IQ ARB Merger Arbitrage ETF
MNA
124 hedge funds and large institutions have $706M invested in IQ ARB Merger Arbitrage ETF in 2019 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 50 increasing their positions, 30 reducing their positions, and 22 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 30
41% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 22
28% more capital invested
Capital invested by funds: $552M → $706M (+$154M)
23% more funds holding in top 10
Funds holding in top 10: 13 → 16 (+3)
8% more funds holding
Funds holding: 115 → 124 (+9)
4.13% more ownership
Funds ownership: 66.73% → 70.86% (+4.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CFIA
Cantor Fitzgerald Investment Advisors
New York
|
+$36.3M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$26.4M |
| 3 |
EMPI
Elo Mutual Pension Insurance
Espoo,
Finland
|
+$20M |
| 4 |
WCWM
Wooster Corthell Wealth Management
Glastonbury,
Connecticut
|
+$13M |
| 5 |
Morgan Stanley
New York
|
+$11.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$26.7M |
| 2 |
BO
BRR OpCo
Columbus,
Ohio
|
-$4.31M |
| 3 |
MWC
MKD Wealth Coaches
Troy,
Michigan
|
-$3.7M |
| 4 |
PP
Prudential plc
London, England,
United Kingdom
|
-$3.39M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$3.25M |
MNA Hedge Fund Activity: Q1 2019 in Review
124 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q1 2019, worth a combined $706M — up 28% from $552M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new MNA positions and 22 closed out — a net gain of 9 holders — while 50 added to existing stakes and 30 trimmed.
The largest buyer was Cantor Fitzgerald Investment Advisors, opening a new position worth an estimated $36.3M. The largest seller was Ameriprise, cutting an estimated $26.7M.
- 124 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q1 2019, up from 115 in Q4 2018.
- Funds reported $706M of IQ ARB Merger Arbitrage ETF stock for Q1 2019, up 28% quarter-over-quarter.
- 31 funds opened new IQ ARB Merger Arbitrage ETF positions in Q1 2019 and 22 closed out, a net change of +9 holders.
- The largest IQ ARB Merger Arbitrage ETF buyer in Q1 2019 was Cantor Fitzgerald Investment Advisors, an estimated $36.3M added.
- The largest IQ ARB Merger Arbitrage ETF seller in Q1 2019 was Ameriprise, an estimated $26.7M sold.
Based on aggregated 13F filings for Q1 2019.