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IQ ARB Merger Arbitrage ETF
MNA

136 hedge funds and large institutions have $516M invested in IQ ARB Merger Arbitrage ETF in 2020 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 46 increasing their positions, 54 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.58% more ownership

Funds ownership: 68.25% → 68.83% (+0.58%)

4% less funds holding

Funds holding: 142 → 136 (-6)

15% less repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 54

16% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 25

18% less funds holding in top 10

Funds holding in top 10: 11 → 9 (-2)

19% less capital invested

Capital invested by funds: $633M → $516M (-$117M)

Holders
136
Holders Change
-6
Holders Change %
-4.23%
% of All Funds
3%
Holding in Top 10
9
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-18.18%
% of All Funds
0.2%
New
21
Increased
46
Reduced
54
Closed
25
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
OPS
Orion Portfolio Solutions
Nebraska
+$10.7M
2
AllianceBernstein
AllianceBernstein
Tennessee
+$7.26M
3
OIA
OneDigital Investment Advisors
Kansas
+$3.24M
4
BFG
Barber Financial Group
Kansas
+$1.6M
5
LWAC
Laurel Wealth Advisors (California)
California
+$1.45M

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$12.1M
2
WCWM
Wooster Corthell Wealth Management
Connecticut
-$10.1M
3
HighTower Advisors
HighTower Advisors
Illinois
-$8.25M
4
BCA
Biltmore Capital Advisors
New Jersey
-$7.34M
5
GWAG
Garrett Wealth Advisory Group
Texas
-$7.18M
Name Holding Trade Value Shares
Change 		Change in
Stake
PO
126
Private Ocean
California
$7K – – –
PFGIA
127
Patriot Financial Group Insurance Agency
Massachusetts
$6K – – –
BBPWM
128
Blue Bell Private Wealth Management
Pennsylvania
$3K – – –
GFPC
129
Global Financial Private Capital
Florida
$3K – – –
AssetMark Inc
130
AssetMark Inc
California
$3K +$808 +25 +30%
WQ
131
Wealth Quarterback
New Jersey
$2.8K – – –
CHA
132
Carmichael Hill & Associates
Maryland
$1K – – –
CP
133
Corbenic Partners
Pennsylvania
$1K +$808 +25 New
LFG
134
Larson Financial Group
Missouri
$1K +$970 +30 New
AIM
135
Anchor Investment Management
South Carolina
$60 – – –
BCA
136
Biltmore Capital Advisors
New Jersey
– -$7.34M -221,110 Closed
GWAG
137
Garrett Wealth Advisory Group
Texas
– -$7.18M -215,994 Closed
DP
138
Denver PWM
Colorado
– -$2.67M -80,474 Closed
Goldman Sachs
139
Goldman Sachs
New York
– -$2.12M -63,826 Closed
BOS
140
Bank of Stockton
California
– -$2.05M -61,812 Closed
QAM
141
Q3 Asset Management
Michigan
– -$1.72M -51,772 Closed
Citadel Advisors
142
Citadel Advisors
Florida
– -$947K -28,512 Closed
Renaissance Technologies
143
Renaissance Technologies
New York
– -$634K -19,101 Closed
Northern Trust
144
Northern Trust
Illinois
– -$541K -16,285 Closed
SWP
145
Stratos Wealth Partners
Ohio
– -$512K -15,434 Closed
VA
146
Valmark Advisers
Ohio
– -$340K -10,242 Closed
CA
147
Cetera Advisors
Colorado
– -$286K -8,617 Closed
JF
148
JSF Financial
California
– -$278K -8,365 Closed
PFS
149
Prospera Financial Services
Texas
– -$256K -7,704 Closed
FCBT
150
First Citizens Bank & Trust
North Carolina
– -$248K -7,465 Closed
3 4 5
6
7

MNA Hedge Fund Activity: Q1 2020 in Review

136 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q1 2020, worth a combined $516M — down 19% from $633M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of MNA and 21 opened new positions — a net loss of 4 holders — while 54 trimmed existing stakes and 46 added.

The largest buyer was Orion Portfolio Solutions, opening a new position worth an estimated $10.7M. The largest seller was Wells Fargo, cutting an estimated $12.1M.

  • 136 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q1 2020, down from 142 in Q4 2019.
  • Funds reported $516M of IQ ARB Merger Arbitrage ETF stock for Q1 2020, down 19% quarter-over-quarter.
  • 21 funds opened new IQ ARB Merger Arbitrage ETF positions in Q1 2020 and 25 closed out, a net change of -4 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q1 2020 was Orion Portfolio Solutions, an estimated $10.7M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q1 2020 was Wells Fargo, an estimated $12.1M sold.

Based on aggregated 13F filings for Q1 2020.