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IQ ARB Merger Arbitrage ETF
MNA

30 hedge funds and large institutions have $34.1M invested in IQ ARB Merger Arbitrage ETF in 2014 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 11 increasing their positions, 3 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,100% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 1

267% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 3

58% more funds holding

Funds holding: 19 → 30 (+11)

51% more capital invested

Capital invested by funds: $22.6M → $34.1M (+$11.5M)

7.04% more ownership

Funds ownership: 36.66% → 43.7% (+7%)

Holders
30
Holders Change
+11
Holders Change %
+57.89%
% of All Funds
0.8%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
11
Reduced
3
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
JIC
Johnson Investment Counsel
Ohio
+$3.54M
2
Morgan Stanley
Morgan Stanley
New York
+$1.78M
3
Jane Street
Jane Street
New York
+$893K
4
RJA
Raymond James & Associates
Florida
+$733K
5
VKH
Virtu KCG Holdings
New York
+$461K

Top Sellers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
-$215K
2
HighTower Advisors
HighTower Advisors
Illinois
-$53.1K
3
BFEC
Benjamin F. Edwards & Company
Missouri
-$42.3K
4
MPWT
MassMutual Private Wealth & Trust
Connecticut
-$7.06K
Name Holding Trade Value Shares
Change 		Change in
Stake
NYLIM
1
New York Life Investment Management
New York
$10.6M – – –
Morgan Stanley
2
Morgan Stanley
New York
$5.36M +$1.78M +64,365 +50%
JIC
3
Johnson Investment Counsel
Ohio
$4.21M +$3.54M +127,760 +554%
SAM
4
Stringer Asset Management
Tennessee
$2.94M +$385K +13,929 +15%
FAAM
5
First Allied Asset Management
California
$1.88M +$25.1K +907 +1%
SCM
6
Stonehearth Capital Management
Massachusetts
$1.64M +$1.62M +58,585 New
Bank of America
7
Bank of America
North Carolina
$1.31M +$126K +4,545 +11%
Jane Street
8
Jane Street
New York
$1.18M +$893K +32,270 +320%
RJA
9
Raymond James & Associates
Florida
$1.14M +$733K +26,478 +185%
HighTower Advisors
10
HighTower Advisors
Illinois
$902K -$53.1K -1,918 -6%
VKH
11
Virtu KCG Holdings
New York
$465K +$461K +16,655 New
PI
12
Placemark Investments
Illinois
$426K +$424K +15,313 New
Susquehanna International Group
13
Susquehanna International Group
Pennsylvania
$415K +$411K +14,870 New
MPWT
14
MassMutual Private Wealth & Trust
Connecticut
$372K -$7.06K -255 -2%
LPL Financial
15
LPL Financial
California
$365K +$362K +13,078 New
SI
16
SII Investments
Wisconsin
$274K +$27.7K +1,001 +11%
HCM
17
Hengehold Capital Management
Ohio
$270K +$268K +9,691 New
P
18
Palladiem
Pennsylvania
$220K +$218K +7,865 New
BFEC
19
Benjamin F. Edwards & Company
Missouri
$72K -$42.3K -1,528 -37%
TFA
20
Transamerica Financial Advisors
Florida
$41K +$33K +1,193 +481%
Envestnet Asset Management
21
Envestnet Asset Management
Illinois
$29K +$2.08K +75 +8%
BRWM
22
B. Riley Wealth Management
Tennessee
$25K +$25.1K +907 New
Bank of Montreal
23
Bank of Montreal
Ontario, Canada
$14K +$13.7K +495 New
Wells Fargo
24
Wells Fargo
California
$12K – – –
BCI
25
Brinker Capital Investments
Pennsylvania
$7K +$1.58K +57 +30%
1
2

MNA Hedge Fund Activity: Q4 2014 in Review

30 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q4 2014, worth a combined $34.1M — up 51% from $22.6M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new MNA positions and 1 closed out — a net gain of 11 holders — while 11 added to existing stakes and 3 trimmed.

The largest buyer was Johnson Investment Counsel, adding an estimated $3.54M. The largest seller was Ameriprise, exiting entirely with an estimated $215K sold.

  • 30 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q4 2014, up from 19 in Q3 2014.
  • Funds reported $34.1M of IQ ARB Merger Arbitrage ETF stock for Q4 2014, up 51% quarter-over-quarter.
  • 12 funds opened new IQ ARB Merger Arbitrage ETF positions in Q4 2014 and 1 closed out, a net change of +11 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q4 2014 was Johnson Investment Counsel, an estimated $3.54M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q4 2014 was Ameriprise, an estimated $215K sold.

Based on aggregated 13F filings for Q4 2014.