IQ ARB Merger Arbitrage ETF
MNA
86 hedge funds and large institutions have $371M invested in IQ ARB Merger Arbitrage ETF in 2018 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 27 increasing their positions, 28 reducing their positions, and 7 closing their positions.
186% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 7
17% more capital invested
Capital invested by funds: $316M → $371M (+$54.9M)
16% more funds holding
Funds holding: 74 → 86 (+12)
4.3% more ownership
Funds ownership: 55.52% → 59.82% (+4.3%)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
4% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GT
Greenleaf Trust
Kalamazoo,
Michigan
|
+$25.4M |
| 2 |
WP
WealthPLAN Partners
Omaha,
Nebraska
|
+$18.3M |
| 3 |
NAM
NorthCoast Asset Management
Greenwich,
Connecticut
|
+$6.82M |
| 4 |
Morgan Stanley
New York
|
+$2.65M |
| 5 |
QAM
Q3 Asset Management
Birmingham,
Michigan
|
+$1.88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$6.18M |
| 2 |
VCM
Verger Capital Management
Winston-Salem,
North Carolina
|
-$6.08M |
| 3 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
-$2.32M |
| 4 |
LPL Financial
San Diego,
California
|
-$2.22M |
| 5 |
CCMG
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
-$1.34M |
MNA Hedge Fund Activity: Q3 2018 in Review
86 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q3 2018, worth a combined $371M — up 17% from $316M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new MNA positions and 7 closed out — a net gain of 13 holders — while 27 added to existing stakes and 28 trimmed.
The largest buyer was Greenleaf Trust, adding an estimated $25.4M. The largest seller was Cornerstone Wealth Management, cutting an estimated $6.18M.
- 86 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q3 2018, up from 74 in Q2 2018.
- Funds reported $371M of IQ ARB Merger Arbitrage ETF stock for Q3 2018, up 17% quarter-over-quarter.
- 20 funds opened new IQ ARB Merger Arbitrage ETF positions in Q3 2018 and 7 closed out, a net change of +13 holders.
- The largest IQ ARB Merger Arbitrage ETF buyer in Q3 2018 was Greenleaf Trust, an estimated $25.4M added.
- The largest IQ ARB Merger Arbitrage ETF seller in Q3 2018 was Cornerstone Wealth Management, an estimated $6.18M sold.
Based on aggregated 13F filings for Q3 2018.