IQ ARB Merger Arbitrage ETF
MNA
92 hedge funds and large institutions have $302M invested in IQ ARB Merger Arbitrage ETF in 2023 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 23 increasing their positions, 41 reducing their positions, and 11 closing their positions.
27% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 11
7.65% more ownership
Funds ownership: 81.9% → 89.55% (+7.7%)
2% more funds holding
Funds holding: 90 → 92 (+2)
21% less capital invested
Capital invested by funds: $382M → $302M (-$79.4M)
44% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 41
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$20M |
| 2 |
Morgan Stanley
New York
|
+$18.7M |
| 3 |
SAG
SageView Advisory Group
Newport Beach,
California
|
+$13.4M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$7M |
| 5 |
PAS
Park Avenue Securities
New York
|
+$1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GT
Greenleaf Trust
Kalamazoo,
Michigan
|
-$72.2M |
| 2 |
OIA
OneDigital Investment Advisors
Overland Park,
Kansas
|
-$15.5M |
| 3 |
WAP
Wealthcare Advisory Partners
West Chester,
Pennsylvania
|
-$13.1M |
| 4 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$6.1M |
| 5 |
CF
Cantor Fitzgerald
New York
|
-$3.48M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$5.4K | -171 | Closed |
|
102
AssetMark Inc
Concord,
California
| – | -$727 | -23 | Closed |
|
103
Citigroup
New York
| – | -$95 | -3 | Closed |
|
MNA Hedge Fund Activity: Q4 2023 in Review
92 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q4 2023, worth a combined $302M — down 21% from $382M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new MNA positions and 11 closed out — a net gain of 3 holders — while 23 added to existing stakes and 41 trimmed.
The largest buyer was Jane Street, adding an estimated $20M. The largest seller was Greenleaf Trust, cutting an estimated $72.2M.
- 92 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q4 2023, up from 90 in Q3 2023.
- Funds reported $302M of IQ ARB Merger Arbitrage ETF stock for Q4 2023, down 21% quarter-over-quarter.
- 14 funds opened new IQ ARB Merger Arbitrage ETF positions in Q4 2023 and 11 closed out, a net change of +3 holders.
- The largest IQ ARB Merger Arbitrage ETF buyer in Q4 2023 was Jane Street, an estimated $20M added.
- The largest IQ ARB Merger Arbitrage ETF seller in Q4 2023 was Greenleaf Trust, an estimated $72.2M sold.
Based on aggregated 13F filings for Q4 2023.