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IQ ARB Merger Arbitrage ETF

45 hedge funds and large institutions have $80.6M invested in IQ ARB Merger Arbitrage ETF in 2015 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 18 increasing their positions, 10 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 5

80% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 10

13% more funds holding

Funds holding: 4045 (+5)

5% less capital invested

Capital invested by funds: $84.8M → $80.6M (-$4.26M)

5.84% less ownership

Funds ownership: 61.56%55.72% (-5.8%)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
45
Holders Change
+5
Holders Change %
+12.5%
% of All Funds
1.26%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
11
Increased
18
Reduced
10
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
NYLIM
1
New York Life Investment Management
New York
$15.8M
MMA
2
Miracle Mile Advisors
California
$11.3M +$483K +17,024 +4%
RJA
3
Raymond James & Associates
Florida
$8.22M +$421K +14,847 +5%
Morgan Stanley
4
Morgan Stanley
New York
$7.89M -$421K -14,837 -5%
Commonwealth Equity Services
5
Commonwealth Equity Services
Massachusetts
$5.22M +$297K +10,448 +6%
JIC
6
Johnson Investment Counsel
Ohio
$4.22M +$143K +5,050 +3%
SAM
7
Stringer Asset Management
Tennessee
$4.13M +$52.6K +1,854 +1%
ACM
8
Aviance Capital Management
Florida
$2.54M +$2.59M +91,409 New
CFA
9
Carroll Financial Associates
North Carolina
$2.52M +$2.56M +90,309 +18,062%
Susquehanna International Group
10
Susquehanna International Group
Pennsylvania
$2.13M -$6.55M -230,647 -75%
FAAS
11
First Allied Advisory Services
California
$1.84M -$217K -7,658 -10%
SCM
12
Stonehearth Capital Management
Massachusetts
$1.76M +$20.7K +728 +1%
HH
13
Hilltop Holdings
Texas
$1.46M -$261K -9,196 -15%
Cambridge Investment Research Advisors
14
Cambridge Investment Research Advisors
Iowa
$1.35M +$97.9K +3,450 +8%
Bank of America
15
Bank of America
North Carolina
$1.3M -$2.48M -87,516 -65%
BCI
16
Brinker Capital Investments
Pennsylvania
$1.12M
JP Morgan Chase
17
JP Morgan Chase
New York
$1M +$11.4K +403 +1%
LPL Financial
18
LPL Financial
California
$739K -$23.7K -834 -3%
Envestnet Asset Management
19
Envestnet Asset Management
Illinois
$670K +$194K +6,832 +40%
WSTAM
20
Wilbanks Smith & Thomas Asset Management
Virginia
$527K +$538K +18,945 New
TFA
21
Transamerica Financial Advisors
Florida
$526K +$1.19K +42 +0.2%
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$447K +$456K +16,060 New
ACM
23
Argentus Capital Management
Texas
$381K -$10.8K -382 -3%
MPWT
24
MassMutual Private Wealth & Trust
Connecticut
$372K +$2.13K +75 +0.6%
SCA
25
Strategic Capital Alternatives
United States
$353K +$360K +12,679 New

MNA Hedge Fund Activity: Q3 2015 in Review

45 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q3 2015, worth a combined $80.6M — down 5% from $84.8M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new MNA positions and 5 closed out — a net gain of 6 holders — while 18 added to existing stakes and 10 trimmed.

The largest buyer was Aviance Capital Management, opening a new position worth an estimated $2.59M. The largest seller was Susquehanna International Group, cutting an estimated $6.55M.

  • 45 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q3 2015, up from 40 in Q2 2015.
  • Funds reported $80.6M of IQ ARB Merger Arbitrage ETF stock for Q3 2015, down 5% quarter-over-quarter.
  • 11 funds opened new IQ ARB Merger Arbitrage ETF positions in Q3 2015 and 5 closed out, a net change of +6 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q3 2015 was Aviance Capital Management, an estimated $2.59M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q3 2015 was Susquehanna International Group, an estimated $6.55M sold.

Based on aggregated 13F filings for Q3 2015.