change in
Stake
CWM
101
Consultiva Wealth Management
Puerto Rico
– -$35.3K -1,131 Closed
WIM
102
WealthPlan Investment Management
Nebraska
– -$26.5K -849 Closed
BCM
103
Basso Capital Management
Connecticut
– -$1.87K -60 Closed
IGWM
104
ICA Group Wealth Management
Colorado
– -$1.5K -48 Closed
FA
105
Fiduciary Alliance
South Carolina
– -$1.06K -34 Closed
FGAM
106
Financial Gravity Asset Management
Texas
– -$10.7K -31 Closed
1 2 3 4
5

MNA Hedge Fund Activity: Q3 2023 in Review

90 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q3 2023, worth a combined $382M — up 1.7% from $375M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of MNA and 9 opened new positions — a net loss of 6 holders — while 40 trimmed existing stakes and 28 added.

The largest buyer was New York Life Investment Management, adding an estimated $11.2M. The largest seller was Clark Capital Management Group, exiting entirely with an estimated $3.54M sold.

  • 90 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q3 2023, down from 96 in Q2 2023.
  • Funds reported $382M of IQ ARB Merger Arbitrage ETF stock for Q3 2023, up 1.7% quarter-over-quarter.
  • 9 funds opened new IQ ARB Merger Arbitrage ETF positions in Q3 2023 and 15 closed out, a net change of -6 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q3 2023 was New York Life Investment Management, an estimated $11.2M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q3 2023 was Clark Capital Management Group, an estimated $3.54M sold.

Based on aggregated 13F filings for Q3 2023.