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IQ ARB Merger Arbitrage ETF

77 hedge funds and large institutions have $248M invested in IQ ARB Merger Arbitrage ETF in 2018 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 38 increasing their positions, 16 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

500% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 2

138% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 16

66% more capital invested

Capital invested by funds: $149M → $248M (+$99M)

33% more funds holding in top 10

Funds holding in top 10: 34 (+1)

15% more funds holding

Funds holding: 6777 (+10)

7.2% more ownership

Funds ownership: 41.48%48.67% (+7.2%)

Holders
77
Holders Change
+10
Holders Change %
+14.93%
% of All Funds
1.76%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.09%
New
12
Increased
38
Reduced
16
Closed
2
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Ameriprise
1
Ameriprise
Minnesota
$63.2M +$42.9M +1,373,802 +201%
Bank of America
2
Bank of America
North Carolina
$23.9M +$12.9M +414,687 +114%
OIA
3
OneDigital Investment Advisors
Kansas
$23.4M +$3.18M +101,877 +15%
Morgan Stanley
4
Morgan Stanley
New York
$18.1M +$3.73M +119,309 +25%
RJA
5
Raymond James & Associates
Florida
$13.6M +$13.2M +423,813 +2,483%
BOS
6
Bank of Stockton
California
$10.3M +$566K +18,133 +6%
Susquehanna International Group
7
Susquehanna International Group
Pennsylvania
$10.2M +$10.4M +332,740 New
SCM
8
Stonehearth Capital Management
Massachusetts
$9.19M +$96.3K +3,083 +1%
HH
9
Hilltop Holdings
Texas
$7.18M +$5.66M +181,105 +345%
WF
10
WealthTrust Fairport
Ohio
$6.92M +$439K +14,045 +7%
LPL Financial
11
LPL Financial
California
$6.88M +$4.2M +134,417 +151%
MFP
12
Mosaic Financial Partners
California
$5.4M +$1.57M +50,387 +40%
Royal Bank of Canada
13
Royal Bank of Canada
Ontario, Canada
$4.54M +$3.56M +113,906 +338%
CFA
14
Carroll Financial Associates
North Carolina
$4.21M -$6.53M -209,143 -60%
CCMG
15
Clark Capital Management Group
Pennsylvania
$3.86M +$240K +7,689 +7%
SAM
16
Stringer Asset Management
Tennessee
$3.19M +$3.25M +103,947 New
Cambridge Investment Research Advisors
17
Cambridge Investment Research Advisors
Iowa
$2.69M +$1.45M +46,507 +113%
ACA
18
Ackerman Capital Advisors
Texas
$2.5M -$175K -5,605 -7%
PCP
19
Proficio Capital Partners
Massachusetts
$2.32M +$19.7K +630 +0.8%
CAN
20
Cetera Advisor Networks
California
$2.3M -$3.18M -101,807 -58%
Axa
21
Axa
France
$2.1M
Janney Montgomery Scott
22
Janney Montgomery Scott
Pennsylvania
$1.86M +$1.89M +60,675 New
Commonwealth Equity Services
23
Commonwealth Equity Services
Massachusetts
$1.75M +$288K +9,235 +19%
Jane Street
24
Jane Street
New York
$1.72M +$1.22M +38,943 +229%
LNC
25
Lincoln National Corp
Pennsylvania
$1.63M -$278K -8,887 -14%

MNA Hedge Fund Activity: Q1 2018 in Review

77 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q1 2018, worth a combined $248M — up 66% from $149M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new MNA positions and 2 closed out — a net gain of 10 holders — while 38 added to existing stakes and 16 trimmed.

The largest buyer was Ameriprise, adding an estimated $42.9M. The largest seller was Carroll Financial Associates, cutting an estimated $6.53M.

  • 77 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q1 2018, up from 67 in Q4 2017.
  • Funds reported $248M of IQ ARB Merger Arbitrage ETF stock for Q1 2018, up 66% quarter-over-quarter.
  • 12 funds opened new IQ ARB Merger Arbitrage ETF positions in Q1 2018 and 2 closed out, a net change of +10 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q1 2018 was Ameriprise, an estimated $42.9M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q1 2018 was Carroll Financial Associates, an estimated $6.53M sold.

Based on aggregated 13F filings for Q1 2018.