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IQ ARB Merger Arbitrage ETF
MNA

15 hedge funds and large institutions have $10.9M invested in IQ ARB Merger Arbitrage ETF in 2014 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 3 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 1

100% more repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 3

75% more capital invested

Capital invested by funds: $6.22M → $10.9M (+$4.67M)

15% more funds holding

Funds holding: 13 → 15 (+2)

7.28% more ownership

Funds ownership: 22.81% → 30.09% (+7.3%)

Holders
15
Holders Change
+2
Holders Change %
+15.38%
% of All Funds
0.43%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
6
Reduced
3
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SAM
Stringer Asset Management
Tennessee
+$3.44M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$632K
3
Morgan Stanley
Morgan Stanley
New York
+$401K
4
FAAM
First Allied Asset Management
California
+$322K
5
Ameriprise
Ameriprise
Minnesota
+$168K

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$328K
2
Bank of America
Bank of America
North Carolina
-$124K
3
SI
SII Investments
Wisconsin
-$120K
4
TRCT
Tower Research Capital (TRC)
New York
-$5K
Name Holding Trade Value Shares
Change 		Change in
Stake
SAM
1
Stringer Asset Management
Tennessee
$3.83M +$3.44M +126,255 +1,102%
Morgan Stanley
2
Morgan Stanley
New York
$2.43M +$401K +14,696 +20%
FAAM
3
First Allied Asset Management
California
$1.6M +$322K +11,818 +26%
Jane Street
4
Jane Street
New York
$905K -$328K -12,015 -27%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$742K +$632K +23,199 +666%
Bank of America
6
Bank of America
North Carolina
$406K -$124K -4,556 -24%
MPWT
7
MassMutual Private Wealth & Trust
Connecticut
$375K +$11.4K +420 +3%
SI
8
SII Investments
Wisconsin
$243K -$120K -4,404 -34%
Ameriprise
9
Ameriprise
Minnesota
$171K +$168K +6,152 New
BFEC
10
Benjamin F. Edwards & Company
Missouri
$114K – – –
Envestnet Asset Management
11
Envestnet Asset Management
Illinois
$43K +$42.2K +1,548 New
Wells Fargo
12
Wells Fargo
California
$12K – – –
TFA
13
Transamerica Financial Advisors
Florida
$6K +$654 +24 +14%
AIG
14
American International Group
New York
$4.06K +$3.98K +146 New
CG
15
Colony Group
Massachusetts
$4K – – –
TRCT
16
Tower Research Capital (TRC)
New York
– -$5K -200 Closed

MNA Hedge Fund Activity: Q2 2014 in Review

15 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q2 2014, worth a combined $10.9M — up 75% from $6.22M a quarter earlier.

Buyers outnumbered sellers: 3 funds opened new MNA positions and 1 closed out — a net gain of 2 holders — while 6 added to existing stakes and 3 trimmed.

The largest buyer was Stringer Asset Management, adding an estimated $3.44M. The largest seller was Jane Street, cutting an estimated $328K.

  • 15 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q2 2014, up from 13 in Q1 2014.
  • Funds reported $10.9M of IQ ARB Merger Arbitrage ETF stock for Q2 2014, up 75% quarter-over-quarter.
  • 3 funds opened new IQ ARB Merger Arbitrage ETF positions in Q2 2014 and 1 closed out, a net change of +2 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q2 2014 was Stringer Asset Management, an estimated $3.44M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q2 2014 was Jane Street, an estimated $328K sold.

Based on aggregated 13F filings for Q2 2014.